0001193125-12-282260.txt : 20120625 0001193125-12-282260.hdr.sgml : 20120625 20120625161138 ACCESSION NUMBER: 0001193125-12-282260 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 45 CONFORMED PERIOD OF REPORT: 20120430 FILED AS OF DATE: 20120625 DATE AS OF CHANGE: 20120625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMUCKER J M CO CENTRAL INDEX KEY: 0000091419 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FRUITS, VEG & PRESERVES, JAMS & JELLIES [2033] IRS NUMBER: 340538550 STATE OF INCORPORATION: OH FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05111 FILM NUMBER: 12924659 BUSINESS ADDRESS: STREET 1: STRAWBERRY LN CITY: ORRVILLE STATE: OH ZIP: 44667 BUSINESS PHONE: 3306823000 MAIL ADDRESS: STREET 1: STRAWBERRY LANE, P.O. BOX 280 CITY: ORRVILLE STATE: OH ZIP: 44667 10-K 1 d318554d10k.htm 10-K 10-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 10-K

 

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended April 30, 2012

or

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission file number 001-5111

 

 

THE J. M. SMUCKER COMPANY

(Exact name of registrant as specified in its charter)

 

Ohio   34-0538550

(State or other jurisdiction

of incorporation or organization)

  

(I.R.S. Employer

Identification No.)

One Strawberry Lane

Orrville, Ohio

   44667-0280
(Address of principal executive offices)   (Zip code)

Registrant’s telephone number, including area code (330) 682-3000

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

 

Title of each class

  

Name of each exchange on which registered

Common shares, no par value   New York Stock Exchange
Rights to purchase preferred shares   New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

 

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities

Act.    Yes  x     No  ¨

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  ¨    No  x

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  x    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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  ¨

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

 

Large accelerated filer   x    Accelerated filer   ¨
Non-accelerated filer   ¨    Smaller reporting company   ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

The aggregate market value of the common shares held by nonaffiliates of the registrant at October 31, 2011, was $8,204,431,960. As of June 18, 2012, 110,437,385 common shares of The J. M. Smucker Company were issued and outstanding.

 

 

DOCUMENTS INCORPORATED BY REFERENCE

Certain sections of the registrant’s definitive Proxy Statement to be filed in connection with its Annual Meeting of Shareholders to be held on August 15, 2012, are incorporated by reference into Part III of this Report, and certain sections of the registrant’s 2012 Annual Report to Shareholders are incorporated by reference into Parts I and II of this Report.

The exhibit index for this Report begins on page 26.

 

 

 

PART I

 

Item 1. Business.

The Company. The J. M. Smucker Company (the “Company”) was established in 1897 and was incorporated in Ohio in 1921. The Company, often referred to as Smucker's (a registered trademark), operates principally in one industry, the manufacturing and marketing of branded food products on a worldwide basis, although the majority of the Company’s sales are in the U.S. The Company’s operations outside the U.S. are principally in Canada, although products are exported to other countries as well. Sales outside the U.S. represented approximately 9 percent of consolidated Company sales for fiscal 2012. The Company’s branded food products include a strong portfolio of trusted, iconic, market-leading brands that are sold to consumers through retail outlets in North America.

On November 6, 2008, the Company completed a merger transaction with The Folgers Coffee Company (“Folgers”), a subsidiary of The Procter & Gamble Company ("P&G"). The value of the transaction was approximately $3.7 billion, including the issuance of common shares of the Company in connection with the merger and $350 million of Folgers debt. Under the terms of the transaction agreements, P&G distributed common shares of Folgers to participating P&G shareholders which were then automatically converted into the right to receive common shares of the Company in the merger. Immediately following the merger, P&G shareholders and pre-merger Company shareholders owned approximately 53.5 percent and 46.5 percent, respectively, of the Company’s approximately 118 million common shares outstanding. The merger was accounted for as a purchase business combination, with the Company treated as the acquiring entity.

On May 16, 2011, the Company completed the acquisition of the coffee brands and business operations of Rowland Coffee Roasters, Inc. (“Rowland Coffee”). Information regarding the Rowland Coffee acquisition is hereby incorporated by reference to the 2012 Annual Report to Shareholders, on pages 50 through 52 under “Note 2: Acquisitions.”

On January 3, 2012, the Company completed the acquisition of a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation (“Sara Lee foodservice business”). Information regarding the Sara Lee foodservice business acquisition is hereby incorporated by reference to the 2012 Annual Report to Shareholders, on pages 50 through 52 under “Note 2: Acquisitions.”

On March 26, 2012, the Company acquired a 25 percent equity interest in Guilin Seamild Biologic Technology Development Co., Ltd. (“Seamild”), a privately-owned manufacturer and marketer of oats products headquartered in Guilin in the Guangxi province of China. Information regarding the Seamild investment is hereby incorporated by reference to the 2012 Annual Report to Shareholders, on page 52 under “Note 3: Equity Method Investment.”

The Company has three reportable segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, and International, Foodservice, and Natural Foods. The Company’s two U.S. retail market segments in total comprised nearly 80 percent of the Company’s net sales in 2012 and represent a major portion of the strategic focus area for the Company – the sale of branded food products with leadership positions to consumers through retail outlets in North America. The International, Foodservice, and Natural Foods segment represents sales outside of the U.S. retail market.

Principal Products. The principal products of the Company, which are sold across the Company’s U.S. retail market segments and International, Foodservice, and Natural Foods segment are coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, and pickles and condiments.

 

2

Product sales information for the years 2012, 2011, and 2010 is incorporated herein by reference to information set forth in the Company’s 2012 Annual Report to Shareholders, on pages 53 through 55 under “Note 5: Reportable Segments.”

In both of the U.S. retail market segments, the Company's products are primarily sold through a combination of direct sales and brokers to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, and military commissaries. In the International, Foodservice, and Natural Foods segment, the Company’s products are distributed domestically and in foreign countries through retail channels, foodservice distributors and operators (e.g., restaurants, lodging, schools and universities, health care operators), and health and natural foods stores and distributors.

Sources and Availability of Raw Materials. The raw materials used by the Company in each of its segments are primarily commodities and agricultural-based products. Green coffee, peanuts, edible oils, sweeteners, milk, flour, corn, and other ingredients are obtained from various suppliers. These commodities are subject to price volatility since prices are dependent on quality and availability of supply. During 2012, the Company experienced overall higher raw material costs, as compared to 2011, specifically for green coffee, edible oils, peanuts, flour, milk, and sweeteners. The prices of many of these commodities are expected to continue to fluctuate over time. The Company uses basis contracts and commodity futures and options to manage price volatility for a significant portion of its commodity costs. Green coffee is sourced solely from foreign countries and its supply and price are subject to high volatility due to factors such as weather, global supply and demand, pest damage, and political and economic conditions in the source countries. Fruit and vegetable raw materials used by the Company in the production of its food products are purchased from independent growers and suppliers. Glass, plastic, steel cans, caps, carton board, and corrugate are the principal packaging materials used by the Company.

Raw materials are generally available from numerous sources although the Company has elected to source certain plastic packaging materials from single sources of supply pursuant to long-term contracts. While availability may vary year-to-year, the Company believes that it will continue to be able to obtain adequate supplies and that alternatives to single-sourced materials are available. The Company has not historically encountered significant shortages of key raw materials. The Company considers its relationship with key raw material suppliers to be good.

Trademarks and Patents. The Company's products are produced under certain patents and marketed under numerous trademarks owned or licensed by the Company or one of its subsidiaries. Major trademarks, utilized primarily in the U.S. retail market segments, include: Folgers®, Dunkin’ Donuts®, Millstone®, Café Bustelo®, and Café Pilon® in the U.S. Retail Coffee segment; and Smucker’s®, Jif®, Hungry Jack®, Uncrustables®, Dickinson's®, Adams®, Laura Scudder's®, Goober®, Magic Shell®, Crisco®, Pillsbury®, Eagle Brand®, Borden® and Elsie design, Martha White®, White Lily®, and Funfetti® in the U.S. Retail Consumer Foods segment.

Major trademarks utilized in the International, Foodservice, and Natural Foods segment include: Folgers, Smucker’s, Jif, Crisco, Plate Scapers®, Bick’s®, Five Roses®, Robin Hood®, Carnation®, R. W. Knudsen Family®, Santa Cruz Organic®, Double Fruit®, Recharge®, Red River®, Crosse & Blackwell®, Golden Temple®, Café Bustelo, and Café Pilon.

Dunkin’ Donuts is a registered trademark of DD IP Holder LLC used by the Company under license (the “Dunkin’ License”) for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, and drug stores. The Dunkin’ License does not pertain to Dunkin’ Donuts coffee or other products for sale in Dunkin’ Donuts restaurants. The terms of the Dunkin’ License include the payment of royalties to DD IP Holder LLC and other financial commitments by the Company. The Dunkin’ License is in effect until January 1, 2034.

Pillsbury, the Barrelhead logo, and the Doughboy character are trademarks of The Pillsbury Company, LLC and are used by the Company under a 20-year, perpetually renewable, royalty-free license.

 

3

Borden and the Elsie design are trademarks used by the Company on certain products under a perpetual, exclusive, and royalty-free license. Carnation is a trademark of Société des Produits Nestlé S.A. used by the Company’s Canadian subsidiary for certain canned milk products in certain territories under an exclusive and royalty-free license with an initial term of 10 years, renewable by the Company for two successive five-year terms and which becomes perpetual at the end of the renewal terms under certain circumstances. In addition, the Company or one of its subsidiaries licenses the use of several other trademarks, none of which are individually material to the Company's business.

Slogans or designs considered to be important trademarks include, without limitation, “With A Name Like Smucker's, It Has To Be Good®,” “The Best Part of Wakin’ Up Is Folgers In Your Cup®,” “Mountain Grown design,” “Choosy Moms Choose Jif®,” “Purely The Finest®,” “Crisco is Cooking™,” “Everybody’s Happy When It’s Hungry Jack®,” “Goodness Gracious, It’s Good®,” the Smucker's banner, the Crock Jar shape, the Gingham design, and the Strawberry logo.

The Company owns several hundred patents worldwide in addition to proprietary trade secrets, technology, know-how processes, and other intellectual property rights that are not registered.

The Company considers all of its intellectual property and the Pillsbury, Dunkin’ Donuts, Borden and Elsie design, and Carnation licenses, taken as a whole, to be essential to its business.

Seasonality. The Company’s U.S. Retail Coffee and U.S. Retail Consumer Foods segments are particularly seasonal around the “Fall Bake” and holiday period, which generally results in higher sales and profits in the Company’s second and third quarters. The Company’s success in promoting and merchandising its baking and coffee brands during the “Fall Bake” and holiday period has a significant impact on its results for a fiscal year. The back-to-school period and the spring holiday season are two other important promotional periods for the Company, although their impact to the Company is not as significant as the “Fall Bake” and holiday period.

Working Capital. Working capital requirements are greatest during the first half of the Company’s fiscal year mainly due to the timing of the buildup of coffee, oil, and baking inventories necessary to support the “Fall Bake” and holiday period and the additional buildup of coffee inventory in advance of the Atlantic hurricane season.

Customers. Sales to Wal-Mart Stores, Inc. and its subsidiaries amounted to approximately 26 percent, 26 percent, and 27 percent of net sales in 2012, 2011, and 2010, respectively. These sales are primarily included in the U.S. retail market segments. No other customer exceeded 10 percent of net sales during 2012, 2011, and 2010.

During 2012, the Company’s top 10 customers, collectively, accounted for approximately 60 percent of consolidated net sales. Although the loss of any large customer for an extended length of time could negatively impact the Company’s sales and profits, the Company does not anticipate that this will occur to a significant extent due to strong consumer demand for the Company’s products.

Orders. Generally, orders are filled within a few days of receipt, and the backlog of unfilled orders at any particular time has not been material on a historical basis.

Government Business. No material portion of the Company’s business is subject to renegotiation of profits or termination of contracts at the election of the government.

Competition. The Company is the branded market leader in the coffee, peanut butter, shortening, sweetened condensed milk, fruit spreads, ice cream toppings, and natural foods beverages categories in the U.S. The Company's business is highly competitive as all of its U.S. retail market segments’ brands compete for retail shelf space with other branded products as well as private label products.

 

4

The continued growth of alternative store formats, product and packaging innovations, technological advances, and new industry techniques are all issues for companies in the food industry to consider in order to remain competitive. The primary ways in which products are distinguished are product quality, price, packaging, new product introductions, nutritional value, convenience, advertising, and promotion. Positive factors pertaining to the Company’s competitive position include well-recognized brands, superior product quality and trust, experienced brand management, a single national grocery broker in the U.S., varied product offerings, product innovation, good customer service, and an integrated distribution network.

The Company historically has seen accelerated private label growth during periods of general economic disruption. The Company estimates that, during the period following the economic recession of the late 2000’s, private label grew more than during past periods partly due to the run up in commodity costs, increased emphasis of store brands by retailers, and improvements in private label quality. The Company believes that both private label and leading brands play an important role in all of the food categories in which it competes, appealing to different consumer segments. The Company closely monitors the price gap or price premium between its brands and private label brands, with the view that value is about more than price and the expectation that number one brands will continue to be an integral part of consumers’ shopping baskets.

In the U.S. Retail Coffee segment, the Folgers brand competes in the highly competitive U.S. packaged roast and ground coffee market with other retail coffee roasters such as Maxwell House, Yuban, and Nescafe. The Company competes in the premium coffee market with its Millstone and Folgers Gourmet Selections® brands, as well as through sales of Dunkin’ Donuts retail packaged coffee products, with other brands such as Starbucks, Eight O’Clock, Seattle’s Best, Gevalia, and Peet’s Coffee & Tea. Through a manufacturing and distribution agreement with Green Mountain Coffee Roasters, Inc. (“Green Mountain”) and Keurig, Inc., the Company competes in the single serve coffee market with its Folgers Gourmet Selections and Millstone premium coffees K-Cup® products. Additionally, Folgers Gourmet Selections will be part of the test rollout of the new Keurig Vue® brewing system. With the acquisition of Rowland Coffee, the Company now competes in the espresso coffee category with its Café Bustelo and Café Pilon brands.

In the U.S. Retail Consumer Foods segment, the Jif brand has been the leader in the peanut butter category for over 20 years, while the Company’s natural peanut butter business, sold under the Smucker’s, Adam’s, Laura Scudder’s, and Jif brands, maintains a strong leadership position in the natural peanut butter category. Although net sales of Jif in 2012 exceeded those in 2011, sales volume declined year over year due to a price increase of approximately 30 percent taken during the year and increased competition. The price increase was taken in response to increasing peanut costs during 2012 related to a poor calendar year 2011 peanut crop. The Company’s fruit spread brands, primarily Smucker’s and Dickinson’s, hold the leading position in the fruit spreads category and compete with Welch’s branded line of fruit spreads and many private label brands. The competing brands exist on both a national and a regional level. Crisco has historically been a leader in the shortening and cooking oils categories. Crisco holds the leading branded position in the shortening category and competes with other branded competitors for the leading branded position in the oils category. The oils category in which Crisco competes is highly competitive with private label competitors maintaining the largest share of the category. The category is also significantly impacted by volatile commodity pricing. During 2012, sales volume declined for Crisco oils, compared to 2011, due to substantial price competition of private label offerings by certain retailers. The Company’s Pillsbury brand competes in the dessert and baking mixes (“DBM”) market that includes mixes for cakes, cookies, brownies, muffins, and quick breads, as well as ready-to-spread frostings and ingredients used in scratch baking such as flour. Within the DBM category, the Company competes primarily with the Betty Crocker and Duncan Hines brands and many private label and regional brands. The Company’s Hungry Jack brand competes in the pancake mix and table syrup category. The Company competes with several major national as well as private label brands in this category. The Company competes in the canned milk category with both branded and nonbranded products. The Company is the branded market leader in the sweetened condensed milk category with its Eagle Brand and Magnolia® brands and has significant sales with production of private label brands. In the evaporated milk category, the Company has a significant presence with its production of private label brands.

 

5

Research and Development. The Company predominantly utilizes in-house resources to both develop new products and improve existing products in each of its business areas. Amounts expensed for product development were $21.9 million, $21.0 million, and $21.0 million in 2012, 2011, and 2010, respectively.

Environmental Matters. The Company considers environmental sustainability to be its responsibility as a good corporate citizen and a key strategic focus area for the Company. The Company has implemented and manages a variety of programs, including the utilization of renewable energy technology, improved wastewater management, increased usage of sustainable raw materials including green coffee, and reuse of resources rather than consuming new ones, in support of its commitment to environmental sustainability. The Company continues to evaluate and modify its processes on an ongoing basis to further reduce its impact on the environment and reduce waste.

Compliance with the provisions of enacted or pending federal, state, and local environmental regulations regarding either the discharge of materials into the environment or the protection of the environment is not expected to have a material effect upon the Company’s capital expenditures, earnings, or competitive position in 2013.

Employees. At April 30, 2012, the Company had approximately 4,850 full-time employees, worldwide. Approximately 28 percent of these employees, located at 11 facilities, are covered by union contracts. These contracts vary in term depending on the location. The Company believes its relations with its employees are good.

Financial Information about Industry Segments and Geographical Areas. The financial information required to be included in this item concerning reportable industry segments and international operations for the years 2012, 2011, and 2010 is incorporated herein by reference to information set forth in the Company’s 2012 Annual Report to Shareholders, on pages 53 through 55, under “Note 5: Reportable Segments.” The Company’s international operations are primarily in Canada with risks similar to those associated with the U.S. retail markets. More than one-half of the Company’s Canada sales represent the sale of Canadian produced products to Canadian customers. The majority of the remaining Canada sales represent the sale of products produced in the U.S. to Canadian customers, primarily Folgers coffee and Crisco oils.

Forward-Looking Statements. This Report includes forward-looking statements that are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from expected or projected results. The descriptions of risks and uncertainties relating to forward-looking statements is incorporated herein by reference to information set forth in the Company’s 2012 Annual Report to Shareholders under the caption “Forward-Looking Statements” on page 36.

Available Information. Access to all Securities and Exchange Commission (“SEC”) filings made by the Company, including its annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is provided, free of charge, on the Company’s Web site (www.smuckers.com) as soon as reasonably practicable after such reports are electronically filed with, or furnished to, the SEC.

 

Item 1A. Risk Factors.

The Company’s business, operations, and financial condition are subject to various risks and uncertainties. The risk factors described below should be carefully considered, together with the other information contained or incorporated by reference in this Report and in the Company’s other filings with

 

6

the SEC, in connection with evaluating the Company, its business, and the forward-looking statements contained in this Report. Additional risks and uncertainties not presently known to the Company or that the Company currently deems immaterial also may affect the Company. The occurrence of any of these known or unknown risks could have a material adverse impact on the Company’s business, financial condition, and results of operations.

 

  •  

The Company operates in the competitive food industry and continued demand for its products may be affected by changes in consumer preferences.

The Company faces competition across its product lines from other food companies with the primary methods and factors in competition being product quality, price, packaging, product innovation, nutritional value, convenience, customer service, advertising, and promotion. Continued success is dependent on product innovation, the ability to secure and maintain adequate retail shelf space, and effective trade merchandising, advertising, and marketing programs. Some of the Company’s competitors have substantial financial, marketing, and other resources, and competition with them in the Company’s various markets and product lines could cause the Company to reduce prices, increase marketing or other expenditures, or lose category share. Category share and growth could be adversely impacted if the Company is not successful in introducing new products. In order to generate future revenues and profits, the Company must continue to sell products that appeal to its customers and consumers. Specifically, there are a number of trends in consumer preferences that may impact the Company and the food industry as a whole including convenience, taste, consumer dietary trends, and obesity, health, and nutritional concerns.

In particular, consumers, public health officials, and government officials are becoming increasingly concerned about the public health consequences associated with weight management, particularly among young people. Prolonged negative perceptions concerning the health implications of certain food products could influence consumer preferences and acceptance of some of the Company’s products and marketing programs. Although the Company strives to respond to consumer preferences and social expectations, it may not be successful in these efforts. Increasing public concern regarding health issues and failure to satisfy consumer preferences could decrease demand for certain of the Company’s products and adversely affect the Company’s profitability.

 

  •  

The success of the Company’s business depends substantially on consumer perceptions of its brands.

The Company believes that maintaining and continually enhancing the value of its brands is critical to the success of its business. Brand value is based in large part on consumer perceptions. Success in promoting and enhancing brand value depends in large part on the Company’s ability to provide high-quality products. Brand value could diminish significantly as a result of a number of factors, such as if the Company fails to preserve the quality of its products, if the Company is perceived to act in an irresponsible manner, if the Company or its brands otherwise receive negative publicity, if the brands fail to deliver a consistently positive consumer experience, or if the products become unavailable to consumers. The growing use of social and digital media by consumers increases the speed and extent that information and opinions can be shared. If the Company’s brand values are diminished, the Company’s revenues and operating results could be materially adversely affected. In addition, anything that harms the Pillsbury, Carnation, Borden, or Dunkin’ Donuts brands could adversely affect the success of the Company’s exclusive licensing agreements with the owners of these brands.

 

  •  

The Company’s operations are subject to the general risks of the food industry.

The food industry is subject to risks posed by food spoilage and contamination, product tampering, product recall, and consumer product liability claims. The Company’s operations could be impacted by both genuine and fictitious claims regarding the Company’s and its competitors’

 

7

products. In the event of product contamination or tampering, the Company may need to recall some of its products. A widespread product recall could result in significant loss due to the cost of conducting a product recall, including destruction of inventory and the loss of sales resulting from the unavailability of product for a period of time. The Company could also suffer losses from a significant product liability judgment against it. A significant product recall or a product liability judgment, involving either the Company or its competitors, could also result in a loss of consumer confidence in the Company’s food products or the food category, and an actual or perceived loss of value of the Company’s brands, materially impacting consumer demand.

 

  •  

The Company could be subject to adverse publicity or claims from consumers.

Certain of the Company’s products contain caffeine and other ingredients, the health effects of which are the subject of increasing public scrutiny, including the suggestion that consumption may have adverse health effects. An unfavorable report on the health effects of caffeine or other ingredients present in the Company’s products, product recalls, or negative publicity or litigation arising from other health risks could significantly reduce the demand for the Company’s products.

The Company may also be subject to complaints from or litigation by consumers who allege food and beverage-related illness, or other quality, health, or operational concerns. Adverse publicity resulting from such allegations could materially adversely affect the Company, regardless of whether such allegations are true or whether the Company is ultimately held liable. A lawsuit or claim could result in an adverse decision against the Company, which could have a material adverse effect on its business, financial condition, and results of operations.

 

  •  

The Company may be unable to grow market share of its products.

The Company operates in the competitive food industry whose growth potential is generally correlated to population growth. The Company’s success depends in part on its ability to grow its brands faster than the population in general. The Company considers its ability to build and sustain the equity of its brands critical to its market share growth. If the Company does not succeed in these efforts, its market share growth may slow, which could have a material impact on its results of operations.

 

  •  

The Company’s proprietary brands, packaging designs, and manufacturing methods are essential to the value of its business and the inability to protect these could harm the value of its brands and adversely affect the Company’s sales and profitability.

The success of the Company’s business depends significantly on its brands, know-how, and other intellectual property. The Company relies on a combination of trademarks, service marks, trade secrets, patents, copyrights, and similar rights to protect its intellectual property. The success of the Company’s growth strategy depends on its continued ability to use its existing trademarks and service marks in order to maintain and increase brand awareness and further develop its brand. If the Company’s efforts to protect its intellectual property are not adequate, or if any third party misappropriates or infringes on its intellectual property, the value of the Company’s brand may be harmed, which could have a material adverse effect on its business. From time to time, the Company is engaged in litigation to protect its intellectual property, which could result in substantial costs to the Company as well as diversion of management attention.

In particular, the Company considers its proprietary coffee roasting methods essential to the consistent flavor and richness of its coffee products and, therefore, essential to its coffee brands. Because many of the roasting methods used by the Company are not protected by patents, it may be difficult for the Company to prevent competitors from copying its roasting methods if such methods become known. The Company also believes that its packaging innovations, such as brick packaging technology and its AromaSealTM canisters, are important to the coffee business’ marketing and operational efforts. If the Company’s competitors copy its roasting or packaging methods or develop more advanced roasting or packaging methods, the value of the Company’s coffee brands may be diminished, and the Company could lose customers to its competitors.

 

8

  •  

The Company uses a single national broker to represent a significant portion of the Company’s branded products to the retail grocery trade and any failure by the broker to effectively represent the Company could adversely affect the Company’s business.

The Company uses a single national broker to represent a significant portion of branded products to the retail grocery trade. The Company’s business would suffer substantial disruption if this broker were to default in the performance of its obligations to perform brokerage services or if this broker fails to effectively represent the Company to the retail grocery trade, which could adversely affect the Company’s business.

 

  •  

Changes in the Company’s relationships with significant customers, including the loss of the Company’s largest customer, or the consolidation of retail customers could adversely affect the Company.

Sales to Wal-Mart Stores, Inc. and its subsidiaries amounted to approximately 26 percent of the Company’s net sales in 2012. These sales are primarily included in the two U.S. retail market segments. Trade receivables at April 30, 2012, included amounts due from Wal-Mart Stores, Inc. and its subsidiaries of approximately $84.1 million. During 2012, the Company’s top 10 customers, collectively, accounted for approximately 60 percent of consolidated net sales. The Company expects that a significant portion of its revenues will continue to be derived from a small number of customers. In particular, retail customers, such as supermarkets, warehouse clubs, and food distributors, continue to consolidate, resulting in fewer customers on which the Company can rely for business. Consolidation also produces large, more sophisticated retail customers that can resist price increases and demand lower pricing, increased promotional programs, or specifically tailored products. The Company’s customers are generally not contractually obligated to purchase from the Company. These customers make purchase decisions based on a combination of price, product quality, consumer demand, customer service performance, their desired inventory levels, and other factors. Changes in customers’ strategies, including a reduction in the number of brands they carry or a shift of shelf space to private label products, may adversely affect sales. Customers also may respond to price increases by reducing distribution, resulting in reduced sales of the Company’s products. Additionally, the Company’s customers may face financial or other difficulties that may impact their operations and their purchases from the Company, which could adversely affect results of operations. If sales of products to one or more major customers are reduced, this reduction could have a material adverse effect on the Company’s business, financial condition, and results of operations.

 

  •  

Loss or interruption of supply from single-source suppliers of raw materials and finished goods could have a disruptive effect on the Company’s business and adversely affect its results of operations.

The Company has elected to source certain raw materials, such as packaging for its most popular Folgers coffee products, as well as its Jif peanut butter and Crisco oil products, and finished goods, such as K-Cups, from single sources of supply. While the Company believes that, except as set forth below, alternative sources of these raw materials and finished goods could be obtained on commercially reasonable terms, loss or an extended interruption in supplies from a single-source supplier would result in additional costs, could have a disruptive short-term effect on the Company’s business, and could adversely affect its results of operations.

Green Mountain is the Company’s single-source supplier for K-Cups which are used in Green Mountain’s proprietary Keurig® K-Cup brewing system. There are a limited number of manufacturers other than Green Mountain that are making cups that will work in such proprietary brewing system. If Green Mountain is unable to supply K-Cups to the Company for any reason, it could be difficult for the Company to find an alternative supplier for such goods on commercially reasonable terms, which could have a material adverse effect on the Company’s results of operations.

 

9

  •  

The results of the Company may be adversely impacted as a result of increased cost, limited availability, and/or insufficient quality of raw materials, including commodities and agricultural products.

The Company and its business partners purchase and use large quantities of many different commodities and agricultural products in the manufacturing of the Company’s products including green coffee, peanuts, sweeteners, edible oils, fruit, wheat, milk, and cocoa. In addition, the Company and its business partners utilize significant quantities of plastic, glass, and cardboard to package the Company’s products and natural gas and fuel oil to manufacture, package, and distribute the Company’s products. The prices of these commodities, agricultural products, and other materials are subject to volatility and can fluctuate due to conditions that are difficult to predict, including global supply and demand, commodity market fluctuations, crop sizes and yield fluctuations, weather, natural disasters, currency fluctuations, speculative influences, trade agreements, political unrest, consumer demand, and changes in governmental agricultural programs. For example, during 2012, costs to acquire peanuts increased, in part, due to adverse weather conditions. Although the Company utilizes forward contracts and commodity futures and option contracts to manage commodity price volatility in some instances, commodity price increases ultimately result in corresponding increases in the Company’s raw material and energy costs.

In addition, the price of green coffee has been subject to significant volatility over the last two years. In early May 2011, green coffee commodity prices reached a 34-year high at a level approximately 50 percent higher than they were eight months earlier and over 125 percent higher than they were a year earlier. The Company expects the green coffee commodity market to continue to be challenging. Due to the significance of green coffee to the Company's coffee business, combined with the Company's ability to only partially mitigate future price risk through purchasing practices and hedging activities, significant increases or decreases in the cost of green coffee could have an adverse impact on the Company's profitability. In addition, if the Company is not able to purchase sufficient quantities of green coffee due to any of the above factors or to a worldwide or regional shortage, the Company may not be able to fulfill the demand for its coffee, which could have a material adverse effect on the Company’s business, financial condition, and results of operations.

 

  •  

The Company may be limited in its ability to pass cost increases on to its customers in the form of price increases or may realize a decrease in sales volume to the extent price increases are implemented.

The Company may not be able to pass some or all of any increases in the price of raw materials, energy, and other input costs to its customers by raising prices. To the extent competitors do not also increase their prices, customers and consumers may choose to purchase competing products or may shift purchases to private label or other lower-priced offerings which may adversely affect the Company’s results of operations.

Consumers may be less willing or able to pay a price differential for the Company’s branded products, and may increasingly purchase lower-priced offerings and may forego some purchases altogether, especially during economic downturns. Retailers may also increase levels of promotional activity for lower-priced offerings as they seek to maintain sales volumes during times of economic uncertainty. Accordingly, sales volumes of the Company’s branded products could be reduced or lead to a shift in sales mix toward its lower-margin offerings. As a result, decreased demand for the Company’s products may adversely affect its results of operations.

 

  •  

The Company's efforts to manage commodity and other price volatility through derivative instruments could adversely affect its results of operations and financial condition.

 

10

The Company uses derivative instruments, including commodity futures and options, to reduce the price volatility associated with anticipated commodity purchases. The extent of the Company’s derivative position at any given time depends on the Company’s assessment of the markets for these commodities. If the Company fails to take a derivative position and costs subsequently increase, or if it institutes a position and costs subsequently decrease, the Company’s costs may be greater than anticipated or higher than its competitors’ costs and financial results could be adversely affected. In addition, the Company’s liquidity may be adversely impacted by the cash margin requirements of the commodities exchanges or the failure of a counterparty to perform in accordance with a contract.

 

  •  

The results of the Company may be adversely impacted by growth in alternative energy markets.

The Company competes for certain raw materials, notably corn and soy-based agricultural products, with the emerging bio-fuels industry. Growth in the bio-fuels industry, which is typically linked to increases in gasoline and diesel prices, may limit the supply of certain raw materials available to the Company. Additionally, farm acreage currently devoted to other agricultural products utilized by the Company may be converted to corn or soy resulting in higher cost for other agricultural products utilized by the Company.

 

  •  

Certain of the Company’s products are sourced from single manufacturing sites.

The Company has consolidated its production capacity for certain products, including substantially all the Company’s coffee production, into single manufacturing sites. In addition, the Company is proceeding with plans to further consolidate its fruit spreads, syrups, and toppings production as part of its current restructuring project. The Company could experience a production disruption at these or any of its manufacturing sites resulting in a reduction or elimination of the availability of some of the Company’s products. If the Company is not able to obtain alternate production capability in a timely manner, the Company’s business, financial condition, and results of operations could be adversely affected.

 

  •  

A significant interruption in the operation of any of the Company’s supply chain or distribution capabilities could have an adverse effect on the Company’s business, financial condition, and results of operations.

The ability of the Company and its third-party suppliers and service providers, distributors, and contract manufacturers to manufacture, distribute, and sell products is critical to the Company’s success. A significant interruption in the operation of any of the Company’s manufacturing or distribution capabilities, or the manufacturing or distribution capabilities of the Company’s suppliers, distributors, or contract manufacturers, or a service failure by a third-party service provider, whether as a result of adverse weather conditions or a natural disaster, terrorism, pandemic illness, or other causes, could significantly impair the Company’s ability to operate its business. Notably, as a result of the Company’s current restructuring project, substantially all of the Company’s coffee production takes place in New Orleans, Louisiana, which is subject to risks associated with hurricane and other weather-related events. Following Hurricane Katrina in August 2005, production at the New Orleans, Louisiana, facility was interrupted for approximately two months, resulting in a significant decline in coffee revenues for several months. Failure to take adequate steps to mitigate the likelihood or potential impact of such events, or to effectively manage such events if they occur, could adversely affect the Company’s business, financial condition, and results of operations.

 

  •  

The Company’s business could be harmed by strikes or work stoppages.

As of April 30, 2012, approximately 28 percent of the Company’s employees, located at 11 facilities, are covered by collective bargaining agreements. These contracts vary in term depending on location. The Company cannot assure that it will be able to renew these collective

 

11

bargaining agreements on the same or more favorable terms as the current agreements, or at all, without production interruptions caused by labor stoppages. If a strike or work stoppage were to occur in connection with negotiations of new collective bargaining agreements or as a result of disputes under collective bargaining agreements with labor unions, the Company’s business, financial condition, and results of operations could be materially adversely affected.

 

  •  

Increases in logistics and other transportation-related costs could adversely impact the Company’s results of operations. The Company’s ability to competitively serve customers depends on the availability of reliable transportation.

Logistics and other transportation-related costs have a significant impact on the Company’s earnings and results of operations. The Company uses multiple forms of transportation to bring the Company’s products to market. They include ships, trucks, intermodals, and railcars. Disruption to the timely supply of these services or increases in the cost of these services for any reason, including availability or cost of fuel, regulations affecting the industry, labor shortages in the transportation industry, service failures by third-party service providers, accidents, or natural disasters (which may impact the transportation infrastructure or demand for transportation services), could have an adverse effect on the Company’s ability to serve its customers, and could have a material adverse effect on its business, financial condition, and results of operations.

 

  •  

The Company may not achieve cost savings anticipated as a result of its restructuring initiatives.

The Company has periodically commenced restructuring initiatives with the expectation of realizing future benefits including operational efficiencies or cost savings. The future benefits the Company expects from restructuring initiatives may not be realized during the time period expected, or at all, due to unforeseen or changing business conditions. In addition, costs incurred to realize the future benefits may be higher than anticipated and the Company’s results of operations could be adversely affected.

 

  •  

The Company’s operations are subject to the general risks associated with acquisitions.

The Company’s stated long-term strategy is to own and market leading North American food brands sold in the center of the store while maintaining a global perspective. The Company has historically made strategic acquisitions of brands and businesses and intends to do so in the future in support of this strategy. If the Company is unable to complete acquisitions or to successfully integrate and develop acquired businesses, including the acquired Sara Lee foodservice business and Rowland Coffee, the Company could fail to achieve anticipated synergies and cost savings, including the expected increases in revenues and operating results, any of which could have a material adverse effect on the Company’s financial results. Additional potential risks associated with acquisitions are the diversion of management’s attention from other business concerns, additional debt leverage, the loss of key employees and customers of the acquired business, the assumption of unknown liabilities, disputes with sellers, and the inherent risk associated with the Company entering a line of business in which it has no or limited prior experience.

 

  •  

A material impairment in the carrying value of acquired goodwill or other intangible assets could negatively affect the Company’s consolidated operating results and net worth.

A significant portion of the Company’s assets is goodwill and other intangible assets, the majority of which are not amortized but are reviewed at least annually for impairment. At April 30, 2012, the carrying value of goodwill and other intangible assets totaled approximately $6.2 billion, compared to total assets of approximately $9.1 billion and total shareholders’ equity of approximately $5.2 billion. If the carrying value of these assets exceeds the current estimated fair value, the asset is considered impaired and this could result in a noncash charge to earnings. Any such impairment charge would reduce earnings and could be material. Events and conditions that could result in impairment include a sustained drop in the market price of the Company’s common shares, increased competition or loss of market share, obsolescence, or product claims that result in a significant loss of sales or profitability over the product life.

 

12

  •  

The results of the Company may be adversely impacted as a result of changes in defined benefit pension and other postretirement plan factors or regulations.

The Company has defined benefit pension plans covering certain of its U.S. and Canadian employees. In addition to the defined benefit pension plans, the Company sponsors several unfunded, defined postretirement plans. The Company’s obligations and expense associated with these plans are recorded in the Company’s financial statements based on assumptions related to inflation, investment returns, mortality, employee turnover, rate of compensation increases, medical costs, and discount rates. Changes in regulations governing these plans, changes in plan assumptions, and differences between assumed and actual investment returns and interest rates can cause volatility in recorded assets, liabilities, expenses, and future funding requirements.

 

  •  

Changes in tax, environmental, or other regulations and laws, or their application, or failure to comply with existing licensing, trade, and other regulations and laws could have a material adverse effect on the Company’s financial condition.

The Company’s operations are subject to various regulations and laws administered by federal, state, and local government agencies in the U.S., as well as to regulations and laws administered by government agencies in Canada and other countries in which the Company has operations and the Company’s products are sold.

The manufacturing, marketing, packaging, labeling, and distribution of food products are each subject to governmental regulation that is increasingly extensive, encompassing such matters as ingredients, packaging, advertising, relations with distributors and retailers, health, safety, and the environment. Additionally, the Company is routinely subject to new or modified tax and securities regulations, other laws and regulations, and accounting and reporting standards.

In the U.S., the Company is required to comply with federal laws, such as the Food, Drug and Cosmetic Act, the Occupational Safety and Health Act, the Clean Air Act, the Clean Water Act, the Resource Conservation and Recovery Act, laws governing equal employment opportunity, and various other federal statutes and regulations. The Company is also subject to various state and local statutes and regulations. For instance, the California Safe Drinking Water and Toxic Enforcement Act of 1986 (commonly referred to as "Proposition 65") requires that a specific warning appear on any product sold in the State of California that contains a substance listed by that state as having been found to cause cancer or birth defects. This law exposes all food and beverage producers to the possibility of having to provide warnings on their products. The detection of even a trace amount of a listed substance can subject an affected product to the requirement of a warning label. Products containing listed substances that occur naturally or that are contributed to such products solely by a municipal water supply are generally exempt from the warning requirement. If the Company is required to add warning labels to any of its products or place warnings in certain locations where its products are sold as a result of Proposition 65, sales of those products could suffer not only in those locations but elsewhere.

Complying with new regulations and laws, or changes to existing regulations and laws, or their application could increase the Company's production costs or adversely affect the Company's sales of certain products. In addition, the Company’s failure or inability to comply with applicable regulations and laws could subject the Company to civil remedies, including fines, injunctions, recalls or seizures, as well as potential criminal sanctions, which could have a material adverse effect on the Company’s business and financial condition.

 

13

  •  

The Company’s operations in certain developing markets expose it to regulatory risks.

In many countries outside of the U.S., particularly in those with developing economies, it may be common for others to engage in business practices prohibited by laws and regulations applicable to the Company, such as the U.S. Foreign Corrupt Practices Act or similar local anti-bribery or anti-corruption laws. These laws generally prohibit companies and their employees, contractors, or agents from making improper payments to government officials for the purpose of obtaining or retaining business. Failure to comply with these laws could subject the Company to civil and criminal penalties that could have a material adverse effect on its financial condition and results of operations.

 

  •  

Changes in climate or legal, regulatory, or market measures to address climate change may negatively affect the Company’s business and operations.

While scientific consensus on the existence, potential causes, or likely outcomes of global climate change has not yet been reached, researchers continue to aggressively explore this issue. However, there already exists significant political and scientific concern that emissions of carbon dioxide and other greenhouse gases may alter the composition of the global atmosphere in ways that are affecting and are expected to continue affecting the global climate. The emission of such greenhouse gases may have an adverse impact on global temperatures, weather patterns, and the frequency and severity of extreme weather and natural disasters. In the event that climate change may have a negative effect on agricultural productivity, the Company may be subject to decreased availability or less favorable pricing for certain commodities that are necessary for its products, such as green coffee, peanuts, sweeteners, edible oils, wheat, milk, cocoa, and various fruits and vegetables. The Company may also be subjected to decreased availability or less favorable pricing for water as a result of such change, which could impact its manufacturing and distribution operations. In addition, natural disasters and extreme weather conditions may disrupt the productivity of facilities or the operation of the Company’s supply chain.

Increasing concern over climate change also may result in more regulatory requirements to reduce or mitigate the effects of greenhouse gases. In the event that such regulations are enacted and are more rigorous than existing regulations, the Company may experience significant increases in costs of operation and delivery. In particular, increased regulation of utility providers, fuel emissions, or suppliers could substantially increase the Company’s operating, distribution, or supply chain costs. The Company could also face increased costs related to defending and resolving legal claims and other litigation related to climate change. As a result, climate change could negatively affect the Company’s results of operations, cash flows, or financial position.

 

  •  

If the Company’s information technology systems fail to perform adequately or the Company is unable to protect such information technology systems against data corruption, cyber-based attacks, or network security breaches, the Company’s operations could be disrupted.

The Company relies on information technology networks and systems, including the Internet, to process, transmit, and store electronic information. In particular, the Company depends on its information technology infrastructure to effectively manage its business data, supply chain, logistics, accounting, and other business processes and for digital marketing activities and electronic communications between Company personnel and its customers and suppliers. If the Company does not allocate and effectively manage the resources necessary to build and sustain an appropriate technology infrastructure, the Company’s business or financial results could be negatively impacted. In addition, security breaches or system failures of this infrastructure can create system disruptions, shutdowns, or unauthorized disclosure of confidential information. If the Company is unable to prevent such breaches or failures, its operations could be disrupted, or it may suffer financial damage or loss because of lost or misappropriated information.

In addition, the Company has outsourced certain information technology support services and administrative functions, such as accounts payable processing and benefit plan administration, to

 

14

third-party service providers, and may outsource other functions in the future to achieve cost savings and efficiencies. If the service providers to which the Company outsources these functions do not perform effectively, the Company may not be able to achieve the expected cost savings and may have to incur additional costs in connection with such failure to perform. Depending on the function involved, such failures may also lead to business disruption, processing inefficiencies, the loss of or damage to intellectual property through security breach, the loss of sensitive data through security breach, or otherwise.

 

  •  

Disruptions in the financial markets may adversely affect the Company’s ability to access capital in the future.

The Company may need new or additional financing in the future to conduct its operations, expand its business, or refinance existing indebtedness. Disruptions in global financial markets and banking systems may make credit and capital markets more difficult for companies to access, even for some companies with established revolving or other credit facilities. Any sustained weakness in the general economic conditions and/or financial markets in the U.S. or globally could adversely affect the Company’s ability to raise capital on favorable terms or at all. From time to time, the Company has relied, and also may rely in the future, on access to financial markets as a source of liquidity for working capital requirements, acquisitions, and general corporate purposes. The Company’s access to funds under its revolving credit facility is dependent on the ability of the financial institutions that are parties to that facility to meet their funding commitments. The obligations of the financial institutions under the Company’s revolving credit facility are several and not joint and, as a result, a funding default by one or more institutions does not need to be made up by the others. Long-term volatility and disruptions in the capital and credit markets as a result of uncertainty, changing or increased regulation of financial institutions, reduced alternatives, or failure of significant financial institutions could adversely affect the Company’s access to the liquidity needed for its businesses in the longer term. Such disruptions could require the Company to take measures to conserve cash until the markets stabilize or until alternative credit arrangements or other funding for its business needs can be arranged. Disruptions in the capital and credit markets could result in higher interest rates on publicly issued debt securities and increased costs under credit facilities. Continuation of these disruptions would increase the Company’s interest expense and capital costs and could adversely affect its results of operations and financial position.

 

15

Item 1B. Unresolved Staff Comments.

None.

 

Item 2. Properties.

The table below lists all of the Company's manufacturing and processing facilities at April 30, 2012. All of the Company's properties are maintained and updated on a regular basis, and the Company continues to make investments for expansion, and safety and technological improvements. The Company believes that existing capacity at these facilities is sufficient to sustain current operations and anticipated near-term growth.

The Company owns all of the properties listed below, except for one of the properties in New Orleans, Louisiana, and the property in Harahan, Louisiana,(A) which are leased. The Company also leases six sales and administrative offices in the U.S., and one each in Canada, Mexico, and China. The Company’s corporate headquarters are located in Orrville, Ohio, and the Company’s Canadian headquarters are located in Markham, Ontario.

 

U.S. Locations    Products Produced/Processed   Primary Reportable Segment
Chico, California    Fruit and vegetable juices and beverages   International, Foodservice, and Natural Foods
Cincinnati, Ohio    Shortening and oils   U.S. Retail Consumer Foods
El Paso, Texas    Canned milk   U.S. Retail Consumer Foods
Grandview, Washington    Fruit   U.S. Retail Consumer Foods
Harahan, Louisiana    Coffee   International, Foodservice, and Natural Foods
Havre de Grace, Maryland    Fruit and vegetable juices and beverages   International, Foodservice, and Natural Foods
Kansas City, Missouri (B)    None   U.S. Retail Coffee
Lexington, Kentucky    Peanut butter   U.S. Retail Consumer Foods
Memphis, Tennessee (C)    Fruit spreads, toppings, and syrups   U.S. Retail Consumer Foods
Miami, Florida (D)    Coffee   U.S. Retail Coffee
New Bethlehem, Pennsylvania    Peanut butter and combination peanut butter and jelly products   U.S. Retail Consumer Foods
New Orleans, Louisiana (two facilities)    Coffee   U.S. Retail Coffee
Orrville, Ohio    Fruit spreads, toppings, and syrups   U.S. Retail Consumer Foods
Oxnard, California    Fruit   U.S. Retail Consumer Foods
Ripon, Wisconsin    Fruit spreads, toppings, syrups, and condiments   U.S. Retail Consumer Foods
Scottsville, Kentucky    Frozen sandwiches and ready-to-eat waffles   International, Foodservice, and Natural Foods
Seneca, Missouri    Canned milk   U.S. Retail Consumer Foods
Suffolk, Virginia    Coffee   International, Foodservice, and Natural Foods
Toledo, Ohio    Baking mixes, frostings, and flour   U.S. Retail Consumer Foods
Canada Locations    Products Produced/Processed   Primary Reportable Segment
Delhi Township, Ontario (B)    None   International, Foodservice, and Natural Foods
Dunnville, Ontario (B)    None   International, Foodservice, and Natural Foods
Sherbrooke, Quebec    Canned milk   International, Foodservice, and Natural Foods
Ste. Marie, Quebec (C)    Fruit spreads, sweet spreads, and fruit industrial products   International, Foodservice, and Natural Foods

 

(A) The Company leases the land, but owns the buildings, at one of the New Orleans, Louisiana, facilities. The Company leases the Harahan, Louisiana facility.
(B) These properties are still owned by the Company. However, production ceased at these locations prior to April 30, 2012, in connection with the Company’s restructuring plans as described in the Company's 2012 Annual Report to Shareholders on pages 52 and 53 under “Note 4: Restructuring.”
(C) These locations are currently expected to close as part of the Company’s restructuring plans as described in the Company's 2012 Annual Report to Shareholders on pages 52 and 53 under “Note 4: Restructuring.”
(D) The Miami, Florida, location is expected to close as a result of the Company’s plan to consolidate coffee production currently in Miami into the Company’s existing facilities in New Orleans, Louisiana, as described in the Company’s 2012 Annual Report to Shareholders on pages 50 through 52 under “Note 2: Acquisitions.”

 

16

Item 3. Legal Proceedings.

The Company is a defendant in a variety of legal proceedings. While the Company cannot predict with certainty the ultimate results of these proceedings, the Company does not believe that the final outcome of these proceedings will have a material adverse affect on the Company’s financial position, results of operations, or cash flows.

 

Item 4. Mine Safety Disclosures.

Not applicable.

Executive Officers of the Registrant.

The names, ages as of July 1, 2012, and current positions of the executive officers of the Company are listed below. All executive officers serve at the pleasure of the Board of Directors, with no fixed term of office. Unless otherwise indicated, each individual has served as an executive officer of the Company for more than five years.

 

Name    Age    Years
with
Company		    Position    Served as an
Officer Since

Timothy P. Smucker

    68    43    Chairman of the Board (1)    1973

Richard K. Smucker

    64    39    Chief Executive Officer (2)    1974

Dennis J. Armstrong

    57    33    Senior Vice President, Logistics and Operations Support (3)    2007

Mark R. Belgya

    51    27    Senior Vice President and Chief Financial Officer (4)    1997

James A. Brown

    51    27    Vice President, U.S. Grocery Sales (5)    2009

Vincent C. Byrd

    57    35    President and Chief Operating Officer (6)    1988

John W. Denman

    55    33    Vice President and Controller    2005

Barry C. Dunaway

    49    25    Senior Vice President and Chief Administrative Officer (7)    2001

Tamara J. Fynan

    52    23    Vice President, Marketing Services (8)    2012

Jeannette L. Knudsen

    42    9    Vice President, General Counsel and Corporate Secretary (9)    2009

David J. Lemmon

    45    18    Vice President and Managing Director, Canada (10)    2012

John F. Mayer

    56    32    Vice President, U.S. Retail Sales (11)    2004

Kenneth A. Miller

    63    32    Vice President and General Manager, Foodservice (12)    2007

Steven Oakland

    51    29    President, International, Foodservice, and Natural Foods (13)    1999

Andrew G. Platt

    56    29    Vice President, Information Services and Chief Information Officer    2004

Christopher P. Resweber

    50    24    Senior Vice President, Corporate Communications and Public Affairs (14)    2004

Julia L. Sabin

    52    28    Vice President, Industry and Government Affairs (15)    2007

Mark T. Smucker

    42    14    President, U.S. Retail Coffee (16)    2001

Paul Smucker Wagstaff

    42    16    President, U.S. Retail Consumer Foods (17)    2001

Albert W. Yeagley

    65    38    Vice President, Industry and Government Affairs (18)    2007

 

(1) 

Mr. Timothy Smucker was elected to his present position in March 2011, effective as of August 16, 2011, having served as Chairman of the Board and Co-Chief Executive Officer since February 2001.

(2) 

Mr. Richard Smucker was elected to his present position in March 2011, effective as of August 16, 2011, having served as Executive Chairman, Co-Chief Executive Officer and President since August 2008. Prior to that time, he served as President and Co-Chief Executive Officer since February 2001.

(3) 

Mr. Armstrong was elected to his present position in October 2009, having served as Vice President, Logistics and Operations Support since February 2007.

 

17

(4) 

Mr. Belgya was elected to his present position in October 2009, having served as Vice President and Chief Financial Officer since October 2008. Prior to that time, he served as Vice President, Chief Financial Officer and Treasurer since January 2005.

(5) 

Mr. Brown was elected to his present position in April 2009, effective as of June 30, 2009, having served as Director, National Sales, Grocery Market since February 2002.

(6) 

Mr. Byrd was elected to his present position in March 2011, effective as of May 1, 2011, having served as President, U.S. Retail Coffee since August 2008. Prior to that time, he served as Senior Vice President, Consumer Market since February 2004.

(7) 

Mr. Dunaway was elected to his present position in March 2011, effective as of May 1, 2011, having served as Senior Vice President, Corporate and Organizational Development since August 2008. Prior to that time, he served as Vice President, Corporate Development since November 2001.

(8) 

Ms. Fynan was elected to her present position in March 2012, effective as of May 1, 2012, having served as Vice President, Advertising and Creative Services since November 2009. Prior to that time, she served as Director, Advertising and Creative Services since April 2006.

(9) 

Ms. Knudsen was elected to her present position in August 2010, having served as Vice President, Deputy General Counsel and Corporate Secretary since April 2010, and as Corporate Secretary since April 2009. Prior to that time, she served as Securities and Acquisition Counsel and Assistant Secretary since November 2007.

(10) 

Mr. Lemmon was elected to his present position in March 2012, effective as of May 1, 2012, having served as Managing Director, Canada since May 2007.

(11) 

Mr. Mayer was elected to his present position in April 2009, effective as of June 30, 2009, having served as Vice President, Customer Development since August 2004.

(12) 

Mr. Miller was elected to his present position in August 2011, having served as Vice President, Alternate Channels since February 2007.

(13) 

Mr. Oakland was elected to his present position in March 2011, effective as of May 1, 2011, having served as President, U.S. Retail – Smucker’s, Jif and Hungry Jack since August 2008. Prior to that time, he served as Vice President and General Manager, Consumer Oils and Baking since November 2001.

(14) 

Mr. Resweber was elected to his present position in March 2012, effective as of May 1, 2012, having served as Vice President, Marketing Communications since July 2009 and as Vice President, Marketing Services since August 2004.

(15) 

Ms. Sabin was elected to her present position in March 2012, effective as of June 1, 2012, having served as Vice President and General Manager, Smucker Natural Foods, Inc. since February 2009 and Vice President and General Manager, Smucker Quality Beverages, Inc. since February 2007.

(16) 

Mr. Mark Smucker was elected to his present position in March 2011, effective as of May 1, 2011, having served as President, Special Markets since August 2008. Prior to that time, he served as Vice President, International since July 2007 and Vice President and Managing Director, Canada since May 2006.

(17) 

Mr. Wagstaff was elected to his present position in March 2011, effective as of May 1, 2011, having served as President, U.S. Retail – Oils and Baking since August 2008. Prior to that time, he served as Vice President, Foodservice and Beverage Markets since May 2006.

 

18

(18) 

Mr. Yeagley announced his retirement from his present position in March 2012, effective as of December 31, 2012, after having served as Vice President, Industry and Government Affairs since January 2009. Prior to that time, he served as Vice President, Quality Assurance since February 2007.

 

19

PART II

 

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

(a) The information pertaining to the market for the Company's common shares and other related shareholder information is incorporated herein by reference to the information set forth in the Company's 2012 Annual Report to Shareholders under the caption “Stock Price Data” on page 22 and the caption “Comparison of Five-Year Cumulative Total Shareholder Return” on page 23.

(b) Not applicable.

(c) Issuer Purchases of Equity Securities

 

Period

    (a)      (b)      (c)      (d)  
     Total number of
shares purchased		      Average
price
paid per
share		      Total number of
shares purchased
as part of publicly
announced plans
or programs		      Maximum number (or
approximate dollar
value) of shares that
may yet be
purchased under the
plans or programs		  

February 1, 2012 - February 29, 2012

      1,237,200       $ 74.11         1,237,200         5,707,100   

March 1, 2012 - March 31, 2012

      1,763,009         75.75         1,762,800         3,944,300   

April 1, 2012 - April 30, 2012

      0         0         0         3,944,300   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

      3,000,209       $ 75.08         3,000,000         3,944,300   
  

 

 

     

 

 

     

 

 

     

 

 

  

Information set forth in the table above represents activity in the Company’s fourth fiscal quarter.

 

(a) Shares in this column include shares repurchased as part of publicly announced plans as well as shares repurchased from stock plan recipients in lieu of cash payments.
(c) During the fourth quarter, the Company repurchased 3,000,000 common shares under the Company’s share repurchase plan established in February 2012 in accordance with Rule 10b5-1 of the Exchange Act, completing the purchase of shares under the plan.
(d) At April 30, 2012, the Company had 3,944,300 common shares remaining for repurchase under its January 2012 Board of Directors’ authorization. From May 1, 2012 through June 18, 2012, no additional common shares were repurchased by the Company.

 

Item 6. Selected Financial Data.

Five-year summaries of selected financial data for the Company and discussions of items which materially affect the comparability of the selected financial data are incorporated herein by reference to the information set forth in the Company's 2012 Annual Report to Shareholders under the following captions and page numbers: “Five-Year Summary of Selected Financial Data” on page 21, “Note 1: Accounting Policies” on pages 46 through 50, “Note 2: Acquisitions” on pages 50 through 52, and “Note 4: Restructuring” on pages 52 and 53.

 

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.

Management's discussion and analysis of financial condition and results of operations, including a discussion of liquidity and capital resources, and critical accounting estimates and policies, is incorporated herein by reference to the information set forth in the Company's 2012 Annual Report to Shareholders under the caption “Management’s Discussion and Analysis,” on pages 24 through 36.

 

20

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

Quantitative and qualitative disclosures about market risk are incorporated herein by reference to the information set forth in the Company’s 2012 Annual Report to Shareholders under the caption “Derivative Financial Instruments and Market Risk” on pages 34 through 36.

 

Item 8. Financial Statements and Supplementary Data.

Consolidated financial statements of the Company at April 30, 2012 and 2011, and for each of the years in the three-year period ended April 30, 2012, with the report of independent registered public accounting firm and selected unaudited quarterly financial data, are incorporated herein by reference to the information set forth in the Company's 2012 Annual Report to Shareholders under the caption “Summary of Quarterly Results of Operations” on page 22 and beginning with “Report of Management on Internal Control Over Financial Reporting” on page 37 through “Note 17: Common Shares” on page 81.

 

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

None.

 

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures. The Company’s management, including the Company’s principal executive officer and principal financial officer, evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the Exchange Act), as of April 30, 2012 (the “Evaluation Date”). Based on that evaluation, the Company’s principal executive officer and principal financial officer have concluded that, as of the Evaluation Date, the Company’s disclosure controls and procedures were effective in ensuring that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is (1) recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and (2) accumulated and communicated to the Company’s management, including the chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Controls. In connection with the acquisition of the Sara Lee foodservice business, the Company entered into a Transition Services Agreement (“TSA”) with Sara Lee Corporation to facilitate the transition of the acquired Sara Lee foodservice business to the Company. Under the TSA, Sara Lee Corporation has provided and will continue to provide, on a fee-for-service basis, specified services for a limited time following completion of the acquisition including, but not limited to: supply chain related activities, purchasing, data management, information technology services, and certain financial services and accounting. The Company has instituted controls related to the information obtained under the TSA in order to provide reasonable assurance as to the reliability of information that is used in financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Other than as previously described, there were no changes in the Company’s internal control over financial reporting that occurred during the fourth quarter ended April 30, 2012, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Management’s report on internal control over financial reporting and the attestation report of the Company’s independent registered public accounting firm are set forth in the Company’s 2012 Annual Report to Shareholders under the heading “Report of Management on Internal Control Over Financial Reporting” on page 37 and under the heading “Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting” on page 38, which reports are incorporated herein by reference.

 

21

Item 9B. Other Information.

None.

 

22

PART III

 

Item 10. Directors, Executive Officers and Corporate Governance.

The information required by this Item as to the directors of the Company, the Audit Committee, the Audit Committee financial expert, and compliance with Section 16(a) of the Exchange Act is incorporated herein by reference to the information set forth under the captions “Election of Directors,” “Corporate Governance,” “Board and Committee Meetings,” and “Ownership of Common Shares” in the Company’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on August 15, 2012. Information required by Item 10 as to the executive officers of the Company is included in Part I of this Annual Report on Form 10-K as permitted by Instruction 3 to Item 401(b) of Regulation S-K.

The Board of Directors has adopted a Policy on Ethics and Conduct, last revised January 2012, which applies to the Company’s directors, principal executive officer, principal financial officer, and principal accounting officer. The Board of Directors has adopted charters for each of the Audit, Executive Compensation, and Nominating and Corporate Governance committees and has also adopted Corporate Governance Guidelines. Copies of these documents are available on the Company’s Web site (www.smuckers.com).

 

Item 11. Executive Compensation.

The information required by this Item is incorporated by reference to the information set forth under the captions “Executive Compensation,” “Board and Committee Meetings,” and “Compensation Committee Interlocks and Insider Participation” in the Company’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on August 15, 2012.

 

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The information required by this Item is incorporated by reference to the information set forth under the captions “Ownership of Common Shares” and “Equity Compensation Plan Information” in the Company’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on August 15, 2012.

 

Item 13. Certain Relationships and Related Transactions, and Director Independence.

The information required by this Item is incorporated by reference to the information set forth under the caption “Related Party Transactions” in the Company’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on August 15, 2012.

 

Item 14. Principal Accountant Fees and Services.

The information required by this Item is incorporated by reference to the information set forth under the captions “Service Fees Paid to the Independent Registered Public Accounting Firm” and “Audit Committee Pre-approval Policies and Procedures” in the Company’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on August 15, 2012.

 

23

PART IV

 

Item 15. Exhibits and Financial Statement Schedules.

 

(a)(1)   Financial Statements
  See the Index to Financial Statements, which is included on page F-1 of this Report.
(a)(2)   Financial Statement Schedules
  Financial statement schedules are omitted because they are not applicable or because the information required is set forth in the Consolidated Financial Statements or notes thereto.
(a)(3)   Exhibits
  See the Index of Exhibits at page number 26 of this Report.

 

24

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

 

Date: June 25, 2012     The J. M. Smucker Company
   

/s/    Mark R. Belgya

    By:   Mark R. Belgya
      Senior Vice President and Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

*

     
Richard K. Smucker   Chief Executive Officer and Director (Principal Executive Officer)    June 25, 2012

/s/ Mark R. Belgya

     
Mark R. Belgya   Senior Vice President and Chief Financial Officer (Principal Financial Officer)    June 25, 2012

*

     
John W. Denman   Vice President and Controller (Principal Accounting Officer)    June 25, 2012

*

     
Timothy P. Smucker   Chairman of the Board    June 25, 2012

*

     
Vincent C. Byrd   Director    June 25, 2012

*

     
R. Douglas Cowan   Director    June 25, 2012

*

     
Kathryn W. Dindo   Director    June 25, 2012

*

     
Paul J. Dolan   Director    June 25, 2012

*

     
Nancy Lopez Knight   Director    June 25, 2012

*

     
Elizabeth Valk Long   Director    June 25, 2012

*

     
Gary A. Oatey   Director    June 25, 2012

*

     
Alex Shumate   Director    June 25, 2012

*

     
Mark T. Smucker   Director    June 25, 2012

*

     
William H. Steinbrink   Director    June 25, 2012

*

     
Paul Smucker Wagstaff   Director    June 25, 2012

 

* The undersigned, by signing her name hereto, does sign and execute this report pursuant to the powers of attorney executed by the above-named officers and directors of the registrant, which are being filed herewith with the Securities and Exchange Commission on behalf of such officers and directors.

 

Date: June 25, 2012    

/s/    Jeannette L. Knudsen

    By:   Jeannette L. Knudsen
      Attorney-in-Fact

 

25

INDEX OF EXHIBITS

 

Exhibit
No.

   

Description

  2.1    Transaction Agreement, dated June 4, 2008, by and among The Procter & Gamble Company, The Folgers Coffee Company, the Company, and Moon Merger Sub, Inc. incorporated herein by reference to the Company’s Current Report on Form 8-K filed on June 5, 2008 (Commission File 001-5111).
  2.2    Separation Agreement, dated June 4, 2008, by and among The Procter & Gamble Company, The Folgers Coffee Company, and the Company incorporated herein by reference to the Company’s Current Report on Form 8-K filed on June 5, 2008 (Commission File 001-5111).
  3.1    Amended Articles of Incorporation of The J. M. Smucker Company incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2010 (Commission File 001-5111).
  3.2    Amended Regulations of The J. M. Smucker Company, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on August 19, 2011 (Commission File 001-5111).
  4.1    Rights Agreement, dated as of May 20, 2009, by and between the Company and Computershare Trust Company, N.A., incorporated herein by reference to the Company’s Registration Statement on Form 8-A filed on May 21, 2009 (Commission File 001-5111).
  4.2    Indenture, dated as of October 18, 2011, between the Company and U.S. Bank National Association, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on October 18, 2011 (Commission File 001-5111).
  4.3    First Supplemental Indenture, dated as of October 18, 2011, among the Company, the Guarantors, and U.S. Bank National Association, incorporated by reference to the Company’s Current Report on Form 8-K filed on October 18, 2011 (Commission File 001-5111).
  4.4    Third Amended and Restated Intercreditor Agreement, dated June 11, 2010, among KeyBank National Association and Bank of Montreal, as administrative agents, and the other parties identified therein, incorporated herein by reference to the Company’s Registration Statement on Form S-3 filed on October 13, 2011.
10.1    1987 Stock Option Plan incorporated herein by reference to the Company’s Annual Report on Form 10-K for the year ended April 30, 1994 (Commission File No. 001-5111).*
10.2    Management Incentive Plan incorporated herein by reference to the Company’s Annual Report on Form 10-K for the year ended April 30, 1996 (Commission File No. 001-5111).*
10.3    Nonemployee Director Stock Plan dated January 1, 1997 incorporated herein by reference to the Company’s Annual Report on Form 10-K for the year ended April 30, 1997 (Commission File No. 001-5111).*
10.4    1998 Equity and Performance Incentive Plan (as amended and restated effective as of June 6, 2005) incorporated herein by reference to the Company’s Current Report on Form 8-K filed on June 9, 2005 (Commission File No. 001-5111).*
10.5    Form of Restricted Shares Agreement incorporated herein by reference to the Company’s Current Report on Form 8-K filed on June 9, 2005 (Commission File No. 001-5111).*

 

26

INDEX OF EXHIBITS

 

Exhibit
No.

   

Description

10.6    Form of Deferred Shares Agreement incorporated herein by reference to the Company’s Current Report on Form 8-K filed on June 9, 2005 (Commission File No. 001-5111).*
10.7    Form of Deferred Stock Units Agreement incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2010 (Commission File No. 001-5111).*
10.8    The J. M. Smucker Company Top Management Supplemental Retirement Benefit Plan, restated as of January 1, 2009, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2011 (Commission File 001-5111).*
10.9    First Amendment to The J. M. Smucker Company Top Management Supplemental Retirement Plan, dated as of April 21, 2011, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on April 25, 2011.
10.10    Amended and Restated Consulting and Noncompete Agreement of Timothy P. Smucker, dated as of December 31, 2010, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2011 (Commission File 001-5111).*
10.11    Amended and Restated Consulting and Noncompete Agreement of Richard K. Smucker, dated as of December 31, 2010, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2011 (Commission File 001-5111).*
10.12    Termination Amendment to Amended and Restated Consulting and Noncompete Agreement of Timothy P. Smucker, dated as of April 25, 2011, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on April 25, 2011.
10.13    Termination Amendment to Amended and Restated Consulting and Noncompete Agreement of Richard K. Smucker, dated as of April 25, 2011, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on April 25, 2011.
10.14    The J. M. Smucker Company Voluntary Deferred Compensation Plan, amended and restated as of January 1, 2009, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2011 (Commission File 001-5111).*
10.15    Amended and Restated 1997 Stock-Based Incentive Plan incorporated herein by reference to the Company’s Annual Report on Form 10-K for the year ended April 30, 2005 (Commission File 001-5111).*
10.16    Amended and Restated Nonemployee Director Stock Option Plan, effective August 19, 2005, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on August 24, 2005 (Commission File No. 001-5111).*
10.17    The J. M. Smucker Company 2006 Equity Compensation Plan, effective August 17, 2006, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on August 21, 2006 (Commission File 001-5111).*
10.18    Form of Restricted Stock Agreement incorporated herein by reference to the Company’s Current Report on Form 8-K filed on April 20, 2007 (Commission File No. 001-5111).*
10.19    Form of Deferred Stock Units Agreement incorporated herein by reference to the Company’s Current Report on Form 8-K filed on April 20, 2007 (Commission File 001-5111).*

 

27

INDEX OF EXHIBITS

 

Exhibit
No.

   

Description

10.20    The J. M. Smucker Company 2010 Equity and Incentive Compensation Plan, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on August 20, 2010 (Commission File No. 001-5111).*
10.21    Form of Restricted Stock Agreement incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2010 (Commission File No. 001-5111).*
10.22    Form of Deferred Stock Units Agreement incorporated herein by reference to the Company’s Current Report on Form 8-K filed on October 28, 2010 (Commission File No. 001-5111).*
10.23    Form of Restricted Stock Agreement incorporated herein by reference to the Company’s Current Report on Form 8-K filed on April 20, 2012 (Commission File 001-5111).*
10.24    Form of Deferred Stock Unit Agreement incorporated herein by reference to the Company’s Current Report on Form 8-K filed on April 20, 2012 (Commission File No. 001-5111).*
10.25    Form of Special One-Time Grant Deferred Stock Units Agreement incorporated herein by reference to the Company’s Annual Report on Form 10-K for the year ended April 30, 2009 (Commission File No. 001-5111).*
10.26    Form of Special One-ffTime Grant Restricted Stock Agreement incorporated herein by reference to the Company’s Annual Report on Form 10-K for the year ended April 30, 2009 (Commission File No. 001-5111).*
10.27    Omnibus Amendment to Restricted Stock Agreements for Folgers Employees, dated as of November 4, 2010, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2011 (Commission File No. 001-5111).*
10.28    The J. M. Smucker Company Nonemployee Director Deferred Compensation Plan (Amended and Restated Effective January 1, 2007) incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2009 (Commission File 001-5111).*
10.29    The J. M. Smucker Company Defined Contribution Supplemental Executive Retirement Plan, restated as of May 1, 2008, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended January 31, 2011 (Commission File 001-5111).*
10.30    Amended and Restated Asset Purchase and Sale Agreement, dated as of October 24, 2001, by and among General Mills, Inc., The Pillsbury Company, and International Multifoods Corporation incorporated herein by reference to International Multifoods Corporation Current Report on Form 8-K dated November 13, 2001 (Commission File No. 001-6699).
10.31    Retail Trademark License Agreement, dated November 13, 2001, between The Pillsbury Company and International Multifoods Corporation incorporated herein by reference to International Multifoods Corporation Quarterly Report on Form 10-Q for the quarter ended December 1, 2001 (Commission File No. 001-6699).
10.32    Amendment to Retail Trademark License Agreement, dated December 23, 2002, between The Pillsbury Company and International Multifoods Corporation incorporated herein by reference to International Multifoods Corporation Annual Report on Form 10-K for the year ended March 1, 2003 (Commission File No. 001-6699).

 

28

INDEX OF EXHIBITS

 

Exhibit
No.

   

Description

10.33    Closing Agreement, dated as of November 13, 2001, by and among General Mills, Inc., The Pillsbury Company, and International Multifoods Corporation, incorporated herein by reference to International Multifoods Corporation Current Report on Form 8-K dated November 13, 2001 (Commission File No. 001-6699).
10.34    Omnibus Amendment Agreement, dated as of January 16, 2003, by and among General Mills, Inc., The Pillsbury Company, International Multifoods Corporation, and Sebesta Blomberg & Associates, Inc. incorporated herein by reference to International Multifoods Corporation Current Report on Form 8-K dated January 27, 2003 (Commission File No. 001-6699).
10.35    Note Purchase Agreement, dated as of May 27, 2004, by and among the Company and each of the Purchasers signatory thereto incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2004 (Commission File 001-5111).
10.36    First Amendment, dated May 31, 2007, to Note Purchase Agreement, dated as of May 27, 2004, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2007 (Commission File 001-5111).
10.37    Second Amendment, dated October 23, 2008, to Note Purchase Agreement, dated as of May 27, 2004, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.38    Third Amendment, dated November 6, 2008, to Note Purchase Agreement, dated as of May 27, 2004, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.39    Fourth Amendment, dated June 11, 2010, to Note Purchase Agreement, dated as of May 27, 2004, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2010 (Commission File 001-5111).
10.40    Note Purchase Agreement, dated as of May 31, 2007, by and among the Company and each of the Purchasers signatory thereto, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2007 (Commission File 001-5111).
10.41    First Amendment, dated October 23, 2008, to Note Purchase Agreement, dated as of May 31, 2007, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.42    Second Amendment, dated November 6, 2008, to Note Purchase Agreement, dated as of May 31, 2007, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.43    Third Amendment, dated June 11, 2010, to Note Purchase Agreement, dated as of May 31, 2007, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2010 (Commission File 001-5111).
10.44    Note Purchase Agreement, dated as of October 23, 2008, by and among the Company and each of the Purchasers signatory thereto, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).

 

29

INDEX OF EXHIBITS

 

Exhibit
No.

   

Description

10.45    First Amendment, dated November 6, 2008, to Note Purchase Agreement, dated as of October 23, 2008, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.46    Second Amendment, dated June 11, 2010, to Note Purchase Agreement, dated as of October 23, 2008, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended July 31, 2010 (Commission File 001-5111).
10.47    Note Purchase Agreement, dated as of June 15, 2010, by and among the Company and each of the Purchasers signatory thereto, incorporated herein by reference to the Company’s Periodic Report on Form 8-K filed on June 17, 2010 (Commission File 001-5111).
10.48    Guaranty Agreement, dated November 6, 2008, by The Folgers Coffee Company in favor of the Noteholders defined therein, relating to the guaranty of the obligations of the Company under or in respect of the Note Purchase Agreement, dated as of May 27, 2004, as amended, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.49    Guaranty Agreement, dated November 6, 2008, by The Folgers Coffee Company in favor of the Noteholders defined therein, relating to the guaranty of the obligations of the Company under or in respect of the Note Purchase Agreement, dated as of May 31, 2007, as amended, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.50    Guaranty Agreement, dated November 6, 2008, by The Folgers Coffee Company in favor of the Noteholders defined therein, relating to the guaranty of the obligations of the Company under or in respect of the Note Purchase Agreement, dated as of October 23, 2008, as amended, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.51    Purchase Agreement, dated January 13, 2005, by and among International Multifoods Corporation, Multifoods Brands, Inc., Fantasia Confections, Inc., Robin Hood Multifoods Corporation, the Company, Value Creation Partners, Inc., Best Brands Corp., and IMCB Corp., incorporated herein by reference to the Company’s Annual Report on Form 10-K for the year ended April 30, 2005 (Commission File 001-5111).
10.52    Letter Agreement, dated January 24, 2005, and Amendment to Purchase Agreement, dated February 18, 2005, by and among International Multifoods Corporation, Multifoods Brands, Inc., Fantasia Confections, Inc., Smucker Foods of Canada Co. (formerly known as Robin Hood Multifoods Corporation), the Company, Value Creation Partners, Inc., Best Brands Corp., and IMCB Corp., incorporated herein by reference to the Company’s Annual Report on Form 10-K for the year ended April 30, 2005 (Commission File 001-5111).
10.53    Tax Matters Agreement between The Procter & Gamble Company, The Folgers Coffee Company, and the Company, dated November 6, 2008, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).
10.54    Intellectual Property Matters Agreement between The Procter & Gamble Company and The Folgers Coffee Company, dated November 6, 2008, incorporated herein by reference to the Company’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2008 (Commission File 001-5111).

 

30

INDEX OF EXHIBITS

 

Exhibit
No.

   

Description

  10.55    Second Amended and Restated Credit Agreement, dated as of July 29, 2011, among the Company, Smucker Foods of Canada Corp., the Lenders, the Guarantors, and Bank of Montreal, as administrative agent for the Lenders, incorporated herein by reference to the Company’s Current Report on Form 8-K filed on August 2, 2011 (Commission File 001-5111).
  12.1    Computation of Ratio of Earnings to Fixed Charges.
  13    Excerpts from 2012 Annual Report to Shareholders. Such Annual Report, except those portions thereof that are expressly incorporated herein by reference, is furnished for the information of the Commission only and is not deemed to be filed as part of this Annual Report on Form 10-K.
  21    Subsidiaries of the Registrant
  23    Consent of Independent Registered Public Accounting Firm
  24    Powers of Attorney
  31.1    Certifications of Richard K. Smucker pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended.
  31.2    Certifications of Mark R. Belgya pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended.
  32    Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of The Sarbanes-Oxley Act of 2002.
101.INS    XBRL Instance Document
101.SCH    XBRL Taxonomy Extension Schema Document
101.PRE    XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF    XBRL Taxonomy Extension Definition Linkbase Document
101.CAL    XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB    XBRL Taxonomy Extension Label Linkbase Document

 

* Management contract or compensatory plan or arrangement.

 

31

THE J. M. SMUCKER COMPANY

ANNUAL REPORT ON FORM 10-K

INDEX TO FINANCIAL STATEMENTS

 

     Annual
Report to
Shareholders		  

Data incorporated by reference to the 2012 Annual Report to Shareholders of The J. M. Smucker Company:

   

Report of Management on Internal Control Over Financial Reporting

      37   

Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting

      38   

Report of Independent Registered Public Accounting Firm on the Consolidated Financial Statements

      39   

Consolidated Balance Sheets at April 30, 2012 and 2011

      42 - 43   

For the years ended April 30, 2012, 2011, and 2010:

   

Statements of Consolidated Income

      41   

Statements of Consolidated Cash Flows

      44   

Statements of Consolidated Shareholders' Equity

      45   

Notes to Consolidated Financial Statements

      46 -81   

Financial statement schedules are omitted because they are not applicable or because the information required is set forth in the Consolidated Financial Statements or the notes thereto.

 

F-1

EX-12.1 2 d318554dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

The J.M. Smucker Company

Computation of Ratio of Earnings to Fixed Charges

(in thousands of dollars)

 

     Year Ended April 30,  
     2012     2011     2010     2009     2008  

Earnings before fixed charges:

           

Income before income taxes

      701,158        717,164        730,753        396,065        254,788   

Total fixed charges

      105,800        90,563        84,351        75,560        50,617   

Less: capitalized interest

      (5,670 )      (1,778 )      (827 )      (900 )      (505 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

      801,288        805,949        814,277        470,725        304,900   

Fixed charges:

           

Interest and other debt expense, net of capitalized interest

      81,296        69,594        65,187        62,478        42,145   

Capitalized interest

      5,670        1,778        827        900        505   

Estimated interest portion of rent expense (a)

      18,834        19,191        18,337        12,182        7,967   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

      105,800        90,563        84,351        75,560        50,617   

Ratio of earnings to fixed charges

      7.6        8.9        9.7        6.2        6.0   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense.
EX-13 3 d318554dex13.htm EX-13 EX-13

Exhibit 13

LOGO

 

2012 Annual Report

LOGO

 

Financial Highlights Year Ended April 30,

(Dollars in thousands, except per share data) 2012 2011

Net sales $ 5,525,782 $ 4,825,743

Net income and net income per common share:

Net income $ 459,744 $ 479,482

Net income per common share – assuming dilution $ 4.06 $ 4.05

Income and income per common share excluding

special project costs:(1)

Income $ 535,579 $ 555,133

Income per common share – assuming dilution $ 4.73 $ 4.69

Common shares outstanding at year end 110,284,715 114,172,122

Number of employees 4,850 4,500

Refer to “Non-GAAP Measures” located on page 32 in the “Management’s Discussion and Analysis” section for a reconciliation to the comparable GAAP financial measure.

About Our Cover

“Adams-Morgan”

©2011-2012 – Mitchell Johnson

Based in Silicon Valley, California, artist Mitchell Johnson is best known for his oil/linen paintings and his particular use of flat color and pattern. Johnson’s paintings can be found in more than 600 collections across the U.S. and have appeared in many publications and feature films.

Contents

1

 

Why We Are, Who We Are

4

 

Letter to Shareholders

8

 

U.S. Retail Coffee

12

U.S. Retail Consumer Foods

16

International, Foodservice,

and Natural Foods

20

Sustainability and Smucker

21

Financial Review

24

Management’s Discussion

and Analysis

41

Consolidated Financial Statements

46

Notes to Consolidated Financial Statements

LOGO

 

Why We Are, Who We Are.

Our Culture

A culture of dotting the i’s and crossing the t’s…

Of doing the right things and doing things right…

A culture of growth – individual and as a company.

It’s who we are. It’s because of who we are.

It’s a result of living our Basic Beliefs…

Our Commitment to Each Other. To our consumers and to our customers.

As we look to the future of unlimited possibilities, we recognize the principles that are instrumental to our success…

A culture deeply rooted in our Basic Beliefs…

Guideposts for decisions at every level…

Why we are who we are.

A culture that encourages commitment to each other…

Clear communication and collaboration…

Vision…A culture of appreciation.

A family-sense of sharing in a job well done…

Where every person makes a difference.

The J. M. Smucker Company 2012 Annual Repor t 1

LOGO

 

2 The J.M. Smucker Company 2012 Annual Repor t

LOGO

 

Helping to bring families together to share memorable meals and moments.

While strong financial results are important, we are driven by a greater purpose – helping to bring families together to share memorable meals and moments. We know, and research demonstrates, that families who eat together are happier and healthier. Shared family meals can lead to better grades, healthier eating habits, fewer behavioral problems, less family tension, and closer family bonds. We continue to partner with Miriam Weinstein, author of The Surprising Power of Family Meals, to provide resources and assistance on making the most of your mealtime through our website, PowerOfFamilyMeals.com. By focusing our business around convenient, delicious, and nutritious products, we help support the power of the family meal and all its benefits.

The J.M. Smucker Company 2012 Annual Repor t 3

LOGO

 

Dear ShareholDerS anD FrienDS:

Fiscal 2012 was a challenging yet successful year for The J. M. Smucker Company as we introduced a record number of products, acquired new businesses, and made brand investments – all while achieving solid results and returning value to our shareholders. In fiscal 2012, sales reached a new high of $5.5 billion, an increase of 15 percent over fiscal 2011. Non-GAAP earnings rose to a record $4.73 per share compared to $4.69 in the prior year.

These accomplishments have been achieved despite a challenging economic environment where consumers have remained under pressure, impacting volume in many categories across the industry, and where commodity costs remained high. Our stability amid these challenges reflects the Smucker portfolio of iconic brands’ abilities to provide value and to meet a wide variety of consumer needs throughout the day. We are building upon this strength by continuing to make investments that deliver great products to our consumers and returns to our shareholders.

Brand Investment

Product innovation, in particular, is a major focus and one that our retail customers expect of us as category leaders. We met this expectation in fiscal 2012 by launching more than 60 new products. In total, the new products introduced in the last three years contributed more than five percent of fiscal 2012 net sales.

Product innovation is guided by our focus on meeting the diverse needs of our consumers for taste, health, convenience, and emotional fulfillment as these new product examples demonstrate:

Pillsbury ® Pink Lemonade Premium Cookie and Cake Mixes

Jif® To Go™ in Natural and Chocolate Silk varieties

Smucker’s® Uncrustables® reduced sugar sandwiches on whole wheat

Folgers® Gourmet Selections® and Millstone® single-serve K-Cup® portion packs in new flavors

By focusing on innovation, Pillsbury has moved from the #3 to #2 position in the dessert baking mix category in recent years. The momentum behind our innovation efforts will continue in fiscal 2013, when we expect to introduce as many as 100 new products across our brand portfolio.

Our brand support extends to the marketplace through media investments that include both traditional outlets, such as television spots, and new digital approaches. Today, our brands host nearly 30 social media sites and seven mobile websites and offer a variety of interactive contact, such as eCoupon support, to consumers.

Business Expansion

Acquisitions have played a transformative role in our growth strategy over the past decade. During this time, for example, Smucker has become the #1 manufacturer of at-home retail coffee in the United States beginning with the acquisition of the Folgers brand in 2008. In fiscal 2012 we acquired Rowland Coffee Roasters, Inc., which included the leading Hispanic Café Bustelo® and Café Pilon® brands. With a successful integration completed during fiscal 2012, we are looking forward to further expanding distribution in key markets and leveraging the brands’ presence among a growing base of Hispanic consumers.

During the year, the Company completed the acquisition of a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation. This transaction added the market-leading liquid coffee concentrate and other hot beverages to our portfolio, which allows us to further participate in the away-from-home hot beverage business. Beyond these new offerings, this transaction has had a strategic impact on our foodservice business by nearly doubling its size, adding a direct sales force, and enhancing its ability to offer a full hot beverage solution to foodservice operators and customers. We were honored to welcome more than 400 employees to the Company as part of these two transactions.

Beyond North America, we continue to work toward the development of a long-term meaningful presence in China. New developments include the establishment of a Shanghai office and a minority investment in the privately owned Guilin Seamild Biologic Technology Development Co., Ltd. (“Seamild”). Our investment in

4 The J. M. Smucker Company 2012 Annual Repor t

LOGO

 

this family-run business, which enjoys an established presence in the rapidly growing oats category, will be an effective vehicle to learn more about Chinese consumers and successful go-to-market strategies in China.

Supply Chain Investments

We remain focused on two important investment projects that will help drive operational excellence through our supply chain. We continue to move forward with the consolidation of our coffee manufac-turing operations and the expansion initiatives currently underway at our coffee manufacturing facilities in New Orleans, Louisiana. In fiscal 2013, a new state-of-the-art fruit spreads manufacturing facility is expected to become operational in Orrville, Ohio. Both projects will not only simplify our supply chain but also provide greater flexibility to support product innovation, improve quality, and optimize capacity to accommodate future growth.

Responsible Capital Management

These significant and ongoing levels of reinvestment underscore the long-term approach that we take in our business. Certain benefits from these investments are readily apparent, but most will emerge over time and serve us well for years to come. It is particularly gratifying to be able to support sizable reinvestment initiatives while also returning value to our share-holders. The ability to do both underscores our Company’s strong cash generation capabilities in which we deploy cash between business growth initiatives and shareholder return programs. During fiscal 2012, these programs included a 15 percent increase in dividends paid per share and the repurchase of more than four million common shares for approximately $305 million.

Further focusing on our capital management structure, we entered the public debt market for the first time in Company history. In October 2011, we issued $750 million in 10-year notes to further our financial flexibility.

An Effective Combination for Growth

As one of our Basic Beliefs, Growth is defined as reaching for that potential whether through the acquisition of new brands, the development of new products and new markets, the discovery of new

management or manufacturing capabilities, or the personal growth and development of our people and their ideas. We know from experience that when we combine our unique culture with our strategy and our ability to implement, meaningful growth will be the result. Over the past decade, this combination has enabled Smucker to evolve from a fruit spreads-focused company with sales of $650 million into a broader business with multiple iconic brands, approaching sales of $6 billion. Going forward, we believe this same combination of culture, strategy, and implementation will continue to successfully evolve our business to ever-higher levels of performance. In the process, we will continue to fulfill Our Purpose – helping to bring families together to share memorable meals and moments.

Looking ahead to fiscal 2013, our focus will be on further enhancing long-term shareholder value by:

A focus on innovation, with plans to significantly increase the number of new product introductions as compared to last year

Optimizing pricing, with an increased emphasis on opening price point offerings for value-conscious consumers

Realizing synergies from our supply chain optimization projects and recent acquisitions

Continuing to evolve our sustainability initiatives, particularly in the area of green coffee

As we close another successful year in the 100-plus-year history of The J.M. Smucker Company, we remain committed to our Basic Beliefs of Quality, People, Ethics, Growth, and Independence to guide both our strategic decisions and daily behavior. We believe the best is yet to come for our Company, and we appreciate your continued support. We extend our deepest gratitude to our constituents who contribute to our success – consumers, customers, employees, suppliers, communities, and shareholders.

Sincerely,

Tim Smucker Richard Smucker

June 20, 2012

The J. M. Smucker Company 2012 Annual Repor t 5

LOGO

 

Our portfolio encompasses numerous products that represent Our Vision to own and market food brands that hold the #1 position in their respective categories. Today, we hold branded leadership positions in seven categories in both the United States and Canada. Our products can be part of meals – whether breakfast, lunch, dinner, or snack options – throughout the day. We are honored to have our products be a part of your family meals and to be a staple in your pantries.

Memorable Meals and Moments

6 The J.M. Smucker Company 2012 Annual Repor t

LOGO

 

LOGO

 

U.S. Retail

Coffee

In just four short years, Smucker has established a wide-ranging presence in the coffee marketplace – a presence that demonstrates our diverse portfolio’s ability to meet the unique needs of consumers by offering products in every segment with different blends, flavors, sizes, and convenience attributes. In addition to the Folgers, Millstone, and Dunkin’ Donuts ® brands, we are pleased to have added the leading Hispanic Café Bustelo and Café Pilon brands in the past year.

8 The J.M. Smucker Company 2012 Annual Repor t

LOGO

 

Our Brands

The J.M. Smucker Company 2012 Annual Repor t 9

LOGO

 

keeping the coffee market momentum going

Sales for U.S. Retail Coffee grew 19 percent during fiscal 2012, though higher commodity costs resulted in only a slight increase in segment profitability. Our coffee business continued to capitalize on the increasing popularity of the single-serve K-Cup® portion packs, which is creating attractive growth opportunities for us.

These single-serve packages account for more than $1 billion in annual sales in the channels we participate in today and continue to command more space on retail shelves. Our Folgers Gourmet Selections and Millstone branded K-Cups are following a similar trajectory, with sales increasing more than 200 percent in grocery, mass, drug store, and club retail channels last year to approximately $180 million on an annual basis.

During fiscal 2012, we further expanded our participation in the single-serve category by signing an agreement with Green Mountain Coffee Roasters to include Folgers Gourmet Selections and Millstone brands in its new Keurig Vue™ brewing system. We also introduced Folgers Instant Coffee Single-Serve Packets to provide consumers with another one-cup solution, and to complement the Folgers instant coffee line.

The Dunkin’ Donuts brand is another growth vehicle for our retail coffee business. With annual retail sales in excess of $300 million today, Dunkin’ Donuts has three of the top-10 premium coffee SKUs in measured channels; its 12-ounce original blend occupies the top slot, with sales nearly 2.5 times those of its closest competitor.

We remain focused on our core Folgers roast and ground products, which participate in the largest segment in the category, as well as on growing the Dunkin’ Donuts and Folgers Gourmet Selections brands in the premium segment. In addition, the popularity of Dunkin’ Donuts’ seasonal offerings is strong, with sales doubling from fiscal 2011 to fiscal 2012.

Our investment priorities include new product innovation and acquisitions that can tap into channels where we see growth potential, such as leveraging the Café Bustelo and Café Pilon brands in the growing Hispanic market. We also are focused on innovation in our supply chain through capital investments, which have already provided savings, and by realizing efficiencies with future integration of acquired facilities. Finally, we continue to work proactively on our strategy to balance cost management with the responsibilities of green coffee sustainability.

10 The J.M. Smucker Company 2012 Annual Repor t

LOGO

 

U.S. Retail Coffee

LOGO

 

U.S. Retail

Consumer

Foods

Our U.S. Retail Consumer Foods segment encompasses many of the industry’s most iconic food brands, including category leaders such as Smucker’s fruit spreads and Jif peanut butter, as well as Crisco® oils, Pillsbury baking mixes and frostings, Eagle Brand® sweetened condensed milk, Hungry Jack® pancake mix and syrup, and Martha White® and White Lily® flours.

12 The J.M. Smucker Company 2012 Annual Repor t

LOGO

 

Our Brands

The J.M. Smucker Company 2012 Annual Repor t 13

LOGO

 

Growing Through Ideas and Innovation

U.S. Retail Consumer Foods grew net sales seven percent during fiscal 2012 in the face of volume and competitive pressures, which resulted in a three percent decline in profitability. New product introductions were particularly helpful to sales growth during the year.

Recent new product launches have focused on consumers’ need for convenience, such as Jif To Go, which added natural and chocolate silk varieties during the past year. Jif also is expanding into the specialty nut butter category with the launch of two chocolate hazelnut spread varieties in fiscal 2013. This type of product innovation has helped us increase sales by over 60 percent since we acquired the Jif brand in 2002.

Pillsbury is another brand that has experienced significant growth since we acquired it seven years ago, with its baking mixes and frosting sales increasing approximately 50 percent. Recent product introductions have included Pink Lemonade Premium Cookie Mix, Sugar Free Classic Yellow Premium Cake Mix and Funfetti® Cookie Pop Kit.

Several new products launched in fiscal 2012, including sugar-free Smucker’s fruit spread varieties with Truvia sweetener and Smucker’s Uncrustables sandwiches whole wheat offering. We also responded to consumer requests with the introduction of two new flavors of Smucker’s Orchard’s Finest® Preserves – Pacific Grove Orange Marmalade Medley and Lakeside Raspberry Cranberry.

During the year, we continued to make significant investments in our manufacturing facilities. Our new Orrville manufacturing facility will begin initial production this summer and should result in long-term cost efficiencies. In addition, capacity expansions at our Smucker’s Uncrustables sandwiches plant in Scottsville, Kentucky, will enable us to capitalize on continued strong consumer demand.

14 The J.M. Smucker Company 2012 Annual Repor t

LOGO

 

U.S. Retail Consumer Foods

LOGO

 

International,

Foodservice, and

natural foods

Our International operations include our Canadian and Mexican entities as well as the products we export to more than 65 countries for consumers around the world to enjoy. In Canada, we market many of our retail brands, including the #1 Bick’s® and Robin Hood® brands. Our Foodservice division markets our branded products to foodservice operators. The Natural Foods business includes

R.W. Knudsen Family® and Santa Cruz Organic® juice brands, both pioneers in organic foods.

16 The J.M. Smucker Company 2012 Annual Repor t

LOGO

 

Our Brands

The J.M. Smucker Company 2012 Annual Repor t 17

LOGO

 

Realizing TRansfoRmaTional oppoRTuniTies

Our International, Foodservice, and Natural Foods segment experienced transformative change this year with the newly acquired Sara Lee North American foodservice away-from-home coffee and hot beverage business. Segment net sales increased 20 percent and segment profit grew six percent in fiscal 2012.

The acquisition of a majority of the north american foodservice coffee and hot beverage business of sara lee Corporation enables us to participate in the liquid coffee business, which is consistent with our desire to compete in all forms of coffee. given the importance of coffee to foodservice operators, this business enables us to offer a complete hot beverage solution to this customer base. The transaction also provided us with a unique opportunity to establish a multi-year innovation partnership with the new coffee company that will be spun off from sara lee, which will allow us to collaborate on new technologies in the liquid coffee category.

The integration of the sara lee foodservice coffee and hot beverage business was accomplished in record time, with major systems and processes transitioned within approximately four months. in addition, we redesigned our foodservice sales organization and go-to-market approach. The resulting direct sales team will significantly enhance our customer relationships, which, in turn, should create new long-term growth opportunities.

Coffee also was a big story for us in Canada this year with the launch of Folgers Gourmet Selections K-Cups, which was the Company’s most successful Canadian new product launch in our history.

Consistent with Our Vision of maintaining a global perspective, we entered the Chinese marketplace in fiscal 2012 by making a minority investment in Seamild, a privately-owned manufacturer and marketer of oats products. as a leading retail oats brand in China, their oatmeal and oat-based products are sold primarily under the Seamild brand, with distribution in retail channels throughout China. as a leader in the oats category, their portfolio of quality, trusted products aligns with Our Vision to own and market food brands that hold the #1 market position in their respective categories.

18 The J. M. Smucker Company 2012 Annual Repor t

LOGO

 

International, Foodservice,

and Natural Foods

LOGO

 

Sustainability and

Smucker

Create a better tomorrow by focusing on preserving our culture, ensuring our long-term economic viability, limiting our environmental impact, and being socially responsible.

Our Sustainability Strategy succinctly states what we consider to be an inherent part of who we are as a Company and how we operate as a business. Since our founding in 1897, we have believed in doing the right things and doing things right. Today, this belief is manifested by such initiatives as working toward a set of five-year sustainability goals, participating in the Carbon Disclosure Project, leveraging our green coffee sustainability strategy, investing in supply chain efficiencies, and supporting the Boys & Girls Clubs of America, to name just a few. We invite all our constituents to read about these and other initiatives in our 2012 Corporate Responsibility Report available at smuckers.com.

20 The J.M. Smucker Company 2012 Annual Repor t

LOGO

 

peanut butter blossoms CREAMY ALMOND CANDY

Grilled Tomato and Turkey Salad with

Basil Bruschetta Orange-Peanut Dressing

peanut butter jalapeÑo poppers Berry Yogurt Breakfast Bowls

LOGO

 

CREAMY ALMOND CANDY

Prep Time: 10 min Makes: 3 1/4 POUNDS

• 1 1/2 pounds vanilla-flavored • 1/8 teaspoon salt

candy coating* • 1 teaspoon almond extract

• 1 (14 oz.) can Eagle Brand® Sweetened • 3 cups (about 1 pound) whole almonds,

Condensed Milk toasted**

directions

MELT candy coating, sweetened condensed milk and salt in a heavy saucepan over low heat. Remove from heat. Stir in almond extract and then almonds.

SPREAD evenly onto wax-paper-lined 15 x 10-inch jellyroll pan. Chill 2 hours or until firm.

TURN onto cutting board. Peel off paper; cut into triangles or squares. Store leftovers tightly covered at room temperature.

MICROWAVE METHOD

COMBINE candy coating, sweetened condensed milk and salt in 2-quart glass measuring cup. Microwave on HIGH (100% power) 3 to 5 minutes, stirring after each

1 1/2 minutes. Stir until smooth. Proceed as above.

TIP: *Also called confectioners’ coating.

**To toast almonds, spread in single layer in heavy-bottomed skillet. Cook over medium heat 2 to 3 minutes, stirring frequently, until nuts are lightly browned. Remove from skillet immediately. Cool before using.

©/® The J.M. Smucker Company

Peanut butter blossoms

Prep Time: 30 min Cook Time: 10 min Makes: 4 DOZEN COOKIES

• 1/2 cup Crisco® Butter Flavor • 1 3/4 cups Pillsbury BEST®

All-Vegetable Shortening All Purpose Flour

• 1/2 cup Jif® Creamy Peanut Butter • 1 teaspoon baking soda

• 1/2 cup firmly packed brown sugar • 1/2 teaspoon salt

• 1/2 cup granulated sugar • Sugar

• 1 large egg • 48 foil-wrapped milk chocolate

• 2 tablespoons milk pieces, unwrapped

• 1 teaspoon vanilla extract

directions

HEAT oven to 375°F.

CREAM together shortening, peanut butter, brown sugar and 1/2 cup sugar. Add egg, milk and vanilla. Beat well.

STIR together flour, baking soda and salt. Add to creamed mixture. Beat on low speed until stiff dough forms.

SHAPE into 1-inch balls. Roll in sugar. Place 2 inches apart on ungreased cookie sheet.

BAKE 10 to 12 minutes or until golden brown.

TOP each cookie immediately with an unwrapped chocolate piece, pressing down firmly so that cookie cracks around edge.

©/® The J.M. Smucker Company Pillsbury BEST is a trademark of The Pillsbury Company, LLC, used under license.

Turkey Salad with

Orange Peanut Dressing

Prep Time: 30 min Makes: 5 (1/2 CUP) servings

Orange Peanut Dressing Turkey Salad

• 1 (10.25 oz.) jar Smucker’s® Low Sugar™ • 1 cup julienne-cut carrots

Reduced Sugar Sweet Orange • 1/2 cup dried cranberries

Marmalade (1 cup) • 1 pound fully cooked smoked turkey

• 1/3 cup Smucker’s® Natural Chunky from deli, sliced 1/2-inch thick and

Peanut Butter, stirred cut into 1/2-inch cubes

• 1/4 cup light salad dressing • 1 cup diced Granny Smith apples

• 1/4 cup low-fat sour cream • 1 head Boston or Bibb lettuce,

• 1/2 teaspoon curry powder with leaves separated

directions

COMBINE marmalade, peanut butter, salad dressing, sour cream and curry powder in a mixing bowl until well blended.

ADD carrots, cranberries, turkey and apples to Orange Peanut Dressing in mixing bowl; stir well to combine. At this point, salad can be made ahead and held overnight

in the refrigerator.

FORM a lettuce cup using one or two lettuce leaves; place on salad plate. Fill with 1/2 cup turkey salad. Repeat to make 5 servings.

©/® The J.M. Smucker Company

Berry Yogurt Breakfast Bowls

Prep Time: 10 min Makes: 2 SERVINGS

• 1 medium banana, sliced • 1/2 cup fresh red raspberries

• 1/4 cup Smucker’s® Sugar Free Red • 1 (6 oz.) container Greek-style vanilla yogurt

Raspberry Preserves • 1/2 cup lowfat granola cereal

directions

DIVIDE banana slices evenly into two serving dishes. Stir preserves in small bowl until smooth. Fold in raspberries to coat. Spoon evenly over bananas.

STIR yogurt until smooth. Spoon evenly over raspberry mixture. Sprinkle with granola. Serve immediately.

Grilled Tomato and

Basil Bruschetta

Prep Time: 10 min Cook Time: 5 min Makes: 4 Servings

• Crisco® Original No-Stick Cooking Spray • 1 tablespoon cider or balsamic vinegar

• 4 to 6 ripe plum tomatoes, cored, seeded • 2 tablespoons Crisco® 100% Extra Virgin

and diced Olive Oil

• 2 tablespoons chopped fresh basil • 12 thin slices Italian or French bread

• 1/2 teaspoon salt • Salt and pepper

• 1/4 teaspoon freshly ground black pepper • Fresh basil leaves for garnish (optional)

directions

COAT grill grate or broiler pan with no-stick cooking spray. Heat grill or broiler.

TOSS tomatoes with basil, salt, pepper, vinegar and oil in medium bowl. Let stand 10 minutes to blend flavors.

SPRAY both sides of bread slices with no-stick cooking spray. Sprinkle with salt

and pepper. Grill about 5 minutes, turning once, or just until bread is lightly browned and crisp.

TOP with tomato mixture. Garnish with fresh basil leaves, if desired.

©/® The J.M. Smucker Company

peanut butter jalapeÑo poppers

Prep Time: 30 min Cook Time: 10 min Makes: 35 POPPERS

• 5 fresh jalapeño peppers, seeded and • 2 eggs, beaten

chopped • 1/2 cup Pillsbury BEST® All Purpose Flour

• 1 cup shredded Monterey Jack cheese • 1 cup plain panko breadcrumbs

• 1/3 cup Jif® Creamy Peanut Butter • Crisco® Pure Peanut Oil

• 2 tablespoons Crosse & Blackwell® • Salt, to taste

Major Grey’s Chutney • 1 cup sour cream

• 1/2 teaspoon Cajun seasoning • 3 tablespoons minced fresh chives

directions

STIR jalapeños, cheese, peanut butter, chutney and Cajun seasoning in medium bowl until blended. Shape into 1/2-inch round balls.

PLACE egg, flour and breadcrumbs into three separate small bowls. Coat each ball in flour, then egg and breadcrumbs. Chill on baking sheet 1 hour.

HEAT 2 inches oil to 350°F in a 6-quart saucepan. Fry poppers 1 1/2 to 2 minutes each or until golden brown. Drain on paper towel. Season with salt.

COMBINE sour cream and chives. Serve with poppers.

©/® The J.M. Smucker Company

©/® The J.M. Smucker Company Pillsbury BEST is a trademark of The Pillsbury Company, LLC, used under license.

2012 FINANCIAL REVIEW

FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA

The following table presents selected financial data for each of the five years in the period ended April 30, 2012. The selected financial data was derived from the consolidated financial statements and should be read in conjunction with the “Results of Operations” and “Financial Condition” sections of “Management’s Discussion and Analysis” and the consolidated financial statements and notes thereto.

 

    Year Ended April 30,  

(Dollars in thousands, except per share data)

   2012     2011     2010     2009     2008  

Statements of Income:

          

Net sales

   $ 5,525,782      $ 4,825,743      $ 4,605,289      $ 3,757,933      $ 2,524,774   

Gross profit

   $ 1,845,223      $ 1,798,517      $ 1,786,690      $ 1,251,429      $ 782,164   

% of net sales

     33.4 %      37.3 %      38.8 %      33.3 %      31.0 % 

Operating income

   $ 778,283      $ 784,272      $ 790,909      $ 452,275      $ 284,559   

% of net sales

     14.1 %      16.3 %      17.2 %      12.0 %      11.3 % 

Net income

   $ 459,744      $ 479,482      $ 494,138      $ 265,953      $ 170,379   

Financial Position:

          

Cash and cash equivalents

   $ 229,708      $ 319,845      $ 283,570      $ 456,693      $ 171,541   

Total assets

     9,115,226        8,324,585        7,974,853        8,192,161        3,129,881   

Total debt

     2,070,543        1,304,039        910,000        1,536,726        789,684   

Shareholders’ equity

     5,163,386        5,292,363        5,326,320        4,939,931        1,799,853   

Statements of Cash Flows:

          

Net cash provided by operating activities

   $ 730,929      $ 391,562      $ 713,478      $ 446,993      $ 182,918   

Capital expenditures

     274,244        180,080        136,983        108,907        76,430   

Quarterly dividends paid

     213,667        194,024        166,224        110,668        68,074   

Purchase of treasury shares

     315,780        389,135        5,569        4,025        152,521   

Share Data:

          

Weighted-average shares outstanding

     113,263,951        118,165,751        118,951,434        85,448,592        56,641,810   

Weighted-average shares outstanding – assuming dilution

     113,313,567        118,276,086        119,081,445        85,547,530        56,873,492   

Dividends declared per common share

   $ 1.92      $ 1.68      $ 1.45      $ 6.31      $ 1.22   

Earnings per Common Share:

          

Net income

   $ 4.06      $ 4.06      $ 4.15      $ 3.11      $ 3.01   

Net income – assuming dilution

     4.06        4.05        4.15        3.11        3.00   

Non-GAAP Measures: (1)

          

Gross profit excluding special project costs

   $ 1,888,385      $ 1,852,606      $ 1,790,560      $ 1,251,429      $ 783,674   

% of net sales

     34.2 %      38.4 %      38.9 %      33.3 %      31.0 % 

Operating income excluding special project costs

   $ 893,938      $ 897,423      $ 830,312      $ 535,170      $ 297,273   

% of net sales

     16.2 %      18.6 %      18.0 %      14.2 %      11.8 % 

Income and income per common share excluding special project costs:

          

Income

   $ 535,579      $ 555,133      $ 520,782      $ 321,617      $ 178,881   

Income per common share – assuming dilution

   $ 4.73      $ 4.69      $ 4.37      $ 3.76      $ 3.15   

 

(1) Refer to “Non-GAAP Measures” located on page 32 in the “Management’s Discussion and Analysis” section for a reconciliation to the comparable GAAP financial measure.

 

LOGO

 

  The J. M. Smucker Company    2012 Annual Report    21

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS

The J. M. Smucker Company

 

 

The following is a summary of unaudited quarterly results of operations for the years ended April 30, 2012 and 2011.

 

(Dollars in thousands, except per share data)

    Quarter Ended      Net Sales      Gross Profit      Net Income      Net Income per
Common Share		      Net Income per
Common Share –
Assuming Dilution		  

2012

      July 31, 2011       $ 1,188,883       $ 431,084       $ 111,523       $ 0.98       $ 0.98   
     October 31, 2011         1,513,905         498,669         127,247         1.12         1.12   
     January 31, 2012         1,467,641         465,685         116,844         1.03         1.03   
     April 30, 2012         1,355,353         449,785         104,130         0.93         0.93   

2011

      July 31, 2010       $ 1,047,312       $ 408,435       $ 102,881       $ 0.86       $ 0.86   
     October 31, 2010         1,278,913         494,670         149,726         1.25         1.25   
     January 31, 2011         1,312,351         474,414         131,995         1.12         1.11   
     April 30, 2011         1,187,167         420,998         94,880         0.82         0.82   

Annual net income per common share may not equal the sum of the individual quarters due to differences in the average number of shares outstanding during the respective periods.

STOCK PRICE DATA

The Company’s common shares are listed on the New York Stock Exchange – ticker symbol SJM. The table below presents the high and low market prices for the shares and the quarterly dividends declared. There were approximately 284,900 shareholders as of June 15, 2012, of which approximately 51,800 were registered holders of common shares.

 

     Quarter Ended      High      Low      Dividends  

2012

      July 31, 2011       $ 80.26       $ 73.76       $ 0.48   
     October 31, 2011         78.62         66.43         0.48   
     January 31, 2012         81.40         71.24         0.48   
     April 30, 2012         81.97         70.50         0.48   

2011

      July 31, 2010       $ 63.75       $ 53.27       $ 0.40   
     October 31, 2010         64.55         57.20         0.40   
     January 31, 2011         66.28         60.46         0.44   
     April 30, 2011         75.46         61.16         0.44   

 

22    The J. M. Smucker Company    2012 Annual Report  

COMPARISON OF FIVE-YEAR CUMULATIVE

TOTAL SHAREHOLDER RETURN

The J. M. Smucker Company

 

 

Among The J. M. Smucker Company, the S&P 500 Index, and the S&P Packaged Foods & Meats Index

 

LOGO

 

     April 30,  
     2007      2008      2009      2010      2011      2012  

The J. M. Smucker Company

    $ 100.00       $ 91.39       $ 81.44       $ 129.79       $ 163.91       $ 178.21   

S&P 500

      100.00         95.32         61.66         85.61         100.36         105.13   

S&P Packaged Foods & Meats

      100.00         98.19         77.72         108.80         126.50         143.03   

The above graph compares the cumulative total shareholder return for the five years ended April 30, 2012, for the Company’s common shares, the S&P 500 Index, and the S&P Packaged Foods & Meats Index. These figures assume all dividends are reinvested when received and are based on $100 invested in the Company’s common shares and the referenced index funds on April 30, 2007.

Copyright© 2012 Standard & Poor’s, a division of The McGraw-Hill Companies Inc. All rights reserved. www.researchdatagroup.com/S&P.htm

 

  The J. M. Smucker Company    2012 Annual Report    23

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

EXECUTIVE SUMMARY

For more than 110 years, The J. M. Smucker Company (“Company”), headquartered in Orrville, Ohio, has been committed to offering consumers products that bring families together to share memorable meals and moments. Today, the Company is a leading marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and health and natural foods beverages in North America.

Its family of brands includes Smucker’s, Folgers, Dunkin’ Donuts, Jif, Crisco, Pillsbury, Eagle Brand, R.W. Knudsen Family, Hungry Jack, Café Bustelo, Café Pilon, White Lily, and Martha White in the United States, along with Robin Hood, Five Roses, Carnation, and Bick’s in Canada. In addition to these brands, the Company markets products under numerous other brands, including Millstone, Dickinson’s, Laura Scudder’s, Adams, Double Fruit (Canada), and Santa Cruz Organic.

The Company has three reportable segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, and International, Foodservice, and Natural Foods. The Company’s two U.S. retail market segments in total comprised nearly 80 percent of the Company’s net sales in 2012 and represent a major portion of the strategic focus area for the Company – the sale of branded food products with leadership positions to consumers through retail outlets in North America. The International, Foodservice, and Natural Foods segment represents sales outside of the U.S. retail market segments.

In both of the U.S. retail market segments, the Company’s products are sold primarily to food retailers, food wholesalers, drug stores, club stores, mass merchandisers, discount and dollar stores, and military commissaries. In the International, Foodservice, and Natural Foods segment, the Company’s products are distributed domestically and in foreign countries through retail channels, foodservice distributors and operators (e.g., restaurants, lodging, schools and universities, health care operators), and health and natural foods stores and distributors.

STRATEGIC ELEMENTS

The Company remains rooted in its Basic Beliefs of Quality, People, Ethics, Growth, and Independence, established by its founder and namesake, Jerome Smucker, more than a century ago. Today, these basic beliefs are the core of the Company’s unique culture and serve as a foundation for decision making and actions. The Company has been led by four generations of family leadership, having had only five chief executive officers in 115 years. This continuity of management and thought extends to the broader leadership team that embodies the values and embraces the business practices that have contributed to the Company’s consistent growth.

The Company’s strategic vision is to own and market food brands which hold the number one market position in their category, with an emphasis on North America while embracing a global perspective.

The Company’s strategic long-term growth objectives are to increase net sales by six percent and earnings per share by greater than eight percent annually. While the net sales contribution from acquisitions will vary from year to year, the Company expects organic growth, including new products, to add three to four percent per year and acquisitions to contribute the remainder over the long term.

 

 

24    The J. M. Smucker Company    2012 Annual Report  

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

RESULTS OF OPERATIONS

On January 3, 2012, the Company completed the acquisition of a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation (“Sara Lee foodservice business”) for $420.6 million. On May 16, 2011, the Company acquired the coffee brands and business operations of Rowland

Coffee Roasters, Inc. (“Rowland Coffee”), a privately-held company headquartered in Miami, Florida, for $362.8 million. The acquisitions have been accounted for as purchase business combinations, and the results of each business are included in the Company’s consolidated financial statements from the date of acquisition.

 

 

     Year Ended April 30,  

(Dollars in millions, except per share data)

    2012     2011     2010     2012
% Increase
(Decrease)		     2011
% Increase
(Decrease)		  

Net sales

    $ 5,525.8      $ 4,825.7      $ 4,605.3        15 %      5 % 

Gross profit

    $ 1,845.2      $ 1,798.5      $ 1,786.7        3 %      1 % 

% of net sales

      33.4 %      37.3 %      38.8 %     

Operating income

    $ 778.3      $ 784.3      $ 790.9        (1 )%      (1 )% 

% of net sales

      14.1 %      16.3 %      17.2 %     

Net income:

           

Net income

    $ 459.7      $ 479.5      $ 494.1        (4 )%      (3 )% 

Net income per common share – assuming dilution

    $ 4.06      $ 4.05      $ 4.15        —   %      (2 )% 

Gross profit excluding special project costs (1)

    $ 1,888.4      $ 1,852.6      $ 1,790.6        2 %      3 % 

% of net sales

      34.2 %      38.4 %      38.9 %     

Operating income excluding special project costs (1)

    $ 893.9      $ 897.4      $ 830.3        —   %      8 % 

% of net sales

      16.2 %      18.6 %      18.0 %     

Income excluding special project costs: (1)

           

Income

    $ 535.6      $ 555.1      $ 520.8        (4 )%      7 % 

Income per common share – assuming dilution

    $ 4.73      $ 4.69      $ 4.37        1 %      7 % 

 

(1) Refer to “Non-GAAP Measures” located on page 32 in the “Management’s Discussion and Analysis” section for a reconciliation to the comparable GAAP financial measure.

 

Summary of 2012

Net sales in 2012 increased 15 percent, compared to 2011, as the impact of price increases and the contribution from acquisitions more than offset a five percent decline in volume. While the net effect of price increases more than offset overall higher raw material costs, the decrease in volume, along with increased selling and general and administrative expenses, resulted in a one percent decline in operating income for 2012, compared to 2011. Excluding restructuring and merger and integration costs (“special project costs”), operating margin declined to 16.2 percent from 18.6 percent in 2011. GAAP and non-GAAP results include the impact of an $11.3 million loss on divestiture in 2012 and a noncash impairment charge of $17.2 million in 2011, both related to the Europe’s Best frozen fruit and vegetable business, which was sold in October 2011. The Company’s net income per diluted share was flat in 2012, compared to 2011, and increased one percent excluding special project costs, reflecting the benefit of a decrease in weighted-average common shares outstanding as a result of the Company’s share repurchase activity during 2012 and the second half of 2011.

Summary of 2011

Net sales in 2011 increased five percent, compared to 2010, primarily due to price increases. Sales mix and the impact of foreign exchange also contributed to more than offset the impact of the potato products divestiture in March 2010 and a one percent decline in volume. While the net effect of price increases more than offset overall higher raw material costs, increased special project costs and impairment charges resulted in a one percent decline in operating income. Excluding special project costs, operating income increased eight percent for 2011, compared to 2010. The Company’s net income per diluted share decreased two percent, yet increased seven percent excluding special project costs, for 2011, compared to 2010.

 

 

  The J. M. Smucker Company    2012 Annual Report    25

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

Net Sales

2012 Compared to 2011

 

    Year Ended April 30,  

(Dollars in millions)

   2012     2011     Increase
(Decrease)		     %  

Net sales

   $ 5,525.8      $ 4,825.7      $ 700.0        15 % 

Adjust for certain noncomparable items:

        

Acquisitions

     (239.5 )      —          (239.5 )      (5 ) 

Divestiture

     —          (16.7 )      16.7        —     

Foreign exchange

     (6.5 )      —          (6.5 )      —     
 

 

 

    

 

 

    

 

 

    

 

 

  

Net sales adjusted for the noncomparable impact of acquisitions, divestiture, and foreign exchange

   $ 5,279.8      $ 4,809.0      $ 470.7        10 % 
 

 

 

    

 

 

    

 

 

    

 

 

  

Amounts may not add due to rounding.

Net sales for 2012 increased $700.0 million, or 15 percent, compared to 2011, driven primarily by the impact of higher realized prices and acquisitions. The Sara Lee foodservice business and Rowland Coffee acquisitions contributed $124.2 million and $115.3 million, respectively, to 2012 net sales. Excluding acquisitions, the Europe’s Best divestiture, and the impact of foreign exchange, net sales were up 10 percent in 2012, compared to 2011, and volume decreased five percent, driven by Crisco oils, Folgers coffee, Jif peanut butter, and Pillsbury flour. The volume decline resulted from lower consumer purchases due mostly to significantly higher retail prices and the competitive environment.

2011 Compared to 2010

 

    Year Ended April 30,  

(Dollars in millions)

   2011     2010     Increase
(Decrease)		     %  

Net sales

   $ 4,825.7      $ 4,605.3      $ 220.5        5 % 

Adjust for certain noncomparable items:

        

Divestitures

     —          (40.4 )      40.4        1   

Foreign exchange

     (22.1 )      —          (22.1 )      —     
 

 

 

    

 

 

    

 

 

    

 

 

  

Net sales adjusted for the noncomparable impact of divestitures and foreign exchange

   $ 4,803.7      $ 4,564.9      $ 238.8        5 % 
 

 

 

    

 

 

    

 

 

    

 

 

  

Amounts may not add due to rounding.

Net sales for 2011 increased $220.5 million, or five percent, compared to 2010, as the net impact of pricing contributed approximately four percent to net sales and the overall impact of sales mix was favorable. The impact of the potato products divestiture and foreign exchange was not significant. Overall volume decreased one percent. Volume gains were realized in Jif peanut butter, Crisco oils, natural foods beverages, Smucker’s fruit spreads, Dunkin’ Donuts packaged coffee, and Pillsbury frostings. Volume declines were primarily in Pillsbury flour and baking mixes.

Operating Income

The following table presents the components of operating income as a percentage of net sales.

 

    Year Ended April 30,  
    2012     2011     2010  

Gross profit

     33.4 %      37.3 %      38.8 % 

Selling, distribution, and administrative expenses:

      

Marketing

     2.7 %      3.4 %      3.8 % 

Advertising

     2.2        2.4        2.8   

Selling

     3.3        3.3        3.3   

Distribution

     2.8        3.2        3.3   

General and administrative

     5.2        5.6        5.9   
 

 

 

    

 

 

    

 

 

  

Total selling, distribution, and administrative expenses

     16.2 %      17.9 %      19.1 % 
 

 

 

    

 

 

    

 

 

  

Amortization

     1.6        1.5        1.6   

Impairment charges

     0.1        0.4        0.3   

Other restructuring and merger and integration costs

     1.3        1.2        0.8   

Loss (gain) on divestitures

     0.2        —          (0.3 ) 

Other operating (income) expense – net

     —          —          0.2   
 

 

 

    

 

 

    

 

 

  

Operating income

     14.1 %      16.3 %      17.2 % 
 

 

 

    

 

 

    

 

 

  

Amounts may not add due to rounding.

2012 Compared to 2011

Gross profit increased $46.7 million, or three percent, in 2012, compared to 2011, due to the contribution from acquisitions and lower special project costs included in cost of products sold. Excluding these special project costs, gross profit increased $35.8 million. Raw material costs were higher in 2012, compared to 2011, most significantly for green coffee, edible oils, peanuts, flour, milk, and sweetener. Higher prices in place during the year more than offset these higher costs, most significantly on peanut butter, but did not offset the overall impact of volume declines. Gross margin contracted from 38.4 percent in 2011 to 34.2 percent in 2012, excluding special project costs.

Selling, distribution, and administrative expenses (“SD&A”) increased three percent in 2012, compared to 2011, yet decreased as a percentage of net sales from 17.9 percent to 16.2 percent, reflecting the impact of price increases on net sales. The Company’s total marketing expense decreased $9.3 million, or three percent, in 2012, compared to 2011, although the portion allocated to advertising increased $4.5 million during the same period. A portion of the marketing expense decline was redeployed to trade and consumer promotions during 2012, which were reflected as a reduction of net sales. Selling expenses and general and administrative expenses increased 15 percent and six percent, respectively, primarily due to the Sara Lee foodservice business and Rowland Coffee acquisitions. Distribution expenses decreased one percent.

 

 

26    The J. M. Smucker Company    2012 Annual Report  

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

Noncash impairment charges of $4.6 million and $17.6 million were recognized in 2012 and 2011, respectively. The 2012 impairment charge related to a regional canned milk trademark, while the majority of the 2011 charge resulted from the write-down to estimated fair value of the intangible assets of the Europe’s Best business. In 2012, the Company recognized an $11.3 million loss on the sale of Europe’s Best.

Operating income decreased $6.0 million, or one percent, in 2012, compared to 2011. Special project costs increased $2.5 million in 2012, compared to 2011, as a decrease in restructuring costs due to the closure of several facilities was offset by an increase in integration costs related to the Sara Lee foodservice business and Rowland Coffee acquisitions. Excluding the impact of special project costs in both periods, operating income decreased from 18.6 percent of net sales in 2011 to 16.2 percent in 2012.

2011 Compared to 2010

Gross profit increased $11.8 million in 2011, compared to 2010, as the increase in net sales offset the impact of overall higher raw material and freight costs and $50.2 million of incremental special project costs included in cost of products sold, consisting primarily of accelerated depreciation. Excluding special project costs, gross profit increased $62.0 million, or three percent, yet decreased as a percent of net sales from 38.9 percent in 2010 to 38.4 percent in 2011. Raw material cost increases were most significant for green coffee, soybean oil, milk, and sugar and more than offset lower costs for peanuts. Price increases taken during the year, mostly on the Company’s coffee brands to offset higher green coffee costs, drove the gross profit increase in 2011, but did not generate gross margin expansion compared to 2010. Gross margin was also reduced by price declines in effect on Crisco oils during part of 2011 in response to competitive dynamics, despite higher soybean oil costs.

SD&A decreased two percent in 2011, compared to 2010, and decreased as a percentage of net sales from 19.1 percent to 17.9 percent. Marketing expenses, including advertising, decreased eight percent in 2011, compared to 2010, which included record investment in print, online, and television advertisement in support of the Company’s largest brands. Distribution expenses decreased one percent in 2011, compared to 2010, related generally to declines in sales volume. Selling expenses increased three percent but remained flat as a percentage of net sales. General and administrative expenses increased two percent, primarily related to higher depreciation charges and digital marketing initiatives, but were lower as a percentage of net sales.

Noncash impairment charges of $17.6 million and $11.7 million were recognized in 2011 and 2010, respectively, resulting from the write-down to estimated fair value of certain of the Company’s intangible assets, primarily the Europe’s Best trademark and customer relationship. A $12.9 million gain was recognized on the

potato products divestiture in 2010. Other operating expense – net of $0.6 and $10.3 million was recognized in 2011 and 2010, respectively, consisting of losses on the disposition of assets.

Operating income decreased $6.6 million, or one percent, in 2011, compared to 2010, including an overall $73.7 million increase in special project costs. Excluding the impact of special project costs in both periods, operating income increased $67.1 million, or eight percent, and improved from 18.0 percent of net sales in 2010 to 18.6 percent in 2011. Special project costs were higher in 2011, compared to 2010, driven by costs related to the Company’s restructuring project, which were only slightly offset by lower integration costs.

Interest Income and Expense

Interest income decreased slightly in 2012, compared to 2011, due to lower investment balances. Interest expense increased $11.7 million during 2012, compared to 2011, due to higher debt outstanding as a result of the Company’s October 2011 public issuance of $750.0 million in Notes. The increased borrowing costs were somewhat offset by the benefit of the Company’s interest rate swap activities and higher capitalized interest associated with the Company’s capital expenditures. During the second quarter of 2012, the Company terminated two interest rate swaps, resulting in a net settlement gain of $17.7 million to be recognized over the remaining life of the underlying debt instruments, including $1.7 million in 2012.

Interest income was flat in 2011, compared to 2010. Interest expense increased $4.4 million during 2011, compared to 2010, due to higher average debt outstanding. The interest expense impact of $625.0 million of debt repayments in 2010, most of which were made in the second half of the year, was more than offset by the interest expense associated with the issuance of $400.0 million in 4.50 percent Senior Notes on June 15, 2010.

Income Taxes

Income taxes increased two percent in 2012, compared to 2011, despite a two percent decrease in income before income taxes during the same period. The effective tax rate increased to 34.4 percent in 2012 from 33.1 percent in 2011, primarily due to decreased tax benefits related to the domestic manufacturing deduction and slightly higher state income taxes in 2012, compared to 2011.

Income taxes increased slightly in 2011, compared to 2010, despite a two percent decrease in income before income taxes during the same period. The effective tax rate increased to 33.1 percent in 2011 from 32.4 percent in 2010, primarily due to higher current and deferred state income taxes and reduced tax benefits associated with the Canadian operations, partially offset by increased tax benefits related to the domestic manufacturing deduction in 2011, compared to 2010.

 

 

  The J. M. Smucker Company    2012 Annual Report    27

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

Restructuring

In calendar 2010, the Company announced its plan to restructure its coffee, fruit spreads, and Canadian pickle and condiments operations as part of its ongoing efforts to enhance the long-term strength and profitability of its leading brands. The initiative is a long-term investment to optimize production capacity and lower the overall cost structure. It includes capital investments for a new state-of-the-art food manufacturing facility in Orrville, Ohio; consolidation of coffee production in New Orleans, Louisiana; and the transition of the Company’s pickle and condiments production to third-party manufacturers.

Upon completion, the restructuring plan will result in a reduction of approximately 850 full-time positions and the closing of six of the Company’s facilities – Memphis, Tennessee; Ste. Marie, Quebec; Sherman, Texas; Kansas City, Missouri; Dunnville, Ontario; and Delhi Township, Ontario. The Sherman, Dunnville, Delhi Township, and Kansas City facilities have been closed and approximately 70 percent of the full-time positions have been reduced as of April 30, 2012.

During 2012, the Company increased anticipated restructuring costs from approximately $235.0 million to $245.0 million,

consisting primarily of increases to employee separation and site preparation and equipment relocation charges. The Company has incurred cumulative costs of $188.8 million related to the initiative through April 30, 2012, including $81.1 million in 2012 consisting primarily of $34.2 million of long-lived asset charges, mainly accelerated depreciation, and $20.4 million of employee separation costs. The majority of the remaining costs are anticipated to be recognized over the next two fiscal years.

Segment Results

The Company has three reportable segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, and International, Foodservice, and Natural Foods. The U.S. Retail Coffee segment primarily represents the domestic sales of Folgers, Dunkin’ Donuts, Millstone, Café Bustelo, and Café Pilon branded coffee; the U.S. Retail Consumer Foods segment primarily includes domestic sales of Smucker’s, Crisco, Jif, Pillsbury, Eagle Brand, Hungry Jack, and Martha White branded products; and the International, Foodservice, and Natural Foods segment is comprised of products distributed domestically and in foreign countries through retail channels, foodservice distributors and operators (e.g., restaurants, lodging, schools and universities, health care operators), and health and natural foods stores and distributors.

 

 

     Year Ended April 30,  

(Dollars in millions)

    2012     2011     2010     2012
% Increase
(Decrease)		     2011
% Increase
(Decrease)		  

Net sales:

           

U.S. Retail Coffee

    $ 2,297.7      $ 1,930.9      $ 1,700.5        19 %      14 % 

U.S. Retail Consumer Foods

      2,094.5        1,953.0        2,004.7        7        (3 ) 

International, Foodservice, and Natural Foods

      1,133.6        941.8        900.1        20        5   

Segment profit:

           

U.S. Retail Coffee

    $ 543.0      $ 536.1      $ 484.0        1 %      11 % 

U.S. Retail Consumer Foods

      393.3        406.5        407.7        (3 )      —     

International, Foodservice, and Natural Foods

      168.6        159.6        140.4        6        14   

Segment profit margin:

           

U.S. Retail Coffee

      23.6 %      27.8 %      28.5 %     

U.S. Retail Consumer Foods

      18.8        20.8        20.3       

International, Foodservice, and Natural Foods

      14.9        16.9        15.6       

 

28    The J. M. Smucker Company    2012 Annual Report  

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

U.S. Retail Coffee

Net sales for the U.S. Retail Coffee segment increased 19 percent in 2012, compared to 2011, including the net realization of price increases. The acquisition of Rowland Coffee contributed $99.3 million to segment net sales, representing five percentage points of the increase. Excluding Rowland Coffee, segment volume decreased eight percent. Volume declined for the Folgers brand in line with the overall segment, and was primarily attributed to consumer response to higher prices and aggressive private label price points by certain key retailers. Additionally, volume decreased five percent for Dunkin’ Donuts packaged coffee. Contributing to favorable sales mix in 2012, net sales of Folgers Gourmet Selections and Millstone K-Cups totaled $178.2 million, an increase of $125.2 million, compared to 2011, and represented six percentage points of segment net sales growth, but contributed only one percentage point growth to volume. Segment profit increased one percent in 2012, compared to 2011, despite volume declines, due to the Rowland Coffee acquisition, while segment profit margin declined to 23.6 percent from 27.8 percent in 2011. Price increases realized during the year more than offset higher green coffee costs, and, along with a decrease in segment marketing and distribution expenses, also contributed to segment profit.

Net sales for the U.S. Retail Coffee segment increased 14 percent in 2011, compared to 2010. Price increases taken during the year contributed approximately 11 percent to net sales and more than offset a one percent volume decline. The introduction of Folgers Gourmet Selections and Millstone K-Cups offerings in the second quarter of the fiscal year added approximately three percent to U.S. Retail Coffee segment net sales in 2011. Volume decreased two percent for the Folgers brand, while Dunkin’ Donuts packaged coffee increased six percent in 2011, compared to 2010. Segment profit increased 11 percent in 2011, compared to 2010, as price increases realized during the year more than offset higher green coffee costs. Segment marketing expenses decreased 17 percent in 2011, compared to 2010, as advertising was at more typical levels in 2011 and incremental investments were made in 2010. Segment profit margin declined to 27.8 percent in 2011 from 28.5 percent in 2010.

U.S. Retail Consumer Foods

The U.S. Retail Consumer Foods segment net sales increased seven percent in 2012, compared to 2011, as the impact of price increases more than offset a six percent decline in segment volume. Jif peanut butter net sales increased 16 percent in 2012, compared to 2011, reflecting price increases taken over the past year, somewhat offset by a six percent volume decline. The overall decline in peanut butter volume was due to consumer response to significantly higher retail prices, lost peanut butter distribution with a key retailer during the year, and competitive activity. Smucker’s fruit spreads net sales increased one percent and volume was down four percent during the same period, primarily due to competitive activity, as well as fewer cross-promotional activities with peanut butter. Crisco brand net sales, including the realization of higher prices, increased five percent, while volume was down 15 percent as the brand experienced substantial price competition with private label offerings by certain retailers. For the same period, net sales for the Pillsbury brand increased nine percent and volume was flat, as declines in flour were offset by increases in baking mixes. Canned milk net sales increased three percent and volume decreased four percent during 2012, compared to 2011. U.S. Retail Consumer Foods segment profit decreased three percent in 2012, compared to 2011, primarily due to an impairment charge of approximately $4.6 million related to a regional canned milk trademark and higher segment distribution and selling expenses. Price increases taken during 2012, most notably on peanut butter, essentially offset both higher commodity costs and the volume decline. Segment profit margin was 18.8 percent in 2012, compared to 20.8 percent in 2011.

Net sales and volume for the U.S. Retail Consumer Foods segment decreased three percent in 2011, compared to 2010. Net sales and volume decreased one percent for the same period excluding potato products. Net sales included the impact of a peanut butter price reduction of five percent taken at the beginning of the fiscal year as well as Crisco oil price declines in effect during much of the year. Volume gains were realized in Jif peanut butter, Crisco oils, Smucker’s fruit spreads, and Hungry Jack pancake mixes and syrups, offset by declines in Pillsbury flour and baking mixes. The declines in Pillsbury flour and baking mixes were the result of planned reductions in lower-margin products and a competitive and promotional environment during most of the year. Regional baking brands and canned milk were also down. While segment profit in 2011 was flat compared to 2010, segment profit margin improved from 20.3 percent to 20.8 percent, as decreases in supply chain costs and marketing expenses in 2011 more than offset the gain of approximately $12.9 million on divested potato products included in 2010.

 

 

  The J. M. Smucker Company    2012 Annual Report    29

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

International, Foodservice, and Natural Foods

Net sales for the International, Foodservice, and Natural Foods segment increased 20 percent in 2012, compared to 2011. The acquisition of the Sara Lee foodservice business contributed $124.2 million to segment net sales, while Rowland Coffee contributed $16.0 million. In total, the impact of the acquisitions represented 15 percentage points of the increase in segment net sales. Excluding the impact of acquisitions, the Europe’s Best divestiture in Canada, and foreign exchange, segment net sales increased seven percent compared to the same period last year and volume declined two percent. International, Foodservice, and Natural Foods segment profit increased six percent, but declined to 14.9 percent of net sales in 2012 from 16.9 percent of net sales in 2011, partially reflecting the acquisition of the lower-margin Sara Lee foodservice business. An $11.3 million loss was recognized on the Europe’s Best divestiture in 2012, while a $17.2 million noncash impairment charge related to Europe’s Best intangible assets was recognized in 2011.

On March 26, 2012, the Company acquired a 25 percent equity interest in Guilin Seamild Biologic Technology Development Co., Ltd. (“Seamild”), a privately-owned manufacturer and marketer of oats products headquartered in Guilin in the Guangxi province of China, for $35.9 million. Seamild is accounted for as an equity method investment. It did not have a material impact on the Company’s or segment’s results of operations for the year ended April 30, 2012, and is not expected to materially impact the results of operations in 2013.

Net sales and volume for the International, Foodservice, and Natural Foods segment increased five percent and two percent, respectively, for 2011, compared to 2010. Excluding foreign exchange, net sales increased two percent compared to the same period in 2010. International, Foodservice, and Natural Foods segment profit increased 14 percent and improved to 16.9 percent of net sales in 2011 from 15.6 percent of net sales in 2010. An impairment charge of $17.2 million related to Europe’s Best intangible assets was recorded in 2011, compared to $7.3 million in 2010. The incremental impairment charge of $9.9 million reduced segment profit margin by 1.1 percentage points. However, segment profit in 2011 benefited from lower supply chain costs and favorable sales mix, primarily driven by Folgers coffee, which more than offset the impact of the higher impairment charge.

FINANCIAL CONDITION

Liquidity

 

    Year Ended April 30,  

(Dollars in millions)

   2012     2011     2010  

Net cash provided by operating activities

   $ 730.9      $ 391.6      $ 713.5   

Net cash used for investing activities

     (1,035.9 )      (192.9 )      (104.4 ) 

Net cash provided by (used for) financing activities

     219.6        (170.4 )      (788.5 ) 
 

 

 

    

 

 

    

 

 

  

Net cash provided by operating activities

   $ 730.9      $ 391.6      $ 713.5   

Additions to property, plant, and equipment

     (274.2 )      (180.1 )      (137.0 ) 
 

 

 

    

 

 

    

 

 

  

Free cash flow

   $ 456.7      $ 211.5      $ 576.5   
 

 

 

    

 

 

    

 

 

  

Amounts may not add due to rounding.

The Company’s principal source of funds is cash generated from operations, supplemented by borrowings against the Company’s revolving credit facility. Total cash and cash equivalents decreased to $229.7 million at April 30, 2012, compared to $319.8 million at April 30, 2011.

The Company typically expects a significant use of cash to fund working capital requirements during the first half of each fiscal year, primarily due to seasonal fruit procurement, the buildup of inventories to support the Fall Bake and Holiday period, and the additional increase of coffee inventory in advance of the Atlantic hurricane season. The Company expects cash provided by operations in the second half of its fiscal year to significantly exceed the amount in the first half of the year, upon completion of the Company’s Fall Bake and Holiday period.

Cash provided by operating activities was $730.9 million, $391.6 million, and $713.5 million in 2012, 2011, and 2010, respectively. The increase in cash provided by operating activities in 2012, compared to 2011, was primarily related to a decrease in working capital requirements due to lower inventory levels and a decrease in income tax payments. Additionally, as the Easter holiday occurred later in 2011, more of the collection cycle occurred during the first quarter of 2012 than it did during 2011. This increase to cash from operations related to receivables was partially offset by the Sara Lee foodservice business and Rowland Coffee receivables and the impact of higher prices. The decrease in cash provided by operating activities in 2011, compared to 2010, was primarily related to increases in commodity costs on higher inventory levels, an increase in income tax payments, and the timing of the Easter holiday.

 

 

30    The J. M. Smucker Company    2012 Annual Report  

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

The significant increase in commodity costs, primarily green coffee in the second half of 2011, was reflected in higher trade receivables and inventory balances, offset somewhat by the related impact of an increase in accounts payable in 2011, compared to 2010. Also contributing to the higher trade receivables was the Easter holiday occurring later in 2011 than in 2010 resulting in more of the collection cycle being deferred into the next fiscal year. Approximately $80.0 million of the increase in income tax payments represented a change in the timing of the payments.

Cash used for investing activities was $1,035.9 million, $192.9 million, and $104.4 million in 2012, 2011, and 2010, respectively. Cash used for investing activities in 2012 consisted mainly of $737.3 million related to the Sara Lee foodservice business and Rowland Coffee acquisitions and a record $274.2 million in capital expenditures, including approximately $134.2 million related to expenditures associated with the Company’s restructuring project. The increased cash used for investing activities in 2011, compared to 2010, was primarily due to the purchase of $75.6 million of marketable securities in 2011 and increased capital expenditures. Cash used for capital expenditures increased to $180.1 million in 2011, compared to $137.0 million in 2010, primarily related to expenditures associated with the Company’s restructuring project and corporate headquarters expansion.

Cash provided by financing activities during 2012 was $219.6 million. Proceeds of $748.6 million related to the Company’s public debt issuance were partially offset by quarterly dividend payments of $213.7 million and the purchase of treasury shares for $315.8 million, primarily representing the repurchase of approximately 4.1 million common shares available under Board of Directors’ authorizations. Cash used for financing activities during 2011 was $170.4 million. The Company’s issuance of $400.0 million in Senior Notes was more than offset by quarterly dividend payments of $194.0 million and the purchase of treasury shares for $389.1 million, including the repurchase of approximately 5.7 million common shares. Cash used for financing activities during 2010 was $788.5 million, which consisted primarily of $625.0 million in debt repayments and $166.2 million in quarterly dividend payments. The increased dividend payments in 2011, compared to 2010, resulted from increases in the quarterly dividend rate during the period.

Capital Resources

The following table presents the Company’s capital structure.

 

     April 30,  

(Dollars in millions)

    2012      2011  

Current portion of long-term debt

    $ 50.0       $ —     

Long-term debt

      2,020.5         1,304.0   
  

 

 

     

 

 

  

Total debt

    $ 2,070.5       $ 1,304.0   

Shareholders’ equity

      5,163.4         5,292.4   
  

 

 

     

 

 

  

Total capital

    $ 7,233.9       $ 6,596.4   
  

 

 

     

 

 

  

Amounts may not add due to rounding.

On October 18, 2011, the Company completed a public offering of $750.0 million in aggregate principal amount of 3.50 percent Notes due October 15, 2021. The Company received proceeds of approximately $748.6 million, net of an offering discount of $1.4 million. The 3.50 percent Notes may be redeemed at any time prior to maturity, at the option of the Company. The Notes are senior unsecured obligations and rank equally with the Company’s other unsecured and unsubordinated debt and are guaranteed fully and unconditionally, on a joint and several basis, by J. M. Smucker LLC and The Folgers Coffee Company, two of the Company’s 100 percent wholly-owned subsidiaries. A portion of the proceeds was used to fund the Sara Lee foodservice business acquisition and for the repayment of borrowings outstanding under the Company’s revolving credit facility, resulting from funding the Rowland Coffee acquisition. The remainder of the proceeds was used for general corporate purposes, including share repurchases.

On July 29, 2011, the Company entered into a second amended and restated credit agreement with a group of 10 banks, which provides for an unsecured revolving credit line of $1.0 billion and matures July 29, 2016. At April 30, 2012, the Company did not have a balance outstanding under the revolving credit facility.

During 2012, the Company repurchased approximately 4.1 million common shares, including 3.5 million under Rule 10b5-1 trading plans, for $305.3 million. At April 30, 2012, approximately 3.9 million common shares remain available for repurchase under the Board of Directors’ most recent authorization. There is no guarantee as to the exact number of shares that will be repurchased or when such purchases may occur.

Cash requirements for 2013 will include capital expenditures of approximately $210.0 million to $220.0 million, including amounts related to the restructuring program, quarterly dividend payments of almost $215.0 million based on current rates and common shares outstanding, interest and principal payments on debt obligations of approximately $100.0 million and $50.0 million, respectively, and contributions to the defined benefit pension plans of approximately $32.0 million for the year, including $20.0 million of lump-sum cash settlements. Absent any further acquisitions or other significant investments, the Company believes that cash on hand, combined with cash provided by operations and borrowings available under its credit facility, will be sufficient to meet cash requirements for the next 12 months, including capital expenditures, the payment of quarterly dividends, interest and principal on debt outstanding, and pension contributions.

 

 

  The J. M. Smucker Company    2012 Annual Report    31

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

NON-GAAP MEASURES

The Company uses non-GAAP measures including net sales excluding acquisitions, divestitures, and foreign exchange rate impact; gross profit, operating income, income, and income per diluted share, excluding special project costs; and free cash flow as key measures for purposes of evaluating performance internally. These non-GAAP measures are not intended to replace the presentation of financial results in accordance with U.S. generally accepted accounting principles (“GAAP”).

Rather, the presentation of these non-GAAP measures supplements other metrics used by management to internally evaluate its businesses and facilitate the comparison of past and present operations. These non-GAAP measures may not be comparable to similar measures used by other companies and may exclude certain nondiscretionary expenses and cash payments. The following table reconciles certain non-GAAP financial measures to the comparable GAAP financial measure.

 

 

     Year Ended April 30,  

(Dollars in thousands, except per share data)

    2012      2011      2010      2009      2008  

Reconciliation to gross profit:

               

Gross profit

    $ 1,845,223       $ 1,798,517       $ 1,786,690       $ 1,251,429       $ 782,164   

Cost of products sold – restructuring

      38,552         54,089         3,870         —           1,510   

Cost of products sold – merger and integration

      4,610         —           —           —           —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Gross profit excluding special project costs

    $ 1,888,385       $ 1,852,606       $ 1,790,560       $ 1,251,429       $ 783,674   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Reconciliation to operating income:

               

Operating income

    $ 778,283       $ 784,272       $ 790,909       $ 452,275       $ 284,559   

Cost of products sold – restructuring

      38,552         54,089         3,870         —           1,510   

Cost of products sold – merger and integration

      4,610         —           —           —           —     

Other restructuring costs

      42,589         47,868         1,841         10,229         3,237   

Other merger and integration costs

      29,904         11,194         33,692         72,666         7,967   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Operating income excluding special project costs

    $ 893,938       $ 897,423       $ 830,312       $ 535,170       $ 297,273   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Reconciliation to net income:

               

Net income

    $ 459,744       $ 479,482       $ 494,138       $ 265,953       $ 170,379   

Income taxes

      241,414         237,682         236,615         130,112         84,409   

Cost of products sold – restructuring

      38,552         54,089         3,870         —           1,510   

Cost of products sold – merger and integration

      4,610         —           —           —           —     

Other restructuring costs

      42,589         47,868         1,841         10,229         3,237   

Other merger and integration costs

      29,904         11,194         33,692         72,666         7,967   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Income before income taxes excluding special project costs

    $ 816,813       $ 830,315       $ 770,156       $ 478,960       $ 267,502   

Income taxes, as adjusted

      281,234         275,182         249,374         157,343         88,621   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Income excluding special project costs

    $ 535,579       $ 555,133       $ 520,782       $ 321,617       $ 178,881   

Weighted-average shares – assuming dilution

      113,313,567         118,276,086         119,081,445         85,547,530         56,873,492   

Income per common share excluding special project costs – assuming dilution

    $ 4.73       $ 4.69       $ 4.37       $ 3.76       $ 3.15   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

32    The J. M. Smucker Company    2012 Annual Report  

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

OFF-BALANCE SHEET ARRANGEMENTS AND CONTRACTUAL OBLIGATIONS

The Company does not have off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as variable interest entities. Transactions with related parties are in the ordinary course of business, conducted at an arm’s length basis, and not material to the Company’s results of operations, financial condition, or cash flows.

The following table summarizes the Company’s contractual obligations at April 30, 2012.

 

(Dollars in millions)

   Total     Less
Than
One Year		     One
to Three
Years		     Three
to Five
Years		     More
Than
Five
Years		  

Long-term debt obligations

   $ 2,070.5      $ 50.0      $ 150.0      $ 136.5      $ 1,734.0   

Interest payments

     749.6        97.6        183.7        169.0        299.3   

Operating lease obligations

     89.3        22.4        34.5        21.5        10.9   

Purchase obligations

     1,301.8        1,111.3        190.5        —          —     

Other noncurrent liabilities

     295.9        —          4.0        —          291.9   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 4,507.1      $ 1,281.3      $ 562.7      $ 327.0      $ 2,336.1   
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Purchase obligations in the above table include agreements to purchase goods or services that are enforceable and legally binding on the Company. Included in this category are certain obligations related to normal, ongoing purchase obligations in which the Company has guaranteed payment to ensure availability of raw materials and packaging supplies. The Company expects to receive consideration for these purchase obligations in the form of materials. The purchase obligations in the above table do not represent the entire anticipated purchases in the future, but represent only those items for which the Company is contractually obligated. Other noncurrent liabilities in the above table exclude the liability for unrecognized tax benefits and tax-related net interest and penalties of approximately $25.7 million under Financial Accounting Standards Board Accounting Standards Codification 740, Income Taxes, since the Company is unable to reasonably estimate the timing of cash settlements with the respective taxing authorities.

CRITICAL ACCOUNTING ESTIMATES AND POLICIES

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that in certain circumstances affect amounts reported in the accompanying consolidated financial statements. In preparing these financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. The Company does not believe there is a great likelihood that

materially different amounts would be reported under different conditions or using different assumptions related to the accounting policies described below. However, application of these accounting policies involves the exercise of judgment and use of assumptions as to future uncertainties and, as a result, actual results could differ from these estimates.

Revenue Recognition: The Company recognizes revenue when all of the following criteria have been met: a valid customer order with a determinable price has been received; the product has been shipped and title has transferred to the customer; there is no further significant obligation to assist in the resale of the product; and collectibility is reasonably assured. A provision for estimated returns and allowances is recognized as a reduction of sales at the time revenue is recognized.

Trade Marketing and Merchandising Programs: In order to support the Company’s products, various promotional activities are conducted through retail trade, distributors, or directly with consumers, including in-store display and product placement programs, feature price discounts, coupons, and other similar activities. The Company regularly reviews and revises, when it deems necessary, estimates of costs to the Company for these promotional programs based on estimates of what will be redeemed by retail trade, distributors, or consumers. These estimates are made using various techniques including historical data on performance of similar promotional programs. Differences between estimated expenditures and actual performance are recognized as a change in management’s estimate in a subsequent period. As the Company’s total promotional expenditures, including amounts classified as a reduction of net sales, represented approximately 23 percent of net sales in 2012, the possibility exists of materially different reported results if factors such as the level and success of the promotional programs or other conditions differ from expectations.

Income Taxes: The future tax benefit arising from the net deductible temporary differences and tax carryforwards is approximately $154.1 million and $116.9 million at April 30, 2012 and 2011, respectively. Management believes that the Company’s earnings during the periods when the temporary differences become deductible will be sufficient to realize the related future income tax benefits. For those jurisdictions where the expiration date of tax carryforwards or the projected operating results of the Company indicate that realization is not likely, a valuation allowance has been provided.

In assessing the need for a valuation allowance, the Company estimates future taxable income, considering the viability of ongoing tax planning strategies and the probable recognition of future tax deductions and loss carryforwards. Valuation allowances related to deferred tax assets can be affected by changes in tax laws, statutory tax rates, and projected future taxable income levels. Changes in estimated realization of deferred tax assets would result in an adjustment to income in the period in which that determination is made.

 

 

  The J. M. Smucker Company    2012 Annual Report    33

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

In the ordinary course of business, the Company is exposed to uncertainties related to tax filing positions and periodically assesses these tax positions for all tax years that remain subject to examination, based upon the latest information available. For uncertain tax positions, the Company has recognized a liability for unrecognized tax benefits, including any applicable interest and penalty charges.

Long-Lived Assets: Long-lived assets, except goodwill and indefinite-lived intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to future net cash flows estimated to be generated by such assets. If such assets are considered to be impaired, the impairment to be recognized is the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets. However, determining fair value is subject to estimates of both cash flows and discount rates and different estimates could yield different results. There are no events or changes in circumstances of which management is aware that indicate the carrying value of the Company’s long-lived assets may not be recoverable at April 30, 2012.

Goodwill and Other Indefinite-Lived Intangible Assets: The Company is required to test goodwill for impairment annually and more often if indicators of impairment exist. To test for goodwill impairment, the Company estimates the fair value of each of its reporting units using both a discounted cash flow valuation technique and a market-based approach. The impairment test incorporates the Company’s estimates of future cash flows, allocations of certain assets, liabilities, and cash flows among reporting units, future growth rates, terminal value amounts, and the applicable weighted-average cost of capital used to discount those estimated cash flows. The estimates and projections used in the calculation of fair value are consistent with the Company’s current and long-range plans, including anticipated changes in market conditions, industry trends, growth rates, and planned capital expenditures. Changes in forecasted operations and other estimates and assumptions could impact the assessment of impairment in the future.

At April 30, 2012, goodwill totaled $3.1 billion. Goodwill is substantially concentrated within the U.S. Retail Coffee and U.S. Retail Consumer Foods segments. No goodwill impairment was recognized as a result of the annual evaluation performed as of February 1, 2012. The estimated fair value of each reporting unit was substantially in excess of its carrying value as of the annual test date.

The Company’s other indefinite-lived intangible assets, consisting entirely of trademarks, are also tested for impairment annually and whenever events or changes in circumstances indicate their carrying value may not be recoverable. To test these assets for impairment, the Company estimates the fair value of each asset based on a discounted cash flow model using various inputs, including projected revenues, an assumed royalty rate, and a discount rate. Changes in these estimates and assumptions could impact the assessment of impairment in the future.

At April 30, 2012, other indefinite-lived intangible assets totaled $1.8 billion. Trademarks that represent the Company’s leading, iconic brands comprise more than 90 percent of the total carrying value of its other indefinite-lived intangible assets. Each of these trademarks had an estimated fair value substantially in excess of its carrying value as of the annual test date, with the exception of trademarks acquired during the year ended April 30, 2012. Management has concluded that the risk of impairment related to these trademarks is remote at April 30, 2012.

Pension and Other Postretirement Benefit Plans: To determine the Company’s ultimate obligation under its defined benefit pension plans and other postretirement benefit plans, management must estimate the future cost of benefits and attribute that cost to the time period during which each covered employee works. Various actuarial assumptions must be made in order to predict and measure costs and obligations many years prior to the settlement date, the most significant being the interest rates used to discount the obligations of the plans, the long-term rates of return on the plans’ assets, assumed pay increases, and the health care cost trend rates. Management, along with third-party actuaries and investment managers, reviews all of these assumptions on an ongoing basis to ensure that the most reasonable information available is being considered. For 2013 expense recognition, the Company will use a discount rate of 4.7 percent and 4.2 percent, and a rate of compensation increase of 4.1 percent and 4.0 percent for the U.S. and Canadian plans, respectively. The Company anticipates using an expected rate of return on plan assets of 7.0 percent for U.S. plans. For the Canadian plans, the Company anticipates using an expected rate of return on plan assets of 6.0 percent for the hourly plan and 6.3 percent for all other plans.

Recovery of Trade Receivables: In the normal course of business, the Company extends credit to customers that satisfy predefined criteria. The Company evaluates the collectibility of trade receivables based on a combination of factors. When aware that a specific customer may be unable to meet its financial obligations, such as in the case of bankruptcy filings or deterioration in the customer’s operating results or financial position, the Company records a specific reserve for bad debt to reduce the related receivable to the amount the Company reasonably believes is collectible. The Company also records reserves for bad debt for all other customers based on a variety of factors, including the length of time the receivables are past due, historical collection experience, and an evaluation of current and projected economic conditions at the balance sheet date. Actual collections of trade receivables could differ from management’s estimates due to changes in future economic or industry conditions or specific customers’ financial conditions.

DERIVATIVE FINANCIAL INSTRUMENTS AND MARKET RISK

The following discussions about the Company’s market risk disclosures involve forward-looking statements. Actual results could differ from those projected in the forward-looking statements. The Company is exposed to market risk related to changes in interest rates, foreign currency exchange rates, and commodity prices.

 

 

34    The J. M. Smucker Company    2012 Annual Report  

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

Interest Rate Risk: The fair value of the Company’s cash and cash equivalents at April 30, 2012, approximates carrying value. Exposure to interest rate risk on the Company’s long-term debt is mitigated due to fixed-rate maturities. In an effort to achieve a mix of variable versus fixed-rate debt under favorable market conditions at the time, the Company entered into an interest rate swap in 2011 on a portion of fixed-rate Senior Notes. The Company received a fixed rate and paid variable rates based on the London Interbank Offered Rate. The interest rate swap was designated as a fair value hedge and used to hedge against changes in the fair value of the debt. The instrument was recognized at fair value on the Consolidated Balance Sheet at April 30, 2011, and changes in the fair value were recognized in interest expense. The change in the fair value of the interest rate swap was offset by the change in the fair value of the long-term debt. In August 2011, the Company terminated this interest rate swap prior to maturity. As a result of the early termination, the Company received $27.0 million in cash, which included $3.1 million of interest receivable, and will realize a $23.9 million reduction of future interest expense through November 1, 2018, the maturity date of the underlying debt. The unamortized benefit at April 30, 2012, was $21.9 million and is reflected as an increase in the long-term debt balance.

In August 2011, the Company also entered into a forward-starting interest rate swap to partially hedge the risk of an increase in the benchmark interest rate during the period leading up to the $750.0 million 3.50 percent Notes public offering. The interest rate swap was designated as a cash flow hedge. The mark-to-market gains or losses on the swap were deferred and included as a component of accumulated other comprehensive (loss) income to the extent effective, and reclassified to interest expense in the period during which the hedged transaction affected earnings. In October 2011, in conjunction with the pricing of the 3.50 percent Notes, the Company terminated the interest rate swap prior to maturity resulting in a loss of $6.2 million. The resulting loss will be recognized in interest expense over the life of the related debt. The ineffective portion of the hedge was reclassified to interest expense upon termination of the swap and was not material.

Based on the Company’s overall interest rate exposure as of and during the year ended April 30, 2012, including derivatives and other instruments sensitive to interest rates, a hypothetical 10 percent movement in interest rates would not materially affect the Company’s results of operations. In measuring interest rate risk by the amount of net change in the fair value of the Company’s financial liabilities, a hypothetical one percent decrease in interest rates at April 30, 2012, would increase the fair value of the Company’s long-term debt by approximately $117.0 million.

Foreign Currency Exchange Risk: The Company has operations outside the U.S. with foreign currency denominated assets and liabilities, primarily denominated in Canadian currency. Because the Company has foreign currency denominated assets and liabilities, financial exposure may result, primarily from the timing of transactions and the movement of exchange

rates. The foreign currency balance sheet exposures as of April 30, 2012, are not expected to result in a significant impact on future earnings or cash flows.

The Company utilizes foreign currency exchange forwards and options contracts to manage the price volatility of foreign currency exchange fluctuations on future cash payments primarily related to purchases of certain raw materials, finished goods, and fixed assets in Canada. The contracts generally have maturities of less than one year. Instruments currently used to manage foreign currency exchange exposures do not meet the requirements for hedge accounting treatment and the change in value of these instruments is immediately recognized in cost of products sold. If the contract qualifies for hedge accounting treatment, to the extent the hedge is deemed effective, the associated mark-to-market gains and losses are deferred and included as a component of accumulated other comprehensive (loss) income. These gains or losses are reclassified to earnings in the period the contract is executed. The ineffective portion of these contracts is immediately recognized in earnings. Based on the Company’s hedged foreign currency positions as of April 30, 2012, a hypothetical 10 percent change in exchange rates would not result in a material loss of fair value.

Revenues from customers outside the U.S. represented nine percent of net sales during 2012. Thus, certain revenues and expenses have been, and are expected to be, subject to the effect of foreign currency fluctuations, and these fluctuations may have an impact on operating results.

Commodity Price Risk: Raw materials and other commodities used by the Company are subject to price volatility caused by supply and demand conditions, political and economic variables, weather, investor speculation, and other unpredictable factors. To manage the volatility related to anticipated commodity purchases, the Company uses futures and options with maturities generally less than one year. Certain of these instruments are designated as cash flow hedges. The mark-to-market gains or losses on qualifying hedges are included in accumulated other comprehensive (loss) income to the extent effective, and reclassified to cost of products sold in the period during which the hedged transaction affects earnings. The mark-to-market gains or losses on nonqualifying, excluded, and ineffective portions of hedges are recognized in cost of products sold immediately.

The following sensitivity analysis presents the Company’s potential loss of fair value resulting from a hypothetical 10 percent change in market prices.

 

     Year Ended April 30,  

(Dollars in millions)

    2012      2011  

Raw material commodities:

      

High

    $ 28.0       $ 24.5   

Low

      6.4         6.6   

Average

      14.6         14.7   
 

 

  The J. M. Smucker Company    2012 Annual Report    35

MANAGEMENT’S DISCUSSION AND ANALYSIS

The J. M. Smucker Company

 

 

 

The estimated fair value was determined using quoted market prices and was based on the Company’s net derivative position by commodity at each quarter end during the fiscal year. The calculations are not intended to represent actual losses in fair value that the Company expects to incur. In practice, as markets move, the Company actively manages its risk and adjusts hedging strategies as appropriate. The commodities hedged have a high inverse correlation to price changes of the derivative commodity instrument; thus, the Company would expect that any gain or loss in the estimated fair value of its derivatives would generally be offset by an increase or decrease in the estimated fair value of the underlying exposures.

FORWARD-LOOKING STATEMENTS

Certain statements included in this Annual Report contain forward-looking statements within the meaning of federal securities laws. The forward-looking statements may include statements concerning the Company’s current expectations, estimates, assumptions, and beliefs concerning future events, conditions, plans, and strategies that are not historical fact. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as “expects,” “anticipates,” “believes,” “will,” “plans,” and similar phrases.

Federal securities laws provide a safe harbor for forward-looking statements to encourage companies to provide prospective information. The Company is providing this cautionary statement in connection with the safe harbor provisions. Readers are cautioned not to place undue reliance on any forward-looking statements as such statements are by nature subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control and could cause actual results to differ materially from such statements and from the Company’s historical results and experience. These risks and uncertainties include, but are not limited to, those set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K, as well as the following:

 

  •  

volatility of commodity markets from which raw materials, particularly green coffee beans, wheat, soybean oil, milk, peanuts, and sugar, are procured and the related impact on costs;

 

  •  

risks associated with derivative and purchasing strategies employed by the Company to manage commodity pricing risks, including the risk that such strategies could result in significant losses and adversely impact the Company’s liquidity;

 

  •  

crude oil price trends and their impact on transportation, energy, and packaging costs;

 

  •  

the ability to successfully implement and realize the full benefit of price changes that are intended to fully recover cost and the competitive, retailer, and consumer response;

 

  •  

the success and cost of introducing new products and the competitive response;

  •  

the success and cost of marketing and sales programs and strategies intended to promote growth in the Company’s businesses;

 

  •  

general competitive activity in the market, including competitors’ pricing practices and promotional spending levels;

 

  •  

the ability of the Company to successfully integrate acquired and merged businesses in a timely and cost-effective manner;

 

  •  

the successful completion of the Company’s restructuring programs and the ability to realize anticipated savings and other potential benefits within the time frames currently contemplated;

 

  •  

the impact of food security concerns involving either the Company’s or its competitors’ products;

 

  •  

the impact of accidents and natural disasters, including crop failures and storm damage;

 

  •  

the concentration of certain of the Company’s businesses with key customers and suppliers and the ability to manage and maintain key relationships;

 

  •  

the loss of significant customers, a substantial reduction in orders from these customers, or the bankruptcy of any such customer;

 

  •  

changes in consumer coffee preferences and other factors affecting the coffee business, which represents a substantial portion of the Company’s business;

 

  •  

a change in outlook or downgrade in the Company’s public credit rating by a rating agency;

 

  •  

the ability of the Company to obtain any required financing;

 

  •  

the timing and amount of capital expenditures, share repurchases, and restructuring costs;

 

  •  

impairments in the carrying value of goodwill, other intangible assets, or other long-lived assets or changes in useful lives of other intangible assets;

 

  •  

the impact of new or changes to existing governmental laws and regulations and their application;

 

  •  

the impact of future legal, regulatory, or market measures regarding climate change;

 

  •  

the outcome of current and future tax examinations, changes in tax laws, and other tax matters, and their related impact on the Company’s tax positions;

 

  •  

foreign currency and interest rate fluctuations;

 

  •  

political or economic disruption;

 

  •  

other factors affecting share prices and capital markets generally; and

 

  •  

risks related to other factors described under “Risk Factors” in the other reports and statements filed by the Company with the Securities and Exchange Commission.

Readers are cautioned not to unduly rely on such forward-looking statements, which speak only as of the date made, when evaluating the information presented in this Annual Report. The Company does not undertake any obligation to update or revise these forward-looking statements to reflect new events or circumstances.

 

 

36    The J. M. Smucker Company    2012 Annual Report  

REPORT OF MANAGEMENT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

The J. M. Smucker Company

 

 

Shareholders

The J. M. Smucker Company

Management of The J. M. Smucker Company is responsible for establishing and maintaining adequate accounting and internal control systems over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities and Exchange Act of 1934, as amended. The Company’s internal control system is designed to provide reasonable assurance that the Company has the ability to record, process, summarize, and report reliable financial information on a timely basis.

The Company’s management, with the participation of the principal financial and executive officers, assessed the effectiveness of the Company’s internal control over financial reporting as of April 30, 2012. In making this assessment, management used the criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“the COSO criteria”).

Based on the Company’s assessment of internal control over financial reporting under the COSO criteria, management concluded the Company’s internal control over financial reporting was effective as of April 30, 2012.

Ernst & Young LLP, an independent registered public accounting firm, audited the effectiveness of the Company’s internal control over financial reporting as of April 30, 2012, and their report thereon is included on page 38 of this report.

 

  Richard K. Smucker   Mark R. Belgya  
  Chief Executive Officer   Senior Vice President and  
    Chief Financial Officer  

 

  The J. M. Smucker Company    2012 Annual Report    37

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON INTERNAL CONTROL OVER FINANCIAL REPORTING

The J. M. Smucker Company

 

 

Board of Directors and Shareholders

The J. M. Smucker Company

We have audited The J. M. Smucker Company’s internal control over financial reporting as of April 30, 2012, based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“the COSO criteria”). The J. M. Smucker Company’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Report of Management on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

A company’s internal control over financial reporting is a process designed 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. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, The J. M. Smucker Company maintained, in all material respects, effective internal control over financial reporting as of April 30, 2012, based on the COSO criteria.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of The J. M. Smucker Company as of April 30, 2012 and 2011, and the related statements of consolidated income, shareholders’ equity, and cash flows for each of the three years in the period ended April 30, 2012, and our report dated June 20, 2012, expressed an unqualified opinion thereon.

 

LOGO

Akron, Ohio

June 20, 2012

 

38    The J. M. Smucker Company    2012 Annual Report  

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON THE CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

Board of Directors and Shareholders

The J. M. Smucker Company

We have audited the accompanying consolidated balance sheets of The J. M. Smucker Company as of April 30, 2012 and 2011, and the related statements of consolidated income, shareholders’ equity, and cash flows for each of the three years in the period ended April 30, 2012. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of The J. M. Smucker Company at April 30, 2012 and 2011, and the consolidated results of its operations and its cash flows for each of the three years in the period ended April 30, 2012, in conformity with U.S. generally accepted accounting principles.

We also have audited in accordance with the standards of the Public Company Accounting Oversight Board (United States), The

J. M. Smucker Company’s internal control over financial reporting as of April 30, 2012, based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated June 20, 2012, expressed an unqualified opinion thereon.

 

LOGO

Akron, Ohio

June 20, 2012

 

  The J. M. Smucker Company    2012 Annual Report    39

REPORT OF MANAGEMENT ON RESPONSIBILITY FOR FINANCIAL REPORTING

The J. M. Smucker Company

 

 

Shareholders

The J. M. Smucker Company

Management of The J. M. Smucker Company is responsible for the preparation, integrity, accuracy, and consistency of the consolidated financial statements and the related financial information in this report. Such information has been prepared in accordance with U.S. generally accepted accounting principles and is based on our best estimates and judgments.

The Company maintains systems of internal accounting controls supported by formal policies and procedures that are communicated throughout the Company. There is a program of audits performed by the Company’s internal audit staff designed to evaluate the adequacy of and adherence to these controls, policies, and procedures.

Ernst & Young LLP, an independent registered public accounting firm, has audited the Company’s financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Management has made all financial records and related data available to Ernst & Young LLP during its audit.

The Company’s audit committee, comprised of three non-employee members of the Board of Directors, meets regularly with the independent registered public accounting firm and management to review the work of the internal audit staff and the work, audit scope, timing arrangements, and fees of the independent registered public accounting firm. The audit committee also regularly satisfies itself as to the adequacy of controls, systems, and financial records. The manager of the internal audit department is required to report directly to the chair of the audit committee as to internal audit matters.

It is the Company’s best judgment that its policies and procedures, its program of internal and independent audits, and the oversight activity of the audit committee work together to provide reasonable assurance that the operations of the Company are conducted according to law and in compliance with the high standards of business ethics and conduct to which the Company subscribes.

 

  Richard K. Smucker   Mark R. Belgya  
  Chief Executive Officer   Senior Vice President and  
    Chief Financial Officer  

 

40    The J. M. Smucker Company    2012 Annual Report  

For the fiscal year ended April 30, 2012

STATEMENTS OF CONSOLIDATED INCOME

The J. M. Smucker Company

 

 

 

     Year Ended April 30,  

(Dollars in thousands, except per share data)

    2012     2011     2010  

Net sales

    $ 5,525,782      $ 4,825,743      $ 4,605,289   

Cost of products sold

      3,637,397        2,973,137        2,814,729   

Cost of products sold – restructuring

      38,552        54,089        3,870   

Cost of products sold – merger and integration

      4,610        —          —     
  

 

 

    

 

 

    

 

 

  

Gross Profit

      1,845,223        1,798,517        1,786,690   

Selling, distribution, and administrative expenses

      892,683        863,114        878,221   

Amortization

      88,060        73,844        73,657   

Impairment charges

      4,590        17,599        11,658   

Other restructuring costs

      42,589        47,868        1,841   

Other merger and integration costs

      29,904        11,194        33,692   

Loss (gain) on divestitures

      11,287        —          (13,607 ) 

Other operating (income) expense – net

      (2,173 )      626        10,319   
  

 

 

    

 

 

    

 

 

  

Operating Income

      778,283        784,272        790,909   

Interest income

      1,504        2,512        2,793   

Interest expense

      (81,296 )      (69,594 )      (65,187 ) 

Other income (expense) – net

      2,667        (26 )      2,238   
  

 

 

    

 

 

    

 

 

  

Income Before Income Taxes

      701,158        717,164        730,753   

Income taxes

      241,414        237,682        236,615   
  

 

 

    

 

 

    

 

 

  

Net Income

    $ 459,744      $ 479,482      $ 494,138   
  

 

 

    

 

 

    

 

 

  

Earnings per common share:

       

Net Income

    $ 4.06      $ 4.06      $ 4.15   
  

 

 

    

 

 

    

 

 

  

Net Income – Assuming Dilution

    $ 4.06      $ 4.05      $ 4.15   
  

 

 

    

 

 

    

 

 

  

See notes to consolidated financial statements.

 

  The J. M. Smucker Company    2012 Annual Report    41

CONSOLIDATED BALANCE SHEETS

The J. M. Smucker Company

 

 

 

ASSETS     
     April 30,  

(Dollars in thousands)

    2012     2011  

Current Assets

     

Cash and cash equivalents

    $ 229,708      $ 319,845   

Trade receivables, less allowance for doubtful accounts

      347,518        344,410   

Inventories:

     

Finished products

      643,517        518,243   

Raw materials

      318,059        345,336   
  

 

 

    

 

 

  
     961,576        863,579   

Other current assets

      104,663        109,165   
  

 

 

    

 

 

  

Total Current Assets

      1,643,465        1,636,999   
  

 

 

    

 

 

  

Property, Plant, and Equipment

     

Land and land improvements

      89,599        77,074   

Buildings and fixtures

      460,242        347,950   

Machinery and equipment

      1,160,307        1,022,670   

Construction in progress

      142,983        76,778   
  

 

 

    

 

 

  
     1,853,131        1,524,472   

Accumulated depreciation

      (757,042 )      (656,590 ) 
  

 

 

    

 

 

  

Total Property, Plant, and Equipment

      1,096,089        867,882   
  

 

 

    

 

 

  

Other Noncurrent Assets

     

Goodwill

      3,054,618        2,812,746   

Other intangible assets – net

      3,187,007        2,940,010   

Other noncurrent assets

      134,047        66,948   
  

 

 

    

 

 

  

Total Other Noncurrent Assets

      6,375,672        5,819,704   
  

 

 

    

 

 

  
   $ 9,115,226      $ 8,324,585   
  

 

 

    

 

 

  

See notes to consolidated financial statements.

 

42    The J. M. Smucker Company    2012 Annual Report  

CONSOLIDATED BALANCE SHEETS

The J. M. Smucker Company

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY             
     April 30,  

(Dollars in thousands)

    2012     2011  

Current Liabilities

     

Accounts payable

    $ 274,725      $ 234,916   

Accrued compensation

      83,261        62,313   

Accrued trade marketing and merchandising

      62,111        62,588   

Dividends payable

      52,937        50,236   

Current portion of long-term debt

      50,000        —     

Other current liabilities

      93,938        72,623   
  

 

 

    

 

 

  

Total Current Liabilities

      616,972        482,676   
  

 

 

    

 

 

  

Noncurrent Liabilities

     

Long-term debt

      2,020,543        1,304,039   

Defined benefit pensions

      147,551        98,722   

Other postretirement benefits

      68,829        59,789   

Deferred income taxes

      992,692        1,042,823   

Other noncurrent liabilities

      105,253        44,173   
  

 

 

    

 

 

  

Total Noncurrent Liabilities

      3,334,868        2,549,546   
  

 

 

    

 

 

  

Shareholders’ Equity

     

Serial preferred shares – no par value:

     

Authorized – 6,000,000 shares; outstanding – none

      —          —     

Common shares – no par value:

     

Authorized – 150,000,000 shares; outstanding – 110,284,715 at April 30, 2012, and 114,172,122 at April 30, 2011 (net of 18,320,450 and 14,432,043 treasury shares, respectively), at stated value

      27,571        28,543   

Additional capital

      4,261,171        4,396,592   

Retained income

      961,207        866,933   

Amount due from ESOP Trust

      (2,572 )      (3,334 ) 

Accumulated other comprehensive (loss) income

      (83,991 )      3,629   
  

 

 

    

 

 

  

Total Shareholders’ Equity

      5,163,386        5,292,363   
  

 

 

    

 

 

  
   $ 9,115,226      $ 8,324,585   
  

 

 

    

 

 

  

See notes to consolidated financial statements.

 

  The J. M. Smucker Company    2012 Annual Report    43

STATEMENTS OF CONSOLIDATED CASH FLOWS

The J. M. Smucker Company

 

 

     Year Ended April 30,  

(Dollars in thousands)

    2012     2011     2010  

Operating Activities

       

Net income

    $ 459,744      $ 479,482      $ 494,138   

Adjustments to reconcile net income to net cash provided by operations:

       

Depreciation

      120,366        112,226        108,225   

Depreciation – restructuring and merger and integration

      38,570        53,569        3,870   

Amortization

      88,060        73,844        73,657   

Impairment charges

      4,590        17,599        11,658   

Share-based compensation expense

      21,711        24,044        25,949   

Other noncash restructuring charges

      8,030        8,540        —     

Loss on sale of assets – net

      3,390        2,867        5,776   

Loss (gain) on divestitures

      11,287        —          (13,607 ) 

Deferred income tax benefit

      (17,218 )      (59,801 )      (39,320 ) 

Changes in assets and liabilities, net of effect from businesses acquired:

       

Trade receivables

      9,286        (102,625 )      31,521   

Inventories

      (48,189 )      (204,159 )      (46,160 ) 

Other current assets

      2,978        (33,443 )      2,683   

Accounts payable and accrued items

      72,774        84,633        (34,620 ) 

Proceeds from settlement of interest rate swaps – net

      17,718        —          —     

Defined benefit pension contributions

      (11,428 )      (16,779 )      (4,436 ) 

Accrued and prepaid taxes

      (2,959 )      (78,393 )      56,227   

Other – net

      (47,781 )      29,958        37,917   
  

 

 

    

 

 

    

 

 

  

Net Cash Provided by Operating Activities

      730,929        391,562        713,478   
  

 

 

    

 

 

    

 

 

  

Investing Activities

       

Businesses acquired, net of cash acquired

      (737,255 )      —          —     

Additions to property, plant, and equipment

      (274,244 )      (180,080 )      (136,983 ) 

Equity investment in affiliate

      (35,874 )      —          —     

Proceeds from divestitures

      9,268        —          19,554   

Purchases of marketable securities

      —          (75,637 )      —     

Sales and maturities of marketable securities

      18,600        57,100        13,519   

Proceeds from disposal of property, plant, and equipment

      4,039        5,830        205   

Other – net

      (20,398 )      (126 )      (738 ) 
  

 

 

    

 

 

    

 

 

  

Net Cash Used for Investing Activities

      (1,035,864 )      (192,913 )      (104,443 ) 
  

 

 

    

 

 

    

 

 

  

Financing Activities

       

Repayment of bank note payable

      —          —          (350,000 ) 

Repayments of long-term debt

      —          (10,000 )      (275,000 ) 

Proceeds from long-term debt

      748,560        400,000        —     

Quarterly dividends paid

      (213,667 )      (194,024 )      (166,224 ) 

Purchase of treasury shares

      (315,780 )      (389,135 )      (5,569 ) 

Proceeds from stock option exercises

      2,826        14,525        6,413   

Other – net

      (2,313 )      8,215        1,832   
  

 

 

    

 

 

    

 

 

  

Net Cash Provided by (Used for) Financing Activities

      219,626        (170,419 )      (788,548 ) 

Effect of exchange rate changes on cash

      (4,828 )      8,045        6,390   
  

 

 

    

 

 

    

 

 

  

Net (decrease) increase in cash and cash equivalents

      (90,137 )      36,275        (173,123 ) 

Cash and cash equivalents at beginning of year

      319,845        283,570        456,693   
  

 

 

    

 

 

    

 

 

  

Cash and Cash Equivalents at End of Year

    $ 229,708      $ 319,845      $ 283,570   
  

 

 

    

 

 

    

 

 

  

 

(  ) Denotes use of cash

See notes to consolidated financial statements.

 

44    The J. M. Smucker Company    2012 Annual Report  

STATEMENTS OF CONSOLIDATED SHAREHOLDERS’ EQUITY

The J. M. Smucker Company

 

 

 

(Dollars in thousands, except per share data)

    Common
Shares
Outstanding		     Common
Shares		     Additional
Capital		     Retained
Income		     Amount
Due from
ESOP Trust		     Accumulated
Other
Comprehensive
(Loss) Income		     Total
Shareholders’
Equity		  

Balance at May 1, 2009

      118,422,123      $ 29,606      $ 4,547,921      $ 424,504      $ (4,830 )    $ (57,270 )    $ 4,939,931   

Net income

            494,138            494,138   

Foreign currency translation adjustment

                45,926        45,926   

Pensions and other postretirement liabilities

                (12,313 )      (12,313 ) 

Unrealized gain on available-for-sale securities

                2,652        2,652   

Unrealized gain on cash flow hedging derivatives

                424        424   
              

 

 

  

Comprehensive Income

                  530,827   

Purchase of treasury shares

      (122,483 )      (31 )      (5,383 )      (155 )          (5,569 ) 

Stock plans

      819,512        205        29,584              29,789   

Cash dividends declared – $1.45 per share

            (172,424 )          (172,424 ) 

Tax benefit of stock plans

          3,005              3,005   

Other

              761          761   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2010

      119,119,152        29,780        4,575,127        746,063        (4,069 )      (20,581 )      5,326,320   

Net income

            479,482            479,482   

Foreign currency translation adjustment

                24,773        24,773   

Pensions and other postretirement liabilities

                (5,928 )      (5,928 ) 

Unrealized gain on available-for-sale securities

                1,359        1,359   

Unrealized gain on cash flow hedging derivatives

                4,006        4,006   
              

 

 

  

Comprehensive Income

                  503,692   

Purchase of treasury shares

      (5,832,423 )      (1,458 )      (225,677 )      (162,000 )          (389,135 ) 

Stock plans

      885,393        221        39,832              40,053   

Cash dividends declared – $1.68 per share

            (196,612 )          (196,612 ) 

Tax benefit of stock plans

          7,310              7,310   

Other

              735          735   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2011

      114,172,122        28,543        4,396,592        866,933        (3,334 )      3,629        5,292,363   

Net income

            459,744            459,744   

Foreign currency translation adjustment

                (14,785 )      (14,785 ) 

Pensions and other postretirement liabilities

                (48,329 )      (48,329 ) 

Unrealized gain on available-for-sale securities

                742        742   

Unrealized loss on cash flow hedging derivatives

                (25,248 )      (25,248 ) 
              

 

 

  

Comprehensive Income

                  372,124   

Purchase of treasury shares

      (4,236,430 )      (1,059 )      (165,619 )      (149,102 )          (315,780 ) 

Stock plans

      349,023        87        25,373              25,460   

Cash dividends declared – $1.92 per share

            (216,368 )          (216,368 ) 

Tax benefit of stock plans

          4,825              4,825   

Other

              762          762   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2012

      110,284,715      $ 27,571      $ 4,261,171      $ 961,207      $ (2,572 )    $ (83,991 )    $ 5,163,386   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

See notes to consolidated financial statements.

 

  The J. M. Smucker Company    2012 Annual Report    45

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

(Dollars in thousands, unless otherwise noted, except per share data)

 

NOTE 1 ACCOUNTING POLICIES

Principles of Consolidation: The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and its majority-owned investments, if any. Intercompany transactions and accounts are eliminated in consolidation.

Use of Estimates: The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make certain estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates in these consolidated financial statements include: allowances for doubtful trade receivables, estimates of future cash flows associated with assets, asset impairments, useful lives and residual values for depreciation and amortization, loss contingencies, net realizable value of inventories, accruals for trade marketing and merchandising programs, income taxes, and the determination of discount and other rate assumptions for defined benefit pension and other postretirement benefit expenses. Actual results could differ from these estimates.

Revenue Recognition: The Company recognizes revenue, net of estimated returns and allowances, when all of the following criteria have been met: a valid customer order with a determinable price has been received; the product has been shipped and title has transferred to the customer; there is no further significant obligation to assist in the resale of the product; and collectibility is reasonably assured.

Major Customer: Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 26 percent of net sales in both 2012 and 2011, and 27 percent of net sales in 2010. These sales are primarily included in the two U.S. retail market segments. No other customer exceeded 10 percent of net sales for any year. Trade receivables at April 30, 2012 and 2011, included amounts due from Wal-Mart Stores, Inc. and subsidiaries of $84,068 and $87,623, respectively.

Shipping and Handling Costs: Shipping and handling costs are included in cost of products sold.

Trade Marketing and Merchandising Programs: In order to support the Company’s products, various promotional activities are conducted through retail trade, distributors, or directly with consumers, including in-store display and product placement programs, feature price discounts, coupons, and other similar activities. The Company regularly reviews and revises, when it deems necessary, estimates of costs to the Company for these promotional programs based on estimates of what will be redeemed by retail trade, distributors, or consumers. These estimates are made using various techniques including historical data on performance of similar promotional programs. Differences between estimated expenditures and actual performance are recognized as a change in management’s estimate in a subsequent period. As the Company’s total promotional expenditures, including amounts classified as a reduction of net sales, represented approximately 23 percent of net sales in 2012, a possibility exists of materially different reported results if factors such as the level and success of the promotional programs or other conditions differ from expectations.

Advertising Expense: Advertising costs are expensed as incurred. Advertising expense was $119,600, $115,066, and $130,583 in 2012, 2011, and 2010, respectively.

Research and Development Costs: Total research and development costs were $21,931, $20,981, and $20,963 in 2012, 2011, and 2010, respectively.

Share-Based Payments: Share-based compensation expense is recognized over the requisite service period, which includes a one-year performance period plus the defined forfeiture period, which is typically four years of service or the attainment of a defined age and years of service.

The following table summarizes amounts related to share-based payments.

 

     Year Ended April 30,  
     2012      2011      2010  

Share-based compensation expense included in selling, distribution, and administrative expenses

    $ 19,292       $ 19,896       $ 20,687   

Share-based compensation expense included in other merger and integration costs

      2,419         4,148         5,262   

Share-based compensation expense included in other restructuring costs

      105         290         —     
  

 

 

     

 

 

     

 

 

  

Total share-based compensation expense

    $ 21,816       $ 24,334       $ 25,949   
  

 

 

     

 

 

     

 

 

  

Related income tax benefit

    $ 7,511       $ 8,064       $ 8,402   
  

 

 

     

 

 

     

 

 

  

 

46    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

As of April 30, 2012, total unrecognized share-based compensation cost related to nonvested share-based awards was approximately $29,881. The weighted-average period over which this amount is expected to be recognized is 2.9 years.

Corporate income tax benefits realized upon exercise or vesting of an award in excess of that previously recognized in earnings, referred to as excess tax benefits, are presented in the Statements of Consolidated Cash Flows as a financing activity. Realized excess tax benefits are credited to additional capital in the Consolidated Balance Sheets. Realized shortfall tax benefits, amounts which are less than that previously recognized in earnings, are first offset against the cumulative balance of excess tax benefits, if any, and then charged directly to income tax expense. For 2012, 2011, and 2010, the actual tax deductible benefit realized from share-based compensation was $4,825, $7,310, and $3,005, including $4,832, $6,990, and $2,908, respectively, of excess tax benefits realized upon exercise or vesting of share-based compensation, and classified as other – net, under financing activities in the Statements of Consolidated Cash Flows.

Defined Contribution Plans: The Company offers employee savings plans for domestic and Canadian employees. The Company’s contributions under these plans are based on a specified percentage of employee contributions. Charges to operations for these plans in 2012, 2011, and 2010 were $16,078, $16,440, and $15,625, respectively.

Income Taxes: The Company accounts for income taxes using the liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the applicable tax rate is recognized in income or expense in the period that the change is effective. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will not be realized. A tax benefit is recognized when it is more likely than not to be sustained.

The Company accounts for the financial statement recognition and measurement criteria of a tax position taken or expected to be taken in a tax return under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, Income Taxes. FASB ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.

In accordance with the requirements of FASB ASC 740, uncertain tax positions have been classified in the Consolidated Balance Sheets as long term, except to the extent payment is expected within one year. The Company recognizes net interest and penalties related to unrecognized tax benefits in income tax expense.

Cash and Cash Equivalents: The Company considers all short-term, highly-liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Trade Receivables: In the normal course of business, the Company extends credit to customers. Trade receivables, less allowance for doubtful accounts, reflect the net realizable value of receivables and approximate fair value. The Company evaluates its trade receivables and establishes an allowance for doubtful accounts based on a combination of factors. When aware that a specific customer has been impacted by circumstances such as bankruptcy filings or deterioration in the customer’s operating results or financial position, potentially making it unable to meet its financial obligations, the Company records a specific reserve for bad debt to reduce the related receivable to the amount the Company reasonably believes is collectible. The Company also records reserves for bad debt for all other customers based on a variety of factors, including the length of time the receivables are past due, historical collection experience, and an evaluation of current and projected economic conditions at the balance sheet date. Trade receivables are charged off against the allowance after management determines the potential for recovery is remote. At April 30, 2012 and 2011, the allowance for doubtful accounts was $1,715 and $1,882, respectively. The net provision for the allowance for doubtful accounts decreased $167 and $480 in 2012 and 2010, respectively, and increased $361 in 2011. The Company believes there is no concentration of risk with any single customer whose failure or nonperformance would materially affect the Company’s results other than as discussed in Major Customer.

Inventories: Inventories are stated at the lower of cost or market. Cost for all inventories is determined using the first-in, first-out method applied on a consistent basis.

The cost of finished products and work-in-process inventory includes materials, direct labor, and overhead. Work-in-process is included in finished products in the Consolidated Balance Sheets and was $78,344 and $77,594 at April 30, 2012 and 2011, respectively.

 

  The J. M. Smucker Company    2012 Annual Report    47

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

Derivative Financial Instruments: The Company utilizes derivative instruments such as basis contracts, commodity futures and options contracts, foreign currency forwards and options, and interest rate swaps to manage exposures in commodity prices, foreign currency exchange rates, and interest rates. The Company accounts for these derivative instruments in accordance with FASB ASC 815, Derivatives and Hedging, which requires all derivative instruments to be recognized in the financial statements and measured at fair value regardless of the purpose or intent for holding them. For derivatives designated as a cash flow hedge that are used to hedge an anticipated transaction, changes in fair value are deferred and recognized in shareholders’ equity as a component of accumulated other comprehensive (loss) income to the extent the hedge is effective and then recognized in the Statements of Consolidated Income in the period during which the hedged transaction affects earnings. Hedge effectiveness is measured at inception and on a monthly basis. Any ineffectiveness associated with the hedge or changes in fair value of derivatives that are nonqualifying are recognized immediately in the Statements of Consolidated Income. Derivatives designated as fair value hedges that are used to hedge against changes in the fair value of the underlying long-term debt are recognized at fair value on the Consolidated Balance Sheets. Changes in the fair value of the derivative are recognized in the Statements of Consolidated Income and are offset by the change in the fair value of the underlying long-term debt. By policy, the Company historically has not entered into derivative financial instruments for trading purposes or for speculation. For additional information, see Note 12: Derivative Financial Instruments.

Property, Plant, and Equipment: Property, plant, and equipment is recognized at cost and is depreciated on a straight-line basis over the estimated useful life of the asset (3 to 20 years for machinery and equipment, 3 to 7 years for capitalized software costs, and 5 to 40 years for buildings, fixtures, and improvements).

In 2012, the Company acquired a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation (“Sara Lee foodservice business”), which included $36,168 of coffee brew equipment. Brew equipment is recorded at cost and depreciated on a straight-line basis over an estimated useful life of 3 to 5 years. Brew equipment is included in machinery and equipment in the Consolidated Balance Sheet and was $37,100 at April 30, 2012. For additional information, see Note 2: Acquisitions.

The Company leases certain land, buildings, and equipment for varying periods of time, with renewal options. Rent expense in 2012, 2011, and 2010 totaled $56,502, $57,572, and $55,010, respectively. As of April 30, 2012, the Company’s minimum operating lease obligations were as follows: $22,445 in 2013, $20,577 in 2014, $13,889 in 2015, $11,929 in 2016, and $9,561 in 2017.

Impairment of Long-Lived Assets: In accordance with FASB ASC 360, Property, Plant, and Equipment, long-lived assets, except goodwill and indefinite-lived intangible assets, are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to future net cash flows estimated by the Company to be generated by such assets. If such assets are considered to be impaired, the impairment to be recognized is the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets. Assets to be disposed of by sale are recognized as held for sale at the lower of carrying value or estimated net realizable value.

Goodwill and Other Intangible Assets: Goodwill is the excess of the purchase price paid over the estimated fair value of the net assets of the business acquired. In accordance with FASB ASC 350, Intangibles – Goodwill and Other, goodwill and other indefinite-lived intangible assets are not amortized but are reviewed at least annually for impairment. The Company conducts its annual test for impairment of goodwill and other indefinite-lived intangible assets as of February 1 of each year. A discounted cash flow valuation technique and a market-based approach are utilized to estimate the fair value of the Company’s reporting units. For annual impairment testing purposes, the Company’s reporting units are its operating segments. The discount rates utilized in the analysis are developed using a weighted-average cost of capital methodology. In addition to the annual test, the Company will test for impairment if events or circumstances occur that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. For additional information, see Note 7: Goodwill and Other Intangible Assets.

Marketable Securities and Other Investments: Under the Company’s investment policy, it may invest in debt securities deemed to be investment grade at the time of purchase for general corporate purposes. The Company determines the appropriate categorization of debt securities at the time of purchase and reevaluates such designation at each balance sheet date. The Company categorized all debt securities as available for sale as it had the intent to convert these investments into cash if and when needed. Classification of available-for-sale marketable securities as current or noncurrent is based on whether the conversion to cash is expected to be necessary for operations in the upcoming year, which is consistent with the security’s maturity date.

 

48    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

Securities categorized as available for sale are stated at fair value, with unrealized gains and losses reported as a component of accumulated other comprehensive (loss) income. The fair value of available-for-sale marketable securities was $18,600 at April 30, 2011, and was included in other current assets. All available-for-sale securities had matured or were sold prior to April 30, 2012. Proceeds of $18,600, $57,100, and $13,519 have been realized upon maturity or sale of available-for-sale marketable securities in 2012, 2011, and 2010, respectively. The Company uses specific identification to determine the basis on which securities are sold.

The Company also maintains funds for the payment of benefits associated with nonqualified retirement plans. These funds include investments considered to be available-for-sale marketable securities. At April 30, 2012 and 2011, the fair value of these investments was $43,217 and $41,560, respectively, and was included in other noncurrent assets. Included in accumulated other comprehensive (loss) income at April 30, 2012 and 2011, were unrealized gains of $3,984 and $2,817, respectively.

Foreign Currency Translation: Assets and liabilities of the Company’s foreign subsidiaries are translated using the exchange rates in effect at the balance sheet date, while income and expenses are translated using average rates. Translation adjustments are reported as a component of shareholders’ equity in accumulated other comprehensive (loss) income.

Recently Issued Accounting Standards: In June 2011, the FASB issued Accounting Standard Update (“ASU”) 2011-05, Presentation of Comprehensive Income, which eliminates the option to present the components of other comprehensive income as part of the statement of shareholders’ equity and requires the presentation of net income and other comprehensive income to be in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 does not change the components that are recognized in net income or other comprehensive income. In December 2011, the FASB issued ASU 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU 2011-05, which defers the requirement to present on the face of the financial statements reclassification adjustments for items that are reclassified from accumulated other comprehensive income to net income while the FASB further deliberates this aspect of the standard. ASU 2011-05, as amended by ASU 2011-12, will be effective May 1, 2012, for the Company. Adoption of this guidance requires retrospective application and will affect the presentation of certain elements of the Company’s financial statements, but will not otherwise have an impact on the financial statements.

In September 2011, the FASB issued ASU 2011-08, Testing Goodwill for Impairment, which simplifies the testing of goodwill for impairment. ASU 2011-08 will allow the Company the option to perform either a qualitative test or the first step of the two-step quantitative goodwill impairment test to assess the likelihood that the estimated fair value of a reporting unit is less than the carrying amount. This ASU will also be effective May 1, 2012, for the Company. The Company anticipates that adoption of ASU 2011-08 could change the annual process for goodwill impairment testing, but will not impact the financial statements or disclosures.

In December 2011, the FASB issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities. ASU 2011-11 requires the disclosure of both gross and net information about instruments and transactions eligible for offset in the consolidated balance sheet. This ASU will be effective May 1, 2013, for the Company and will require retrospective application. The Company anticipates the adoption of ASU 2011-11 will not impact the financial statements, but will expand the disclosures related to derivative instruments.

Risks and Uncertainties: The raw materials used by the Company in each of its segments are primarily commodities and agricultural-based products. Glass, plastic, steel cans, caps, carton board, and corrugate are the principal packaging materials used by the Company. The fruit and vegetable raw materials used by the Company in the production of its food products are purchased from independent growers and suppliers. Green coffee, peanuts, edible oils, sweeteners, milk, flour, corn, and other ingredients are obtained from various suppliers. The availability, quality, and cost of many of these commodities have fluctuated, and may continue to fluctuate, over time. Green coffee is sourced solely from foreign countries and its supply and price are subject to high volatility due to factors such as weather, global supply and demand, pest damage, and political and economic conditions in the source countries. Raw materials are generally available from numerous sources, although the Company has elected to source certain plastic packaging materials from single sources of supply pursuant to long-term contracts. While availability may vary year to year, the Company believes that it will continue to be able to obtain adequate supplies and that alternatives to single-sourced materials are available. The Company has not historically encountered significant shortages of key raw materials. The Company considers its relationships with key material suppliers to be good.

Approximately 28 percent of the Company’s employees are covered by union contracts at 11 locations. The contracts vary in term depending on the location, with three contracts expiring in 2013.

 

  The J. M. Smucker Company    2012 Annual Report    49

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The Company insures its business and assets in each country against insurable risks, to the extent that it deems appropriate, based upon an analysis of the relative risks and costs.

Reclassifications: Certain prior year amounts have been reclassified to conform to current year classifications.

 

NOTE 2 ACQUISITIONS

On January 3, 2012, the Company completed the acquisition of a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation, including a state-of-the-art liquid coffee manufacturing facility in Suffolk, Virginia, for $420.6 million in an all-cash transaction. Utilizing proceeds from the 3.50 percent Notes issued in October 2011, the Company paid $375.6 million, net of a working capital adjustment, and will pay Sara Lee Corporation an additional $50.0 million in declining installments over the next 10 years. The additional $50.0 million obligation was included in other current liabilities and other noncurrent liabilities in the Consolidated Balance Sheet and recorded at a present value of $45.0 million as of the date of acquisition. In addition, the Company has incurred one-time costs of $14.2 million through April 30, 2012, directly related to the merger and integration of the acquired Sara Lee foodservice business, and the charges were reported in other merger and integration costs in the Statement of Consolidated Income. Total one-time costs related to the acquisition are estimated to be approximately $25.0 million, consisting primarily of transition services provided by Sara Lee Corporation and employee separation and relocation costs, nearly all of which are cash related. The Company expects the remaining costs to be incurred over the next two fiscal years.

The acquisition included the market-leading liquid coffee concentrate business sold under the licensed Douwe Egberts brand, along with a variety of roast and ground coffee, cappuccino, tea, and cocoa products, sold through foodservice channels in North America. Liquid coffee concentrate adds a unique, high-quality, and technology-driven form of coffee to the Company’s existing foodservice product offering.

The purchase price was allocated to the underlying assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. The Company determined the estimated fair values based on independent appraisals, discounted cash flow analyses, and estimates made by management. The purchase price exceeded the estimated fair value of the net identifiable tangible and intangible assets acquired, and, as such, the excess was allocated to goodwill. The amount allocated to goodwill was primarily attributable to anticipated synergies and market expansion. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date.

 

Assets acquired:

   

Cash and cash equivalents

    $ 1,221   

Other current assets

      42,619   

Property, plant, and equipment

      92,775   

Intangible assets

      138,900   

Goodwill

      149,948   

Other noncurrent assets

      863   
  

 

 

  

Total assets acquired

    $ 426,326   
  

 

 

  

Liabilities assumed:

   

Current liabilities

    $ 3,599   

Noncurrent liabilities

      2,097   
  

 

 

  

Total liabilities assumed

    $ 5,696   
  

 

 

  

Net assets acquired

    $ 420,630   
  

 

 

  

Goodwill of $149.9 million was assigned to the International, Foodservice, and Natural Foods segment. Of the total goodwill, $143.3 million is deductible for income tax purposes.

The purchase price allocated to the identifiable intangible assets acquired is as follows:

 

Intangible assets with finite lives:

   

Customer relationships (10-year useful life)

    $ 92,000   

Technology (10-year useful life)

      23,800   

Trademarks (6-year weighted-average useful life)

      23,100   
  

 

 

  

Total intangible assets

    $ 138,900   
  

 

 

  

 

50    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The results of operations of the Sara Lee foodservice business are reported in the Company’s consolidated financial statements from the date of acquisition and include $124.2 million of total net sales, included in the International, Foodservice, and Natural Foods segment financial results, and did not have a material impact on segment profit for the year ended April 30, 2012.

On May 16, 2011, the Company completed the acquisition of the coffee brands and business operations of Rowland Coffee Roasters, Inc. (“Rowland Coffee”), a privately-held company headquartered in Miami, Florida, for $362.8 million. The acquisition included a manufacturing, distribution, and office facility in Miami. The Company utilized cash on hand and borrowed $180.0 million under its revolving credit facility to fund the transaction. In addition, the Company has incurred one-time costs of $10.7 million through April 30, 2012, directly related to the merger and integration of Rowland Coffee, which includes approximately $4.6 million in noncash expense items that were reported in cost of products sold. The remaining charges were reported in other merger and integration costs in the Statement of Consolidated Income. Total one-time costs related to the acquisition are estimated to be approximately $25.0 million, including approximately $10.0 million of noncash charges, primarily accelerated depreciation, associated with consolidating coffee production currently in Miami into the Company’s existing facilities in New Orleans, Louisiana. The Company expects the remaining costs to be incurred over the next two fiscal years.

The acquisition of Rowland Coffee, a leading producer of espresso coffee in the U.S., strengthens and broadens the Company’s leadership in the U.S. retail coffee category by adding the leading Hispanic brands, Café Bustelo and Café Pilon, to the Company’s portfolio of brands.

The purchase price was allocated to the underlying assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. The Company determined the estimated fair values based on independent appraisals, discounted cash flow analyses, and estimates made by management. The purchase price exceeded the estimated fair value of the net identifiable tangible and intangible assets acquired, and, as such, the excess was allocated to goodwill. The amount allocated to goodwill was primarily attributable to anticipated synergies and market expansion. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date.

 

Assets acquired:

   

Current assets

    $ 33,971   

Property, plant, and equipment

      29,227   

Intangible assets

      213,500   

Goodwill

      91,675   
  

 

 

  

Total assets acquired

    $ 368,373   
  

 

 

  

Liabilities assumed:

   

Current liabilities

    $ 5,527   
  

 

 

  

Total liabilities assumed

    $ 5,527   
  

 

 

  

Net assets acquired

    $ 362,846   
  

 

 

  

Goodwill of $84.8 million and $6.9 million was assigned to the U.S. Retail Coffee and the International, Foodservice, and Natural Foods segments, respectively. Of the total goodwill, $88.7 million is deductible for income tax purposes.

The purchase price allocated to the identifiable intangible assets acquired is as follows:

 

Intangible assets with finite lives:

   

Customer relationships (19-year weighted-average useful life)

    $ 147,800   

Trademark (10-year useful life)

      1,600   

Intangible assets with indefinite lives:

   

Trademarks

      64,100   
  

 

 

  

Total intangible assets

    $ 213,500   
  

 

 

  

The results of operations of the Rowland Coffee business are included in the Company’s consolidated financial statements from the date of acquisition and include $99.3 million and $16.0 million of total net sales and $13.9 million and $2.5 million of total segment profit included in the U.S. Retail Coffee and International, Foodservice, and Natural Foods segment financial results, respectively, for the year ended April 30, 2012.

 

  The J. M. Smucker Company    2012 Annual Report    51

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

If the Sara Lee foodservice business and Rowland Coffee acquisitions had occurred on May 1, 2010, pro forma consolidated net sales would have been approximately $5.7 billion and $5.3 billion for the years ended April 30, 2012 and 2011, respectively, and the contribution of the acquired businesses would not have had a material impact to reported consolidated earnings for the years ended April 30, 2012 and 2011. The pro forma consolidated results do not give effect to the synergies of the acquisitions and are not indicative of the results of operations in future periods.

 

NOTE 3 EQUITY METHOD INVESTMENT

On March 26, 2012, the Company acquired a 25 percent equity interest in Guilin Seamild Biologic Technology Development Co., Ltd. (“Seamild”), a privately-owned manufacturer and marketer of oats products headquartered in Guilin in the Guangxi province of China, for $35.9 million. Seamild’s products, primarily oatmeal and oat-based cereals, are sold under the leading Seamild brand with distribution in retail channels throughout China. Seamild’s portfolio of quality, trusted products aligns with the Company’s strategy of owning and marketing leading food brands.

The initial investment in Seamild was recorded at cost and is included in other noncurrent assets in the Consolidated Balance Sheet at April 30, 2012. The difference between the carrying amount of the investment and the underlying equity in net assets is primarily attributable to goodwill and other intangible assets. Under the equity method of accounting, the investment is adjusted for the Company’s proportionate share of earnings or losses, including consideration of basis differences resulting from the difference between the initial carrying amount of the investment and the underlying equity in net assets. The investment did not have a material impact on the Company’s consolidated financial statements for the year ended April 30, 2012.

 

NOTE 4 RESTRUCTURING

In calendar 2010, the Company announced its plan to restructure its coffee, fruit spreads, and Canadian pickle and condiments operations as part of its ongoing efforts to enhance the long-term strength and profitability of its leading brands. The initiative is a long-term investment to optimize production capacity and lower the overall cost structure. It includes capital investments for a new state-of-the-art food manufacturing facility in Orrville, Ohio; consolidation of coffee production in New Orleans, Louisiana; and the transition of the Company’s pickle and condiments production to third-party manufacturers.

Upon completion, the restructuring plan will result in a reduction of approximately 850 full-time positions and the closing of six of the Company’s facilities – Memphis, Tennessee; Ste. Marie, Quebec; Sherman, Texas; Kansas City, Missouri; Dunnville, Ontario; and Delhi Township, Ontario. The Sherman, Dunnville, Delhi Township, and Kansas City facilities have been closed and approximately 70 percent of the full-time positions have been reduced as of April 30, 2012.

During 2012, the Company increased its estimate of the total anticipated restructuring costs from approximately $235.0 million to $245.0 million, consisting primarily of increases to employee separation and site preparation and equipment relocation charges. The Company has incurred cumulative costs of $188.8 million related to the initiative through April 30, 2012. The majority of the remaining costs are anticipated to be recognized over the next two fiscal years.

 

52    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The following table summarizes the restructuring activity, including the liabilities recorded and the total amount expected to be incurred.

 

     Long-Lived
Asset Charges		     Employee
Separation		     Site Preparation
and Equipment
Relocation		     Production
Start-up		     Other Costs     Total  

Total expected restructuring charge

    $ 105,000      $ 71,000      $ 31,000      $ 26,000      $ 12,000      $ 245,000   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at May 1, 2009

    $ —        $ —        $ —        $ —        $ —        $ —     

Charge to expense

      3,870        1,139        407        16        279        5,711   

Cash payments

      —          (50 )      (407 )      (16 )      (279 )      (752 ) 

Noncash utilization

      (3,870 )      —          —          —          —          (3,870 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2010

    $ —        $ 1,089      $ —        $ —        $ —        $ 1,089   

Charge to expense

      53,569        36,010        6,192        5,194        992        101,957   

Cash payments

      —          (18,361 )      (6,192 )      (5,194 )      (992 )      (30,739 ) 

Noncash utilization

      (53,569 )      (8,540 )      —          —          —          (62,109 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2011

    $ —        $ 10,198      $ —        $ —        $ —        $ 10,198   

Charge to expense

      34,195        20,364        12,963        10,689        2,930        81,141   

Cash payments

      —          (13,754 )      (12,963 )      (10,689 )      (2,930 )      (40,336 ) 

Noncash utilization

      (34,195 )      (8,030 )      —          —          —          (42,225 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2012

    $ —        $ 8,778      $ —        $ —        $ —        $ 8,778   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Remaining expected restructuring charge

    $ 13,366      $ 13,487      $ 11,438      $ 10,101      $ 7,799      $ 56,191   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

During the years ended April 30, 2012, 2011, and 2010, total restructuring charges of $81.1 million, $102.0 million, and $5.7 million, respectively, were reported in the Statements of Consolidated Income. Of the total restructuring charges, $38.6 million, $54.1 million, and $3.9 million were reported in cost of products sold in the years ended April 30, 2012, 2011, and 2010, respectively. The remaining charges were reported in other restructuring costs. The restructuring costs classified as cost of products sold primarily include long-lived asset charges for accelerated depreciation related to property, plant, and equipment that will be used at the affected production facilities until they are closed or sold.

Employee separation costs include severance, retention bonuses, and pension costs. Severance costs and retention bonuses are being recognized over the estimated future service period of the affected employees. The obligation related to employee separation costs is included in other current liabilities in the Consolidated Balance Sheets. For additional information on the impact of the restructuring plan on defined benefit pension and other postretirement benefit plans, see Note 8: Pensions and Other Postretirement Benefits.

Other costs include professional fees, costs related to closing the facilities, and miscellaneous expenditures associated with the Company’s restructuring initiative and are expensed as incurred.

 

NOTE 5 REPORTABLE SEGMENTS

The Company operates in one industry: the manufacturing and marketing of food products. The Company has three reportable segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, and International, Foodservice, and Natural Foods. The U.S. Retail Coffee segment primarily represents the domestic sales of Folgers, Dunkin’ Donuts, Millstone, Café Bustelo, and Café Pilon branded coffee; the U.S. Retail Consumer Foods segment primarily includes domestic sales of Smucker’s, Crisco, Jif, Pillsbury, Eagle Brand, Hungry Jack, and Martha White branded products; and the International, Foodservice, and Natural Foods segment is comprised of products distributed domestically and in foreign countries through retail channels, foodservice distributors and operators (e.g., restaurants, lodging, schools and universities, health care operators), and health and natural foods stores and distributors.

 

  The J. M. Smucker Company    2012 Annual Report    53

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

Segment profit represents revenue, less direct and allocable operating expenses, and is consistent with the way in which the Company manages segments. However, the Company does not represent that the segments, if operated independently, would report the segment profit set forth below, as segment profit excludes certain operating expenses such as corporate administrative expenses. Segment assets represent direct and allocable assets, including certain corporate-held assets such as property, plant, and equipment, and are also set forth in the following table.

 

     Year Ended April 30,  
     2012     2011     2010  

Net sales:

       

U.S. Retail Coffee

    $ 2,297,737      $ 1,930,869      $ 1,700,458   

U.S. Retail Consumer Foods

      2,094,456        1,953,043        2,004,700   

International, Foodservice, and Natural Foods

      1,133,589        941,831        900,131   
  

 

 

    

 

 

    

 

 

  

Total net sales

    $ 5,525,782      $ 4,825,743      $ 4,605,289   
  

 

 

    

 

 

    

 

 

  

Segment profit:

       

U.S. Retail Coffee

    $ 543,012      $ 536,133      $ 484,006   

U.S. Retail Consumer Foods

      393,300        406,455        407,721   

International, Foodservice, and Natural Foods

      168,572        159,580        140,404   
  

 

 

    

 

 

    

 

 

  

Total segment profit

    $ 1,104,884      $ 1,102,168      $ 1,032,131   
  

 

 

    

 

 

    

 

 

  

Interest income

      1,504        2,512        2,793   

Interest expense

      (81,296 )      (69,594 )      (65,187 ) 

Share-based compensation expense

      (19,292 )      (19,896 )      (20,687 ) 

Cost of products sold – restructuring

      (38,552 )      (54,089 )      (3,870 ) 

Cost of products sold – merger and integration

      (4,610 )      —          —     

Other restructuring costs

      (42,589 )      (47,868 )      (1,841 ) 

Other merger and integration costs

      (29,904 )      (11,194 )      (33,692 ) 

Corporate administrative expenses

      (191,654 )      (184,849 )      (181,132 ) 

Other income (expense) – net

      2,667        (26 )      2,238   
  

 

 

    

 

 

    

 

 

  

Income before income taxes

    $ 701,158      $ 717,164      $ 730,753   
  

 

 

    

 

 

    

 

 

  

Assets:

       

U.S. Retail Coffee

    $ 5,033,561      $ 4,830,127      $ 4,625,502   

U.S. Retail Consumer Foods

      2,612,732        2,416,037        2,327,466   

International, Foodservice, and Natural Foods

      1,179,624        684,434        694,478   

Unallocated (A)

      289,309        393,987        327,407   
  

 

 

    

 

 

    

 

 

  

Total assets

    $ 9,115,226      $ 8,324,585      $ 7,974,853   
  

 

 

    

 

 

    

 

 

  

Depreciation, amortization, and impairment charges:

       

U.S. Retail Coffee

    $ 102,323      $ 95,423      $ 99,490   

U.S. Retail Consumer Foods

      46,744        43,280        44,727   

International, Foodservice, and Natural Foods

      37,698        41,680        28,976   

Unallocated (B)

      64,821        76,855        24,217   
  

 

 

    

 

 

    

 

 

  

Total depreciation, amortization, and impairment charges

    $ 251,586      $ 257,238      $ 197,410   
  

 

 

    

 

 

    

 

 

  

Additions to property, plant, and equipment:

       

U.S. Retail Coffee

    $ 86,903      $ 59,910      $ 52,198   

U.S. Retail Consumer Foods

      159,544        88,217        58,457   

International, Foodservice, and Natural Foods

      27,797        31,953        26,328   
  

 

 

    

 

 

    

 

 

  

Total additions to property, plant, and equipment

    $ 274,244      $ 180,080      $ 136,983   
  

 

 

    

 

 

    

 

 

  

 

(A) Primarily represents unallocated cash and cash equivalents and corporate-held investments.
(B) Primarily represents unallocated depreciation expense included in cost of products sold – restructuring, cost of products sold – merger and intergration, and corporate administrative expenses.

 

54    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The following table presents certain geographical information.

 

     Year Ended April 30,  
     2012      2011      2010  

Net sales:

         

Domestic

    $ 5,014,695       $ 4,358,091       $ 4,167,042   

International:

         

Canada

    $ 447,004       $ 409,710       $ 385,870   

All other international

      64,083         57,942         52,377   
  

 

 

     

 

 

     

 

 

  

Total international

    $ 511,087       $ 467,652       $ 438,247   
  

 

 

     

 

 

     

 

 

  

Total net sales

    $ 5,525,782       $ 4,825,743       $ 4,605,289   
  

 

 

     

 

 

     

 

 

  

Assets:

         

Domestic

    $ 8,721,449       $ 7,912,311       $ 7,591,931   

International:

         

Canada

    $ 386,026       $ 406,576       $ 376,788   

All other international

      7,751         5,698         6,134   
  

 

 

     

 

 

     

 

 

  

Total international

    $ 393,777       $ 412,274       $ 382,922   
  

 

 

     

 

 

     

 

 

  

Total assets

    $ 9,115,226       $ 8,324,585       $ 7,974,853   
  

 

 

     

 

 

     

 

 

  

Long-lived assets (excluding goodwill and other intangibles):

         

Domestic

    $ 1,164,802       $ 885,952       $ 854,523   

International:

         

Canada

    $ 28,072       $ 48,172       $ 61,743   

All other international

      37,262         706         712   
  

 

 

     

 

 

     

 

 

  

Total international

    $ 65,334       $ 48,878       $ 62,455   
  

 

 

     

 

 

     

 

 

  

Total long-lived assets (excluding goodwill and other intangibles)

    $ 1,230,136       $ 934,830       $ 916,978   
  

 

 

     

 

 

     

 

 

  

The following table presents product sales information.

 

     Year Ended April 30,  
     2012     2011     2010  

Coffee

      48 %      44 %      40 % 

Peanut butter

      12        12        12   

Fruit spreads

      7        8        8   

Shortening and oils

      7        7        8   

Baking mixes and frostings

      6        6        6   

Canned milk

      5        5        5   

Flour and baking ingredients

      5        5        5   

Portion control

      2        3        3   

Juices and beverages

      2        3        3   

Handheld frozen sandwiches

      2        2        3   

Toppings and syrups

      2        2        2   

Other

      2        3        5   
  

 

 

    

 

 

    

 

 

  

Total product sales

      100 %      100 %      100 % 
  

 

 

    

 

 

    

 

 

  

 

  The J. M. Smucker Company    2012 Annual Report    55

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

NOTE 6 EARNINGS PER SHARE

The following table sets forth the computation of net income per common share and net income per common share – assuming dilution under the two-class method.

 

     Year Ended April 30,  
     2012      2011      2010  

Computation of net income per common share:

         

Net income

    $ 459,744       $ 479,482       $ 494,138   

Net income allocated to participating securities

      4,267         4,692         4,321   
  

 

 

     

 

 

     

 

 

  

Net income allocated to common stockholders

    $ 455,477       $ 474,790       $ 489,817   
  

 

 

     

 

 

     

 

 

  

Weighted-average common shares outstanding

      112,212,677         117,009,362         117,911,160   
  

 

 

     

 

 

     

 

 

  

Net income per common share

    $ 4.06       $ 4.06       $ 4.15   
  

 

 

     

 

 

     

 

 

  

Computation of net income per common share – assuming dilution:

         

Net income

    $ 459,744       $ 479,482       $ 494,138   

Net income allocated to participating securities

      4,266         4,690         4,318   
  

 

 

     

 

 

     

 

 

  

Net income allocated to common stockholders

    $ 455,478       $ 474,792       $ 489,820   
  

 

 

     

 

 

     

 

 

  

Weighted-average common shares outstanding

      112,212,677         117,009,362         117,911,160   

Dilutive effect of stock options

      49,616         110,335         130,011   
  

 

 

     

 

 

     

 

 

  

Weighted-average common shares outstanding – assuming dilution

      112,262,293         117,119,697         118,041,171   
  

 

 

     

 

 

     

 

 

  

Net income per common share – assuming dilution

    $ 4.06       $ 4.05       $ 4.15   
  

 

 

     

 

 

     

 

 

  

The following table reconciles the weighted-average common shares used in the basic and diluted earnings per share disclosures to the total weighted-average shares outstanding.

 

     Year Ended April 30,  
     2012      2011      2010  

Weighted-average common shares outstanding

      112,212,677         117,009,362         117,911,160   

Weighted-average participating shares outstanding

      1,051,274         1,156,389         1,040,274   
  

 

 

     

 

 

     

 

 

  

Weighted-average shares outstanding

      113,263,951         118,165,751         118,951,434   

Dilutive effect of stock options

      49,616         110,335         130,011   
  

 

 

     

 

 

     

 

 

  

Weighted-average shares outstanding – assuming dilution

      113,313,567         118,276,086         119,081,445   
  

 

 

     

 

 

     

 

 

  

 

56    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

NOTE 7 GOODWILL AND OTHER INTANGIBLE ASSETS

A summary of changes in the Company’s goodwill during the years ended April 30, 2012 and 2011, by reportable segment is as follows:

 

     U.S. Retail
Coffee		     U.S. Retail
Consumer
Foods		     International,
Foodservice, and
Natural Foods		      Total  

Balance at May 1, 2010

    $ 1,635,413      $ 1,034,395      $ 137,922       $ 2,807,730   

Other

      (47 )      1,772        3,291         5,016   
  

 

 

    

 

 

    

 

 

     

 

 

  

Balance at April 30, 2011

    $ 1,635,366      $ 1,036,167      $ 141,213       $ 2,812,746   

Acquisitions

      84,845        —          156,778         241,623   

Other

      86        (925 )      1,088         249   
  

 

 

    

 

 

    

 

 

     

 

 

  

Balance at April 30, 2012

    $ 1,720,297      $ 1,035,242      $ 299,079       $ 3,054,618   
  

 

 

    

 

 

    

 

 

     

 

 

  

Included in the other category at April 30, 2012 and 2011, were foreign currency exchange and other adjustments.

The Company’s other intangible assets and related accumulated amortization and impairment charges are as follows:

 

     April 30, 2012      April 30, 2011  
     Acquisition
Cost		      Accumulated
Amortization/
Impairment
Charges		      Net      Acquisition
Cost		      Accumulated
Amortization/
Impairment
Charges		      Net  

Finite-lived intangible assets subject to amortization:

                  

Customer and contractual relationships

    $ 1,415,084       $ 238,419       $ 1,176,665       $ 1,180,000       $ 168,125       $ 1,011,875   

Patents and technology

      158,770         36,888         121,882         134,970         25,980         108,990   

Trademarks

      62,554         18,854         43,700         35,153         6,652         28,501   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total intangible assets subject to amortization

    $ 1,636,408       $ 294,161       $ 1,342,247       $ 1,350,123       $ 200,757       $ 1,149,366   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Indefinite-lived intangible assets not subject to amortization:

                  

Trademarks

    $ 1,855,621       $ 10,861       $ 1,844,760       $ 1,799,862       $ 9,218       $ 1,790,644   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total other intangible assets

    $ 3,492,029       $ 305,022       $ 3,187,007       $ 3,149,985       $ 209,975       $ 2,940,010   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Amortization expense for finite-lived intangible assets was $87,721, $73,438, and $72,417 in 2012, 2011, and 2010, respectively. The weighted-average useful life of the finite-lived intangible assets is 18 years. Based on the amount of intangible assets subject to amortization at April 30, 2012, the estimated amortization expense for each of the succeeding five years is approximately $96,000.

The Company reviews goodwill and other indefinite-lived intangible assets at least annually for impairment. The annual impairment review was performed as of February 1, 2012. Goodwill impairment is tested at the reporting unit level which is the Company’s operating segments.

Nonrecurring fair value adjustments of $4,590, $17,599, and $11,658 were recognized related to the impariment of certain intangible assets in 2012, 2011, and 2010, respectively. The impairment recognized in 2012 was related to a finite-lived trademark. The impairment was recognized in the fourth quarter when the Company evaluated the historical performance and future growth of this regional canned milk brand. The Company utilized Level 3 inputs based on management’s best estimates and assumptions to estimate the fair value of the trademark and concluded the trademark had no value. The majority of the impairment recognized in 2011 and 2010 was related to the Europe’s Best trademark and customer relationship. In October 2011, the Company sold the Europe’s Best frozen fruit and vegetable business, resulting in a loss of $11,287.

 

  The J. M. Smucker Company    2012 Annual Report    57

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

NOTE 8 PENSIONS AND OTHER POSTRETIREMENT BENEFITS

The Company has defined benefit pension plans covering certain domestic and Canadian employees. Benefits are based on the employee’s years of service and compensation. The Company’s plans are funded in conformity with the funding requirements of applicable government regulations.

In addition to providing pension benefits, the Company sponsors several unfunded, defined postretirement plans that provide health care and life insurance benefits to certain retired domestic and Canadian employees. These plans are contributory, with retiree contributions adjusted periodically, and contain other cost-sharing features, such as deductibles and coinsurance. Covered employees generally are eligible for these benefits when they reach age 55 and have attained 10 years of credited service.

Upon completion of the restructuring activity discussed in Note 4: Restructuring, approximately 850 full-time positions will be reduced. The Company has included the estimated impact of the planned reductions in measuring the U.S. and Canadian benefit obligation of the pension plans and other postretirement plans at April 30, 2012. As a result, the benefit obligation of the pension plans and other postretirement plans decreased by approximately $2,700 and increased by approximately $1,900, respectively. Included in the following tables are charges recognized for termination benefits, curtailment, and settlement as a result of the restructuring plan.

The following table summarizes the components of net periodic benefit cost and the change in accumulated other comprehensive (loss) income related to the defined benefit pension and other postretirement plans.

 

     Defined Benefit Pension Plans     Other Postretirement Benefits  

Year Ended April 30,

    2012     2011     2010     2012     2011     2010  

Service cost

    $ 8,050      $ 7,504      $ 5,755      $ 2,348      $ 1,620      $ 1,525   

Interest cost

      26,210        25,491        24,788        3,075        2,775        2,607   

Expected return on plan assets

      (26,955 )      (26,848 )      (22,894 )      —          —          —     

Amortization of prior service cost (credit)

      1,117        1,146        1,362        (425 )      (489 )      (489 ) 

Amortization of net actuarial loss (gain)

      9,381        10,294        6,291        (43 )      (536 )      (1,043 ) 

Curtailment loss (gain)

      1,124        4,095        —          (115 )      —          —     

Settlement loss

      1,066        —          —          —          —          —     

Termination benefit cost

      1,838        8,395        —          2,030        2,413        —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost

    $ 21,831      $ 30,077      $ 15,302      $ 6,870      $ 5,783      $ 2,600   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Other changes in plan assets and benefit liabilities recognized in accumulated other comprehensive (loss) income before income taxes:

             

Prior service cost arising during the year

    $ —        $ (359 )    $ (1,334 )    $ —        $ (925 )    $ —     

Net actuarial loss arising during the year

      (82,125 )      (13,533 )      (13,713 )      (4,163 )      (7,769 )      (3,248 ) 

Amortization of prior service cost (credit)

      1,117        1,146        1,362        (425 )      (489 )      (489 ) 

Amortization of net actuarial loss (gain)

      9,381        10,294        6,291        (43 )      (536 )      (1,043 ) 

Curtailment loss (gain)

      1,124        4,095        —          (115 )      —          —     

Settlement loss

      1,066        —          —          —          —          —     

Foreign currency translation

      1,092        (2,032 )      (5,932 )      (69 )      104        173   

Other adjustments

      23        —          (71 )      —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net change for year

    $ (68,322 )    $ (389 )    $ (13,397 )    $ (4,815 )    $ (9,615 )    $ (4,607 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average assumptions used in determining net periodic benefit costs:

             

U.S. plans:

             

Discount rate

      5.50 %      5.80 %      7.40 %      5.50 %      5.80 %      7.40 % 

Expected return on plan assets

      7.00        7.50        7.75        —          —          —     

Rate of compensation increase

      4.14        4.15        3.79        —          —          —     

Canadian plans:

             

Discount rate

      5.00 %      5.30 %      5.40 %      5.00 %      5.30 %      5.40 % 

Expected return on plan assets

      6.66        7.08        7.33        —          —          —     

Rate of compensation increase

      4.00        4.00        4.00        —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

The Company uses a measurement date of April 30 to determine defined benefit pension plans and other postretirement benefits’ assets and benefit obligations.

 

58    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The following table sets forth the combined status of the plans as recognized in the Consolidated Balance Sheets.

 

     Defined Benefit Pension Plans     Other Postretirement Benefits  

April 30,

    2012     2011     2012     2011  

Change in benefit obligation:

         

Benefit obligation at beginning of year

    $ 503,346      $ 450,728      $ 59,789      $ 45,592   

Service cost

      8,050        7,504        2,348        1,620   

Interest cost

      26,210        25,491        3,075        2,775   

Amendments

      —          359        —          925   

Actuarial loss

      60,019        30,276        4,278        7,769   

Participant contributions

      514        498        1,412        1,077   

Benefits paid

      (28,603 )      (30,502 )      (3,595 )      (3,674 ) 

Foreign currency translation adjustments

      (5,052 )      8,446        (526 )      1,270   

Curtailment

      398        2,151        (115 )      —     

Settlement

      (4,974 )      —          —          —     

Termination benefit cost

      1,838        8,395        2,030        2,413   

Other adjustments

      —          —          133        22   
  

 

 

    

 

 

    

 

 

    

 

 

  

Benefit obligation at end of year

    $ 561,746      $ 503,346      $ 68,829      $ 59,789   
  

 

 

    

 

 

    

 

 

    

 

 

  

Change in plan assets:

         

Fair value of plan assets at beginning of year

    $ 407,600      $ 367,322      $ —        $ —     

Actual return on plan assets

      5,246        45,743        —          —     

Company contributions

      11,428        16,779        2,165        2,576   

Participant contributions

      514        498        1,412        1,077   

Benefits paid

      (28,603 )      (30,502 )      (3,595 )      (3,674 ) 

Foreign currency translation adjustments

      (4,744 )      7,760        —          —     

Settlement

      (4,974 )      —          —          —     

Other adjustments

      —          —          18        21   
  

 

 

    

 

 

    

 

 

    

 

 

  

Fair value of plan assets at end of year

    $ 386,467      $ 407,600      $ —        $ —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Funded status of the plans

    $ (175,279 )    $ (95,746 )    $ (68,829 )    $ (59,789 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Other noncurrent assets

    $ —        $ 2,976      $ —        $ —     

Defined benefit pensions

      (147,551 )      (98,722 )      —          —     

Accrued compensation

      (27,728 )      —          —          —     

Postretirement benefits other than pensions

      —          —          (68,829 )      (59,789 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net benefit liability

    $ (175,279 )    $ (95,746 )    $ (68,829 )    $ (59,789 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

The Company will offer terminated pension participants a lump-sum cash settlement in order to reduce the Company’s future pension obligation and administrative costs. Approximately $20,000 of the $27,728 in accrued compensation relates to the anticipated lump-sum payments.

The following table summarizes amounts recognized in accumulated other comprehensive (loss) income in the Consolidated Balance Sheets, before income taxes.

 

     Defined Benefit Pension Plans     Other Postretirement Benefits  

April 30,

    2012     2011     2012      2011  

Net actuarial (loss) gain

    $ (204,471 )    $ (134,306 )    $ 2,293       $ 6,683   

Prior service (cost) credit

      (2,966 )      (4,809 )      1,704         2,129   
  

 

 

    

 

 

    

 

 

     

 

 

  

Total recognized in accumulated other comprehensive (loss) income

    $ (207,437 )    $ (139,115 )    $ 3,997       $ 8,812   
  

 

 

    

 

 

    

 

 

     

 

 

  

During 2013, the Company expects to recognize amortization of net actuarial losses and prior service cost of $13,298 and $588, respectively, in net periodic benefit cost.

 

  The J. M. Smucker Company    2012 Annual Report    59

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The following table sets forth the assumptions used in determining the benefit obligations.

 

     Defined Benefit Pension Plans     Other
Postretirement Benefits		  

April 30,

    2012     2011     2012     2011  

Weighted-average assumptions used in determining benefit obligation:

         

U.S. plans:

         

Discount rate

      4.70 %      5.50 %      4.70 %      5.50 % 

Rate of compensation increase

      4.14        4.14        —          —     

Canadian plans:

         

Discount rate

      4.20 %      5.00 %      4.20 %      5.00 % 

Rate of compensation increase

      4.00        4.00        —          —     

For 2013, the assumed health care trend rates are 8.0 percent and 6.5 percent for the U.S. and Canadian plans, respectively. The rate for participants under age 65 is assumed to decrease to 5.0 percent in 2019 and 4.5 percent in 2017 for the U.S. and Canadian plans, respectively. The health care cost trend rate assumption has a significant effect on the amount of the other postretirement benefits obligation and periodic other postretirement benefits cost reported.

A one-percentage point annual change in the assumed health care cost trend rate would have the following effect as of April 30, 2012:

 

     One-Percentage Point  
     Increase      Decrease  

Effect on total service and interest cost components

    $ 209       $ 176   

Effect on benefit obligation

      3,274         2,844   

The following table sets forth selective information pertaining to the Company’s Canadian pension and other postretirement benefit plans.

 

     Defined Benefit Pension Plans     Other Postretirement Benefits  

Year Ended April 30,

    2012     2011     2012     2011  

Benefit obligation at end of year

    $ 125,708      $ 123,600      $ 13,255      $ 12,898   

Fair value of plan assets at end of year

      104,475        113,814        —          —     
  

 

 

    

 

 

    

 

 

    

 

 

  

Funded status of the plans

    $ (21,233 )    $ (9,786 )    $ (13,255 )    $ (12,898 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Components of net periodic benefit cost:

         

Service cost

    $ 1,362      $ 1,470      $ 39      $ 34   

Interest cost

      5,616        5,713        570        596   

Expected return on plan assets

      (7,018 )      (6,912 )      —          —     

Amortization of net actuarial loss (gain)

      2,983        4,836        (4 )      (39 ) 

Curtailment loss (gain)

      —          185        (115 )      —     

Settlement loss

      1,066        —          —          —     

Termination benefit cost

      —          933        —          —     

Other

      —          6        —          (1 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net periodic benefit cost

    $ 4,009      $ 6,231      $ 490      $ 590   
  

 

 

    

 

 

    

 

 

    

 

 

  

Changes in plan assets:

         

Company contributions

    $ 6,123      $ 4,629      $ 762      $ 771   

Participant contributions

      514        498        —          —     

Benefits paid

      (9,324 )      (8,595 )      (762 )      (771 ) 

Actual return on plan assets

      3,066        10,419        —          —     

Foreign currency translation

      (4,744 )      7,760        —          —     

Settlement loss

      (4,974 )      —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

  

 

60    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The following table sets forth additional information related to the Company’s defined benefit pension plans.

 

     April 30,  
     2012      2011  

Accumulated benefit obligation for all pension plans

    $ 523,584       $ 468,604   

Plans with an accumulated benefit obligation in excess of plan assets:

      

Accumulated benefit obligation

      523,584         436,329   

Fair value of plan assets

      386,467         371,895   

Plans with a projected benefit obligation in excess of plan assets:

      

Projected benefit obligation

      561,746         473,555   

Fair value of plan assets

      386,467         374,741   

The Company employs a total return on investment approach for the defined benefit pension plans’ assets. A mix of equity, fixed-income, and alternative investments is used to maximize the long-term rate of return on assets for the level of risk. In determining the expected long-term rate of return on the defined benefit pension plans’ assets, management considers the historical rates of return, the nature of investments, the asset allocation, and expectations of future investment strategies.

The following tables summarize the fair value of the major asset classes for the U.S. and Canadian defined benefit pension plans and the levels within the fair value hierarchy in which the fair value measurements fall.

 

     Quoted Prices in
Active  Markets for
Identical Assets
(Level 1)		      Significant
Observable
Inputs
(Level 2)		      Significant
Unobservable
Inputs
(Level 3)		      Fair Value at
April  30, 2012		  

Cash and cash equivalents (A)

    $ 13,999       $ —         $ —         $ 13,999   

Equity securities:

            

U.S. (B)

      79,582         16,872         —           96,454   

International (C)

      65,361         13,029         —           78,390   

Fixed-income securities:

            

Bonds (D)

      82,109         —           —           82,109   

Fixed income (E)

      76,866         —           —           76,866   

Other types of investments:

            

Hedge funds (F)

      —           —           22,351         22,351   

Private equity funds (F)

      —           —           16,298         16,298   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total financial assets measured at fair value

    $ 317,917       $ 29,901       $ 38,649       $ 386,467   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

  The J. M. Smucker Company    2012 Annual Report    61

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

 

     Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		      Significant
Observable
Inputs
(Level 2)		      Significant
Unobservable
Inputs
(Level 3)		      Fair Value at
April 30, 2011		  

Cash and cash equivalents (A)

    $ 6,006       $ —         $ —         $ 6,006   

Equity securities:

            

U.S. (B)

      82,457         18,930         4,777         106,164   

International (C)

      40,189         41,808         —           81,997   

Fixed-income securities:

            

Bonds (D)

      65,126         17,610         —           82,736   

Fixed income (E)

      45,515         34,544         —           80,059   

Other types of investments:

            

Hedge funds (F)

      —           —           37,451         37,451   

Private equity funds (F)

      —           —           13,187         13,187   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total financial assets measured at fair value

    $ 239,293       $ 112,892       $ 55,415       $ 407,600   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(A) This category includes money market holdings with maturities of three months or less and are classified as Level 1. Based on the short-term nature of these assets, carrying value approximates fair value.
(B) This category is invested primarily in a portfolio of common stocks included in the Russell 1000 Index and traded on active exchanges. The Level 1 assets are valued using quoted market prices for identical securities in active markets. The Level 2 assets are funds that consist of equity securities traded on active exchanges. The Level 3 assets are valued at approximate fair value. No assets were classified as Level 3 as of April 30, 2012.
(C) This category is invested primarily in common stocks and other equity securities traded on active exchanges whose issuers are located outside of the U.S. The fund invests primarily in developed countries, but may also invest in emerging markets. The Level 1 assets are valued using quoted market prices for identical securities in active markets. The Level 2 assets are funds that consist of equity securities traded on active exchanges.
(D) This category seeks to duplicate the return characteristics of high-quality corporate bonds with a duration range of 10 to 13 years. The Level 1 assets are valued using quoted market prices for identical securities in active markets. The Level 2 assets are funds that consist of bonds traded on active exchanges. No assets were classified as Level 2 as of April 30, 2012.
(E) This category is comprised of a core fixed-income fund that invests at least 80 percent of its assets in investment-grade U.S. corporate and government fixed-income securities, including mortgage-backed securities. The Level 1 assets are valued using quoted market prices for identical securities in active markets. The Level 2 assets are funds that consist of fixed-income securities traded on active exchanges. No assets were classified as Level 2 as of April 30, 2012.
(F) The hedge funds category is comprised of hedge funds of funds which invest in equity hedge, directional, relative value, and event-driven funds. The hedge funds have quarterly liquidity with 65 days’ notice. The private equity funds category is comprised of one fund that consists primarily of limited partnership interests in corporate finance and venture capital funds. The private equity fund cannot be redeemed and return of principal is based on the liquidation of the underlying assets. Both the hedge funds and the private equity fund are classified as Level 3 assets and are valued based on each fund’s net asset value (“NAV”). NAV is calculated based on the estimated fair value of the underlying investment funds within the portfolio and is corroborated by management’s review.

The following table presents a rollforward of activity for Level 3 assets between May 1, 2011 and April 30, 2012.

 

     U.S. Equity
Securities		     Hedge
Funds		     Private
Equity Funds		      Total  

Balance at May 1, 2011

    $ 4,777      $ 37,451      $ 13,187       $ 55,415   

Purchases and sales – net

      2,999        (13,616 )      1,095         (9,522 ) 

Actual return on plan assets sold during the period

      (7,776 )      (893 )      —           (8,669 ) 

Actual return on plan assets still held at reporting date

      —          (591 )      2,016         1,425   
  

 

 

    

 

 

    

 

 

     

 

 

  

Balance at April 30, 2012

    $ —        $ 22,351      $ 16,298       $ 38,649   
  

 

 

    

 

 

    

 

 

     

 

 

  

The Company’s current investment policy is to invest approximately 45 percent of assets in equity securities, 41 percent in fixed-income securities, and 14 percent in cash and other investments. Included in equity securities were 317,552 of the Company’s common shares at April 30, 2012 and 2011. The market value of these shares was $25,287 at April 30, 2012. The Company paid dividends of $597 on these shares during 2012.

The Company expects to contribute approximately $32 million, including $20 million of anticipated lump-sum cash settlements, to the defined benefit pension plans in 2013. The Company expects the following payments to be made from the defined benefit pension and other postretirement benefit plans: $47 million in 2013, $34 million in 2014, $33 million in 2015, $40 million in 2016, $34 million in 2017, and $185 million in 2018 through 2022.

 

62    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

NOTE 9 SHARE-BASED PAYMENTS

The Company provides for equity-based incentives to be awarded to key employees and non-employee directors. Currently, these incentives consist of restricted shares, restricted stock units, deferred shares, deferred stock units, performance units, and stock options. These awards are administered primarily through the 2010 Equity and Incentive Compensation Plan approved by the Company’s shareholders in August 2010. Awards under this plan may be in the form of stock options, stock appreciation rights, restricted shares, restricted stock units (which may also be referred to as deferred stock units), performance shares, performance units, incentive awards, and other share-based awards. Awards under this plan may be granted to the Company’s and its subsidiaries’ non-employee directors, consultants, officers, and other employees. Deferred stock units granted to non-employee directors vest immediately. At April 30, 2012, there were 7,311,613 shares available for future issuance under this plan.

Under the 2010 Equity and Incentive Compensation Plan, the Company has the option to settle share-based awards by issuing common shares from treasury, issuing new Company common shares, or issuing a combination of common shares from treasury and new Company common shares.

Stock Options: The following table is a summary of the Company’s stock option activity and related information.

 

     Options     Weighted-Average
Exercise Price		  

Outstanding at May 1, 2011

      196,925      $ 41.18   

Exercised

      (72,084 )      39.46   
  

 

 

    

 

 

  

Outstanding and exercisable at April 30, 2012

      124,841      $ 42.18   
  

 

 

    

 

 

  

At April 30, 2012, the weighted-average remaining contractual term for stock options outstanding and exercisable was 1.8 years and the aggregate intrinsic value of these stock options was approximately $4,675.

The total intrinsic value of options exercised during 2012, 2011, and 2010 was approximately $2,644, $13,355, and $5,876, respectively.

Other Equity Awards: The following table is a summary of the Company’s restricted shares, deferred shares, deferred stock units, and performance units.

 

     Restricted/Deferred
Shares and
Deferred Stock Units		     Weighted-Average
Grant Date
Fair Value		      Performance
Units		     Weighted-Average
Fair Value		  

Outstanding at May 1, 2011

      1,157,266      $ 49.39         125,360      $ 77.53   

Granted

      152,180        78.32         99,455        76.37   

Converted

      125,360        77.53         (125,360 )      77.53   

Vested

      (430,831 )      52.60         —          —     

Forfeited

      (12,985 )      52.91         —          —     
  

 

 

    

 

 

     

 

 

    

 

 

  

Outstanding at April 30, 2012

      990,990      $ 55.95         99,455      $ 76.37   
  

 

 

    

 

 

     

 

 

    

 

 

  

 

  The J. M. Smucker Company    2012 Annual Report    63

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The total fair value of equity awards other than stock options vesting in 2012, 2011, and 2010 was approximately $22,663, $17,680, and $16,273, respectively. The weighted-average grant date fair value of restricted shares, deferred shares, deferred stock units, and performance units is the average of the high and the low share price on the date of grant. The following table summarizes the weighted-average grant date fair values of the equity awards granted in 2012, 2011, and 2010.

 

Year Ended April 30,

    Restricted/
Deferred
Shares and
Deferred
Stock Units		      Weighted-
Average
Grant Date
Fair Value		      Performance
Units		      Weighted-
Average
Grant Date
Fair Value		  

2012

      152,180       $ 78.32         99,455       $ 76.37   

2011

      303,863         58.32         125,360         77.53   

2010

      504,580         44.63         190,010         57.37   

The performance units column represents the number of restricted shares received by certain executive officers, subsequent to year end, upon conversion of the performance units earned during the year. Restricted stock generally vests four years from the date of grant or upon the attainment of a defined age and years of service.

 

NOTE 10 DEBT AND FINANCING ARRANGEMENTS

Long-term debt consists of the following:

 

     Year Ended April 30,  
     2012      2011  

4.78% Senior Notes due June 1, 2014

    $ 100,000       $ 100,000   

6.12% Senior Notes due November 1, 2015

      24,000         24,000   

6.63% Senior Notes due November 1, 2018

      397,906         380,039   

3.50% Notes due October 15, 2021

      748,637         —     

5.55% Senior Notes due April 1, 2022

      400,000         400,000   

4.50% Senior Notes due June 1, 2025

      400,000         400,000   
  

 

 

     

 

 

  

Total long-term debt

    $ 2,070,543       $ 1,304,039   

Current portion of long-term debt

      50,000         —     
  

 

 

     

 

 

  

Total long-term debt, less current portion

    $ 2,020,543       $ 1,304,039   
  

 

 

     

 

 

  

On October 18, 2011, the Company completed a public issuance of $750.0 million in aggregate principal amount of 3.50 percent Notes due October 15, 2021. Interest is payable semiannually beginning April 15, 2012. The Company received proceeds of $748.6 million, net of an offering discount of $1.4 million. The discount is being amortized to interest expense over the life of the 3.50 percent Notes, resulting in an effective rate of 3.52 percent. The 3.50 percent Notes may be redeemed at any time prior to maturity, at the option of the Company. The 3.50 percent Notes are senior unsecured obligations and rank equally with the Company’s other unsecured and unsubordinated debt and are guaranteed fully and unconditionally, on a joint and several basis, by J. M. Smucker LLC and The Folgers Coffee Company, two of the Company’s 100 percent wholly-owned subsidiaries. A portion of the proceeds was used to fund the Sara Lee foodservice business acquisition and for the repayment of borrowings outstanding under the Company’s revolving credit facility, resulting from funding the Rowland Coffee acquisition. The remainder was used for general corporate purposes, including share repurchases.

In anticipation of the 3.50 percent Notes public issuance, the Company entered into a forward-starting interest rate swap in August 2011 to partially hedge the risk of an increase in the benchmark interest rate during the period leading up to the public issuance. The interest rate swap was designated as a cash flow hedge with a notional amount of $500.0 million. On October 13, 2011, in conjunction with the pricing of the 3.50 percent Notes, the Company terminated the interest rate swap prior to maturity. The termination resulted in a loss of $6.2 million, which will be amortized over the life of the related debt offering. For additional information, see Note 12: Derivative Financial Instruments.

 

64    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

In 2011, the Company entered into an interest rate swap on the 6.63 percent Senior Notes due November 1, 2018, converting the Senior Notes from a fixed to a variable-rate basis until maturity. The interest rate swap was designated as a fair value hedge of the underlying debt obligation with a notional amount of $376.0 million. In August 2011, the Company terminated the interest rate swap prior to maturity. As a result of the early termination, the Company received $27.0 million in cash, which included $3.1 million of interest receivable, and realized a gain of $23.9 million, which was deferred and will be recognized as a reduction of future interest expense through November 1, 2018. The unamortized benefit at April 30, 2012, was $21.9 million and the fair value adjustment of the interest rate swap at April 30, 2011, was $4.0 million, and both were recorded as an increase in the long-term debt balance. For additional information, see Note 12: Derivative Financial Instruments.

All of the Company’s Senior Notes are unsecured and interest is paid semiannually. Scheduled payments are required on the 5.55 percent Senior Notes, the first of which is $50.0 million on April 1, 2013, and on the 4.50 percent Senior Notes, the first of which is $100.0 million on June 1, 2020.

Interest paid totaled approximately $86.6 million, $62.1 million, and $76.5 million in 2012, 2011, and 2010, respectively. This differs from interest expense due to the timing of payments, amortization of fair value adjustments, amortization of debt issuance costs, and interest capitalized.

On July 29, 2011, the Company entered into a second amended and restated credit agreement with a group of 10 banks, which provides for an unsecured revolving credit line of $1.0 billion and matures July 29, 2016. The Company’s borrowings under the credit facility bear interest based on the prevailing U.S. Prime Rate, Canadian Base Rate, London Interbank Offered Rate (“LIBOR”), or Canadian Dealer Offered Rate, as determined by the Company. Interest is payable either on a quarterly basis or at the end of the borrowing term. At April 30, 2012, the Company did not have a balance outstanding under the revolving credit facility. The Company had standby letters of credit of approximately $7.8 million outstanding at April 30, 2012.

The Company’s debt instruments contain certain financial covenant restrictions including consolidated net worth, a leverage ratio, and an interest coverage ratio. The Company is in compliance with all covenants.

 

NOTE 11 CONTINGENCIES

The Company, like other food manufacturers, is from time to time subject to various administrative, regulatory, and other legal proceedings arising in the ordinary course of business. The Company is currently a defendant in a variety of such legal proceedings. The Company cannot predict with certainty the ultimate results of these proceedings or reasonably determine a range of potential loss. The Company’s policy is to accrue costs for contingent liabilities when such liabilities are probable and amounts can be reasonably estimated. Based on the information known to date, the Company does not believe the final outcome of these proceedings will have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

 

NOTE 12 DERIVATIVE FINANCIAL INSTRUMENTS

The Company is exposed to market risks, such as changes in commodity prices, foreign currency exchange rates, and interest rates. To manage the volatility related to these exposures, the Company enters into various derivative transactions. By policy, the Company historically has not entered into derivative financial instruments for trading purposes or for speculation.

Commodity Price Management: The Company enters into commodity futures and options contracts to manage the price volatility and reduce the variability of future cash flows related to anticipated inventory purchases of key raw materials, notably green coffee, edible oils, and flour. The Company also enters into commodity futures and options contracts to manage price risk for energy input costs, including natural gas and diesel fuel. The derivative instruments generally have maturities of less than one year.

 

  The J. M. Smucker Company    2012 Annual Report    65

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

Certain of the derivative instruments associated with the Company’s U.S. Retail Coffee and U.S. Retail Consumer Foods segments meet the hedge criteria and are accounted for as cash flow hedges. The mark-to-market gains or losses on qualifying hedges are deferred and included as a component of accumulated other comprehensive (loss) income to the extent effective, and reclassified to cost of products sold in the period during which the hedged transaction affects earnings. Cash flows related to qualifying hedges are classified consistently with the cash flows from the hedged item in the Statements of Consolidated Cash Flows. In order to qualify as a hedge of commodity price risk, it must be demonstrated that the changes in the fair value of the commodity’s futures contracts are highly effective in hedging price risks associated with the commodity purchased. Hedge effectiveness is measured and assessed at inception and on a monthly basis. The mark-to-market gains or losses on nonqualifying and ineffective portions of commodity hedges are recognized in cost of products sold immediately.

Foreign Currency Exchange Rate Hedging: The Company utilizes foreign currency forwards and options contracts to manage the effect of foreign currency exchange fluctuations on future cash payments primarily related to purchases of certain raw materials, finished goods, and fixed assets in Canada. The contracts generally have maturities of less than one year. At the inception of the contract, the derivative is evaluated and documented for hedge accounting treatment. Instruments currently used to manage foreign currency exchange exposures do not meet the requirements for hedge accounting treatment and the change in value of these instruments is immediately recognized in cost of products sold. If the contract qualifies for hedge accounting treatment, to the extent the hedge is deemed effective, the associated mark-to-market gains and losses are deferred and included as a component of accumulated other comprehensive (loss) income. These gains or losses are reclassified to earnings in the period the contract is executed. The ineffective portion of these contracts is immediately recognized in earnings.

Interest Rate Hedging: The Company utilizes interest rate swaps to mitigate the exposure to interest rate risk. At the inception of the contract, the instrument is evaluated and documented for hedge accounting treatment.

In August 2011, the Company entered into a forward-starting interest rate swap agreement to partially hedge the risk of an increase in the benchmark interest rate during the period leading up to the $750.0 million 3.50 percent Notes public offering. The interest rate swap was designated as a cash flow hedge. The mark-to-market gains or losses on the swap were deferred and included as a component of accumulated other comprehensive (loss) income to the extent effective, and reclassified to interest expense in the period during which the hedged transaction affected earnings. In October 2011, in conjunction with the pricing of the 3.50 percent Notes, the Company terminated the interest rate swap prior to maturity, resulting in a loss of $6.2 million. The resulting loss will be recognized in interest expense ratably over the life of the related debt. The ineffective portion of the hedge was reclassified to interest expense upon termination of the swap. For additional information, see Note 10: Debt and Financing Arrangements.

The Company’s interest rate swap on the 6.63 percent Senior Notes due November 1, 2018, met the criteria to be designated as a fair value hedge. The Company received a fixed rate and paid variable rates, hedging the underlying debt and the associated changes in the fair value of the debt. The interest rate swap was recognized at fair value in the Consolidated Balance Sheet at April 30, 2011, and changes in the fair value were recognized in interest expense. Gains and losses recognized in interest expense on the instrument had no net impact to earnings, as the change in the fair value of the derivative was equal to the change in fair value of the underlying debt. In August 2011, the Company terminated the interest rate swap on the 6.63 percent Senior Notes prior to maturity, resulting in a gain of $23.9 million which was deferred and will be recognized over the remaining life of the underlying debt as a reduction of future interest expense. In 2012, the Company recognized $2.0 million of the gain with the remaining to be recognized as follows: $2.9 million in 2013, $3.0 million in 2014, $3.2 million in 2015, $3.4 million in 2016, and the remaining $9.4 million in 2017 through 2019. For additional information, see Note 10: Debt and Financing Arrangements.

 

66    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The following table sets forth the fair value of derivative instruments recognized in the Consolidated Balance Sheets.

 

     April 30, 2012      April 30, 2011  
     Other
Current
Assets		      Other
Current
Liabilities		      Other
Current
Assets		      Other
Current
Liabilities		      Other
Noncurrent
Liabilities		  

Derivatives designated as hedging instruments:

               

Commodity contracts

    $ 6,569       $ 19,510       $ 3,408       $ —         $ —     

Interest rate contract

      —           —           5,423         —           1,384   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total derivatives designated as hedging instruments

    $ 6,569       $ 19,510       $ 8,831       $ —         $ 1,384   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Derivatives not designated as hedging instruments:

               

Commodity contracts

    $ 3,166       $ 3,631       $ 9,887       $ 5,432       $ —     

Foreign currency exchange contracts

      436         982         317         3,204         —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total derivatives not designated as hedging instruments

    $ 3,602       $ 4,613       $ 10,204       $ 8,636       $ —     
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total derivative instruments

    $ 10,171       $ 24,123       $ 19,035       $ 8,636       $ 1,384   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

The Company has elected to not offset fair value amounts recognized for commodity derivative instruments and its cash margin accounts executed with the same counterparty. The Company maintained cash margin accounts of $32,529 and $12,292 at April 30, 2012 and 2011, respectively, that are included in other current assets in the Consolidated Balance Sheets.

The following table presents information on pre-tax commodity contract net gains and losses recognized on derivatives designated as cash flow hedges.

 

     Year Ended April 30,  
     2012     2011  

(Losses) gains recognized in other comprehensive (loss) income (effective portion)

    $ (31,830 )    $ 21,082   

Gains reclassified from accumulated other comprehensive (loss) income to cost of products sold (effective portion)

      1,887        14,780   
  

 

 

    

 

 

  

Change in accumulated other comprehensive (loss) income

    $ (33,717 )    $ 6,302   
  

 

 

    

 

 

  

(Losses) gains recognized in cost of products sold (ineffective portion)

    $ (853 )    $ 611   
  

 

 

    

 

 

  

Included as a component of accumulated other comprehensive (loss) income at April 30, 2012 and 2011, were deferred pre-tax net losses of $24,287 and deferred pre-tax net gains of $9,430, respectively, related to commodity contracts. The related tax impact recognized in accumulated other comprehensive (loss) income was a benefit of $8,820 and expense of $3,430 at April 30, 2012 and 2011, respectively. The entire amount of the deferred net loss included in accumulated other comprehensive (loss) income at April 30, 2012, is expected to be recognized in earnings within one year as the related commodity is sold.

The following table presents information on the pre-tax losses recognized on the interest rate swap designated as a cash flow hedge.

 

     Year Ended April 30,  
     2012     2011  

Losses recognized in other comprehensive (loss) income (effective portion)

    $ (6,192 )    $ —     

Losses reclassified from accumulated other comprehensive (loss) income to interest expense (effective portion)

      (278 )      —     
  

 

 

    

 

 

  

Change in accumulated other comprehensive (loss) income

    $ (5,914 )    $ —     
  

 

 

    

 

 

  

Losses recognized in interest expense (ineffective portion)

    $ (19 )    $ —     
  

 

 

    

 

 

  

Included as a component of accumulated other comprehensive (loss) income at April 30, 2012, were deferred pre-tax losses of $5,914 related to the termination of the interest rate contract, of which approximately $500 will be recognized over the next 12 months. The related tax benefit recognized in accumulated other comprehensive (loss) income was $2,133 at April 30, 2012.

 

  The J. M. Smucker Company    2012 Annual Report    67

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The following table presents the net realized and unrealized gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments.

 

     Year Ended April 30,  
     2012      2011  

Gains (losses) on commodity contracts

    $ 16,306       $ (3,994 ) 

Gains (losses) on foreign currency exchange contracts

      951         (3,290 ) 
  

 

 

     

 

 

  

Gains (losses) recognized in cost of products sold (derivatives not designated as hedging instruments)

    $ 17,257       $ (7,284 ) 
  

 

 

     

 

 

  

The following table presents the gross contract notional value of outstanding derivative contracts.

 

     April 30,  
     2012      2011  

Commodity contracts

    $ 983,381       $ 869,107   

Foreign currency exchange contracts

      94,424         73,158   

Interest rate contract

      —           376,000   

 

NOTE 13 OTHER FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Financial instruments, other than derivatives, that potentially subject the Company to significant concentrations of credit risk consist principally of cash investments and trade receivables. With respect to trade receivables, the Company believes there is no concentration of risk with any single customer whose failure or nonperformance would materially affect the Company’s results other than as discussed in Major Customer of Note 1: Accounting Policies. The Company does not require collateral from its customers. The Company’s financial instruments, other than its long-term debt, are recognized at estimated fair value in the Consolidated Balance Sheets.

The following table provides information on the carrying amount and fair value of the Company’s financial assets (liabilities).

 

     April 30, 2012     April 30, 2011  
     Carrying
Amount		     Fair Value     Carrying
Amount		     Fair Value  

Marketable securities

    $ —        $ —        $ 18,600      $ 18,600   

Other investments

      43,217        43,217        41,560        41,560   

Derivative financial instruments – net

      (13,952 )      (13,952 )      9,015        9,015   

Long-term debt

      (2,070,543 )      (2,443,514 )      (1,304,039 )      (1,648,614 ) 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect the Company’s market assumptions.

 

68    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The following tables summarize the fair values and the levels within the fair value hierarchy in which the fair value measurements fall for the Company’s financial assets (liabilities).

 

     Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		     Significant
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		      Fair Value at
April 30, 2012		  

Other investments: (B)

          

Equity mutual funds

    $ 14,649      $ —        $ —         $ 14,649   

Municipal obligations

      —          20,392        —           20,392   

Other investments

      1,132        7,044        —           8,176   

Derivatives: (C)

          

Commodity contracts – net

      (12,788 )      (618 )      —           (13,406 ) 

Foreign currency exchange contracts – net

      (1 )      (545 )      —           (546 ) 

Long-term debt (D)

      (777,023 )      (1,666,491 )      —           (2,443,514 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Total financial instruments measured at fair value

    $ (774,031 )    $ (1,640,218 )    $ —         $ (2,414,249 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

 

     Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		     Significant
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		      Fair Value at
April 30, 2011		  

Marketable securities (A)

    $ —        $ 18,600      $ —         $ 18,600   

Other investments: (B)

          

Equity mutual funds

      14,011        —          —           14,011   

Municipal obligations

      —          20,042        —           20,042   

Other investments

      464        7,043        —           7,507   

Derivatives: (C)

          

Commodity contracts – net

      7,863        —          —           7,863   

Foreign currency exchange contracts – net

      (2,887 )      —          —           (2,887 ) 

Interest rate contract – net

      —          4,039        —           4,039   

Long-term debt (D)

      —          (1,648,614 )      —           (1,648,614 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

Total financial instruments measured at fair value

    $ 19,451      $ (1,598,890 )    $ —         $ (1,579,439 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

 

(A) The Company’s marketable securities consisted entirely of commercial paper at April 30, 2011, and were broker-priced and valued by a third party using valuation techniques which utilize inputs that are derived principally from or corroborated by observable market data. All securities had matured or were sold at values that were consistent with the previously estimated fair values prior to April 30, 2012.
(B) The Company’s other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets and municipal obligations valued by a third party using valuation techniques which utilize inputs that are derived principally from or corroborated by observable market data. As of April 30, 2012, the Company’s municipal obligations are scheduled to mature as follows: $3,536 in 2013, $732 in 2014, $2,739 in 2015, $927 in 2016, and the remaining $12,458 in 2017 and beyond.
(C) The Company’s Level 1 derivatives are valued using quoted market prices for identical instruments in active markets. The Level 2 derivatives are valued using quoted prices for similar assets or liabilities in active markets and inputs other than quoted prices that are observable for the asset or liability. The Company’s interest rate swap was valued using the income approach, observable Level 2 market expectations at the measurement date, and standard valuation techniques to convert future amounts to a single discounted present value. The specific inputs used to value the swap included futures contracts valued based on LIBOR, LIBOR cash and swap rates, and credit risk at commonly quoted intervals. For additional information, see Note 12: Derivative Financial Instruments.
(D) The Company’s long-term debt is comprised of public Notes classified as Level 1 and private Senior Notes classified as Level 2. The public Notes are traded in an active secondary market and valued using quoted prices. The value of the private Senior Notes is based on the net present value of each interest and principal payment calculated, utilizing an interest rate derived from a fair market yield curve. For additional information, see Note 10: Debt and Financing Arrangements.

 

  The J. M. Smucker Company    2012 Annual Report    69

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

NOTE 14 INCOME TAXES

Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting. Significant components of the Company’s deferred tax assets and liabilities are as follows:

 

     April 30,  
     2012     2011  

Deferred tax liabilities:

     

Intangible assets

    $ 1,018,262      $ 1,025,301   

Property, plant, and equipment

      106,218        111,537   

Other

      8,107        10,016   
  

 

 

    

 

 

  

Total deferred tax liability

    $ 1,132,587      $ 1,146,854   
  

 

 

    

 

 

  

Deferred tax assets:

     

Post-employment and other employee benefits

    $ 107,543      $ 84,723   

Tax credit and loss carryforwards

      5,494        4,583   

Intangible assets

      3,370        3,279   

Other

      40,719        27,668   
  

 

 

    

 

 

  

Total deferred tax assets

    $ 157,126      $ 120,253   

Valuation allowance for deferred tax assets

      (3,072 )      (3,324 ) 
  

 

 

    

 

 

  

Total deferred tax assets, less allowance

    $ 154,054      $ 116,929   
  

 

 

    

 

 

  

Net deferred tax liability

    $ 978,533      $ 1,029,925   
  

 

 

    

 

 

  

The following table summarizes domestic and foreign loss and credit carryforwards at April 30, 2012.

 

     Related Tax
Deduction		      Deferred
Tax Asset		      Valuation
Allowance		      Expiration
Date		  

Tax carryforwards:

            

Federal capital loss carryforward

    $ 1,917       $ 694       $ —           2017   

State loss carryforwards

      63,482         3,154         2,935         2013 to 2031   

State tax credit carryforwards

      —           1,636         —           2019   

Foreign jurisdictional tax credit carryforwards

      —           10         —           2015   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total tax carryforwards

    $ 65,399       $ 5,494       $ 2,935      
  

 

 

     

 

 

     

 

 

     

 

 

  

The Company evaluates the realizability of deferred tax assets for each of the jurisdictions in which it operates. Included in the overall valuation allowance is $137 for other deferred tax assets where it is more likely than not that those assets will not be realized. The total valuation allowance decreased by $252, $146, and $5,556 in 2012, 2011, and 2010, respectively, primarily due to the expiration of state loss carryforwards that had full valuation allowances.

Deferred income taxes have not been provided on approximately $200,100 of undistributed earnings of foreign subsidiaries since these amounts are considered to be permanently reinvested. Any additional taxes payable on the earnings of foreign subsidiaries, if remitted, would be partially offset by domestic tax deductions or tax credits for foreign taxes paid. It is not practical to estimate the amount of additional taxes that might be payable on such undistributed earnings.

 

70    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

Income (loss) before income taxes is as follows:

 

     Year Ended April 30,  
     2012     2011     2010  

Domestic

    $ 706,366      $ 729,654      $ 712,226   

Foreign

      (5,208 )      (12,490 )      18,527   
  

 

 

    

 

 

    

 

 

  

Income before income taxes

    $ 701,158      $ 717,164      $ 730,753   
  

 

 

    

 

 

    

 

 

  

The components of the provision for income taxes are as follows:

 

     Year Ended April 30,  
     2012     2011     2010  

Current:

       

Federal

    $ 228,255      $ 271,361      $ 256,444   

Foreign

      6,798        4,554        6,584   

State and local

      23,579        21,568        12,907   

Deferred:

       

Federal

      (10,273 )      (51,011 )      (21,362 ) 

Foreign

      (6,867 )      (7,338 )      (4,386 ) 

State and local

      (78 )      (1,452 )      (13,572 ) 
  

 

 

    

 

 

    

 

 

  

Total income tax expense

    $ 241,414      $ 237,682      $ 236,615   
  

 

 

    

 

 

    

 

 

  

A reconciliation of the statutory federal income tax rate and the effective income tax rate is as follows:

 

     Year Ended April 30,  

Percent of Pretax Income

    2012     2011     2010  

Statutory federal income tax rate

      35.0 %      35.0 %      35.0 % 

State and local income taxes, net of federal income tax benefit

      2.3        2.2        1.2   

Domestic manufacturing deduction

      (3.1 )      (3.8 )      (1.9 ) 

Other items – net

      0.2        (0.3 )      (1.9 ) 
  

 

 

    

 

 

    

 

 

  

Effective income tax rate

      34.4 %      33.1 %      32.4 % 
  

 

 

    

 

 

    

 

 

  

Income taxes paid

    $ 257,762      $ 365,994      $ 212,981   
  

 

 

    

 

 

    

 

 

  

 

  The J. M. Smucker Company    2012 Annual Report    71

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

The Company files income tax returns in the U.S. and various state, local, and foreign jurisdictions. The Company is no longer subject to examination, with limited exceptions, for tax years prior to 2008 for U.S. federal, state, and local income taxes and tax years prior to 2005 for foreign income taxes. During 2011, the Company reached agreement with the Internal Revenue Service (“IRS”) on proposed adjustments resulting from the examination of its federal income tax returns for the tax periods ended April 30, 2008, June 30, 2009, and April 30, 2010. The agreement did not have a material effect on the Company’s effective tax rate or financial position. The Company is a voluntary participant in the Compliance Assurance Process (“CAP”) offered by the IRS and is currently under a CAP examination for the tax year ended April 30, 2012. Through the contemporaneous exchange of information with the IRS, this program is designed to identify and resolve tax positions with the IRS prior to the filing of a tax return, which allows the Company to remain current with its IRS examinations.

Within the next 12 months, it is reasonably possible that the Company could decrease its unrecognized tax benefits by an estimated $636, primarily as a result of the expiration of statute of limitations periods.

The Company’s unrecognized tax benefits as of April 30, 2012 and 2011, were $23,977 and $20,261, respectively. Of the unrecognized tax benefits, $16,410 and $13,939 would affect the effective tax rate, if recognized, as of April 30, 2012 and 2011, respectively. The Company’s accrual for tax-related net interest and penalties totaled $1,704 and $1,792 as of April 30, 2012 and 2011, respectively. The amount of tax-related net interest and penalties charged to earnings totaled $88 for 2012, and credited to earnings totaled $497 and $594 during 2011 and 2010, respectively.

A reconciliation of the Company’s unrecognized tax benefits is as follows:

 

     2012      2011  

Balance at May 1,

    $ 20,261       $ 15,322   

Increases:

      

Current year tax positions

      3,617         5,237   

Prior year tax positions

      2,103         4,106   

Foreign currency translation

      157         —     

Decreases:

      

Prior year tax positions

      —           271   

Settlement with tax authorities

      287         31   

Expiration of statute of limitations periods

      1,874         3,985   

Foreign currency translation

      —           117   
  

 

 

     

 

 

  

Balance at April 30,

    $ 23,977       $ 20,261   
  

 

 

     

 

 

  

 

72    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

NOTE 15 ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Comprehensive income is included in the Statements of Consolidated Shareholders’ Equity. The components of accumulated other comprehensive (loss) income as shown in the Consolidated Balance Sheets are as follows:

 

     Foreign
Currency
Translation
Adjustment		     Pension
and Other
Postretirement
Liabilities		     Unrealized
Gain (Loss) on
Available-for-
Sale Securities		     Unrealized (Loss)
Gain on Cash
Flow Hedging
Derivatives		     Accumulated
Other
Comprehensive
(Loss) Income		  

Balance at May 1, 2009

    $ 11,062      $ (67,693 )    $ (2,209 )    $ 1,570      $ (57,270 ) 

Reclassification adjustments

      —          —          —          (2,494 )      (2,494 ) 

Current period credit (charge)

      45,926        (18,004 )      4,162        3,128        35,212   

Income tax benefit (expense)

      —          5,691        (1,510 )      (210 )      3,971   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2010

    $ 56,988      $ (80,006 )    $ 443      $ 1,994      $ (20,581 ) 

Reclassification adjustments

      —          —          —          (3,128 )      (3,128 ) 

Current period credit (charge)

      24,773        (10,004 )      2,124        9,430        26,323   

Income tax benefit (expense)

      —          4,076        (765 )      (2,296 )      1,015   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2011

    $ 81,761      $ (85,934 )    $ 1,802      $ 6,000      $ 3,629   

Reclassification adjustments

      —          —          —          (9,430 )      (9,430 ) 

Current period (charge) credit

      (14,785 )      (73,137 )      1,167        (30,201 )      (116,956 ) 

Income tax benefit (expense)

      —          24,808        (425 )      14,383        38,766   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at April 30, 2012

    $ 66,976      $ (134,263 )    $ 2,544      $ (19,248 )    $ (83,991 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Income tax benefit (expense) is determined using the applicable deferred tax rate for each component of accumulated other comprehensive (loss) income.

 

  The J. M. Smucker Company    2012 Annual Report    73

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

NOTE 16 GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION

On October 13, 2011, the Company filed a registration statement on Form S-3 registering certain securities described therein, including debt securities which are guaranteed by certain of the Company’s subsidiaries. The Company issued $750.0 million of 3.50 percent Notes pursuant to the registration statement that are fully and unconditionally guaranteed, on a joint and several basis, by the following 100 percent wholly-owned subsidiaries of the Company: J. M. Smucker LLC and The Folgers Coffee Company (“subsidiary guarantors”). The following condensed consolidated financial information for the Company, the subsidiary guarantors, and the non-guarantor subsidiaries is provided. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company’s 100 percent wholly-owned subsidiary guarantors and non-guarantor subsidiaries. The Company has accounted for investments in subsidiaries using the equity method.

CONDENSED STATEMENTS OF CONSOLIDATED INCOME

 

     Year Ended April 30, 2012  
     The J. M. Smucker
Company (Parent)		     Subsidiary
Guarantors		     Non-Guarantor
Subsidiaries		     Eliminations     Consolidated  

Net sales

    $ 4,302,743      $ 1,547,757      $ 3,822,370      $ (4,147,088 )    $ 5,525,782   

Cost of products sold

      3,741,054        1,408,792        2,682,636        (4,151,923 )      3,680,559   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Gross Profit

      561,689        138,965        1,139,734        4,835        1,845,223   

Selling, distribution, and administrative expenses, restructuring, and merger and integration costs

      243,392        61,457        660,327        —          965,176   

Amortization and impairment charges

      11,196        —          81,454        —          92,650   

Other operating (income) expense – net

      (1,325 )      (1,251 )      11,690        —          9,114   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Operating Income

      308,426        78,759        386,263        4,835        778,283   

Interest (expense) income – net

      (80,675 )      2,969        (2,086 )      —          (79,792 ) 

Other income (expense) – net

      1,404,340        443        (3,605 )      (1,398,511 )      2,667   

Equity in net earnings of subsidiaries

      (1,095,007 )      184,217        79,192        831,598        —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Income Before Income Taxes

      537,084        266,388        459,764        (562,078 )      701,158   

Income taxes

      77,340        1,140        162,934        —          241,414   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Income

    $ 459,744      $ 265,248      $ 296,830      $ (562,078 )    $ 459,744   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

74    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

CONDENSED STATEMENTS OF CONSOLIDATED INCOME

 

     Year Ended April 30, 2011  
     The J. M. Smucker
Company (Parent)		     Subsidiary
Guarantors		     Non-Guarantor
Subsidiaries		     Eliminations     Consolidated  

Net sales

    $ 3,880,940      $ 2,805,614      $ 3,759,833      $ (5,620,644 )    $ 4,825,743   

Cost of products sold

      3,196,825        2,546,492        2,884,851        (5,600,942 )      3,027,226   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Gross Profit

      684,115        259,122        874,982        (19,702 )      1,798,517   

Selling, distribution, and administrative expenses, restructuring, and merger and integration costs

      216,731        79,263        626,182        —          922,176   

Amortization and impairment charges

      5,188        64,675        21,580        —          91,443   

Other operating (income) expense – net

      (665 )      (2,599 )      3,890        —          626   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Operating Income

      462,861        117,783        223,330        (19,702 )      784,272   

Interest (expense) income – net

      (67,687 )      3,400        (2,795 )      —          (67,082 ) 

Other (expense) income – net

      (1,338 )      1,735        (423 )      —          (26 ) 

Equity in net earnings of subsidiaries

      203,115        83,879        67,256        (354,250 )      —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Income Before Income Taxes

      596,951        206,797        287,368        (373,952 )      717,164   

Income taxes

      117,469        21,838        98,375        —          237,682   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Income

    $ 479,482      $ 184,959      $ 188,993      $ (373,952 )    $ 479,482   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

CONDENSED STATEMENTS OF CONSOLIDATED INCOME

 

     Year Ended April 30, 2010  
     The J. M. Smucker
Company (Parent)		     Subsidiary
Guarantors		      Non-Guarantor
Subsidiaries		     Eliminations     Consolidated  

Net sales

    $ 3,675,770      $ 2,899,461       $ 3,723,605      $ (5,693,547 )    $ 4,605,289   

Cost of products sold

      3,259,807        2,383,363         2,858,293        (5,682,864 )      2,818,599   
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Gross Profit

      415,963        516,098         865,312        (10,683 )      1,786,690   

Selling, distribution, and administrative expenses, restructuring, and merger and integration costs

      193,036        107,407         613,311        —          913,754   

Amortization and impairment charges

      10,200        65,681         9,434        —          85,315   

Other operating (income) expense – net

      (22,546 )      7,083         12,175        —          (3,288 ) 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Operating Income

      235,273        335,927         230,392        (10,683 )      790,909   

Interest (expense) income – net

      (53,264 )      12,429         (21,559 )      —          (62,394 ) 

Other income (expense) – net

      151        17,609         (15,522 )      —          2,238   

Equity in net earnings of subsidiaries

      393,208        61,459         35,223        (489,890 )      —     
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Income Before Income Taxes

      575,368        427,424         228,534        (500,573 )      730,753   

Income taxes

      81,230        77,280         78,105        —          236,615   
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net Income

    $ 494,138      $ 350,144       $ 150,429      $ (500,573 )    $ 494,138   
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

 

  The J. M. Smucker Company    2012 Annual Report    75

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

CONDENSED CONSOLIDATED BALANCE SHEETS

 

      April 30, 2012  
     The J. M. Smucker
Company (Parent)		      Subsidiary
Guarantors		      Non-Guarantor
Subsidiaries		      Eliminations     Consolidated  

ASSETS

              

Current Assets

              

Cash and cash equivalents

    $ 108,281       $ —         $ 121,427       $ —        $ 229,708   

Inventories

      —           161,411         815,030         (14,865 )      961,576   

Other current assets

      334,220         3,499         114,462         —          452,181   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Total Current Assets

      442,501         164,910         1,050,919         (14,865 )      1,643,465   

Property, Plant, and Equipment

      220,354         389,163         486,572         —          1,096,089   

Investments in Subsidiaries and Intercompany

      5,684,496         4,241,145         702,550         (10,628,191 )      —     

Other Noncurrent Assets

              

Goodwill

      981,606         —           2,073,012         —          3,054,618   

Other intangible assets – net

      435,713         —           2,751,294         —          3,187,007   

Other noncurrent assets

      59,992         11,137         62,918         —          134,047   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Total Other Noncurrent Assets

      1,477,311         11,137         4,887,224         —          6,375,672   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  
   $ 7,824,662       $ 4,806,355       $ 7,127,265       $ (10,643,056 )    $ 9,115,226   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

LIABILITIES AND SHAREHOLDERS’ EQUITY

              

Current Liabilities

    $ 323,608       $ 101,714       $ 191,650       $ —        $ 616,972   

Noncurrent Liabilities

              

Long-term debt

      2,020,543         —           —           —          2,020,543   

Deferred income taxes

      104,822         311         887,559         —          992,692   

Other noncurrent liabilities

      212,303         20,031         89,299         —          321,633   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Total Noncurrent Liabilities

      2,337,668         20,342         976,858         —          3,334,868   

Shareholders’ Equity

      5,163,386         4,684,299         5,958,757         (10,643,056 )      5,163,386   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  
   $ 7,824,662       $ 4,806,355       $ 7,127,265       $ (10,643,056 )    $ 9,115,226   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

 

76    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

CONDENSED CONSOLIDATED BALANCE SHEETS

 

      April 30, 2011  
     The J. M. Smucker
Company (Parent)		      Subsidiary
Guarantors		      Non-Guarantor
Subsidiaries		      Eliminations     Consolidated  

ASSETS

              

Current Assets

              

Cash and cash equivalents

    $ 206,845       $ —         $ 113,000       $ —        $ 319,845   

Inventories

      —           182,531         700,750         (19,702 )      863,579   

Other current assets

      364,377         8,190         81,008         —          453,575   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Total Current Assets

      571,222         190,721         894,758         (19,702 )      1,636,999   

Property, Plant, and Equipment

      193,321         305,519         369,042         —          867,882   

Investments in Subsidiaries and Intercompany

      4,872,622         802,936         1,209,603         (6,885,161 )      —     

Other Noncurrent Assets

              

Goodwill

      981,606         —           1,831,140         —          2,812,746   

Other intangible assets – net

      440,174         3,116         2,496,720         —          2,940,010   

Other noncurrent assets

      50,012         15,106         1,830         —          66,948   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Total Other Noncurrent Assets

      1,471,792         18,222         4,329,690         —          5,819,704   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  
   $ 7,108,957       $ 1,317,398       $ 6,803,093       $ (6,904,863 )    $ 8,324,585   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

LIABILITIES AND SHAREHOLDERS’ EQUITY

              

Current Liabilities

    $ 234,262       $ 81,239       $ 167,175       $ —        $ 482,676   

Noncurrent Liabilities

              

Long-term debt

      1,304,039         —           —           —          1,304,039   

Deferred income taxes

      115,985         —           926,838         —          1,042,823   

Other noncurrent liabilities

      162,308         16,447         23,929         —          202,684   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Total Noncurrent Liabilities

      1,582,332         16,447         950,767         —          2,549,546   

Shareholders’ Equity

      5,292,363         1,219,712         5,685,151         (6,904,863 )      5,292,363   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  
   $ 7,108,957       $ 1,317,398       $ 6,803,093       $ (6,904,863 )    $ 8,324,585   
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

 

  The J. M. Smucker Company    2012 Annual Report    77

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS

 

     Year Ended April 30, 2012  
     The J. M. Smucker
Company (Parent)		     Subsidiary
Guarantors		     Non-Guarantor
Subsidiaries		     Eliminations      Consolidated  

Net Cash Provided by (Used for) Operating Activities

    $ 1,622,917      $ 165,048      $ (1,057,036 )    $ —         $ 730,929   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Investing Activities

            

Businesses acquired, net of cash acquired

      —          —          (737,255 )      —           (737,255 ) 

Additions to property, plant, and equipment

      (52,994 )      (133,605 )      (87,645 )      —           (274,244 ) 

Equity investment in affiliate

      —          —          (35,874 )      —           (35,874 ) 

Proceeds from divestitures

      —          —          9,268        —           9,268   

Sales and maturities of marketable securities

      18,600        —          —          —           18,600   

Proceeds from disposal of property, plant, and equipment

      168        396        3,475        —           4,039   

Other – net

      —          (3,495 )      (16,903 )      —           (20,398 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net Cash Used for Investing Activities

      (34,226 )      (136,704 )      (864,934 )      —           (1,035,864 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Financing Activities

            

Proceeds from long-term debt

      748,560        —          —          —           748,560   

Quarterly dividends paid

      (213,667 )      —          —          —           (213,667 ) 

Purchase of treasury shares

      (315,780 )      —          —          —           (315,780 ) 

Proceeds from stock option exercises

      2,826        —          —          —           2,826   

Intercompany

      (1,906,881 )      (28,344 )      1,935,225        —           —     

Other – net

      (2,313 )      —          —          —           (2,313 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net Cash (Used for) Provided by Financing Activities

      (1,687,255 )      (28,344 )      1,935,225        —           219,626   

Effect of exchange rate changes on cash

      —          —          (4,828 )      —           (4,828 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net (decrease) increase in cash and cash equivalents

      (98,564 )      —          8,427        —           (90,137 ) 

Cash and cash equivalents at beginning of year

      206,845        —          113,000        —           319,845   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Cash and Cash Equivalents at End of Year

    $ 108,281      $ —        $ 121,427      $ —         $ 229,708   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

 

(  ) Denotes use of cash

 

78    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS

 

     Year Ended April 30, 2011  
     The J. M. Smucker
Company (Parent)		     Subsidiary
Guarantors		     Non-Guarantor
Subsidiaries		     Eliminations      Consolidated  

Net Cash Provided by Operating Activities

    $ 212,428      $ 92,965      $ 86,169      $ —         $ 391,562   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Investing Activities

            

Additions to property, plant, and equipment

      (59,072 )      (53,416 )      (67,592 )      —           (180,080 ) 

Purchases of marketable securities

      (75,637 )      —          —          —           (75,637 ) 

Sales and maturities of marketable securities

      57,100        —          —          —           57,100   

Proceeds from disposal of property, plant, and equipment

      1,081        305        4,444        —           5,830   

Other – net

      (43 )      37        (120 )      —           (126 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net Cash Used for Investing Activities

      (76,571 )      (53,074 )      (63,268 )      —           (192,913 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Financing Activities

            

Repayments of long-term debt

      (10,000 )      —          —          —           (10,000 ) 

Proceeds from long-term debt

      400,000        —          —          —           400,000   

Quarterly dividends paid

      (194,024 )      —          —          —           (194,024 ) 

Purchase of treasury shares

      (389,135 )      —          —          —           (389,135 ) 

Proceeds from stock option exercises

      14,525        —          —          —           14,525   

Intercompany

      24,152        (39,891 )      15,739        —           —     

Other – net

      7,740        —          475        —           8,215   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net Cash (Used for) Provided by Financing Activities

      (146,742 )      (39,891 )      16,214        —           (170,419 ) 

Effect of exchange rate changes on cash

      —          —          8,045        —           8,045   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net (decrease) increase in cash and cash equivalents

      (10,885 )      —          47,160        —           36,275   

Cash and cash equivalents at beginning of year

      217,730        —          65,840        —           283,570   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Cash and Cash Equivalents at End of Year

    $ 206,845      $ —        $ 113,000      $ —         $ 319,845   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

 

(  ) Denotes use of cash

 

  The J. M. Smucker Company    2012 Annual Report    79

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS

 

     Year Ended April 30, 2010  
     The J. M. Smucker
Company (Parent)		     Subsidiary
Guarantors		     Non-Guarantor
Subsidiaries		     Eliminations      Consolidated  

Net Cash Provided by (Used for) Operating Activities

    $ 499,197      $ 218,064      $ (3,783 )    $ —         $ 713,478   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Investing Activities

            

Additions to property, plant, and equipment

      (41,148 )      (62,324 )      (33,511 )      —           (136,983 ) 

Proceeds from divestitures

      19,554        —          —          —           19,554   

Sales and maturities of marketable securities

      13,519        —          —          —           13,519   

Proceeds from disposal of property, plant, and equipment

      —          185        20        —           205   

Other – net

      (706 )      —          (32 )      —           (738 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net Cash Used for Investing Activities

      (8,781 )      (62,139 )      (33,523 )      —           (104,443 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Financing Activities

            

Repayment of bank note payable

      —          (350,000 )      —          —           (350,000 ) 

Repayments of long-term debt

      (275,000 )      —          —          —           (275,000 ) 

Quarterly dividends paid

      (166,224 )      —          —          —           (166,224 ) 

Purchase of treasury shares

      (5,569 )      —          —          —           (5,569 ) 

Proceeds from stock option exercises

      6,413        —          —          —           6,413   

Intercompany

      (258,696 )      194,075        64,621        —           —     

Other – net

      2,393        —          (561 )      —           1,832   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net Cash (Used for) Provided by Financing Activities

      (696,683 )      (155,925 )      64,060        —           (788,548 ) 

Effect of exchange rate changes on cash

      —          —          6,390        —           6,390   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net (decrease) increase in cash and cash equivalents

      (206,267 )      —          33,144        —           (173,123 ) 

Cash and cash equivalents at beginning of year

      423,997        —          32,696        —           456,693   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Cash and Cash Equivalents at End of Year

    $ 217,730      $ —        $ 65,840      $ —         $ 283,570   
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

 

(  ) Denotes use of cash

 

80    The J. M. Smucker Company    2012 Annual Report  

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The J. M. Smucker Company

 

 

 

NOTE  17 COMMON SHARES

Voting: The Company’s Amended Articles of Incorporation (“Articles”) provide that each holder of an outstanding common share is entitled to one vote on each matter submitted to a vote of the shareholders except for the following specific matters:

 

  •  

any matter that relates to or would result in the dissolution or liquidation of the Company;

 

  •  

the adoption of any amendment of the Articles or the Regulations of the Company, or the adoption of amended Articles, other than the adoption of any amendment or amended Articles that increases the number of votes to which holders of common shares are entitled or expands the matters to which time-phase voting applies;

 

  •  

any proposal or other action to be taken by the shareholders of the Company, relating to the Company’s Rights Agreement, dated as of May 20, 2009, between the Company and Computershare Trust Company, N.A. or any successor plan;

 

  •  

any matter relating to any stock option plan, stock purchase plan, executive compensation plan, executive benefit plan, or other similar plan, arrangement, or agreement;

 

  •  

adoption of any agreement or plan of or for the merger, consolidation, or majority share acquisition of the Company or any of its subsidiaries with or into any other person, whether domestic or foreign, corporate or noncorporate, or the authorization of the lease, sale, exchange, transfer, or other disposition of all, or substantially all, of the Company’s assets;

 

  •  

any matter submitted to the Company’s shareholders pursuant to Article Fifth (which relates to procedures applicable to certain business combinations) or Article Seventh (which relates to procedures applicable to certain proposed acquisitions of specified percentages of the Company’s outstanding common shares) of the Articles, as they may be further amended, or any issuance of common shares of the Company for which shareholder approval is required by applicable stock exchange rules; and

 

  •  

any matter relating to the issuance of common shares, or the repurchase of common shares that the Board determines is required or appropriate to be submitted to the Company’s shareholders under the Ohio Revised Code or applicable stock exchange rules.

On the matters listed above, common shares are entitled to 10 votes per share, if they meet the requirements set forth in the Articles. Common shares which would be entitled to 10 votes per share must meet one of the following criteria:

 

  •  

common shares beneficially owned as of November 6, 2008, and for which there has not been a change in beneficial ownership after November 6, 2008; or

 

  •  

common shares received through the Company’s various equity plans which have not been sold or otherwise transferred since November 6, 2008.

In the event of a change in beneficial ownership, the new owner of that common share will be entitled to only one vote with respect to that share on all matters until four years pass without a further change in beneficial ownership of the share.

Shareholders’ Rights Plan: Pursuant to a Shareholders’ Rights Plan adopted by the Company’s Board of Directors on May 20, 2009, one share purchase right is associated with each of the Company’s outstanding common shares.

Under the plan, the rights will initially trade together with the Company’s common shares and will not be exercisable. In the absence of further action by the directors, the rights generally will become exercisable and allow the holder to acquire the Company’s common shares at a discounted price if a person or group acquires 10 percent or more of the outstanding common shares. Rights held by persons who exceed the applicable threshold will be void. Shares held by members of the Smucker family are not subject to the threshold. If exercisable, each right entitles the shareholder to buy one common share at a discounted price. Under certain circumstances, the rights will entitle the holder to buy shares in an acquiring entity at a discounted price.

The plan also includes an exchange option. In general, if the rights become exercisable, the directors may, at their option, effect an exchange of part or all of the rights, other than rights that have become void, for common shares. Under this option, the Company would issue one common share for each right, in each case subject to adjustment in certain circumstances.

The Company’s directors may, at their option, redeem all rights for $0.001 per right, generally at any time prior to the rights becoming exercisable. The rights will expire June 3, 2019, unless earlier redeemed, exchanged, or amended by the directors.

 

  The J. M. Smucker Company    2012 Annual Report    81

DIRECTORS AND OFFICERS

The J. M. Smucker Company

 

 

 

DIRECTORS

 

Vincent C. Byrd

President and Chief Operating Officer

The J. M. Smucker Company

 

R. Douglas Cowan A

Director and Retired Chairman and

Chief Executive Officer

The Davey Tree Expert Company

Kent, Ohio

 

Kathryn W. Dindo A, E

Retired Vice President and

Chief Risk Officer

FirstEnergy Corp.

Akron, Ohio

 

Paul J. Dolan E

Chairman and Chief Executive Officer

Cleveland Indians

Cleveland, Ohio

 

Elizabeth Valk Long A, E

Former Executive Vice President

Time Inc.

New York, New York

 

Nancy Lopez Knight G

Founder

Nancy Lopez Golf Company

Auburn, Alabama

 

Gary A. Oatey G

Chairman and Chief Executive Officer

Oatey Co.

Cleveland, Ohio

 

Alex Shumate G

Managing Partner, North America

Squire, Sanders & Dempsey L.L.P. Columbus, Ohio

 

Mark T. Smucker

President, U.S. Retail Coffee

The J. M. Smucker Company

 

Richard K. Smucker

Chief Executive Officer

The J. M. Smucker Company

 

Timothy P. Smucker

Chairman of the Board

The J. M. Smucker Company

 

William H. Steinbrink G

Principal

Unstuk LLC

Shaker Heights, Ohio

 

Paul Smucker Wagstaff

President, U.S. Retail Consumer Foods

The J. M. Smucker Company

  

EXECUTIVE OFFICERS

 

Timothy P. Smucker

Chairman of the Board

 

Richard K. Smucker

Chief Executive Officer

 

Dennis J. Armstrong

Senior Vice President, Logistics and Operations Support

 

Mark R. Belgya

Senior Vice President and

Chief Financial Officer

 

James A. Brown

Vice President, U.S. Grocery Sales

 

Vincent C. Byrd

President and Chief Operating Officer

 

John W. Denman

Vice President and Controller

 

Barry C. Dunaway

Senior Vice President and

Chief Administrative Officer

 

Tamara J. Fynan

Vice President, Marketing Services

 

Jeannette L. Knudsen

Vice President, General Counsel and Corporate Secretary

 

David J. Lemmon

Vice President and Managing Director, Canada

 

John F. Mayer

Vice President, U.S. Retail Sales

 

Kenneth A. Miller

Vice President and General Manager, Foodservice

 

Steven Oakland

President, International, Foodservice, and Natural Foods

 

Andrew G. Platt

Vice President, Information Services and Chief Information Officer

 

Christopher P. Resweber

Senior Vice President, Corporate

Communications and Public Affairs

 

Julia L. Sabin

Vice President, Industry and

Government Affairs

 

Mark T. Smucker

President, U.S. Retail Coffee

  

Paul Smucker Wagstaff

President, U.S. Retail Consumer Foods

 

Albert W. Yeagley

Vice President, Industry and

Government Affairs

 

PROPERTIES

 

Corporate Office:

Orrville, Ohio

 

Domestic Manufacturing Locations:

 

Chico, California

Cincinnati, Ohio

El Paso, Texas

Grandview, Washington

Harahan, Louisiana

Havre de Grace, Maryland

Lexington, Kentucky

Memphis, Tennessee

Miami, Florida

New Bethlehem, Pennsylvania

New Orleans, Louisiana (2)

Orrville, Ohio

Oxnard, California

Ripon, Wisconsin

Scottsville, Kentucky

Seneca, Missouri

Suffolk, Virginia

Toledo, Ohio

 

International Manufacturing Locations:

 

Sherbrooke, Quebec, Canada

Ste. Marie, Quebec, Canada

 

A         Audit Committee Member

E         Executive Compensation Committee Member

G        Nominating and Corporate Governance Committee Member

 

82    The J. M. Smucker Company    2012 Annual Report  

LOGO

 

Shareholder information

WWW.CORPORATEREPORT.COM

Corporate Reports Inc. Atlanta, GA

Corporate Office

The J.M. Smucker Company

One Strawberry Lane

Orrville, Ohio 44667

Telephone: (330) 682-3000

Stock Listing

The J.M. Smucker Company’s common shares are listed on the New York Stock Exchange – ticker symbol SJM.

Corporate WebSite

To learn more about The J.M. Smucker Company, visit smuckers.com.

Annual Meeting

The annual meeting will be held at 11:00 a.m. Eastern Time, Wednesday, August 15, 2012, in the Fisher Auditorium at the Ohio Agricultural Research and Development Center, 1680 Madison Avenue, Wooster, Ohio 44691.

Corporate News and Reports

Corporate news releases, annual reports, and Securities and Exchange Commission filings, including Forms 10-K, 10-Q, and 8-K, are available free of charge on the Company’s website. They are also available without cost to shareholders who submit a written request to:

The J.M. Smucker Company Attention: Corporate Secretary One Strawberry Lane

Orrville, Ohio 44667

Certifications

The Company’s Chief Executive Officer and Chief Financial Officer have certified to the New York Stock Exchange that they are not aware of any violation by the Company of the New York Stock Exchange corporate governance standards. The Company has also filed with the Securities and Exchange Commission certain certifications relating to the quality of the Company’s public disclosures. These certifications are filed as exhibits to the Company’s Annual Report on Form 10-K.

forward-looking statements

This Annual Report includes certain forward-looking statements that are based on current expectations and are subject to a number of risks and uncertainties. Please reference “Forward-Looking Statements” located on page 36 in the “Management’s Discussion and Analysis” section.

Independent Registered Public

Accounting Firm

Ernst & Young LLP

Akron, Ohio

Dividends

The Company’s Board of Directors typically declares a cash dividend each quarter. Dividends are generally payable on the first business day of March, June, September, and December. The record date is approximately two weeks before the payment date. The Company’s dividend disbursement agent is Computershare Investor Services, LLC.

Shareholder Services

The transfer agent and registrar for the Company, Computershare Investor Services, LLC, is responsible for assisting registered shareholders with a variety of matters, including:

Shareholder investment program (CIPSM)

– direct purchase of Company common shares

– dividend reinvestment

– automatic monthly cash investments

Book-entry share ownership

Share transfer matters (including name changes, gifting, and inheritances)

Direct deposit of dividend payments

Nonreceipt of dividend checks

Lost share certificates

Changes of address

Online shareholder account access

Form 1099 income inquiries (including requests for duplicate copies)

Shareholders may contact Shareholder Services at the corporate offices regarding other shareholder inquiries.

Transfer Agent and Registrar

Computershare Investor Services, LLC 250 Royall Street

Canton, Massachusetts 02021 Telephone: (800) 456-1169

Telephone outside the U.S., Canada, and Puerto Rico: (312) 360-5254

Website: computershare.com/investor

Designed by:

The J. M. Smucker Company is the owner of all trademarks referenced herein, except for the following which are used under license: Pillsbury®, the Barrelhead logo and the Doughboy character are trademarks of The Pillsbury Company, LLC; Carnation® is a trademark of Société des Produits Nestlé S.A.; Dunkin’ Donuts® is a registered trademark of DD IP Holder, LLC; and Douwe Egberts® and Pickwick® are registered trademarks of Sara Lee/DE B.V. Borden® and Elsie are also trademarks used under license.

LOGO

 

One Strawberry Lane / Orrville, Ohio 44667 / (330) 682-3000

smuckers.com

EX-21 4 d318554dex21.htm EX-21 EX-21

Exhibit 21

SUBSIDIARIES OF THE COMPANY

(As of April 30, 2012)1

 

Subsidiaries

   

State or Jurisdiction of

Incorporation or Organization

CAFÉ Holding, LLC

    Ohio

DECS International Mexico, S. de R.L. C.V.

    Mexico

Eagle Family Foods, Inc.

    Delaware

EB International Inc.

    Barbados

Europe’s Best International SRL

    Barbados

Fantasia Confections, Inc.

    California

Folgers Café Servicos de Pesquisas, Ltda.

    Brazil

IMC Bakery International, Inc.

    Delaware

Inversiones 91060, C.A.

    Venezuela

JMS Foodservice, LLC

    Delaware

J.M. Smucker de Mexico, S.A. de C.V.

    Mexico (domesticated in Delaware)

J.M. Smucker Holdings, LLC

    Ohio

J.M. Smucker LLC

    Ohio

Juice Creations Co.

    Ohio

King Kelly, LLC

    Ohio

Knudsen & Sons, Inc.

    Ohio

Martha White Foods, Inc.

    Delaware

Mary Ellen’s, Incorporated

    Ohio

Millstone Coffee, Inc.

    Washington

Milnot Company

    Delaware

Rowland Coffee Roasters, Inc.

    Ohio

Santa Cruz Natural Incorporated

    California

Simply Smucker’s, Inc.

    Ohio

Smucker Direct, Inc.

    Ohio

Smucker Foods, Inc.

    Delaware

Smucker Foods of Canada Corp.

    Federal Canadian Corporation

Smucker Foods Holdings Company

    Ohio

Smucker Foodservice, Inc.

    Delaware

Smucker Fruit Processing Co.

    Ohio

Smucker Holdings, Inc.

    Ohio

Smucker Hong Kong Limited

    Hong Kong, Peoples’ Republic of China

Smucker International, Inc.

    Ohio

Smucker International Holding Company

    Ohio

Smucker Manufacturing, Inc.

    Ohio

Smucker Mexico, LLC

    Ohio

Smucker Natural Foods, Inc.

    California

Smucker Retail Foods, Inc.

    Ohio

Smucker Sales and Distribution Company

    Ohio

Smucker Services Company

    Ohio

The Dickinson Family, Inc.

    Ohio

The Folgers Coffee Company

    Delaware

The Folger Coffee Company

    Ohio

 

1 Pursuant to Item 601(b)(21)(ii) of Regulation S-K, the names of certain subsidiaries of the Company have been omitted because such unnamed subsidiaries, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as of April 30, 2012.
EX-23 5 d318554dex23.htm EX-23 EX-23

Exhibit 23

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in this Annual Report (Form 10-K) of The J. M. Smucker Company of our reports dated June 20, 2012, with respect to the consolidated financial statements of The J. M. Smucker Company and the effectiveness of internal control over financial reporting of The J. M. Smucker Company, included in the 2012 Annual Report to Shareholders of The J. M. Smucker Company.

We also consent to the incorporation by reference in the following Registration Statements of our reports dated June 20, 2012, with respect to the consolidated financial statements of The J. M. Smucker Company and the effectiveness of internal control over financial reporting of The J. M. Smucker Company incorporated by reference in this Annual Report (Form 10-K) of The J. M. Smucker Company for the year ended April 30, 2012:

 

Registration
Statement

    Registration
Number		     

Description

Form S-8      33-21273       1987 Stock Option Plan
Form S-8      33-38011       1987 Stock Option Plan
Form S-8      333-98335       The J. M. Smucker Company Amended and Restated 1998 Equity and Performance Incentive Plan
Form S-8      333-116622      

Amended and Restated 1986 Stock Option Incentive Plan of The J. M. Smucker Company

Amended and Restated 1989 Stock-Based Incentive Plan of The J. M. Smucker Company

Amended and Restated 1997 Stock-Based Incentive Plan of The J. M. Smucker Company

Form S-8      333-137629       The J. M. Smucker Company 2006 Equity Compensation Plan
Form S-8      333-139167       The J. M. Smucker Company Nonemployee Director Deferred Compensation Plan
Form S-8      333-139170       Non-Qualified Stock Option Agreement Between International Multifoods Corporation (predecessor-in-interest to the Registrant) and Daryl Schaller
Form S-8      333-170653       The J. M. Smucker Company 2010 Equity and Incentive Compensation Plan
Form S-3      333-177279       Automatic Shelf Registration Statement

/s/ Ernst & Young LLP

Akron, Ohio

June 22, 2012

EX-24 6 d318554dex24.htm EX-24 EX-24

Exhibit 24

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that VINCENT C. BYRD, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ Vincent C. Byrd

Date

   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that KATHRYN W. DINDO, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ Kathryn W. Dindo

Date

   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that PAUL J. DOLAN, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012          

/s/ Paul J. Dolan

Date   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that ELIZABETH VALK LONG, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012          

/s/ Elizabeth Valk Long

Date   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that NANCY LOPEZ KNIGHT, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012          

/s/ Nancy Lopez Knight

Date   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that RICHARD K. SMUCKER, director of The J. M. Smucker Company, hereby appoints Mark R. Belgya and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012          

/s/ Richard K. Smucker

Date   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that TIMOTHY P. SMUCKER, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ Timothy P. Smucker

Date

   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that WILLIAM H. STEINBRINK, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ William H. Steinbrink

Date

   Director

 

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that R. DOUGLAS COWAN, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012          

/s/ R. Douglas Cowan

Date   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that GARY A. OATEY, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ Gary A. Oatey

Date

   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that ALEX SHUMATE, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ Alex Shumate

Date

   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that MARK T. SMUCKER, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ Mark T. Smucker

Date

   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that PAUL SMUCKER WAGSTAFF, director of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned director might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ Paul Smucker Wagstaff

Date

   Director

THE J. M. SMUCKER COMPANY

REGISTRATION ON FORM 10-K

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that JOHN W. DENMAN, controller of The J. M. Smucker Company, hereby appoints Richard K. Smucker, Mark R. Belgya, and Jeannette L. Knudsen, and each of them, with full power of substitution, as attorney or attorneys of the undersigned, to execute an Annual Report on Form 10-K for the fiscal year ended April 30, 2012, in a form that The J. M. Smucker Company deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, all pursuant to applicable legal provisions, with full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned controller might or could do in person, in furtherance of the foregoing.

 

June 22, 2012        

  

/s/ John W. Denman

Date

   Controller
 EX-31.1 7 d318554dex311.htm EX-31.1 EX-31.1

Exhibit 31.1

RULE 13a-14(a)/15d-14(a) CERTIFICATIONS

I, Richard K. Smucker, Chief Executive Officer of The J. M. Smucker Company, certify that:

 

  (1) I have reviewed this annual report on Form 10-K of The J. M. Smucker Company;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

Date: June 25, 2012

 

/s/ Richard K. Smucker

Name:   Richard K. Smucker
Title:   Chief Executive Officer
 EX-31.2 8 d318554dex312.htm EX-31.2 EX-31.2

Exhibit 31.2

RULE 13a-14(a)/15d-14(a) CERTIFICATIONS

I, Mark R. Belgya, Senior Vice President and Chief Financial Officer of The J. M. Smucker Company, certify that:

 

  (1) I have reviewed this annual report on Form 10-K of The J. M. Smucker Company;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

Date: June 25, 2012

 

/s/ Mark R. Belgya

Name:   Mark R. Belgya
Title:   Senior Vice President and Chief Financial Officer
 EX-32 9 d318554dex32.htm EX-32 EX-32

Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report on Form 10-K of The J. M. Smucker Company (the “Company”) for the year ended April 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to such officer’s knowledge:

 

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

 

  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

 

/s/ Richard K. Smucker

Name:

   Richard K. Smucker

Title:

   Chief Executive Officer

 

/s/ Mark R. Belgya

Name:

   Mark R. Belgya

Title:

   Senior Vice President and Chief Financial Officer

Date: June 25, 2012

The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Report or as a separate disclosure document.

EX-101.INS 10 sjm-20120430.xml XBRL INSTANCE DOCUMENT 0000091419 sjm:CommonStockOutstandingMember 2011-05-01 2012-04-30 0000091419 sjm:CommonStockOutstandingMember 2010-05-01 2011-04-30 0000091419 sjm:CommonStockOutstandingMember 2009-05-01 2010-04-30 0000091419 sjm:CommonSharesOutstandingMember 2011-05-01 2012-04-30 0000091419 sjm:CommonSharesOutstandingMember 2010-05-01 2011-04-30 0000091419 sjm:CommonSharesOutstandingMember 2009-05-01 2010-04-30 0000091419 sjm:AmountDueFromEmployeeStockOwnershipPlanTrustMember 2011-05-01 2012-04-30 0000091419 sjm:AmountDueFromEmployeeStockOwnershipPlanTrustMember 2010-05-01 2011-04-30 0000091419 sjm:AmountDueFromEmployeeStockOwnershipPlanTrustMember 2009-05-01 2010-04-30 0000091419 us-gaap:RetainedEarningsMember 2012-04-30 0000091419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-04-30 0000091419 sjm:CommonStockOutstandingMember 2012-04-30 0000091419 sjm:AmountDueFromEmployeeStockOwnershipPlanTrustMember 2012-04-30 0000091419 sjm:AdditionalPaidInCapitalOutstandingMember 2012-04-30 0000091419 us-gaap:RetainedEarningsMember 2011-04-30 0000091419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-04-30 0000091419 sjm:CommonStockOutstandingMember 2011-04-30 0000091419 sjm:AmountDueFromEmployeeStockOwnershipPlanTrustMember 2011-04-30 0000091419 sjm:AdditionalPaidInCapitalOutstandingMember 2011-04-30 0000091419 us-gaap:RetainedEarningsMember 2010-04-30 0000091419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-04-30 0000091419 sjm:CommonStockOutstandingMember 2010-04-30 0000091419 sjm:AmountDueFromEmployeeStockOwnershipPlanTrustMember 2010-04-30 0000091419 sjm:AdditionalPaidInCapitalOutstandingMember 2010-04-30 0000091419 us-gaap:RetainedEarningsMember 2009-04-30 0000091419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-04-30 0000091419 sjm:CommonStockOutstandingMember 2009-04-30 0000091419 sjm:AmountDueFromEmployeeStockOwnershipPlanTrustMember 2009-04-30 0000091419 sjm:AdditionalPaidInCapitalOutstandingMember 2009-04-30 0000091419 us-gaap:DeferredCompensationShareBasedPaymentsMember 2012-04-30 0000091419 sjm:PerformanceUnitsMember 2012-04-30 0000091419 us-gaap:DeferredCompensationShareBasedPaymentsMember 2011-04-30 0000091419 sjm:PerformanceUnitsMember 2011-04-30 0000091419 us-gaap:DeferredCompensationShareBasedPaymentsMember 2010-05-01 2011-04-30 0000091419 sjm:PerformanceUnitsMember 2010-05-01 2011-04-30 0000091419 us-gaap:DeferredCompensationShareBasedPaymentsMember 2009-05-01 2010-04-30 0000091419 sjm:PerformanceUnitsMember 2009-05-01 2010-04-30 0000091419 sjm:SitePreparationAndEquipmentRelocationMember 2011-04-30 0000091419 sjm:ProductionStartUpCostsMember 2011-04-30 0000091419 sjm:OtherCostsMember 2011-04-30 0000091419 sjm:LongLivedAssetChargesMember 2011-04-30 0000091419 sjm:EmployeeRelatedCostsMember 2011-04-30 0000091419 sjm:SitePreparationAndEquipmentRelocationMember 2010-04-30 0000091419 sjm:ProductionStartUpCostsMember 2010-04-30 0000091419 sjm:OtherCostsMember 2010-04-30 0000091419 sjm:LongLivedAssetChargesMember 2010-04-30 0000091419 sjm:EmployeeRelatedCostsMember 2010-04-30 0000091419 sjm:SitePreparationAndEquipmentRelocationMember 2009-04-30 0000091419 sjm:ProductionStartUpCostsMember 2009-04-30 0000091419 sjm:OtherCostsMember 2009-04-30 0000091419 sjm:LongLivedAssetChargesMember 2009-04-30 0000091419 sjm:EmployeeRelatedCostsMember 2009-04-30 0000091419 sjm:BrewEquipmentMember sjm:SaraLeeCorporationMember 2011-05-01 2012-04-30 0000091419 us-gaap:SoftwareMember 2011-05-01 2012-04-30 0000091419 us-gaap:OtherCapitalizedPropertyPlantAndEquipmentMember 2011-05-01 2012-04-30 0000091419 us-gaap:MachineryAndEquipmentMember 2011-05-01 2012-04-30 0000091419 sjm:SeniorNotesDuePeriodSevenMember 2011-08-01 2011-10-31 0000091419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-05-01 2012-04-30 0000091419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-05-01 2011-04-30 0000091419 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2009-05-01 2010-04-30 0000091419 sjm:StateTaxCreditCarryForwardsMember 2011-05-01 2012-04-30 0000091419 sjm:StateLossCarryForwardsMember 2011-05-01 2012-04-30 0000091419 sjm:ForeignJurisdictionalTaxCreditCarryForwardsMember 2011-05-01 2012-04-30 0000091419 sjm:FederalCapitalLossCarryforwardMember 2011-05-01 2012-04-30 0000091419 us-gaap:InterestRateContractMember 2011-04-30 0000091419 us-gaap:ForeignExchangeContractMember 2011-04-30 0000091419 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2011-08-01 2011-10-31 0000091419 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 sjm:USRetailConsumerFoodsMember 2012-04-30 0000091419 sjm:USRetailConsumerFoodsMember 2011-04-30 0000091419 sjm:USRetailConsumerFoodsMember 2010-04-30 0000091419 2012-03-26 0000091419 sjm:AllOtherInternationalMember 2011-05-01 2012-04-30 0000091419 country:CA 2011-05-01 2012-04-30 0000091419 sjm:AllOtherInternationalMember 2010-05-01 2011-04-30 0000091419 country:CA 2010-05-01 2011-04-30 0000091419 sjm:AllOtherInternationalMember 2009-05-01 2010-04-30 0000091419 country:CA 2009-05-01 2010-04-30 0000091419 us-gaap:RetainedEarningsMember 2011-05-01 2012-04-30 0000091419 us-gaap:RetainedEarningsMember 2010-05-01 2011-04-30 0000091419 us-gaap:RetainedEarningsMember 2009-05-01 2010-04-30 0000091419 us-gaap:ForeignExchangeContractMember 2012-04-30 0000091419 us-gaap:ForeignExchangeContractMember 2011-05-01 2012-04-30 0000091419 us-gaap:CommodityContractMember 2011-05-01 2012-04-30 0000091419 us-gaap:ForeignExchangeContractMember 2010-05-01 2011-04-30 0000091419 us-gaap:CommodityContractMember 2010-05-01 2011-04-30 0000091419 us-gaap:CashFlowHedgingMember us-gaap:CommodityContractMember 2011-05-01 2012-04-30 0000091419 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2010-05-01 2011-04-30 0000091419 us-gaap:CashFlowHedgingMember us-gaap:CommodityContractMember 2010-05-01 2011-04-30 0000091419 us-gaap:ForeignExchangeContractMember sjm:OtherCurrentLiabilitiesMember us-gaap:NondesignatedMember 2012-04-30 0000091419 us-gaap:InterestRateContractMember sjm:OtherCurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2012-04-30 0000091419 us-gaap:CommodityContractMember sjm:OtherCurrentLiabilitiesMember us-gaap:NondesignatedMember 2012-04-30 0000091419 us-gaap:CommodityContractMember sjm:OtherCurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2012-04-30 0000091419 sjm:OtherCurrentLiabilitiesMember us-gaap:NondesignatedMember 2012-04-30 0000091419 sjm:OtherCurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2012-04-30 0000091419 sjm:OtherCurrentLiabilitiesMember 2012-04-30 0000091419 us-gaap:ForeignExchangeContractMember sjm:OtherNoncurrentLiabilitiesMember us-gaap:NondesignatedMember 2011-04-30 0000091419 us-gaap:InterestRateContractMember sjm:OtherNoncurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2011-04-30 0000091419 us-gaap:CommodityContractMember sjm:OtherNoncurrentLiabilitiesMember us-gaap:NondesignatedMember 2011-04-30 0000091419 us-gaap:CommodityContractMember sjm:OtherNoncurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2011-04-30 0000091419 us-gaap:ForeignExchangeContractMember sjm:OtherCurrentLiabilitiesMember us-gaap:NondesignatedMember 2011-04-30 0000091419 us-gaap:InterestRateContractMember sjm:OtherCurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2011-04-30 0000091419 us-gaap:CommodityContractMember sjm:OtherCurrentLiabilitiesMember us-gaap:NondesignatedMember 2011-04-30 0000091419 us-gaap:CommodityContractMember sjm:OtherCurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2011-04-30 0000091419 sjm:OtherNoncurrentLiabilitiesMember us-gaap:NondesignatedMember 2011-04-30 0000091419 sjm:OtherNoncurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2011-04-30 0000091419 sjm:OtherCurrentLiabilitiesMember us-gaap:NondesignatedMember 2011-04-30 0000091419 sjm:OtherCurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember 2011-04-30 0000091419 sjm:OtherNoncurrentLiabilitiesMember 2011-04-30 0000091419 sjm:OtherCurrentLiabilitiesMember 2011-04-30 0000091419 us-gaap:ForeignExchangeContractMember sjm:OtherCurrentAssetsMember us-gaap:NondesignatedMember 2012-04-30 0000091419 us-gaap:InterestRateContractMember sjm:OtherCurrentAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember 2012-04-30 0000091419 us-gaap:CommodityContractMember sjm:OtherCurrentAssetsMember us-gaap:NondesignatedMember 2012-04-30 0000091419 us-gaap:CommodityContractMember sjm:OtherCurrentAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember 2012-04-30 0000091419 sjm:OtherCurrentAssetsMember us-gaap:NondesignatedMember 2012-04-30 0000091419 sjm:OtherCurrentAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember 2012-04-30 0000091419 sjm:OtherCurrentAssetsMember 2012-04-30 0000091419 sjm:OtherCurrentAssetsMember us-gaap:NondesignatedMember us-gaap:ForeignExchangeContractMember 2011-04-30 0000091419 sjm:OtherCurrentAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateContractMember 2011-04-30 0000091419 sjm:OtherCurrentAssetsMember us-gaap:NondesignatedMember us-gaap:CommodityContractMember 2011-04-30 0000091419 sjm:OtherCurrentAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CommodityContractMember 2011-04-30 0000091419 sjm:OtherCurrentAssetsMember us-gaap:NondesignatedMember 2011-04-30 0000091419 sjm:OtherCurrentAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember 2011-04-30 0000091419 sjm:OtherCurrentAssetsMember 2011-04-30 0000091419 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:FairValueInputsLevel1Member us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:FairValueInputsLevel3Member us-gaap:InterestRateContractMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:InterestRateContractMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:FairValueInputsLevel1Member us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:FairValueInputsLevel1Member us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:InterestRateContractMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2011-05-01 2012-04-30 0000091419 sjm:CanadaPensionPlansDefinedBenefitMember 2011-05-01 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember us-gaap:FairValueInputsLevel3Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:HedgeFundsMember us-gaap:FairValueInputsLevel3Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember us-gaap:FairValueInputsLevel3Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember us-gaap:FairValueInputsLevel2Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:HedgeFundsMember us-gaap:FairValueInputsLevel2Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember us-gaap:FairValueInputsLevel2Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember us-gaap:FairValueInputsLevel1Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:HedgeFundsMember us-gaap:FairValueInputsLevel1Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember us-gaap:FairValueInputsLevel1Member 2012-04-30 0000091419 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel3Member us-gaap:PensionPlansDefinedBenefitMember 2012-04-30 0000091419 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel2Member us-gaap:PensionPlansDefinedBenefitMember 2012-04-30 0000091419 us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel1Member us-gaap:PensionPlansDefinedBenefitMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:BondsMember us-gaap:FairValueInputsLevel3Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:BondsMember us-gaap:FairValueInputsLevel2Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:BondsMember us-gaap:FairValueInputsLevel1Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:UsEquitySecuritiesMember us-gaap:FairValueInputsLevel3Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:UsEquitySecuritiesMember us-gaap:FairValueInputsLevel2Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:UsEquitySecuritiesMember us-gaap:FairValueInputsLevel1Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:InternationalEquitySecuritiesMember us-gaap:FairValueInputsLevel3Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:InternationalEquitySecuritiesMember us-gaap:FairValueInputsLevel2Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:InternationalEquitySecuritiesMember us-gaap:FairValueInputsLevel1Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:HedgeFundsMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember 2012-04-30 0000091419 us-gaap:FairValueInputsLevel3Member us-gaap:PrivateEquityFundsMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FairValueInputsLevel3Member 2012-04-30 0000091419 us-gaap:FairValueInputsLevel3Member us-gaap:HedgeFundsMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FairValueInputsLevel2Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FairValueInputsLevel1Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:CashAndCashEquivalentsMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:BondsMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:UsEquitySecuritiesMember 2012-04-30 0000091419 us-gaap:FairValueInputsLevel3Member sjm:UsEquitySecuritiesMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:InternationalEquitySecuritiesMember 2012-04-30 0000091419 us-gaap:FairValueInputsLevel3Member 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:HedgeFundsMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:HedgeFundsMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:HedgeFundsMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:CashAndCashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:BondsMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:BondsMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:BondsMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:UsEquitySecuritiesMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:UsEquitySecuritiesMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:UsEquitySecuritiesMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:InternationalEquitySecuritiesMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:InternationalEquitySecuritiesMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:InternationalEquitySecuritiesMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:HedgeFundsMember 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel3Member us-gaap:PrivateEquityFundsMember 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:FairValueInputsLevel3Member us-gaap:HedgeFundsMember 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FairValueInputsLevel2Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FairValueInputsLevel1Member 2011-04-30 0000091419 us-gaap:CashAndCashEquivalentsMember us-gaap:PensionPlansDefinedBenefitMember 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:BondsMember 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:UsEquitySecuritiesMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel3Member sjm:UsEquitySecuritiesMember 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:InternationalEquitySecuritiesMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember 2010-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2010-04-30 0000091419 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember us-gaap:PensionPlansDefinedBenefitMember 2011-05-01 2012-04-30 0000091419 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2011-05-01 2012-04-30 0000091419 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember us-gaap:PensionPlansDefinedBenefitMember 2010-05-01 2011-04-30 0000091419 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2010-05-01 2011-04-30 0000091419 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember us-gaap:PensionPlansDefinedBenefitMember 2009-05-01 2010-04-30 0000091419 us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2009-05-01 2010-04-30 0000091419 sjm:CanadaPensionPlansDefinedBenefitMember us-gaap:PensionPlansDefinedBenefitMember 2009-05-01 2010-04-30 0000091419 sjm:CanadaPensionPlansDefinedBenefitMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2009-05-01 2010-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2012-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:CanadaPensionPlansDefinedBenefitMember 2012-04-30 0000091419 sjm:CanadaPensionPlansDefinedBenefitMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2011-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember us-gaap:UnitedStatesPensionPlansOfUSEntityDefinedBenefitMember 2011-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember sjm:CanadaPensionPlansDefinedBenefitMember 2011-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember sjm:CanadaPensionPlansDefinedBenefitMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel3Member us-gaap:PrivateEquityFundsMember 2011-05-01 2012-04-30 0000091419 us-gaap:FairValueInputsLevel3Member us-gaap:HedgeFundsMember 2011-05-01 2012-04-30 0000091419 us-gaap:FairValueInputsLevel3Member sjm:UsEquitySecuritiesMember 2011-05-01 2012-04-30 0000091419 us-gaap:FairValueInputsLevel3Member 2011-05-01 2012-04-30 0000091419 sjm:CanadaPensionPlansDefinedBenefitMember us-gaap:PensionPlansDefinedBenefitMember 2011-05-01 2012-04-30 0000091419 sjm:CanadaPensionPlansDefinedBenefitMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2011-05-01 2012-04-30 0000091419 sjm:CanadaPensionPlansDefinedBenefitMember us-gaap:PensionPlansDefinedBenefitMember 2010-05-01 2011-04-30 0000091419 sjm:CanadaPensionPlansDefinedBenefitMember us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2010-05-01 2011-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember 2011-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2011-04-30 0000091419 sjm:SeniorNotesDuePeriodTwoMember 2012-04-30 0000091419 sjm:SeniorNotesDuePeriodThreeMember 2012-04-30 0000091419 sjm:SeniorNotesDuePeriodSevenMember 2012-04-30 0000091419 sjm:SeniorNotesDuePeriodFourMember 2012-04-30 0000091419 sjm:SeniorNotesDuePeriodTwoMember 2011-04-30 0000091419 sjm:SeniorNotesDuePeriodThreeMember 2011-04-30 0000091419 sjm:SeniorNotesDuePeriodSixMember 2011-04-30 0000091419 sjm:SeniorNotesDuePeriodSevenMember 2011-04-30 0000091419 sjm:SeniorNotesDuePeriodFourMember 2011-04-30 0000091419 sjm:SeniorNotesDuePeriodFiveMember 2011-04-30 0000091419 sjm:SeniorNotesDuePeriodSevenMember 2011-05-01 2012-04-30 0000091419 sjm:CommonSharesOutstandingMember 2012-04-30 0000091419 sjm:CommonSharesOutstandingMember 2011-04-30 0000091419 sjm:CommonSharesOutstandingMember 2010-04-30 0000091419 sjm:CommonSharesOutstandingMember 2009-04-30 0000091419 us-gaap:SubsidiariesMember 2010-04-30 0000091419 us-gaap:ParentCompanyMember 2010-04-30 0000091419 us-gaap:NonGuarantorSubsidiariesMember 2010-04-30 0000091419 us-gaap:ConsolidationEliminationsMember 2010-04-30 0000091419 us-gaap:SubsidiariesMember 2009-04-30 0000091419 us-gaap:ParentCompanyMember 2009-04-30 0000091419 us-gaap:NonGuarantorSubsidiariesMember 2009-04-30 0000091419 us-gaap:ConsolidationEliminationsMember 2009-04-30 0000091419 sjm:RowlandCoffeeRoastersMember us-gaap:TrademarksMember 2011-05-16 0000091419 sjm:InternationalFoodserviceAndNaturalFoodsMember sjm:SaraLeeCorporationMember 2012-01-03 0000091419 sjm:UsRetailCoffeeMarketMember sjm:RowlandCoffeeRoastersMember 2011-05-16 0000091419 sjm:InternationalFoodserviceAndNaturalFoodsMember sjm:RowlandCoffeeRoastersMember 2011-05-16 0000091419 sjm:BrewEquipmentMember sjm:SaraLeeCorporationMember 2012-04-30 0000091419 sjm:SaraLeeCorporationMember us-gaap:TrademarksMember 2012-01-03 0000091419 us-gaap:CustomerRelationshipsMember sjm:SaraLeeCorporationMember 2012-01-03 0000091419 sjm:SaraLeeCorporationMember sjm:TechnologyMember 2012-01-03 0000091419 sjm:RowlandCoffeeRoastersMember us-gaap:TrademarksMember 2011-05-16 0000091419 us-gaap:CustomerRelationshipsMember sjm:RowlandCoffeeRoastersMember 2011-05-16 0000091419 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2012-04-30 0000091419 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2012-04-30 0000091419 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2011-04-30 0000091419 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2011-04-30 0000091419 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2011-04-30 0000091419 us-gaap:UnallocatedAmountToSegmentMember 2012-04-30 0000091419 sjm:UsRetailConsumerFoodsMarketMember 2012-04-30 0000091419 sjm:UsRetailCoffeeMarketMember 2012-04-30 0000091419 sjm:InternationalMember 2012-04-30 0000091419 sjm:InternationalFoodserviceAndNaturalFoodsMember 2012-04-30 0000091419 sjm:DomesticMember 2012-04-30 0000091419 sjm:AllOtherInternationalMember 2012-04-30 0000091419 country:CA 2012-04-30 0000091419 us-gaap:UnallocatedAmountToSegmentMember 2011-04-30 0000091419 sjm:UsRetailConsumerFoodsMarketMember 2011-04-30 0000091419 sjm:UsRetailCoffeeMarketMember 2011-04-30 0000091419 sjm:InternationalMember 2011-04-30 0000091419 sjm:InternationalFoodserviceAndNaturalFoodsMember 2011-04-30 0000091419 sjm:DomesticMember 2011-04-30 0000091419 sjm:AllOtherInternationalMember 2011-04-30 0000091419 country:CA 2011-04-30 0000091419 us-gaap:UnallocatedAmountToSegmentMember 2010-04-30 0000091419 sjm:UsRetailConsumerFoodsMarketMember 2010-04-30 0000091419 sjm:UsRetailCoffeeMarketMember 2010-04-30 0000091419 sjm:InternationalMember 2010-04-30 0000091419 sjm:InternationalFoodserviceAndNaturalFoodsMember 2010-04-30 0000091419 sjm:DomesticMember 2010-04-30 0000091419 sjm:AllOtherInternationalMember 2010-04-30 0000091419 country:CA 2010-04-30 0000091419 us-gaap:TrademarksMember sjm:SaraLeeCorporationMember 2011-05-01 2012-04-30 0000091419 us-gaap:CustomerRelationshipsMember sjm:SaraLeeCorporationMember 2011-05-01 2012-04-30 0000091419 sjm:SaraLeeCorporationMember sjm:TechnologyMember 2011-05-01 2012-04-30 0000091419 us-gaap:TrademarksMember sjm:RowlandCoffeeRoastersMember 2011-05-01 2012-04-30 0000091419 us-gaap:CustomerRelationshipsMember sjm:RowlandCoffeeRoastersMember 2011-05-01 2012-04-30 0000091419 2009-04-30 0000091419 us-gaap:DeferredCompensationShareBasedPaymentsMember 2011-05-01 2012-04-30 0000091419 sjm:PerformanceUnitsMember 2011-05-01 2012-04-30 0000091419 sjm:ToppingsAndSyrupsMember 2011-05-01 2012-04-30 0000091419 sjm:ShorteningAndOilsMember 2011-05-01 2012-04-30 0000091419 sjm:PortionControlMember 2011-05-01 2012-04-30 0000091419 sjm:PeanutButterMember 2011-05-01 2012-04-30 0000091419 sjm:OtherProductMember 2011-05-01 2012-04-30 0000091419 sjm:JuicesAndBeveragesMember 2011-05-01 2012-04-30 0000091419 sjm:HandheldFrozenSandwichesMember 2011-05-01 2012-04-30 0000091419 sjm:FruitSpreadsMember 2011-05-01 2012-04-30 0000091419 sjm:FlourAndBakingIngredientsMember 2011-05-01 2012-04-30 0000091419 sjm:CoffeeMember 2011-05-01 2012-04-30 0000091419 sjm:CannedMilkMember 2011-05-01 2012-04-30 0000091419 sjm:BakingMixesAndFrostingsMember 2011-05-01 2012-04-30 0000091419 sjm:ToppingsAndSyrupsMember 2010-05-01 2011-04-30 0000091419 sjm:ShorteningAndOilsMember 2010-05-01 2011-04-30 0000091419 sjm:PortionControlMember 2010-05-01 2011-04-30 0000091419 sjm:PeanutButterMember 2010-05-01 2011-04-30 0000091419 sjm:OtherProductMember 2010-05-01 2011-04-30 0000091419 sjm:JuicesAndBeveragesMember 2010-05-01 2011-04-30 0000091419 sjm:HandheldFrozenSandwichesMember 2010-05-01 2011-04-30 0000091419 sjm:FruitSpreadsMember 2010-05-01 2011-04-30 0000091419 sjm:FlourAndBakingIngredientsMember 2010-05-01 2011-04-30 0000091419 sjm:CoffeeMember 2010-05-01 2011-04-30 0000091419 sjm:CannedMilkMember 2010-05-01 2011-04-30 0000091419 sjm:BakingMixesAndFrostingsMember 2010-05-01 2011-04-30 0000091419 sjm:ToppingsAndSyrupsMember 2009-05-01 2010-04-30 0000091419 sjm:ShorteningAndOilsMember 2009-05-01 2010-04-30 0000091419 sjm:PortionControlMember 2009-05-01 2010-04-30 0000091419 sjm:PeanutButterMember 2009-05-01 2010-04-30 0000091419 sjm:OtherProductMember 2009-05-01 2010-04-30 0000091419 sjm:JuicesAndBeveragesMember 2009-05-01 2010-04-30 0000091419 sjm:HandheldFrozenSandwichesMember 2009-05-01 2010-04-30 0000091419 sjm:FruitSpreadsMember 2009-05-01 2010-04-30 0000091419 sjm:FlourAndBakingIngredientsMember 2009-05-01 2010-04-30 0000091419 sjm:CoffeeMember 2009-05-01 2010-04-30 0000091419 sjm:CannedMilkMember 2009-05-01 2010-04-30 0000091419 sjm:BakingMixesAndFrostingsMember 2009-05-01 2010-04-30 0000091419 sjm:TwoThousandTwelveMember 2011-05-01 2012-04-30 0000091419 sjm:TwoThousandThirteenMember 2011-05-01 2012-04-30 0000091419 sjm:TwoThousandSixteenMember 2011-05-01 2012-04-30 0000091419 sjm:TwoThousandSeventeenThroughTwoThousandNineteenMember 2011-05-01 2012-04-30 0000091419 sjm:TwoThousandFourteenMember 2011-05-01 2012-04-30 0000091419 sjm:TwoThousandFifteenMember 2011-05-01 2012-04-30 0000091419 2011-10-18 0000091419 sjm:SeniorNotesDuePeriodSixMember 2012-04-30 0000091419 sjm:SeniorNotesDuePeriodFiveMember 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember 2009-05-01 2010-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2009-05-01 2010-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember 2011-05-01 2012-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2011-05-01 2012-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember 2010-05-01 2011-04-30 0000091419 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2010-05-01 2011-04-30 0000091419 2011-07-29 0000091419 sjm:SitePreparationAndEquipmentRelocationMember 2011-05-01 2012-04-30 0000091419 sjm:ProductionStartUpCostsMember 2011-05-01 2012-04-30 0000091419 sjm:OtherCostsMember 2011-05-01 2012-04-30 0000091419 sjm:LongLivedAssetChargesMember 2011-05-01 2012-04-30 0000091419 sjm:EmployeeRelatedCostsMember 2011-05-01 2012-04-30 0000091419 sjm:SitePreparationAndEquipmentRelocationMember 2010-05-01 2011-04-30 0000091419 sjm:ProductionStartUpCostsMember 2010-05-01 2011-04-30 0000091419 sjm:OtherCostsMember 2010-05-01 2011-04-30 0000091419 sjm:LongLivedAssetChargesMember 2010-05-01 2011-04-30 0000091419 sjm:EmployeeRelatedCostsMember 2010-05-01 2011-04-30 0000091419 sjm:SitePreparationAndEquipmentRelocationMember 2009-05-01 2010-04-30 0000091419 sjm:ProductionStartUpCostsMember 2009-05-01 2010-04-30 0000091419 sjm:OtherCostsMember 2009-05-01 2010-04-30 0000091419 sjm:LongLivedAssetChargesMember 2009-05-01 2010-04-30 0000091419 sjm:EmployeeRelatedCostsMember 2009-05-01 2010-04-30 0000091419 2010-04-30 0000091419 us-gaap:SubsidiariesMember 2012-04-30 0000091419 us-gaap:ParentCompanyMember 2012-04-30 0000091419 us-gaap:NonGuarantorSubsidiariesMember 2012-04-30 0000091419 us-gaap:ConsolidationEliminationsMember 2012-04-30 0000091419 us-gaap:SubsidiariesMember 2011-04-30 0000091419 us-gaap:ParentCompanyMember 2011-04-30 0000091419 us-gaap:NonGuarantorSubsidiariesMember 2011-04-30 0000091419 us-gaap:ConsolidationEliminationsMember 2011-04-30 0000091419 us-gaap:TrademarksMember 2012-04-30 0000091419 us-gaap:TrademarksMember 2011-04-30 0000091419 sjm:USRetailConsumerFoodsMember 2011-05-01 2012-04-30 0000091419 sjm:USRetailConsumerFoodsMember 2010-05-01 2011-04-30 0000091419 2011-10-01 2011-10-31 0000091419 sjm:SaraLeeCorporationMember 2011-05-01 2012-04-30 0000091419 sjm:RowlandCoffeeRoastersMember 2011-05-01 2012-04-30 0000091419 us-gaap:TrademarksMember 2012-04-30 0000091419 us-gaap:PatentedTechnologyMember 2012-04-30 0000091419 us-gaap:CustomerContractsMember 2012-04-30 0000091419 us-gaap:TrademarksMember 2011-04-30 0000091419 us-gaap:PatentedTechnologyMember 2011-04-30 0000091419 us-gaap:CustomerContractsMember 2011-04-30 0000091419 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:MunicipalBondsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:MunicipalBondsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:MunicipalBondsMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2012-04-30 0000091419 us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:MunicipalBondsMember us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:EquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2012-04-30 0000091419 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:MunicipalBondsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel2Member us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel2Member us-gaap:MunicipalBondsMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel1Member us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel1Member us-gaap:MunicipalBondsMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:EquityFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member us-gaap:EquityFundsMember 2011-04-30 0000091419 us-gaap:FairValueInputsLevel1Member us-gaap:EquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:OtherAggregatedInvestmentsMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:MunicipalBondsMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 us-gaap:EquityFundsMember us-gaap:FairValueMeasurementsRecurringMember 2011-04-30 0000091419 sjm:SitePreparationAndEquipmentRelocationMember 2012-04-30 0000091419 sjm:ProductionStartUpCostsMember 2012-04-30 0000091419 sjm:OtherCostsMember 2012-04-30 0000091419 sjm:LongLivedAssetChargesMember 2012-04-30 0000091419 sjm:EmployeeRelatedCostsMember 2012-04-30 0000091419 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2011-05-01 2012-04-30 0000091419 us-gaap:UnallocatedAmountToSegmentMember 2011-05-01 2012-04-30 0000091419 sjm:UsRetailConsumerFoodsMarketMember 2011-05-01 2012-04-30 0000091419 sjm:UsRetailCoffeeMarketMember 2011-05-01 2012-04-30 0000091419 sjm:InternationalFoodserviceAndNaturalFoodsMember 2011-05-01 2012-04-30 0000091419 us-gaap:UnallocatedAmountToSegmentMember 2010-05-01 2011-04-30 0000091419 sjm:UsRetailConsumerFoodsMarketMember 2010-05-01 2011-04-30 0000091419 sjm:UsRetailCoffeeMarketMember 2010-05-01 2011-04-30 0000091419 sjm:InternationalFoodserviceAndNaturalFoodsMember 2010-05-01 2011-04-30 0000091419 us-gaap:UnallocatedAmountToSegmentMember 2009-05-01 2010-04-30 0000091419 sjm:UsRetailConsumerFoodsMarketMember 2009-05-01 2010-04-30 0000091419 sjm:UsRetailCoffeeMarketMember 2009-05-01 2010-04-30 0000091419 sjm:InternationalFoodserviceAndNaturalFoodsMember 2009-05-01 2010-04-30 0000091419 us-gaap:PensionPlansDefinedBenefitMember 2012-04-30 0000091419 sjm:TaxCarryForwardsMember 2012-04-30 0000091419 sjm:StateTaxCreditCarryForwardsMember 2012-04-30 0000091419 sjm:StateLossCarryForwardsMember 2012-04-30 0000091419 sjm:ForeignJurisdictionalTaxCreditCarryForwardsMember 2012-04-30 0000091419 sjm:FederalCapitalLossCarryforwardMember 2012-04-30 0000091419 us-gaap:InterestRateContractMember 2012-04-30 0000091419 us-gaap:CommodityContractMember 2012-04-30 0000091419 us-gaap:CommodityContractMember 2011-04-30 0000091419 sjm:SeniorNotesDuePeriodSevenMember 2011-10-18 0000091419 2011-08-01 2011-10-31 0000091419 sjm:RowlandCoffeeRoastersMember sjm:UsRetailCoffeeMarketMember 2011-05-01 2012-04-30 0000091419 sjm:SaraLeeCorporationMember sjm:InternationalFoodserviceAndNaturalFoodsMember 2011-05-01 2012-04-30 0000091419 sjm:RowlandCoffeeRoastersMember sjm:InternationalFoodserviceAndNaturalFoodsMember 2011-05-01 2012-04-30 0000091419 sjm:RowlandCoffeeRoastersMember 2011-05-16 0000091419 sjm:UnitedStatesPensionPlansInTwoThousandSeventeenMember 2011-05-01 2012-04-30 0000091419 sjm:UnitedStatesPensionPlansInTwoThousandNineteenMember 2011-05-01 2012-04-30 0000091419 2012-04-30 0000091419 2011-04-30 0000091419 us-gaap:SubsidiariesMember 2011-05-01 2012-04-30 0000091419 us-gaap:ParentCompanyMember 2011-05-01 2012-04-30 0000091419 us-gaap:NonGuarantorSubsidiariesMember 2011-05-01 2012-04-30 0000091419 us-gaap:ConsolidationEliminationsMember 2011-05-01 2012-04-30 0000091419 us-gaap:SubsidiariesMember 2010-05-01 2011-04-30 0000091419 us-gaap:ParentCompanyMember 2010-05-01 2011-04-30 0000091419 us-gaap:NonGuarantorSubsidiariesMember 2010-05-01 2011-04-30 0000091419 us-gaap:ConsolidationEliminationsMember 2010-05-01 2011-04-30 0000091419 us-gaap:SubsidiariesMember 2009-05-01 2010-04-30 0000091419 us-gaap:ParentCompanyMember 2009-05-01 2010-04-30 0000091419 us-gaap:NonGuarantorSubsidiariesMember 2009-05-01 2010-04-30 0000091419 us-gaap:ConsolidationEliminationsMember 2009-05-01 2010-04-30 0000091419 sjm:AdditionalPaidInCapitalOutstandingMember 2011-05-01 2012-04-30 0000091419 sjm:AdditionalPaidInCapitalOutstandingMember 2010-05-01 2011-04-30 0000091419 sjm:AdditionalPaidInCapitalOutstandingMember 2009-05-01 2010-04-30 0000091419 sjm:SaraLeeCorporationMember 2012-01-03 0000091419 2010-05-01 2011-04-30 0000091419 2009-05-01 2010-04-30 0000091419 2011-10-31 0000091419 2012-06-18 0000091419 2011-05-01 2012-04-30 sjm:Position utr:Y iso4217:USD xbrli:shares sjm:Vote sjm:Contract sjm:Segment sjm:Industry sjm:Facility sjm:Bank xbrli:pure xbrli:shares iso4217:USD <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 1 - us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureAndSignificantAccountingPoliciesTextBlock--> <!-- xbrl,ns --> <!-- xbrl,nx --> <font style="font-family:times new roman" size="2"></font> <font style="font-family:times new roman" size="2"> </font> <font style="font-family:times new roman" size="2"> </font> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;1</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>ACCOUNTING POLICIES </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Principles of Consolidation: </b>The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and its majority-owned investments, if any. Intercompany transactions and accounts are eliminated in consolidation. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Use of Estimates: </b>The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make certain estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates in these consolidated financial statements include: allowances for doubtful trade receivables, estimates of future cash flows associated with assets, asset impairments, useful lives and residual values for depreciation and amortization, loss contingencies, net realizable value of inventories, accruals for trade marketing and merchandising programs, income taxes, and the determination of discount and other rate assumptions for defined benefit pension and other postretirement benefit expenses. Actual results could differ from these estimates. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Revenue Recognition:</b> The Company recognizes revenue, net of estimated returns and allowances, when all of the following criteria have been met: a valid customer order with a determinable price has been received; the product has been shipped and title has transferred to the customer; there is no further significant obligation to assist in the resale of the product; and collectibility is reasonably assured. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Major Customer: </b>Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 26 percent of net sales in both 2012 and 2011, and 27 percent of net sales in 2010. These sales are primarily included in the two U.S. retail market segments. No other customer exceeded 10 percent of net sales for any year. Trade receivables at April&#160;30, 2012 and 2011, included amounts due from Wal-Mart Stores, Inc. and subsidiaries of $84,068 and $87,623, respectively. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Shipping and Handling Costs: </b>Shipping and handling costs are included in cost of products sold. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Trade Marketing and Merchandising Programs: </b>In order to support the Company&#8217;s products, various promotional activities are conducted through retail trade, distributors, or directly with consumers, including in-store display and product placement programs, feature price discounts, coupons, and other similar activities. The Company regularly reviews and revises, when it deems necessary, estimates of costs to the Company for these promotional programs based on estimates of what will be redeemed by retail trade, distributors, or consumers. These estimates are made using various techniques including historical data on performance of similar promotional programs. Differences between estimated expenditures and actual performance are recognized as a change in management&#8217;s estimate in a subsequent period. As the Company&#8217;s total promotional expenditures, including amounts classified as a reduction of net sales, represented approximately 23 percent of net sales in 2012, a possibility exists of materially different reported results if factors such as the level and success of the promotional programs or other conditions differ from expectations. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Advertising Expense: </b>Advertising costs are expensed as incurred. Advertising expense was $119,600, $115,066, and $130,583 in 2012, 2011, and 2010, respectively. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Research and Development Costs: </b>Total research and development costs were $21,931, $20,981, and $20,963 in 2012, 2011, and 2010, respectively. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Share-Based Payments: </b>Share-based compensation expense is recognized over the requisite service period, which includes a one-year performance period plus the defined forfeiture period, which is typically four years of service or the attainment of a defined age and years of service. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table summarizes amounts related to share-based payments. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="73%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in selling, distribution, and administrative expenses</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>19,292</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,896</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,687</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in other merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,419</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,148</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,262</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in other restructuring costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>105</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">290</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total share-based compensation expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>21,816</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,334</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,949</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Related income tax benefit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7,511</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,064</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,402</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">As of April&#160;30, 2012, total unrecognized share-based compensation cost related to nonvested share-based awards was approximately $29,881. The weighted-average period over which this amount is expected to be recognized is 2.9 years. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Corporate income tax benefits realized upon exercise or vesting of an award in excess of that previously recognized in earnings, referred to as excess tax benefits, are presented in the Statements of Consolidated Cash Flows as a financing activity. Realized excess tax benefits are credited to additional capital in the Consolidated Balance Sheets. Realized shortfall tax benefits, amounts which are less than that previously recognized in earnings, are first offset against the cumulative balance of excess tax benefits, if any, and then charged directly to income tax expense. For 2012, 2011, and 2010, the actual tax deductible benefit realized from share-based compensation was $4,825, $7,310, and $3,005, including $4,832, $6,990, and $2,908, respectively, of excess tax benefits realized upon exercise or vesting of share-based compensation, and classified as other &#8211; net, under financing activities in the Statements of Consolidated Cash Flows. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Defined Contribution Plans: </b>The Company offers employee savings plans for domestic and Canadian employees. The Company&#8217;s contributions under these plans are based on a specified percentage of employee contributions. Charges to operations for these plans in 2012, 2011, and 2010 were $16,078, $16,440, and $15,625, respectively. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Income Taxes: </b>The Company accounts for income taxes using the liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the applicable tax rate is recognized in income or expense in the period that the change is effective. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will not be realized. A tax benefit is recognized when it is more likely than not to be sustained. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company accounts for the financial statement recognition and measurement criteria of a tax position taken or expected to be taken in a tax return under Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 740, <i>Income Taxes</i>. FASB ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In accordance with the requirements of FASB ASC 740, uncertain tax positions have been classified in the Consolidated Balance Sheets as long term, except to the extent payment is expected within one year. The Company recognizes net interest and penalties related to unrecognized tax benefits in income tax expense. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Cash and Cash Equivalents: </b>The Company considers all short-term, highly-liquid investments with a maturity of three months or less when purchased to be cash equivalents. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Trade Receivables: </b>In the normal course of business, the Company extends credit to customers. Trade receivables, less allowance for doubtful accounts, reflect the net realizable value of receivables and approximate fair value. The Company evaluates its trade receivables and establishes an allowance for doubtful accounts based on a combination of factors. When aware that a specific customer has been impacted by circumstances such as bankruptcy filings or deterioration in the customer&#8217;s operating results or financial position, potentially making it unable to meet its financial obligations, the Company records a specific reserve for bad debt to reduce the related receivable to the amount the Company reasonably believes is collectible. The Company also records reserves for bad debt for all other customers based on a variety of factors, including the length of time the receivables are past due, historical collection experience, and an evaluation of current and projected economic conditions at the balance sheet date. Trade receivables are charged off against the allowance after management determines the potential for recovery is remote. At April&#160;30, 2012 and 2011, the allowance for doubtful accounts was $1,715 and $1,882, respectively. The net provision for the allowance for doubtful accounts decreased $167 and $480 in 2012 and 2010, respectively, and increased $361 in 2011. The Company believes there is no concentration of risk with any single customer whose failure or nonperformance would materially affect the Company&#8217;s results other than as discussed in Major Customer. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Inventories:</b> Inventories are stated at the lower of cost or market. Cost for all inventories is determined using the first-in, first-out method applied on a consistent basis. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The cost of finished products and work-in-process inventory includes materials, direct labor, and overhead. Work-in-process is included in finished products in the Consolidated Balance Sheets and was $78,344 and $77,594 at April&#160;30, 2012 and 2011, respectively. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Derivative Financial Instruments:</b> The Company utilizes derivative instruments such as basis contracts, commodity futures and options contracts, foreign currency forwards and options, and interest rate swaps to manage exposures in commodity prices, foreign currency exchange rates, and interest rates. The Company accounts for these derivative instruments in accordance with FASB ASC 815, <i>Derivatives and Hedging</i>, which requires all derivative instruments to be recognized in the financial statements and measured at fair value regardless of the purpose or intent for holding them. For derivatives designated as a cash flow hedge that are used to hedge an anticipated transaction, changes in fair value are deferred and recognized in shareholders&#8217; equity as a component of accumulated other comprehensive (loss) income to the extent the hedge is effective and then recognized in the Statements of Consolidated Income in the period during which the hedged transaction affects earnings. Hedge effectiveness is measured at inception and on a monthly basis. Any ineffectiveness associated with the hedge or changes in fair value of derivatives that are nonqualifying are recognized immediately in the Statements of Consolidated Income. Derivatives designated as fair value hedges that are used to hedge against changes in the fair value of the underlying long-term debt are recognized at fair value on the Consolidated Balance Sheets. Changes in the fair value of the derivative are recognized in the Statements of Consolidated Income and are offset by the change in the fair value of the underlying long-term debt. By policy, the Company historically has not entered into derivative financial instruments for trading purposes or for speculation. For additional information, see Note 12: Derivative Financial Instruments. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Property, Plant, and Equipment:</b> Property, plant, and equipment is recognized at cost and is depreciated on a straight-line basis over the estimated useful life of the asset (3 to 20 years for machinery and equipment, 3 to 7 years for capitalized software costs, and 5 to 40 years for buildings, fixtures, and improvements). </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In 2012, the Company acquired a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation (&#8220;Sara Lee foodservice business&#8221;), which included $36,168 of coffee brew equipment. Brew equipment is recorded at cost and depreciated on a straight-line basis over an estimated useful life of 3 to 5 years. Brew equipment is included in machinery and equipment in the Consolidated Balance Sheet and was $37,100 at April&#160;30, 2012. For additional information, see Note 2: Acquisitions. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company leases certain land, buildings, and equipment for varying periods of time, with renewal options. Rent expense in 2012, 2011, and 2010 totaled $56,502, $57,572, and $55,010, respectively. As of April&#160;30, 2012, the Company&#8217;s minimum operating lease obligations were as follows: $22,445 in 2013, $20,577 in 2014, $13,889 in 2015, $11,929 in 2016, and $9,561 in 2017. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Impairment of Long-Lived Assets: </b>In accordance with FASB ASC 360, <i>Property, Plant, and Equipment</i>, long-lived assets, except goodwill and indefinite-lived intangible assets, are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to future net cash flows estimated by the Company to be generated by such assets. If such assets are considered to be impaired, the impairment to be recognized is the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets. Assets to be disposed of by sale are recognized as held for sale at the lower of carrying value or estimated net realizable value. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Goodwill and Other Intangible Assets: </b>Goodwill is the excess of the purchase price paid over the estimated fair value of the net assets of the business acquired. In accordance with FASB ASC 350, <i>Intangibles &#8211; Goodwill and Other</i>, goodwill and other indefinite-lived intangible assets are not amortized but are reviewed at least annually for impairment. The Company conducts its annual test for impairment of goodwill and other indefinite-lived intangible assets as of February&#160;1 of each year. A discounted cash flow valuation technique and a market-based approach are utilized to estimate the fair value of the Company&#8217;s reporting units. For annual impairment testing purposes, the Company&#8217;s reporting units are its operating segments. The discount rates utilized in the analysis are developed using a weighted-average cost of capital methodology. In addition to the annual test, the Company will test for impairment if events or circumstances occur that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. For additional information, see Note 7: Goodwill and Other Intangible Assets. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Marketable Securities and Other Investments: </b>Under the Company&#8217;s investment policy, it may invest in debt securities deemed to be investment grade at the time of purchase for general corporate purposes. The Company determines the appropriate categorization of debt securities at the time of purchase and reevaluates such designation at each balance sheet date. The Company categorized all debt securities as available for sale as it had the intent to convert these investments into cash if and when needed. Classification of available-for-sale marketable securities as current or noncurrent is based on whether the conversion to cash is expected to be necessary for operations in the upcoming year, which is consistent with the security&#8217;s maturity date. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Securities categorized as available for sale are stated at fair value, with unrealized gains and losses reported as a component of accumulated other comprehensive (loss) income. The fair value of available-for-sale marketable securities was $18,600 at April&#160;30, 2011, and was included in other current assets. All available-for-sale securities had matured or were sold prior to April&#160;30, 2012. Proceeds of $18,600, $57,100, and $13,519 have been realized upon maturity or sale of available-for-sale marketable securities in 2012, 2011, and 2010, respectively. The Company uses specific identification to determine the basis on which securities are sold. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company also maintains funds for the payment of benefits associated with nonqualified retirement plans. These funds include investments considered to be available-for-sale marketable securities. At April&#160;30, 2012 and 2011, the fair value of these investments was $43,217 and $41,560, respectively, and was included in other noncurrent assets. Included in accumulated other comprehensive (loss) income at April&#160;30, 2012 and 2011, were unrealized gains of $3,984 and $2,817, respectively. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Foreign Currency Translation: </b>Assets and liabilities of the Company&#8217;s foreign subsidiaries are translated using the exchange rates in effect at the balance sheet date, while income and expenses are translated using average rates. Translation adjustments are reported as a component of shareholders&#8217; equity in accumulated other comprehensive (loss) income. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Recently Issued Accounting Standards: </b>In June 2011, the FASB issued Accounting Standard Update (&#8220;ASU&#8221;) 2011-05, <i>Presentation of Comprehensive Income</i>, which eliminates the option to present the components of other comprehensive income as part of the statement of shareholders&#8217; equity and requires the presentation of net income and other comprehensive income to be in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 does not change the components that are recognized in net income or other comprehensive income. In December 2011, the FASB issued ASU 2011-12, <i>Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU 2011-05</i>, which defers the requirement to present on the face of the financial statements reclassification adjustments for items that are reclassified from accumulated other comprehensive income to net income while the FASB further deliberates this aspect of the standard. ASU 2011-05, as amended by ASU 2011-12, will be effective May&#160;1, 2012, for the Company. Adoption of this guidance requires retrospective application and will affect the presentation of certain elements of the Company&#8217;s financial statements, but will not otherwise have an impact on the financial statements. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In September 2011, the FASB issued ASU 2011-08, <i>Testing Goodwill for Impairment</i>, which simplifies the testing of goodwill for impairment. ASU 2011-08 will allow the Company the option to perform either a qualitative test or the first step of the two-step quantitative goodwill impairment test to assess the likelihood that the estimated fair value of a reporting unit is less than the carrying amount. This ASU will also be effective May&#160;1, 2012, for the Company. The Company anticipates that adoption of ASU 2011-08 could change the annual process for goodwill impairment testing, but will not impact the financial statements or disclosures. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In December 2011, the FASB issued ASU 2011-11, <i>Disclosures about Offsetting Assets and Liabilities</i>. ASU 2011-11 requires the disclosure of both gross and net information about instruments and transactions eligible for offset in the consolidated balance sheet. This ASU will be effective May&#160;1, 2013, for the Company and will require retrospective application. The Company anticipates the adoption of ASU 2011-11 will not impact the financial statements, but will expand the disclosures related to derivative instruments. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Risks and Uncertainties: </b>The raw materials used by the Company in each of its segments are primarily commodities and agricultural-based products. Glass, plastic, steel cans, caps, carton board, and corrugate are the principal packaging materials used by the Company. The fruit and vegetable raw materials used by the Company in the production of its food products are purchased from independent growers and suppliers. Green coffee, peanuts, edible oils, sweeteners, milk, flour, corn, and other ingredients are obtained from various suppliers. The availability, quality, and cost of many of these commodities have fluctuated, and may continue to fluctuate, over time. Green coffee is sourced solely from foreign countries and its supply and price are subject to high volatility due to factors such as weather, global supply and demand, pest damage, and political and economic conditions in the source countries. Raw materials are generally available from numerous sources, although the Company has elected to source certain plastic packaging materials from single sources of supply pursuant to long-term contracts. While availability may vary year to year, the Company believes that it will continue to be able to obtain adequate supplies and that alternatives to single-sourced materials are available. The Company has not historically encountered significant shortages of key raw materials. The Company considers its relationships with key material suppliers to be good. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> Approximately 28 percent of the Company&#8217;s employees are covered by union contracts at 11 locations. The contracts vary in term depending on the location, with three contracts expiring in 2013. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company insures its business and assets in each country against insurable risks, to the extent that it deems appropriate, based upon an analysis of the relative risks and costs. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Reclassifications: </b>Certain prior year amounts have been reclassified to conform to current year classifications. </font></p> <p style="font-size:18px;margin-top:0px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 2 - us-gaap:BusinessCombinationDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;2</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>ACQUISITIONS </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On January&#160;3, 2012, the Company completed the acquisition of a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation, including a state-of-the-art liquid coffee manufacturing facility in Suffolk, Virginia, for $420.6 million in an all-cash transaction. Utilizing proceeds from the 3.50 percent Notes issued in October 2011, the Company paid $375.6 million, net of a working capital adjustment, and will pay Sara Lee Corporation an additional $50.0 million in declining installments over the next 10 years. The additional $50.0 million obligation was included in other current liabilities and other noncurrent liabilities in the Consolidated Balance Sheet and recorded at a present value of $45.0 million as of the date of acquisition. In addition, the Company has incurred one-time costs of $14.2 million through April&#160;30, 2012, directly related to the merger and integration of the acquired Sara Lee foodservice business, and the charges were reported in other merger and integration costs in the Statement of Consolidated Income. Total one-time costs related to the acquisition are estimated to be approximately $25.0 million, consisting primarily of transition services provided by Sara Lee Corporation and employee separation and relocation costs, nearly all of which are cash related. The Company expects the remaining costs to be incurred over the next two fiscal years. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The acquisition included the market-leading liquid coffee concentrate business sold under the licensed <i>Douwe Egberts</i> brand, along with a variety of roast and ground coffee, cappuccino, tea, and cocoa products, sold through foodservice channels in North America. Liquid coffee concentrate adds a unique, high-quality, and technology-driven form of coffee to the Company&#8217;s existing foodservice product offering. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The purchase price was allocated to the underlying assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. The Company determined the estimated fair values based on independent appraisals, discounted cash flow analyses, and estimates made by management. The purchase price exceeded the estimated fair value of the net identifiable tangible and intangible assets acquired, and, as such, the excess was allocated to goodwill. The amount allocated to goodwill was primarily attributable to anticipated synergies and market expansion. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="87%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Assets acquired:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,221</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other current assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">42,619</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">92,775</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">138,900</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">149,948</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total assets acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">426,326</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Liabilities assumed:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,599</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Noncurrent liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,097</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total liabilities assumed</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,696</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net assets acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">420,630</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Goodwill of $149.9 million was assigned to the International, Foodservice, and Natural Foods segment. Of the total goodwill, $143.3 million is deductible for income tax purposes. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The purchase price allocated to the identifiable intangible assets acquired is as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="87%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets with finite lives:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Customer relationships (10-year useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">92,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Technology (10-year useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">23,800</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademarks (6-year weighted-average useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">23,100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">138,900</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The results of operations of the Sara Lee foodservice business are reported in the Company&#8217;s consolidated financial statements from the date of acquisition and include $124.2 million of total net sales, included in the International, Foodservice, and Natural Foods segment financial results, and did not have a material impact on segment profit for the year ended April&#160;30, 2012. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On May&#160;16, 2011, the Company completed the acquisition of the coffee brands and business operations of Rowland Coffee Roasters, Inc. (&#8220;Rowland Coffee&#8221;), a privately-held company headquartered in Miami, Florida, for $362.8 million. The acquisition included a manufacturing, distribution, and office facility in Miami. The Company utilized cash on hand and borrowed $180.0 million under its revolving credit facility to fund the transaction. In addition, the Company has incurred one-time costs of $10.7 million through April&#160;30, 2012, directly related to the merger and integration of Rowland Coffee, which includes approximately $4.6 million in noncash expense items that were reported in cost of products sold. The remaining charges were reported in other merger and integration costs in the Statement of Consolidated Income. Total one-time costs related to the acquisition are estimated to be approximately $25.0 million, including approximately $10.0 million of noncash charges, primarily accelerated depreciation, associated with consolidating coffee production currently in Miami into the Company&#8217;s existing facilities in New Orleans, Louisiana. The Company expects the remaining costs to be incurred over the next two fiscal years. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The acquisition of Rowland Coffee, a leading producer of espresso coffee in the U.S., strengthens and broadens the Company&#8217;s leadership in the U.S. retail coffee category by adding the leading Hispanic brands, <i>Caf&eacute; Bustelo and Caf&eacute; Pilon</i>, to the Company&#8217;s portfolio of brands. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The purchase price was allocated to the underlying assets acquired and liabilities assumed based upon their estimated fair values at the date of acquisition. The Company determined the estimated fair values based on independent appraisals, discounted cash flow analyses, and estimates made by management. The purchase price exceeded the estimated fair value of the net identifiable tangible and intangible assets acquired, and, as such, the excess was allocated to goodwill. The amount allocated to goodwill was primarily attributable to anticipated synergies and market expansion. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="87%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Assets acquired:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">33,971</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,227</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">213,500</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">91,675</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total assets acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">368,373</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Liabilities assumed:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,527</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total liabilities assumed</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,527</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net assets acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">362,846</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Goodwill of $84.8 million and $6.9 million was assigned to the U.S. Retail Coffee and the International, Foodservice, and Natural Foods segments, respectively. Of the total goodwill, $88.7 million is deductible for income tax purposes. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The purchase price allocated to the identifiable intangible assets acquired is as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="87%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets with finite lives:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Customer relationships (19-year weighted-average useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">147,800</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademark (10-year useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets with indefinite lives:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademarks</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">64,100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">213,500</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The results of operations of the Rowland Coffee business are included in the Company&#8217;s consolidated financial statements from the date of acquisition and include $99.3 million and $16.0 million of total net sales and $13.9 million and $2.5 million of total segment profit included in the U.S. Retail Coffee and International, Foodservice, and Natural Foods segment financial results, respectively, for the year ended April&#160;30, 2012. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">If the Sara Lee foodservice business and Rowland Coffee acquisitions had occurred on May&#160;1, 2010, pro forma consolidated net sales would have been approximately $5.7 billion and $5.3 billion for the years ended April&#160;30, 2012 and 2011, respectively, and the contribution of the acquired businesses would not have had a material impact to reported consolidated earnings for the years ended April&#160;30, 2012 and 2011. The pro forma consolidated results do not give effect to the synergies of the acquisitions and are not indicative of the results of operations in future periods. </font></p> <p style="font-size:18px;margin-top:0px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 3 - us-gaap:EquityMethodInvestmentsDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;3</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>EQUITY METHOD INVESTMENT </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On March&#160;26, 2012, the Company acquired a 25 percent equity interest in Guilin Seamild Biologic Technology Development Co., Ltd. (&#8220;Seamild&#8221;), a privately-owned manufacturer and marketer of oats products headquartered in Guilin in the Guangxi province of China, for $35.9 million. Seamild&#8217;s products, primarily oatmeal and oat-based cereals, are sold under the leading Seamild brand with distribution in retail channels throughout China. Seamild&#8217;s portfolio of quality, trusted products aligns with the Company&#8217;s strategy of owning and marketing leading food brands. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The initial investment in Seamild was recorded at cost and is included in other noncurrent assets in the Consolidated Balance Sheet at April&#160;30, 2012. The difference between the carrying amount of the investment and the underlying equity in net assets is primarily attributable to goodwill and other intangible assets. Under the equity method of accounting, the investment is adjusted for the Company&#8217;s proportionate share of earnings or losses, including consideration of basis differences resulting from the difference between the initial carrying amount of the investment and the underlying equity in net assets. The investment did not have a material impact on the Company&#8217;s consolidated financial statements for the year ended April&#160;30, 2012. </font></p> <p style="font-size:18px;margin-top:0px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 4 - us-gaap:RestructuringAndRelatedActivitiesDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;4</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>RESTRUCTURING </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In calendar 2010, the Company announced its plan to restructure its coffee, fruit spreads, and Canadian pickle and condiments operations as part of its ongoing efforts to enhance the long-term strength and profitability of its leading brands. The initiative is a long-term investment to optimize production capacity and lower the overall cost structure. It includes capital investments for a new state-of-the-art food manufacturing facility in Orrville, Ohio; consolidation of coffee production in New Orleans, Louisiana; and the transition of the Company&#8217;s pickle and condiments production to third-party manufacturers. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Upon completion, the restructuring plan will result in a reduction of approximately 850 full-time positions and the closing of six of the Company&#8217;s facilities &#8211; Memphis, Tennessee; Ste. Marie, Quebec; Sherman, Texas; Kansas City, Missouri; Dunnville, Ontario; and Delhi Township, Ontario. The Sherman, Dunnville, Delhi Township, and Kansas City facilities have been closed and approximately 70 percent of the full-time positions have been reduced as of April&#160;30, 2012. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">During 2012, the Company increased its estimate of the total anticipated restructuring costs from approximately $235.0 million to $245.0 million, consisting primarily of increases to employee separation and site preparation and equipment relocation charges. The Company has incurred cumulative costs of $188.8 million related to the initiative through April&#160;30, 2012. The majority of the remaining costs are anticipated to be recognized over the next two fiscal years. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table summarizes the restructuring activity, including the liabilities recorded and the total amount expected to be incurred. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="50%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Long-Lived<br />Asset&#160;Charges</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Employee</font><br /><font style="font-family:times new roman" size="1">Separation</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Site&#160;Preparation</font><br /><font style="font-family:times new roman" size="1">and Equipment</font><br /><font style="font-family:times new roman" size="1">Relocation</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Production</font><br /><font style="font-family:times new roman" size="1">Start-up</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other&#160;Costs</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Total</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total expected restructuring charge</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">105,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">71,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">31,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">26,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">245,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1, 2009</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Charge to expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,139</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">407</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">279</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,711</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash payments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(407</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(16</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(279</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(752</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Noncash utilization</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2010</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 1,089</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 1,089</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Charge to expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">53,569</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">36,010</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,192</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,194</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">992</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">101,957</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash payments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(18,361</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,192</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,194</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(992</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(30,739</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Noncash utilization</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,569</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,540</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(62,109</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,198</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 10,198</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Charge to expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">34,195</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,364</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,963</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,689</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,930</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,141</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash payments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,754</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,963</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,689</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,930</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(40,336</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Noncash utilization</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(34,195</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,030</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(42,225</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Balance at April&#160;30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,778</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,778</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Remaining expected restructuring charge</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 13,366</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,487</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,438</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,101</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 7,799</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 56,191</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">During the years ended April&#160;30, 2012, 2011, and 2010, total restructuring charges of $81.1 million, $102.0 million, and $5.7 million, respectively, were reported in the Statements of Consolidated Income. Of the total restructuring charges, $38.6 million, $54.1 million, and $3.9 million were reported in cost of products sold in the years ended April&#160;30, 2012, 2011, and 2010, respectively. The remaining charges were reported in other restructuring costs. The restructuring costs classified as cost of products sold primarily include long-lived asset charges for accelerated depreciation related to property, plant, and equipment that will be used at the affected production facilities until they are closed or sold. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Employee separation costs include severance, retention bonuses, and pension costs. Severance costs and retention bonuses are being recognized over the estimated future service period of the affected employees. The obligation related to employee separation costs is included in other current liabilities in the Consolidated Balance Sheets. For additional information on the impact of the restructuring plan on defined benefit pension and other postretirement benefit plans, see Note 8: Pensions and Other Postretirement Benefits. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Other costs include professional fees, costs related to closing the facilities, and miscellaneous expenditures associated with the Company&#8217;s restructuring initiative and are expensed as incurred. </font></p> <p style="font-size:18px;margin-top:0px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 5 - us-gaap:SegmentReportingDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;5</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>REPORTABLE SEGMENTS </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company operates in one industry: the manufacturing and marketing of food products. The Company has three reportable segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, and International, Foodservice, and Natural Foods. The U.S. Retail Coffee segment primarily represents the domestic sales of <i>Folgers, Dunkin&#8217; Donuts, Millstone, Caf&eacute; Bustelo, and Caf&eacute; Pilon</i> branded coffee; the U.S. Retail Consumer Foods segment primarily includes domestic sales of <i>Smucker&#8217;s, Crisco, Jif, Pillsbury, Eagle Brand, Hungry Jack, and Martha White</i> branded products; and the International, Foodservice, and Natural Foods segment is comprised of products distributed domestically and in foreign countries through retail channels, foodservice distributors and operators (e.g., restaurants, lodging, schools and universities, health care operators), and health and natural foods stores and distributors. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Segment profit represents revenue, less direct and allocable operating expenses, and is consistent with the way in which the Company manages segments. However, the Company does not represent that the segments, if operated independently, would report the segment profit set forth below, as segment profit excludes certain operating expenses such as corporate administrative expenses. Segment assets represent direct and allocable assets, including certain corporate-held assets such as property, plant, and equipment, and are also set forth in the following table. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,297,737</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,930,869</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,700,458</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,094,456</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,953,043</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,004,700</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,133,589</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">941,831</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">900,131</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,525,782</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,825,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,605,289</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Segment profit:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 543,012</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 536,133</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">484,006</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>393,300</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">406,455</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">407,721</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>168,572</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">159,580</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">140,404</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total segment profit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,104,884</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,102,168</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,032,131</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,504</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,512</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,793</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(81,296</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(69,594</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(65,187</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(19,292</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,896</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(20,687</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold &#8211; restructuring</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(38,552</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(54,089</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold &#8211; merger and integration</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,610</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other restructuring costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(42,589</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(47,868</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,841</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(29,904</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(11,194</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(33,692</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Corporate administrative expenses</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(191,654</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(184,849</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(181,132</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other income (expense) &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,667</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(26</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,238</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income before income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>701,158</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 717,164</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">730,753</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,033,561</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,830,127</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,625,502</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,612,732</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,416,037</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,327,466</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,179,624</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">684,434</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">694,478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Unallocated </font><font style="font-family:times new roman" size="1"><sup> (A)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>289,309</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">393,987</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">327,407</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,115,226</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,324,585</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,974,853</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Depreciation, amortization, and impairment charges:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>102,323</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">95,423</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">99,490</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>46,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">43,280</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44,727</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>37,698</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,680</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">28,976</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Unallocated </font><font style="font-family:times new roman" size="1"><sup> (B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>64,821</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">76,855</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,217</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total depreciation, amortization, and impairment charges</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 251,586</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 257,238</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 197,410</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Additions to property, plant, and equipment:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 86,903</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 59,910</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52,198</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>159,544</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">88,217</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">58,457</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>27,797</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">31,953</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">26,328</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total additions to property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 274,244</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 180,080</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 136,983</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(A)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Primarily represents unallocated cash and cash equivalents and corporate-held investments. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(B)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Primarily represents unallocated depreciation expense included in cost of products sold &#8211; restructuring, cost of products sold &#8211; merger and intergration, and corporate administrative expenses. </font></td> </tr> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table presents certain geographical information. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,014,695</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,358,091</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,167,042</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canada</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 447,004</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 409,710</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 385,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">All other international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>64,083</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57,942</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52,377</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 511,087</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 467,652</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 438,247</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,525,782</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,825,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,605,289</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,721,449</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,912,311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,591,931</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canada</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 386,026</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 406,576</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 376,788</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">All other international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7,751</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,698</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,134</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 393,777</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 412,274</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 382,922</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,115,226</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,324,585</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,974,853</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-lived assets (excluding goodwill and other intangibles):</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,164,802</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 885,952</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 854,523</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canada</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 28,072</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 48,172</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 61,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">All other international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>37,262</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">706</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">712</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 65,334</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 48,878</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 62,455</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total long-lived assets (excluding goodwill and other intangibles)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,230,136</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 934,830</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 916,978</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table presents product sales information. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="82%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>48</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Peanut butter</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>12</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fruit spreads</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Shortening and oils</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Baking mixes and frostings</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canned milk</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Flour and baking ingredients</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Portion control</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Juices and beverages</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Handheld frozen sandwiches</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Toppings and syrups</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total product sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>100</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 6 - us-gaap:EarningsPerShareTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;6</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>EARNINGS PER SHARE </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table sets forth the computation of net income per common share and net income per common share &#8211; assuming dilution under the two-class method. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="58%">&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Computation of net income per common share:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>459,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">479,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">494,138</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income allocated to participating securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,267</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,692</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,321</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income allocated to common stockholders</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>455,477</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">474,790</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">489,817</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average common shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>112,212,677</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,009,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,911,160</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income per common share</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 4.06</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 4.06</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 4.15</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Computation of net income per common share &#8211; assuming dilution:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>459,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">479,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">494,138</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income allocated to participating securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,266</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,690</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,318</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income allocated to common stockholders</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>455,478</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">474,792</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">489,820</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average common shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>112,212,677</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,009,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,911,160</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Dilutive effect of stock options</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>49,616</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">110,335</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">130,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average common shares outstanding &#8211; assuming dilution</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>112,262,293</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,119,697</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">118,041,171</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income per common share &#8211; assuming dilution</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 4.06</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 4.05</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 4.15</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table reconciles the weighted-average common shares used in the basic and diluted earnings per share disclosures to the total weighted-average shares outstanding. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="61%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average common shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>112,212,677</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,009,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,911,160</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average participating shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,051,274</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,156,389</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,040,274</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>113,263,951</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">118,165,751</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">118,951,434</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Dilutive effect of stock options</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>49,616</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">110,335</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">130,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average shares outstanding &#8211; assuming dilution</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>113,313,567</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">118,276,086</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">119,081,445</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 7 - us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;7</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>GOODWILL AND OTHER INTANGIBLE ASSETS </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">A summary of changes in the Company&#8217;s goodwill during the years ended April&#160;30, 2012 and 2011, by reportable segment is as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="56%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">U.S.&#160;Retail</font><br /><font style="font-family:times new roman" size="1">Coffee</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">U.S.&#160;Retail</font><br /><font style="font-family:times new roman" size="1">Consumer</font><br /><font style="font-family:times new roman" size="1"> Foods</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">International,</font><br /><font style="font-family:times new roman" size="1">Foodservice,&#160;and</font><br /><font style="font-family:times new roman" size="1"> Natural Foods</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Total</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1, 2010</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,635,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,034,395</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">137,922</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,807,730</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(47</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,772</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,291</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,016</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,635,366</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,036,167</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">141,213</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,812,746</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Acquisitions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">84,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">156,778</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">241,623</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">86</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,088</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">249</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Balance at April&#160;30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,720,297</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,035,242</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>299,079</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,054,618</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Included in the other category at April&#160;30, 2012 and 2011, were foreign currency exchange and other adjustments. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company&#8217;s other intangible assets and related accumulated amortization and impairment charges are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="48%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April&#160;30, 2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Acquisition<br />Cost</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Accumulated<br />Amortization/<br />Impairment<br />Charges</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Net</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Acquisition<br />Cost</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Accumulated<br />Amortization/<br />Impairment<br />Charges</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Net</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Finite-lived intangible assets subject to amortization:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Customer and contractual relationships</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,415,084</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>238,419</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,176,665</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,180,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">168,125</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,011,875</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Patents and technology</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>158,770</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>36,888</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>121,882</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">134,970</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,980</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">108,990</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademarks</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>62,554</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>18,854</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>43,700</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35,153</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,652</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">28,501</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total intangible assets subject to amortization</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,636,408</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>294,161</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,342,247</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,350,123</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">200,757</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,149,366</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Indefinite-lived intangible assets not subject to amortization:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademarks</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,855,621</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>10,861</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,844,760</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,799,862</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,218</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,790,644</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total other intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,492,029</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>305,022</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,187,007</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,149,985</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">209,975</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,940,010</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Amortization expense for finite-lived intangible assets was $87,721, $73,438, and $72,417 in 2012, 2011, and 2010, respectively. The weighted-average useful life of the finite-lived intangible assets is 18 years. Based on the amount of intangible assets subject to amortization at April&#160;30, 2012, the estimated amortization expense for each of the succeeding five years is approximately $96,000. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company reviews goodwill and other indefinite-lived intangible assets at least annually for impairment. The annual impairment review was performed as of February&#160;1, 2012. Goodwill impairment is tested at the reporting unit level which is the Company&#8217;s operating segments. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> Nonrecurring fair value adjustments of $4,590, $17,599, and $11,658 were recognized related to the impariment of certain intangible assets in 2012, 2011, and 2010, respectively. The impairment recognized in 2012 was related to a finite-lived trademark. The impairment was recognized in the fourth quarter when the Company evaluated the historical performance and future growth of this regional canned milk brand. The Company utilized Level 3 inputs based on management&#8217;s best estimates and assumptions to estimate the fair value of the trademark and concluded the trademark had no value. The majority of the impairment recognized in 2011 and 2010 was related to the Europe&#8217;s Best trademark and customer relationship. In October 2011, the Company sold the Europe&#8217;s Best frozen fruit and vegetable business, resulting in a loss of $11,287. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 8 - us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;8</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>PENSIONS AND OTHER POSTRETIREMENT BENEFITS </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company has defined benefit pension plans covering certain domestic and Canadian employees. Benefits are based on the employee&#8217;s years of service and compensation. The Company&#8217;s plans are funded in conformity with the funding requirements of applicable government regulations. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> In addition to providing pension benefits, the Company sponsors several unfunded, defined postretirement plans that provide health care and life insurance benefits to certain retired domestic and Canadian employees. These plans are contributory, with retiree contributions adjusted periodically, and contain other cost-sharing features, such as deductibles and coinsurance. Covered employees generally are eligible for these benefits when they reach age 55 and have attained 10 years of credited service. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Upon completion of the restructuring activity discussed in Note 4: Restructuring, approximately 850 full-time positions will be reduced. The Company has included the estimated impact of the planned reductions in measuring the U.S. and Canadian benefit obligation of the pension plans and other postretirement plans at April&#160;30, 2012. As a result, the benefit obligation of the pension plans and other postretirement plans decreased by approximately $2,700 and increased by approximately $1,900, respectively. Included in the following tables are charges recognized for termination benefits, curtailment, and settlement as a result of the restructuring plan. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table summarizes the components of net periodic benefit cost and the change in accumulated other comprehensive (loss) income related to the defined benefit pension and other postretirement plans. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="61%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined Benefit Pension Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other Postretirement Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:68pt"><font style="font-family:times new roman" size="1"><b></b>Year Ended April&#160;30,<b></b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Service cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,050</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,504</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,755</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,348</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,620</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,525</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>26,210</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,491</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,788</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,075</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,775</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,607</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(26,955</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(26,848</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(22,894</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of prior service cost (credit)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,117</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,146</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(425</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of net actuarial loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,381</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,294</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,291</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(43</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(536</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,043</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Curtailment loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,124</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,095</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(115</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,066</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Termination benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,838</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,395</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,030</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net periodic benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>21,831</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">30,077</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">15,302</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,870</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,783</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other changes in plan assets and benefit liabilities recognized in accumulated other comprehensive (loss) income before income taxes:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Prior service cost arising during the year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(359</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,334</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net actuarial loss arising during the year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(82,125</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,533</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,713</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,163</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(7,769</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,248</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of prior service cost (credit)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,117</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,146</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(425</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of net actuarial loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,381</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,294</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,291</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(43</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(536</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,043</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Curtailment loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,124</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,095</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(115</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,066</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,092</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,032</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,932</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(69</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">104</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">173</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>23</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(71</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net change for year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(68,322</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(389</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,397</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,815</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,615</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,607</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average assumptions used in determining net periodic benefit costs:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. plans:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Discount rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5.50</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.80</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5.50</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.80</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.75</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Rate of compensation increase</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.14</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.15</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3.79</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canadian plans:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Discount rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.30</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.30</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6.66</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.08</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.33</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Rate of compensation increase</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company uses a measurement date of April&#160;30 to determine defined benefit pension plans and other postretirement benefits&#8217; assets and benefit obligations. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table sets forth the combined status of the plans as recognized in the Consolidated Balance Sheets. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="63%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined&#160;Benefit&#160;Pension&#160;Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other&#160;Postretirement&#160;Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:28pt"><font style="font-family:times new roman" size="1">April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Change in benefit obligation:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefit obligation at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>503,346</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">450,728</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>59,789</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,592</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Service cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,050</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,504</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,348</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,620</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>26,210</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,491</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,075</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,775</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amendments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">359</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actuarial loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>60,019</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">30,276</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,278</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,769</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Participant contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">498</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,412</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,077</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefits paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(28,603</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(30,502</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(3,595</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,674</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(5,052</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,446</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(526</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,270</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Curtailment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>398</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,151</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(115</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,974</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Termination benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,838</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,395</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,030</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>133</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">22</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefit obligation at end of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>561,746</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">503,346</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>68,829</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">59,789</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Change in plan assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>407,600</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">367,322</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actual return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,246</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Company contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>11,428</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,779</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,165</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,576</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Participant contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">498</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,412</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,077</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefits paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(28,603</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(30,502</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(3,595</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,674</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,760</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,974</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>18</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets at end of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>386,467</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">407,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Funded status of the plans</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(175,279</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(95,746</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(68,829</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(59,789</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,976</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Defined benefit pensions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(147,551</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(98,722</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accrued compensation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(27,728</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Postretirement benefits other than pensions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(68,829</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(59,789</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net benefit liability</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(175,279</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(95,746</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(68,829</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(59,789</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company will offer terminated pension participants a lump-sum cash settlement in order to reduce the Company&#8217;s future pension obligation and administrative costs. Approximately $20,000 of the $27,728 in accrued compensation relates to the anticipated lump-sum payments. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table summarizes amounts recognized in accumulated other comprehensive (loss) income in the Consolidated Balance Sheets, before income taxes. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="66%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined&#160;Benefit&#160;Pension&#160;Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other&#160;Postretirement&#160;Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:28pt"><font style="font-family:times new roman" size="1">April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net actuarial (loss) gain</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(204,471</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(134,306</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,293</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,683</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Prior service (cost) credit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,966</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,809</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,704</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,129</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total recognized in accumulated other comprehensive (loss) income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(207,437</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(139,115</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,997</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,812</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">During 2013, the Company expects to recognize amortization of net actuarial losses and prior service cost of $13,298 and $588, respectively, in net periodic benefit cost. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table sets forth the assumptions used in determining the benefit obligations. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="7%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="7%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="7%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="7%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined&#160;Benefit&#160;Pension&#160;Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other</font><br /><font style="font-family:times new roman" size="1">Postretirement&#160;Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:28pt"><font style="font-family:times new roman" size="1">April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average assumptions used in determining benefit obligation:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. plans:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Discount rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.70</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.70</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Rate of compensation increase</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.14</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.14</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canadian plans:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Discount rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.20</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.20</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Rate of compensation increase</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">For 2013, the assumed health care trend rates are 8.0 percent and 6.5 percent for the U.S. and Canadian plans, respectively. The rate for participants under age 65 is assumed to decrease to 5.0 percent in 2019 and 4.5 percent in 2017 for the U.S. and Canadian plans, respectively. The health care cost trend rate assumption has a significant effect on the amount of the other postretirement benefits obligation and periodic other postretirement benefits cost reported. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">A one-percentage point annual change in the assumed health care cost trend rate would have the following effect as of April&#160;30, 2012: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="82%">&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">One-Percentage&#160;Point</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Increase</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Decrease</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect on total service and interest cost components</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">209</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">176</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect on benefit obligation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,274</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,844</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table sets forth selective information pertaining to the Company&#8217;s Canadian pension and other postretirement benefit plans. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined&#160;Benefit&#160;Pension&#160;Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other&#160;Postretirement&#160;Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:68pt"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefit obligation at end of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>125,708</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">123,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>13,255</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,898</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets at end of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>104,475</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">113,814</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Funded status of the plans</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(21,233</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,786</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(13,255</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,898</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Components of net periodic benefit cost:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Service cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,362</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,470</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>39</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">34</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,616</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,713</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>570</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">596</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(7,018</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,912</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of net actuarial loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,983</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,836</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(39</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Curtailment loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">185</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(115</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,066</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Termination benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">933</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net periodic benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,009</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,231</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>490</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">590</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Changes in plan assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Company contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,123</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,629</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>762</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">771</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Participant contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">498</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefits paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(9,324</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,595</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(762</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(771</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actual return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,066</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,419</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,760</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,974</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table sets forth additional information related to the Company&#8217;s defined benefit pension plans. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="78%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>April&#160;30,<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>2011<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accumulated benefit obligation for all pension plans</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>523,584</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">468,604</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Plans with an accumulated benefit obligation in excess of plan assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accumulated benefit obligation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>523,584</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">436,329</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>386,467</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">371,895</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Plans with a projected benefit obligation in excess of plan assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Projected benefit obligation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>561,746</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">473,555</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>386,467</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">374,741</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company employs a total return on investment approach for the defined benefit pension plans&#8217; assets. A mix of equity, fixed-income, and alternative investments is used to maximize the long-term rate of return on assets for the level of risk. In determining the expected long-term rate of return on the defined benefit pension plans&#8217; assets, management considers the historical rates of return, the nature of investments, the asset allocation, and expectations of future investment strategies. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following tables summarize the fair value of the major asset classes for the U.S. and Canadian defined benefit pension plans and the levels within the fair value hierarchy in which the fair value measurements fall. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="54%">&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Quoted&#160;Prices&#160;in</font><br /><font style="font-family:times new roman" size="1">Active&#160; Markets&#160;for</font><br /><font style="font-family:times new roman" size="1">Identical Assets</font><br /><font style="font-family:times new roman" size="1">(Level 1)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Observable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 2)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Unobservable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 3)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair&#160;Value&#160;at</b></font><br /><font style="font-family:times new roman" size="1"><b>April&#160; 30,&#160;2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents </font><font style="font-family:times new roman" size="1"><sup> (A)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,999</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>13,999</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity securities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. </font><font style="font-family:times new roman" size="1"><sup>(B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">79,582</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,872</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>96,454</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International </font><font style="font-family:times new roman" size="1"><sup> (C)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,361</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,029</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>78,390</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fixed-income securities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Bonds </font><font style="font-family:times new roman" size="1"><sup> (D)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">82,109</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>82,109</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fixed income </font><font style="font-family:times new roman" size="1"><sup> (E)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">76,866</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>76,866</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other types of investments:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Hedge funds </font><font style="font-family:times new roman" size="1"><sup> (F)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">22,351</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>22,351</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Private equity funds </font><font style="font-family:times new roman" size="1"><sup> (F)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,298</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>16,298</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total financial assets measured at fair value</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">317,917</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,901</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">38,649</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>386,467</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p>&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="57%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Quoted&#160;Prices&#160;in<br />Active&#160;Markets&#160;for<br />Identical Assets<br />(Level 1)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant<br />Observable<br />Inputs<br />(Level 2)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant<br />Unobservable<br />Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 3)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Fair&#160;Value&#160;at<br />April&#160;30,&#160;2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents </font><font style="font-family:times new roman" size="1"><sup> (A)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,006</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,006</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity securities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. </font><font style="font-family:times new roman" size="1"><sup>(B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">82,457</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,930</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,777</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">106,164</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International </font><font style="font-family:times new roman" size="1"><sup> (C)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">40,189</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,808</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,997</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fixed-income securities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Bonds </font><font style="font-family:times new roman" size="1"><sup> (D)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,126</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">17,610</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">82,736</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fixed income </font><font style="font-family:times new roman" size="1"><sup> (E)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,515</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">34,544</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">80,059</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other types of investments:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Hedge funds </font><font style="font-family:times new roman" size="1"><sup> (F)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">37,451</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">37,451</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Private equity funds </font><font style="font-family:times new roman" size="1"><sup> (F)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,187</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,187</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total financial assets measured at fair value</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">239,293</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">112,892</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">55,415</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">407,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(A)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">This category includes money market holdings with maturities of three months or less and are classified as Level 1. Based on the short-term nature of these assets, carrying value approximates fair value. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(B)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">This category is invested primarily in a portfolio of common stocks included in the Russell 1000 Index and traded on active exchanges. The Level 1 assets are valued using quoted market prices for identical securities in active markets. The Level 2 assets are funds that consist of equity securities traded on active exchanges. The Level 3 assets are valued at approximate fair value. No assets were classified as Level 3 as of April&#160;30, 2012. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(C)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">This category is invested primarily in common stocks and other equity securities traded on active exchanges whose issuers are located outside of the U.S. The fund invests primarily in developed countries, but may also invest in emerging markets. The Level 1 assets are valued using quoted market prices for identical securities in active markets. The Level 2 assets are funds that consist of equity securities traded on active exchanges. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(D)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">This category seeks to duplicate the return characteristics of high-quality corporate bonds with a duration range of 10 to 13 years. The Level 1 assets are valued using quoted market prices for identical securities in active markets. The Level 2 assets are funds that consist of bonds traded on active exchanges. No assets were classified as Level 2 as of April&#160;30, 2012. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(E)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">This category is comprised of a core fixed-income fund that invests at least 80 percent of its assets in investment-grade U.S. corporate and government fixed-income securities, including mortgage-backed securities. The Level 1 assets are valued using quoted market prices for identical securities in active markets. The Level 2 assets are funds that consist of fixed-income securities traded on active exchanges. No assets were classified as Level 2 as of April&#160;30, 2012. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(F)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The hedge funds category is comprised of hedge funds of funds which invest in equity hedge, directional, relative value, and event-driven funds. The hedge funds have quarterly liquidity with 65 days&#8217; notice. The private equity funds category is comprised of one fund that consists primarily of limited partnership interests in corporate finance and venture capital funds. The private equity fund cannot be redeemed and return of principal is based on the liquidation of the underlying assets. Both the hedge funds and the private equity fund are classified as Level 3 assets and are valued based on each fund&#8217;s net asset value (&#8220;NAV&#8221;). NAV is calculated based on the estimated fair value of the underlying investment funds within the portfolio and is corroborated by management&#8217;s review. </font></td> </tr> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> The following table presents a rollforward of activity for Level 3 assets between May&#160;1, 2011 and April&#160;30, 2012. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="65%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">U.S.&#160;Equity<br />Securities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Hedge<br />Funds</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Private<br />Equity&#160;Funds</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Total</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,777</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">37,451</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,187</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">55,415</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchases and sales &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,999</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,616</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,095</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,522</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actual return on plan assets sold during the period</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(7,776</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(893</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,669</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actual return on plan assets still held at reporting date</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(591</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,016</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,425</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Balance at April&#160;30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>22,351</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>16,298</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>38,649</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company&#8217;s current investment policy is to invest approximately 45 percent of assets in equity securities, 41 percent in fixed-income securities, and 14 percent in cash and other investments. Included in equity securities were 317,552 of the Company&#8217;s common shares at April&#160;30, 2012 and 2011. The market value of these shares was $25,287 at April&#160;30, 2012. The Company paid dividends of $597 on these shares during 2012. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company expects to contribute approximately $32 million, including $20 million of anticipated lump-sum cash settlements, to the defined benefit pension plans in 2013. The Company expects the following payments to be made from the defined benefit pension and other postretirement benefit plans: $47 million in 2013, $34 million in 2014, $33 million in 2015, $40 million in 2016, $34 million in 2017, and $185 million in 2018 through 2022. </font></p> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 9 - us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;9</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>SHARE-BASED PAYMENTS </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company provides for equity-based incentives to be awarded to key employees and non-employee directors. Currently, these incentives consist of restricted shares, restricted stock units, deferred shares, deferred stock units, performance units, and stock options. These awards are administered primarily through the 2010 Equity and Incentive Compensation Plan approved by the Company&#8217;s shareholders in August 2010. Awards under this plan may be in the form of stock options, stock appreciation rights, restricted shares, restricted stock units (which may also be referred to as deferred stock units), performance shares, performance units, incentive awards, and other share-based awards. Awards under this plan may be granted to the Company&#8217;s and its subsidiaries&#8217; non-employee directors, consultants, officers, and other employees. Deferred stock units granted to non-employee directors vest immediately. At April&#160;30, 2012, there were 7,311,613 shares available for future issuance under this plan. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> Under the 2010 Equity and Incentive Compensation Plan, the Company has the option to settle share-based awards by issuing common shares from treasury, issuing new Company common shares, or issuing a combination of common shares from treasury and new Company common shares. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Stock Options:</b> The following table is a summary of the Company&#8217;s stock option activity and related information. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%">&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Options</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-Average<br />Exercise Price</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at May 1, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">196,925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41.18</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Exercised</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(72,084</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">39.46</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Outstanding and exercisable at April 30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>124,841</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>42.18</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">At April&#160;30, 2012, the weighted-average remaining contractual term for stock options outstanding and exercisable was 1.8 years and the aggregate intrinsic value of these stock options was approximately $4,675. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The total intrinsic value of options exercised during 2012, 2011, and 2010 was approximately $2,644, $13,355, and $5,876, respectively. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Other Equity Awards: </b>The following table is a summary of the Company&#8217;s restricted shares, deferred shares, deferred stock units, and performance units. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="46%">&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Restricted/Deferred</font><br /><font style="font-family:times new roman" size="1">Shares and</font><br /><font style="font-family:times new roman" size="1"> Deferred&#160;Stock&#160;Units</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-Average</font><br /><font style="font-family:times new roman" size="1">Grant Date</font><br /><font style="font-family:times new roman" size="1"> Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Performance</font><br /><font style="font-family:times new roman" size="1">Units</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-Average</font><br /><font style="font-family:times new roman" size="1">Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at May 1, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,157,266</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">49.39</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">125,360</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77.53</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Granted</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">152,180</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">78.32</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">99,455</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">76.37</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Converted</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">125,360</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77.53</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(125,360</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77.53</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Vested</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(430,831</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52.60</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Forfeited</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,985</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52.91</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Outstanding at April 30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>990,990</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>55.95</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>99,455</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>76.37</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The total fair value of equity awards other than stock options vesting in 2012, 2011, and 2010 was approximately $22,663, $17,680, and $16,273, respectively. The weighted-average grant date fair value of restricted shares, deferred shares, deferred stock units, and performance units is the average of the high and the low share price on the date of grant. The following table summarizes the weighted-average grant date fair values of the equity awards granted in 2012, 2011, and 2010. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="58%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:68pt"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Restricted/</font><br /><font style="font-family:times new roman" size="1">Deferred</font><br /><font style="font-family:times new roman" size="1"> Shares&#160;and</font><br /><font style="font-family:times new roman" size="1">Deferred</font><br /><font style="font-family:times new roman" size="1">Stock&#160;Units</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-</font><br /><font style="font-family:times new roman" size="1">Average</font><br /><font style="font-family:times new roman" size="1"> Grant&#160;Date</font><br /><font style="font-family:times new roman" size="1">Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Performance</font><br /><font style="font-family:times new roman" size="1">Units</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-</font><br /><font style="font-family:times new roman" size="1">Average</font><br /><font style="font-family:times new roman" size="1"> Grant&#160;Date</font><br /><font style="font-family:times new roman" size="1">Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>152,180</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>78.32</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>99,455</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>76.37</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">303,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">58.32</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">125,360</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77.53</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2010</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">504,580</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44.63</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">190,010</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57.37</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The performance units column represents the number of restricted shares received by certain executive officers, subsequent to year end, upon conversion of the performance units earned during the year. Restricted stock generally vests four years from the date of grant or upon the attainment of a defined age and years of service. </font></p> <p style="font-size:18px;margin-top:0px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 10 - us-gaap:DebtDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;10</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>DEBT AND FINANCING ARRANGEMENTS </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Long-term debt consists of the following: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="74%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">4.78% Senior Notes due June&#160;1, 2014</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>100,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">100,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">6.12% Senior Notes due November&#160;1, 2015</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>24,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">6.63% Senior Notes due November&#160;1, 2018</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>397,906</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">380,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">3.50% Notes due October&#160;15, 2021</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>748,637</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">5.55% Senior Notes due April&#160;1, 2022</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>400,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">400,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">4.50% Senior Notes due June&#160;1, 2025</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>400,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">400,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,070,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current portion of long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>50,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total long-term debt, less current portion</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,020,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On October&#160;18, 2011, the Company completed a public issuance of $750.0 million in aggregate principal amount of 3.50 percent Notes due October&#160;15, 2021. Interest is payable semiannually beginning April&#160;15, 2012. The Company received proceeds of $748.6 million, net of an offering discount of $1.4 million. The discount is being amortized to interest expense over the life of the 3.50 percent Notes, resulting in an effective rate of 3.52 percent. The 3.50 percent Notes may be redeemed at any time prior to maturity, at the option of the Company. The 3.50 percent Notes are senior unsecured obligations and rank equally with the Company&#8217;s other unsecured and unsubordinated debt and are guaranteed fully and unconditionally, on a joint and several basis, by J. M. Smucker LLC and The Folgers Coffee Company, two of the Company&#8217;s 100 percent wholly-owned subsidiaries. A portion of the proceeds was used to fund the Sara Lee foodservice business acquisition and for the repayment of borrowings outstanding under the Company&#8217;s revolving credit facility, resulting from funding the Rowland Coffee acquisition. The remainder was used for general corporate purposes, including share repurchases. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In anticipation of the 3.50 percent Notes public issuance, the Company entered into a forward-starting interest rate swap in August 2011 to partially hedge the risk of an increase in the benchmark interest rate during the period leading up to the public issuance. The interest rate swap was designated as a cash flow hedge with a notional amount of $500.0 million. On October&#160;13, 2011, in conjunction with the pricing of the 3.50 percent Notes, the Company terminated the interest rate swap prior to maturity. The termination resulted in a loss of $6.2 million, which will be amortized over the life of the related debt offering. For additional information, see Note 12: Derivative Financial Instruments. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In 2011, the Company entered into an interest rate swap on the 6.63 percent Senior Notes due November&#160;1, 2018, converting the Senior Notes from a fixed to a variable-rate basis until maturity. The interest rate swap was designated as a fair value hedge of the underlying debt obligation with a notional amount of $376.0 million. In August 2011, the Company terminated the interest rate swap prior to maturity. As a result of the early termination, the Company received $27.0 million in cash, which included $3.1 million of interest receivable, and realized a gain of $23.9 million, which was deferred and will be recognized as a reduction of future interest expense through November&#160;1, 2018. The unamortized benefit at April&#160;30, 2012, was $21.9 million and the fair value adjustment of the interest rate swap at April&#160;30, 2011, was $4.0 million, and both were recorded as an increase in the long-term debt balance. For additional information, see Note 12: Derivative Financial Instruments. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">All of the Company&#8217;s Senior Notes are unsecured and interest is paid semiannually. Scheduled payments are required on the 5.55 percent Senior Notes, the first of which is $50.0 million on April&#160;1, 2013, and on the 4.50 percent Senior Notes, the first of which is $100.0 million on June&#160;1, 2020. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> Interest paid totaled approximately $86.6 million, $62.1 million, and $76.5 million in 2012, 2011, and 2010, respectively. This differs from interest expense due to the timing of payments, amortization of fair value adjustments, amortization of debt issuance costs, and interest capitalized. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On July&#160;29, 2011, the Company entered into a second amended and restated credit agreement with a group of 10 banks, which provides for an unsecured revolving credit line of $1.0 billion and matures July&#160;29, 2016. The Company&#8217;s borrowings under the credit facility bear interest based on the prevailing U.S. Prime Rate, Canadian Base Rate, London Interbank Offered Rate (&#8220;LIBOR&#8221;), or Canadian Dealer Offered Rate, as determined by the Company. Interest is payable either on a quarterly basis or at the end of the borrowing term. At April&#160;30, 2012, the Company did not have a balance outstanding under the revolving credit facility. The Company had standby letters of credit of approximately $7.8 million outstanding at April&#160;30, 2012. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company&#8217;s debt instruments contain certain financial covenant restrictions including consolidated net worth, a leverage ratio, and an interest coverage ratio. The Company is in compliance with all covenants. </font></p> <p style="font-size:18px;margin-top:0px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 11 - sjm:LossContingencyDisclosuresTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;11</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>CONTINGENCIES </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company, like other food manufacturers, is from time to time subject to various administrative, regulatory, and other legal proceedings arising in the ordinary course of business. The Company is currently a defendant in a variety of such legal proceedings. The Company cannot predict with certainty the ultimate results of these proceedings or reasonably determine a range of potential loss. The Company&#8217;s policy is to accrue costs for contingent liabilities when such liabilities are probable and amounts can be reasonably estimated. Based on the information known to date, the Company does not believe the final outcome of these proceedings will have a material adverse effect on the Company&#8217;s financial position, results of operations, or cash flows. </font></p> <p style="font-size:18px;margin-top:0px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 12 - us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;12</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>DERIVATIVE FINANCIAL INSTRUMENTS </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company is exposed to market risks, such as changes in commodity prices, foreign currency exchange rates, and interest rates. To manage the volatility related to these exposures, the Company enters into various derivative transactions. By policy, the Company historically has not entered into derivative financial instruments for trading purposes or for speculation. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Commodity Price Management: </b>The Company enters into commodity futures and options contracts to manage the price volatility and reduce the variability of future cash flows related to anticipated inventory purchases of key raw materials, notably green coffee, edible oils, and flour. The Company also enters into commodity futures and options contracts to manage price risk for energy input costs, including natural gas and diesel fuel. The derivative instruments generally have maturities of less than one year. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Certain of the derivative instruments associated with the Company&#8217;s U.S. Retail Coffee and U.S. Retail Consumer Foods segments meet the hedge criteria and are accounted for as cash flow hedges. The mark-to-market gains or losses on qualifying hedges are deferred and included as a component of accumulated other comprehensive (loss) income to the extent effective, and reclassified to cost of products sold in the period during which the hedged transaction affects earnings. Cash flows related to qualifying hedges are classified consistently with the cash flows from the hedged item in the Statements of Consolidated Cash Flows. In order to qualify as a hedge of commodity price risk, it must be demonstrated that the changes in the fair value of the commodity&#8217;s futures contracts are highly effective in hedging price risks associated with the commodity purchased. Hedge effectiveness is measured and assessed at inception and on a monthly basis. The mark-to-market gains or losses on nonqualifying and ineffective portions of commodity hedges are recognized in cost of products sold immediately. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Foreign Currency Exchange Rate Hedging: </b>The Company utilizes foreign currency forwards and options contracts to manage the effect of foreign currency exchange fluctuations on future cash payments primarily related to purchases of certain raw materials, finished goods, and fixed assets in Canada. The contracts generally have maturities of less than one year. At the inception of the contract, the derivative is evaluated and documented for hedge accounting treatment. Instruments currently used to manage foreign currency exchange exposures do not meet the requirements for hedge accounting treatment and the change in value of these instruments is immediately recognized in cost of products sold. If the contract qualifies for hedge accounting treatment, to the extent the hedge is deemed effective, the associated mark-to-market gains and losses are deferred and included as a component of accumulated other comprehensive (loss) income. These gains or losses are reclassified to earnings in the period the contract is executed. The ineffective portion of these contracts is immediately recognized in earnings. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Interest Rate Hedging:</b> The Company utilizes interest rate swaps to mitigate the exposure to interest rate risk. At the inception of the contract, the instrument is evaluated and documented for hedge accounting treatment. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In August 2011, the Company entered into a forward-starting interest rate swap agreement to partially hedge the risk of an increase in the benchmark interest rate during the period leading up to the $750.0 million 3.50 percent Notes public offering. The interest rate swap was designated as a cash flow hedge. The mark-to-market gains or losses on the swap were deferred and included as a component of accumulated other comprehensive (loss) income to the extent effective, and reclassified to interest expense in the period during which the hedged transaction affected earnings. In October 2011, in conjunction with the pricing of the 3.50 percent Notes, the Company terminated the interest rate swap prior to maturity, resulting in a loss of $6.2 million. The resulting loss will be recognized in interest expense ratably over the life of the related debt. The ineffective portion of the hedge was reclassified to interest expense upon termination of the swap. For additional information, see Note 10: Debt and Financing Arrangements. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company&#8217;s interest rate swap on the 6.63 percent Senior Notes due November&#160;1, 2018, met the criteria to be designated as a fair value hedge. The Company received a fixed rate and paid variable rates, hedging the underlying debt and the associated changes in the fair value of the debt. The interest rate swap was recognized at fair value in the Consolidated Balance Sheet at April&#160;30, 2011, and changes in the fair value were recognized in interest expense. Gains and losses recognized in interest expense on the instrument had no net impact to earnings, as the change in the fair value of the derivative was equal to the change in fair value of the underlying debt. In August 2011, the Company terminated the interest rate swap on the 6.63 percent Senior Notes prior to maturity, resulting in a gain of $23.9 million which was deferred and will be recognized over the remaining life of the underlying debt as a reduction of future interest expense. In 2012, the Company recognized $2.0 million of the gain with the remaining to be recognized as follows: $2.9 million in 2013, $3.0 million in 2014, $3.2 million in 2015, $3.4 million in 2016, and the remaining $9.4 million in 2017 through 2019. For additional information, see Note 10: Debt and Financing Arrangements. </font></p> <p style="font-size:1px;margin-top:6px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table sets forth the fair value of derivative instruments recognized in the Consolidated Balance Sheets. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="67%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April&#160;30, 2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Other</b></font><br /><font style="font-family:times new roman" size="1"><b>Current</b></font><br /><font style="font-family:times new roman" size="1"> <b>Assets</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Other</b></font><br /><font style="font-family:times new roman" size="1"><b>Current</b></font><br /><font style="font-family:times new roman" size="1"> <b>Liabilities</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other<br />Current<br />Assets</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other<br />Current<br />Liabilities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other<br />Noncurrent<br />Liabilities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivatives designated as hedging instruments:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,569</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>19,510</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,408</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest rate contract</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,423</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,384</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total derivatives designated as hedging instruments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,569</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>19,510</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,831</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,384</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivatives not designated as hedging instruments:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,166</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,631</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,887</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,432</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency exchange contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>436</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>982</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">317</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,204</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total derivatives not designated as hedging instruments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,602</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,613</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,204</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,636</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total derivative instruments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>10,171</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>24,123</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,035</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,636</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,384</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company has elected to not offset fair value amounts recognized for commodity derivative instruments and its cash margin accounts executed with the same counterparty. The Company maintained cash margin accounts of $32,529 and $12,292 at April&#160;30, 2012 and 2011, respectively, that are included in other current assets in the Consolidated Balance Sheets. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table presents information on pre-tax commodity contract net gains and losses recognized on derivatives designated as cash flow hedges. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="78%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">(Losses) gains recognized in other comprehensive (loss) income (effective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(31,830</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,082</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gains reclassified from accumulated other comprehensive (loss) income to cost of products sold (effective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,887</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,780</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Change in accumulated other comprehensive (loss) income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(33,717</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,302</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">(Losses) gains recognized in cost of products sold (ineffective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(853</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">611</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Included as a component of accumulated other comprehensive (loss) income at April&#160;30, 2012 and 2011, were deferred pre-tax net losses of $24,287 and deferred pre-tax net gains of $9,430, respectively, related to commodity contracts. The related tax impact recognized in accumulated other comprehensive (loss) income was a benefit of $8,820 and expense of $3,430 at April&#160;30, 2012 and 2011, respectively. The entire amount of the deferred net loss included in accumulated other comprehensive (loss) income at April&#160;30, 2012, is expected to be recognized in earnings within one year as the related commodity is sold. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table presents information on the pre-tax losses recognized on the interest rate swap designated as a cash flow hedge. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="82%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>Year&#160;Ended&#160;April&#160;30,<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>2011<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Losses recognized in other comprehensive (loss) income (effective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(6,192</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td nowrap="nowrap" valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Losses reclassified from accumulated other comprehensive (loss) income to interest expense (effective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(278</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td nowrap="nowrap" valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Change in accumulated other comprehensive (loss) income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(5,914</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td nowrap="nowrap" valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Losses recognized in interest expense (ineffective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(19</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td nowrap="nowrap" valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Included as a component of accumulated other comprehensive (loss) income at April&#160;30, 2012, were deferred pre-tax losses of $5,914 related to the termination of the interest rate contract, of which approximately $500 will be recognized over the next 12 months. The related tax benefit recognized in accumulated other comprehensive (loss) income was $2,133 at April&#160;30, 2012. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table presents the net realized and unrealized gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="79%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gains (losses) on commodity contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>16,306</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,994</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gains (losses) on foreign currency exchange contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>951</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,290</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gains (losses) recognized in cost of products sold (derivatives not designated as hedging instruments)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>17,257</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(7,284</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table presents the gross contract notional value of outstanding derivative contracts. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="78%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>April&#160;30,<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>2011<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>983,381</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">869,107</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency exchange contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>94,424</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">73,158</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest rate contract</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">376,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <p style="font-size:18px;margin-top:0px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 13 - us-gaap:FairValueDisclosuresTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;13</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>OTHER FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Financial instruments, other than derivatives, that potentially subject the Company to significant concentrations of credit risk consist principally of cash investments and trade receivables. With respect to trade receivables, the Company believes there is no concentration of risk with any single customer whose failure or nonperformance would materially affect the Company&#8217;s results other than as discussed in Major Customer of Note 1: Accounting Policies. The Company does not require collateral from its customers. The Company&#8217;s financial instruments, other than its long-term debt, are recognized at estimated fair value in the Consolidated Balance Sheets. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table provides information on the carrying amount and fair value of the Company&#8217;s financial assets (liabilities). </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="54%">&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April&#160;30, 2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Carrying<br />Amount</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair&#160;Value</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Carrying<br />Amount</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>43,217</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>43,217</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,560</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,560</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivative financial instruments &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(13,952</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(13,952</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,015</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,015</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,070,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,443,514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,648,614</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect the Company&#8217;s market assumptions. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following tables summarize the fair values and the levels within the fair value hierarchy in which the fair value measurements fall for the Company&#8217;s financial assets (liabilities). </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="54%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Quoted&#160;Prices&#160;in</font><br /><font style="font-family:times new roman" size="1">Active Markets</font><br /><font style="font-family:times new roman" size="1">for Identical</font><br /><font style="font-family:times new roman" size="1">Assets (Level 1)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Observable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 2)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Unobservable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 3)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair Value at</b></font><br /><font style="font-family:times new roman" size="1"><b>April&#160;30,&#160;2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments: </font><font style="font-family:times new roman" size="1"><sup> (B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity mutual funds</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,649</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>14,649</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Municipal obligations</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,392</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>20,392</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,132</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,044</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,176</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivatives: </font><font style="font-family:times new roman" size="1"><sup> (C)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,788</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(618</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(13,406</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency exchange contracts &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(545</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(546</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt </font><font style="font-family:times new roman" size="1"><sup> (D)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(777,023</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,666,491</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,443,514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total financial instruments measured at fair value</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(774,031</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,640,218</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,414,249</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="56%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Quoted&#160;Prices&#160;in</font><br /><font style="font-family:times new roman" size="1">Active Markets</font><br /><font style="font-family:times new roman" size="1">for Identical</font><br /><font style="font-family:times new roman" size="1">Assets (Level 1)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Observable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 2)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Unobservable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 3)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Fair Value at</font><br /><font style="font-family:times new roman" size="1">April&#160;30,&#160;2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Marketable securities </font><font style="font-family:times new roman" size="1"><sup> (A)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments: </font><font style="font-family:times new roman" size="1"><sup> (B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity mutual funds</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Municipal obligations</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,042</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,042</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">464</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,043</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,507</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivatives: </font><font style="font-family:times new roman" size="1"><sup> (C)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency exchange contracts &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,887</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,887</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest rate contract &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt </font><font style="font-family:times new roman" size="1"><sup> (D)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,648,614</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,648,614</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total financial instruments measured at fair value</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,451</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,598,890</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,579,439</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(A)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The Company&#8217;s marketable securities consisted entirely of commercial paper at April&#160;30, 2011, and were broker-priced and valued by a third party using valuation techniques which utilize inputs that are derived principally from or corroborated by observable market data. All securities had matured or were sold at values that were consistent with the previously estimated fair values prior to April&#160;30, 2012. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(B)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The Company&#8217;s other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets and municipal obligations valued by a third party using valuation techniques which utilize inputs that are derived principally from or corroborated by observable market data. As of April&#160;30, 2012, the Company&#8217;s municipal obligations are scheduled to mature as follows: $3,536 in 2013, $732 in 2014, $2,739 in 2015, $927 in 2016, and the remaining $12,458 in 2017 and beyond. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(C)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The Company&#8217;s Level 1 derivatives are valued using quoted market prices for identical instruments in active markets. The Level 2 derivatives are valued using quoted prices for similar assets or liabilities in active markets and inputs other than quoted prices that are observable for the asset or liability. The Company&#8217;s interest rate swap was valued using the income approach, observable Level 2 market expectations at the measurement date, and standard valuation techniques to convert future amounts to a single discounted present value. The specific inputs used to value the swap included futures contracts valued based on LIBOR, LIBOR cash and swap rates, and credit risk at commonly quoted intervals. For additional information, see Note 12: Derivative Financial Instruments. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(D)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The Company&#8217;s long-term debt is comprised of public Notes classified as Level 1 and private Senior Notes classified as Level 2. The public Notes are traded in an active secondary market and valued using quoted prices. The value of the private Senior Notes is based on the net present value of each interest and principal payment calculated, utilizing an interest rate derived from a fair market yield curve. For additional information, see Note 10: Debt and Financing Arrangements. </font></td> </tr> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 14 - us-gaap:IncomeTaxDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;14</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>INCOME TAXES </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting. Significant components of the Company&#8217;s deferred tax assets and liabilities are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="74%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred tax liabilities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,018,262</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,025,301</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>106,218</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">111,537</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,107</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,016</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total deferred tax liability</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,132,587</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,146,854</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred tax assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Post-employment and other employee benefits</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>107,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">84,723</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Tax credit and loss carryforwards</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,494</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,583</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,370</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,279</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>40,719</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">27,668</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total deferred tax assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>157,126</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">120,253</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Valuation allowance for deferred tax assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(3,072</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,324</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total deferred tax assets, less allowance</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>154,054</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">116,929</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net deferred tax liability</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>978,533</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,029,925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table summarizes domestic and foreign loss and credit carryforwards at April&#160;30, 2012. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="61%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Related&#160;Tax<br />Deduction</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Deferred<br />Tax&#160;Asset</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Valuation<br />Allowance</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Expiration</font><br /><font style="font-family:times new roman" size="1">Date</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Tax carryforwards:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Federal capital loss carryforward</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,917</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">694</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2017</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State loss carryforwards</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">63,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,154</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,935</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2013&#160;to&#160;2031</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State tax credit carryforwards</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,636</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2019</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign jurisdictional tax credit carryforwards</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2015</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total tax carryforwards</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>65,399</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,494</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,935</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company evaluates the realizability of deferred tax assets for each of the jurisdictions in which it operates. Included in the overall valuation allowance is $137 for other deferred tax assets where it is more likely than not that those assets will not be realized. The total valuation allowance decreased by $252, $146, and $5,556 in 2012, 2011, and 2010, respectively, primarily due to the expiration of state loss carryforwards that had full valuation allowances. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Deferred income taxes have not been provided on approximately $200,100 of undistributed earnings of foreign subsidiaries since these amounts are considered to be permanently reinvested. Any additional taxes payable on the earnings of foreign subsidiaries, if remitted, would be partially offset by domestic tax deductions or tax credits for foreign taxes paid. It is not practical to estimate the amount of additional taxes that might be payable on such undistributed earnings. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Income (loss) before income taxes is as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="70%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>706,366</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">729,654</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">712,226</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(5,208</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,490</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,527</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income before income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>701,158</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">717,164</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">730,753</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The components of the provision for income taxes are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="70%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Federal</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>228,255</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">271,361</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">256,444</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,798</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,554</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,584</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State and local</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>23,579</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,568</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,907</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Federal</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(10,273</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(51,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(21,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(6,867</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(7,338</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,386</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State and local</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(78</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,452</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,572</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total income tax expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>241,414</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">237,682</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">236,615</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">A reconciliation of the statutory federal income tax rate and the effective income tax rate is as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="70%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:80pt"><font style="font-family:times new roman" size="1">Percent of Pretax Income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Statutory federal income tax rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>35.0</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35.0</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35.0</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State and local income taxes, net of federal income tax benefit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2.3</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2.2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1.2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic manufacturing deduction</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(3.1</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3.8</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1.9</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other items &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>0.2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(0.3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1.9</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effective income tax rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>34.4</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">33.1</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">32.4</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income taxes paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>257,762</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">365,994</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">212,981</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company files income tax returns in the U.S. and various state, local, and foreign jurisdictions. The Company is no longer subject to examination, with limited exceptions, for tax years prior to 2008 for U.S. federal, state, and local income taxes and tax years prior to 2005 for foreign income taxes. During 2011, the Company reached agreement with the Internal Revenue Service (&#8220;IRS&#8221;) on proposed adjustments resulting from the examination of its federal income tax returns for the tax periods ended April&#160;30, 2008,&#160;June&#160;30, 2009, and April&#160;30, 2010. The agreement did not have a material effect on the Company&#8217;s effective tax rate or financial position. The Company is a voluntary participant in the Compliance Assurance Process (&#8220;CAP&#8221;) offered by the IRS and is currently under a CAP examination for the tax year ended April&#160;30, 2012. Through the contemporaneous exchange of information with the IRS, this program is designed to identify and resolve tax positions with the IRS prior to the filing of a tax return, which allows the Company to remain current with its IRS examinations. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Within the next 12 months, it is reasonably possible that the Company could decrease its unrecognized tax benefits by an estimated $636, primarily as a result of the expiration of statute of limitations periods. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company&#8217;s unrecognized tax benefits as of April&#160;30, 2012 and 2011, were $23,977 and $20,261, respectively. Of the unrecognized tax benefits, $16,410 and $13,939 would affect the effective tax rate, if recognized, as of April&#160;30, 2012 and 2011, respectively. The Company&#8217;s accrual for tax-related net interest and penalties totaled $1,704 and $1,792 as of April&#160;30, 2012 and 2011, respectively. The amount of tax-related net interest and penalties charged to earnings totaled $88 for 2012, and credited to earnings totaled $497 and $594 during 2011 and 2010, respectively. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">A reconciliation of the Company&#8217;s unrecognized tax benefits is as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="80%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>20,261</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">15,322</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Increases:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current year tax positions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,617</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,237</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Prior year tax positions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,103</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,106</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>157</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Decreases:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Prior year tax positions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">271</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement with tax authorities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>287</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">31</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expiration of statute of limitations periods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,874</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,985</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>23,977</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,261</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 15 - sjm:AccumulatedOtherComprehensiveIncomeLossTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;15</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Comprehensive income is included in the Statements of Consolidated Shareholders&#8217; Equity. The components of accumulated other comprehensive (loss) income as shown in the Consolidated Balance Sheets are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="55%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Foreign<br />Currency<br />Translation<br />Adjustment</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Pension</font><br /><font style="font-family:times new roman" size="1">and Other<br />Postretirement<br />Liabilities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Unrealized<br />Gain&#160;(Loss)&#160;on<br />Available-for-<br />Sale Securities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Unrealized&#160;(Loss)<br />Gain on Cash<br />Flow Hedging<br />Derivatives</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Accumulated<br />Other<br />Comprehensive<br />(Loss) Income</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1, 2009</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,062</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(67,693</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,209</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,570</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(57,270</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Reclassification adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,494</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,494</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current period credit (charge)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,926</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(18,004</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,162</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,128</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35,212</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income tax benefit (expense)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,691</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,510</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(210</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,971</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2010</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">56,988</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(80,006</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">443</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,994</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(20,581</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Reclassification adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,128</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,128</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current period credit (charge)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,773</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,004</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,124</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,430</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">26,323</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income tax benefit (expense)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,076</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(765</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,296</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,015</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,761</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(85,934</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,802</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,629</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Reclassification adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,430</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,430</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current period (charge) credit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(14,785</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(73,137</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,167</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(30,201</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(116,956</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income tax benefit (expense)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,808</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(425</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,383</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">38,766</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Balance at April&#160;30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>66,976</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(134,263</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,544</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(19,248</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(83,991</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Income tax benefit (expense) is determined using the applicable deferred tax rate for each component of accumulated other comprehensive (loss) income. </font></p> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 16 - us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;16</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On October&#160;13, 2011, the Company filed a registration statement on Form S-3 registering certain securities described therein, including debt securities which are guaranteed by certain of the Company&#8217;s subsidiaries. The Company issued $750.0 million of 3.50 percent Notes pursuant to the registration statement that are fully and unconditionally guaranteed, on a joint and several basis, by the following 100 percent wholly-owned subsidiaries of the Company: J. M. Smucker LLC and The Folgers Coffee Company (&#8220;subsidiary guarantors&#8221;). The following condensed consolidated financial information for the Company, the subsidiary guarantors, and the non-guarantor subsidiaries is provided. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company&#8217;s 100 percent wholly-owned subsidiary guarantors and non-guarantor subsidiaries. The Company has accounted for investments in subsidiaries using the equity method. </font></p> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> CONDENSED STATEMENTS OF CONSOLIDATED INCOME </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2012</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Consolidated</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,302,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,547,757</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,822,370</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,147,088</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,525,782</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,741,054</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,408,792</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,682,636</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,151,923</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,680,559</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Gross Profit</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">561,689</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">138,965</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,139,734</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,835</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,845,223</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Selling, distribution, and administrative expenses, restructuring, and merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">243,392</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">61,457</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">660,327</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>965,176</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization and impairment charges</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,196</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,454</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>92,650</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other operating (income) expense &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,325</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,251</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,690</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,114</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Operating Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">308,426</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">78,759</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">386,263</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,835</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>778,283</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest (expense) income &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(80,675</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,969</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,086</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(79,792</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other income (expense) &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,404,340</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">443</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,605</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,398,511</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,667</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity in net earnings of subsidiaries</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,095,007</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">184,217</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">79,192</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">831,598</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Income Before Income Taxes</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">537,084</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">266,388</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">459,764</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(562,078</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>701,158</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77,340</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,140</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">162,934</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>241,414</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">459,744</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">265,248</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">296,830</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(562,078</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>459,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">CONDENSED STATEMENTS OF CONSOLIDATED INCOME </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,880,940</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,805,614</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,759,833</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,620,644</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,825,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,196,825</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,546,492</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,884,851</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,600,942</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,027,226</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Gross Profit</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">684,115</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">259,122</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">874,982</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,702</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,798,517</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Selling, distribution, and administrative expenses, restructuring, and merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">216,731</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">79,263</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">626,182</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">922,176</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization and impairment charges</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,188</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">64,675</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,580</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">91,443</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other operating (income) expense &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(665</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,599</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,890</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">626</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Operating Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">462,861</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,783</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">223,330</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,702</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">784,272</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest (expense) income &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(67,687</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,400</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,795</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(67,082</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other (expense) income &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,338</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,735</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(423</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(26</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity in net earnings of subsidiaries</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">203,115</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">83,879</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">67,256</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(354,250</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Income Before Income Taxes</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">596,951</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">206,797</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">287,368</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(373,952</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">717,164</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,469</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,838</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">98,375</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">237,682</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">479,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">184,959</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">188,993</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(373,952</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">479,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2">CONDENSED STATEMENTS OF CONSOLIDATED INCOME </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,675,770</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,899,461</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,723,605</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,693,547</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,605,289</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,259,807</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,383,363</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,858,293</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,682,864</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,818,599</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Gross Profit</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">415,963</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">516,098</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">865,312</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,683</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,786,690</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Selling, distribution, and administrative expenses, restructuring, and merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">193,036</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">107,407</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">613,311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">913,754</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization and impairment charges</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,200</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,681</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,434</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">85,315</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other operating (income) expense &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(22,546</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,083</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,175</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,288</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Operating Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">235,273</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">335,927</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">230,392</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,683</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">790,909</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest (expense) income &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,264</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,429</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(21,559</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(62,394</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other income (expense) &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">151</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">17,609</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(15,522</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,238</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity in net earnings of subsidiaries</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">393,208</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">61,459</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35,223</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489,890</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Income Before Income Taxes</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">575,368</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">427,424</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">228,534</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(500,573</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">730,753</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,230</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77,280</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">78,105</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">236,615</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">494,138</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">350,144</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">150,429</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(500,573</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">494,138</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">CONDENSED CONSOLIDATED BALANCE SHEETS </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom">&#160;<font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2012</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Consolidated</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>ASSETS</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Current Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">108,281</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">121,427</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>229,708</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Inventories</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">161,411</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">815,030</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(14,865</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>961,576</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other current assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">334,220</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,499</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">114,462</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>452,181</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Current Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">442,501</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">164,910</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,050,919</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(14,865</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,643,465</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Property, Plant, and Equipment</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">220,354</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">389,163</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">486,572</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,096,089</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investments in Subsidiaries and Intercompany</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,684,496</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,241,145</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">702,550</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,628,191</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Other Noncurrent Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">981,606</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,073,012</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,054,618</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other intangible assets &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">435,713</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,751,294</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,187,007</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">59,992</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,137</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">62,918</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>134,047</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Other Noncurrent Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,477,311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,137</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,887,224</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,375,672</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,824,662</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,806,355</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,127,265</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,643,056</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,115,226</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>LIABILITIES AND SHAREHOLDERS&#8217; EQUITY</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Current Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">323,608</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">101,714</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">191,650</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>616,972</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Noncurrent Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,020,543</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,020,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">104,822</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">887,559</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>992,692</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">212,303</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,031</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">89,299</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>321,633</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Noncurrent Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,337,668</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,342</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">976,858</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,334,868</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Shareholders&#8217; Equity</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,163,386</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,684,299</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,958,757</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,643,056</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,163,386</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,824,662</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,806,355</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,127,265</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,643,056</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,115,226</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">CONDENSED CONSOLIDATED BALANCE SHEETS </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom">&#160;<font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>ASSETS</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Current Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">206,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">113,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">319,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Inventories</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">182,531</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">700,750</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,702</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">863,579</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other current assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">364,377</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,190</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,008</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">453,575</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Current Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">571,222</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">190,721</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">894,758</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,702</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,636,999</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Property, Plant, and Equipment</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">193,321</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">305,519</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">369,042</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">867,882</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investments in Subsidiaries and Intercompany</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,872,622</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">802,936</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,209,603</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,885,161</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Other Noncurrent Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">981,606</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,831,140</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,812,746</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other intangible assets &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">440,174</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,116</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,496,720</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,940,010</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">50,012</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">15,106</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,830</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">66,948</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Other Noncurrent Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,471,792</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,222</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,329,690</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,819,704</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,108,957</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,317,398</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,803,093</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,904,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,324,585</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>LIABILITIES AND SHAREHOLDERS&#8217; EQUITY</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Current Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">234,262</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,239</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">167,175</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">482,676</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Noncurrent Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">115,985</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">926,838</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,042,823</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">162,308</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,447</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">23,929</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">202,684</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Noncurrent Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,582,332</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,447</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">950,767</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,549,546</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Shareholders&#8217; Equity</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,292,363</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,219,712</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,685,151</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,904,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,292,363</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,108,957</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,317,398</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,803,093</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,904,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,324,585</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="51%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2012</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Consolidated</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Provided by (Used for) Operating Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,622,917</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">165,048</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,057,036</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>730,929</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Businesses acquired, net of cash acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(737,255</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(737,255</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Additions to property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(52,994</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(133,605</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(87,645</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(274,244</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity investment in affiliate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(35,874</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(35,874</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from divestitures</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,268</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,268</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales and maturities of marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>18,600</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from disposal of property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">168</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">396</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,475</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,039</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,495</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(16,903</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(20,398</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Used for Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(34,226</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(136,704</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(864,934</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(1,035,864</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">748,560</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>748,560</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Quarterly dividends paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(213,667</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(213,667</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchase of treasury shares</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(315,780</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(315,780</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from stock option exercises</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,826</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,826</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intercompany</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,906,881</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(28,344</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,935,225</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,313</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,313</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash (Used for) Provided by Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,687,255</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(28,344</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,935,225</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>219,626</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect of exchange rate changes on cash</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,828</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,828</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net (decrease) increase in cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(98,564</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,427</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(90,137</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">206,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">113,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>319,845</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Cash and Cash Equivalents at End of Year</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">108,281</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">121,427</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>229,708</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(&#160;&#160;)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Denotes use of cash </font></td> </tr> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="55%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Provided by Operating Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">212,428</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">92,965</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">86,169</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">391,562</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Additions to property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(59,072</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,416</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(67,592</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(180,080</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchases of marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(75,637</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(75,637</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales and maturities of marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57,100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57,100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from disposal of property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,081</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">305</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,444</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,830</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(43</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">37</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(120</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(126</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Used for Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(76,571</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,074</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(63,268</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(192,913</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Repayments of long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">400,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">400,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Quarterly dividends paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(194,024</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(194,024</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchase of treasury shares</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(389,135</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(389,135</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from stock option exercises</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,525</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,525</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intercompany</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,152</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(39,891</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">15,739</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,740</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">475</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,215</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash (Used for) Provided by Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(146,742</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(39,891</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,214</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(170,419</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect of exchange rate changes on cash</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,045</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,045</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net (decrease) increase in cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,885</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">47,160</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">36,275</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">217,730</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,840</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">283,570</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Cash and Cash Equivalents at End of Year</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">206,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">113,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">319,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(&#160;&#160;)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Denotes use of cash </font></td> </tr> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="55%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Provided by (Used for) Operating Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">499,197</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">218,064</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,783</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">713,478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Additions to property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(41,148</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(62,324</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(33,511</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(136,983</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from divestitures</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,554</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,554</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales and maturities of marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,519</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,519</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from disposal of property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">185</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">205</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(706</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(32</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(738</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Used for Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(62,139</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(33,523</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(104,443</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Repayment of bank note payable</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(350,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(350,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Repayments of long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(275,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(275,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Quarterly dividends paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(166,224</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(166,224</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchase of treasury shares</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,569</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,569</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from stock option exercises</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intercompany</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(258,696</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">194,075</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">64,621</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,393</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(561</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,832</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash (Used for) Provided by Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(696,683</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(155,925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">64,060</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(788,548</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect of exchange rate changes on cash</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,390</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,390</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net (decrease) increase in cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(206,267</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">33,144</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(173,123</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">423,997</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">32,696</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">456,693</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Cash and Cash Equivalents at End of Year</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">217,730</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,840</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">283,570</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(&#160;&#160;)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Denotes use of cash </font></td> </tr> </table> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 17 - sjm:ScheduleOfCommonSharesTextBlock--> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="9%" valign="top" align="left"><font style="font-family:times new roman" size="2"><b>NOTE&#160;&#160;17</b></font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2"><b>COMMON SHARES </b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Voting: </b>The Company&#8217;s Amended Articles of Incorporation (&#8220;Articles&#8221;) provide that each holder of an outstanding common share is entitled to one vote on each matter submitted to a vote of the shareholders except for the following specific matters: </font></p> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">any matter that relates to or would result in the dissolution or liquidation of the Company; </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">the adoption of any amendment of the Articles or the Regulations of the Company, or the adoption of amended Articles, other than the adoption of any amendment or amended Articles that increases the number of votes to which holders of common shares are entitled or expands the matters to which time-phase voting applies; </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">any proposal or other action to be taken by the shareholders of the Company, relating to the Company&#8217;s Rights Agreement, dated as of May&#160;20, 2009, between the Company and Computershare Trust Company, N.A. or any successor plan; </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">any matter relating to any stock option plan, stock purchase plan, executive compensation plan, executive benefit plan, or other similar plan, arrangement, or agreement; </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">adoption of any agreement or plan of or for the merger, consolidation, or majority share acquisition of the Company or any of its subsidiaries with or into any other person, whether domestic or foreign, corporate or noncorporate, or the authorization of the lease, sale, exchange, transfer, or other disposition of all, or substantially all, of the Company&#8217;s assets; </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">any matter submitted to the Company&#8217;s shareholders pursuant to Article Fifth (which relates to procedures applicable to certain business combinations) or Article Seventh (which relates to procedures applicable to certain proposed acquisitions of specified percentages of the Company&#8217;s outstanding common shares) of the Articles, as they may be further amended, or any issuance of common shares of the Company for which shareholder approval is required by applicable stock exchange rules; and </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">any matter relating to the issuance of common shares, or the repurchase of common shares that the Board determines is required or appropriate to be submitted to the Company&#8217;s shareholders under the Ohio Revised Code or applicable stock exchange rules. </font></p> </td> </tr> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On the matters listed above, common shares are entitled to 10 votes per share, if they meet the requirements set forth in the Articles. Common shares which would be entitled to 10 votes per share must meet one of the following criteria: </font></p> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">common shares beneficially owned as of November 6, 2008, and for which there has not been a change in beneficial ownership after November&#160;6, 2008; or </font></p> </td> </tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="1%"><font size="1">&#160;</font></td> <td width="2%" valign="top" align="left"><font style="font-family:times new roman" size="2">&#8226;</font></td> <td width="1%" valign="top"><font size="1">&#160;</font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:times new roman" size="2">common shares received through the Company&#8217;s various equity plans which have not been sold or otherwise transferred since November&#160;6, 2008. </font></p> </td> </tr> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In the event of a change in beneficial ownership, the new owner of that common share will be entitled to only one vote with respect to that share on all matters until four years pass without a further change in beneficial ownership of the share. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Shareholders&#8217; Rights Plan: </b>Pursuant to a Shareholders&#8217; Rights Plan adopted by the Company&#8217;s Board of Directors on May&#160;20, 2009, one share purchase right is associated with each of the Company&#8217;s outstanding common shares. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Under the plan, the rights will initially trade together with the Company&#8217;s common shares and will not be exercisable. In the absence of further action by the directors, the rights generally will become exercisable and allow the holder to acquire the Company&#8217;s common shares at a discounted price if a person or group acquires 10 percent or more of the outstanding common shares. Rights held by persons who exceed the applicable threshold will be void. Shares held by members of the Smucker family are not subject to the threshold. If exercisable, each right entitles the shareholder to buy one common share at a discounted price. Under certain circumstances, the rights will entitle the holder to buy shares in an acquiring entity at a discounted price. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The plan also includes an exchange option. In general, if the rights become exercisable, the directors may, at their option, effect an exchange of part or all of the rights, other than rights that have become void, for common shares. Under this option, the Company would issue one common share for each right, in each case subject to adjustment in certain circumstances. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company&#8217;s directors may, at their option, redeem all rights for $0.001 per right, generally at any time prior to the rights becoming exercisable. The rights will expire June&#160;3, 2019, unless earlier redeemed, exchanged, or amended by the directors. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table1 - us-gaap:ConsolidationPolicyTextBlock--> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Principles of Consolidation: </b>The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and its majority-owned investments, if any. Intercompany transactions and accounts are eliminated in consolidation. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table2 - sjm:UseOfEstimatesPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Use of Estimates: </b>The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make certain estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Significant estimates in these consolidated financial statements include: allowances for doubtful trade receivables, estimates of future cash flows associated with assets, asset impairments, useful lives and residual values for depreciation and amortization, loss contingencies, net realizable value of inventories, accruals for trade marketing and merchandising programs, income taxes, and the determination of discount and other rate assumptions for defined benefit pension and other postretirement benefit expenses. Actual results could differ from these estimates. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table3 - us-gaap:RevenueRecognitionPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Revenue Recognition:</b> The Company recognizes revenue, net of estimated returns and allowances, when all of the following criteria have been met: a valid customer order with a determinable price has been received; the product has been shipped and title has transferred to the customer; there is no further significant obligation to assist in the resale of the product; and collectibility is reasonably assured. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table4 - sjm:MajorCustomerPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Major Customer: </b>Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 26 percent of net sales in both 2012 and 2011, and 27 percent of net sales in 2010. These sales are primarily included in the two U.S. retail market segments. No other customer exceeded 10 percent of net sales for any year. Trade receivables at April&#160;30, 2012 and 2011, included amounts due from Wal-Mart Stores, Inc. and subsidiaries of $84,068 and $87,623, respectively. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table5 - us-gaap:ShippingAndHandlingCostPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Shipping and Handling Costs: </b>Shipping and handling costs are included in cost of products sold. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table6 - sjm:TradeMarketingAndMerchandisingProgramsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Trade Marketing and Merchandising Programs: </b>In order to support the Company&#8217;s products, various promotional activities are conducted through retail trade, distributors, or directly with consumers, including in-store display and product placement programs, feature price discounts, coupons, and other similar activities. The Company regularly reviews and revises, when it deems necessary, estimates of costs to the Company for these promotional programs based on estimates of what will be redeemed by retail trade, distributors, or consumers. These estimates are made using various techniques including historical data on performance of similar promotional programs. Differences between estimated expenditures and actual performance are recognized as a change in management&#8217;s estimate in a subsequent period. As the Company&#8217;s total promotional expenditures, including amounts classified as a reduction of net sales, represented approximately 23 percent of net sales in 2012, a possibility exists of materially different reported results if factors such as the level and success of the promotional programs or other conditions differ from expectations. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table7 - us-gaap:AdvertisingCostsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Advertising Expense: </b>Advertising costs are expensed as incurred. Advertising expense was $119,600, $115,066, and $130,583 in 2012, 2011, and 2010, respectively. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table8 - us-gaap:ResearchAndDevelopmentExpensePolicy--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Research and Development Costs: </b>Total research and development costs were $21,931, $20,981, and $20,963 in 2012, 2011, and 2010, respectively. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table9 - us-gaap:CompensationRelatedCostsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Share-Based Payments: </b>Share-based compensation expense is recognized over the requisite service period, which includes a one-year performance period plus the defined forfeiture period, which is typically four years of service or the attainment of a defined age and years of service. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The following table summarizes amounts related to share-based payments. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="73%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in selling, distribution, and administrative expenses</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>19,292</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,896</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,687</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in other merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,419</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,148</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,262</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in other restructuring costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>105</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">290</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total share-based compensation expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>21,816</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,334</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,949</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Related income tax benefit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7,511</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,064</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,402</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">As of April&#160;30, 2012, total unrecognized share-based compensation cost related to nonvested share-based awards was approximately $29,881. The weighted-average period over which this amount is expected to be recognized is 2.9 years. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Corporate income tax benefits realized upon exercise or vesting of an award in excess of that previously recognized in earnings, referred to as excess tax benefits, are presented in the Statements of Consolidated Cash Flows as a financing activity. Realized excess tax benefits are credited to additional capital in the Consolidated Balance Sheets. Realized shortfall tax benefits, amounts which are less than that previously recognized in earnings, are first offset against the cumulative balance of excess tax benefits, if any, and then charged directly to income tax expense. For 2012, 2011, and 2010, the actual tax deductible benefit realized from share-based compensation was $4,825, $7,310, and $3,005, including $4,832, $6,990, and $2,908, respectively, of excess tax benefits realized upon exercise or vesting of share-based compensation, and classified as other &#8211; net, under financing activities in the Statements of Consolidated Cash Flows. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table10 - us-gaap:PensionAndOtherPostretirementPlansPolicy--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Defined Contribution Plans: </b>The Company offers employee savings plans for domestic and Canadian employees. The Company&#8217;s contributions under these plans are based on a specified percentage of employee contributions. Charges to operations for these plans in 2012, 2011, and 2010 were $16,078, $16,440, and $15,625, respectively. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table11 - us-gaap:IncomeTaxPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Income Taxes: </b>The Company accounts for income taxes using the liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in the applicable tax rate is recognized in income or expense in the period that the change is effective. A valuation allowance is established when it is more likely than not that all or a portion of a deferred tax asset will not be realized. A tax benefit is recognized when it is more likely than not to be sustained. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company accounts for the financial statement recognition and measurement criteria of a tax position taken or expected to be taken in a tax return under Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 740, <i>Income Taxes</i>. FASB ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In accordance with the requirements of FASB ASC 740, uncertain tax positions have been classified in the Consolidated Balance Sheets as long term, except to the extent payment is expected within one year. The Company recognizes net interest and penalties related to unrecognized tax benefits in income tax expense. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table12 - us-gaap:CashAndCashEquivalentsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Cash and Cash Equivalents: </b>The Company considers all short-term, highly-liquid investments with a maturity of three months or less when purchased to be cash equivalents. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table13 - us-gaap:ReceivablesPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Trade Receivables: </b>In the normal course of business, the Company extends credit to customers. Trade receivables, less allowance for doubtful accounts, reflect the net realizable value of receivables and approximate fair value. The Company evaluates its trade receivables and establishes an allowance for doubtful accounts based on a combination of factors. When aware that a specific customer has been impacted by circumstances such as bankruptcy filings or deterioration in the customer&#8217;s operating results or financial position, potentially making it unable to meet its financial obligations, the Company records a specific reserve for bad debt to reduce the related receivable to the amount the Company reasonably believes is collectible. The Company also records reserves for bad debt for all other customers based on a variety of factors, including the length of time the receivables are past due, historical collection experience, and an evaluation of current and projected economic conditions at the balance sheet date. Trade receivables are charged off against the allowance after management determines the potential for recovery is remote. At April&#160;30, 2012 and 2011, the allowance for doubtful accounts was $1,715 and $1,882, respectively. The net provision for the allowance for doubtful accounts decreased $167 and $480 in 2012 and 2010, respectively, and increased $361 in 2011. The Company believes there is no concentration of risk with any single customer whose failure or nonperformance would materially affect the Company&#8217;s results other than as discussed in Major Customer. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table14 - us-gaap:InventoryPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Inventories:</b> Inventories are stated at the lower of cost or market. Cost for all inventories is determined using the first-in, first-out method applied on a consistent basis. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The cost of finished products and work-in-process inventory includes materials, direct labor, and overhead. Work-in-process is included in finished products in the Consolidated Balance Sheets and was $78,344 and $77,594 at April&#160;30, 2012 and 2011, respectively. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table15 - us-gaap:DerivativesPolicyTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Derivative Financial Instruments:</b> The Company utilizes derivative instruments such as basis contracts, commodity futures and options contracts, foreign currency forwards and options, and interest rate swaps to manage exposures in commodity prices, foreign currency exchange rates, and interest rates. The Company accounts for these derivative instruments in accordance with FASB ASC 815, <i>Derivatives and Hedging</i>, which requires all derivative instruments to be recognized in the financial statements and measured at fair value regardless of the purpose or intent for holding them. For derivatives designated as a cash flow hedge that are used to hedge an anticipated transaction, changes in fair value are deferred and recognized in shareholders&#8217; equity as a component of accumulated other comprehensive (loss) income to the extent the hedge is effective and then recognized in the Statements of Consolidated Income in the period during which the hedged transaction affects earnings. Hedge effectiveness is measured at inception and on a monthly basis. Any ineffectiveness associated with the hedge or changes in fair value of derivatives that are nonqualifying are recognized immediately in the Statements of Consolidated Income. Derivatives designated as fair value hedges that are used to hedge against changes in the fair value of the underlying long-term debt are recognized at fair value on the Consolidated Balance Sheets. Changes in the fair value of the derivative are recognized in the Statements of Consolidated Income and are offset by the change in the fair value of the underlying long-term debt. By policy, the Company historically has not entered into derivative financial instruments for trading purposes or for speculation. For additional information, see Note 12: Derivative Financial Instruments. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table16 - us-gaap:PropertyPlantAndEquipmentPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Property, Plant, and Equipment:</b> Property, plant, and equipment is recognized at cost and is depreciated on a straight-line basis over the estimated useful life of the asset (3 to 20 years for machinery and equipment, 3 to 7 years for capitalized software costs, and 5 to 40 years for buildings, fixtures, and improvements). </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In 2012, the Company acquired a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation (&#8220;Sara Lee foodservice business&#8221;), which included $36,168 of coffee brew equipment. Brew equipment is recorded at cost and depreciated on a straight-line basis over an estimated useful life of 3 to 5 years. Brew equipment is included in machinery and equipment in the Consolidated Balance Sheet and was $37,100 at April&#160;30, 2012. For additional information, see Note 2: Acquisitions. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company leases certain land, buildings, and equipment for varying periods of time, with renewal options. Rent expense in 2012, 2011, and 2010 totaled $56,502, $57,572, and $55,010, respectively. As of April&#160;30, 2012, the Company&#8217;s minimum operating lease obligations were as follows: $22,445 in 2013, $20,577 in 2014, $13,889 in 2015, $11,929 in 2016, and $9,561 in 2017. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table17 - us-gaap:ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Impairment of Long-Lived Assets: </b>In accordance with FASB ASC 360, <i>Property, Plant, and Equipment</i>, long-lived assets, except goodwill and indefinite-lived intangible assets, are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to future net cash flows estimated by the Company to be generated by such assets. If such assets are considered to be impaired, the impairment to be recognized is the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets. Assets to be disposed of by sale are recognized as held for sale at the lower of carrying value or estimated net realizable value. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table18 - us-gaap:GoodwillAndIntangibleAssetsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Goodwill and Other Intangible Assets: </b>Goodwill is the excess of the purchase price paid over the estimated fair value of the net assets of the business acquired. In accordance with FASB ASC 350, <i>Intangibles &#8211; Goodwill and Other</i>, goodwill and other indefinite-lived intangible assets are not amortized but are reviewed at least annually for impairment. The Company conducts its annual test for impairment of goodwill and other indefinite-lived intangible assets as of February&#160;1 of each year. A discounted cash flow valuation technique and a market-based approach are utilized to estimate the fair value of the Company&#8217;s reporting units. For annual impairment testing purposes, the Company&#8217;s reporting units are its operating segments. The discount rates utilized in the analysis are developed using a weighted-average cost of capital methodology. In addition to the annual test, the Company will test for impairment if events or circumstances occur that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. For additional information, see Note 7: Goodwill and Other Intangible Assets. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table19 - us-gaap:InvestmentPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Marketable Securities and Other Investments: </b>Under the Company&#8217;s investment policy, it may invest in debt securities deemed to be investment grade at the time of purchase for general corporate purposes. The Company determines the appropriate categorization of debt securities at the time of purchase and reevaluates such designation at each balance sheet date. The Company categorized all debt securities as available for sale as it had the intent to convert these investments into cash if and when needed. Classification of available-for-sale marketable securities as current or noncurrent is based on whether the conversion to cash is expected to be necessary for operations in the upcoming year, which is consistent with the security&#8217;s maturity date. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Securities categorized as available for sale are stated at fair value, with unrealized gains and losses reported as a component of accumulated other comprehensive (loss) income. The fair value of available-for-sale marketable securities was $18,600 at April&#160;30, 2011, and was included in other current assets. All available-for-sale securities had matured or were sold prior to April&#160;30, 2012. Proceeds of $18,600, $57,100, and $13,519 have been realized upon maturity or sale of available-for-sale marketable securities in 2012, 2011, and 2010, respectively. The Company uses specific identification to determine the basis on which securities are sold. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company also maintains funds for the payment of benefits associated with nonqualified retirement plans. These funds include investments considered to be available-for-sale marketable securities. At April&#160;30, 2012 and 2011, the fair value of these investments was $43,217 and $41,560, respectively, and was included in other noncurrent assets. Included in accumulated other comprehensive (loss) income at April&#160;30, 2012 and 2011, were unrealized gains of $3,984 and $2,817, respectively. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table20 - us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Foreign Currency Translation: </b>Assets and liabilities of the Company&#8217;s foreign subsidiaries are translated using the exchange rates in effect at the balance sheet date, while income and expenses are translated using average rates. Translation adjustments are reported as a component of shareholders&#8217; equity in accumulated other comprehensive (loss) income. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table21 - sjm:RecentlyIssuedAccountingStandardsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Recently Issued Accounting Standards: </b>In June 2011, the FASB issued Accounting Standard Update (&#8220;ASU&#8221;) 2011-05, <i>Presentation of Comprehensive Income</i>, which eliminates the option to present the components of other comprehensive income as part of the statement of shareholders&#8217; equity and requires the presentation of net income and other comprehensive income to be in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 does not change the components that are recognized in net income or other comprehensive income. In December 2011, the FASB issued ASU 2011-12, <i>Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU 2011-05</i>, which defers the requirement to present on the face of the financial statements reclassification adjustments for items that are reclassified from accumulated other comprehensive income to net income while the FASB further deliberates this aspect of the standard. ASU 2011-05, as amended by ASU 2011-12, will be effective May&#160;1, 2012, for the Company. Adoption of this guidance requires retrospective application and will affect the presentation of certain elements of the Company&#8217;s financial statements, but will not otherwise have an impact on the financial statements. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In September 2011, the FASB issued ASU 2011-08, <i>Testing Goodwill for Impairment</i>, which simplifies the testing of goodwill for impairment. ASU 2011-08 will allow the Company the option to perform either a qualitative test or the first step of the two-step quantitative goodwill impairment test to assess the likelihood that the estimated fair value of a reporting unit is less than the carrying amount. This ASU will also be effective May&#160;1, 2012, for the Company. The Company anticipates that adoption of ASU 2011-08 could change the annual process for goodwill impairment testing, but will not impact the financial statements or disclosures. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In December 2011, the FASB issued ASU 2011-11, <i>Disclosures about Offsetting Assets and Liabilities</i>. ASU 2011-11 requires the disclosure of both gross and net information about instruments and transactions eligible for offset in the consolidated balance sheet. This ASU will be effective May&#160;1, 2013, for the Company and will require retrospective application. The Company anticipates the adoption of ASU 2011-11 will not impact the financial statements, but will expand the disclosures related to derivative instruments. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table22 - sjm:ComprehensiveIncomePolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Recently Issued Accounting Standards: </b>In June 2011, the FASB issued Accounting Standard Update (&#8220;ASU&#8221;) 2011-05, <i>Presentation of Comprehensive Income</i>, which eliminates the option to present the components of other comprehensive income as part of the statement of shareholders&#8217; equity and requires the presentation of net income and other comprehensive income to be in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 does not change the components that are recognized in net income or other comprehensive income. In December 2011, the FASB issued ASU 2011-12, <i>Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU 2011-05</i>, which defers the requirement to present on the face of the financial statements reclassification adjustments for items that are reclassified from accumulated other comprehensive income to net income while the FASB further deliberates this aspect of the standard. </font> </p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table23 - sjm:DeferralOfEffectiveDateForAmendmentsToPresentationOfReclassificationsOfItemsOutOfAccumulatedOtherComprehensiveIncomeInAccountingStandardsPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"> <font style="font-family:times new roman" size="2"> ASU 2011-05, as amended by ASU 2011-12, will be effective May&#160;1, 2012, for the Company. Adoption of this guidance requires retrospective application and will affect the presentation of certain elements of the Company&#8217;s financial statements, but will not otherwise have an impact on the financial statements. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table24 - sjm:GoodwillPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In September 2011, the FASB issued ASU 2011-08, <i>Testing Goodwill for Impairment</i>, which simplifies the testing of goodwill for impairment. ASU 2011-08 will allow the Company the option to perform either a qualitative test or the first step of the two-step quantitative goodwill impairment test to assess the likelihood that the estimated fair value of a reporting unit is less than the carrying amount. This ASU will also be effective May&#160;1, 2012, for the Company. The Company anticipates that adoption of ASU 2011-08 could change the annual process for goodwill impairment testing, but will not impact the financial statements or disclosures. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table25 - sjm:DisclosuresAboutOffsettingAssetsAndLiabilitiesPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In December 2011, the FASB issued ASU 2011-11, <i>Disclosures about Offsetting Assets and Liabilities</i>. ASU 2011-11 requires the disclosure of both gross and net information about instruments and transactions eligible for offset in the consolidated balance sheet. This ASU will be effective May&#160;1, 2013, for the Company and will require retrospective application. The Company anticipates the adoption of ASU 2011-11 will not impact the financial statements, but will expand the disclosures related to derivative instruments. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table26 - sjm:RisksAndUncertaintiesPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Risks and Uncertainties: </b>The raw materials used by the Company in each of its segments are primarily commodities and agricultural-based products. Glass, plastic, steel cans, caps, carton board, and corrugate are the principal packaging materials used by the Company. The fruit and vegetable raw materials used by the Company in the production of its food products are purchased from independent growers and suppliers. Green coffee, peanuts, edible oils, sweeteners, milk, flour, corn, and other ingredients are obtained from various suppliers. The availability, quality, and cost of many of these commodities have fluctuated, and may continue to fluctuate, over time. Green coffee is sourced solely from foreign countries and its supply and price are subject to high volatility due to factors such as weather, global supply and demand, pest damage, and political and economic conditions in the source countries. Raw materials are generally available from numerous sources, although the Company has elected to source certain plastic packaging materials from single sources of supply pursuant to long-term contracts. While availability may vary year to year, the Company believes that it will continue to be able to obtain adequate supplies and that alternatives to single-sourced materials are available. The Company has not historically encountered significant shortages of key raw materials. The Company considers its relationships with key material suppliers to be good. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> Approximately 28 percent of the Company&#8217;s employees are covered by union contracts at 11 locations. The contracts vary in term depending on the location, with three contracts expiring in 2013. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company insures its business and assets in each country against insurable risks, to the extent that it deems appropriate, based upon an analysis of the relative risks and costs. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: sjm-20120430_note1_accounting_policy_table27 - sjm:ReclassificationPolicyTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Reclassifications: </b>Certain prior year amounts have been reclassified to conform to current year classifications. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note1_table1 - sjm:ShareBasedPaymentsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="73%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in selling, distribution, and administrative expenses</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>19,292</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,896</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,687</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in other merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,419</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,148</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,262</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense included in other restructuring costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>105</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">290</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total share-based compensation expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>21,816</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,334</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,949</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Related income tax benefit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7,511</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,064</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,402</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note2_table1 - us-gaap:ScheduleOfPurchasePriceAllocationTableTextBlock--> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="87%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Assets acquired:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,221</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other current assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">42,619</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">92,775</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">138,900</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">149,948</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total assets acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">426,326</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Liabilities assumed:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,599</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Noncurrent liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,097</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total liabilities assumed</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,696</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net assets acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">420,630</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note2_table3 - sjm:ScheduleOfPurchasePriceAllocationTableTextBlock--> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="87%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Assets acquired:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">33,971</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,227</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">213,500</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">91,675</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total assets acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">368,373</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Liabilities assumed:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,527</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total liabilities assumed</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,527</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net assets acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">362,846</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note2_table2 - sjm:PurchasePriceAllocatedToIdentifiableIntangibleAssetsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="87%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets with finite lives:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Customer relationships (10-year useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">92,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Technology (10-year useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">23,800</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademarks (6-year weighted-average useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">23,100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">138,900</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note2_table4 - sjm:PurchasePriceAllocatedToIdentifiableIntangibleAssetsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="87%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets with finite lives:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Customer relationships (19-year weighted-average useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">147,800</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademark (10-year useful life)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets with indefinite lives:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademarks</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">64,100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">213,500</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note4_table1 - us-gaap:ScheduleOfRestructuringAndRelatedCostsTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="50%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Long-Lived<br />Asset&#160;Charges</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Employee</font><br /><font style="font-family:times new roman" size="1">Separation</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Site&#160;Preparation</font><br /><font style="font-family:times new roman" size="1">and Equipment</font><br /><font style="font-family:times new roman" size="1">Relocation</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Production</font><br /><font style="font-family:times new roman" size="1">Start-up</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other&#160;Costs</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Total</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total expected restructuring charge</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">105,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">71,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">31,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">26,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">245,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1, 2009</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Charge to expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,139</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">407</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">279</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,711</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash payments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(407</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(16</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(279</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(752</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Noncash utilization</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2010</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 1,089</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 1,089</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Charge to expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">53,569</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">36,010</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,192</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,194</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">992</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">101,957</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash payments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(18,361</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,192</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,194</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(992</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(30,739</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Noncash utilization</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,569</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,540</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(62,109</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,198</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 10,198</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Charge to expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">34,195</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,364</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,963</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,689</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,930</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,141</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash payments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,754</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,963</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,689</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,930</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(40,336</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Noncash utilization</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(34,195</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,030</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(42,225</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Balance at April&#160;30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,778</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,778</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Remaining expected restructuring charge</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 13,366</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,487</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,438</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,101</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 7,799</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 56,191</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note5_table1 - us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,297,737</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,930,869</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,700,458</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,094,456</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,953,043</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,004,700</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,133,589</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">941,831</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">900,131</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,525,782</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,825,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,605,289</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Segment profit:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 543,012</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 536,133</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">484,006</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>393,300</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">406,455</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">407,721</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>168,572</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">159,580</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">140,404</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total segment profit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,104,884</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,102,168</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,032,131</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,504</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,512</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,793</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(81,296</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(69,594</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(65,187</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Share-based compensation expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(19,292</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,896</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(20,687</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold &#8211; restructuring</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(38,552</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(54,089</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold &#8211; merger and integration</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,610</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other restructuring costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(42,589</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(47,868</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,841</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(29,904</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(11,194</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(33,692</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Corporate administrative expenses</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(191,654</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(184,849</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(181,132</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other income (expense) &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,667</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(26</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,238</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income before income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>701,158</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 717,164</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">730,753</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,033,561</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,830,127</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,625,502</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,612,732</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,416,037</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,327,466</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,179,624</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">684,434</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">694,478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Unallocated </font><font style="font-family:times new roman" size="1"><sup> (A)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>289,309</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">393,987</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">327,407</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,115,226</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,324,585</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,974,853</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Depreciation, amortization, and impairment charges:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>102,323</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">95,423</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">99,490</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>46,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">43,280</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44,727</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>37,698</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,680</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">28,976</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Unallocated </font><font style="font-family:times new roman" size="1"><sup> (B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>64,821</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">76,855</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,217</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total depreciation, amortization, and impairment charges</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 251,586</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 257,238</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 197,410</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Additions to property, plant, and equipment:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 86,903</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 59,910</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52,198</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. Retail Consumer Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>159,544</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">88,217</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">58,457</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International, Foodservice, and Natural Foods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>27,797</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">31,953</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">26,328</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total additions to property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 274,244</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 180,080</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 136,983</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(A)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Primarily represents unallocated cash and cash equivalents and corporate-held investments. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(B)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Primarily represents unallocated depreciation expense included in cost of products sold &#8211; restructuring, cost of products sold &#8211; merger and intergration, and corporate administrative expenses. </font></td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note5_table2 - sjm:ScheduleOfReportableSegmentInformationRelatedToAssetsDepreciationAndAmortizationAndCapitalExpendituresTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,014,695</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,358,091</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,167,042</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canada</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 447,004</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 409,710</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 385,870</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">All other international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>64,083</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57,942</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52,377</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 511,087</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 467,652</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 438,247</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,525,782</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,825,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,605,289</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,721,449</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,912,311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,591,931</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canada</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 386,026</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 406,576</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 376,788</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">All other international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7,751</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,698</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,134</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 393,777</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 412,274</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 382,922</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,115,226</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,324,585</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,974,853</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-lived assets (excluding goodwill and other intangibles):</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,164,802</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 885,952</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 854,523</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canada</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 28,072</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 48,172</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 61,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">All other international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>37,262</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">706</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">712</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total international</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 65,334</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 48,878</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 62,455</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total long-lived assets (excluding goodwill and other intangibles)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,230,136</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 934,830</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 916,978</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note5_table3 - us-gaap:ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="82%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Coffee</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>48</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Peanut butter</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>12</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fruit spreads</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Shortening and oils</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Baking mixes and frostings</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canned milk</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Flour and baking ingredients</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Portion control</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Juices and beverages</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Handheld frozen sandwiches</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Toppings and syrups</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total product sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>100</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note6_table1 - us-gaap:ScheduleOfEarningsPerShareBasicByCommonClassTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="58%">&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Computation of net income per common share:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>459,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">479,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">494,138</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income allocated to participating securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,267</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,692</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,321</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income allocated to common stockholders</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>455,477</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">474,790</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">489,817</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average common shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>112,212,677</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,009,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,911,160</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income per common share</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 4.06</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 4.06</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 4.15</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note6_table2 - us-gaap:ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Computation of net income per common share &#8211; assuming dilution:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>459,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">479,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">494,138</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income allocated to participating securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,266</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,690</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,318</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income allocated to common stockholders</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>455,478</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">474,792</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">489,820</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average common shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>112,212,677</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,009,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,911,160</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Dilutive effect of stock options</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>49,616</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">110,335</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">130,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average common shares outstanding &#8211; assuming dilution</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>112,262,293</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,119,697</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">118,041,171</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net income per common share &#8211; assuming dilution</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b> 4.06</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 4.05</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"> 4.15</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note6_table3 - sjm:ScheduleOfWeightedAverageSharesOutstandingTableTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="61%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average common shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>112,212,677</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,009,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,911,160</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average participating shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,051,274</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,156,389</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,040,274</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average shares outstanding</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>113,263,951</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">118,165,751</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">118,951,434</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Dilutive effect of stock options</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>49,616</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">110,335</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">130,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average shares outstanding &#8211; assuming dilution</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>113,313,567</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">118,276,086</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">119,081,445</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note7_table1 - us-gaap:ScheduleOfGoodwillTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="56%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">U.S.&#160;Retail</font><br /><font style="font-family:times new roman" size="1">Coffee</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">U.S.&#160;Retail</font><br /><font style="font-family:times new roman" size="1">Consumer</font><br /><font style="font-family:times new roman" size="1"> Foods</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">International,</font><br /><font style="font-family:times new roman" size="1">Foodservice,&#160;and</font><br /><font style="font-family:times new roman" size="1"> Natural Foods</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Total</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1, 2010</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,635,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,034,395</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">137,922</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,807,730</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(47</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,772</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,291</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,016</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,635,366</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,036,167</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">141,213</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,812,746</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Acquisitions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">84,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">156,778</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">241,623</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">86</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,088</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">249</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Balance at April&#160;30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,720,297</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,035,242</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>299,079</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,054,618</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note7_table2 - us-gaap:IntangibleAssetsDisclosureTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="48%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April&#160;30, 2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Acquisition<br />Cost</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Accumulated<br />Amortization/<br />Impairment<br />Charges</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Net</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Acquisition<br />Cost</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Accumulated<br />Amortization/<br />Impairment<br />Charges</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Net</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Finite-lived intangible assets subject to amortization:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Customer and contractual relationships</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,415,084</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>238,419</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,176,665</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,180,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">168,125</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,011,875</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Patents and technology</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>158,770</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>36,888</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>121,882</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">134,970</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,980</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">108,990</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademarks</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>62,554</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>18,854</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>43,700</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35,153</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,652</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">28,501</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total intangible assets subject to amortization</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,636,408</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>294,161</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,342,247</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,350,123</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">200,757</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,149,366</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Indefinite-lived intangible assets not subject to amortization:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Trademarks</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,855,621</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>10,861</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,844,760</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,799,862</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,218</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,790,644</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total other intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,492,029</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>305,022</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,187,007</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,149,985</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">209,975</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,940,010</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table1 - us-gaap:ScheduleOfNetBenefitCostsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="61%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined Benefit Pension Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other Postretirement Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:68pt"><font style="font-family:times new roman" size="1"><b></b>Year Ended April&#160;30,<b></b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Service cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,050</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,504</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,755</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,348</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,620</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,525</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>26,210</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,491</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,788</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,075</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,775</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,607</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(26,955</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(26,848</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(22,894</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of prior service cost (credit)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,117</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,146</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(425</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of net actuarial loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,381</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,294</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,291</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(43</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(536</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,043</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Curtailment loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,124</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,095</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(115</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,066</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Termination benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,838</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,395</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,030</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net periodic benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>21,831</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">30,077</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">15,302</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,870</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,783</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table2 - us-gaap:ScheduleOfDefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other changes in plan assets and benefit liabilities recognized in accumulated other comprehensive (loss) income before income taxes:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Prior service cost arising during the year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(359</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,334</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net actuarial loss arising during the year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(82,125</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,533</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,713</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,163</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(7,769</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,248</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of prior service cost (credit)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,117</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,146</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(425</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of net actuarial loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,381</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,294</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,291</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(43</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(536</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,043</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Curtailment loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,124</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,095</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(115</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,066</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,092</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,032</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,932</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(69</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">104</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">173</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>23</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(71</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net change for year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(68,322</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(389</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,397</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,815</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,615</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,607</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table3 - sjm:ScheduleOfAssumptionsUsedInDeterminingNetPeriodicBenefitCostTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average assumptions used in determining net periodic benefit costs:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. plans:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Discount rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5.50</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.80</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5.50</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.80</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>7.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.75</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Rate of compensation increase</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.14</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.15</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3.79</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canadian plans:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Discount rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.30</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.30</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.40</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6.66</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.08</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.33</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Rate of compensation increase</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table4 - us-gaap:ScheduleOfNetFundedStatusTableTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="63%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined&#160;Benefit&#160;Pension&#160;Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other&#160;Postretirement&#160;Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:28pt"><font style="font-family:times new roman" size="1">April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Change in benefit obligation:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefit obligation at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>503,346</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">450,728</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>59,789</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,592</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Service cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,050</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,504</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,348</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,620</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>26,210</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">25,491</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,075</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,775</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amendments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">359</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actuarial loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>60,019</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">30,276</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,278</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,769</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Participant contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">498</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,412</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,077</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefits paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(28,603</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(30,502</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(3,595</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,674</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(5,052</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,446</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(526</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,270</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Curtailment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>398</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,151</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(115</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,974</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Termination benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,838</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,395</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,030</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>133</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">22</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefit obligation at end of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>561,746</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">503,346</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>68,829</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">59,789</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Change in plan assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>407,600</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">367,322</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actual return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,246</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Company contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>11,428</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,779</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,165</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,576</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Participant contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">498</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,412</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,077</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefits paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(28,603</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(30,502</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(3,595</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,674</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,760</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,974</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>18</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets at end of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>386,467</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">407,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Funded status of the plans</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(175,279</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(95,746</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(68,829</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(59,789</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,976</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Defined benefit pensions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(147,551</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(98,722</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accrued compensation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(27,728</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Postretirement benefits other than pensions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(68,829</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(59,789</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net benefit liability</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(175,279</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(95,746</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(68,829</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(59,789</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table5 - us-gaap:ScheduleOfNetPeriodicBenefitCostNotYetRecognizedTableTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="66%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined&#160;Benefit&#160;Pension&#160;Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other&#160;Postretirement&#160;Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:28pt"><font style="font-family:times new roman" size="1">April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net actuarial (loss) gain</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(204,471</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(134,306</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,293</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,683</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Prior service (cost) credit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,966</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,809</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,704</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,129</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total recognized in accumulated other comprehensive (loss) income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(207,437</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(139,115</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,997</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,812</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table6 - sjm:ScheduleOfAssumptionsUsedInDeterminingBenefitObligationsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="7%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="7%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="7%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="7%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined&#160;Benefit&#160;Pension&#160;Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other</font><br /><font style="font-family:times new roman" size="1">Postretirement&#160;Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:28pt"><font style="font-family:times new roman" size="1">April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Weighted-average assumptions used in determining benefit obligation:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. plans:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Discount rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.70</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.70</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Rate of compensation increase</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.14</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.14</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Canadian plans:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Discount rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.20</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.20</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:5.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Rate of compensation increase</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4.00</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table7 - us-gaap:ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="82%">&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">One-Percentage&#160;Point</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Increase</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Decrease</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect on total service and interest cost components</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">209</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">176</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect on benefit obligation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,274</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,844</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table8 - us-gaap:ScheduleOfDefinedBenefitPlansDisclosuresTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Defined&#160;Benefit&#160;Pension&#160;Plans</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other&#160;Postretirement&#160;Benefits</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:68pt"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefit obligation at end of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>125,708</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">123,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>13,255</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,898</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets at end of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>104,475</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">113,814</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Funded status of the plans</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(21,233</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,786</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(13,255</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,898</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Components of net periodic benefit cost:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Service cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,362</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,470</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>39</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">34</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,616</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,713</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>570</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">596</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(7,018</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,912</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization of net actuarial loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,983</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,836</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(39</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Curtailment loss (gain)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">185</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(115</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,066</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Termination benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">933</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net periodic benefit cost</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,009</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,231</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>490</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">590</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Changes in plan assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Company contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,123</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,629</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>762</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">771</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Participant contributions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">498</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Benefits paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(9,324</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,595</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(762</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(771</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actual return on plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,066</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,419</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,760</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement loss</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,974</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table9 - us-gaap:ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="78%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>April&#160;30,<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>2011<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accumulated benefit obligation for all pension plans</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>523,584</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">468,604</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Plans with an accumulated benefit obligation in excess of plan assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Accumulated benefit obligation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>523,584</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">436,329</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>386,467</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">371,895</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Plans with a projected benefit obligation in excess of plan assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Projected benefit obligation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>561,746</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">473,555</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fair value of plan assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>386,467</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">374,741</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table10 - us-gaap:ScheduleOfAllocationOfPlanAssetsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="54%">&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Quoted&#160;Prices&#160;in</font><br /><font style="font-family:times new roman" size="1">Active&#160; Markets&#160;for</font><br /><font style="font-family:times new roman" size="1">Identical Assets</font><br /><font style="font-family:times new roman" size="1">(Level 1)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Observable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 2)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Unobservable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 3)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair&#160;Value&#160;at</b></font><br /><font style="font-family:times new roman" size="1"><b>April&#160; 30,&#160;2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents </font><font style="font-family:times new roman" size="1"><sup> (A)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,999</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>13,999</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity securities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. </font><font style="font-family:times new roman" size="1"><sup>(B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">79,582</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,872</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>96,454</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International </font><font style="font-family:times new roman" size="1"><sup> (C)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,361</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,029</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>78,390</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fixed-income securities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Bonds </font><font style="font-family:times new roman" size="1"><sup> (D)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">82,109</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>82,109</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fixed income </font><font style="font-family:times new roman" size="1"><sup> (E)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">76,866</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>76,866</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other types of investments:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Hedge funds </font><font style="font-family:times new roman" size="1"><sup> (F)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">22,351</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>22,351</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Private equity funds </font><font style="font-family:times new roman" size="1"><sup> (F)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,298</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>16,298</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total financial assets measured at fair value</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">317,917</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">29,901</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">38,649</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>386,467</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p>&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="57%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Quoted&#160;Prices&#160;in<br />Active&#160;Markets&#160;for<br />Identical Assets<br />(Level 1)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant<br />Observable<br />Inputs<br />(Level 2)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant<br />Unobservable<br />Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 3)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Fair&#160;Value&#160;at<br />April&#160;30,&#160;2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents </font><font style="font-family:times new roman" size="1"><sup> (A)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,006</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,006</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity securities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">U.S. </font><font style="font-family:times new roman" size="1"><sup>(B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">82,457</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,930</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,777</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">106,164</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">International </font><font style="font-family:times new roman" size="1"><sup> (C)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">40,189</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,808</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,997</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fixed-income securities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Bonds </font><font style="font-family:times new roman" size="1"><sup> (D)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,126</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">17,610</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">82,736</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Fixed income </font><font style="font-family:times new roman" size="1"><sup> (E)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,515</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">34,544</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">80,059</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other types of investments:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Hedge funds </font><font style="font-family:times new roman" size="1"><sup> (F)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">37,451</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">37,451</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Private equity funds </font><font style="font-family:times new roman" size="1"><sup> (F)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,187</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,187</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total financial assets measured at fair value</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">239,293</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">112,892</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">55,415</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">407,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note8_table11 - us-gaap:ScheduleOfEffectOfSignificantUnobservableInputsChangesInPlanAssetsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="65%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">U.S.&#160;Equity<br />Securities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Hedge<br />Funds</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Private<br />Equity&#160;Funds</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Total</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,777</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">37,451</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,187</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">55,415</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchases and sales &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,999</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,616</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,095</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,522</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actual return on plan assets sold during the period</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(7,776</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(893</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,669</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Actual return on plan assets still held at reporting date</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(591</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,016</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,425</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Balance at April&#160;30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>22,351</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>16,298</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>38,649</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note9_table1 - sjm:SummaryOfCompanysStockOptionActivityAndRelatedInformationTableTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="72%">&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Options</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-Average<br />Exercise Price</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at May 1, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">196,925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41.18</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Exercised</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(72,084</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">39.46</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Outstanding and exercisable at April 30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>124,841</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>42.18</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note9_table2 - sjm:SummaryOfCompanyRestrictedSharesDeferredSharesDeferredStockUnitsAndPerformanceUnitsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="46%">&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Restricted/Deferred</font><br /><font style="font-family:times new roman" size="1">Shares and</font><br /><font style="font-family:times new roman" size="1"> Deferred&#160;Stock&#160;Units</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-Average</font><br /><font style="font-family:times new roman" size="1">Grant Date</font><br /><font style="font-family:times new roman" size="1"> Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Performance</font><br /><font style="font-family:times new roman" size="1">Units</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-Average</font><br /><font style="font-family:times new roman" size="1">Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at May 1, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,157,266</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">49.39</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">125,360</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77.53</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Granted</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">152,180</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">78.32</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">99,455</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">76.37</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Converted</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">125,360</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77.53</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(125,360</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77.53</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Vested</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(430,831</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52.60</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Forfeited</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,985</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">52.91</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Outstanding at April 30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>990,990</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>55.95</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>99,455</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>76.37</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note9_table3 - sjm:WeightedAverageGrantDateFairValuesOfEquityTableTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="58%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:68pt"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Restricted/</font><br /><font style="font-family:times new roman" size="1">Deferred</font><br /><font style="font-family:times new roman" size="1"> Shares&#160;and</font><br /><font style="font-family:times new roman" size="1">Deferred</font><br /><font style="font-family:times new roman" size="1">Stock&#160;Units</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-</font><br /><font style="font-family:times new roman" size="1">Average</font><br /><font style="font-family:times new roman" size="1"> Grant&#160;Date</font><br /><font style="font-family:times new roman" size="1">Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Performance</font><br /><font style="font-family:times new roman" size="1">Units</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Weighted-</font><br /><font style="font-family:times new roman" size="1">Average</font><br /><font style="font-family:times new roman" size="1"> Grant&#160;Date</font><br /><font style="font-family:times new roman" size="1">Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>152,180</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>78.32</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>99,455</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>76.37</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">303,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">58.32</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">125,360</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77.53</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2010</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">504,580</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">44.63</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">190,010</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57.37</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note10_table1 - us-gaap:ScheduleOfDebtInstrumentsTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="74%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">4.78% Senior Notes due June&#160;1, 2014</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>100,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">100,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">6.12% Senior Notes due November&#160;1, 2015</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>24,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">6.63% Senior Notes due November&#160;1, 2018</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>397,906</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">380,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">3.50% Notes due October&#160;15, 2021</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>748,637</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">5.55% Senior Notes due April&#160;1, 2022</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>400,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">400,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">4.50% Senior Notes due June&#160;1, 2025</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>400,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">400,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,070,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current portion of long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>50,000</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total long-term debt, less current portion</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,020,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note12_table1 - us-gaap:ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="67%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April&#160;30, 2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Other</b></font><br /><font style="font-family:times new roman" size="1"><b>Current</b></font><br /><font style="font-family:times new roman" size="1"> <b>Assets</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Other</b></font><br /><font style="font-family:times new roman" size="1"><b>Current</b></font><br /><font style="font-family:times new roman" size="1"> <b>Liabilities</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other<br />Current<br />Assets</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other<br />Current<br />Liabilities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Other<br />Noncurrent<br />Liabilities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivatives designated as hedging instruments:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,569</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>19,510</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,408</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest rate contract</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,423</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,384</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total derivatives designated as hedging instruments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,569</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>19,510</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,831</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,384</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivatives not designated as hedging instruments:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,166</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,631</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,887</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,432</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency exchange contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>436</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>982</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">317</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,204</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total derivatives not designated as hedging instruments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,602</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,613</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,204</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,636</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total derivative instruments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>10,171</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>24,123</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,035</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,636</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,384</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note12_table2 - us-gaap:ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="78%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">(Losses) gains recognized in other comprehensive (loss) income (effective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(31,830</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,082</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gains reclassified from accumulated other comprehensive (loss) income to cost of products sold (effective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,887</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,780</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Change in accumulated other comprehensive (loss) income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(33,717</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,302</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">(Losses) gains recognized in cost of products sold (ineffective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(853</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">611</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note12_table3 - us-gaap:ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="82%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>Year&#160;Ended&#160;April&#160;30,<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>2011<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Losses recognized in other comprehensive (loss) income (effective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(6,192</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td nowrap="nowrap" valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Losses reclassified from accumulated other comprehensive (loss) income to interest expense (effective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(278</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td nowrap="nowrap" valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Change in accumulated other comprehensive (loss) income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(5,914</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td nowrap="nowrap" valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Losses recognized in interest expense (ineffective portion)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(19</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td nowrap="nowrap" valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note12_table4 - sjm:ScheduleOfDerivativeInstrumentsGainLossInCostOfProductsSoldTableTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="79%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gains (losses) on commodity contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>16,306</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,994</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gains (losses) on foreign currency exchange contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>951</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,290</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Gains (losses) recognized in cost of products sold (derivatives not designated as hedging instruments)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>17,257</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(7,284</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note12_table5 - us-gaap:ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="78%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>April&#160;30,<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b></b>2011<b></b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>983,381</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">869,107</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency exchange contracts</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>94,424</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">73,158</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest rate contract</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">376,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note13_table1 - us-gaap:FairValueByBalanceSheetGroupingTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="54%">&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="8%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>April&#160;30, 2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Carrying<br />Amount</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair&#160;Value</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Carrying<br />Amount</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Fair Value</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>43,217</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>43,217</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,560</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">41,560</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivative financial instruments &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(13,952</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(13,952</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,015</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,015</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,070,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,443,514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,648,614</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note13_table2 - us-gaap:FairValueMeasurementInputsDisclosureTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="54%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Quoted&#160;Prices&#160;in</font><br /><font style="font-family:times new roman" size="1">Active Markets</font><br /><font style="font-family:times new roman" size="1">for Identical</font><br /><font style="font-family:times new roman" size="1">Assets (Level 1)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Observable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 2)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Unobservable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 3)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Fair Value at</b></font><br /><font style="font-family:times new roman" size="1"><b>April&#160;30,&#160;2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments: </font><font style="font-family:times new roman" size="1"><sup> (B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity mutual funds</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,649</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>14,649</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Municipal obligations</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,392</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>20,392</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,132</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,044</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,176</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivatives: </font><font style="font-family:times new roman" size="1"><sup> (C)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,788</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(618</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(13,406</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency exchange contracts &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(545</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(546</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt </font><font style="font-family:times new roman" size="1"><sup> (D)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(777,023</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,666,491</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,443,514</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total financial instruments measured at fair value</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(774,031</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,640,218</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,414,249</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="56%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Quoted&#160;Prices&#160;in</font><br /><font style="font-family:times new roman" size="1">Active Markets</font><br /><font style="font-family:times new roman" size="1">for Identical</font><br /><font style="font-family:times new roman" size="1">Assets (Level 1)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Observable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 2)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Significant</font><br /><font style="font-family:times new roman" size="1">Unobservable</font><br /><font style="font-family:times new roman" size="1"> Inputs</font><br /><font style="font-family:times new roman" size="1">(Level 3)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Fair Value at</font><br /><font style="font-family:times new roman" size="1">April&#160;30,&#160;2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Marketable securities </font><font style="font-family:times new roman" size="1"><sup> (A)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments: </font><font style="font-family:times new roman" size="1"><sup> (B)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity mutual funds</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Municipal obligations</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,042</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,042</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other investments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">464</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,043</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,507</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Derivatives: </font><font style="font-family:times new roman" size="1"><sup> (C)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Commodity contracts &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency exchange contracts &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,887</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,887</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest rate contract &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt </font><font style="font-family:times new roman" size="1"><sup> (D)</sup></font><font style="font-family:times new roman" size="2"></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,648,614</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,648,614</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total financial instruments measured at fair value</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,451</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,598,890</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,579,439</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(A)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The Company&#8217;s marketable securities consisted entirely of commercial paper at April&#160;30, 2011, and were broker-priced and valued by a third party using valuation techniques which utilize inputs that are derived principally from or corroborated by observable market data. All securities had matured or were sold at values that were consistent with the previously estimated fair values prior to April&#160;30, 2012. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(B)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The Company&#8217;s other investments consist of funds maintained for the payment of benefits associated with nonqualified retirement plans. The funds include equity securities listed in active markets and municipal obligations valued by a third party using valuation techniques which utilize inputs that are derived principally from or corroborated by observable market data. As of April&#160;30, 2012, the Company&#8217;s municipal obligations are scheduled to mature as follows: $3,536 in 2013, $732 in 2014, $2,739 in 2015, $927 in 2016, and the remaining $12,458 in 2017 and beyond. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(C)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The Company&#8217;s Level 1 derivatives are valued using quoted market prices for identical instruments in active markets. The Level 2 derivatives are valued using quoted prices for similar assets or liabilities in active markets and inputs other than quoted prices that are observable for the asset or liability. The Company&#8217;s interest rate swap was valued using the income approach, observable Level 2 market expectations at the measurement date, and standard valuation techniques to convert future amounts to a single discounted present value. The specific inputs used to value the swap included futures contracts valued based on LIBOR, LIBOR cash and swap rates, and credit risk at commonly quoted intervals. For additional information, see Note 12: Derivative Financial Instruments. </font></td> </tr> </table> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(D)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">The Company&#8217;s long-term debt is comprised of public Notes classified as Level 1 and private Senior Notes classified as Level 2. The public Notes are traded in an active secondary market and valued using quoted prices. The value of the private Senior Notes is based on the net present value of each interest and principal payment calculated, utilizing an interest rate derived from a fair market yield curve. For additional information, see Note 10: Debt and Financing Arrangements. </font></td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note14_table1 - us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="74%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred tax liabilities:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,018,262</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,025,301</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>106,218</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">111,537</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>8,107</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,016</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total deferred tax liability</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,132,587</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,146,854</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred tax assets:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Post-employment and other employee benefits</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>107,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">84,723</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Tax credit and loss carryforwards</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,494</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,583</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intangible assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,370</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,279</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>40,719</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">27,668</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total deferred tax assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>157,126</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">120,253</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Valuation allowance for deferred tax assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(3,072</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,324</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total deferred tax assets, less allowance</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>154,054</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">116,929</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net deferred tax liability</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>978,533</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,029,925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note14_table2 - sjm:ScheduleOfDomesticAndForeignLossAndCreditCarryforwardsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="61%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Related&#160;Tax<br />Deduction</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Deferred<br />Tax&#160;Asset</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Valuation<br />Allowance</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Expiration</font><br /><font style="font-family:times new roman" size="1">Date</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Tax carryforwards:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Federal capital loss carryforward</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,917</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">694</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2017</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State loss carryforwards</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">63,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,154</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,935</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2013&#160;to&#160;2031</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State tax credit carryforwards</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,636</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2019</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign jurisdictional tax credit carryforwards</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2015</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total tax carryforwards</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>65,399</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,494</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,935</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note14_table3 - us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="70%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>706,366</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">729,654</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">712,226</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(5,208</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(12,490</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,527</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income before income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>701,158</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">717,164</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">730,753</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note14_table4 - us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="70%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Federal</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>228,255</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">271,361</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">256,444</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,798</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,554</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,584</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State and local</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>23,579</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,568</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,907</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Federal</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(10,273</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(51,011</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(21,362</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(6,867</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(7,338</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,386</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State and local</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(78</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,452</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(13,572</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total income tax expense</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>241,414</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">237,682</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">236,615</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note14_table5 - us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="70%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="10" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30,</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:80pt"><font style="font-family:times new roman" size="1">Percent of Pretax Income</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Statutory federal income tax rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>35.0</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35.0</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35.0</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">State and local income taxes, net of federal income tax benefit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2.3</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2.2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1.2</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Domestic manufacturing deduction</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(3.1</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3.8</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1.9</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other items &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>0.2</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(0.3</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1.9</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effective income tax rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>34.4</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>%&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">33.1</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">32.4</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">%&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income taxes paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>257,762</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">365,994</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">212,981</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note14_table6 - sjm:ScheduleOfReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="80%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>20,261</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">15,322</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Increases:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current year tax positions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,617</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,237</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Prior year tax positions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,103</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,106</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>157</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Decreases:</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Prior year tax positions</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">271</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Settlement with tax authorities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>287</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">31</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expiration of statute of limitations periods</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,874</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,985</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Foreign currency translation</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30,</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>23,977</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,261</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note15_table1 - us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="55%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Foreign<br />Currency<br />Translation<br />Adjustment</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Pension</font><br /><font style="font-family:times new roman" size="1">and Other<br />Postretirement<br />Liabilities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Unrealized<br />Gain&#160;(Loss)&#160;on<br />Available-for-<br />Sale Securities</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Unrealized&#160;(Loss)<br />Gain on Cash<br />Flow Hedging<br />Derivatives</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Accumulated<br />Other<br />Comprehensive<br />(Loss) Income</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at May&#160;1, 2009</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,062</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(67,693</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,209</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,570</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(57,270</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Reclassification adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,494</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,494</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current period credit (charge)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">45,926</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(18,004</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,162</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,128</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35,212</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income tax benefit (expense)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,691</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,510</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(210</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,971</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2010</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">56,988</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(80,006</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">443</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,994</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(20,581</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Reclassification adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,128</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,128</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current period credit (charge)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,773</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,004</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,124</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,430</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">26,323</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income tax benefit (expense)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,076</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(765</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,296</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,015</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Balance at April&#160;30, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,761</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(85,934</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,802</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,629</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Reclassification adjustments</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,430</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(9,430</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Current period (charge) credit</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(14,785</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(73,137</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,167</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(30,201</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(116,956</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:3.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income tax benefit (expense)</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,808</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(425</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,383</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">38,766</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Balance at April&#160;30, 2012</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>66,976</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(134,263</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,544</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(19,248</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(83,991</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note16_table1 - sjm:CondensedStatementsOfConsolidatedIncomeTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2012</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Consolidated</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,302,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,547,757</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,822,370</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,147,088</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,525,782</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,741,054</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,408,792</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,682,636</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,151,923</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,680,559</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Gross Profit</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">561,689</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">138,965</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,139,734</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,835</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,845,223</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Selling, distribution, and administrative expenses, restructuring, and merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">243,392</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">61,457</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">660,327</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>965,176</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization and impairment charges</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,196</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,454</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>92,650</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other operating (income) expense &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,325</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,251</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,690</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,114</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Operating Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">308,426</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">78,759</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">386,263</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,835</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>778,283</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest (expense) income &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(80,675</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,969</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,086</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(79,792</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other income (expense) &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,404,340</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">443</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,605</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,398,511</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,667</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity in net earnings of subsidiaries</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,095,007</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">184,217</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">79,192</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">831,598</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Income Before Income Taxes</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">537,084</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">266,388</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">459,764</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(562,078</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>701,158</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77,340</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,140</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">162,934</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>241,414</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">459,744</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">265,248</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">296,830</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(562,078</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>459,744</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note16_table2 - sjm:CondensedStatementsOfConsolidatedIncomeTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,880,940</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,805,614</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,759,833</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,620,644</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,825,743</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,196,825</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,546,492</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,884,851</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,600,942</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,027,226</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Gross Profit</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">684,115</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">259,122</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">874,982</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,702</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,798,517</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Selling, distribution, and administrative expenses, restructuring, and merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">216,731</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">79,263</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">626,182</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">922,176</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization and impairment charges</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,188</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">64,675</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,580</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">91,443</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other operating (income) expense &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(665</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,599</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,890</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">626</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Operating Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">462,861</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,783</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">223,330</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,702</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">784,272</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest (expense) income &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(67,687</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,400</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,795</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(67,082</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other (expense) income &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,338</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,735</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(423</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(26</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity in net earnings of subsidiaries</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">203,115</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">83,879</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">67,256</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(354,250</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Income Before Income Taxes</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">596,951</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">206,797</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">287,368</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(373,952</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">717,164</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">117,469</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">21,838</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">98,375</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">237,682</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">479,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">184,959</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">188,993</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(373,952</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">479,482</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2">CONDENSED STATEMENTS OF CONSOLIDATED INCOME </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net sales</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,675,770</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,899,461</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,723,605</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,693,547</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,605,289</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cost of products sold</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,259,807</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,383,363</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,858,293</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,682,864</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,818,599</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Gross Profit</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">415,963</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">516,098</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">865,312</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,683</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,786,690</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Selling, distribution, and administrative expenses, restructuring, and merger and integration costs</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">193,036</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">107,407</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">613,311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">913,754</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Amortization and impairment charges</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">10,200</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,681</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,434</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">85,315</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other operating (income) expense &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(22,546</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,083</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,175</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,288</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Operating Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">235,273</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">335,927</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">230,392</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,683</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">790,909</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Interest (expense) income &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,264</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">12,429</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(21,559</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(62,394</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other income (expense) &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">151</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">17,609</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(15,522</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,238</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity in net earnings of subsidiaries</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">393,208</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">61,459</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">35,223</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(489,890</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Income Before Income Taxes</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">575,368</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">427,424</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">228,534</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(500,573</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">730,753</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,230</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">77,280</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">78,105</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">236,615</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Income</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">494,138</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">350,144</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">150,429</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(500,573</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">494,138</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note16_table3 - sjm:CondensedConsolidatedBalanceSheetsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom">&#160;<font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2012</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Consolidated</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>ASSETS</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Current Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">108,281</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">121,427</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>229,708</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Inventories</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">161,411</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">815,030</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(14,865</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>961,576</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other current assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">334,220</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,499</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">114,462</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>452,181</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Current Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">442,501</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">164,910</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,050,919</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(14,865</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,643,465</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Property, Plant, and Equipment</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">220,354</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">389,163</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">486,572</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>1,096,089</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investments in Subsidiaries and Intercompany</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,684,496</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,241,145</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">702,550</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,628,191</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Other Noncurrent Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">981,606</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,073,012</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,054,618</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other intangible assets &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">435,713</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,751,294</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,187,007</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">59,992</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,137</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">62,918</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>134,047</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Other Noncurrent Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,477,311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">11,137</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,887,224</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>6,375,672</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,824,662</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,806,355</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,127,265</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,643,056</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,115,226</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>LIABILITIES AND SHAREHOLDERS&#8217; EQUITY</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Current Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">323,608</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">101,714</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">191,650</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>616,972</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Noncurrent Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,020,543</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,020,543</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">104,822</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">887,559</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>992,692</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">212,303</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,031</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">89,299</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>321,633</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Noncurrent Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,337,668</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20,342</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">976,858</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>3,334,868</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Shareholders&#8217; Equity</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,163,386</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,684,299</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,958,757</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,643,056</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>5,163,386</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,824,662</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,806,355</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,127,265</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,643,056</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,115,226</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note16_table4 - sjm:CondensedConsolidatedBalanceSheetsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="49%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom">&#160;<font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>ASSETS</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Current Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">206,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">113,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">319,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Inventories</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">182,531</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">700,750</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,702</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">863,579</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other current assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">364,377</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,190</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,008</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">453,575</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Current Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">571,222</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">190,721</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">894,758</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(19,702</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,636,999</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Property, Plant, and Equipment</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">193,321</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">305,519</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">369,042</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">867,882</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investments in Subsidiaries and Intercompany</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,872,622</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">802,936</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,209,603</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,885,161</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Other Noncurrent Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">981,606</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,831,140</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,812,746</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other intangible assets &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">440,174</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,116</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,496,720</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,940,010</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent assets</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">50,012</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">15,106</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,830</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">66,948</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Other Noncurrent Assets</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,471,792</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,222</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,329,690</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,819,704</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,108,957</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,317,398</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,803,093</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,904,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,324,585</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>LIABILITIES AND SHAREHOLDERS&#8217; EQUITY</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Current Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">234,262</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">81,239</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">167,175</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">482,676</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Noncurrent Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,304,039</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Deferred income taxes</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">115,985</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">926,838</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,042,823</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other noncurrent liabilities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">162,308</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,447</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">23,929</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">202,684</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Total Noncurrent Liabilities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,582,332</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,447</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">950,767</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,549,546</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Shareholders&#8217; Equity</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,292,363</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,219,712</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,685,151</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,904,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,292,363</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,108,957</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,317,398</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,803,093</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(6,904,863</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,324,585</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note16_table5 - sjm:CondensedStatementsOfConsolidatedCashFlowsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="51%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2012</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Consolidated</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Provided by (Used for) Operating Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,622,917</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">165,048</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,057,036</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>730,929</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Businesses acquired, net of cash acquired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(737,255</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(737,255</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Additions to property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(52,994</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(133,605</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(87,645</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(274,244</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Equity investment in affiliate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(35,874</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(35,874</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from divestitures</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">9,268</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>9,268</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales and maturities of marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">18,600</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>18,600</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from disposal of property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">168</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">396</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3,475</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>4,039</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,495</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(16,903</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(20,398</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Used for Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(34,226</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(136,704</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(864,934</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(1,035,864</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">748,560</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>748,560</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Quarterly dividends paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(213,667</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(213,667</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchase of treasury shares</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(315,780</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(315,780</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from stock option exercises</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,826</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>2,826</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intercompany</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,906,881</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(28,344</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,935,225</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>&#8212;&#160;&#160;</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(2,313</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(2,313</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash (Used for) Provided by Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(1,687,255</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(28,344</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,935,225</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>219,626</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect of exchange rate changes on cash</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(4,828</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(4,828</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net (decrease) increase in cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(98,564</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,427</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>(90,137</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>)&#160;</b></font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">206,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">113,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>319,845</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Cash and Cash Equivalents at End of Year</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">108,281</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">121,427</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2"><b>229,708</b></font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2"><b>&#160;</b></font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(&#160;&#160;)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Denotes use of cash </font></td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note16_table6 - sjm:CondensedStatementsOfConsolidatedCashFlowsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="55%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2011</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Provided by Operating Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">212,428</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">92,965</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">86,169</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">391,562</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Additions to property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(59,072</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,416</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(67,592</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(180,080</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchases of marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(75,637</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(75,637</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales and maturities of marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57,100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">57,100</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from disposal of property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,081</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">305</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4,444</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">5,830</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(43</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">37</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(120</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(126</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Used for Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(76,571</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,074</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(63,268</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(192,913</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Repayments of long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">400,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">400,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Quarterly dividends paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(194,024</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(194,024</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchase of treasury shares</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(389,135</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(389,135</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from stock option exercises</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,525</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">14,525</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intercompany</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">24,152</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(39,891</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">15,739</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7,740</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">475</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,215</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash (Used for) Provided by Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(146,742</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(39,891</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">16,214</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(170,419</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect of exchange rate changes on cash</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,045</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">8,045</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net (decrease) increase in cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(10,885</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">47,160</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">36,275</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">217,730</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,840</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">283,570</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Cash and Cash Equivalents at End of Year</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">206,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">113,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">319,845</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(&#160;&#160;)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Denotes use of cash </font></td> </tr> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: sjm-20120430_note16_table7 - sjm:CondensedStatementsOfConsolidatedCashFlowsTableTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="55%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="18" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Year Ended April&#160;30, 2010</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">The&#160;J.&#160;M.&#160;Smucker</font><br /><font style="font-family:times new roman" size="1">Company (Parent)</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Subsidiary</font><br /><font style="font-family:times new roman" size="1">Guarantors</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Non-Guarantor</font><br /><font style="font-family:times new roman" size="1">Subsidiaries</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Eliminations</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1">Consolidated</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Provided by (Used for) Operating Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">499,197</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">218,064</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(3,783</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">713,478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Additions to property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(41,148</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(62,324</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(33,511</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(136,983</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from divestitures</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,554</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">19,554</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Sales and maturities of marketable securities</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,519</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">13,519</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from disposal of property, plant, and equipment</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">185</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">20</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">205</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(706</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(32</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(738</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash Used for Investing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(8,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(62,139</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(33,523</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(104,443</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Repayment of bank note payable</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(350,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(350,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Repayments of long-term debt</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(275,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(275,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Quarterly dividends paid</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(166,224</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(166,224</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Purchase of treasury shares</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,569</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(5,569</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Proceeds from stock option exercises</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,413</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Intercompany</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(258,696</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">194,075</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">64,621</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Other &#8211; net</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,393</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(561</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,832</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Net Cash (Used for) Provided by Financing Activities</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(696,683</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(155,925</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">64,060</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(788,548</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Effect of exchange rate changes on cash</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,390</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6,390</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Net (decrease) increase in cash and cash equivalents</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(206,267</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">33,144</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(173,123</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Cash and cash equivalents at beginning of year</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">423,997</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">32,696</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">456,693</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2"><b>Cash and Cash Equivalents at End of Year</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">217,730</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">65,840</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">283,570</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table style="border-collapse:collapse; text-align: left" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:times new roman" size="2">(&#160;&#160;)</font></td> <td align="left" valign="top"><font style="font-family:times new roman" size="2">Denotes use of cash </font></td> </tr> </table> false --04-30 FY 2012 2012-04-30 10-K 0000091419 110437385 Yes Large Accelerated Filer 8204431960 SMUCKER J M CO No Yes -35212000 -26323000 116956000 2494000 3128000 9430000 50000000 3005000 3005000 7310000 7310000 4825000 4825000 85315000 0 9434000 10200000 65681000 91443000 0 21580000 5188000 64675000 92650000 0 81454000 11196000 0 3334000 2572000 One-percentage point annual change in the assumed health care cost 0.28 0.050 0.045 180000000 16000000 124200000 99300000 213500000 138900000 42619000 2500000 13900000 27000000 20687000 19896000 19292000 0 0 4610000 2814729000 2973137000 3637397000 3870000 54089000 38552000 18004000 10004000 73137000 1400000 2700000 9430000 -24287000 -5914000 694000 10000 3154000 1636000 5494000 3279000 3370000 4583000 5494000 597000 20000000 Three months or less 0.14 197410000 28976000 99490000 44727000 24217000 257238000 41680000 95423000 43280000 76855000 251586000 37698000 102323000 46744000 64821000 3870000 53569000 38570000 500000 0 -489890000 35223000 393208000 61459000 0 -354250000 67256000 203115000 83879000 0 831598000 79192000 -1095007000 184217000 P12M 235000000 245000000 71000000 105000000 12000000 26000000 31000000 14011000 20042000 7507000 14011000 0 0 0 464000 20042000 7043000 0 0 14649000 20392000 8176000 14649000 0 0 0 1132000 20392000 7044000 0 0 1350123000 1180000000 134970000 35153000 1636408000 1415084000 158770000 62554000 next two fiscal years next two fiscal years 13607000 0 -11287000 -11287000 5016000 3291000 -47000 1772000 249000 1088000 86000 -925000 10 to 13 years 56227000 -78393000 -2959000 -480000 361000 -167000 1900000 130011 110335 49616 9218000 10861000 209975000 305022000 3149985000 3492029000 0 -6885161000 1209603000 4872622000 802936000 0 -10628191000 702550000 5684496000 4241145000 0 0 64621000 -258696000 194075000 0 0 15739000 24152000 -39891000 0 0 1935225000 -1906881000 -28344000 3100000 77074000 89599000 P65D 916978000 934830000 1230136000 87623000 84068000 0.10 489817000 474790000 455477000 489820000 474792000 455478000 4321000 4692000 4267000 4318000 4690000 4266000 10000000 3870000 0 3870000 0 0 0 62109000 8540000 53569000 0 0 0 42225000 8030000 34195000 0 0 0 5819704000 0 4329690000 1471792000 18222000 6375672000 0 4887224000 1477311000 11137000 10 11 1 3 2 3 10 1 25000000 25000000 22000 0 133000 0 21000 0 18000 0 0 71000 0 0 0 -23000 453575000 0 81008000 364377000 8190000 452181000 0 114462000 334220000 3499000 12458000 927000 3536000 732000 2739000 202684000 0 23929000 162308000 16447000 321633000 0 89299000 212303000 20031000 33692000 11194000 29904000 0 8540000 8030000 -3288000 0 12175000 -22546000 7083000 626000 0 3890000 -665000 -2599000 9114000 0 11690000 -1325000 -1251000 1841000 47868000 42589000 7800000 50000000 100000000 375600000 0.80 0.23 0.10 0.27 0.26 0.26 1 6 45000000 0 0 17718000 0 0 0 56191000 13487000 13366000 7799000 10101000 11438000 P1Y 3200000 3000000 9400000 3400000 2900000 2000000 1032131000 140404000 484006000 407721000 1102168000 159580000 536133000 406455000 1104884000 168572000 543012000 393300000 1.00 0.06 0.05 0.40 0.05 0.08 0.03 0.03 0.05 0.12 0.03 0.08 0.02 1.00 0.06 0.05 0.44 0.05 0.08 0.02 0.03 0.03 0.12 0.03 0.07 0.02 1.00 0.06 0.05 0.48 0.05 0.07 0.02 0.02 0.02 0.12 0.02 0.07 0.02 913754000 0 613311000 193036000 107407000 922176000 0 626182000 216731000 79263000 965176000 0 660327000 243392000 61457000 0.00 52.91 77.53 77.53 -125360 125360 39.46 1.8 5262000 4148000 2419000 0 290000 105000 636000 1917000 0 63482000 0 65399000 -3430000 8820000 2133000 594000 497000 -88000 P10Y next 12 months 21900000 200100000 2817000 3984000 117000 0 0 157000 137000 0.001 117911160 117009362 112212677 118041171 117119697 112262293 2 234916000 274725000 344410000 347518000 62588000 62111000 656590000 757042000 -2209000 443000 1802000 2544000 1570000 1994000 6000000 -19248000 67693000 80006000 85934000 134263000 11062000 56988000 81761000 66976000 -57270000 -20581000 3629000 -83991000 19 10 10 10 6 4396592000 4261171000 25949000 24334000 21816000 130583000 115066000 119600000 1882000 1715000 73657000 73844000 88060000 7974853000 376788000 6134000 7591931000 694478000 382922000 4625502000 2327466000 327407000 8324585000 406576000 5698000 7912311000 684434000 412274000 4830127000 2416037000 -6904863000 6803093000 7108957000 1317398000 393987000 9115226000 386026000 7751000 8721449000 1179624000 393777000 5033561000 2612732000 -10643056000 7127265000 7824662000 4806355000 289309000 1636999000 -19702000 894758000 571222000 190721000 1643465000 -14865000 1050919000 442501000 164910000 18600000 18600000 18600000 18600000 0 18600000 0 0 0 41560000 41560000 41560000 43217000 43217000 43217000 347950000 460242000 362800000 420600000 147800000 1600000 23800000 92000000 23100000 368373000 426326000 362846000 420630000 33971000 1221000 5527000 3599000 36168000 91675000 6900000 84800000 149948000 149900000 88700000 143300000 1799862000 64100000 1855621000 5527000 5696000 2097000 863000 29227000 92775000 5300000000 5700000000 10700000 14200000 456693000 0 32696000 423997000 0 283570000 0 65840000 217730000 0 319845000 0 113000000 206845000 0 229708000 0 121427000 108281000 0 -173123000 0 33144000 -206267000 0 36275000 0 47160000 -10885000 0 -90137000 0 8427000 -98564000 0 1.45 1.68 1.92 150000000 150000000 118422123 119119152 114172122 114172122 110284715 110284715 28543000 27571000 76778000 142983000 2818599000 -5682864000 2858293000 3259807000 2383363000 3027226000 -5600942000 2884851000 3196825000 2546492000 3680559000 -4151923000 2682636000 3741054000 1408792000 256444000 271361000 228255000 6584000 4554000 6798000 12907000 21568000 23579000 750000000 0.0352 0.0555 0.0663 0.0350 0.0450 0.0612 0.0478 0.0350 0.0350 0.0555 0.0663 0.0350 0.0450 0.0612 0.0478 -21362000 -51011000 -10273000 -4386000 -7338000 -6867000 -39320000 -59801000 -17218000 -13572000 -1452000 -78000 120253000 157126000 1029925000 978533000 116929000 154054000 27668000 40719000 84723000 107543000 3324000 3072000 1146854000 1132587000 1025301000 1018262000 1042823000 0 926838000 115985000 0 992692000 0 887559000 104822000 311000 10016000 8107000 111537000 106218000 98722000 0 98722000 147551000 0 147551000 468604000 523584000 -8812000 139115000 -3997000 207437000 6683000 -134306000 2293000 -204471000 -2129000 4809000 -1704000 2966000 0 45743000 0 10419000 0 5246000 0 3066000 -8669000 -7776000 -893000 0 1425000 0 -591000 2016000 7769000 30276000 4278000 60019000 1043000 -6291000 536000 -10294000 39000 -4836000 43000 -9381000 4000 -2983000 13298000 588000 -489000 1362000 -489000 1146000 -425000 1117000 25287000 0 2976000 0 0 0.0500 0.0500 0.0550 0.0550 0.0420 0.0420 0.0470 0.0470 0.0000 0.0400 0.0000 0.0414 0.0000 0.0400 0.0000 0.0414 0.0540 0.0540 0.0740 0.0740 0.0530 0.0530 0.0580 0.0580 0.0500 0.0500 0.0550 0.0550 0.0000 0.0733 0.0000 0.0775 0.0000 0.0708 0.0000 0.0750 0.0000 0.0666 0.0000 0.0700 0.0000 0.0400 0.0000 0.0379 0.0000 0.0400 0.0000 0.0415 0.0000 0.0400 0.0000 0.0414 45592000 450728000 59789000 503346000 12898000 123600000 68829000 561746000 13255000 125708000 3674000 30502000 771000 8595000 3595000 28603000 762000 9324000 1077000 498000 0 498000 1412000 514000 0 514000 0 0 2413000 8395000 2030000 1838000 0 2151000 -115000 398000 2844000 176000 3274000 209000 32000000 185000000 34000000 40000000 47000000 33000000 34000000 0 22894000 0 26848000 0 6912000 0 26955000 0 7018000 0 367322000 55415000 0 407600000 0 113814000 81997000 4777000 106164000 82736000 6006000 239293000 112892000 37451000 55415000 13187000 80059000 37451000 13187000 40189000 41808000 0 82457000 18930000 4777000 65126000 17610000 0 6006000 0 0 45515000 0 0 34544000 0 0 0 37451000 13187000 38649000 0 386467000 0 104475000 78390000 0 96454000 82109000 13999000 317917000 29901000 22351000 38649000 16298000 76866000 22351000 16298000 65361000 13029000 0 79582000 16872000 0 82109000 0 0 13999000 0 0 76866000 0 0 0 0 0 0 22351000 16298000 1270000 8446000 -526000 -5052000 0 7760000 0 7760000 0 -4744000 0 -4744000 -59789000 -95746000 -12898000 -9786000 -68829000 -175279000 -13255000 -21233000 0.065 0.080 2607000 24788000 2775000 25491000 596000 5713000 3075000 26210000 570000 5616000 2600000 15302000 5783000 30077000 590000 6231000 6870000 21831000 490000 4009000 317552 317552 -1000 6000 0 0 436329000 523584000 371895000 386467000 925000 359000 0 0 473555000 561746000 374741000 386467000 -9522000 2999000 -13616000 1095000 0 0 0 -4095000 0 -185000 115000 -1124000 115000 0 0 0 0 0 0 0 0 1066000 0 1066000 1525000 5755000 1620000 7504000 34000 1470000 2348000 8050000 39000 1362000 0 0 0 0 0 -4974000 0 -4974000 when they reach age 55 and have attained 10 years of credited service 0 933000 0 0 0.41 0.45 15625000 16440000 16078000 108225000 112226000 120366000 7863000 -2887000 4039000 7863000 0 0 -2887000 0 0 4039000 0 0 -13406000 -546000 -12788000 -618000 0 -1000 -545000 0 19035000 8831000 10204000 3408000 9887000 5423000 317000 10171000 6569000 3602000 6569000 3166000 0 436000 8636000 1384000 0 8636000 1384000 0 0 5432000 0 3204000 0 0 1384000 0 24123000 19510000 4613000 19510000 3631000 0 982000 9015000 9015000 -13952000 -13952000 14780000 0 1887000 -278000 611000 0 -853000 -19000 21082000 0 -31830000 -6192000 -7284000 -3994000 -3290000 17257000 16306000 951000 P1Y P1Y P1Y 172424000 172424000 196612000 196612000 216368000 216368000 50236000 52937000 4.15 4.06 4.06 4.15 4.05 4.06 0.324 0.331 0.344 0.350 0.350 0.350 0.019 0.038 0.031 0.019 0.003 -0.002 0.012 0.022 0.023 6390000 0 6390000 0 0 8045000 0 8045000 0 0 -4828000 0 -4828000 0 0 62313000 83261000 29881000 2.9 8402000 8064000 7511000 854523000 885952000 1164802000 62455000 61743000 712000 48878000 48172000 706000 65334000 28072000 37262000 4167042000 4358091000 5014695000 438247000 385870000 52377000 467652000 409710000 57942000 511087000 447004000 64083000 0.25 2908000 6990000 4832000 200757000 168125000 25980000 6652000 294161000 238419000 36888000 18854000 72417000 73438000 87721000 1149366000 1011875000 108990000 28501000 1342247000 1176665000 121882000 43700000 18 96000000 96000000 96000000 96000000 96000000 23900000 -5776000 -2867000 -3390000 181132000 184849000 191654000 2807730000 137922000 1635413000 1034395000 2812746000 141213000 1635366000 1036167000 0 1831140000 981606000 0 3054618000 299079000 1720297000 1035242000 0 2073012000 981606000 0 241623000 156778000 84845000 0 1786690000 -10683000 865312000 415963000 516098000 1798517000 -19702000 874982000 684115000 259122000 1845223000 4835000 1139734000 561689000 138965000 11658000 17599000 4590000 712226000 729654000 706366000 18527000 -12490000 -5208000 730753000 -500573000 228534000 575368000 427424000 717164000 -373952000 287368000 596951000 206797000 701158000 -562078000 459764000 537084000 266388000 212981000 365994000 257762000 236615000 0 78105000 81230000 77280000 237682000 0 98375000 117469000 21838000 241414000 0 162934000 77340000 1140000 -34620000 84633000 72774000 -31521000 102625000 -9286000 4000000 46160000 204159000 48189000 -2683000 33443000 -2978000 -37917000 -29958000 47781000 1790644000 1844760000 2940010000 0 2496720000 440174000 3116000 3187007000 0 2751294000 435713000 0 65187000 69594000 81296000 -62394000 0 -21559000 -53264000 12429000 -67082000 0 -2795000 -67687000 3400000 -79792000 0 -2086000 -80675000 2969000 76500000 62100000 86600000 518243000 643517000 863579000 -19702000 700750000 0 182531000 961576000 -14865000 815030000 0 161411000 345336000 318059000 77594000 78344000 2793000 2512000 1504000 -1579439000 19451000 -1598890000 0 -2414249000 -774031000 -1640218000 0 55010000 57572000 56502000 8324585000 -6904863000 6803093000 7108957000 1317398000 9115226000 -10643056000 7127265000 7824662000 4806355000 482676000 0 167175000 234262000 81239000 616972000 0 191650000 323608000 101714000 2549546000 0 950767000 1582332000 16447000 3334868000 0 976858000 2337668000 20342000 1000000000 1304039000 1304039000 2070543000 2070543000 0 50000000 1648614000 1648614000 0 1648614000 0 2443514000 2443514000 777023000 1666491000 0 1304039000 0 0 1304039000 0 2020543000 0 0 2020543000 0 6200000 1022670000 1160307000 37100000 12292000 32529000 -788548000 0 64060000 -696683000 -155925000 -170419000 0 16214000 -146742000 -39891000 219626000 0 1935225000 -1687255000 -28344000 -788548000 -170419000 219626000 -104443000 0 -33523000 -8781000 -62139000 -192913000 0 -63268000 -76571000 -53074000 -1035864000 0 -864934000 -34226000 -136704000 -104443000 -192913000 -1035864000 713478000 0 -3783000 499197000 218064000 391562000 0 86169000 212428000 92965000 730929000 0 -1057036000 1622917000 165048000 713478000 391562000 730929000 494138000 -500573000 150429000 494138000 494138000 350144000 479482000 -373952000 188993000 479482000 479482000 184959000 459744000 -562078000 296830000 459744000 459744000 265248000 4600000 500000000 869107000 73158000 376000000 983381000 94424000 0 790909000 -10683000 230392000 235273000 335927000 784272000 -19702000 223330000 462861000 117783000 778283000 4835000 386263000 308426000 78759000 22445000 9561000 11929000 13889000 20577000 2017 2015 2013 to 2031 2019 0 0 2935000 0 2935000 109165000 104663000 66948000 0 1830000 50012000 15106000 134047000 0 62918000 59992000 11137000 -1510000 -765000 -425000 0 1334000 925000 359000 0 0 -4607000 -13397000 -9615000 -389000 -4815000 -68322000 -12313000 -12313000 -5928000 -5928000 -48329000 -48329000 3248000 13713000 7769000 13533000 4163000 82125000 5691000 4076000 24808000 6302000 0 -33717000 -5914000 424000 424000 4006000 4006000 -25248000 -25248000 -210000 -2296000 14383000 173000 -5932000 104000 -2032000 -69000 1092000 45926000 45926000 24773000 24773000 -14785000 -14785000 45926000 24773000 -14785000 0 0 0 0 0 0 530827000 503692000 372124000 3971000 1015000 38766000 0 0 0 2494000 3128000 9430000 3128000 9430000 -30201000 4162000 2124000 1167000 2652000 2652000 1359000 1359000 742000 742000 72623000 93938000 44173000 105253000 0 748637000 2238000 0 -15522000 151000 17609000 -26000 0 -423000 -1338000 1735000 2667000 -1398511000 -3605000 1404340000 443000 -10319000 -626000 2173000 59789000 59789000 0 68829000 68829000 0 738000 0 32000 706000 0 126000 0 120000 43000 -37000 20398000 0 16903000 0 3495000 5569000 0 0 5569000 0 389135000 0 0 389135000 0 315780000 0 0 315780000 0 166224000 0 0 166224000 0 194024000 0 0 194024000 0 213667000 0 0 213667000 0 0 75637000 0 0 75637000 0 0 0 0 737255000 0 737255000 0 0 0 0 35874000 0 35874000 0 0 136983000 26328000 52198000 58457000 0 33511000 41148000 62324000 180080000 31953000 59910000 88217000 0 67592000 59072000 53416000 274244000 27797000 86903000 159544000 0 87645000 52994000 133605000 0 0 27728000 0 27728000 4436000 16779000 2576000 16779000 771000 4629000 11428000 2165000 11428000 762000 6123000 6000000 6000000 0 0 0 0 19554000 0 0 19554000 0 0 9268000 0 9268000 0 0 0 400000000 0 0 400000000 0 748560000 0 0 748560000 0 748600000 1832000 0 -561000 2393000 0 8215000 0 475000 7740000 0 -2313000 0 0 -2313000 0 13519000 0 0 13519000 0 57100000 0 0 57100000 0 18600000 0 0 18600000 0 205000 0 20000 0 185000 5830000 0 4444000 1081000 305000 4039000 0 3475000 168000 396000 6413000 0 0 6413000 0 14525000 0 0 14525000 0 2826000 0 0 2826000 0 1524472000 1853131000 867882000 0 369042000 193321000 305519000 1096089000 0 486572000 220354000 389163000 20 40 7 5 3 5 3 3 350000000 0 0 0 350000000 0 0 275000000 0 0 275000000 0 10000000 0 0 10000000 0 0 20963000 20981000 21931000 188800000 850 0.70 0 0 0 0 0 0 1089000 1089000 0 0 0 0 10198000 10198000 0 0 0 0 8778000 8778000 0 0 0 0 5711000 1139000 3870000 279000 16000 407000 101957000 36010000 53569000 992000 5194000 6192000 81141000 20364000 34195000 2930000 10689000 12963000 752000 50000 0 279000 16000 407000 30739000 18361000 0 992000 5194000 6192000 40336000 13754000 0 2930000 10689000 12963000 866933000 961207000 4605289000 900131000 1700458000 2004700000 -5693547000 3723605000 3675770000 2899461000 4825743000 941831000 1930869000 1953043000 -5620644000 3759833000 3880940000 2805614000 5525782000 1133589000 2297737000 2094456000 -4147088000 3822370000 4302743000 1547757000 878221000 863114000 892683000 400000000 380039000 400000000 24000000 100000000 400000000 397906000 400000000 24000000 100000000 25949000 24044000 21711000 P4Y 4 years 0 12985 190010 504580 125360 303863 99455 152180 57.37 44.63 77.53 58.32 76.37 78.32 125360 1157266 99455 990990 77.53 49.39 76.37 55.95 0 430831 16273000 17680000 22663000 0.00 52.60 7311613 4675000 196925 124841 41.18 42.18 5876000 13355000 2644000 4939931000 4547921000 -4830000 29606000 -57270000 424504000 5326320000 4575127000 -4069000 29780000 -20581000 746063000 5292363000 4396592000 -3334000 28543000 3629000 -6904863000 5685151000 5292363000 866933000 1219712000 5163386000 4261171000 -2572000 27571000 -83991000 -10643056000 5958757000 5163386000 961207000 4684299000 -761000 -761000 -735000 -735000 -762000 -762000 819512 885393 349023 72084 29789000 29584000 205000 40053000 39832000 221000 25460000 25373000 87000 14432043 18320450 122483 5832423 4236430 5569000 5383000 31000 155000 389135000 225677000 1458000 162000000 315780000 165619000 1059000 149102000 15322000 20261000 23977000 271000 0 31000 287000 1792000 1704000 5237000 3617000 4106000 2103000 3985000 1874000 13939000 16410000 5556000 146000 252000 119081445 118276086 113313567 118951434 118165751 113263951 1040274 1156389 1051274 EX-101.SCH 11 sjm-20120430.xsd XBRL TAXONOMY EXTENSION SCHEMA 0603 - Disclosure - Equity Method Investment (Details Textual) link:presentationLink link:calculationLink link:definitionLink 0203 - Disclosure - Equity Method Investment link:presentationLink link:calculationLink link:definitionLink 0215 - Disclosure - Accumulated Other Comprehensive (Loss) Income link:presentationLink link:calculationLink link:definitionLink 0141 - Statement - Statements of Consolidated Shareholders' Equity (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 0140 - Statement - Statements of Consolidated Shareholders' Equity link:presentationLink link:calculationLink link:definitionLink 06072 - Disclosure - Goodwill and Other Intangible Assets (Details Textual) link:presentationLink link:calculationLink link:definitionLink 06071 - Disclosure - Goodwill and Other Intangible Assets (Details 1) link:presentationLink link:calculationLink link:definitionLink 0515 - Disclosure - Accumulated Other Comprehensive Income Loss (Tables) link:presentationLink link:calculationLink link:definitionLink 0615 - Disclosure - Accumulated Other Comprehensive Income (Loss) (Details) link:presentationLink link:calculationLink link:definitionLink 06146 - Disclosure - Income Taxes (Details Textual) link:presentationLink link:calculationLink link:definitionLink 06145 - Disclosure - Income Taxes (Details 5) link:presentationLink link:calculationLink link:definitionLink 06144 - Disclosure - Income Taxes (Details 4) link:presentationLink link:calculationLink link:definitionLink 06143 - Disclosure - Income Taxes (Details 3) link:presentationLink link:calculationLink link:definitionLink 06142 - Disclosure - Income Taxes (Details 2) link:presentationLink link:calculationLink link:definitionLink 0514 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 06141 - Disclosure - Income Taxes (Details 1) link:presentationLink link:calculationLink link:definitionLink 06092 - Disclosure - Share-Based Payments (Details 2) link:presentationLink link:calculationLink link:definitionLink 06091 - Disclosure - Share-Based Payments (Details 1) link:presentationLink link:calculationLink link:definitionLink 06088 - Disclosure - Pensions and Other Postretirement Benefits (Details 8) link:presentationLink link:calculationLink link:definitionLink 06087 - Disclosure - Pensions and Other Postretirement Benefits (Details 7) link:presentationLink link:calculationLink link:definitionLink 06086 - Disclosure - Pensions and Other Postretirement Benefits (Details 6) link:presentationLink link:calculationLink link:definitionLink 06085 - Disclosure - Pensions and Other Postretirement Benefits (Details 5) link:presentationLink link:calculationLink link:definitionLink 06084 - Disclosure - Pensions and Other Postretirement Benefits (Details 4) link:presentationLink link:calculationLink link:definitionLink 06083 - Disclosure - Pensions and Other Postretirement Benefits (Details 3) link:presentationLink link:calculationLink link:definitionLink 06082 - Disclosure - Pensions and Other Postretirement Benefits (Details 2) link:presentationLink link:calculationLink link:definitionLink 06081 - Disclosure - Pensions and Other Postretirement Benefits (Details 1) link:presentationLink link:calculationLink link:definitionLink 0607 - Disclosure - Goodwill and Other Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 0507 - Disclosure - Goodwill and Other Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 06052 - Disclosure - Reportable Segments (Details 2) link:presentationLink link:calculationLink link:definitionLink 06051 - Disclosure - Reportable Segments (Details 1) link:presentationLink link:calculationLink link:definitionLink 06011 - Disclosure - Accounting Policies (Details Textual) link:presentationLink link:calculationLink link:definitionLink 0501 - Disclosure - Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 0601 - Disclosure - Accounting Policies (Details) link:presentationLink link:calculationLink link:definitionLink 0401 - Disclosure - Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 0207 - Disclosure - Goodwill and Other Intangible Assets link:presentationLink link:calculationLink link:definitionLink 0201 - Disclosure - Accounting Policies link:presentationLink link:calculationLink link:definitionLink 0121 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 06131 - Disclosure - Other Financial Instruments and Fair Value Measurements (Details 1) link:presentationLink link:calculationLink link:definitionLink 06022 - Disclosure - Acquisitions (Details Textual) link:presentationLink link:calculationLink link:definitionLink 06021 - Disclosure - Acquisitions (Details 1) link:presentationLink link:calculationLink link:definitionLink 0602 - Disclosure - Acquisitions (Details) link:presentationLink link:calculationLink link:definitionLink 0502 - Disclosure - Acquisitions (Tables) link:presentationLink link:calculationLink link:definitionLink 0202 - Disclosure - Acquisitions link:presentationLink link:calculationLink link:definitionLink 0606 - Disclosure - Earnings per Share (Details) link:presentationLink link:calculationLink link:definitionLink 06163 - Disclosure - Guarantor and Non-Guarantor Financial Information (Details Textual) link:presentationLink link:calculationLink link:definitionLink 06162 - Disclosure - Guarantor and Non-Guarantor Financial Information (Details 2) link:presentationLink link:calculationLink link:definitionLink 06161 - Disclosure - Guarantor and Non-Guarantor Financial Information (Details 1) link:presentationLink link:calculationLink link:definitionLink 0616 - Disclosure - Guarantor and Non-Guarantor Financial Information (Details) link:presentationLink link:calculationLink link:definitionLink 0516 - Disclosure - Guarantor and Non-Guarantor Financial Information (Tables) link:presentationLink link:calculationLink link:definitionLink 0216 - Disclosure - Guarantor and Non-Guarantor Financial Information link:presentationLink link:calculationLink link:definitionLink 06053 - Disclosure - Reportable Segments (Details Textual) link:presentationLink link:calculationLink link:definitionLink 06132 - Disclosure - Other Financial Instruments and Fair Value Measurements (Details Textual) link:presentationLink link:calculationLink link:definitionLink 0402 - Disclosure - Recently Issued Accounting Standards (Policies) link:presentationLink link:calculationLink link:definitionLink 0617 - Disclosure - Common Shares (Details) link:presentationLink link:calculationLink link:definitionLink 06041 - Disclosure - Restructuring (Details Textual) link:presentationLink link:calculationLink link:definitionLink 06093 - Disclosure - Share-Based Payments (Details Textual) link:presentationLink link:calculationLink link:definitionLink 06089 - Disclosure - Pensions and Other Postretirement Benefits (Details Textual) link:presentationLink link:calculationLink link:definitionLink 0211 - Disclosure - Contingencies link:presentationLink link:calculationLink link:definitionLink 0509 - Disclosure - Share-Based Payments (Tables) link:presentationLink link:calculationLink link:definitionLink 0613 - Disclosure - Other Financial Instruments and Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 0513 - Disclosure - Other Financial Instruments and Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 0608 - Disclosure - Pensions and Other Postretirement Benefits (Details) link:presentationLink link:calculationLink link:definitionLink 0508 - Disclosure - Pensions and Other Postretirement Benefits (Tables) link:presentationLink link:calculationLink link:definitionLink 0610 - Disclosure - Debt and Financing Arrangements (Details) link:presentationLink link:calculationLink link:definitionLink 0510 - Disclosure - Debt and Financing Arrangements (Tables) link:presentationLink link:calculationLink link:definitionLink 0614 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 0506 - Disclosure - Earnings per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 0504 - Disclosure - Restructuring (Tables) link:presentationLink link:calculationLink link:definitionLink 0604 - Disclosure - Restructuring (Details) link:presentationLink link:calculationLink link:definitionLink 0612 - Disclosure - Derivative Financial Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 0605 - Disclosure - Reportable Segments (Details) link:presentationLink link:calculationLink link:definitionLink 0609 - Disclosure - Share-Based Payments (Details) link:presentationLink link:calculationLink link:definitionLink 0512 - Disclosure - Derivative Financial Instruments (Tables) link:presentationLink link:calculationLink link:definitionLink 0505 - Disclosure - Reportable Segments (Tables) link:presentationLink link:calculationLink link:definitionLink 00 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 0214 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 0213 - Disclosure - Other Financial Instruments and Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 0212 - Disclosure - Derivative Financial Instruments link:presentationLink link:calculationLink link:definitionLink 0208 - Disclosure - Pensions and Other Postretirement Benefits link:presentationLink link:calculationLink link:definitionLink 0206 - Disclosure - Earnings per Share link:presentationLink link:calculationLink link:definitionLink 0210 - Disclosure - Debt and Financing Arrangements link:presentationLink link:calculationLink link:definitionLink 0205 - Disclosure - Reportable Segments link:presentationLink link:calculationLink link:definitionLink 0217 - Disclosure - Common Shares link:presentationLink link:calculationLink link:definitionLink 0209 - Disclosure - Share-Based Payments link:presentationLink link:calculationLink link:definitionLink 0204 - Disclosure - Restructuring link:presentationLink link:calculationLink link:definitionLink 0130 - Statement - Statements of Consolidated Cash Flows link:presentationLink link:calculationLink link:definitionLink 0110 - Statement - Statements of Consolidated Income link:presentationLink link:calculationLink link:definitionLink 0120 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 12 sjm-20120430_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 13 sjm-20120430_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 14 sjm-20120430_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 15 sjm-20120430_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 16 g318554ex13_pg001.jpg GRAPHIC begin 644 g318554ex13_pg001.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`N@+'`P$1``(1`0,1`?_$`/<``0`!!`,!`0`````` M```````)!@<("@$$!0,"`0$``04!`0$`````````````!P,$!08(`0()$``` M!@$"`@,)"0D*"@@$!P`!`@,$!08`$0<2""$3"3$R,Q05-3=W.$%182(TM39V MMK%B(V.S9+1U%G%2!D4)#)'1F)QAX\,&"PD0E529%1F<9H?&2 MHH.%IQ$``@$#`00$"`D)!`4)!@0'`0(#`!$$!2$Q$@9!(A,'46%Q,K)T-3:! ML4(S<[,4-`B1P5)B)4948G&/_:``P#`0`"$0,1`#\`W"-^N=&'VTKO,@U:URSQ]@V=I=.?1$D_ M9(LPG)W:XM/@SU5)%GQ8D*DBW$TMU M4@'>JL!=MQVBH%D^TEYN!EK',.=SGQE)M5%['QC1G&-X*MR"!RE(6+C56+D5 M(=1J=5-1HJH8%#F(H)^-,HYRL.^7O`^T39+YK\4I!50%"1L/T5*FZ6N"A.TD M&]P*AH<^K:X()\!WBJ,8<_/.+'.FSM/?RYN3M410 M(C(EAW[14HZZG=-7$6=)TMJ;OSZG#HZ>C,=%WJ]XD,BR+JN22HM9N!@?*"MB M?&=M6JZ.9P<#.$>!P8@@43\(``?$_>CS_`)!D,NJ9'\6/@:W"O5N3 MU>%1PG:;L+,1LO:OF3G#F:4L7S)>NO";6&SQ6`L=N\;?'5M'7,?O^]?M91WO M/N4O(L7BT@Q>'MTN"S-ZX3717<-!(Y*5L=9%RH0P$`I1*80TTS"R"NF4_6"''Q%`=>C+$Z]K;(T M;9>28W;B8&1[,U[\1%]IOMOOO5N=1U`J5,\I5FN1Q':=]SMW^.OPSW2W,CW3 MU\QW"NC)Y)'ZR1=M+)+(.7RG&)^L=K)NRJ.3\9A'4XB.HYY'KFM0R-+%EY*R M.;L1(X+>4WV_#7B:CGHQ=)Y0S;R':Y\NW;7LJ;X[PF:L&:>Y=U;(1K11BAXG M8Y9HJLW.[K',EI&:RR`!K7.QK`6(V@B]58]=UB-F89,Q9D93=B=C"QM<[#L&WHK]PO,'N; M!-HUJVF".TXM2'<-S2OCTD=1[`+2JD4^<"XD!!1PV3ESHZ`!4C()I$,00)T^ MXW-NMXJ)&D@8(4(XN)NLAOQ;63F#/6;:(?+1[DY#A"/%V M26H&9@W`5QXQZ\_!&H9^(!&*GY!(&].'K;:R7^]^N MNDN.90(LAKR<*@%K@*;'Y)L/DVV[:NU"=J1S;5"-&L,[/6IQC$-C0D3)VJI, MWUB39L%%&[)Y)/F[IN21F/%2$*LHL54JARB80$1$PY_&[\>?]/@^PQSPRQ1K MP(TL0:2RD@%F!'$]K7)O<[=^VLG#WA\RXL?V=9(W11PJ70%K#8"2"+M;?>]? MK_[KO.3J/_NJE=(!T?L#"Z!\(>[TX_\`7CO&_P"?QO\`["4_]1^:?^=B_P#M MK7D)=J/SEISP39]P8)9'5`#U]2E5X((Z2/%JEU*;5-\GU_&/&'XK_`-]Z MJLG:V)]MTIXN9!4XF3(XX)(@IE;%'A)U/5B(!\<3#TY?C MO][P1P]?#-KW_@^=?P];9;HM;QWJY'>7S.+7:#9>_P##W_W]'BM7H1_:Z\U[ M2/.T=DVVDW8(\",DYJ+A)P*IG'6&6<),IIJS,)$!%,H$2*'0`F`1U$:L/X@. M?8XC')]B>2VQC$0;WWD!P-VP6%5$[S.9%3A?[.S6WE/'TV8#=XJ^A>UVYKS_ M`!#I[6H:)C^%+39!0PG(41#XHV#A`5S!PB.FA==0#/1^('GT[",$;-_8M_\` MJ=-/_4WF0[#]G'^`_P#XJIE;M7N<95P=\1G+";&`\`@6PVCPW/BVG\CFDMQ"2$ M>+LUJZ,1VR7,.RC/%)6A;634B4&I2R_BUAC!,"2O$Z.M'MI95NHHZ1^('`9( MJ9OC`4W>YGH]M_TB"'L2_1Q=53^4L1\% M[;@:O$GVS5=9U^TE=[8N9NV,'L8A43Q3E>&K5D9+$`):0D_*?CTK7C,52&%% M#AI`L$G%CE\E2`EB51A\HF]RMN@;;^*KV[7]K3L3>'%(A[)$3-$F99N^->9"> MR*``VVY%A66T_O*T?,:&*=7AE8'M"Q`1++?8=[< M3;`+`[;FK?QO;(;5GE+FYF*%9&U;CRL&](8,A2S5-UK.6'2IOLL MH^]+3C)*TL,@@%A&!M=CTEODA?!UK^(U1<9VUU<,NZ"9V"GTFPO5_$3QEUC' M"Q(X$2BW\<3=0S'AF4GAML MO=!UK[[;+5:Q][$%SVN$X6^RT@.SHO==]_!LK&[<_M@=_;8D^C]NZK4-M&#E M*0:(R`E/TW3T.L?ME17*!50$2\13$[ MI!`)_P"YO+?,[OL*:8RMD\4H=I+\3/VKDM<^<#??NWCHJ3.1)FGY9@=RYEN_ M$6O/X.BLZ@->CI'_`'NCBE8`\P?.Q%[:T M[F0)&5VRQ=HV?BJ4Q@GTFQ0:EF[%N0A(HP,DSB9,J+I2NP[]EHNZ,F=%?A,0 MFHAD3\V]Y4.BZ=K(@AF3.TZ.%49E`XY,@,$8(UCV:,.LUB&V@5I6M\V1X&+G MB-)%R,58PI(MQ-+?A(!V\*D;3N/14$2?:0\W'C]EDE]T9(RTXY\?CF;=K&(Q M%:=CQHG0C(Y1@XZR(%DNH0&RJAN%8$EN/C3^-RVO?)S_`-K-,^<_%*W$H`4) M&=UE4J>IPDCA)WV:]Q4.CGOF;CDD;(;BK;H/38WN*I".Y^N<6 M-$YA*``%*?O0Y_R>T$N MJ9'\5`K6X5V*21P\*CA-R;E;$C83:OB3G#F:7BX\R7KJ`;6&P$G98"V\[1M- M6U<CF;&*Y*"`.B#H;'F7(?4LTSJ20W:O<%M]MNR_3:K`Z[K32"4Y>1V@)(/&VR^^VW9>J M5_M5W-%JHQ/N%=#LE9$)=5F:RRPMU)4%O&0D3)>-<(OO&?PG6]_QAKKKEC_/ M=;,9B.7DF(OQD=H]BU[\5K^=?;??>K?^8ZAPE.WEX"W%;B:U[WOOWWZ:_+'= M+.([<*Z,%Y%7KI!9G99=NJ]6$YCBJ[.D[(9PIQG,.IA$=1'W\\BUS6H M&9HYEU; M(QK0[)`6=CEFBJR!W2[O_35$'93/%"*N#`4Q]1*30H=`!ER>9^82BQKFY*JB MV%I'!(N3ML=IN38GHV55.KZIPJHR)@%%MC,.DG;8[=]>K'\QF^<,EI&;JO8-:YV-L%F&T5537=80LPR9B71E-V)V-:]KG8=F^OO!\Q&Y\` MWBV[272=!$.(=ZT5E0?22IG\":3\F/ES.9`Q55D$I4Z0ET!,Z2:13%$"=/UB M\W:WB*BQR!NS*$%N)CQ1\7"QNV\!B/`0%%ME>PZYJ,(4*P/"5(XKG:M[':=^ MVW@L!X*NHGSO\Q,G'VRI.+BBR@MTI9->_>1(&,:RTL9\U8Q#]Q%NU"F\AOG# M)J!@%GXN7Q@>,=!$N?_ M`+KO.3KK^U5*'N='[`PN@:?N"`]./_7CO&_Y_&_^PE/_`%(YI_YR+_[:UY#? MM1^\/FH3=L9T(_1[->'X@?[[U59.U MLYO2^*\3_;I3QIZL!`/C`(].7X[_>\$ M<-WPS:]_X/G>7K='BMXZN!WE\S[+M!LW_P`/?Y=OQ6KT&':Z``5]IWF\RK'PM]G9K;RAOY39@/[J_8=KOS8'`2F2VM0T3$0. M6G2"@F.0-2DT-8!`.N,&@CIH777/?_\`H'GTBUL$;-_8M_\`J=->_P#J;S(= M_P!G'^`__BJFE.U=YQCN3N"V>E)$.!`*U)18DS=("J]:8"=88ZPBH7X@B8YA M`G+B[2&W@[,6_MT5=:)[9 M7F":,$6TMMYM;,/DU60JR9$K'&BN@B^+[B;3(/2N1!SMNPJDB5L2.$J/5#$6J0DC'4>I*+:*^. M-T2&*'$3J1U*8,[IGXC\A3E-J^`&!VXZQ-;AV6X)6;>"=O&H%MHX>D9'$[U9 M1VQSL8&^V((;6_5(#Q6JCJKVR>[`3A0MNW]%/"/9@2&,P+-HC!P2QE` M37,";IT[EW[`5"F4`H)%7(F($*0QM0QV!^(O7_M7_B&)B_96D^3QC@0].PDN MR].X,!L`)JUQN]+4NV_Z5##V)?HXNJOY26(^"]N@U>@G;-5UI7;0#K;%S-VY MB_CF]2-%NG$-6K%'K)AY4DI,9/QZ5KYV*Q3=4WX7)ER'+\8@@8`V0?B-Q(\. M?CPC+J".HBX24CD4^Y M6W0-M_%5[ML.UHV(O#BEQ%CB9FBRTHRD%KQ(3SE@UJU26CH@[LAH^4.N=>PI MS$L4K1JD1))5H^8T44ZO#*P/:%B`B66^P_*XCL`L#TFK>1G;([6GD;F[F* M!8VU=8BP;T:-8F2(O?^&JWW6'7X@4 MX#`0I=!#4=0S'0?B4PR6^TZ5*%XC;AF4]7HO=!MOOMLM5I'WL07/;83@7-K2 M`[.B]U&WPUC3NCVOO,!<$'\9M]6:CMFP>(/V2;](KJRV1%%V!4V[I!Z^\6CV MDDU3`>`Y&QR@<^N@B4HAI>N?B#YMU!7ATF#'PHF#+Q"\D@!V`@M90PZ"%(N? M$*P&H=YVMY2M'A1Q8Z$$7VNUCN-S8`CR5,3V=TZM8>4/:=^]4FW$J#:P(33Z M?(\\>D9#A*4H"(F$,M M\K(7$QWR65W5%)LBEF-A>P47))Z`*I32B&)I2&(4$V4$DV\`&TFH6>Q**"4MXG#"_BZ:C*==H;S<+P$7#I;Q6=L\9';F>S9/ M)1G\F6/675C04XHL`1-U;HR;S01*^*FD*@:D$30K)WN\_OBICKJ,ZR*1=^KQ M-PD\/R=F\A^AP%N+C;H#<[\S-"L0RI`XM=MES;=T;-_6_2V7W5Y\=V@O.1&- MEVR.^UH\6%"BZI. MP)O=A&Q'D)38/%7Q'SMS3&I49DAN>D*3^4K5'2_.3S2S;!C&R&^=_%K'^4Q0 M\4E_)SDXR[GQM\9V\8)-W;PQU_!BJ8*NX<;6V;=U[5ZJN_.]2CMR\3W4OK11TJ\5.DQM,R MS:)^/BH+I%LU1>%1;MS@J)03*`%`O0&5VYJYD,C2#/RU9B?-E<#K;P`#8#Q" MJAUG5BQ<9,P)ON=@-N^POL%=M7F#WE6JM@^:_>.N*/58F4B$SR M,`M57OC<4,B"];7=OW2D/H^=+]6@`2!DBJ%T7(BDD4J@<`#E_B\^,ECP;2=G6M<=8`*`=E74/,FJ8Y)B9063@-Q?JW)X=I/AM??8`7V M5<1GSU+KZ[.U@H47-DB7L*D9-4KH MZYC+"!^@=1#,1]Z'.;G'E;+93IR#[.$1`HV+&1+?;(C)L(8G;MJ^7G#7F[)S M.0<5?X050`-@6S]+*5WWOMVU=9;M9><)1LW0)-4%NLB9057B5&9&7=@<1$I5 MTUG2K4@)!T%ZI,@C[HCF>;O[[PR@428@8;SV(N?+:"H`>$$ M=/9C;_?;\@%=$_:M\Y1TCIA;::0QTSD!4E!@^L3,8H@"I.(#)]801U#4HEU# MI`K-U@'X2:<'"8`'*6'WY=XN*A1\J&:]MLD M*$C;?85"[]VV^S=8U\P=XG-,*E3,DE_TD6XV^*V_=\55&KVM7-ZH942R.WB) M3O&[HA$Z4D)4$$%2**1R9E9!0YVKLI!(H8XF7`IAX#E'00O#W^=X+$V?#'6! M^9&P#>NUMQW&]SMV$57/>5S.?E0#:#\W_=OW'IZ?`17MJ]KYS5&(U!*/VM24 M3ZP70C5)(Q'`F.?JP`#6(13(FF)>X(")@[NG1ERWX@^>R%X4P0PW_P`)MO\` M^9X*JGO.YC(%AC@]/4.W_P":NDZ[7'FT<-CE16VS8KF$R8';TIPHHF40`P+E M%Y-.4!.!@X>$Q!#3ITRD_?\`\_.A"G"5O%"?R[7(^"U?+=YG,I78<<-]&?SL M17F1':R\WT<];N7TQ0YYJDJHHO'2%*9MD'9%%SK=4=Q%N6+U$J1#]63JSE$" M%#74=1&CC]_?>%#('EDQ98P;E6A`!VWM=2I'@%CN%4XN\GF>-PSM"ZWW&,"_ MP@@^*KP(=L[O7U:Q'6U.VXJ&A'C5!9H\L28ISZ@!XC,*).'3@IV#4?",P$#* M^XL7-A7\1W,MB'P,._9$`@R;'/FOM)ZHZ4Z?TA647O5U:Q#8T%^`C86\[H;: M3L'Z/3X:K:1[9NQAM?"LXC:YB;>'J2M[!-2;D0H954.'_P`RBXEJY\L+>4-! MU;*+I`WZ=%5.@,R+]$D$U\Z5VR%R.S?(W>CU)L[9,&CIF]:-Y] MQYQ.]+**$9<,08`$$!CQ'9=;`[.D@D[-QO5S'/;14 MXJU!*UV@G56[UJR5W,54F&R:M?=G5%)^TJ2'5<%A*BF7KDE7"C0#@8""`&`3 M9FG_`!(:>&Q.#3Y2C*#DW<7C-[,(A_I+#:"Q6][;]M7[=ZV*##PXKE2!VO6' M5/2$_2\()X?!5\5NUGY>C4Z[V]A%V1P:NR$%&5BLNU8F/M=V5E&I%)-\TAEG M9S143779P27754/UI?CI%-H(!L[=_G*)T[*U"*.8F%T6*,E%EF+"[,$)ZJ1G M8Q)-]Z@UF#WE:)]EFR460F-E"(>$/)<;2%OL"G823MWBK-..V7I$?0X=R;;. M2L&YCQF9:4B(>1/&TN)<*+.`1;GFIAH$PX<((E3ZXB;,Z8F,/`L(=S77_$9I MD.E1O]B>;6F6[(C<,*FYL.-QQD@6N`A'@:L4W>IB)AHWV=GSR-JJ;1J=NSB8 M<1(V7LMO`:IJ0[:R*&`<^2=A90EIZEL#,)*YLSU\7(D2%XHY.UB22(()J<8) M%*43'#A$QB](993?B4@^RM]GTJ3[=86XIAV=]E[V3BMOL!M.R]JMW[V(^Q/9 MX3?:+"UW'#?IO87\E89WCM&-_=_K52ZS8CL:MMZ;<.HRLO5]O(]_Y4DXYG-1 MIC1;J3.NXE91J!BF."!`3!90X%.!@`H!'&J=\'-?->?C8685@TG[9$SQ8ZMQ M,H=>J6N68;^J+7)L;[*U7,YYUK6LB''GX8\+MT9DB!N0&&PF_$1XA:YWUM-> M,$\5\:ZM?@\7\8ZKJ%/&>#J^LZOQ;AZ[K].C@TXN+HTUSN;C'!VEC:U[6V_D MWW\5=$W'#Q;;6^'\E:9_,/S,[C1FYCA8IQ&"B7X+1`\ M`'%=@H9F?A)MQ,6M>UTIBE,4IW<\I M3%*8I799$04>LTW77@U.[:DV^U]MO';=XZ^DL7`:_#<7MOM?;;Q^"ML3LVHJ,B>6X$(-_99""#7AXSML'(!M\F^\ M@=-STUGYDKUNE,4IBE=9ZL9LS=N"\(F;MEUB@;42B9)(Z@<0%Z1+J7ITZ<^) M&*1LXWA2?R"OESPJ6\`K3(Y@^8_%>&@A9 M]='/WR#EOY&(N5X`@Z.55,G"("7I#-KY.Y6?G#56TB'(CQIQCO*K2`E#P6NK M,"."]_.-P/!69T+1FUW-.#'*D4HB9P6'5/#;83<<-[[]ODJX-:Y/[=9$-N6P M65A7K-<+CO#5+;!6>&?Q3?:U/8EHC([CSMDF$W3KR@SBF+I$R23=N55=0XIE MT$`$V6P^[W4,U,-!,D.=D9&7%*DJ,HQ1A`-D/(]SQ!5(L%6[$V'CO5F:YN`"+`"Y.RO5KW*/#WV1VN>[;[V0UOV\W-W%DM MI#W=:AV2O/J;N$RKB]H8QECJ$J^*^-#V"(0,LS?HN3$%,#"HF0Q1)E?#[O\` M'U67!ET;4X\C2,W,;%[8P21M#D+&9562)FXN"1!='#$6O<`BU58.68LU\=\# M+27!R)S#VG9LI20*7`9";\++M5@=V\7V50VX7+1-;853=:>M=F9H2^U>Z%5V MV5@FL.YI76!LGCQ&AJY.UJ)6>(B*!C<(I%UU4'@Q>K\F9.B8& M?E9\RC(PW"-YV6>=H$NGXV3-DR`2XV0D7 M"%)#B12Z2*][<+(I8;/!X=G:K7+Y324K;NY[O[ZUS9Q/=PDJ\V\C'=-LER5< MP$1+*P2ULMKV$<-&M1KKN8041;G/XRLJ5,RO5@0!$*F%REIPTW#U+F'5(=.7 M4.(XZF&28F-&*&65D($49<$*3Q$@<5K5]8^B8HQ(,O5,R/%&5Q&(%&>ZJ>'C MUJ\3;OEPMFY.T6\.\$++12,3M,4AT89S-^.:P#3=G]!&1(^_817F!H63GZ7DZK$RB/&%^$^=)87?@^C M4AF\1%72V^Y/&NXL!LPK%[R0L?>M^X"]S.WU&D:':3MEW6WCR383T7-7%@Y= MQ4,51U$J`W=*H]41ZQB::T&HQIJFJQ3OCPM!+8G'+*ZO,I M*IM0\+$6.PFU9'"Y77.AQ#'E(N9FI(T<9C>UXB0P9P2%V@V)%O#:L*1`0$0, M&ABB)3!J4VABB(&#B*(E-H(=T!$!]S(UV].^M3IBE,]I3%*8I3/*4Q2F*5WH MM-JK)QJ3XSHK)618I/3,4RJO2M%'21')F21_B*NRH"84BCT&/H`]&58`C3HL MO%V1=;VVFUQ>PZ3;=XZ^XPID4/?@XA>V^U]MO'X/'6V;V<<8PB^62'1B'UB? MPW[:[BIPZUD="N\/&-+A*LVBQ&N@I17C:;?K5FR9C)D]9W9*5;C3%*8I6)7.]O38M@>72X[BU4C`\VV<0T&T-("^(1#]HY!* M'.Y:JQZB3A"1;%=<;=342$6*43`(`(9H'>;S)FM:YNU:?1="ESL8+VP*J+WV<1X;BVVXOL/AK4*G[58K2>-4L M4NZECQ$<$5&BY%,`:,?&G+XZ*1$DTTP,X?O5EU3B`J++*F.7G9F M<4;,D:0QIPK>VQ;EK"UM[$L3O))))-\N'2RL=ZJ;GK#:#:K_`$Y( MGF(E+@A;KP[RW$M@3T#QC;>U;K_B"G[+>3/')7KO('B/C_CQO+G6>3O%_&_* M75\?E7B^/U_#KUWQM/R;[!V/%)Q=CP\7%U[\-K\5O.Z>*V_;:NL>`_9 MNSNU^"U[];=:]_#X_#MK1GF%$UI1\JB@DU2.N)DVZ'6=2B7A*'`GURBRO#J& MOQC&'I[N?F%D,K3LR@*I.X;A^4D_WUR'*09&(%A?=X*\W*-4Z8I3%*8I3%*8 MI3%*8I3%*8I3%*8I3%*8I3%*8I3%*8I3%*8I3%*8I3%*8I7W:N%6;IJ\;G%- MPSJQ5@R^<#< M>45MT]GQ( MQA`@%#7/T`[I=1?5N2H=3E`$L^1DN0+G:T\A.^YW[KG=:NF>234203;)'?.3)MT>LZI$HJFT(GUJBJG"'WQC#\.?EYD$- M.Y4!5XSL&X;?'>N/Y3>5B``.([*\W*-4Z_/&0>@#EUUX=.(.[[W=[N+BEQ3B M+T_&+\7OND/B_N^]BXI7`*$$HG`Y!('=,!@X0_=-KIBXM>^RO+C?T5SQ%T`W M$7A'30=0T'7N:#W!UQ<6OT5[<5SQ%UX>(.+37AU#73W].[IBXW4K@%"&'0IR M&'W@,`C_`(@'`(.ZE.,G%P\9>+N,I>^Q*42WE'@24M$@FRBBE,J/5',L=0@8\3+8+OV$DFWEK+Z-G8V!+.V3VA67$EB M'``2&D6P)N1L&_9MK*TO/E$RAMB):ST:0F+)5(3=NJ[]KL'\?')[G1NZ5.KF MW[ZT0CH#+*L;HO`5MNY>J.42HKR*7%J)53F+O?\`ZIX\YTK(SL5Y,R"++BSB MK*OVE,UXVW?,OL7LL?:>2*W9E]N:;O4YWSO4_;FE,:W6R3[2EOZ95 M*M!0<7-&@(^'B63XYW+I9X99PLH)RI%*`$RVTCG3E?ELZ?I^E1Y\FCXVI'-G MDE$(FD<0M#%$B*_9JBJQ+,7NQ-PH`M5+!U_1]*.-BX:Y+8,66>];$DLT*2'H-1VT>;<[FTFP3 M&-(C M%+&S,W"R-PB.Q8CJJ1;<`=W[H7.M7-NEMFJW!0#AYM?"M;V\WXBYFC;?OK/> M+)N@]E3WT]3FU'9G,!%2L(Y9Q:::+B.T:,2=810-"![I7>5AZ.VFX>+"6T2) M9SG*\$#2S29);M^R>]XT9"D0"M'U4%P=U>X7-D&"<6")"=/02'(#1QEY&F+= MIP->ZAE*IL*[%%P=U$G#2CYS"I2E54CXLX-WS/5%B45`5#0N>Z5WB:5R^VFZ7I,,C(VH@;AS#:ESPT7+>#RWRSDZAC8V,N0DH)2,2 MI-*TB7,;LUU5N!AL#;3TVJPR^82FE8VE:3-DQ11"57!X5#K(Y9=JL3<`\)W` M_P!U89@8@`.AB`4GQ1T$``NG0`#[A=,CFX'D%:KLH)B@7B$Q0+IKQ"(`70>X M.H]&F+BU^BO;T`Y!TT.4>(-2Z&`=0]\.GI#%Q7EQ3C*("8#%$`[HZAH&G=U' M70-,7%>WH8Y"Z<1BEU[G$8`U_]7C)!A)-3"1U&OF<@U.`B42.63A-T@8#% M$#%X54@'4.D/*^D^5 M^DW-Z@@W>6B2,;49`%DGER'(%]A:>0G?<]/23LM73?)>2V9R]%E.`'D>5C;PF1C69>2-6 MU4Q2F*5'?VI:B:7)Q>A5037`U@I)"E5ZS0BA[(Q*18O5J)CUB)AXBZB)=0Z0 M$.C(A[\B!W=95P#_`!H=_1_$&W9X*T?O$('*TUQ?KQ^D*U1LX/KG"F*4Q2F* M4Q2F*4Q2F*4Q2F*4Q2F*4Q2F*4Q2F*4Q2F*4Q2F*4Q2F*4Q2F*4Q2KN;)7F1 MHMZ:*L$TE4[4BA2I))95=%,8^=F8@3JB+=5(3&;KM$S@4VI!`!U`>YFPJ*T(!$X$+`DCJNZ;=A&X@;]GAK)Z3F28>8"FZ0=F?(S+\5JW:^C@_R=.' M_L::?Q?^K/TMZ*ZTZ*TA-YFKUENK?&DD#,'R$\J1R$>Q4C&/6>+-AU:1ZRJZ MK1$2B&A!.8=>G7IS\S>8TEBUW*CFX>U$IOPKPKN&Y220/%82K"F*4Q2F*4Q2F*4Q2F*5DARF4S;_<'?.NU3="%?3U'>5^ M_P`I-LHN5D(>432JM%L%M3=1KR.705,\3/!6ZE2#?J6L=AOMK/UD!*;.P5AKYKK#[G\V5=HE9W":V2RQ;>]\O]^H3*WT^ MP1[*/?-V#.8(,P"2ZJ10,F[8*('`=%.*0,;D/0L6?3L7,B^TX^;K\<$FU(36V[YH)2]0S*.GMQ:S6V$[.*0 MZTA)1%HAXEP,VF$?\++,B@-*BAFX;E75> M+JW`)()&S;9*WQFP"_,M!TA>N2>T&TE;W'>4+4E4G=6 ME#."R7C"@BS<)#,+[JQ.3'HIU],1D;%TR.SW+VSW.?/)..?2+R0DH2 MT5&LMGKF105%`5Q62X$$^$0S9]1Y(7/UW2M(TW`AQL?.RI%&3C939>/-`A5B MRLS,R2Q1AVD4\-[K91:LOEUFW2MB@;1`/*W0).=5@9]RS>M MY49"'ME:JP.^QJXGY=P,;F$XSPR?RR7!DGC1RRNI2,MPL00UU=2""= MQ\E60Y5-LMO]Q=O.8"QVNG52SV#;R/VSDZI^V>Z\CM+4FQK;:'$#,,YVR)2< M>P23*S`JK0%3E55@ZQR)HNDZSI&K9F?C8\^7AIC-%VV4V+$.UD*. M'D#*H%MJW-RU@#MK$VVY]LCI[9!;F,=1%U@-N86'8!#.=D)ELM%PV[3N2 MED)%8SQ`X3@J MF46<2'C;CV!5"G?64T_3-&SDD.'C1Y&8,APT!RBLBQ*HX3CL++,2P8\1XME@ M!TU&JH4Q%%$S$.F9-11,R2I1(JD8AS%,DJ0P`8BJ9@X3`(`(&`>23DN>)W+)'G.%6WF M@HC&QZ;DD^(WJ?>ZZ1GT"1&:ZKDL`/T054[_`!FYJ6C)\J2J8I3%*ZST!%F[ M`NG$+9<`X@XBZBD?34H"`B&ON9\2_-M;?PGXJ^7\P^0UI![NMGC/=&_-9`&H M/4+1)IN08LE(YGUH*@)A:L55%E&J(Z_%()S"'OY^9G,"21ZYEI-P]J)VOPCA M%[]"DFP\5ZY(U-634)E>W$)#>PL/@'15NC!J40'700$!T$0'I#3H$-!`4OF0W=V\.G4Z\^BMW96%W!0:[5W>?9,F!5+P@TVU MDFLB1F\,Y#B2'B`QBG,-5^6L31ABP3PXN9EX&@:CEX_\*-ERV2<#%F5N6U^^N_\_MCMDZW7VEVRVZC]OG26T58CJ])PENW/F(RV;MOJ*E#)4FRS M569"6,3D",!;-2`452BJ%A-KVGX6.L!&)&L;)+DNLN M4T`00R/$/X8D"<*BW$+@FL)A9DF5IV9K4V/CG4L;'B$9[%`I5Y6#S&/A[-V0 M=0-PV'2+BKZT.'VK9VK;+F`W;V[ID?$37)S.;A;YTUC386+@'[V2W;B=K:Q> M8VIJ,?)=9EK-%299!,S!%J4RK43I`4#GXMHTK'T*//PN;-?P\9,>3EU\C-A6 M%%1F;*3&CG6+AX8WD1A("@476ZVN;YC"BTYE13X3(]..[T)<2'(RM+TX8I1/LKR11Z>D38 MP,*-Q_;(P.(2NX!5A8EPHL5JTYO>%)9L/%$/"O8LR)BJAB!13Q=NH%P[,`0= MAXK#=52[0V;9VC?+C MC90L:2A+QLG'8.TB$<0-R%M5SIF1I>'H6GY.I?9QCM)D"1#CB2295(`57"W0 MKQ><74[1M-K53F[$Y7HGEZV=:U-I1D+3>N6.2GC;?$Y<(*V66=;)VFX1B][4 MW?B6+23KDL MCCM95,_VM%#1O%$ERQN/X99[\1JWU*:"/0\5<80C(FT\MV?V579AQN.T[90" MC(BWN;CJW:]ZO!S-0%!3VAWW?-8C;.PNZ[M]RQ&CZ;2=H*U3KALY8MP*Y7IV M1W2G[Y&Q<.[GZU9U3KMSH-1>-TUWZ2*P(@&H;%SKBZ4O+VJ2QQX4TD.)IO## M#B1Q2XDD\<;MDR3JJ&2.0W4JO&H9U5N&LIS!#A?RO,=5QW:.#$LD<"(\#2*K M&9I`%+(^T6'$`6`-JQ*VZD1VGY3&^\5(IM-LNX=GYBG6W%BL%OHT!N*G6*E$ M4B.GX2ML(:RQLM&Q)[G*O5A5226&/([*)(5D2-4D5U3MG8W:W$P'"#6M8+_P`MY:&J8D44F=)G&)F>-9>! M%C#*@5@P7M&)N;7(%@:O$::=T6J\L<[4=C]LWTUS*;L;F+;QP$QM/#V5,TRV MW6;5=+9.#96..DI2@Q$%771C),F9VSU,RH+W5H5?K"8 M)V"A@3&JJ=BK9MM[[*N8IRW[9S=+W^V`J$9!!>+[S';XQO+1-NV\<:08?V#M M:-*2=)):UDAESQ4HQEY)CP'<&2%9GQ"'&(B.:/)VBY.FZKRIIZ1?S/*UC-73 MG(7B7["(&:'M2./A97D2Q8BZ7WUD#H6GS8N;HN*J?:YL[(&*Q`N/LXC)CX_. ML0S+OM=?#7NV*I[,RN[W*=;Z16*=([>[/: M02-Q!KJH;,[/5>M;_1K"+J]B-S5T#=#>'EI15BH1_(T/;RG;2&W-:OHYPHU6 MDH*27M5G-!$2042+P0BHZ"(:A\+RYR]A86K0Q1P3?SW$R/CYJ(L-^SL+?-FJ;J M->K*>]O+SRPH;74"3V(W,Y>ZG;+=8W=#A'5LL#BU;;3%KL^[2>Z#A@I9XAW5 M[`W`J`MGJ+-F1MU(I_'RST_$PAS+I')*X.(_*V;I$4LLA@0RR&7&>63*&25, MBF*067A<(@7AMMJAC0P#5L'E]<>!M&R,%'=C&I=B\3.\W;$<:E&&RS!5M:VV MJLV6VZVPW.-R303*LTHFZE8I]+W.FC.*U6_$-[MGY+;D14_%GC!CYRS M4^'A&4L@LLFHY59&>&*;K4^,+_EO1]$UO_=G%CAQOY[!CPY+WCCX%Y(41)5)!8H9"#Q"]7.DX.GZA_*(4CB_F,<4*4,+69T55 M<$@DKQ=(K`WE[L]%@=QMY+!N)'J1S56MV9K#[ELMK8;90 MLS8Y'`4VF,=7J%QPB]K:;HF1APYV5/G+PKV;A91"LJP,T@`D,1'#P_(&S86% MA65=YH%>;;;JA-O6DA!U)FVAK%3W MFX#.OM7,J@@HV21>$5,5,"+#Q;WJFDX::-KB/*QL($-'/"[! MDB4))$9Q&C2JI4!PQ`LQOLF9A0+@ZBNJ28T77PRLT6.""LB,050!60R!07`( M`:^RQKV9#;O;U3F8A+U)H;8GVCV4Y5]FMQG:]I@X3;7;Z^WFZU%)I16]P9-X MM5LR5OUPE?*#E)RDZ6*BU42'B*0`"YET?2#SI%JDXPO]W]-T+#R"943'@GGF MB`@$H"D*9Y6[1@P8V4KM`JH^#@G7TS)!C_RS$TZ"4EU6*.221+1AP`;=HYXB M"";`CHKIPFVU)VKW0YU6K&;VSA=O5=L:#N]LYN1;]N(C=FJUBJ;C[@5X:_/0 M\0[@YI=]'-H^QNHC5NGU6J0**%T2`2TL;1M,T+6^98XI,*+2#A09>)D38Z94 M4<61/'V;HA1RRA9&BZHMLN?-V?,6!B:=J&K*CXZ8)QXYH)7B69$261>%E4JU MP`Y39LV7.ZJIF8W;NFW_`)Y4UH2B[:1^WU'Y>7#*Y/\`8ZF[B0Z5AEI>)AYS M&;R,;'UO=!"0%1LW:+`V11<%7,4%"&*6_R8=(T[5>:`T6+A18F+@%9F MPH."'&(0\V- M;60?FIS.U12*+Q!L4ATS*O"\&A3@(0KJ$#ZMS)+'(V+B&9^(-(APX.'@!1^S M(;L1*H#JMB+N+;"*T#*B;-U5T8PP<;7!9>PCMPW5N';P!Q9@-UVV;ZIB_P"W MW[`+Q:'[>[8WKRFDZ5Z[;2W?M8WC?%3H$ZJ75\G1WB2SGK]42Z'XRD./1ITV M6K:3_*61?M6%E<8)OCR]J%M;8YX5X2;[-][&K;-POL3*O;8\W$#\T_&!;]+8 M+7Z/#MJWN8BK*MG/L?Y-V]Y6I1FYDCNT8GJ5$1!(^AA*(!ID9][R2OR!G"+AXN$$W7BV`[;`$6-MQZ#M MM6I<\*[+[+[?A\!Z*U#R]Z'[@?4IBE,4K(SE6V>2WLWCB*W*P\[.5"O0]@OU]C:TBZ6GI"HU".4?NH2%(S,1T M,U9Y(S6+9@F8J@N'A1*("&H;AR+R\O,O,4>%/'++I\,F[5D\ARS;74??3 MF(VKLK>KR]N@2U68Y[U6W//+#CRG<6"\<[5MT#5GC9LV9*NV MI'#\%NL$PIB4-W7DK0],YHUC0U>]6>7W M:F36N,'$[%I6/=J"W.N4;=^7*U;\/*GNY0J%&P<<\JQ=IQ1=,8?=*1?J&=NU M7:QGO6)%1321,!^LRZPN4M!G;(QJV/HFG2&6&+#$FI)D2"3%?(*31QA04[':!*3M)8\5Q8`;;U0E MFVRV6IFP>T6X4GM759%Y==FS6>S/7',*^J6XJ-P"V3-2;.JIMA+/79Y^),I% MIKN2)-#$`ZBZ9!3!'HQ>;HG+>G)=@)L.D@6M7M2% M9Y.?)W+')V;:N7VQJV__`)?FIZX(;L6V9-MW"U+=AY5CM7:$HW-%CTC[(\.!#B0S"4K+CY39>-D*K*%,3LS,K(+B120 M3Q*>%1LK#F#V+1XT<,TIGE*8I3%*8I3K5$!!=$XIK(""R2A>^352$%$U"^\9,Y0$/A#/>)DZZ M[&&T>44N1M&\5NJA-O\`_AH_:/RXJ,I_88,U^TGBP]=X_P#L$+[RUXGPZ]:# MC\/U>FNO1IGZ2_:I?]R_MG:GM_Y7Q]I;;Q=AQ<=O#?K6KJ_MG_D';\?\3['Q M<=NGL[\5O+MM6O)VK6U9F8OAXUNQKVY;&'?0ZR#MDJ9^[A:_#QDX[58H MJF?,C&D4Q*)EB%*J8-2".HZ$'B'6%M MHV]%0AWCZ;)B\P/FE0(,A5*[1M*J`QMO&WP[^BHQ2=@`\M79VWM&X>Q=E9;G M1E*ZPR<;8*^R?W.K3KJIKH6F(D*U*@W=HKQ3-XX=1+QT@D=-R8-#G,0!,4#% MS^C9VK\KYJZW!C7(22,--$YB(E1HVL05!)4LH(8[R1M`(R6!D9VCSC4(XODL MH+HQ3KJ5-CL!)!(&WR5!A:?&F1B:3F]OCA ME+=G*ZR%4)XU)06=T3H8':1U:R&GZSK(@QL?%598,*?M(@03PNP8@><"5%F9 M5\(.T[JI5]S*SCJPT2TQ&WFS%3>T'<)?=*/2J5*8\)XI>N6< M`J"J\04&^S::MGUZ9IX"?MAP1D!I-AN_6)8`@$"X`^&J(8[F61?>- M/=IA"UQ[<7E]4NA*Z6"4E*P_L4K**/EHP:TNZ=K/8V1?NSE%H*IS'ZSA*/&Z%B;VX"3<$GS;]-JNT;FZO<=#OZK6J3M)0ZLK5=PZHC6*A49.*90I]S6 M[".OMEC'#BR/9IO;I>.BD&8NE'*I&[4@HI)$(V5B7GYT*KO%% M$G+BWDSM;$B5_#3%?<=>0H$*B@T4,H4`$3'RI@-KVJ:[][JU&&L=N'!U5#KM2=9U?`4;J3FK7M/QIL.;2=-CTZ>%(GB^S-V?!CR= MH+A9;W62969V8DDQB]K"JSZSJ6-$\$F%B+BR1JC)V1X.&)^,;GO<-("6)OM7 M;:U4ZPYQ+E&23.P,-M-@FUF@)M[8*)9F^VI&\EMO)NX:'@>.FIMYQ*+218-8 M1NHV3?MWY4'7&L'QSF$;2+O#U&"9:Q>0:R4PI*.4$ M74DLR:NIR963`5U4&?C*)7LJ]$/C%1!T])UB@AH!E`$>CIS1U2;(,CH&=E4N MYWD"XNS>*["Y\=:\JR2EF4%B`6;Q"^TGX3M\M=#*5?%,4IBE,]I3/*4Q2F>T MIBE;%O8MM7Z>SV\+Q8#>3G6Y;!)@(J`8@KM:PP!_PIZB9,0%9/41`.+W-=,Z M_P#PW1RCE[49&^9;-4+MZ1$O%LZ-X\M3EW4JXTO*8_-G(%O*$%_S5,YG1U2K M3%*8I3%*U6^U)VKE:-S/66X+1K>/@=S"1\W!G0=L5O'C,(6)CIAZHS;JG>,3 MJRZ*H#UY2`H8.(FH#T<+=^.A9&E\[3:BR!,3-X72Q4\7"BJ[$`W6[@^* MYT[P].DP^89,HJ%AR+,NT;;*H8V&T=:^_?T5&R(`8!*(:@("`@/N@/0(?X0R M&M]:'5VG>_&\[]J\9/=SK7&G@R\A)L)"N.P=@85))*QF M_54W-UW&]K6JE'J6H1/#)'/*LF.MHR&-T!WA?`/%NZ-U5$;F%WU/>4]RS;N7 MX;ZC&'A$;1^T#L)!*#4,)U()-,!!B2"44$3F9`CXJ8X\8IB;IR\/-W-!U0:T M=0R_YJ$X!+VAX@GZ'Z/!T\%N&^VU]M5_YWK!S/YA]IF^VA>'CXC?A_1\'#^K M:W3:O+E]ZMWI]>[.9S,X_)L1,"OQ@M%1PJ&%! ML7@11$=2%#0,H9',G,&6V2^5FY$CYB*DY9R>U1?-1[[U7Y*BP'0*IRZMJ#BT2=9OE2)O"$HTH\SMW#2%PFUMQ6[Z+C_% M8BF,(!=0[Q#QUJFY0!%(QU>$@[#J>F=X.KN=!S=8@SKSM'/%]KXA"^.C3.<@ M,JV2%8V)=>-0R\*DM85D\O$YGS6.FY&?'D7D*2)V]Q&T2EV[4$"RQA22PX@" M+"YV5::>VIW?;>_[4;14%3=N'9UZ_NIFMQE>FK*_JKU:MQYJ\U> M,I]Y92`@X9N4VJQSND%#:D.!R8'*T+F#(T=L<:EAY>@Z?B'+18YR\:QO(T1, M:]F")#)U61@I)92=AN,;-INIRX)B^UP3Z;BP]LH60LH5G*'@'""&+["I`.T' M<;U=&GU?G3NS3:K9^I[UJR$7N_L[-V2B4I"^OF\4KMG#H.(F2KK]`T&FWB^O M*T=M`9"84EC-5BF/IPBIG-.P>\C4X\#E[`U,O!J&G/)!")V"G&0%&C8<`"WL MR\%['A8$[KY'%Q^:\M<;2\;+XH\K%9XX^T('9+U2IZMAN9>'<;&YW7MDDQYH MK;M;N;S,NMPIAQ680C?8[.X1J%4E(L8[JI:L-%YQL"B8J'% ML!1^*7@*&858N>-0T/-YU?,D.%$!A9+-(1(4)0=DR\-GC!=;BYX?`+"L>$YA MR=.R.8&GD5 M&\[FPFVUW?F>254L,,YLE>E(Z.5B&S6=>L((IWG$GP.FJ1_P9N,>',GIW+?> M#RX^I1Z!F".;#QHI\E,>9N)HI$,D;*I0!V5+OLLR@[#?95YBZ3S/I39:Z;.% MD@A2258I#+Q"]\O]@EFJ9X*>DI%%5H91N"LDY6()`$X:"/SI.'W@X3"#2=4 M['&S<+^82RC*98DA*(RLR.ZL%#(Y(;M`5X[;2#<5B\I]3TZ3'QQF*\:?Q(GBD+(G&2&8&P*L3 M?BN.*VT[ZO)9MM^;'8>K6RMQV\]<4@=H`%M?Z7MSN@UF7^VD7N*HV:OY6?K@ M1S20;04^:32)(.&Y7(`54I5P`.@-CS=&Y]Y6P9\*'4H3B:?LGAQ\D.V,N18, MTD?"&"2<0$C+Q;"`UJRN1@\NE9I%"DU:]>Y!W)0-5W:36GZO3ZD4\*1->+G/*2R MRR"9DDTQ44!00U$!M)F%(^I^ M&UQFYS3EO!Q8-3,?+^IY#XT4/;N%#!@)%=0O\./B=>(*2IXP>$W-J4)U]=*Q MX8\LKIF7*T2)VC``@@,&%NJEV%P"0>(;#MJZK387FD3EFDA_Q";704[RZ*+5 M..=.]Z2P\EM*R+;5]M2,T5DX,BE:@Y"U$/'H]<*:2W&*FG4J=8;.Q\J\\#(6 M7^;X,65HY,2DYG`V*.U.-8$)_#1I;QCBL#>_FMTDF0[*$6,2*=_%=EV`FU[+!TS7\+*C;3ITCER('D+K)91 M"K==I68<(4,/';;<>S);;--V83<2-YC6$U?V%D;;EGFMOMXGFW M0-4)9(UA`@@!KW_=SG[6?G%^7_M>KYLCZ;-DG$>!Y#V@DQ1Q<$D M94`"&XX>L>'B`&\@8[.DUUM+[?.R&;$DF,+1LQXN.';PLMM@2XMMV7%NFK9K M[\;T.81>M.=SK>XK[FI,J"XAEI/K(]:D1O7>3ZFH@9(2C`,3.5#)-N\3.<3` M`&Z$`RMC-4XCP@[!?9 M52+7M:@`$.5,H"*FQOD+?A7]E;FPZ+U;2UVVT7JP25LN<_*VBS3!T%96>FW: MCZ4D%&S5!BV,Z=*?'5%!DU32)[A4TRE#H`,PV=GYNJ9;Y^HRR3YLA!9W/$S6 M`47)WV``'B`%6&3DY&9.V3E.TF0]KLQN38`"Y\0`'DJGLM*H4Q2MD#L8VK]+ M8G$!T'2O#BY. M3?[/&\G#:_""QZQX5%AMNQV`#:3NJI'#++?LE9K6O8$[S8;NDG8!O-?&4BI6 M"="QG(J3@WQ2)JF934<\B7@)*Z]4J+600;N`35X1X3<.AM!T'HSR>"?%?LLJ M-XI;7X74H;'<;,`;'HKR2.2%N"961_`P*G\AL:NU!V;\ M3&D1\[;'S!89KR4U?N;A6&$#--9-`(]A-.H)5PJF9%4KH&8E/TIZ!GL;-UC1 MM$R\5(%3`U%85>5E/'PAC+$J.&'"KE"Q!!#<%CYM9*'(SL#3YX5C"XV4L89R M.MP@ET"L"+!BI)V&_#XJKI=-H[)&]4V5F'2T-07 M,P\JKEY)HVIC)*2$>K/O`,$@J`!>#F3(:%,?)Q\2>)(DC':(6/#&6*$GC!N M.)ND`@V(M85[[;G'W:6DW=^?4[:JR7R'LDS;87=:6V]%W:=OIBVH-(M,\`^: M2;6"9,V#>.20B$'[1VFS%(.J`3:B-TG>)K[3MJLN/@3:I',\J938]Y8'E`4= MFP8(%4*%B5U8);J[:K+S3J9D.8\6-)FK(SK,8[O&SV'5((4```(&!"VV5Y$= MS&WVS5ZNTAIM=M!99*F[9VJBUNR.Z.[E[O"4]>+GY*U/V4F_LBK/RJBA(R,B M=T+4QT%U%%4BE$``+>+G#5RO$65D:\DHGXF*N#=G('"1+`CU)4R`0.@;3F+6-2S8X-,R M\6#!P,-Y1'!#&8XUD9@)VZS.S.64*Q+FW"%%JH:IGY>0L>'-#'CXT#.%CC4J MH8L.T.TL68D`$EC:UA:K'<1>GXQ>@!$>D.@`[HC\`>[FL7%8BNXJP?(L6$FJ MT73CI11\E'/C$'Q5ZK&';IR"3=8-2J*,C.DNL+W2]841Z#!E1HI5B2=E(AS:]CT&V^WDN+^6NIE.OFF*4Q2F*4Q2F*4SV ME?A3H3/K^\-K_P#I'/#N-#NK<#:1DV3L_P`T0J4_[0#RD/6(%%<@J>4C[1KH MHAXR!Q)Q"L8OQN+0.[KGZ$QPY([I^P8'[5_N^1OV\7V0@;?+TUT\LFL1>TUY:HRR0U@W?KUHC8"XS%7:P]CC[+8FT7#2-/V\0EKI*.H MMFY*N\D+"J6/:-DT&Q2DX0`Y]-3&&/\`OJY,AS,>;F##G2+49(`DBR2!4:+' M#3,5!N6D/"JA5L.D]-:QW@:!'D1/J<$BIE-&%8,P"E(KR$@':6V`6'E-:W`# MJ`#H(:@`Z#T"&ON#\.<;5!%Q\5'$,LT,U,HLX?T:!AVLRODA MHRTJ8YC60(^25ZBJMC&DD:W*@G<+A`QJPZE@1$<<@:4%"SK&5#<+2D=4`;55 ME%R!?<+A;UUG.YFSD568Y&MFBW=B@:;>X>#=3>WR3QSXS,4>IM*:G*G*Z/?&>QYW$HR(J M8IVRX=>J0MGDZMHKZEIF3&4$4$RF8)%:/@4Q;0C('+,%V7B2KP\$;@R`)9>$<&Y2H:YLW$MW6^U3M('A7.\T.8VX4JT6W@4Y-C5-L4 MF#EE3`C921MD5*6DEU>R%A-'IO#G\@/6#%FE1I>V9I.$'YLHHN0K`;BP)-'+S,.7!^SQA.T$<5B([$NI M?M"6M?S2HWV(&Z]S5P97=;;"1;HE=OXN1!:I1,)')%VX!D_J[F*V$L-`F1F) MD[%9_8G%JN[N-404(LNDV;L2./\`1C)D2S+3Z[HDRCM&1[XZ(H^SV:,K@R0/ MQOPEI#+,8RI!8*J!^H0%J]EU+3Y%'&5:\04?PK%",=HVXFM=B\A6VT@!>+JV M`KO2.[.SK]PH:7<+6.),\=.'40K6)`%G[9:T;!OUFS==ZW23:+O8*AS:!C=: MD`@8B1S`5?HJS:_R[*Y.0QFQ^(DIV378&7!8@%@+$I!,IVCH4FSU]/J6EN?X MI,D=R2.`W(+XYL+[B5CD&\>`FS5UHS=G;&*%EY0<5.T3Q)K;XDO;C[1LV;-Y M766X=FD[(,3`'@D&[9_'[>23>,4.JT*=V0XI)<9VR#@/B#7M$@*]L<>?*[2# MCE^R@`QC(D:3AC*`!EQV6,DJ"P/"MRBO7D>I:?%;C,\7BG<4U=06W.YL6X9QL$,%'RC2U6&2<^5X MM"87MSRVS;2I"IP*P?',2`\:A MS*974D+(Z,%,A5"+5\C,T\P<,94,D$H("\((:(HN\<7&787`9E8`O92+5AWD M>5J],4IBE,4IBE,4IBE,4K9.['*4BAV%N4$W@91A+(7Q[-2,ZOQK15@0D&K= MBR"/<%3*BW<1!8LR*[81%0NI51^*J4`[+_#M/`>5@BUB-_3TU+WG0=2=3%*8I M3%*AF[3SEKC9>*LV\5=L\="6F=KS%.V1=CL3:-C)&J;:-7\XZ7@H]$&Y+$\(L-GAWUKG`.H`.@AJ&N M@]T/@'X/3L&ACJE22*910Q0*`:CE;'CAFR(XLF3LL=G4.]BW`I(#-PBY;A% MS8;3:U?<2QO*J2MP1%@&:Q/""=IL-IL-MAOJ3:\\S.Q^Z$/NMM,]68;;;>U2 M:VFD^7F_5>-W%?V]Y_90NTJ\0[=1+Y1W%5V4-MOXT7B1:11!D5"'4ZX0%0)J MU3G7EC7,?/T"0KA:3!)BM@3Q+D-*?LI$2$HUUC;[/Q"X6(=H06XMIJ0,S7]( MU"+)TUB(,*-X3C2()2Y[&R*2#<*>RON"=8@F^^N]/[][82$I3)9YS%P[G>^# MN]ME(#FCI.P\K5IF,H)J++Q<)5=YH92N,C[CO+?956A)($8YX5LS%P(JJB?0 MU7+YJT26;&R)-8C/,T65*R:G#@O$ZP=@ZI%F)V8^T&:0J)+1OPIQ]9KU]S:U MI[R12MG*=729RN7'CE&$?9L%2=>$=J7>P:RM9>+:;U3<]O1R]3TK>*FO8ZU7 M)#=GEO2VXW)WHV]VEFJQMS*;KQNX\9/';*7(69)/LP"R!.S01R.J`ENL M$L*H3:MHDTDV,9(T?)P.REGCA9(C,)0ZMV0`:W"H5F"@D[>&U?%GS`[6;?$0 M';_<=R_M6S7)^[V:VQNAZA9HEK;]TY[<9Q=):2A&*K-P^@X*,B5U62+B3\5. MX46`PD*3B$/B/FW0M)`_E.8S9VGPP9<-BJ\+'BRI95FD.P;`".`$[+`6N*XM?-)0JY:M^MQ= MJ]S$%;9,0?*J7)HC89+9B.C8V]0-*P\_5=8T+-!SY8M+^S@Q3`2-AJJSH]T`"N%*V:P=6MX:9/,6%!D9 MN=IV0#DNF'V0*..(P`"16NM@&`(V[&!M7SN?,-RW75[;]O:])R^VNV&YW*O0 M]LF4PM69>;+M->ZENA8-SVE7DH]FD67FJ>T6E_)YWD>1P((E3,0BG"80^=2Y MNY-U*3(TC$>3#T/-T*#&5S&[_99XLF3)$3*!QO$"_9EXPVSA(!L:\R];T'+> M7!@9L?3LC3HX@W`S=C(DK2A"!UF0<7#Q*#LML-8A;\.-EW$QM/#;2.JJHTA= MO*Y%[FW2N52W5F)L6XOEA^2P6,(NRD4GG#%*'39F**;=,3FZT2)\1N`(^YI? MEQ\C`QN7V@,<6'&N3-'%+&DF1QMVDG#)_$*A`AV*+GBLMS8:SK#:49<:+3#' MPI`HE=$=5:7B/$]GZQ'#P[AX;#HK*7>'>O8E.XH#9;-;YBP(-$G1XU&KCXDWCT7*JIU0,;@TS>>8N9>5QJ/,&L M:5FG*R=:Q1C1Q]A+&(5TZ;?[=; MC2"!B;15@D;:224>P@O'F8J/"B1MJ`]9T".@=(7&MZ_REK1U['74EABU%]-, M+MCY##_HD7#+Q*J<0V[%\/BK[U#4]$SSJ40RPB938A1C%*1_!2SW`6XV[O#5 MO8*S\N#^I;8[>/-[)6L1'+SS!72_PMAF-L;/)N-UJ%87U+E47$+'P/C)JY:` M=U,Z)64EU"/5KD.98!*8H8C%S>3I<#!TB34Y(,?2-7FG21\:1CE02-"P*+'? MLY;Q$<$EA9@2VPBK.')T)\;'P6RVCBPLV216:)R9HV,9NH6_"]TMPO8;0;U2 MJN]6WUG:\_L[(2BE;DN8A]'R6W5<>Q4L_>/^HW>'<)5K(OXMD[BHQ8D.V(AJ MX6(07*H``]64QPL&YDTG-CYLRI9##-J[*V/&RLQ:V7]H(9E!53P`+UB!Q'P` MFK8ZMA9"ZU,[&.3.(,2D$D_QNUL2`0.J+;3O/@VU<:O[Z;,-JEM[MU-7-XC# M67DSLW+G?;)$5:PNG&VUPDMQ7.X<)+K1KEDP5M%?36^@UC2 M5QH,&:4B*32GQI'5&)BVH1M>'JG#E^Y;MRG4*QF=E6YN1M`O]8FJZ3@ M1X^G1Y/'%!#EEIN"0`R9$?`JHMN.R["6(%S>U6NYA^8.E;T[&;3-D4%F&\I+ MW9;;O6V38+(1$Y9E*95Z4G?HYT5$C$7-U8U=L[?($-UA)$RYS%`#@8V$YNYM MTWF3E?`104YC&5)+F#A(1Y##%")U-K7F6)6=1M$G&;;=N/US6\35M'QE`*ZK MVS/.+65GX$C[0'=>0("PW\7$;;:PDR,ZU*F*4Q2F*4SVE;,'8^2D4?EUL$&U M@92-DV5ZDY:3F7('6B[$6433;,UHUR"944E(U.+%NNVU,HF)2J&'14N=H_AZ MG@/*$N,D3I.N4SLYVK)Q6`*G<"H7A9=XL#N85/G=?+$=#>%499!,26.YK[!8 M^*UB-XW]-2TY/E273%*8I7R613<(JMUB\:*Z2B*I-3%XTU2B0Y>(HE,'$4PA MJ`@.?+*'4HWFD6/PUX0&!4[C6JGV@O+@QV(M,4E5[3'2U';R4C"QL2\L#62N M#&P3IW-ZFRO8INF*\=$,6DRT01,X4%90.`^@@;7.%.]KDZ+E;/1<&=)-,5V1 M4,@:59'O.]U&U44.H'$;G8>FN<^=M"31\E1CR*V(&*A2P+AFO(UU&Y0&4"^T M[#4<^0]6BTQ2F*4Q2F*4Q2F*5DAL+G#MLF3LQ%J6%.Q%RQBB M,P?A4;6*ET-AMZ=P)&=T;+@Q1VDS(J!Q,Z#A# M%SD55#F.->`HAC8JA1,L(K=5KJAFC!X02=I4BUZJ_P`PTM@`&*(.$JO"2%*K M.%#;#<`NHV7/@W7KB7W:VF+8&W[+LZBWKCBX[D6)XA+[=N&BR;*=J=7:U!EY M0CXB2E8@8RQ%EG#<&A7J$>]4(L=%PCP%!D:_H`RU^PKCC#.3D2,'QR#PO%$( MEXE1F3AD[5EX.-8W(8JZV%>2ZEIHG'V<1"`RRL0T1&QD0(+A25LW&1;B"MM( M86JD*7>]J8B_W:4ESE?U*1W1H=@A$)^GM7RTE4H6PSCFQ(R,=!Q39BP!]"OB M)JMFZ34K@#_%3(<@`3':;JFA8^K9,^1UM/?.@D0/$&+1)(YD#*B!5XD8`JH7 MBOL`(V6V+F:=%FS22;<9LF-EXD!NBLQ:X4`"ZFQ``OX`1LZ,)N13F^Y&W%R? M&AFA6&V<]!7#Q&CD)"H6N0A]P8.-*M66#>.0FXMJRFHI)8Z8&%5LB('%4Y#` M>GC:SIR:SAZC+V:A,*1)>&'J"5DG1;QJ%#J%>($B]U%CQ$&_Q#GXJY\&4_`` MN.RO:/J\9651U``&`#("1O`VWMMJE;MK6BG'DC[1?M1A="ZP< M`D=L3LBX"J.%7EL.$@&P[0J"Q%7#9^!V;+Q#M3&REA'P\;&#@+64"P+]%ANX MB`2:]J4W5VGD9R2E69I%<"0RNW$T7%U#,SE2"#M="!?HL5)`-ZZ2.Z^T!C1S M=O"TZ-BXF.ICZ,CI;;QT^,I8&%GNKB6;6.6BV1I=X$=4I*,8$<(JJ('%$JH) M.54S]9277N7R45(\=((TA95?'+?Q%DF+B1E7C/#$T:!@2IL&X78&_P`#4M,/ M"%2)8U6,@&(GK!Y"P8@<1LA1;@VV7LQ!O;O=RR5"7JL>WJ[\[Y%[N;;;$Q(Y M18-W[*)&B[:5]T9PVCXN#*BUD[)$//%5%631R[0:`NLD"ISZXC7\S3\C`1,% MBRMFRR+<*&"=AC1FX54L&D1^$E%9U7C90Q-6.ISXTN.JX[74Y#L+V!"]G$IN M`%V%E:Q*J6`XB+DUCUFHUA*8I3%*8I3%*8I3%*_:12G52(=,RI#JID.D54J! ME2&4*4R15C`8J)E"B)0.("!1'4>YGH`)`(N"=U[7\5^CRT&TV.T?D_OKQDL4U%=$4;6`6$337K)U62G43`YGBQ&1VR*X$X5>(JA0 MX3!GZ-0Y6+/R"48@TMOX!N).%(2ICV])L5#6V[&&PUU3'-#)RUVRQ.(/ ML;?PSL:RH04\NRP/3OJ,3MA]PG<8OM_2&1U&RCBF61^NL`'X7+&QV&!BGK,@ M^)KH@;J($>,3*H'X%-"B<#&*,)?B'U=X&Q-,CNK'&D8G;M$DD:D;B-R;;E38 M[+W(J/N]#.:,PX:["8G/E#LJD;O`OA&P[+U`)G*-0O3%*8I3%*8I3%*8I3%* M8I3%*8I3%*8I3%*8I3%*8I3%*8I3%*8I3%*8I3%*8I4_?8M7)XY@]YZ$M,RJ MS.'D*_9V,"LW!2&8FFDGC!Y(,'O6B9L]>*1A"N$.`"J`0B@"(@;.K_PW:C(^ M+J6E-)(8XWCD5".H.,%2RF^PGA`9;;;`CIJ:.ZC*=H M@FVT=.PU.=G3]2_3%*8I3%*@;[8?<%TSF:316ACH">COGCI7@/\`Z4SL5ICR M.6J1_$EDBE*:I)"I^'0.("``!P$0SEC\0^K/'DXVEQFU\5B3X1)*MP.J1_HA M?K*?+4-]Z&:RRQ8:[/X))\89QLW?J"^T?#4#6;PRZ(GB683+1XU6>Q[OKC>+NG:D8!7"'`4#\!#@(CQ:=9_ANSF?`U M+3C)(5CEC<(1U!Q@@LIOL)X>LMMM@?#4U=U&06QLO%+,0KJW"?-'$"+@]!-M MH\AJ<'.FZEVF*4Q2F*5J`<]&X+B]PO=T*W9'(_>AJ[ZIS9ED;(5RIK#P$,(R3U1M*QKTL+; MCT5S#SAFMF:U.=T8FDL/(>'P#H0=)\M8:Y'-:M3%*8I3%*8I3%*8I3%*8I3% M*8I3%*8I3%*8I3%*8I3%*8I3%*8I3%*8I3%*X$-0$/?`0P:5M<;?7=W/]F/) MW$9V>?/6O*[N0/EMX46D^DYKM*LS`%"+@X.*KI@I'<*#D%`%4$RJ"(&$=.[] M)U.3+[DWU$RRM(NAY'7.R0&.&1=]]I7AZK7VV!WUT=A9;3=W[97&Y<:=+UCL M:ZQN-]]XML-]MKU&SVQASK[R5(3-TQ)'T&N-$7::PE5)Y1FKL\<-G2`+Z+%5 M-'I'2,9/XG5FT-TB&0W^(@EN8H+@63$C`(/Z3S$@B^V_""+C98[=M:'WHW;5 M8KC8L*`'RM(2"+^(6V=%0W9SI46TQ2F*4Q2F>TIGE*8I3%*8I3%*8I3%*8I3 M%*8I3%*8I3%*8I3%*8I3/:4SRE,4IBE3+=B[,@VWEW@@3.$B!*[;1CAZ>C/PWY/!S'J&(2!VF$K6Z24D`V'Q! MS<=-_%4I]U,O#JN5#?SL<&W[+V_>_M:MC/.PJG2F*4Q2F*5K8]L$4IBE,4IBE,4IBE,4IBE,4IBE,4IBE,4IBE,4IBE,]I3/*4Q2F*5-3V+, MUU.YN]=>%PD4)"CUV7(V,G^&6/%SJ[,54UN(``B))30Q-!$1.`ZAIT])?AMR M>'6]3Q+BSXL;VZ3PN1>_BXMH\?BJ5^ZB6VH9<%Q9H5:WD:WYZV(,Z\J<*8I3 M%*8I6DOOV8ZN[=W=*-TVRLA89R46(@N*S9161G)1T9PU#KW!$$5P.`@F4P%* M/^241$,_-+FHEM?R790K/,[&QN"6=C<;38'P='@KDS623J4S,+%G8^+:Q.S: M=GBJSV:]6+IBE,4IGM*"(!W1`/W<\I3N]S%*8I3%*XU#WP_QXN*5SBE,4IJ` M=T=,4IJ`]SIQ2F*4Q2N-0]\/\>+BE2\C[3W`YBW!,>F:BFSHLDQL?'8[_'4[\OR]MW9SB]^#$RE\EEDV?W MUAOVQ3T@[[59@5FB8W]GM<-W36K]Z+_P#C$:6'S"F^V_G/ MLMN/AOT?#4/^<]U&%[O^/3_#GM*XSRE,4KML&#R4>M8Z.;*O'[Y1885+2L;`#>2>@5](CR.(T!+L;`#I- M5#-T2YUIF61L%:E8AB9=-J5V]0*FB9PJ50Z:(&!0WX0Y$C"`>\48^K:F*55<'1;C9FBC^O5N4F M623@S51TQ0*HB1R0B:AD3&,<@@H5-4HB&G<$,R&+I>HYL9EPX9)(P;$J+B_@ MJYBP\J=>."-G0&UQX:I]^P>Q;UU&R359D_8K';O&C@O"LV73[])4H"(%.77I MZ^.?:(\CB.,$R,0`!TD[`/A->JK.P51= MB;`>,U5,SM_=ZZQ/)SM6EXF.35204>/$"IH$67-P(IF,"AAXE#]`=&7V3I&I MX<1GRH)(X00+D;+G=5S+A9D"=I-&ZQ@[R-E4?F.JUIBE51`TFW6ANNZKM=DY MELU6!NX68(E5317,F"H)'$3DT.*9@'3WAR^Q-,U#.0R8<+R(IL2HO8[[?DJX MAQ,G(!:!&90;$BO&E(N1A7[F+EV2\=(LSE3=,G)0(NW.=,BI2J%`3``BFH4W M=[@Y;SP38TK09"E)EW@[QT_%5*2.2%S'*"L@W@]%=#*-?%?1))1=5)!$AE5E MU4T$4B!J=198Y4TDRA[ICG,`!\(Y]*I9@JB[$V'E.ZO0"2`-YJKY?;J]P#!> M4FZI,Q<UK[]DD9 MV?G\527W6R!=>F39UL8^78ZG96RWG:%3Y3%*8I3%*UG^U^>D-S$1C`K-$3$H MU6=*R(++E7`>NL:9(\6HG\653`I^MZT"\91,!-=!TSBW\0D@_P![TB"B_P!E MB/%#NCGM*XSRE,4KWJQ77]MGHVN19FQ'\JLH@V,\5.BV*=-NLY-UJJ:2QR%ZM M$=-"CTZ9=X.'+J&4F'!PB60V%S8;`3M-CX/!5;'@?)F6".W&QV7W;KU65[VD MM&W<>QDIY>'5;R#TS%`(UXX7\[1XD MFRS&4=N$<+$F]K[;@5=9FF9."@DF*<+&PL;]%_`*M?F#K'TQ2KP4W9*X7J"1 ML,*X@DV"[ITT(5^^F\L:CJF*,O&:(1% MB.LQ!N#8[.$UE,72,K,A$\)3@)(VD@[/@-6MDX]>)DI&*="F9S&/G<>X,B83 MHBNR<*-EA2.8I#'3%1(>$1`!$/<#,#/$V/,\#VXT8J;;KJ;&WY*QTB&.1HV\ MY6(/E!M71RE7Q7L5Z#>66M>WT2WF9 MU>%5:.7Z<N'*P.%45URB8BS)L4$^!N;4>(1UTZ,RVJ3A1B68IPDVV$G;8GP#P5:K,!6.IBE7:I.S-MOT*:= MA'$(DR*^<1XED7SENXZ]L1$Z@@FDQYF&R<>3$R9,66W:1N5-MHN-AMXJL)HFA ME:%[<:L0;;KBO+RA5.O2AHIS.R\9"LA1*\EG[:.:F<',F@5=VJ5%(5CE(H8B M8',&H@4P@'N97QH'RLA,:*W:2.%%]UR;"_BJI%&TTJPI;C9@!?=+4/>S-:GRUJ&E8OVO* M,1BX@O58DW-[;"H\%7^7I.5A1=M,4X+@;"2=OP"K29KU8RF*4Q2F*4Q2I@>Q MED$V^_FYL><[4BDEM64Z)%=0=*BQL\8HH5H/<$"%7U4#WM!]S.A?PY3!.:\V M$E;O@[+[SPRKN_+M^"I/[JY`NM9";+MC?#L<;OSULD9V34\4Q2F*4Q2M(7>A MX1]NE=UDV2+%,ECFFY$T%W"Q%BH2SX@/1!R@W%4\F"HH M^,)GZL5`(7BTTUT#-[Y)Q,7*.3]JBCDX0EN)0;7XKVOX:V+E^"&8S=LBM;AM M<`VW^&J$W_BXR'W'=,8B/91;(L)"JE:,&R31L555%455`11*1,#J"&IATU', M3S;!!C:TT6.BI'V2&R@`7(-]@JSUJ..+/*1*%3@78!8;JLKFM5B:X'N&Z=.@ M?N?!BE2)7^ETYGMA97[2JUYJ^0J9G"#QO$,4G2+CQ5`W7I+D1!0BO$(CQ`.N MN3!JVFZ='H<\L<$*RC'N"$4$&PV@VWUO.;B8J:?(ZQH'$5[\(ON\-JCNR'ZT M:F*5DORTP4).S-M2FXB-ETVT1&J-TY)D@](@H=\L0YTBN"'!,YR``"(=(AF[ M M-8130U:C5S-HYJBS0,L=Y)E.L*2!"$%0Y4R@)M-1``][+3G#'Q\;5ECQD2./ ML%-E``O=MMATU0UR*.'-"Q*%7LP;`6&\^"K#YJE8:OR?H(<0Z!`ION#@[J5( MA*4NGI[3O9%.JUXD@7;X7A7Q8AB5V5Y^SY5O&@7!'K`<==\;CUXN+I[N3!D: M;IPT!IA!")?LG%Q<`O?L[WO;??;>MXDQ,4::9!&G'V%[\(O?AO>]M]1X!W`_ M<#[F0^-U:/7.*5FIR-;%R6_NY-MJT7'5F37AZ,I/G1M(@#)-(L_#QW6M]6+_ M`/TKB>@'>%^((]/N#)7=?RQ-S7K61@PI`[1XIDM+YMN-%N.JVWK>#=6U\H:/ M)K6?+C1K&S)#Q=?=YRC9L.W;5U^9?DNN=7W%5KZ8[;U!E5]E)C=>R2I)/R=7 MVL+&3LA%H`[63BVZOE"2D4R-R'ZH442F`ZJA"ATY[G7NXU'!U@X@^Q8\<&FO ME2-Q<,81791<\(/$S64&UAO8@5D]?Y4RL?.[$=A$D>(TSF]E"AB!?8-I.S=8 M;R0*P]M6PUWIIMNB33NJ)&W*=-(Z,,6PI)H5^8>1=1G0B+B[>MFC2$=-X.]Q M3M90IUVR:3D0ZT3IJ$+'>?RMJ>G'#&2T`.:P5?XFR-RL3\$Q(`0A)XG)!90& M\ZX(&K9.C9>*8!,8[Y!`'6\UB$;A,V^YFF*I$.A9,QZG8'Q0>`/\`X@R;T#`/ M<%,2?#G7G=]*).X;5$'#=,34E-M_S4C;?'M_):IPY8<-W;YBBW5ARQL_88[? M'M_)5`]M+5(]HGLQ=4?&_*'*_]`9;ZU//FV,R5>1O9,GTY]%:W+E[[FWTA^):Q.W6])=Y^LC_`/C% MS0=?]MY7TS5K6I??YOI#5`9B*LJJ>D_3.H?6BO\`SLTR^TSVEC_3Q^F*N,3[ MU%](OI"LY^8_T727Z[@OTTV2ESG[#D^E3TJW'7?9S?MK\=1XY#]:-3%*SAY6 M/HG:/K(A\UH9)_(GW"?Z8>B*V_ES[M)])^85CGO?Z5KG^L&OS5'YIW,_M[)_ M:'H+6!U?VE+^T/1%6JS`UCJJBC,4Y.\T>,6.=-&3NE3C5E$N'K4TG]ACFBJB M?&!B=80BPB74!#4.D,OM,B$^J8L#$A7R8E-M]FD4'XZN,1!)EPQG8%L%^KD&M(S*[.,1Y\E1.;B9I9Q,#&S@Y=C)Y_#Q").=IY=G\/3W.[;MDC&SP5)'==&&Y@D?9U<9O[V4;*V:,[5J?Z8I M3%*8I4`G;15*/82VS=T0!X,C8RV*$D!4>.3L2HUY!@X8^+L17!H@X-Y84ZQ0 MJ8J'`I0$P`4`'E#\2&!#%/IVI+Q=M-VB-M/#:,*5LM[`]WL M;]H^@U9'2/:47[1]$UD9S3_1.K_61?YK7S<>>_N$'TQ]$UGN8_NT?TGYC6#V M1A6H4Q2I#N7#T71OZ[G?TTN3!R9[#C^E?TJWG0O9R_MM\=8,7;Z9V_ZT6#YV M=Y%NI^TLCZ>3TS6G9?WJ7Z1O2-4QEC5O5Q-H_2?1?K"T_B+9F.7_`&YB_3#\ M]7VF^T(?I!65G-!]`8GZU,_FV3S?>>?9,?TX]%JV3F'[FOT@^)JP/R*JTVF* M5GYRS>C=7ZSR_P"CQV2UR3[&/T[_`!+6Z?K3,_IBF M1SK?MC*^G?XZU;4/OTWTC?'5#9BZM*K3;CT@TCZTPGZY)'.OL3_;)^]6U:_]P_VB_GJ/_(DK2J8I3%*8 MI3%*ET[&R-*ZYB;_`"(]3Q16U#G@`Z0G5U?V6%0,*"G"((Z`G\;I#B#HSH#\ M.D(DYORYMEX\`]&WK2(-G@W;:DSNLCXM=E>2/\` M?K9^6M\W^'\]6[YD?2B[_4,#^06S#\Y^W6^BC^(U8Z][1/["_%5A\U2L-7Y- MWIOX(_]=TS48N6LB:2"58ABDDE2`!8;2?!4DZCAY::5*[1N$$-[V-K6J M*]:+E&PF*XC)%`2,6LFH"K)T04XUZFBJSD5.)(.K8.TW"9DUC:)G`Y=!'4,@ MEH)T-G1P0H;:IV*UB&.SS3<6.XW%M]1R8Y%WJPZH.X[CN/D-]AW5UA;N"H$= M&;KE:JJJ().C(J@V472*4ZJ";@2`BHLD0Y1,0#"8H&`1#I#/CA?A#D'@)L#8 MV)&\`[KCI%?-C;BL>&^_H_+64_*H(!.7/4=/_)8KYP6S>^0OO63]$OI&MCY; M^=E_8'QU3?,WT[B,_JM%_ILKEGSO[97Z!/C:K?F#[^/HU^-JQWS3JP=?A4=$ MU!]XAQ_Q%'/&W'R5X=@J;6Q[#/&?+?+6D;,T530V4//^(EBUP5.0*6F_\4*L M+L2@H(#P<7#IKTZ>YG3.;RM)'R;)G]LI`TSM.'A-_F>*U[_!4N3Z*RZ"V3V@ ML,3BM8_\W>V^H_6_*Z=_))1<9>D7AD]HXW<]W)(UQXXA5BR*ZZ(EB9-)\1O( M5F/!+1Y)%$RC,X"4[<3CPEB1.1S+.((,H-;3UR2PC)0\1(ZC!K-&MNO(-J'8 M4OL&DKR]QR=G'-<_9A*3P$KM/R3>Q0?*;>O2M]E64;4-L\VJ?[E-K"FHO$V. M)@96NC$O$RLS3@/S1@$G3K`T=RBR$/\'FM)I22:$^M)," MTK[5D567A.SBO;K;B=A-@-@ MVWOLJ3GL8O:&W0]3#C[<53)L_#C[WYW]-/UT52!W5>W,CU3_`#$J_P!VC.[L M3LES;[9W:4J[FUG_`.'2V0L;&I3:T4Q.^F9ZRL2-;$R!N[96.JR@*^+2#%PF M8ID#BHF(*IDUVOOAY@@Y:Y_PM3G@.0?Y/*BJ'*+Q.\BVD%BLD37X9$8>:;CK M`5FN>M3CTGF;'RY(S(?L+J!Q6%V9Q9A8AD.YE(W;1M`J)K<'F%0W#JNVM$L3Q6`6K,;A6T]^O\`>;VHP)%*7:XV:W*1 M:;@SM.-/9)I[,F8$=G20.Z(S,\ZL%!3()P+J)0UTS7=6SSJNJY6J%.`Y.1)+ MPWOP]HY?AO87M>U["^^U8K-R3F9LV81PF:5WM>]N)BUK]-KVO5'YCJMJ8I3% M*V%N3B/*S[*7F`=!U7%*TKF8>G%-/@4_`TB6CB@N<0#K5`*QZ!Z0`@@&O1G7 M'=U$(^XC5I!:\F-J+;O!"R[?">K^2INY60)W<9K;+M%E'_\`+8?FJV';214R M2R[-39BO!KSB$EXI$YW9O)Y9MJ]7=KD08B_X!>'8.B"JJ#41`A2%%7I`F83\ M2,&0,W3LH\7V0Q.@V]7C#$FR\6_A(N>'=8<716/[UHY1/BS&_8E"!MV<0))V M7WV(N;>#;T5!QG,=1#3/*4Q2F*57FUOI(HWUFBOT@,RVA>V<7Z=?CJ]T[VA# M](*R]YF_1RU^M,5^ARN2%SO[&7UA?B:MFY@^XCZ0?$:P&R)ZTRF*5GARO_0& M6^M3SYMC,E7D;V3)].?16MRY>^YM](?B6L3MUO27>?K(_P#XQ5],U M:UJ7W^;Z0U0&8BK*JGI/TSJ'UHK_`,[-,OM,]I8_T\?IBKC$^]1?2+Z0K.?F M/]%TE^NX+]--DI.0_6C4Q2I#.3BC6RU4NX.Z] M"N)1LUM;9LX515:)E27-#-E2IF!PX1,(BF8!Z`$,E[NYTS/SM-R9,2(NBY`! M((V'@!Z2*WCE7#R6VX&[DZM69(D-2IJ%96B2Z MLAV<0[E(B-.S07734.FHJAC'P]8*0&!(Z+AE(OON`-I`K&K@9K9!Q%B M0C\HZ37ZVV*8FYNVY#E,0Y-QZ,0Y#E$IR'+;8DIB'*8`,4Q3!H(#T@.-&!&M M88._[9!]:E,#[_!??V\?IBMIGM.%A;1V\<`W?-DWC%P*.XM6 M5!!ZS5_!.V:PEX54C?%4((E'H'.Y>^QN#NXSG`4E7QS9A=3;(B-B#L(.X@[Q MLKHGO`/#RKD-L-FC.T7'SJ;QTCPCI%:[5MYM;C:W]@#A-C4'9/,N5DN[&''"O&(P.`W2,``H MK7!X7VW!O:_5L=M6HMV[,Q;:;!40:U2*S`P0X][/*G MD'B+UQ$07^AI*$32563^.Y.NMJKF!S]>R,_3HM+['&AQ8I#)_"0H7?AX%9^L M02B=0$`$C:Y9MM8W)U*7)Q4P^SACA1^+J+PEFMP@MM-RJ]4'82-K7.VK69@J MQU,4IBE2\=C?-P,5O_?8^2=JMYFR[<#%5UOXJNH@^59S36;E$CNDTCHM5T64 M<"A`4,0%"E,!=1#3.@?PZY.+!S9EQ3,1D38?!&+$AB'#L+@6!"K<7(OMM4F] MULT,>M3)(2)9(+*+;#9@QV[AL%Q??MK91SLVIZIBE,4IBE:]';014PE?=I)I M0'AH![6'T-6)8!>+?PE23P^`<714(]ZL#;4)NQOVCZ#5D=(]I1?M' MT361G-/]$ZO]9%_FM?-QY[^X0?3'T36>YC^[1_2?F-8/9&%:A3%*D.Y="]G+^VWQU@Q=OIG;_K18/G9WD6ZG[2R/IY/3-: M=E_>I?I&](U3&6-6]7$VC])]%^L+3^(MF8Y?]N8OTP_/5]IOM"'Z05E9S0?0 M&)^M3/YMD\WWGGV3']./1:MDYA^YK](/B:L#\BJM-IBE9^YPA_:->>D/I3,C_`(/'%,CG6_;& M5]._QUJNH??IOI&^.J&X@Z!U#01T`=0Z1'N`'OCF+JTJX.TL<_F=T=NXF):+ MR,G)72O,(]@T)UKEX]=\F-5 M4;226``'C-7NF(\NHP1Q`M(TJ@`;R2=@K/[F]VKW)IFT0S5MI%BKL2%L@6HR M,JQ%LT!PN5_U*(JB<0`ZG`.@?!DL]X6AZQIW+WVC/QIH8/M$8XF6PN>*PO6Z M\SZ=GXNF=KDPND?:*+D6%]M1C+(+MEE6[A!9NX;J'2<(+I*(K(*D-PG3724* M51%0AN@2F`!`>C(1961BC@AP;$$6(/C'14?%2I*L"&&_Q5^!(##B#XWD&O+$5^<\I3%*8I4Q/8T34#&[V;F1C]XJA.6. MA,V=?:^*N%$'Q(V6-*2Q3.DT3H-EV[=$ARE4.3K"@;AU$-,Z(_#GDXD/,N;! M*Q&3-B*(Q8V;A;B?:!8$``@$B^VU2CW62PQZOD1N;320@*+';9KMMW"P\-;( M&=C5.U,4IBE,4K3-YQ8J7A>9S>:.G`>>4$[O,K\4@[,\=JL7SQ9]%K*JFD)( MR95HUPD8B0J%ZM,2EX"=Z'YR]XD&1C<[:E#E<7;#)<]8W)5B64GK-O4@@7V# M98;JY7YICEBY@RTFOQ]LV\W-B;CI/01L_N%8T9I=8"F*4Q2F*5EYRI>&O/\` M,U_\I*Y(?(7G97DC_?K9^6M\W^'\]6[YD?2B[_4,#^06S#\Y^W6^BC^(U8Z] M[1/["_%5A\U2L-7X4[P_\$WW!SQMU*V3.80PEY5]S3`(`)=HCF`3$!0H"6+8 M"`F3,!BJ%`0Z2B`@(=&@YV;S>;V:2=6R)<50UB_`#V<@M&".DLMXVZJ\1;>H`Q5L\RA'['UZD-MPH"W+!= M';Y[!L' M6(=,3,BR'^TEF12_\-4[0)P*446Q!8`"RFW%M`-[5BY;]D MJ%7-Q:'!-333ZOR5$O5DL2'EM(SES,4"!LDN\AQDB1A!@Y)=>&21DFY$G!&! MU!!%54-#!H^H MRM(PH,^"%>-H&AD=NMM+1J[%;VZI)4!A8\-]A-8\;K5J.IU]NE8B#.C1<-)K MMH_QU4B[LK15JB[02<+II($<*H$<<`J`0G'P\6@".F:AKN%#IVJY.#C\781N M0O$;FQ`(!-A9B\1T57H>&AJ M=%1E>JJ4"R8MX94&B4L5\:1&WMD4WJ(-IKQH"'!+4['K`.8R!N,0#F5.=-3B M@AQ\:+&C@A@"*H0V#\7%VH%Q9[V-MJ7N2IO41+S!F1QQQ1)$L<K>/-RI)S37U&:5^HPL1)/V#QZYA8=9K+.&\8N+YE%+OU7[GQ MB/;RASN2BH0[@IU#$*J".B08B369GTY]+CAQXL9W4L40AR%/$JEBQNH:["X+ M`D@-P]6K%\^1L5L-$B2)F!)5;,0#<`FYN`=NW;MM>VRI.>QB]H;=#U,./MQ5 M,FS\./O?G?TT_715('=5[TK8IY3YJ`?=E-O5#Q#Q1Q*5_:;F M)2L;59LNW%C(RM5MDJV(FJJDFD[;KQ[E)0JB9CEZ1`1`P"`=>\A9.++W$:EC MX[$SPX&H"0$$<+-%*PVD6(*D$$7'1OJ<>6Y87[N,N*,WD3&R>(6(L2CD>46( MW5[';,U49'8S;6WE4.'[*[E!'JI`41(HA:(-\B)S&U`I3).(I("B(#T&$/=R MY_$;@]MROA:@"?X&;PD>$2HP_N*C\M5>]3&X]'Q\J_S>1;_XU/YU%:WV<<5! M-,4IBE,4JO-K?211OK-%?I`9EM"]LXOTZ_'5[IWM"'Z05E[S-^CEK]:8K]#E MDN\_61__`!BYH.O^V\KZ9JUK4OO\WTAJ@,Q%657! MVE:H/MUML63I,%FKS<.E-'*(B8H*MW%DC$5DQ,02G*"B9Q#4!`0UZ!S+Z`B2 MZ]@Q2"\;9D((\(,B@BKW3%5]2QT;:IGC!\G$*FEYQ=L=M8/:%-Y^R4BHU/N7 MMTRDFU;6DG<^]AWEC(C)L(=NJZ7ZZ1=M!,1(I2]88X@!1`P@.=)]XFB:-C1NJ/C<_8:OP4#OQ8F4+%-Y:,FJ@[V]K]>L:SCR+5)64A$#/G-;DWO[4&>VL MDZ5-LT<(J>+':K$2$XBF88BUSE7$Q<35..0G@B=D'$8V/:\4O M'948'A*L!?JFM'U'1H(8>.SZLA(2Z]&H-L=F?LY=+R:`HKVM3JUXU0&PI'*@ M=,JJ!CGP?,VCX>FX6%-B(%[2,!SQ2<3.8()3Q!QP[#*;-&>&Q"E0RDG':O@P M8N/CR0*!Q*.(W:Y;LXW-PVSY>PH;6V$7%S(UV8GHMW-]8;'[,,LF+N1]AYWK MB_5+6^=WOL[(^G'H"K`[];CTBJ;M\S<)=6CRVJ'OU"LM2H+EJFWA'-BC(&OG M-.A96[L)&+T;-0;R+86ZZ#QH*90*90.)+5.:]8TS`Y@UO&U)6R&^UP210$`( M9%CCZ_:`\2[!PR+PLKI86OM7":SGXF-J>H198,I[>-TC(LI8*O6XP;C8+,+$ M,MA:^T6IB-^]NTM[I;=MX2S(%G*W785Y'OH=I:A(]A8O;]5[*N@=2L8E)KR$ MA6WC9MJ1,62X-I$!$X=2G@,?FK1UYFDY@D[<"6&-"K()>LBXY9C=E#%FC=5V M#@;@FO?JC&Q:U@C5VU-NT''&JD%0^U5BN3ZE1=(D<*BX<$23Y8_K$K4VS@FN;*8I3%*8I3%*EF['>)=O^9*UR M*4H5LS@]LY)R\BO&G*)Y0[Z6C8]HN#5(HMWA(TRQQ'KA`$Q5`2ZFR>_P\8\D MO.4\RR<,<6$Q*W(XN)E4&PV'AN=^Z]QMJ2>ZZ)GUZ20-9$QR2+G;=@`;;C;Q M[KULQYVG4_4Q2F*4Q2H8NV@JPO=I=H[@4YP_9V_R,,LD!1$BB5E@U%"',;7A M*9)>%*`:@.H''3.Y8]O8W[1]!JR.D>THOV MCZ)K(SFG^B=7^LB_S6OFX\]_<(/ICZ)K/SE_;;XZP8NWTSM_UHL'SL[R+=3]I9'T\GIF MM.R_O4OTC>D:IC+&K>KN[!0J]CWKVP@6JR+=S+6U@R17<J*= M3@#A]P!'-AY4QGS.9<'%C(#R9"@$[AL.^U9/1H6GU;'A4@,TH&WX:D,YJ^7J MXI52A0[.1@Y*2MFYD/6XQ!)5TV(1V[B)MQXPY6=-TDR-D$&IS&X>(XZ:%*8P M@`R[SYREJ(P,7&C>)YI\U(U`)&THYN21N`!)Z?`":WGF30\H8T,2,C/+D*@& MT;2K;[C=LJ-F;VRLD)7[';#JQ$A6:W>_[/%9F,D2.6TK/^*/GW60I.`BCV-3 M:L1ZU;0H)**$3,'&(@6&,G1;@)%: M6;QP)>O1;B193!X1=LP4:/W<1(1:K=8HJ$3.J).I45*')EFS94_\`:1:PXU6Z*A]`90&@<1R&-H'O9T#W.(C+1< MO9;/&F?NT1J#>-:IK7*%\62356;N6"9VR[91X50G$F)ACO5HM+FFUA-2:"#& MBUPNSV5Y)5XB.R"B\R6`)5D!5E,@(NMZU;.3#>3.7*,<4*:C^\R#OQ[;IK!33)5:DOF*=0&N+(I,++V)15"L9`B/M`#%%Z@ M60[#&2`:M^RP#FY[7@$+C^&1P%0`#Q\*MM`!X1U;,=A0[Z]VNGIZO-KR:+U1 ME`1JCBZT%:6CH!:LN4F)3[B'&!:.G=455CWQT(3JRI+K\$@LW`AG1"*#PA=8 M9TYN?^7'P%B1CDP%UC,9"_\`2#V8)B)5K):S-:0K8N`=E5X3BGF72FQ@BDRQ MW"\!M_%ZH)38>K:Q/6(MQ`&ID^U(EE('EXI\ZDI"HJPN_NTDLFM963F1KB2D M;)OWA%)^/9H.GCV%(9$!=)(IJ*G0`P$*)M`SHKOQG.+RCCY2F,-%JV*]Y`6C M'"S'^(H!)39U@`25O8$U*7>'(8=#BF'`"F;"W7!*["3U@`25\(`)MNVU$QO9 M?-AI^)YGJ7$;C*2&X&Z%TVNL*UKL#9&4J*[R,EX(%:M`WL"H3ZU0H":LJ9=R MI%\:[=1'0SHZ/$:!.9=4Y6RX-HLGG<$?7N2ER"/.(O5-[=[W0: M:=&BK/O''A"5/EIL=?MB5A\KR+JR3]TD+LZ3IL4N,0_-*GV^:.8,A(191O'R M/B_!UH@@&6>C\S8RKBP9NHI]EQ]%DCE$G&QDDF:8B%3P-Q=@#"!"Q5).&W%U M:M\'5H0(8\C*7L8L!E?BN2S2&0\`/">+LP8QV9LK6M?94<"(&*DD4P:&!,@& M#7BT,!0`0XO\K0?=]W(<6X4`[[5HHW"^^OIGM>TQ2I>>QNB';W?Z_2B`T2+XL[)'%(H415$!3%;,N MJ8I3%*8I6J-VI55_9KG%NSLJBBB5MK]0LZ?&`AU9EHDL4X2((B(&3*XBC M"&F@!KIW\KZ)/2->+V@-VME.W]=MZQ/24 M*A:=EJ]7YY-@Y5;ED8IQ-64RB"H)G+H<``Q2J!\(<3>6YO>]:=_,M0XE?MI.-0`#?<%O;\ MESY;F]ZHB9DY&:=R2>DFK261Y6:64EI&N23O).\FMCNV>R%-_\N8_ MW=HYV+J'_#V3^C_]WJ=\GW7?U#_*K6Z+WI?X(?GO:;U0J_;.!_3S]<]?7>K[:QO5?\QJAYSGBHOIBE,4IBE,4K8:Y08ERP[*G?V0=219(D MWMWS&/&:!'3EQY*8M:--1I8HR"Y2HLCIN6:JPII:D'KN(1XC"`=<]WL#Q=Q. MK2N_&)&QV#:";#9MOO)J;N6(V3NYS9&;BXX,HC:38"-A;Q;0 M38>&KY=KF4IN4)X)B@(DW*H)BC^]-XT_+Q!T=WA,(?X9[L'UB/XS6KGG#U<\TQ2F*4Q2J\VM])%&^LT5^D!F6T+VSB_3K\=7N MG>T(?I!67O,WZ.6OUIBOT.5R0N=_8R^L+\35LW,'W$?2#XC6`V1/6F4Q2I,. M33;&W73;&%#T^6I`Y5T_)R]/>2$`H)B-IMMX5K&'<[9?<=Y?MR)!I M`IN6K#=0:&)R2D8D9[9GYTRD91:3ITW5D46IU4@14NJY/9[QM<] M`N1>VRY&P7%_%;-CM+N')6:9I["N'=6&`8MY*29)24.*)63X&`Q:[.1&0",D MPF_*K4&`-EE3/C.$P0`XF`,PL6@:O-FR:=%"6RXE#,`R6X6X>$AN+A;CXE[/ MA)X^(<-[U8)IF=)D/BI'>=![MIBO?QRY[PX'KL'UJTTKVIC>L1^D*FX[0E55#ELGUT%54%T;O1E45T5# MHK(JIS1SIJHJIF*HDJF<`$IBB!BB&H#KG3/>XS+R7*RDAADP$$;"#Q[P1N/C MJ7.=R1R^Y&PB:/TJ@?>VRT2$S(V)Y89I:=EWB$C)RWE)VF_?/FK@CMHY<.$E M4SG59.DB*(#_`)DY"B3A$H:5IVD(2)`4HCTZ91ER,B=42>21TC%E#,6"C?902>$7Z! M:OAY99`JR,S*HL`238>`7W#R5,KV8GHMW-]8;'[,,LZ-[D?8>=ZXOU2U*O=[ M[.R/IQZ`J/?G/]J'>#]?1GV8@LB/O(]^=1^E7ZM*T?FOWAROVQZ"UC!FD5KU M5KMIZ2]M?6+1/M7$9D]%]M87KD'UJ5=X'W^#Z>/TQ6TIVH'L4;L_ZU0O[P:Q MGE:F?K!U\ MU2&9[ECV]C?M'T&K(Z1[2B_:/HFLC.:?Z)U?ZR+_`#6OFX\]_<(/ICZ)K/W%VLVST1*P<"O(1ZMAL:";E-TP2*95!^5-8G` MX=HJ`)#]&HET][)SY"T?4LWEV/(Q8B\)FD%P5&T-MWD&I$Y;P,O(TM9(4+)Q MMMN.@^,U@G;-N[X_MEO=1]/L4BU'9T^VR0W52P,O$QX`1>[;.BM-R<'-?)E9(I&7 M[0R7`)''<]46WFJ-:4JXOS6$C&JV%VI4DUE;4FWB'JJE<3;"X!PI-IE1$\:1 M`6BO&*H%X>K-KW!S'1Z;J,IF$4$S''OVMD8F.U[\8MU;6-[VM8U:KB93\82- MR8O/LIZMKWXO!:QW^"KY$P!H(E$.Z`@&S\FX>7@\\:9#F1213')1N%U*FQ!L;$`V/0: MR^@P3X_,.)'D(R2=JILP(-C>QL>BI1NT(E&\'M;MQ-.F:S]M$;RUJ269MI%W M$.7!&<-/K\#:48'(\CW)1(!DU4QU(<`'I#4!G'OHQ,0&*$V M20[&7:I\!&XU(W/$@ATZ"5@2JY:&P)4[%8["-H/@(J*^]\Q#R_1]KKTO3H!. MLSUQ1M<; MY=6BGQ,C&A&%+D"50H"NMA)L+A;L69^-V.\\2BRMLCC,UULV.2"6)/L[RAP! M8,MN+Y0&TDMQ,>DW&X[/`LV\Y9N.>QD73V5?;.-N8_;5GPS4$@45'IRTS>9/M4+008ZPH<-<8==G*H)A,P!; M;PDC@123P1]6[;ZH9&J]LC1QQ!%,`B'6+67M.T-B=MK]50?-79NR^C'4F\A>PSZP_P`2U$;S(B/_`!!;V!J.G]I]O$0U M'01"8=``B'<$0`PZ>]J.<_]NI^O2^F:C'7_;F7ZP_I&K)\)>CXI>@0$.@ M.@0[@A\(9K5A6)M60?*8`!S1\NV@`&N].W@CH&FHC96&HC\(YMO(/OQH_P#4 ML?ZQ:S?+7O#@^M1>F*V`.U\]DII[SO=G_`+3' M^]6K\``'0'0`=P`SB*N>Z8I3%*8I3%*EF['B0>LN9&T-4T(WQ"8VWE&;EV^7 M<-WA5VCN@`:9Q3^(<`<[PGI.GQ_6 M25`'>A;_`'AC]67TGJ*/('J-Z8I3%*8I67G*EX:\_P`S7_RDKDA\A>=E>2/] M^MGY:WS?X?SU;OF1]*+O]0P/Y!;,/SG[=;Z*/XC5CKWM$_L+\56'S5*PU?A3 MO#_P3?<'/&W4K9+YAO95W/\`5`K\U,<[,YP]P\[^G'T%J>M<]V\CU7]T5K;Y MQI4"TQ2I1.R\^FN\'U/K'S\\R<>X_P!I:CZO%]8U2)W=_>\KZ)/2-6[[27V@ MXKU85?YWL^8?OE][H_48_3EJPY]]MKZNOI-4?^1-6E5\UO`J_P`V?^*.>-YI M\E>-YI\E;)%L]D*;_P"7,?[NT<[*U#_A[)_1_P#N]3UD^Z[^H?Y5:W1>]+_! M#[F<;#=4#5SBE2_=C%[0VZ'J8J_YC5#SG/%1?3%*8I3%*8I M6P/R9OWJ_9<\RD8[0CFY(JC(AL=FNZG=6FL.V:P*O;B\C`$>. MLGWHK(=`C9&(09"\0Z#<-:_D(N/'6LWG%E0%3%*8I3%*KS:WTD4;ZS17Z0&9 M;0O;.+].OQU>Z=[0A^D%9>\S?HY:_6F*_0Y7)"YW]C+ZPOQ-6SKF=.]RWNQ/Z\_U<=2_R![&D]8;T4K##>;<' M;^(OG,I1KQ&VFQ>6=]FLPPB63F,080J#-?AF+-6WSIJLYA[0,80[-4@\;=\F MND!P`J1]8WYDU;2J MYV%%F:AAYBR2<>8&"@@!;'K.I(NKVZI&Y@1?<:HFN\P=*@-S+=N$,/;G:MG@ MXF"63%M643+MJZC3"D6.Q!P>.B5;<:NNB.?%/,A5T3QXF.GT8S$YMTW%UK(U M?L\AFGB1#LC%Q&(=O#?A0R]FX;A^9#*8MJU:0:WB0ZA+G<,I,B!=R;E[/HO9 M>/A:_#\W<%-HJPVS(:;O[3@`:`&Y=$T`!$0*'[4Q6A0$>D0`.C4>D%,Z8[WOBW#]?1GV8@LB/O(]^=1^E7ZM*T?FOWAROVQZ"UC!FD5KU5KMIZ2]M?6+ M1/M7$9D]%]M87KD'UJ5=X'W^#Z>/TQ6TIVH'L4;L_P"M4+^\&L9W'WW_`/#7 M4/VH/KXZZ([P?=/)\L?UB5J;9P37-E,4IBE,4IBE2^]CU'W-WO3;GL)*F+4( MB"3->*^X50*S=>4V\BA6IMFBH558\S&R3,Z/$F"8E:N5`$^AN`W0?X>8M2DY MER),:3_P^.(=M&2+'B#"-P#<\:L"-ENJQV]!D[NO3*;5I7A;_HRI_$4VL;@\ M+#]8$6V6V$[>BMDS.RZGFF*4Q2F*5$+VR;644Y?J$[:2+MO&-]SF:$M&IG`& M4D+F#E3QZCPHF`3*,'+43(Z`(\1Q[FN<^_B+2<\IXDD;L(!F@.O0UT;A)\:D M;/*:C'O360Z)"RL1&,@<0Z#=3:_D(V5K89QG4#4Q2F*4Q2KK['$.INQ2B)D. MHYFY<^JRX$!8$#MCO!'R#6 M>YD5AC1W!'\3P>(U@QJ&NFH:@&HAKT@`]P=/>'(NK3Z<1>@.(-1U`.D.D0Z! M`/?T'%Q2XJ?[L\?9HK?USNWSPGG6/=#[DP^LS^G4U(@&Y/`PN;Z'DYN$ MK9&+E/()%SY&7A7S`6;B-^(<:MN9#8_HG:;VLEMRZB%ZW3'%CLT6V?BNY"0BIWVI;C1IF;IRL(CD#BNO!=F>5]B\3`65U5 MB"`[!GL.*LKC9F-GOUG7#YX0??C1_ZEC_6+6;Y:]X<'UJ+ MTQ4__:^>R.3UK4/^+-9UA^(/W`'K\'Q/4T]YWNS_`-IC_>K5^SB*N>Z8I3%* M8I3%*F1['-ABOP[Q:D^O94N._\`X:D8[:,D6NP/9NH-SQ`JRDBW5;:> MBI2[KDRVU*:2)O\`HBI_$4VM<@\##IX@00;6V&MCC.Q*G6F*4Q2F*5JU=K.T MDV_-Q(J/9%V]8NJ'3W,.UM<]V\CU7]T5K;YQI4"TQ2I1.R\^FN\'U M/K'S\\R<>X_VEJ/J\7UC5(G=W][ROHD](U;OM)?:#BO5A5_G>SYA^^7WNC]1 MC].6K#GWVVOJZ^DU1_Y$U:57S6\"K_-G_BCGC>:?)7C>:?)6R1;/9"F_^7,? M[NT<[*U#_A[)_1_^[U/63[KOZA_E5K=%[TO\$/N9QL-U0-7.*5+]V,7M#;H> MIAQ]N*IG0GX_._II^NBJ3NZKVYD>J?YB5V.V@]/>TWJA5^VJ_YC5#SG/%1?3%*8I3%*8I6QERPL;FR[+O>Y_:)0\Q!2 MVR.\TA17+A9NM),*VCMW86#F!6!$HJI,HB<8NO$RJJ',"*H``$+H4.P>2(M1 MC[C]3ESG[3%DTS,:`D@LL8QY%*&VT*CJW`"2>$]&ZISY?3+3N\RWR&XH6Q)S M&3:X7LF!7R!@>&YW'HJ\/:V-5''*%)*D125!EN'17:BAU3IJ-B`[>-Q6;E*( M`LMJX`@E-J'`8QM-0#38N_U"_=\[``\.9`?)M(N/"=MMO02:RG>6I/+#$"]I MXS_>=U:MF@_X^Y\.<.USQ3/*4Q2F*57FUOI(HWUFBOT@,RVA>V<7Z=?CJ]T[ MVA#](*R]YF_1RU^M,5^ARN2%SO[&7UA?B:MFY@^XCZ0?$:P&R)ZTRF*5.+V: M7H+M/K.E?L]7,Z=[EO=B?UY_JXZE_D#V-)ZPWHI46?-)[1V]GK$GORJ>09SQ M[XZGZX_QU'/,7M[,^G:K#9JM8:KD;->F#:?UET3[4Q69GESWAP/78/K5J_TK MVIC>L1^F*FU[0[V:+)]Y,WK,'IU+?/'N_)]+'Z50!9R=4*TQ M2II^S$]%NYOK#8_9AEG2?JM=M/27MKZQ:)]JXC,GHOMK" M]<@^M2KO`^_P?3Q^F*VE.U`]BC=G_6J%_>#6,[C[[_\`AKJ'[4'U\==$=X/N MGD^6/ZQ*U-LX)KFRF>TIGE*8I3%*E=[)B$2D^80LVI8X2$1K]??)*0;R7>M) M>Z.Y)J_3CVT8P0=H,Y$8,S51T9-5)42)E,<.YJ$\]P>*)N;?M1FCB6&)@4+D M-,6#!0J@@-P6+6(-AFBB_*BV7(@DH5EN?3UU%3+'36;D.WF4.L;IE$"K&.94"F`V MH`01'3HU"#?Q!QEN0U<`'ASH3>^T;'&SP^._14=]YREN6P;;LA/*-C;JU@M! M#34!#7N?#^YG$E<^5QGE*8I3%*R?Y+^CFAV?T_\`7I/[,3N;OW;^_.G?2M]6 M];#RI[PXO[9]!JE2;I+&>3)5( MA)\R65*NT!R4Z"CM-(ARB!M,GGO(D2.31GDCCE4:EYLC*JF\3`&[W0,">).( M%2X4$;:DGFME5\!G577[7N8@#:C"]VZMQO6^PL`#47VYT)$!MY8XIA.[8V*3 M8[M3;ZMS,%^QD%*R5?9H7A[9@>,6)FSYH\*[1;:HG57C7#?Q!&-U/Q`>$-;Q ML?\`D\V/#+A33+J#M&Z=BC-&!,9.)5LP-PNPEHV7LEAVWO'>H0Q#!DC1\=Y! MDL59>S5BH[0O<"Q!O;9"!:''-7=.VTEF#^%=TQ@^;6 M!CM=7SGKL#6EH9R]6C)ZTNET7IHEPU7:/$=%@TU'+C*DTV;%U/A^RI&V/C,K M(8582#&C_AI&4)*O*6#F)E977K=-596Q)(OUG7#YX0??C1_ZEC_6+6;Y:]X<'UJ+TQ4__`&OGLCD]:U#_`(LUG6'X@_<` M>OP?$]33WG>[/_:8_P!ZM7[.(JY[IBE,4IBE,4J7#LCH1.1WX>SQ[%"PZ4'7 M7;0U>=2SQM,V][(M'@,C1\5F!X>%00&[,`DW!L"34F=VD(DUDS&1%"1D<)8AG)!M87L>&Q M.T&PK99SL^I[IBE,4IBE:S/;$-%$>9FK.C())IO=J83JUDUE#J.1;3U@3,+A M(QA(B9(3\).$`XB](ZCW.+/Q#QE>=('L`&P$V@[39Y-XZ+=%0#WH*1K\;6V' M&7;X;,V_\U1.=SH'H$,@6HVIGE*8I3%*R\Y4O#7G^9K_`.4E'_`()ON#GC;J5LE\PWLJ[G^J!7YJ8YV9SA[AYW]./H+4]:Y[MY'JO[HK6W MSC2H%IBE2B=EY]-=X/J?6/GYYDX]Q_M+4?5XOK&J1.[O[WE?1)Z1JW?:2^T' M%>K"K_.]GS#]\OO='ZC'Z!5_FS_P`4<\;S M3Y*\;S3Y*V2+9[(4W_RYC_=VCG96H?\`#V3^C_\`=ZGK)]UW]0_RJUNB]Z7^ M"'W,XV&ZH&KG%*E^[&+VAMT/4PX^W%4SH3\./O?G?TT_715)W=5[GO:;U0J_;.JU&.+MU9&J$-+-W3QPC%J2#INY>%!$$DU"N!/I[ MW6G=]BKC]SFM2F:*7M<#+;LU=F,2_9Y`$<$D*6(9]@`(:]37RQ"(N1-0/7AT`1#>._2/(D[NLEH+V2:%GVVLG&`?+M(%AX: MV+O%25N5I3%\ET)_9XK'XQ6J@<-"I!Q\>I.+A`P""8F,;XO08=!T`!$.@>G. M$SN'DKG&OGGS2F*4Q2KR\NL>SE=^MGXR00*Y8O\`<&NM7C%*HF) MTC$4*!@]TI@'X*]2 MW\X.V.U&4?RZ\,YC[&9TW:->O=+*%.HB05>I M(*X(E.*?QM,G_O$T70L?2\0S0N,9M2A63L^)G*%9+@"Y)W"]AQ<-[;:DWFG3 MM-BPX"\;"(Y<8;AXBW"0UP!<^*]MMKVJ,[=';:L4^$W4\9ICRNST9N*E#4-^ MQM#V=B)9J_*SG2Q4,S49(>-0<33')7;IVXU=)NG[-#4NBA30KKFC86GXV?QX MS0Y:9@2!EE9T8-9^%`0+HL)XV=NL&DC2XL08_P!1P,?%AR>*(I,L_#&0Y92# M9K*+"ZK&>(L=H+(/#>CMYJ96*TUH09SQ[XZGZX_P`= M1SS%[>S/IVJPV:K6&JY&S7I@VG]9=$^U,5F9Y<]X<#UV#ZU:O]*]J8WK$?IB MIM>T.]FBR?7.D_/"F=,=[WN3-ZS!Z=2WSQ[OR?2Q^E4`6[WV=D?3CT!4>_.?[4.\'Z^C/LQ!9$?>1[\ MZC]*OU:5H_-?O#E?MCT%K&#-(K7JK7;3TE[:^L6B?:N(S)Z+[:PO7(/K4J[P M/O\`!]/'Z8K:4[4#V*-V?]:H7]X-8SN/OO\`^&NH?M0?7QUT1W@^Z>3Y8_K$ MK4VS@FN;*8I3%*8I3%*E?[)6BA8=^B7!&QTQ)S16LJX<5*23<&N3Z-F8-]$J M3T`?Q4[--BQ?.T45Q%0%=#B```=)IY[@]+^V./9 M;A5B`VV^W\LD=VN'V^L_:A)$&A!)0^>0RE>)=EK`D`[;[:V:L[5J?Z8I3%*8 MI4:G:Q,Y9SR@3RT8"G4Q]VICR9.FNFB"<09ZX9*BH4ZB9ETSO7B!!(0#&'BU MTT`1"&._J.=^[V5H+\*9,)?;;J7*GR[2NP7_`"5H/>2LK\.+^V?0:I".T[]%NV0AT"&XCX M0$.@0$*R]$!`0Z0$!R7.^[V'@^N-]4U;QWA>SL?Z<^@:A7T#770-1TU'3IZ! MU#I^`W4_7IO3-1CK M_MS+]8?TJLKFM5B:R"Y3?:CY=?71MW]I6&;;R#[\:/\`U+'^L6LWRU[PX/K4 M7IBI_P#M?/9')ZUJ'_%FLZP_$'[@#U^#XGJ:>\[W9_[3'^]6K]G$5<]TQ2F* M4Q2F*5+EV1=%")K]L5="O:)LMPAB%.V_P;Y,[ ML\/MM7.6'BXH5:Z&_:$,MN)=EK`V!VWK97SL^I[IBE,4IBE:WG;*,98F_6V; MM?C2AG^VO4QISN$A1._96*1"34*@"HG0,DD\;@)CE(!M0T$=!TXW_$7'..:L M)WN,9\*R[1;B$C<6R^RP*[3:_14$=Z:2C6<=F^:;'V;>D,;_`!BH>S=)C")A M-\8?C#W3=/='I'I']W.>COJ+S7YSRE,4IBE9=\J8@"UYU$`_`U_NCI_G)7)# MY"WY7DC_`'ZV?EO?-_A_/5N^9`0'=%WH(=,#!>[^(6S#X>=_3CZ"U/6N>[>1ZK^Z*UM\XTJ!:8I4HG9>?37>#ZGUCY^>9. M/+ZQJD3N[^]Y7T2>D:MWVDOM!Q7JPJ_SO9\P_?+[W1^HQ^G+5AS[ M[;7U=?2:H_\`(FK2J^:W@5?YL_\`%'/&\T^2O&\T^2MDBV>R%-_\N8_W=HYV M5J'_``]D_H__`'>IZR?==_4/\JM;HO>E_@A]S.-ANJ!JYQ2I?NQB]H;=#U,. M/MQ5,Z$_#C[WYW]-/UT52=W5>W,CU3_,2NQVT'I[VF]4*OVSG,^_Q'^]>!_3 MS]<]?7>K[:QO5?\`,:H>@!]WX`[H_N8I6PORET,*KV<_, MS84;/2+$SO>T>Y\N1W5TG)3PSUAM5-1\C!6D[ABV54EX=4I05`H'(4##PZZZ MFZYY!TK[#W/:UEK/BS1Y6GY+7B!ZC+BNK)+=02Z'?:X\'CF[EK#^SX'67IZ/!4C_.)5Y*Y\KF^M)@S:ER/JF'CJ'G;#D*@])4<7A&W9L M/0;&M[YHQY,OE[,@B`:0P-8'Q"_Y=FSQUID%,!BE,'<,`&#W.@0U#HS\Y!M% MZY6KG%*8I3%*OCRR^T3LGZR:S^FES:.2?>_3/78_2K+\O^W,3UA/CJ7#M%)% M_#[&5V6BGCJ.DXW=FHOF#]DNHV=LW;:+LRJ#ANNB8BJ2J:A0$!`0R?\`OAFE MQ^5X9X&9)TU")E8&Q!"R$$$;014G\]N\6CI+&2LBY2$$;""`^T&H6'6Z&Y#T MST7%\MQRR$VYLCQ`+!*$;*SSQ;KW$MXL1R5`CTZFFARE`2@4`#0"@`U_'Y!T5$K:CGN3Q32]9RQZQMQ':3:^^J=E[%8+` M$<6>G)>;"'8)142$M).Y`(R,1\#'L`=K*^*LT_<3)H4-`Z.@,L\C,R\O@^U2 MR2]FG"G&Q;A4;E6Y-AXA5"6>>?A[9V?A6PXB38>`7W#Q5-;V:7H+M/K.E?L] M7,Z4[EO=B?UY_JXZEKD#V-)ZPWHI46?-)[1V]GK$GORJ>09SQ[XZGZX_QU'/ M,7M[,^G:K#9JM8:KD;->F#:CUET3[4Q69GESWAP/78/K5J_TKVIC>L1^F*FU M[0[V:+)]Y,WK,'IU+?/'N_)]+'Z50!9R=4*TQ2II^S$]%NYO MK#8_9AEG2?JM=M/27MKZQ:)]JXC,GHOMK"]<@^M2KO`^_ MP?3Q^F*VE.U`]BC=G_6J%_>#6,[C[[_^&NH?M0?7QUT1W@^Z>3Y8_K$K4VS@ MFN;*8I3/:4Q2F>4J,?' M<%55KT4V2_TEN5(P`NY34$Q>D!Z<_#=E*N;J6&SP`LD;!2!VS&[`E6O?LU`Z MR@'K,#<5+O=1,!D93*Y;S(8@&D,)('[/6/PV&R MM-X!`P`(=P0`0]SH$-0Z,_.L;1>N6ZYQ2F*4Q2LG^3#VH=G_`-?2?V8GZ'W)A]9G].IJY']WX_I9/2J M$K>7TP;L>LN]_:F5SF?F/WAS_79_K6J)-5]J9/K$GIFK;YAJL*R`Y4O:4V2^ MO\5^2=9MO(?OGIGK:_$:S7+?M[$^G'YZE%[2WT%U7UG17V>L>3AWT^Z\'KJ? M5R5(O/\`['C]87T7J#K.8JB"F*5.YV;_`+.SGUDVS]"K^=3=S?N@WKLOHQU, MG(7L,^L/\2U$;S(^T'O7ZSKA\\.F],U&.O^W,OUA_2JRN:U6) MK(+E-]J/EU]=&W?VE89MO(/OQH_]2Q_K%K-\M>\.#ZU%Z8J?_M?/9')ZUJ'_ M`!9K.L/Q!^X`]?@^)ZFGO.]V?^TQ_O5J_9Q%7/=,4IGM*8I3/*5.OV+$XD5] MO;7%7U60.=.LRS2.5;)$NF<%57KD8D@0JJ()&`CAP4_$'$(#U M%^&W*42ZGAL\`)$;A2!VS;P2#>YC4``BVQF!OMJ8.ZB8!\N`M&/,(%OXAW@D M&_FCI%MY!J?+.K*F>F*4Q2F*5!UVU-8D7%5V/N*+1N>+BK!:("0>@0`=H.IB M/8O(UN=05>([1P6+7$"@00*9&#AE]T.9"$1BJ5`I%V7VYEDK M5+-ZT*44,>HJY_9\\._%&0;L+6Z*FF$E&E!PU?D0`W&)TRA>';V?`UF"RFP[2/K*X6][@57U^&(ZCGPA84'V2)N-@FRVWAX M3M`<_+7:&MON*QEF8B.:;[;*RX>=_3CZ"U M/6N>[>1ZK^Z*UM\XTJ!:8I4HO9>?37>#ZGUCY^>9./D:MUVDOM!Q7JPJ_SO9\P_?+[W1^HQ^G+5AS[[;7U=?2:H_\B:M*KYK> M!5_FS_Q1SQO-/DKQO-/DK9(MGLA3?_+F/]W:.=E:A_P]D_H__=ZGK)]UW]0_ MRJUNB]Z7^"'W,XV&ZH&KG%*E^[&+VAMT/4PX^W%4SH3\./O?G?TT_715)W=5 M[Q2MGG9>P$FNREMSLKNJ/G$=RU[RQSEG6&J+5O'* M1E+M*"$7.-$G+@?VA*T33.].?JS+G4ZS@`#@(]MXC(D#8[.FC9BD1@ M`+PPR@*X!/\`$M8N38L3>VVN@M*G[7NXE:\19<"<$(+`6C>P87/6M8MNN3>V MVI!=YVZ3K9_=1NLY\226VYNI%'FAC>*D&MR7$Y`I#IG$40^-T&*/1T#DMTQ2F*5?'EE]HG9/UDUG]-+FTNQ^ ME67Y?]N8GK"?'4L?:2^SY%^L^L?,]HR>^^;W2C]>C]"2I,Y^]AKZRGHO4%>< MN5#E,4J<7LTO07:?6=*_9ZN9T[W+>[$_KS_5QU+_`"![&D]8;T4J+/FD]H[> MSUB3WY5/(,YX]\=3]%,Z8[WOBW'*_;'H+6,&:16O56NVGI+VU]8M M$^U<1F3T7VUA>N0?6I5W@??X/IX_3%;2G:@>Q1NS_K5"_O!K&=Q]]_\`PUU# M]J#Z^.NB.\'W3R?+']8E:FV<$US93%*8I3/:4SRE25]DV_,TYP81L5/C\J4. M[M#G`@FZHB+)L^$PB#=8Q`,=L4->)(NH])AZ"C,_<++V?>'$EO/Q9AY+`-X# MX/"/S5OO=L_!S0B_I0R#^X'P>+Q5M/9W/715,4IBE,4JSW,*W2=;#[RH+._$ M4C[87D3/.$QA;]76Y%0JH%(=,XB4Q`TT,`YKO-R*_*VHJS<*_89MO@_AL;]' MQUB]<4-HV6">$?9Y-O@ZIK242'5-,1Z1$A!$??$2@.?FDOFCR5R6-U?O/:]I MBE,4K)_DP]J'9_\`7TG]F)W-W[M_?G3OI6^K>MAY4]X<7]L^@U2$=IWZ+=LO M6&^^S#W)<[[O8>#ZXWU35O'>%[.Q_ISZ!J%C.;*B:F*5/[V>/LT5OZYW;YX3 MSK'NA]R8?69_3J:N1_=^/Z63TJA*WE],&['K+O?VIEMK\1K-NI]7)4B\_\`L>/UA?1>H.LYBJ(*8I4[G9O^ MSLY]9-L_0J_G4W MW4_7IO3-1CK_`+II[SO=G_`+3'^]6K M]G$5<]TQ2F*4SVE,\I4G_9'2!FG-H1F5/C"4VXMZ!U.'BZHC8T8\U$P-U3$` MYT2AWZ11]T3#H7)N[@)3'S^(P//PY1^3A;P'P>$?#L%2#W9OP\S=2LCNHT039@4P^.IN:[-G6, M)P.!2@U%J0V@E-J)@TTTZ>>_Q&*IY3PWXK,,X"WA!C>_Y+"HP[U`/Y+`U[$9 M(V>&ZM\5JUMLXUJ!Z8I3%*8I4L79<_*][/\`5:)^7LV3WW'?.:E^S!\?F>2/XWJP/:'G.7F8F2E.\2.=9`-QQ(+^/83\=CY:PO//O`WT$?Q&L&`33`-`(0`T$-`*4`T, M.I@TT[AA[OOY%]AX*TZPHIWA_P"";[@YXVZO:V2^8;V5=S_5`K\U,<[,YP]P M\[^G'T%J>M<]V\CU7]T5K;YQI4"TQ2I1.R\^FN\'U/K'S\\R<>X_VEJ/J\7U MC5(G=W][ROHD](U;OM)?:#BO5A5_G>SYA^^7WNC]1C].6K#GWVVOJZ^DU1_Y M$U:57S6\"K_-G_BCGC>:?)7C>:?)6R1;/9"F_P#ES'^[M'.RM0_X>R?T?_N] M3UD^Z[^H?Y5:W1>]+_!#[F<;#=4#5SBE2_=C%[0VZ'J8J_Y MC5#SG/%1?3%*8I3/:4SRE3P( M&R1#"30`'\(J8/=X0X0SJ7NOF+]S',,-MB0YWP\6(3X!\9^#94QUT87MTV\%2UJ"\>!.E[7A<7\%U-:-9" M=60J8&X@3`$P-H(<0$^+Q:#TAQ::Z>YGYB`6%O!7(0%A:OUBO:8I3%*OCRR^ MT3LGZR:S^FES:.2?>_3/78_2K+\O^W,3UA/CJ6/M)?9\B_6?6/F>T9/??-[I M1^O1^A)4F<_>PU]93T7J"O.7*ARF*5.+V:7H+M/K.E?L]7,Z=[EO=B?UY_JX MZE_D#V-)ZPWHI46?-)[1V]GK$GORJ>09SQ[XZGZX_P`=1SS%[>S/IVJPV:K6 M&JY&S7I@VG]9=$^U,5F9Y<]X<#UV#ZU:O]*]J8WK$?IBIM>T.]FBR?7.D_/" MF=,=[WN3-ZS!Z=2WSQ[OR?2Q^E4`6[WV=D?3CT!4>_.?[4.\'Z^C/LQ!9$?>1[\ZC]*OU:5H_-?O#E? MMCT%K&#-(K7JK7;3TE[:^L6B?:N(S)Z+[:PO7(/K4J[P/O\`!]/'Z8K:4[4# MV*-V?]:H7]X-8SN/OO\`^&NH?M0?7QUT1W@^Z>3Y8_K$K4VS@FN;*8I3%*8I M3/:5(%V7\H,9SH;:)^,`W)+1-XB3@8P%!QUU6D'9&W2`\0G49`8`#01$N2QW M(SF'O(PA>PDCF7RWB8V_*+_!6Z]WLG9\UXXO8,LB^7J$V_NK;'SO6NDJ8I3% M*8I5M-Z&9I#9[=9@1R5F9YMQ=VH.CHBX*W!>M2:8K&0`2BJ!"FUX0'4SX@>$MAS"]KVO&VVW36/U92^EY*`V)@D%]]NJ:T?DPX4R%UUX2%+K[_" M`!K_`(=,_,I=B@5R.-U?O/:]IBE,4K)_DP]J'9_]?2?V8GZ'W)A]9G].IJY']WX_I9/2J$K>7TP;L>L MN]_:F5SF?F/WAS_79_K6J)-5]J9/K$GIFK;YAJL*R`Y4O:4V2^O\5^2=9MO( M?OIIGK:_$:S7+?M[$^G'YZE%[2WT%U7UG17V>L>3AWT^Z\'KJ?5R5(O/_L>/ MUA?1>H.LYBJ(*8I4[G9O^SLY]9-L_0J_G4W]?K.N'SPYSG[G+WMU/UZ;TS48Z_[\.#ZU%Z8J?\`[7SV1R>M:A_Q9K.L/Q!^ MX`]?@^)ZFGO.]V?^TQ_O5J_9Q%7/=,4IBE,4IBE2*]E;*#'\;&6]A)!.OE_AEK?_`"W^ M"MY[NI"G-,*WL&CD'EZM[?W5M:9W=71U,4IBE,4J);MC6!G'+14WOC14B1V[ M,`8S84!.=V=U!V-N3A7`?P`(`)C#J`\?7BL$SX]EM]TD&_HM MO\=1KWI)Q:!$][!>O> M%OH8_B-8.Y&%:?7X4[P_\$WW!SQMU*V2^8;V5=S_`%0*_-3'.S.Z/U&/TY:L.??;:^KKZ35'_D35I5 M?-;P*O\`-G_BCGC>:?)7C>:?)6R1;/9"F_\`ES'^[M'.RM0_X>R?T?\`[O4] M9/NN_J'^56MT7O2_P0^YG&PW5`UT-NAZF''VXJF="?AQ][\[^FG MZZ*I.[JO;F1ZI_F)78[:#T][3>J%7[9SF??XC_>O`_IY^N>OKO5]M8WJO^8U M0\YSQ47TQ2F*4Q2F*5-KR"RAW'(#SV0YG`'+&4S<]VFUX@U;A*[.3(&5X0`! M`'!F'='77@^#.E^ZF))2"7&!NGB$>$3%T,/YK:[H_3/78_2K+\O^W,3UA/CJ6/M)BB M'+Y%Z@(?[SZQ\SVC)[[YQ_Y2C]>C]"2I-Y^'_@:^LIZ+U!5G+E0W3%*G&[-$ MHCL7:M`$?]Y\K]G:YG3WT M/_J)/?E4\@OGGWQU/UQ_CJ.>8O;V9].U6%S5:PU7(V:],&T_K+HGVIBLS/+G MO#@>NP?6K5_I7M3&]8C],5-MVAY3!RSV01`0_P#>E)^>%,Z8[WA_Y)F]9@]. MI@*CVYT`TYHMX0'_P!>C/LQ!9$G>3[\ZC]*OU:5H_-?O#E? MMCT%K&#-'K7JK7;3TE[:^L6B?:R(S)Z+[:PO7(/K4J[P/O\`!]/'Z8K:5[4# MV*-VO@=4+^\&L!GTI MGE*8I64/)18&]8YL]@)9TKU#;^T>'C%EA,4I4R3Q','Q'$P@`)@,B'%[NGK8>4YAC\RX4K&R]NH_^*Z_GK!:HPTU5[)#$(V@AT!W0 MRTSX#DX,V,&"F2)UN=PXE(N?$+WJADQF;'DB!`+(PN>BX(O\%:4&Y&V&O-%L\`?^O2?V8G(^^S#W);[[O8>#ZXWU35O'>$/_#L?Z<^@:A7SFRHF MIBE3_=G@4P\L];$`$?\`WI=OGA/.L>Z$?^28?69_3J:^1A_Y>C^ED]*H2=Y? M3!NQZR[W]J97.9^8_>'/]=G^M:HCU7VID^L2>F:MOF&JPK('E2Z>979$/]OX MK\DZS;>0_?33/6U^(UFN6_;^)]./SU*+VEQ1#8NJZ@(?[SXK[.V/)P[Z1_Y7 M@]=3ZN2I%[P!_P"#Q^L+Z+U!SG,51!3%*G=[-XHCR[.1`!'_`'E6S]!K^=3= MS0_\H-Z[+Z,=3+R"/_`SZP_Q+41G,C[0>]GK.N'SPYSG[G+WMU/UZ;TS48Z_ M[0??G1_P"I8_UBUF^6O>'! M]:B],5/_`-KY[(Y?6M0_XLUG6'X@_<`>OP?OU-/>=[L_]IC_`'JU?LXBKGNF M*4SVE,\I3%*RTY$K`C6>;W861<*]2@O=T85143%*4OE^/?0Q.,3"``0RCT`' MW>GHZ3IQC\SX3L;`SD2:%$IBF5T`VA=3!$??;ID>I\AS=KD18\<$J2W>_7X>("-;?+B^ M^V^M([P<-X"[1?F>2/XWK'_M$0$.9J6`>C_V-1OT!WFI=[_OM)ZK M!Z)K"\]>\+?0Q_$:P1ZK^Z*UM`(W7>'0-?_9] M8^?GF3CW'>T]1]7B^L:I$[N_O>5]$GI&K=]I,`AS!Q6H:?[L*O\`.]GS#]\W MO='ZC'ZT-NAZF''VXJF="?AQ][\[^FGZZ*I.[JO;F1ZI_F)78[:#T M][3>J%7[9SF??XC_`'JP/Z>?KGKZ[U?;6-ZK_F-4/.<\5%],4IGM*9Y2F*5* MMV?5A13Y>^T)J9E-%W/+K:[&DD)BZ'2:46]1;A0I>^$4SNDP$>X`&#W\G;NE MRU'*7-V`3UVT>60#Q""=3^2X_+4C-TG!=OR1R`_&*V99-N9Y&R#0 M@G`[IB[;D%,0*<#+MU$BB03'3*!P$W0(F*&ONAG:01_=6D9N4ZG(V?D:$^5?,V%&D9&O$@%5S^+L9)E).SS2JSTT M<[8;DA(6*\-]@()XMGA+7N?@O:U6WS#584Q2F*5ZS.&GW";)['1,TND]D0C( MUXQCWZA'(;:JK%,P#HKD%K`@':W@!'3XAMKN&B;<]*W2/&VAZ1U**Q#5)1I,.B.)I MJ`]?&-TSIJ%5E6Q=>-$H"LF&NI0Z!XQX-]>"LBLW65;N$E6[A!0Z*Z"Z9T5T%DC"15%9)0I5 M$E4SE$IBF`!*(:"&N6K*R,4<$.#8@[""-X(Z"*HD%258$,.BOVV;.7KE!FR; M.'CMTJFW:M&J*CARY75,!$D6Z")3JK*J&'0I2@(B/1Q'&"TC&P`!))/ M0`-I/DHJL[!4!+$V`&TGR"O:1BK:W`$VT;9VY5)<8,$V[280(>>``XH@"))D M*>8`NFK?3K]`[W+E8-0061)P#)P;`X_B?H;/E_J^=XJK"/*78JR#K<.P,.M^ MC^UXM]=)W%3:"*TA(1DNBW+(KQ;A^^9/DT0EVX"9S'+NW*0$"21`!%1$QNM+ MH.H=&4I(,E%,LJ2!.,J696MQC>I)'G#I!VU\/',H+R*P7BL20?.&\7/3X1OK MR\HU3KTVL3-.&Z4@RBY9=J:00C$7[-B]5;C++\)FL>D[02,GY26U`4TBFZTV MH<(=(963'R7031)(8^,*&"L1QGJXD\[AL>+SOT=ORO%OKR'+9RR<+LWC M==H[:JJ-W+5TBHW@':>@56[/)C!ZLB@-PG8PLW0#X_%OKHNV$NF#IT_92A`;OS1; MUT^;/"]1*ID.8\:[<.2?@Y%--$PBB57`#\)+`[&'R2 M3\H6\T[=FZJ;)*+LX;8UB2#O\!)Z?%OKSLHU\5ZK2%G'C-:5CX>8=Q[-ZR8+ MR;&.?.&362?G*2.9*OFZ)T$'[Q40!!,3@HH80`H"(AEQ'C94D9GACD:%6"EE M5B`S>:I(%@Q/FB]R=U5$BF=3(B.4!`N`2`3N%QN)Z!O->F_C;P07C.48W(/$ MY5K!R#.20GQ!M..RG680SQL[*()2[LB)CH-CE!=0"B8A1`-)(QLC#OG M,9+Q[Z*DV2O4O(Z2:.&#]HL!2GZIRS=)I.$%.`P#H8H"("`]P0RVFAFQY6@R M$:.938JP*L#X"#8CX:I/')$YCE4K(-X(((\H.T5TLI5\4Q2F*4[O1GM*KW:J M6\@;I;:SG&5((?<"FR)E#ZB4B;.Q1RRIA`HZCHF0>@.Z.930LC[)KF%E7MV> M7"WY)%)_NJ\TZ7L=1QYOT)T/Y&%;Q1#%.0IRCJ4Y2F*/TIBE,4KQ;(R5DZ[/QR'6=?(0LJR1ZH2E5ZUVQ703ZLQU$ MB`IQJ!H(F*&O=$.[EMFQ--ARPI?B>)E%M]RI&S=\8JCD(9('C&]D(_*"*TC; M](3+>73TV`KDO-DE60XC$B.$E0O0"" M;[/#>]S5!9B:LJ8I3%*]ME!61<8Q>-AI]4TLJY2A5V$;)'-)+LRF%XG%+-D1 M%XJU(!NM!$3"0`'BT`!RZCQ)Q)?$YA^207CP'R@2.**:Q72S M$`$%@2XC):#Q:=.?0Q\^<(`D[AR>#8[<17SN'?]GDR&W3;=TU3X@)1$I@$IBB)3%,`E,4Q1T,4Q1`!*8HAH(#T@.6F[8=]4*[ M+)B]DW:#"-9NY!^Z4ZIJR8MEGCQRIH)NK0;-R*++'X2B.A2B.@"/<#/N**6: M010JSRL;!5!))\0%R:^D1Y&"1@LYW`"Y/D`KV&D7!;>1T@;1TUYCF.E4&J,F\CY)%F]&=8Q/(CB)F(#$&Q(\X`G82 M.D7N.FJ;1R!1(ZL$)(!(-B1OV])'370RE7Q7L,X2P."Q[N.B)M?$-M?7R=:9`S1J+*R/SO7[B.8-CMY9V9W M*LN$'C!F@RSIBL?#,Y9RJBSF[+O4#;=A?:!M M%]M>\&3(0MI&)8@#K&Y&\#PD=(WBO$.0Z1SI*D.DJD2HLJR`%N'8&%V_1_:\6^O* M7:2!4?'W39\#==VX:`_':B3!W'7)VHM.*5U%B[:SSDRUE;\/6P235# M?5/NVCM@Z"#M!'2#5%E9&*."'!L018@^`@[JZ^?%?-,4IBE.[ MT9[2KH;(3`5[>C:2<,H5(L3N527RBAP$2D21L<>*XB!1`3#U(FT`.Z.9OEG) M^Q\QZ?E$V$>;"Q\@D6_]U9#29>QU7&FW<.1&?_F%;O`"`@`AW!#4/W!S],JZ MWKG%*8I3%*CX[3B*=/>5:;EV[0[U.FV^HW!XF'`*"2$0]6(BY>D,(0B3OL@>7D67(12RXV1%,?``A-B?"`Q798^2UZTGO`C9^7'E M`N(I4<^"RD[3X@2/#Y+5JG2TQ*SS]S*S4B\E9)XJHLY>OG"KEPJHJH=8XBHJ M8Y@+UB@B!0^*4!T``#HSA*?)R,N4SY3M),Q)+,;DWV[S\5 M2;FO.RC7Q3%*?_D`!TB(CW``/=$<]I50'AK7%>41/%6:+\FE9&EQ%C+L/$"O MQ_\`+AD]$D?%2O!-^`ZWAZS7XFNN71QL^#CO',G!P\?5=>'B\WBV"U_DWW]% M5NRR8^+JR+PVXMC"U]U_!?HOOZ*_#V#LZ9I):2A["4\.#0)A:0CI3CBRO``6 M(2:KI'B8E=%.`H]:)0.`APZYY)BYP+M-'->.W&65NK?S>(D=6_1>U^BCPY`X MC(LG5MQ7!V7W7ONOT7KPLM:HUW&\=(NVSYXTCWSIG&)IK23MLS<.&L'44#B5<@*@!<$/90WFEK[@W1?8>BJC)E*&#B4!0.*X;8#NO M?<#T7WUY#^.D8IT9E*Q[Z,>D(DH=G(M'#%T1-=,JJ*AV[I-)8I%DC`8HB70Q M1U#HRA+#-`_93HR2@#8P*G;M&PV.T;JINCQMP2*5?P$$';XC73[G2/0`92KX MKWQAK5&B^'R39(TS!BUD9,082S$6<8[$`9OI`2I)"W8.3&_!*JZ)G'O1$$`G8PL#N)\`/03LKXN(J MQJB^5=QL\J:*:M'4FJ[922IXQB]*FHP<2!UTC&8M'9%RF1.J)"*`F319OG":P%32BW9U2D25,`(J"8"E$1$`RL\>?&I$@G M"A`QOQ@!&V!C?8%-P`3L.X559,E00XD`"@F_%L4[`3XCN!W&O)=,WC%4$'S1 MTR7%%!P"#QNLU6%NZ1(X:K@DN1-047+=0JB9M.$Y#`8HB`@.6[QR1-PR*RM8 M&Q!!L1<&QZ"-H/2-HJDRLALX(-@=HML.T'X1M%=;N=(]`!W1'W,^*^:JA.MW M>/.LHA`7"/42@26-RHA%3K)1.L*&+P3S@Z2"1BP"A]-'1A\6$?\`*Z,OAAZG M$25BR$(B[0V5Q_"_YPV`_A_K>;XZN!!EIUOU(Z&1GG9W,?-/5&%==%*LVFG)ED53M(-RFJ"B;DW"W.4W$4P@.N?+ M8NHRDEXYW*1AS=7/#&=HJ$4[B(I>PR*3AO M(1,%"2!YA)^[\KF>1].ZQ]6X/5OMY$V*I6,N;@JJGBN>*X7 M9OV7VDVN3>L;%JD=&K6YLFO.)V:-FF[M&QJN:HBZA+? M$588Y)O%+1Y8MO+V-64?K-EE'9S+D(1(12.!]HT_.Q\;`2%L@!I1(K@B0F(% M)4BX0%*\(>0RR%27/$`%ZIOF,7(BBQEC,H#/QA@0UTNKJEK"U@S%V();:`!L M-[EJ;K45:1.]&41<(.4SP8Q$FPGBQCE5D.XYU9V?%DV%TG7K<6UMD'?B9AE2 MHKN-"IF3(<$AK&W:]9K"_"_&`>'KV+;K"L:[Y*LIRZVN9C7"[N/E)V0>LW+E,4 ME56ZZPG3'JS)I'(B0/BI`+*U*?)A):&25F!.PD$[/!L M\%Q>UK[;U@,R1)LN26,DHSD@GP'^VSIMOVU\*>,>%FA_*\VYKD4+A4DE,,_' M`=-F"C1PF[10/'MGCQ%210.9KUA$E!2!<3B4P%$!^-/,(S8_M$IA@N>)Q>X6 MQN!P@D<0ZMP#;BO8@5\XO!]H7M7,<=]K"]P+&]K`G:-E[&U[UD*AN?75T72D MM/L"2,BA,5L48EC8C1<4J_D["\C+&RLV1*G:N'CLBR<*\32%91=0>%594W=IL/5.\YP:A`03*Z\;!DV!K"Y8A MQ<7LH(7]+9NJFKUN#7YNI6"+;/&%3A3 MI2\EUJK=4H!(B5T9-8A2IZFLM4U;$R=/E@1E>1FC5-D@;A0\3.U^I9FN5/SG M6*L`!MM\S.AFQ7B4AF+*%V,#93JE<`Z*E'HII$$QC@; M9](S\;"Q4[2<<3RD.A$A,^C=JHDL14]E24!K<*RF!P93XJK-HW9U_M\]N:(' MCB@""=@2%N*/A1>+:. M(I&B%MMCUBI(N`;':`:Q69(DN0SQFZV47\/"JJ3MV[2+[=M>=5S-R6.",\G' M%:9EE&8N[`S(Y4=PS7K2^,OVA&:2[HSE!'B%/@(ZCI(MMN*OC-7R!D8*49&G8])T`C7 MXV/C4;(I'$C#3^VKZ`F4GKV+:N5DJS7:8=FNJNF1\JX3(9-(Y5!$-GR=5Q9L M62,RH'^;55$G#P]IC-&X8J"1''"48L`Y8`A2&K+S9D,D+)QJ&\T`<=K<415K MD`V1(^$DCB)`L#>J8N\[`23';WB3M,,U(VG$C24(=I:RJ2J7CL8 MW;MA*>;0(9-OM4`>>!9B&W M[-E6^7-!(F0$D#%\KC46;:MGZVT`#SAOL=^RK,9K=8JLE]EKY`4&':RDA;D2 M/#WB+1DJJY;V1PI&4I*5JJXFE8ZSS9`$ARE#1$2$K"&B=WC`4QF1V1+EF4JD-EN7%L]I.9#A1"1Y1 MQ]L+H>+9'=&9E`4J68JMR2"%CL+EA;UEK=3WK)Q#EW1\BK-+%RVL"VIC&VX[ MYTCMQ3)NLV^_PJ?D3KBGBG$NF+,'7B[YPFW`Q4N@"C7;4-.DB;&&=V;+-IR] MJJR\1&/"\868MJ[`0S"%@8\',_&Q$P^>,(I M@DDY<+MTS.')5%`#A,7-9UK)7+U)Y8V1H`J(G!QE1'&BHBWD5'8JJ@,S*.)K MG<16'U"4393.A4Q`*J\/%8*JA5%V"L2``"2!I!_ M(:WI:T_"5KD!*%'B+)0L4_*82&2$P/&*#@!%(Y2F3U!3O1`!#N:9^H.%+V^' M%.-SQ*W@WJ#NKL#'?M($D_20'\H!KVLN:JTQ2F*5^%#]6FZ;[;BV&GQ;F)A7E@?`# M9]$P4&_-($=+C)J/(RN`,2@N1Z8Z6I#***%2`ZAS*&-GYN\[YV#J7-.9EZ)BHX56=2BICD!,A>';;8*!<=4DDN;[!5Q6V[="4E MG$H=ZV,UF%S=57IEC/EB(TL<%L24)8#Q+91T1C8#3R+M/R:=18'2)06X"`;B MS"=W4DJSL03O())N;=/AKUZ(K%(V9F>;F3PD2#:2\?<$/)I%?HC'N-(%=Q#, MW\BU96!3A9N%4T3BFW6.;3H#+C2V@7-4Y4G98]FXCUAQ#A/4)0,P$AZC$`V4 MDU5PS&,@&9^"*QN=NT6/5)4$@-YI(&P$U?E3M( MVP)QM:;/H^MQ);!PRQJTY'&#U.)NV!!3:1K<\?R=I^5NVV"S5*PM7VJUFAXJI1\.I<6R2T\ MPM$=,@Z1LBKFI*NH.XPU339)MXE5DG",GECXD)B)29(N$!2O`#(SN5)8F3S>J;YG'R(H\58NU`9PX:_%=+ MJZI:PMP@N68@DDMNV;?>>W>J22LLJG94F'ENV[N^*&793W70K.Y4:,KL/9G0 M-HY8J:#Z3CU#+D;G5=ID6XC)".H9=2:G@3-(PF"=KD9=KJ]T$T*QI*;*=A92 M6"DN`;E=]5GR\:0L1)P\U65O,NRG[G:IN.XQ8 M2L])/F9E""DHJW7I3Y,-^RDE9 MA?82"=Y'03O^&L1F2I-ER31^8SDCR7W_``[Z^=-&.+9HGRQ-.*]$BJX))RK0 M7I7*3%1BZ3=-$5(YL\>H#+(G%F*J:2@I%7$XE,!1`?G3C",V/[3*8<>YXG'% M<*5(('""PXQU+@&W%>QM3%[/[0O:N8XMMV%[VL;C8"=OFWL;7O5^U-R()^M! MO).RQZ,@6X5`TBG&,K(6*C&U=W'L5NE4&"`=6,@H8AP43` M`XS;6=9Q96BDGF02_:(N(*LG`HCR))3(MUN5[-U1=G:$@W'2W"P4;.+?<=)M38).(6IKJ-:SK9Z]_M6M$ZA'I(2Y#&A)&)C MFC662.[CF[--)TNR-^"%0KD`$HG3#ITP.7-CMIS0QRJTOV^5PH#^8R*`XNH% MB5W7#;KBL;-)$<4QJX+_`&EVMUO-*@!MH`VVW;_"*MIF%JPK)O;&\5^I5"'; M.[PW3<34M.QMBB7C>U+NJ=!+1TVTKCF`0:0R\*9N>U3(3DJX1="^X&J"2*1C ME5*INNB:IB8&GQQODJ'EDD61")284*N(S&`A2W:OV\K!N.R(JJ2&!S^GY<&- MBJK3#B=F#*0]T6S!2ME*VXV[1R#Q;%`%[W]U_<:%8%D6SC`LLW$"F+EW+J.E9;!'S3% M%]O0LRB4.8UPU@>12$/#VS*5Z7`?B9-A%5GRL*H)QEX MEN`ZG5%UZ5.`FIS\/O!TCGTFUA@7.TV%=^&?*Q,Y#R:)N!:,F8Q M^D(`,GJ)1`=>YE7&E;'RHYUV,DBL/@8'=7W$YBF60;U M8'\AK>EB7A9"*C'Y!$2/H]D\*(D,F(E4AT M8U\W81$%.&*:1>MFS-1S'V0P1)F0O3)D44.50Z('ZQ,ACE+FC=Y&?A:=R7G9 M&HH[XAC"L%1'\Y@!=9.IP\5@202+W`)`K7>:\G'Q=`R),I6:`I8@*K;R`-C] M6U[;=MMX%ZTW53E4554*F5$JBJBA$2#J1$ISF.5(@Z%U*D4>$.@.@,_.LFY) M`L"=W@\7P5RV3M#>40(HH,=PN$Q\?!-$ M!64%EIUH%(`G-P:%Z=,J1;)5/%P=8=;?P[1UK#:>'?LV[-E?2&SJ;\.T;?!M MW_!OK*9ON948IV?K[`E,Q=:>.$HAJV;V%RYM4&^CF#!J>04UK3X)#Q3"2"!B$`$A,J,JJ.(LJW<,&D?BL+O9+VL- MB&H8T;;9`\<9/"`&)=2`!=01D0DF#-9".=(N$+)(MBL8]W&.)M: M&$\:U*\5022(]55$VI29GM)RXL*"69Y0)N)0(SQV92")&'"I4N4O&H)W9P)+BR'BL0;\1%@06X>H.(@#B)Z!5V9'TIE[;@%B!\T9%+<5AYW"3;;DI-0Q@A"27=>,WLW7+]IPC:/D<0OQ6& M^U^FSVZUCB;).Q:T0=FX3807BCY['^6Q8/)-[8+!8'BK,;'I,^+)C-E3`JP! MP"02$U(4IC:[KV9CYF4C8Y4JD5B5X^$L9))"1VG7MU[;=UK#8`3B]2GBGF4Q M6(5+$CBL269C;BZUNM;;Y!LJVB8B"J0@H"(@HF(+"!C`B('+HL)2`)S`EWV@ M=(Z='3F%&\;;;=_@\?P58#?X*R2B6)B3DA;+H:4<%7`K1!NX,1)4YD>$^[2ZKA*DL`R!)%&CNTLQE;BZBJQ"DE;'8'S<=5=!*'10>$V[U1!G,I!9$GZH56N)%*BRGN&PO4MCW^VKF%$[N.;<*L18G15Q.X`C*S$A@3L!%U4D*# M87:]]E7%M=TJLNG<2,[*14)*FV\K$5V<\F9X]LVZ+&ZQ=7`IH]0".(6(;G*H M=42,R.#B1-4Q?C9F,_4L#(&0(Y@>/&EX;A]IDR1,L7F[T0$$FR!C96(VU?Y. M7C2"4+)?BB>VQMI>82!-V]5'3U;[`;;:M3?W\?)2L*O&RR,PFA2:3&.G**4B MD",C#UN/BI!F?RFS9+J&;.6A@`Y2F2,702F'W,#JLL,T\;0R"0#&A4D!A9DC M56'6`.PC>+@BUC6-S7221#&P<"&,$[=ZJ%(V@;B/)XZH0VO";0H&'A'0H]PP MZ=P>[T#F+.ZK,[JS>:;K4R&5&+7W"1L<82P,;DO,W=\G&[A?MG#3II M2#8G:RMJL5T0.V0.)HMM&M"D.XZTAA5DR/7=-QSV#Y8FQXE1U?AF+S,%R.V1 M^)%L\LDRE5/\)8U`+\0/%MJZEBQ?PS.)(D"L#9^*0VE[16NHL7:06'F!18M< M;:,:7&O1S)&3C]S(T9Z(V-H%5C(IVUO)(IU;VM:L=9G57_55E9*0DZA"2KE& M-(MPQZCJ2(KUXIH*$-C8]1PX8A-#FI]JCTN")5(GX3,(Y(W+6C(9H49A&&_A MEI`W%92#:+E01KVD>0O;+AQH`1)8N$9&OU-I120M^J2X-[`BL52@!2E``T`" M@``/2(``:`&NH]S-%&P6K71NKG%*8I3%*^Z92F27$5A(8I2"1$$SGZ_XX<>I MB@)4P2+\;4W0/<#IS[`ZIVV\7A_]EM]>@;*R>Y3IDT7:-XVG'PI3O*MS,1BI M>I%45!3VFL4DB4#%*84=%F(")^@-`T$>G-VY"R3!G:C'?JRZ%J*G9?=BR,/) MM7?6P\MRF/(REOL?3LH?_DL?S5N,2+4SZ/?,2+';&>,W34KA/4%$#.$#H@LF M)3%'C2$_$&@@.H=W/T1FC,L+1`E2RD7\%Q:_P5U$Z\:%+VN"+^6M3GF4[/?? MO8-[(S;ENVW!ICATHJRM]<*\7>/';QU@YOXP;,;[*YMU[DG6M%=I6`GQ"= MCK>Y)Z"NTAMOC!L3>L$4V;U5-99)D]51;F,1PJFT<*)-SE`QCD<*$2$B!R%( M81`P@(`4=>X.1:(Y&!958J-Y`-AY=FSX:T\(Y!(!(&_8=E?`Q#D$`.0R8B0J M@%4**9C$-TE.4IP*)B&#I`0Z!#/D@C8=AKP@C?7O055L=G3EU:_#O)8%\V9/6FS.XR[*2D(^* MCWR=8D18O9"5!48]NU>=5XLL+@J)A`Q3B0H!\80Z,S.H]4QC!Q`4A7K%9,##H!C)FT$=,QF9HVK:?]]QY8M_G M+;<2I_O4CX#5I/@9N-]XB=/*/&1\8(JB\+A21?HK\`&O<$,<)H01OKGA' MWL\(M7F_=7&@A[F*5QBE,\I3/:4SRE,4IBE-0SVE<:AW-0U][7/*5SJ'OABE M?I,1XRB30QBF`2AH!@U`0$-0'4!_<]W/I;WN.BO0;;:[R[DB#U!ZU$4U$#-G M@B<`G?MKZ9K.'7> M+'P[1_RUO![;6>/NFWM'ML4]2D8ZR52`F6CU%N+1-RE(1;9P"I6@B86NICCJ MEJ/5C\7W,_3712JVS)U=TQ2F*5Y4[''F(28B4W2C)24BI".3>I<76M#O6BS8CI/A M.F;K&YE>,-#%'4.Z&4,J$Y&-)CJQ5GC9;C>.($7^"]ZIS1F6%X@;%E(OX+BU MZU-.8_L_=^^7QT^E)%FVO=-4<&\GW"M%=N5I%PN/7>)NX/@".<>Z?FKE%VGF496G$]6:.Y+$[;%-K!MY.\65CQ;*YLUWDK6 MM$8R.!-BWV.ES<^`KM(.\^"P)O6#Q&CQ5)1PDS>*-T3&(LX3:.#H(G+TF(LL M5,4TCD#N@80$/=R,A'(REU5B@WD`V'E.X5J(5R.(`\(Z;&U?$Q#D'A4(9,W" M4_`H44S\)P`2F`AP*82F`=0'300Z<^2"-AV&OD[-]5!!U*RV9M,.Z_"O9=O` M-VKN:49$(IY.:O7:;!JX<$$Y5`05>*E3X@`0*)@XM`ZR:S,1Q``VMN%[WMXZR"Z!K;!67$GX68`'@-B2+BQW;O@J@9[;Z\U; M3]HZG.PNJ8*ZOV"J(`D91VD50QOC`4AU&"P%$=.+JC"&H!KF*RM)U3!^^8\L M>R_64C9X`AGO"W#Q6ZIZ:]X21?HK\`&O6->#;NIH/(K%;"8PMP4(L`]6(B).]]S/TXTS+BS].@SH�S0HX(%KAE!!MT M;]W1NKKK$G3)Q8\B,W1XU8'=<$`[NCR54^7U7%,4IBE8E9W8V2VRJ M]F9U>9-.P]A;.9))VK&2)H47*@1$@#-0BJ;=X=8H@IPJE3.0IA(;3HT'O)Y1 MR^=N6'T3!G6#)[5)`6!*MP7ZC6VV-]^VQ`-C6MQ MX;]4VZ#X=MO!6JUO/RZ;N[`S"L+N;55XA=(VHO69CR<09NHLJ@S>!*M4A8D: MR:C=4&PG.4ZG4G^*'#T\*\Q\H&YN;'9L MKG35=#U/1I3%J$95ATC:/$;C98V-MNVQJS1V#],$A48/TP<``MQ49.B`N`E* ML9:128F-+*D_%V?"O%Q\)LUK;;@G:-]7 ML6G9TZHT,3NLE^&POQ6-C:W@/157.>6SF`9%=&?;-[AL?$6D.]=@^K3YD=!M M/K"WACG(Z(D<3/UBB4A``3A_E``9D'Y-YLC#&73LQ>%4)XHV%A(;)OMYQW#? MX:N6T'6DOQXLXX0I-T(L&V+O\-6JEH";@5C-YJ*?1:Q#G3%-ZW.B/&119$X% M,8.`_"JW.7H$0U(/O9@LC$RL5N#)C=&OTBWA'YC^2L=+#-">&52K>,5Y&4*I M5V4V;M=!T[0:.5&C/JO&W":*BB#0'!Q3;^,KE)U:/7*!PDXA#B-T!TY]B.1E M:15)C6US;8+[!<]%^CPU]!6(+*#PC>?!?=>NMGQ:OFN<4KC/*5]%4E$3BFL0 MR9P*0PE.`@8"J$*H0PA[QR&`0]\!S[*,ILPL:^N%J_``(]S3/.$U\G9OIH/O M9Y:GCKC0?\7=Q2F>4IBE,]I3/*4Q2F*4U#WPSVE-0'N#GE*XU#WPQ2N^Q.0B MOXI)F49^->,OI;:>S'BV:9P$#LU73YJ0H*A[OQ1Z## MFT\FY\6!G9O;,%2?1\^+=>[/BR<(\1)`V_!TUF=!R4QLC(XS99,')3=>Y:%[ M#Q7(WUN@Y^C]=5U\E>X7P7?E\+W/=[W[_P![/EMW1OZ:\;=T?#6,,AZ.]R/9 MD^4V/PWT%[KCT@?UA_3_`+[BS29O9&;[$WR;_F.GY_\`6_3^&M>D^XS^S][? M1]/SGC_2^&H5N=[Z=[G>S]]*]K_EOG/Z$[?_`$%_V-_]0^]USFWO,]J9WLGY M_&W^=\SC_,?ZG_G/%44;-![-E]I?[#[KYR[OU?TO':LO']U?[W_L_F=XW>+P^ M.U67'O7'>_Y7G?O_``JGA_S;]Y\.N:WT'=_B\O3XO!6)\.[X?S^*N@GW5?HA MWG^=[WO?\S]]_P!>4QO/W?X?S?VWU\]/^BJIH#Y:/I-X_\`?:9=XGSH^[_.+YGSN_\`T=5HO/'S7GCS?.W_`"*I.3^5K>8O!./D?@^[ M_G/ZP][[_7+";SS\UN.[^WG?GJW?S_D;CN_MOKRC^`#Y)X8O@_E/@2]W\1[_ M`.,UR@?-^3O^'=\7YZI?)Z-_P_V_/7Q#N&[SO0[O=]SO?OO?SY_)2N^U[PGF MWOS?+N\\"MWW_3O^#*L>[Y&_Y7D/]O+:OM=WR?A_M_;97=C^XG]&ODH>=>[\ MN_R_SWW_`,WRM#_L?-^5Y>GQ_NU43_!YORO+T^/\U?%]YPD_,7=<^;O-7>AY MI^]_DOOL\D^>?YOI\WS=WR?S5XWSA\SX-W^'\U?K^1\P^:U/"=WN#X?^N/WO MPYYX/FO,_M?]?P5\KN^1YO\`:_ZU5&IWC7T8^%<^"[_O$OEGXC^1^'BR[Z%^ MY;SN^#?XOT?AJN>C[OO/]C^:O7+YF>^A3Y'&=]Y]_P`Y\@_K#^E_X,N!]W?V M;YJ_M_X?UOTZJ_Z)ONFX?M?!X_TJZL9YQ0]$'FEWYY\T^&=?*_Z[_D/Q?5Y\ M0?/#V?\`-MYWF;SO_7_1\5J\C^<'W;S3O\WIW_K>#Q6JJZCWD1[./R-O],_# M^']6KC%W+]PW#YSR_*\?A\5?F M'\^6/V=?_P"V^C_R9'Z+?BOW_P".XL8_WF;V/_C\SO(OG9/N/1Y MWF_X/%^>JYL7GR2]C[S:KYH^0>:%?D']9?R?YSPYD\S[R_N[YA\S=YA\W];P M?K6J\G^=;V7YOR?(=WZWY[5Z$;W]-]C#Z.3OR[P7@2?2W^O_`.A_?<65H/.Q M_=OYE_.W;O\`2_K_`*'CO7W'OB]D^8V_]_\`6\'PU4.XOHT2]B/Y1$?0'Z>_ M(HGO/O/Z7_\`RY>:S[%'NSO3YCY_ M:5/8[\)#?*/#>=![OXG^7_%9;)\P?=WY&_?YWQ?I>*J0^:/LOY._?O\`B\/B MJK+C]%I#V'_H?;/H!]+O",_,?^U']!^#CR_U#[DWNS]WE^8^=Z/,_P!;^A\- M765\P?9'S3_-^?T>;^O^C\-8-L/ES;Y#X8OG7S=W?_B'YK_*?>ZY&$7SJ^;O M^7YO^+Q>&M.3SANW].[X?%X:W6^7GT";*^;?150/,_FOZ+1?R'\V_>_!GZ4< MH^ZNF^9]P@\SS?FE\WQ5UEH?L;$\W[M'NW>8-WBJ\6;%64IBE,4IBE?!?O`\ M!W1\/WG>'[GP^_\`>ZY\ONZ/AKP[NBL79/T8W7V7_.$I\H]'/G(/I?\`UE_2 MOSC-'G]AY/L/SWW_`'?SO]+^M^G^M6NR>SIO9WG'Z+?\OQ^'QU"+SL?3G<_T M#^D^`^7?27Z$T_Z,?[#_`-)_.,YF[RO:>;[*^_1[_G/F8?F_]1^E^M42\V?? M,C[E]X7?YWS'(4C\QOF]P M\WSNG?\`J_\`.>*U1\FX^9T;M_3_`'?I^*KXL_H)(>G+Y6E]&/1)\O9^;OZI M]_\`'<&;/'[*?VGYP^:^Z[QYOZGY[5EQ]T/WO?\`(^9WC=^K^>U61#P*G@N] M)YT\)W5?E/XO^3^#BS6>@[O\?Y_%X/AK$C=T;NG\_P":ND3OE?HAWH^$[WO1 M\#]]_P!>4QO/W?X?S5\C?_HO[>"JG@?EJ7T/\\,?-'TE[_\`^6_A_P"]IEYB M_.C[M\XOF?.?[.J\'GCYKSAN\_\`P52$E\J6\Q>!7^1]YWW^5_6/O?#KEA/Y MY^:W'S?[>=^>K5_./F;NC^V^O,4\`7Y)X0/!?*?!$[[\5_W]!W>[W0[S[_W\^/R5Y7=;=X7S=W5?EG\PIW? MOOWOXS@RLF[Y'3O\G]OAM7TN[Y/P^3^W]U>A&_YKZ+>`1\\?Z]_GOSK^4_-\ MK0]'S.X>=Y>GQ^']6JT>_P#T>X;_`"_'^:NL[^6R/F7_`,5YO\W=TOFKX/Y' M_#GQ)\Z_S?3YOF]'F?NU\-\XWF?!N_P_FKZ?Y9?H]YM+X3O?=[[^M??SWP?- M>9\'_P!=!_L]WP?_`%54*W^8]&/=>?)^[WP_*?@_H_P:9=-T?G=_K/!X MK5XGG?\`5O,._=_]?@^"JQJ7=C?9J\VQWTP[_P"4*^=OZZ_I/XOAS(8'R/8O MF+\]Y3Y_Z_Z7BM5SC?)^X>://^'?^MX:Z4!YYLOL^>%/Y_\`,?@F_P!%?S/W MOQO'E/%^\3^R=_\`I/,W#YKQ?GO7Q!\Y)]QW_*\WH\SQ?\M5_8?/\P^9YOF_)_6\'ZUJO)OG6]E^:=V[S>CQ M^#QUZ$;W]2]C#Z-S?R[P7@R_2G^O_P"B??<658=^/[M_,OYW^;_K/T/AJK'O MB]E?-MO_`'_UO!51[E^CI#V(?ED9Z/OIU\FB^[^(_I7P=;EYK/L@>[/GK\Q\ M_N7^[]+_`!57S_N/_P#"-X^:^TWR+T:47S;YO\`HQ%_(?S3^3^]TS]+N6O=W`\W[E!YOF_- MKYOB\'BKK72?96-N^[Q[MWF#=XJN=F;K(4Q2F*4Q2K>;G?1"9]'G@FGI.^B' MRK_XS^*_D?QN8C6_9\GW3.K";R>:& MOH#]'6X_G#Z6_1`GHW_$_P!)_-^KS5.8_NZ^R?NF1YWSOS/_`%?Q?I?J\-8; M5/FA]R^8EW^?YG^B_/XK5K-[Y?+(+T*?0ZF?1'SGW7?TK_VI_P#5?O.ISBSF M?YR'V;]VA^:\[I^=_P!;_P`[XN&H!U?ST^Z?-)YF_I\_]?\`3^"K,Q??,/-O M@U_-?\X?Y#_MI_1?Q/#FNP?(\SI\W]W_`%WZ/BK%1_)\WX/S?ZSP>*KG;E?( MH7T^?(R^DWP/RPGF[\9_*_\`9S.:S\U%[5\W_K.[SOD_GJ_S_-3[[N_TN[?T M?GJSSCP:?F7N&^6^#[Y3P/P_][BS7'\T?-_#^;^V^]8UMWR?A_-XZ^*7@_\` MY-[U7PWAN\4__=^\^^TSY'F_]6Z=^_\`M^>OD?[+^W]ME5,AYI>_1'S='^:/ MD'G`GTM_./Y'\=P9>K]W?[OYB^9YOG#YWQ^#QVJX'S;?->:/-W;_`)?C\'CM M5`*^[YN^4J^!_@!W/S/]Y]]KF(/^#SC_`&_9\%63?X=Y_MY*^"_A2_)O!I?) M_!>#+WWXW^4^_P!<\;?T;NC=_P"_P^.O#OZ*^7N)]YW1_=[H>$^#WO@SYZ.B MO*[YN\+YL\,T_GN\-WWYK_+?X,K'=\C>/+N^+P_!53P>;T>7^WAKVD/DKOZ$ M>`D/E'R_PZ7R'\X_HOXKBRZ3YMONVYM^_?T>/]'Q7JJOF'YK<=^_?T>/P>*] M>,V[K3S;\J_\5WO@T_EWYG_W^++>/Y/F>=T^0>=^K^>]41O'F;^G\_B_Y:]% MCWP_1+PCWSGW.\'N?B_Z/]]E5-__`%?Y7G?VW?H^.JJ_[+X?[;O!7OI^J=S^KOWWP\.7*_/?]1\[I\WI_\`E_Y*J#SS]V\[_#T_W5WG_=A/ M0U\E2\V=SPR?TA_.OWWXO7*TW^B]F^:/-\O^D\?A\5Z^W^1]UW='[WCKXL_D M++T/_2*U>MMY\CC/99^2/_`*?^?C^++C1_FX_8?FM\_ MYWFCS_'^]>JF%YJ^SMQ^/\]Z^37OHOV3OI`T\+WG@'7G;^HOY3\;P9 M\Q;T]@?/#?Y#Y_ZGA\?#7J_)]F_.#\_G?J^'QVJY-?\`/$M[#/TN4\\>;O-" MWFG_`&8][\YUS-8GWB3W8^\'S_-\SY'^J_>J]A^=;V1\[T[O-^3^I^>O(W"^ MGT!['/F(OT'^AO@FWGS^NOY/_MY;:O[6B]W?FO\`0_,[AY_Z_@^&OC-^^I[+ M\S_1_-]'G?K>"O:C?.4=[$/FIUYZ^0>:?.W;^GQ_FJWN_GF]I[.?TPL/H&\-X)OYZ_J'^@??\>8KF MOYE?8_WB3[COZ//_`%/^;^&K+6?,_P"H?.M]WW_XOU?T?AJW^S?GFT^8/1CN M[YY^6^B.^^8OZP_ZM,Q'+GWF?YK[CE^?O^Z3^9^M5CI7STGF?=Y_.W_,R>;X #Z__9 ` end GRAPHIC 17 g318554ex13_pg003.jpg GRAPHIC begin 644 g318554ex13_pg003.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@!EP)M`P$1``(1`0,1`?_$`-<``0`"`@(#`0$````` M```````'"`8)!0H!`P0""P$!``("`P$```````````````4&`@H;#6:Q`UY'.A;99-Q%C&-0K*]C\I)WG_`\@3\5^;.W-?ZTY+--#/.*VV[AHF#F-GJ0.O&>KDW&SZ1 M.4^HP2"\8TL*D.I+P2CY9,C@Z/5(+H:>D-\\?>0'`&#M_)O;7(2,YLZQVLCN MJ'VH>E.X"(VQ2]/P&Z(;8FGF%6IU86UK7C*,9N(7@$%G$4HSD&)L)E6LR-(C+)LV0HL'NZ02JY+*YE,1; MA5=PXR^5PR,Q#*.-7IIL^,Q[#)2Y28M44PRRN>GI4G-OB;5O[>F M^.6R%/UML;4NN:SON0UHI`4RF;<@6E2V.LX+K'6FMY*^W2V4YJ:'<3UCQ6IY.3>(MOE`KC&7#Q1R%]P$`4?9UCL?(;?N MK7Z466M:RJ>CYNNK-FJZ<4_P!RW4`N&``````````````````````````````````````````````` M```````````````````````````````````````````````````````*>:I_ MK.Y@?R\XI_N6Z@%PP``````````````````````````````````````````` M``````````````````````````````````````````````````````````!3 MS5/]9W,#^7G%/]RW4`N&```````````````````````````````````````` M```````````````````````````````````````````````````````#Y2/F M2CUQ&IO&IY%HU9O73`CA(SULSD%7J#!VX:E/E=%J^6C7)$5#%P14S=3!HI&,.:S/=MLW9LN3HE;USS8UKR/MMRTAN6S[,>\YI_ M6,'MG2#BX0[/7-=L>LV"L;7:R2KS-5KL]4$5FS]`S])9T$V+U!OIOD0XG.%M MHWIMRU<3M2\E[#S]Y#[#VM?+S2=Q;$QH^S.=;:'M3&5E5]=7'?K;<#N(M3EA M68MBTUY"1AXO)8Y.6:QJ@07>W5CX<<7N#7+?1&Q=HS>^>1/%/?=IWK.6O:%V MV*RWW:T_35W;RQB]F6FJ7"P3U5Q8*INC6,8[BW$:S9I1T6_<1;Y'^F3C4=XV9-_%MI[:I_K.Y@?R\XI_N6Z@%PP``````` M```````````````````````````````````````````````````````````` M````````````````````````````:X]2>E+PMTAM1':NO]?VAD^@:K'5?6M5 MF-K[7M-(TU[LCLYC)3FHJS:+M,1E`G)2&VM)L4EX\B.8=HJJG%X9%>/L.0Y[ M0GID<1.,\W0YG4%;VQ#(:R6L[JC5.P\EN2%_UQ`/KE$6*#LTFAK*_;6LNOW, MM+L+;)Y5=+QJKC+AZJO@^%SY4`9-J?T\>)FEK4RM=)UU++*5ZKVRC:_J]UV/ MLO9&N=0T>^^ZXNU,TOK/8-NLM"U+5[2@R2;.V4!'L$#,$RLB%(RQAN`Y30_` MWC-QOMT?=]75&U(SUC\K1T`@P042CVB)L90:MTD@N(`IYJG^L[F!_+SBG^Y;J`7#``````````` M```````````````````````````````````````````````````````````` M```````````````````````````````%/-4_UG

<4_W+=0"X8``````` M```````````````````````````````````````````````````````````` M```````````````````````````````````IYJG^L[F!_+SBG^Y;J`7#```` M```````````````````````````````````````````````````````````` M```````````````````````````!`CSE1QICGCN/?[[U$S?Q[IRQ?,W.P*PB MY:/6:QV[IJY14DBJ(N&SA,Q#D-C!BF+G&<=<"JW.>>3+-RJS=W7;Z;M%4TU1 M-^W$Q,3I,3'%T3$QI,>5#U9C17$S$Q-RC6)CHF)Z>N)2[6+36KM M`Q]HI\]$6>MRR:JL7/0,@UE8F020<+-%E&;]DHLVIW```````IYJG^L[F!_+SBG^Y;J`7#``````` M```````````````````````````````````````````````````````````` M``````````````````?&^D&$8W.[DGS./:IXSE1R^M6*/67JJ:+<=M4Q$>[+&NNBW3Q7)BFGRS.D>=`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`\TVK_A7/\>Z^C>1/_J>'\2O_`!*UXALU;@``````4\U3_6=S`_EY MQ3_OV;QFNLU=M'5RKC=RU=-U#) M.&SE!62(J@N@J3)3D-C!BFQG&<8S@1->_;':KFWMQ,3'1,3$ MU:Q,3T3$]3Q5;EMU%4T57[,51.DQ-=.L3'7$]/6RV(FH>P1Z$M`2T9.13G*F M&TE$/VLE'N,HJG06P@\9*K-EII-ZUQCI@1^9N^U;='%N&5CV(C])=>5\76+F9: MF8[*-:_D1*ODEZMO'MRJ=GKBC;NVM(=V2((U2AY3;N#>/;VGD9%!^7!L_P#[ M7.?T=?`5.]X^KV?%W/.O=D6K&D3]]5%7X*%N>).R53PX-G+R:^S@M_S MSKYG'&YP\Q+Q@A=2^G_L!NDO_P#;2VRYQ:NM#8-^HJ=L]AZ^C@G3..N,/,_[ M1TSXF^(>Y]&P]>KKL!3'EQW'/1C-;&,X,LK])9%L0V,>.<%6OC8ZI<9]F28\?S!Q^/^[3Z M-&S[9;GRSZRJ//?CS'%XEYL]%.#B4S_2F/\`$AXQPOYO7G)S;5Y^VJ)07QG# MB+U;7%81ODINN3))NF$A4L8)GV=3-L^'Y/`/X<>)FY].^\UW[=,]=.-;X(]C M6FJU\D^JO-N7_J.\W*8GLM4\,>[$T>\^MAZ2VD9%4KS:.TM\;8?Y-@ZREEO1 M4&JYNO4WWUE_2)]J*9J_#94>& M^TW)XMPR,S)K[>*YI$^Y&OG3U4O3IX84W")H_1-7E%T>F<.;4YF[8=0V.GRE M$;!*2#+.>OYDL8\?8+3@>$'ASMVDVMKL5U1VW9KN^:Y553YDSC",W#AHJF17)<$.=(Y<9SDN<8#$H'9VM; M5-/*U6-A4:QV..(Y5D("!MD!,33%-FN1J[4>14?(.'S4C5RJ5-3)TRX(PK;,FT52K:*IE/DY*=[A3&?]W/L&L=_\8N0]@JFQ.7\[S==(MXT>NJF? M)Q1,6XGNFO7N5'N6]MF;?K_7Y'5P68XYU\FL>C^$ZIVU[%&7':>R[>6,/ M#%M>P;G92P\NFW3EHDL]8Y*5+&RB>,8P218X=^4OCIX*E-@?"V_9EG<=\S=P MX)M^OR[US@KTXZ>.Y55PU?"IUTJ[XE\Z[C>MY6XY&5P\/K+]=?#5IK'%5,Z3 MWQKI/>W,\+]5<\M@<;J&74'(;7NH=,'7M"==:-ZPUF+F3I:YLLVL[<&K:O0R MDWAR9+&)`N<)&)[/#I]%>'&Q>*6['[K73TNI:8WIO;1 MNF"&W1SFW]=$U.GO477GB]9C#8SXG222=3DXT*GG.<].C8N/T?D%Y_@YOFX_ M_8^9]UR:9ZZ;PS M@CR>K]WV$]QT,HXNE[F5LKGQXF,JG7LUY,^#&ZYZ9QG'CT$CA^`WA[CU^LRK M.3EW/+>OUSK[/J_5O58\-^6+4\5ZB]?J\MRY5_5X5F*APYXL47L-6=!:N:*I M=/+=/JI&SKTN<>?SZ4F\[\?G\SJ+IM_AYR-M>DX6U8--4=M5JFNK[ZY%4 M^=/8W*_+N'TX^%CQ/EFB*I]VK65@XR'B85L5G#1<=$M"8Q@C6,9-F#8N,>S! M4&J221<8_1@6RSCX^-1ZO'HHMVX[*:8ICW(B(3=NU:M4\-JFFFGR1$1'FX6:T2$E/RNZ>;BDK.3%CO,].2#**CXV/2;M6A%T M(R+8-4T&R*""6"8#5BEK/8?`ZDM]>4Z!X1[;VIOC@QZB]CTAO[BII]_2^357 MG:EK21V[7KS8=I(V^W+[IHVQIB2BF*\@@Q@2MK*>(PAAT58O8%S=-TGCQKKD M9Z-+GB7`:YKR%_XK;T)=9#5C&!9N[_QV::/UI/Q5DO[^OI)NK?&-MU*5M9M) MRAW"A9B3<9(IY[QUY@;\P%/-4_UG

<4_W+=0"X8````````````````` M`````````````````````````````````````````````````^9X\:1[5=Z_ M=-F+)JF99R[>+I-FK=$F.IU5W"QB)(IEQ[3&SC&!AN6]MF;?K_7Y&NG!:CCG7R:QZ'X6O5Q MWXS,]-5-[@F6VQMY.3)/?=E#=I7["$>)1Q#8SC/=C"3*6)X>W.!4_KMXK\VQ MP\H;+3MV!5U9&;.DZ?=4T3%/FHNPA?I_G3>^C9,",7&GJNY$].GEBF=/-37# MZ&GIO;!VXY1F.8O*/8NUS^9E=2BTQT>KT9L?.>[R42K)91.AW>&P MV,^(SM^#N[;_`%QD>(>^9F?.NOJ+,^JLQW1K&FGQ;=N>]E3R+F[E5%WFC<+^ M3/Z.B>"W'_I[%-,KRZCXK<>M%I(?PPU14JZ_0*3&)\[#$O:%#$+T[SV69/(3 M?4^?')2KE)U]A<>`V=L'(O*7+%,?0F!CV;L?VG#QW?UE?%7^%IW+=MO+NR;1 M$?1^-;HKC[;3BK^^JUJ\[.GFG=12+QW(2&K-.E3+N M7;MRO%G6<.7"QS'44.;)CFSG./8FN9UF9MT3,S/7,SITS+,H6"A*W&H0]=AHJ M`B&N5G72FBF*:8UG6=*:8B(UF=9Z.MZK5FS8MQ:L44T6HZHIB(B/:CH1A;Y>"=_B`^K5G&/CCHVP6NV:8T+IW4]HO9\J7.PZYUO4*9-6?J[4 MD,IS2+?,@LHX\I0YD_>%#J]OF',;(3D`IYJG^L[F!_+SBG^Y;J`7# M```````````````````````````````````````````````````````````` M``'S/'C./:KOG[ILQ9-4S+.7CQ=)LU;HDQU.JNX6,1)%,N/:8V<8P,+ERW9H MF[=JIIMTQK,S,1$1Y9F>B&-5=-%,UUS$41US/1$>VHUMOU(>)VIEEHLVP2[$ MLR:AFZ=8U:U^F+U5UCP*WS*M54:TBH93Y.2F?>9C/^[GV#6._P#C'R'L%4V) MR_GF;$Z1;QH];,SY.*)BW'W^O M'MS@5/ZZ^*_-OH\H[+3MV!5U9&;.E6GW5-$Q3YJ+L=Z%^G^=-[Z-DP(Q<:>J M[D3TZ>6*9T\U-;Z6GIN[`VVY1F.8G*/8NV%/,,NI1::Z/5Z,V/G.#>2B59,R M)V_=GIG+:-CU.GL-C/LSM^#F[;_7&1XA[YF9\ZZ^HLSZJS'=&L::?%MVY[V5 M/(N;N=47>:-POY/]W1/!;C^3W*:97EU)Q7X]Z,21_AAJBI5Q^B4A?G\T?B6M M"F2%[0G.I\^.2E7*3K["X\!L[8.1N4N6*8^A,#'LW8_M.'CN_K*^* MO\+3N6[;>7=DVB(^C\:W17'VVG%7]_5K5YU@!;$T```````````````````` M`.JORC_%T^G!QMY(V#0$72-[;QB:':'=/V%M[5L523T>-G(N05C)Y"G)66WP MVT"\0436=)$:,W!D\Y9JND\D4,'9$X][^U-RFTKK?D+HNW,KUJ;;%99VR ME6=BFX;D?QCHRB"S=XQ>)(/HN8B9!NLS?,G":;ED];JH+$*HF8N`F0`````` M`%/-4_UG

<4_W+=0"X8````````````````````````````````````` M`````````````````````^9X]9QS5=](.VS%DU3,LZ>/%TFK5LB3'4ZJ[A+.L>!&^95JJC6DE#*?)R4SWS,9_ MW<^P:QW_`,8^0]AJFQ\[^>9L3I%O&CUTS/DXHF+<3W<>O MOR.K@LQQSKY.*/0_"U[D`?$WZ@7(7'E<>.-#'3%3>X)EML;>3DR;_P!V.;M* M_80;U&.(;!L9ZXPDPEB>'ZV<>(J?UU\6.;?1Y1V6G;L"KJR,V?2T^ZIHJBGS M6[L=Z%^G^=-[Z-DP(Q<:>J[?GIT\L4SIYJ:WTM/3=O\`MMTC,\Q>4>Q=LJ>8 M9=2BTYT>K49L?.>[R42+)F1.W[LYQG+:.CU.GL-C/B,[?@YNN_UQD>(>^9F? M.NOJ;,^JLQW1KT:?%MVY94\B9NY51=YHW"_DS^CHG@MQ_MW4TRO-J3BQQ[T8 MDCC6&J*E7'Z)2%^?S1^):T*9(7M[U+-,GD)SJ?/CDI5RDZ^PN/`;.V#D;E+E MBF/H3`Q[-V/[3AX[OZROBK_"T[ENVWEW9=HB/H_&MT5Q]MIQ5_?U:U>=/XMB M:`````````````````'@QL%QDQLX*4N,F,8V<8P7&,=7?&S5BK+KY\?=]U:[K\Q@V.O5-*#?V!*8'ZB:!S_`*`&JG\-TN5+O;$LWPI_\`B-.:MV5;\K&)GM[&]A>5J"I:N3Y_5SB4[,X_ M*`J$I^*6QM]I:;)V?6VPX%PZ.:(M+ZR-%7L907#YHG=Z:G'7BYMV48R.TJNSN-MO[6(?IR<+6[-LJ[V"^O:?$R M*!CM9!"J$GR,5G*!CMG3Q%99$QDE"9R&UT```````%/-4_UG

<4_W+=0 M"X8``````````````````````````````````````````````````````U7[ M!]6G0^N;Y=-?R]!VP\E:/:9RIR3N.CJH>/=/H&1<1KIPR.XM;=P=HJLWR9/) MTR'R7..I<9\!HS=O'OE?9]TR=IOXF?5?QK]=JJ::;7#-5%4TS-.MV)TF8Z-8 MB>YKO-\2=GP=55D_/;DU1&-3;XKT:3,1Q:5>KCBTUIUN:Z3$Z=CM_B1RY\TIR)F[Z^J M9TM13K[!4F$L3P_6S@1GUT\6.;?1Y1V6G;<"KJR,V?2T^ZIH MJBGS6[L=[R?3_.F]]&R8$8N-/5=R)Z=/+%,Z>:FN'TL_3PV,^.,[?@YNN_UQD>(> M^9F?.NOJ;,^JLQW1KT:?%MVY[V5/(F9N547>:-POY,_HZ)X+0GV7:(CZ/QK5NN/MM-:_OJM M:O.GX6M,@``````````Q"0V#0HFS1E*E;O4(RY32?G0U2D++#,K-+(YR8N%8 MR!5/'?49F1#'<-MB;EU[ M4I`N"=W<4D9-V!G(KJ]29Q@B:1CYSCIC`#55N/\`$W^BUIS#E!;EZRV9+-LJ MEQ$:H9RW>'-A)@]C-;(UBO/E#]V$E"R-.2W!(MFAS8QGO69)="YZYQCIT`> MG'J)_B<>1.#DX]^CMIOC7#/<=$+%RDVB1]*1B1S9P196$DKYIV:RX(3IDQ

)L`^[_.K?';6K>Q6&-25]I"RN-95F M5\Y+&>A?+M"G3ICHIUZY`>S'X7FQ;D73>,LWM^70P3_`/*[ MEVULBSX64(;!\JN:_"V&L4UP=0V/E8-&9)G'ATZ>`#:KIWT]^"7'TC;&DN'/ M&;6+AIG!D92H:3UY$SO?CMSA5:PHU_Y\HQ;MMSCV@<&M*6/<\\DK[F[V59(]Y`:V@3G.9'# MU7WI2.650+UPWV M<4Z\,S';''5:[HJ4+(YXR=RO3A5>CHF[5$TVJ>^==)T^--'L2U/W_T_ MN=UMO5RM5AU$6;GK+9YN=FIF&L]#:Q$I*RL@N]?OXMLI8&*C>/P:'W7PH\4<_=,G.R]O\`6Y5Z_77771S*STVY8UV6M7N1I^0S`ES9(]63,F@6&RC@B:#@I2EQCN+ M@W4?2GA)R33RWRS9KWG`LV.9?67)KKFFW7=X>.K@_*4S5T<&FD15[,:MKIC,B'.X:[!W1K MNJ2)<$[NXJ<7,V%I(KJXR3..Q-(Q\YQTQ@!JSW#^)K]%G3V'"*_,&.V3*H&5 M)B(T]KO9FPA3YDRDSG.,]W3/4!1NP?BL]>[3:R\1 MP1].#U`N5-E68.T*Y+Q^HTHZIJ2ZK=E@NLA9K;<++(RB-Q:W!*44<*]%5CHO8! M:"?I^4U:HX0)&D1(BB1(B1"%#^@YP:T[^)\Y]\/>/&TG7J7ZFXP:6N^LZ\O2 MW2^LV5AY%V:ELVJL+`72\RBNK$Y%Y-VR*CT9,CXMH(O(H.DWBF<*JG`6M_\` M\Q^V=UY3<'0+.:A_"K>C!JQ9![,\?;KNJ60SWYE-R;EV',9O6N2F1FH'2>OR63!R8 MZ%44L[J":I_K.Y@?R\XI_N6Z@%PP````` M```````````````````````````````````````````$6;6W;J?1\":R;6O= M>I<9VGRVQ+/2XD9(Z?ZR$/#M\+RTPY_^FV15/^?'00>^\R[#RSB_/-]RK.-8 M[..?2J[J*(UKKGNIB91VX[MMNT6?7[C>HM6^S6>F?BTQTU3W1$M;S_G1R%Y* M/759X,:,DW$)YRC)UO7:S4L14X_..F#N8N/<*%CE%D<8R8I%EWCHV/:PZ^`T MY=\3^;N^FF9X=8[(F:ZO+:46OF_>]^KG'Y0Q*I ML]4Y%Z.&B.^(GH]V:I^`R2C^FHA<;`UV-S,VQ:.1EZ*;SB5U21D(G7,,8Q\G M,R8L43M7SQD3/3HFB6-:&QX&;9P/9MG@S3N.73O'B-GW]XW2.GUC.YIR;F=F?Y\'_2:]1'E4HX4RC&2>-??1"`>F,7]BOF2I,9N@[9J?KC.3+))="YZ MYZ`/5CU`_P`4!R%PH70WI#:'XT0KTI/=[#R9VDC*2\8FH;IA12(=['U9,'<) MESC)BFKZO3IG'9G/@`9X1_BG^0Y"YW/ZI/&'BG`/LJ>?7N.^LFMBL$:DKUZD M)*9U=593*J9<]"^79SY+G&.BG7Q`><_A@+ON4^''.+UC_4+Y+X:]X5[LF,N[A*G.4NJNE%#9ZFP>/R3/_)]O4-IFG_32]/7016^ M=.\)N+U!=M3%.C,0NDM??2/"A,9P50]F>03JPK*XQG]8[DQOT@+K-FK9DW2: M,VZ#1JW)A-!LV130;HIE_53212*1-,F/R8QC&`&KC;'HD^E/O+>SODGM3A)I MVV[@E)G%BGY]PWL4=!VNP><1PM.7*@PT]':]N,L^<$\QVO)Q3I1\MIK>\+E M!H>D1]EC73B3L&$;J\FZ9`O$'"C.;N].CJ#(.IN);G.\BD"8,N0F<*83"?H' M<.JK5L2Z:DK&Q:98MG:WB:[.;!H<'8HR5M-'B[Q97)R)97P(JG,W._*_*%GUN_9=NUXWJ:*M.BF.FN?8ICI]OHCO4`-R@YI\N3GC>)FH_X,:R>',A MG>FWD4DGSED3>TW!DW+R7V$[=+59LZQV*>6SK:[QX=^W04 MQG!"OUW"';T[4$_9B;V+P7V2QE?3'-U^]O6^3TS7?F9M1/=;F9XHCLXZJJ?) M32D-NY!V^W>^?;WZG6=8CX4S'=#9%'QT?$,6L9%,6<9&L M42-F4?'M4&3%FW2QVIMVK1L1-!NBF7P*0A<%QCV8&X[-FUCVJ;-BFFBS3&D4 MTQ$4Q$=D1&D1'="]T446J(MVXBFW$:1$1I$1W1'4^P=C)#?(3>=#XT:1VGOG M9A6V^S.7,A'QJTBVJ=?D;`>%BE9)PV;.)R83C3-V:'=WKN#E(7&< MYZ`/Y=UK_%S>KK+[^<;6K%UU54]6)V%5W%<;?X5U";U^2K%?&5:UR;8K*+=RB";8F<(E#M!43\4?N#D'3*Q(\0_1@YS*E1-D(RU;83'G)-W;DDIO,JYS=?#L M\,X`>/[>7XGGD*4IM_>L)I+C9#OL8\^O<8]6(R,I%I',3)TDIF/U[J*9,NF3 MKT-B=6^5X=^<>(#WI?A7X;;+DC_F]ZJ_J(9DO4Q'O&?6"[/IY$ MC3-):ZA)KN+V]%%9UI7B3+E7Y&,]ZBYS9SCKUZ@+<$(1(A$TR%333*4B:9"X M(0A"8P4I"%+C!2E*7'3&,>&,`/T``````````````````````````*_;#Y0: M4U9L:FZLNMQ9Q-MNI^UHB;&%&$(1?&2Q:]J?X/A&OMYMWCR&AUNF%%,]<]J> M,J8"P(``ZG?!C<>N].\W-5:4X2;NKO*?C3M`^OHU'0E_U:Z:/E4[_!&G9%E>&S$DJ=P5KAZ&R'&H&E2FF>&7).%NVN*0US_$/CZW9>F1NCCU M+T+:L&V(C+:HL$AR-M56@48J8*R=/9IJ11%-7W(ZJ074TSN+1W(;DCZ1T=Q< ML5O];Q&L-KQC0I%]96.3VLQAFZ%8EB-)([ MFM.#8;=(Y4R0;4>8._7O&C1%HVQ$QT%-S<0_KL?#0-@D%H]I,.IF=81[ALD= MKGWM9RWC5EW.")8,;M0,;..PILXIO/\`S-D\G\JY/,&):HO7[$VXBBN9BF>. MY11.LT]/1%4S'?"!YEW>[L>S7=SLT4W+EN:=*:IF(GBJBGKCI[=77>I'JI;U MUIO7;'(&]P-(MM#OD54D;7KFD:[ETKE"U+6V9A9@2F3B5O?2-QM#:'G)'"35 MTTP60=K$(GA#':0:#VK_`/1&\9NYXV%F8 Q+N1;HKN>LN1P455Q357,U>C M'#$S5K.D1IT]#6V'XHY^1EVL>_C8]NS7=HIJJXZ_1IFJ(FKIZ.B)UZ>AN&F_ M6:]+JLXQFS*E+H^"X+USE/+B/>IFR3/RB9SDN?'&0&9@```````````````````````J9 MO_FUQWXX)KL[W=VTA;B%Z-]?U'"=AN3AB2+B-:K%;POFFSCM/(+-2&_W< MFSX"AF>R)IB=*-?+\\V;'L431F7H MJR?T='I5^W$=%/\`2F%,<;(]0GF/^RU54V_$+34AX8OMS*LOLJ9C5,%-AQ#L MU&R4@U,NGCN2,U:LR8SGH60-CQ&N?IGQ:\1/1V+'CE_EVO\`M[VLY%=,]M$: M15&O9PTT1Y+LJM\^YUYHZ-NMQMFUU?VE?3=JCRTQIK'=I%/QU@-(>G!H'5$F M6Y7%O)[UV@LOA\_OFU5?G[)I+N,_.,D5=9?.R9QUPN+7RSX M.\J;%>^D=QBO=-[F>*J_E3Q^EY:;]U[1U[J.E1Y%#O+9LNY5ZD5UOA M)/*IRGF+)(1K#S<$QUP3!\G-^3&G M=@,FI?X7&L[MLC#9GJM\_.5OJ"7U,^'BE4=W.:UWJ>,<*8+A6.C62LU:KG-7Z%U+ M"8KFL]/T6LZ[HT)YZCM5A6JI%-H>+3=O5\Y<2#]1NUPHX)L&+E5R0<\P1E8666G8QNPE(U=,BJ3UBY79W59*+C,EB(QU+ M.\+/'V$]5`SEL;RS]F.XO3/3'L`25LSE\XHE/U/;H'0^WM@DVO6U M;&UB*Y"F/*54A&T0Y)'6E!%%]EA(*XENW!<8-CN14QUST`?O4G*#8FT8S9+U MYQBVCK]S2Z.?)<149WG:MCF/V]<=E=&3K]U2M3UC?Q;@W0@(0TBH_IBE*SF*]Y>O'*-@DE M"RQ2J.^A?>.F[QZ9#0;O/7VX:IN&R5;;K29FMGS4S[PN M].5Q+K7A:7<>[QTM7UB(X-+,)8V"I-DTDR^5G'N_EIF3RF4.R;PTI6Z*#HJL M5[>$^68LS9:IUHZ*.(JKSP1<%"3L^@S02EI>(K#B==UV-D7Q"8<.V4(YLTB= MJFK9+C'F&ZAS/:7!LGP4O?DN"Y/TQW9*7.?.3=,8QUZ8`5IYBZ%E. M2>@[7J>!?U^'GYE[7'\/-61JX=1\4YAI^.DG+@ON:#AZ@Y7CFZ[PQA2_$'EG+YOY3R>7\*Y;M9-^;F*9B-.V4!S-M-[ M?-EN[9CUTT7;DTZ35KI'#735TZ=/5#K_`.O_`$MMU7'?6PM,6:VT2!KFL6VN MYBTW6LV>1=3TQ7-@+R:C4M6A'52R:"L'S979'RU7YE4$7"2>>BI#=W#-P+V!3>HJNVXB]$UVXJB:Z(GAC2:J=:==8Z^MK+%\+=QMY-N MYDY&-7C1'$X0Y&],M= M/#VX;S,E,ML_[,DSC]`VKE>!'AOD3-5K$O6*O[N_=C3V.*JN/,N5[PYY5NSK M19KMS\&Y7_+-2LM[]"+A[="*E.ZL9L*]>J=IKFL;NAXX]A\2]'2:(]]32V?AA. M)DB\Q*0L?I)V^(;*A"6/CM7$$5#]Y113"+JI6*NJG[C9-T(@G#23-#&]MR MZ8[+MF*9GVXLS\HC;/$;&C\CN&)>B.RNW$3_`(?\K%K[Z!OO4!5()'TY.%CC M%.9+LC6#73>%B;#;BJILTB.K8XGK+&?/#]##3)B*%0;Y[E5,Y+GNQTYC=?'[ M!_/;;L^;3';17P3/NW:/DGSWQ*Q_SF)@Y$1]S5PS\NGWF%Z^](S5FG_IWC8O MHWT3:6;%5'4)7W+>K1TVG39DQ'?DV5BE$9M*;]1)14F5(KK9LY:^_P"9[BFR?E,U363R[)YDC%,#9640*;&.IO#.?;CVCG^. M-K%G3>>7][Q9[9]5%41]]%L_B'19G3/VS<+/E]#6//%*?-I:$])F7OAW6G>' MG#G7-)S$QJ"=G@F,*XP7!,^&,YSG/LQ M_'SP[NSPY-W,QZ_)=N5;_V&;:CXW%3\JF&?Z8]._@7=+_5H MRZ^G9Z3BE`?R!DK-8:!,4-_,1D?[FZ4378Q2FS9-XX7.](DGV8:J9P4^MFR/S&7C5^QF#Z=%-U5K"\?V1 MM+6RWW+,D6XZ]J]"9NI/7ON?F9;'D7*%>D#.BORX+V=4D>F3>W/09LE>]@>G M=Z3&R-)\@*]L#TDV?%MLCJ"R^Y[5K6L$HRZ5NB(B.F M9GHB&%RY;M43=NU13;IB9F9G2(B.N9F>B(CMETJ:CZ#FRR[8CVE[W7K-32+2 M=:KR\_6'LN384R1%G#YRT:K&PI_Q!2]AJ_P#7 M+E#]Z[=_F;/^^C/I[8_^]Q?UM'^\[;.L_P`/+6(6!@]B^E#ZLW-CA7+V&!;6 MJ.U/:[;BZ0K5!V98B;>8IU9FM52!X)=RV6PFY>(S39R0OF)&73S@V;'$Q5$5 M4S$TS&L3Y8GJE*Q,3&L=,2D_W#\6EPPZ9:2G#'U1*#$ESDJ#U.)UIM-W%IX- MG)4,;P_:CER][3\3M?\`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````` M``````]#ARV9HG<.W"#5NEC)E%W"J:"*9<>.3'55,4A,8_/G(".KUN?4NLDV M:FP=D4NG_.+7+Z.2GK#&L'4@RP;LR\8,U7&';UKWYZ>8D0Y>OAUZ@(ZB.6V@ M[/4]EW.FWA*Z0VI(0E@N^:W&2KIRPC5$)!PDHT2=LV)),RB,6OG'D'.7'9\K M..N.H5V@?4?I5XLL!7]=Z3WK;&LU.1$2XL!*@FUB(IK)2#=DO+NCLW9$1L>=I>E>-,);*W'%C,QFP[-:DF,/+>_131X MZ[&2S^OY3-'/5U$#X*X4ZF2SX^/0!S1H_FS==$HMEIK6>H-]+7111R]9-R6& MK(40N5\$;(IK-K7@LRH58GRL=_RD?URX-D!@M'XI&\I&R4<9B\BEG!7""I6><]R?;G':8V,AJ3V/Z?6 M\*?NZ)U)5(AQ;(*V+N'-.O\`[L=M7DJ\T42]_=6YR@FHA`R%?07)ATAXY<9, M3+4JGFE)@-N<)Z<''\^O-=TB_(62].J"TFL(RR]FFXE%P_L[MI(SYFL;'ODT M(V*4?-"Y;M4\]B)>NW!BXR`E&PZ-TS;;`[M=JU5KZRV M5^1JF\G9^HP4Q*.4V+=-HS(L\D&3A8Y6S9(J9,9S\DA<8QX`,C9:\H$;"8K, M?1J>QKF'OSEB`9UJ%;0N)'H7'O\`\U(LB,??>A,?M?+\SPQX@.7CZY7HDY5( MN!AHTY,9P0\?%L69R8R7)<4_P!RW4`N&``````` M``QJ9I=.L13$L%3K4Z0^.AR3,%%R93X_,8KUJO@V/]H\63MVWYD:9=BS=B?N MZ*:OE1+HNXN+?Z+UNW7'PJ8GWX0S8>(?%RU=^9SC]J1R<_7O6;T:`C7&>OY? M>(MDR7[OT]W45S+\/^1\[]IVG`JF>V+-%,^[3$2BK_+/+V1^>PL:9[K=,>>( MA"%@],3A)8"FZZ8;0RINO[:OVJYQ1BYSUZY(BG/G:%]OY$^@K67X*>&N7U[; M3;J\MN[>I\T7-/,B;W('*=[_`*6*)^#77'];3S(K>>D9QO1,9:GW/>5#<]>J M1Z]L!'*2.+7V>KOQI'WU$SY MT=7X:;%'3BWS[;'_)*H M1"T0Z)R8Q^3RNGZ!UQX/;_A?Z/S5N]F.R*YFY'FN41YF'U&W*Q^P;SG6^ZJ9 MJCY=/O(NW5QUY_433VU7\CS.AM@T"/UY<7-M@K32FK:4EZLWK[]2;CFK]2,G M%D7SV,*HFFI[RGDIS8SWE_6Q"*VU\O9UV]S';R]JHQ+LW:+MF(JKM1; MJXZ8JX:YBJJG6(GBCI[8ZT?NNQ\YX>UY-=>ZTW\*+%*(G2KI MF-8B=8]EUT4L]7"."93\?VJ>91U_TSM[YHD%8R&AVC""-F!7M-DCF^&LN>H^U<;F_QFP,:W%_EO%R;$6Z=)M7XB9IX8TG2+M?9W-_6M\Y] MQK5,7=JLW;?#&DT7(B9C3H^WJ]Y($-RIY_Z?UA1:8GQAW'*6"JRLHYM5XV!# M6G8Y;A$.%GJK&')\VQZ#V%1C$W"29%2OUS9(W+C&>AC%'?\`Q8YOQ(UW7E'= M**8ZYM357'^#IYW9]=-\LQKF;'F1'EHF:H_P_P"5,=:]6.`0BW49R.XW[4HA MC-LH2#B.K2\U77Q%>J3A-[&6Q*MNF#8Y<],IG,[P;KTSD(\>=CLSIN>U;SBS MV\5FF=/=JIGS$>)&W43IF8>?9GOMQ/\`+'O*4;SUO^'?YA>^NMX<4-<1$Y*D M/[[<(/3-EU%/7AQ?G2[D MW[%7]Y8N='WD5O3:\2.5;DZ5W;EN?A6ZOZL5-W>FQZQG*;@/ M;%S&>-8UIL.QRE'([[CJMD7$8MC4=J5;WV&;9CXW%3\J(27`VO\2'Q7]W-ISGCZ.T[FW2:G>;_>\>MBQN;^4\S3Y MKN>!7,]D9%K7W.+5*V=\V6_^9R\:KV+M'\Z66/XE3DYQN,C'^I9Z/7*;2#%I MVEEML:'6;[;UJJ3!B$6?-'$FT@JJDS3SG)L81MLB8Q/UOX]P4Q<]<9(IG&<`,N``````'I<.6[ M-NN[=KHM6K9)1=RY<*D0;MT$BY.JLNLJ8J:229"YR8QLXQC&.N1C771;HFY< MF*:*8UF9G2(B.N9F>J(<554TQ-54Q%,1TS+79N3U*]+4B:S0=01TYR/VLY6. MRCZEJU!65BW&H>8O&;EO;,GZ*Y? MHN[QOM4Z4VL:)JHXNK2;D15$]_JXN3';HH^Z<^;5B7?F6V4UYVXST11:C6G7 MOKB)B?Z,5=^B%\:)YYO'12FZ]6">?`5R.5_%+Q"_*TRRB^K].]5[-RKIC7MIHX:>Y;MGY9V78J8C;[-,7M.FY5Z5<_TIZO8I MTCN:CMH?BH>/=TM;W5/II\2.5/J/[7P95LQ_AMKRRTK7.'!LY0;.GF,!.6B_P`*OP2A;4EM7FMM M#D5ZBFYEUBNYBT\A-DV)C5G[TGRL*XK%>FQ3"!^O0Q,E\`' M81TEQST#QKJB-&X^:6U=I2HH)HIXK^KZ-6Z3'+Y0)@B:SY&OQS#YQ=]/UEG& M5%CYSG)C9SG.0$S`````/&7*:216S5-(^7]39Y*=%W)$/VE6-WI ME.@F97(7;MVY-2T%%HXNNRZ+5DY!BE*1^)RU0L>K(QJ_=Y$A'H.'A%WS);LS MV*I%.0W3/3.0$>HN7UG;:IJINVO"1S#"WF+&RD7M3+G.>F,9S@.7VMOSE[%;$LM(U!Q1Q:H6& M>-FT7L"Q6HD?7YY%Q',WN7C5!?YB3(F@LY,@O4!&*OICZHL#]](;%VGO'8!WKUVZ]TEKJFDQ22)MY$YBL4\F4<)J'R;&<]?E&ZA(E.U9K37K-VPHM`IU0:2"::,BC7:Y$Q.)% M)'"F$4Y$S)JB=^5+SC]N%LGZ=YNGMR`SLA")D*FF0J9"8P4I"%P4A<8]F"E+ MC&,8Q^@!^@````````````````````````````````%/-4_UG

<4_P!R MW4`N&```````````````#U+H(.D56SE%)PW<)G17;KID61614+DBB2J2F#$4 M34)G.#%SC.,XSTR,:J::Z9HKB)HF-)B>F)CR3#B8BJ)IJB)IGL8U]!:1_P#T MZJ_Y>B/\&/']%[9_V]C]71_,Z/F>)^BM_>Q_,RDI2D*4I2X*4N,%*4N,8*4N M,=,%+C'3&,8QCPP/=$1$:1U/1U/(#Y7K)E)-'#"1:-7[%TF9%TS>MTG31RB? MP,DX;KD4163-CVE-C.,A,1,:3U'7T2K(]X4\77EWB-@XTW3V5AB'CA\5./CR MLZ_(K.&CAF;$Q5$LXK4B0F'.5"=[3N*J4INO4N!'Y&T[3EQIEXF+=B?N[5NK MY5,O-=PL*_&EZS9KCX5%,^_#7OLKTT+_``=GM-SU0XT?LB/GIJ7L!M<[1UK" MQ3)J>2>KO"Q$*_C&RZ3-FU*KA%'""L64B9<>..G45_)\/N13MFT]3 M/KRUJ$-;'65T9>%8LEK(1B9LS.W\XN3/&F5'3ME%$ M^6BY>I\T7-/,BKW(/*=[_I*:9^#76F=8BG7H4QLX-C$%<\`.1)GBQ*MP MQZNSU=_J^^IJ]]'U^&G+FNMF7AY>SNE7;AC('>&.HLI< MM1:EN*BYE.N3'<.*(^]F MVZOX?5V?V+=,^U_3U]Z:4$0?X;_6^J+!BV\?-FPNHK0DM35[NM=SWG/U6YNL M?LF^79CX=&OOU5>\MXWTOZM_'NJ9;Z[W;6.2+9LJ4RY/CVE>3_7.?'!^OMX^A/'K#C\AN^U941V7+44S/MQ8CY1]'^)%B/R6 M=AWH^%1I/FMQ[ZDFT_67YV<5<.U>3G#;:U-A(W*N'URD>+6W+31$R(?](L?8 MFB[-LRD(I=ORNIG&/#QZ=!E3N/C_`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`-.L]P8WS"[U:Z'9U_,J]E,J/X.ZI-W"%,=4Y!5LU=CK' M<)*94-AHXD7$RY8M(IM)I1S2$;23Q7W)H8JI6B!L)E-GQSD+(4S46K==1[E6/@GG9/VX.;ITZY`2`B@B MV3*BW1201)C!2)(ID23)C'AC!2$P4I<8Q^;`#V@````````````````````` M````````````````````"GFJ?ZSN8'\O.*?[ENH!<,`````````````````` M``````!^3D(J0Z2I"*)J$,11,Y<'(*M+J0 M4M"SSL\#C$FBD@JJT8R4LFSB9)9(R^$S$074.54IB9Q@V.@"P"*R+A)-=NJD MN@L0JB2R*A54E4SXZE434)DQ#D-C/7&<9SC.`%*N17IM6B;O/(OB#H#:D MD][\K6>>UO76UY+DY3%,9M?X9G&79D?.#9^4B_3SU\>O4!U\^8WX5#B-`:LW M1M/TYK3R9XR\CHG6][F=84?6V\YL]$O5P:5Z5>P.OYE:W_.MS8Q%KDRIQV3I M6!!)N1QU,4Q,9+GF*JJ?L9F',3,=3HWQ7J1^I2WO\=H2.KR9MKLIQIK=EJK& MBVI]B8M3%1.$0J9JCF)^D)K&1RCA$S7+?WCS<9QDO7J--7/`CP]NW*KM=G*X MZZIJG_F+G7,ZSV^65#J\.>6*ZIKJMWN*9F9_*5=O7:U1$%(6-W#UA=25.:+C M%FK=THVD$$OFATL5P]2)A,CC)\Y/C/3MQG.`IPMZA]HNIEV^@N*&Z=DGQ@Y6 M\K,1QJU#>87J7&5G#-I/H$)W8Z9\Q='I^7.`$U;L9\U[;,U-OH69UOKBJ2E/ M8/;5)71F61LT#:G*S@SZ*;HX93[1RBU9'2Q@Q6V,86*?]IG&<=`_-&XT[4D- M6;3UWR$W]8]FK;/+&IEE8%I]&G=)29X[G*-9=F4<(E(\721/T]T13QE//4A\ M'SC`>C6GI[\7]8S,598ZFREBM,+(LIB,L5MLLO*/VDK'.$W;.02;-7$=$8=J\4N/FY\NE[_J^MR,L[PIE6QQS8T#9C*J=>JZD["'82#I7&<]<>>=4O M7VXR`B?:G&G;R$%K"+XP[S>Z<8ZHJI:M%5"08'EJW9$$\M<)/;*YSEWAT](D MS*7N68.L8,=0Y<%RU>4&F]+W:Y\B=?1VR+56;)$QMG)^8TQ52\E\0D"606L/FY9YBSS^(W$UBCF1S[L61R[\C*OCY>&N?/`7WQ"/-;[XYH[*OM6PXXM,-8ZI7FFQ;7*W6Q?]K&U?4PH5=S& ML'+F!<9>HY,0_9F/5[L%R7'3.>N`_.Q>-7*_:%]MCE[RXE-?ZN>S#Q2K5F@P M66\:VUE3ZB^RW.T-+1D0WS-J-5,DRJW5G'.'$PJ@KE,N3%,ODILE MQUQGI@!+V,8+C!2XQC&,8QC&,=,8QCPQC&,>&,8P`\@````````````````` M```````````````````````````````&<]/'/AC'CG.?R`->&A/4RX^\D-WR M6FM8PFXY6,6(AG7^Z5M-;+9Z-VEDD+:YV46J&S'=7;UCYK18TU\:-D'3A!A8 MB(F4B5GB>,&,&1Z5]0_0V]I=ZUJM>WQ7:FUK6P;>VV]LK0FS][NP'7/;\'=]+[W/H$],*QJF,93(TQT>&=XRVR3!\&S@-_P#2^'FCJY!T9E::C&;3L=%JD=46-RV, MR0LTNO&1SEZ^0;X;R7O4>U8M'X?4+G#K[CVK"5.0Y"\4>2&I; M"PHN@=;%TIN:TU^LZYNNT8=E8ZW=:[O#,)!5*L5NR3E7?04C)J()IL6;=T@' MMC="35QB)GCCZ?\`(<^&6NM@\-><.MN1-0YAM-^U/5=#LNT=8R,9H2IUV,WW M7J]3ZIM>$V[9\I$3U\GF.2K:,@I(J*DRQ64"Y6H+9/17IK/*GI;>.MV_$ M+46X9?D6MMK3=_U/%:YM]LTG6].0>D8Z;NM>@X38=G=V.2=2!CU=Q,0Z<=`X M=&=X3<,W M&<]/:`]H```*>:I_K.Y@?R\XI_N6Z@%PP``````````````````````````` M```````````````````````````````````````````````````````````` M``````````````!3S5/]9W,#^7G%/]RW4`N&```````````````````````` M```````````````````````````````````````````````````````````` M``````````````````*>:I_K.Y@?R\XI_N6Z@%PP```````````````````` M```````````````````````````````````````````````````````````` M`````````````````````!3S5/\`6=S`_EYQ3_<7/;+I%:O$[=*5(W6DVW,I#H)LW?1F3W=_[G($4;`)A MT-STD-I[&U+0=G<;-I<=T^2>NK)M7C1.WRPZYL2>R*O4HZMV">@+7$4>SSDI MJS9S2H6]A,%@Y$BQ%6)7A2N\N6+EN0-A@"GFJ?ZSN8'\O.*?[ENH!<,````` M```````````!^>XO=V=Q>_!<&R7KCNP7.XV#>O#^J4>LP>J=1ZUL]HH\H_H^[9U M_9376.CZXNC$I*Q*B)EW2S)D&R#3U'Y1[KWOP1L^X>-U@X[PO"35^SR;&G;3 M>]7VR)V7N:[ZK@M,QT%I=+7=RM4U+ZW:1+J:F5IJ?:5YSDOS>W*QRN=V5H&X M8!K90W;7=3\VN53&52QM(AZ M<^.XB#DZ2IT^ARER7.,@)R^,>@?55RT^YWR8^S``^,>@?55RT^YWR8^S``^, M>@?55RT^YWR8^S``^,>@?55RT^YWR8^S``^,>@?55RT^YWR8^S``^,>@?55R MT^YWR8^S``^,>@?55RT^YWR8^S``^,>@?55RT^YWR8^S``^,>@?55RT^YWR8 M^S``^,>@?55RT^YWR8^S``^,>@?55RT^YWR8^S``^,>@?55RT^YWR8^S``^, M>@?55RT^YWR8^S`!5&.Y:TDO.2X3&=:\ILLU>*&MXXK$O$_D4:1(X1W!M5P= MTK"XUUF109J)KE(1R9'"*IR&(4^3)FQ@+7?&/0/JJY:?<[Y,?9@`?&/0/JJY M:?<[Y,?9@`?&/0/JJY:?<[Y,?9@`?&/0/JJY:?<[Y,?9@`?&/0/JJY:?<[Y, M?9@`?&/0/JJY:?<[Y,?9@`?&/0/JJY:?<[Y,?9@`?&/0/JJY:?<[Y,?9@`?& M/0/JJY:?<[Y,?9@`?&/0/JJY:?<[Y,?9@`?&/0/JJY:?<[Y,?9@`?&/0/JJY M:?<[Y,?9@`?&/0/JJY:?<[Y,?9@`J[R+Y;4A_=N("J&M.5#2FHMV=B1S%"T7QCT#ZJN6GW. M^3'V8`'QCT#ZJN6GW.^3'V8`'QCT#ZJN6GW.^3'V8`'QCT#ZJN6GW.^3'V8` M'QCT#ZJN6GW.^3'V8`'QCT#ZJN6GW.^3'V8`'QCT#ZJN6GW.^3'V8`'QCT#Z MJN6GW.^3'V8`'QCT#ZJN6GW.^3'V8`'QCT#ZJN6GW.^3'V8`'QCT#ZJN6GW. M^3'V8`'QCT#ZJN6GW.^3'V8`'QCT#ZJN6GW.^3'V8`*H\MN6M)DZ]H\C76O* M9H9IROXU2*IGW$_D5$D7;LMH0JZ[5!5]KIJ1V\05=D'6M)MTC*WSCMNW6U;0*Q4:.5".;; M=*1!0#)RL0F2H)J.2*+J9P1/!C9Q@!M!`````````0;3=52M9WQO#;+F5CW, M3M.L:;@HJ)02A)J.DV$< MCJ/=*6SI=%ZDX45EXLFJMJ4#,9'&0^0B_P`O[^W<=RO[/R6ZF/ULE`32```` M`````````````@[>^JI7;,5K:/B96/B5*3O'3^U7RDBDY6(^BM<7./LTE%-< M-OE$D)%LSRD@<_[,JF<9-X`)Q`````````````````0MR`UC*;?UO]"8>380 M[[^(.F;A[[)).%FON>L]R4+92VJI7>&A]GZF@Y6/A):]UAQ!,):52/7("<@```````8[;K?4]?UB>NU[L]>I=-JT6[F[-;+9,QU>K5 M>AF"1EWTM.3DNY:1D5<2Y.JNNJFDF7'4QL8`8O9-O:\J5MHE)G[$W8V#9$ M1=;#4TLH.EF#NOZ\BXR8N$\^F$4%(F&AH9E-L\G_'\Q%Z*Y"Z/W1)UYHVD)^-U/MBA[%?P;!X ML=LT?2[.H3TPXC6;IRD9--58I"'.7)<9SG&<`)R`````````````8Q9KM3:5 MB`S<;96JIBV6>(I-6^DDY&0?TEN5@,L2"J4'&P^HC<@";_P!,&T60WEGW$79U M,SK(CCW_`!$^YFO&)GZ.%?\`SL;#3W?+GSO>\^3V^;\@!GNNMEZZV_4(G8.J M+Y3MET2>*X-"W*A66&MU7E<,W*S)X5A.P+Q_&.E&3UNH@L4BN3(K)F3/@IRY MQ@,W`````````````8Q9[K3:22"4N5LK533M%GA*56CV69-TUQ+66=MA5RDGU90*?L_8 MDW<'Z58J%.I5]G[?6*E+S]SF\L:M'9F9JB2B*:"CLJ^/=\&,3!54LG#CF_)_ MC:ZU$MO]MO\`TPOHQN?*3C<*.S:8IK-NXP_3BC,U[N69S7$7Y994K3+Y4"S0UOJ\F9FY59O4V,[` M/7\8Y59/4#HKD*KDZ*Q#$/@IRYQ@,X`````````````<7.3D)6(28LMEF(JO M5RO14A.3\_.2#2)A(.$B6BS^5F)B5?K-V,9%1C%NHNX<+J$111(8YS8+C.66A]4.(3"T['W!9"@639ZCZ/DHA-XP)!YH]4>/2O MU%",SEPD0JF5%T2G#)8V[4R9>6R/B+;695_0WR<7>&4=/1;YU39-6*:SJ<;: MV[9TJK7GYX1\@\PB[PBIEHLFMV^6]EYF9EWK:-BHF*C6RCR1DY.1>*(M&$>P:(G5 M665.1-),F3&S@N,Y`1^_W-K1BGI]P2UQ\NRWY.M*]J.2KGFV6*NSM_0+1M%F M^B92"3?L#P+BA4Y_)$D3*%8F02+T5ZJI8.&71-PJ<_,66NP5GKTU/TQVP87" M$B9F.D9:J/I5@G*QC&R1S-RL[@WDA%K$56Q9CF$Q\P6-LQQ0AC!D(````````````#YGKUG&LW[A']3KSV1+(X4]QPS0,KE7!.F3=43GVKA]!GLD6W\))F.GW% MQG("MZ7/?@ZNV?/$>8G&!9G&6R*HLD\2WMK%1I'W&=;3+R$K;YT2S90:2\RV MKL@=JBH8IG&&+CR^[R5.T+9@````.NQZZ\1OC8NE.2];M''[8UVX9ZKX;;,:NXT,XMO9&43'Q4L6P65XT>')G,$ M@W=!Q'/=_;-UZ1Y469*KVROM]$>FSJ:MW?7SW$;+VF!AN1NUXJ_\EZO+?0B7 ML\'(OFO'GC[''>DC7KPBK&4["G-@^<`+-MI[BSLWU)HJ?US*:*OFEJ?Z:]K? M<@IVLN:-:-20T3#<@]-77BTI=I2,.^I+,]6BZK>IBN>]G*:.8HNG3?RT\X/D M)K].RHH[!>;LYY2%0:TXW+J6K371E;Q7VU>?UCAQJLDVQT">0C2,VSEA,;>= MV6=V*]14SYR!+>/K[73:F9OS!2W[+(WE=WP5H-O7D')Y/&(?.T(R9UJ ML,&[$CE!5_+K.@EK>[NI2NY*9R/VGB*8Z/?^LK2*!=K%;#I$I4/3N-W%[;.B MM4/+>[D>V&CJW&PO&"F#%5*0P"KN^[#6+)R5W'(:(V#J6CP M]O\`56XXS7'SD#;7E8D^(5+Y/:T]/Z8><@YS9K/&,5W9CBV4;_LHA$QDG#2K MO8*Z"B4O'R<:JL4-I'I!OUST7F!#6!_1KCLR,YN;/DMP;>TQ),7W'C<&P[=0 M-4VI6SZ-CX]N1*FUVOU24BJ_,P"SF7?QEIAY/WZ4DWJKAZL&W4`````````` M``!UCO4=-R+E>3FFMP[FXN;;GJ=J'U#N%]'X:-ZG>./KS7A(!;<%/6NFU%FT MSN^OVDV]]\R2JM>CRRL(S8UBM-$VQ7:"DK+KJA*?(EU4IO;<)R-V=[@UT?GU MCM*:ROTY;#(DI$+KSC;QRV7JO7;VY.W_`$A6%;A.>4\=1%P\,5HUFE&BG=@Y M<'P&"66J&OO)SEYRBX_K#MM#K]^U0TV74Y]66=MEF;>>KAV[Q9L\(9PW#8-Z4T9?K-1>2?)^ZZQB M-(17,ODO,;YUMJ2`?2KV+B-=,M6:KU%`;#5S-U"@2J,QO536"US7]XA8YPJC M-(*KHE745`;4P````````````&DCUAXC?>Q:%:=<$T)L/9'#B#XZ[CV?N20U MS<-/1RVQ-F0U:L*&NM7;%A=@[4UQ8FVEJ.HU^F%@Q&(RBED>-HR-RD9FG)M7 M@ZY/T]VU@ITY6FNA/3$JMUEH2PO8-S)-+/R"0I&K-?S*SFISM@ARBW#0^P MO5`T%,<5K#JRUU:`].OIK'E:J MS<]#$9VJ@TZ]O8_&'.'9&+XA'"+9QA=NF$H:?V=ZG&M=55&O42B53G+7V<)5:PP0CHJ-]YX3<09!ZKY"&.Y:0DW[M1 MT[ M@KM;.41]47/3T!;;XVK+9E]!^/DFTV?M35[QCJW8$D[6D;@^CE7;B0AHC,%A M/"$LZ43"JWIISCW;.I?1CJ3VMS5/;:2X#+[ZD:_-*5QR=9_G66N^-^H+,V-4 MIN?B$(6ZU38%SD(M)55%ZDU0P5PW;+E.B0,UT!JWB]I;DKZS5%L5?U]K#C6G MK;C!+[D1?OTZI4B5&S:(VB\VG:+W93OF3TII>(7=+2DL[>>]G3[CG7ZEQG`4 MT=\ZN'C[;%?Y>R4)QB9\-*QQ\M_$JFZ.C;SI'&[K'Q&O4U1[?LOE1=="J2!9 M%33M*E]=U.)K<D3V\E3GY^<5CR.3(P*@=I`````!\4E&QTS'O8F78,I6*D MFJ[&1C))J@^CY!DZ3,BY9O63I-5LZ:N$3Y(HFH4Q#ESG&<9QD!'=$U%5->VG M;UQA323F[W!:47:N$4'=?UU2M80L)!HMV33$?7(VN49L=-L?*QO?'+ MI7*F?.[2A]]8U)JFD04]5Z7K+7M1K-J7D75GKM8I=;@(*QN9A#+66>T^38\`&?(HHMT4F[=)-!!!,B*"")"I(HHI%P1-)), MF"D333(7&"EQC&,8QTP`]@````````````#CY")BY8K0LK&Q\F6/D&DLP+(, MV[TK*4CU/.8233#E-3#:09*_*16)VJ)F\2YQD!%&N-"Z\UQJ/&DT8]6Z49PZ MN[Z=9[#3C;4I:WNQKC8;YMU>'CJ_`1+8RAUC-XV'B6S2.8(965,?) M$DR%[C9STZYR`Y\````````````!\$A%1S;"NZME16C6\7*I3-EMSU0Z1VV$O+4P3)G`E9*N3Y4,EAOY9CY MR;..N>H#.``````````````!Z'35J^:N63UL@\9/$%FKMHZ13<-735PF9%PV MS3E%[,.VC-NW=2SQNR;1K=W)N$4R*OW*$K@ZSG/;V$*4F`DMM%1;)Y)2+.-8-)"95;+S#YLS;H M/)5=FT28,UI)TDF1=\JU8H$13,J8^2)$*0O0N,8`&<5%QZ\DZCXU@Q``````````` M``_)R$4(9-0I3D.4Q#D.7!B'(;&2F*8IL9P8IL9Z9QGPS@!$U8TK2*AL^T[8 M@V[II/V?6^MM3EBDOF]O6*U2-62U_FZY$5.'91[7YG3<26R'YWF/,4(MA)L4 MI4RHXQD,Z?5*JRB5@1DZS7I%&VLTHZU)/H6-=I6:/0;*LT6-@3<-E"S3-%FN M=(J3G"A"IG,7&.W.<`(MQQ?XTX[NG'C1F.]4BY^FI:#CN73[_+6-_P!G_E*D M\TW0V?''=GI[<@)S```````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````%+-R,FNW33/K+&- M-RU/%'%Z-?%&NFND]'1.L=BJ[IS7:VO-JPJL//NU4Q$\5NUQ43K&O15K&NG5 M/?K"+?[D]:_\KG,'_P`&5?\`KH0G\9,+]Q\P_P"3_'1_UZL?N_<_U'XQ_:Z?.KPF"X;%_*;&15.&=>*G7C^RG[5#;]S_D6L#CVW%R[&3QT^E?LZ4:=L?9= M<]B(.+7JF[DG;/:4-STBS[1AV\"S6A8S16K\R$W%R1I#L7?SJ9)K.4XI9K^S M3-_\[P%?Y'\<>8LK.OT\QXU[.QHM1-%.%C<5=-7%TU5QQ_8S'1'>B^7O$/=+ MV1F:O2ZM.B.]=O\`N3UK_P`KG,'_`,&5?^NALO\` MC)A?N/F'_)_CK;]>K'[OW/\`4?C']R>M?^5SF#_X,J_]=!_&3"_?(^;J%.].]#D"UI%@WY?9:CJVS:5EYQ0%Q825`>3)::O2'%M]8:YM->U;9KQL#6'IS_PZBZ1%X?.]4(\I M9?>M&EH6RSVP-O4FI[@L[]AT,()K!9G?6V]\V/TW ME=BWEZ]U'N9ON_4U0E)+4-^CHIV:&:\V:3JHSS$QJW8U_BH!]>M='S\^03>Q MRY(AV_=1QW"IV^3@+(^H!8[2YXF;%KFGMFNM<[/VC;=9\>=>;(JDS[K.4'8F MY-Q4O3S2PQ;QBO@Z4!KJT]S"WUNSEQPQNTW8I> M@:D@W>TN$7('6WO#B*KENYNQ>B[_`+CW(Z=,5EB-)"'TA-:'0@X%W@G55Q/2 MF"F[4LXP%]NG#U_DUR4T;LW8<;4IFC0IJ]K7BA4N2]7M+ M)K/;,LB%46K;RQK1DB1T[?$D8]L5SC+-3)R@."XHNL1T,'/_;.K>,<#1:+"5UN;7[_C9HBAZXM=>1<;.L;KD3R"DJA\44', M6+:NO]9.Q-]:-T[5]2P.N-XV31+*-AMBPUBG M['NR:S7YF%8WY::NT>O6D<6!.5@FB<`HW(T*JY=Y6"N][]17DK6M8R^ZHI_H MV0B;_J?U`+?0=3*4ZPI732M@X80UZFZ^ILBQYV69&[15@4HWS+;$<1=>-"ST MNS2;K&*0Q5PRUES(YM0>UK'7+Z[XSDJU!W;P!I]J95JHW=>9E&O-^UTZES6O M8.6?;'(@QSI].QGDV5J<,E36EP=-OF&C4DE%%0CR`]2+D95=?T;;VY;AQZ5J M>P[+S)UHRIVK];VJRW^IK< M.(>?0R58Y@RBD\Z^8ETD(35]>:Z87VN3:\[$([-GY\@/T``` M```````````````````````````````````````````````````````````` M````````".MHZEUSNJJGI.TJLQN-5/(L98\-(K/D&QI&-.=1BZR>/=,W'>W. MIG.,=_;GKXXR(??-@V?F3!^C=\L4Y&#-=-7!5-41Q4_8SZ,Q/1[+P[AMN#NN M/\TW"W%W&XHGAG736.J>B8GH85J/C!H30\M+SFH];0U(EIZ.0B9=[&.IA=1] M'-G/OB#54LE)/4RD3@C=@Y)Y5Y6OW,K8,.WC7[M$4US3-U/0M29````8%*ZJ MU?.RMHG)S6]"F9N[U/%"NDQ*T^O2,I;J,7+HQ:79Y!Y'+.Y^IE,^7SB.=G59 M]5C_`+/Y9NH8[+<>]!ST=*P\WI#44Q$SE1KNOYJ,D];4U^PEZ'3W)'E2I4DT M=0RJ#ZI59XF5:-CE"F9L52X.@F0V,9`?)<./FJKEKRJ:E7K#&NZSIUOUQ MBTMI'U2KE=ZINL)L2F0YX:(9(,DJRRM]<8NU6*!$4E_=\)GZI&4(<,N6U9K% MQ'I1+C7-#7BD+N?9J,8M4*^K'H[(5GE[4IL%)D>/,V3NZEH'>1,`1A!G,R1PT11PDT-E$O1/.2@/+K0&B'S5^Q?:4 MU(\8RL)3ZU*,W6MZ);C_`*'GC+GG-)ZDF3.;^CM=R:5UQ3I`SC:3=IB/0V4OEW#+95OZ+`N$ M"S)NLB5''9A;M\`'H5XZ\?EY&E2ZVB].JRVMEG[C74FIK*EGD*$O*RBLY*+4 MQX:$RXK"DC-KG>KY9&0RL[-E8_53/<`_*W'/CVXKK6H+Z)TVM4V-;GJ:QK"F ML:2>O,ZA:IEE8[/56D*:$S&MJW8[#&MG[]B1,K5X];I+JD.JF0V`YRKZ:U#2 M'E>D*9JO7%1D*C6G=+JKZLT>LP+VLTY_(XF'U4@'47&-5X>M/9L;[;:2IYM-M%SH=6M%BJ:F'*3W!ZW-3< M4^DH,V'J":^/=E$NBR95/URES@.+/QTX^J2U_GE-%Z=4F]L1[N)VE,*:SI9Y M39,7(*)+/XV^OS0N75OCWZR"9UT9`SA-8Q"Y/C.2XZ!R*^C-)NG#]VZT]JQR MZE9"D2THY7U]4EG$E*ZS2(WUO)OUE(@RCR0U\@F4D&LIDRD20N,-FQ2M;F( MJ#5K,9+0*C&&0/$2<=6USQZ#AOE-5)BX=.[)A8ZNU> MI:'KNST]9:FJ=(K-;JE?V/MQ=!I<-K(+Q+1LNC9%ZFI)1*:*":*!DIZ267\] M9Z)B]U:LD-TQN'67^JF5[K3F_M#L8Y*8 M?MUZJC)'F2/(^'<)O'"'D^<@T5(LH4J9RFR''M>4?&M[6-AW5KOW3BU.U(]+ M';1M9-CU'Z.:\=G=&8IIW.;S+8C:V15ZF=$BCM1),ZJ9R8-DQ#X*&7Z[W'J3 M;L%(VC56S]?[(KD.^7BYB=HUP@+5$Q$FV:-Y!Q'2K^$D'K:-?H1[M%P9%T5:(;7*[0VV*-*U>L.["KA"O,Y MN<83CB/CWEA@"%;JW]0@ULM!J`_XT)TO,U)9J!+(WNQIXD! ME<_S46;RR3RT-)8;=OG92SV=_7IX`,MV:'2*6G1Q;[]-4;6?* MEYQG/SH>N?-A#=M>SCIY.%OVWYP%3.6['G.MQ>D"3KFAN79)R:/M)#3Z4^G* M+ZU]QC_FXL?\YXP\.P2=8=YFR(8\\[3*?;G*&')21GUZ5ULI'):C M-#S19`UPP]-5E-B?-"N*R:LE:_MLRJ3_`-WS*F1_8?-_@KU7]VZ!LBI3?U"" MVRKFO[_C0I2\34;FWDK;>[%GCP&%R?.I83+U/#0LEEMW>3E7/9W].O@`_=W; M^H(:WVZ>]]#X/V] M_AU`63`:)9-7D;IO;&WW'#+4N_+65U<>9>U[)I#D=I*MLM/0.VI6L;)GX+:? M'_D0GFKV"92WINHL7AM6,6"<*X@K.^ZYKI&N$T0I%$:%Y05?C-S@TC5M+[TV M+1[[Q=)5M(;CV/J25K6X+E&5B:CRZVXRUW0B,E&LM24SCQ:-F6]ZP-,MO>;? M$S">$ESYB7KUP&^+6W')?5+#DQMBX6^X[HV?R#K\*\O!ZW3:OK]Z\A]>:^?U M>G5"A49-XVCV5D-'/7!?>9>37ZD>WS7LVU36B', M@22;S"T,=Z5N0@#'XK6NUZ&MR4V'9N*FYKC5>7^EN7E,TOKJ$UVUG['K^0VM MR(VM>8NA[0K:;Q1/4[+?D3?8JPO7,KEM$QRS19":7:.VY$C!OFTG5K#1M-:D MI-M?%D[73M8T*K6:2(X4=DD+#7ZK%1,T^*[5QA5T5W)-%%,*&^4?!NN?'("3 M@``````````````````````````````````````````````````````````` M````````````````````````````>,XQG&<9QC.,XSC.,XZXSC/AG&<9\,XS M@!P\!78"J13>"K$)%5Z%:&<':Q,*P:QD9G-3CC MP"T18>1W*/8#?7NLH!ZPA4G6&+V9G;+:)@KDT+4:C7HQ%Q)V"RRY62QTFZ). MB;=!9PL9)L@LLF%4/3=]9[@EZJ+B[PG%J]V;Z?:[CTIVU:OV355:7?6E5,.9KT4F2O--?U>VU*TSE3>(V-A#NVO8Z'O-[BHR;ZN=8W/6Y)+8KS.P6A:6@W5A95`D]*-JY#RKFH0"5MD$XI9],DCVC>3[VJJA%TU$R!&^ MC>>6L;WK]A)[1E8&@;20JNR;[:=L++9J M:=-DWRU*]5>C*W+K7E'"CF'MV)B$QK! MTR9;+=W2K$KI[30(S7CN3:)SCN<91S6),\;X=*)>>CWAG49RZXV2UI+36>WJ MJ6;/#N9OJ^/(14(1LQI#+9DFP5M4HQ9U9&R0^N)%&P/8@[PLJRA3>_+MTVQ3 M*X"->.O-2@\F]Y;FUSJR0@K70M9:NT1L.+O,9]*8^2E76XI?K%25>L]:@ M3(1J$=K!I)14FT5=LY=A+%42/@J>#'#$M7\_(>[5^T[)O6G;EIC1U6L>UZ8Y MW'=+KJ66AEKCJ?)1^RE+-5FT$M:Z8RUL]<) M)6)S,,F+>".NCA\=OYR7>&";WY^ZBU=L33^IJ=::7?=B[$WAHW64Y7$)2;RA M`UO=*A'#&9:V>%@9FHGMR-7=H6!G"/'[1T_@LF>)_L#)*'"QVHN1&F]\'F2Z MFN:=O)!1MUVX&FRU.TUZ0GH:+8VRI6?Z-OLQ\M%J/(YX5LFT-&P5(M4)(:Z_B"9.PR,C4Y!L_+JS;,II6W(V2`A)R M0LNM9&0ND0NXKS:<;-5K%!IGD&N.Q)9-,.5=1''RR'E:S8>-VBZW MR&MUGE\1R50EM?2S>==692%D$7RSLLIKAM'1Z\VBZ00PW;V"-53,H5QGL#%- M4>HOQKV-H31N_+)89'3\7O:ENKS#4S8\>=*Z4R&B)UM5;2ZV2SK&;'&4B(I= MH>HQTO+/W2,/'/%B)+.B&.7&0R;:G/CC#J",W,[M=WDSRNC*%L#8UOJS"FV_ M$],5W5ZC%K>#4#,I"Q<+L%Q7).69M'_S2\=(QR[Q'WQ1N0_?@,Y8\N>/,E;Z MK0F>PBJ6ZY%KF(>&-5KJ@JUO$4> M])(Y3$R8+(`````````````````````````````````````````````````` M``````````````````Z_G/7TJN`/)GDO<-R[[]0'E'H/95HBJFA+:TH'.&LZ MCIT0S@JY'P42\@]>6>(EW-=3EH^.(X7PW.FV=.CJN<$PHLH8P4W_`+&'I.?Z ML_-/_P!2C6G_`'3`/[&'I.?ZL_-/_P!2C6G_`'3`:LO5X]#C@M&\5B3W&?U7 MVLWN*OW>*DZ]1N>'J*Z2ZJ-F[ MENME$JWO"(:Z?0^]&G1VT=HWZU\S_48T+H)G'TE]&4;7/$3U%N+\CR$L[]>: MB#2=DGYS5]YV?$P&LHEHVPDHU4SEV_?.6Y\X020QEP'9C_L8>DY_JS\T_P#U M*-:?]TP#^QAZ3G^K/S3_`/4HUI_W3`AMZ4[:9B7##U7.:S]\A)L%F;%+ MU*J(11Z[2=)';M$SQ-<92I3N%BX)C+99)QC.?V9RGZ&P':U23PDDFD4RABI) MD3P950ZJIL$+@N#**J&,HHIG&/$QLYSG/CG/4!HUVUQO0WGR;VK!KR\!& M.V"D)G.39"O$#PHIEDXW\MIZ@\TN%U5XW;@U9LRB6"E:8L3HG##C[M,SR@Q> MZ=FFEV>V58VPS]K@*JG]*D9U9H:"E<>\M/=G$G-N)(-P.M:KQ$B"(X(8 MB6$^@:\=<\8>,Q>*NF==<5M_\,W%YU#7=!27(VWT6^*_0??5#K6OK70*TGM" MP:FVA%;*C==R]VF<6Z!9+S9XEY-Q16JF%D5W*@#-N&'&F\:3/0T>-W+#BYN$ MI=21M`VF]/"OK6LXU?#[4ET9$*-[4U?@-:;>A]MR M+V-YI;AV@[XU_P`6'=-NFF+FSU4TV#Q"M]MTZXY";%U"C5=@,VSIO:IMJVPD MPR3!IF/<*/D5PLFPXD\:;*QW6K.\B^'NOJ+O)GONRP:D]LI*R[BXZ;'VQQ8G M(F_:ZBL-=WL=(KYTE07DW(.I5"+Q(+TI!PT731:X6EC!M+XTZOV]7>2^Z=I[ MLW5HZ[WO8.A>.]7<:EU!!/J\VU/5]>V[?:]2FXYO-62VY66`Y:/XUWB+V)M._T M+E3Q0<\DMBPG).(Y*5*:8O9FCZ^KE_SI/#Z;I]3CM@MK;%O=+Q--@$I@LX9! MM85)I-=Z>+[VB8#%JIQ&6@(2D573O,_CJYXTU#EKQ:W%"24H6/M=]O&QZ7K7 M1]8KFD+-=8^])53"-JKM>BK'`88-_GI_B0BF1$\1IP[3TTWO5[V+$T0]Z=VADNN6_'2^U[7&6VK^0FH.,T_,KP.Q MN0=6UE]&X/D/O690VI;)U_R=FJ8_5+.P$Z5RP=LG+>1<>^2<K1MSE+IBFV)KR?<[KV)6D;!`PQ6N7T9>JOMBZSL? M18OCSL/F5M+ GRAPHIC 18 g318554ex13_pg018.jpg GRAPHIC begin 644 g318554ex13_pg018.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`*0":`P$1``(1`0,1`?_$`'4``0`"`00#```````` M```````("@D#!`4'`0(&`0$`````````````````````$```!@("``4"`P8' M`0`````"`P0%!@4BY>SUW")7. MG5"V`+-_KDC>6<8228N4)6\0"@C&`.3,XQG.,?7@4>Z7[.:;[3)7 M&+-W$[.-B->DUD6HFCFO?7'H$S6.W2FM&YJG.&^)2W96SX36DL>IF\R0:8H\ M\(AI&E*G48$7X!\Q9(7MB"L$$DD8&:;@DHLK!AP\F'&8+!@'G-,S]3#1^'B( M6?VY^O`U>`X#@1.CNZ-(2[<>P-&(NX2!]O&IZ>CUTV9]N8CSH7!X_+WE,U12 M//\`*O5"F33:0IE.'!,VX+$,3;CULBQXX#P)8\!P,3G95VU5]UG*(BFG>LFV MUYDS&$S.;)I!K]594TAD<20G)'W-%-Y2J>VM'%C\$*,*1F&@&62CP(X> M9-K(/VY&"``.-&6(K(BSB\Y#WZ8UNRM@Z<)]GMJY?)WBS-S;%EVT;-`GY2L& MV4;5-C`;"JCJ&)(%A9)C4PL=?LZ!;DG`0YRJ<#AC\3!#$(,LW`T M=*U)=>OFO,XE1C;;>T*ZP$--15,SNSF;(\U=%\3";K%:Q`D4(6-N9F4PL63U MAA)9AIH"P9$,7AP-W(-E:AC.QEUY*LBEQDK0[RR#Q-(\D? M!VO_`.@3J1_[>Q#]&/[Z?@DL_H__`$W\#_K'^5_YC@8*MQ]](WNSO/MCK/LW M8-[CU@U;MU)KE5'6-IRG>%&S?8A:F5[AVG#@J6J#:@P6Y5S:C@YL\7*F M5<8\VL^)G/WY$.(P2YA0)S!GY)'D!>0A_,/EHZ6MU1[;7 M=V&[$WZO63:*%;A:Q:D7=$[EO:CG>"4Y6P=@W?;J=0!Z:,0Q=JXYRIR?2&RJ MQ1]T,^]/BIM4E$*4HS`JB\9+2FA)OX_?75L/+JBC_:!L!OILSFW]Y7F.WM9= M=0I3!([%9ZU1AW=6^NDMF.3S"7U]?4CE&`9S[%K&S)$K39JF[EV0V>IYWAE=[,VS/=@Z_L6:VZJECK M+OSL\-[1$H54-6X;L%5K0U95W&$J%*>J4E*'ES&8J)38*&,S(29^0Q94IJWI MXW5>HDGD`ELC@<>K9X<8VB6+UT?A=G3R*P2?R$\I"`:@ML:H2_+QJ3/H$LK. MW%3:Q)8^ZR. MOH,6O8U#^ST>RM;$0;))&-NR%0K*-Q^X0C.]P$DM2.['M7K<^S[['$(WV(T] M)]0UVV,\UZHXJ,P.MNM9M'N M2U`QA(5N^3#.#:CZXZ9Q08MR@8-4'"HX@.0[_P!H/D)[?PBY]<[7UKTIQ:O7YL)9 M$9/G)" M6$92?E822C-+K3A6R#7!GKMEC-_7;2!%.LD<=8U4-<_EJ5'L[%-[#E9Q_P"6 MU,3B)@CTN"4#FI7O`F\&1^D`XQ2$._?C:;Q;46=KYMAO=V<;P-!E)3JW4\'I M\FZI7!X/#&*10U`J=[&=X.L=1,"=ECZK$C;FY(T(\!3>=`:(!7JX%D0>=E^V M;0F#_(%HR>W]?K)&J+H#KV?SZGL-$QR"7PY5;>RKDS2]0J4*(LW/+DV_=:41 M(\HU'M!EG"4EE>(1&!SD/24=N^A52?('V(M'8V^`0J$U/U^5'1U+.9D-FTA1 MOV6INT/:+W] MWY3\>VI!1&NM>Z$U/&)R]UNQ+";.>]8+W<6Z32BG6PV0%FA9)?9LHPL-<74K M"4HAA]),:2?GU$YP9KO_`#Q]1/\`U'BOZ*?V+_&)#_3O^Z?Q+]1/YQ_&_P`/ M`PT:7=O3)&*698_"6N`(9?!)_ MABP&%C(<1N7N0IE^2<&!"(>,CX&6^;]-5I;0M"J$=A'9QMAM;3BTO!;G M1D+CU6:JUG*O2+QA'B?IZ9CY$HF:9$K`!4!,OJY=`JNEMLP1MO:6PF;V+L$Z/#/.+TDK]7LB8WR(A>I$YM2!$L9HXD8BD+ M]>=8GQJL225325Y%[(SEJ>9?[I;M3Q2@'ZA2< MHL(16T\^/YUEZ21^3)*GIMSD,[ED&E=>.5R6G)E<\LQNCLU:%[)(BH@L7$)X MQ`E*]`Y&@&N]2N=D[B[);9MFM4?60[5>O; M.7L,3JBB(XI:U4=*6-D"@Z1`DFL[2116-K)>WP]8-*C,,"E(3Y%C(0E;V7:2 MB[%-,[9U`%;D@I%#;(H>0\3J-LB61KBV>-31@EC@QGLJQQ:25S?("63VIV/< ME9#@SS?O8#D`@D%K50<)U9U]IC7"N/>Y@M(5M$:RBYSF,HQS6-419DC.0X.A MI!9))KFY9394*!``$(CC!9QC&,^'`CUV/[HPG1O6&46=((KBTIY+U[=5%#T, ME)PN?;]N^>C&SP.K6=J`0K/6D/#@9ZKB,))F$K60H.R'/DP$05Z^F#5"Y9]V MH]F%W[WRJ&7Q<5>T91^O4L96EB`=3E-.^P,54659&KM8M2\]Q:3H54,)2-4< M4^U"6G4^\5>H`8E!IAP63J7T+T[UVHF:ZS4EKW7=5I9_7L?;#@-DS) MF[<>S28,F7*U2IZ>A.+,HRCP)0I,$0D"`DG)998`A"*V.C;JGSK]"]7SM-JV M44U!+$2VPSL!RJ4_>5]@)4BAMS(95-"Y`7,YD8L:E(T:@AT7JTIR/RD"*R4` M`0A-.:ZCZ[6'9VNEORZL&%TG&IH97C7M5CW:-FK,:Q9Y(SM0*ZD52QN7 M.:ZTV*)JY%-+=EJ?VB8]ZAE8Q)L^Z/.5YV4IYA20HX8/,`TL(<=!/35II)M0 MM=-^MAZ]*V*V0OE"]7T$^W/)(:SK!ZF\P=GP/]M*E,++@3(L-](A4:N-0J%6 M50LB)&26$``A9.!J1JZ&?3FTS->Z<66-9;I$7J>35RKR+NLBD[M`F4,=A;BY M.3DVJE`E<79`83(A@R#)!?CY?#.^_*;*].P0^NK0,6'$[!`,Y^F!8QGQP M`'E#M3@;8I$C(4*UA"1*2K7Y)$N5%$%%J%HDQ6"$^59X`8,49()QY`>?.?*' MZ8\,<#<\!P'`C@&E$9Y0B3"-$:`019SP/L?CV,#O(M(IQMW+"#0S M;L#VIV+V\>%*L1@EHX],[`7Q.NTIF#L8-(2)8+#$(DQ.?X1!V,8_;P,['`6^4V1KMJI0W6#I=`#@B&[NNS6_J1VDLJ/BJ/P$H$\.) M;PQDK%)(?4`T,BGQ%Z01^(64]/Z'2ZN:J:XZXI%!2P%'TG6E7J%Y`/(2Y.,- MB+4R.KH6#QSY`N;FC.4>'U\/4X$C>`X#@.`X#@.`X#@.`X#@.!2K[3;XF/43 MN+VH66^Q*6JZD[:]+&MOH:PV".NDB8&+&!!PHR4%I?K_`*1*ULT\!P'`QG.74SJ&\=A)?90Z,4L<+W*:F3R1 MM7(L'U)B>QJ.&PJ.7%^1C$&2\VDPPE2:UHW'*C($Y!HS`%!4"R=P,F/` GRAPHIC 19 g318554ex13_pg019.jpg GRAPHIC begin 644 g318554ex13_pg019.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`*0":`P$1``(1`0,1`?_$`'H``0`"`P$!`0`````` M```````("00'"@4&`@$!`````````````````````!````8"`@$"`P()#0$` M`````@,$!08'`0@`"1,1$A05"B$W(S,T-646-A<806$R MR5K!9;/GA"TE`/=5K5#F!PD+@E;2#3"2CEZA(W#`2$0P!$9G&,YQC[>!Q-47 MVBUIV;S"(6EM;VL77JPFM"TD4;UXZ[-"&Z9(YQ`6YMG>&Z+/^S5G1BM)B]RE MVE)B4@U05_8/TQ[C M!>GKG/\`+G@?O@.`X$5&/]9TVR7A8J5N859\2A$6E#X MC98NSR*5>X*%%,Y&6M"O2-GH(T;;C)^)W$YE+&YVU_J7$\B[(GA.$HG-',9&H>VA#&E(B583_4W`P%I0C.'G`0 MYX&/H]V=D[-]<4C[);IIUQUJJMN:[DL9FC[S)4\G='&DZP$Z&MLV,78;F0G" M^2IF54$I,$K`##2PY*&,LTL60\_IAE&S-R:CJ]L]IIA)7.7;F6?,-C:]K-[/ M.$U4)19N1J4S2A9F`CRG*5 M8R2,",`#`LB'C'`RI;LE3\(ORH-9)%)Q)+FO6+65-*WBA3:X*LN\;J4AA43= MR5.*=.8WM)3>7(TN"OB3"\J1B$$OW"#G'`J@W([_`#5K2S:!XU0G-";GV!/8 MRRBD\D?*IH53)(BEBB./-TI?Y2R+U[^S.$OCL19G=.8[+6Q*I2H?^X45^YO]]G[.R[\Q?Y1_,GWE_H+\K_FX%)^X?8"P;R[C[6ZV M;'6=>;-JIK3HK>.N2\A MK_6RUX56CGF=-J$DU46)>M/5.2CU'^$&,S.,"#Z+MU[^F+30BNH9J/'&Z^YF MM;:=NZ_+$3,SU*ZTUTU:L*811M:I?,B6`Y&MS,;202$HF/MYAI)Q9*@*L98_ M>G*.#09@`%9Y:+@1/V MI[P=SY1UA(-KX!LOJ=J/<<.NN]*(?X+!84IV.=-J;!KYW900O^$]Q>%[FVBK M96Q.XQ/;ZL;U1*0]*,85)8?:G,#=W0!H!M;/ZT;^T^^=^KS1VEOB]QF[+/K2 M$QFL&QFG<;A;T[-%#6IUBQ8L`;V,ME3HVU:622/(@8,P$P>Y[ MNKV7ZG;/K8UCZ^9-L%K%((=A^FE_H)J[L#*Q2;YNO;U4),4-$(ES9%7!O1E) M%.%#P(DM:%;@*<(LE&9P&+]/-LCO!MG5]X[*;+4U)X;66R%M3F]*QL.0FR`9AN`E9]0!:4IJ# MI^WAE$/)?,N[O5B:O%+A'TBM8N88Y:$LCM>S"1&@1!$H);V2)R1:>H-QZ8** M!D6!R%=JWU;5875CR\H:_);&8M1*I,)",K)^3"L`PG)494!*743O`[/X&YRFY15=%=[ M:.EFI#]M&]:IZX)8]$8WUMP%`YN2"DHO+[=PTK@GD+*QAIR]S8%.%#P0C&!0 M$'F":#@;_2?4US@RA]`JX!/=9%V\6X5GQ24W,_#P:@U]U`UTFMDJU+6WV*XG M28LHVRR*NP5@:6X' M?6^M;%=G8^*7)M]<2YE<,1][USBKB,I6W5&AE*8E(G>G!L4@?L",$3X,>/U" M/;?]56X4+J=>L=VVB,('VCP;8ZX:3CVM<50/#%7<1)9'E.WQN161.U2A3'BH M?#5:A4C6*$KD:N=LMV,@`1@X1Y8;4^FXWWW,V'K7/LDW#BX->'2SFVNJK M16.O@E>U]'INP(S9%/%T$=EOR),RQ1(T/S6@3MX3#"SS<&&9]3BQB&&=N-VJ MZ&QKOJTCE5X;`1=AU\U^T;LZRJ^LU&C=Y=!7"X-F/(:UWHH+;#L\[Z# M*4I79QEU_HZ(=:4>>'*S8A&5J^R4VM^R$C2-EEQ9B0R()(6FTK-7'#(*<2?@ M,M\W!H,"'[C.!;M-NFZ^MK65=!.Q?M#V.V=I9Q($2ZT3 M5,"K/4^NY6(LG'R\<^/J]$LE4O2(%X`*PHC5Y2,2DD`A@&''LX'G./T\VI[5 MUXW#H)5EAVK!S;SF4#GEC;*/ZIJL"[Y0_5Q)&)\B)3XZKD[*E6,<=0,)2!M0 MD_#$H"A"-*_##,&,/O@]!.C2K7G776*0EV1)ZLI>\R]D[/;WJ4X5.>W=RX9W M)`?*]G'@Q(-SG@#W!R$HPF":G*+(#A(#VI_4.0E5>_5#U^[%%W:LL/66M,3& M_JA0TA/+(8(\W,\^(@;,WIFZ-IHH]EIC2HFY1DAN1_!JD1!1F`H$I9OE)(++ M"$5M-OI[^M'22/OR>M:J?)G8,B@TKK]3<=M291.9^RLDV:'!EDN8.6H3I(C7 MZUR0N9H!J&=K1J1@S[3#!XR/W!EZ!].[GIZYU$JMW=G8';2.ZQ,*R(:HUA,R M&*O*FI./'-BZ.)'0V%0D0"K%GK?$EPVQ*[/AZH*%,89\*04,01@"779MI6Y] MANE%RZ@-EN.-(YM\F(H7">ML?*E!B9GC\WCLK=6=2R&N;-\:AD*-C$C-P%42 M((3O=ZB#C(!!OO5O7J%ZFZY4EK17AJY3"J.K6)UK'USGXOF;FBB[2G;A.[EX M`@(^8NZ@H:D_V8P'RFB]/LX&ENQ#<>M-']7YK;M@Q[]XKP[C1US4M)(TH7.0 MWW<4X&)F@-0QQE^&7&NBN5NYP0*?:0<%,@`>>,`@EY#D.VOL%O M+?)U@]IVG5>ME,TVZUY'6@!]/:XN&S+&NGDEU8@+:H-6,)C75M8-R-G<_@P8 M(4&.RK!N3AG&G'!TKT+H!IKK#2D]UUH77NOJUIJTL2D-CPIA;U`DLW+F3:H9 M'\J3.2]6L>W@E0QJA(2@'J1A2H_0DC!98<$^+V8QC`3=G& MF^MUBSC62P)75[(M?-.G!Y===,;AM&6$Q-@LP.!8"J?O#'IM2U'1F=2;1:F=N]Q+#LTU%J#43E53)))+8E^ ME1Y8Y*I=)2F]*E=9#"X#&&\QVD.5IIJ4Q(E**-R$8R3`!7AT"]-6H=MZCTIV M#[5P8O8N^-@'^?7LBBED^B^C*I>9!8CZ`!D#I(L)-?D.BG+(6J,5JT:O)>3` MEIPDEE!QD.FT_334Q98,UM9QUOI5XL6Q"X,5,Y>^US%GYX?"JS;!,T!`>>\- MJX*8,3;!^%%@@)7B#C'I]H<9P'M+M5-8G67OU@.VO%(O$ZE#TP2202]XJV$N MLD=Y#%6HMBC+VM>7!D4KS75@9R@ID:CR>5.3CV@%C&<\#Z-KHFG62YI1L0TU MU%V^[YK!H_6DJLU,W`+E;Y`XJY+7>/Q9U3.]R!?9RY(?D9'S&#U!&\I&\P0/(D4'9.*$`6Y-SI M,4<*5=@>X.Q>SXUJK)F5!T&63I;7M8I`!.Q@XEO1P^#DC2EB]/:0?C.,8]>! M?!P'`<#E#[`]BFYHW6[*KW<`(I/(-$]$ZKTUU.@HS1934K7TC15:UX]K2 M`X"2ODD?B[?Z`#\EATV=;E'AULT"TXHS* M8>UKY/E26$(`X#@.`X#@.`X#@.`X#@.`X%:W:Y_\GB_Y;J7_5B?@63%_BR_Z@?[..!^ ..^`X#@.`X#@.`X#@?_]D_ ` end GRAPHIC 20 g318554for01.jpg GRAPHIC begin 644 g318554for01.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`)D%D M;V)E`&3``````0,`%00#!@H-``"F4@`!69P``AQL``,U`O_;`(0``0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@(" M`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\(`$0@#/@*``P$1 M``(1`0,1`?_$`5@```$$`P$!`0`````````````!`@,$!08'"`D*`0$``@(# M`0$!`````````````0,"!`4&!P@)"A```0,"`P8$!`4$`@,``P$``0`"`Q$$ M$@4&$"`A,1,',"(R%$`S%19!(S07"%!")#5@)4,V&(!$)G`1``$"`P0$"`8* M#0@(`@D%`0$"`P`1!"$Q$@5!42(3$&%Q@9$R%`8@H;%"(S,P0,'14F)RTI,5 M\.&"DK)#)#34-94V!Z)38W/3E-464&#QPH.S)9;BH\-$9'2D165UA>-45:4F M%Q(``0("!`@("@<%!@4#!`,``0`"$0,A,1($$"!`05&1(C(P87&!H1,S!?"Q MP='A0E)R(Q108I*BTN)S@K)CDS1@\<)#4R2`@Q4E!G#3=/*CLV1$5#43`0`" M`@$"!`8#`0$!`0````$`$2$Q05%A$'&!D2#PH;'!T3#A\4!08'#_V@`,`P$` M`A$#$0```=,\/_6````````````````````````````````````````````` M```````!\PR)```````````````````````````````````````````````` M````?,,B0````````````````````````$DR!$"````````````````````` M```'S#(D````````````````````!.1U/.MFU/'.M\AY_P!/Y#IN\[G7-GV. M'R6>FB<;AN:QKK>Q^*>@^T\19[+RO+[,_G:> M^CX_BGK`Z.>!SZUG(3U75AL?6>)\]=7YOREUSVS@.K]&X7D/9A`````````` M````````#YAD2`````````````````28Z?1N/^6/;_:/F#UMW[@/(7.A=E\1=8^H>?E3MYX8./G:3V`>'CTN4CZ4'Q'/1IY4/69S(^RF MG1POS:_YT=4^Y=4Y#WL```````````````!\PR)````````````````#;N'^ M7ON;[E\9_G;Y;=]]&)//Y,:T?,8V6K#/F=MSX5E/G\\.GJ@^2 M1Z)/NR?&T]E'C$^V_!\?\./%/M_6.7^D0```````````````'S#(D``````` M`````````3]!-[\P_<7H?2--Y_DOF:?-L^L1Z3/0/$Z7)NGZO`^%]*X[QG?^ M<:';M7IYZHY$1<<=M-_`=(WNH]CY/S_OO-^;]T[AN>>.5W-+/F2>8#]8)H'` M<;X(\X]$\(:OZ7````````````````/F&1(````````````````GW#;^:/TA M]8Z#GM[8^1=N?J?6JS_0-3Q?U/W?SYH_0>"Y'V]LWT+-+5=GJ6X:G=+.-S9C MF'(^7WJM/;-;N&8K[AK_`#-\ MD]+\8Q^D````````````````#YAD2````````````````%FGK?2-+YD[5M>' M>@^R=3\&]2^I^<3U/:Z[L>MRO( MM_Y;W+CN&ZWK?<^VZG8P";#B^F:'RO[U[?\`+?F7JO=N14^V+[]L%',TL]34[_`#6YAM]'T?70``?&K+AQM>SG```` M`````````````!\PR)``````````````````````Q.'@'&>6\:Z]J?9L6=KX7U+7]CA[]>W2SUN?Y?$O2=;ZIVBKU8```````````````````` M`?,,B0````````````````````#`V>=]HZ%^3'FWN/=;'+_J!N.IVN?&WE_* M="W'3[-9QN@FKFW(>6]AZ1^8[YY+&=@_4?.8^F+$@``````````````````` M/F&1(```````````````````"IUC:X''<9^;?3>O>$838NYWS'9[]_T5JW+^ M[:YN]D[+PWIS)QXYR7S5WWH_Q!E=7K/*N`````` M`````````````/F&1(```````````````````#9C%V\?K]_#I5YUE=+RZ6OK MM/;]9AV/4=*W^*SVOR^"OXG>.)Z)0=%RU+'[_P!#;)1V[&V:4\6YNCE````` M``````````````!\PR)````````````````````````````````````````` M```````````?,,B0```````````````$3ZM[%XES_3[1O^YUCF6AW!Z.4\=W M;U'V'QCD_&]WQ%>_M.QPO1=[JB0T'3[/MNSP;&4.-E''9D8:3J]BW+:Z_D<] M7$U[N5LT]TVNO)]&]3]A\ M5R5FIK='+ZW1RUS*C-V\=!%E?&V&+.<:/;=FOX?.7<;OFYUKG6EVO*YZ.][G M6N7\?W/#U[[D>:N!]=````````````````?,,B0``````````````````"UE M35QN```````````````````````````````'S#(D```````````````````` M```````````````````````````````!\PR)```````````````````````` M````````````````````````````?,,B0```````````````````!(````(* M``(*```(``````````````````!\PR)```````````````````'2]C]G\!R] MNAS/0[AF+-&SE1E+-/=]OKE/'85&'JY#D'&][T?3[)Z6Y[R!$[%?Q3V&2LU. M1<9WOS!P'LF)JW0``````````````````?,,B0``````````````````":<. ML\ET?'X;6&JY#,V\?KE'+;7L\)C:]NEAL[%?Q.'JW\_?Q>D:G8\S9H9^_B]) MU.Q;CM11//M+M(@``````````````````'S#(D````````````````` M``````````````````````````````````!\Q--8```````````````````` M```````````````````````````````#V/Z(?;?RG``````````````````` M`````````````````````````````````#QQZA\VA(M@.F M];[]Z*Z;ZTM6U\_/L+\@50[6E^*;;B%+DUP+0X04!&$+%HDVP\?R&+^9OTO9 M3#D$4&6>\UL>P,L4Z[X#SG=^>BR$9JQ&*+`"RJ M82(],=%]N^E7@OVZ[4MY)]Q?A@Z-PHQL1B_9EC78KK$A8%%`"%A"P!6;=78P MOS'^FBZ^V]5)JWNB4(V8Q8I82LE7/921E87DZ^VXFT,(1HXG&#AH\@8,8(2IA3B MOE_]+':/+A-JI85QK9&2B"B$D72LE$4[QCR7J;C>W-'%12UG?9O7P+K#2L%8 ME%(1IA]NKXD?2>>G[LMW)3,`(0!%:S$HX2(7K/SQSKFO!DQQ``!X(<1ILL>W M],](^IOSU^@Q1ERK[B_"Q6$*)A!H\40>F=9"PA8W2$B0P@BF;+EL;\N?I*FG MNO9SXFP0AHR=$@+AE*2,B`"SJ&AS/HJOM\.,0Q"Y:F03(-91IG86"L/)RJ!K M^QH?''Z)MYKS6SC]S"3,P8S(-G`0N*QJYI.)GA6XKYYT/=\*3&9[-:/#(B9J M8-B%V<02,G)Z?USO?UO^9_T.?G;Q_P"U/PMF*S6F0Y:HX:`],JR)@QB(1(5Q ML8Q8TP?,?Z3V>/[*K"8@E!F@ULW8Q)&,E>PUDEEDZ7I*8=E;N>ES7J.KML.* MW$5LM2=+APTF&BDY$!&8:_C?C]]#7\AY[:H;E*]5!@R-E6/LI;MY5?"KH7`^E_2[Q/\`227:QY-] MH_A&QM.:LZ*[;F1(FJ!*(2C$0*GLY&8AR6SAB?G?]!DZYV"75VG:/(U=C-VR MD:=BO)FMM16Z,[72JR3+=.3MR>M5F=/;OZ_-]^U^U94>(J>R>SD&$HA&3"$9 M$5[^-^-'T+=S'G]O&[E:9RBQQ'$$UR1G8QR-.&3@95^G?%?E[H/DWS76G7>V M9=J(+X?H3:5P*Y6Q;:U=;M=7IO=.1_31^=W&_M+\([T;4Y7%)]>XQRAVM2%E M.F$G)$554C.9F"K'1M&HBJLI>?=\V#Y/]G6YW7NW M8_J"W9:['&G"6;81!RJ9D]FA(2D0A.((4"?D.'^*'T'R7/\`F+UL%? M:O0-GZIKN7G1DT0=)^:;`N!UV6U[W<^^=E^LVS1"P1$:P(2JJG9C*X6"$>* M*.&%,.1X;XC?0W*:3REE/:E^:3(FMBX-F6P2(;K8+B?CAW_R[Y!W/B/F;?\` M@>W[GPO=K"$1!M776S;C9F1#776JJJ-_JEGU3)=RW*_KG\B)FW$-86X.U>0* MI40409L:LE]%6AR&C,]>UE?4VZHVI96NU-M1P[9QAG"OY!V[9_EKW=T8O"DR#[#LC MIR1L[#N=O[WVSZLF:RL:C;EQH=E-1,!D2`M$9"2DHH#B(Q.SPWQ3^E]S2MO< M>)*M86^&9G0&+8AU!:\D9=MZG\&YGDOF/T;T?Z4[EP/KP``.%%8D8RC6-6=_ MD_TQ^?R/S)ZD(`M$"H\5D-G:M[MW<>S_5;\]95>#FFMV$KI;CBN1$XV8;OZ2%D MAUM2/>FS5M(6%K8V!11IXW,>6>GYCY5]G;D!,)(*.%9(VHNG_379^O>J@$8^^5?:VV%S-J.@":-Q7F9V;!N=O[WVGZFELKF1I3F,[C-J=&2::;+)$1%.U1 MQVL!&VK7VN=66ZZEN2Z16;97(B.@9B30I/H> M@>C_``PO-_+_`*_Z-]4],XGT(``22BB%%'SK3MR-/'_I'X/:EA9810GUM]*C MA4R2BW<(%-9QTM%T.Y3>IW)&;YAHDR17E.G]\SWCWKJ36EAU9,3R;':DC.QB ML]6]*[)I?3659N5:NY?*8YSSQ]R6-+HA5G>EQQQL1CF[L4Z-G*UN%DZ[\??HSL%60_2/P@XJ#%<305LO921G9;N3=E9X M++374+1,1%:+X8OQJW,1I/G8K$,Y^[%KUL=VI1:.R=,].S_D_KCXAU:$D M3.M>*639.,]$Z#U;ZMV6(FB=%PYRM3N[7L]9R$55R*VN%QK?J98X:KLW M9^%_.1F]XCZ:Z#](]OX;UT@$8DUL5HJ&:K%B)VPQ')_I+X<=&M75C-)U8[*Z M4X,:LC)4L8&>Y2RXBYK[]NNQ^.]D++U1&F)5!EJ9GIWI>Y>4>M.KFO0A+K)6 M:I4M(O:';.U]6^P\ M^^F^U\+ZJ`5PFE%`"Y8O<-''(_I3X*GQV:,\5).#"&S&'.(2:K*3'*VY*"#X M1L8VLYLY9L/&E15#@SW1N_;3YEZY;S5-*\@9XS*G,GY2Z_,T.6Z1T?[1SV.Z MZ=*FYEJ=A<6+*F5\+"PPE19B),46=]NS+4.V?/NC>@_.%Q#BHKB85U8(,`)Q M9=1&"*S"TQII8T_MGS_I7?_G^[$N9#.%5`TX@&`$PF6""2@SEM;D]OI?D[ M=\(GW/+?6G1/K/JG">A-F6IB5#">,6MAPX81#SE7T%\066$+-^<1[FG`JAF+ M;<=27`V*ZMFC9RSESY:C.JK&5`Q@8`S6PP'DWT!R7YY^QTB4UB1L.3$+-#V+ M0IQ9%CK\U0X%ZL&QAAJO6--Y_P!YZ/Q_DWI+0\8V.,LKCJMW]F[DL]K\ZR?L M/S?D9S%@J@55U`2D(`(-*\XI=048<2V?7?.&Y\TU-OHOJ[H?UCUKAO0FSDK) MK95K*UEBT`4J$AQ7Z-^"'59+>DRRGPVWQ1"P<6,+),;)IO81$+6IY\6F466W M8SAF<08W-KRU[QGZ/Y+\\?62QF``T:`H@#AP)&T"0U"GV'0N2]W]8]+\6[5U MO59OF[$)".NS+>A>,;I]&?&UK(X0B5UU#1P"B$1".$(['$.+]?YET7RZMR'6 M>L<[V/MO$>T-9.91*Q6K!!A*EJF*S!E^IP+Z,^)+%_%9+5VK%=D*Y+-168;R3W7BOS5]I+CDX!!H@`` M#AS,9BT$AJ>'L.1ZW[A]+OA;SNWQ6R"7E8I73B_JSY^POZ%_$EJM?SGA/T'\11*H;N,NX2X]M;(<7VF3B,),^1QO,=4Q M_)=2FLOO.1F6,9I7IT\N.ERY1V.=S"S6/(??>3?-_P!GR1FH"#1``!P@J]5B M@$3B)]-M<-Z_]*_SSX8IM![&6*G9UX#[&^:L#]\?&EAG*O0J$I,!`0DK%C5F M;$C*K&LM&>4^!_MC/?('T?R_V_PSEOZ:?$/9.']2HN)F85-N22ILQLV*[(Z+ MHB57;;<7@?MMGCN0CMJEU]O*>D])I\KQAJ6U^-Y/&ZG$8.G@M:[5TS4^W>5X M_/5PG+<#%J[E+FNN4>B<$^:?LQV-@`T:`H""CA5 MXL`!&$OYK3>)[U]:OSF]"7"P'S@V,B*:WNK3\=;5[-Q,FI M;+YEWUW9^*=VCK1QFZSB^17@=].4PI^@]3CUZW^8=\R'BGJU[A.4YU[=XGPO M]1?@;M?">GTVK/-^$V>,S=5]NKF':LMC"-4W9ETUI->Y_&'W<5YEM5CE-3HO MOGE\5J'#.>;I9J9.,VO5CHU?D5I_"W.K^E%-RY["Y\>8YNC*?#FOL+Y?]_:O M?L>".V<8_&0!H````"K'L@&9&7.]'N&M8=Q^POYT=O=CL@!,,PAV5#Y%F,6M MLE@NB2G7;AE'G9+@6P1DE621A%MBV(\`YSP6AK>E0\^=-8PQ6`61R&Y3\O..^)O/L>4N8.5Q+Q)+*T<[]D_+/T0 MP.-?SK[KPU;*```````<*`J](STG0[3@]OO_`-:OSTY^;A.38*%D)B,9D@90 M1+8ANZ77/P)&,^-;Y0I9-KD-Q(/VL:M>ECOU7^+*F?">9NC/1^#WK[%^68:=%-WD'U96M:STS^7W[9/NV##*#9U-Z^@?.+.6H70`` M,X(GYX:/R!Y9CPE[!6$39)!DZ>7^S?E/Z+8&VCYS>C^;U+MNJ\!(3`;SZ5T_ M>?KWYQ5<[9QBPB:AWK\Q_P!IVZFRS*B;'+J7NG2+G8^)(``E)V8M76^=='R7 MY>?/;QHQLD@OX;OVG\C_`$=P?):OS3^L_P`WW<]Y@VJV*C?5B]FN4$;,6IDK M)R7,&JU5H.6N1%/)9'KOI_T'_(S]:+?5>>0<`J`1,D8*JBF]@)EBF>8KV6SU MUQPCFX`:-RA9)A,7<."A_3+XNLSM>6>F]:X%U3@'$P&T>I=2Z9]6_/;MBR0C M4OC7YK\N?3QE>8SD*^0]_P"I]+9&.7+J@!$PMBMKQ\R]?XAX6\>:(-;)(,KA MS/VG\>_1.GM8?,/[(_*JOR77E9+GBDA*92K,QR&(Q,(,B2!)D2YCD>I^T_0# M\B?U]R/3.8`$))P;&2)DC"55"EC..;)8I<,RM6"#M2"R&7Y@T21"/TSJMK]% M/DAN;RATWK/`>J=>F%(S<_3^!W_Z\^4K%7(S#D*;-%&KF@;35V#[3>.?HGKN[C\R?M#\IZO(=:1 M:```````-$'@6^M^Q>^_R,_8'.]"YH`:2,6L@&,T5R(B34FZY%+B";42T-89 MBXT`1*5O2NJ3_HE\D%^?D_J'6.!]0Z]9D\8;_P"FU;?]<_(TK*4E2+>4?,'T M&NY"62ZFWZ'\;]A9O6Y)V>$Y6&`/QV?E_P`7\3<'N\88*`@XW'3[9]G/'/T7 MP_*8_+[[0_)^GR'70``````````N\7VKWY^.'[;YKIW.`````J+$4UV39MFB MD(IM:EA%%DC!TP`2"HB]0Z3)^B'R8_/:\O\`5NL>;^C]>?8LD9T/W3I&[_2G MSTW$I(M5M\D^8O>9;(,9L[5_OW@/L'9:]Y;TQ7%)`QL^/_HM#S''?*W[._*&/;X<``````````)M+DOHG^)'[J3\?RZC@ M```!S%J1(Q$HEH@@"@`\4;ZAU23]%?D(QV/.77NL>7.C]>MUG`=!]FZQT'Z6 M^>R[%)(1LN3_`#9[NN[#=";=VQ[XX#ZYV3'EY[)BC!,[)8Q2Q+5;\Y>-^.?+ M5GA;IA2)M.5.4[=K=S^S/COZ'P\MQWRN^S?RAK;G%``````````!+I\1WU+HVMBW=]3N>:F^XVNDUQ',.```!!4"0```&@`"@*@2G8N,B_3?XW?M5>8. MF]8\Y]4Z]*(3F]?1_C6X^]>)D3'MXS5V3:]_,OF_Z0-[&IQ%DMF M\_2;R_Z)R-5;LK4RSCRN52@@K6CML@OV?)%'G/6_/_9;-NE\Q/M3\JM2Y?J8 M``````````9'A.Q_0K\7/W&GXGE%`````6*A*38#!1P``@H90V3L)BYGC;'Z M@_&T6S5YEZWP'F[I73RN^80ZI]1^*;7[%YA#;33Y3CX,<+=.[SCYM^CB5/B, MY<\EA-(9]DU^Z_2[R_Z,R-<*O`!#2J4)I+JH=FK@U?5]RZ#Z=>Y.CY5_8OY5 M83D^M``````````!E^M=Q^@'XQ_MW;_ M`#7]*MPSKZ4V8+KB\9V]3T>V?3[S#Z0R4Y+%X`V:,:61A3OJ=L4>)]KI/H7R M_P!>9S>I\M?L7\JL=O\`7@``````````V'I/?_?7XT_MG8U]L0HB0"S%"H!@ MX:0S*/TS^/X=NKRSTWIOGSJG",+!9.Z_:7SC:[7U> M>W/'68.RRL+^0_/'NT>&=72FZ+B,A.?2-'M_U'\Q^D,HE8O8Q1@DXOKSBKL2 M]6LJQ>='C;D?-_0WF_MV$Y;COE]]C_E-%N<&``````````&X>=^I>\_QU_:( MIV0?.+(R!TXV,:A`0Q+YF%FDY**AK(``"1E"R`]%ZX[]$ODB#D=?R1Y[U'AG M6^(L$J[)YT]@^Y?F"QR_#JSEFTQQDPCCO@GO9C-33FTE<;#()ZCH=O\`J%YC M](9%D+*S#&S@N23*NMG7!5#MFFAM:_C7+IGH[SOVG7.2X'YE_9'Y7,V^*``` M```````#:_.O5O>OX^_M`:E[\0&$$R9),*79(P)&4,V``@D0,1,@27.%0Q+> M2T9?T9^28N_]>\9^<=2Y#U_BKK*MDR_-\5UG[H^7*N_PKL;ERKF8R1;S3YI^ MF%8FO+*LI*-Z.XS/'>.+[+];?,_I>?.:TT.*Y6WXFUY90CW].HB1CX?S\Z]) M]"]KUC?XWYF_9GY2,V-```````````-H\_\`2O<_Y"?M'D>O[S\\%IK6XU86 M6KE"2,)C)``$""LL0DY-S.%PANQB_.%KUCE,8_T.^5COG3/$_GW4.5\+I7IC M,1R4WZ<^YSIOSA^Q/RU,J0`` M````````M<+VG5O)_NB:K99>MX1,V\WUG*AOY[!PW(8+E>,K[-&0X?D798=@ M\"^D;W%;Z;$T-B*.P3,N<2Z$W*4?(*V]2M>&+VH7.VYV?K,G=N%YGQ'#8C6Z MD]REO7XW9O4OE3>/K7YN,YOVVFE>8Y2-KRG\R?<:]8]8?UCWTSQ,=VYOVGR_YU?7_P"9 M"2``````````!.*[?Y']3]TQW,\:NO@48.QAUYHM`NEM<.B7T9^K_A[]"[.A MS%VO-E10$(K3\E:A8)11Y$`DQ%.FY>ROKG3_`&[\\MD^D_&;&OG8T[,C=?05 MQQ3Y6^:_NZQUOU2?J_N]A8H@`&M,=)!H@_?AM$LUT6UH]%^A?/(F?I7RWK'K M+Q+FN>]H\[^N^G/& M^=Y3WWR;Y\_4?YI-PR=5"WEB74Q'L9IE)&(S;.3K*G5P#,8/ M?7O7L=?K@`````2Y1Z4^-ON;:.E>A.BR:A(!&2UV4=S53+"WJW1LT'C",39H M+Z`77T>A>R_"?0?H3YMEP/J5\MB6,[.-WE3YR^X;O1O<(NO>ORY8KO0$6,RZ M,I$`"2?,M@A5F(\L=S][\FL[>SZ(\KZSW+SCD]4[#Q/ACVOPRIL<,9\#8VNN M21L4]?L<&QK6,JR=I)XN3+@TJQ*+4V=9UW1]@T-N]JT4MW2RO&^B>%_?]K'[ M=``````#I>C?CO[=W+I7IEJ,F:AP\0?3=2Y+CUMP=Q^Q'%KYA2,!-B@OI#&Q M-OVGY?\`1_O/PC7MUL3LZ.0QW'1ADG(^6OE?[RO>?^]/XCT^YE-781T#'*_E MM5Z:(;ZDDM]\U-L$(;:8+*88BUVWQ/`4_=1R54$\I*UH6XC)PB1`@%9"X5(A M8O6:F37M':_Q^ZYUWB]AX/D5,M1;\SOL#R;&\S0`````!+C/H3Y4^QMY\W]A MN5YOU`-&@&:INF:I*X=O:0```%:; M'W5T3!;/VD3L+GF6YC%`$$%&BI[FGOK5@M^5>:),,ADLJ5V*T1/CC5 MW:G,T4"P0,8[[FT48[U'RO>.\>3TM'GK%VID.#['OV>CG=_KWT0_$7ZR3=F* M+&1D``!66(6V``UY;9*V1JO-3\>OT[T\7RWU_'I8%L&R``8(.'""BKG892Z1 M2'+/8^]?ECU[KOFN?X,YLQ\A=\[/L+R+%*U%&B``!(+66?=/E[ZRW;S_`-2S M/$\S-HWS[=%.SB&Y&#T-B5SRJSG4JV&-AK0OMFJRP27[M+<-#C>Y[]BMSMCZ M[;NMJMSVJL9WJ\/T2?E1\YINS'&<<9@FJ,"[H'1C8T:@!O(R%>)TWGWQX_3/ MOU'9]J6K;FB MM>5C7U%C=>SJM>+8BO=<8\K+HZ\N7$P+;&MR-#;VM?Q7IU.6==_0C"[7K3Y1 M@2,TFS]%_P"3/S4F[,49QQ*LBJ"(+LDQ+BM:E``WD9"-/(^[;7R<_1SN=/8] MY6=-+I79L%C4N&""DBX&*74W+CD`Q2,=G[7^9/6.'\FV3@\W+",759+CDB49 M9IK^0^'\!P._Q:VV6\-JQ5R%/E..DSY*/)9JYO?*?2)NPV8^[`QI9KR6>+JK)L]N+>XK$3IWM;G^41F-+D<(].L^6/Z">F5]GV96HVZ$V M3FTB5&B"DBX$4JN6,@2:FL=G[1^6?6^O^<[)PNT,P``"2C4\L\5\_P"$Y'CJ MNWFL)L<&91/5@NGL[!CV7:M#TJ?T+LM.V$JQK:W*/8O:K''!(B9L3I1J3-JU M?+[.-P)A1^C'\K/FI-V01,6.:)1(`^,9]&H` MCY&8++':4\<]!GY2?HYZ)5O]L5!<-D#6;UL:A$*2+@12JY<,C3-VJEMKV;M' MYR]7Z_XSL_"7$ZP``!JO$6<$K^=<)L\)'L\BVSCFVP(<+`T^4VS5].VGM/=Z MF?`QXX.SYB=L.5L&@G--NTJ%4:2[&Q;%-GAVOPCJGZ08':]/KI4N<=L)!Z/T M7?E5\U)>;;DS+*.,P`P.QQDQQDU\`)0;^5++.S1EQ[T!\HOT8[[7V?;A8N8M M-N$YR1:R:VCQ68A%*LTQRDHS9=B9:NQ]H_/7JO`>+[9PM(UP``#5.,GSY3\Y MXJ[5R=7;,?L]>K[_`!B*E0#IMRNKZEOO-]Y=GQ4<:^8SY#(1L61A"1(M-1C) MC*!E'9L19W0V\?C(GAG5/TGP.UZI`-+&ML-K+5'Z-ORH^:@BV\X;,U2!`J35 M5R5X`!*MOYHR(RY]VB/D#^DW=J^_[>-L2!NPF6A=?\>WOA:A0```:MI\'YUUO$ZV6HDU)=OU=SCU:J`"S*ZWJ?0>;[?'90 M.-N3LO5/C&$C(T1*H4.0UA$OF6Q;D-BWCW5/T=UO:]MKI!&P^B9=3']&GY4? M-2$-]D.WD_"0`A-KUR4X`#2#;M3*3*%#UZ9:QLZB",UPL6S6K9VNHI-G]``)NP99R1:``DUM0K!H"@&+/\`.?"F^=<\BZ5K=*54 M($**-,5P/;?.>'S;B=_A),^3K;W!5W&D\D*(XTEKPSO'^K=$\J_6:E5L&-"9 M91['$S6\!%?2B\RR3;XU:]1<%>_53*DRTS/47D.*Y)R'O&H#;M;KS'O)*2B"DVM7)3@$5N<-EBW`"KEE\?OTW[CH?9/?0`%W89E MG)%J@`#9Q8I4<`#9G.\U\3;OT_RSJ<^6F6(P&*DHIA>'[%YFK^:(=FW%MRK9K29&`Q"-CZCZ;U#WGTGI#*LJ\4Y133HG5V]2J;?955^T_,>J?3'RSS/* M\EM37X6[JZVL":])&;9UERQY;O/.Y[^.)20M,K2?K_P#GWTU&DHT0I;6W M!;<@TG)AXH@TE+G<>D>"/O'S+4N&^UT$8)-:[L+EFL6@ZL_4)N(\P`,6S2"3 MGD=CP3'>\>2T=GGP]=>==<^K7D_D-KE-F?)+D@HBO5-W M^Y$G,LV%V-18L3&HPO5BZ=V7+7++((U#3Q38R++$UJ>]V M>H>O>A=<^I_C'D.>Y[90ED02"Y%@@2+E?2)FM9D(,%;5GS]P?IO'I]O;F5*Q ME#6IXY5_F.AR'<86 M/L'HW7_JOXKY+DNP\0X[U\9R3 ME`B(1E#&Q74I."QLQ*HYJ0M95^=*^;\,.ZODTC&+NV_+O9_5$^D^'U?N3TCKEN[ M*UN2E*M6I2NYE)"4E)2J3"LL?%)C5YRX?W+C6CZ.UMW)LJC!"F5P``(R78IX MMIW?/K+TR.2D1(MN+?KM^??G(*&6=?:WG$,JMTOB&8IX`#"+9.TVT=Y\G\>_ M37Q!R_LOJ<=G:2RC)]H\#]'^_P#R7',JEBE9A<\YJDD9C=BST89HDQY3SAX] M^D_`.H>O5K^JZ/L>.MMJ>R[_`%7_`**J;HJ9N;DOI5X5*UC90X+<&E@>,'@R MIQ2W''SOP_M?$-'TM&=EFR=F8J%0K@```LN*X:WS^GU6N(-+"VTM^NWY^>=1 M9YNE7RS-C:A&RQ]TYJN*6"U63(S))@QVZ?JMN[WY!\O_`+-_(&+/5M3E"PSO M)SZQ^@]67/)T91+EPS?19)?KF>#,\&XW-9OQGQKYA]*>8>G^NRUUVK MU:=C[E:MTL9Y3U<5T?3GL7CFU- M.59./*X"#0`=.7&<:_G[9Z8S(ZE#A"96VK)^NWY]]$I[F[#8CF;U40D\&U)+ M!*71,V#+S])@^96M)LW;O,OFA]K_`(X4+=1V]0M>>[[.]Z5^BN,EQLM1L8TG M'BY8/QAM429YLRR3)X_\T^@_*W0O89MSD;`\#W53L?;#A[G;NSEMRLIKA:E1 M9;7L'D1(*!(%;'Z\7;L?//%>W\/TO5$C4E52#FU1FVD5Q$PD2`07!J.KQ?CK M>[CC*,[D.5U<>N7(4,>O_6#X8YZTSAQEF6&8T=6(EC)M6T6'9&5C(9&XM6YY ME=%N'=O(?F%]G?D%7W=);*I\(V"_/U%]$53++,;!-#6*#IQ=.4>=S<*WXXDO M(7FGT3Y5Z%[(WC%J965*KHQ6A7OPX9Q7N'&M;U26-1BI21M59MQ:8T-3`A"R*&->:T.L^M]GQI)G$\ M-?\`(7@O`]0Y#%V%?N;X[_23*Z:O9DVR)]74FF74RV-N3(W*68@;BCE@.PSD MM-N_IOC?R]^P/R'HWZ:*Y,%N^/77T-$F6>1C8BG59,.(42,A>U2C"N>3O-/H MORKT+V5^WNVQ4NG/WU2^S?"V5IVKERW)VS+Y@*>)V$P5J&EK/ORR/)7I2;Q< M+LH;,>`\;[;R#5]310C!S!6TDVXXH"D8\>2!G3L%_7O6^EXRR&H5:7R&Z=\_ M5MS&2C#W'\T_I+F-%1V-M^:UO\?;Y2#CIM["MI&:R.N"^2U1P5N<7]5E.S>< M?,;Z=_)'&?\` ML,F[98+"8XY#WIKU?8KJ.]D>4MR/)K8N#X^Q\;T?31MHRG:0VH)MHE40C)03:0D59]UWUECY$59:AK<9\@>M_/H@/K' MZ+]F/R1UY.@EXR/US;"P6$=9TH(1UI-B&5QKVEUOY$1^D>R0[&S=4#!7(>X=.K[`].W]C MW;,EMIA-]!5>SVH,K< M?M55E)&\W5P`3,B>,)^1G6OGMTQ$?67T;[:``!`(B0`*P MHT`,5QW7/CKS7Y1,V*G#YEM>?JCWRK/\G-B-ATZ\4S,O5*,8U$"!`>9NC>Z> M1?/_`'N+#DKC614-[VC57]ON)W^>96,,S]8?1?N`$`81$@#1@\B+9`1@8'C.M?'OG_P`HYKJG MH@C->-V/7OT#C:Y[CYU\9(,)&S(S"%KM5AP#I/LOBGS7Z4CLV+!(*>P:EX#P*UBEPD8Z)\\<1[7RJ[V*5K"BRTEV[X=K0Y)V MSY]Q/.=+GXSDLAER3:HL5Q%K[@PQ[#IFGQVWU;&K4T^;]#HJ80W%](I^H$F\ M(``>*/(P`40C(RE3Q/QOY#\DUV*V)9A*ZFQ]#-/Z&3NW6IN*W*7+\?6Y*O1] M[NV/MWW6JVSQ]*VJ/.K)7]9Y/UGT7R'Y]]&4+ZF*9UA;Q'JAI_<2-#8;\[^& M,&&$CD)DN(9ANF=MS*.)!I'FK:4833>>.)]?Y?G[,DX$5V6DS/+!O MF$SA=>Y]V%9BC%N-U97$K6K-F619<:V2SE+EG[OZ'[2D[@5BP`HT<`T:2`(- M*.6/QIN_(2':UVPDP1Z^S]0_`?N/9-+LF/TJTY7=H]EY+Y;]C_1'!8;EG&8( MK7#D(IMGV^&KN2EX_D:MN\LZJ+7W<)[;[#\H_4KG/EN]MY9+,_)*VY4H5>,0 MTQ?YF6CQQ,.*>G%/4CS3QGK'*LO:9AL8O:4<68OFN#XWWCY:D+`XA(2,C'DQ M7158%@KSM:UO_]H`"`$!``$%`O\`A[?5_P`/;ZO^'M]7]!CM+F56N09A=NL^ MV&I[M6W97/I%#V/G4?9&U0[*9:CV4RY2=D;53=C[A779;/XU>=L=3VBNR]I`K#06E,O6H=6:-T)::+[S]O>X6?: MZ_F%+I;/\U[J?;/:#)>Y7\K.[BROO[WZRO7O\CNZO=WM?GO9?N)W?UKH3*_Y MF=Q;NZUOWCM^W.@\F_EMV;S193W+[8:N5_H#2F8+-^RUM,LZ[8ZARE36%U#\ MO MM=E'<[1W\()H>S,JS73.9Y3.06GXIOJ^*R?)YLWN-,]G[ M:V;JC5FA^U.G]5?S+ENLI[.:UMN\O:KOOV=R'0/OLX[:Z;@[=R9U_'[L MAW!;W)[<]HKRT[6?R;_FCFFG;S1N<:3SC7O\5?X]?R(TEVZTCK'5\7?GO_\` MS'[DY?FM[VL;I+OEV`_C%WCMM`9G_,77VGOM+0_\7NTVJ>W/;CNAHWN(/YG: MBES?76D?Y;=M+;2O\11=TT68Y_E_\`%;LAVK_D1IS/.Z_\<]&=U:397E6393&[LQVK.9]P/XP=O^X.=YM_"O-[> M/MIVVUQV3[2:#SW6MI_(G^7FC/[@]ZNPNM>[F;=H^QFGNTEBRYT7HFSS+N_D-HLP[VYF]7G=3 M5%TKC6.=W*?G5Z]?5+I?5+I,SN]8K?66>6JL^ZNJ+99?WMS%JRWN[D%VK'.= M/9Z>\/9S*.\.4Z*[0YGHOL__`!E[FZ:[6N[S7FC].=W83*Z')-5Y-J"Y[QZ? MM;"_^);ZOBNTNJ[7)[N[R;)\TN.K;7!U/_#70>R>P&>= MT=09JIVFA=0.G@9+9Y/DV3/[KZJM<[S M#XEOJ^*BFD@?;:NSFU@[<:R^D9UJ;O''`LWU5FF<3N>Z0[;B[O(UB=M8]\9R; M5F:Y--IGO%!WIL;62`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`J!4"H%0*@5`J!4 M"H%0*@5`J!4"H%0*@5`J!4"H%0*@5`J!4"H%0*@5`J!4"H%0*@5`J!4"H%0* M@5`J!4"H%0*@5`J!4"H%0*@5`J!4"H%0*@5`J!4"H%0*@5`J!4"H%0*@5`J! M4"H%^[L2_=V)#NW$5^[<2/=R(+]W8E^[L2_=V)?N[$OW;B7[MQ(]W(@OW;B7 M[MQ(]W(POW?C7[OQ(=W(BCW.%?O)"OWDAI^\4*_>*)?O%$CWDB"_>*) M'O'$$.\<1'[QQ+]XXE^\42_>*)?O%$OWBB64]SF9I,-6M(^[FU^[6K[O9B^[ MVK[M:ONUJ^[6K[M:ONUJ^[6K[M:ONUJ=JYK2=7-"EUFR(:G_`)`VNF[O_P"H M[9/_`).6;6M_E#;.4G\FK9C)?Y-6<8_^H(`A_**U*C_D[:O?)_)NPC+OY+VC M4_\`DG:QND_DME\;9_Y.6L&7_P#UA:K_`.L+5?\`UC:K_P"L+5?_`%A:K_ZQ MM5_]8VJ_^L;5?_6%JO\`ZNM5_P#5UJM)_P`BK;5.8?N3&OW)CVU0KL+53AL' M+=)*J=DA.!.%4QM-Q^T;^0-QYE4[..&B_'9PH*[6\E(N*FCQ-[B7,TV<\URV M'CL.VJH-G)7V/Z1X'!8D%VJX:J0Y[<0V5"+A2JI5?AN.W">`%$>*'#93<#:* MM&NJYH%%^(;QHQ48LE>(KSCA\U&XU&2L56MY(&NP\MQWIE>UEOKV]9?:@WB@ M=@VYD0T)5X-Y-'!M:)O)'D@*K#L/*[.*QS6&>.Y(H=P[E=N8L_ZS M>`JJ*FWMX0W5K>"J<6%RH0B35.,:B]>$JHQ?C("GEM&A],.TCSJ$=T`[D>GI,TTX[1^<1NCTKF;S]J9N''25Z%]K9CC=I; M,VK[;S9?;N;A?;&;DG3F:EWVUFXCT;D%P_/1S'/8&50:`&"HPK\-F+@WF158 M4>=,0PK"L(1;PP.I4U:>/%'@YH+BZ-[STI`!1BXO=T7KI(1\,"BLW2EF37KC MEEC>&[+I#(/3BX!OY0;PPKFQNQU*#@[8>`"L>IW!VINY7A1.:`W+VAXC8T#IL738BQM<#%@8L+50+"TK*H6/O/96>)D4<:<3 M61K7/+6AW%/Y!QP!Q6(K$:-V$>5O$[25/A*U)*'YR][@VI7-#"$.3F@!W`C@ MN2KMTG5N7N&(])$.8J!RPDH&B#VK$U.Y,)"!?U&>0CT#F.*:$[F.>\4SD,6* M2M6\MV0U;E[F]0--*';0INYE#Z9AL/%$<`:MY*3TCY3#(&LDD>2]7-7HIK:DT"KL/'9^!0V95I MN\_EE8!E)PH&J(JL*K584-N4_P"QJB*H"B(<3YL.$A%,^6T5#@`[IT34.;O* M2:NIP')W*E3?T;%G/2^IO"#:JM$>.RNVJ`V,]=C7H+0K`X[M-M$`N"9@ZV`- M&%JI&A3%2FW`$!384'FK0291YFT:AQW7^FPBPJ3B:4VTW0K125P/+PK*-C M6>#DK@,P"WB!P%[B8W%5.>4XU7JC'`X:M-6Q7'R,)$CWDR"G3Y)CU)P:'+7<@AT_ MF+S)?+IJCEQV8MPH(`DQN_QP5I-P?DN]5!$JJB/`#%+)Z2*;*!,7!<-M"B:( MNJF._/D*8ARW#0JSIUSSV<=F$N0%`Q86E6@9[T5$G)BO35T48+@S@6@!OR17 M%12>A^%T88ULE,2BY-PXHPR,W'I8:N[@VQNM.S"DU:(DUJ5B54.*7FJ(Y7$@M/2+GX`FT";(T+J!P MKM)H;1S^MM;P3>>R/DLM9COXVU3?2`LSQ03Q3.!+_(57R`U%%(S"#YDT"K>0 M#$Q[7(N+II^`]#M;OKD#R724HJ!8`BT(M:FL#41582CP30J-5DT.N[DASUH< MDV>VBZ;'*@&ZSRC^ZKEC-?,4>HO,O.L!0:0J8E0)KJEQ%:ISPGO(GEC&D!HPAG!L?D>&L%*)X MQ!K>!!:R M+0_"SVU5=T;/Q#P3A:B&UZC%C8B]BZT2ZT80F>NH]PQE/)"JY,#@'4*;1<]C M>1*/!6!/6X+FI*H+AM9LM7%MS;PB/;FD9EM0!FN;J%C]?9NX??>>5 M=KJ^D46NY8U;:R;<$:WL1);:WR:2-^NT& M,.1<`[\'&15BWDRZ5M'K1W3=E>V@WV^D@N(2A,U MRJL:?)PZB):JU6,A!R/%$IH*S5KS;;I\,K.0>A`,:TG9W)MA92PQ]*5`2+"] M>=68>Z4<]KN2J-US0-F$JB/!:RR[-,P?)IC44T\FF,]B6B'8K3DCLILX[*@J MA5';"'%.D9CC+0L;:]9BQ1D_EIO3:BV%R$$-?:P4#**DRH\'I.4DV/O%IJU?:Y_N4V7@):."!W`*[7"B_&IV`<#RV6XV:PDDB MR#1X:,MP-SV$*]FRKL@ZS M6:7+6_;9!DR2YB#X[6UB=FN3=&]S7*8XX\^TB99-5Z/1U=IK%)K'3#B[6V0. M:-89)B9J339)SC*#+%>03".SO)V9KEMPR#D?@,PF?$W+[NX.;[Q;C7MHETFA M>U:O;LHZT!'M&A=)@7287=`+H!&VC3;=A1MV`]`5%LNB$V@V:JM_<9#HXR"W MF?@;%)(GN=B]N,;!0`JJQ+J41=5-Y<2[;&/S'##L_%#BN2>PX>E&]NJ+"VRS M/.FU8&A80L(6`(`)H<]:7P_1]9]&/*./P.H,>#)&"3-@V@W1L(5%0(#90(-I MO<518$!LO+>&Z@L+>PL;Z049TZ*22*)[+^S>GW<#%'/&]SIH6#ZAESCU;5`Q M+&P(+"%A"*AXS4JCP5-E:('A([R.`P=PXRS6.]:#%:HO`C[F1R1ZP0WV\H4 M.>S(HL4CMGF03%7;BH8?E[SN([M`#4F]9NI=99PR[44SK;*93BEV$T\/"Y'@ MJK/Y6EFE0#GD?%B&]S5-E/-LHN6P\MQW$;')N%P+!37U!=XB@W;E+L*HJ+`J M43$R[BE1NF!&]@:?=Q*WXP;QX+ND]MSGN];?/L6X;'/V=3)W@]7B-AXKALXH MK"L*ILILH=N%BMF,;8N',7N):^YFI%>2JSI[3=\ZDQ%=PY[N74V]9"MY:\+>_I)E\O&397Q[. MANK/A:[@1V-VG8%QW7_K@2F*>*`IM@:77&62Q2V>T\MP;">#1 MP:CRV56(*NYA&P^M.X#7C:9@J[*K)Q0&)I*JL3D#4[:`K+F=.R0YLY*BHN*[ MCL,>J-[(/]RI!6WG-9_@87%LF7QX+3P?PV5542J[1O4XTV=PH&,*;S5*K)^, M=*K"J+@N&(.KMC;C?E$AER[8WGLP%<6KNE;O;J#>R`_]T'!\4H=[5P(=\"SB M]E&L\&I^"[A!IB5!MRUNG<[OI.QF1XG M]C6(IIKN:":/N8!SER-=A` M*H%A%"UI``:#P3<+5KECQJDE1>O/F8,[^!M8^K<1,#&?$%$*E5W!C-=C42:Y M6S#;#"$<-72X3UVU`;*5^":#1HVZ%DZ6IH:TW:I\T;`)62)QC:C=8QK40S9L M*($-;F3^IF/P-CPO;>3J1;U"J%`;"J'X#7\E6`ELB:L0"L68;8>54)-.+WMH M'"J)HCQW='/P:A@X;U)4*4=Q$DHC:R1A=JOK,UZUM6W+S':W.:1 MCPJ[*^#6BKNE:^G9/]?P.GP/K=,/A?B>7B_B=FOC7,%&: M%WS;%ADNF<$35-PU\@6,%!S:K\*'=T:]L>HX0=LM<+FLD!J6U=$/<@KW#0G3 ME2=659U-'^Y;>(SC%]+//X'(@XYT#PWR=I\4[7^G6TF+.E;\S4R9=7W(<[HB MYC8?>PKWL*]W$$V:-SJC94+$-A;58`M.C_NHOEHR`/Q*4PM4(\W=+T6#G7P"X#=K15!VUX[*A4< M5AJBP!5"Y+68`U`HO*P1M%ME@'5C'D("PA=.-.@B-S&NN%U M>LNLV-O59BU3/;9CW'6J)A;Y)\%$]\4ESW9U8TP]XM3,8_O!J=-[Q:D4'>#/ M(E^]6:88N]&>!'O3S@ M"%O%&T1-)=8V3CT;?!'=7$8-]=.)S7,`1G6KK(V_9A^&KHY)-/?!<:W?ZG9Y=E5P5=M5^$$G4M1P5=R@3N?"B: M-HY[."-:N/!CN.71N=;F"-"*)H8R)QZ;`G4J,54SP**FT"J/#8T$'&7L7;]K M?7*N_2NRJK7:2@:(DU3.=G&(K+%0CB MA`YSI(^F@*IG`EO"`-,="#X%%A*HO4$SU-J%P!T#1L8=1:JDQ:?<:E<-M%Q7 M%'ALJN.WCM-"HFMK*`'^$TT.3"F6KB$#7:3384UR'%%R;S)HL6[U&0K(.54XQO7E3>8YIE,)JX[>-=WCL-=CO3#(V1E6N6CL[L6TIH".QO-V]>'#:Z&#NIY5(<+1&%?CN@U,C M2YFG6R12AH"(;5^`&K2B M3L+V($%/?A!GAI[F&K;F,FDF&&3W#OJMNU,S&V<7YC"5?/LY)6/+=C7R=/J/ MQOJ70RW37;#XIYY]=FUR-A'M/$*&['\G)?\`6[+:1D4F8Z+O&WPT7G;P_1^> MAYTAG;1%I/.723Z?S:&7Z7F*^DYH4A=":ICF"J]J$LN'2-NZ3,B> M`?38T(N(3D>"YHRX%UGN0#R9`6K%(4'%JDP!/EBZT9>Y'BFQ<,+D9*H.*ZCT.L3YUYD.*" MD#G`QFF!9R91>UKL"XI]$.#O%/+9KX5T>0!!NCQ8'#V^5./L-_.G%EE+LH3N M!%-?@.6W;;>^Q-4G%<:-C>Y="4+HE=(KI.3&R`MC%&M;LPH`!.:'`C@X`'.) M7RW_`.&QG(U":17;7=`JJ;AXHL#BM;M=)I$G\G=&RF_5$[;<%L&3F/VV_G#: MY=*[CY<3,(+@W#N`D*`O==`M56JM$QZZRQ-1+2ORU^57\A8("NG$O*GNC75: MQN,ISWUSKAF"I4CEB52Y-]>PH\]QO@:HBZNG/_!NCQ8N-MD[_+OYM_KV_FO> MT!P)0#:?CN6S:S`51YA"2BQKJ<.LU&1I6((N*Z[F+K$HR2!=/#9F4?6R[CT-T>)_;;_*R8?F[]^P/LWM(3@ZKXWA@#B@B= MI67A_N:.1!)+7*A&VJX*H6(!8PBV,E5#@&A=&)R;%&TYX"+LX,+B0&^D+;<8\H)-UND4V7QI:W!P7$F+'*^3HP M]'$2F@%V$TV6#B)F.`=B*Q%$UV8^%2JE5*Q%"0A=5VZ.>??JJ>1QHF>9O)8B M4WU':6`G<;M=N\SJ%@BS/X'DK3TY,X^_W?4L(5ZSJ6LAQ/ZODH@B24!1--21 M182K3$)FH\]TG8?`U!^IQ<'&I@1];4WU-SBR+9-0Y=%(=4V-8L^L)6MU+8!? M=V6@SZNM1$S7%PV6/6,#E]U6-/O*P:OO/*"&ZPR4AFI,G>/KN4DWFJLCL5<= MQLDBRW.+UF9YA\">5GREGD;-]3S!#-\R8.V;8]2YRW16EPG:,TP1'HG3.!NA M],!LNAM+SD]I]!RR?M!H*4_LQH821]J="Q,_:'0*/:+0+E%VET+$Z;M#H>5. M['Z3+CV)L;::G\;4%.L/0?4PD&M#$.']_%H/G6`)P M1HAAQ>580L+5A"P@K`L`6!H7D1B:]#(9V'DB:(;'\1P3J@=WL,V2%E20`L)6&FY551W= M1`+\#S!"#@4$WU;E`4X`K`4:@U0"'!8UB525)1I;RA)#\R)>[P!LIX%O\R45 ME7!=FR1J0MQ.PN5#7BIF"6.,/*:*(K\=CN*K3;)P,CCA[G07%UD_TZ\7L+MR M?8WC%[.8HVDP7M)E[>9R-M.3Y>G!><8-RFX/"@^;-\W@BNSP_P#Z;'1Q)H*EI1XH(BB<:`M%,(&PM:Y=&%/M;8KVUN![&TXF66ECE6"@D;5!JI1!-]6^[DY^%`U6(+$%B"?S'%,]+K8W46:0>T1VVEJ^\ MF.F)4S3(0TL"OM=B^UVU^UIR?M2Z*^U;M#2TU7Z7OPCIR\:?M>]*S&Q.73J' MYL_S2T[.S1E1CCN`U&RM4\%R;RVN]0-!&>%FZLG<2TA@LB..%85I[ MAF#`ZN'S,-$UM5A*;SQM0/%[7.9&V984:8,[,OOUF=W+8P,SF["^OD!N>N7: M34MO9ZQ=B3/,J*BJL8Q%WF?R_!JY$MJ4`""**;TVCO\`&UH3[]5PD>8537:Y-"B*LRV$:BU;:YY+) M+E\KQ[+"XV&')[F-E^6A8:K#A6)P74D0!<@QH56JJ/473#Y6!PP@)Y*/('9B.R,452I?3;"EOK<-%Y4KS( M$C8>"<2G=O5\;FEA19@`67P&>Y;Y6K"JM51LQM"ZT;5[N$KKAQKL[F0]*\3>>PF@[#Q M1/U^]]'0\Z*@1!H[TCDXU/X#UAP))0V$DFXJ64PK6@/NJ;0#5W)_)W+;B"Q! M8@JA:\\VFJA.*;R>X)KZ)LGFQ``HU"J<(:A4O+:KI"K>6'81584>6+SPBCH@ M2VY#!.@@LD_V']SN"H'#I4<&T5*KHU738@&KR4X;.Z%?<#@F\]O\>V5US(?- M``P%C7*F%/(>P)W)!%U=G% M?W&,XL]RJ7.LLE[:ZWB9+H#6<3W=O]8PP?3+Q"RP%EM5]51%KT%)P:T%B.P# M=/*?@^#E:-+Q-PG05`LNFZ%W7S252FK\3Q#CQ7X#G^(Y*M!EY_[#$5 M4US0X?]R+:K"-E0B1L[F!F--YC8%_'EY;K%YH6&2C7."$@6.-56+CQQXRF M2J25C5;R,>_^_J43)*NFY?AJ\NZ^YP"_%Z=5?V-YN"'*AV94"8_9W$-M=QF*[(KL:K/";QW!S4T4!YCF_GL=N=S6Q-V- MYBM7T&S^/O#5;'-+6.HFT(;A6&-8:HMX\ST8R``5[>,EN%J/$F)CVBUB!F9@ M(/'5[OSMK4178_9^`%-I0%%EAIF>S/\`_1E$43?4N*PC914%=G/802AP3N*I MMS8EN6%SGDG8%$6MG<]LKPHQA:>;#YG&KMCMSN%,;5U*JZ><+Q2;5CP9?PV- MV!XK+?\`9(U6H7.&1%.Y-]6[78%4*H3N2X[F9L#['D.*`3EQ5C(V6U35 M5-!KM=N=R\?L_P`&\V[>Q4M-:L8VL3<`5`C150PE%4%*-4\;<,;36BZ2`XW; M,2_\NKJ=7BFUHA5>;9*Q!>I83L)KL'+%7;G,?6RO\&\D354\D4(MV)J//$F56+:1582L)7<:+_I.: M`ILHL-5V7N(;'75"T,>@X!=9B]2HJ!?B@*DM!0&VJF'$_.U;\]WJV4JUJEE; M$R6^=1SYL+9G-7NY`O?3M1O9:.OY+D66K,ZLHX=?7K1G.JIG M9!=-+Y3'-+FF31F3-\H:&9QESI/N')ZC4F3%1YQE\HUA+!G.4R91F< M*%E>)MM=E>VNT8)F.[6:9S;--1.A96-B`1C:FBBIL.T<`@*HIL?&0>8=(+IM73HNG5'IM5&+R!8FA8@L033QVCGO% M"NW@O*GTP2TZG'8.3O3DV/Z62^D?5#KHR4C,(;FIE=FM):O+Z&M"9"F&9.-S MAK&7RB1KN.VIP]C@S[C>#CCQKC38-CZD,$@"XJLB\Z"=BH?74];6(CZIK44H M:)W+^V__`$H7%#%3S)U=AK0+RIQ>G8]G!<%&O__:``@!`@`!!0+_`/!%T\+% M[MKRV'-)4W*LY>AD.8%#3LR^W"OMPHZ=F1R',`G95G+$Z+-(E[QC2V>)_P#P M!]U"Q16^:7:CTZ]ZAR;+8$UC6#PG,8\39+ELZDT[(Q2P9G:*.ZAD_K1(:!.^ M9\.0W,ZMLMLK/X.ZRRRNU/D5W;KKNB>""/ZK+*\/MM/ND,,$-NSX::WAN&7. M021*&9SW?U2]PB.QFDGM?"J`NI&NI&J@^'F,\MO9V6#I?U3)K=MU?W.96MI- MNSWUG:J34ELGYUFDB=<9M*C#,]>RB7L;=>QMU[*)"*=B;R9M;MM,R_JF6W;\SQMB?ND`AK&L']>DDC@9[FVN8<3R@ M9!&06K#+AJW`<%MX9+ZZ9>V]L\4?'_`,!9$7F_LYGF2."%>YPL.=3OD9>V,SX8O=12 MP&"W!.&-H(+3IQ M6=DQ1"*%@DHFW(#7&VQ>[+!.(KI/9;.>(+1DXGD:W$Y1R&)\CS([_P#PD6UH M8W0,]M[.+KS1P,;;PLE:.)EL.G=74`MYK>+KS31P,4UCTK@V3!>1PQ/;[:WC M4=HV6*.WMY)6P6\DTEM$(;>#KN%O#,_VT$C76M+.YM!;Q&RAZK;0NM(;/K6P MMX%):MBC_JC7Q^R%QT[(SPFZN7->VV8YD+&PLN3>LP3F"9\&#JOFC&=KXQ<37#;B&TEC88G0VDS76]L&7%NQTD[9[:ZN MW.>+R)DS96007LT,ROI6R_UFII_^($N`V\[8RI.ET;NG2R^%CC;Q1Q2NA;%) M-%$VWPL]]9VS9+<"EC;C_(O6QMBOL#%=>W8,,;;FVC88K9[,+W8G?USDI+RX ME:^ZGD8)I&J6YFF'5?TS=SN(N)@NO*6^[N.G[B6HO)VKJOZIN)2'WEQ()97S M.%W' MG[6NRX.&XCE-N^WMEA*`(/@CC??Z MT&VA1::T*HJT5514*H0,07,.8[X!OJRW],ARWCRV-X M.S"^-I?.U!8+Z_8KZ_9)NH+1?<-LOKULOKMJ5];M%]9MD;02VT ML+U1B&"O39A\BD<&G'\` MWU9;^F3>6\>6P<]5?JO[MC-G4D74D74D6&5?F,74>A,\D8-]Q((<:^(2J!:O MAC988G+&X+JR+K2(RR%8G+&]%[TPDJ/C)Z54KG\"UHKEX'M$WEL+C4.-=AY; M&<7ZFL93G.K5VZ"0L9W,96,K&=A M%6ZPG>;+:2Y<2J;EN/S"X_!CYUK^EV7@LYNWGK5GZ4?P4'ZB'Y*;R=R3>6QW/ M:_TV?K8ZCUN5[6Y3P^ M-U7%4D5OB$AY_!6K'/N(VN;&F\B*K`%R1Y8BJ8EA"PA$43O39UQQLQ*_'YWP M+N="J%4*IN,YN*J%4*H51MS>8=/R(85Y%Y5Y5Y5A:5@8NE;*\A8'Q\6_!64N M&X;)BC0Y550JH\DWEL=S/*S:,3>#[_Y_Q1;5=/<">LTAC?"0&GP+KDWX.']1 M#\GPYODVOI"S'U?`EU%C*QE8RL96,K$54[&K@L`6!8-E*C/&D6^!$4\"Y;5H M;M/)KJ^&6RE,@N'(9?.5]-NDRTNH[ID\;5U6+JL758NJQ=5BZK%U6+JL758N MJQ=1BD44HLQ]7P(;58%@6!80L`08%@V$T6,[OX9[^D3N6_<>@G$DXFR.H50JA5"J%4*H50JA5"@"J%1HK,?5XF*NZ'46- M8T37Q'>G/?TM&*C4]-Y;1SHQ34I)Z_%9Z\D^;X0WXT/G7WZCQ`:+&NH@^I1% M5A6%-"HJ+"L`\!WIU-)T+/W[BFYDZ,NS4E-S+A]27U)'-2"7+BO(FT62BDIY^%555=A-$SS-AXB,XI;X_Y M'CCGN.=18RL:#UC\"4T9JY_^`WTNY+'18UC7/:740?OL>H_,V0T7NPO>AJ]^ MO?0+WT=,GO\`\RM?'?RA^7;^F+YE_P#J/$?YS@*`HJ8E[9>V7ME[9&+"L!6! M8%@6`H,6!8$&TVO%6:K9_B?`QISV1LO,PM8FC.K:1,NK*1=:R76@1GMUIA\- MSF@%!XU!2^S++LJM?OC1\*MMP84[FL3U4H<2#5V(H8BL M2JJJJ#EB"JU.IMK1NL7"&T//X",+4,,7:F>Y MES;GX]0%W4=%]M8WE:;`DSV^)<_;A6%85A1%-H-%B7!4@0`I)1K(I+4HR6S4 M9[<">[MXV-S*T;)=YQ9PJPOFWC!SW.DY!A;M=Z=O)D^X[P"0JE5:K-K)+IK<,9 MXJB\ZJ]>9"&,)S2BZ0)CYFCS.-%B>JN7%-BAC%YA=)8ODC1Y_`R-,D,GEDW" MQKDUH"ZCL3V$+"4X5%?+Q1:2AP&%B`BI2--"#2@ZBZDB<[$:;+&Z?87FG;N_ MS')ZJKE5ZZS%U6+J1)KFN0DCKCB6)BQ-6/H_!!7'SM[ M_P`TWJ^`BPXLGP6V5^Z8K[-I+4_<-VHL[NV)^H9B/N"99-F(N[QV59?C^E98 MOH=@4_(LOI]"RQ#GP5`LO(;>M.)$UWOP?OR>FX^9;>L=>WF7MYET948I0L,BPR+!(NF M]8)%AD6&189%21=.51DQR9\6_5/!',N%-M-T\F\$37;9<;E[@&\5FGJW-+M+ MLU+@YZQA.=78^":-=.9="4HV\U+!DC;7>?X$OHG^?;_J+/%[9E4^.JP1A88E MAB71B*=!%3HQ+HQ+H0E>RM5[:!JZ,2Z,2Z$2]O$O;1+,+>!D6H'B3-O%'AY% M%ULU=Q8LT]6YI3_;CU[E(W'IP+IQIT41#O*&V MFS,>;]S1[(Y+\X1O8GA8G$GT/)3.6Z4_??\`IWJT`=+;\(/@9P#'=.+[CXC1 M[\.?N-=E^!0`$[=&XFW4=:;C&G$11$>8D8'<4P4"#@5RV4*=P3AOO:?;OX*T M(9+;FL'P,Y\ESY9?B-.2B#/FG9F#VM330[=&-Q25:&U&SDJA1^N38>(P+IKI M54S>DA=-7NHU[I&XJNLNLNLNLNLNLNLC-6W=YD#A?9_I/@96XA>Q_F?$95_L M&;,T]6YH>/\`QW1^;IKIIT:Z:;4%X\C>6VI"O@/;N`5!LJ0L16(K$5B*Q%-- M=@^3QJ,1GL/T/P.8ROAL[Q[NO\1E[BV^B^4LP8UR;SVZ088\M#W$XB@>#CLX M)Y\C>2J-MZ:VSO!9LPNZ#*![&@SV0I9_`YN0,OO/U/Q&7M+KZ+Y*S!S6AO/; MI>.F3_BJE-/%-YR;#R0V77R_Q\!FS_\`7*B]=K^F^!U"_IY0]_6E^(RG_91? M+6:^K,T'R/@=7_P#JI:XJAVX@J@["0WPZC:.*].PFBMKD MVEQE,QFRX$4S#YFQOJM`TW5F&MC(:3A"P+IK!M=S.P;+KY8Y[K]UOR#RL?U$ M7RO@=5Q,ETVR"(ODZD9FEX!>FPPRE MG2;-IN\MKRPC^9??.V?AD-O[G-P*!FSJ+J+J(2*6Z#$+MKA[F-=>->XC7N6* M>X86N#0=C158!LPARZ;%BHNH$TL*.)D/X97&U^8-&$?`YG!'WV76[I-`6XBAT#98/L;)D-%Y0!]F90OLW*$_1.4.=]CY05'HO*(D=)9 M45]H925'I7*8A]KY53*VC/DR@@9G\%>U]M: M#_%ZB>XE?F(1N1B"\KD&(QPTP,3,+RZ`!V9"87CBVN)M-P`*@\&A5"GM_*T; M"NLI)2X5.[FO+>?SW7[/_+LU'Z/_`!Y9'6X:*-^!N?D6_I\(>K/!_P!D?'9M M?\O2?RT=UO$YC(7'&4';2L91-=W&4378UH,K/-$M28E@K:R--MU(UJ"VEE>)#-H2/JT(7UF%?684,XMW&7,K%1YK; MT^J0E>YJIWG71D"+%C,:O+N`O]Q"A/$3C:G$5!H9)BHWXA4)A!3FN5)54)OF6`K& MT-L!(VV_O^!M?3?_`#=CFU,#/R?"_'5D6'.4[ENCFG\QSW_QT?\`IJ-7).NK MIB&92N4O(OKP(9C>M/UG,DK[KSI/U7GB^ZL_669]=O%I(X#I\<:#J^(5C6-!_&U]-_P#- MV0MQO@'Y?A4)6LV4N:MH9&'8&U&!4"PE87+S)U:CGO84_P`IR3/+?+(Y-2V; M1'JB%[CJRVC3M6O)@U:YCW:NAT].QG/PSRV#G:^B_\` MF[+;YT'I\(5IJ^"ZNRE5@V/Y(\F\)#Q811'EX3=KD_C8SGX9 MY)G)6WHOOF[]RH^2QH.J=QS>+VT!]#N?AMVGT_W[3SV#@<:!KNU6)8]T&B<* MK3(IGT1JS8#18_#*P("FRV]%]\W?N6I@HU448H=V;BQW!AX^(#18MA]/]^W` MBVFXWENN\#)I.GG5KQ@W!R\6V]%]\W?N4WT[(^>[+Z'_`"_'/I_OW).6UJ_# MN'?E1&L*;S&Z5Q3<(>5@:K,75O3Q.]<-/1M@1$A&=ZBN1^2Z>?J&>1QZT@7NKE-O+@`7 MTZ^H3+ZA,AF,X/U>Y1S6Z*^JW2^KW*&<7*^LW*9GEVU.SZ5[8)O=MWF\T?5_ M;N/Y[&[N+RY/)U,JW!R\6RX.O37,?_+O7'R8/E(H,NMIE]+MZOR3+U?V%O;IL?'_QT\N$H MP,*%N%[8KH.724>G>QE8RF MR4)>>JZ9Y372TQ2(ABXM6*1=218GE5>L4ZK(1#+<1')\PFEO!$8K?<'+:>"Q MA<_`M326'%@\Z<7E9\)61LZV/`>HUOFH$Z.)K68<-7JKUQ*H%0+DJN57KS%8 M4XO8LZH]BX+@L*)#5B:N"X+@J%4*P[&CS92\>(SEX6EHNKFUT*#<'+:[DF\M M^#Y\/R]FI/T;/F(;)_DV_P`GPIO1F37.LO;72Z$JZ+PL#T00ASV_GK!*Y=%^ MQOIRGYGAU*!-=YG%.`HXD+2OES6]].QJH%B(6)RQ+$JERP/5`C0)TE$QV)IY M>9-K16Y/7M_E;-0@&S!./:>(`#1N$*.>\Q.Y/6EA_P!A'BCFANL3N3UDTIC.2W,L[]@YY2R(WKJ!W@8*KIJ. M-9D,-U6B;Q?!FAA9]:&WU3^KQ6)_A#GA"PA81O\DWB M'@+(HQ*^PLI[=8;A5D3725RX_P"7N^5';55*!(6=MI>4*`HF[7(^8,3MKN"9 MQ\)OJG]7BUHCQ\#"5@<@TUW#LQ!`UV!P*9R>M,/$=RUYP8BL"PT5H<%V.6T\ MJ.0Y+"5RVYTVESY:4*&UR+VA,3MK@F?]NXY/3$[Q'&@ZBC-3/ZO%Q4-R M_HM$O"29P4L@B:)HR.JU=9-8VKJ!--0[EB*Q%8BJ(&BQ'8"0L13%$`1(M-1X MKF$8FX1L=Z8.-QX&(KGMSWF/3N/3T*!`@JC=^JKL*Q%QG:(T/*).)\7"";YF M-@:*$"EZ#+;QUPGRC&Y53Q(5&<+7.:1A)6%P554+GMJJA,QQ\EOPF'+P\\XN'IW'"=D>;8?HF;)N29M3Z%F[E'IG.5]L9O0Z7S; M%]K9RI-+YS7[9SD+Z)FZ;IW-I5]KYLF9#F:CT]FC@_3>:K+GX!RN/1N5*(JL(0<0B]Q5%5RX[,#5A"PH1-"Y(MJKL->V(8=S\;5Q=;>' MGV)KJ87[DS:LP>:""YG="P!8`L`\!RN/1\'/Q8WGMQ!6)#K/P\[:#&^G4W'^ED?&W:]HXM.-80J4 MVD!ZZ*DAJ(X\#44T''<\9''BYPIN4*`-0QQ70F1BD"H50JAW7D*=P+=E#\"_ MU,]&V19-^B;Z?"SSY`^9N.\!_*/U;K14OC_,>*+^[<9R:*NACPK\'<^G;IUM M%(O9-7LFKV35[)B]DU.R]KU],:CD;BOHE%]&@^!,8)8=I4PHVUUL^Q,>NLM+ M&Z^M#*_7&7M4.LLNE'W7EJ&JLL0U1EA/W'EB&H,K*&?Y57ZYE*S3-,OGABOK M1Y]S$O94X[@<0H>,E:+$52JJJ MK$=RB'!557JI6)OP3-I4_HN:^Y)0PXCUL-GU%Y5P7E7Y&P8Z^=.KA&!?FK\U M?FK\U674P^9>9"N[)UE!U.IO2+\#SW/Q@]?B>5.I1?_:``@!`P`!!0+_`(>> M7_#SR_H]"J'^CGE_0/PS#5NFY]E!R_NGGEFLGU]I?.OCCR^+ MN+BWM(9E-EO:_4%^LK[;Z3RQ0Q16 M[$RYMY)\ISEF8S,EBEV$AHS?4L.2W6D=1-S^TM\]RNZS13P0W,>:=M=*9DLR M[8ZCR]7$ESE\S7M>%4`LBAA6@U-A$;2SM+"';G.?P9%=3:DN?J.AM*>RR6YRVXB=)G7LK&TL_J4U MQI[*+^#,-.9UHS,]$C/8%8S6T7YO;11101;E_9RWK-6S:L.9Z?T'#8V[XC<1N%G//F MN6QW>=10WOTJ>)TSX?9F3,=+:;NAHS+K/+LLW9X(+J'+LML:@,-LP2MLI;V.5EP>MEXGZ=Q[M@M,L.T]DV89C?9O=Z8SJXR',LOS/*LPL"9/5YN_)LPTOJFRU18\_Z`>7]`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`//+X^P==W]]F&709I-F-EE.89A/G9FN1I/4N>W%CG4KW/U9G3_\`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`:JBHN"?RL^>[1`51:6[] M%,TJ,$-WSLKMUN1C//>KN:2?ASJ$%L:K1=15KXAV_A!SR_\`0;HY;HVOY6?/ M<&QBE\"7DWT;YW=;>L\_"TK_`+C;A"Y;U=IWC7%;B-MU:8?9"N[4JI52ARVU M*J4UA>;"(X\(6$+"-RM$7$^!.XJ(DMV5W*[I6MO7P7E\"JJ%IMQ&<\>IM"`)1X*)YQ6,CA M)B"Q!8@J^).HO3MIX.MW`/DG8UWN8UUXTZZ8U>\8O=M"]["O=1%=5J?<1L0N M8RM+NQ9RZF)!]2G-J0RA\(;ABQ#*[_+&99]1ROV]M>VDT39,3<16(HX26T!Q M%/DBQ.E@`CN($U\4DDD[XCU)RK=DKGVT;Q+N#PYU%Z=@W1N.].NI/-*:NV>5 M?EJL93HFE8,*QJ3SID:TU)TLVC.*-!@!W&@$%HIQWQM:AP0X`<6Z5S&Z#Q<3 M+W$R]Q,A>7(!O+AP]Q,NM*C(\@.<%DSG&\]M#4-:$0,0X'<'AS'C&/R]ZFZ: M4UW)_D-A>Y.:L4BH]ZZ;ER37O1+BJ)H0+@K%[K>^BP>WX(<=SFF\E0)P5"J% M'@L0V#90IHVU`6EB/=CEOT*R7];^.^/#F!K&?R_#=R[C7C(W/S5[VY-%)?+[ M?G7VW,]?;$J^W'J/3B^W8E]NQ)VGHPOH#5;Y1@N+;5?MF?>3:1$4_T86L;&&N1$()$) M08P+@N"X;CG$%O%3!K"XT3>.Y5.H6Z6B_P`@\]X.+8H M?E[M%3="[G@>]<<0T@P,M/"*=Z,2:ZB]:PT7F7F7F7F3*T50G\V$*Y<:BI3% M4;3BJQRTYTP-\G/U6^.:RG_`&#>:>VHM&<)$.3N>XP5 M73V':_DKWY47Z?Q.Z`_[<.0.PSU554*JJJH4(H-F0L$N8TIL:[KN3%4*H51MQ-3G4="\B=ZBV4*H50J MA161?-HY-)(/)FW`L"P)Z;158NHL M5=CG\"<2RF:1DC27-VC=TM_N7_,1Y6HJ)8Z)W/=9L=R;SVR*_P#S(;?A;^&. M>NO]TQ:._3>"WG^"#7)W!`N*..E7(8BJ%"H00(RL"?(U3&I:PE43? M*L:>F"K\AH9]P;NEJ#-Y?GH<58<7W>Y4OKN6+[@RD)VHLJI]9ROI-S[+'!FDZ18&V.X318]@%5@093;U0Y2)L@:#,*=8(W%$ M;KA[M"?$NJ4R0IQ+@]KD(B48<*8S<=RB^;D'ZKP:IFZ/5IS] M8YS*AS2=A%5@7F"J56-61#;BQEZEK(FAJC8PJ6..-"18UC1>L>YC6/AKI_\` MA;<"+:;QY;.:Z:#//IAG_>ZP_P!T>>G?]-X@+JN#BFQ\.FL#T&(M`&)554Z0 MA"M>V M#918D\U&]A6%4HL2QT6E(NIG.JI.KG:TWQR;;5%Q6)V_3"NJ%7$C6GYZ+G!! MU3@6!8%)$A$ND$2T(N#MIVN'E[>1]3,]H"IU-`UUNW*FR*3)98E]+NE[3-E[7.%JK++^XLZ40VNY>`=CO3I+_:: M@=7/"M-?Z;;@4A$:ZHWR\Q'W)7N2A(!58=S1E723@F!A#G4"H%0+@BUI=W$DCCRJM$#7:>*PK"L*PK"L.P M"JP["NWL3G9X&!:C\F3Z792%S2%YBJ.V.55B3/,L&R7DP.3(NBOSIUCF:^(. MD3XKN%?Y,B#+I97EES?O?I_,0K#3>97!S&R^DWC0Z1W2=L#@U=5B?6T<]-W[+.XFS1MVQK:;I72_L[=Y>T6"[ MB7;K/3&F#2QD1=1=1=18J[,":VFUS@U1RM4.B>]V7:=,E-0$Y#:YII^^::M\-O+:>67L)%NUS'M].XYV% M9EE=KF48T'D%7:!R)[?VTRGJ/[?9>G]NK)R9VXL0K+1.30,OM#93,?V]L5'V M]RA2Z`R7HSZ%R9T/V%DSHW]N&F5O;2UZS-"Z>B?:6-O8Q+N%;>ZTKI"426TD MQ3'X]K#1,<%C1=7:158"@"J!8`IPUD.'\S"@.+NF4/*L+$ZCU[6WE;G<3K7- M\:8]=>8+$@Y<5:RO=>)NUNRP'^=EH_P`27X!NS*?G77RX MO1OCX%_!N:02W.ADD+3'DT"OK&VM;1N9WA'U&]7UJ_ M";GU\PQZBO-R[_3#@G<]UH\^LF%N;([N7_J+/]/+\`W9DOSIZ8;3C#\+QVSG M\J9M9O;/5S&8SL/'9FS_`/K)*.CP(5IS0YB1I0H5P4S<<1:<6[A3?RY-?,IF M>)$UW;%X;W,>I.K"NK$NM M$NK&5B:C+"U=>W77MTV2*F)BR=F"2[\K+'Y'@5W*JJIL'@77"(S,,WF5_6NY MG-696V,TZ:Z96$A#G'=03KW$#4;J!-NX`9+B.2?\=V1:^_V.]:?K+;Y-Q^GU M#(#?T"!HA>7(;[FZ7NKM>]N0A?W(7U.]7U2^7U6_7U7,DX[,(5`J#94K&Y5) MWZH\5H2-\V?V;7"VWSM&PH;HWLY_UPY+,/5N9IA=DD$KGBI52JHR/\`VT:N/DYO_M?@H78V+YEHYSHOQW6M).O+?#F&V@1V9)_M(_E73CTU\&GC MYTQK\N.S,/5N9\YHR;`T-PM6%JH`ASVQ?,RY[9(OQH4#5Q!&UN.NN;QLV8X2 MJ*BPIPV9&,6:AP9%=_(OOUOP-DTOO;7]+\1FC'26#FD%9AZMS4^/HD@A51<` MF\2=@3<0=%F^90,CU'FL0&I\TKE.?7$]TZXCD/46-1O\^9Z=@O+C[$M5]AVJ M^P[5?9%@AH:T4VAN-ED<^7YS(RH>WJ0YFW#F/P.5?[*V^1\1>?IIMF8>K&-9*2=YGKRG]<.7@.V7+_^]Q5=I%>^KJ(U[IJPU0C"$3*[S?5E7#,=I5=@HJ-5 M&IP:O*KL?_T(8WISLC=#F?\`L?@=%`.U8>7A!4\7-72,LWX@7N*NS5VQH!#* M8KE\K[NG&K5C1=5"E54*H550JA0!KEG#,?Q54=IJO,L13W+&B0=1D^6[+FP7 MQQ7OP.A__;3R\"FP>-<,ZL>8LZ=X_B+KU*A5'!73L$J.K0(E8EB0/P-0 M%B;3&B[RYO#+%>`28)ZXDSJ%8'`9Q-[;*HN*P![NBQ8(%T(9$;8M(RNV5MDI MN3]O3A.R"?#]"O4S3E^\?;%^K;([N*Y=!*Q8)525'&%B[K:CPK.[AT.5R.+Y/@^F7OIE[Z9>]E7OIE[ MZ9>^F1NY7+W,B]Q(FW416MKJ81'+ MVO:Q`M)\FULA">2&Z3D8YY:"L!5"G,J0RA+(W+"Y8'KIP)]O`]>TMU[2W1L; M=R^GVREL8&A]M"GVB&616V8BE-1XCDW$?!9"W'G$Y'7Q,1<%B6)RQ.6)RJY8 MB=E7!=5],_;F0K8YV:0==ZC=U M3TV+`Q%H"'-:4>YL#>7BY@YS0VE2]H1+/<8J.U:2[(6@M%5QV<-F%Q6%VS"5 MA7'9PV4<5A--&)&3SLMY@Z2IE=[B26;'SLMK12=E];!X[,:VK^RVM5-VBUQ"Y_:K703.U. MMBG=K-6L+^V.J&-=I>=CH])W$C7:3O0GZ;S-:1RZXL6Z[;^/=NYE?9J241+WL00OX4Z^CI#=M*;&^N0Q.@9A8J,5&*C4`VM&I MP8J,5&IH:J-5&IP:J-7XF(3:G?;CW;+.U:706N'H6R%`-E2J[1L*&PDHU(U9 M'34-K\G8SG+\_P`+F-'3=;+`:CP3RWV<^\E[)]8ZDK30!K+6UE4N5Q-3[8-4 M4$5?:6ZX8>*XKS+BO,L3EYEYEYD"X+&Y8W(EQ7F75+19VW6U&VKU1U15>7P: MKFJ;*(#CKEGM]2VHK$74V,]4OSO"86@Z!?\`XL>*F!]%^73%QQ!5:JM50O,O M.L)5&HD+RKAL1 M8FITUNQ'-[)A^MY2OK.4E?6,I7UO*5]5RQZ^HV!7O&)L\#VOS*TC/O+5=:*1 M5">^UA4>:6!GR=TSX,?F,CB8FPN>8^+8T^%I^!I1:?&.:)E-C?`".P;AY=T/ M_:[+Y#.:'IGR_JGZ7.CET[5[&Y37$Y,?P,G#JN7%RQ4$/%CA1/YMFN(TVZO)4+B]:AJ2200WKV3Z M2N/=6FXU'EO5\(#J#1[^K/L!HL6^$=@VU5:KN3,V;55G3I>D[.*Q2+&]8W+H MLZ4Q>Z1TL@74L<@?[M^'JRO5F^0++9BL>!Y*'!S2URD9Y@RA\JX(L MJH*,$H%3#5,MGM3@`'EJ-K%5GMQ#H%T@C5>=8RC(HY5:70"R><2R/9^8YG$1J.)21^9S*-V MNDY/M\0T#%!;Y!NGEXPV0_,T;\O=&P[0CL&T[.Z+,.I+9 MM,I=ZMZ7_6O3&UKNC9'Y7:.?Y,6Z-E%14V'955V417==X.=Q_P"H]3MZ1P.7 MRFDC?RI(;J![;C"]8=P>5:<&/,+B2LKN*#O,V4!=8%=0+J!=0(R<,;UB)5=C M**K558.H-$RB;3&Z>6P;QWAL:M'6FN%\?-.[@O[D746-8UC6-=1=5=4KSIH>J/6--EHNWKJZ2 MW3RV#>/@-6CN6Z-T[YY=U8RW.(87?0Y:G?CA$SI&NAN)W2=?HW#((W,G;)TT MQA)<*%#EI*)MQ?30E[_93ACK2X"Z$B%N^CF$+R+R(8*ODB371N7D52HN(>$8 M`%;B$+MP6RZ5W3X)W*;C7<-&S`R[HW:*F]3$N[3:WD#`_2V&AIO9/'U4N7[=Y,Y?MQD:/;+)`OVVR5.[8Y24_M?E MSD[MC!`W1N3NR'*MP"J+?!.T;IIATA$67NZ-X[PX+NTQ0VQ^T)8G"5'=RR3I M9G<7%9V9C_AXG2(5!6-,<"28TYM1I2,_6&>1.D97&T["VJP+`@*;LB&TMJ+2 M/S;C4>71F71G72G0AF)]K(O92N0L)J^P>G6$J]A*O82I]K-&NE.O:W*Z$[5T MITZ-S#H^4OS3Q3N*C)&\25A(W/RE0+"J+"L*PHM*PN7YRI( M5A*S2(P0]O+AMYF=%14W*;Y"IM:0'=U[=[\JR;CE*,;5F<9Z`PX,91.)4"H% MR57HER/45'*KUQ*(*! M8H$'05_(7Y"_)743IFA==BZBQ>2"7J'\],QTMN>XU'E4[M2@37P=2<,K[5N+ M,QE)QJ/"OS,1:ASH4#Q-"VCE5H#BFN\!CG1KW=RO+ER&<9T,GL;SOOEL,\G?J`+]_9$WOXH._L#G_OOEB9WRR% MP_?33[&L[ZY#(F=[-,%P[P:2?'<=ZM'PQZ2U`-3Y2WU:V;U-,Y`[%E*Q+,N- MO&"?'/!-/GTLPL6(+GNX@G&NS$$XUVNY61PR;C4>6UO/Q-0.P6W;IE+O8.*[ MQ!S-"#%0;0:+J+J+'78\NQL#VK$2>S*.&_TQ2TO-QJ/+:WGXFJ,,-M:=R;K(W6?>V>G[YP*3OK0 M:O[GW6JLNI3::KBL*PIHXI[)'%L+PX\1VDU79Y-I27N`3-J+5#,VL3YE38SQ MQSD4'%:9XP*I0)KX5`4T#W.XU'DL)6%R#37Q-40%UA+PG6,HN<5AZK>6S"4` M@`O*C)$T]:%=:-!]14[-&/9[)KV`NJX,K38S90[:A5\$)_%1>1:7!Z&$KDAS MQ!<_!"B:7W-5556()K@C(P!O/Q]3?ZJ?YNP*V]";SW,#"NG&NG&J`;=&?+_# M<9M.UOAO]&EOTZ=SV,Y>"^X]LAGV4T^O92OKV4H:BR+%]6 M(K&4'&O@ZJD:TSPA3N>QG+P">.8@&SX(4Q28&P.=^8^5SFB1P748NHQ8VE$BFP<\35B M"J%4*H50JA5V:LX6=P1UME$`7+DF\T>?-4IL'.H1Y[-%?*YC$%B"Q#954\(@ MIHX[@XG31'2Q!'B:'8SEX!]>8?HJ%4.*[+A:DE$N7F7N+=>XMTVZMZ.N[?#[ MR->]B7OH@OJD"]_$]>\C7O8U[V->]B7O8U[V)>^C6H9H[FSOFM;/M@]4GK;S M1YQ^J1#ENZ,_3M]&X>;/@(O5ICY";R/),Y>`?7F'Z)#U7?Z7;14WJ;]%A68, M`L9G%[]C5:AIDFIU6\T>;>9%5A"(&[HFA@A`*P!.%-IYL^`;P6E/-;X`B<*Q M'8SDC(U8RA0[M*OS!H]DJT=>./M<16(K$?@A3@:T.QO)75[%9CZS:3&/,K(KJ,0(.RA M0:<>9D,LT0:WWDMB>-0JCX',1_@.Y[`HOFWD7%@H-PS1CO\ZG@8J+J> M+_=I#T)W,\DPJZN/;-O\V?>2GU,-%]3O%]7OHU]\ M>H[PUO9?<,^GM7TYJ^GM0=4^/!#3V>%?;N=JYRW,8'W-O-;0R'#L(JL/BCB_24A"Q%$U1Y(>4YVP&TE_-"# MR%4KGLQ(^9`4V804T!JX(`+"$WGX\N&KZ;D/S'.MN>T< M@_N6U>7:OS+^H?J]*_J'ZO2MF\NU?F6Q/:>4?WJCJW\_]R^)=W,+9KQKX#!:TUG M7D?QF"UI%!UJU<9EMGLN\(>)=5>VF7,XU$5?2S9,IL9KJEUG>3XGV15K\VM= M7):&LXLGZN>T.9QKK.[7_L.\_GUITN8V$QM?TJ#&$P&A,FS6ELTBD'PS\'2M MX:UO#6J.#?,DM+IL*(>/FK6R8NS_`$K,O$VD2J!RIDB<3UC_`.ZG&^/,:T]. MJM0NS'S#J]/0OA2V2QQT^&I;<^')1YE\2=-/.527'G6=9U07#G7PITT&I0O#'RSK'GZ%\"8UWCU5XSY<@FTSPH3)DJADX4CC\(?2KFSJ M)$[/H*;.F-:Y[:BBUI%H5\6"W.<&LXU8N3#-?IJ'G\2^-,L,T-H\-:C")XU1 M@M0V4TLB8BGET>)4X;<8;5,:H:>96,XKI\(*-%'EP0*B-EW$OA3.LEZ'>'E5 MB^-,I^L>=6Y3@YG%@#21:-2=,E-:PNK*!E4W>4*])\/%]*V7U*Q*G3&R]$4' MDGY:90[S^'&NK[N91[;O-Y]2ZV^/,R9T*#:!B6R8.#NA/E2',VJ6'-$40/(" M"A=FN+@W>.=SC72J8C]WBB$`RAAKXM/H1$G9'A64(OBTBD5CDI4!0^S"')NP M)\44.N;$DVC31R<<,^DG,NN-3R<2#J0NLN3S+?T+J^\F0^LVK5YM2=.B1(90 MSS^'$K,Z;,R[I@K(H%HQY@HNB^7J1B(Q&I"41X'2C;VG#F@-%"@SLR(UQZ>C&@:E9;0/ MI\3)UJR31#I76W=I`!#"#HA$5<>N"M5V?"E&'9F@H%-EGZY/+_=4TT*6(LLP<::S3KT\5"#Y1M,(Z=']X']A"[0-,.FH*T\B.BH#D3 MF3G1NU1HW854UP'3F"LOH)&M<<5%"D%K7'[P5M@HAGIS(-F4"A',Q=8^B6*R M?"DG0G3C"7)%%)W0-,(TGIS+X;3,$($G9CR`:,UKH39TNF6[P@>/^P4%L&,D M5``D\KAIZ-"#)[GDPJ$!#B-=.GI74R&V*ZZQ$\=5&<0*$D"W=PTQ$(4 M\RZV4PAOLFD5<<58;0T:`!XL%L5JT?\`T*ZVV^P"!5I0GM+B2Z"ER8NVVQ7P MRZW'.$\N)%AL5!,D`DL=G\>I=6#$00E516P7V[4($=*9)!):_P`"A=K1LD5J M:Z+MA-%X>X3'"-`H'*@]I,2^'%RZD]C7.L-;&.F%?H3);'/@[2*0G393G;+H M&(\2,3!C1$E-9=G&T3GS<:=\NYQ>P1I%?(A>FD\:9,B=JOB74,>[K;,:J$;Q M':T<0K*,UA^(,VE2HN7`A\!Q_2KIX M/C:A4U3<[[1L?M>92)L8V6P*FAC[;IE5'C39KWV2&P(AHT(-:8FW2-+5,+)D M)99171'S*7-F3;9%9IYDYDQ^VUT6\8T)S)M#'MA'0FS`^WI@,R>]C[;G-(`A MITIDLF,CJX&NNM.MN'6F;&%-52L29GP2!X510E-L_*AL(P,89^E0E/'6-FQ% M=529U-4-2EV76H,@>7Z9AF_X0=MC6.)%D"L#.3Z5/E66@2@(:?3%29C6"%HT M:80SIMMK6WB.;,W,#QHS)H!8**>/S!3I=X$6-'EKU*[RR&F+CF%(S="FSI0% M@PAQ&,'!!MEMGJM`T11+X6YE7%#1SIT0+?6`<:8'#U@K0#+76&%D5`9CQIS& M=7&BBS2..-2>UW5[@@`-J/*FW*PTRRVO/57%,!#-YU8I75AU$.?6 MFM!H88A.(A%]=`_X$.V'V?2NV'V?2NV'V?2NV'V?2NV'V?2NV'V?2NV'V?2N MV'V?2NV'V?2NV'V?2NV'V?2NV'V?2NV'V?2NV'V?2NV'V?2NV'V?2NV'V?2H M];]WTKK#.^[Z46Z#P\54JE4JE4JE4JE4JE4JE4JE4JE:@K;*,>L*%&+U+S"A M1ZSH]*[3H]*[3H]*[3H]*[3H]*[3H]*[3H]*[3H]*[3H]*[3H]*[3H]*ZTNM M="JS+=R-\0TPMGQJ#&E6IJ#K2WEO+>6\MY;)$%M$06\MY1C M@HR$(<*Q'@*U7@@ZI45Y+FU*H)LQHVC@K5:K5:K59UJLX(4J`R-O"B-4570$ M3@K5!5:K5:K5:V2JU6J"J\F9ES1G0CPIMN1LN5+E6JU6MY;RK6\J'*M5JM5Y M,S'CD[$WA2C]!%-;1#%IQ8J&1L0X5YT*.1T\.4W+F00X2*F(<-3D@Y13/H.E?"52J52J52J5AS3%;KE4J4,C:@,T.`CB'D4Q`'0K.;Z"@Y4!5*I5 M*I5*-D+::(+=5M@H5->1M"')PLQ#D1^@0MI615EK$.3A'>Z?H3D0<#7P4<@^ M&(JEJHK529:;LILGZO".'$H?09Y$S@SA/"0^D"F8*,:G!1PX M4S(^9'*:^`*:ZM1@K5F/.MSI6[TK=Z5N]*W.E0L=*JZ5`MZ5:52J52J52JQ* ME5@K46YD[ZV0EVA14>)'Z":AE!L8(Y`[DPGA8X89"4W([3ZE;:Y4S`NU"[4+ MM0@7/!4QC#ZOG4.'^N5\QWDZRTFS%47QGV9GX4)5VG"9--%3AXP$WV3PL'8M M)6\K-I44JI58]&$J7GCD%VIE"[1;!BU$NH:NT5<5%6T&N?"*HF*(1Q MJ<25D=Z_2*_9\N+2IWN_BR%G=GJU^+!)!S)_%PI8(TJMVM;[QSE=3;?M?6*& MT[65\%QLPTJEQARJMVM1I5,5\-RVLV"I;052J*^*##PXU4?#G5!7Q'UIPEN[ M-459%-&;JRG>\<78K7622H-&A;8%GF\R( MF,^)#B5F[2Q'D"+!-9+8%HP;5:EL%9<@S M#F6;!G6Q@A0HOA@S+,LR+C&*-<%8DF`SY&Z7G?LZT\?6.+M*F,%8H4'0690@ M%9@%4U9E"BRJ@JE0QH.FF*VEM5JH1695#"R_LWI1CY/*I-[OS@73-H<0AGP4 M`E;IP4T+>\>"!*W@JU1BR??^A6_J!/\`>/CQPN;(6RSZSX*[R!ZK,#1)SJI; M5A#985V;4),R6MMF9;BK6T=2];PYL24[ZZCD!R1PSP4T>K'*1'2/&G0J!69, MAH.&C!*Y48X*L-J(@JPJPFF.=1*IX>"@J&F"W"J6.6Z5NE;I6Z5NE;KENN6Z M545NE;KENN6ZY;CENN5A[7;04Y@K!X.'#,;G<\#RH_6IP,Y#BL'LHPQ;/5E= MF5V96X0A:R$*72-P*L*L*!%*W5NJ-E;JW5NJ!:JE`!;JW5NK=6ZNN(W5>7-T M^;*9+/KQ7)@9R'%\.)'%V@"MUJH`4"T05EN[D!*EG.I='J!5*K("IX:("/FR MF[@U6_(5#-:P,Y#B\WF4<^+$X*4W M&"L&I,D>H`K(JX4XU.&G`8)REPTIGNC(N\/_`(ST"/:Q:,&THYN%H4#@@:TU M]1BI;SOE0SH8EGUBFVO9"HX4\O!N3E+Y4WDR*^M<8?`&90QJ:E0HG%@MG&IP;6 M%VA)\#]9OX5:;>+Q'WV_@43>'V.4>9?$GW@NXGM_"N MVO7\QOX%LSY\/>;^%1ZZ\E_OM_`IC9;IVR?:'X4'L>^)XQYEUD]\R'$1YEO3 M_M#\*A&=]H?A5<[[0_"O\W6/PJ,9WVA^%0M3_M#\*H,[[0_"O\S6/,H?$UC\ M*@T.UCS(B#J>,>9%MS+K)]HQ\RCLJTZO#Q(3A6,%.+#(`$T^M@@*U3I3''=R M.C2F`UPP;*K691-DJ!:%2!!4"!6=67-H1L0%"G-=[2LF*LB.0DJV:^`'#R^5 M#W<)4KE0&1/]U-_2\O!CE4[ER,\!!6>';Q)K\^`-5C,FM=4,>G$@LRIPTX,R M,84T*6_2R'!Q3X>LHXT.$AI4R7"A@Q*@MK(VTA;S=:!88A!!P*#'#:`52J52 MJ52J52J52@X;*HBMFI0P67*I9U\$^LI7)PA&?))QS6<-17$MK!;F0L#2Y5R^ MA5R^A0C+Z%OA5D\A7K<[E7+Z%2Z7T*N7T*H+8&I5.53E0'+UD7L-:LOJR0M?K7:.UJT)CH\J[5R[5^M=J_ M65VK]:[9ZCUSUVQ6Q-/0NVZ!YEVO0/,MF=#F'F7;G4/,FRWG_,AY491J`4!"+'",5%ML^'*B#%H"JBMF0V'O'S*,V4 M`V&E;F0RQ_&'B5K)!R86\J9R<&85P4IK:H*T!\-?%;##9P;-6&#Z^!^$(K;: M%O!0H*W<&E;N0RN5-;]7)!R86O<@TX:U6B'N`@NT"[0+8F"*[4*(FB"LE[7< M2W6)KH,Z$6-#:QX\AHRB4SC4>;)!R8;+@K"JQ-J*SZUG41'6L^M;Q5H.=K6\ M[6AMN@.-!KB8QY59X*..5L.,%$DQ M46FE5JM5JM5J,<->)396T*E;R?K/K*0[ZF1E#W>!'`N3L@/`=HSH\Z[5GASK MM)?ASH?$99T>!699D`X@-7;-\.=0:^U@KD_;:M@R/MM5=W^VU5!;H503;,.K MT9DR3-S9()AELM<@6XW5@'59\$/64,^"!-"@S#3C%D2%O(%A0!X8#,GC-CYU MG6=!X)H6\5O%4N,%4MBK!4W4%F',%6-05:I*K0D6G6DVT8NR."&"H)LVBS5@ MCZJ)S8+1C!6Y6&G#1AIJP4]FFSF[IP5JL*L*$0J^`M9@G-SG)P>--;D@PCWD M>3%'!\REM9O6E4MIABMPK<*I85N%;A6X5N%5*D83E#8)ISXM052J*J*@`J@J M32J#@CAIPC#2AQXD#4H"K@^)#ZM6+2JL2H*H+="[-JW&J,MH&3B=ZB;8Q.J; MOH/+H$KM(+MNCTKMNCTJB;'PY5OK2HT:UL@:U9@W6JAK5`&M6'5J"I0AA@$' M"H9!#.H9_H;93VS*@T8@MHAM7`QP%$<2BK2LJI5*!4?I6G!!J+QZP5:KP"/" M4+9]@>7!1B05DU?2_5G?0::\1L"F MO#S(9)'(8:5:P"RK3U%4<%1C'!UIWU:=7A*E$UQX7F0X"GA(&I"RJ%3PP4#@ MBHNK0'$HC!16JE!]!P4*G@3@I0AA*EDZ>%AG@@,:C!M8M:K5:K4,%*K0AD-& M&!KQ.SBNQ*[."LV%4J0MU;@\.=;JC!;BW54MQ4-52%L(8DOE0Y.$_9X&G&IP MQ&&TAE43B1I595.)GP4+.FN($58%4,0'.%+<:RP<(US940M(+;W5ZJS+:A#!\.S9XU6S5Z56S M5Z5M0AQ+8KQ71PTXM"-NJ'#MY>&HP?_:``@!`P(&/P+_`($(YE"^WV0UX]4. MMNU,M%6;C)O5Y=Q-#!]XQ^ZO]AW=+8-,Q[G>*PME]UDCZLL']ZTMOO*8WW0T M>)H7Q.]+Y]MWG5/>5]_F/_$J.\K[_,?^)?#[TOGVW>=;'>3W>\&GQM*VW76< M..6!^[97^_[NEO&F6]P\=M6;[*O5V=QM#Q]TQ^ZH7&^R'/\`9+K+OLOLE<7T M]$U(RWS^OO(]23MGG=N#[2L]S767=I7MS-M^JAHU.4>][[/FCV;4&_9$&_=5 M#!SJ`JX.#J0J6ZE'NB_3Y;?9)BW[)BW[JL=]W1EXE>W*V':J6G[J$N3>!)O) M]2=L'F.X>9WTT;S>WLEW=M;G$`#G*-V_\>E&^7CVS%LH?XG?='&O^\7IWR_^ MDS99J%?[5I?#:(Y'\1HBO^TWESKJ/\J9M,U&K]DM0NW?TMURO7M4NE'_`!-Y MXCZR%XNSVS)#JG-((/(1]+2[C=+L9M_G,BUSJ)0IAFI_KPZ:39D;OG6'ZS6N\1:HW*_R)O$] MKF_C47W,3V:93@[HC:^ZNJ[PDSKO,T/:1XX+X;@<8MEUA79LFB[WR,IXS&-1 MYG0.O3]*SYTT?["_'K6.S1.^WE#H\Q!0>X`D5*`K&"T\P"^6[GN\V\S_`*H, M.?1SP0F=]7AETD^PS;?^$?:<@XR/F9_M3C;^[0S[JZJ[M;+E:&@-&H8'75CV M&\LA:;$6A&J(KI5]DN=+_P!I>3+V?9A03'/6#FB%&4YKAQ$'Q8(NH"F2KU9, MOY-T]D*]DAMEU8I)H(J$8A.=>)LH]Y@Q=*8(=4WU132[3;TE3.YKM-#[_);: M>!4VF$"ZJU35KP=5>6,F2M#@'#447,DFZS_:DFS]PQ9T!&9W//9?)'L.V)G3 MLG[0Y%\KWM(FW:\:'@CPYHJTPQ&"&=%S`!&M2[^P?]ON&V79K<-AO+&GD;'Z M5-P[TE";=CK!TM-;3QA?[6_WF7=_9+6NZ8M\2D3KJZ9,[JGMLESJQ,%<8#.- MIO[0S+JNXKNY[,\QU$MO*XT[Q[#8ME#_$[[HXD+M<9;)-W' MJL`:.C$;_P!5=U?=[%I^M5$(WN\@'O&\;3>L%IH'JES(TEU)C7`T)IEV'F@UV9S8#:,M[0":8 M0:6EOM`*9,O.W>F0#`*#.+MRC,XD$/'JEKLT%+F=Z.;.FD%T#"R(9F2S:`:( MP+MXT$P*FW=]S:TMBT.HEE^S7:8*&F-DT0-.RG=X]PVWW7J7-#Z'.:"*8BO9 MS.A9C".A7B[]U29;N\;X0TSW36QDMK<>KWWFFU'.Y.[HE.M3;K*E@Q,32#`G MCV:<0W:_RI)7B]WQ\R5W;)%ACFPB9E><5`4NY6K_>7Z\S9'L@-;TQ=XDVX=VRVR MKJW,-.DFLDYR?I?Y/O.4V==K0=9.EM7AG%"$B0UK)+:FM$`.0#%:R7/FR($F M,N@DPV8\0-,/6SIG<'>=[EWECB"UDIH!=[-IH%H.XE\WWB&3.]H18UU,N6[- M$>N8UYM&E2Q.)9/$';#H4BL?6;RA6G!AO%WSYV6FZ52Q,A\]*:7MS&R=EW*W2-,#H4R79=LNLD.%?&-+2/ M2KQ?937.`;=I3&M$(,M562-EMN,21F5NV/E+$`R'K1WK7)1!=2+;IUZFO=[1 M)K,34&@44\0K1[LDR_AL8":(,@Z,&C2:*1HU(]6TLVRT$PTV;4(@@$QA[0JA M1$S>[)H9:EMZR40UTNC<`I/JTQ!;7F7S#C)%^;OL831H,'4B/../^PDSO&6U MCYXH:'.#1$\I%J'LMI\:=?N\)AF7IYI)\F8`9@I?>,O:9+,'#2VHB.CRYE+O M=P^)=PX0`$72R=(K;"->CZJ#;/PK)VN.-7.$6D;-$*:]-&:'2GFP]LZ=(8:1 MM0DS2UT3&%EP<"*:>A?*WM^T7VM@V(@/B!IA4':>=/O%Q%N9MAH.R'.;$9_5 MM"O12I=IHF7ISFAT*&MCO'D;4,YH3IT]],-D-(M$G-I;ZL3QC12Z]3L^?1#D M\6I2K_<[76RSIL1&BC,>./(C>[N#+FMWV$BCSMXZ%$5?V!M[T>,:^.E'O+O= MA^3!(E]7MRF#0"(TG/&DJS,)C#BH75RQ#P\*D)W=TQ\MP-8SCCTZ:58O\ELR M6VFTW9=`9C06[7(.5?-]5>V.`L'9+VZ?5S\T8*:+K,VQ=2)9=+80A::'1%$+0T(WJ?L@.H:W=:"09DUT866QZ!K3+WWTQ M\N0W_+&RYW$_=V#Q$JU-(E2VC/0!F\P\2$V2X.EFHCZ?@:D;0KK3FMM6'B#A M&(<-!!%1SI[+M=Y=WO#O\QH)+:)'Q)M,!GLM;G.DK8O?67 MXD"JRQHSG.YQT"A/[M=:?/FV;<[UZ"#!N9HS>.*^0[N8UEUT5ZW1C21$KYB6 M;,T4M=:VF'B,(.HH(+8.%!"$F<+D751VP+.;8#:_VH:%;[SO$Z>(Q#-Q@Y@; M1_:929[[R767`S)9;%C](%(<(C ME@C+N=W;+EG,(ZZ8T\:LM%'@%\I,B&459H(7:620,YSQ_P#0IMP^3NWS+Y3Y MC6]8Z-EA(@)6T7"!-1H MS5ISVPB&DTU4#.KSWNYDMEYN_J1,#&%CCVJAQIM^FL$N;;-3>\2VW MU8JTDD`Y+M)F7*[S" MS;>0^8YM=@"C65-NEX9*;*9=1-%+K;G.H;+@*W6Z*/5I5UO,Z[R&WN\3A++" MYT&6]R)_?T:U>K[>I%VMW>R6V9A!;16`I/=O>,F2TWB1UC3+>70HC M!X(H\*TPRI?6WN=-$N6R,(N.DZ`KQ>N_9$ILF5+!:93B0]Q-FQM4@U4P@KL> M^KO)EW.]/#&ECR7,<[=#P?(IO_CTYK`&MV'`F),&NLF-$;)-6A7JXV)8ZD&P MX%T'P=9CR;M=_^G&?U9LS'=979B`1`J7W)8C)=`.F>S,<"6,T4@#6I M7=MYEM^0F-!ZRF++1+=K-"UT%=XF7(D/?<7`0#G[8A:.;,WIBKM=[HV2^5,N MHG37`N^'&BSRQH`--2Z4V+-QQ;#UJ+(;3S0BA+E=V"YW)\ M.S=4\1%H&/U8J]7WNNY3+I=WW-S!)+VFW.=4X"U!H;R\E<%W>VR9=T,EC;VV M+:Y)M-C`TVC11FK7>W=QE&5\Q>'3)-HM@8D&%!,-W/I7=\R]70W:3[I>&S0PF M%L"ML=*O%RFW;Y0%K3+MO!<7M=:I#:`W-%7.ZWNZ&ZR)$YLR:\O:ZT69I8&E M7N_RY3I7?/S_`%LJED3+<+$(@FIM)Y*%(?=9+G=WR[AU3G@MI?$OC",:3Q5G M0C>N\[E_W27->X6G`VO6;9%LLCFIA2IO>,[Y@=_OO'6]4'LL6P[9.BAF>U$: M$)G>-U>VY3N[NIF&+-F876_:CLFHC/#,KVWO2E[IK;+J#;:UMF.H"M7P3KN9 M'6WDN9N]GZK=DG=T8M M9NB'3"E3OEI\^?W,)<`ZY\V@!Q#2;))8X5':;"E=\W^7,GLL299:VVX=4^S%X; M31MC514N[^Z^\'S1>I;9EN#G69K.KMR7G2:3'DI3[QU\_P"8'>%FUUCK4.LL M68QCNYN=2F71TSY6Y63-`#B'VR(M<11LRZ=K.=*N[63)GRKKD^99#C8)!@'6 M:JBKS-DO((N[W-ZRRU\)H:\-$LRZC$'E5Z>Q]\;\"[N;8FELN2^;"F8([N:$%<7NO5 MY#[S/E2GB7,+&;AM%H'M.VHID@N=,+&@6G;SH9SQGZ=+';I$$V\W.46S61L[ M;R!$0-!<12.)?-W:59G",-IQ#;6]8:39;'/`*>Z8R)O3&MF4G::VH5T[9C&`M$PI&9.[R`=\X^78)M.W=$(P',*Z5*E2V/$N1,,QGQ'[+S MGWO"G25>6F7`7L@S8%PM0Y#1QPA'.I-Z#/\`<7>788Z)B&PA`T[7[45\]U/Q M[=NMUFW[5B-FUS*\RK+K%[,9NV_:Z:.:%%%2E]8Q_P`*7U;?BS!!GLT.7_2[ M/^QZNQ9B1LZ(U]*DS9;'"9(E&6PVW1##ZIII&B,89DR==Y;P]A);\280"002 M`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`-T=3]E;_`$>E;_1Z5O\`1Z5O]'I6_P!"C;Z%$.5:K5:K5:K5:KQ( MIKW"W:YO.NR^]^5=E][\J[+[WH79?>_*NR^]^5=E][T+LOO>A=E][T+LOO?E M79?>]"[+[WH3KLT=79$8U^9=J/L^E=L/L^G([N9;B-ORA,C79'B^@JU6JU6J M^`EM]7A(1H(1AIQZ.%E3&[C'1/0I;],MIZ,HIR:7PC>10=O8(Y'(_19^Z,H' M`#AI?",7-D;1FBH.[)2;%75,_='#\2,:AP%.32^$DV<[O*%#-#$I4.&BHR]Y M7<_P)?[H41PE&"#40[+I<56JU6J\-)5>"DJM285!P\:B-&)'(9373Y`<)3<[ M?9Y5'YB[ZV^=%\N;(/V?.K0)3AV<5B:[BR6`5CU4^[Q;U0^J%O%;SM:WG:U"TH%RWG:U65`DJ@E,!-9550 M505K.J,MIJ3&M&PBXU15"W54JENE448E!4F8#M%P4HLH:6=*K5'`48:>!I4P M9^"E\J_9^@9)EC:(\5!4&A0A2M_PU+M`/#D7:CPYEV@\.9?$?%;RWE056FS' M5-393FVF@078GPY\E'*G\%+Y5^S]`05U;]2;^_@=R<+LJE04."H0AC.-3PD%`$6^"D\OF1&"E48-GAN M=,Y.%NXS]4_I<%S(@5QX>C(@G\%+Y4?=R,^\F+`>`/`_6X2C@*=*9R<*UF MA%0SQR"."G@:3@J5-:@RDK=5+*5`,I5FRMU6H+.J!LJEL'*S$KK M)1^(4UL]T6/:G*HIN"E0*V>"*D^_P#AR!O/ MXE*]QWD3N7`.7SE;+X'D]*[8_9] M*[0_9]*[0ZO2M_H]*I?3R>E4OZ/2J^A"PZ#1Q(2ZX*I1J5:I56"Q*"-ME/C5 MN:(*ET%\%\56%G1L!2)9TQ\606H5>5-=[,L^)31[)44.7S8M"JQ[6"*HKP;5 M:AP%&,4Y_P!7'HPV&(,%O\(]N13/#3@HQ1QJU];S*/#ARO5WDB,]S'61 MI.U!39GR;]H^U+_$C,G72$L"F):?$Y.CLN!X7U2SB"$`MJM5JA1(4`%NJKI4 M8=*H5:KP48E6%X_AVO)D4P^&=&-$%`XH.A,EPWW>90X<<:>10T2CXBN-7B87 M$,L5*9`[[L%!5?`48(3):^#+J5F>SXBL,E[96U)\-2B)4/#D6XB`G69;GP=Q MJR9#X;@XG`)D;1&8M"V6L',%M,83[H5JPS[(1H;J53=2!@W4M@-'(%"S%;,LK_> M7-WASHWN7)F,#*ZZ?O*V6N'A[RBVU#PXT`'.!'AI7PW/U#SJM0:Z6WWB1XEL M7BZ#]M_X5!MEW)_4^=08"T\_G4>L?X ME?"!E'VO`K^I=J"^(]SG:?`HAL8\_G M36Z/#2H-W_#C46/^'%6ICHCG0,QI=-Y_.NJNK+,O!>&:!'I4WVF`>/A:7..K M"YV@*WFQ(`""B6MBMH!&66-VE,DMLV6X,XY%LN.(UC7O3;;BK M"K"V7`K,J2%0X%5A5JM5XC_=X!K5-\-&.Q-Y,D=[P3>3*2=%*GW@>L5VB^(Z M*K6R7K?>%VKT9TDS;7''S*A\`NU4*5$QQ7^ZJ<<:5%V?'8<]I,]W)'94_P!U M3(:564,-.":FPQJPJPG-!$2%8SXX>ZI`C/CL;]9,]Q6\RA.GL:X="LRKU*+] M$5VS-:M":R'*H=8U=HU1#VP6^U;P585:K6T]H*[1B[1BH>TK>"M.@%'2JWK!VK MJ*=*K6\59;,-E=H5VA5,URB)KXKM'KMGKMGKMWJ+YSHKM7+M7*#)SX+MGJV; MV\.\.)-NLR8Z;+<1;[E`DQ3""8Q0F>LJ M,:E&V288\CW_`"I@3U>3GZY_C5DG9QZ^!B4QOJ@>4)EK*9G(FC,<#<6=:$8* MG1BPSX;0K3&OWB%3C6LT$0(QQ[NQN];\J;X9E,Y%>/UG^/(I=KUJ.D)K36,I MF%-)JP-Y,6:_,ZI`9^``4KDQ[+E''D>_Y4/#,IG(KS^N_P`>17>9_$":=+!E M+ESX&\F*TRNRCYU:S0X`7&B$"*\>1[_E5K.IWN*12B*[8 M4KW1XLIF6A&A-;FP-Y,7J7:?.@,W`#E3"S,$>7!8];$@U665C$S89#17:\JL MNK4UV;JU-_4/CR*2UM?6!2A]4>+*9C6UP0CFP-Y,5LMJ$.`BS>5AA5EU>#_< M*,NK$ZYPK5:WEO+>*^',+?V;7E6S//\`*_,I$8PM^5'3!3&?44]NB:[QY%(_ M4"E?IC*7\B=[V!O)P$(*#APM"@<>Z#U"3XPHYBSRIQ.=7L,W?F'_`+V179N; MK0F`9I8REPS64\9HX`<7J#V4%`8(652Q;O`0/"78?YC8])":/61L[P5Z/\=_ MCR*[#/UH0=FLC*7'ZJ>#_& M?X\BN;?X[4)?)XLI=R)WO8!BSO='D4#H52BJ>`":-*AC4XLL-J@/(NL]<*9: M]A3_`-5WCR+N]IJ-Z8%:SY2XR]Y$.KC@&$Q4'U*9/.^3!1C%EA M]9;^%$*;'V%-/\0^/(N[_P#Y;/&H9\I+.).8J$,/$NL;NA&S325MA58(&A4% M0PQQ)?"7?W/P)O)Y5._34SWSD5R=_':G/XQXAE)L[R=,F9\%.&E3#X9U%4X* ME`+97K:T;$5!S7Q5#'Q6XY1#8*D4)KB*D-DFA;I52I"J52I"J6=48)4R76T? MA4-`4^&=>JLRS+U5F7JKU5F699L&91H7^XB/=H\ZAM:_0B\.>'CC'F6R_96W;U^A" M==K5H:5U4RIU:@VK!G56'9K4'5K8#8*IJJ:J@HP4;-*V805-F"W5NK=6ZJE4 MJEL8!/:03#S*T:U/LTT*FO(KNW^($X#=M>15*@8*RMXJLJM4X-XH1)K4GW,@ M@^*V(JI3,Y@A"K!2JQ@HPN>N?ASA/NJ:>)6M.17;]4(<_C/"23H:HY%,]TK] MLX(.PT82^%/#[*B["2RNRIGMD*#EG5`5)"K"W@J%2JQ@J."E5X*%F692',IL MOBC',Z'EX1DS/D9?+OEOL'ZI1O%U(ZEYB*JC5G42X#PY51M>'*NQ.I=6R1M<='C*[&5K M;^-47=A_;9^)?T[!^VS\2[-FMOXE8%U:_CM,_$OZ(0]YGXE_1?>;^)0F7:R[ MF/B*+WR'60-"L/,'Z#05%K@J"%V;>CSIYO;(?`&G(Z*U=K ML_3@B1%4A5+9P4"E1?GR"ZM_BGQ(O^K!4RZ50V&"#:N%@KS[Q0Q'<&>1"7[" MCD4>(JZ-;_I>1BVE:.=;:BU;52J6Z(JR*%6JU6JU6JU6JU6J\-:K45=I\8$/ M=^Z5;.9RK6U2JN'O4NN%.L`XD.)./'P>U4IQ5D*T80P4FG!G6=9UG6R*%4,& MT:51@HP9E`05WOG=\R40QL#$^[Q'0A*G&ZRY>D/R*&I1:^*V7;2S*TXA6<&Q@C,=0@R M[S0Q_'&GH3KO/>R#JC2K0@8-045NJ MBC!5AA%4*M4OCS*G!$%.MFD(3`:_3DX"FOTG([Q[@_=:GQ]KR#@)G(CRX:,4 MA6.7@X8T')A.GRG)^93>7S9&'Z97D:HZ7H!:/JN\617?PTY." MIHX\ABH)D*^K\@3??@O=Q[VW_4EV>D'R*QI4"CL&A6FB%.+%-]UW[J(T*UAC MC4X*U6J\%:N\SC=]UQ&3A3LBYTWW?,A^M_A3\>:$#Q8"H\>,WW7?NIV0R/>F M_P#Y'91.R.6_ZOF1?_\`L?X48:P?$FAG^H?WG9/%3[O MZP`/3D5G2I#QG$%;_P#V?\*<#CLD^U1T14RP/7770V5U;H4A%TZ)!&96F[JB M5:J"K&"2R5"VYT*:H&OH30^4TFP(\JLF4V*@9;8+LPJ64JENRMPJ-E;JJ6VO M65;ELN>%VCU1-R*"NSN52),P19")!TQ-/*MJ3+^R%LRY8Y@ MH@-C@J"W0MT*TT"T%M2@/="W"MQRW-86Z-2W#J5NQK"V:$(.@Y-OC8S9C,WA M&I;(TIP8!'AZ,>H*H*H*D48-FK&S*H*IJV@%4$Z\G<`5\GR M^SZIM?O9$":E*GC=E3J?VK1'0I#QNN9Y3@V5$K/@IP[*K5:I@54,&U2%L`+; M%*V5MQARE1%JA3&&OA<^"C)YG(KW^FW][(H*8=$7?9B%=Y>AGE.$Y"8Z5-CH M\RK5:K5:K5!IP4X2Y052-O*'05Z:-WJV_O+9JP&TJHA1IUA41UA9]84"#K"H M%/*%5TA0(IY1@S*T3#B"LQ4(-*S8+Q'_`$)GC4DFNSY3A.0TA33X9L>M4X81 MH464%;[EMN)5.3N8W>5ZCFEM_>42_\`4_(O_P#-_P#NC\"B>[:?U!^!69W=Y#/U/R+^A=]K\BC,N;[7O?D5 MJ7=']9Q__0OC27,Y&G\*A&99_3=YD=I]K],HMEB89X_AN\R_ZHQMEAFN:.0` M'RH*]!E8DO&M23Q>4X2`K(KR".93'NJ/HX<,.\PENE7B=)=!W M6-'WF+;I=CPP0%2ZP/I">]Z:YM7S#_W68'L_U:/&FW89E4JE!1R$\/+R=[WT M@!.^1WG&!H%7.O\`;SK^F\/M*,BZ@N\/K)W=/4!EU>8D<=!TQS!0=7P. MS4@XJ!J*=<)[8S/FIA'(6LX^)&QV8394*`@[/DCHI\>&I4D_6R>:\U64^%5K M!6J"J!5CP)I5:K46U87,]?K#X@C$5J$*%3D="=:3^'E!OJNIR>;[J=[V(['B M:\,!A?RE#WLG=PT5URIFTKMEVRA\P(K8G@E;+PQ(-S\*_E*'O9 M-!$<-9S%/.A9D!0GS(;01=G)4"3#BH6\=:K5?#S(^RG>]B4*&+3CO/&?$OVL MF,$<%'"!3,`4S'HPQ52B.`F>ZG0]K%/+PC_>/B7/DST_PT<,%,P!3,2LJLK. ML_"9U-/\,GI1>ZLX:5M)T*H\)-!K"LG)G%/CX58(#$I6RJ<8*9@"F9)-_1/C MQ:*T;5?"39?%YT,F*F#/_=CQFBR.-1=,8WG4.NEZU6%1A">'T'`%,#J"$<.+SJ/'DP4[PT8ME%V@*Q,W%Q*(K5:H*K5:%*@XX*5#)'2#N%A'E4 M3BRY['FT]@.;.JQU:C:I40]BV',+E+F2&MLO\-*HEM(YOQ*(DAQT1;^)47,_ M:E_C41<''_F2?+,1>>[GP'\23_[BA_TZ9]N7^-1O5T>R(SV3IT.4&2'078.\ M.==@[PYU3(=!0$B9976/8YKN--AGR""FMS?W8MO.G3,]@^)0-&7_`+)\6-(I M,>J;XEM.-GG5)-GG69-4BQ[*A9)YU0QWVO0J63/M?E5,1RT^3!5-UG\*V(QX MZ_(A`TJM5X/C$`J3U#@=ER;:R&;X:,7G3_0F-MEP#6!B'2F M8_T".4>WQ)O`%7%S9G\E/75T0E8H'T,JD=_6?D#$M8#DZEP?)3"59EF-OG,Y M"$E&4LU#B?QM<55BCQX7RIH/.LF[M4KY<32BK>8 MH^TJ9"2ZFDIQ)RI4T%B8;2HB8BM[N]T779+F==E;M1FF==G0ZNBJ'*;?MTM/EKJ MU,O%O$GTMJ3%/_$SO+D[]%7*R/+:M[N\4O4K_P!;)LLSCM62T2*_,*'-J^A8&)U@F@*.SK5NGJ5*0K'.:I1 MEU9W:IZ-ON76T%)3C,*S+*>M:/>!3N8N5%(I[>IJ&5FB90I(4`E0!PSDJ7?' MO7WAR2@6ZWE2ZCN`EB@["UGU>Q39MOD+0JOQ.4YKZ=AL*]"#B,E:0U0_Y%[O MYK6.*W:*7*T9VFJ>6+TM,IJLP6I5F@&.ZG?+O-W>S-;V?_5#5=E.6X=_E-3F M&5+S"I2ZJN[,,-&\WN9+P**R(0FJS/.,A6J5F;Y+4J2D\;N4G-&P.,D0W399 MWP[J9LX^I*&Z%>8T/:G5N'"A"6LEGT[0^4D09MXP+U M-[4N4=9/1[>'*/;@2D%2C<$B9Z!`8I:9]]T_B:9O>N)&MU?JF$\:C"'LYJ44 M@L)IJ/#451XG*MP%EH_(2KEARK:I:*B12M*=J,SKEHQM--IQ.//5U4KT#:4B M9,TI$.,MYXYWFK43'9>[#'U@B8L_6+CE-E4I_!>4>*,^_B#W/K*>I2GNG6Y] MDE8IL/,XT4BW6=\PKSV7!A<;5:E:2DW1W7RK._XD9IEC>9=XLK80^'.Q911/ M.5K6X=:KU-(-8]XV4(2ZMG."!B*J)[+JRC2M4IJ">TNRGQPC-$6HS*I[I5Z2+ ML-8INH2>AR.[(``W5;WB;5(7GZ^KW)G6<*X[M=]<^JJJG[P]VSEJLL0QF5+2 M,/C+++6*JM M[PUR6EYL^X1*IH%%,TT#-%5(4VJG:V0M&T5JVH[Z%0255;65Y>V%`*VZO.LO M;)`/G(;Q*&HB<=E[_O=T7.]E3FU>:AOO!F)RNM9I1NVZ)JDJ'JJC&Y+2<_NBGO#D%8A*Z7.JK)ZW(%5K6(HQT^;4E/]4.A13HIS%30Y>S59-WAHJ? MM53D>8*;<6NEQI;754%4U)NLIVG'$I7LMK25":9&<9E_"WO3_#2HHZYS/*O+ M\GS?+U]DS9FA::75,5^5O9-4(K1:13U.&FK!Q M(J4@4[Y^4$0IBIIGV74_B*ELLNRUHGZ-Y/&DP4J!2H7@B1',?;8Y1[;:IV-M MUY]%.TP@I#KKKG43B64MHQ:S"'L]=!-A.7T2R!R55;8XYQA&$<55'D6 M5I5NJ:G8:Q55?4X<0IZ.D9!?K*E21:=`M40+8S<=Q.Y>:-.MA#5)WBSDM/4E M$I3J,3M7EM(AYK&JGQ;L*J9!9!((FDM/YZ&:VM?IJ[NSWOIL#;:'JH,;BI66 M6PEMM&94%0AZ20$I+A`NCNMW8[MU%7391WHH\K4ES,7>V*H:JIS5[*ZE6\"6 MENLH2A#LC;-1$Y2C^+7\$.^N-EM[*.\%)E&/&XC+\_[.H&G8,OU9G[,G&E]7 M>85"QU1BG_B'E37_`%7NAWPS>ES-;`PONY#4M90MNH*D;:E91F+N(?!;>6;D MQD>?.N)7FS#?U1GZ;)ISC+T(;J'5#S>W-*14@:$O2CO9W:S&J8RS*LQJ>\61 MM.5;B*>F2U45+>=Y#C<<(0A3[++;:)FTNRTQW9HVLXRY[/:?O**AG+F*EI^L M.7.997-U=0III2E,L)>W`Q*D%$V1DV2LT[KN>_Y%[L9C04LO3U+V3,T-:Q3H M2;2_6T5-@0-*EB'NY7?6FS6A=R_-*ZIHJRDHC5MK;JUA;])5L!:*FGJJ>J"_ M-*2DVX2+>Y3_`'/R[,7,OHW^[V6M=K92AY5%EF;O9KFF:/LM+=%+2,M5*S:J M>%$S(G#%%_#2EHJQ-=W:S.GSC-*]_=(I5KJ\GQ4=/1!#CCKH[/F6)Q2PB2A( M3OA'<55`_E_U#EE%W2U:&W:EO+L]6^*&IH7$-)6\FCS)U*"E21A;=!)$EE26N MX5'FK#_>0]X,LJ\TRMDJ6]0Y>S05-6A=60G=M%YRIIU(23B4#.4=U>\%7F.< M(KZ_(*',\US3+XI%H)JF*-R@?2MQJIIWFZ%2DR(4$820)QW:[GT>\J/J+)U5; ME.R%.+.9YZ\#NMTB:EN"AH62+/QD47=W/>ZF>9:,JR6FRH9:S3T&<9;5M4-& MBE32A3KU(L!T-2DZSAMM,9QWJI*$T62Y1EF;+7N@>R4[^9[.AU+B:9Y3KZ486J="@II M;J&P!APN8Z+,_P"(/\.,7=G,-VMG-,NRK.84G;$T3RF?K&E1O"P[VBB*NUT3S%0@MJ-FT+"1(PM_(G M0J\B@K5R4.*EKKQQ)VPM MC$,.%16DR+:TJQ,K2?YQ+@LC+ZRNIGJ2K=83VAE]LM*WJ=E3@0H`AMZ6-/$8 M[I.9TW5U/=9.0T2Z:F:&9*C?"^Z7<.FKNZ]1WAKTK2O-J1 M]FGS7,'%N"FI4UCE=7;E0WQ;8;7ND6A*;3(_PM[Q`6,NYNPXH7_D57DU:95G]=W]*\.9/\`>/.,J^K-P_6+52YQ0Y#EE4\S0TZ%N5CU,U6;P-W& M4S989E MG/>HTZTN)H*OLU!E;JD'$.TT]*@U+Z)CJ;X(58]X>YG=RNS!TXGJYZA99JWS\*HJ6-R[4*XUE4.([L9)W=R M#?C"^O+J>CIJA]((DE^I3^4/I!%RE&%/YAE?=W,:A8`6]6466U;RP$A"0IQY MMQ:@$"0XH<9R7+7*<[,0Z\ILRF+!,F. M[G>3^(?=K.JOO)G&>&C[154^7%Y5:U6]D$JEERC4XYOVEI2X&R%RPI5"NZ^?4V7_ M`.8*/+$T&?=W:AMLTF;4"&TT_P!8Y?3KV7*-X2WC8MIW+.K@4>\_>WO%DF:9 M&QW9>J\J[N46:LN,/NU.8[S%5S.Q5-4F4+"<:2IM:ZB:3L1F%7E],_4UB62B MG2PVIU3:W-CM*DIF=W3`XSR02[.4O1J)GC$YJ7/X:EFWVT.4>VWLRJ6TNC+6 MF'64*$T]MJRX4/$&\T[3.SJ)GHBARVO><14YAAW6!I2VVTN.[EMQ]8]6A;MF MFZ*Y?\0JS9YUQFK759>W3,*0MH7E-6XS44G>3/LWI:PTZ9*9S--*[GA"LOJ1/"HW$$*"39'=_)/X+4U._ M6=F9H:UCNRX[5T;N>FN4*%%#4!UY+]>$$!Q32B@;-N(*EW+?_P`T4>79=E>0 M=ESEBM-14-TN<*6TJKKLKH:=M**E[,!)*RMUL`4Z;;8SBFHLSS//7N\+5,SG M!S,4R>Z6Z%@\BG2M[_P`N"*-G+J4:"EM^M=^_6IIG M^3!_ZK6IXJ?LU$.;<-8_''IJVN=G_/9A6.>+>`1:4GY6\7^$X8_%?1#WX_%? M1#WXV2D?)WB/P7!`W-=7-2_F3^'7^8G[#3(FEQQ*3+?..& MV<=Y_P"'?\0D+[J9N]GRJGM^9,J;ITOMTK-$[E>9NR/8MP:?&TXOT*@XK:%F M++,[_@AFJ3F"ETV85'^7WD5&4T_>&HJEI[+E#E.2TZS6M*&_IT8F9N%`L)0E MI3R0AXM-EU";4I=*1C2#J"HKJ3+7G%O4!])O&5-I<1C+>^8)Z[6-,M!A%;2M MI:1F+#E4IM``2FKIW$IJ%H`ZH?;=23\:9]M#E'MMREKG`S2US;5.X\HR13U# M"E]E==/FLNH<*2=!EHBBS"KHJ:L?HY.4=0H8\%H<24D'"XC%M"M`4.TOC[E/+"T=N>:95,;BAG04\M14@FJ='RE03O, M&*_!83RK,UGIB:B5'63,^/@=I$/LKJF4I4]3I6DO-I7+`I3?6"3.,X;JA3L_ M5]8=1.Q,VS*R"6'F7@+RRZVZ!R[M2I<&)2DI2 M+U*(2GI,A#M(M@5B%Y7VZA11A:JMRJWYIVJ%2,:DO*JU`ELIEU2#HCMCKV/M M3KSE(CLJJ9`IF5)84&5+'Y5@>GC(*L"E83:(33)#I4M-0I#NZ4*=?9%,HJ$( M>,@XMI50F>&8XYC@FDE)UI)!\4`[S'ANQ]8?)<3)8//"$&M?QEEI3B4N.[N6\W:"<2\&(3E=.*RKHZ.EH% M51+U:^D!L*D5+)4I1PMM@J)D))@-4*PY24C*J.G=%U0M;@75U"/Z'92A)TRG M[:'*/;>-I6%7B(U*%Q$=G8JZQEHB6ZIZZJ89^B0O".:"]6+PTE7Z',98U^B4 M9LUDMM:UTSM]YPJ,+8R)D(O`KJU.)Q7QJ:A!Z"X?N8+]54OU#FAVI7O%)&II MOU+">)(C$M2EJUJ,SX_`[,IAQVAJ\M6:9RF3C>;KZ=Q?:$+:2>T.!QAYLHW< MRG`;-,4&:YG0YNWN6T9?WAIUHW5:Y05ZZ6IUUM"ZUO-G58K#%1W MBJ*"FHJK,6VTY+E]73;^BRO*Z78RU#E"%-MK4MNV?62@[,IF&BTJGJ3Z-P!# MBJ;.J8-M_E;F65E.VA;OI5)DT6E-$':`%]4]6#M%;3;MNC;0G=KS==5C108& M4@EFH<=;4A]`'HEMJ/5E%*[G3S.8/N(>J"AS=*IV]T<):H,M>[0RU3L%["IS MUBSA42#?5(1DB**IHW<%%7LE.6U-0\TPVM-6S542`XRSO5X>K*:20FZ-^TEZ MLHT5RJINK;1A1V?,&]WFAJZ6A2I3#K!(G4(:`599BE%=]2U.Y*&?JBA4[3%N MMZF)ZM`WZFJ5%3NT;M)F6&6$@!Q0,+R-EQ3CF34>7MN+6K&7$N-+0E2E6G>@ ML;W<;:BA4B)C4;X)422;R3,GG\%IMG,ZW*] MVIQS>4"DH=6YNBBGWBE`XF&7%8RBYR0!LBJRNHI:K-F MD)]$VR;2XI%BE"VZ*-5,KL#%4ZI+:4!M]-55/M[VFKG>U]H0YV=EE2]H=0VR ME"W*IM"8L4M8A1J6&$%YF@"6TA"4[IM MY1%JC#U+O%,',WWWL*:IQMY;ZDI<>52$KQH(",9#=@M,KXHPZ4_6=&T]6T@" MEMNBG=_):A6SA2[3J40%(,QBPF5T53)9=3N'54KJ*AG"EU)2"%MSFA^F>0NP M\QC-=#;'=K*Z*GI6%-J:HE5!P-II7&P*=CMF+$I21()E9"G.TH["*8- M(H@P,7:0[B54J?ZQ3NAA"+M,=G2*EVHSJOJZB6%50X\^I&]>+CD@VRPRP@)& M(@2`%IA>3L4DF:6F:<>]"&Z%#547@W3M68'75%!*D7!)GQ0K=,KIORAZG;=? M0A4TH<2PFKW2W&G&VG',>`2)<2)@B:9YXXRUF0?=>RFE2*(H7E5`&J)Y2DNK M*GZ%3"*=QA<['5%TX1H#]/F=+V#,&'WD]F4=MVD0O`U6)PJ<94EW3NG'4)/G M3V1_H$\"BL*GC MQ-2Q-8%CC"HJ%"F?8J,RRVA=PNLIWZ6\HS5VG?0ZM+JF>S5#-0E:=NV^TV1V M*OJ3C74=H/87%4:G&6*O>L-=93I:","'3YQU3BIJ\L1VEU/;6Z9#V*F;?JJ9 M;K.'$L)(874-RQW$6B*3&RFLK7GZ=NH#/H::F#NU4.3)4K:JZ)UQ+2WJ1 M:%=8I&!0*3=`((((F"+00;B"+P?]`#E'^@0NQTJ)"4AQM,P)I*TXE#>)0X)& M5M^J"_F-(*3,JN3+^85V84S&5J4A1E0Y96#?T[5(W?):D/.*,UIG*515Y119 M=3,N52F45E:K,*A>8(;0E?:*)"FJ'%1EQ:D-J)P&6)(*8549=5]BIJ?-JA] M]U#`23V)>7;RH;IPT4X3@G.V,L145^2YQ6U=92TJF4I5D[Y<5Z1YM#RD5=/4 M--,-+4Z0RA>&U-T8,^RC.,NK#3!L=F6UF]"NG+F\0]*@?4I*L0.%2VD+(G%< M**K(<1DKZ,O=JLNJ*9.%>8-/*!IWE-&I51IPXB,.(&%9BQV<56%FA?J:E3F! MNA:J2Z^TV`0A+A4LRN!5*9D(KE8D4RDL.]A>P*JEEP4RW"XJE`;F65IL1BVY M:(^IWQRC_0!!N((/(;#"\;?K!A<;X4E8A]S+BGZJRQUA#+J`Q@R]EZH<&]6E4G5N)DF4H MI33/Y2WNZ^C=?HD-/(8J*1IW>/-5%:_VFH4A6$;+;39.N&:ZJS)X9M3/,O45 M=3M-I;RS=NI<<;RVC>W[#:*A`*'%.;QQP':)$A%2$J+ZZE;CC[E:5U-14*6E M$P]5+\V>]@I,PH, MKJZI&5TVZ355K+;N];0M0J5TE/CDLX,=EB513=XZ*HS2KJ:G.JK*4TW96C38 M:53J^U8FYU`2Y3)3*8ZYU1W4R(9EG`1WFRA&9[YREH@[2*J67'J5@MXY6=G6 M'=1E*=L.*RK,L\<98W1I=80E[>UE*\PIUM:$/(2)$A6U='>-ZM MJJ^F7D64.9NA-&U3.)J&F<0<:67U)*7"LIE*R4XIVEX\+K[+:MT`7)..)0=T M%227+=F=DXR'NVW55E70YXD*17(98[0UNE.IKMF>X_(DH"U?%.N'LH8JG*VG M334=2Q5.)0E3R*IG'.3>QA"Y@2C+LD%0FD[[;99P4%Q(2E*R#-4=V\B9J:ZLH M>\!0@56Y8%4PXATIKD8`K<3HV2EPS-TXHNYZ\SK54F8T**JDS%IFF4ZI;C#[ MPQ(GNMQ^3*$Q,W1WRK5UF:-([LLJJJ5*6*,JJZMC%@LPFRV M,GI^]>?YG19KG-$QF!;RZA8>HX->ZZ2\M1`MP)LE=*TY?F5%59D_4U M>?O914)2U2(H*:CI"I^KS5=0XH*:ID9;K.35M5*:W+6*7,,O?;$Z0J M;*C3.T]2$J,TJ40!KLC-<\R3,\U?3DF;HRBM9S>@8I`^XMW<%R@>IWG$NA#A MN-LM45B*BL^KLMRK+ZC-8@4IW;K)0E4DXL4[+(SP=UL[S.MS/N]2OUU2QF5" MQ3TV94E(LHJGLM=965IP2L"[3,:YQEW?2FJ:EU50\$5M&ZTT&Z=E514TB*II M;9+BFE5+20,7PX[OYN:NN=^M%LHS&D>:IDO9>MRC;K5,IW:I%\(*I!1U0_W; MH<\SKZ[1E'UNR:O+:3ZL4@TXJ6VGGV7]ZTHI4)G#(<=T5O>OM*D53!?J*3+, M*#VK*J)YBGKZX'UDF''%7;.QQQF.>T%8_P#7%!45#",K6VSN*XTS+=8M%*L* MWZGC1+)`EUTZK8[E)?S?-J9KO;3..N/.4]#@H70X*5A$]Y:V[6S$S)SNJK:NDHQ5M M/]BJ4K:2VI\TW9E%"TI60%W<=D=QL\?[Q4]0SE&1-4V<5BJ?,BLU],Q4H<,C M1!QTUCM7-)EYIG*R;K]1W\<[T5C>93RK+D4E:PQ1T527#4N.KK*5J;B$);2` ME73'?3-(W0LD3Q1WO\`3MU><)S7./\`*-8E%1Z/ M+N\:P*Q;!=;06>R-I)VY'$1*.[JO\S4M,FE[I4U#F56*',7P,RRMOT;(;4PP MM?;-])*M&`ST10?6>95.34@6XM>9T>/M%$ZAAQ5,\WNT..65(2#(3E'=W*L_ M[UT7>.NI>\U+7N9ZUEM4VG+LCIDXWJ5Y[LJ:BI?JUID$A)M(Q'9G'?-8J&ZW M,FLTKZGN35);J04,YXSV2J+1<;;W'8F=LA>&:C9./X5UV0U=+DE6:/,B_1569.(6TT6TTA5/*E,6J\X%,IF=9 MIWZ/>"IHGJM69U[M'7HIJ.CIVU=AI:="Z,53CM0[4+G9A'%IS?+,USU+F8Y- MG=1F'=ZJ2S5(I/):G)W MJYMM3QH7'+6:E32)K<:3,SEQ1D>:TV>_YC4AZK:S04&7OT])3Y=54RZ8+9C*,Z":>NW;>:TM089I3L9U6]\OKNEHG&ZU:F*!QEO+MT744ZV0EBGVI8NJC79#>7Y!WK2.[] M9E]#1U"J:E=I^S86Q35G:75T+>8+97UY(4J:+.*,MR2E&2.]S:7)DY*YG#E! M7C,30N41-:SBP;P=HKD`E`:*5:]2V,DS^F>S7+.^_P!>9:V&,P0:S+&J7ZN2 ME:ETJ6@:EE4UH4H>CGILCNXO(#NFJ?+JOM-'@=;.75596=LWT,J?>4 MRV9MLJ=<4RV=:&BK=H/(/](CE'^J`Y1_J@.4?ZH#E'M\%0FD$$B>&8%XQ"T3 M$(5F?=[)\@K,QKLI/=BARNF4G-J')B\TQ79CG53ZU=)5A4FE/X2I9$?Q%R9O M); M!&C2!'\,,G?H\HK!4YGFC%95#+Z)SZXH.U(9RU^I5NU;XJRZH2;9^DVKQ..^ M7>#):3+UY?7U&6'+MY1TKE7DN8(S->7Y]ES2BE2V&L3:5(`L`7LQ1T1RG)^Q M+[F)K%4GU51=E4\K*7*\U6YW.[WG;$]?5LW1F#N8T]$ MPM.%FJHF75)>6*K-#NR&4V)1JC.UO45&*]CO519;VERCIU5[+;M/O'Z9-4I& M_1Z=G0;+1IC(*:JID.)7G5!2U-)64Z5H4A^H0P\T]3OIE,H6;Q88[4U1Y"Y6 M*[WU]-EM7D.5II*>AH)I\G>&7 M4G=UUG.,JQ-TM8[7.9DU3BB73OJ.$I498',-\9_1UC7=A"W[94US-.VPBC*EXL.(S19Q')?X?CNWE%5D]?E%*JIS!='CSFI>J< MO=JG,U9S.>]:#3KVI1M8BL*E*4Y1WM:;[NY&MK(\GSC.$15UB::GHTU50Z^*2E3@IJ8.**MQ3H\UENX#5[>'*/;[;J+%M.(=02`H!;: M@M,TJFE0Q"XV144.9Y@V_3U>Y%2$9?E].Z\*=U+S*5U%/3-/E#;J00,4H.6U M^8[ZE<[/VB5-2M5%;V02I>WU;3**FMW$MG>*,9.ABJ"4Y!55-;E(+%.OLM35 MJ2M]S;:5OL2T`R7B`T0*3-JUNH8%2FL*6Z&AI"NJ2TME+SJZ2G96\M+;A&T3 M%/D2G&3E=+6_6+-.:2EF*PXIO+?W._IZ9_L:'0$D#?-+WV`) M&`KQ%$A*49KEZJO\ASJM3F&8TJ6*=#+M8EQ+N^;0AL"F*EH$PWA"I6Q]4#-5 M=D%)]7A79Z7MJ:"4NQ)S#<]M%/ALECNC(ZC?TX=[MMAK)E"@H4]C0`)#"*?" M\4E.(%>(XK;XK-Q5T8[?7JS2K"\HREX/5Z\,ZG"[1+"5C#9*4C='^8`^DYMV MU>8=I6PPX.V+45E[<+;+$PM4QLR2;HS*G>J67&,WKVLTKV%45$6G,P:P2JFV M]QAIW%X!CW>'>>=.9BII:ZMI76JQ#+55ARK*F7:AIAQMUIEU]FC0\ME*VD[. M*4A*Z!79JZV_5;ENGWK=-34LVFIAL*33--(64),@2)X;+A"E57,T9L[*SF*F36M,R$@`NP71E-'3U;;+&15?;\KW=)1I=IJHE96YVC<; MYW>XSC"RH+%\XSE]EZF2YW@;6UFQ^KZ`IJ6G<1=0ELTY13I<4J9W83-5M_M\ M!_91^8J_O`_LH_,5?W@?V4?F*O[P/[*)=@5_>!_91 M^8*_O`_LHG]7+5LXK*E.J0D^<<]9,O MN1EDXE_E5U7)G;?^&0/_`/).&>+_`.?,^;_^,C"KNHKS/_GS5RA.?ZLT0TH] MUW=L**@,Y1Z.0TGZL\XQV[_)M2K\L[+NOKQD6;K>[W']6FSBE'[C5/\`W`S_ M`(3'[C5/_<#/^$Q^XU3_`-P,_P"$Q^XU3_W`S_A,?N-4_P#<#/\`A,?N-4_] MP,_X3'[C5/\`W`S_`(3'[C5/_<#/^$Q^XU3_`-P,_P"$Q^X]3^WV?\)C]QZG M]OL_X3#E`.Z;]"44RZ@.*SAI_%@6E&#",N:E/%KC]3N?WU'Z-'ZG<_OJ/T;P M-/!9'-[//3KXO`'+P_R>?7X;"<2@D3=LGMAM3(&WV35QPQ)`"A5K25:5)2T,%G M/[)0#72Y@#_=\1\G`/8+N&^?L@B^?@C5PV=/@;1*$!JRR>)0<;LY#!T:?)%T M3E"S')`MX!RGPS%6`+Z1]`ME-196)@Z"(+%2M:G4)3AF4FRVQ6&R3)R6Y3+@$AJC_`&1;PWQ:J4>2)GP!PWX8 MZ\=?IN@)"&\'%.--^F#X`Y85Q0.&?AONR&Z2R&IFWTBW)Z>),8O-T\D*F,1D MY)7W*BGH@`G;EB4NR8,Q9JA],I-IPE+GPE:N:+M`Y_8.:#$SILAY-MC+H&$6 MS+:KA9,Q5-.+>.V%>E!0981@V)D61/2;_9&7)W5:V\-O6W25$VIUEOZ5#B?(8`5?IY[H'+X!\"R+>"R^+4SYXU>%('690GFA/)"AKMC M_9!3>4]8:H492!,>/FBT]%ODCS9:)V_[(VCBXA=&J+53\%+?XIQ:<2O.F#=Q MB%(/V%,I_A0L:\0YR!!.LB<*^6J!+5`VCT&.59(Y(/AIY8J`1,%IV8OF,"IV M"TV14%+8;`6I`!;<1U`!U5F8B=O/[GL$_`"F!.K7F.)*BEL)PI;P*25V&Y4. M!QA"4I)DO>-26-&$!H65&\!'NW191/&\772OTP/R%>U M\3[)0O!05:L+6]DML`809$[)(,C<+X6$4;Z\*RG%NE(G8/AX84KL#\TVD2%W M%;;&7552T^Q3T[BZD+(P^F8ZK:YVR*X)Y!SB!RQ?P8H,<\7QS>%?$H(\"[01 MT\$R-$HZIG*\6P9$ZKKC!LM,O%&+0/-)E;K@23.5]MXU18Q9R"?3.+4*!X_L M,'`F+HM]Z+)2Z8!G>9:O+=`2@DJ-TD8D\Y2HRC"AI:KSZM*`++-0 M`V=1C5K$A$Q.7V>*!=QV7G7&"PZ;O)$EFZ4A8$V<6N`>?F.CQ0.7V<^!+@)E MJGR3`BH)G8HE-ILME"A*\XN>.J(ZHC5R1U1'53T1=+DX+4@\T-3;00%IL*01 M;?RP5=E8G_5)ET2CT;:$?(0E/D$7Z/L$).$;"=KGNZ(;D`)WRTV&^++YGH@2 MVIZ!HAR.9/!+1'0."6JT1/5X$M&(00?@'7JXK8K2@2`?4@';VL(T[R2@;8Y^ M&V+()X.M*)Z?`DK19=+C$3&B)Z8M3(ZX$]4;,6A21KOBQ2CRVQ#E$F)[PFQ,O1XM$+WAL!U;M0Y3;') MP)\<&+>$PB';)R;7LB\[)L$K9JC,%?\`M;OP_A$>?JN\"_AGIX!R\.OBA*6T MMC$;1.=WPK+XVF0>1>&<-L[HLK<9WJ5S;=;P7;>U-*H`V4I^&0A0Z`J<$]H; MMN]&;/''YTU/^K<]PRB7:&N=M4O$9QM/TYGJ;7,??1^+@KUE*=A+"4Z[5*4H\_L8D-,80+28%RIZ1%IE%_\ MI(\L$<%X'!I\"4AT0=7!?+EC7X-_'T0\L&8Q3YY^2!QGV%B>*PJ58/B0.$@6 M!*T@\F&9G`0`)$7P8YX<^4J$?)$6^8F9Y8XH5"8MA7R1Y85SPGY(\G`GEBL7 M*ZF<,K-I5H0!.S:BM:.+%OUG:"1A"MK#LV&4_!E[`W+0XM)^5>KR\%8L!4EN M-(.()P[().&1G=[).+)^Y%LHLEX6GA/!AUZ8$I<_@V7P+I7&%J%BL5H-UPBV M_P!A9F9=;\#AMLA10;<>C3L2$^4PG3-8/-L^*$_#%_%\J$S7MX[0!]ED*^4J M$A9MT#B@_9TP)0829&6N6B#="I6^C@I*57BVWG'`.6$\T9D5`*2*1VQ5NUA3 MAZO5$X?498RZK%@5C2-0GKX;XO\`8$C6H>6$!`2`5%6SYTP-L\O`^D*!6*A9 M4C"`4>B$C.]4_9.;W>"SP3&J+3')P@:X2-6N_F\,#CAT'JE*2.7V)F9EM)'. M;HEQQ/CB>J$R3BFXI)'R;H2"@I5JEI$M-^F#9:J)R'NPO9E:5=,2L)`')9QQ M:E-D*/P?'R1/X6OBA@>;@5=<;K_OH=2<("MI',K#+E@(P@H#>]GIXX>4F2/5 ME*ISOZT:.6!RPD_&2.F,YD0#N$8=X9)M+<]I4@F'L*DN)F9*0H*3QR(O$^#3 M[$CY2;C+3KT0SB/XO2K$>F0X'JI8*>UO8D2MFTD;H&RXE6O1[&8^S7X-G!S1 M;,QI'!=%PA(-XO\`DQKXS?'+X6B^+-+,S]R?M\%W!<>"Z+HZIBZ4(&E&%?5T MXI":IZ((.A2_Y(CG@C7#>&STC@Z'$F?+M0G2H;Q1Y``85@\WW^!P$F#_`%>+ MGLA=OFXH)F#A'3"!*>*7-BT\D)"3,[S#Q>;=]["VTBS>=%JE'%.\3U0I(3)> MX*)Z)06.L0E!^+=IAP#S/L,3U$>0PCC6V?+&9.$RQ*8039I6F[%,`V14KQ8T M[Y5L@)$I$[@`2K@L@\46^P``R)L!U<<4R5%)4EJ](-O+,\%+\7>I,C+JO'59 M[&HPD>3B@\WEB[P='A*Q#\7HOEQQ?X=ML!/]&Y9T2L\*_AN$4Z96N*"35"L(VO.&B_1`1*U*$\\]6N$2`LD>2Z&2H3],+3\G[<&[K+%OP9Z M.*-GJZ2+YZ86HR2%G"9VDSNY#"978CRJV%2''"?DH,M1]^*UC$&PX]1I6XK: MPI+N(X$":L8\"OC70VD7R MPPN?%Y(`T!:>;93?TQB!'HY_RC/R"#(8=)U0$X=C3KQ:(2=1QIYK/=@D7Q5& M8Q*?IB)F4R,5DX M"=_OQ9*-$7Q?'6,':-D$\G!+XCBN<2X9^&R-:7 M>1("+<7-`9"L2AHU).F.?@85\%WRG3&\5:I0>(Y+)@CFB7PT@\G%`MT0_*>Q M?.[59`2+2D(1RVR]V)1R1BYO)"]$((M*U`&?$A/O0N0GZ,&?&D_^*#/8VDMI MX[#;RQBFDJ2G0M,Y@6D"^<)EC5LD$IT3T&<$$+0#;B5U9_!A-*PPZ^KM./T3 M:B<*65X>([:H#_U54!.,I2E02'5)6O97@Q:S$SE-=9?Z!4[R+!M8A9"W6\IK M,#:<2MXWNE2^(E1FX>(6P5-935"2R@[Y`9,QIPN+2J4"E3EM7O\`>%K#N7$I MQ#3O%)W>'GAQ*LIJ9M(+BL&!:2E-^!07)2_BWPTZK+JP)>"BCT"L6RH(VT=9 MH%1TPAMZ@J6WG)X&2TO>+PB:E)D#-(!A)%%5'&5A/H';5(E,=3682#D]<%.+ M*$*+0"-&$J43LBV'J0Y96J=8,E[JF6M,P+PN>%289JZ^B=IJ=^80I83,$:%I M"BI/1%,LC')YG8$E8S,*P82+9C1"I!24XG!A5U@`JP&Q-W)P5W_O*/&S[((D M;%?!'!]N.M$@N4=>#:8O(BZ#A3-0-LXV=E9Z(`+I496X48H5ZTZC=XHO,`V3 M@>`8L@_)(Z;_`&)I2#M@_9TQ<,9VBK3;;?PK`M4DS'O1:HXL!3+5.`DZ!*)3 MY(>&D23/621!G>#?KN,:^`\#0TH5TDCWHES2AI/],3T-S\1BV+.#Q:8NBR?2 M>#[<:8^R_7R\`5+:`("KU`&\!5XG%TY71(DZ3?I-\>*%4M2PU4-':4TZV%S^ M^$H&ZR]AE+;[3B44[*&UDXVDWH`.(H,H40"!-6$$2PS6JPZS9P5:C6!&\*E%1T84^41*^+HZL=4>*.J/%'FIYK8MVOLOC7%ZNFR-,=8=,6&-! MXHL$O!/`9Z$%71%O+`.B=\7\48H2!H@:.&^Z$+-N'%AG8G'>,4[Q#2W6%)<< M0B:@9A1*B-E`MEA%\3*2-5DST"V-/08"5I.%>H%,U>;HMG!PH7/ETQM)*3J5 M:8GA/%9]DH4K`,:BGCMQ"`7#A-M@L\XGW8GZ0\ALCJSXHVYVW``F71"I:;M$ M(E<@S$`F&N5WQI`X9:=<:_8Q$XQXL(;>9*E"^1?:`&BR/MSTGC/!3GJE;CJN M7TQ\/K1?*+Y\(X+HEPV],7V"+.#9B^?B@XBCGC$DH/Q4XI_@Q=+[GV"HJ)!> M!J26S8DJ6M*9G290`VQ3MJ)FI4BL<BVF/\GWQ'YG(3$N37IC9I4DZC/RQ,4S:?DK<)\=D`EN20%3$NL?-'%; M"3NY.@XL6'%*8EA`.SLPE**=G80$AQ;96N^9,][*WDCT2*=HZ'=U;S`SE"9] MD5+K8J<37RF/24E,HSG:AR0Y)+L$3=RRE6=;;KK5FJ4EB?'`4ZVAM)*4H9#P MFDG6XL"G=3MS-Z"C%!9IL-0D*4D*%2 MG$J7G)24RE*,#:'7%)3-S"$*#5LI+4E6 M!$U1+5$OBDQ.+$Q)47+/D_V1ZN.K+@N\9@[%^LD^4Q)*<(XHE!B46Q9X#B9; M*L.(ZMJ8Z2(NEQ:N#3TG@N'0(LT\.GI/!=X)XY'HNCW-'1=&(B8L3+Y4'=X$ M;P6F0GJOOAQQ*"I09=2M"0,!1?C/PI<X'E`,98RM*UNO9K M2BGPSEB&(NXY7###FR$R7(BWW4IU<&%)0<"W=]@4M*PM1Q)"\2<,P-7L8XR8 M$6J;').<6F?);Y(F!&VG8%OV2MBU/B5[T=6"4IFJ9LMNC;V#QS@!*TV\<;"A MS&,^TD<3LS]YXX4@=96$#7:;++XJ"C M93+LZE`A*EF_SB#IAM.Z/HT`73MYHZJQ]RKWHN<^]7[T=58X\*O>BPGH,!*Y MX2,6KJ^R3!M-_@8KM9$\1&J,B.6TKSX8K%/U01*3;>'94J9&T>*%J3ECTENN M'$LMI&TN8ZRQ?"R[ESPW%*B-CT4I@7VG@ M'A6$<'6X!(Z8%JE#^K,O+!.!RV]2;)CQPD''M:2F<9ZQ*/5@\L= M3HT*++O:+5NTAXEOE*!.>L1EH0A#J7W13OA3:7 M-EZ]20H&6"4;+;*9G&<#20"HZ;HE(`_%IX+H'+"IA4A\5(\=L*33,.+F)=;3Q M2B6U8>I-$^0DVF`#O9JM3LZ)>_!QL.DX4*!PV)F+HQX7.0,J_#&Q`*4K,Q=A ML$_C:X&''9+&E6S9,`V\\+]'CW2!L8K%$\?PI0$!&[$K2YL`<0@H6<`!E-4[ M?DRM,*W2DR39:7-.J+B>0F7CC7K&E,=573&(H@`J%NB$RNNBR-'!MKVO1G#R09QU9>[%YB0 M5&F)X,7'$M$6*E%\^"S7`C'*T:)(]R,-J-2DV%/1KC#@;L'6P)F>,F5\#88L MNFF<)7OPUB1*6Z5LKUWVV1^L729D^I;"/O28V:H7VSIT7Z3884I*6'`FWT2" ME:^,VPERK?J4JQ!&"GH7ZM2U*25I3@:'P1&]:.8U*MSVG<,915*<0TDX)N)( M&&&/K7*L^;21O&3]2K&)+G5M2XH@&#@IN\:=SMNH108V0`+W,1FD2C8=KTI- MJ4B@<003;,D.E,H46W*X)T#LGB]9IB:!F3:=WZL,()QI^.ISSH&!O.$F7G-T MOSH'YX$Z<5(U/Q.3B7:*EOSL9HW%!)XPE9,)W.8(="I+)2%MR*KTE#J4*!$8 MD/-!.LN($^>=D%UJG6MM%ZT*"D],I1^5,+9&[#C:E2D)^<2FP`B)"V1]HM[N M\XE7RY)F,N2TXI#O;&<3F^`!!<1L@Q]A\+"M)Y8Z@Z3'4Z#$P3R3CCCUK@Y` M(ZR^;W8E?\J++.(6IZ>&XQ+";(N,6N6>.#B67-6B0CJCG,)%@EP9D`L(W;&^ M,_Z):515)(Q)2L*Q2^':D8M,)EM*4.K`QA/$![L'8'3`-O+$M42X9BWBCC.C M@3?80?`;!MFH0$ZI<'/'V<_BCK$;0,P)*V<6&T&Z2HDFP2E(6!6G:(VB)QB) MU6R.+DZW5A86RR0\-VYL#TC;FPM"Y2QI4#;.,VH*=!0S3UBTLIT(;4`L)$YG M"G%9Q1IBZ?+%PX=?+"&TR3C6E(E/2>6*5`&#=MI;OE,)`M.B9BI4N8=4W+&E MQ1Q83-*,%PL,6B1TC5[1IC.5JPJ1O^#9?%`VXG>)75,B6FQ8,QQPD:D)_!'L M&N+D^.+AXXN'AV<&CAT<#E/4(#C+R<#C=Q4@WC$+1&8Y=E[:FFV"PMQO>J6G M&M/Q_@SA(*3/C3(])BP<^@G$!,<>GD\!KY8 MA7RO<\(`RE*$D7:>71&TF52VDNJ2#Q%,XRG'/#VUJX3MG`4-(!\7MI MVH"GTJ>65J*"!BXMJ,)M]+A=E+45SD(:I`^XM:FPXJ6RD8OD!&*"X MXVBH.#`UCVDM#3($S"I\<333A"]YB*D>LW>'"&[.DP`>TSG.U[`F?&,5L#>A MYY`WBP@5#:!C4,(T'1&)**PAEO'4;Q_>(D?5#%LV-R>'X$\?5BQ)3.PR<=,YR^$XKP`-`,YQB MYHO\`1?"1%>HW/L4KS9^(6DMGHP>'1ZM^UK(ZXT`@PP5`#$F8PI*4@3,K"I1 MF1%73HV77PEE+BO5R<<1-"SYH7*_1#K*I$M.+;.&Z:%%-G%9[1;!ZY>V.0(V MIQEPQ!/Y6R;3(7^6&\-V!/X(GX_:>B+N#WHN/",7\F_GCK&\7E4K],M$41G- M!I5!`VIIPN;0.+ELB[P*IU7XI@2PV(FMW"C%BU"[AT<`Y?`!3LRU0B_:$[?" M/%P4ROAY0SXGG$^'3$A,@^U>)^<+Q9.*02EZ)-PPBQ(ME,ZXJ7PE*]P$.*2I M.(%.\2#(63(G#B[-I:U667J)NMEPV^#JY?`OX)RLUV1<8E(Q3M)DLH<<*RFT MHV925J,XR_2>U4^S9;Z2?G"$62LNL'B`2/8Y^SSOU\1@QEOQJ5Y7_F)%O1%G M@+2/QV[*_N4E20.(:>&?`.6/1.-.#6VZVYY%SA.VF2B0#.0)%X%MX@8GF@,0 M3ZQ$RHZ!-5D6*;*;1ZYJ?B4895=-M-G+;X1XX&J;2V?/V#;Q^'3V8O3M;(O.V+!%)UAZ)/7EB&RG4`(KTRG.FA1J^"+3*R9]G'L7;)+4Y<,JAX6'T"QA,_.Q2L%L/)NDXL2U;1UV^TJ>5I%0R9:5;8LAIQM86@EQ$TZ M%)<6E2?N5)E[7G,\`Y.#H\L4TI8.S%,P9[4RM4^8^"?Z0'%\D=6)SEJB^?") MZQX%MHU712HL,J:GM"0B?HDGJILT\`A0X_`LU@]$5P!4K%A42LIG-P!00`-K M`B=Y\/*^/,J+_G(A2N(^54.IV;&7#MV)L2H@J4+<(AXZW7#K\\^TD*%Z7$*' M+B&F&II0E2IK6&Q)))49&6C$+>7VS/BEPT50%.8WU.I(4N:$86QZM,AAG.WP M9_&^P>!;`EK'@)1\(RBE6KK[I*>5*=E"OO1PND4WL]!;`Y MO+X"%3N4#]DK;H94PV4L[MI+-C@V0C:V5BS;BZ.2_D@_*\MD2-EO#;R"#2(2 MXARA8;2^5H;2E16`XDMK&W+"=,=(Z+?=CQ],71X^'+D2Q3K&;-8G/R0`!(`" MSD`'N0M*1-120)J4$]`AX?TSMUWK%7>TA*_9ER[Q$-SOW2)\LA[*DF\X+^F*S,7ZC,&JFN::;6IMP21 MND8`0%#3$AFV:RV#8*<=1"0?,\X@GGA)9S/-VEA8*IFG6%HE:BUH83QQ^L,V M6X0`@XZ=,CQ^A@8&N"KL)H&7;.083'HN\+>[E M<(^'%L6")''][?$CB3RB+5"PBTV>!;X%'Q,5*A=?NB/.US@A.SM;6&:9Z3SQ MIZ>&T<$M$2,$"P&TRB=O3!)2`$#KV1P#B,^BV*-[1ZM/W2 M%J\LD;W@M:5< M-!XX1,S5NT8I:#*T=/AE1E(7F?V&`2AP:L9"4^,B)-H+GG;-O/9\&/S=2CB- MOI$S&N6&.Z2E*2G=.YFDB=J9L4Q5QF4HXI)`X[(F;KS:B5EMRQAT17N$2QUE M2J5EDW5'S;/:5(K:V7T*V+5;&U-(O*K(:5;-;27-H$*DH3M!N/MNPRBE1J(E MJ/HE3/-&-%XG;H-O`>!E*+PV@^_Y8E@4>/"?=$=67%%MEL2")V]:!YMH]@H5 M32#-P)Q$"94V4RMTVQ8E200)!4M(T2)LGX.OEB>\6C^C$CY8EBMT@H3`QH"I M:Q'4)$P-A'5Y0C:,3,[Y)EC">33(Q1[YQ)I_JULTC20K",;RMZ;3:Z57GBA/ M1]Z(J%`3*&\0&)*="IVK!%D5+ZBE2GGW7"42PDJ63-,I"7M++TXBG'5-)Q#K M"W1"3\0)]M\\4*0JV5WW!'!8(.N$)T%:)\YPPJ["G"!>!*5MTS%@;7Q3=GXP MF,(:;3QB95TG@M@6:1[!EP&AQ:SLA5B&U*-AXA$K2J6D2Y+.2+>#W8VU"WJQ MY."X>['5C;MTB0G]L0M?9&SM]5329KG>H6:([NA;882C*EC=I5_[:<&*.71#:1_.(&+5IQ<@C7)3J)_""7,.,<$C')P#E'L&6.G#A0Z9X ME81Z5)93RS4NZ$F6B1Y4V&1Y>&R.-/'Y(3:A8TG`H*Z)QLK3ATG=*5TQ/>?= M)86?%#JR\MQ24A1:<&Z"0384ZIQO&PK185S3;=AP"TQZQ_%\%+CB9'DQHBFI MZI2BAC*&5#>N.*5,M5+BI8C84F6N`K1AV>2*_"?_`%=9YA>>2#RGR^TLKP7] MK:OY8O\`L_V^VS]FF%-R,VF&9G00I(*9<@X!"[^L8%\H3),R"4@:P;28(4E> M+2-`CJ*CJJ''&E7*)0)*%XL\+3%YC*V9!6]K:=,MK$9.!>SA\Z:81\D?9R\` M;TE)7S!6&/<,X#KC:5!%ZBB91R$6RB]H."]`<%GN&.LGXQ"ALG41IBU])Y%2 M\0$H&!M*I)*5*6F1^(+9!4H)"DV2V=NPST)N!B2ID7@32E2?NDVSC*@?2![) M0<3J@M6R7D'"2B=@XXY+.*P1FB`<.*C6,6KDY8*1<"0.;VEEJS(`5C,R4A=Y ME=SQMM.G"X$$-HWBI+64AW"GS/)%VOFD91]DNF#Q2U6SU6VRC_9[']OP):>& M\=,66\0,259Y8L-D66\D<@G%3(SQ-4R^0J:$QR"7!B\4;SSXNT$P.6+DF.JB M/-B5\)PWV71UOYT6O-`?UJ)]`,;-0WXYQEM;55B6:>EJ$/..X3L!.DR"K+8*6>\& M4*,[/RYL3T]5>&1M@[K,J!Y(!GNZNF/_`*6$.MO;Q`Q,K*!B3M&:9*G;M1N^ MT--+MO)G))VS;T:82A5)E*L*0GU53M81*:O3VJ,)P4^6H&\2HH#3N`I'61Z11.W"B:/+ M+UR`2H8`JX-WR('+#6.@I7PA!Q;U:@75$SWA6EI,I1^I,NQ:^U5,N*0"#,PY MOLIRMV9]"$.5+13Q+GCQ6K"4X+/QK'H\KRD<954J$]/GITP15910KJ9G`I#KC+$@E,B<1<4?2&%H^J\I5) M6L8!UD)>=QRT25@E">R4=.R M`-M#Y<=)5IPE!3*"&Z6A:7H<45D<7C2I)ARKJ%XW5A*2KXJ9X1R)GP6]4:HW8N3TPZNX!!FKS9)PVW)4BK%.6)(AO\`+JPA#:4I4FH>F`$BSKV`1B1FE=+`$I&^ M>44$'%-*5+D)R@)7G>8E%X&]59_YAM@'Z\S3$/.[54`^)R&D,9U4K;3(!JH" M:AHC%YX=3,JXX1VMK+ZM2`H+G3]GQXU`B>[*DXTC2+)0XGM89:6M2FVV4MHW M,R9!+@07+!QPW.C9;>:34/*J4S6NH+SJ7%+=*U3Q*4+^#,"T58V&][)LD*-P MELVJF#=[3'-#Y_IWO^8K@MX?M^#S2YM7)!&*R^6+3R12*UTK,^7#[!HX+N'F M\'7%WBA*TD85N.)6C6DI1)4ON8L%O)'G@\4Q&&:N><>M-G%%BRKBE`E.\7<" MN67#+3,Z2;R3>?:6)Q6!"<14?N%8?Y4+.M1/3['S11J_H$>*8]SVC9P M`Z)^68AH`&8<2F>B6YQ'C@7\T7_?1UD@:YQZP'D/`)D7\"\5DDK79I59(<1M7X$)O3Q8HMO$9J1)/H?/!MPN-K,I<0@D2D3, M1>!%_1[+;P:8EK,BD@$%)"DF%`:5+GQ2419[']G+%-MX[%?8\$_`'` M>$^P;QPX6T&:U:$IY(J4-SG3);456I0<>)*2"J8G9P#9G*+BGGCSN?@%@-HX M%"R4HG?[%I\`SA,C<`)'1%X5R$&*ANH=6VIY29XPF0PV2!O"3.-XFL;)$MD' M$2#9=%4VTMIYLL.XF%.%(]'K6_OU1UT?2'WH]:V/\`B>^D MQ>)Z]ZU'73SNI_W(ZP(UA>+RQUA]\.`N!.%H6;Q0L)OD!IY8(3N;-*G)>*)8 MQCEAF22F:G)S5.9Q6GBX3 MX=GL-2;3Z%5DISM$9H[K[,V!H$BMSR1>9P5:KQ'G`>['75[D"1Q67`>.!:;Q M&":03\+9NMT\D%)9=,T!20EM2K.81U566'878KX)V;%<46H7]XH>41+5H)`( MY0;8N\D7IZ8PH2I9ODA*E'FP@QAP+Q78<"L0.K#**)Z-)U2E?TQ(@@J1B$Q>DW$:Q%4 MI-X0%CF1#8%D^LJ:AQB[EB14H_=61[W^V+U\RC(\HQ"8CWO9+#*"9VBV?NP" M=K93:?D8A.$-)Q(#*E-J653WA&KX(MX6U)44*VK9J$P4*FDX0;(?*K27W9VD MV[Q6D@$^QB$#9&!UV8%^TJ8Q:C[3?&MET#G0J*EW^EVV*=?9S+EBK_JET2.6$7";:;_P"K*?OT<7 M>!+P)\,O#4E-JBE4AKV3#M+F.]9&7)@'NP?:37&T/*8>&@52I'2,;;>+IX74M-./ M+[/4R::1C6N;*@,*04E1&J%MD%)0HI*5#"I)!M24DF1'L:093-MNHW0^IQ2$ MI*Q-UWT4]FT`6X@G7&%%;3+5KQW>*/1N(<^0X%>*^+3%D`XHL,7IYXMBRW@4 MLG83.?-R3,!8)M^(Z?%NQ"1)_:,K6'CH^3$L#]H)![.]=T07-T]@2E*CZ!T; M*^J09;4X2EI#N)6+KMJ"1A25WJE;(1Z0/)']2=$)PK42OS=T9HLGM6QA0U5* M5;:$2'')6+5"12I>!`*7=ZO'B,YC"9GJQA2,()MEKUQ/3Y8"/5;1.O%TSE$\ M9F2)VZIR\L3QJ21:"DD'5>+82HN.&2Q(*6I0U3PJ)3!0Q66*A*YSCC:HJ MD?\`#BVDJ+?Z-42W#L_ZM7O1-3;DI3F4*`Z2)1LAP#3AG+GA0"W)+2`=M=@! MU0^I2:E:*;*ZVH5@!M5A*&U'XF\5"M'5Y)2LX9QUP+O'$C?%O!8GEB5UDXZU MTT\XOC7._P!V,.\7@\U*C,#Y.J")E.L:%<9B6[;.FH4 MZ)\\6-I3;U$"218JV%##>E!Z1+\(02.:/]D6IGP3$)^4/+[1[PX,4_JRI`*" MD*M3*S$"FZ&CB!NE9;AP)L/(?:;//Y9P3*SMCPGHVVT>3P+S%MOEBV:K;0JU M)&J478?DRC-'#NTJILIK.S%UU26]\MG`%F0)4H02+58YK7.\R!7>2HA4X-I\ MD'RS59KTZ8G-,].,RLXIF^#Z6>(`)#9V0=)4$F-E2UBZQV0(XA,V1APRFKJG M">;J:(`!0@N[*2%B?(I.&0@J7UU&]!:*G$SZJU'J*')%4MMW%CI%MO87"5E@ M*V6ES1A6`KDA?FC%9;/0+M7#88ZJ>?[-$("M145:I>;*%$C9E9;IB?BBZ=L3 ME:;)0;+U*5TQJ@X3;+5""HSXI1,W892B21/EL@*.'DQ1\4M-W'4H_.B?#=$H M3RCR^T<\(!.*G#1MZN\6F1_DPR-&U_NW>TZ?C;GSVP?_`'U5FCU2-'L&;24R M@]BZZVW7,(WNUN]W,%1"91,WV'DQ"B#O$80`C`/A-2"I\T M<7#9?`PXY>=B&':U"6B$_*'E]HYYBL3V1*DX;@K>"^&/N_*/::?E'_G*,8<0 MD:QQ:DZ4.84C$>(I'L"P"9%;0,B>/A,AX1AE;8WIE:I80H=4@V'9-D7)XL"0 MFSFC8L/!9P:9\\7^*+#%^FR)JZT:N"T618`!I)-O-$P9Q?$S-0'+R>["PNW< MIW*?DX1+Q>`8$]#O"-5#,?<+1.&>+'[GM-%VU/RS@!OUP4O> MDBP$F>$'39[`]/X32HY1&V"4ZA?&%";,!5-R1E9U;!#<@`<`-GQYG">,2\'1 M#4U)O!F$!`&M*0F.K<,/1.WQQ=$XL'BCJQU1'5`C1'/&GIB\CQQZQ<>NGRQU M^A(/E@;5G%?T"Z+(.U+DY8?-IG@/2@=E=7_):*_] MV&>2_7)('M-N?&(>3J.,C1AD$^Y[!4:92LY/]L`*GJV9;/+."+>?RV04CSI0 MHVWV\1]Z+.G7X+*0X@S5CLQ3.M(GJ@V2$S(:>&\\_![T6XSRV1I$7Q?'6CKQ MU8M`'-%R>6(J!Y8J/ZD?A>P5"=;9Z;(-@!2J2IV$6P=.JR5D!>!0 M2?.E[O+!D0-<[C]OP1&C#M=,C(QM6JTRBP1<8MX;XT1UC][[L:XZHZ/M1.5M M]T7QM)NNLX)E1$;+A/+9!5?-IOQ*<$:<4L*976Z8LOB9L@^VI*;!L*4F8Y1[2G"Q\8>.'$V?FSEYP M]5:#I\*W@?&G`?%(^Y"E@$S),B>:<+!;MN!!$76RD+XXP>#3;`2N>#3*^XQ* M2IV*XI&)B!BMF>LF]/+HB?-_M]HLG^A'BPXEKRP)Y9F:!\;L\N?\HQ3B>"J'Q=U,CBL,HEV7,C\FF!/X M9@S;S1)U?5[I@3^L@>/+JB8Y9)BRK4/ZRG>1XRB/SY/)A=\N[L@;^K.U=N&7 MZB?+NT[,.9@RBL`C5?TQ^=U'+_M,XLJW%?+1]AAVBS5K>4[-&ZZA* M"ILNOV)1B6BT)$.)3EF(I,EDU#RK?B$K!(A1.5K4IMJ?5JIHF9+J'I'Y4W+H6V8OI2!R%=\8Q25XU)^L7B!S88P?4#;D]+E M55*=5QX][),6Y(L3-PS"K('%/>0?^BO)EI[?5_VD8TY0MP2(PN5E2Y?9/"M2 M;1%E!5M&6":*Y]/5U)DM)$.%%3G#:%IDA"'V2EGD!;Q*A1I.\-5B69I%3E[: MFT'4I;;H5;"=YW@IL1O2BA5?,X=I3\[1?&]H\WHJE06-ZS4M/L84RM4A3.^4 MO#?+3#+%8M"R^EQ;:FVWPA24$">)U";3.[V=C^I/BTU`W20;/BS'NPYR\%Y')?#P"$S4S+'A.+RPXJW"5,RPW=9)TG MBA:AB.RE,CKQ*]^'E?"+8^\1A/CC`;E)*3"E?$OTF0AOY-ORC;Y(/*>$7PB)<4_`OX+;HLNB4NB`+9G7+W(M@JT)962>(`P2=+I5/7B!(\OM. M6M*O$,7N0[\LCHX+=,`2O8>E]Q;Y(>N\U4YRZMUET.">"Z2A??T1/B`,^+3` MXM(A:"9!0E.-M2;)!*4:`D8>`'CX#P2,K;1K@#A2OX,QTP$*M!Q_=%5EO-&2 MI;0M:6*FHZJ=C%((38"5=0:H,F'=D3,VW/%L1^;NSXVW/F1;3N\H:=E^!'JW MI_U3GS8]6YSH6/*B.HKDP*@R;6<)D9-KL/,#'J7/O'!Y41MM+0-90J7DBQ)/ M$/\`9$Y]`B=_@)G/K#V& M[P)<$^"J%WY,\`;I>C5I@&\XI8A=U9)'1[3'(Y^`J'.6?2!PSMV**K(&B9;O MAU6&VKVDR&%79TV#BB\])BV?28L/CB3@VD(/*E M)]R/4M?1H]Z/S=FV_P!&GWH"0PT`+A@$H,Z9HE?6LPSYX/Y$U\DJ5IU10&E3 MA*LQ6D^<<*J?%AQ?!Q".+5%D6Q=')"#K(LTWZ_8@?"'/Y8=8Q!&^;6WC5<,: M2)RTRG"Z;>![=O!L/)ZB]P2%2/@;I"L!W;BP93!*0"$GB,8NV)M2%R#.O1ZS M7$E5>UQ,3\KA$?GB^9M"/G1^=N?1M^^('Y6N_2VB4M/5),?G2)!2I31/9T>< MF)BIIY<:%3\1(C\ZI_O%QM534M24*GXX5@<;,B=B:Y\1QI!3;"6RI!"["?@\ M]\":J8(.THE2SNY:DIM7&X*]X<*58PF2-J=R+Y<"?NOP3"N1-WR>"6F,$KZ& MJQ\22G#;]T8'%9T&7@RX9Z)7<\*.L^X.$'2/`MVDF\10!(`6OM#BTIZIG@0% MX=%J.$^R4:P"4MY@@K(\T%MP"?/P&..)1;">4>PRXX'@6,N6TVVR34O$(;3UMXC$N9&HP?M<,M"F'!SXFQY#!"CU2I M/*G%,=$3@\)X/)QP<%BC9R#SNF'"M:O2.3EHP)ZJ>B+Y#IC`+U22(])M86$H MGR..V\&]9ECZLSHQ`W<<;>[<``ZR=J[X4XEV=,_ZP_-@A3"+C(E1.UHLE&5F ML"T.U2U4#2V<(:WM7L!+Z5*$T8;1QPH2ZIEX"N()/WT'FB4*TA3RRI.'1A(X3'/['7@B:2XBWGMC6=)X$^"OY4^?@ M)-TI=,,#^B1Y(HU`[6Y=;(U;>/\`WHO3]UB_W08N;/'O"GQ$`\&B_3&CF^W[ M%5\3E.>?>")\%@G%L60.4>6,0N@\`.@0(E!Y(EP`CP91R7Q6,`I3OZ6I;Q*Z MHQ,+VCR1A*@K#,8DV!4CUA\H<%\\0\L6VP&;9$*5LR!3))MMXX2F9)2E*9F\ MR$K>/@MB0-T:XNE$BH`\L3*DR''%BAS6^2-FWF(\L=;FB^494M!3@?9?'JQC M2M+C9)+EY2J=W@SC*UK4-BGS!QH?TW9BWBEJ"%&)?TN'FE.?3P?8?)%O`8$' M^M'_`"QP*3I3?PRT"[@XHPC2H1+4!%)QMN_A(\`&#`Y/8/LTQ7R_G*8<^\^U MX')$X3RCRP`+A%AB^)Z]$#BM@],""KB\&^#P*XX?`O52U'C96#XH>W=K8<6A ML_$0M0'@(.%:MC#L)Q2GI-HD(YXE%L'@N\<3P#GCJ)Z/?BX=`'DCCU\.3S.Q MNJC9XRXW;.)>"ZO:&ZR:LW9`"@%%U@$2.DI-\)!M)>-O5ZJ!H$7%1XHT6:U' MW(EY#/RP97P,2KC:)`JG:;X-D*^++Q\-XZ90W81-Q'EE&J**1_% MN_A)CCC3S)G[O!+@'">+ANA(EUM.JR$K!M3B\*`XO(*S`HRGZ)1E\(H2M2Y'DC!_ES-%XDXTK;IE*;(XU:(#Z\BK,&R5^C7B M0#.\8;92@[^G=I[5B3C3F*8$Y2";S&`MNDD?S:_=`G"9=;%U2""+=-_!9>8D M3`'''-%MY]@,)D+YP##JM`:<',4F8YX>&@.N^)Q0'0!X#3ANQ)2>%?X M64JQ2FW4A/*DH4>`\LO`S)\*,V6%DB@OHT[">HD8$SUVW09F<6\.'3JA1^5Y4QH^^'OPLG1`45)4% M#%8H7&',,L)E+3=`^28GHUPK4=,#C-D+YO)%#9^)=_"3%ML66<-HCBP\)\*C M21^/3PYPKSAE]3(<6"T\T6V<">4>6)AE9'R3'JER^28LIW?O8'Y,]]&8EV=P MF"=T9@RB9:,>J,3W>O3J]^.H8;] M`9`DSYHP[J4@!>(J@O8;#R&)>/AEX>3.!/IE]L2M5I.Z0&\(PG9E,GA'CB:;;CATB>CF MX,P7LC#EEJO/2G>B93IE%JE+LV53XM,XYD#[T2B:I1A$B??CJ`'7`D+HG*V+ MKYG^44Q/=I/W,O)!L`T=4&SG@$H;(`L!;'C@X4-H`T)0!$^*4%*YRXK(LQI' MP<9(\<-@&PKO.B4+1.:ODQIZ8G'V>[&OADJZ-,6@:/%%D?99R1=&8+0E) M<105N"=EJF%WFV"M9FI1,SQB0/C\!E:O-=;-Y%RPJJ0 MH3F.##;9KM,&!.#Q<%X\')W+E(?K$3&G&VV4@\6SX'(9\%8+1BRIW;PK7@DM M*MI*.LD@&$S4UM6]1X6&U/)9$]@IN-DMKEB2K-4C$]HCXH$^F<3W2^<#WXZA M$`*%INVDCRQ/B/EQ"X M1U1T0-VA(5,7)'O09@7"X1+0='!=#?/SW1KDW;%!=BW=0=G5O[^#S>?@LLCW MH&(3E=]N&U$V*)$P)VZHDHD$W$MJE+FLCUJ.6C@OBS@V;N#GB4#P#Q0WQ&?D@ M<;:R1]T!_O11?(J0.1-1'-PB.>%K5L/CC:J,4[ M4HD=GBG"-X^JSJBX)]^/SAP?)5'YPY]]]J)[TGBD(Q%]0.@2$!MQPR"@J?5, MTF:;1#+(J4N,M`CTS2%K(,[2X5%5D(#]/2/D"2W$DLJ7QD)"A.*FA4PAINH3 M@*DN%1P3F1:!'KU892N$Y00'S+1,6SA$GC.R:N.>KP)>PZ?`JDSZU-4)Z65B M#RR^SG'@2LMG?R10K:IJ=:TF:P5AA-J--O+&RZSAU+Q(7X@L1A2M&/C6 MJ7_)BUZEY)N3'/@B8=IY34)E:_)NXJ*9S.J!IRD]8%BH()^"@I:M(E;`_P"L M4:\8!24IJ97:9L0A:\#B0%&9(2J$8V$#%BLW[.)&'0I.,G%!]%=QP?0*L.N/4'I@(=24E M5V%)5&65]$]0-JH*MJI4Q5N+QJ::*O6,MVEHJXP8!=GHGI@8\2A/64JGH!L.S")H7+&;$E-@P63*Y68HFZA:E6E:26PO%BN:*C+& M?BQF2EI6VX:ZI*FP<6#TADG$G84`-4':(.#9"A:3SPU-*I#U93:#S!0A=BI[ M,YB4Q.SSU;,XL#*+?-W1VY;75/6C8">:4O+"I@&T3EAOYCJ@[Y*$H)/5W)PV M6RMME%BU.6WO)PK/WTMJ+0D#BE?S<*=XE)3YN(IQ<4M,HK\*B'C2M2P@%"48 MU3"IV$F.L[/1ZH=`P&R/.'T?N&<6V]`\%5I%E]\NBV!B4%\@E9QSCFNV>F-< M7)_DQ=T2]R+1;S1<;Q'NZ??@XT_BS*9%W%&5X5&>ZK;@?Y]KW8MU1HA/+;`C MCAR=IPM80=)F,-_'%FM7V^B-,:8T\.G[.6R-//A]R%3G]FJ!(>,1:(MBX>*+ MAXH'RO>C_]H`"`$!`P$_(?\`X_Y-U/\`Y#Y-U/\`Y#Y-U/\`PLLOY:S%SE7R M^G67VH-9/-TD7#J]<\W\8_^LRG_@XKWR;J?]WYUW\HU>0%Y-T4J/%9 M0*N06]\?W=84,BO8CU1)]=)'QU'P97-GR]:N2;MDVR,,%$:0,B-S"(2L0ITJ M-RJOR`H$HU2&K%E`\8'+K)OEH!+E@*I8<*QN2>,&=4-D1HG+*["%>`E$&OQ((@AG.*F^*+(/(M1`*"U MIV#U@@1>H4F>,\[-E5C*-**A#]3,(/D@`+GM4 M`PY1C)UDT2E1>"-HVA;+9QR4D-9&7G)=7>`0VB<1H%2"ZVJ@)8>@_-R;R^EW M)`6)FP`XD?(JNU\Y9J.NC,4UIS&7-BP2.R,:)4@%14FESTJ!ZTPK`Y6%=S5AN=UN>SY8$:"Y+EVR*"F2-T62'-`?!'P_P!/K15< M\URJSIBR!2MG-\:V4\.MPAL%=P@\8`V4WF)U6M3RWE@F!!)XI"G0:QAIB.-! MP=P2`GLB,V2/QVX>)CX@LCO0G_7\FZG_`%HI90!`8@VA(ZX"A7#NO[,9-*FL MB[$^*DQ?14CH`YH^H4*H!\37&P/+QRR:"'QK_6>L4#`"^K5.:4E:,9S0U-G+ MI$Y49E>TTF58FEH\#6H'!B)9NN*GQH`AI-`O'N`[G$1;-9B:5*9'1L"FQ*7D MO%VL:-*D'M^BF=B(%4\#%%SS,/:71<+,&A,"NLRH)YD!5"1A^\PR0BC'ZK_2 M.D0!2J+%X"9\JQW`Y?YH(D9%&WEA^*H= M-5<8_8\2JB'5V..,HZ*Q;#`R&+S:L,4#&+=1J:3_`":9<1^:>PCGE%ZHMU9M MJS![!*O_`*ODW4_ZZ=]495NU`DRSA@Z"LID0[L0:%AI0R(5(LU+THJ6LN@] M-[D&+IM"N%E*!,0S@/!8@XUPUC'#JGM+`\>87]_*I9_2,\@3MYH+%QT7HXDX(-?!G,!H,!GH.Q9@/*BY29Z[J=7$HB&^OD!$*Y2IF MR8@`#EI+V@+Q"_4$8_?AHQ]92UVG:Y[UB^0;5[R7P".;4M!M2M M`P8"QFA1OJ*PH'J\%=9@,+H7!9J&R2L/"+J&+9S(RG3].^VB5Y+YVY%7_9:! M5,@)7O?V$A@GL0NUYI0=UANGI5VMA.R=)83D=WL(-\'.9J503G*8`R&K08L8 MM)Y>2F%(!0QI@#K+1PG%."YFWV""&5FB5:C#5`[T6^B&PG_5\FZG_60:6&L\ MIF7T8N:Q)@[T5\D1(Q^@(WBK<4`#LW6&FE-L]ZU'P& MJAV'0%2R7G"P6:&LFC`!.`C6L0[^!]Z"'0%2LSG@4&!+&#>)P=HR;1$^.`"( ML'/?3%0XJTD0B`VG$J1FK=2PUW('RT!I\Q!$P(U:A2EL!<0"K$NRN8*S"4*' MX`LHYS]:V>CI:#ZH](JJF5&3+=X<$2"1L%`&N'<7UI>\0#S!B&5[Q(H".3238I3[J3 MW!T#P[W!CV85Y-0!(\7`$_L6- MY9OK6)UAO5&`T/GU/NB*M[JG)* MK0\%&C_L^3=3_P`.VE$$8U3FM&[H3""#(X%B7TC!3"CJFRW^BX0V5=5*=4M1 M.@$L*,L%N:QZKA1R`V1?!E`_C/8E7.$+A*KV1*N(2@96P?>Q*4;0$SEP9 M=@`-B;_\#Y-U/_!W_%5?5NAX*9HX,6`X-"26XY`/?+ZW80VAWG)-L/1!)7WU@4#JB,P-0305.N>+RQM8*\+ MZLO":T0B3A(W/8`.99-Z%ZT@HQFC9"TJ`:TI)Y2A-B4Y_P"_Y-U/_`!.Q+.0 MHQ3D9N7;H9KAP.&1=YB1MU=-*W8%FVDF98SD''0.@?A1"_;/QJX`(:06P\KA M?9+T#LNC8O/;P2R*)()H9,S_`!@/-0,1;@]@SII>W_&T9[CIXJ*^R0@S`@!S M--B8PL<"--7%715A`ISREEV56JZ>P9J`+(Z/&;IIKZ3G$9O]]GOUZC'8@FV@ M@H,@-2RPX3*U3^59,G4,U*H4)'&.AC%:``'+:_\`=\FZG_R'R;J?]3=-%M-' M5X(L%;3[T,'NCJ4H8808SM,^0;Q`$2HE(QBMJHVMTP`RU]NYPJXMB7.]WAZV MHNLV;`3HJ/5_4T6)"I>)S[T$):D7*^V(*H:61\6F;!SDG>^+G+7!`O MP=Y?_$7(#*2V?1BB")ITI0G28P7*4,8@^[!M:6:99BK+=(H=*-KT9?RSN2YNX! M5AD';),KP_E-D6U:&('Q[3VEJ6Q!+EK'T!E-5(*G()6!["MSG6')EW59!3]NVT3[*NJ`I@/0MC03$*<[@H'O M#=/,F=HV%>HOLF1WVBU0GK9[P&ES5FNX9D`08DODL-,%7WY#?I909*V\+F^C MY$@++F'!`"6FIY[O=Z5$+*DQX,)B[D-1&'6."9O_`$"77<5C03BHY\MW!A!I">19-Y9EL$C3$YB$2 MV#DW7XHCX;'R^0VL?WG<&[X184PEPZWV]L1W0Y9@&;.0I)AGRHLDHJV5,(QV M>@]@9:^+L:5A=0,+-^DOI)7/B02JE=3<5_L:^<64**,(@F4@ELS0575)2$OH M!8_^RYLH@W#%6J[A;7E]>F4+ER59J$SI4TNX<>N[`LNL<$5@9G9F6%%EE'," M,`^WL!]5,.U4E'!!?9P*]$/^[Y-U/^]810&"0`#8*TE0G-8@S/;51-39<&6D M`2V^MRGI9PP&HM7E;AM3$@0OO68Q.:FH*46L7-%; MO!70X75YX`041;;0[5J/3%%FPV-&%#LF5ML&D"KT42V?0(`%J"/J-XM$)$@" M0(J.<#A3SJ;*M8("7169Y1-:8:%@,UC_`+ODW4_^0^3=3_QGCQX\>/'CQX\> M/'CQX\>/'CQX\>/'CQX\>/'CQX\>/'G_`(KQX\>/'CQX\>/'CQX\>/'CQX\> M/'CQX\>/'CQX\>/'CSX7CQX\>?Z7HCL'L3L'L3L'L3L'L3L'L3L'L3L'L3L' ML3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L' ML3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L' ML3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L' ML3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L' ML3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L3L'L>-.F)?@8MR! M\.ITZ=,8'P,6I,TXQ?@8M75:[,H_CC$:I\Y[[%-G7O(VR(1V,%CX^5:+3GHF M:O!2Y.*K\MM>`7!7-'J=_=KXSIUN7.EP>O0.UBPVL+HJ M4/H\\CE_P+=NW;MV[=G;-EW7--ELN?E!*!6L"ZVQ*7INPFB],@;6E"'5&$,T M%O;&-LW4!5M1"#LFO$30XBV%@IJ M-I:G2$IUJLS3);$-/KXGA%LN\;E`**./19]MS6XU0GO#7P.BB_#Z@^YX!?2:A@/PSTB6Y8>3QV@'4%I#`[$L?@_-^/ M@+N;U&5^?R08<%KR05MH\"\2HDK]>\]%?OYEFV<&6\56\2P>WZLY@QTL^O,, MT?/K`I>KS.XSN/UF>[^(SOD;._I!W" MNRXW*FWE_`I?#K-"$9KSLJ$C47O'W/!%YJ!7-S1Y^"ME>LNG/6-<4E*JGU#[ MR^`P<+4'!WX2HN8&->"T+*EZF_=ZCM\YI<725+/(BWX=/,8Y5ZRM*6M MG7PL;OT+@&\;[O%C,;S;1NEX0W%;!DM-\"OI,]AE;UX:KY("TUD/>)@X-'K< MH(P\BJ(@4FSX= M'Q,,+>#@7I,D0!4-P,/='XLCM&CUC4N_`@ENIZO4I%:W$LK_`&\IW(Y#[0E! M@Z8(*Y=#]2E;KIC]1HW:&7IA@KEY\#`7B4>ON_N`Y&B=J)>&`U7-WOWZ2_7[ M'ZB":/8!ZJS+)%,JMZ6[C(M'L7Z5Q,$YI;B7/P-'E/L"`(<:=H.;E\=)R-,8 M>WPVVBBA4BF551B!BW+RTW[RRNQFJ,449!#072J"VM<&I:V4I6VY&NA??UA5J^>A!LGLR\L<4U0QC;"J]9GYJN MK]HKW>#2JGE]NO;UCW`7>=*13HP.':-XF8X,2R^X8F!OEZ3R?> M>EZP!M?65*N=KPV:2()T76UC.VG0GT#[D,%/MT\*J+P<,!*:\G3P<%NI3@,>G.8[J^W@BI->0-MS% M&4$_3.9R.2T%.W@\NO29ZKGK^TSK)/,:SIC1@IKF\=#,L!6<>MS+(+9YEXY< MQ]BGKQY%OJE.)=)!Y3/#YNDM_P`'W^"$T?:7J!*ZP7AR\$-CCCR?I@A1,H/T M`F';`.C0,Q;@1\B`77^VHA2B]`_U"I\PE&Y^+\^&Z`@')N$,O/>;<=8B%NB( MLZXP\Z21LU.0X&6`6E4JW[;I9,E%PW8H?PGW)W/O$-5\+L#!O7@^!6*#6%>T M+FKS4I-QR]<4GN$H1,J(=&>WKV3).RV@"`+?80JCN=BWC:KJ%TUOHEEG[%L*22#3J MH!JJLS+A?1,^A<^@?>8A4T7"5\+BJZ=_`2QS4?-7]QV\WV\>"N*GV)A9J?-7 M]S"!F%:[]9Y^#CH><\_T_OPJTEK^:[1*E:/M-@E4D>)R<+AZYN4 MY*-@V.X5F#2@%2QR[X'JG]+6P->9+)$N0\%U!($)<$Y%\[9`V-,,;%,%I6*5 MO",:N7/^N)GH&#=W,#>S7UXW/QC[>\@]?>R; M`-QQ?(+Q%%.12VM^2(C:A$:"D;R:F/(*XAWFWO"*W2]A9P#QB#(#:KSY+]DH M]6,JC;=]MDL4!8LEJ^CAB20MPV/(+XYF3-H#L)ZDY3Z!]YJ^>(+N:CD_4PL- M;\2#!SX&9V@IDB6OP)2?B_/P6[$I5431(>\9Y;B`O'2IBUO!!@:57E=[MSN* M-MGE/\^8`*#I)]HMA^I^X!HHJR'V/M.U'"HNH80!4=R`3:)9R4>ZXP#.A'6P M.C1B92UX7;8.\*Q#]8)C=TEQ)BBJ6>;4%6<@XQ1J@XU%>L0N!\R9Q-^T)KA8 M!K@^T^!R>E5YS+T`\B_`Z<'L=_F;/>D3A3ITFCL>OS MB:'(0J.F)F^A,/*6;N92M`CKA30X2VT><%=:8,O59^@?>#N1"[/`T>LOH+MQ!\`\;EC@:XYN.P3[A@`!P%]9VH MB;\$-D07`@>[N`^=]^O>*&X57D5*/*'\G2=95[:/*[CU8N9GO?CI> M9@;8IF^RMJF1KBH==UDH&Q,'$.XC/O01U4)H<#]T0A-]/6(`P:)W#P]T4>T!UF'"X_69R.RN MQKP?:R\LS(Q+5F&S&VFWMZPIV+;*F.MFTWU\]H5YO^76-7Y&OO`V2\.'KT3%0! M>?56/HB:7O04ZMJ%,P"A-2YXVMYE0EK;<-N\+8MVE>C%:X,;=H7>/>^TN]2\ M3KW$E&.\YR:H-YO7Y\1J;\!7K/<_:.#U?968A7:"JF-+]9PL2_6"@)4NIL=$ M]]]9#BG;PE"H":X4M@9],L$=0@$TI^Z=8IR]NT&B45=-?7]X%.6)1X5S(&9=!7+Y32I<'AUAMCBYU)A3D MLNDUKXBQ?@ESSRE%R7DBWQ.7E3-@EB\5B4L>:/3,_:&4[;Y?3"X%5*K'7W@, M@97XC$PGI9/E/]0<2_7P=%DH+(];>V910>0@X9F1C;[/]B!8G<:\#PQ*JP*3 M+U'UCZ/U,Q//^/K-#TK\SZF:G5QYW".Q)D? M32?,>B(8,0`=,0JOM5==1K.):IAAK%+G/C-SR@!?+`%%R@KEJ!N:/J#`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`.LJ9TLW$V`X(9]ES-(Q3W M(VKTQ$5Y>K09V8Z+45,[F@8SZ:&M1_4?Y+A=W/D1M:NKG5#YQUB\HS$Y*<=7.;ATX4O\` M4HS$+?*O]BL&)>(M@]J\%54HK*'=N`OD-=UP5VA4I>1YRTI_)\D4<7Y0/4>< M:=2FM05QUOIVF>,WM\BO*634XN_3RAP0'N:S&"LDWU\G94UD>VZ8 M/E8OSX[R9W"V-JD3`#Z8?6+L*&FV-&&^L):NE]!=/(F9T(]4_$>C1^6E^9NQ M4:L&UIK$V,6-!A-4#-%1+]JEAK2\7"[$TJ4-/!25CY]?@5$5DL003R6CT,1% M\Q2`,I!F!>C4ZRI24:12MOGXU9,3G$&%,],S4#;"=(-*I8<5 MX*&C70FK?7%ST3YL00TDN^;F`PZO3J(+I8E-GSZ0P\!>QR;IFKC\6.S+9"^) MJ.>G.YYR^\87=PX:`X.NJ"5E%'49I>:A@\'+TMCL(:,G`X&& MD/*!J49]NBIN!40,N:\,[@1"]WM7O&B[UJVF@%W&8TXUL.C72!(CP+C*^3B) MO8O$.0PAF`H-X/0'3@-P!WL\L(.R-&$R8(E775$S<><]+EI2G;I*K;9WF'5^ M=?>(7IVE6`F>C,'._AKAY`P84V(@.\>W$9[;&LNX%>?`L. M9CNGK+>K[_!;U9]1$"V&<[[0X#M]$8-7$M8]"(VX"^($3/-\2OW/1O"R"TS; M1ZR_-SIUAY8SS':(+T])F5_U[0,[=']FR&X9A;M`E7%3$&'6*OZQ2U#KS+RC MUF7#R1EE1F.;QC,%8>YK1_J%H*4NSH\GBA*\S\GBCP#_`'C`5[(SJJ8EO`SI MC,2VT.G1';]2GGG]Q:E(N$!@=!2S5HVZK2::]`S94KBQJ647:^;(>?,O[PWE MT+971]<0;G$#J37]^D':'+!86YZ8AM5KCC2$5I85S8;'!+,FLMX%0UU(54J+ M1A/+ZRE)9?6/`YU<:=MBY,G9QB,ZP:]>?K`4$'JM:!D6I8&7'7+RML[BMI;O M?E*N![,#5CR13_L([QJ5/(@4";Z9A*]G2?-4*`,9%$$J<>A"IO6]8=/+ M\QM5WXN;Q\%XT#R*'D*58>VY7MCC%^I"V<]RNNDRR4/. M?2Y5T,=^ M<(WO-0#(^'Y(M(=;_$2FIF#PW;-WJ-7FTBR)D0-WT3K4%.>Z>6(C46I:R6^@ MB$E-/-EH0LU-&SVL.:]AF.5)L4JFZ*M0(:,9: M0H865*\4QS(Z5FXB+)XF8("6KB(V;.C+V@AKCH=K5=KMR%]'S:FBO[>@T2:Y MV!!Z(ATA+5CE0ZPTPZVJH+=JRC*^RW!$RA0G1ACX(FM9ZPT@C*R5;")"C:$; MPLNNSQ$*,WC#3<`J>:\LY13%0(=&!,0(#1OCAX>L%]7\?!Y9?I% MMOX,'S\'[7WF'?$@^_.IR(>]3_#>(`8LVXMUN`BHL MNGUCHN4YG#&N76(T7&O26KUJ!A@N(8)<0*,8CP2AP'CGEW_`+X( MG&::H?TB.#H$%JV.S,,8//PQ?GVN?=#K)$XX+K$"*J&7;7TG)"L=G2=&Y.0* MWK"[T'?H#Z)+VO+-]8\OGF!1:)8\UW[L>4I'&'"^]8RK*E);J&K/I%6XQ+%YV4CT\F5@NVBA>!TW.S\W+Z+DAHP8K&+ZXBJB MVI@5M/)Z7=WF[N\K>[:M)14%3@,I(3& MZ8U54"K+BP&LXU+K`*A9X5OF:)3')OWNXN(`1=.X:XAP6,#MI@IDUF(4^M*+ M:'"/;PL*:)P8;/)^.F'AL2AE_3,,^8?>`FZ2$Z=29Z!=''WE^`'01^T[#Z0D M'#W_`&C@%'G"-U7V:CS.92\+8.*?-`E+AKL=(/3RF`_1TB7'HM_$O6A.&DK[ MOM[RCM'H?[E)H7ZS1Z_>*H\$F&:^J;OE+A1A3S969`T+2UE=;O49D%!V>\2J M#7U3/1BMW!F:$T]Y^F3<`%"K7`Z]CF!EANJZQC,"MYW'R"\0104LJ&^+.Z-6 M9*G&B?2I22NAA]5B`T4;LK>6=2HM'N^=1=_DXMWE6YIDH&0K71U&^CJ+EW.9 M7,H%[4#+C,'>*P]6X1>BKXZ2M>\IQ>'/7O/<.L^2Y\EQ++\'&4Q%7S,(X;^D MOC,:OC&94"M0*6I:LF709G*"((@]G]^=(`DM`1IDNM/C0\1,IZGM4%I#K>9* MS4V5PU`KS#[^%L4%J?.)B!Y^LRV[XGF^\ZW7=&P;%77`^?2<%9UG;^D2D#CK MBHBIHZ#[[SJ6;L:9[YS:/.J0+3R4^MP7+7I_4W5Z?U+4>,G<0] MJY)E4'"CW6J-8C/12-8,#D[2H%C]"&OVEZ"@2X]]8=4IG;:WTW.#FLPL/$R1 M(RANM8M.$.'S@4648ZDMRW&6&5MT!+NJ('%$'HO&4]]:^J'=")9;<-.Q#@8W M#K:N#="#U4H+43B1WAG4(&(J@'FVS>`I$4>6CCB+*(`$N`O+ST(N*Y`;J[7D M=AJ)1M"FD49_.,*:H5"6_,"Y;Q?G>B/?K$&8OU"L3?T0\:%:\)7A6_+^X*5/ M/////])1YGI^Y3I^?2)1*Y^>DK-V1[ARYK7I*];"#;1=! M:=MFCV)6O#H)6W67,])JGG^D*>&UW%1\_,N_./O.N`^>(!H8_+_(81^<:AH" MVA#K9%!@S\[C3H[8@W*.N7YM"B@5ZRG([(XB%=BOM&JN>/D84E6UOY(J5K=" MWWW+IBJ\C[U+`>*J7-L%8Q""Y?/:+7'K\L"T_:8#U"(K;QVFVWD*"2<_([/2 M?.&OM*[_`".\[0^>91/E/:`6TI36+(VE*T8,I]I7S;''/+Y+@IBW'=G)2_(^ M^YFJXZ6L^DKN^[^YJ<#-)"\6[5<,IDK#;;-GHL)IKN%9AFMPB&H'56N[1^ID`4XY!0-9@TMIEE-ZM#?K"6GQ#54-%&$(XE<:E>`7$']>IIV M,"KB6%JU/2*/@0+T#Z)10^+2Q%7<^=$)8/O\"'<[/U?W';Y^&'=+)@.Y8U+^ M[@-T>=HI@F^&J6SK;(-D-,M&6U2QLWI\$'?B42N_P&R;7-GT8@LZGWA59CA[ M&*CS3<,:O/.KBNQ7?'WIED+RL-^B8&HCV2^XG6/K_<<97!+(<5BLP4H'=9/* MJN+`7(*9KGM,;TJAT-&_L)3UOXQ'Q#X='R?M&5QF5I6!T M=O`?@*,7XHA;I\"RYH=.86M&YV?J?N*-S#5$:'8K50Y2-MXS$^>I@WYM1$ZB M$,HPHT50K0G'$>D"."+K)3!J*9.">1G5IF:PU?STENDIZ2NB-A;@-K!E(>S< MKX^I^XY.'3\>&H>&(7FK?"?N@IW4HO2"/"X#0<*1DZRJ2C%8XL^V;,Z3$[]X MW76Q>TL6(Y+'L5Q&7%?-RY,>^9 M:(BW>3VE&QKOB6@4%V]H_L\VG3-5R_<:<"CEGZP:G[1I-L-<^%0#I$^'2C*? M8\H-_`M_$-_"Z?)F0H(+QJ'FF#3N(H.`?*0H"D`6#3!%<&L5\%*J\`(,H7?A0%*?M[QH7145)H4,/6D#CK&UNF.%Y&=R]GFXB#VC;.?7ES`H)N[F1*>*?6W M484#II]1*@>^7H0]"YGIMCP!GJQ*E/F1]HG;6\;'TQ\L!Y8EF3PX\H8Y-W^0I-&2E'K&@K`Q?@0J01IY6ZP*D'1H"LOG"*-K)R9 M1I76Y02R09(]QZ02V+QR-!R-Q25N?[E6N06HOZ@Y:YD%W!&BXX M#O,C+BJ9%^C$ZB.MQY;1[R7\);N*J\'1?6`;%/XC)#K0OK4"N6WF$+=ER@-; M;K,99Z39*VIG542_9AP>DKX'X:(1?@-EZO/E*`BQTH.UQ@SQ9B[,-/-N8JA` M7"B[]&=^(%0$H=P+T2M7EQ&7/3P=/D^!!N!6(EX8%*[_`(CM;^UB+8?`VS-G MEX_T[CK"8YEYUA@(VXXO2-OV1L4LX8N)Y'N]8U!B87"?5Z2G]DIK%\&]1Y7W M/[AU"Y7FL?2*"PL>4R86Z05V&X@-](5J9_2=`A#5D-0-.E>`F6QS+<;)5S/?"E?3=JT81!;:%0Q:\J#,JJ'C$P$VW( MH;;JG!#.RO#2&&VAQ2%B,UG@L7F((E*!-(-7\#XFX^!\0TWTS[12YPAKTIP]( ME$,K)&@50,_.=EKYLPCXB5+[S8Y<2@T$49N][S\XZU;QD7ZQ/?=7]I9DHC/9 MKSE*V+N]Y/:``];E[MRN9(WHOG42,\?2.K,\B9>,:[1!6SGY9:8&CUE(Z?," M+19L,@\M7*EI+PIP:YAQ^I7_`)%5N``>G;GP?.DC*H8IY6)-T1#Q+Y=(!>C[GB M!,QN)5T+4:S>O@P10M'=@@-$8U=7X7\G>77T]K^Z`Y&&!%0`-A2RJT(I/4O` M!MJ5N!I*1=`XJ@[(@B2\K5;4JIZ(-7/N\>:#EPG<]\^0Z\JG]-=2[@E']0.S MR@KWW'='1L)@\&F(.QB["28*NAM62R)I193;#`JP4:70\I6`>X?"]I:O#58@6PEHCF!HF^HHYERA55K'7"`3%?H:MZ*\+!@/:L]#@ M9AT[;PV6[K1B@S&LUK-U,HZA3JM5LSZ2#2W5C<+AZ(`=QK$ M4NL!MZ%E$4"X8/T6Z9E,"4+,.5=6FYYD\R&FB/+X@`!X,D5$I=^`\"*C!`#/ M(3F*L]33I*]4E'G3U@GP+X9XH]A#F!`]&*>\AHAY@MRJ`/K@C(J-0R&LAK7I M$_B)7PXW;`W07;<=<5'E`9>E0[Y1UE.1Q&7".O"YTG'RBR_"_!;"N(K#X&XE M>%?#7?-(?>9=)R,B)*6MTG.QJUF:MX10#0Z^$[Z@&%W,=DR!W[BR@,3%@A/<"N-E1+)=0;D6&DII]EN)G*JCI MW+/UF*TH!G]'.9[_%4LNKST\""^+A*T2CH>TI[^`_ZG2`\JF!FJ?+B"^N8&JJGFN. ML)K'H&T\A\F8@U4FPH67VHWQ.Z;T9-D&'DG>5Y0G$RJXVUMZLHZ'M*-45TJ: MFE1F8:R4]-<2F*J^:F>LWW7TNOW+7-O)_$"M3U)ZRRFRO@,HL*_3=?B<6ZJ8 MJ@ZWF!K97S3^LJ!7P[/%8M=9H[7*5[+JTH(T(,>4:5FD:7)&:;UHKQ%Z,ZN. M(9@5ZIZC*BA$0O?8W!OK['P8Z/`/;P[GE=Q*SZ!_K(M2:MD*% M`,(O0H!Q0(A0!6@`<8"9Z!'7B94/`(4>%NS5=_`+J7.D'ES!O,W?`LTCZP*` MZ`>'7T(*;3%?88+!Q6.Z$KIQ)T/3FY4;6.(@CCQ6W-=>?9I,=]3RQ=:=?G$5 M_2;^3^(3>W-*#+BY1VEH'4HI*C:S,MG62>DH?<3.+QV20<&?DFC9,2.#9LV? M$Y!U6^D!:W;-W3$,`2%L_6;!:PM4-^"_!UGMSEQ$M@DJBH2!2M-*6LI'5C'> M-(WEZOOSE:!.Z/VF.`/*'5$&H=`GA3T3J#\.*[`UL7 M@9MT@5`\K:$F0R=);QI]*R*KV1P='HC5`#0>%NLO^+4P]&4=);![116E6IM@ M%P\#/^'P.II-O#9\IAZ1,N.>D&+J7T9H1:O@<3&Q[$-3$?%0%I9X69H MO!]$5VK1WNN.4-L&R9[[FBKYUZ2Y6"R_@T!?=@I/J=YE]T)W'LP)?C]D$FO' M"!L,KD,LGA\'LB.^\-'W6H(T7\0U*?%2 MN49J'A%>^P^T;88P7;111&((@`X"%`H$@\_YBBCK&&?&O?T"E.1Y[3>NPPNV MJ'6[?`+1\[BW7E\#QZ^!6.I40HPT'A)7A2>9*,OQ+C*NZXO=2DGM+>ERXE4X M_!](N84A`$M"T45*K%C7)D@5KP2-3$=>H?UW+C5.&6^\_P!&&M;\-%[?D^#0 M-F[9<[.\S(F)^Q>*F/AEYA'?3WE4L;PI*QZ/)+OZS0L%LK.K2R>"W+EP+E0> MD9+9S:/3CGHRMMH%/-681=5AE&=*Y3_BWZO:`'G8H;C@9KPX@<8*ZI_A&I^' MXCX%0CCKQ#KPT^`XBW'Y1S#"==^G^-D<5#\0A08U,W+5MJ^Q1[33Z_9\$J[F M3I?L"R%:9F&\0K#J40V5GY(*"M_/7QX:HL<=?H2ZVB5XO`K(>!LF%.`:>IF7 M=^?AVDK%RSB.U705U]<"VVU>%$?`EL`S9SH1]%1356W-'/090&F&:B>L0B)/ MH=<`R'B\ M)OZ!["`:8B9$&7C3J)A2;%46AAHMQI*%T.Q0^JE"0 MY>DQ>#C<"A0@.619EFO^*I#9L>N`2_&JA>$WQ"5XC7\0^##Q-&+W@U]IHL#P M(+W$R[W?1]/$+66=SZ,$XE M+2NT3H(8-(V;LPQ$B-C>;`NTZMJ[!K%F"%'IE7-UT438P",V$I`9MMBPT:-= MD!0;9I/QG.-CL/8P6<.J%<98ER.+>LNC0&L3E@H*8!9\D,1=KP,4$;AC*H(E ML$8#+1"W-F);5V?1F>;_`!=APMB:97!:SG6ZN*8ZINPHGRU+F]];?ZYEI55!MWG/TEA5?7^IF9U!2H\9D^4DLF8N,%U$7+R?01/JY5\@W6#Y'4CXT>H?!HUY?R0!3O,G8?.\HU^U=ABG"G4_Z/+P_%^8:@_:=_.]G' M29FA(>H/S,V-6&K5.PXBH5E_.-1_"4`M;8[JO!V\OW*3#`&F]1!;./`W.!GKO'B%:X>)N8+J@BDE@:+$`RR/)X;49456/@:IL,'&0O!YW!3<.2* MN+2X\I0JE[6=N*<0!MCLJ]M04K!+')RX,F.8K0"D+JYYHWFZ>T.+<*.%.`8K MA=:]@?6XHM3RQRO\``+273CX-$X?+3+BC2TH#*>6IZ!>:-9SSYP=BG6<3@59TW+"0 MT+=$.34Z+3DM4"^D%5,=4.[2GI0;]0GN7\P+PQ47\XOP^D169A\&WGM`0B'4 MEF5%N"!B`"HR8VY\$*`WZ"%@4\&,?F=G?FAZ&NIG,6:H[U]T61@=8UJ@P6+. M_P!B$U]#//\,=4%&J[O4QCI#7 ME]&#Z$8JK666[ZPG4TQU6F/6&Y5]&(EW=W-:JGQSH[`0]+]5_,NR?1F2P>C/ M3T\-N;YG?P=O+\0Z3\+DU):1FZ8SJN"$H@JR'<%%@M M-``MXP/='"D9!'J5<0)8><&L=F(5EC(+%L]R/K064&F4M>L#+A;[)CK4U0)WE-V<".WL;:S3ED_XBIAO("JKMZ$!"6RYN[2Q M@W\0Y,P*P\R^\O,8F_@R_P`%/2:2SK."42>UUNJ+7I">R0;V^/4\_`9TQ>V$ MDLK%=.OE,M8"6VT3MR]+&1T68"!I=W#S*.!]8(AD=%UWG`;,4`.\SS'8SOSG M>@CJ)X4&#M&_`%:CR\(L0'$E094^9HJ"KZW4<+L>:7>GXX8C6#J(&[31.\N=X MQX8"5+>&#'06[+WK?3`$;#';V0!K1@!C-@\HC'O+VYJU(*:[I42UKJ*K]?\` MB0RAG`>HTS<9+#"YFDT]O(W$M!/)Q2P'SW-JR]RON5%HV>FK+7WF>CJZ:(5Y M[EWX:RX.K0'FNB8@%?;PL-M3^PI!5(YT+3IGF(6:F4LH]$&^9RIR6\/K'K/2?I=Q6Z%\@:R.'O M&%+?8E#$6\Q&2NSV!=^CB1V&V'33H7W$$<#K/6])FN MY']XQ',OKE?04L<&DG%54OJ8C6`7)6#*S5D=9C2`Z]ISAM>DTUXR.$@8-](` MC+FA3X*U0G+!..5HZRN4I*@M2&BU7+EO`WN&38L+H7/'N"S3RTV#U+Z[SV_XLV3(&`2J>) MA"S"NDJZR7*8_GMZHI;>L<0WTNV<&L*TN\D?P2HXNVT4WI(HBECOBKDY[2J5 M4VQLK5ZQ'F>H.C31(SV_'>9"[.F)76AK:>*+W1)GS5C/F6G1`N69@%C(;=IC MT(0+H:/)B)15A#J%J>S?.B5'=8=YO&RTPM>6M)U8I[3SX]S/FZ@*KN& M&=*/[&4M%RK%:01+7!ZONRVB&,#&OKN#;D)(YO46TIW4/.C;/2T,;U<];B(8 M"?13`\YQXL'2$S@H3S(8Y]#%_,PS76VOJWVC\V$T*Q[T!CQ%[][B4A37O%%V M>]/HJ6^9^MR^XXR?W$;\1:Z^;/Z^A1[0:NF6VKMQ?,?OP74!7!V-!RU1RQWK M>WZ@ZTIU'WF98B][#)U:<8>6%I"TKHTJ4IY2G1:=5,I(U\!KL!(>R#&6YBO, M&4M0;F<8BNTWI%P M0I.TXM?>H4LG6\7;:U;"N$F[Z^NW"5Y22]"E<3A:>6_7E^[`4T87GNB/)'>[ M[Z^G'\%AMK^+!R]A3HMTOI`(JOUF.[IS*Z99\L,`X&PT'E.\RM: M;1<\F!]!E=54L`R4:#CGZ,L^>^Y77=Z^_,@+8T$V54V6W4S3H978JKW:F3&. M,8QNO*6JK:M:O%NWUE!913EQOP0<.3O.P>Q`NBX"*,,JXW<[NX`9R\L^!*6N MJZNO[A+KFH=%>G]3(JZ@7UIC?TE?#?NW+R66FBG,,[B;K5K:_I!-G(P/2IYQ MMKE.@CAQ"'WE4#OYRC7]15WV@6AUA7^'PJ7B7[1*\$=* M]=0*IB3`T#=05XMK$;LUB@8HI39*G(]$%F(A:N!CCF:I?*H:LN0=PB".2LZN M\5I6+5_@:E04K^!:+90+0UC6.-<-4-MAUM=^H_QVS6[!YN#ZLQDEEG&;'73X M`K6?B=OFP6G&?!H>D"J+\12LPK7&I6.,^&TR`(;P"CS9N>JM;F$<&M- M'TA*TL^0]-SC`&.?U""*4UJRWOK,X$``&+]3M#MEQ3[-RY""7;#>^7O.`DS[ MEP_@;3F-3#EB&7';S?7VC*9Z#JU'038]';O,PM.1+<5A52G,N&T`+@%U#?V( MI%RF"H;6!LTY);SYJX/(/RZS'>!;4:=8Y8U#J_,6$&RYM/)[W"^?#R03L9CO M*%?C&%YK!"PB=YT*$[0.RC^.I]/<0>Z2O8-S2JL'AL=O`,XF9X^L-0(ZMYQ[ M<&HJ7$PHY)]CPU^A\/$R4[!>496]0OEB5=@F$1Q`%$&^O'.(=K6:PDV"*K#O M'EB5W*T_1-WE^2!>_!OKV9CG7>$[AIPQ(R3SO6..GA3X>9O\RGH^WPC7#3Z> M"!BR_K,]Y7@&%]$8J6YT,OPI#*.%?H%C%II/A6%YM%).6>\POHMC)?\`%X<^ M`=;Q$'JU;="MQ[YF7Z+A]=IO1=`]=)>:%//*A`PWY,%!F5%/O?XME>"KYMEE M^V.@/X\"72-T3?U4I+.93W>LZ&\C^TR^43%Y3NSTR+TKK$-B46WBCJWQ%&;^ M-'084]DY]\1:8+XF.4I_L`'FEO5ZW6ZW3DN66H'(ET4#':)]7DK\POC-T M<_*8*'8(,8)=Q&C9;HVPX0T@LM'2,%`4"%C>/[8!8:>57\@-LP+DX64^V[@) MVQV,*%MRYN].04+:`J76SV:P)$`T.U60SY9@*?:=E MBC,EY,;L/WPJ)6.P'8*!K5'84'D9HC'CPKPOXJ=HZ$06@&G8F?5+L5KT;O`+ MK)+2\:7]J'24KM#1?@"L5K0PA`HE5I75BA:^W\:2OK]-M^T-0@46=$Y#Z0AX MKXY%<,X-W=,$R)6ZSNM?P9EWYR$7[P"WF5?)++#45\#RX1V/!O!=,#4.4`R@ MYMM>MYA[]-P;LZHD.%O>,B7=HI3K[L#HSB=X0WDLXN#2D?IK!>IEZ_KM9>@X M1MW=5JR`M,@_;LB\HS'5^,OP#<=^`;\1<\\N.H#\2Q/4!JP)Z MYRE$+A70"`RXZ*Z>&V2H+'99=DLF0B.257(/?PS,ZGG_`(`L'?.:@]3"Z(5Y M2E]$R9J#?@T/7S[_`*\?)&TS;J:I7H>2R''O>XC&?2!"@(:6@%6H)4HZX?X"L\H(#NP9GI"%(DP:<;/%(_' M4J5*\;8H6\ZBOF!S&*T"I`<0-+A0@!1;]Z/H?&[\52CQ-DH/`S7O*:,A?9]& M,=5G2*87%QTL]%V^%TAUQ+,K&Z)$3WQ1+(OPEM>`O9.Z_P`"RU"[>JK&*S,P MA;W&:-OB'S!DL`'MXC![\1WUBSK/O"(HG7T@XH_O]SK+K`.#[6OZ2PRL/';XSCXMT?$T=!&`L MI%W_`"35R?'/US#0:K!P?/+X3P=^)KQ='PE/)'H7T,U:I1?P+#>1UCYZ&B7W MIM\*+)@98+HJ6Y;YEZV.H2[4CEXX-EJ$7_SAJ75.6,YE7V2P9WFD,CB?.OVC:Q,@=]'CO\`!7B;//XK6[^D>\.\*G53GB#/ M7:)0Y7]SF#8/7PU#/@>#OP"X>+J^&P:V]A^$NN,AP`LTUXBZ/DX^T[ M1W/U7-`6Q0\H,2U4]`*.#3J&R"+9O/!E#:;?;%+652Z^DQ$AY=,M"Z2@J@I*A*`TNTLZC!]K4#>=LP@; MJ(&AJPW;'$16*=8JC`96M(X-;(PT=I2>;Z03G4)ML.CBHCDF$=E>&XH=E[OL M=2_.#F39=OPQ&66#\LP6%!DH>[K-<"ZNZ!VYN\' M)S<+-&*>.]W%Y4UE]76FI=F[P_*H[$N6"=_>#08+S^=0V M87ST@;J/7X>.TKQOQ#/PL57>*PRI$J*Q,FD(_`: M\3X'3Y/VC?6?=(7Z1BI[K/R72>QV"CVHKX\'WW(E+V&:NX>A:S"(JL\@NS$% M!E==-=C$;);%/E.=#HH?0(QBA9V9V@!DXEFP-[S^>MS/')DSIZ^<7TF6R8/I MQ"K+U;YA1P#93C8];F6^56'17N8T5U6>N?S$FT--N!WE^54R)'O$-H+[OP M'3+C\!Q\&[YYFMOU@XE>.$L@TYYTRD&_BNW@[\37PTGB;+PN-%+W$E7@1>$0 M,H6IOBNVOI\9.S*#9@U6&,5/FN)9==X7R(7;K7G42CB_,?MXK,71QS,8MO?; MOG&)G!\#MFYLSO+NGM]R M*#?#S7B;J=6FL>\".=]*9[\QK(9Z8W])?GA0>``'U.8;7?FRVO+'$M0J)@"5 MK1TN+9*;U5D,7.(K3M&$SHZ0,[5W=F5.6[OUHOXT*K:#TJ\2@-/V\S8X!DKW,;=H*6E@5ML+5S9677JKX+ M[>*F/<7[]2(E@\@+&9()2U%QRM(QIA1D"*8O57].8=#16[K*<_9,-Y:[38>: M"/53RARGN.LSV>Q'-*WG]D2N@Z9"O1S"KE]NDH`AO^PBB9\*')W(U=7%Y)1, M#C#=!Y\HFG['O/KTG'I#850M^7'K'8>O'3M&H5<"_P`S2\WS[P):W^MX[1T! MR_!N:/G\55X/712+Q.5DIT#B/N!\-3;QKQN+4)7B\=R$,+/I7_4/)U8.C5R9 MZH%8,%8/]^-Y:X8[RH%@H76E!F[LW*1$,&-I[%,J=`/7&"GB(1@D5X(:\J<2 MQ1H8Z.X[2^/'4N2T?0%I`LS(/D):NWFX*H?.)2RU#MA@"K/=^)=U5>42++KA MGTGZ$89LU52K.FKX\X(V]XX@R\RA=%>':](;:?:'L1<%!#>@MYDNYONRUEA3 MNUBKBPX6LK?@&\]/$[40MC<7+S._3B?G/CH^?P6=3PP6X.K MX58HXJ=R\[G8:P[L4]=OQ;?$;\'Q9PZ^^K^T6.W`.EM>=3TM=_5+HRX4V'?VE'5=DS+EQ/?T)>$*UL\NLHZH(=3\$ M1940";,&_6HQI:Z;CLAT-]H;Q8I[05I6>G9GSOHCB?)=9B?7WA@=C[QH./G\ MLP96^.OKXM(K6-\;E)S'HA89^3B4-$VH@9T,@<0CE8LM"D@=8Z_#4V^*JS+N M)`C";:ZXF2_J''VF/K8HKV")X8?FXW.C+K6X0/WEF.6/AL#T7]9@ M7;?FGN/H2QZS4PL_0Z3/F^XA@OG/G/1-&,JI8MW5=L>D"BNGAVY_'AH^?CPC M\`42BVQ-6YA7-4^LW7?_56*8@SJ_OKVBDU;-XZ M@ED(Z)^X3V@9C720?/#&6[8,4XS;]XN]MN(8-"3V/>6Y6AL;3BUE\TY\RO+Q M;F>_@?"2MXCOX/H'[1U6IT[VJ?I,B_%AK=70R#1"NL=:(^ID2HDB-FJ'5+RF MOE"$!A$K76)CT(XM6;!<8AT*`>.6_(7-35DM65DR53CJ&KKO'2[PUUJ7U662 M6H:YFORP@0+!K=E#-3JE@5ZX>*-FO/UCOBK:7IA?2`VJV9:<$96-A@#CDFA' M>5!`OI,]_A/"M\Q_`,]RWSY\!@J"N+J"0>OX/6X31%[ M?O4*PUV8+K7"Q[(S-?'PVP\?ATEFGLE>CC.,WC;]A/*\,PB5GS7$UMCI*'NH M'7H=>]Q%T;5H4MB37,(XZ+##VJ9/Q`\`N)7P)?P[_P"2U\SI/RO4)7J;N,Y8 M>2T<,R3<7AO"APS%C17BRBPW]9F2)`K!5WH)<=P`[$$KHZ1M\C&K=>DZIB%H"U9[3#.I;K+`;16N;:')B;Y\&=2 M76-OK*9[3RM1:NC_`'#V':@DOH3C6WF+5Z0E/\&T2YY_CO,S[H>Y?GFF(;2'5D0+M/2CZ M"G,`23=;HT[I5>UEE+"W&M^Z468('I#7UANHARORXW"L*G4$\\/2/21R>R;W]O# MZ1]YW]I2WGS\YVF)U&Y`U9!LFI;=[J*ZE1T^3]H1ZVUWZRSFC!>,FF+0188& MR!DL\68*M*JM&O0 M7/0]0?O,=\BF8#T,NZ3U'S@UH$B,W@KJP6E"<77(U*);O5WLOA(J&YFS%LR$ MKI.`E,_XE,T;MJ&%"VX'2DV'C).I*M@183'[!&:^"Y9/N?N4[XNO6><*9\E3 MY*\`7[_H0-*YNO3<^N^Y`>.E;^N=)=P%RW\"E"/)V/R^)BNM&3"X$;8G(6IK M0PHUTJT3AKM,?.1;U@_QJM!N7UOK^`@5&A=;[!(KHG4!)VV(LRS5?U'U:7-+ MG2G\P*Q`J@C7UL`H1K43D"!U*(>V[+%Y'5+35Z=U5U0<$I;V07!8X#;/;TUZ M'2.E?(&5X0Y8J+:K67#ZQ"X]'<=M6P^7OJ&`D<3-($'4"-3U8O>?VAN(VYBV MWX#*-G@@LE@776+:!I&N)@W[$LFU:>U^(-'F0WHE\Z*/O#1!949QV:#.HBEW53!/ MW57G$6^8_$ZN6"LJQ"WEN^S?1\$N:/#(5S4H+M]0&IJ)-1JQ4=1I*2.?5D^=GYFTQ31E6=<*9\%N;/2.M50+ M-*_$Z:RL=;=L(FP*@ MQ\$JAM2N@U[$2"G/EUXVR]H`U05BF^ MV4H(WI1NEY[Q?.FHS:!60NA"+*]9=USJ+RY\5`AU]>?:!IG9SC;,LF#F;82H MLV*P]/RFP<1+?*5Q9)BNO\)2NY;$`'0I%_+TAA]6_6`G:S M+"ZZ_:6/D3Z&8P,G&TIIK\GAVS,=F>L7;;C/M,1V77E-+RY8X-\_!H\OWB7M M\6??_):K@?D>LMMOT!24"M^Y&F;%E)<+(61>T40T4"Y%+]8*HVZ[+R@XEMM1 M3[ZI9.QF)A6&[)6#5@:G:(L!&#^&H65@SZF99;5Z$MTIU^2;YTOOOM!@0>=S M5Z6\3HLJ^IC;GF9=8`#R\[A?:MVS,`9!OU`0W:F>F4>4)*EFQ`UA>P=^DQE< M#ET^US#H^3$=PQJ7D\*Y$KUB9&YE@,U:O-^:YZ]YB>L:W?@0(QH^GV@V-+!T M?0ASMG=;3RU"47C4^DC&1S+7/._6=WZ'@`095[6XIA^TH=_S' MFIX/73'8/0]O!F"!*&NM4GOS,X!(V>+[9N-8#K?,^YN>X_N?<_@.7D'L*'Z3 M$\MSF^99O:,L-OO1TO(>D*7L[=3K&Z]]JF)U=UZ^CF*4.H#K/-2U]80IFW'M M+SU=)B#M0>I#A;,UVGW8#%AO)U@UIP>D.M<^`E:8(REO,>?=Z(*NJ'=)1+:. M9<(NL1J!-(4/A7M*CBL4OZ7*VTTQV>LOU=`P@!4#D2B;0;X;+5D\&Y>'M^X7 M(&+^/)K[PKCWS,!T)L1YQ'UHPYQ^9]<*OOHU-M1\C`F3SSP?;4S8F#Z\5&-- M"!7GM>`U*[P7D+YK5]NT^TP\&J<;\N92V*SG#]*-L%/-P=-J!3FUCO?1@(5UGW)U/=O%0,"9Q^8W M%Z?1+%!P7N&V]KT_N5+R]/[C0WT_U$J^*>JRJ^L-":^1,LM:4KZ0H35-JNYW MGUHV;OF]?W#$Q8&%49-Q2NX5/N<(3TL"NIGP0 M#MOOJ;0ID)XV3RUE3?F'WBM"7ETW*/I<]98N_I_<>\KR2NYOS/O$BZ/2_D0? M#\[0G0`^34\F>O@%F!K4T+D@H=&/:?:_)!KPWO4%MZ"M=`+G1!!$K8%EY*N9 MDN.VSGMG48JN:C)?:G2!%*HZ@SWR@02TQ[_J4FI9RO6X@:U%X<_8OPN='*%/ M1N[@STI=JZP(N5^D"T?V?TE.*F]5+@]1!QW6I;HBM2LYA%NK@US]WZF)"A5U M_IC1B^XZ>LYOM'O2/6XZ?W,'9S#@A[9L#W)]SP5PH57U\/,C9DBWI)US+NZ: M%8LT7/%3)C*%F6 M@THO%1>L(B;'6JM4*,M"@0:ZZZ#RGHP145NM0Z].[KAUB"=>Y3Y0@H^*)!UG]0PSN>48I6"YU)>`9G/*2,=FL*G- MDJ4HI19#=:E!3/8H^DOT-1RWS`)F<^OB@IT:N7FBK"CJ/K,N)S.D=-%.AOGR MA`34!T4?4BP(5,\C\S5%=`IJJ*H7^_U@O0\D$'I<\\QOE(EN'AHF M[J$0,K'P;YKFCR/J2B@]$4H[1CGV;)80'#G%&UOY&8$$4;=+R4@703+D6T7>>6F4#V=6*K``5MJN^8&6H% M@R9MZ12J'<6IQ5ZBEQHN\[F&VKLL&QLQE7OJ4X_JG.HF!/EE,D8960G%Z,Q3 M@CIX`NIP.OXC5TZ'TU-?7]P)*AR]?`1T>&1*[H M1KB77%!3(*T&.HG/&2A'':-E:L9)[=24*QV;QK#JI1E+#U=0*)7Q!'*.J#T8 M^F9,]I_4'S(.@58K/6X6S;#5@J\=8&NA5BH.%F62AF!E!]T2U?AL^4*T!%^E MX^2)I5MUR#E`K3/]4;F55#3><>4W35[>\T=!]_'C\!)V[D(-JLK<^<%?3B?: M_),D..'4ALPT`>87"\O"Y>1P"!N!ZZEWN,AKPRRW!SKO>MA]6)+XUHK<#>$- M>Z&UEO#7X:Z6*MTW8=#UN6`L6H<7%5WXBQ)F=Z_,/`XO=([?-\<>=.M11<^3=25T!T MH#](J*L#B@?:=T=4W]$)7%T^3F%-/N-^]S4X:JA:\ZZP4NE+WSOU2NJ^:O?` M1ZEZ&9::8?MW]34&HT[L8D1G.L\S[YA9P+[ERP*,O-_(7,/"^O,RT`"KV#4Y M,2_Y1'.-[NO)'&CP=,T"5?-BCZ'%*;0HP64HC,W:8=2A"A-+V9R^$OXOS4.G MT'A7>[?+./P5>Y)&NOBRS&JZK%U=G]P61Y3JCHVEF#M>O4C.C(JB5Z+`U7N. MDM.$T.*@%1CU9JJF)6;`ST@Y MH5B.:OFXZ#F+O+`AUC^O"HKH\Y]H83V]WR35>F\_9YS\_P!RI7P*@Q\D)\J[ M1V^;,&M]Y8U73KB,Y\_X3[WX9\FZGQ(-L=-=&7'8*YG<)W")Y/',MZOO*6:8 M/1]O$/\`A!;)K(,DK?VAGT#UW*75B6630K&88#A8B<,"9R$+'AD#'4-#GP;3 MEWUB.7,H,,Q;J^?[\*.A`M47->(L%6,..3R4)6ORQ,O1^ILWKV7#4:YEFG05 M1+*;$VY0U#"F(%!D"JM*T@5'>4BWG(12*+V+(^9ICE84<``'8 M(_\`1$0!RAHY:/6`UMR+.:;Y[Q$'(70R%JXS+T5\KG5>S?U\*]Z%=H9%IKD^F1#`&1T\/EUE>`L.!U82Q:-UC` M7STE63*LG-7!8!RMST:YF"Y]H5+Z3 MASL`\#2><^Y'&80*O(&L_/KXJKQ/*^OZGE?7]2];>!!W>P1ICDQ'5M:A+/2%P-5\]H:@^@B-) MQ*X4S1NH:)+GD)W5Z.M9RM,"79RG'G.C:7OK&Z=!S_4>)5.>O.KG#M#`G6_W MFZ5B[=0BFRL\/E*/$"CU1E#G7D.DPZ?,U'O,)]>_:">\^PAJ.H4/?;K4U3HS MSU])Z=,U"T?-F_,2%N`[6.6+.SI=*[%D+$HH]`'3.9H2-`4GBS,#-7.Q?G8P M!5]=3<:BGRH;QUEL1::/O`PQ1P88EXWYRB*[P"@JI(CT23KL:H,3-5,[K!Y! M,K"L)0T^T08/9!ZG:IDQG6]G2J^"ZM5.(8Q<,6W/.^GZ@Y%^"%O/SZ3SOI^I MYWT_4KU]W]3SOI^H5*YOPS:2D=60>[!9Y#3BJ1]8?!4Q9<=)V._I#2M:!;O7/@8S<%*$I:W6T2J& MF3EXF2=L&,;WZQDM!P[*Z^L$Y:0*CJ70]'ESB*`/=W!*WS>%1GAN:"T`NKJ< M_-,FBF,2_3":PV=**/+%S'+!T[>\>B/EK4ZEDZJKAUG$;+7[<$"6>[5G^A"; M(M*@]WVG?>&OHS^X^#3YQKFO6%<5Z>#QY[I0[TP37-]ZH].:\+UCOB]C MUJ?+B7DZSW`;VKE0NR!:TQQ#HOPITW]93M^&S3(VMS?,\QLJS=4P@:T;R"!'.5O"`D4K: M)(C=6_GK,4AIW(;2X1TYELVC*T^:TS&Z?*5:&X+U+YD58XTY57LQZ2[RVRV> M8AZI:8$ZTO.3$9/O@^L+K2=O\A?>6Y*C=X&`*RH"*?"%DDLZKQD]V#,SO!@8 M*M[*%_6%*J]*O`^?!/\`3_:#VO/3UA8*>JV_U8]0<@G7MF6N)FO(['=#`GO3 MSDZN?,+2T=WK-`<*7;Z;G.R[U.RU]'?M.!J\5J8MK+UJ-%%&(FF"@S(+R5[F MUQURGR9F!V>!JN^9YS(^RI_Z M!E_4REC\X<^RGTQX>_Z)6)_G_%])VI&`'T_C[:[`GUE\]4V^D_">EL+/:_SOD[RQ(K_K-_]=O;UP+<5Y^T*,ZW0\_Z/-``MP*_ MU[O_`#]K'"_;D>YF*K#N8?*!(CZZ+&J\[\_/_J-_]:P$C7=_/UJ8'213>KKI ML=G^-W`1/?LH/KV4-@/\9/I2BZ7&'3[$V;%OKOY]_P#J-_\`65&&+JUY]*:[ MM\0NS118"T5P+C^OB],)=^Q?T0CZ6T_,/J9"^J1O/RS["/F]O5EWUK^D[7NG M:]TJ^G?TGSJWJ3=)Z$?N/WF%Z^LONPEY[GV*@;FN@_<_#XDS-UE675]1<""P MHU7;ZVO.^O\`U&_^MI:1V#J^V4>ECJ9WZMFN?4Y+LYC$&D)=M6<>O@A)N4!` MKKHO]KV\TYO_`)R9]U%[=WE_4`H`>"`U?3Q+]#TV[AT%=H>IA./CO_5S[02Z^ M_P!-/9.\*NG*$^G@"9?2RVMTTQ"KZ)]I8\*US3QZ'/6F'7T0](/-@CAY=O*CM*M'8^`P1E;U8QG1D;OJ14= MZ@#>1P#UR7"LA*;6P\M_7<+<3W5Z-K'-CT9^I0>KDJE4?(63D.FEJS;GZ5#*Z]"S]LX^"A9W)VS9 M>7F?L8&\@OJ_9#DY%&''Y;ZU3B4P_DJ^JRB5'_J-_P#;5S+`**^$DM_&F\^K MJ^(E+S=*89;5=.4IQ9MA6<],2V`2S#CCR88)3V[/PRO5@4VY*; MUL&CAZRQH+ZOT7].D%`V`OEU.Y**9VK*Z=5]+T><:ZI;R@PAHEJ&'*K5[#T4MZU)B9..65..X>G/_A& M_P#PK%53.0'M?9U?2VIM!*+4/H#UM>K,%0OJO-.2XSDEEQNN0O0=XU=]-WO, MJUOM=NL0H-\X_/,2BH!AQA2L78B./W.UH[C1>E[3I,]\BLT-/O7$Q=J&KRM: M]7GIF`U.N,5V.18?M@T,10KNA9+HNRY4PBW'2"W==UBWFE"UNGU$:0+KU9,S M6'?_`(!O_P`'@B5-\\<^@5=00844&=]]>YJI&^$,0?6"KM#S;%C9=8@*:&JA M`OEY*\UQ%BPQI6BS(50R%X8=*_`@],/>D:FXT*!>1LNMO*=T4!U%#\\76X!Z M4IKFM]^M8F`!.`O!D>1;.&86:A:Y<*P4-CP4JK90'4BJ-V;H\X.1,Z(1S$C9 MH.JMOP&EE,T,*E[R^1"M6XJ8V_21X2'C_O-_^!K,TSJ*"U98Z1ZE,O"$;P+9 MN[Y-^@-+0H0T7YGE`*J!C>&*J<;`H.#F8``=!@'EZO7 MEE1[>RL#WLZB-CF)2`Z;7SMKTN%P2NX]RCTC`.JLU/!9C'=1(E)0<*VFFZ%> M;O,ID-Y"^Q:'1;,L((6J`,[P#S\XLVN9CF]W>*ZQ?^\W_P#(&_\`K:Y1&M6+ M\Z.<7!HBUHK%YZZ^L=`\RBRRP^C<2*Q6JL9M$[Q=5HUD/.&E:4G8`$7SY.J, M'4D>MDRWEWY%P:JVPPUT?W.JQ5%GV8,QDY&4.B^V(I0#9@R9"^_E*9PL!%UE MGVBGK'J@9;].[F.I.`#T'R9F`&Z!..U/G&#"J(OC(94KMWJ#H=8VFH0@@+TX MC:4B``&VGYAIA7#H6EGJ?66Q<*-7A=><6M#;'"Z4;FM):=3!Z'X@-EZ:U0O' M-U]9:&X5=@^OTC9C'1Z_*MU_U&_^LCC0&6BCI7UC9KZ"[I[U7?<-^$.M`]N; MCMPZR`.]GE&P4Z:;8KK`9"IJFLI67M#9S(L]VNE1DJ"EG8T;OZ3T'3>&'W@Z M&YM6K_NHL6"CSH4^5,Y@9Q]8V45>0O?T@]04!%%W=IA9VT7[&8,FVUMIB MM5?.X/9(=67HZ?M+?*;"@&AB[;9FJ=*:;R;.%/S&<5WMV-2^U%S`$5B]O-2K M6#(HY6Z05_']+EKKJ'`*'@IRJL'T)JPIHJN&^#G'$NN]CAAZ]DMN:-E3LY-G M27'`.SJ6Z_R6K#MGF^9<4N@OT@.GG!.258KW577GT@:Y`VC!A&\X8X(2:"Q13& M2][)LH)(G5I$98PI*@]Q^B*L8'2FM<&#]FHC&S@D,&T%5^(4E-=,U36'P<+2 MW.%U]8IPIXZ`;Z&*E&@*Z-'8[?\`<;_[Q4#8QD=JO!=9,A_.#7OOM>HHFF**OKV] M)]I`\C##UFQE-<3Z9]?.=:39[ZM0'+UE&^M:@9FJ8*5IZML M+\FO$:-5/+/+/+/+/+/+/+/+/+/+*](7P0Y4_P!RG^Y3_RQ")`NC?@(7+P_PZS$4()-]?XP^L_,=GY;FWK_`,9' MS#K\=G\N_P`O^#[7Q37_`!.IO_DOKGYFKY;FWK_Q-V=)6FLVR[_.^*K#^$ZE MJKQX/\SZN10+\&OX\$SNSNQ'ZV'6!"JV=_PE=B_&QOLJO&*9^'T";^D1:-32 M/^)VZPI;"\J+\AQ]`$0J=RR&6CX**\0J=P"T2WA-PUX=R6,,>#*_E^O\5K^/ M?XOLB0FMS'/3I<7Z> M&6!"]/R)LAW_`,AN6^13'=*$#?24,8V&27N?W"5T)?F!WI*Z'O$%^NG[B!]= M/W.P]X<%/>%_/4KME%UJ-RO^#ZOQ6GX]_CJ\Y\GTC]?\>.KX>=/.GG2S^\O, MVN>?X4#6?CZ018/Y;<)[4!MR>1*86Z48%KS@ZQ3N)W4`I53O/>?Z:4/SLVZ^ M\&4TQRRU"->?@.5LH_X+EY0P3>/#3XDH1E'7CN\2#X'WE(2ZXE9FXZ[S.S@U M,OI^Q.PG82_1/F,[Z]YV,4[$>\+J=E\;HG?G=G=G=@'7\#;J(&_#._@!5&YV MHB-.YD1&T5B\$L#Q_P`9&.52E%:\##,$P>"+$,5^`[41-QNL;B8=PJ[&XK=# MXT]S\()$W>-"#G^6NK_&YW\%B_!8\7XO^1^SGT!_+Q+ZS_@D+0KVA;FJ\IY, M9A"S/PZ3^!%-0;G!$O[,=^('&H+5I*P*QXAWI@$[L_`J M+\)%;*I'5SKQ>H$#M(&IU_EJ9?";`$^!KU1HPY^#ML[;.TP#J(GAVF=MG;AJ M*`/)'T#B.6Y3*849W`F-_$ZOA/YB[;4Q-W1X=B4;/#3XT-RPSXJSHB/Q;-1T MG'._Y6TT\=_Q&_AN'QC9Y31XN_C='PGQ/Q'A]A/IWAI\?3\=]4GUK*LFG_*V MX/%+*GF0*#X#?PW#XJXUN*Z6U*FS=?/,4Z_/K/F_[&SQ2)$STU!E!/>=Y-+H ME\&OA/B?$E>!X=,\1#>!IE"F>9`I456\(&3<\Z>=+E$^N0>I83MG]H-N)_XB MN$[#.Q.Q!7KX"F4#&9W"=R=R=SP>)?ZY>V"*\7!;_I+_`,I?^4=@^T7Q[//F MG]1G2H0BN@^$^)\3Q/"TNTHM8IX,I*=9W)3K&>!$62SPJWO52]<+CO"=!^\V MN/\`LMO@T(DPZ^`KC2:_B^?@^)\3\1X?:3Z=_)\TZ>'R\Y]S_B943L3L3L3L M3L03B=F5"9N5.;L"BHE%[HID9*%6L$7_`$1@O@Q4GI%G4N7+E^#\+)* MJ(3CX`8%KG,5LSE[5._._.].].]._.].].].]!C'#^(/G=XOX@V^(9]!_`/CD7TE=KF97*4JA7@QY0FN-9WYW9W9W9WYW MYWYWYWYWY3W/9\3[G\J/=OQ?X?IO#%67,![_#I^`#T)WX132I]_\` MC?'[C[3ZK]_Q[?$;\&K^;+%SRSR3`5+EB[ENLMUF/+*]97K*O/\`"/H)3Q]D M74W[_P!2P/D>4X7\O*8./R\I\O\`B>7\O*4"OR\I5`'Y=)\W^D*,7\NDTR7_ M`-3YKE_]2_\`J7_U+_Z@\9P(UXGRGPA?1X&6ZV%1\MP4CO\`Q&/'/!7N=,47 MV\$\@?\`"C7\*.CPK19?^"^8OLQVG;QN#Q[V\751%KXG4>9R\2_.Q&"GAG7% M0I*>_/O_`"F_'^J_:?8F[R_F!Q_`J5&KOE965E9IG@7EY;P%EY?X#3.T6>L? M\#J;1"]&4B,P,=X_5_J?[/\`4Z7NPJ##U@^G^LT725_.:>ZO:4X7I71>+H%Q MVS-B*KRRB4.WO($.\?Q[>%=#SN>CWAJDM,FX+_L.C/O%01>XJYERAQ>M0G;7 MU(LYP+Q*])7I`.)VIW8V>)-CDEA&4F;>_P#P.IEE]<];NC6XM8$>76JW!YGY M=I:5E[S_`%Y_NL`M:O5CT/!STB_4_GI5?HH87=&=8SE;-G"98#/%?F-IT//? MP>>>>>>7Z_`K$\LSPGK_`+G?^_\`Z3JB"ECS0U:P= M65QRD$R?8ASW?/>*/;/![7`^>\7&(5O^X7 M-39Z>LK?J?\`#TX3&=7CCXC)Z0+K*;A>F/Q*D('HQ2H=5>K#.B5U8=,K/6F9 M>X\*04.7V3TBUI3G`:\!#K%QA5^F%""\,N1.9+CHVFHK"-],U9+6;>LIJ(XF&I\FXKO[Y?3]<*!JW%2NK MTM882)3ES*6K7_`ZEL$+05>CR>V([WYE/@J'U?&JCN2AP13UB>;Y7/2>LH1: M><&56^O[B+^S]P"D9TS4&6=@NHO_`'?N"HW?I'V&,'UKZ1\$"CY?OP7&5>W]1NJ]G]3MO8_4W``S9%7\M M1ZOA5=$[$3E4"`:Z@*SXC:$OXTW\$TQFC_@=>'F8'9Z^<=[@!]/&H5U]O`(`HG8Q@Z3LP7'Z'F3N,[9#0!X+O7/Y3+8S*)0, M/:#P#<0J":SP)-J!4%D`%KLGF!\2&F*V/C84*W)A!C;"*ZF^O@GXI00NOT\4 M1%KZ<`M]N?YT_P`J?X/@R'+Z3_*G^5/\*-?X/[G^=*J"M8\N\J`F=]/W\%Q? MAPM%=:7&;EOA%T@YP%9X7,3TCS';T(K-Y@\N_@OF^1/A,>W;_7O.^#P`*S`% M$=0#Y7UGS']PROD]YH&=>G@S4:KI\6Y_!]J?=\`,*C\$%\P20PF]4[:=G#3) M9X3LIVTU13.PFBTG;3MI?PG93L)6&(Q_.F6W@[^(\>U?V&'V9]?#YQU/A^R? M"SJ/O03_`"H]->45N(Z3H3HC7/K\6Y_!]F-`W!D&=@@!KQN6RV96]?PP."95_.M\=0Q-KN_@OP-&TI-&FS^@>'RCJ?"ZQZ M(,4-O@=3LR#3"]2-$J051Z_$^1`V^-W!30[X5\]Z?\5`_/Z,K6MXKT_AK^(3 M\A\0YU)"K/D#P6A\B1'U[[DV^!6>B+#O'X'4SQN&T38[8#J*G71KGU^+2;_ M`!_>?F"VT(\R`:`^Q_Q,+YQZ.R)?=LZTP^@?].?MN1?.X>"$&09S-\%JZI^H M+=_:6RV6Q6H@$&%T@Q/2'A$J>L4"W7@)ZI9X7##+CPJ5*\;YY_F%<-(L%O3[ M7_$!U%B/^E$0&LQWZ!F(^_T)7@`_(8%C\'#NR^W$H^K?IKPJCU1JFCP$-AXQ MZCP>KO'SCJ?#=%[`^[/+#&8 M_6..H`P4#6SU\+ES4;(Z*]?A9AH3NSNSNSN^"RSX)][\R[QRRV>Q+K?X3_BL M_`*&DUN,6X^^K]_^8)1X;A`?9F2.N\`#X#`-'X,#;K=<_P!2R+/[SOP:>4!, M1U&Y6T*T"E'KX@WJ.H$(A:-G\.[X!(F,_F6#B#`'V(SFS[+_`(TGB#O_`):F M'A3"OM"/OJGMX*+2&H@L_!K.V.^6"7K@J6>$SE'4T^`\37PVQ^M_#N^#/:/K M2?*.G_%\VBI\X&_^0WX7X_)]F?8/OX?*.I\/J'[CS#XS='&:?`1SX05#<1%;)17,>?UAW"$W` M^X\3)X/A"CI-=.N3KZRPZZ_!VR,W8'XCT72(0-E^.A=0_1,A7X7EGDCCKX M#3PUCJ;?+XPX_#]Q^?%=])_XD3+\4M]OYK'A>QLX3SP\J$)4\.%Q'^#4-RK" MV)23;51+*=0DHSLT%K&88;-LL])B=X`;_%^H13^WWB@Z"IN^%#$I'"),)<73RKK]IZ"!$]P('\?!RJ#=IVJX>%`L*KSK?7'LE_I'`^[\(=@\SE` M\F@/6&`,9?U<)5,&F33HX-^7A/KRN(@+NS,4?E%O*8]M_.).V:BMBR8C?>!0 MHG1`X3\@HA&2SV?W$^CIYL\V8(VW`FM2NFS]2_/6.7X39\'4Y40Y:A%+GFGG MGFGFG(S@\4`W.X>#4J7EDX&6C5^.8?:1Y3A$JX_[B$5;?',$2S7_`!9AT'TI MGFI5VZRDI[5X"G/UD#A]0C3B/3]0+KUF#MY#.[%@6K5O/?)%P-;3](PU=\?E MJZ:C_DWPI,U<1,5?\`+J=AG88[2R0JKKN\YGQ?8^+CX?, M]9^#P^W^(>%QV@/^+ZI_)LWY"?.^A!37\^KX_9SY?5^(ZBK4N\*)Y$5:\51? M@6;?A\B/OX6:[1'.RO!X-4GX(#PL1J:+X)!@S+=(#9W#L)Y8ZUKG0NYYT\Z` MJ;8AS&AOVG0NYY$J18U-8SRD>K3<51OVEW^/XW0Y$%&=[>V#4"+[85GPK('O M-;?QZOB:O2CM&0=_.&HTU.Q+CYM^#( MU%N&-OH_J%QN7/\`DT9E@-,P"5J7,^57K',_2_J!L%"[PZ?*`:E_W_C-POTO MGB:OBV&63+7C3*93*9R\:?J1<)ZG'OX7Z@FO8CW"!'(E)S-NYE">S%_W9Z'N MP(!+T;3_`%C]Q^'GD/I#!&U\E>O:?V:`1NWUC_?\!A*LKY<3Y!GSS!P'O.U] M401O#<\P(@'NAC7_`!/SO=\;IV3Y9W_C=W3[T=GH?@_4JL?'Z_#[$T>?\!]C M/F^?@O??W`@O'J_N9.WV@5"/)??Q^>6J%C?I/.?.*W+()Y$'@1MY^LQ'U8TWV'80@9.#<^Q.">\U_P;?%+M MX&&$9]7@[GV/Y-_CK\_`^=[OB_8_R?3U++2(4A'CY0VJ76IV&"G#.`W\'_WX M+&T+ENC*>\IZ2GI*93X='ZI\D/O$EOR>D,-\OM.'?/K`!*MA&>GY]9K^)U>? MBZ^-&G3!VH^/V/Y]UX?R?=\7CC'^T3OGSZ2_M,?/2=E\^D`ND(>BY\O_`%/] M?^H_<=/]R$KD7N:@>I^L_P!`_[O!_':5>G?P/QQH^$JF+4WL"![AK MXM?PW[N%&[\%J.'QC#7=OO*^M4?1X_8_CO7<\\\\\\<=^$J_D[?%S:7GI'": MG?>\Z(^\\^7:6PU4CSKP"[_OA5MXS(``2NK.:7FG^WGUUC]Q+7N3.58N\_%4 MJA1NIT<"O'>A<8T*.4JNO@:M5/)/)-?\&T=?&+'7]PWZ#X_8_P"#[4^=[O\` M!K'?B=?3I8K^>ZS?X-GGXZ_X77P\IM$T\1?3/'['\F_Q74^ MU/D>[_&P!#J/@HBK9K7#[SZ(\`W_`,==GGXO)*])0OXB2(K7Q"W"0<8_M?S/ M("O&['VI\CW?X'ZS.>%W-QE>WPX@*?DN>Q$R7`_DE/# MZ+X:UNXYO^#=>&W\#D7\WV)\CW?X6CQ^Q\7R'?\`X1]%\7[G MP:?QC,+Y\."N?GGF?2OAU>7\NWRC6&UFOW35\8W>8?G/"U[@*^%99F:Y;/7)](_7\IMG:#BTA#Z?DCP= MGQV62`;\#N14#$KX'E$&NO*(=<,O7098GLY3'*!;COIW4`!63O1S#X#OP?,[ MD?PBQ,'14QZP[_'I\4_EC#M">5CX=7E_*%M03?+/+#;R^/9XK(>7\&/J33^= M_@<'4SY4BT+>T5JUM*SV@^H5E\O>-2J6]#EW#_L(,A&N/]8.X??7K/E[\PZ5 M[_OF/Y/W\#IBJ]IEE7\KB8BY9(K5YO>7Y9>:0FEA(5T; MOM`7F?+W"XX=SSH/EPEFXEGG2\TBYWF=]F<,K-S+=KC>J[?PJ1\62= MKB>@:^OQ]SW,[GN8]R^YC1`75FI^?UGGE+,,YD7R]V<0KS3RY\C?B/XU^KQZ MJMOXE^,8)[CZ2^9?U\.KR^!`M\$:6?'5XAFMP"J>B:GW_P"HV0F\'-N3CM%8 M669\%T,WJO`O7\GG#L*>L\CPA['Q!Y;^.-%2IU9684+[SEG5WY\+Y`>\+M?4 ME/[XU:%V*3S$\Q/,3L,&[2_;P2GS&%-6?; MN7G>9E2^^I\Q_<`*JZ)2NQB^"M[5N>=GG'A2YYB6SQ[!/[@*>&>\H\0;N*QU MX*/$,^:EN/'@:CKP"KHEH)A7V<8\`E#B7\RV+V!9V4[9.W.R>%.YX6?YDH** MGM%K3V_EU>?A5RGXOO%Z*_.(ONZ\5490ODCHQ6G2^-RX6^K\SO/='?>Z-Z+I M21WGO_<0Y.ZR8QP[)^(:?;2S_#RWT^R<+:FY*?!E0H_G^+I$;?RZO/XW'P]Y8=XM5N'OXA<)CEN'FBUY?Q(S\#Y8 M/NPL[(HZ5+\9F857BO4_F;?Y_G-_XC8'4[,[,+=2B.-2WX#HF5O+[B@I]8LPZ@81B>LN7'9T M3K7P]3PHB:5`#,=_P[?Y\6D!M\8*T3LRSB#"F/$W*FWAWX&GAHH&C'4W\/G/J)]E\`?3 MOS'T*6V1Y^?`,SC MS,14WQ]0IE(AKQ>D\/>6E"#`+6=_U'Z`\7[S MZL^'2;3A3R%\0RV4E'7@Z,2@W(UIN;6\3=M_-9G9%XB$)V(*C9'WX4?8!]H. MHS)N5<9QI%.IS%(.8:2.HB#<[\$TE,N(-^%>W&U/29.(9TS-MOQ(LZ3H)2.R MFJC_`!X@X?O,P;$^$N7$4"S#@&#J)!64I"E MQ2Z82\P.^/YJ!O4%)"^"@AYAL4U"[^>9\H04X&.W[GEGYZSYO\`L/6I7SUG8_/K+FGSZQ%AKYZSYO\` MN(C&8ULWXW1X%.U[/Y/M?NS;X;"9,S2CVSR/!:6B[CE:^#;.>?A0BA[IFF@9 MN_X>'G\(`-F&=U@O8P')N:F;%FV5O.?Z;W31W#"L(.[[I:47@ M\X/:SX\)UB#Y-FYL/I_)TD`??^X8C67P@UP=Z@MGL_N-=BXH_OPJ2OLC+A[3 MR9:".F=U@]3J4!?@0,0(JJ$_J,,W?$+0\5:?X/O?\MS4']P^D_?X$=I&58:X MV6?Q_*,Q.Z_"`HYAW14T&BM7:6ZO`KIX.-S`&4ZPQ!O$"R_!F084:B-M\D++ MBB)H)?PB:E-CF;.9_C,"?H9VF=B=CX+(+)YE'8LIE/\`Q&B:OB,;//\`ZE$; M_+XL!V\)0?B?OSN`R]'%)7;7@,@*KXE9*KI.U$D.%B* MJ#1W'*WSJW#K^(F7*[?:?>43W5./M,@5UQ7VGS']1):7C5J_GI/FOZ@]H=%7 MW*1(/"P0,7J[L9QC9&9H#YKX`!WYR&O`\Z$^$^^(N::^):&XG?CI?;';\.-: MFXZ?O#@BT0K97HG;1X%LMELK!PEHW;AQ`=Y\B_O_`(MWQX^?@(VC[+K!KZ_' M]!0-A0KB$U>ZH1=W4#ZI)).'(/8'ZSW'0'KX))LW` M\B^QBB[$XBP,N?%YI]WX"7SW-C]M?FL[P;$ZMON_\`&)Z@8??]Q@/)3N@GO3WB:QCUYNX!3G4JX[9/DZGI+7_6;@Y!H2DR.B_?;<[(4^SD>H0$7.72%7U"M]VL7GE%1]4[LN\#]23\1GTI/S.;GNT MB#/#*"&X!<(?>A]8JL>C,W3W0<0=G;S\*2NJM3MO%P[JJ'=CO+`9O3]%$;_"6#AY MIUK1[O.#0S11Z(?3P"VZ%AS5M`::ESC>)K`M598F"D(0K>(]SX72.JM'NRD/ M9`)<:Z"-*BQ5QR/7EQKBZ%K(T8U$U-'40=P!95.CP3.6_;A263SH5]?L7G2@ M.>3="RGE-3T>"/*S,*$^\U.BZ?2W2IHQKL5MU\LE?(#_JV>7_`&\B!S5UK"/9+I%6 M*0];T0;H`#T/ASIV`PBQNW7U0&%VP'$^-VO09R2FQI)S(A%4XR4=6IB^S@]8 M7"V=5JJ$JP99<]V.["TV(V#.<#E(U'J&035E4@X4#EH[1KK[LM<%%KH6JA(O4#3AMY4&",=L?1EE5!UHEHW\0"KHINX(RW MRN-"$RJVO+@H8`_[-GE_X=@U=.(QL670M8)C6P;!NM@IQSA6)CK2C*"K("TP M,TRQ7Z2VCDL4,H+9E&T<(+5D-,K3>Y>U:#CG MY6'&]$L0;Z M#I;\^4'06&!4#TRRKJL,F!%,I197@"63:\MK,=ZP@ZZLE1TW3*CBX&LSS=TC>17=M6KM99118SJ:CQ:Z. MS=?8= M%CXC;!>)RXBW<:JJE@*1J`JA2E%@&\%H$1[18^OT>CC_`+]GE_X`)L$Z6]9. M1B[J.,MUX&Z#"RLC1K++;$PM_X[(. M3*;_`.!7#7*Z:%M-K24QX:8IL+,A01O/&*@''0D4P6R"'B1$%:E5ZKM@38#$ MPBO<`*\\K>F7;Z8;V:@LVTRV7_R& MSR_ZC>=0PV9+%D`K38Y#8!MJUK.X]NWX-U@VT+2X>$)=2&T,`0_D@) M.U@*E60,E-0KQ_+8C/HEWZ\N,**K2"WR;Q!@CEQD/= M2T;H,5>\Z:A-&*4.@%@?]6SR_P"O!&MX8&3+'?#+H%6Y<+4VMFPQECQ9W;F>)3. MAL4*HSSAJTP!F[DI6J,FY`4W"L`Y"VKK>H[D@(RK@6VJ,#7*%*SADV(<8VH# M27I#5)ZZVO`*]&L/7JFRPJ+:WA[9>H'@E#`M3-+;=^&Q(XVG;!R^:-60#;4#B)8%BK[\U,/M`[*7%U M1-WFJT1(^4&AE4:Y=69QE&>2N8NA&@4T+2HE6$+-"G'?L5Q8]!Y$X0(YFF6L MRZSQZ!/>T@AD#@Y.Q1%Q0%@41W7_R&SR_^0V>7_D5\-?\`A[/+_O12L.'/TYE;6\'B M5E5V`47=KR]20%V*./>6<$LX4[`Y<280XU+!0A4#8<$&/L!$ M:*\I4-*40[2@WWY,X7(1;<0,1=GZAIR8TRA.L2LN4M+NRP(+&0VQKS6;YY@>A]4OSG.]TE6&@)DW1I4%[#9G-W9AT2^D458TK M&\2G9+O;`H.'*63,K>VX45;6<'*!2A:7;=W-@?*AL"@MR@U=NUBUS&ET;ZZK MF[N9.)1\"NCA<#NA6("@VU"RYL%%Z6#"_P#?L\O_`)#9Y3Y@_,^8/S/F#\SY M@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/ MF#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_, M^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\ MSY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/ MS/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@_,^8/S/F#\SY@ M_,^8/S/F#\SY@_,^8/S/F#\SY@_,M.A\F9;+9;+9;+9;+9;+9;+9;+9;+9;+ M9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+ M9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9;+9_@)_P$A7])*)?TD_X"?\!/^`G_ M``$_X"?\!/\`@)_P$_X"?\!/^`G_`"$_Y":OU0I>N:6+(??'Z(#I0:])YYYX M-+^R6_Q+?XEO\2W^);_$M_B6_P`2W^);_$6%_9//*<-L9^7,JB?3^YVGM.T]IVGM.T]IVG MM.T]IVGM%JI[3OD[Y.^1)8Q*7[NP^D=[#OX=U'NX=_#NH]U'NH]_#NX]W$+0 MY1]M5]T_:2";^HG>O#QTL\SX8)O^%2V6Q^Y40$IU"LL\_P`Z0`8\-'P8QW)W M(CQ"RO`>?=S1Y_`KM#HEO@(U._\`"J:CU1-#@)BC.ZG=3NIW4[J=UG=8AW"_ M?@=7$%.IG-PUZ04^+\5>%RX<>^H`@5&F)2MZ\*+3X'"PDQX%7B`WF&RCQ`5O`3!7G4J:Z31Y_#5RT33XX)XFL<3RP3)G7P MT8/&LK>-IX@VOA%[D.S.S&G4HE>`M)LW\`0S*"^%LM+8:CJ6\:(S2?0?B&3< M>R7-RI3'&Y9+(#GP3556/E##M_V(Z\:=[3SO:7>8M3YJ9S4[T1I!R\`!V@EDQ,+%SNSNQIE/YV[ M\+0U'7A3*?!CJ60X_$KC]T^8,^1?O!N/T?U#2^E_4[L)&J_.:? MZ&77)9\J2SB)^Q'4Q/CZI?YE7+CRA#8T;!`(]9S`>#83+9WBA4)>*KTS/]H_ M<_VC]PI0]4ROK$_VC]P"/68II]YT?WF-#ZPJEN=2]HO!&HM70_\`&;N;>+KP MT\6*D]I[%^)E_%C79.QF7\1=0Z,Q2F]S[D\OL=2Z&_AM#+"MU*DOG^$!W$Z3 M.T,2JB_Y90K]4N)+H\FCT#4_UD_UDI142Z"NV)_K(IEN\Y@Q><_+ACXDR9[D M,MSM//$T'L$P`,*F<\O^`C3BX1;GPHE'P4FHZEOAD;USY2YQ#.*?PE/?.\CF M+*\(='O,-=/7_8<89EIXK66'1`F7C/?1.W.W/) MSNRF#P[40WXF_JYD#*X*`[^/?A&K/G9#;Y<>"-P'X*?Y&1XN%AS\-RR62R*5 MXJF]H()4G<^P<,QE/,N2FC]IVD.Q4CY9\&`+HZ/FIV'UG:?6`<_A+.YSZ5-> M=OFR.4T>GP/;-_CNG\/YGD^"=_PWS/GQ>WQI3NGS#833ZYEZ[OM_ M`^.QYS3%3P1OR[\X-2[>\T-_!VN/$D$Z\I6LH+E#7/P4@<)H;\:0K2:OB=?P?L^-]7_&KZ1] MR?*>7AGI3?P;OB<_^`/E.Y\0._X/;WVG.[D5SY*^$^(\/.SSL"BHHTV3:U\< MVB8':$,BWT>*:>$@J4.H1#-RB5\*LK*P6(`W+)P$J5`6&\/!*27.M1*@C$!6 M_!YDN/`#(@U3X!9!O!\)/"%/$8K!:F#:63M,[#.Q.VS`S`IZ0@9W/,GG3S)YD M\V4OC6ZVJCE\I16F5"P&_E-/B[D:QYT<;O%*/R\&-'S24`,?"V_@S!9_26O. M(:WP_3XZ=9W)W)]Z'PDH-UX-ZVFR;^#IE_#>:QW?&CP:Z0W3"4B-POX-OA^J M_,?.=O%\Y$I_&4^S/GO+XW?C]SQ(>B=&`6&)1 M:.WE"\(J54Z>.G"(J;&-5J;HC4`BMOXN7A0IE7JYJ>P?EK]RNA],W^>G[FGWI^T&MU(XO?G* MP4P9JO!%T,'*WCTWZE3IA7S6G^J_J%;?9EZ6],LI.C$QA.S6?FH-"_;%SY.Z M2ZITAC6W]/BUO&4@J[EXKP'5JWP7E+[P!50+3U1-D5ME_(E]T/V/!EO*(+E1&",X^%,J5X? MP[\:_`SZCP`V)FY5#GQH5X;PC$+L/#,$5'WA4>AX$=THTPPC277*RL.>?X*R MOH0?E!82"_+4?)>4VSZ%_*[Q.!GFD<>7@S!P8@\$MXENG M@)?]_P"I\UCVHS*KQZUXKVW,V4%POKQZ=9398J8O4E_D)J0,04;A>;*HOB`W M8>6/G_VEQ-+Y9B$S'E^Y_K_U-A\DNE95+>OUEI^T\LS8LRR!K?X08NQ;YGUF MB*[T5]65_LE=O;$HRG7&VN\/[#<],^$+\%`JIC:Y^)+*\3DE>D;SK/HJ!`)4\L#I?\'3FX\,(IJ9OI^!NI*'5*RL#<&!F$.+F$X?$ ML;H0D.']GX`T3,[4[48VT\:V!KZ2\=IB!MKCPT9><^3"[&H5&OEC%-N!#RJ? M(?U*,%7E#6@WZ$(/A_7:"/$Q-O!_B-/#9Z?>.G^2\]7?Q!1/IG@/"LH+Y\/> M?BH-^L\2KO"%XC1*9(6Z2DI*0Z@J5A!#*0R7#1AFW3,3Y?RZ/A"@7O*#U3M> M'VYVYCSD?26E\[CW>?YQ],+^I4N'\P&"BV@M3:$VU*5"UNN6G7/!)[>WK$(?!5Y8R]-?2'L2-N>"`[@\!X.GK,:\%^DLTU+=88*EJ\KCN)6I?/I"Q M#?)_4:JA^W'$3!.`\_:?I&'@S6HM%U.M:^DRWU+N91888,8)F2&KK"^=1]]& M<%"3N>'G^>5*L*Z48MM^)TU^7_`:/.:T(T4!'U@+J\5\#9/D#F-IO_-%7N,: MUP5?OX;UZ$ZQ?HFG@;2TMX:RSX@<%^#+&8T+CF?;H7XE6LNU/Q!@&ODU,QAY M(.4W=$;M0WI,XKV#[3(W?./]E)\J<_6'+8>:S[U8]0*"NSG2]5&Q0<6P-3R% MD-&<%WYW-S3@?(2@3')?I5M\X59W>,+#\*43A+T>)5E9Q?OBH-`P>QTS&W`? M\!L\I>#:$RVEFKQ?"[T+,8DXO,ZUZ9<"TGK`K)=&KUG=W+>3!+E M2K//13V(\[%6UZ*,ZUX!8G561?H`ER-7/403!&G7,9`2G>#A#S-0`3V7^D)' M`YI7EC](42!Z>U^&`KK]@A^%"UZ-2E,Q>/&]F5Y2<26RV5:A`38W1P^T5BLR M!V2EEM*&NL("ZN#2,J;1=8K]R1[O'W53]P!2G?I!\A%SGT'UN=`O3]3:\W.Q M?G+\GE"66S:5]H,-QQ6?`NWD_M!>4`E*0M5^9H1[2X`GPCKEZQ">Y3#OW$JG#/,BLBWA.PEO2:$? M!]6^)UX>9F6GK7QCW0_$J\)=_P`^OC_,.C_Q$8/QHY4OT5%SWS^S?W'[KB5@ MBK7K^I:6[W<_2?V)E5NOY*3,Z[K_`'/GO]P%DJ\Y9BDOF7Z_`+/NA(5WC5 MUKSS00`HK\V$JN1ELM)YOSE!J6WNB$`^%`%NIW9F(KK";UYSCP0M3-627.AB M(T[^&T1V9Q"X('[RD#X32NT_>*@_.X2<<:OBD7*Y'N3M6)E-!,"(N,VUYS_3 MF:^[SH^[/]^,(90;G81*NEEG^M_4%_=_4;A79E^!7SBVX=%S#98Z(FCA_`M2 MOP4(AQ+34V_@OU=^\I3:;CT(_CXGP4Z\_K+3R8YK-'G"[0=X_M,6_E@5=@.6 M$,9M?7X#?AI_`:^;=9\UW/!+#'I898U#:9]2_P!3^VP$:-9F>\GG/]27:&]O M\GRYO:?)_P!0#0_/E'@N^>T_VOZCMC\NT:?F^T_N_P#4^J@_J`ME_P`]I=!1 M"9^2L8UNXH"D?A8>&O@:\=H;A-IM_"-,.O\`IX?1OX^'ZV:>3]WQ^Y-'G'1) M?)%]^]`EMYH?4#FY5NVWEC2/1\!OP!$S*E9)I;KX[3-FXP35!Z5J%7T,3)G^ MK,E.SB43LD[7@4$`R,[J.8N9;*)1*)1+9:9=C+U-UKO$G2M?OX6'AKX6Q9\- MIMX42B,3\32CYW`=R+W:\/H7\?"ZU6EPC9Q^<[T[T4[FCSA$S+P[%QDT)VT: M$5O\4)5T4]N<^"OC7"6_9*;R5X/BT_->(6_X0.U&GFPXU]OD_P"_"'B+);PV M\-IM\%OAS+B&-)4=5F/I7A]2^Y\-D:M+;OY&#GAXI@2F\_@[JL^5^OQB'4CD M?.'X_IWV3[QX.^<=?_%Y('UE/EY7\-1W-_#:;0*\#?@[^&I6^\PGY:\/JWW/ MA[C)"2YO%]B://X'3PI-A^\5;OB#UI&%@R/W\(0UX$%-T^R`[5/M`T.F^L;" MVE[V_P"),>,B.;K_`(M)0>%$H^"WX]=2Q,*M_P!>'U+[GPA**5B,`1VIVIN! M-'GX6>+9&#)Q]XC((T#<"M"E.Y4J,'S(0O3SA[SR/>7[>\MV]Y;K[B5!KW@7 M&X*_9-&\?M,.<7_'5NB_DB[J_P"SXD\7_@(NW^9&?LOA]2^Y\/3@RY\Y='B8 ME(1F("IIX:1DY.)35$N2U_.)6M&_GB4PXOYXE2JIGS\5:]*CH2]D[_Y]9PV^ M?6=U\^LXGW/[B1$/=]*UYQ=B2X1K-5=#-<7T@=.'XGG=G8]_5_YJ^+\KT\/J M7W/AHT%LQ*E2O! M.RQ,=\Q@X,S44?F]D)H%#Z?Q*N)7^;,^29OT\)B M;!BJ.O@3HICT.=S".+G9B#B8]>(H.'J_OPIFGP%2&[FLK?ZBB"=(;^"DIXB0 MQX0-\A.ED]R(P-:^MP]/J1JFW[W_`(JWWK]X<+C>N/$^"DI%/#!E/Y4+:O"R MB.THV9I@$NO@[#=]L$1F9:\#NRAK/M?+!49OXOI7WGS/2:?*&_X-?#"?-4M7 MW_'@-WB^]_XOF\S`\T\0*^!W\6G\"7*?`^_S<32?2OPW+I]B2J5^"^_S'O3* M;SAOXE2&[@H=(OZ0PO`AOP2:E_`KP'FRJ2IN_P`)2=J_,_$S&V=\Q6_SV_XM MX"/)9]P_'V\5\5^$6RG@P_BH/QK5SG0M*D:ST?%HV-1]TQ8R\L8H:,>00!6M MKP=3$":2IA>M1@;(8^ M0^';G0,*G?G@BR>P\XP5J4_S.V1S(@52Y^`*CXM_E/M?Q#4X_@?#X#WP_6S] M2GSCK_Q'\G7$<'X%5XEWB?&^%^''BXC&X\^%5."$7R_,]@@/CD1ZQE]XW#H] M4537PZL.4TJF%.^";OVOU!R^N\W2[-?:"3B\?-3_`"Y:H+YEF/D>L?E)9L-L M1KG\TCWGM._G?1V*5ZHGQ\_2.-&R<6I4K7[9R^T1CG]QN8XAF=L/I.'!.W3\?":_9";ADO\`;0#7A!R,UISAJ^9A&>J\>@\.#!GKV/2* MMC3+S[,P\Q_<['M?W.Q[7]SL>Q_<['M?W.W[']SL>Q_<[7M?W. MQ[7]QBWZ/[GD^$JL?F?W'QL#\EP%DKY(UA(U9AR!ZB?C0B[!9=A..@2Q2<+\ M>\!D:+=SS0&-(>01DH(A0O9%0W"U^8U*,_9GRQ$L?0E`K!%]7DE^OF3HO8GS MS^I1/'M/F$^03=Z]IVOM+XU](AJ@P5Q$``.'ETE[<+Z[3%K9ZSTE8#0_XN^G MWY<(7<>*P^^/%&MTGR3/E&?+LJS>::OSE>4X$,0@I$FR_P!I?;^<2BSJHA7C M]9RZ072H$F6R2W2&[Q\``*LA]5E-AW%5O/[1GYG,=CYOO_PQK\XTWRR2POEB M676O_BH^=S*2_C6&91OR+_P0X>/RNTSY.Y?"=-(>)#WM-'G-%FX:Q;$->?/O M_-A:R)JT9J+E!O![FVO0\-]<:"Z`\QR1;47U/W'\61_1*XU2`=/`[T[\ILSR94%L[C+=?';P3<39/.F'*=U%7*> M9/,G*)W9W)RB>9-:MF2::JWW(%4I_)'*/I)U-?;P/+XS#X:VAX6TQ_.5MT/? M`?6;G8RQ7AGYB+R7\:PJJ1*V08JP'UE='U?"QD=LK@"D['MAS'M_N?-/[G:] MLM_<8CCFCS_KP`S,0!Y$\['P!K?JF?V;;UQ>N)5>",!9R).HV4/9$'!O=E'4 MI3TZ5OW,&%$.*O1O72'E<"G29X6O$&/X+ER_&B,A+A@A!7^5_P`NGP:_.$'J M%-#J!I\/N?Q_(&/&BSSO[@XJ\O.8-/:R?[Y"/I+0K.-_P!SR/?^X9+`)W3WA5MAIML0KLTM>FY41N#J MOMWE*W6'H@(%GRW+\9I:[/&>/>->6O/^X(MOGU\37QOQ$=TJ[B2CF.YM_!I- M/#7X-WEX,OG>R;?"JES#J3JS1SM2^#!!-OKX(ITF'&QWH.]^"CFYJ%(?FM4^ MH8YXJ0W.S$.M*,-^!EO,H[1ZID$Z&YD)T?SO.9#CW_N9"P>&&++Z/AVFSQ'$ MOPNO@/Q@')CM4/8/[0HCN6)Y89+^+2:>&OBTGD+GOB%?+&,A_5*NY\$>&".? M"`;7/*F7+$7N((II6_`0A=LMZU^<^4?W!;*7T_N5:#UG9?GSC97"9(\'[10J MNTITS%0RPXG1'SY2R^"H@*V>!=*":-U.5H@6XG%HSY*/K.7/I.@?>+K#TCK( M&SO4KEVKZCX=#'7P&_!_C\M6`3O]7@[\='Q:33PT\=X%J/!8`6W\$K_,Z0]W MF\T)@ZIYI1AW&#$6,MN4%R?00X&06H,(],%'MXUIU\#2KD@[EYCFW@6:8IB& M2[R:\37AL^`W\3\;7YHGXNW\-O'2:>&GCO'!HC0[;3'>.49L MF&5#ALB+"0=\2FO%09=U^]!--IE[I0"<*S@O`[$[$"U;G>AM)YI9T15;$["> M:"2@5#H455\S=7\!KPV>.D/AW_@;>1_,^L_)X&O@W^+3Q-^/5'TK[?PQ!@NG MZET]/YAHEIZK^93O?]XIN\^.F*Q\]I[U!2IQ\+=>/>+J6EC4NQ*ZF9F?`O*# MZ?"6#7AL\=(:^'?XCPXW">M^24?#O\.TOX+9;-[S4?:7^IQ8[=NL!9"(BU^,&MP3=B9#6VIY&>1C(4:OPXQ2CSG9]"?,$#!BI1*/'1\*@?P@OX0\4T]\?%O\`"V;C3XKX-X0_ MV8%'XCD8T^F9[%\"5\.D;5;U=LNV(`LEH39)K<8''T_PY:*:<:E>RMSY3 M^Y3#B56=36&;(;[2S%>Z;OW9=CV**6?1_4,^3])V:R%91KNS"YX\G!7@/L^( M)3#8O2LOG_G^`WD.RX/HS`"3)<3(]5X M88E-Q6IUB&`*.D0/^@3!->UGVFEMX6[\>K7B0W-)N^-EX1W\&\V3NIW5SO\` MV@Q.=B=L>C%](O:;W_A,+Y1)D`NQ-ZRY_CDJ+R]B?YI")26(9'6/2!\G M=B*]Z,S->?R_J6H]C^H96#\G$_P<77NZ8?:=C*<&?2,XGD`C(E'&(=Z&+UO% MWRVU!)SLM8ZO2TMOEH^TQP#MC7CHE'@=B=@G8E$5=Q`UXI*J9U(_#=:E!S$5 MM$N%P$O!%=+[0;6+=I?M+=I;M+=IP#P37R/U#YA^WAM9.]6_:7KV,T;OQGK+ MR\4>(7+PU\2++>.H@DJ?P.O"EUZNC&'4+NW%I\$MJ-K^%@<[*9 M\X(LQ]!+.!/]/^H"58>A.*O0J%_+_J,-7EE6A7K4?CY5WGR.<]8UCH7]I7F2[\'IM>"[^#> M;(OA7_`"./5Y?W$K:#REJUNY81DF<._@2;//\`X*@" MNY?UQ';G;E&0S+9;"!-W.\@)RQ#<[\I%7W%+'L>'+GJDWJX[^#:;/@"VCQ48 M?XCW"C4"K6>^8"T1W-KKM\M?F8?Q'EE#6^$X;FKFK&U*E/T0 MV@?+PSTCWO:5RF:M9ZG9/K`+[11`Q,]*-?TSCDQ@]Y=5,'4$Z*N32.K(O7)L M92GTA"75X7YRG>+G$O?YJ%Q&\OID;MKP8@L^`PWX0+$-^$&GBTL1>VWX=YL\ MO@T_\+DH8.$U^?Q*R?B/S[F!;JO5YFWC9OQ"SP9\JA`;&RKG:0?_>,";&93P%VQ!W_/;0':1/0/Z\`L$>"_XZ MJ:5.JC1\K/AWFSR@*T;G;G:A0IC^5`;NGGXC;S*L074`):\FR`"C4!=>`-9W M+$KJFN9V8T8R\G]3YPSFF;\)X7[D+Z?T1UPV#S9QG`-/'S\1$WXP'7\*IS`P MQK$8A.O]>&BJ8J"SOP3(_A6:Y1F6AL[,DI*2G@6R?(]/A_N?PNNV7)K>$7Y^*3TLCK_#+2&.C;X`37B"KF9-2L14:\02W?,1^A^_PM MIXDJ^,`U\(F.M/PNSU,*U_G\V-3JK](Y-VKZSR>PEE2B]#I`<%+6)W67W;A( MH/)7N36^JG\SMIVT`6.(Y@YE,IF`6=Z6\SO?!5WI263IZ%5O*62F6C%9L15M MGB;H"J-Q7@8>"=X>.+-26"FOVG=G=G=\*&X)U_%8<1#X0>@1E?']3NPMVDJS M7A]S^'[N???GP#'G+]I3(Z?S+.G<1H@WG?)WB%K9"*Q=3OSN39.#PW3!.^3N MSNSN3NRKGPZG@!ZW@:AI\'ZMXF[^$'SGHF_QF_#5_P`+[#[?!7O\/N?P_4^G8[\#<^8SYC*3GW2GK%=V5W97=E)725W97=E=V5W97=C;E]YYO= M+"-\SG";>JWPMF5]DH&D`+D_?Q-T=7(&\"@B_AY_"GJ3H#2^O@DZ(;\-4U_X M,8;2&SM_?@47!%BO#[DL,Z1FK`VIK6_""WWGO+\^"FG5^T]%OYC>^&7_`/"B M1S\28&D:,;PV8S7U5/@C"%^GP"BH@W.Y#.I3_+H\ MI,P:?N.U.-G8\.?BX9[RIST$UT,9!?>5`17IG^M-O'P[;-6>8JPMT.+W*9ZS M?M*X2&KY@6\YW(6;_P")"*A\-IIB7ZV8G^.*/D<1G\O/PGB?S(A]+^?%;_+P MRSUL1]HU\O%?:U&)J9]O`.)N\%W$6EJFZ"!%15^,QV7Y=^+K1_P:PK*W6?NF M%*CX&YF('#5;V`])^-:_O"U_0FH9WW]Y>>CB_P!QPDK;/+4KYDS8^]XM+.`+ MZM?!'-<_4#Z62CEKW1KOBQ,O8L'*V/S,]RO+]S6_3C=?2@L\VUKWEY[NJ`5) MU7/E40\NWB*]6&OY'3PE'5:/*EBV;_+P%![.TL$YD86ATE8#H0"BO">J5+3K M2Q8O@8+9%L*SU1#MG=9I_P"`79_T357CS-$70/2/1/Q^V]I]F:,,-GJ_V2X, M'E_D5B5[TE#(J]K'TPQQL\*CNW]0J](7( MVSAG^%*GFZ2N;CRB?M:_M<[5`"<^4:Z"O^#7\#;_``=?Y2POIE],=M2^F?_: M``P#`0`"$0,1```0_P#_`/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#_ M`/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#_`/S_`/\`_P#_`/\`_P#_`/\`_P#_ M`/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#_`/\`_/\`_P#_ M`/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#Y/_\`_P#_`/\`_P#_`/\`_P#_`/\` M_P#_`/\`_/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#_`-SO*Y4![_\`_P#_`/\` M_P#_`/\`_P#_`/\`_P#\_P#_`/\`_P#_`/\`_P#_`/\`_P#_`+3"R"0"2!4S M?_\`_P#_`/\`_P#_`/\`_P#_`/S_`/\`_P#_`/\`_P#_`/\`_P#_`*LHD`D$ M$$`D&/'_`/\`_P#_`/\`_P#_`/\`_P#\_P#_`/\`_P#_`/\`_P#_`/\`_80D M`@`D@D`D$AJ__P#_`/\`_P#_`/\`_P#_`/S_`/\`_P#_`/\`_P#_`/\`_P#\ M$200`2"0`020!O\`_P#_`/\`_P#_`/\`_P#_`/S_`/\`_P#_`/\`_P#_`/\` M_P#Z,"`4@K[LE+R`!C__`/\`_P#_`/\`_P#_`/\`_/\`_P#_`/\`_P#_`/\` M_P#_`/B6(:=Z]QF4'%X\_P#_`/\`_P#_`/\`_P#_`/\`_/\`_P#_`/\`_P#_ M`/\`_P#_`/\`X&'_`#U%^27_``S[O_\`_P#_`/\`_P#_`/\`_P#\_P#_`/\` M_P#_`/\`_P#_`/\`_P#]?_TX9W#U_P#^'_\`_P#_`/\`_P#_`/\`_P#_`/S_ M`/\`_P#_`/\`_P#_`/\`_P#_`/\`_P#\$LE\OA2H*? M[EFF($CD@@>&XJ2#5T@!BJ;6;?\`WW^N+:?/85\--8DFQN`!VHI+I(>FRHX* MUC@^]N^_^_VQ@2>`QSKOHC"`6>!;@X>?[#WT6LEIR]^W]]W_`-__`+6D-I=" M9M:7&_NE,D3`D#4DS:6RD!#KC[;[;_[?;Y8CLD@`SK"221;P4&$`DAP!?Z`^ MQ\UO7;1[?_;;;^>"KOV"PL2261[UD("V'_,M:6^0\^WJ;(?^*HC,DNZ?_P")_L3H@^2.+#20 M7"CX"LJ-,Y=\8$2G7`,8*";Q+_\`1;9$8`VR?ZW"Q,/F)[Y/VUG;[G%`,06& M?BO8S<_[[VQ<@'HZR"8EL#*DD,DF_*O?;\EPE28@`66R,]O[_:5/DMAPW4MS M"5\W`(`EG`:[;\EXK["HRHM!(YO[M[H.9()``M*K_^1"\__P"$Q2J[%)4+BUD?(\N:*%I+)+)8DG5\"D)FA&_U]N>+XX"=:[TM MYWOQ\-+9(T?WPZ4DP(R3$A]''_P!M#4U< ME``R"LL#1H`G8+IV25DE42@),X`@Q,F[4H@;*67_`(0`#@K<)SI_)A+O,LC= MG>*S;:.[)%^60MMMMMMEML0`&!$.(V`8`,JT4DEEG,862::\(!`PQMMMMMMM MMD@```,1`L#,`!@4>ED\GP5_S;2@(,H(QMMMMMMMMO!`!`(8+(`8`(*,0DIN M6F?8L(;AZ>;(%MMMMMMMMOP``*!P```()`%5,DO-0LQ66A,PSFC89MMMMMMM MMB(``!*````!)"(4MEF8TI8$>!6I24P;EMMMMMMMMBH```!D`(`!!:)ELEA_ M;<2ZX5[:LA\EQMMMMMMMMB!$`#6#:```B',4$DCVPAQ<.&;6`!$IUMMMMMMM MMGQ<`+;::```,057EL-UJASP61;O&^$]9MMMMMMMMLP!!!:HSF``L2$)TONB M.FQ$'%HHFY/S7MMMMMMMMOHIY#)$`/?4DS.M$]N-6U18]\_RRH5`+MMMMMMMMBE`FPP`@)F>SVV_C]+3'=MW_P``!.!O=4;;;;;; M;;;/;;;;8F=MMOMM]S]V#*SGC^Y`"X2[T[I_`P^@"$!K;;;;9?WMO1]O]S]. MW_#\BO+D_)!7F(%/23+80_(S;;;;:R)MNO5_M_\``*?-C]9'M>[&1B)VZ?;H MNIZ`;VVVVVC6;;9E7_\`_P"KWP71Y4%6ADK'X1_O_P"%SV&`*V6VVVIS9A7\ M+?\`NK"YW?8``,[:)XDC_P#_`/?<#>&HU2JDOL``*=%23`6X0\3M\,%H'24G M+Y';_P#[?&VVX#DKS3"&[E&5\`T=*F"('?)QJ.$E)&,:F_\`\WJT?BAO?S?4 M'B9^MTHE?(`WB:#Q@'C1)26H&K-OLUA(2^@``&HR:1)1MH0I9A&9`>CR1L`) M)4E*$YZ?LWP&$O```$1%$XP*QM$`:I(9R65_Q6"7GL_J@``+_8 M$E.)7]UOK0P\0`Q(D!*)(H`6R0Q))'MIX\@``!*H4F??P;+[)KVX@/1;D`:) M+_":22Q)(;M[.$```6RLZG70(3N=R7AK35Z^$`-I,G!B20Q)*A__`-CY`$6I M\-'6>[P-L"$E"5)-F(@@27X`5DD,225[_P#Z42`-CP"1-K603M,X292;)3`3 M4.YWU%Y(+VDEH?\`VB=6T,T%B*?E]D&P=CJ&V.5 MMV_+;:M[#DZ6R-/6R9(K*0!:0&`MJ(TT`DRR6V7]]];S;$U?C?FI_H9EP!UK MB#"0#'".KBV9W8V%FT-MQOY9*.\D0QTR[$!D*>)LH?R0``7)-4FVVVVUFF/O MN"JM+;G:B,VKG^$@X[<$Z`2"2`'=?8TVVVUN6T,DC;`C;*V=9GW;`P8>"2LM`<0`<(`R"20+]1MLVP6V>A02`"0023'H2PJH!:#Q5W%:>H0J$0!WOA*D]KS/6..A3O.QWF1UH M'UB$V4KU/L/N0"L$:B^6G4ORPZL`ZR^&FT=+]9:BYHWM9?8G<+]E@/2,L1Q= MMZ51Z]'U2L9@+[.!.Y=N2KE'DGD@9"LJ:^MU'K.4Y,)R/1.'_P!XL6H`J@`* MIT`RKTF0!B(0!>G!.B$-D34@EV41'P[E+`5TX5<'K$:G+\B]D=`YY_P#, MI/ZH[`M6E*2(?:$A%.J?0JCCFIX(`#32WQ7YFB!0HASA.#M"Q&BH(J]6[)\: M5XAEK16^#_C*2B:P6Q`5.5>:NY8WC=HBW"C%6A"\7W"P$0`DA.ZGA#2GA;8$>HHH`SCXPK+K\`*.U511A#,BC6X/Q*_[T#P;_KE MH)!38$N0;YP30`/(M07;+@9A%@QC#K)&6$#*(@H.UM!=`!KD76RCB[%`E%Q@ M<[J,CRHF<\0$GLU.6D"S3$AR-/HSYS,ZG96(`BM`58LI/V%QE2* M97@?D[#:Y-0V&':,4;WD)=(K6G[T+5D,O7(/E)CZKI2S3*U6;>._Z8B4Q8'. MHAORZJ0J+RRX>!R+@"#0_E'A;1N<$]A_ZQ9^V,;S[9L-CJIPI.""!M`8L9^A M-D9J".8N=;&I6#-^M1I0<)OO@,",Y.1%1ZK='F<4*0(4H,'@=]HTI&E413XX MO8`S5">&&'!./+:*Q=I74_<9*`JTH'UDIRP'%2,:"X^3OR5AKVT[]UR&-P\O M%U,*SU+(L55DZ_\`88W`8GW"/<6+&!)=E(+"Z^MQ6\%C)1+B<$,+"GH[8HZ5 M7?A*HTP7@^D_:2':*D-<`F0)WS&31'L"B;#6;E>!E8];\J0+ M.I5W?_JEF,57`@O+0-=2KZ]'Q)0<0&2QC7]G>UBLLPZ\.E2X+,PAZH7%KEC# MYA@F`#BCB,6Z[`M`.T-:8YCX$X8G>E92#,SC(&XZ1_."@J+Q49RZ[/:FX,-( M$(8Q.(V$S`%3X9L84C4U_$7HA)P`!'G*'F3*:\!,702_X`U$J> MS`Q@7`)AI51Y]+CV(`802SPA\=IV@HM>M!-(!#7>#F*Q,"^@G#JN/MBZN>H7 M<"4SH@BQG,`\2'L#-7(QM:AVK:CMH#+?I@B`/NO&4_P#++<4U MUCQ%IJN'?3J/O$,PD!.)PDNOPFB*2,$N4;]G_$$HOA?_`%"RYEUZE0*H2LF" MSY*^1#`^B4"@'A"$U!K*Y@1!LM6<8.$!8Z0=_P`6CLHYWX$#E9P^Z(I4ML M7NZMVH(J.5JHOJ%>4I&)ELU!`FAFMD`(E>YWHP* MI!WNXGE=*82QKO"\S@C=0S8G9),+42E_)=L;`W!X[NFY[EA0)RJ%E+BVQ%8@ M#9_ZLLN._@XRQ'=.2"9AZXI>C0V#10QCOVL/>Z%6X8PXQN$J/!6294H>7%YM MU;#89*`ENYJPO6N>"=>,*CQGL)T@1V.2IXJ0)RK+$2:M:+U8>_AA9BU=*(FX M)*(+)W+20YCT%*IN0HQAK."^1X*Z1']IO9H6V7KPM`UE/NM4B%$R"DTPX3D M1JI@OH7!V4R?+#/9P(F.^-:R:/DQ;>&2]BF?/9A24$@G\C/F[J)J0YER%D1+ MB%C4[F?_`%<6"92P$<@V@R#U,YFD60F`7YV4,?$`XR\N$!`P(H"3K#_HR8HT MR''`IVO+%JT=X0:J;J1O+X$78*#X'5%Q>3*FK@A#>]'%P#.X!Y#%SZ2L*7*6 M,,^1$%+-TT.'T>)%-J,^/SS,:&B`AC#V<(RC69J$+_8=32^2T0!8VU%._7R: M(!\AD&PY@PX*6]'MWIQ;9#4)?'713R-3#M6'I#IVI$,@V`R@]9@9A%4U20K? M14(YHRQFO+^/A+)*`$VOYF6^RE:91I#6X6.``_\`7+??+C2``L:L!,A$*^4< MY57F_#G;3:L`57`,@(1"+LY%7%:*\!QVU35ZJZ=9+;" M7YN9P*!W#INB+9*W%`:(2TDRHS`'0DN4$:H*J:B+E&]^@NX-(]TW M2N\Z44*X.=$4&I8`(?^\6O>8:!]*@%%B/2/K#T M%@=2VFG>HHGCIC+CH+*1*P4Y@I^\2$CC`*B4QB4416:0D`NEC"U"@H8J&%^` M)E!8K&7,D`8E_IHA(FFG&L(1BQUNV`)E*[!16[P0HP_P#X2(L68!8RZ:5TV!P$>.W<%V+!E!9> MA,U#)8RH-$A(H&5UZ[\`*[$+AG(&+I*$144U4-^/@A,2P2@H"K@YX1"?TG#`HI3ZI2(R$0EHL^2H%HFEVDE'&AIH0C+/EDNU!:\$04 M&W`X`/BR\($C#R57$*$(2!I$'FB06W0S:BOZ5-XI%/QK(:DF^30L*+A(-8QT MWCT3UC%C!,JVHSN^_,X>#X;&VBO0+PR:*UR>[R;(#\3E@?ZVJL806=X(:`$ M6L#!%@44?4$X@RY8H-=B$27YZDELC8 MO@XW((V@R;_@Q807EJ"FF'H3ZB,UU.N\E$G0#-(,_'O!,8!-I"9LY?."TVE' M@:DTM-*^7[+!.N$@283#YV16&SEIH&NE5;PFD:8OC7^/UV=[KAE1DY\S_$\4 M)5F5*TX#YK-H9!ECVYK/H@[?:*&5HZL$=( MUT1@FD\D@F`+V1F3(L7D776MU,E4OI9?M$,('HH3>3)_[I89")&=7`@K^V#DBQ]: MXI-"3&#@EUVP\PU6KI`5<8!HH7+&Y"DTYAH-%RIV.U+6;0[)UR652MVFVQ4A M9KX:A*S3ES$)1Y##YJ8$&)O$/==;7+BJ5P+7+1J-^RI7JR!D\(XH0]$Q!9_G M0:HQ,-NGQH`8:,&L,-&)A0034'8(DQ`@'E1NWD.`?^Z6=[*IM?\`4`2PD5KJ M*/\`*C+IHL:``%L(H+D=-`EC%R<,PJM&LK>0J6CRD=$Z*NMI+^A!@>&)8S?' MQ>1(%&8.8Y#PS@G1JY!(#`3(.PWDX)`F;G&8*D/C*B$`0^7L_4N<`[%%Z"/Y MR#?7F#"3AXAB[TKNEEZ@XNIS;G?%X52`HWR3A!1*`CFI6./N&R_BFST(C?6U M?7J'`$`4QH5"(JU'1S*'K<@)MG\5H8``N@`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`X*#L M!J_-";.6B]D)C"A=9!?5F'J%FOX.V[=FS9LV[._"[5>X^.T#67&_2,%4KTFHWJJ+0N!+ M$#1IG)<55=FB]VGR*":QTK4#"5Z?.`B#8:ZP`6A4K<.I2",FB5'1=:Q'1L5! MP`U7/"QX<`5$:VHH/2X42!-;DU.9NZ8LW%519#F/3 MB8:X80\*=7!6S=V1,>2.HIT5^#MK42L%8%P[4!05;Z(+YCZ_$@$&^&!`($"` M*5M>)Z=#KQG=$.114*JO#Q17HMHMJ_![?3]P*A.FGYBS4G(F'SQ,`!#J'[EZ M"H*!W;G&)95@S6;-O?Q^E>%)0UJR`"@H-'@US7K&=,50562WCK!E*.RC/TCC M:KJZK5QYG#AW.:.8BC-T%Y[<]XAA+++8!291*W'+D`"U4&!;$NY6'I3Z^%#L MN,X%H.#6ND[GVB+I.HQ]2"F$L:6T]1!+5@YWC7G#A"*E,C7%F+FKU^[X9Z?0 M_<>.,QDCAPH\\V98,R2EVJ+L.::3#%PUH:#5NL:N+:3D#H"76JBD!.35-FJ& M#_7$+0;2`%``HJM:S]?`+"`"K2S8X=8B6-;8#BWNW"!:@ZTU-HW6.NG\RZ); M-*:H\+T2@`%C0QQ9,V%-$:**+KO,"9(L2#6;?L1B$HJB<$+'@.U1LF`0ASR, M,O%D[2K?-17UEV#CS3+-<9EO80%;"%6LDFHR1=DN:X8XB=RXZLL=3Z0I:7.% M"E]!IYRN(2FUTG+;B+&LYJW8LSS+8HAP-@T'-G`'I":#7WH:YU94(LR!*$7(M357J'B\R*,.J'WB M6IH\FSW(VA5:*Y/M+AFL&KH%ZS97SG5&:M=7D3[^<.L"#6PSA_,*!PY/2#*$ M7XX.7Y^<0XLYX6HO69@>6BF[%IK6XH"O?,>.`5]"Y8NTI: M4V;P^'TC\?#]1^H4Z%*U>*S@N+A9P@9U`M[U-JAX612GQ4!71#2KP](`&[SQ MWE8#E:CJILZ^`6A>R&RW%0RNT7SUE>[5.P?VE)OPIAX4RF-$"FN3H0T>4'`Y M:#W&8ER%/G$TJVC%8G7'#;%1KGHF-?B`6LPE96'H.8@I2ZL^E>%LZ562-GD, MKKNE-'%G.(F8%U.G31'0!MO=2*^DNBBQ0JK6ZG6!A6&%5UYS,TZK[PP6Y,5VN"M MK`Z\_P!RU9!=VC!C,.>EA@&&\V+J7QJJ[W^#P2_)[!NO6/C<,=*O]P,V1O:* MWO#P1V^;'->6O<7TA>RWD*P>E\0*`6T`MYKGU\.'G'T#HJEE!1LK!NH9F:/@ M+M@U)FQS1Q0>C+:PT;%>=Y1S+05>31SUB*2A[7):K%5WCK@!H6Y713#B]W^HZ`(*S7:"ME@-5Y=X;/,FOK^",AX&%M!FQ9.]SL M-SKE\^L*$-V;40H!NH!5&KK=7$U)3L?V$2%E@9>7SS"\QV3$8P/*RAD*0`>47;@M3*W8("6P*(%/0.>.9@N`3N.A#RU]`Z MG`<0,V&9E=R+]H0P-N[C=D8Q8-/(/G[Q%[LMQG*3YWX%&4>D7YX8FE-_W*!7 M)ZE\O6>QY`?:6RV=+S_L)E9*A]A/+4KKLK$`,SJ@;0M!BFLQ\*O) M#^"+:I```4&B(L:T7YH/T82DK#'L;6]:BJV[_6 M)](_'@530OH<^HQVEVV?4C0&[>QHUZQ$"WLJ9>!SF#0&R[M1&7)P+(^TBZ%1 M>G"K9S_ M[F#"[*#X=T^%0M+$:8KQ;W@:Z#1CE'@Q@[=6%N/4!]8L%.\LL4]91*;6UXP< M:.9?5]_TCS`.45G^R[V*ZJK73K&V4^_[B@B6T30"T+I7O%4T M^L\GS:5N``X(!L!ZI<*,`7;:VCA7;X+2!+LFPK()!]*T,'-[0#$0V0.6L]*: M?#R`RO2KO=ZCFB]$QK?9LAFBM`QK?9MGDDM>AFZN]2T1]C.'+="(T&C336K, MKN6S7/6/DLP^"$Q"A=[U@S'?=!&]09 M?BVBF@3HW`IW)=B@])1RN-_HW M#Z)$:=7`W,K&2W6>97@;=AUO:^^8_0(@*C,T*FQ#<&[`.=V`"FO<+Q!9I786 M1^.HDAB)ZY,1Z;K.F99NR. MN193=8:Q&EB)7%G@I+E1;?=(5[SOM#9"A=&LU"P+44:JL< M[NI7=#=7P]SP@T70/9>(#*ZE]JZ3[S\2ZM`\7OU/"%7M8MZT7K,ZH+NN"M63 MATAZ`^R!O-SDY1VSV_N!4G!*9%7S#,7#/,`:](`!.VRL)P5@BL"*C"VA2J1X MB7B4B#HR$!E;RQ::5Y7<."T3AWNZ"K;:2%])XB@%G='<`N,1T6"JZ2!'%W*]MT:Y47.NR#4)"K:1B:"2-BXZW=TIH^LKUI?"[$:N\:G47Z']=7@ M!=@!CQ"F9D^Z&E=6K;WUF8+IJ]7&T0:4P[KO6(@:(KC)>6VX%=BI5\0]GK`" M649PN9!-@6AN5+V088W:O<94W-=M[:X%MER^DNT"J4;&]!RR MY;X)R^%W@:`;88:=95JG.@+C(XRC4&I;2,O(J5"7)Q$PXU'8*R!AFU#;33`8 MM"`LBTBKX)C[UH(1;91QT8T[B&Q:P&RMX0L7:62K>+N87FX:#:!)Z*@6[Z(' M54=',%;(%9U$P9PN6+D*:W;*JX35T6H;8MA-,NE&DRAN+.JX7/G/1&[WGEZH M2N7@_,`%`!$TLILTUJ$>(M-YOOX((CI$3L[A]4:&UQ2]>T]*B"QO/;NH[H:K M5P"RZ2L5UA#(%(/+Y=>WP43H.:U1=N\[BME"4T5AE%5HPO3"W9-C,-L%001( MCSL>84;N(\H6M:EOO+LS7&N(KM/3"7(%`:QAL60G!*.*:\M(#77$%OFMK!"J M=HN^M(OBIW+'T1N5@9-7!ZI<>`A."$,`76ZAXJ@5&0JNX;"(J@V;`LR0.:U< M";)H960"J,XBKK@U`Z-ZI@Z08MQM!0RK,;EZ``0*-("A`TFRP+,HMA><1!4H M'#0OB\U*)3!%&+NS4[I[$!!%4*&@B75Z8VU_3&(=_#9^,9!/+=BW3B)#(1?0 M<:,.")2MK;X.@713*9,<=F(6=(HML9-E,PYBK4+RG;"%H%E.&N':WHS5=QT( MJ+Q$"9'9')4MI%W]4;8%[JRW:]V[BP@8-FR<+T8!X MZ&-[[LL!3>"H]5YG:`=AI=UJF-DM=X#[1;G'4=@TE9L320:5=2.JM:*]7>H0 M<75@[R'J-9N4!32=:=DN!0!NGGKN!0\\6\O*7"OHIF!`;')*.9 MUK8OW9?\3V38!W%?U$[!85KO$WRZ.>T^E3#@/;P)YCYY@=GH2U:Q7TEMK"AF MFM/8(N,9QRNQVJ'N:E,L5:L/)"$U-+1G+[2F@RM*Y;QS``%^_6)E\XC=$1-R MT+K1?M`W2+2@-F3`D<*CE6LE<&\QE"!+&`!;FVZG?_3]REI5ZE"Z%>Q!+0.N M(-:%I5^L*!*1TU#+`@4QF*0`)E%,T@MOI$*H@JBV%L7=,LV`+ZP&&`6:L7'U MBH&34#D"W>8DC35M="*QJA#@I;\H]5@%&P13&V+Q'=9_ M<_VH9R:8JST]T4C1Z$K659A=>3O$A(&78Z@+46<)&%0\MT!5CSH7`!0#:GSW M4%U9%Q4`A%)PQ28X`/-$X>G,&!4[77,+<+9NZX#U2(J0*WR*+>LHZ'TB0+11 M%ZO2^U,6)VB+3Q3"$6N^>E$%A>P,&5"MB7I&Z(MK9:I78%"X6#[N6=`;YIOZ M+QC"8=(%U%!,W6*L2N^+K$I!7!*L101.G,I0H#<\3 M#M[,QXO6(8-4U:?K#1;*HFMYFR!4N<3=H#OA-%TFN-1R%AH(MM8O',^4/W#4""&^Q$`L'0;7I>H2`)0.:\!K+ MHR^D[#W_`&B,U9KA^U]97#.J^GG.!_8$NAD,JWFY8"`5>3O4%DM8,SLO9B.92_NL*MW](C:\QWPZ3G(?0KREJY9OBK" MK^DH@-4WJ^)F#>5OSF(@M#DR6LU4S%X+"E;.#:1*E`>@9;:ZJU+.%*&SFCU@ MJ&NEK@Z^R`;$BIB^"56HN`!6%_*;!KRE70`9L9[ZPPCS\E%%PLCM6K:$:&<,%HW7C+S3<@HTQLV(8\M^D;.=LC9\&16%G3XE"P7?T M:A@#I'-#5/[E^CV9@8`>H#D]8VQ==AO(/>)')7JM5;*O,&;+A`&02EK4"X%8 M:+>0QQ%5(=1/HLP<]D!O5-<*G)B/-@E-ME3//H&_/9A@*B[-]V$4M+S#-94J44N&[OM^88*)?6WYGZA"$A+*55&N'M`Q1X](Q['!6)>ZJI8;;CW+F:% MU67^O!S^PTMLXREVF, M:J"TRRBT%>5W/2&L)<6`T/EF`4SI76#&RHUZY+TS6ND?B`7*G#K6LP"*&'I-CA]SD@^6B"WFAVC%`5DP<`; MOO-/H/L<,R4-XQFD_,M`I3.R=XH"[.KVKIXT-+N[WX`)'@0(B@T;0VK/.W[A`G%]+*QTH@YPE5U&+IB(XJ%#$M;J[JY24/(&7 M-51`%!\@/JW*WZ='J0U=V.0[]96E'#Z2H'*-X/.-G6`^SLJ4&TK:0G98LA:Z M#O*Y*USU]9F3=71=%;'1!9)C(CE.$B6B5M1[6]-5%6Z&H;JJ12X9Z*1`M)0` M9)<=\"LKV:KM"5M%W=Z=\ROF8D0:=$]AO*$)HZ$47B\7JIREX!5+E45QB"A% MBU0G6E]_BU>OW?$BT#I6V*ZMZ.K-RJA=XJMWW$Q<=ST8'5O&I4``,4H>W$8Q`:`"( M^C`G`.Q;5U>1WBVA)>O<+*&J<7,6^@T"Z,``ZJ-,U5WG3EYB&B94.;?K!%(+ M2U&Q\SF5B(O%K%2Z,*G3,`M@P;6>J1"P#"5#B\9J(!4%.6IKSBY2F57[+IC) M"5E*X`,MN#X;:7I==*=]HJK4IL5=O3F#GK>7$;CB.JS%<82+)`AV76>:R5WU M%G.LA"DNE6:-2G1[2G1[2G1[0%:!6.:&JL\Y1T/8E.CV@,X../.4=#V/`VD1 M:T7157[LJ=*>3S1\&C=9=U+>ERN"SC5REL,NWE>T'^T_J`;='?\`4[*`6O`+ MM,H&EI'JP5M`7IB\QI66B*XH[1)7`*W>&#FVHA%W@`5='3NU%M4J,-4WY>&OM',0:*ZV5UV M@`M+U:J[$-<9PM6_"+3B"@/!&UYFD$!!9YKC%($%8=78Z7*2Q1AS=@MZU!"5 M9KW5G2G,%2:ACVN83`29-(*PY?IEEY8Q+W&(%TV*N:\D-HT`K5`UADKK!TP1 M5`"@GW.(*K:BMD'H)Z")&LK(&^&*QYJ:ZV#-]@+6UU&5$&K8JN(5F-?"5AFY M1:5ATRW"5UB\BR6E-5S.8`=`=+EB&*P*=LU+!VA(;TU" MJ,8-WA+I3:',EO'"S40\"25I;(*[6QYL?`830 MO5\B=(^"HKHA7`<=:_;X4`VM0J`*!85=\LIB-*:#.;RO-8S#DD-9;OZNTN8Z M'#U>\9V10*P,>\N98%EN(H\4R.@IU1UGE?7]1Q8,%ILP7NKN8\@O!5;SGLJ9 MH@P*"EEZUF$9K(6F2_S+,`=,C[D8"XNZ/'7+'G6MH!#!O1Z(5F'LA04!%**< M:BLA:+NZ,JJD8=RK;UK"G-](`5=/3LW%>"P8:HOK>9-*RVO,OJF=H7>KHQ!5>>T\M$[?W_`%$6KLZ:\R!KMV;?4B;Z'S[U M0:B9,+DT^6)]*F#ZW:VWP&]SWE=R M(.!:#)2=IE@%>#[6OH61K,-10(B5UM;S[UVE)5%5I92LA,!(/J<+-%6W:H=H MJ;*<=(I=4[@N.H.;%.C.L0Z%)2Q5M%PQ0%I#-WF2(H&K`8-EO*PK3=\;S'+B M@W]WP(25NL^3Y=(ES6ZQ`#GP4. M4&::X5;=-@J"+6@B+P%1T2KM-W%RWA"5$6[)7XJCL%&S3?WF_D/O*0!5&[_< M05"P`=7WYJ.N50I&LJV9N[@XYMT;P[Y.X=`2X%Y&T[R,Q(S59,';,,M&7H;] MMQ*7WID<>5Q[^!G`5P7+ZO>3:][N][_<4L#7"&)S]B[OT^L$H>ZJR4V8R1_N M@HOGT8ZJK$ILN^=:3K%*5V+VHY.(I1T*($$0:`H7?!JZF*,"[X+26; M+@4X4ZZ3-.S*7=J[ M]9FMQRG5Y948[5#5]+([&(05JT<;6]SQ&H8J;?;L>HJE1P2J)-T,HKVETF\* MNW%\URUE>K9U$,B.6BY2I150&56)%TC*E!C/6(6R,!0-`#1HF+W`H,:]K4D& M%VN(574O4.'LXBK;K"&A"-<.ND6EHT";:E91MK1,9ZI=)BQ2>=75G6$PN<8( M)H%S!VP*:*@@J;1MY6.[AG3E4@#%&*F?FDM&,.NXUB#1]0@HN25&U)<.B!RK MZ$:7(9<2@4(%&OLJJG;D5@A/LSMX%2RQ!Q';<)P)E<\J.*8Z=N;M3VCT#O`L M/(<1M`V%*+>+7;!S7MM.YLI?XC!`O6X5@.V]PO5ED'0N\G$HK*R;'5=//Q0= M@^9[<,A@U5M;GU7\QX("L!! MH%W9;'2JU><&4^A$[53>.`Q[03IK@;Z3)Y8P\G;!LCSNL.0Y',!&N&.:><9C MJTN+*I4-],Q(*%-P;;&,8QB,8FZ0"-(>?2&HY`+L5`!55<(!"+18X7S`ES`X M1WE>81]GI'H&0@'M%!2['-UC//E,D"F?'976(\!94JL.'I#CYX)I/.(Q*W// MLXF_I^6597@Z;^LQC.)5>069P,=$%"T03T#U#``I5TI>ZR9<1`2$LQV`>3-9 MAUHT!O`P-$Q@*9+PW-X9;P$CC!<8ZQ5!!IA335-'!&Y@J5 M*P9%&B![T"EF^N4Q425D57`V?K'A/+JO92P42N.MC?Y@!9`Q>A_<6IJJM>F< MT-,O\LJ[W#)7=Y@4`?(%(-X4)>5:VX*A8X;EE8!X$Y MLNF,7FC0(!;`;`I( M#"'M1S$AHUS408Y!9:_75-8^3Y50&%KA7O#\*>E")24)T(Y$V!C7S@-E@*": M43^41P&;-X&?D\@V5C%P58='YJ=(H8<$T4KKHT]PC6WI,M33UTKU8H?5'_U; M&IO#AN(N#`K$OMK^,5;5:&IJNV/K_<5PS@XK%:@]:UJ" MBEPA MLR@%KI%L:KCM'>;#'6\ZEG:MBW=42R15HQ3:JUJH0`B-+EBEKGDEI`B#CB+& MB+F4X#Q=_NX)@+NGK\L%(A=E5R=ND!O1<7DZ\P98CAP>TH4:%-/GTBJVVKS& M@RA:4IBPVD)8@4#`J])@1F#*TV0916VD`,`7@=>L.(U5G:NG4-%*ZRC8;@I1 M?`U9ZQ1@Q!:8\#``BC$`U<41?(QD53$%3:#*Y4AK4[CSI^O)99WD>TY5H.81 MG..>H&4(8!"J%O-=8D@-*FL-;/2*`MFT@6V!<2\$74K45E)"Q13[3H&$ILV5 ME;[++BE/!%J0AEC>X9=\"#!SBS-3"6,06.7!1YQ*%(,"'0,*)1=K:*%":5-' M00B%]%%6AH$N"XL!M.O86R%_9*;BX`O"V#:.]RVQ9L5AU*V=:3`NBY5;GU40RK&%^P=L1JEM_&@JQ;[X\.((MQR6`ZT:$I5,*4(?)"!#?JK+:;Q4$FISP*O3!P#=C=7I8[4YM]9\KW(@*'!R7`-`6>5B;0P&[T&(`?(%^[`8"N/,:#E0Z5H!$5NZ$:Z"$"X*MOE?5@#2(,TK9J[ARA]?[EF@.237:K-2T,KW,+]"#%, MRSKGN/3]<1=]-;WU]$Q\`SA5WG6=3!%]%UQ6\PN+&E]T;M1PN]# M>;6)KB`X&VI2UT:Z1W&N<8E@P@BVP: MAPT3*ZA478IN`!HXEII5:I2=8B_3)=H1!4;`](-M<&4 M2KFW@7U)?.B54*%F!IHSN$5L=_L#M9#5.8:8QSU@2.#61XG".I7K]C]RO7['[E.OY><ER^O[RS84YPO=[1NK MR?EN75N[[5^7P*]\M5U[W+]5VN:^UA>56'=_8=8-RQ+%J[H.'+!`C+7LVBL# MTJ_]?=<=)8V)HY`AZW""_L]2G&QN*W=WHPX&PO,""[(BG7(H@ZFZE:0,A:[; M58-N>*79US<`.+8%7=`ZZQKTBU!ANZ2Q#J+D!7)A0,\5$*ANAS?+[HH`56CT MB4`[EX;,"C%W>@O45TB4PLMS5Y87EBZ;3[B``[J\6RL&]4](#5!:\\OF,2Z\ MC.-G/2'UAEH9L.G>.AC`*;8E:'M,W#=EURSDJOFB6;3S%[H?`55M9RBSYJ*P M)&K'O$XRS3=$V4`&MF8Q584.`*,H7'64XL[@/N(DM2LP')A*=JGOL@QA@"V: M[JJOG%W;*V$WNZ!;,T649$0>H*A!3%^0(!!7LNL;VK"NT`5A[Y^C9"P+ES78 M"U`N:JSQ&` M(D@L0Y@M5J<.7.8^%@UMX@!#+MM[^GBR2FS-#][E:JZU@/L$%P45@Y/>KBJ@V M9M<]U^"KI=:RGV3P(%`:$'H^%$%ZRX^[%C9`@+6-/U`=1INE@95J>HI**`XF MYW?LPFG*C*Z<`%)X5E+KNGV8``&`@38-^O$%%4"#&:1A6QN^M:Q@5RRE42SU/)6,;BLR9QV,'/ M0E-!I5H\4:9?,6PX6NJ166E!>#)=[2!(78[M5TCL*,#(VV-8>T(H*F;.7J]?AX>OX\%2+\XC&J[_CP!<$8 M+3+$QO?9@);#EV42@K8AHV@VP:Q<:RK]TRC>PTQ;"NF-X7E&4&PP[E`O>5H* M+950(2M!2PQ:=88C4&0SO.TCN=Q[G[E>E]_LSN/9_7[;--"NT?!`9`JM*Y[A*E5T-^%C5.-(,&,Y&^ON7%@`+Y]@8L5B5J3IFM M+HR9RW"MVXC5X8*O4I3^8*N+X6N\J4ZYT4+ND9AR!;3&.F<<44URZX9:]-1 MZV"IB6?@:.(9?4U;#HTFQF,C93\":I27T8`6P;'+393DPD!H#D2ZU]4&H`M? M.;^Z=+)50W@Y09*T+T%]H>4,C=WKP MYN)]=1$R56*Z^O@I++7=/H4=,9Z6JQ5;0Z]X?;.W6(LE4"N;JENZC%%II7K5 MW*(#5-ZOB)@V]JU7SM*@VR`"%H`.E:"=9@#"E:"BH"EU[0K#:,"XV:(S;!I"/#-K;U8S]('>=-)!PS#,350*L&C=7%;8+"[J MS>LZBI$.E3B^XYC1BJL8&++YG5&'LP*#1=%EDT^D3MSTF"96%K0X@IM#0:J1 M1P#`39DTO0^$+HF5AT!MN29V:<[(PYR>H(A%6^J".\;W'P4$`Z]I;ZETKB@; M#/65UF='I!C+:%-$(5M7&:VE/HE.=,&L"B<,H576+<;=[CE5=@8O5.T- M'D>-,!:*#2V+!X4B.'>A8@XH#A=P*.Z$BM*3$<`#)+TP`DRRN6_#KXN"F<\O M5@:0R=W]RZ&0/%]*XCM%535V)R[B4:*,=(8O1'PA,M!FP_,IGSCIX/`5&MIQ M``-&B`>#VU,%5>5MZ[O.$'MWWGGD@"@G-!QG[G@&!6WE-,Q\]X=>W6!QW`?; MBP(O*IVZR[NCK4ZY8G+8B?AS"@RT:%L+3N95`NO).0KJL%@%,@*]V_VCT`Z# M`]!E=V3J*MAPE3&\G_5!GK$GN%Z*@YF0O0Z8SBNL;5`!;9-UE>85171^K'I& MH+2O?!Y]9<0`&T'`ORPC4<&&B9KLPC"Q!A2KR^6F#V<66^6DUP]I?BXB@UM7 MO>3F'!^1C*0>;H47#K?%&BX6#<+D11P`/(XZV,R^#"Z8'J`.(WJ4AEG(J1T> M9Z7Q#8F%B3E81KIYU&R<*\VL+T@#LY@@,4NQHH.:UVC$\K5G7'DHEKB)U5,V MJ_\`UHU1%ETFM.IPMRQ3C5F,3K:`8K,TP0@@4IZR1=6%2EP4?>W+GZ1W2#+" M$`XFG(@HM/=AH@_(-Y,Q6>F7!6%NLTTL'[4\(PM-1=V93;R3JH@$!7"'Q4>N MD`\B'P(II+[/>6NU?#1Z_:,:I'?X\%DM:\\2SJ>Y+O7P`"TA7JE;?;$@,FXBD+-Q;WSI"[OS1%56ALC!AQ=B5<%F=Y MF7TF1%IBPBO)!NQ`DYMNRKNO*-A!6=3@N%5X[Q7=J,W6/*-12]K46.S6(Z)M M-JI&^+<2U1IZMFNITC?%I"8*[QMQ$CJ@&1=\M](PHB.:JO.@#,2*4PP.\C!=YE\`E4SK6& MEMRCTL--[\.HM0<`MKGF"(?"`@ET2\$MZ_/M!^?DGI!+\(&RCGSE#;<.0:%] M"6_/^2WO?+$-AN\FFD*4V78'G+QX60>M-B%9SF7JJ'&#:9BUHW+>)E.56`&Z M,5,YD3S$H-D6#:N+`!_6-F@QM0'$Z?MK_P`AJ"V[KA][F'3^V!Y:8,!`?/B. M>*6]E^=W!<:MMJCV)>+H`C::68@B8E5(Q+O$5N3 M25[_`$__T_?\-!50R#U\39K9O7KVBCZ)$&!1R6,3$LJ&ZHGMS4!Q M>UK#;'+2%Y3X'!<:AIGG^HK;1;?*L>LO6=^T"@`Z6`PG'.899HQS;'K4 MG'!J(4,;=J_2I01TXR,][X@L:EWD;CH0$S2.S/G*EIB+%&Q`6-8Q'3B\`,=$ M7CN&)?[]]N+;QC***8BP0C5JV:.S8.Q&.JM+$+G".6H>N+0:"RD:(7#`2J4J M77F8A@N+7!6=&*!T,%SS20E&/&VX@*;61,#>NH4BW@U12NED+WF0GH6U4%HS MF58<3IP,:[`8ZQ44`PW*`"EZVQ<^8_U/F/\`4%[*HWW(CJ:H:PN]W+!&T-YR M,7TF4E4.?6=0N[WS=^!6"EO)>:#KVEPY0MIY]8R$@-Y76&^,L=>56$48;"J; M8@31URU'4#?G!!<_/I'P&J8B9K?AA2A5D,,:Y1#I%O&"`$6+)<9"4IVTC43% M!3.[C6JE*X*PSDX]X`67O^(6T])7O]/U#&/$:1Z(^TY\C&!E+LJW6IM@6%AH M&"C76/`KHLW2V0'7:*A9?M]?W%8,V>GW/`1@J&1>4W\[[Q!HK4OV^O[\!&"H M9![1;F#L*90ZQV*M"ZUH\`('6?M"!7@C+GE\39YGW\""VW:,-OI`NT+!=:(- MQZHQ/=2IX`/.W-$(CGWSU`)6(X*O,QRYV_*]-70L^4*5D M($(+*T&6V8U2B^5J&PC*R[ZN*.0O<%A8 MD(`]NAN`CB"J;%[Q*4NZ4OK6+]?$E+K(1C.;+AJ#`'M"ZC* M5JM,A`LXRQ"OT):JIOBZS3,T-8/FE.$@2L2"&; M,X6VB:9_M!W)\6T5>8:4TC(LFY`!):[7^*ZU'C+SR^4LZGN2QTGAW&G6].N\ M*_OP+`?Y%(X8#QP<1VT,#>)9%S,-"RT6GW)2Z%GR9FF<.]QE+JX+1ET1 M5VKYMRAW+9P^W><"PO(NKW7AP]("J@Y*$XK&I@C`&`,3_,?J("T*-TGUBKM7 MS8H4>P+]991&:U2>W,M$PJHMBQ37$L#1U7BNW-Q@`8I/"2DUTCSEXY?*9U*6 MM&\V8[0.(UUI*\($VWQ"6^;2DBS6`Y&\3!\<+81M:*3!VU"I"YE#!KE*S*[M M1;'!ZC`[HKW0+\Z,Q<$P;L*]"JN660EU63+;5D%TCJF4MJ"E8M,I4`QG=O28ZGE?ZF.CZ_J*K5;8"VM)N*K\LI0N3 MM2L?@"T.J'O%1-!YSJNI"P-K@Q1[P)T5J+7)SI97:"6L1K76:UZ_#C$@UN'= M!UJ+ZPV-NEY!Y5*;N7GE]#2W((0[DL5J)[$Q:65UB!:XNO?_`"("C@:ABL%* M:QEK=RC0[H.?L2W2*(M)Q]8@IA7(K0P8ZS.LHY%'L4LKHB=1Q]I4"^0\V--B M]%_J`*`C>DTWKT@%K^`4*R%.,Z0D+LO`\IT2CIH:EZ1YEAPYZ5@^A(F?.GY\,BHOM\^D%%/7P=((47F_P,9I35XO\` M1TEUB1.0Z^*&5#MA"-LFE*;ELY`[N_4U*='SZ02MKR;Z MR!;F\;+UZ'2*\2=?SE2:#0P*`P!6E1;*J+6HI#2"E8N887&-@*7?*#%KX$;5 MH$3HHC+S=P6G:`7!'X!I'HC[3(-'5P\#M%T@3L6(0%!LIIQ*",TJS)SBV4N`U8E>BJO M:&EATV2H MC6Q,V'' M.D(J/KX?.=R:_)]V<^OYA4%ZY@);>X:IW/O%3="_:"9`70UL.9]Q]T<(*3B_ M/K\&OK^&'B=60RY'MF)&FA!>WN]&I:T,C>6@40&([ABG%]7N^"FLV9O51&#`&=:#[0KBC=]OEY+ES, M=<#1!<$4+S4`N(U(L]H.K$(=^5==8^L^HR MEWQJ).-V0`*#5#`ZY@$@8@+#Q[!E[4HZ'M&E4IO\2ES2]\OP"N+`H@`J430, MNH8*$E(;&"B.UG:._EH<&T#/K&&HQ#B8BM55U1Q+9$]3>?`$H0=+Q%.VY[>Q M*)WELMELOQQDH=UK[RL^CR9VWM`-*>6(=@J0ID8%1=7=@+$EJG(6+RKL^%!H M#P=)NM9UR3$7A0WAGV#P07-?V)61%Q=#-!R5ZO*-:S&VM'?M"Q=AVK4KF8A-&?#AZ_B:O7[L2MQ M*93*=MEP6"EW@@]1F>'5O;2N*F$@VY;4[1*@(PY4<2BL"7JSA]/Y3-%@&^/&HL(+@+^O?DLRZ'!&WX"$5,_`8C;57V#^(6"\`?/Q&F"+S?8EX MOBKCS7:#'+!U%CU[':(QZ.N\"H.WW(E+Y\$"V\?/6:OP[>%VW5G07KV\+LN\:.OK./RK.5*9*;5LKV*+.^)C/+;@V'J6#93U@5@C`HP1%8 M<=>I+*QUY\IY/K_4W>7A]Q^!4+I3%%404MS>G93"H6N"H(9"$3(-];#J"9B) M^H/@/"R40-XCL@W1TL#!XD.$A:U7$S/*P#->A?#N4X5&6LX?:6PNNE&H"&W# M<*4PV'OT]H1R,/>N/:#5C:EU@7JZ3,>+E;+8`M%*@INDF*D*;N]1)V,8C^(T M0V)7G<81`/6L[6]VRR2VV^<0%0,*T/=Q/]+^YHK51@ZQ>;@H5CG7>IL,@X") M>&=KZO[@I0^<>"33.2_H?J.;$;6`C&Q+CW@5;"<1@')DS1B50`^U.U=, M*]/^)A%)%W3V,Y21E(5)2@5B78*])WOH?J-;OM^?@IZ>-/25&2@JJ-:K45?\ M/"WR$M?DB#N"E#YQ$O#.T0`P8^`T>1]O!^SZYEJ/I[=O![?4*7,Q#2NY!LO& MQE95C#;>(H`$TY\NOBY5IF=-5ANQ:8\H$@/IFLW%+!J_+R9=D0'(8P.C4IW2 MR@OG=XK@E#5%V+'M+)1J:\57'*B)C-M1J.0K95+Z2"WJ)4A M1@6]J-04BN60S-M$3-ZJ''>RF`L$+1,SJX-J$E$R0E53"A:HQJHNH%@+8-$+**=4:TQ!68F'$J.1&\;@RUI[DL"I<](,E[ MP@19067PY@6F0*W!8:W1ST@6-J*6"CAR`I.Y#X:#C8Y06NX:1)*(8A,($@,' M.1C\GOEZP02W:`(604E8Z"\18'KOF`5*#?.VN.[/E?H@-ECYGW@\^]0K739;>,SD9-` ME/+GHFE3EI/3I"H+"@<69#M1+-)[_N.12H4+QZ#&I=_3^YS3MLU5!V8;L;3T M/D1JMT!;9+(AR,`1@75,4@&`"!5ST$+`&`5K!7,I400RH]@0(XE5ZU@]'0K< M@TTU+=JZ5K)AT4Y88AS4R&KNK)L.LJQ%>PVLGWE>:*8;=JT.G*?/,WY6RT`39Z">L[;8<:^Y_Q M;B49`%K&J*VNX;5GMJ8$,B!T7"[5?7^OC2Z[(^T6Z[%?P>;Z?W/-]/[GF^G] MPHE--7?I!2M9@I6\S9Q5_3P>/.**@H]@=7Y.D076K,[H!VRP@=(]C@D*W?8J M"":E;52B\T:])9X[K.6D=4Z0:> MI#:L'&`Y/`H%,%1BM*K)TPK4"<-TEYTB//(R]66PL76H?>.FJ&!X M**1JY&X1:.D@RAS*KW-O/_%DJ0R4W=/2+P.U8&E;;<#0P!D/ MO_"!1$`\>]]#]1K=]OS\-+NLW?/@040:5OU?`R5`C@;$.3HP+%!0R]+Y9:A_ M@'LACWB`:"\*"KN[I@P-8#.+H,!P>*D5`HQ2X[BQB@^>+#`PSS5P5&``]6[K M,-2E)G?=OM40FE$0;8Q"AC$!T!REFF#&1+<3>@Q8$S/7[0*/+0/3]IJM-K6- M.M7%`"<,9UWB8@/9U._AH\R$$G,"JJU?8RH.,SC](7](`C`CO%%8V.GX%#*@ M=5`]VB!8'4'[&$H`'2,Q>52O*6C*-(`1`\A>T:T#OJYEL++.=%P1V3^C8)RI M#G&H*GZ@&VA&"#H+;(>I#072=BQ:YJ#+>CE#JPF;HUU>P\L+1J@0TQ\8_P") MC[+&H:J(U`'$"E+DBS9AR$$>/"EH[_4A1#V^WP#%BISL_<[CW/W`C=,]3H=X M8#R(E(MLG<>Y^XBD<)O^"GH^A?V@-737D_;?A44N"\?AFQKZG3SC-*!6VI=\ M[QJWW:"%C@S1-X@YA@K14!@NM'C6(9JRH:<#I$='9E9T%8>`W'J8&(K(H=6( MC"$<2S5B-,=#H0P(2BP+CM#Z`0HH"4T+1&2D MJEK@*?12,3,8P`,Q>5GI452E=K3(P*%68A;H'!:O&P"M'_%=TRML.WR'5[0P MKAFA;19"EGOX*D>DS55KZ?!](^QXTT.ZOUJ5;2Y7J]R.UU?X&%I:5F8AH_UY MQWX&GYXCL>8<]H]B+1LP-&7V#Z1Y>K528Z-^4/P+U(H*I/!8B7^P&7DS%5BXO,IJ5Z#+2L'$=BVR.[7:\\K+&_@K MK9U7B-2EHXZ>W@!3RB>=1K]K3T&:'D?:7X#639F)@B05>;7+2R55,$D`0("R M\98FHKBFK,->#:*9-%RZ>,S;`=`<,B#D(S*N1:F<#E+V?>++#BF`5N:*4)NQ>H*5C<4#!H9L5YC8&SK6DC+8!D*NB, M=>"O(4N]+,`F-I1F<"8=G2)D!L":X`"NG_$3!K@J06V*>'2\R6\"*GI"I7-_CXKE#E/"QG3\P`'"W'-UO>F M"@,6\^O,-WY"E=3W8&`1&YO3SQA6!T*<>0<^I"=/A5'"N!ZOS`&KTAH\CQ$,J`95WN0KD%V[JG=3$KJS?D(Q40'4"+)P]1'L%]$)AA0I@H)-J]9?!M1MZ4 M8465Z1!:`Q3@.;"T=1)I0I2Q+;$IA4`Y'1R1:U#D3/JQ)1*DD;@%L%G#&4_: M+A9+E&%S4=),8M!NDT%\H!`=EV)9T?\`BLX.P3`P%V0\A<&@"1Y*)+(R\\]O M"WJRF4RWJRJS"^L8`+II[,\[W8"BO)]Y30+9@?@#1;4I.)3TE/2:\28[M57? M:8!<%_A@!>&:N_*"N2_6Y:1I*FE5B,C5UQ<,I-4I=JH1<`;$U\^K+;8"H"`& M[>(8X!65=4,]#&3B0@0*1I.8H+VF[>P-F0O+%SR`&HVORO'E%6:3H&I=A(,B MOC!W4,U[.&'.=;$KU@F1[&V3H-/#7^#6XWAC3?.N(&9LT8Q?GX7XE!2QA<[, MYBPA>E%N+[YU';2K4XB,"CBG-U$`FJK<1;>".W,0AH*\@ME$%;$JRW+><5%( M!8W(Z%$`.M03`(C#NL#W"#*\D%'N;)1E4+!5$-:"Z!S0A'JHM'AL!3=C?7,$ M*4K4&;<5K:[(SBB6P#"N*!J^:A!4%%-BMPLB4X9:)!&?$0HK0S"N"84%U2[M M17:9KR`2V@+0)Z3N"J&S[%_\60/Z*1$:*IH(KW9,>"7H5AX&A1`W84]%^#0:E"T%MHZZ(.W$"<<&]UC[D0%T]T`>M_M,BFZZ"^]* MH%X$%KMTT+S,]$>B4G9.&.8&6W7^RS1G87LYAEV@&T:(@48V2A&L%TK/4M;J M`VU-E/!6%N,P!0<$*JV/9WW")6$%8*JKHA$"]"6C."%/A7X;`5B)OC*DI][N_;4I`BN#(JW79"E=4 M2`TF0O%Q9*A/$@M:Y5Q$50L&@IT*M%-5;[1AH6&YN0H&2]2!BZ"YBF(88((C ML!I$<-&M<0N,6`@;W;/VA5>&NY4NNCK!PU8`";R`'K*7F+*VQ\8(&R@')*VM M,4_D]`6.(MKE/1.%!A&X%Z=&!KC8YE;D8W""_6#87>9P<0K)2E)1HX.9AY)P;"&V04D,.8^1Z-O\40 M.JC_`(V$_P!"F25W,G,HM1/.&5)9R%%0UHV9 MN5Y;Z=EEIR4P':;UTNW M,*(0/5+0E6C#K<6X%QGELHH%V&[F3]_7I4H3BVEEM&4#3VE-O?&[-%%'T2E' M2]!#6"*;3.H-0F6FL%T%^D-@(`RF&7+Q*4/:4U>+-O.XVOU\O6BWO&MD$HZ< MO';'TI($A3%N8W-I>:L7FEESTM'0BL`B#A"S(*F97Q72EYZRW`+"W'(%!+8( M&#FJ=<7!!@58S!X$Y2\`5<-Q;+6*[6.[6,!5#"VPJT@VN6H06F(+R!\I?^O\`<+[OF-.N[JXI2JS6 M->4!1*LP/`@EE%8Q!0#`C;S%2P(FRBJU;9BP,I;W3ZR6FF!W*O,"8#%5[K$K>S54C7;MJ7><3`<]%\ MF=+C=%NM7/5:#L"Z4;>8&`D``"+I2J4OP`0$V`1K.1QN;.A$%@<,`TXIL2-+@5BVE>UN74M(%G*2G&4NI3T?:5O-:YG?%K"MM7B+4 M7OOYQH5H2E6A'A[,Q4:G%0%WT7'E,QI:T=,5`N6&!J^3JS4)0U1"A063FBV` M5G`;E^[O M;Y\'P,4(T7J_J=_W/ZCU&L]/\/`R@46W6`N6G=2D'DFGR>8JKB8'<3X5`:!S MZ12`A,L"Q6A60ADNU71=UF"NGY4BVEO(4HGU),@/%OT>M>!PA;=:LP4&@"RT M5_`8$%+N^?(8XJE%UK+W#^`\Q6-=Y?@$4R^!2E.*J*XNGUAZMC^,I)54&?Z8 MG0#U%@^$6B:;[W#P+-["L>K\7SCJQ4*9"M3&3@>LZ=C\K`5;PKUP>7L/<)4,;;ZAT>L10( MA72%^HEBK:"5=@..4F!MQJ&`DN6Z\C+(<)5][YS0\OQ\%_`557'2OTR[`NPX MU[D"A`33C]10BQP[9;RO73!2DW&@MQ%W5OG+0A(=>--\O5%5-(L4WG/:Y;OS M:T@1;OU8CS%E.D$,7GF`M5LK===4W'WD`[?D:8<$=;2^F)G8%W<-L/B6I7E+X4;KFX*U3N! M^(*=78:^L1IH;K$OI>S^X`Q8]-=H&`V$Q_B`.W\KQY@S$S<4U11 M5I^"@'N_XV0`KA?Z-&/9C'J]LP"B!7ESRE75>48HT8SWQPQ2D"DUW\51`@,<:*C@XE,Z'JN-RF``-PR+DO-H,6C3"#K:OM$38GF5XN-X\X('0*O#M6)K>)D8.FP MI]ZN*W+;UF\(V"[!2J\IDRXLC+&EL#GB`UHI$=H)6;XEO'LULN:0H+HE9+B^ M*7!#=8ASG^TJE(5NDHB3T3M=EG6!;A;`K7796.%N`BG75;!9K)5HUS1`0['T M`B!I"61;&B]RD699J*K2*U\U<54`T`'M].)H/MH'R6I3%]PR>.#5B^4J7S@- M7"E#?`%$/M0N`L*+G`H;4XKK%4=`"I$``(E M,RPF@H5FB5-I=L79%6JF%H-MJTT'+B'>$N-7$34J-YX;XEYI*:#91I?G M+5*V4;X+OM*>C[2D056673U/:/&_FXEW-BQJL[[3M!].I&,P!I8NV])6"HYG04JMDZ&$5$MUI2+$I6;+EHK2T),65]5([2 ML+LWG%F\L%!(4`/450CWF`M)JJ*W2BL5WF(C6OBLDV82Z9:+@[*#%API40C( M?`Q95E%%E,(MJT;@<`$Z2J8@:05:H'-8E M"%,`=%B9#+2FU3`J'!T'RHO#OC9>W6,W`N?FY%9"0R%D=(*H=*3@OKK<(@0!9#0%*$N4"&`+14*Q<]R#"-(JLXKA-CES+M3-&./`BQ\*!M M9JUBHXG*V-.XX"BSM_&Z.E(\%&I:!(+,+<-J>;>((@_?KXMI&" MG/#%C5-"E-7A>\$R5=9Q.`MY"[K?3^!O5F%"7+@O:4JFYHI]!IP!P588:IY. M8)41,3DF%')F)@).:*C8[^PEQ'L'Y0Q)I#A,2@&QA\V5J:&8 M#*LFSC=N/?B.LD,>0&CKF&&K8]LZQ1;F[R,"&FY?FT(4Z)AOBJ2P$0U5WS#J M`N]OWDO4()%(0"HHJ]QNM"@:+1)@J$4(>,8D^@,50RS>Z0XH(BF%W7,V0N`G M#TTF[#@MLR$Q$29-HU".J5&6@I`Y'*,6!M(S`C5:R#8\HBPJT.#8 MQ9OVX*Y.Y0+EI76+"5*#:Q;8X\&XO:=?5,?($J]05>+N6<`'!EHX+O@@R^WV M_7P-6J^O]3R?7^ID8JIN]/L3R?7^IE8JIN5+*+5$KU>TR?61JZ$;5+O)3+`` MH7=/JJ-W1P9X2[0"(CB/:DSA;BP[=_!(M7&L8J#!F-D+%%DX:M7*\!S(PXO= M_J5Z_8_<<*='XWIK*(M<.Y<7D;.PP`-`%N)`)IR1YI^ERLJGKUF1BJGKZ3'P ME\FJH6N\5W(P171C<=M66FBMW?:(M:KXKBC.R)KJ&Z.F]Q!4P#FSAZ2L`4C<[MS*@16=CE6X`BY8?#N]/L>'+T_,0YK[SM?>`&H2J#I8:!7@"QI8 M^5L`="@H*UR+H+,4D$EO2MT:JUMX'4;;L:,H`,*8SCPM^^<+97Y;DRZ@Q(5X MF2>"R-RGH^TMJ6V\=//I<&+$.H"?:9OOX4^-/1EUE+#*=0V1S<@XZ1&DX`YC MG7BHD-O%@%:;B6PR=5(-*!2V)1]U(#>DJ#+Q*7):JDI5VE]8L(:JP[%\]8G$ MC>]6"#"NG+@=2H!T-+\_"F!@M"WI7*'2$%BO(A@ISN82"TK&RN\IQ!BM31%6 ME@%T'40G"87[41+&[KM`,Q\%DUP'K,S%&0F5N%"##TD=OGX/P(L>7Q?3'V)E:.)^@1V#MP9J&S.),.0UA*4L>)<:'#7- MK0`VZT<1VP\'3Y/VF_I^3PW>GV/'5\\^'#U_$R`;SCX.3S/O+R-S,SZ)MF>L M%:U--`J3<<+XN*\[DY#3D!?=\$*_DA<($BP1T->[/!/R;5B,U2> MFX[.#H[T]Q@&T>D#EUC*9:-@+A#,[L1!!;+1PWBQG+;P1I7(`;8NF.`"F3M@ M380%)EQ$HK-*+7B`$[7Q-7JT;;H$"T,PJ[KJT0)0<:@$YT7*$@T5$=J7.58(;!O!R& MGHI`J=:-`&NBU5XEAE"^ZLSK,6%;RAP([EGR8(=UE`![A9V2SVQL&I2G[U&] M-(M`<%A3]X>);F.JU(4ISPN%:ZU8S*TD#%7VEX;6XDZ(7%U+H#X%M1<6J]"O M471JWE\85P8ZU.TD&@T7EX>-M:B838TE.#Q@=1XD9&>BZ0>(74^0P=>`S\B7 MFN]>%7/-X+47L/O\5M@NL9:*ZD#"`.]$&8J#1NP4TP<\-"KD46.BMGE6)C#0 M=W7TCMBT]?W%2]9CI\G[3?T_)X;O3['AD9JH*`\.'K^(:]Q7]RI7A=9Z9]LS M('05?`>N$!K-+M9HPCCGM&-(%1+H!8\C7B``H:!!Y"L0SX5H"K6`3&+J7 MA"C$E`+[2LN@A:/VLY48R8&ZN/\`8,ME[3D%L:$/XBK'#*A'3'&,P\&]2BJ+ MEJ8+N6,B!&-59EHBC34`$"KXE=PG,PJ*/V:QINB-8:$>C8*0,T,9D0I&V>9F M0EBMQ>]/M$C9%4%V%J:IB4W7N0A`C=' MVR4RUG+SX&HJZO%UQU\`'<"F.3[_``YDJ\L#JNOG&0VW?HI,8XVPG(`)*874 MRO["P.(/$``&`P'^^&OK^X(TSY/2;^GY(TJN_P"(MY?`4U%87P0=P`4>+N?/ MNJ.-^3:*$&-2[!%EK&BU+;Q=_.+;=6*X5G1BCI1\;'+C;6V`-'9P)7G M6JXEI4K5>%&/)94%A$UF1W-L'`*`V2N-:RYE\&,@"J)>`QN:Z#NMWM?1B5-/ M1V*OK0U40>\"WD9`UL6#44(C-(QWEG+:,O0Z\8CK MQ^DE.OWBMQT^#\'P!0-XYKAS%XQ>K&:W6>\"N?O%+P"15!Y1NTTS,^&[S\`74%`?$@+@VQR$0\`M`S>)1(39&X/!@T_#&T"L!(&R'3 M(OO!P=AP:9ZJ2^GQ@YR*@YNI1R9&6"M"Z\M>@XZ1)W#)IH/KB7Y:J*`LMY#R M@#G)HL%92SB_&JZT4R_"6,!:>R:8B"H3"ZI2'!3)Q'?.VQ0[3;D.R-\'2A1P M:JH.E,51[LO2>CPA+,<75TY."4`5FV]FJ-QH(J&K=.G!,'O$9U7BJN#S>]RO M3$*;.K+3ETJS4"M+"2^"F.6&HO+!"J7%#9.4.U@X'5%:JND)+:IPS&KS[%9X MSB#TCE]V5.E;@HD7?:!;3@\&&`!#.^1-%[A_H(JY*P:;^T*"SW(B!-(<9J:1 MP3V#]1\L$$$VMCRQ8,4493;1LQJQC*@JJN`EC-EW\# MB*%$*:Z\7!%88KZ?`DV"EAR6/J26WL+>\@&I!H-8`]BC[0(6"^:%[;6O8(`( M^B`8Z&3Q)<=RNIOTGV'\>"E6]PLU%MG?P##U.^LH@%9O?9_6@>:CXP&+7W#L14!), MUJZDU#T(SUB0&6!O',$57N!83WP8IGUEKJV]Y]]>)9*I$,]*0#A'9IC/P$%( M@@%*SQ*Q8*VG&T4*EDOGJGXC$2,@GTH&=HI%@HUQR4M6D$"A0JZ>O,@PM(-5 M=4NO.'`:-BBWI@A3DE:('G7685B4M`ODG2Y6`9V_LC8+%)5CN[J$`5:+05"\ M!0'K,P%77?=!&R$2%J0BJO:CGB7)3>(0986\L!AY MQ/A9K2EG0J]+EW?K;W)3*%=9+%GF6"8`1R5M:MWQ!"P`E&T"Q05;F.917+.L M=H)+%]ZQJ^GC]LC:A4W\`Z/G!5'RH^!TQ+*>>F)30WOOY^#/9'@0;O0Q2I4H M'((#KD?A12UFEYGV'\>(#(??Q&M8Y^WG$I7-Q6#`7=??P_7[@JAP#ZW<.LC0 MWH4TC=P*J&F`'0`&N@,``4*@.0%+SS\;[$.44YYR"OK'1%,*,A2`FB$]J7*Z MP%WH,P*H70Y%0,"&L]8=8>[JY56&WF9O0_6HI[2&HHO"BSGRZ^(X/3.=8SFL MRFN(.R<`3.;J!I!IM,AH?NRI[`VNC#IS4P!>+8>6$!V^#.5R^"K M*U/6MY8#P>`$>HTV]H%I`6!8K=UK,6$P3L^3ZRZ(%AMT8]6Q8%;=7OM`YB[H MM'+.UB6H$/7ZQ>T[F^M9X@.H%:AKLNNG<@*]'NUC#=XNX+RA&E%C2[W4H%36 MJA9OH@Q'3Y/VEO1I/7$*[+OK``6+V<"@-'!C4SQOCS@70VUYD^<]/@H+4`Y< M2E(:L;+-PJ*9%%]HWH*Y`YE5E\CI?'I7@=OI+9/E1\"=B#TN;UF(LPMX`OS\ M&P;62W9A%7/,*@*1?9TL-L[OA5MR[>9]A_'PNYJ]?LRAV7$B@H=#'$LZGO+K M85#J<"K9=9:JHEU=U9`"A3M:2NP)1C`BO,N'J%"^KNQJ M?&052"[]XZ\DAR*;]1(8(<)8#L:@-)(5%Z0;*<%5BW3&8*QS=X=,J\R(0;NU M60*!G<2\7;>VG&#E"*!8Y+JN-AX#3':^6CQ*MBW>NT!19=?8[P5;AP6ZWG7: M51D%B[7C>,,-!"BU77L+^(^9'+5\5^_"A7E2]RYYU#35;5,JVIO<0F@@VS=8;'B M+(&!$6J8+D:2'DFKC0X&J[U2KY1+]W4@S,N+CQ5RF'H!,SY*C:NTV<04[NR4 M&*Q+.O>)5T;76&\5?$;!%PH)"LCRQB`IG#8@*:3)[3!Z'#@!6LDL&_(/IMW! M0"5>^]=YY7$(]23L5J?._I/F_P!)\G^D+OMZ[F"(A6T(>ZNQB!30*P82G(XW M"JYQY1JL?/LSG6/7]RWKTX[1662A#;0].)9W*]&@>9YRP-F0^22GOF`BBW3' ME$-_QX7[MIY]^=>'RG8\=O5^)M[?`S.C'V.!;N\L]H"%R,LO*'FEM:^%V M\G[14V166]?AW?/,%IS+]OK^_@=,H4CJS)=9JXKY5S-K,7%%P-S*(!=]:6P6 MDNBI5KK6;Z2GQ-L"VE=;@ M'QX($JA$)F%`C"A&0TO9HS%?'H0@;6BR.(B%4*E8%:P#F6"!8LRX!5UPC/Q= MF!N*T#.-0!6^E57V.QQD([2@09%.>])%A3VQ!0SL+6IG_%YT(.?5``SN^.'< M=9CH_3]^'O,=_K,=_K"0!57D;V]XK%U!]R:?)]F/@:9QZOCR3&^AW6I:*;([`HXMB,OF/=%2LY M<-!NB^DNV\P`HKI>DZR%)+'$L:'1G"XFC1WP!OWU7J'!?<16RK3WW(7@2X;/J:O$;``&[0B7"&QY*KMXYL7KBYI_;PU]?P3]'P44 MNJYO7U@+P5BL=N(0PQ@^#C?.H>:E&ALA6,VKK49$T\V4:.0CE"!(U%+IYL!L MO,MD4;\`D:>G6%KN76B8=UNE\1X+F;P:,D4`N"-].@0J20WT/2`=6Y6( MN&!>-07\.)1O$W:U=62Y^BOL9R`!DVXE@D:'42<5Y4;<2F'ZP;-&O(>)NH.( M=VO0S2%L%K$L5!+-EEGF>#I\I;U?>(R07JES6N(EX<^<_P`PEY2J\4J],1!L M!Y(0\;$:3TEA3&\%%U.4`O02YLOK[X7MS53ZU_$69^V%JIUBXJ2K>-V':&1" M7(Q:";<](<74JQ1TU77IS"P3DVF@QG2$+CV@&7RUZ3L?5CD0IR6W2Q3EE4$` MV9;JN'I"41*Q%7;=7>,1$@2W"73;A&M,<*MNUE[>4[7N(B.OV M>="`Q;6FVCV6<07RZ>\L9O0[NK&ER>T"YR3('Y$SU(G>!=JZ*`R3ABR&J)3* M\-B=I;M\^D0*>O@BHWWBUNLWKM_OP.K*E/CAPZ1'U*E,^Y1:LC0R:ZYB*.@? M='K3#`6#!Y2D11N6CF@5;.87&)R:MTCNT-RQ@9PQB:$EEP)8DB+*9T6CUC0H M62$)9`)MR%Q0;>@R5VZ!R\0Q%WQ`34U`)YX@VK%[4%N(*-^C&(I:N'K6\;Q% M0#EP?68=AU[U!0;!7@IP>N("DNELA6[5AC+;K[0$O#GIQ1*".\WF("HVLM&$ MZ$MN%E%`!J^=0%C)[(=1I76-AGF*.08;5:-P8!6S=?,K%2_0T.%,^I%+5!6K M:PZLXA0JBUBWXENI+=2(%J5=82>?Z?[//]O[E('-D#R]/!6)#5^D:WC30#KF MRF/:,<0T.BH=Q##`&0%/8B65 M`:<^",KG;7$$&B[LWTY\XJ23`N"*YK$U8$-]0#NM0L1*8>5_R=U$3RTUBO+4 M6@"TF>\*"G`+L_$4FG,;3G6-S$+O%E5L6M,5*ZDE45II1Q?,)I&1HZ*3Z,2/ MO\XN]%E?I!S*.K5\LUF6*&\'@^)OQU^3#K:E7]:_4KU>Q\'Z?MXBPQNOG,-3 MTPY+A7&0/)A.E595(?-!N5)H4EP5E1L<"KOF'81%QFT42RYB"^`F+Q:`:Z)8 M#"L#!"^`36F7CE+`>/WMQB9\$LC9$NWJJ6AI)145P+H:X8LO4].K;H=KNY50 MDLTZ%,5@CK\K`Z!T<\P4WB?8;;)AQ''>@_<4"M`K70RS!2>_"5<%YB6`@JV[ M*^D,@]B"RHNR=R"?UFBY\.L&;30K,Q>FG*"1?,,Z-+:)HP:`Z6V9CP'JG'6A MNCDEQ43@#Y'#SA<9;1`5W>V'7A&LC7)J#>H4#51^/S^("=BP2DZUVB19^;C6[[?GQ;HX-[#,R)A*8$6UK+&^!N M!#JPCZ0?0'*9U%FA[0*H%5@*_$IZ/LQ4"F@K=_U*\H#6!Y_M+MEL:S8:Q6H- MUR):,,*H$=JQ*O>FM]JC/K1*@:QO6V!92*9PO)C#PU+42;I=\[W+AESF5F^, M[UWOL3")6Y&PJMB%5&S"/K9]Y?8]X"YKZ#],3,H%.QHWV)ANSI8E^764BWCL MXKTSS%:X&EX'I>N858 MXZV5YW<9VIS'48ZYH>L!@"H:?.7FE9:"WB[K[P"%ET!V2Z?2)%>'J`#4.!J^ MD&DSYO7LH;4"YC+'*IFY-<*,PS':S'J417VZ2E1/06^&W+'>=5#4&`N0YA`;`.$5WX3WEA`&\4S8&WHI$Y4X1QO"/O$7G-.LJ% MUFND464[4IC;%56J%[O%W`B4XHQS:OK*1KD#G#1K#BHX8@LT"P6ET8F"?J=Z M@(]J*6=S7P`'2-$!T+W_``"+4"Q+K&-JU$^=#==>4<2^?1<@TL4,_2`#PE*J M$R%E=,Q%W"U2_IZ46YZ2U.$\(B+8/DO$*B/!+@O-%MEQ*>A MH%L2LUP,J:L91&L5N7R5MT,.;E=S`TE&]S@Q#024+`)IS!8D.MWY\>G>#>3Q M0;9LSP\/2%<.+/D$;1S,-^DXJ"%?4\TSNONG=?=.Z^S&H-TO0%^A-+M\F..7 MO,0Z`^83*O$-(SIFW`:JX=/'#)529JUSC

$PR-5Z`?B6$5AY<(9[Q$:94I@8.BCP9D.6J? M)Y('0OU^TR[7+TUYQ`%8E-V^A1-?D^SX(R7G)S&>Q^8OA9$*AJ[S6ZZSLGL\ M""W'TCH2)$=QUZ@6&2ZX[QU=+%2YOJ12]+7PT5I5W<`.[$>EEC,L1R0@H9`# M*T1FICP1`G1.0T^&!FJE5N\ZUR^<):.E8[[7=U%:]1"ML#<0ZO+IEZ2UZH\;=%[RD?2NC8N2 M\10"RH=K;4>@%W?:5DM9V[;U!+:44Q=[>L0H(I;IX+[;@LA5-ME7QK,%#%JU M7RXSI8J%0BO;0-XT40;@5O24%E`#TC[$+[9$BO(8.=1;)>%*0RBAOJ[3-#Y4 M&74S0AA"K%+JX%F"-Z)SC7$SO]-'_P"`TRFW+T1P9!D#$$*`+JXUE MJ238S-6!5=S"*)"PM/`2B/2YB M#!=Y<'O%XOUO+D(7+RQ27VR,0):;H8Z;Y0FI!=-989(,H;H6"U39>1@`1!;S MPCF[;'F`0P`I=05L+PC(*5"F@:NQ]6(/$A<9M2I?;F2-MTAH MSTE=U%@*K!L6\;Y0_:I^&E\#.H.2C`/HI]"4X&S@[3+=!I,@X=[LE-]QWV,) M<"5EB9E"GI"LVVQW@-%@H`B43"+[=X)9=56`W?0\*R&\HN)6UM$:*FC6H)9AK%#GL#*,"`V\W@Q29D#2D3+`5*L,7$! M9O=SC@*JP-9O4!E3>\+'8-9EF+6JMYX!D"[U$!^QCL?1!3(L[.W3M`@(^O7R MB"UZ!&5UMA0\K1+I/(<0"PXM.6_/4X!006VC;.#D5^Q,$` MBHIHU2C*DX+NUGC2L5"NBOI_OAABLML=E&!7F6!MX&357EHA(CDCN*UY^EP] M>YQSR*QTO$Q"U8#QT@"#F*]VN)7&(J2PJYN#H9>!38-,[#[P3OAXL#9*AOM# M>7,%=&+9!U<4-^4.S"72N10N("D%3L^]7!%'H\N]T,2RZNJ_+:>(=4>//<,HB@O,,/FY;+D746\L,><`Y\JE+5'1?65@"0S+X'5Y\&V$L;*\ M)]Z8\-K8&%6[.(@'F@[X`[6Q5+OBBSHF]@YZNS4[?U/W&.$ MVU>'N#%`OBK@SL6FS`@8N]SWB3RJ'ED#JR[JJNMS[3\^(-E'6E^U_`000@`= M?-K*+T,T8YC5RHW%*5!(5Y2OY'V@8[3+"\L29%"U7K-(^WA6&UYM,W9"C>6N6?:63!Q;\R8K*X MZ*@-MY?PEZD#D&C-K(0BM@V&&XY>I?+`5])8X[P>;5PK7N6%H)J[NNY#,[I? M2'W(004PL9]8:J#0);85H8VQ913"9;VU&=`(\%D]F4M;`GP@*B!!72;S5=Y] MMA%/76S9\YG,T<:6&K&,8LFE73NZ[:IZPD`:0BP-=*N(P-N.![*LH,M#C#?> MTPAY#O.@/F. M^M=_!)I*%`4;N*Q7$$2T(%V@2WOB;//"A57GK#(/6(!!:PG4Z1*VI$#I(+<" MX;B'PA8C4!:KBM7S"V:`:<]-42#>=0,$0+H>JH\UP@9L0#67#*WS%9+#;5T, MC=A:#$L0HS*!T4]HA0K@=#I&+U=[TE36;?L1RACL'#!B]=8"LD[@"E]50L98 ML\AK>Z9F6MK7#>KQ%QS6[O\`J>X!=]>U2@4PO512(+6,R_("$5JJ#*Z@)1N: M4I==UBH-(;XF"K=M4(.0'%CW*DS6_.FKKDT9<:ZFVZ4U6-S;:O MFK^F.D)M3%WC`ZSBY]I^?"R*K+O="]JU+'#:9RUZ'A7!#AZ_24NLJ'&TT5JS0J20#%RGG`D("BC55A_`Q+#K^+_`!"(3V.A%LM6]G@%,BO[ M"G,!`AHMUOK!%)3O!YRERQT4^U3M?([PQZ>"&?2:T1='@ZJ55&P9,4>3SE$) M8#!O:OHF+547S^$F/)BO:*A3YS+^4#78LQR`NKE6I@8E-K8JJ\RHK8L(HG'Y M@-!$D9.5U5L=C46U0@,2X!5I;`F;V-CB`5[9:P>QB6H6VEVGV2)F<7/K+ M:#@U+BUQ8J.*:7?$+8BT69GQQ6&7Y/#;GJK!M3S5RO!#>O@BRU%G1CLVPJ&Y M7=T.^IRA3K%<=JZ1*'&D*-^>^?`XI?;>'#AQI@(6+G9SVB/L6D"UY]9@)5+ M:'0N?-@`@JW<7O+F4)V.X/+UA-I=0`DK`N3O&Q$PH/96Q>T7.M#`(A@.#%YA MNC1!I60'3IK4I!=T4<[_`%`4KG<&NH#+B.<;UJ5]1#? M(YE7*BI+Z5EY06CE`=:;.(4 M-WE&`%H4''5!`)8Y'_MQZQ>!T/W(`6#3[Q2%0,TUF_.!"V#?TFOR? MM$ANL1%9UAZPH"4A2>K!%`&W'EUE[H59QS5Q$]JPP,J)DU-6O%592X&LO/QLNA:U+$P<*"01=NP MQ!;9,U008H6YEEM(;3MH:Y@A",G-]S&(Z'5@%J(5F MT^R/H&L*.\!7='-6)V*H`K[-1@4)J).C)I9(9VP_$!A&]]!.8J*H7[WZ#9M& MH(8#-Q*4Z*>S/KOW)QFF\KWV'G!M![I(,M@0A%KJU>1STN"$@LR*]NK/#WGU M?X(Z[[^#\S#D,KPX)]H:\-?._8^"^9BD3DK"C(;G%, M`,JL"0T:%%53C,6F,B:@-'LFHW$,6H,&I$Q2&6-KDO.%"M:@Q3(#S#<8@DY@ MVI;M>2#BH78M$:ER$LB5*V5"J\]#I`,'8!1BUUI+!%62I:B8JEX/'E^6+1?3 M]S)6Q5.<,GVB.`O:^4S97$'T1[639Y/OX&UK-)X-8?:&4$!U?)XJ8TM9>R/X MCYD>A?'='536/6ZCZ3YYU8>%,T[3[T0`D;:Q?1?QX5E]F6U5PE['F&CH1YU6 MU?+69?GJ5R.!Q1Y1LTNA91L8.A7$!`F"@V+5"CMFQLE*#):YR1@Z90#5<&,$R.9MD6 MVH\OF$K16=8%&5KR(W0Y@T14+`MM=5VD#)0&PYJ-KJ9>V MM;)"QM68)1P3*E!6"M5']?\``U:VEU6.("8(`:[#;W[(Y+:V&ET+4;X(`2`6 M.2L<;=SM MF[#M0:ZJX>"0S1`3^0TOI&@*U<*TMM-'=2WR2Z1[Y(K:VT"Q@RVX(@*-,4+C MIB;(O`7!C@LXB6PUFV@P"J(,*PSE[(9A6TW`$Z5,WN`!1=Z M%LW5JRW<:F\)$8*(+:6\L20M"Q(HXH745%$6X"WZY5%W:7RFK[<5TPHSFUJ\84YS*720@%YUK M>G,JI!V>GJM#RBC8^@OV)?9]G]1A2=V"!8A:]5A6DR.DT^4-^J%PY;4%+V@L MSBI$8+V`Y0*#-7B^BP0*Q`T<$",XCT"C'"K MCN>^%8W@NNSQ=1Z`*FPK#V7PU9R::.%XJ,&)K-K*1QCMXC;N7786$`[++-!0 M`6(BEV.6?(8`5;(='HLM682R+3Z`;.H^-2M'+3BDJ'+,N_:?*=B8 M)V?8E`*%!P*!72MU+BA4BAGL`WA4;(L5H*R#T=?%Z$"&UO!V&=SWP[GO@!6) M`WL.@KQR2Q6U.)[F^<1`B%&%ZCR'2:^OX($$:/=_4N&$]6!0' M4%O<$,,'B4HKUKH+*#844-LM&D#FASFU;[7!\H,EE;&DWPD#M(L5T9WA<1CJ M>JIZ,_2)I:I94>MHI8X7M'O3FH;;:&NB;=\Q$`9?:5M*L'.(79#;"PK.RC48 MTIKB^W4.G@Y$[0FC=,JIOIGM`TQQT"32,LY5 MV=H++TF["=YN]/N1"T-FRA;*@QWWT\(+)!\*$N,NUV)<<=X4TT>D&`;$S9!6 MI$P="]%E1:"0R#A)O39S,R%-12DL7&K(47H44T&G.)>(1-$TH6W/KB:Y^""B4K*=1X#IX)$V6VDJ.Y[X=SWP"T5=D=SWPSHNRZXKH M'7P#(;JE)XKHP1K`F&-VJO+)]Q^(_#3.C=:ZP+7>"\07BEQQC!28ZPY)D)M%B9N@(!2U!K89:[='2#YXN3WL, M98*4C#I*XV5G-3-.8J%]8F`OT(:O$*M@P: MIF^J0E3$@':KW(9)(+&$+:4%%:98A-RBCDY!03@IABP:@:<-K`-+@[R*&S&J M8.@&BV@[NL2XPN%`NL*L[RT]%+BC0,J-0Y6>Z/'H35A05JY4`@,.=$X>(8'$ M`4.:"AJ\R]Z+%STVK;SWC(.UD+U[:N9UNSO)^H`HNN\LR&[<^JRA-BK1>%W28% MNOO?3"*<&Y51[7;%%+]%7)L":N,@CA7Z!?,4,"E,+@2L+8/7<4&AO3=]$2#6 M6\")^8`6;E(;/D,3YS^IWWSZ0GL%%I>;.IUCKV^_C\CWF,U<8U?:YAXO)5^F M/!N`-I"R:<#4^IV@9#?>0K:-7ZGAEYY%5O>9BV+*R[Z\=7=KTKJ_`D%.;BKN M`)#R@#1T$M%@&QH0:XJ8^.^+JXWG=Y\[_<]0YUA3OFIA8;OJ'XE[<4V4'78! M2%3>@@E2>A=.`%E5$^0UBQ5G%D4$:;TG6N7IAH3,J8;,*.,6E"NI1G6D"^`` M5:D4I5#:AKQT@Z;IJ/;IS#BG]M44M>D.0CK`4SRZ``6MA!$`*:TY3LU0W+J4 M\+8MPE5ZPJM@KR9S$K&!SB7JJ53*:>AAPM8CZ`E,A0QIRF1%P9)V,T!'K<.@ MFT,6O6J;^D%.OMSZFTX8K=F[^D;#R,$0SU22FJ$],].]1.[!C:/MF,Y`HR('WAW;J*73DF@%F M&?2OL9R]=/,R3+64`M42.ZHO""HJL@:-51P//'@669]:>XJXN0CQX34 MX4K<^;,R[^EWVC5Z7S=7]J^]-LQ!GN4/EDLU`KM[N/_]H`"`$" M`P$_$/\`X_1Y_P#R&CS_`/(IE/\`X^CS_P#!XOB7]<<#;VLSIA`9^T%#;=*? M3#M2.MQ\_F:QHP?:[I]X.=OD/SCQ][A_&96UWW[?A-4/RV)6TG9:5O:U M\\IZF$&/O4*H:<+;VHSOQ_X&CS_[M%NI])/H8'.-"7H`_C;LGZ*"0Q(\RG>T7JY>FN/3%=>ZA#L)J.J7"= M&KIW;Z6Y/DWV_P"[1Y_]C03VH`]6>9#KSEBCNI,\]G`^2BCY1,`HTV=\H\D. MW_&.G+14]<+Y*NTIT#..GI]T]3*P9P!]QKV(!&HR(CY)C_KT>?\`UH1.%14H M%2[<*"RW,VK`.[`JOHA@T$R(/-K/417E_P"=NH<"CU7N@'##L%VV.P^/(-]L M1H\Q$L5A:`<6,-+_`*M'G_UI!(OAHXK)6&^!RA]IW-7(H$HSFC^/ZV"'WBE! M>_[8K27M^R?3@1^W\:1B@KW$6TJL/#F9]"\AKU.I[[@\Q+\:Z4'V$K6.\5GDN^L< MMEW='LR1#MJFJH]B2UDNK?-?%>![5/L,`6UW3>L$ M,H^*#SH'J/BQX'&JBC9-@ZO#[/2-:"H@IT.G1F0$@2@!ZR='`U?1.T0OL8JO6P!YDYG005J]4E]39SX&% M9*&/E-Y#`:LO<>_J8!I4JM$K0H5:C!TR[:^I2!?_`%K!M[CU'8]R M/E+CZ=`%`9GS""U0+5M!1"VHVM#2%#N^/)2]9[.>3R!BNPR%!G@`?3X"T)C6 MQ7L-0<(T7="+XDS2T`6=MWD`5$9Z'E!,0'#2$L!1>,@;"ZR%,#9*ELZ5IE*6 MPU;K2DG%NTRVT2CVPDEHU`FGIGDR@"G@+K*D5KED+S2AJ$`2[*UVK9221"*T M4K>(4(*X!P$(!5@-5C(T%(-:^!4F\`3ZZ\S,5[E0GLI8G8O8B/;M#%=ROS5' MMF6[DN1:++%V]!(D%M=%_4#^D$!XQR\J[5Y7_JT>?_;6C0:=6:^>3#B`Q`8` M`/(,?#1T@4J#*H:`IL%3-3%1I9>O'25T0;`@:!!TN6V"\!1#2@3AA1)0%`*IM: M.3@O!"X;HH5B\VB"A35!RD,)ZVN5>FLJ,CV12F")8C(&:M>)1+;(Q<\Q+#4' M6]FW&IU`;0@X"U`K1;5H(ZX#;'E9K"PLM%!68>VI1*5*H"%E8-2((<55`<31 M`G0EAP3!=[+=3%K07A0,B,O_``='G_X16A744TU.Z2P0*$^;0[8V@XM4K;"W M+%9K=3I7DW<$8B-`6.0U#@T>M4-UD4N# M--0Q7B&IB65!=TR.GLU`,542D5:>X@*J):Q"&UB@I=$>6XJL!XEH"+N,;L/**,;`HNA%1BVA`OVE=W;W&N&ZQ>`@%O-93R``'WX?\`?`I:`N6'!GMDE`3R9*$K M997%+EHE1E5I@V:0PBYIM`LG%J`UX`HZAXM>R[F,JM]@DJ%X#1=7K<;/6!A+ MI*I0`[+;0SEBF.!V'(%+5"X-"N;HG0"^K6W4L*1,RJD("#5')K.`+'M?;986 MRQ;C"\DLIRM0K2HTJI31;D)3I!K(;E64"@QVO(@HLZ*ZQLF M2T3;FB=(9],_R`:5IL8QQ%0U0`T:YYKDSR#'_5H\_P#O&-ZDJ/(NCT/_`$=' MG_\`(://_P"0T>?_`)%_#?\`X>CS_P"\0;92X2Z^C:L1:-FC6+1%O!T7B!/WU4 M-@93L/4TL(#`/(@`'1Y,.=R]DEVX#A"XTT:44,K4=>]H<-B81:HVA%#&/-," M[=6\.R=E6UV#9LI.,&:K%63L]4J"-3-H:JKJHO$R<*;ML-@]'@,H%\5D M<$4:`;H64&BR`TOG87T0Q7#$5W_(%?+"E6-F^IN8^Q+P)6BZ<8K3DVRF"VWI MFWD.63%#5:(:`3+%&)@FC1ME;#)F*H"$04$8NJ*JI@:6Q=#5A#1BW-4:"'EE MRMZFT]AAQ4QJ`AN>WD+:)-$:(3,K0!NP&@5MH6T[#_OT>?\`\AH\Y_KOU/\` M7?J?Z[]3_7?J?Z[]3_7?J?Z[]3_7?J?Z[]3_`%WZG^N_4_UWZG^N_4_UWZG^ MN_4_UWZG^N_4_P!=^I_KOU/]=^I_KOU/]=^I_KOU/]=^I_KOU/\`7?J?Z[]3 M_7?J?Z[]3_7?J?Z[]3_7?J?Z[]3_`%WZG^N_4_UWZG^N_4_UWZG^N_4_UWZG M^N_4_P!=^I_KOU/]=^I_KOU/]=^I_KOU/]=^I_KOU/\`7?J?Z[]3_7?J?Z[] M3_7?J?Z[]3_7?J?Z[]3_`%WZG^N_4_UWZG^N_4_UWZG^N_4_UWZG^N_4_P!= M^I_KOU/]=^I_KOU/]=^I_KOU/]=^I_KOU/\`7?J?Z[]3_7?J?Z[]3_7?J?Z[ M]2R=?J_4HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$H ME$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$HE$H ME$HE$HE'_%DR)$F3)DR9,F3)DR9,F1I0^"1B+7RG]8@;#CUV6K-75U;4\D\D M%.%Z_P!2G7[_`-2G7[_U*=?O_4IU^_\`4IU^_P#4IU^_]2G7[_U*=?O_`%*= M?O\`U*=?O_4[GW_J'WCK+C)KO_4[CY>4[CY>4[CY>4[CV?J=Y#N/EY3N/EY3 MN/EY3N/EY3N/EY3N/EY3N/EY3N/EY3O(=Q`;2NG2=WV/[G=]C M^Y>B>S^YY'L_N444\F$A>ZJOO/\`/AZT`;!K,[WL9W_8SN^Q_<$)8T8?W-_% MM\BO<7Q!+A//&4^V?Z.?]G/^CG_1S_LY_P!G/^SG_1S_`+^?]_)P!:4^\_9E ML?8>M5"]79Z?$W5"B*0L_P`P`7`V=:%^\(?`,G1P]B*V^:_C]0_R!*+`V9L_ M3_@2*"@=L5#(4L^MSO9WL$.]%G:3*@,6M:V3M(0Z26RV6@@:1(Z&G)WT/+!" M:+$.G/B_%?A43(794;_-_L^`8*54!@H>LK^54C1?U$@N"8-T-E+=&S/KOV39_P`31"C:9G;G9@$#5_PXW-P"*NUQKV M\%3B6_RH\H#/J2D=`#C5=J\/I/C:!L)\RH?():[4<,8-M'.MRW->[[00L2H=1?F3M'N M?N6>#W/W$\H5YG[GD^Y,PJ=!?M"5UO9/JD\OW/W!\@>Y^XX,"6Y/W.[]']0% MN6?+[U'H86ULU[RX%<05_P`HW='XGVWY\/I/C^D\"=T%[)$2YY3L`W* MG!=UU8Z8\3K1<*N<->YA:2N7YKRFH:^M[>"LWTB!Q!K/;Z.=C)8$&!5>$-$" M%+-/7VY_Y*4>\2(9+9%!UR,'*^2+5:XYJ5>$.1@\`=*8LOK`Z]='[G^P?N;X M6]S]Q\.#D_<_SG[@E%ZNSO[H]0\ZL^34_P`1^XD?3/W,`Z+JS/UGSJG1,..N M9=]1]_\`@=^4^Y/MOSX?0?'])X$^B?>?0'VCZ3]GC]81NKF3^T^1FCTFC8P9:]Y5!?-G^FP`HJ\Y:O\T_U7[E&B.PGL,.V[S8]EBV?KE^ MXMN57R,+0.K%/'=G>8-@L"Z_\%V&6V_*$IM^7A]!XLTP?J!TR?'Z*4>&.-&^ M2+^DN$-J!@*Y,OK"`>7SH@&AMCB?Y)+L&/8F:8_U!*/TD_S2<;EYOW`!2)5!NIWT1H4P)#I&'H]9>H7E;X[1\%+U;T.T>T`L%=FN.LY[?/I. MX^?2&WY/:7^7]2_5\^DOU_/I+\I]W]0$V%S2_J=Y\^D[GY](G4"OUVEC/Y_K MX34^Q\5,G4F/X/O3[3[S=Y_!Y7E)9]7BL8T^7_']+^,^<]/'1Z_;^#[?[\,/ M.?N3UGZ3F_@?@=1Z1[3MGM*$4AY!ES'R"64"5TC``J^GPFI7,$:Q[>%^"+6) MY'M/(]HK"\D2;7>>=A^9A>$.K?6YO\_%2$]$K53Z8G??>`*:\5V7K](1QVKP MXG$M%?\`-H]OQFO\M3CP?D)Y?M%+8_`BC83R9R`J#:,#Y7F%6JV!Z)OK+ALY M\[3'M"5%4X[_`,#X\1U$5%$[A[R\$,%V'@^Z"W6%:&&,^.\&Y_D1_H(#^B)T MA@&1\&U^Q/\`(G<>T*$YHBB`TG=L:.K1!I2A<:SS`H-+.Q.Q'!9ZHU6>KX?Q M3[/[>"XG#X:?%.SXOQ3Z\^WBX\-(?#P^+;P^H^\GR3H>'T7YFST^_A]] M]_'[)\'RSHS+Y#<+K`_=AH[C[_"?$>`"@O?]RO`F>DG?^B9$57P:_,BYEQUZ M>%K\NGP5X6$06QY,-.YL\]JG$Y7AW44;Z#'8>T$97V?W.U]G]SM?9_E><)75GFZ/#Z"!P4 M[GT?J&!T1V&R=H^O[@&4[)WOH_4[WT?J%E*J&P-_@82DS^R*R%G%7MUN.L.E MUP_U\5_!4/BXE]"E=)_@,[CVG<>TJ\MG$I\&ZF`$A2PYY\I_H$[#W)V'N3L/ M<\`*KJFXPLQYUOO%F@O5&*]IMAKI_4[;V_J7E#Y>4^1_2=I\O*+T`\I;UO,# MRC=%NU4=9V$';XH#D,Z")\6$'=^#%*\-?X;ED9O/O#$U2,XN4^LB^,!X')2Z MZSLO>=A[SLO>/8)?@2J@W.^>\[Y[Q#8SB(*PNM<`5E7@@UT-MQMIY])1R40O M1MA[S_P)6N+\!*8>'T1]H:N7XL8*!KGSFPC#R,'\+T[3 M7S>&TY\-?X'?X-YS/KON)Z'\!\%$-?'\NZYPS;YM33Y/O'?\/,X\+^&K@E3M M)V4[#ZSL_K.2DOZ$[2O!OO2=Y^D43;;TG=?2=U*#HG`TIWR'YE+2!"J,\0C; M`"VK>[*R6[_@O9;"$Y<6^&T8W8N/T@>4=:YEY>7^+P;@N!][_$'`7:Y=G:6C MT]"9=?K^H#A>UK5?E4!*#TZIYWPH+OE2!L-GWEG4 MBNAG,<;^,.#HQ`#AIEDVG`ZOM`B6.IP\OX&8IAL7,7HLKU93=!4KX'I\?R_I\E_P!05?M_44,5O7^O`]"D[NO*=!^W]P;Y&^GC`;=?3^Y47]G]_P`` M$EJ_R(0QF8OJ\F(@`KJ^+XBB$4E*-\[ZJ)Z/7*YKJZIOR?=/RE+`H'-Y1I'- M\3VON@KDCFW,X21,U?YJ=C\O*6Z?EY3L?EY3L?EY3L?EY0Z'Y>41U#S_`*F- M2SSB['W_`*G:_+REW8*[W^/`&&<_(_<&DQ4JME=7K**7;VOZM]IV)1[/\2M< M\D\DM0J9C8=P=M)NZ+7K#TO-3("K#SS*L'+^?&I4Q_$3<[SUES$OR@#0GB=9 MMIEV+_@03$=\K<[FE^D^[X*6>I?K]I?K]H5WY\:'U`=<+\3IO0?M+Q'P]'U) M?EX\%H#?A%9>ZS\W!^=O*_.=^;_3]I]PA3:F5KB-U7.;^=3!`>=?B#)>5[O`YVC\ND*&E`TUG1.F M30P[,WL*_'\UL0.>'D!_._RF.8Z2.QCTGF]K]RSPT:R?2(^'KCZS1'T01@Z?1UL9A$6A=. M/K`<`Z#3Z7#4U+IP'3?6.25+RD6IJ\_Z@V,N?$2VN_K_`%.]]S]2XNGT@BXM M^-"KP_4B-T`:JU[-Q=P7_!L\F8&=YA1MK%^-M0*9,^V>L M$%'^_?M-X"8%Y2].E>D&CTE,O!YW$6@77[ANO#[2GP!F#<7R7]98NNGC]+^2 M5^5VS9YO_!L\IN5TE!N/S(41^>WC7@N\6J]X^L7VR:7&I3X4^-FAB)OQ[Q$R MF)3X600'"?5"9,K+,U8&OKJ>?[PKK#DXJ_W`UQGT_F<2X.9<*\+FCS^!@R*R M"<)L;XE+=\_WQ"RI@FMT$S$U^N_+_6:E/;F]XYE=K-KZ]IG^NLV%9XG8B"I[ M++&-"\AEP/$6BL,HUG>;U!+ZNK5B#G%"@7UO&_6YVWM"[J7N?I'#-)6.&^/* M#;F.?TR@:7.>>93+8Y<\\.(PHU&O5@G9K:$^*J^5C])',4R;L.,NLZZLKRX_ MX!IMU*M/M"C$N1:[AL?4B:>`CL6X.W;7B./![@3@/M8Q/NABDSA3/;MY@!E0 MVT`!;*A5JK?+*+J:@&S=':E3.KBP>H9O>+CE6-.E].?*"%K1M?N1!PNQ?8F= M!.:>L)*>9"UB!S[A:KPY*(LTW.@_,LOVQO-[Y+F2I5!,(%+2WEXO<%HAH"M> MA0;XER93SFQY/.95+!/R#[0BZN%+[PSX&BR#%A'`!4L@9C=EP:4IM!T8UJBJ ME'285W6M52N1PY.DJ!=)!NJ#@Y#WE.A#H$`Z$HZ$PJN\U%NYB\O`E<<$[!*= MHYH]4/`/.:_O6/]:-?F_I#Q,=\GIJ9@L=&6@^PAZ(0#CK=^D.14HP8>7[06@O,_:`_K_ M`&EK*RU+56KS5N)5)9C=K#+C56>L8M-7W7FJ]-P`,;M>7_!O\F'682JV6@J5 M9IL&>D/,T>SM]Z7Y?!>"L/+!OO?$IG2)5_4A1>FA>&*O.Z8*YX`4MSAPRL9)UVGO$IP]TE.<7G^\-[Y`_J;N'%CT4. MN\.2N37"78Y]B!13G+[>"TPTY1Q^D.97H8])K MJ9&Y*_4RRGDU&J.6C_@W^3X!PQIR&AT%X3)UA.$54`72XT6VZVW\!J-#$MZL MHTX\\^\1MCW5EO5B*%:N$"!>/!-L3XF_`8UAAJ(LK\X0KQ(()18---EZ:4LX M:@+A@`%F`8&7!1ECP^T?J:?&?2^K4_V&*;;T)?Y#H!]O"^D9+7):KZZYB7V1 M4O-%&)V3VB&;:.'Z@),]`'#+#!J(P.P5O..G>?ZK^I=EWG_4I9RF8-)8JR^N MHDN*M/)JOAJ.#;>G^PKN767\3`UD8@5T4?2/5M8SC[14*%`P.$>CQ+2SVYBG MUT_L0DF/#D>>9_GS_/CY6'RYB6I/ES/\)^X?UC]P1I/S'[G^)&J#=05]Y_B/ MW/\`$?N(X^F_<4CA>$']4_<.'A5*V,_H,!:CV,-FKGHV'P5@.O&Y<"SU*T'( M^=RO>(N!:C<2Z1*:8;\68[2-^F&K*"HXS*]Y]'AP#>@MU;=8K,$)8":2!V.' M5^<\Y.X_AA:3<>1;X9<-US`>PY9Z8)4*K(#YW"]EC-GE'>SVC_"@&_M018WB MONW'=N`@'8?%]`SOQ\>WS?:?*\I];^Y8`Z+Y9E==^=3GV#@?A!MZSE^E/\S^ MX)SNT`WT>Y/\Z?X<,:<2U.A[']3N&;KF?YW#^NEGZB*&-%77+]IH' M/A2/@^''B[\!FZ&_AU]8Z?"^"P?84R71])^X[^*QL?FJ/I_S\&SR@1>[+G#] M!+./TF$J<41L)W)CXK0P'D1`JVWQ?2/\&Y^6(YJ$PG&2.0!VO+O<:MTJUS6! M:I\I_DP``!.Q*=(%8A$5*UXH%%C/\*#T0.WB(TSO,[DSF6)Z."8;4@H<9/PD M=^#XG@[@TXG7&.(,=;-^(IJ6\"F"$=);3Z@^4<**]&^TU'ZP84]48M:G3-]8[[+?$T:`C]7^,4W2WUQ M8_:7Q8UDKDGTC\SY%T_\5\H)DT4`Y]2=2-2S!OTT_"M^++>!OPYAN5X\:@2C M)<9W\&)52YJW47,O97@2Y7'-`76WP,CH:C.N$IC4Y%<'P#+RGG6!?M/11]2; M/+P-WF^+;/N?'\GW@Y\_Y)],_,^1=/\`Q>5?:)^XJ*KY9\G^&X[AOP=PW%OP M=>!KX5N=IA,@\62??\74)XQ!AC;ORKX-GE#+*HU!]OU%]>@W7ZAB&+;]HTRM MQDJVWQGW/C?R^L!NJ_9!&P,/DP:*"#H`_P"(C-F?OF\AH[QNQ==Y$K&`%!H_ MBHE>%$H^"CXU'I8FP.WPPU#5/3)%`09^"PKD'G*6K)]S]GP:>L[JD\OT\%FQC#76.5#4$*E,/*-#1AUENOUEP7-= M_!743=\RDKVN58VP43(&2D8O=9^I&$]/YG>UOH_XO+0)7@Q_U"QX_-E^.Q-?2.*&T MZO5[P+)?N_N7U,WAS/G5/G!/F5/G!.]]")AV!*E;OG[X'9Q6X,F_3(:EP;8I M6M]L^L>8%9YY/^+CB*`5J"-=$3M+*'2'*<=2_P!?Q6P?XR3,0/!*::-;HY[, M!GPU]6EUHSTKPN(4[:5:7IBH+/@#VN;*"K#88&@U!MH`T:MVC_B)?ES3[04+ M-S9Y06F^,R[IJ4,IM]XH%NIWH`O2!4&TA9+)D]&"TL*>S>OX?HB$SV"]FKAL M]HO;,RB)EUW\YACT2GD'_$&*EH]B%V9^3Q?B$([A_#O'A!#,=>%A@`,=%@#- M<>I$KOEXOP$)1V'WX;/.?0/YGR_8_A^@\/I7\SY'F3Y-WGS'I_P"(D/\`2?Q,QV_' M'?Q&OCT2TU+)X_1I:?#+X&'3#D8$OND?=3['@74M=^)D9-3[[[,VFOK`"G4\ MZ`:-31YST5?N?+]CXJ#"=T]H.(LUS4[/TF`A9<[&X(C4?N3M'?F%J0/H_P"+ M$NM;#+)R9;.8;66Y-[2KIGQ#Q"._@)1X$3X1K/A)3/B3E9%+&BTV4N(..DJV MV->ZH]*Z'65840QXF;UC>SE?26@O69;2M^1/)])VOI*E- MGE+;L@(P/ZF[>&`$;8M%NIW2""S4,-NIM7$0N?.CQ/#%O+2O9?@'2H@&>*5? MG.\1-\;,=K(71M._,G3@:]84!2?:?\1\V$.JXAW98B44,);Y`-NI!;9(B-._ M!#8C2`IT\*^B_7$ZM7/$IE,/A&R#4#J!.R@"U9%!H",Z%NT9I=]/3K!R6F@E MGSH.Y4MFK:L;U&05-4X'RJ?4/L?`;]?#\GX\#1Y>`SZK[H^G?N3Z M!^9\_P"A_P`30Q6'/L84E/7XP10U16HI)6PYJK^Y/EC^H^JL#73G?,08%*KZ M^#`V0?:I0]#?QD7V=$,N;!])W_M#%:.D)-@FH%\IE`%CVX_,L0"*M9#EWP0X M:?)_4!X5`Y"E<<9@L@`0XH)EY3^9]U]SP9<7`^Y"`O/V$NGB]A7XGT7Y\.@8 MQ.\0;9X93X'*B!*K'67+RIC!B)*13WGR'^H;0*OK%RD>\:-+'K&JUF;;S[&* M\+ARVP\3/^W]2H;5*U2&_2?[!^H]'.*^663*E^>($/M_Y$@@VECJZ<](ZSCT MREQWLBM@Z(UIRI/I+;J`O=&"_P#BLWHQ0;RT3"I0'1E2W5)@@6U@*O&4)/HNE3VI]XJ,ZZ!MV>5B\&>" M(MX`LSOA\>&I2/=H4AP*`7TCAG]M9O)8(M.R>Q5Z6/E4+'OJM92J!TAF_4*: MW!5\[G&O!T??'6Z0MKG1H\*9V3T8$??+U,\-70T-5U7V,(+<*[,M59(]%B[5 M3D/T,-KF4">3KJ*4RT*NC&$8[SGC*Z)85C\A];G?]Q^I\Y_J`5^;+MJOS-CY MC.&PP^XBNX7EKKF.J`2B=XB]Y\-GE!+4/+CZQAB.K:ORF?&V>=/,^L[U]89F M4"I3+9\WGPKI+D!DW,WY/#NI<\N-GQ`OGRZRU]FU50HREW5X,;@6+YU^X]X* M*Q;1TB#K%V^"LGM!R(*32QHZA)Q18FD>?^*\5491="Q>@7EB)"`I;R2QNKQ> MKG;9Q:W??52^G[_W,"_.[0<6#@&I]F'UCV%JQ:@I@X-=(*M#E=J=,!BY\^_N M9?*%90UW&]L=.1$,K6%5EXB!F+%C%&:8Y;5NRL7ATGE`/#:W>GT\OAO;'=4> MJH.W\&F+,?X&?YC&DJ"L=;U&[(X5RY?*!*#!C4!35M=IVWV@(7=13K`MGB:> MI]Y]2?B&GD^WQ:OEM^`WX?D\'/EX?F=WPU>3[(+$Z?F.RN'V9V-3V/\`B7S' M$W'I^S^.@_-<^S#'$M7BS9Y1L2&_H+^)24?"7>^&-`V.(@)OO+]'UAN@^G]QIV^B=J.U] M$!BB5;KUF[]]F\7[7UYBI787X#4V[0$%BH>\&M7JS+ZACP$OF45Q-YR,=%MS MF[!G%?QH9L$\QN(8K*=?']0>+(1`/4 MSQ[PT6ZEVLO*J\@B4+M"$%+;G;0VD:RZ]X%3ZXO\P2J^3$5PGL_J%#)71_4 M8AE9P_J==^S^H$;%^>D%ULGG^IV'M^D-SEY/ZB0T4J<'747>TA4F7Z(WCJ,> MD&E+&+PN+U!+8.S?V8_.GT+BTXOI!09W.-.>)3\7>&A:C"$6FA$UV&8?!=E[ M_CH`.W!W70=V8DQG<3KZI^HSD1G)/6F^DZU/SZ3_/_`$@WQ57C MEZ3Y7](L$/!LQ6]XC]KKZC1^)8X+_:"G#$ME]9?\3KQ-D/P3J\XX^S%&KAQ_ M'WVD^T!0T2_RP5]LV^GW^+ZSP^5ZSZ9]_P"#7\F(FOLP*BTOS)Q;ESQQ]8JB MH=V-E],.]F&7@S_,CRSB'UV[1,2L5WB[04N@$]&S[2X9KJ`8R\O@87J^ MTLPH[3O_`&_N<4ZK#=53U?U/G+^H7@"G&9J7#[^%_#7J]HGGK&NP_?TCMJ\J MV*T+>Y;`2ZJ,YH18A98)1NU6?5'+>M3[,5;=;*S"F`IG#7>.[0#M@U3P#,:A M?>S[K[/@X?@L\/M0,DLEDLG:ECT2V<@'WD)3M\^1++F_S9N^6S^-8ST/'Z%] MXQP?@\()22+>*9]'X;)9+(9U*93T9:<>3CCO&L5FBP\Z&+(HN]6^3#NXK0"7 M9A\^[B?X##7>P]8(HK['S_$[#+MZ[JWS,6_M^I\ROU,BG;TXX\Y8`;#H_J?X MC.W[&9]O9G>>S*.'VATGVF?.447//CI63O[0?$>._R?$W\`777YI>&_N7QW_+9_ M'O\`(^#?Y3[7@L>!56-^YVAX+`=]?*?*,8QL.O,=3ZL4Y1Z_J!1*%=JU6NF9 M_M^#@ZS<^SVZUX*H[D.UU+7*="L=R&/SX`@;+'K7!`-K5X-BDUZ3](,S?\\S M,\_"H?JGU!*3EY^+!&0?Q'5>2HE=(7-F[])=?>&B=CX"&Y]U]GP3,KPX&QT_ MN.?$WK^_"]53*QQXF_&I850VWIPKTZP2.DOLFO"SSBK:4V53=^9*<$'-_B?*/U*=;Y=IV_= M_4%,!76.06@5.;YN&7AZOU/]S"E@:V\Y?5[GZA2Z:-16MP3T3@'/<9\N_F#J ML,'GPA*801Z-.,;)3CB.U??K"DI5DWLMGGXZQ>90<#>Y3X>LR._B"MQ#:S]? MZFGQZQ`[]<5]XE-!AKQM.!Z_U/GO^H&_W_J?=?9\77@>/VH,O+Q-_``5T_O- M?:7\>.[Y;/XWX'7B&.?X'[LU]/`A;C,[?W@"'1B?93$S]$7DZ_>+.Z?83$^` M^Q#G_!J7X:/P.*AKQ^H??P-S[K[/BZ^(Y^3XFXRE>C\QHX,*B&!QWSZS->7U M,OCN^6S^-GTDMZLR]3-GE/<\!''QM*JYD+W"PQ#@F0C#@+^LM\'.YV"'TPL8 M\%?91/SFB)OET?8C:7\>)CB5X:/GX_22VUKOX/J'W\#<$'D)WD.N5%\5HN5Z M1FD8A%LGB;\,JR[BV#4-M5ZR%`];YY'V\$[FCM%;3Y6?"S1\V,^D/L1_!]O&GO*\,S/3PW MX7%A,SYCSG/S?O*^#3\M,-^*:^>>8@F[9YT3%QY"\OWE%0# M7&YB$Y\$W.YB#P*V,/1'TADOX_+SC]X#]P(#A? M5^Y\E_N?)?[C7A>!>WCZSY7^1&AMZ?J-:`7Y'ZGD?/I*`K)Q?XBTS1Y'ZCU' MNP:8)F]C7T?6,+6WUB@;9.K.X]V=Q[L[CW8X"J0W%$[8];ZIB0#[5?GX=7E^ M?%M.(<@W.Q"IX7C/FBQ8]FZE5I8AR;WQ[?#]$^._B0#:CZ0!)`VZA])L<1`\ M!;XQ]>/B)=,"O7JRT8B_@B],S<(S6>?24"]REWXV1U0E,M>I3>V^\W7J%.O% M#$SCM7+6/Q%*(:MQ/]9_4!G;/6#5B,^4)\X2W`!XXS.J(*1,0%&D["6-QC_I M+@XO@?S*XCXY7YO%1Z+D%;^E](8*^$W/G>49^.;/+X='E^?'1G/P%#I'VC(; M_'\/T3^6IZF/7U_DL+Q27U#\_&O>?NROK/V)QWCP.C[2^/'4])]I]`?>?6/S M/N/W?X3P=_!]$?F/Z7[L=_";BUVX^1>*M;T M8*$$]4CD[#P+:PY>V(-I2@7SLDI_0?N*-"\,5]MRXIZ$.OG,X41JS65%'V@7DM'8,>7;X?HG\)\"0IA(\64 MN<[SS*H+FIM>Q?,+8>B+P<*-0'&?(F4U2!8H`/?,(&V\>D0K4[O1SN,D.2W+ M=5?U\!<0G"V>US/..#1Z3SH&PSS9JP<;?`=EAF8=S_38?V[*T5X$.&ZV;UWA M8-G;>_/,O0BYL7EW3F6'CRZO>Y;+9;X6RV7-/%\>2"L<-!5G-1;ERTX,Z''Q M&Y\S?F?,WYF$+V_="S55N?0NF"5*#CRY;3GU'B M%N?KOZ5GRY\!>66KS?GA/D/\3Y[_`%!QL-/D[3&WVO\`4>`/L[.;_$6W%OD, M-/7T^'Z)\'"">9[0PU/B?`K!MEB^9]YA;27O^H(1RSU_J`5FPO5(9DNBF`5Y MF@T%GAK6.\Z5VWGGB?<(&+N_I/,CKF6"V*Y%A=6C/5GRG^IQ8]_ZC]5_;Q2X MA\OW_J#EX]_ZCL1;IN/RG[F\B!FZ#G%;M:S$+I7658$V9^\MZ,I]**F$0O8^ M8?J75&KPW!0+%ZSY;!'[Y?"_SG^)-H>K$[ONE36M;?7#%>T8.2Z8RN\XW\1O MXON/XSI[`?B=#!^'Q/#Z)\&_S/OX???=^/7YS?[/Q/H_P*^J?8\'+ MZS?QU\-'P4P880ZY?L,_Q"=[)&JXX1-Q?`;4C?2+=B?>*@KK`#>!P\^(>KOT M_<,SH7K*RZ\/IORFWS_,=_";)7PBVB&@JK/BXF0,X6`91J,1H,2->DQZ6NWE MQ'P5@LK\S%I-KS@ZQK*O+^3CKB?[I^I_N'ZB-&NLT]O3,^5(-F/8T??C.X4U M71U^DVI4K^I3VB'2L2Y[,ZVYEIDW-G:?B.SMKQQ,.4OA#*(:3!V,X?8G8@!K MPKX=%U`HAT&O#L0`UX!((7W+B^&CQD25Q!T'+]8(VL#AHI[D4]642Z(A)2JG M>F.<5:2C)9Y3_(G:14IJ\I_D3::NT_S_`.Y_NOW!`+86S]9W&^4?O-Y^$V?' M]$^_@+3X)U-B:_6;);U!K5!Q1W2BK3?#KI*\`2^D.`UP6#WUQ!*C(X0M&&F4 M/C.:?10=^&EXIE:RT_:*UX,+4]PN?=OM"H1X=BNLN/H><,"OG^L&::8^>`QQ M>8$+2)SR>4-;2CS8)XT-9Y(_60*U,]'V9;T]C`YP;SC`=4,CK''777?A,X=' MPK`.OA&'2D`Z=/A!13!94O!6:;Q^9F/;4OXSQ/&SZ8S6\WGX39Y_']$^_AHQ MT^+IFWFFCUBR^>(5Q%X](JBQ#RL?IXD#JE.5?+UE9%2\AQ]/C=>#=AN!3$)2 M='\2P.I"BZU^V93<[N8;MWQT#O/DU^I\JOU.$8^=BQL5JV;D^[_'@[FS_']O M]B?>\#^3[9^9GZV&CX39\`;`9\ZY\ZX0)E9UG:F>L"=[X#V8TN`JO6^D5^Q` M!<7VZQY,Z0?4*"%_2@`M4W@W[0A3]C]1['+]QT]1\#-O"P7*UY\*HJ)3D)D6K:EH M-L-,-6_?^'[?[$Z77^:^O5S(9LU\)L\YL0L^Z\$:=ODQ!73466,?6+EFT=F/K#&2P^N.M<3MOGU@/$SGWE0K M+1S\%SM;Z:]87U`#Y\^%DN7IT)\N(""5*,L^D>K7K/43]X@FPG?/:=\]B+TPG2>9[R^&%\XH4N/ M+P!1[C1OZ$U_/$9C=!^8XJ'8N+:C"'9`&5$O1[$[;[L`"C1%(W8>=DYZ`KCK M&/8DT\`*E$I*B M$S#"V\$OVJ*CML\<]2&-A6[5Z=?.)#!3G,WB\#_)5M7QGK5^>I6-:\8X[2@6 MB]@B@N<\[J6T(,5V=I<:T#V!*!$366\;YA2PW-\LT$VW]OW*C`IIW2XU>X`= M1@F_&,THS!JF=I"+S)V)2;)4:=DK\?KT\H,`M=7>(3:8\IY>9#BBKCQ;75U^ MI.--SWA9(A4T\#7\)WR@JSZB:HB@"S?AP##M'LW? MX0JT/I`D&EQTX/P>/;8OZD3RC\SN>WTCKP-?Q:[?/X3`\P!.\*:K#H]?\\`+ M@*\#)+WS9:$PG>)O8S\])A5C7OX.B;AHT#[S9<5^)WM"?(\_`C_&SCQVKR_' MB;)2NGDPD_VV>I57:8OZ_N`&P*]/ MK"C&'%/S.U[(LWBWM`.9;C&9_H_U+9!&VY:E>?'?'AJ;4)*UO!3C)F6&F.L= M(P7T#>7(/YGR/,E?""FE)YWO/.]X!)>!Y^%\*(("U/-@`A:M=4-](]0!E,-?PT5&MO9_>7$13BWP?"B=M$$FVW' MA?Z+7$>&NE9JOW/\[^I=G&8Y%+[2GI,%X$'JV9_'Y\/9J`U^9Y5%<^!:3I#" M#>:QJ7M*)=<0E%'<]"-6GQ>=_"384A$55.(W3_868KQ2IH4-VND_Q)7M>T[B M4Q%E/2=\EV(.I[0M1VAN581N#Z&%FG?_`!(Y^T/!TSE/E'1/E_/^/ZO]XP9W M?;X=SR_@^Q/D>Y\6+]7T(UTZSL0'VCI\\>!'7AL\WXC=)3W8HM9AIY$*KL<^ M5YG0?M_<0*04^NN>WA>7.OX#:ZW`)-KYGS+E'%";TM](5V4E^C72Y6W]9_7_ M``@DH\OU$XZL=8>#U#EJ(K?/%!#W\M>RMH=D)BK8SI=_5UC@Y:K"_P"OI*@& MZ$MW-J\X,OW)^@7SQX#$^3(/B[DZ/.?]2>W;-N]K+@V3X?5G.AJ_5BV'Y)97/-Q!(?3#>'@!0SH1I](PFL6%-,6K6]=Y?3[H-E.Q MC%YM3;YN+T_4_4:SC!:.;7%>L3N[\%BI>:N#@8HR'7REAMV=>.DN^K_/>7T? M/U@VU\_67T2\#Q_9@\R+Z(3NB=+^`E/9VL:<0EDTV)F^KXC\3;WFCU^\T>?B MZ\#[9\SZ([_C(4%V>4)%A;X\F-S_V@`(`0,#`3\0_P#C_KGV_P#D/KGV_P#' M$T,_R&?Y#%&Q_P#&^N?;_P`%-"*TP'57`=UEXHK%><5@]H#2'`KGI#OGVBA+ MHP<+Z0L1)&.CR85^MQM2'@,\K9[Q-;S='['^DL$>2CUYAPM:#5?['^D8$TX% M?.V^\2`IL]<%]8F*?<$GIZOG$W;"H'?$=\^THU[5EO%"/99:G$L>$ZCI.Y_X M'US[?]R4A)"`-HH!RJ!S!D/48'FGO"(>O49OL$Y&@&`!YO M5[MO_.U;>!==QV/<1[QX8Z7=V2NK\HLRU/)RI6Y6K7J4_P"KZY]O^MA'U!D_ M.BEWE7`!.U15,*#FJ>0G\>W!YM1+9>C]P;`SY/W-L'R?XR3:I"A<7#-'+R@H M.Q0YR%/*WL_]0/KGV_Z@MJ(=+8+1#`AZR:\5!LL$@-"N!P-Z;HS\0;4N5O8O MZ('66C/._K@$UHC#!Y?8&_:$!+H)U`K.]I`#@8V\KT'.N&R]`KWE=ANBOS^P MJ6F2ZJO+[RX.]`--Z)?N0YX.#/-8PX,;/]!!WO3SF2&*B!R>D,^T3DK2HOL. M^8X+:O0'U*'J?$C\=D"6ECNQ7#K%,0J&%(Q#%@-V)@'_`*?KGV_ZM2C;P'6= M"6PR;H3-&IO/P M`,9W,H"^9`>O@I+=B"]6@%\9S,F4+>:"!=.K(;E;V3]5(!28.)"<4A,,QB)D MOD*B(T[@83I/CP_0Y]O`ZZVQ!I5T;:LNM7%*;0Q=6Y7`96BCFHH&%&X=E0:AL2HM_Z?KGV_P"L M6$#:>(O"U`%%!4:EF,SVB<,#9UN.IWEY50U`+UL=FCC^KG+3";HH:<'D:2(W M51&FGG%`ZT!HKE,ZE[M3\"SUF#'3SBLRE12A[&U/Q"4=*@CUBR'B$JB9>^EA M0\-BKHE5>-TG80TD#M$?3!PC"_H5T^-Z,&E2+^S6`ZHEB!Y7`.JSRX0%V6`0 MJC2T6@=$(C1:"A8\J"LRT4"\M0?`1($R(Y"/18]@8U-W;EO5[H`'`REHFD$XF0$W3;:2_TX:)!8!_T_7/M_P!H\O\` M;K/2N`"K`45(WT$?8/A.ELW02`+0RPU1&93?:I3RB@6A>!8%-U13I7<=N2EFQ&7<5*7! MFRJLIJ&?]?US[?\`AW)0$L.!Y9@`FZ"\<9U`+H1L0L!65SK4E2*`46>)>[@3 MNN.`%#`*01.N)@HELZY$K)A400Q+C,(KKZRU:6@HS`NFL"6[H@D::-N^")VJ MQ1>/!]"X[ZPPSO"(%V3%Y-/#,I%,W,0-W"M;!6&MA#K/@,HV0.`63_X5]<^W M_A,H;!U7"$:4U,8'^`@;K6+BR$RRW$J1058P6RJ9,015E0M(UO6;34II*E%A3[$((B)8B81,B83)_X'US[?\`@`K1N*JB$!%`J(5P&6W64*/@ MX*X94B0"1*T*L2I:.L$52Q`8&H8AI-<,\T6PW6`85D``*"%>8`-8<(ZM2]K0 M(K)U;=8)GO>:3%`$6=O<17%M!GUB"TV*C!4!,R9V M%9C`"52Z)(TS`B$()"S`2E#3D16EW-!*AUH:YA1%T62G M789)JND0H%H6HM'(JMX]/)$HI;TZ;@[.D#+*ZVI>\K0Q2)Z`@;NA(L)@%>EQ M(JL!)0]>*L+0X9%P!LXR')3F*$=84^A,:!) MJJS.$A55TJNKL!Q9Y(3P?:G4M@@E_P"GZY]O^L\A4%>*JSE6J@,(MGRE($!J M6K09!0O)!HA0NZISA1`+9PK6QF44MNE@Z%]E"G.0H!!0*,< M[N]3#9*S:@(GD*T.4L8*`NJ8O3)38Q!.",`_5 M!0VTNW)EF7XR>6A0$`=D%YS)W9@KQ255(V;"#`1A@VPH!D&Z9U9U$D,:7=ME M4U/RB22<8;*-F@4N$.W6CRH%2%I^XS!S\:`%FXI8U&4MK&H-"-<+#O28"7+J MMH$`(VQ%`:46`DH-%!I8F*8M375`5*+::\9%M9<]M!I=_P"H^N?;_O-.]$GT M('@PAC_T?KGV_P#D/KGV_P#D/KGV_P#`I"W4I"^/!$W*O4IE/1E,MJFY3*:O MB;U$3G>T1444H;8HYIPU3B%LI*"!,Z$ M#H`(1/3\OVWB$X%8*)%!SKTR$Q*C]QHBP8L@$>8BZDBJI2`D^,PG;6R ME(<0:(ASR4%O(2.W.UM&AUU6*T&E5L9),4XBT;A(%E-5(JW$[Q%0;+2W>!L) MM672I[PB@D,U:/,L3($1GCV"Z!N:Q%F]*%5\&Y2:`DCAS%J`NC75)_[OKGV_ M[S?4]%2XA!%-(!R(@QC:-&J#C,*#N`FY)15O"YR$" MQO\`"+"=VZPI^(G#$@&``&!D).E+*[V'..$1UP%!7J./0-A3LM;>:9X3('S& M`JQ4^RL.M[GL/+(+F6E$,15M9@$P@4H,LHK%N"ZV+%4J`5FRXBL:.B2Y(-+! M1$8DEW:P=MKYM0/U%CE;B:(JQ>TZ*"@'*H)TV$G2#&"H0N*@$4I;Q^)\4-W9 MR^M`)H\^F@"DP=F!$5MO_N^N?;_Y#ZY]O_&B1(D2)$B1(D2)$B1(D2)$B1(D M2)$B1(D2)$B1(D2)$B?^+$B1(D2)$B1(D2)$B1(D2)$B1(D2)$B1(D2)$B1( MD2)$^&)$B1(G?0]J.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO M.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[ M[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOO MO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\ M[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SOOO.^^\[[[SO MOO.^^\[[[^,.'CJC;:7\SAPX<.'#APX<.&#!H81)8U5;)3R@J:6M7L(Y=EFI MUEAY<[7Y> M<[7W?N=K[OW.U]W[CJC'RYEO\_W$W.>G]Q\`V0W=^B?ZF/\`4P*U]?`:VUWQ MBQ4]<_ZN/]?%M0UW1_MH1:^OC_7Q_KX_U\7_`!G7#=7>N4@`B95L]"7:A"O@3:?PEDVVVG"_S\_P"?FF@.(MEX*?.T,&BU]!J5@*I$16T[ MC`"A$;%+$[C`*R?X4*J=^=Z**42^S'HAM@OS;FL!<=N0O=3O(0%:\44;2>?`*'9OTA"K5/OXJA9N;S=PEM;W,V_#9TG>?";E4)U9D/$H MZ3(8\''X*F5KP.(A0`-Z8 M4]J964:%<67_`'!5UPSUH^S*ZY?AORGTO3NG\.IXMM,7U*AYEHW2-$ MV5+!F/6IJQ&BK]X>-K\#$7(3S)W6`*:8G.3LGO.R>\(+1X`6:AB\F9W/I"*: M3Z;]_%T^`M(07K>5U0O6;U\3"CKX"D!D.9Q%QSX5`^(5!?`)6=)9DZ)8;A]D MW0WX"'7P``1CUG,9.AZU9^6.]?--\&_4Q-ODQIIQX`Q?^3CX_9F7DOQD='E_ M%_T7[^+D\-7PVS3U?C^#Z(_$U?+GP-?Q&[RE/F<)L^):ED&XZ\-[BY?M_L3; MY,V(4^G>G?G?G=A=OP0JIWIWXJ[EG@X-*#U*P>_2H3]?(T]T'E?ZGS+ MCT'U@$G!ZSMP!KP:MTRIS5K7X_@`"@5TEY;+/!)PSNSO1J%W$B3<[L56W<,L M[4(.)M\F?1/LFFVV?:4#A?K^XR"NDOU)WO@U>53L?/O'\>8M*LWQTS$4G"DZ M?5F_RE/@EJ4.&";3<8?U.S.S.S.S.S"[7@BE3L^`M)VYV8M9A7%P4OLZZM0C M^+O3\I<24G2^],R52XDUGV?U/F+]3YB_4`*:?3Z.8`MUVS]#,\[Y.T&;R\G] M3L/K-C'UB<9ZGX@MBR94U\]H%7)TZ]:A#4L;':]%GSAC\AC$7QW_`%,.X(Z_ MCU)^+PV0%:-SLPI1W-W@(60)NO#>;[U3,+!3KT3#*UT_27%-U\S[3K*O+](T M+6C>.'IB<'S/2%9Z.R_$;3`U-FF2"ZDH4:O\\]97V*C"S5\#$OG/:6O$1TLW MG=G25.9T>I0_6;_)E5U]^W@J4X.(]#IZ>&?CSX<_'@XBX#2N,ZE9:_04$(@@ M0;&PCP67^BGWP@HN1.G3NCSI0JX2S"E=*X\6#"Z).:%>F97,"]BM>D3%)V=?.7@^B_<0#*%%'Z7+CQ"P?P1Z=\WZF$&]4F,YAUN8^5OBZ\- M7^/7VGXO#9\!N\3CPWG:MOTG(\/LEMT%0V>?@'QOBY\JIIP";#+4P54*E=)W MC'Z3$Q.ES-[B_:F_R87-IW>GPT`S<,@P53N_2`G7\#KPY^+J<)PO[Q*!'5SR MJOWBPK1:OGSW!D+L`8.:O5@D&32!V0`.``#1/E#\SY0_,(5U18+ZKE]8T+== M3'/&'O+]P[#^3K!67`K)1Z;XCB1%'M!UBO M``HO@QSN5(`XN#GQ=>&K_&]?0^L.$V/SX798$V;\%;F\.IV8`*(JMX2KN,H< MJEU=,E\62HE4HM71SN8IP`[48CPL9]N)@_=^HCPAM+O/2/7^[^I=7`4*DAU7 MOHX_,5OVQ+,RJL3Z_>#4!Z(2K/J-L-:,AR^K4SNUX/W'[K\0#0$9U M94A31C#(ZN8=)VHA=^!7M&VE8\#4O:**+Y=U]()XU#K@ MB8``OXP51N8=,0>#67T_[>%EB`1KQ=3M0(-_QD2$R?6-(=C\^`^*!IGG> MB%3XX/NDUUQ*`B(;(IVK[FKA;`J'?KOI$ZIEG'5Y&_34);/=U7F_)2K]T?G& M$N-87C=\>T_W/TG^I^D$(J>%_4^2OZE_2T+K*GV@*`E%;V;X+A:,S<=GC]%/ MM0U\3L.!ESX#1\&LS[S[3?Y_'K\,_+R^A_;_`(^KTGXO$WX;?CMNA7OB/V8F MFU@/Z1W=6?7#7QZ^/R79GT45K7C;?)VF%;Z-2W.(]WI$ZU*/D1JWZG^H>:7W MR^_WF3I\:A:1NSO``>"34M6]]:SU*68"L-\&C1_ M<(TA5[_'I\#?W;]*J]XRC4>FOO@GD1,85,E:C*Z?I,/7_,JHIN+*L->L:HY# MSHUT,^.I()F`)L27E4]2_0RS0->LFL'EL:)E,ZR*X-FR.T]7X]/@ZD%BW5U7Y MQHDNC7-5ORR>`!`5S#PBN:SS-G/G4T(.6Q=NXHI`_#5RF?XT2W[$[[VG?>T& ML(>"#$B'0)R>G@KQ$-I.X3N$SP\6!F`"I0R_:K!>0>G%W<,DT=K)W1]82]!?4/Y^'GX._@WAN4_S_`%*? MX_J8XKYQ!UC,:H?5^X:^!+*ZSO/T_4IT%<5^HZ279-XS\XAK()T^6.W:H'U\ M75IF=H^O[EZ54K@N\Z7K,HA<2.BSCY8-3DG=G<^!\XUM^>D"!;/GI.\1W4TQ M:J+=WBPU4L@W^T?KPH\;_48=;/S.B0YH4LRBL\3<[_T3FK=?2_#-4=7$=5!* MA@W;&7$!>/EB=7/,%:#AY>9`4Q7]COX&HDHF[XQIN.]8>T"UN\.>L&V:7>MW MJ*7,QG[E?3X1&I?X$;*6.>'S@#J0W\`4#=0*P3SE!39YDY\'F0WAY)X*!<_P MW[E,]6TG4B'HARX/=Q+;#[=YT?DWZSN$_P`1B>_89W'LQ#+1Y,0NOGB/`+;\ M2@F#Z]9\RY\JY\ZX/H^J4\>U_4"#?R^*U@SG!@:PV[X.8[D`H<.,&Y;HQ]@: MOI+;3MQYP+AG$I-[^`W.P]R/NORS]IA_M";69"(:NGY\$)!.(A(A_2;IW@I4 M"HN+J%Z&-OC1SX"2SPV?&W6-PF2BD&ZQBYQZQ*]<*KICI!4$%EY]._C[+WG8 M>Y.P]R;*U?[L^Y!+^#6*PE_$ZAD^@9J\H:ALNH_:'2);H0L,>&.^<5]9W3Z0 M`4.(;HX\#M.B).+/X@`%!X\IH'R\TM^#3\-L>[2OZ'P+/YZ2Z/0][BLPU3MX M/P?@_/AK^>)]/XDW?.5)TO:%K[H^P?#3XWT+[PY.Z-OFV3YCM\;9Y^/'\LSC MYPW`(`YL;UI1NV[Q(00-9GS;,H&7%Q(MB%K`^52H%M$1!FRLSLD:KUN4S`PN.B`H\M'/$!@$=&CL?!I^&TB` M5WO],<_9%^=8>6?`6&`M?SY2_*E]Z6/WCUE;2K)`QFD.\A7&P@(% MF`F7IQ&1":%?OOX6K1=SLD M6VX;1:HG=91*N[GH(;A=_,'GX.;8OU8DJX[1WU*=&`0O`_:7Z>Q@=;`QIER= MF$1H]&)A8"O>)V63B/`F$KA?PKX;S]$01NK_`!,J.K[2PW+Z2F9F.4[A#.34 M<;U.X010`?FQ!L%N=^2.-S837\Q<`7RAR]9S..$?M"K3I^93TG89;HRW1E1` MV[?F=P\%I-6GU1!-]?-2+@8HBXOGCKWAZTO=G3SFMJ\S]Q:PLIFKYXF=0#E6 M#;;3'G.]E4)>;3<&4METXS&>1P[4T*\?6S(GF@N..%.S\WG&SNO)-\X2_2+Q M!@AMUVU.FZ[F.O7+U]-682@E"@"'2T9=.8$K9?SA7\CB,`0IEQ\(J4[_`(G8 M9;HPHKZ?`;G+*_43\^!D;J8.9YL5L)V)VH73<(V<#[R^?"ZS*W@^%[=/M`-ZG^RDL>7SYSY!_4!2WZ`\I8;! M]IFKY1VV%HF)>#TIEW6'\4F:E'$5&)`RL>Y#CMY7\:2=HTK MXKM<.9>9B_BW>-IURW!]H:KIP[YT5?F)7OVCZ[]1_-\R[_C-PQ0>STFS9[_J M79JL\1AJP8*W/F_Y*",^NT,#:"UUENCW_J(65]?ZCT?SZ0]6,^ZT+ MCDJN_"(AN'#3,V\QY8M_3AR"RO'JP!3SE5Q\TR(."L.7"^^,0"U;E7:.625; MA!7+UO'7IQ!4R56:S6(ZI/=?J*JU;^6H4(^C^$(;*N>QK5ET]-3_'15IR=?[@V6++F@L-62]5`[T+/4U5=M MV2JP9)8J>>&*VBMP:5,.?C!3K*=8%9W6:GS5@G!4*O?D>+OOK$6%]$%X36RJ M\UW#J51N\-N`^L]8Q6-?OEW+)K+10?5?U.X]W]0R7\)N!T%?X_,[,YQOQ/+K MW0.E^?2:+U^D9+A![SMSLQ8*YE!CW#GO!)CGO#K(:IKEZ^',U/'SN_J'YAMY M^4^L,`&O$QA3/S<^=_L^=_L38'XMV/\`6H6F=D[T#7.$(X!SX.@.R6%7`@!8 MWGE[1RPKALYX.8?IXNHHE+NS*-."YJJX=6SK>_`3!=8:->V`:M+`P"-M'RC& MEB>@^CI"NE%YF'ZD^UX;OK/O?P[?+P^L^Q$-X7V@X&\R6/SS$8]RNYS\._`W MEG]*_<[#[SMGM$>)D1S+)1N'Z<3YZ9UOS&C0JG%\WJ#"( MG%[[:GESR9PXEQG$V'?@4#),/8^&J.HGIC?TE=.)CR(:/0?PT;E^*?4/OXT3 MZ!^\<,@^Z9XH!^LKTCVEFQG<3NH]"Q]IL*FA:#=\J\_!][^.XM%O4_*-@.Y1 M&%:`"!>4,P1T('KR_3[<*IBRC)A+^DT@JFRZL;',[Q+M4?=""5J"JR^DR@]R`9;RJEEQ2K\X#?>2:S`BVM]Y3"5&350V?=!ZNH0;SR?W M$/Z/[@UM?1F=7.]>L9V!ZP&%8!OM!?D7,+^GTK^N=@C5;76X6V#BWD/S#,Y9AD6L+ MS>^91%$E6,'L@WZ1:,@I[-INL48X%UE>:[1%R>*#1';?*4RSQ4-R[UX[Y8S[TV^7A5Z9ETE5%S%E&F_65TBE4&%W:/XC]1EIW?N M3[#'8#5SN3N0V6Z_/@*#7$)$Y/$$(JF?6)HHW+C>IEY&5+B[,;("[IW^$$,W M8R+?5;CB+6'=@UZF,(LPT*'M4#!+_,$7)'1<:;JJ^\O5`Y'Z"!K`W1CIFA;C MVK,&W8E8-M8.]3+:5E&>\/K)6V@";>D(BI=3L' M956*W;<#5_5_>B%:-FKO7?,NR*U8'%-8;0`&1N'T+Y64I)I\P(BH4I!1%!C, M:T9K(=AQZZB>U"1;+ZF!-:',T5%?-,_R?>^"^+=OM,[*,O+YNWUBA`#5O$MG MW7B%<0#I'I@H'RJ#7(8"@XT+1HU%:^0H4M0J`K8`!P$6WO:4)K`&Z;WC<6Y] MU=/;"-*`EC0T6M:,6JO+,($RQ^&8-*=9[:^1%WBQTH#$OCZ50U@S[(?)LBCIM+1-!*7==0'HA1;?0_>79QD`>PB9 M-H0:"T)*S>5,J0,`4!URG?7A;=`.,V'#ZQ^PBM&!1;6%-&IPD2LV/K$*<$MZ ML%CE40+!]"-F&4`6IW&=QC&K:;@$JS/5@\-[AYT7OAW.)?I'K+CK$+0J^-0N M15US^H,;-*9;VD*')<+PWS($.JVJMZQ2%1G$,B&QD=]8/[J/[E#Z@R;4TXC1 MV:%40\O>$,YAEJ,5R;X'7%=YJE'7]84I-CG494IAZ/*DEVE]C[W$G`*_4;!WK_B$K='RU*(5 MOEJ(T/:*@R]S^I=6O:OR3YK](75=QW]*BRH@2B)!6P5V@`%#"?J95OR'[!,V M0%'"O6\Y9@51<.'EJ7$CF[1U#II@NTXN+KEQNM.0(`=6YF"*Y;?1B752W=\1YE+OLL40AHO'?-'M+_O'[E>/KRYRXX?*4 M:'S^#Y!V^+=Y>"]'^<(&N%]G@Y>GY\';-GR\+KM_G@V'1-6;_/\`GV^?@\SY MY\`'T3\_P:OG\1XJBR([^-::YV;?E$W7E>JWOBY;[X^R3UV:UW6C? M0G;/::M-ZG??>%&B`&@\#G<*^:[MP*B(M&"^7G.4]]?'1*#7P\2YLU<.MJ\KAK`])643#;K!KIZ09(U;1MR M6U+=/I,9`!MZ055B[YG0&&O.9\3Z/W%J?FOZEZ6>;^H@.(%N7':-`3#A4Y&3:B;HK'6"`%!Y5O[3LOSZRHJ\>!H\1-5355GS=X>P`?2G M[C4OD.?3CZQSC:>!H-4)A+Q-CMB)W1/D'Z@1 M[0]K73K,5J>AG]O`0&AO)A5U=R?[I,(YO#:ZX'$3+^KC7^[ALWC=H/3(1-:) M0&2N@QMXET:Z#EQKZP&W'8&U`1J48.\[Q\^D2QO[_A%)$J*WHWKIUB1*R*7E'2=PG0:>;^H M#AIQC_)]`^\Y*X!_.TF8!]4L/0Y0N(-V'L!UE"F;U$'*O\&CS\/I/V8!S\/M M\`T>/RCHGTV'T/Y)<\"V*9B5LTT^LSE9:#]4%,[K\WZAZ3H<#VAB_G.T^:?J M%*+PL>F4"MAHOTG_`'X&H#HL@+/Q;D.3A]=6KK@BVTUUAF<$$01%M&V:(*4FV4 MK\+XTANQ]I]9?F_MX?.^OPODNS\`K7\M,^@?><@M+5T_6JFUOFYWI7X-'GX!D"VGJ)GSW!AEHV:."]&7Z_`:/&J)K6Y*E/I M"83CC6WT6776%K%+Y'&ISDF7E=L&L=[.QIKM%MA,MY/*4Z$[1#`"HO:&?[K& MK3W,4*7$[!.P3L$"T$`TU`6Q;A/55RP?-DC%*&NM+-S$U>-#X4[KWG=>\#I*3Z!]Y1=HJ@ZC^)YT=NH^45EMLQS,P:#3)ZO&F) M.0]\?`81[SSIC*0T6VHZ])M$++IP_`&=C[5+4LJK=M'U3XPC9"@8(6-BV9JERFHL_@/.\KZI^/^/F@;2>X#^(>1.^GZ?PMFY@CO M/L^&V"Z>(T?%.2H4;B#'?@D?@3=+<-7=_K.+Q/6U\=WRV3Z!]_# M'@@6Z1G6$'C$=("/3XFC`"^>?Q"+!U2[<>GX"K4,*5X"5UD0$&A?3Z0J0HNV M6?/!$&.AM2*^;_Q)'8QY-PQLO1(:]\_Q6YJ#+#/@NVF8$V&?'4[D5=_$'@,Q M>&PO'G`/"%4ZHD^H?&$'5,"OE7GS`E-"PG;SL)K(9]`^\6BW7A#99"HEK2(P MT=AHT]E[-0:4HIQG[0\8XP&L, M:J4[-,0WL7I^YW*>3]SO>Q^X4?)>\=BH5T'[+471/#KZ]344,C=*7%>3$ M8MQOUXW/E?5_Q&4)X75OHXAQ4-RZ4H. M^4U\:1JML`H83N[F)70A1\\R^H]YFK/LP(W"^C+0WD^\V^)2;6U^LH88K#*J MF=K7#7=TA16`?K#.R\J\R!3BH'U7Y4DZ.9?K.^R'W(>\-H=E;877UN>L@FAY MS?\`LE._<&YJ1NUKVBV"YI=ZC&L'@'VBE2`6=5'(X,Y-75M2X3+_`$,YDQ?> M<6?1"_X@-_S+/G/3_I^M_,=)5PV3>75 M:[S;N'WBQ3JX'GJ@H@--!]E01"OJSL_5_J\A8_;^(*!QB9`!C1Y_!W9W9WH[AIZIYU1>AZA!'T MT)2]\QP0G7%Y0-UJG<*T0L%8R=6IOAE\W_B]^CQRK@=,L4TF_P"15UUVKPUF M(3'P4\SNQSACN(L=3NP1+-?P62RZ\4-JI?>R8VS5/J3.&ISXU&>I!2I._@`0 MZGT+GT35RS4/:ZSL,PT=?G+R#'KU5^J!YA]R=ZU[_`/$8NNWD^4`^E\$LJ4*^#9Y_%I_@$TRI MQ=>/U.?2?O.SS9\NZGPB`70]INZ&QNLN91G[?ZC?4HU>>8R*%/K-D-/O-7Q- MJ0OLP-LSU.CQ``[0/*AFCS\'2/)\+C\JGG^\[7NF8#OK'IOO`M>6YN>6A%<- M5"WGT:87],$JWEO^*->_>RUT<;XA\@'98!Q\KSXH-$/!!HCOQ-P*'7A@!1J) M"R)=_P`+?$RD&RBGM%0V2Q6;->TZ=OI.D3[AXVVU&U=8KV`U$C5P(C`:#E/. M7F+[E0[9N=U\^D"`5'STEF`&^DZAISW@7T1ETG90,XK1.\G>0TT"*]IQ(VBZ M(;"O9`D4:G=A(KQ)5%\O#/.@;%W'N0+3\X(`IUI3W@AL_RD5>39Z0ED+E MXW"36N/6TO\`XE?V5V&2[!N"(:@.14`^H?)\:\:EIQBYVV=F'3A+)CX+"62R M6?`S)5Y\+1A&I0&PL=XO]2E%D`QR?-/M']>:\:>Z7Z,$\/TE!'#?'CEYC[3Y3O&KR/L M1RO+X3P=OG$QZ2\/8/NQ\GZI\K[SY#U_\2.XG.KG1Z^I%/2"!KV-QU?;J.I9H'< M.#FIZ$!KI]L=\2^[8ZL-B)?']3N/=%PM/=/\QG^$SJ;UA_4_P`-_4SC(6A`N_Q@@JCZB"B) M,\[%C&G'..\HYL3?%GZOM+.A$"U7@(WES*5;K6"U;1G'K_Q'6P\JFPL%)?`G MG-=KG-/+WAFNM;@^]D*5K:Q1>]YS$;-?W_*^9495[1\VWYM9A_(_V@L*3V)I MG5W67'68(1<(1P"1YM=#B<:+#5+0M+#7!:#QEKK.&E*'DH6W#>.C`.BU\&ZP M:#S7Q@#I4;?!)"^)5I;B'FS26^"=-1RU6$'W3Y(_N=CV/[E\16D3Z#[P%Q26 M+4WFEBXH-J+!!\-C)R9N0Y(:H+J[*.]GVA1H+X'[J="N_3AA?7F9DYR`EC=D M0VV,W`&"\M&#IQ%:".'OY2_[']0*4I7)G[P(V>0*A5?>KJ-%WY9B M:?E#0)5+2.$V)'B^ED'#=.:L,ZS*$!0H\NF;DPD=B;&^?^(FQ<(ZO9"T@(/]#^T^:_:",E\G]Q'=!T4?67^9!(DK M@NCL4U!3#Q(UO>5B7)#DW:8N0_W\?/\``I4X!^M2TI7!`.E\Y7X)GH0@9:+5 MHMKK+]QQ&P3%>=WB"AE[,?*%*+Q?O/\`:/W!QI"MG$HL+.,XKM.R!P]91]GW M)4_!;](L79]E\1\1X?8_$?D\X;GSO6: M-UDJ]WS'%=I7GE[=(E?!7Q8\0`5!N^G9CS(.//O.2H];NVXK9*NUZ:5V*8'P M:"_1^L#K`.MA":K5XJ_JU+V8?+B#10.9P^D.$G5_0B\SZ2(&OD:'WI]R):0[ M5*/964^1^(3W;I7U#+8ACK^\>-^Y^Y>G0;?OBYTE?7]3SP?DCSE25%'>#;&$ MT&UKK%UH=KJDO,&**XO/\?(8_:!R4TM5;<9O$(70?F_B(AS\@JO2:DT MA!<;'[,K*.'GCC<=Y`YC=%QZA.X3N$[AX*&V=PG<((Z\;#:3O$1E$&OZW"!% M3LDS0VE<`LJT@R$FUHWK&]1IL!Y.%@-O7$HK>SJ)H$-H#G+3Q&3S?@``HB!% M.*([K'J7RY9@HI=(_G-6GEM<@DFC$1:R31@H$.N-?4%W>T)"D`I9RA`K-H`H085FP@X; MOD/-?3^-^8Z1B1RP[PU7T^)%RR\Q"0:G;=](48_+'AWSWG?/>=\]YWSWC%HC MOQ*Z`U[1*06P\.F)N@9JLG4E6*<=I=024&F+MH:Z9CE>:"?M2KFJWW'>8+"Y:9;R^9S#!>90 M7AQH\_28*28T@#R&OI+7F!Z7WG^PQ4I5>Y,PF%@[P'\7U#[?P!+V[ZOU`L6PYD8,,LW MSGI'%(J\J+A0`4YJ(Z?^7!]@X\NT5M`1#5-ZBUNUS;MQKB+2 MA17SYP&LE=KXHCS,4$N(L4ICYU42NOZP#TK\$>EESN9W`( MWX&[N#D<4^\8&T")2L$+P8CT+F:54OH/YB#7#X&_NK\DE_5'X_CN"M9WG@V0 M5_4AP73"B(,*A<\@,:"A$ZVI*E:SI/G!^YUZSC#?@39W\5I+?@!N8EF9?':."7=TT8,NB8+7?GNB MEO\`#4KPU_!S=4^\(Y$GY.\X"$^M^9E5U/OX8WX_)&-O5]R7-ZE,UOQIE/AV MYBL#8NHDYHP@?2Q<:,>*Z/-DU4.$;I>M[$^4.Z/E*`;)XO63BDZNG,(/4@%*5KZP77S'>8PA=JKZP:C4:.6HNP*] M$':`MIMUSVEV/IOW*T9NL_B5+``&@`P;7=\%7P!Y@6X8/:.)FDXR2#?@6#X@Y^+2;LQN;XK?=D M8BUS?YLW^7\&F;?#[OP?5/MX@5_I7[>"9N$:)ESQOYXU,EY>TTU5\N/]F6[7 MZ?N4K`W:'I%%E%%DHV[\IVWO*)#*U9B5EO60377[3Y"3(IRSDW&\>;W,#0?/ M^XT2C7V=WWCP$S-[:.>LM7G^QC.12L7,:%>Y.\ADPLPD8^L=%6OGK`K)3_`%%1U'Q:9M\%-RY?JI3-AA?2\7`I7(M!]%76L[W%*!S_`!Y^\+;E MCIO'?P2C14T^4^2?W+BGT?W/D$L78VY9&N*WWA'K+UI6;NSKTXBM7??]PPK$ MZL>3KFW;)BK)VGOE--V['/F@4WFOG[P?9[*_A+259=7@SS'&/0N^[M+#;'-5 M:]GK*]\7/GGIWAH6UI>*W3YZG1#SN&:REBK_`%N5`AM*V=-SR/GTCH8G2)Q= M:OG<-P>ZJ_+*86\O._.,T%--73UWQ&Q,'D_.$@*KA_M+%8]?.H`I+JC^2"19 M5#*RADK1UW`$G!JZJY=EZNHE*#9XER[^DRUWB//R8;\#4T>&\-GGX6D5I^$+ MCAB#<_D@]:#Z+\-_FQ\/H#[?%IFWX?[,4-RU[RVVS=ZPLMWG^?C##OA*5NOM M$Q3%F['VG(U%"=FPQ+2LW.IF@)>>?YEIK1]B'US+VHL.S[0K\ M6UXK"=BO>`3+]8+56WZI*+SGF^\6Z\3/#K.]$>3JG.,\S($V_P!)9U#)Y>.C MR\/H'[0WXZ)3#'P'RS*A*ROXG5Y<>N9/YE)%*_J6^ M%$U,`K^\K*S!:*EW/*)R]"?G0S`^XQ&2Z.67U/OXB@Z4E>OJ823=EYS]YY/M M/)]H'E2C;X#JP6$7=02,%>.CR\/H'[>%RA<01OX#,-U$/'P`DY0FZ0*CY=(1 M:LM=]4SL,&P>OP?9\%1N7ZR_6#!-OAC*@M*\'.6)ZZUOI+#06V;IORQJ$$,W M^[?TJ:KK%7,87OO73XU#L1Y^:"D49M)<`LIQ.T^\[SW)UU[S#*4:;Y\&9=S+1\M_49&=TBVLV8IT M=!IS+O/B,/+P^@?M\`K/@2M3(>7Q.'%*CEQX0XR<2KE\)#6EOY16]9AH\IQX:/*,^ M@?MXB!+T8>'G-'E\`,HE./"@NU9^Z2X476/8/A^S\*1TLL\OP=QG!;4QX!?: M;Y7D#$)IMP4KK.?RQ@F1EC^&=^:U](6U5:5YE0L;=$S?A_:9:UN$OZQ,(=XXE?(_7"81C>T7 M+5BF<6RUMRP0(+`G8)V"9#\#.2X%A4U37UJ,N;S=` MZ&P%"K$#WE+_?\`5UZSY-^XGOH,#ACG?6(D M\3E/?<^7(IQEUG_84()5YUYP*@8YN:?G!="N]\Q/4%QZH#D5T'ZE1ZOIR]QU M*4OFQH17NGXDQSBM$J''?H&)QZ-KE-F!'2QSJ._@143;C3-7BU.;\/MX:/+Q MYPU\&I%DTKK[)\7V?BV_%2]2_:`^2;+JKCYUEBW0GW2R;GPTJY'$$_+0C`K@ M0@HWJNLM7O3T,1I?"Q[DQ&_(Q-Y0PZ]?2$R%Z?U+_P#ZY':?.09^DQ6_)Y(J MQ5?@03BOKQ3Y9Y9Z[CI\-9K\R;/6?6'B5[C\P-OG,P9W?@V^4^@?M%F_I/ZG M0]`_J&IN\WZA0`N7./.U0X1:JL?AE827S2><8H-;G`7U].8@VQ75F M#;?FQ8W3YK^H-*`MEM5Z3+0O9_4ZWU?U'WY!X@MN7O\`TC$*V`X]J^6.90B5 M"A8:.GQ"FIWWWF97X$'#J=L]H0J?`YTE'FQE8<`UN'1P]X17J&UP#AL+H%T1 M>RV*KYK`ZK>C^P3-0$0TJ]/$.OO=%_?PZSP9>E7;O/GK\2@PQA0;(R-DLX4E M>?&U:*;WCSYBEO=[^\I2K73E"[TV">18S.E7\O$>W+7>1?2JUTEALW`;4ZDO M&)?!GY0C6YE@KMWF*4E?8IH:(1JV;+LW!1X&$`H+4T'$)V:T7`PLNQ56**-% MP$L"J,F35&'C$H@I@C4'5SMGM%-A[3L/8G^82K0]HF*!==)L:^%'5`:BVV[^`62IFQ-/,8U+YZ1?]!^I;_#]1I+MS077;$^8?N!6'GPWSUG9^ M7I.W\O26\?+TG:^7I.Q\O2+X5J(-Q0NG#9BW%/,HZAORY@'O6/RQ+=#67O+NJ]&/O/*F%TZ]?!\R4"^EM%=[#PL(@@:$#L-9J+E]NP,\-AQ','SI^4T!V167VP M?:6W!:2]S/[CMGDI^$LSHPR*VALI?DCN84NJ[_ZE?[93^V$%H'K/]2?[4&:+ M/.>8A2U4O&9I"SVGF(J`EPBU'RG^=_*?2OV8_>_/@_$^) M\(>W(S(4[8=E]9VOUB0&7O/ES+_U8JM@LSMX^L]$-@6+E^!9EH-'MGU']13< MUE0*2'.-Z67TBW5[']DI7D#AUR%9/.=Q6$^+)0]7#$\VK5%^36C1]W M,0=517G<&,4AZ-U?-6+L96N\?@\?HW[/_"1#("QM,"^1B(J:!\AH>5SM)VD& M4`3N,[C$(0#[S_0CHJ.7G"!\R=Y*Y^E>&M7[RPM9^H,!&K:Z\3FAW\ MXLO/X-_E/H'X$+8SLGO.R>\0`4)SX5VX?GBJ'MM;QQB=O.PFT().45E`XN8F=5L*4BBX$LK<763/E9`_%!8PS+V(M33B7@$6G@&_48 MU+JGDSL^Q@72X[QP]9A91=M'OJ7_`!<^**C?AE1U3?MQ"0`RPVK?#C4[S[3C M!\#!6A)W7V@!TJ*@NKG=?:+'1X\$+KWU,-U5>,IMT;)28=_!M\I]0^WP?5?" M1^/OH/YG4T?LWQ#UT_*R#F&D!"Q3Z>;F88N%2X6P59LIA<#VI2!!(,7RKGS;EPC(PE&THYNCUC:LDRA M&NI5'84M@J#535-UZP!D/#+L#Y[2_!/3]>#W(S.'\>#%I0Q1OGA8Q!`N7[:A MKV%#5TCQW#4;&MG!3JRU%BYRO`5>EJ^%V6JZ[RSM0DK!GBW+=F=2J!OKO:?8 M-3EHN7`L;$F%%_S?8?MX!`R#CMJ7JLU[9_?P#LHB@P7M_&AN['U!28ZQDSFE M7M`H`U7P;?*?4/M-B%/E)/D)^YA8'J?"_&2IS9/:50"P"]ND"Z!Y,*5&,:88 MT'-8QZS`A,`?1W[03?4HO==XC63.S*&`[+B=]]?U%:386=^";QA?(_1/?@UD MWAI^DZ8>%&*J\4=^)T[ M\#XRMTIB-Y0.%/'-X.EP3&-/>>S]2:P,+0!GRAAEMG\("XD=VH'M)D"EUY2\ M=+E&,^S^IY_L_J>;[/ZC;M]G]0B5171G2A>']3Y7D^!\.?@?A^6=H"F[;Z'S MV\+ML3[4^I?B;)]KPKQ2I+;CT/9.P>TUX_ATR:>8\>/K^/!VS9Y?Q9B]B?1? MGP[O(\=ORX_A%0VMJ3T^=3`J-87FDF- M7GR0H)K@OVN4JP[^%1MX"=\]B=T]B,!PIP>->->''@L()LHOCG1X_=_7\/0\H\A6>-RUFO`I5'1O M7,KNODX@1W0>PGIUAJKC0T@U9IUS+1N9]+14:"W1@EF1%V"DI44SIQ=/$=!9 M\E:GRS^I\L_J51L%@43L3M0.``BSL89`)V4[A.X3ND[*"Z9WHA>*^_242/\` M1._%&PBI@<2D;V8\&FI.C/MOA]5*XKT35$@B6:C`74[I"LR*\>#-_P!$L/8* ML=M.VEC0/`PE2S5[\-2WB8E^%D&7%,*K99$0KX-PG%X7VP170F_;Y,["5CNN MXFLJ/#Y7I_#]+]I-7M]D]IBK"_R)_A8(4U1M]_.`4PW\\P(P[G^A+?V0\K+> M8LTN'G.WEFC]88$WV3H\I]6_=/FO1F_P`WPT>?A7S5 M`E%7FG^M+?VR_P#;+<[,QV0[-2W]LM_;+<>[+_P!\O_;,*\,4_N0;*LVV M!/&J-=>9N8]!1:NC->\"X$5&$\,?NIO^Y:::%GI;J>=[P;;237YGAQ.C-$?',)4J),?'T7EWV`@ M\?&L0\SWGU1(F54GA]U';JY:Z&YRK[Y_$JK5ZQ6)F3-?#G)@^TG/]?9)@J5P MV[/-`Z?([1QK;QWGE>TI-;Z?\._']>,P5K\S!%@%"\E2JBIT12!G9@C>;OF5 MR--W.TC%)JXP%P3M((+-0*@W.X]HBJ/`$E2O MS"%:+Z>#P%*@ATYIHXB9: MJ/`N;D_$(P"MZ,WVKO,2HP@+SM(#5/0IFZ:LO%]8N=0`O5:`SRM2C#9Y(>HI MNFZ\/\!C5*@XO(5"N/86PU'>SWEF0:C*A?V(DC`&#MJ]P)*6+[SM/>4F&^O_ M``Y:-G$WGZLVFX:C"71-'W8UCCX=?SSX_8\0;Y,1E'`?J^'5\?<^`;+\>/X? MH7[SZ+X?V3QJVG;GY]I:6/8"XK[1VKRX]8K':\F_O.D`O/(^H0?-OGTF7(9N MN/3O,N_T_4^6/U&E<6]<5V@1JCMTKI!3<@'MB6$QD0KZVHI=S+Z^#6W"C"G_ M`(,I$MIV1;+H&1*XYE2!-Z[./O-H',56(+#&W&L`I@94+RWWF_2:N\G'1])D M_KJZPS`]`:>=4ORBFRP"LVUSQW`F!0,7V%;=W"S?``32F@'3)-$-/)T,5O+H M>9M%YSA^Q@?*AAU2GB9V%J51T!+Z#*1]TSO[TO<`3=M@+2LF2)V46KGGIC`? MJ)&+AO2`"YDPSRS776H5N38;7HGVA23&D,VX-4#GF51$1MQO55TYN7!K:E=) M\Y_4T';X#X^8R6@_N.&H`W=[?7M.U]7[B8"_&C1K?!X';=YZRD0*Q56)Z77K M%214XI7?]SN1OD2L[9&@,:Z=XOUC/U*'C,NU`Z/[EF\P M3]1LK>3V_4HSHZGZG^^?J???9_X-$>7,"S-L:YA/HGTD8E%]*#Q42[Q35U]$ M+0/JP?:`>)R&'H@^4\T/]I!R7Y.+-]H&%W2QYL!34!H_C=SZ#]3Z#\^+Z >3P^0\I\ZZX:_B1,59W'N3N/I^Y99:[?N=!?/K/_9 ` end GRAPHIC 21 g318554for02.jpg GRAPHIC begin 644 g318554for02.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`)D%D M;V)E`&3``````0,`%00#!@H-``"$H``!V;,``K+Q``.1V__;`(0``0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@(" M`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"`@(!`@(#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#_\(`$0@#/@*``P$1 M``(1`0,1`?_$`5H``0`!!0$!`0`````````````'`@,$!08(`0D!`0`!!0$! M`0`````````````$`0(#!08'"`D0```%`@,&!0,$`@("`@,```$"`P0%``81 M$A,@,#(4%0<00#$U%E!@(2(T-A%PD/_:``P# M`0`"$0,1```!XSP_]8```````````````````````````````````````*ZT MHI4``````````````````````````````````````"NM**5````````````` M``````````````````````````KK2BE0```````````````````````````` M``````````*ZTHI4``````````````````````````````````````"NM**5 M```````````````````````````````````````KK2BE0``````````````` M```````````````````````*ZTHI4``````````````````````````````` M```````"NM**5```````````*JW`HI0H```````````,BN''IF`````````` M``%=:44J````````!]4Z.)Y#Z!VOC@Y+7=G` M^G]*@?7^V:B5Z44`````````$RS?+8:A>I``2;L./[65SVWRP=UEUVCP[*_= MBQK!A],```*ZTHI4```````"]CTWH^3\ ML^N.O^<'9:?QM*S9!A%DS#PD?ID>,#W*;#7Q>$XSL(YY#Z6A.OTU164````` M```)EF^6PU"]2``G+;^?I:28<@ M7C>$;FR/+I)1K3UC;37^/>F>&H7Z+%````````)EF^6PU"]2``*_`?%?J@^* MTJU*?5/BOU3Z%```!76E%*@``````#,C<9^V'I/Y<^%NPW/BX]]PX_>,B=)@62=AFUL@2N=F?:>>3)OO(N>ZZ+^3N?)^Q>&S-X&)^0O)_K M=\````````)EF^6PU"]2````````````%=:44J```````*J8?7TWXE]0;[PN M#-;ZWXXYWZ=YF5Z[H\W,07M_F"28GT?;6XA=7@W:&_CUO91O405KI$HK*``` M``````F6;Y;#4+U(````;;+"D"9RT4Z[M@`````!76E%*@`````````6XGS1 MCZ_X:XKJ_P!2.HB]#R$SF^BC[K@I?D)>!N-^G0`````!76E%*@````````#6Y8/*4^3> MIU'A5J[-&_2?4_W+W_RD3O\`FOB7Y=M]1M?J7;/5^DC;L`````````"99OEL M-0O4@```!\5]T==\V^&.1^D0`````!76E%*@``````"Y6W(NQ5*8UN7XJ+U< M="ZI2[6P6J7@4JUK;=+[UV/#LS@```````"99OEL-0O4@!\K2W6R[;EHK9]5 M^*5TNM5I4I72ZW6R[3);K972X```"NM**5```````&UR0O5O1^)]7(T<&:CT MGJ)&FY2/NY'G7\\]#XO)FL[OE97/]9%Z'BIO+R+KNTU66 M!PT[DYI````"=]QY MK[3ZKYY_+7SW[0``````%=:44J`````````````````````````)EF^6PU"] M2````'N#K?G+T)NO+/R=\X^X*0`````"NM**5``````````````````````` M``$RS?+8:A>I`````==)T?(QMX``````*ZTHI4`;G+`F[;><\U@W`T&'9]!F MU=^N/G,&V[F9S=BW)Q<7H=)BV/0YM5Q$3H^ZF3.:UN.7Q47HHV@=:`````````)EF^6PU"]2``X M&?R'*2^=O6Y=IBV&^P;:.=CQ751>AP;X=F[%=IEP;X>]P;>3M9WGQ0```5UI M12H`Z'/J_1.[\HP[),G;#C=/BG]!GU<7:_L^QDZ#@XG3*-EDAVZ7X=LCSYI? M4O7/2>%R=L..@;3^F1Q!ZV=]QYGTV?3^0.9]Y]D]1X!YJT7KTJ;#BJZV\-#Z M3DHV]Z'/JO/NE]1`````````$RS?+8:A>I``?4Z;%L,^^+I\6PW^?5Y=V#F MH^X[:7SG&1>@M4R?"]6RQ3)Q<3H`5```^'T*````3+-\MAJ%ZD`````````` M``*ZTHI4````````````````5UM]![KRW2XMC<6]%GU/-8-QF7QM9CFQU!ZO MGL&T````F6;Y;#4+U(````````````5UI12H`VN2'V,KGZ%^HQ3OBNPOB:^R M776RI2U3)12Z_=BR*XL"R50KM,D.U2_%MS;"^+I\4_G<&U````Z61J.YE\WH ML.SCZ%U```*]C*T'92M!'T+J.=P;4``3+-\MAJ%ZD````/6/2>(=G*Y_PUR/ MTA]4``````KK2BE0!T.?5R/.Y++NP:W'+L4RZW'+ZR3I/A8IEP;).3=AK6U5 MI=K9R\?<]-GT]VMG.X-KT6?4\Y@V_$Q>B``J6_0#H\^HWV;68EN?B8G1TJ_% M0`.FSZ?J9&EY"-O>&B=)32H`$RS?+8:A>I````#]&^Y^39$F\I^3_G/V]]4` M`````KK2BE0!V$K0[;)"UF.9=K9C6Y>9P;@`````````>[M]\>>@,_S?DWY+ M%EEBRRJZORE.BG[#QKI?J;Q[I_I\=[,YG58YO5R-)H\6RW677MDZ/PKR'TG]4``````KK2BE0!T&?5RWLN'XV+O M^CSZG&MS0YJ^^*`````````>\-_\=3]D^;;U]^%APW+KOM5%M.GV.R\9Z;ZG M\=Z;Z@$D3N3MKNJD:3DHV]VN2#S.#</N=SEU^DQ;'LI6@P,\-_\`'7J#9_/H``'C/3?4_CO3?4```````F6;Y;#4 M+U(``1CL^#TF?5=M"ZJ!][Y%LL6PQ[L$JZOT&+]GP.7;GRK)7H?GO9P```!7 M6E%*@"_=C[:5SVNLE8-DFE6U2^M:*%UJE^3=BN++=+\B[%A6R/JE:VU2_(NQ MXUN7*NPV*9-?9*L6Y![PW_QUZ+E?.>TDRM;'C?`?39R)/C/3?4_CO3?4`ZJ3 MI>5C;OM)7/:G'.W&77ZG'/Y_!LP`!,LWRV&H7J0``^J_5?BGU4#XI]5*"E0` M```5UI12H`$O;/A)`F\O'$#K>UE\[M\L&+]?V46:[M````````![PW_QU.CY MIZK9[/CM3J<;'BV,B1@X,]-]3^.]-]0"6MEP\2ZWN9RV_F^HQ3I"F M\M#VL[W@X?2@`"99OEL-0O4@```````````!76E%*@`2YLN&W>;7<'#Z78Y( MNUR0>6C;OJI.DY>/NMIDA;*^'K[)6MQS-]FUEVMG#Q.C^UIT^?3V:9-IDA85 MDBVOSKHVQR1.-B]!ZUV?R].]WS5U&QV?TLVV\MK=99LL[7;[CQGIOJ?QWIOJ M`2IL>+BK7=K]4Z3/J>]F? MP;,`````"NM**5`%RMO09M7N;P;;)NPW*VZ/#LO9&W^4O1,GY MRVLJ54K12W3Q8OTW4N9XSTWU/X[TWU`.QE:'CHN_*9]\;K).CTN+8\]@V@`` MF6;Y;#4+U(```"7=GPOJCHO%8EUG<^I.A\7_`"P\\^U"@`````KK2BE0!VTO MGI?V?!_%;-+];CE[?+"YS!M=SD@9E\?GL&UWV;6F^I_'>F^ MH``````!,LWRV&H7J0```%NE_O[L_E_4XYW=R^:_.#AOK4H`````*ZTHI4`% M=OE@[_-J[5+[=+LB[%6IF7Q^6C;K=9M??KBQKA^J?0?`?3X`;&^)K[) M0]X;_P".O4&S^?0``/&>F^I_'>F^H``````!,LWRV&H7J0```'Q7LY7/]%GU M-^N.)-;W(`````%=:44J`!UDG22GL.+Y2/N\&R3T6?4[7)"YW!M>1C;[L97/ MX5DG@H?3:O'-*`````#WAO\`XZ]/[/Y]^BH`*/&>F^I_'>F^H!]/A\5^GP^A M0``3+-\MAJ%ZD!Q\SFL>[%9NP\5-Y=1NL.T^JY%N:A;?IDP+XMJN//LEVZX] M?DA]O!ZOKHG1@``5UI12H``G;;^;4J[K+KHZA=9&T#K0````````/>&_^.IG MQ?,?;[?<\7J=/K\&#/S9\+%AD3>[_P`9Z;ZG\=Z;Z@$[;CS:!M/Z9Z>W_C?" M0^EZJ1I>&B=)%VO[(``3+-\MAJ%ZD!K,L'19]3=I?]I77Y(>+?&WN#;Z//JM MCBFZG-KMACFU4KT&_P#CKT#F M^;]]-G6;+*5-9&C44IOYL[QGIOJ?QWIOJ`=_-YB/X74;/)#S[XV[RZ[7V2N3 MC;L``3+-\MAJ%ZD````````````*ZTHI4``3/M?/]SEU^=?&T.#9[[-K.0C; M[H,VKWF;6ZS',XZ+O^QE:#)NQ0_K.\Z+/JNNDZ+X;O+KL2W/I,.QOW8]UEUT M

LB_7]E[PW_P`=3O=\U=/L=E4K;I;RVMUE^_)TVPV/C/3?4_CO3?4`E78\ M5%.N[;ZITF?4R?L.-Y6/NXV@=:``)EF^6PU"]2````````````%=:44J`.KD MZ3JI&EV.2+]4Y.-N^WE\[I,.QR;L.GQS]MDA5UMN+-A?%XN+T/1Y]3J,<[;9 M(//X=KT^?311KNWUF.6`![PW_P`=>AY/SCSL"!DWY,/%AWLV=@X+AS5]_(,WE?.NC]7``````KK2BE0!OLVMW^;5VJ7E=)BV/32-/K<77BG;#QGIOJ?QWIOJ`=/(T]^N/'IES[XO0YM7RT?=%;(_-?A/KNI:`````*ZTHI4`2#-Y>8=GP6??%T^/ M8<7$Z"NM.WE\Y;I=E78<&R3%.N[:/H74``````#WAO\`XZ]0;/Y]`XW5:C4Q M8N1DR2!N][XSTWU/X[TWU``"LT[7SWM9?.\#"Z>']9W@``F6;Y;#4+U(```" ME=Z=W_CFYRZ_H\^I\4.2A*\^`4*@(9@^J0[#]0```$

LLTO``F6;Y;#4+U(#ZKRTK045LV M..;=IDU&77;G#L]=DA7:7W[.; MNLNNT6+9[W+K<2W-PL3I9%F\I8IDY&-O8V@=:``)EF^6PU"]2`J7>?>@\:^T MNV^+8:[)$^+:E<:[#WT#K^+F]+GU%EDS;H]NE^%;GII=M,D+18MEM\D'"MD;"^+8MR[# M)$VN2%J,4_762K-,E2EVME-*_:TXJ)T55;<>W,4`^*_0H5*7*VBBEWQ4H/J@ M``F6;Y;#4+U(``8&2)AWQN3E\[T$?N?%````*ZTHI4```````` M`````````````````3+-\MAJ%ZD````````````*ZTHI4``````````````` M``````````3+-\MAJ%ZD````````````*ZTHI4`````````````````````` M```3+-\MAJ%ZD```!WTWF.JD:7FL&XZ'-JH;U??``````5UI12H````````` M````````````````F6;Y;#4+U(```"==QYM[$^O*EH`` M```KK2BE0````````````````````````!,LWRV&H7J0```'Z']M\JR%-Y7B M(G1]%GU/Y@\!]DU+0````!76E%*@````````````````````````"99OEL-0 MO4@/JH^'T^'TS+L%5;<>F3(KBP;)0^*#ZK\4```%=:44J``````````````` M``````````)EF^6PU"]2`YN3I(TV7"_56!EV MR-)FU6;9*V..='\_CIAU'I?9PNF```KK2BE0```````````````````````` M!,LWRV&H7J0&!DB0^D_0N[\L\]:3U,`````"NM**5`` M```````````````````````$RS?+8:A>I``#EY6ALW8MCBFX&2)4NN4NYB3H M>MB='B7QMQAV6SQ3P```!76E%*@````````````````````````"99OEL-0O M4@`!R,OG.=DZ71Y]3\,NR1M\.RX^;S.UP[#79(?0Q]U*VJ]!````%=:44J`` M```````````````````````)EF^6PU"]2````````````%=:44J````````` M````````````````)EF^6PU"]2````````````%=:44J```````````````` M`````````)EF^6PU"]2````E[9\+V\OG/-6A]>F;:^?0SJO0``````*ZTHI4 M`````````````````````````3+-\MAJ%ZD```!+6RX?W1UWS9`&F]1F_;>< M_F;P7V``````!76E%*@````````````````````````"99OEL-0O4@```/T8 M[CY/ZF1I?+?/^S^MND\-_*SSO[6*`````"NM**5`&XRP>VE\X`"I3ZI\K7Z? M*`5*`#3XMAQ,3H0`````````````!,LWRV&H7J0```%"XK6L^+OJT`````"N MM**5`$F3^/B[7=C]`"GRN3OY_GG52O*[F6'JX7=19#]:MX9OQ0#Z25L./CB# MUX``````````````F6;Y;#4+U(#ZKYNZ/Q"3]9WEJN.[3)KL](JP3;.TXZ9HVD_/GS#]/+-T\#Z23/Y"-H/8``````````````"9 M9OEL-0O4@"L7;3@**V54NT^;6]#'W-2[[1L\<_'NPXUT?CF:7/J]MBV&'= M'S[)>\P;;J(N^`````KK2BE0!)D_CXQU_8?5`!VU>8Q).NZB_B\>[88L"9>K MO8]IUEIG`^DDS^0C:#V```````````````F6;Y;#4+U(``#1Y]5QTSF=QAV> MDSZJY2ZQ=BV&.9M\.SZR)T(````%=:44J`)-V''QAK^N^U`O^5L77])FT.>M M^(=[!7C*]3;8UURVJROVZ^2=EQ\;:KK@`````````````!,LWRV&H7J0```` M````````KK2BE0!,NV\[EOH?(_J@^6YK5LA572S-9\A9]IFU]7.WXOME;=UM MF['\IAV>OZ/RIS/O(F#9\'K[)6TR0\F[#D78N;C[?JY.CT^+8:/%L=_FUFJQ MS=_FUG3Y]-YIT7K\];CS'%MSV:7Z##M)*G]FJ]$YF/MP`!,LW MRV&H7J0````````````KK2BE0!-'6>$S;]:_B9]574UVBZSB/$?K-DSUTD>C M8'3R+@V&P//'21_R0]PV^)GSZ^SP3B;/G"[2;^MWS+^E'F#@/L.NMOZ)]O\` M*48Z_L<"R5H\6RES9<)#>K]`Y[!M>C@S3^D>U^K^>/$O*?1/`0NG``$RS?+8:A>I````%? M1.[\HB77=SV\OG(9U7H``````%=:44J`)HZSPFO9,C MA]KW>Q].DC8>D[.[/E,?GSJW[E6^:?._GKUQY9YC?DQN@T_WGXZX?[; MVV6%EW8._F? MP[3)NQ:/#LLB[%TV?3Z##L\&R3RT?<@`"99OEL-0O4@```/:G5?/4[[CS3\\ MN*^J?6G2>'>#>.^F``````*ZTHI4`31UGA4X?6OXKUTMINUN5;LGAG>W/.M_ M(T[V3KYWK&16^U27Y\ZZ%^4GN&QIPICY3YV_1KB8S%9R_+?2'BOS+[Z````` M`````````$RS?+8:A>I````3CM_./772^%?FWPOUQ['Z?P+QCRWT"`````!7 M6E%*@":>L\)FWZU_$WX4T5R8E_Q[V&[S'2]3J_6>GU'I6]E2L^?S\0]Q\^PO MU^/%ND1[`TOK/DNBMPYW)\S]%^,/-?OW8Y(O4R-+C6YK%,EZMF9='U&.=6IA MVY]'AV(`````````F6;Y;#4+U*FMMJME^W*5LW8:Z7U+J5N#?$V..<4HK:+- MV+(LSJOM`^5?:``!76E%*@":.H\.F_Z5_''[FP8TS6_-AJ(3\%^G(ZX7TI;* M8;9G\5]O]"0>&W?VG\=V5:\U(L\3]5ZWUC2T9)'+\I]&^,/-OO\`*S/M?/L^ M^-AV9]#AV?%U7'3.9JI=EVR<*^)]5D37=K)& MM[<`"NM**5`$Y3?,_8]?E#H^XY#\\HGS3YKQ^;>T8?U7!>RB7;I.1;CG?Y$] M_P#0WSUVU,O-6NM88V/W6E\]??OQ@['D.K?2_D/Q7],>HD:?L)6@OUQZC'.U M^.7T>?4GZ^J_GOJ?ECS-#\V]M=YO//'J?S7 M7'DY%DSU#^?OZ13+\E?7%-:TGVE+G?<_Y7^Y/BJGU+S*1I'T]Y"\'_4/=9=? M(,WE^>P[3(NQ8MF?9Y(?.X-KK[)4CSN2TN+89U\?G\&TZR3H])BV.ROB[FY=;HL6RM4OCZ%U,DSN2R[X]2E=;<&R39ID^495^'48I_.8-MQ,3H0)EF^ M6PU"]2````'Q7ZH5*``````5UI12H`E7>^+ZCT'\V?5O)=EZ$@=/J,\+QYZ/ M\C^>O2OFRNW8W[[Y+^3_`+@Z_P`/^BZEW=\!Z+>M4=AKH`^DOF22/I````2/.Y/] M!>T^6O*W/>U]-GT_C;E_?@`````*ZTHI4`2EN/(=#K?F:JL_7V69WH6GZ#?> M5Q7T_DN12[H*>60+Z%$@GT*-E1=G[7^+ON^]@E8Y;QW>D?>/CG:\Y]'^1O`_ MT_ZF1IN]F\QLKXFAP[/O)G,X5LGEHVYZ>1IM/BV&!9*Z//J,R_!@62>-B[_N MY?-JT^4KJ\1IO.&B];L4O$RS?+8 M:A>I````?H!V?R],^U\^XZ+O[UBX?)^ZW[L>SOAWJV8M,UQ;\,>F6_7%CVYLB[#4I:IDOW8L"R3 MT\C3Z'#L[U.;EW8*5>>P;4H)EF^6PU"]2` M```$G[#CLRZ/TTC3^?M+ZB`````!76E%*@#T!!\Q_0WXE^8*L5E-*?G/]F>A M>0B[W;98.SOA\S@W/7R=#P,/I^VE\[SN#:]-(T^5=APK)$+:K MT/TOOO'X[A=7MLD'58YVEP[#LY?/7ZX\2W/','K)`F\OQT7?2/.Y/RGSOMGU M03+-\MAJ%ZD`!#FX\SWF';;;#L**V[''-YB3HMMBV'U7!OB6;L55+OA(^N[; MXH```*ZTHI4`3A'\V]+_`"9X+K;*9"[RM]9[&$?3_3/MMWRLK:=AX7^A6#Y^ MF7EN6UE<>-"Z'\_O(?K'0UEZVN#S)Z%TL[S=ID);G'TRKL&+;GR[L&QR1+E;-!@VGQ6_7' M8I>!,LWRV&H7J0`$4;7SW%OC5+NAC[FU7'J,NN^*?5;5;+5V*Q7'DVYICT_I MGQ0```5UI12H`FC!YS,_RGXIB9:6JW0+]3>#;?Z,\&E3?<)@V;?\_>)^J/UP MB<%[3PP;MU_R.\:<[](:=L<=3\WK.PZ/#U-7+^V]O+YV9=IP )UMDKF(^Y MD[8<=H,&SJK3-NP:##LNBSZKD8V][*5H+E;,>W+BVY^7C[GM97.V*9>!A]/+ MNSX2,=?V.XRP.#A]-+NRX2+M?VD:0.N`F6;Y;#4+U(`#FI.CW6':9%N:E2S= MBT6?4U*[#'-V&.8*5N/=AV&.8```!76E%*@";_8 M>X>.SAU>ZHMQ?DWYE]5?LIJI'NG/6W8Q(-/(^G^FM4F8ZSK--Y=X;@[F.H?W M]L+XN%;)^%2GQ4#:Y(6JQS:E*%?IGWQ;U;+%,F/;ELTR?#87Q;M;+-,F#9)V M5\.[6S48Y]%*@"99OEL-0O4@`.&GMOGO0^O@```5UI12H`EW9<#[!Z/YP^W/EU?+&7YYS-EH>ZV/ M2Z_)-\G\YZ5[HNU_HW+B^X%O$@C6^L\IM>;U$S29D6%'>F])@'EOK/JI&EG+ M;^<H6+<@$RS?+8:A>I```````````` M"NM**5````````````!4%``"H*````````9=T?$MD````````````"NM**5` M``````````````````````````````````````KK2BE0```````````````` M``````````````````````*ZTHI4```````````````````````````````` M``````"NM**5```````````````````````````````````````KK2BE0``` M```````````````````````````````````*ZTHI4``````````````````` M```````````````````"NM**5``````````````````````````````````` M````KK2BE0``````````````````````````````````````*ZTHI4`````` M````````````````````````````````"NM/_]H`"`$!``$%`OL\O%]GEXOL M\O%]GEXOL\O%]GEXOL\O%]GEXOJA$E5"^:+Q>49Q$D_4C>T5W/Z9=B34P[76 M`=[-//\`KS:TH*?8?H9(KL:]BF_:JQ9UL^[$NRU)]J[OC:<,'C4WE;:]DV;/ MM_Y/<*TS8)S.V%O6=%_&(`\Q-VS&15RK)6@QN:ZRVC%2ET-K*MFY[:M6#N*T M64?&!9Z*=CN[>9Q=LJP\Z\@7H[@O%Y$B9U!MSM=<<_0]O[$L.'[=]Z>V%Z2/ M9'_L'>W=/N59#&=@?^SO:^T+>LC_`+*_]5+,LZZ+`EK)L2V/^N<$HI>L;WSL M6R;!_P"OL!`O92P^\/='N+VOG[=[U05W7/;4)"]S)&XNW]Q6X(@)1\E;7LFS MVYEV4+=;[M[.QX3\8\OR/3,BSDH*011N20(9UW.OMLNKW`O9I?1[0Q=KOX^Y^XEYWGW8[,P[N%41[?RL M6ZC)!K:/:RZ6]YWI,=O+/[BSG=EMV8[O6#)$_P"N=Q,NTEP=B;HF^SG>2S>_ MEU]O;:N_N0O?\S,F[]]^.RT#=O=R]K\9/%>^G;*ZNXC/N)W@CK:BG?DK:]DV ML/#`*P"L`K`*R%K`/#`-V7B\@@4#K1R2-JV__P!AK5[9,E[;MBT[I[IPO8V` ML_N"G>O;*RF4CWREU:=]UKRJE?S$E)K4^>"RIK.*33HSR8:+K39W+I]$27,1]R#*&072E1-R MS4*M;7>S$;O[N)1CF[^YDM=3?R5M>R>:+Q>2S#AXRB;)VK%0S.$:%3`A8%DB MS:BB*Y9%)`R<0_(LQ\1,8?*6U[)NF3%[).+FLV8M(F^+Q>5(B#Y:\%%$BQ\I M'3C14B)S11-*/.@#D9)X=P*#!B=F1V5$_EK:]DW5OWA.6LCWS$3#OB\7E')' M)TX]*X62)'B!#O1A7R[F/EQ2AE'+1B^1G9$6"K2$)+YI-J2/D5'3493G?*VU M[)N^]+MHZWY>+R!2F.(MW!:Y5T-`0Y@R'RF*8@Z"XIZ2M&16+1FSHE.E$9MJ#:6N&," M./DK:]DV+B$$X?35TTI>4![-K'8RUN+R9'`R;AJY8OY/J]U-CN7B#YR(Q;]T M[D$%%B`QEY`D-%+/&!;;?2+U'<%XOJEM>R;!R$4(+9N:NGH+ZI;7LGFB\7U2VO9 M-WR#_D]\7B^J6U[)NK!LM:\97N&[B'?:W?%XOJEM>R;JU;_L^-LUR[L0.V(^ MN]+Q?5+:]DW9IZ9/$[XO%L1S4CY^_LF)CY![:K=C$799SNT)&Z((MM25QV7( MVU&L+*=2EJMX)!>V1LMA'($LE$Q;6MQS=,L[BSQTU=EN_%9AD@FZ>3UNIP%Q M?UV/S&*M3J1).`@VL==5MDM:1<6$1"XI9D2-DI2SE&1?A4"B_9VLF[@8FVB2 MD`UL.-=-T;(;K*S4-%L&GE+:]DV1E!:N?DKMTX9W47*O,OE(AA,$?.@D99NW M4N9-%!S=J+0$KD.W,>X5".TKIY2BW&8QMR7BV(CW?N/)0OR6X_X-.N$)RZ9: M%+*=TE'D->D3"33J`L6=C8YC9?=P##>EJ(+-;7@$HN&LCN.FU?O.Z:*SKN*R M`2R%^3,"WO;_`/OAP%SVF4@(KX-W%EX-G.2AR'[J3+=PZN&+7;H3\9;Z4M?% MNGC8VT8N0BWUA6/[#;$Z_@FES1-OJVYY2VO9-ES!E)3&-90 MZ+)R6WD\5;8;*"I`I""UN,U@&VVYP3MXJ1U[?269;DO%L,W:[!U+2\C..UKI MG7#:4F9*9??,[EYB'FY.WW2EQS"L666D2Q4??-TQC)O==P-DY"=E95J6Y9HL MVWP(&@Y8B3:%D'B$?`.I%H>#EDB#`RQ5.@2^$I#O(I5O"RCI(( M&7$0M^2!LE#2:R*D/)I*'MZ2*U"WID18Q#M\`V[*%0O1MQH6 MAB6?*[<0P9R`_&FO,.&B24;M6U[)NK#L2)F8=S8]DW);6^+Q;$6HHD[+)RY2 MEFY[4/(S*B[!]-L&S,\LS9*34VL8)F8!4TM-J"\=R,@FREI]B@G*3""CY_(+ MI-I.48-'2LP\=#,30JC-SXNF;F7:IK3,PX5DUI63)TV2KILE739*NFR5=-DJ MZ7)UTN4KIPOB-IIHA-(W8@U:.KF;NO*]JO9))HJ]17;*J'59NUA%FM2K( MZY6S)9NI7=KC\+=F&D,IUE)S$GNIHNHG(QW(L;H%@Y6W&-VJI` M25\.U7LFWW:X]];7LFU-K$:2(&01A(YWS46W1D&[!(.5HYGRL7+KHL)B0*X< M`[9F:.(@9'JVZ+Q;":BB0LD[@D6@#,&D0>2`-E).26.9^^41&2D!0/(R"B*; M]\C2KQVX+U*1S]5DZ3DI%$S66?LTCOWRB24@_02&1D!-SSW`TG)',B]>-DR2 MDFG74'V111193P[5>R.GB#,*4=MT3\X@!SO$$C@[;F&N[7'X1L-(2Q:2@)-8 MSF->,T"6[+G.XBWK5KM6U[)MXCX8C6(UB/AB-8UCNR\6S:LVSAQ-=,=4+,-H MZ+=3\8JZ)=L8FM/2K-^Q\EVJ]DED5UDPQP78KF=\DOBJW7=B@P>$5KNUQ^%K MO8YJ0*>S\6X%P_:/8E"ZH?G)%9F$;M6U[)YHO%LVQ!LYI'X;D6CH89%DK;"[ M=8EFO##(0#V-;C98/:KLI7L`LR?+6SIL1LQ\"SR'>M M'S"(4C6?R:4%,+GE`.ZF'[U'M5[([9I/"@``%&*4Y0CVQ4R,&Y# MUW:X_")FWD.'@V=.6:I;CDBNEY-RX:;5M>R;FTI>VX57O5(X",&;41AU$CH6X1Q'(P9IQ9I"\FJW M@'B[P8W0FXZ-0B?#M5[)M]VN/?6U[)N3?VCMAVV++$O=C>5WM]Z7BV6S! MT\3&VYH%"P,B*;N&->NB#!S30TG;TC'*MXD%T= MUS;KE_#M5[)M]VN/?6U[)NI2X)J;387O=L4S>7Y>$@UWI>+9BY,D<"]Y)(.B MW(B"TU]JO9-ONUQ[ M&(;JVO9/&X'"S2&26>K.H%50Z:TB^^1IW2O(F5N,HJF?/.C+R#B#*:Y#E,>X MP21<7.L@=6[4B*RJSOJ1;E,<_P`A7?*0\F:50VR\6U$Q+!_#FMQBBJ-IQ*=7 M#$,XKRG:KV2<-E2`<0$Q2NVJIBG.HFFZ2(X;KUW:X_"S$3.$O_KI)F>R;/&& M8(":7?I#\VVBA> MAM0,:V&1RJV^Q6`\$W/1VJ:CT+<9E%.VV**C",38'VR\6T#>0*T(M)8E%]D5 M,Y/0HK!6BMG!)4U:"^(HK!0IJ`=5BZ1;:"^(@("4ASB"2IJ!-0U07<$;3!W;QA(H,=JVO9/-%XMJ'N%M&QWR*/,H-WLC4\FVLE,.+G8%; M]=16G_D[(K3YFRYQ"ZH\I%YU-:8&YHG,I=K'6?2*+B3MN68QDHVN./3'Y)&) MM0O&/YPLF@\@(6XF#!C\CC>2"ZXP',U-(23&NU7LDJW<.$@QPHP"8K=J[:-^ M44*O7=KC\+9D(UB'A%/4X]XUGHM&5D)=%Q#;5M>R>:+Q;$*U0=OB02U7LASJ\Z@])1O1F\?$<^]08$A]JVO9-S:=H/ M;M<=R+)A[/9VK:\C=LMW`B+.@76]+Q;$:+\KU2=FTZ3FIIU7LAFZ9U0CVQ0Y!O7+,BB'))`FBP(I7=KC\$ M)=ZV23FWY#=7?:)Y!_RPN;E!1^O).&FU;7LFY$Q@3[S^T=O'+"S>VK-.T^Y= ML`.(;PO%L6P_Z7*RJMMNP3?V\202/;8(PZT6M)\Y'NY]!U;9%/\`U#%N(6X: MGBEN:%R\F,CONU7LGBN1S)JL7\0D\C@>3#MHM$[5M>R M;D?R'<"](RZV-E7_`!47!/K_`+4A+>WI>+88D8*+\I:%3E+0KE+0KE+0KE+0KE+0KE+0KE+0KE+0KE+0KE+0KE+0KE+ M0KE+0KE+0KE+0KE+0JU+JM"V67]G6A7]G6A7]G6A7]G6?7]G6A7]G6A7]G6A M5VW!:%T#REH5REH5REH5REH5REH5RMHUREH5REH4ID`^S;7LFPUF&3E)M-QC MI(\E')4J^9(F:S+%TVYUEJ+RK-(DD^Z>BF\2$7,,N6UV1Z&VXI0L8#.5?GMED"JMMPXTI",%952"9=3+:3(QWL2W9*S MC1LV:RR>(>HP$B*3N$?*T,(ZRI1$KSB,3)$*R@9!`6D-+BI(H'G(Z5@7SD[R M(E%Z?P\DLJG;ZRE&AI0Y.DO%)-JL+EMMEXM@!$HXB!75K/D5^G.N34MB71#X MW+9&]M.510MIXLD:W90J1X)WRGQAT=J:#?D6+:TNLP5;3D:Y+NB\6T>X)11,95X9E\@DA`;BEA`+ADRG&X MY4:/<$HHF69?$:I3TF@3K#W5^2R^56C9,Y=T7B^J6U[)YHO%]4M MKV3S1>+ZI;7LFY@+8G;G7G^WUUVTVM^U9ZZ%K@L&ZK9;[TO%]4MKV3V,:JM;W8[M6[=7%9X>F\+Q?5+:]DW/:&PF3MO=5F3UQJ6=I7KVL MMV+6[7V4'X#>%XOJEM>R;DCARF473L03441.X=.G9MZ7B^J6U[)XRZ*SF/), MC&M)B4E02D)UR@[3G'8.PEY*2%.64D'#"9>HB\F7K>&^2.@6B%WSI5DNXC`8 MW$^7+'3,A)J1=SO31$4^>/U=LO%]4MKV3Q=-4'J"EO1*J2D'&*F&"BS*FAXT M]?'XO3)$1R9G=NLUFCR-9/REB8X@LXE@Q(WA(UM71(S23@HM$QK?B3$;M6[4 M-LO%]4MKV3S1>+ZI;7LGFB\7U2VO9-S8ENV:>&7M*P[SM>S[3;7*'=2U82U% M]Z7B^J6U[)N;6M63NZ4N>6CK0@"\7?;]_O2\7U2VO9-S9'=&+M&!-W4M=NS+ M^FNX-ZM[T<;TO%]4MKV3:E7ZK!/J[=N4)..,X+.PYT33#!,$Y(BJL?<95B=4 MCS)%FHW!-ZT64W1>+ZI;7LFU+QW4P4AG(OV\'*D<-X*3:4M$2XC$Q#IBW1M9 MRS:I6\Z3<(6PY"H&#=QKK=%XOJEM>R>:+Q?5+:]D\T7B^J6U[)N;5LB>O!2Y M>U5SVTQJ2L.?B+=WI>+ZI;7LFYC+RN2/A(Q%?M_VS[;6HP3:W_-GN3M3O2\7 MU2VO9-SVAMZW6[*?M9C+*P'=BX8&&DNXC@G;C>EXMABP>R;GX7==?"[KKX7= M=?"[KKX7==?"[KKX7==?"[KKX7==?"[KKX7==?"[KKX7==?"[KKX7==?"[KI M_;<]%M_/6U[)N>MKV38=7++(MW-QMFJR]R(MF;J MXFK18]UM"(KW4S:ED;F%%L:47;/IF0DFKSKR15R3J)Z1GT'#DEQ(+(#+8M3W'99R+^-64,X?.%&QV[@2A2[< MR=&F);E,,-@*8?Q7SUM>R;;E;EFXW4UY&!O)+6HQ62>VRD\%S;^HX^/@9W'18L5]V7BV+4]QV1PIO$ M2+Q)&WY9P0UORY3A;,S1T\AMEA_%?/6U[)YHO%L6$S&0N'^H'%?U`XK^H'%# MVA2I?L\X9I_P!;L:_K9D-&[<,25_7L M;7]?1M3-G*6M9_A%V9)2UMVI;7RI^ZM)+HK:T&Z46-BNB3[6VR.[J:V4R7>W M!:K6"1MZVG$_3ZTD0B;AMHL"S=V:DT4'MTDI+F`2C\+9L&R%CK*R#NT&X1UT MVV:UI3^N<;F>0$0E'.[!CV*LS$NX*4VK:]D\T7BV+!_D7B[*`MP3+AD+0)!5 MMDRQ2?X`,*[G8A9N!`H,@B_+BVT%`KEJ7-G[7T4ICF;OK:MJ:LB*&WNXD*[C M+HMCN8.J$?\`\9"%24_MMH)3=S+W_F4$`N.V-@?XH*^O8IP!37!S$&O4#?Y. M[F(WDR;K?U99?^*T(5HTNR)[>2BTQW)D7<9*M7:UJ=?NI254N3:MKV3=/^VT MS%VE#P$S<#B\+*?68;>EXMBP/Y&4,:R^!T\P`R0-7)MZB(F/<@@U0:IE],U= MSCY+-K``JS5RHGZ*IG^/&JX4]*R*8OG,:\>2CU_)!?EU%E']Y7)),XJ\+AAF MDC,RLL_-W%O`ZQ,S*03N7NV>G&T7>5PP[-:Y)MS,*W',K33 MQVN_=,+YN>-9,KFGXZ2F+JG9U!I,R;!A"STK;SIY>MR/VY9V!1[[?O\`>EXMBP/Y&`X5F&@]:`M9:@@,2OU" M(?@$3&./=@V2T/\`S5HE*)QH*NL`^(>>MKV32 M8BIAYO2\6Q8'\CK,(5F$:]"E=M4*Z@PJ.GHEM2$]#'63DV"]*?H3G8Q"X6'] M9VT-!VQMP#.H!E`R9O6KI_A]-6YG2SBWWJ+5Y`R;-12#FDABX5U*2RUNR238 M(:6$"PDP<[EF5NAY2VO9*$0*":J2Q/`JB9Z*8I@K,7-SC/4\#&*0#&*0%%D4 MC;LO%L6#C\BP6P_R`&L%:I!JXP_Y^/YQ"BY$Y#-%1S M%K'&KI_A_@UNE!%L%U1R91NI$PDGTT)%6]&J[AM,1SIJ:[F(`L?46\I;7LE7 M)ATN1?I,C]3E15)-/A/'OG""#>4V4FU%>V7"3A MU:LFDYG(=.()\/<=6&VY4$E+_7C71KM7%<)L2-EIX%E#3BZS-6Y#+'D)(KX3R#U85+TD5 M1-<1CI_+'@I2$R>3-\R>BM\DH4%<-64/_`*[+6'B4/S?_`+Q:I!*RN#'XA5O, MVSZ1=VJ0ZX62^/2T.UZ@YA&L3)(VTV<'^,_\F3@3Q"#JT$SK.K.27+*PZL4J MO!L'DN2V6"12V:J)TK4,M2,VY;\9*1KJU6>D2U$GS>0MY MM'PR=LIN&KNT"\P-IJXS,*:'-XVU[)YHO%L6<8"2P2#,:[>7/!1C7YI:]2T_ M$O8CN)[M1>)0?S%7O`VXR#NQ9P@'=2SU#?+H6ANV#*(WC"E&YY)"5EH(FG&W M!C\0IB]7CW`W-,"4UR2QJ4F7ZCM2:DE7(7-,$HMRRY3.I5\]2)R3R0V+:]DW-JVR_NR7O:+@8OM=VQL0MVR'=5U-/%-Z M7BV+03.K*E@Y@A>CS&`QK^F#DL4XNFXF,V_YI*@^VQVCVDLUHM%"8C&,>QE+1CTY(EELUCR]NLX]BM M`1KY*.B(I:2D()NE'Q5MLQJ+BF2BB=IQAB34&UC&!+.8*/DK:CA$]MQKFOC$ M:"L)`(RC)"VHILO"P[*2C'\,W1$;38F'H<0F'Q=D=<]IL'KQ32%3PMKV3<]O M;CLJ(M`L79/]96L[>Q/9^QY>:N2R2^F\+Q;';#^8T&(5EKN>8?DU8?FK='%2 MX+3:W`XE;+9Q@_'T!+'F<:.J`5E,I2C=3*^67;O[6544M:DU%$C'D9!1SU64 MI9\^<`,C(#1I&04$[MTH4L@_(0KMTF.T`&0>G,M.2ZZX2#\*ZQ+8A+2H$\; M:]DW07=,!;%KWO<%HFN3N9=-SL]Z7BV.V'\RH`HQL*[HDRW-XV_^EAT&TTP;1UO)6U&BN9HPR*0D"DZF&&1QTZ.ZUT>$%FK; MD44XLHX)2$A6CERUMZ-*W;,HT$6UO0SA64C6B<8E;C%1_+L(YFM(0<0HIXVU M[)LRMRN8Z0?7*S;D-/1I1>S)&S=K+,7AV4N]%M\@C,P3\<8B4XFN[;7$W<*D MN1F=R[N)JF3MU;MO M:#D3]JK%$#=J+)*$E:JJMI5X*R2K=1%!9P8Q3)FY=;)XE75(C2B"Z(,7#YN<&,H]>B&`T=)1, M/&VO9-F8MLTJ(VX\I.VE$AZ6]Z;%0JK%4D%*KEJ5U:2+)Y&]-CAH\/F<.4_8=TX=6< M/J7+2H%Q=?N5/#N&3"Z[/_BU6\\*QDD_C2IP<01D6SF%5N?F(X9;F+:5<*NH M`[&)EFJ,28]O-X]JXB2SJ4A%$`BS(\PT=P;8CAQ`*4B\AEB*.($$5>G?)EEK M?2?-EH,XR1V)&:TG!N7FNRZR9P@I.HI-/D"R]K:ESKIK.?&VO9-ES)E;O$UB MG+F+6<@TFL50HRS8&;26:.U3OFJ:VHGAJ)@"BJ:16[I!TCN2\6QV]3,KA/*4@'PUW&;G:S-AFQC:'T6_==A%!^$X@:O\`RN)@,Y_*ZGY#`:09MSPD M:F!+4ILU6=GRFK`<,IAK`:RFH2F"EV+ALXP''(?'`<,!I%HX<$68N4"-6CAZ ML=(Q*RFK`<$&CAQ1V+E-H@T<.ARFIHRY3Q M<@X50C%&[]:-DA(5J=.$Y61$S:)=`=E!KZ'0WB:)(-SK,6"B"^Y+Q;%C23&) MN3Y?:%?+[0KY?9]7JS@;EE[8:VY"M7$A;P#U2*S.+%BU7/;.:M:QX#^S;&H. MYMBTKW*L-0%;AM,ZCV4MUP87\+1)B-31DU+=:6[4.^"/>CT[GZX@:;0NJ.,Y9S\8],*FXN)L-TMKG M8H,W5R1[LBI2%4\;:]D\T7B^J)KKI$\T7B^SR\7V>7B^SR\7V>7B^SR\7V>7 MB^SR\7V>7B^SR\7_V@`(`0(``04"_P#CDUB9B,Y):BPKTU%@25T%E706%=!9 MT:!"CPS\E*-WZ-%62,/E4^#9;(\PL*K.C$1;)Z".JJ@1-<0;$7<\LFHX!J@X M0;I+MBD)RP`T,B5-`4E3(F\V8Y2`@W>NZ1@D*2120+N5VK9R"T%A2Q7#00$! M#R2?!LL5"I.#,E24LF9X3\%.B<`7/^I^\*(O'17:B^4Q&2ITU6:)1Y!LFYR/ MAQ\W"-VJP[X0`0DD&R#[R2?!]+6,)$D0+',O!9P@W*I/-Z/+22E&<2!Z'6&L MIZ#F`HKN1)1)A^2DIUF:B*)JEI0PD)*`5Q&>23X/I?K39\^9IM9PI"+RKYQ6 MD7-12@:C)"D&1$P`CE*"A,IT#)&$!*-%3TC(3+E&G,T33X/IN`8^ M),X4JL=8^.-+G$YL<*)2A0!3QP`/*)\&Z*0QQ7:JMOHJRVB2-P`QTU$3!C2O MY4`V6B@5,!65*J4=0/+)\&Z133X-AO^5<0Q%)+(B&=)P5/+IE,4Z: M>DU-E()"TH0I4Q`*.DGK*@12G)$R#]=3X-CTK,:M06*4IVM`B0%3HY"Z:0F!L(B5H)J%OFKEPRBU MS5R^_3_V/CI:Z_[1805<*):D@)DG2:2ID6BI"%:R7[IN`E;H@FDT?`4YI`!, M]+QO%40=?_N/6.%%/E'JB155/<%0$RR8@"Q$04=H9"-DSIF9M/\`2@J=(JZ: M(H>43X-DJV4NM1G&:M4=0ZPG+S`T#DP4"XT#@P5S!J%QB`+B!]\4PD,HH=4P MN%1*HJ=4W-+XI*J(F%=04]0^F1VX3*#A8H'544+KJY.>=8@82F.LH=3FE]0B MZJ9CN5E`4646$72XG,[<&`ZZJ@<\ZH%U2D(LH0B:RB0)+JHTJLHMY5/@^N^E M&T#U_B*L&C033$0-J*5JK8YU1$IE2`74*755&M57'45&C M&.<"J+%`%%`HYSB`**$*85#&U%<=5;,45"@*J@BH*BE9#UD/60]9#UD/60]9 M#UD/60]$SD$#*`!A.8N0]9#UD/60]9#UD/60]%S`744Q'.)-I/@W4=BDW'35 M9^313%4XHJUIJ9P34$!35"L1K$:Q&L1K$:Q&L1K$:Q&L1K$:Q&L1K$:Q&L1K M$:Q&L1K$::B.19<4JU?\NL.8CC.8ZXD$KC&L1IV(UB-8C2:8J%R&!(41"E$S M)@5$3T)1`FTGP;IL\2*ASC5NEY,AL@F=YJ*J4%0<`4IEP-Y5KP.$C*E.F8PF M24-6D:C)"<$T3$-3OQ05*E6J!D^8*-9R92.,@B`(G&C$,4-%2A3,4NTGP?0&ZI4JY@E)*` M1,RR8FYE/%90IR^2:\#DIS%HZ)Q5T3T9,ZM$15`U._%N8A?`RR8T)RF3!PGF M.)7-1D1*<4,"#;=[]/@W2BRJH$=N4RF M>.3E\FF?)0N@`VN&*JVH!UPKF0PYC]13@4HN,:%8!H3#CO6O!MN]^GP>*!0, ML($`JX!B"9.7%J5.@;_C(36!,JUD.^33(= M+0(`\NG2R94_*->!Y^"UB`*IF'$3%*H4#D/3OQ:AB%8!F4+_`(B!_D.'^#:3 MX/$AA(85AHRN8`5,`"N(B+DXUJFS\R8*UC5S)PH%SA6N8*`P@3F#T+DX@=03 M[_`^7$]?JH9+1E2G5% M*9@(8JR8*'4`4MI/@\^D4#&T=2N M6KEJ.ED*#<*Y?])FPEI-`5`!`N30"N5&A0*-'1$A`0#*F@*@`V$:(CGH&WY, M&!MEKP")M4BR@TJHH007-1A/JD4/C3OQ(4@@9(`1*0F)@)I`1/.8":>TGP;E MLV,Y%\T3;%;MSN5'J;9$WDB9\VLK0*JC6NI0G,8!56"A64$-941*J<@:QZUE M*UU<=92CK9R:RE`J)2:Z@44YBUKJ4(XCLM>`2%$V@F%:)*TT@K_$6BD0`:=^ M(*&``5/6H;#.?+F7HXG$NTGP;J4_U,A(U8%!N_0\D@?344%`U`='.&A@F*8J M9B&6`R&/^,H?X*,*&"^7/OFO!XG`X.,AM0I5<].]HXE.F!B9E#%%/:3X-T\= M)N"-7B::)GC=)'R1LK:LK:LK:LK:LK:LK: MLK:LK:LK:LK:LK:LK:LK:LK:LK:LK:DE&R0M=2M92M=2M92M4^4%CA6H;'74K7/6NI0K'$`6 M4`IEE#450Y0UU,-=3$53B.LI6NICK'\PGP;1%$P0,LF>A6+KC+ M*&K64Q%=4:YA6C&,;ZZGP?9Z?!]GI\&Y:(M=(6S-TW;-RKU(-TFX_82?!N6[ M<[E1=0C9&I?C^PD^#N@=#]A)\&TD0#CI&-6FIET%L=$XT*> M`';X5I*8Z*E"0P!]?3X-I)33H%BZ9EDLIETS4"J5*JE.8713&%P42BY+2ZY5 M"_7T^#[/3X/L]/@W+=HLY%>.70)1V:R:'V$GP;E-TN1),!9,&+<@%>*Z\=]A M)\&YC$40*LW*H*,BLBD=Z/(^2(0RAN5<5RKBN5<5RKBN5<5RKBN5<5RCFN4< MURKBN5<5RKBN5<5RKBN5<5RKBCH+)AYY/@\^WX]G"@;J'HL:\-72WU9&A<48V&Y)^W\\GP;:9],_,CB9;,F#HX"1R)**O@7F/TJ*YP\@WX_Q7XK\ M5^*PK+64U?J"OU5EK*-9#5E+0@4*_%`!1K*`-O/)\'GV2>JX^/JU\?5KX^K7 M05*Z08E=*/72EJZ6O72UZZ8YKI;@:Z0YKH2]!`K#70%:&!6"EV1FC;P3:G40 M;HB]2,FX;O\`\T3\`D`]2+^_=_NDORP9_A%W M_I5]C'.,&K(R)?&%_>D_V%]'`@%9BY\@5+EP:^>3X-RD^<($ MZ@;DO_,HJFH;R4'[KX__`(Y7)S&*04JL`T"A\QP+1$C'43X/`0$!\,!V,A M\-@`$?(PQRIR:Y7\2YMR\7+B9-+Q M1J"6BJ)/1"=.[Q63N!76Q$H@65_:>!7``',$KF`K6P.+HHB54AB\R6A_(^43 MX*;_`.U,@GK32PT24L3^3_H"C48X@FV27<%Y)U7(*UR3H![@$6+)J!F M-AAX)@)4[;!49IS).$#V^H:02N-`J+&DT]0PI)49``HR10$A"G*9$H45/0I%SF2*F<$"C6A^3HZ8 M&;!B+8!I1,4Q%(AE-`@5RHT#?&@)BIRX%KEPS((D4(9N7#EP,!T0(EH8E,V_ M/+C2J6GL)\'GXT<'BCDM.#ZBEN85H5E!K74H%U`K4-F%901UU**JCRS>M%`M9$JRF+3C-R ME8X5G/FU%*$QAK.>LYZS&&LYZS&K.?#.>LYL0.<*$1&A65$V)$R"J`AS&0IBB0#+E23I8A M")Z*8%5(4B(($QRDH4D0,H3\Y":NFEE%!.LI-1)(HF*B3`I28%12$5"%TP0( M)U"$*)TD]A/@V4FQ5$R-CFK04HB(F,9(Y*.D3-RZE:"E"@(%,W,`&?MBI.1;":N2*:CQC&`.O]-``F'PP'8P'P`HF$2J&H0$!`!'PP'8Q'"A`0H@G"LJAC>&&P MGP;*+G2KF"T+D!K5)J*K`<-=+-S!:UTQ*+K&N83QYDN?F"COU_RTT0H$@K+E MJUM=>-CFR1T>20&A8H9&YCLUW*QU5L3UC1A)6)JQ/68]:8A2_P"VI$V4_P#@ M&L4L"BD+C$FIB@(B9'(FH4$_\($**>J!TZQ+JE,D%"*(T!DAK%'`(%$:RCE`HF\"E$YA((!LI\&R!\&XK$K53*`J`8@*)UFQ6 MS)T*I:.N7-KD$16+@/T*3-D-S"=*+$%,BI-/73"@<) MA7,%R@L0%]4-4'!,2K$,9)0,-=.M=/`JZ90*NF`"L4Q$5DR$URB1):'T\F(@`25^6M&"[[JJFIQ?UX.* M5N"Z%Z,[E%*U'E$>RR5)7+=;>FW<.[F],^ZJ-1=WVW,#Y6?]VV9Z4Z-%$87. M4$'4K/O.LR96$=,/'L00\\YAX09UZSAE;AF(>7FI&*G7#IX,\H>XT)5=[,$? MQJ$FW#<#Z>1?R+"+;RW='-4C(RTT8B9$PW*B*2P1D_<$)41W08+"@NBY2\E/ M>[;-V,'$A"-KJC70QCQO;+HX'7:23512(:F!&SK:63):]NKVTQA]9!S=D:S> M1USR:J9;PG'L%S5HD$@[@?3R,P1\:.@"CH)>"BJ:0,(V9EJ:=MKF<4CVI;43M;;85_5]JTKVPML`7[4A3OMW=;6 MGK=_%F*8IPHPX%2=KLU/7R4][MYH?3R"B::R;_MA+MUY)B^A).([>W!*5$6- M;<.-2LJWAT6%S3=S29G,FW55E#+KW);\Z["-NRX)"X$%T7*1BE.66[=6Y)#, M652GO=O-#Z>2T$-?QN%FTG)N-B6<0U`@%+$-4FR`IB ML67CHV00M^=AG)/%-!!$WDY[W;=.'+=HE#S["<-OA]/*]Q;P-`M+4F#P$PRD M6,PV4*D8T>739G1!>KHN1I#LD9209O[4O>/N)OY:>]VW4I`QLTIVW``#?#Z> M47*N8DUVP-*+.^V=V-@B>W]Z`^AX:\6K*,.NW:22;.2@43&@61 M&M9&@.F81.0HZB8CG)0*)FK,6M5+R<][ML8@%9R>&(4`@-8AC0F"LQ<:S%\` M$#!N1]/(.$47"+.%(SRC(W6B1DBDV9PTHT?MK=?%C>F3"I4H%3#R4][ML30Y(W M(ID3DG_-2BIFDC"+/BK"^6079O'_`%&X$#+N4G:V+!VXJY M9E@W;UTGN!]/JD][ML&*4Y101-7)I[>:'T^J3WNV[YIMK[X?3ZI/>[;JY[A3@ M&5JH/D+SWP^GU2>]VW4U:\\[N!%"Y?F.^'T^J3WNV[",CROM\/IL.EC-VS6X MGSIJWFE7#Z#GT)YK#20R[2)N%I+NW-PHLII6243F`N%T[4-<1P&:EDH5B@]* MZCX.5ZTP<*&10C)4\I%?*_\`T#V;Y0S.3D5G<++FFFB5S&5BF+@SMHSGRN!^ M0R:C9Q-&0DWTN9E)K7*[154N-4A(^0>.E_*3WNVR+\4%^N.%UFUPEP5DW9XU MI)E=N`>R**)YTB:2]Q)MP3G#(B::.5PG<'+T6;$P[D?38??L;2:2/2(G^21J M2D="L9`65ED0D+>?2,>C)W+&NW;FX;%$/CTVH1:9DSO7]Q6D=9LA9:B:-J./ MRUMF/DU;=_\`YB7!*^"2;WY):C&17C613%LI@JDC%/$U5(QY*'96Y*E=NYUX MU>MKFN/W.8C6TDO#O90DMY2>]VV5XH%U@B_U(0Q4!-'$%BUC4VJY84E*0*!Q M/$)C2D(V5H8-`P$ABD.K#)JM=R/IL+H).46+!K&H$A8U)9G'M(]M\?B-)_', MY1$L2P(]%BT%ZZMN%>.%82+6.UC63)88B/%U\2MX"*HIKHMHMBS9_'8?D7B$VJ%M0C=5I$Q[`XVG`#2D1'+.G,4P=NGD4PD%9"(C MY06$4PC`\I/>[>:'T^A"4#`B68;`)9%>-5&2"C!-"UD3/47IRRRQ'Z"AWC(3 M\KN9[W;S0^FPX6!!(DLEF++-M0))B8ZL@U;J.I1%HN618G,$DQ$O4V&+-^@] M(K(,D3]38A75&FJ>09IJ%?LSE+*M!6&58!3A^@W'JK,547B2ZFY?+*MV_5EQ MH'R^MMOG*[6NKK:22YSN]J>]VW5S7*^CWZ5QW%$R^^'TV'A2'0%FQ$1CHS(5 MJP*DY;1SI5NU/>[;J^` M2D)LAGT==&^'TV))Z2/9DDH\Q2O&`M5'K$ARO(X]::=::=::=::=::=::=:: M=::=::=::=::=::=::=::=::=::=::=::=::=::==Q2EZLLH"5"X9J1WP^FP[;22Z M""4N\75'?3W MNVU*J%;O,R*46R<:[!))XBS3#0HPNU(^163:23P%EJH[H?38,0I MP<&BVB__```:B@U%4K-H0H-FQ5.4:ZA6C4JAFS8]$002'E&N7DF=':-5`69- MG!RMFQ3G:ME#\HU`.6;T#-H`*-VZIS,F9ZY5MF(0J9?#N-[LHJ1+P,J0HZI, M15(4=4@^';7A\'<@U8C1Y1F0$7:"ZII5@4J3QNLMM3WNV[Q'?CZ;,U'.']!" MNJD&"KMXC%O"(F@WADXQDX;.?)=QO=G1#F+1T3BKHGHR9U:(@J!J[:\/A,MW M:PTWC'J0)-EV[Y2%?\NU37YO:GO=O-#Z;,Q)+QZG7\R;N0!JX),)JD-<"``U MDV[M7Y"TP+)%,U-,I%-U]'2+-("+>43<-DYC,Y"X&PD0?MUV[E\BW:C-H9%) ME!*AG$\.M)5(21FRS>8`PH39])K)HNU^XWNSE11,/`1`H%54%%-CZ;$H0RC5)62"CJRIJ34E@7E7$B1VMSHK28O^:,N]R9YC,U7D`C MTEY,RV9V2)U),Z^I,\NHM*D%(7@1Q3ORG*I+&2=*2(1R:\AS!%9-!)`'>I'. MW:C[P[C>[;?;7AWT][MN0]>WW[^\KN%B:W'-OP*N]'TV57**!NK1XE&2:9T) M!)RX"6CQH)5D-.)ID@BJ[;HF"2CUP9RK5V15\*9]UH(ZOAW&]VV^VO#OI[W; M=,XN/CCNK<@WJZ%M0+5;>CZ;+QF9V*<`=1$8E021\6#%9G#J%`T"+111G#`)YL$TUIU1$REQD*I(*N.>+.B8W6E79XU^,@CMCZ; M3Y\Z;/PEG)R=;?&J*?+O?*=QO=GHX%K$`53,.(F*50H'(>NVO#X7`<$C_P#G M.<&[-Q_SW*F#%L<.K;4][MXN6Z3MN2,3*5O'@W.:-;G5)$)$(2":$H8Y`S0T M&V.'2D,30+4Q5(=HJ!HE$]&;D.ZZ(V`20;1,[1B1H;;'TVA5:BN9-I0@WQ(" M):SD&LY,HG(%:B=9R5F(($'K0F*4!.0*$Q0K63QU$Z6=(H&3'PD';)N>M!#*Y*U32,LP*@@Y: M*N=J>]V\T/IM/XI9V[Z4Z`H0+@*0CEFC!*'[")M8BR@TJHJ0P M.#483ZI%%,:[:\/@Y<.2*HR*BLHX]VW,Y/-X-* MTKB?SR\U,M8-C:[Z?DT=Z/IL.P;"W+&QQJ-'QZ931+`P)-&Z*A(V,/2<8R24 M-&QY$UX]HY4"+9EKI+(`Z3'@F6+8EIK&X-.6?,;T?38F&W.,F1)=$3MI4S4Y9<5'Z M;U-GR[I"+41EA+_SG*N,L%-R2VI$:_*;[N-[MXG`X.-,VH4JHGKMKP[+,CEL M_.W=Z#!!=-]M3WNVY#UM>WGD(YN&UWKR2;6O-R,KO1]-AR9R5/7G:UYVM>=K M7G:UYVM>=H%9P*U9O-KSM:\[6O.UKSM:\[6O.UKSM:\[6O.UKSM:\[6O.UKS MM:\[6O.UKSM7';4]/N_Z]GJ_KV>K^O9ZOZ\GJ_KV>K^O9ZOZ]GJMJ"G;>#7G M:UYVM>=K7G:UYVM:=K7G:UYVBYLNS/>[;"$DU630E6"Z9WS).CNVJ8H2;5PA MS37.K(-DROG?))$R6$DI)M2)S+P$QF7!:ZL]*+P5V38LNX M$A)=^%$D7)&1))QR8SC@"MWRK@D:NJLLS?O'!2RL@B24YSED9A\0IIEPF8)= M\-=9?USKW([=+`Y2E'`J$F7*@=8JO5Q)+N%J8**.D M^M/*&1=IGCGSEVIM3WNVP,.]%-S%.U*&*<8)QLAS*<<^*5K$/$A;QDB)WJ)I M5E(1#M M]VVA<(`L#YB)%IQ!".2D6RE-I)FZ`SYD6DW::SII*E7:\TV`Z$JR7+NA]-HL M6S*8&2`..EM`H(IB`C%,Q+TED%%BV93"P;&6/&,U#<@WR=(8Y0AVE&B61A)& M-$U#1;)19&+9-S+,6S@X1+(#])9`0D6GO=MIRS? M+2R$6];46,7-&!#2Y6:[!]1(YZ@A",'+(4HA9I'C"2&@HQ?F+NA]/JD][MYH M?3ZI/>[>:'T^J3WNVYDYF-ADXRZ8276E)J,AB1=SPLPKO1]/JD][MN9&UH^5 ME)`K&0O%V1.5[CWJ@C%3P^N\'T^J3WNVYONYW""L+<$9$EG\]O7I*O"7G<0[ MT?3ZI/>[;D4DC#HH@)B$4*DBB@&]'T^J3WNWC(I*+,RR8LFTD_D--Y++I."2 MK@'`23Y\))$[Q9I)NDA[>*Z"3I(\-'*)GB6"AAB&`G&-8FKH[#(6.9$%S"ME6[EBU>%+' M,BTVCF;0J,4Q0KI3#3)$QZ9AAHX2HMT6^X'T^J3WNWFA]/JD][MYH?3ZI/>[ M;FY96X"R"[ M;F;N.,@21%ZP\NYIIV] M'T^J3WNVYOR5E57$7-.6)).R(J3D&EJ)&NW>CZ;#ERW9H_(82OD,)7R&$KY# M"5\@A:^0PE?(8.OD,)7R"$KY#"5\@A*^00M?(82OD,)7R&$KY#"4VEHQXKYZ M>]VW.(UB/D!]-B;_`&F(UB-8C6(UJB%"H9$KZ\8)@"_3`J2A5DML?38F_VFP3*%=P M)5VE(M6B[P4[,FS4YLB7:"YM^58U'R+F->1BQ%F.PY][\]/>[;"EOME3#;Y! M%U`$GA0635A2G65A$E2O8X[XCZ*YUPXAM8G2#`F$+@4((AC$A"A2" M0((;8^FQ-_M-@!P"0A(B2!06%OQ]OR,+.KO$XHC*T[G83;8+?A%'/Z4R[#GW MOST][MMKJZ"(W"WT2R2BTH,P=%^M-D0;=9*BL66*M4>_+()[L?38F_VFP(?I M5D7*1EG7-E2C(=)PXY1TFB1G%466='I'_,&PY][\]/>[;;YJ#UMT),4D8P$7 MJMO-%$W4$FY%>'SK=&`7+)ARBN['TV)S]IB6L2U^*RFH<*S@%*R*!#J2K1$P MS#'!6;:F4!7.0?SX?FL#5E/3H,)OST][MYH?38NEV1A#_P!LP=?VS!U_;,)1 M.Z<4I0]QXP:_L:+HW<>.,8>XT<>O[#CJ'N2Q/0]R61Z_L5I7]B-*'N3')U_9 M\30=TXDU1-S-KAG/![<#1C+S?)431BTN*$(M<+A-O%S:T MD>5ETHRFTXIST5+C)KH3YUR?*SE8A^:^0N'*JEQID:H3JO-PLN$TS^6?^G0D MWYW2%SNG)&#Y"29;4][MYH?38[F?P?P]*M[-UDGX*`EQ!,,6Q"D3\#<9N$:O M?_2:DS_BP38NZ$0*"K:7EX^XWH2MJR"#R&F;/_13K_,I(G+\&7`0L^W/X_)? MXKQN?][;IM=S![./Y./BTH&X6]P!O1]-CN9_",M9:S?ENJN@Z9R[M9+ MJ3BH)4SM-,N4M8T/&;AQS!>RHB`Q`T,49(>W*X'DZR8M0M2!*9TU0>MVC1NP;OH]G)(,8.,CE7D!%/UTXF.18$B8 M]./003;(NK;AW;AQ#QCIHPA(V-47CV;ES(1C*510MZ);.&$4PC*8Q[2-1VI[ MW;CZ;'GO=MS)6G"2SH;,0^5X926`P>L&^]'TV.YG\' M\?\`[Q2:IF^BXJW,R*:RB!$3G33+(OP;,375)!7RR1HUW28EE94TL`8YJ[8_ MR*EE01(E*-U%D)-FX(62CS@]D$63%.5:'6Y]CB,BP*5)<55/*3WNU"(%`AR* ME\"G(:@$#!6(8\RVS^`F`H"(%`ZJ28[L?38[DD.I92D)+)!TF1"E6JZ(Z:H# M:^HFPST.6L2XD;M7C6XHM((OI"T*HH MJ,*Z,/15``T691H2WEDTEF#I%8L$XHA%`TI(\LJ]7TGS]9<)P&Q'!W*[)GS#LBR; MZ1760EI-:DUG;I:(=++'V1]-B[QP@I13,3\C5U@=N^*HH+E5Y'QP=073I^]<(AV:=JNKBI^\*Q;)2+\11EU53(R M"RA';Q9JLC*KG!LZ75 M[>:'TV.X0X6BW5=(GCG;A8'<>T?'4@HTA.Y:8`\,-%+0%KL]B,!C6:@.`UFJ M5-_P'0@%2IP%;LD.-S5*KJMFB$T)4_D38M)OUN51D5GS12762+UC_$SDROE$ M9TQ4T9XZ8LGY'I$Y%R@P-,.3B-P$RGFP3I1T4C,)M1Q0S:HMY:4>,G:,TOG- M-G;*M955U(&F#)+(3PZ76R5'R`/P\9[W;S0^FQW"`QK11AY%1.(C7J5"V=`9 MRFY`.Y@G!X(8T2E,H#VXN:)A8;Y]:]$ONWU5"R3,R?44Z>.TUVB\(NLI*AE> M=D/Y+3ANDZ2Z.P`0B6(45@V(@6/:$2&(8#0Q#$019-FYS1#`P=)9`+)B#.NC M,,"1;%,0B&!2J1+%0W(HZ!(QFD3H[#!=@T[;F:F&L&PMUY)O;SO&Y1@VME(QSQ3[*W#FE>VLE%+)1O3$\!IF.5VF"AVG^2OUT&H%7`T<&F M>RK=PA]VW-U1-POIX7EQ?,)I!N^ORXV$?$7$ M/KO!]-B\PS6^!1`!K&H#',4E:9,2G3*;N'E"429TFW;I"#5K0-&I:*@B41:MC&%%$Q0: MM@4%HU$PMFXD.S:*%(DDF9**CTF_+-Z*S:%!"'8H4HV;+',S:&HZ""E'L-#X0?"7TH:O M]/.^RY:E:U!34@6CV2#H<[1H6;+71YFH-$2Q4;[U3]#*OU%H]RLZE#R[L$P7'EG)6S%R[73:R3\I?&>]VV9 M"<79/74ZV1*:78E%U)E01;R+1R9K).A0ZRPS!,,A*G+$5<(S:*IRSC8R[B:0 M(7ZY&/BU& MBA8F0T"PBU=)>E<)0`I@6&?@F$`L#8(1P3=#Z;%U^S8%K`M`4HC,WTC:,[<5 M]OYI\%S3H"WO"<*>0N'GP57.H:L"B!`(`LB_\8,03,5*2U"1;N3G=($4SDPSDP.H1,$5TG"6Y'TV+ MM,!83J#:NH-JZ@WKNBIJW$P,)D!]"\2/^G89_MBF3`F5$U2:AD3=L5UG%R4J MLF@7$*Q"L0K$*Q"L0I-RDLEB%8EK$*Q"E%TDC)N4E#++I-R%.!JQ"OQ2BZ25 M%<)&75621K$*7<)-D".4CJ8ALSWNVRHT,K-IQ;K`S!ZLHDQ.B[48OLI4#$B^ M7>YD8YP!FL2MI=*=$3)%+ZK1H=)7U5X3K M]AV9NI%-#L[-4'9R1"D>W\L0B]A7)J?`[HKX'=%?`[HI.#GR%D+:NER<+3O, M*5LN[%ALBTY6#F*?MQ=(EA7PBRBW:3YTP=@\"(?'!:&?'HT,N5=6,='A^FJA M'*0KL$7$8\;I2#`YE#1#X:Z0]*=>'>+*K0[TYDHIPBYDXMX[>%B7!']V\T/I]4.BDH;S0^GV>/I]GCZ?9 MX^GV>/I]GCZ?9X^GV>/I]GCZ?9X^G__:``@!`@(&/P+_`..2ABN?F;/Q1H6: M1\LIX,8]K=8WYK5\<>TO73Q(/)$W73^O']I],Q)UX?K1[._<'&AZ(]G?B(Y(=9+%]H@F<(=::S2:X93,98V1M$L&53&:_4@YEA[GM]HUP$/O- MMR:1YQRP_>6,+FAR!N;A*0#:;3G^%U/*"/\`3L2WZ3Y#D&)A=[D0F]L+1Z0FWGR,>"-KNQTE1(96GO-.DG@Y?A;W7A7OEMV6S7?&$W9C[O[( MYST1H"W;'*X^01I7W\@`C2O7C^N8^TN_3,:%Z_\`2,:-\GYP!CVK+=P<&B?+ M"7PZT[Y0ESB*[9#F\'8+P%(&&>!O[V&WO+4(7$31#Q_`W\7Y,0X1L;5#[(PJ M51P2Q$/;UA]N#*D:P.;BA+/L;7._H$5O5]S.Z9[$RD;0)L4(=/F`XY%K+'''Q0K_`+$Y1SGHA#CV*]W&6>$F M1#@S`>#M)?!'\7J%I$SW]Z0!0)R;XU/1!;;;CE,R>.!2M>7X,_B[I;I M*R/D_(6![1+#GPC;`A2T*.'XH8VX\!*<"<\U&$L\7`).N-4\8P3CQ@W"Y6N0SJ5G+(IR?`W\ M7:AOI2YPD!V0R^@UWQ07@8-!^DV7AAK6"\^85YY1L'3`('[),*W6%/*K5@_2_F2Z(:RWE MX'<*98!I=[L MN&7'C_,1_%W38K[+-\$#3)3!MFZ-H.`^.&72Z3^#G@->=$Y?'%"K*&O=YW@@ MWV'#)!OU8%$2![Q<#'G(B\\7-,>S\,;,2C9/DA2-DJF`TR6-B7ZUZ:9H< M\N`LMR_%&T9<#@J8(8HJ62PVQ7-XS`^V^H'D^"OXNVMANNXGQP:SZ*2SK#G,U03 MX._EAUMSM5IYQ%2\?*%@(/9HY#Q-R\(@M!F`O@7DZ8D9H,A\[#XX%!R-7E&/ M@CE$^"DGR0MO"D[M^=3XHW?];QQ=W1^5VCP.3R MQ2_5#03Q`1=8QQ+SIA0F'Q0+C,1>^K#KEO[%[VD>4:0$C>`<:1!=<):; MI0(%D(9O+-5X\(AS6ZTO%`XX<'6P2N*F._T8T\*:JDA'VPXT#*8L_-; MY8?3G/CC=5]"#8NJ'%QB_*I@<,>/@B]0P-UIN(BNY-T-:3HMPD(K>=."ZK2<)X15 M;*.C9+[-=%N$"VN@#F$+5/B'1%0QC:O*OC M;5>T3%!!>PH3C^B*7'1!S"*KA4B!<)TQA(06ETCC(0`\R;A&M/.@7G@VP=!V M.$&VTZ!Q@M89'&"+9D8]H;OS02-4]R?Q?D!(T9GI"P,YA4A6Q4$R^",(1(P[^\1/!84" M,(+C@`OBZ84"1@!)F*HP@YA"\7AA3G[E25C'*.8E(=/2;TIX>X(3.$4Y>=%A MKLZ^#MW\7 MF`XM,N/.L:G@/!T0M)\/!T012J\<39X^'IC5./#F2,#&!C`Q@8P,8'FC5/-& MJ>:-4\T+03+A@"@R3/DF!%-!Q7+&J>:,#S1@8P,8&,#&!@MH,^.`2SQYD@,I M,N/MW\76*R21-.\<4;)PE\4*09>#BX(HG^A4C#11._E,!@[^+MW\7;J,(+$TA%) MUHTQ%62-&-`12,84X+\!TPK4/BB?!RR'C6'L$FK]8")+/#XX52G_`%?NQ4L_ MT=,5E6*E*)Y%AS23(@<\ M*3@WHZ8"JIGS+T1,GOI_>C$U)Y"?)"*<4Y52%\Y8**!/ZW1!*E1T+"=D\?<& M]W?Q=NY@UE;Y8>YJ.8XF7I!>\Q*;:HDB5O\`I9#/P<,!H0-K.8^:/'/@6%D" MK,WHE?CBAFM6#X,>2&F2*V?#5/P0*L=-,,5_3!I&?-(U<^'(GP"4&E:0B^(0 M<:^B,90I)A%*12IIA%*1(F)F%4QB<5B1,$`XPBE(0$I&)C$QB80$I$B813.% M./9/'&GE[%)QI7D@-*J>"$RX7#HD89_CS=@."U!I\ M/Q0&E%QY@B15A+CRKSYC`:PR\OQ8=N_B_(+EUI)"DZ$_*GBBK"$)"SY@L_!& M(7XT@$Y8*$2[_)%"C!?+&([UZ(11X>#I$8B`Q1,^5(QT@3X$Z811DSY5Z(HQ M,48&`%"E?!WX1B.]>B,0>\=,8A$Z>@Q4>3G'3&CFZ3Y((:=$''FZ8J/?WI!X MX!9(+,]^3LU'`144VE:>%(#3XL3/+DP[#>RZJ;DEV4.K#FE:0Y.7C[= M_%W-2"AA&`DQ[0$?!-'.#S0LE[^F*1A"E.]9<4XX?C6`L'"D]_/%>6,G>O28 M[^#H$)"GORQW\'0(R=Z],+"C+&3%<._/&1?T])COX.@06/"]YZ808=_1"2[U MZ8R=Z=$(>]/TP>.$RK9&*I5'O\&2*L4EY/@?ZKO$8-`95Y)1YO?3_`!03)4Z?BC33 M'RCR14*:J?JG#E@5(JY>-OD6)4(DN/*L(*4_Z_BA@;JKT05`K3I^+"'(&IDS M8]$+HX>3IPCS47ZQ\D3IR+^S\<-0!/C,4&GO<(P$_P!WC3&'*)\7OL\@SPXN&SW=@ M7C^"$C`0B0J=\NF*G9XPB8G^GHA,)P2,D*F$',([^'H[G2NCV3Q]P;W=_%W, M"X5`BACR&B*7/-)^"&2J(-"T\?%T153-)^#HA$S>""&"1_AZ(48K^\L^64!Y M&D#GR12F58.C(@Y<\&6/#W<\?<&]W?Q=H&NPBTXX''Z4!`$SC`]^6*B&ZI^< MJH.2';0^:$F MO_5^[`I^"'CAI7+Q+Q<([#@XA'<)EA(YH8YQ7)CA-W..',(=7-A!RF2`0P'& M67@*R\O!V&]EP29'>.7L*CIRP$IB)>;X<9B&RT2QN3OQRF`N*^3P]N_B[0/; MB("`!,.":PB-`BG)21SS@E&SQX5C(OQ)XHKRHG@3Q1(!!AP)^F)HDO`$C`=$ MD\4#"2?LA!`D*DQY$@LR%/!&`X>&2052:^&`$``S>3L8"<8""Y@5)89H!0J#P=AO9=1*7>.PJE8#6]Z MP6KA+&`78>+MW\7Y"`FOQM/DC$B7-PQE3_KZ1#",`>B"W$Y\^/#PP]Y)TLN4 M3C*J2,NL3X04@-[]4#L'C@48KSRZO`C#/WY.S48<[S7'-PX M814V7!S+XY1K=\_W8UI?HZ8J7O1819R3E7O6*UDB^+I@@F8$*N/2!Y8F=(D> M%8`4U*B&%ZT.:,V)'/V&]E MA(Q>A\$%^6KP3Z(9*1$^;FR"`7"6 M27;OXNYV>+H@[P0JGXH>6L#+C?@=?`?%"M35^K+PPHIUOK'R1.FJ2X<&'APE M#B^E%\"S3DAIF/,Q^L/(L"I-7QMG!)I09N$D>)#R0[57DZ/%RQHIA MD[N>/M!=(]F`?%#BX.IX,FD#+.N)S0*P:E:>9<>'I[#>V:&'57R0JM#U!*82 M)\D2RT^`(>W?Q=S8UBZ,'=MX"V3!L[FTBK*?@>F2!SQKO^C_`!1KO^C_`!1K MO^C_`!1KO^C_`!1KO^C_`!1KO^C_`!1KO^C_`!0E;T^;_%&N_P"C_%&N_P"C M_%&N_P"C_%&N_P"C_%&N_P"C_%&N_P"C_%&N_P"C_%&N_P"C_%&N_P"C_%&N M_P"C_%&N_P"C_%&N_P"C_%&N_P"C_%&N_P"C_%&N_P"C_%&N_P"C_%"*_P"C M\<8OYOCC%_-\<8OYOCC%_-\<8OYOCC%_-\<8OYOC@:3PGR?CC7?]'^*-=_T? MXHUW_1_BC7?]'^*-=_T?XHUW_1_BC7?]'^*-=_T?XHEAVS^+M4QEY%A$."Q) MIYH4`HL4>>J0J%!$Y2)YH14"+S0K9LSQLT-48%#&!E'#!D9=VGF/BA4\UL$C M)F[^]8+APQ5EIZ?T0C@,D*N3R&,B+,\H\D+HXKR)TPXD24?'SQ(Y#W^3RQE2 M)+E[^_P1-`$@8]'!QQCATF<4X"D=_E@-"E0?!&.4PVF9,%!*J7?Y(7Y73T1F M_28I>%$_%$LB#PH8EG'A3IC$QB8:W.OD,%4UC/F2*I]_DC+WE(QBCS4@''O' M3`76QX4G"G"?ECB7Q9(H'QQB>_I[UCA3RF-$K/MW\7:X]]">.,0J,Q7S1W\$ M8^:P$#QI"`^GGRM0+PP9^:>''.BRRP)X/&&"(D%H.BJ#BH+5BFI3/(9J`)? M'!;BG=Y(D5^:L31.QW\'3"\4+%0P1?'T0H0F7A@C-&2.2$*15`"X\'`L`JDO MB\L5L.DL<3T=/9PA1C"G'X,_B[>I#3"4E8=972:(E/1!YX"C$` M\\:IBLYTYHV;-)_`(5"D(A6E>+X$D49!&3L=_?D["13D3O\`'$H)S]B6"=A# MA%(@@X&$&$)"Y>\PN4=A9?"7\7;EJZ2<.?F3RPX+K%_A+4\47+C3B)80ZYO+O9-$@W]$'=@?:CI6'NO)6?S#?Q=RQC$PHQC M2)/YAOXNT!=AWSY,85V4M"C*"L^.4,=,@XX8H9=^,!\P5&;*4P\N6%G7C^W3 M!)6F@YEDX"'#&3_`1%`7:U/S31(J^.%ES#CB9S^'&*W3(*\L:.6,>]5\<*[)$^]<85<_AQ@J<8QC2_+K^+\T' M\7YH/XNY'>-Y,ADAUW=06N;!<]X:QN,,;:RC\PW\71P@XU+X)+XH5N*YOE58^2*6^EX/ M-\OY@/XOS0?Q?F@_B[E[/`98K*%O!V-N^33S_F&_B[D;##HGGAWO!TG9./)T MQ[WO'V+<.&!=SN\I_,-_%W+WAY&TR<$.O;S<#D:4`DGA@6@&EHSP+VCM#D^! MTL"NC5,:IC5,:IC5,:IC5,:AC4,:AC5,:IC5,:IC5,:IBI[2&_#W\7Y`/S'> MJ>WT1&C3RE(\SG/1$XGVS_G-\OP]_%VK3YM$_G2Z8:01,^18H!$P$QFL`@A2 MDN.4(HR9\J]$:)"2SY?T0VHA"1X8J:1HXXSS<4"H3<^GBD(JD!2,^5>_-&(J M1?`L%Q(ET+!9(N3R@>7BC6%.>>=/'%)Q'=3\QWJGM5$!]TD$&)I&@#&#H016 MJ$9HI&':O^`)`E@G@"0)8)^S#:==J_B[A M7"IE'[(2*$G*?%A'R92^;`E@G@*^6#GH(YRJ\D4`!$/A"0&H@'?S<'P$_,=Z MI[AA&$9.SC&/9>A\YOE^'OXOR!LABYKAX.U1>QC&M&N(^T9&L#VGZ>PZK*YO ME[+KXP;X<\4*A18-ZT\/:W'$>.![U946*-H`:Z<#. M#IAS@Y$@E0VVW$F#=LO#V#'(1#75+6%BWI_:<$&RVXTWAD0^/L`W[@8YV1"> M>'BH;)F+LD;6V\.M`SEAR1LR5E'N]8K1<(+V7`Y,B$>.&AUUJN"B1RP;;]8= MN_B_(%GYW:.A6"79EV6=G3*1KB#IB+DU%3?+V;=ASCHA"$DKL9P^V*+[CJ4IRQ:O/_LE#N(3$;1V)JCV5 MNE,9DQ8;>;I;-LUEP2XX=M?M%[=_%W/WA\N"*;0),-#R"3\#L_.[0VWM58;: MW:3#;7PF)F4*'1/LM,)V&-MFFDF$K,?:&#G+AY>Q6W6$;1VO&U7VB)@(H<=' MD'BBAIT.&?CC:/*OC6GG0+SQ6W6$5OUC%5LH8I>=#-A%#3H<(!\<;9Q6Y&V7 MVN>*G8F*`=$82!3BC:-<:SX8I>='-@(Q/M!![!7L_K#X>_B M[EL[9T8KJ;[ROES<789LR#+X'9^=VHJQI[*-PC2$XI?`+(01MVXQ7'L*,8;N["M35\*0+&^/#6G*3'WBPOSV],3OV M/YC.F`UN]67-/RATP.J]QB,O? M5^]%30@GX1"I)?T0Y9&7JI`02^,'R0OP5_%V):U+DXT,--X*M(Y"LX&CZ&&) M4%8P$USRT5!Y>&"XSF?`P0XN&3AR,7O6%>,C!ERM[T@M`EH3SJ##6Z7V7)J1 M)N!&?T*BOQ0B2);GRM)@"F5./&PF&N1'KPY6D]Z12%"ND>%,O!#:FBFAF?+` M#@$:UV?TT@Z.1QFN1P$$).HY\CDA]+1JNSY'"`6A!X>7I'& M<$"8'Q]$=_!TQ3YBPLN^?E@X2A'=V?Q=E5*F,8,S.%4K&)G&)BE33V%4PJE8 M12@C$Q(F)$Q(GL(I2,3$SW,#@/BC1"=H[Y_D$'LVD_N?K.[7=_G=B]QPW_,\ MG8J$8!%@M`S^'&'%-8`H\L3X?#W9_%^0&\OB["#-'!V'OR;3R"*NPO#%JR M9'8_6=V)E(UAX8PBPX^E`<1C%QY\XPSY_81V"'Q0:2C0GDR\O-&.5/%TP&MF M"Q?'`#SH+XHP\/%X/#"5#]*)XX4]^6*6XS/)DC0E"'+&R8H()&>-+-X4,:PQ M3E5("''HC9Y5@UF:'P1I'1GX`8#G>G/YL9BO@TNB!09_&87SOCAKAE'2O@@T MG167[7[L8]\^C&,5^+M'\7Y`:>/Q=BH=BH80\?XOD'9I:3G@;WN36D-M<'I' MAX8^R;]-G[T&XZV$'RV?O1LWL:OSV],:H\'3%K>[PT&'ORPQS!)L<*],6_G= MA1'Q=^81\6'%%65$BK*#$H^*$=&.0>##LD]BGS>QCWSZ3"9.+OG&EWKVC^+N6S9^B"VS@#Y9Q4_[)OAX(^SIL#" M7?S?`]I<(%L-K*?/'3&CO%H_K"/MK?TA#]F5C9G$N7LDL55R0XME MWB,?#%P/]'/#B/2RF,3$B3&C**2_37IBWL2NEV$X#XH#<;:'RP"7&?BETP/2 MJ/-*'2`DM$>)8?;FB@<.LD+YP`\D`\7A0Q3E,_V M@!Y852G_`$],*,9>$+"*45.673`)7)]7IC*B^5W1%*FM._O,*>_"%F1/ZW1# M?24^-O3#4RF,2D^<5=$%H6JK']580+(IX^B,TQS81+#LOXNY%A=1=.,45GW= M<>7B@OW?[13X^B+OO,V)Y/@>\IC[M=]0QPQ-Q$+4Z#<<3C"=ESOE06!H),3L MMYS!%VQHD9(5C*2O8EV$:=&"'%36/+V)14IJC$XQ,F,3&)C&$4PJSA%*0BF4 M*I6)$PABM2L8F,3&:$!*1B8D8"G""5,XQ,:QC$]H_B[G[M+9]YCV>&:*'(&< M'P/>?PUWU#VA^=!X^R[YWD@=@1I1C&,8Q+"#\YOE[":4`D3_`.GI,&G!1/Z7B@2\](H25./Z\(F7IZ(T1(@>(17E7PX)"IB,_`T^6#*7BS<_Z(#`-`K+B)`AP< M%0\V,X"Y1^[T]Z1HC$MY-:,.]&])AK@$GW]^3+!!:C>/CGX.+GAM/I?N],.< M1I3^M/Q=H_B[9KU*ET^*-)`$\BQD[PL\TIPYI(5K5@+EC9VR=H"D_'P0>#AX M%ER3A)<^''"SJGX"D#"J:SD$2/EU$)Q0:L`#XEEG[O?!P]WN^H8QA6F48PC9 M!>QEA4@V'@(L;!N2)QI%(TBL:L81A'M9PY,*F^7L(,>SQ=HN3L(V9BH@SA#C M$NPN3M$R=B<:$(A+^W?Q=LV4A5X8P,\?HTR@:\D\`27QPYR:#@1$L54\R074 ME7*O*,G/&$@OJ4Q00Y$3AR2\&6%2<_"X'R1('SLTB4BN>LX_2"<\3J6:^/_P"O<]0]C%(J:=*$.>#4A-4(D%K=:"ZWGC:^=V-+L8",!&`A0D.^`^*/-RKXZN](`*8? M6'DB5*S3F/Q8P_"D\V(B1D0G@_/R0*Z4` M^MW\D)H+Y='P8X1D1.#-AFY8T:*)^7P8<$#5\&8+RJN/)DAA%*CO7XC'M*2V MHG]H>2"B!6$<"IS>2"5;20!S)S9Q$SHKCTQYM/\`T?Q0,-7)QGM'\7;5J`U> MUHE@O(BQ5YO3."S*"TXCN]S=VZS[+QSM,>9SNZ(D;7.[H@:5KG/1&SO9X M':+XHN`O"*4GWJ/%W M>JY)J'Q1K#F,:XYC&OX#T1K^`Q39>RCA#HF;7,^)EB<3H+JFH>!T:3O`>B). M\!C7EQ'HC0>G(>B/M!S'HCVI!/$8^(Q-.8P6[H`'DC(>POR3XH*+-WEZ.6"Q MO?@GBB@%"&GDT>_"`[(`MZ,LX`)GRXZ4_#QP;GFGI'1#7YATP"2 M5'\/08I\SR:2^2'O<<7<^M*)$CO;T&)2/B@3*K^]TY('`G+J^)#!!)U?#.`# MBOE[^&"%*T\\@/)`:`P+@P'QP,:D\C>B#,S'E1=O MCS+(VI_9T1RNA.J^KRGI7GT_LL4_M1H7=VW=OR+2^&X71[;K+>_U2&>J!'M- M]WT_]^YTQ]ZWO^=<_>CV6_;\W_O/Z8]EUEO/Z]+_`%FQ[;W3>&_*86'G8?)" M=:[C>M_*M.%P[>W]!_LW_1>B\B_!NJ?Q;O4[:YO[6U70@:,[G% M!R98M7SOP=?K:;ELVV"W3YS6N2I0,#EX(WGW'>?=.K=VNFT*6->][AK$UR#> M`1UENF\/:.M^KVU;1K0CVI4TTE0%P/'*-XMWW;+KK=K51(`F*:[=P-,D>)'R M2BSUDS>PQON1NO\`9L)=<2H!$0-`EGBSUC?WL.L7MW<2-FP%K_-+4$TRU>&& M]8,ZP:S>WER,-JW3HN29UIIFAH6OJD6&W+K:0K6EVS+FE*C24=/AC=MVW:__ M`*&]N[[B4M(-*4Z2*CE4^"-SZKO;\*]XM/#6Z;JB`QE6B)8RBXSK&^-X;5[-U(::4\X-"*O'\+.]]8W;=G=QE<4YL MI/`%,&U_QS=Z_P#&O*UOZMO6=^L6\45=<;U=O-]!:;8XF-0@X0#;%MU3,]:@-`;E*\4;YN'6 MU5NUO:]F[[U:V=D.!#G!K:0:<=(HD6.O.J]+ M>K>Z;-X_O+)92]J>DPZ0XCP0S:R3J].79HB<4%NR0[&2*L,O=86`[K> MVYSOLGEY(<2Q#2BX).66`VZ-"[U926D97.KH.1:,8L]775=N-FQ>V+_\-Z$, M)SL((XDCJY?-M709&1>-%3PP.K>OK0V&SK:]P):JD4@M"M,EC?!NNT_V/;#W M>M<$TJ:ITJB=*_"]YL==WG;SUCN]TMJ<5%.+2UNJU1D`D?@%O=.J[SK.Z!IN M7V+H.8,E!E4XY1,"?P/JG\6[U/R9OF_[K]XM;L]S>-)'DQAKFAUQ[SI'*2<7 M$]FJX0!'_P"*W._>9Z24,^F]!"[W=W3=FYM*Z[P(WPQ_K.L=XMMV6WOUE[7-SXS:>!PD1"_` MNJ?Q;O4_)CK-X!UI[2"#E!D1!'4EZP_J\G1;>+FO8,R@$.`R&1AW4W6`KWX) M1LP3M`["@8G*.,0+O6)&X;H/ZNJS]8KP0+EJP+V]_P!Y>]H[D71;^JT= M@;SOFCNY45'5#D5H=FK,@<%XXW;JS<]G3:WUUY]U)"TT^S;3+S2A)0DH,\`7 MFAUL_-5.3#)-'":.+<8]UZNI44J\Y"[S0/2`FY<,$)P_W+JG>#[Y:N;2@L`! MN6VTAS5D3F4(>"-C=LW&)NX8RS(--XI7>NDH0QND0BRD)SC;;NX.M$D*.`EI M\(@VW@.MG(9CF@W=V8=SWL^=9D.6WJ'D`XX-VCWW<1Y]D:8'RK6/T:A%RUU. M;8;88KW7%#5)0,D%#L3ADG%O?O\`D-RTZW9<'-LVU(+A@7N($@9T@3RGX'U3 M^+=ZGY.&]4-]Y#::D%5.*+BG!VEGJ+J;>[U"N=O`%US[+:4\R=5PG(M(RI&R MZOLN;[,J-%;A^6[TLTZ0#`I8*&M`$](`ZP7(@S&?-'G6A>`"#$.>*JJ@I!X3 MRF%-L_W9K$_!.J?Q;O4[F;^]/;;LC*XH(O M>X5EED@$D("JX90!R0]E($J>!.":PRU>.QZWP-LXO*:S/D^KE^#]4_BW>IW.R_K!I=L24"H"N M1W!*-^`PVC/K_D2FP0TP_?;-T6^L'N5Q>2]CO!6T\I;Q1<+&,O6V84N"W/FM MR#YR0QFENBHYURO5&;1,W?)'*D%O6F_E]PE`VECP&9BXM5>*0CW/?;-VL,2I MK":\RTS#IS&!F08=[E:9:N-4LVCYER)@U:6D9%'%C#]XWVWMKH/]XT_0GAG$ MCQPX]8.9NK&G/47`Y6HHEF''FC$3A6N:0.$1B( MUF\X^!]4_BW>IVLXQ'8Q$*,(3*.Q,PBA>QB.PK9CX6ZU?8+EH^:9JDQ+CCJI MMFT=WWJV7FZ\,8XM.S+07`R*R&7/&Z"[NMQPMV=X#QL[3E+[U30CBC:F^<)L M64;BVVPW-YM7'7"QH5P;L7C*@UD`GC#=^ZL:1=L[N&M5*7;4EMP&?F-+7\AC M_:G6KNQ9?NT/*)0H+29KIJ4EQI&\[QN6[/?6+Y5[6:SK5+#:NK4CR@-MP1H6 M-S?<:Y^[[E>:RW@NRNAQNN=/S%#/U3%O<;5AUJ_NV[[VVLTAI==U-FX%9YT% M,6+75>YOW+>!?MJZFW*FV]M:!V#24JQ.L,(W6Y[@YMFWN=#K89:>*]H#2KW2 M!0NV@TIYR8_W!]DC=SO>\8-:'"L"E[G8OMF8I\UR.2+][>=U=?%TV=CS?;6Z;PRZ[1]N^X$:A5;FE[17:L;I=NM=Z>0N8Q/D&46V!I9O5]NP>*&M%NUM"]QN%I6X7(&@JH:XQNBVW#?MR MLWF->4H>CF[,.FM-VT'-G@3'5C;EIP9L6LWENBB6_:6P_P#[F*8C'X'U3^+= MZG:W+_\`P&D+[&\[:*DE M-I.68B]=:M.ZN]Z_F,99\EPPS0"UVQN-8Q)S1A.('!#K5]R[JU[[9+MFW48TAP`1]2S=*FDA,(M;JS' M>[9M?RW"[XJH_P!WW=U%RY:N7,`5!WBVQ"N1!D0\,;*^ZJS=;?T4&AL[VR`S MZ3<:EF)9H8[&HML)^"2YX4N1O&][X5-1=,$F3,&^A5I8JJ?E[JG\6[U.U+'A6$3$3 M8V8&3T9MYCAFAN]96!R"2`OUGX+4["9SYX-;6FH(98C,'8N05' MEQ@6S;9LVX!`@XH>;EME=QM+B@J+Z[1GO7H5"KZ./YB=4_BW>IW.IFEUAN*OMU3X9SS8?F)U3^+=ZG<_]YW"[81M-&T\Q!A32 MX2,QSXP^TV]9_P!\IF_S$H'R/1^3^8G5/XMWJ=T/60M-]_/GY<$\4O@ES>&- MKK9:+H%-Q13I*`",BN!;%OJG8D[6V7UU#!NMHHN//%S_9]S?O.[67%I?M& MVP7#$,JUHW$>ZOJWZ0!<&ECAB'`A9"?#!WRZTOT@UK1BXG-R*>2&]8;J*FOM M5M"HLE1ZN%O=GEI;M&J:= M=)>:HXXM[T]FS-QH=2JH#,3'!&^'>;6PL[DXA[BX.F,R#-T1_N&[=6W7]7I4 M#M&![F^D+-VZM%DO.]$TNJ``IUE"9!/AP MBU;/5]WV]XV[:W&-J(*8&;0<03%JT=SN_P"Z7[KV,LES1]GK/KPHX9K%S=M] MW5V[W+;6E:@]KE75<`!))Y?@O5/XMWJ=MOS[Y_TV[LMN3]0N=S\,,;NC&EM- MZO3:X5,:QS4<)$([R9(L6=Z;_J7VK9=I-QN`EJ-Q(*335J&,XL;]N]FEUZ]: MT2YJT/<.0%RIP8QL:"UI#BPKK!C]FZ632PSB?!#]I<<=^:^R'VG!H(+KP:3; M*`&R]LFF:9PY1%N]\M.DV3A;/@@NNVD97=`5[!4+)I>1R MZK<7<"1>&\L.8J1%& M_#VIO7?.;HL;=H`']X1F$T!.,HM^PT+LW4E,E1F6L57`$]WO_P"2 M_P!4QN>\>^.]TI79;-B)495ZW+'77_9_\9CO$-LM-PDF0'M'8F+A&&R=ZIBQ\ MW=$6[;O.Q5P6.M&N-3A?OSSS9.-T-YP:'6;30LE<6!`.$Y!'_(6VM;WL'D!! M/@AO6_5XMOM,LL*%4I0!`F4&.J*;FPWI]BZ:F`.3060?CFG'57O>]/WE77D5 MC&4Z'R!->&.J/QOD$;NW;NW?K:W4ZRYNMDKD=9N"Q?ZCZT>R^^U:;<;<:VF3 MLCFX+\%ZI_%N]3MKUPW7BUO#`U[$:A1M.)%0QR&&7+EZX^XVO(V8>`TM0!&Z MHPRKGAM-ZX@8UIU=,,!#%ED!0IK(%BUN+7N:+.SI=)5M(6\&2<&\'.<$<&@H MC`]];@$F5=GP$H]K>NW*:`U4T6LN"X`J:2EH4NFG#.)7+@$UU9K>-Y)B6D9I MB$7"!LKEQEP.NE12J7G5O$Q*:4G$)!J<^9NG)(W7-<'*Z M2U&XVY6B(HN[575'15U;ZR,-'2PIFA(@;GM;@W=7*-'2J?7E$ MB#JN$QW=V[W@MIX0S(EQA#'NVY-HL`X*3S5$\V$7MXML(O;P"+AK?I+^MS)A MD2/=-T93NT]%2X3QUB9<&$6K`LI9L/+K8J?HN)5=;/S9(]WW]E=BI44B?ZI$ M#K!K#[X&4U5/U0$1*D3DQGC.!UB6#WT,HJRTYH=O5ZS[9^M2Y[*_G!I`=RQ9 M>ZT%W?[-"YH9Q!I`Z8N[QNS*;UXJ\JXU'E)\$7-^H/O=UE+G5/FW!-:7)ADC M9^[^SS;2ZG-6D.W>Y]DYJ&9$N,3@]7[LRC="NC4[+BA51R&/]MV/^@KJHK>B M_2\&"SQAFZ[U;KM6]6;JF\3UJ\,.O;O;(OO927%[W.I.12XF'6-Q9L[3BI%3 MC/E)3DBYN++2;I=T+:@[;'9:-/^67R M$S.M0N1!#FV`\;FB!&`$-2WJC%5+Y%4`X(-APN44ALFSU"D\Q*5F:'*(?OEL M.&[TMMJ)F9:Y0U$REJXK)(&V#E420!`ELK*:DU5<20Y[+;S81MI^0-H0LP$SEQ#1X3#AO#=FP54G6JH? MLS(!57).1XX>UTK;5TL50M$@)SJ6-FVXKBY,#B@.*)@1/`*%Q@V[[@TA,YQ" MY!+CC87`ZH;/(?[1Q;FFB8K6@8!QQF,DY$2$QE@ MC:!1P'+3A*>LV04Z0@&WKT-<1FJ`*+@J$UXH MMM!<9H`14)\4\\.LDHC0X*#.3B9UT,8B,"` M',R*464BAQ!"_!$<]K-)I!."M<'#Q07>]"NHED[>A4\O/SE)RY$BAF\@-1-9 MAE*1SC1AEIN\M1EP/UF+(-&.35R9"X&1A]YV\-!>U-9F:F/>#O#!J2J;YCBX M>,@P`S>AH)3-DB*%/#5LQQ32-F-[%-#&XVYADM+T^7#BE#:-Y`>S`U,Q]E_2 M'.>"&OL[TR3&,F63:U,4Q*"1.K44E%RX^^P"[K(;:^;YVLF@V4!ES>FN:UY< M%V12JJN1E.HS.$N5MZYO-O;-N$C2:E-5TT__`%2ISQ=NW]XM4E]3`K"A2U,K MC.WA@G@?89?MH_AMRT&LPU?-P1.2*?>M),:V^B]LN!'X9@!&R]XMX@_V:2-P MZN']JX)Q1;<-X:R@-$G,F&N#F\2$9(+6[V*B'*59YPM@\OLP2F/MK7 MTV],?;6?IMZ8^VL_3;TQ]M9^FWIAK!O-IE+P[6853`$$X+/C`A]SWMBO#O.M MR<]K6/?RAN&`4PV][W;--IMM";>#F/MK7TV],?:VOI-Z M8^UM?2;TQ]K:^DWIC[6U])O3'VMKZ3>F+6\-WFVTVEDK")Y9G%)`YB8?:9O3 M0'4@38:6M>;E(SZ1Q,T01=WD[Q;.UIDK)4A,_#"C#MNJ?Q;O4[GN_5_5K'GK MX`:0*!-9HXQK5**1GR;O<_YB+EUP2AR@M$]%TI.#3,B1697`_`SO=QAN-:6R M&.DX-RYE6'.-(0O02T@Q9CC246]\?0RS=`11G"IT\2X1LVT.N;5K"`FC444\ M`2?-#:'VS64;P]ZCG&<1JCFC5'-&J.:-43F M6V-`:&F9;5I-:[4Q&MCGBYMK&DRY;;(M*U\@2END[@A^YNM!KFA0=$J%3`:J M^:N(GV_5/XMWJ=S;U_U'=;;ZP"*'<`11(B;9$&+.^?\`);UK86<&,RS5)``+ ME*D_!!;5$N6W?0>')RHD!+@_E$`J$'.HX8J4!R9LZ+\7Q0W51O!FPY(-25&GBED MXC.!,%H'-Q>+B'8WSCM_7[-NW:>&L#U,IC,]IDCFY,D^"';_`+N\E[@12[5T MGM).3!HD.+BAS&7+=+W-J!:?:`%SEN(9O=4`XY6M3`R]Z!M%S0:12FO0'5%9 M@!NCEP7"'--US;[KKGJ/E.;).!C&M$/WNXYIJ;3)J$BI17Z1;JM.9<_;]4_B MW>IVXM/*7'-<0.!J5:-E:)-R@.U7!`[!5$BKB/OFVIQ`)%A]R?&D^?-#F/;:]E47S( M4`@`,^5/*JE!)8#:+6TDNLD]@B?SY_-X9-LFV-G@XCTD>9*<-#5F9JLH=NMM MMLBL-:=)%VK+;ESI7YL@12IR;MJLM+I`+,FPY_T1),JB'VPQI;66-Q)4.LM4 MC+]K@$PQG*^[>$#`VVC?1):5FN6&FAE):T";B:C;M/5QRCVD\LE6'JVT[9@B M1,WBV^XH^3H4D8@K.4&SL[;KM9:VFK)<IV]C> M;JBP+5]JH3I.#*1+.A3FC=;&\.N6=ZL,M:8;]B_9>=)"TS8X3$T*&<`.;1O& MQ!6VKD;:%AIM`)HR>@"8FH9XNNLU-M%V[! MY)N)10Y50JE5*IRR6+0OW7%PI16W5?;V.4$TM%43',8 MM"^VVV^_:%FCE`KN33$X\/'#"0SW31IE+3T6RR+4G+`6VW:MT@:<%D2N>7'% M++=L-'`,X/C`/(,T"ZVVP70$!0*!WGPP;VS9M29E`JR/C`/'.!=;;8+K0@*! M0,PYS!KML-2K(35%YT',,T+;8UII#9!)#`<0R11LV4IF&:GU0!Q!(^RMZE.J M-7T>+@@M?;80<9"# MW`D*BXP*K5LH5&B.`>(#F&:&OV;*F:LAHKBF:`Q@`8,!V;'X?Z[HT M\O8I.-*\D!I53P=Z12Y<%PS0T97B78WSCM_7[+&[P4-PH)$\IS-$I\/8N.5Q M;9?2]&N-)0&:#,<>3&'6;1TV\!R&DIG1P0I@8NWUTR9JU':;G`H`LFD!7E?-$A\#L?A_KN@;,:2\W MQ9^P7R+"T\&:7@@%#BN.0%0(+L)#I/DYHMN*:(0\W'V-\X[?U^S8=N;`;[+D MGJA9QY[9\\<23F)0^Q=+'67[Q;<2)*UC07*%,W/:!RDX0^^QKA;<,A$HN7]Z8C]5I5M-`.0 M`JKCIN49AYO;]4_BW>I^0;)MT[`BX7KD`#0TCB4((NVK2K:7--"6G#";3(H40PRMCVN>A0TK2X-(=C/6&B-+& M4H&]"V]'7*&C15QJI&5`"<^2<%IMW5P\V;EM@MQD6[5JK+%,(VFRNKFT<*;C MEUD_LG\.&>*2RX#4CM71T@UI,YU%PP5,L7-Y#+@V;0ZF1<06!X1"9D'#/`:6 M'W=[+:)24<\WC0\NFPT[.A9U(5K:B+/'"!O)(8PDB9&()!F MJ'"1&(@[V/:6AZ);XR0/#P17)AV-\X[ M?U^S8-DM9N[KB.KC+=K.X@#PQ5N=VW=:/1<'>+X&KI"$W@*-F]GZMP`.\7)!8TW`S1E5 M@6TD.'RM!JF?A,-WBXNU:B3S%1X3%+-H&Z*:1D6THX?*T&SX.$K200Q*=;.S M9<<105XSLV5'*G"8I1R(F/!<;XKCO!FBO26I<<<#/@!:".&'6K M50:YK6XE4:V@(;CB8=-556`1D[_+V-\X[?U^RS;5:)R%*AE:>`]^/9V=YK76\Q"^.&[OIB MRQM(`)PUL^.,.WAM59SE0T$J0T9`3/XNWZI_%N]3N5NQU7O/NS"[V MART_).*\HXXZQ8JD.8%SSN0S>]]OKU4UOV8DX<`Q&D9EV.2+&Z?\>7[SL2&EQ`5U9:_1&CA4&RP5*L8&A2560"8ML7C?=:;O`ID34E]ATRF#63:J#'-#V[N;K;=`FT9 M1:W@XIZ89X!EAQN.WD/VFFC2C63HHT<3HK2LE5(VCW7P_*!JR]VR)AI75SS] M&-[O;PYVV;;<1(Z+@URH7`+DD%:,Y6+=#[ONE6B7-J;M*)*K0Z^I=*9`%JE<9(JF-X:]]T70[1<07.2AAP` M4BHNPF)IA#M\8-X!';R+&U=26MF1_9Y,KMHM2:(8 ML;"P+@?,M%)3#>2%BWN[_?>NMZ>&.ANW]))\_9L?A_KN[AOG';^OW?JG\6[U. MYON;E:;;?=UD6>.<\)AV];UNS'[P_$FJ?AAN\;ONMMM]A4'2D>?X);I?10^I M44_JE12;[:2K,^U5>`!(:Q[@Y@9K) ME;L1;%"J96M,J%621V^\OO%MH$MC1 MLFON@RUDJ<$-2ID6+/N3&Z5^VNGBQXN2.A)^CI#)*96+N[EI:^V6:KP2AO"W MI21IRENEHE%#H+@\[=^^&U5E:#O)MRXFR$&R\^\TBY<4E'-LLI4&6D\52P48 MF+B6"6M%ZE'*7;%[6.E3(:2^<4!EA`>;8/L=IHO#FD;06Y.28*U9,Q`,7/8+ M:9M9UY++PQ\JW!S2.(D=WNML%NHS64@);WAY0*)F@"*PZRVNY2`5 M5D]9VD%!R:N(Q@7`+0MHJ(5U=W<9U?XQR208Q<-YH:T88+BX(14XRIQ-*ST9 M?!+'X?Z[H:5P.&"\7".PX.(1W"9)3(YEACG%7@[&^<=OZ_9W>ZZXX,:]2UII<1Z;$N';,WF\6^T(.BB MIZ18JM89+*+C6.6TZTNL7:0>A4?V9;JAHQ"YNWZI_%N]3M'[M>^R>$.?DX1# MVON77FZ2;A)`+U90AI`0!J4THA"QM-K>?=)"EQ$PT$-:4:)!26#6^Z;CZJW*%N!]-37:*(C&C1`0"45,=< M:_VLP4(VKP]R2R%H3@D5@`ON^=5-NG5"^[L7/JH71!K%PD2RN&544THL,WLKM;;7`9M.E?5$5-?<#@59A[/2+]'1 MSGSJI2ACK;K@:PL**$VUDJ4-Y*O(O)".V=7)WY!S"'&W2)Z2)CP\/'`1P MGA/'BBJH4YUE!4B6,\..%J:G&(UA/ABH$4YX=8:?:,1>4*$SRA:FIQB%&$*X M@""I$L9X<<3(@(57-@)+/-`TFSPGCQ0UC_M'*@&,@7'P#G@W&G1:YPG\DD'P M@P+ML^R<&D'(:L$X>"$!"CL6/P_UW0-H%GWGD[&`G&`@N8%26&:`4*G*G@7D M[&^<=OZ_9LMWMM;B]6Z-5*2KX@HY^#L4T,I+EU1CGX^&+F\7VMH`J<4F:-(< M)1)"+=\6E;=(>T-MJXFFJJG.&S)QY8N6[(2]-32E=)I,_.I,CV_5/XMWJ?D) M]U&&T6C'.+5]F;TKC?#FA#;LO<'U*3.Y\@RP;PKJA$A3LW7!YV7#=@N'^$_G M&>-[8Z=Q]IPQ6J3YH&A%JRU..4X1;W@M#&*#0'`4?93U,M!)#:9E"46-VW5E MNVYUFFIF#':#FG)G=5A-,\*YMK9[0$_+&T#Y@CS`*6JL;%+7V:?K;%EMUR.)F%L&U1AA5I8Y3)85&&T;M1G@!>NOP2:BX/##6TVU%A MMM%D"+;V;3#S2:AEFX./:N;K/:@Q+]FH](T(]$`,:5AP.32$S[* M7!*\V?&.$J;+MHBI4-4"X7%>#9.09='!9.L!A:T5(5QI?099)X0VX+1%H;6M MJBH4;/'*"*M7+D)$X=NK;9-T70W6"3VDRZ[NP;07[;3I#5$RY'8'BJT3SPUSK;M*TY^(71:]R)FT"CBBR0$*EG:VSM;OF@JB( MN`TCI"0QSP[96CMZ31I"&I8=294\V;E,XMA9ET\Z3`Y<\(TRI)RM#FC,BD<_8WSCM_7[.], M8Y`S=`]LA)WM.?5&,6]U#F[+W;C&BD*\JEMF9/3.-( M51.+MI[@^PT9!)CB=%@.)-$WK@2,%3M^J?Q;O4[DQUVW=NW;I1C6#$YER>$Y MA&]C?&L8RU32T"86I03EP@[[O4\C6Y7.S#RG((=O_6K;;-S?.T`"')SZF99N MQP^!EN^$#=RDR:9J*9Y#4B<*0K0M-0.D2I5RUSTG`N=,S!)BM[48,I)_P^'_ M``VNSJ"*]W`&LQFV01F$&[?:KBU#,H9.&&"HYP!Q"Q(/72 MG6Y=,@E2JX@'@(E"!KAJX.=BTDARKK*YVEB5,;*C03.?0#,_HM',N,`TE1G< M3C6<^>X_GXH=O%IYV1\WB:UK5FFB&RT0Z M;\_94!)$"JM:E5:@"$2E(5S7&2:SIZ+FJ9S=2YPJ,YPW:*K,$)'&)8@H%&!B MBDIP.<#Y^4'_`!'KG#D@,;JM"#D[:Q^'^NZ*YU(D!,@[^;)!QGPF`V56(S\? MA@@NF@6<-3624^QOG';^OV;EQ]55VW0[2=JYL98F8G,P$"76VRP.\X`IYV*R M$\8=<0ES[C;A5Q.DW5*<$I82&:+@LO<+U8>\!YD20[5655*?-EA`OMO:.V<0 M[:G7?K(:LN:+C-W>MU5>VLE"XJM*R7M^J?Q;O4[D"<09<$=9_P"8WUKD6^I+ M3PQK&`!<`K=HX^3D$;JR]OC]ZW/>#,.7!0TA"7(B@M(^!^[4ES77;2_-VC:C MR"<"W>;=J=>FBT_>'5N.8.8AX08+7^\.+K*$$N,S883+/M5XC(03:-\6:;FS MD\N1;NLID4H2L%^K3-8LLW;;%X8<"2[:4Z%9QIK6I='/*+[+%8O'>7GSB:#> MF1.J;%.B5S3@D.WDN%N6LW^Q>1HJ9[2C&9,CB1#]EM74[Q-5I5N\"BE9:+:J MJQ^'^N[M!=(]F`?%TPXN#J>#)I`RSKBGL;YQV_K]MO%S>F?;T(YI57+<08!$:@X)9XH:R^_=A:N6K8>W M3!?:8)R&B'!PJP&>E#!K:X4"^KDD[:70]B'+HCDP/;]4_BW>IW/?+V].MN;O M#@6TKD+C-0,\,Z\ZENMM=9,36P*8%4.21!"$1:ZS_P"37[;Q92EC."8R``+, MXDX?`UW1C'WEP[^C'W;=OY[OZ,?=MV_GN_HQ]VW;^>[^C M'W;=OY[OZ,?=MV_GN_HQ+==U_GN_HQ5[KNM6?;N_HQ]VW;^>[^C'W;=OY[OZ M,?=MV_GN_HQ]VW;^>[^C'W;=OY[OZ,?=MV_GN_HQ]VW;^>[^C'W;=OY[OZ,? M=MV_GN_HQ]VW;^>[^C'W;=OY[OZ,?=MV_GN_HQ]VW;^>[^C'W;=OY[OZ,?=M MV_GN_HQ]VW;^>[^C#-ZIW:U1;I3:.=E)7[,9XU]V^F[]R-?=OIN_/NV[?S MW?T8^[;M_/=_1C[MNW\]W]&/NV[?SW?T8^[;M_/=_1C[MNW\]W]&/NV[?SW? MT8^[;M_/=_1@5R>D^/MNJ?Q;O4[5KW.;;T?JBH*>+6S!T=:HFF:4$95%K=WAI=[,%Q5=) MH<7(N52`J`$9T=2!D#<.%*JAPM@,H; M36AD?38VG'6%2DX<$$D76OHT&2]!\R)@Z8$P='1SF!;]LK6"T[`>TKQ)"Z18 MW6"MTHLV[;W&Z;5QKDG-Q:UCL/[-<9+,I#:V"JMC>$Y"LY..L,I742<)2PO5 MPD')(C#/(SPS$`P=JVVC7,616>*-JR^:J%%0.,H#K;GW+FU'&1Z/$4\,/<=G MHB4G:>DE8F@9DF<9U150'5E:<$]G:=0)S*N<1(X'C'O&B]SK[PJ%$0D`36:4 M-GB$8QGG-/ M&%\Z10.#O1*IE+`^XXN%G2:#9XXELT#L)D<#FXF8'V;*J2/%L7MX"6,"W::!<2T<#B2Q6GY)JX)93.&FD!KPQS=94<\#3S:)&2-9P-!AD5,TQ,VSF&2+N.=!"0XU-WZI_%N]3M2*!50X8C+OFU]2?@Q@C9W-G7O01KK;:A>>'-*N5 M&I)TJVY`8&@U?>-Z>>Y]9I]$,1, ML;O=V7V-G=@6JU2;3WU`33*'-4A>`PQSV!0_=CB)!C[KG#]4/`XU1K MG>;=XLS:K2`<)"<-WEUES+3C;=2U[`UA97$12PNK($J7*5"X8X$ M'B,4U'',*"KC)].J<22WFJ!"YQ%;:RZDEH0BI"A2-BJ$D!O"J8 MYD)IXXNW*`0R0TPKB'T&60*J&8ED,/MT![6O:`IUM%SUP,ZF4@97)!W;>V>Q M#6NF"9D.*`(9BG/`:"X:`(%)P4,0#@)`3)`-LDL)Q1WHETI3*8B'W0NP8P.7 MC+VHG`60&U.#BY)@C-Y2!QPH<[`G5,D-)7EBDN.(&!2?#X\T&W<"L.(BBV$8 M.Y4NU3%+9-'<^J?Q;O4[?W')%CK)S'; M&^]HR:(``*4C3]LU\4.M&XS:-;414 M%#)Y$&3M)5TCYP(/@<8K` M-2KB?2:Y.(%H0=,>\%=I75C)=')^HT\8@N>TFHDXG*5/AAEO21BII'+B#G!R MB*2UQEZ1S.'B<1S9H6Y4Y]9=CG<7)Q"J%1VK3K'AZ8;=:#M&Y5/!CS`G.8VU MQM154)5L\='"9GQSAC[34>S`K/+CZ6)1<(VET&N67,O[QC:`.JXSG:[QM'>3 M&R1VSS5%-6GG(,X=::#0\(9\+G>-QBI"O&>:!;TZ0OG'SL3Q]^00$#E!7$KF M\.6$G\'ZI_%N]3MVW@W_`$S;K7*"T!-DYI+O/<^HH/-#,,L6+FS#MBS=5:"V M9MLO->F31-P."XI*-QW.\T>R>-H%&K1<:>/6&$#='-K-3](%@)]L'"LF=)8` MZEN+];)#MG:J(WC>3K-"MO,<&F9R$Z2SS`P^A@VCKEC"BNFW98PEE6C4'`HN M`4MFD-.\!$W5C,5TA+CFZ3)!XMRN-FUS'4Z:$N:0"V<_P`P.J?Q M;O4_-#JG\6[U/S0ZI_%N]3N0N]8W`P.P&+CQ`3\D>[[G=_U'HN!:3Q+(^.`_ MK&Z&58#%QX@/'A&PW*[_`*CT7`M)XEQY/S#ZI_%N]3N5OK3?"]]`39G4*8<4 MYG/&[V/^-L:W9N94Y@1JMHHG.',W=KM"U?>6W"KK;K;F>S7*S34%3)$*1O-@%EJZ MPMHDZHLVC!6"J.#ETD0L.B1-8N[JX6WVQ:NZM81S+5_5)#BW-A5)R"+%P"BJ[NQ*%T MZ[=TD9D!&:>6/>WT>X;#=26Z1H%PO!<"7'`XKB$S19WM+8WJXRJE'.\PO1K6 MS.12H#0KCFBLL9[IHRG7I;N;^.$DIPGP1O3MY>UCW6;)%*TLJ8XKI')E.5%E M`W2V"W?G7;3'![G7+>DU_MK96HBY3,*)B*Z3[C=$\`8"A6HE)199897>2F;7O<:+37DD">FYP#78)I%<(O&Z MUK++'T@3K6EKC5D\Y$&;\N]4_BW>IVAL7PML_I$Q,$&8(P,"V]A+=+SWJZM* MJBJN5!BN`A[GL*W`5TG92'&F>@K@'&E)B#<` M"I+E`"`:1,@"B9H%#2K7-(5SG)0"&XDR:"4;A.-D&(VE@D7`C9DEB%5%))GC M#',8FSPFY)$D*%TJ2YQ:7*BR@-H0!H;)S@4:"T!05U26G.,(#\N]4_BW>I^:'5/XMWJ?FAU3^+=ZG^DPD@XTJ"`TR.((BW8W;=KF\[Y>6@-U9>EER\V41O5[K!P)9<:&@ M``-4&7Z5_,/JG\6[U.Y'>][,_-;E>>6#&^?YS/$[\P^J?Q;O4[D=^&\M9:I`:TAQI03YS.++]_ZPVV[V;C74 MFLX$8*4$I=B];NW6W-J\&0(1%S\?YA]4_BW>IV]O9-:ZY=O!@J=2)@E24=FS M0??G6K;@X"3BZ=%::H.$Q*;9PW=Q<;MGA0,X(4<$P%&4B<&\V\PV@D_G:O&L MT1<#F,.N7+EL612A!5:FU"0&:815;.+[6!66K;'`KK![7.\D+OK6VEL6[H(= M6*;D@#H@AZY$*Y(K9<81++E<%;SB`+EVV+FS#L9(0N*9IYZ9HD;.V]IN*X)P ML2KZ*A>/\P.J?Q;O4[>RQP:ZTS>&O<'8%H#LF7$0;S*1:VU0^;[J;/K>"-VV ME)LV-E@^0ILECM!-)U1UW'40!(L7FT.N6+=@4U(IMMO,=-)?:`C.AASF[/VC MK=08XVY-LT$-13*!9L!@:F[O(:ZA;MH4 MW$!*^>?-.>#?WAS7%UEJI_>NG>/$XM8GY@=4_BW>I^:'5/XMWJ?FAU3^+=ZG M&`Z2:&CBA6?,G MYA]4_BW>IW)O7&]L7>+0RG0085`RT<IW(]2[I M;N#<@&EY:":U"HOHC-E.,;OU7U'N5S=R^\W:7'BLO64]`)CR9,L7.L'W+]N] M<,Z"U,V5IQRQ-Z>&61E/#(>&/O+/VNB/O+/V MNB/O+/VNB/O+/VNB/O+/VNB/O-O]KHC[S;\/1'WEG[71'WEG[71'WFWX>B/O M+/VNB/O+/VNB/O+/VNB/O+/VNB/O+/VNB/O+/VNB-ANMYC[R*DU08XCX?U3^ M+=ZGY`M_B]W_`/,SM=F#.*GH!G,>WN,N.^05Z(_TUJZ6<,O+'V+TBDUM=\N7 ME,+9N6[C?DE4A7=KN?\`D[Q_ZOA_5/XMWJ=KO+&EOO#=[1FB/L07K++]FX+P MB+UJY;N!UIA=YJN:'!DA4HF134E0F(.]7+5P-8][7ZFA1C.I"OFM:KG9!*'L M>Q^S96KI)H-#G!%7S@DL>**]G<):+A<`6&G9T%TZD,GM(I)7"#MF/:]KGAP) M9HBW27'61TGM0-5QS2B_[M:?M;;+M)--+C9(#O.5!4#-%FDX;8O,>77YL:*= M``-#U*Z9J*HU32IPBZ=W>!:W?=!>I+0:])]07$:+9)@9SC8AMRX]UY[1JA** M528J2I0-T$<1"]UM_B]W_`/,SM:B(]SMW'C=CC&SW:W7>)EC"764W,Q3R0T70U7<, M%V_6G"UG_1`]UNOFX*!Y5BT7JYSAE[7<_P#)WC_U?#^J?Q;O4[5UPO=6X71D M_M;@N?LS:.`F+A-TI<#QJA=.XVX278N(+:0OFP[VI%9NKHAR;9%I7!P1`[%" M1&\;8#W:_6"[1*,+`&T><'*T5!PIECA!9=NFHV[K),:T>UHP:,U'"JE3!OLN M4W7/>=5KI/#`0%P(V8(=DG(P]IN.TQ?S?VY:3]&F6>+;+MT@-0E&B9!!J;E8 MZ2*"9$\<&Z;KF6GVA;>T`:30XN2K(JH>"'VQ='6P@1A%W:S].JU:MH;BM=BQ5IYSU.B&K[-]N:><14Q=W[:EV^..#RB<2@0;N_D4-GPJ(] MS<3+(X$^%(VGNS&'.$THHL!&M[7<_P#)WC_U?#^J?Q;O4[@Z[27H,!B>>7&3 M("<"\VV]S:;A+;YJCIF5*U"&;K;:1NOM@7%-)UN@2RBDDCAC>ML5W M*U;>6M"5+9##%4=201C!NL8YMM9*D^8FEP\YKD(^`V_ MQ>[_`/F9VM66$9:)BC?-UVHX1\4;:WU6!>SAH_)O\ M,?=B!Q?%"OT>UW/_`"=X_P#5\/ZI_%N]3N#MV<:04X<"'3&4%$(RB4.MNNN) M7M#DUC.FK$-E%R^ZX;ER[2L@W55%IUG3F_*@S?`;?XO=_P#S M,C$1B(D0O8G$T2*0]L"JX"2(UA"6W+R0'-<#V9=G<_\`*WC_`-7P_JG\6[U/ MR`=^NSMV;]EYXFW6F/LKG[/[T?97/V?WHE:NK^K^]""U>7]3]Z)[O?\`V>F/ MNU_]GIA?=K_['3'W:_\`L=,?=K_,SIA3NM\F/NU_]GIC[M?_ M`&>F/:;O?'T?WH^PO<[/WH387OV/WHL#=[=RWLK%[62:[/!#P=FQU1<#C=O) MI9&5*&`_.2&[T;+KK'7`R1`()PQQ6+?5O6&ZW=VWB\'&VKF/#J9D*PR,7-QZ MIW5^]7+$KAK;;8T^C4[%W!%_K!MFYM=UQZ8@.;YW!\4;Q8-EUKW M:Y0XEP*NX$YUC?7#=G`[D2'"MND1,@?JA?!#.M=XW&^SJMZ>TKMN0$H"6@U( ML*,#%UO4^YW-ZL67%KGUMMMJ&(95K1NSVV+KNL-[6BQ@^6-1*!H&=QNV6W*D=6Q[0@5'4+2N`6+UVQU?>=:W=[FO(N6Y%FL@D7)P1;W M[=EV-QJA<>(\1EV_5/XMWJ?D#?\`Y@]8=E8M%//\D:78=&CV1V=W^>[Q#L[M M^'N_4[%3I-$;YUM8W=A&\W1=MW-HCVLL+12RG,#YP58W;?K90W;]@\3E(/,Y M8W+K+?+_`+XZY>V`#V!KF5XNMT(WYRM/''6&ZO\`O;>L+A<,J'`\10I'_([] MF>[[)C5R5M;I,H=5EY(W/>"X'=[NYW&VRJ@O!*@ M'/'5%BW]Y&\.?PA@`4\4HZPZKW76ZP#7V/\`,NNV=SQKR"&[C8U+3K+>9V/* M9P/]PWW;"YHM:YENWI8RIF2@,HZVO=67@VRW?;]5NC3<)5TOR:.2G)&[CJ[[ MELA3GX5X55>'M^J?Q;O4[G_LFZ-<\S]HHI5H)*9\$7R1MM_NLMLX<3Q-Q/)% MY^ZL>RW:K-K_4-P`N[O"$*1+-)##=TW44[NS`*2G. M28]WWZV+EI5XCG!$P>$0=XW:V?>2$K6#U99MT;DX3:"0JXJY:IY9\$'JIMO_`/'D)22XR/"2HYY9(;N]F5I@03)E MQE3#MZNVB+S]:E[V5_.#2`8;N-ZRSW5FJ!HT_-(0@\4&_NK/]0X(7N[[^VNRJHKA/\`5(6&;U:MNV]O5)N7'(H253B, M(?[DPMVA5VDYRG/I$SSY\L>[[DVBR7*BDA3F4E.(2[?JG\6[U.Y-_P"-]5N` MWZ]*XY4H:?-7(HFXY&\<6=VM76.L,LS?4*2XV2LU3'`1;O[]:;=?96E<)YQE MY91OG^L.U/SNP^!V6]G=%_O'>2/U>P0?_`.,_QM^']4_BW>IW M([[OEMQW@@`D.(5(&Z#=[W^PT:VDB[-=?YW1%(P`C>F[[:N6BZZU*@BR=\#W M_P"8/6':DL"BJ-6'MN^=#6Y8#LD/?NYG$\.PAR1NK]YCQ\&>"\WK=(=3K#'-#F4.:&YV8"PM,/;<;2=KY!V-"4>TG.&TB'-W1A+SFA'V+OT3'V M%WZ)Z(-TV+I7)289O/6#'5VR2`B8@9Q"-",C"'?AG^-O9=O+;OMGO<2JTHK" MP)P;)@<J?Q;O4[&G]CMK->:C M:LJ7@3'@B\SJM^R:P7[KL*776-M&@*HI-6D&H:ERK%Q+S6U>]`5TAC#:N,:R M:?*()\W6 MDJ1P(%4`E4BPS=KA-+U=J4D/WMS%<<35I(VVB'2)P$;'=;A^UWQZN-IH5EY` M'$MU9ES@-+,0!%N]=>KDWMM$M`,N6VC(LP%*Q?W@"S2>L:0:=.>]`.4F7%E' M'#C=O.TV7$1K%#AO6Q8&X!2"BO)"Z1BO:TOMV]X=YCJC:OM8VHTH=$HZFE>" M+ETW@;FV+=D6M-(;O3;:B7HXU+-P(1(WFS67;HZV7!:1J;PQFB!I!N33*N(J M00=YN;.X66=.TZ1-JO6MNR/:[Z4A(TF+PL7G^\'>MZ<)6_,4E20@;@72+C@U M`L7;EE[Z[^\6`4V81=V#]$N"#"D5++Y4XMM=?IJ=88:*"WVEE[G$&DY6BDX" M&7*@&BS;52P!U5DO)#=8NJP311I"8QNS;]]Q3>+#E1@^TW9[B-7!<.,\"7;6 M\W-I=".E264N+D:*'-4P$$B(1)*(9:WB M[:MO(RTQHCGE&`C#1BX#J M)*)9XE%W:9-V=XQV#?<%F@X^'@`4G@$;*[8#;[Q[.:-.!G,X-TL5T2$!1;>@ MW9DL#BI_M+C[;',^2::I^:X1NSG-8-M=N,=,RHVF&==GESQ;T6G=W$#'2RDT MCY#14Y*?\`4[*JF=*XTU>E3I)BD"WIU$IJF6DYB.S&II$6 MW"NFYAHG!0`XYFDN:`S85 M:*0@.:Q@O'%R!3QG&*:6TJN&557C6:YXI(9)#F$AP0'[-E8;2#2 M)#,.#@A"QB2R#S=7FR9H)M,:TN*E``ISG/W/>GMUA1ZXA+CG)QPD#,D"7G#* M8W>G^X'K.[&)@_-B^7%3[S]1G:W.+L"+_P"%/C'8-B[J^$$8'OD<#*'--VX7 MN;2#Z+9*`)XM%.,FJ&HIAEY]PJVE0C0';,DVY9*2[)C*++-JXBS=<_5;I5U* M#P:;L/)`NV"&60RF@-;2A*N3,724C,(:!=>K;EMRHW"T$8WB`Q.)A[7/VC7N M+I@8NQ4C'-/(`(.R8UA<$D`(T7/R9LC;;?\`UKQN="LNO`-8.$VN>7T\CG'C M!0PVX'&IJ8AID&6V90479--0F)I#]@]U;F@*4*(7$%/UXV6T?LJ4R:U-%>&- M.3"#=K?4;E63$7'W?&\CB`@$W'G25TF@.TFO1`$;I,!-.)+L\$6R2K6-G_AM MI'/E[MU3^+=ZGY`WH_,]<16R$N:RP3?:NC`V5I'+%A)#8CUG=DM^3%YV?>/J MM[6YQ=@-C>/PI\8[&TL$AYNVVR%11SVM*`XE#*+3=X8Y]ZY7@@6K:]FPH@2XBW>$S<-$8(9B"W>A6XF5,I` MNJXSJH,L.N,:0UJ+QTJ1^K@>&!UAO1;<9&A&%M2DCA:B!N+BY>1+&6\U M-4);=<8,JZ2%,V6*A9?]F;F+=0,:\'C<':N0XYXN.5VMA#;39;N[(DY,<M.VU M+2^;4F+.E_\`6&CDG$[3@CG53"M#2UI)&*J\:&.4*$4F@L0-,R#)X48<1EVG M5/XMWJ?D#>VMUC1ZXA0(I>-)8,H$HL"YCL!ZSH'85P&$.M7W."WN'T1P1]L[ MZ#_W8%NQ=<5^2X>,1M&NP]G!&A@8HS1O'X4^,=C975I4&1(*M*@@C,1` M(:Z7RW3.E-TYNTWS,]*#)Q5:E<[35=>>D=)R+@L'=T<;9?65<22X$%5QQ:(= M8#?9/:UIF<&BD]Q1Q"FX0YZID):"F$H5K7!RY'.&=1(X%9C+!<'*YSGN]>>,"^T';#*7$G!)KCC%1#BZHDZ3M(E#I3FA`1<$"1J>:!B/M.J?Q;O4[D[?=YXFMRO=D'2 M<@BUO'61<+MUCG4Y`TVW%J#($PYX&[[I_P#LKPT?D-]/CR-Y3DASO?&[QUQ= MTGM#R4RE!YQ])\^"6/P+>`,5M^NV&CSH48PIA+`E#=ZVC&AENA#QD^6);Q;[ M^6#[6QSB-COMUCGNF$S1LW3[%N7G"&[/T8PC")0YEICZ3\GBB^+[7-_TIQ"9 M1V`\?WML8IK/:,>7IBY>T;>^->T%%T276Y'/)V(*.:01B@?;MV6$LJ:9HTO& MT1'$ZIH1,9XRBZ7.;L189(!P1]5T.UI@Z*.!P(19*;+BT'0%52UE#8:O&_:U MC@3/`<^VPU!I"+@X!Z'A;;%PG/2(;;>U@LO5$5?L[=T'-@](NBY2]+SUUL-K MLFALY4HIX.&<;KO@H%US'OY"+&R%#+@+'$A=4 MNW>3>'VJ%<@PG*\&H=WV;9*002R^Y6IAJ!RV;E3*DJU7BU,9J=JA),RB-TI-WB[1L766NI;5EWAK!-<4QR9(;<> MVT:[6T`!,@MI`[A]IRH$2`$;=(MOF5UP'/%1PP&`4I-1(0-HFTRI@O!V>J?Q M;O4[DS>;6[C>NK;0%#5`;\H.%0.MCG""!O/NK/\`>J/LET4V:>EZ,]:+>[=< MRW-S&#%!]FH"YCR6I8EJ@=B<9(M;Q>ML.\<0BPYC6M6Q>P_P"WV$>` M0OBP@[NVVP6#BU`G-`]E;DRG5&KZ/%"VF,:0VF0\W%.++$K;,`,!@$3FI;S# M-"-ML`4G`8D(3RB7%**FL:'<7`!X@!Q`0'NMLJ!)$AB['GRP&.:TL`0!,`B) MS2XH%T6V;4*A0+/'GASC;94[&0GQQ0;;:)E$SR/.J12^U;+?FC/5XR3QDQ6Q MK0[BSE3SF<#=MDQUL9P"ISG.879L5(#F&:";C&DG..,>(GG,/#& M-:;@TB`A.2&6FVK=-O#1&,I\.*ME; MJ1-48=IU3^+=ZG<_]]T_?T3'1U:<.*![\T[5N#FE')FX1QB/>K#7OWH8.>53 MB``"\./P.Y_F6O\`R-[0]INY_P`$^MV!"B"+(C['OYXTK7?SQ]F8M!V*1NW^ M1>_]?8;=!1NUMAQ^27@.\&7)`=6"]]EI1`*=)M3G*):)5KM)F0@$3LWZVBXX M/5P"@EK7%C9C^T(`D`OFXB-\!<[:.WBXL@OV@"83"2XN"!N=EQ`=O%T$(,'7 M+H5LE)"9$:W*M0$;F=M2US!5<0.1+1(")E<`W.<-8PHTKENX74TZC@-X#69Y MM:UR&?.(H==KW5K'(:6^TTT!4#),:**D7+=FXC*I&EJB6\21)3MMUE=EE4@: MZ^[3%FYH(E(]@0<^G,SY,(N)=FIFC=!P?=`82B!6L!F'.R#7">\[1VU]YJHD MBNW.IK<%1SM$>#2G!>+HT;1=(-X-86L0JE1*$">8Q=H(+6.5JM"M(&\##)J-Q)=ED'4PYUZX7%MJZ`"U MJ.^[NF$GK'#(WC5Q=&@3DGLV5%V2HC$1>W>X\72VV'"E$P$C(% M2<,6O;-B(1%I[+U=YQ!.@`%]G5;5)I6=%HK])PH*WQO#JO8U"0"*;S4EP,;P MQ8L6GM=8`8*B@J--E;D0\AA3!T6+[&/ M:S5:Z2O-O2EH^T%$\L%[=H152$8[3,QH2TM5V&:*6EGN]5 MJDSTA[JZZY[`E+M$.N[(U^B5J`!\YO=W-SWK/_D;&,8Q,RB]NZ$M MR3XH(:[RPB^"*GB+!=,;(X_.A&`4Q[1C3!6U;7BC_3:`X(J=,P*)1C!`PC=_ M\F__`.OL&Y=(;;&4]EKFN!#]7ADLN2?:4%PK5$X45.:?%V-K?&*FS:8HJ%:IRHJ\]IU3^+=ZG;7W5AK[ALEOR3:55^;-UKU7:7#@)9ERH&;NZ\S9[NU@MA"CMF]KFNN\*,IT<[CP02ZXVMU!.**-Y M.\.3@G2. MHS12^Y:,K+2-,->RT'A'9=*H.02E25!@;L76W-%BRWS@*K-PO&'F.5#-1D6` M+1L-8XVR\`.ELKQNBC.M2$NRZ65.[N_SK/\`Y6QC&,(L.W>[:JJ;T<$#?.KW M7-WW>A*6O<%F9R2<+[UO'\Q_3`VN\WG-K]-V'/&[W+=0+;2%<\5=C2QC2[$H MQ@AT;NT&>PO?^OL;,!Q.UM&1(PN-7#,%,.&Y=6JFKS<"Z+3G.O4FX\G6=_;8:P:UFQPJ4(J"N M+K[;;JE[7`@NR;O<;(K+302G,9#".&\-MG9A\W9'V5(*H%;M),P"U$G#=7.V MOO%M:D%3UV=QK5!!69`/&O#&G;=M&/=<<@DX.?8=2W/)C@GR4S0S1O!AWBXY MS6*+E#C=BE) M#L1E%L`ZU1PBZ[=F[P'ON5&94M]W:,=6JH$:/G)\F*_]2+:HV96@^\9'%"\# M9:\UI6*2V[M:T\^JFO73[5$G0M22#DG%-_WKWLMMA02!3[.I?EK7AIYRD7:? M>9')6:B'W*`T@U!IMT`N9@ZDO!THWEEX7MFX2+B9$KH-G3+(]B2DX5!8#MS; M>9?V%MOG9-WN@J";>],?JFJAMQ=4ESR@P4UD1;8ZW>&\ M,>YP+6U4UFZ0K?/!!HN-R59,0:;3F[P+8%+9(4:M!&1J^;.1#9Q4W;;42:M0 M'_W.+23_`(.LI&C.+M3;C0Z\HK6K4MA35/$'M.J?Q;O4[9NZ"W=N7G,JT4DT M$-4JX93PP"=$G(46,1*!,3PX>*`3HDK(HLN]>*/>@'ENTV8":1?7LT$TFX92 M)3@614V^6N-+@A%+J'+PKSB8E%NT7"N\2&\-(4Q4HIXX50@X8)<1($\@QAEZ MT="XVH<1GAX\W=W..`O6?_(WLRQ@.'H1//V.:&?-';>TB1A]MCGX0]UUSG#W M9^/&WL!]THTN#>5Q0>'L)E[3)#;UM3;>92X\*,">$H/#'*<>#R,'MNJ?Q;O4[:UO)K%EF[F8<0*MHT MTE#.4T,H8Y]D[1K;2&2A-\<]R9O9E3P1O!V#FBXU"*0&D^\M=K*MS05Q<931 MJ80MW=G7-WVES9@2#/\`45AR^8*4 MJ+HI#[-^PZZT[Q<)9YU+K[G5-X0$>U"#FG'O%VP^]>]TOL87C3.G[,7"$(QJ#6->I]WD'MM6FOJ8*6TAU3@<;;VDEC[J?IV_WHGNI^G;_>@;WNUJVUM*:5QJ^`F"S>K;=:5%QGE@C>67 M*@-?:O%/E6?WX7=['L^%]O\`>C[N/YC/WH^[C^8S]Z/N MX_F,_>@-&ZN1)Z=K]^!L+!;;&3:6_P!Z)6__`*EOIBJ[9J[`M M[N;+@M33,HF!/8;:0%NVMN(.%+7AQ\`PAC7M8*;):H(]`TKYTKB?(``*5+#- M[WC62IR.:@<0^MNK4X5/DA#N(V#1L@HFU<]J!B6P,Z"'OML!M* MTAJM#7,&Q6TE*_V;M9U$_E.BUN3`T7V5*%D%;=`G^L(O[FT-%=U6C)3[-?$[ MO,/MVK=NE^31]+>""%%*@/MA2"C5IFT0[>6@>]SI(F3=K?J`(4J6&/# M&;)M^H3'LVB[=>@'RFO;(9D.2+EZVT4OGSKC",O-%W<7M&U>DB6D*` MP+HM#0M*Y\IF3#W%K#9-PE%R5WB)?KM[Q%HM8Q67&G$(!19#]%,26.(4CYXKI:_P#Y1G5C^]Q[,_K$N]N<+-T[?7O;7UFDN1%C M>DCJ+,+`CB)GLC'AFR;WXOIUMT0S1L5>L;9*J[LE5P]NI-348'SA9(R/EX9X MD_K'MGL!>[3L1;O&[E-"-VA/4=%#\)63=#OQAB,CSQX#?$^+MH#9W7RVI6Z% MXAVU-$]S!$6BH#8MCI3;&L4'DQS9>?'6;!XE5=J2W0BU2M;;N=;7P$M'6I&L M);`G$Y?"N3&Q^N$<$%BNU9# MZ42,XC^ZCM']?\&\;_<=?[:/OJ.T&Z:]=NJ^X\<,ZJ=542 M7&X4Q\(MKU!K7%;;NR]VOOW+J@68T[5NLQRZA*:S`B&/1CS\;#[6V/\`K%OF M^;:K>+`6=QMT:.VTK$_5D)"C(L;9.(G,13RF./`NY4Z;F>&_&C^F/;+5MTNV MZV+AJVDA<02W-!)GF7,]N6<>7&ROIH]H>%=]W`*R$L>\20\+<;?N6UOLJ,7C M8HOQ(9Q[T8=N$\;IL3O#;+9_UI1L]*/:M]%>KMHM&DYY-!Y6'W6/[^68R<^V M.SC==DJ>&S3:246/:NX/1=HCE.ZJV+'P5=C(.(&5X_+'#]E;X-LVMNK! M4-UY.];MU>6S4"P1*41]+,J)F&!%A.'#RT^D\1-WBUM>RW2M.A-RRFD.Z(IV MD&SIEE91!J@ACMB/+V[[>O;3_I;:][VW;.H*S<4U0739-D3J0X:^O6Z>0'&/ M+S[./$WB"KX0/2V2_MU6FBQONZ"RVF^T5ZMJ5M,4-")QRAFCX^/$?BW;_#ES M>*M;=J>W;=L#KEN/9U8Z:&6+^X'2,[;PEY%`]["/V*+=DVEFS'%M;ZS<&5V)4OI;]EK9>^O,D1X0L)6!]W&.6[>&O%'C3Q3XCKK\+W-Z\*^ MT]SL=(V+XUH;7?M\M.H44T':`,@C$DF#PCLX_29L.V;>%9:?":=W\.8M>TZ2 M;P[,W<4UR<9D0F^Z4=[&1$,(X\3[CXB\-[-ONZ7?%^[T+U[>*%?<;;*W0;8X M4BZT#6(C/;84Y,LR98]N''Z4=G\.[]MGC?;Z.Z[ENZK8#5L>Q-Y*-KK)IB2; M%K3O; M;R;9L32DLV>9'".R,(PJ[E^@W]+WCS>O'FV[=L5GQ!X/+=W#1%EPD)W*$5-Q M501771L,.1Q)\&"\(QF<>/T;[)X=I;1XMGQ+M\[8W;;B[$[UN>^4VTJYV5LJ MMK+K#J\6:5QN4Y$*>Y2BG; M7U&D4*.`TB*,N?-ACXWV_:=BWGPCN'@O?7[);]INK;AM5QX/M+`*UZL465VA M57@W+F'"K4'O%CQ)6Z9G7Q[ME7K:Y>;UP=R)GS%D+XN,"B1F.V)C"?Q?@?C? M[CK_`&T??4K&XMA%&TBYMMBQ/HUXNIR+<<_-6+H'-/DB<>+KKA[95VJLM[$[ MN[$56*UN[X=W`]TWQM:PIM6FVS:BVVOU.:%$5-.?/ MA/FXWCPEX@*$[??\2%N>W6#,"#:M\3?ZJA;%@D2XK;DG!;.>$P4?'Q;A&5F? MQD31F##)*PW.'&S4DH7D%0R6..&$<;NM00PKVZ(94TS68O!XH%1`8G(8$4>6 M>7EXMU=EW8T^&KZ:57/[9H+VU:6TUHW"7(ZGJ-//GSQ`3)>3''AIUV1J4/'I M7%6:[@$X33I30#<4!)P^$]<$0,Y>WC==\KDI&[[KN^P>WJ`2`X;I0&PIU]*N M4Z&X)8L_W6/EQX\:Y1'UVX;0Y(RU0FU5!JSN&M9'#"BN$XSRX;OG@_<&#;B_ M[/M;;4L)5:)0(78"TQ-E@U[=?.W+AEF1GCPS-^*$>+/9COZS^S^GRZNL/11: MZ291UNGFS1'9\F7X&/EC\"96DNHQB]M5N)!7!0=5&&60F`C/)3F M@(\;^$O$7C[PO^DC;]PW>=XVD_:M;<][L*N)'VQ[8V@FW`KUM<%Y1AC`SYYY M041Q^EKQCX#QI>+?T2?I)W.RBK5'%=KPA:Z\7TAIC@)KJUJY%DY0RM+0YSEX M_1!^DC;CE7C/8O'_`(BI[=44AL^VMB)_4[IM]FPL2@%K)^F,%.:0MLPQ\GZ- M/T__`*-?"5Q^Y[14W3:=V\(>(33L>[/VXG7JJYS6&@AJ6!<>0E!3.4UE`EWH MB_\`I=\>;#MW@L?ZL1XL5C8B!4(3^24SD[O=F9\2* M_1'X[\.[;X6\2;H_=O9?B';V.L;/:LQE.:9CMVXK9*5Q`"7=S``YAF8QX=^C MC:?'2:ES?M^?OGC#`+/ MB3:+_BGPIN5)_AKQ(ZK8VU>W;?0G0K5`.HJQ;$U4.YFYYI$9GF,3QX8\(]!X M<\4V$B%[Q??VZXJB_<-QV^]9]FJJ*W%^VJZ4^#=CH_H5' M]%U&]:*/&>]+VBM=J;GMVVTK-A5$=VJ[54KU4C(3"YEIGJ'$1Y+-V_11X(W M2F6[^&+?A=C-LK>(O$V[:=JY4BPC`<,.7/\#\;_<=?[:/O_D[/B^3W,,(P\W&'D\W& M'D\W&&$8>;CT1_%'&.$8^?W,<(Q\_&/E^"CY8_`5`781C$_)YOU^-F'9]F?N M?5SMZ[)4!#5GJEP;=P>>&)*"9Y>2(PCE'&S^./&'Z.-V\2*M7D;7XBWW8-RN M[>S:=O$`!%_=*M)H3N&F$9%S.3T8"6QZL9_1WNG_`/S_`.%]_P!GV'PMN<7O M%_BW<)W9.T7*FO7(Z*"W6T][;#:(/1(#EEFOS'(,GQNWZ4O$7CO<[.YWMYW7 M=*]4CJ;50T+Y65A3OKC6;N^C3L:?=TAG\CA6U>%MBK16IV;-NJBG575JHM6I MF;#T'8@[*S;,\Y$.SEV<3&WT*=4?(1`=AG[YA@'_`-WQ^=6)Q[(3HH_6C14J M?[_'?WO<9_\`SMO^7X_/.X?YY:_E^,WM^Z`Q,#,G?L9X M2^/,]==O]\T2?_*X$=SVRL\?G&B6UC_9LA_R8X#?"VW;]J\0Z#*WM9^VU>MT M7R$M1.Z5EF_2.5QCJ98Y<>//$_A?Q;N[*_Z0*>XQ;V_J:MG;JNZ[@]]GVK79 M6%4L93.T<)$N\L6%&:<>5O\`1!^E/]'/B:QO^PMW1O@3Q7LRYN[;=O6[3W4; MM7=S/-54!.@&H$69T#`D`,PB/#EWQC6L6?%GL9AVA>N!WJS30^XS8Z=]C(AQ MWAVTUCZSOP93F[^;@]ZW#;#VS<4I4X%68&+B,]@4%5:>`R0L$LT1/9.$X1^! M^-_N.O\`;1_"X^6/P&)CE,3C$^:8[.`V]M=%Y2!R5Y?!YDCY`$UL"95'D&>S MLB<.+MKQ&U:;*7GD2E$_6:[<7Y>!VD]6-S3N%;=-NDZ3!57JA_.'W9RIRQMYBU&G.!M-H\^7`Q82 M#U')SE&:^IIA,C/)4@8<\N!96!WX@Y'TN.BVDD8CT\/NO[P+;9RR-92PMU4YMR565OL4EHG;]5]"`7+4^LD+6JD9B,1C-.$P4<:=>4(@H@SYQ!L(S,V$ M,3R[(CS8_@?C?[CK_;1_"X^6/P/+C.7''+CRQ\^'9C[RQX`RU5Y%*6I(Y\+"%,PBTO4F"D--41/=+$\/DGC_'4HW`5H!"AQ:M] MU4VIL]0N&M4XH.9SE.$3VSCAQB5,YS8[:8W;)X%MZV>LLDH2(&&[)C'SRB8Q MF(Y<-;/2H:7=586XUNZ?0-2G:J!@H)9SZO'$`RXX\;?#RT[3E2$:@PKK&U]0 M'O2.8L=:4DS#TL/>1C,SEY#C..$>:/-'X)XW^XZ_VT?@PJ;?4L7;3)P!%51N M9/QX!$Y1^.<(CC;)WCI09NBG-770Z7-1H:.H%BS;''=AB$D8'9FNT&#B$J-4&+Z+XT\3[H@4]DSSXLKT`: M=A*F&`,$'6A&96./-8QDPB(+-\7"X%L52OP-0;4CJVW74)"BI^!9U,]73*8S MQV1&/`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`I@)GA^T[]86=?==Y9;N`F6]35#9:]>UM;%1IY8]I6DL1Y\&1C MAQ'B%>X;?-FSM.R3>HJ)^O&XRIB+2$C*-,HI"D,\R78488\;#3W3?JM7I#\/ M+!="[N08U:V[]9=1O>SD@Z0.HIS&-M)0;3RQA/'B=2'5ZE[Q3M=N]NLS+M*- MZVBQ5K[+4I8+[;X5V6)+_I(QGB]N[]X3N-3?-Z\$7)VU<6W6Z]791$MQ]IUW M)%(Z!C$",$>IARXW6QX@\3U?%=-FT;I"*8W=RD7]3NU"U%&'/JKRLM)KD>C] M&.&2<,W'B%/];Z[[-_Q/&XU=SL;CO&WMFBS:F)BV:*%:==M>6@N:A8*F0P[! MCCV*K(Z]=U>G>\2T(WK(Z M5W;DU:-.87.`M53?9DO^G'GQ<:3PM;?L[X\0[=8Z^S!849M-GBO>MCM8Q!2$B M7?-SJ@VNS=E;C-6X]265GEL^YUJ-,DCK$38"DPYF#$/BX=7LOST46[^WFRR6 MV(S]%3KO"PI:Y7;FP9E,L[NE"SC###&:=)>:"WZD_;,P]L3M]E&[C.,?]$#> M/;U9V@VW0O[F42I1PY9^(-MI0ANJ,R*Y2GYN!?'Q*++H;7NIWLNFTE#T,;;O M,;8M<$`PTX>@^]J3,YQY81RXK'(DS6-&PZ4XY2/P5*=PF,/^D--B/UN-VO7S M@SK;#/<)@M2KMMQ.)T=8>M0;&CI43+3J9@]3J>L MF,<<>-<;.@@14*%ON3];MX"N&'9>/*9DIC#'EC, M\,U$)9K+%+LZP+54,E(J9C$YUC)SA$\N?#+85T!::,"VR*@A[!C#"#;$9RCN MQY?)PM15:TJ3FTERE<@K/Z6F&7*&;RX=O%DFU42RXB:UE^BO7:@H@96;6%2R'2J!RX:!F$)B0:QX8+#N.=GUG#R[K6ZA M9B[9QG@ZZJ=5:&'J,2NNH%,/&)S&N!@2+$8[?-QU&BKJ.7K],=;D)!'K,,_( M#F/DF>#&K616%ARQD(4"H-D]IE`1&8O@8^6/U5\;_<=?[:/X7'RQ^JOC?[CK M_;1^$]H=%;]GR62+W3.Z.3S9,D6?S`Q+S8R>PB`;0K<:5.C"AR*E5'AS9G4.R-VM8 M@FHR@A!GUPO]I.$2(NMS98N8E]+/=_%Q.'9C.'R M>3X:/EC]5?&_W'7^VC\(&Q%N-@MG66<-NF0Z<2ATV(F(R9_IBDNWM^'CY8][ M3I,L=*%NRFMU,J)\)EYPL"E02)G&Z5DG*O5,TKJ]"2S]13GM#-C,3''LWV@&XG%2M:8U=5M8` MBVJ+"0@6F9',US$IGR8X<;-N5MRFCNP>L2L2AFVV9K(MA3M3,S$N*N_'R>C/ M%OQ-M]Q5@J#7KM;3T[1M0-:%-L,0W-(6(35>+9B([,?+'%_Q'[4`/9]Q%%FW M]$XF&^UB5;):AFED8H2*9P[N&'%"?$_BBKL-[JI M'3OM6;CQDT5*Z!C%C(&1QS-(0CG',N'[-N#>F.IN!4++X63A7D=IS8%0S!M" M1[\1'.8GAFS'?#<+"%)98-59E=:B>$.6L=0SU?4G$S,=F.'%6LU_2KL6%(*Q MI$^$ZIP$,E03!LB"GLCB?#[]T!^BRJJY>73<*ZQV8`YRHEDLL0E31F<)C'LC MC^I?MVOU_2=1U/L^QT^MH=9TN&MF_F??S]F/=[>-VW!N[5MM\.[/8Z>QOENN M_![3/(E-2@O-8=9;&$Y,>[$QCPK=-L\5UMU1.X*H6:\[;8H;A5%BV-*WT;W$ MUZ`%?S>4S.&./%?;F;FN^3:B+KFIIN0*$6>:NZQA$XI5&;",,.SC8_#GM]#' M;[37<19C;;4*4-H3*D#`EV>2LPLL?^;\O;Q>V]5F+L4;+:LV82=<6M04K=E4 MPB,1%HS$8]N&/'AF*&X#N]KQ4E;]NJ*I.JG"FY!#5-S"&"U3PF/)$3/9Q&RW MO'6VU=YAO3/2.U7G;=6M=DUF[K+$H@P+E,X0,3V\>(-\G=TJ'P]9BM8JQ3<^ M;!N;HTR18!L*D+3?+\R.?&_[[.Z!5CP^"CLTYI.>QL6L0J:308(8O>,A/+N= ML\7W#XRVZ9VG:Z^Z[J*=KOV@IU["H9DAZ#E5IRIG*0KQF"[8XW%X^)=O+8-I MVW;]QO;\NK9:(>TB,:U%=`"FP5Z9'O!,C(]D\^7%&]M7B&OO:+KK*25%-NWW M:95Q7.-JJ]K&"+=3NEZ,XJ/7U%*I2M5Y3:`2!JQ"U$SAY9F)]'C:Z]U( MC;LTML99D;5;-#]Q0QE>558P8U3=+$Y'DG4B.?/#;-RJ4)4>X;AM(#6?8KR? M17["1B3.(-0,>#,/+(8X\%7Z1EL881..8)Q^+ MA^K<<>Y*L[,FYMEA%93%.M[PJN;-O="P2S:+]8Y!93GD9CF4%C'%.PVF:UV; M+*CK`1'JHQ[>7!FZD2UC8W10$V]45+T[,_I[ST MB<]X]3"%*]-O/LPYWXN(:Y8W-YZ!P&F-<*5VK653TN[*Y^O+B#+MYX_',DA@ MBBG=0_;A-1D6[*W?;]N0`64U8]ENB+EN[6K2=NJO6Z"QTSI7FF`E[#Q)29*# M8`%/DPGX&/ECWNT_>NV_;4<>)J?]6D3N/4POVS[5W'4U9K5YBQT.;H\PCRR^ MCQ^BWY=^_P!JIX\9>!-Q8"QW'(1H(@$27S:N[#ZLOV\^>>%5; MXZ=+;]LV7<]YU/131VK9:;[0MP[(,PA<_NN/'&W[?NNX;CN5MQ^,=OK7MMB@ M-5FWBM+*M0NLM2_-0@588#.'/C;=WHS&M5_2"PM,OH[*#\/"+ZK?.JRF9&?Q M\;MNVTX%X>W[Q'X1E"P!#A^3,<6+7;5W#;]JL;C6N)1/84:HEV, M+704+-*A%^T.V;.T'6B!4V:L`JS<[A%F^;''A_Q?MS"?2\1TT@YYIBN9;GM1 MA4LRU$&S08Q8CW<9]&>-SJUE,L67CM*T5TA+'.86V54Q,6EQ,3\<3QNZ+7A"EN%D+E*&7V;SO%=CBFK4D3)%=PH"0&8C"(YX<% M_D\__P"LSC^M(6=QZR=U]B35(*G M2=3%?JV/AL>NZ?0Y1'I9_BX2F_X4I[P^-AV@IN.W?=J9D!5BRKT:;@3$!Y^V M>/T?FM<)6>T>'2!(D1PH"5>D5P9]\X".6,\YX\1C60VP2-SWNR^$@3)361>? M+GM@8G(E43WBGE''Z%CL2,`7AMJ0DNR'O2Q-?]]-O4[-O=-Q MKZE<$FT+4,?8U'!8]*NU8S.(\^<3VE7V'6T-PW"]U.?<#R9NN8>EI99PR]N;GQ^DC M_P!*?_/9QO+)VA.\^';L5*>^U+D'%.3(F%1F;"^]6LS,'DGG^.(XV?Q;L%2U MM*MRW"WMMG:;-F;@+=6$SUZ5EGK65^Y,3CY_)A/X+XW^XZ_VT??;@V;ME:-U M0JO?I@NK*V@FN=8)%K$D])9#Q[I=O%9KMPM/$Y-PMY5UJE5PP%8.K706U-/5,59PR);E.`F(;EC'RXTMM![E1 M0]G%6L8+-L'MAI-!F!#I'FE/>C#@[`NO2W!.Y+1+!5!V9-U<((V8G(QY\9F,+EI<3J:L M0-8]06;N>]9!)B2)$=6>!9,),(B)[,>%Z-RU6:#MU9KJBN3)7O%KJ[:(U5&* M\&X:9QWPR\'!.LQG9NC8F)7B#=TL5;1&,R$XS6=3"0Q_XV/#)9:M%8:-B66< M$"!<&XW1?++1V7B-466AN7!OM5R1A6B+ M`SEE>!0)3'Q\+V_K+:ZL'9)RQBN46!LW9O3$ZBBT6I=/JVA@81\?/X*/ECWJ M+M4X79JL%R&$M3H!H>B>FX&**1GG&,3SX*_NCXLW#`0-^A703(#T99%921,X MCEFF,V'R<;92=;6RKLS%.VQ$T-NR5#3'=D<*F)Q/SH/-!SS+&>/:6Y6=>_,+ MQLBI%9DRGZ,YZ528EH?E>ERCGRXW*W.YR5G=ZJJ6Y..I18=NJE4H!!R=4L`T MIPG+AF\N/$W=HL]':E)(UM&N\H46 M8B?+PG;ZNY_5:O\`,QLTZ-TZ7^1NN5W-K8>3+/+R<;HI>XF0[T1%NQ6$5;;; M\F&2>H?:0YQ1`SRC'`?)QM]*_9A]7:E:.WJBO53TRI$`D!)"5&0S"XQS3.,\ M^WBEM,6PG;MNLA;*WIZU5:S].<8+&)QY\(N;M:&Y9K`*U-*K45@L2SBLQ0A0-`2[ M(.)XI;LW<1+<=N2=>E:Z#;8.ND^T`&*<+[OS<8G)C.7#&>+E6SND$G<%,1=@ M-OVQ#+*F_2@UZ*2WSG\O>XH(W"Y#E;9$#M\!6J59J","(BDZJ$L$!R1A&.&, M8]O`3&[#-A8:8WCV[:V;CIX9[D\XPGB M[5VVT->ON(:=Y(=\<,.<8UF!(F^P2@Z4LM;P6+'UE MSC7-BFR>=T:00Q1#!%@)2/=QX64TC$6$8Q)L0&32BS+"=!MB:ZQBD[O,RCZL MO-PT7C$I&W9J*L1(1#YJO=7)@ISRX5$RN<1,QA,C.$\N%.K4F.!\S"LDKDSR MZL8PK/JY9FNS"<,"TRP]&>!B*13)KU1P;7]'%,#'TO)K>H7D">^S..6)QXLV MG+"NJO1'7A, M3?IVYT4]S<:FRJW@83WX^J'JRN9GOQDQ\N$;3>!C"/< M(OZRS$8!1TWK7&D0E,F!BS'GA./O_&_W'7^VC\'NGBGQ) MD2+[+6'`,9"EB<1`A&8IQYQY=UWWP/;W%-C9@S$46#LX%E&(PS'A\G$TAV:T<8W\K2J78(1W*FFG8'+"\I8#7$A MGR3PTF^'VEU.N-N(K[D.NID;A"51,1ZGIO:3,"CF?+'@73X=;+(MW[F?0W3. MIM\S8?1LG,=&!(^>GZ6&/(L9X?J["XU6H(+"NEW`,ZC]KYPAD#G#\\'S\F0? MCXMMW[\$M&Y3*[5N+$AHZF:$)!CXE@CR;I!FC&)F:"5[1;,MMSQ6- MB-RE8YYN3$S4C"L30Z]G>F,<,/-S8U'A^R@WU45GDD-W4QL4^E&EZU"%*"4/J(%>ZXZD=[/'FCG3MNVB[FIRJSP=F8SP>?E$XX\:D^'2().2)14KQ">:W0N%+)R=]QMV^)(\.9E)88 M\19]C78]6]10(;J+C!]?:D3CI M;?:-P6QUI-EY:%UV;I-N3MU4C4TLN/9&//A*QB MPV#5MIM:),%=5FY`HA0[,6.=$MB&3'*.+VV+&S9M;>QZ[$5V&<1"&Z,LB= MAVF`"S+CAA)0,D4039&>Z/SN`J9N\28=B5C(6$RR(@$SWVSZOGAV<6DK$VG6 MRQD"S&LPS%11$)](%^NYG/+EPM,8B1`9%FM#C$@ZP@H4';8C/7GG&'+@P)9R M(JU19%F,,)V<<(&9XK>J>*[,P`MEO+5D7EE".UJX%$SGCEA, M<>F?[XO^'C8L&,CN;AV&4?.J_'Q],W^-/^%Q],W^-/\`A<;K;9N?1)VU"RDV MD\QESY*$:\KS=/5*5Y9;/*#(8\O"-Z*V4+L7CI!5SNU\`2;.IF<2UT50<%N*F^T@@6A@/<9^3S0YUJP9/;97ZM5G MI/JUNW3+)N$GHN81TYG)$8Y9QXI]+O$R%JGN=R2>FRC1#;L`RY=9NIUEO%*Y MC#O#,SRCBKN8;@3@>Z*[%X652E\HZC(MC,!MPL.3"#D!\N>,3[_QO]QU_MH_ M!V?!WBW;K%S9FDTDNJ=Y@"YW42IJX:EL:=GO@P"S1/DXW+;/`FV;CUFZ"0MN M[CF@5E*R4#BESF.:5<#G($"(X]L_#Q\L>]8_))YZ&Y4XREDD2OT+%(6XX3]# M+\WQX<,S4V)<2ZWT+*T*E\G5.P*;)4=2`60>G,%C'&Y;B56RVI?;9 M85*75\&A9M1:94NP==J7URGN\H$PG`QF#&.*M>MMQ!-<"Y2Y6CKE1K59.,J( ML-AC:^H4L,R[V6,!&.-QAE6XY5NJ:4(>^ETZFF=YP-)***165)][.HU9&3@4 M',PPOP7\OUY. MKZDAZV"CN,(N]_>[>-372IFB8A*TE!`RPM`/S'!XF(PN&Z(`PCS:)9XS1//E.';P^6&O4?%.)&0F4Y*TPPZYCFQ-#VR>;]J M7"9EB6+2F5`.1D2G.9FS0[\C`SB(1CSA88>YL7[CU.L5Z58%[5#*^1-&F%8S2!8R#6Y^V,9 M+;I5?!;S45EIVA=RH1N+*72IE6"6N;;&&_-Y3EPS3A7(:%=U1-"I2Z=^)G]6 MK6Q)H-$EY->]>:XHPG''#MC'BKMJ$/7HV(M,EUG72IO3=.T=O7(P=9%L_6L& M9GOX?D^_\;_<=?[:/OUH8R!X[$-5+@T4)6;SQ3$EZ/(8QG@+26@VNU4/6X)Q`TD.>&#/E&1XGH;.M,+6[ M+*GH.4NQT7BNPI1FAN'(XB1G@Z\&,O6M;6*^>"W$P5',?DL)11'[G@BLLTA! M1/,I!DB*@-:R(B$"&)SM'EVS^/@.M?HZD,*(TVMF%IRZ[CA(,E==&>,["P`< M><\,LM.`0I1N8V?0%2PEALQC'$8",>)2DC)HUTV3"4/7*U6<=#4U%C"V,@9F M`GOX<\/A(^6/>B>X55W::-OWBR^LT0PII&>Y)NQ.?$17/,L?)OVWIS5:BKO3IC32]B5L\1[?MN" MR(8@)4%B/$D.)V(9)`R\/=R(PPAO.>[SL61OLEV,MJ5V99,ZT, MH+D&@I7TH];C+<07W(C#$XX1N#WW`**UBU;KATNK*QVB_NU:4C@?3@\:.$2R M9(Q+/E&,,=\YNM615GJ.:*H"O73XBI[=\V,_6L#-GF)@[SVD*6HUIV=V!MPL(&TE-I(URTI4 MLX)8,P\T\_BXL#U5J&+?:>[(FJI$U4[IO=(E5E"/J[!#M6(_,B3PPXJ97[DC MK&H:$/2@350;NE#:Y6P,.]=S7=0"Y`2XCN][DNS%RXFN-55NSU)U0G3L;54W M%8+<*9`)65K*4R!8Q'*(XW*LZS9D:NY4MLJNK+$-4[]RS45:]E/:^JL)JZ18VF>Q-"-0U0M-<1Q-F5<%\^,-N)K+VM<3< MO,*NI1U54Z+;JF(DB[RKCYI3IE.(8E`Y?+PO4M;E]8)!JTXJ=Q%FSL%=8-S! M.-@/;T24QA'JNSO=V"FU>ZN:LMQRUXJZL[9O&XAW[AT7@W,ES+5>Y3D:@BN$MIPUY6(A*5&8P[>-CK6FW-NN;;7VP>N57,_8]V=J+(5H M2"5MKO#,E@]X<2RSEG">!@T16M1MP-L55H:A:IL*=IZ0&,91;DDLG,@QP+GP MC7:\S]C^%!6]RF(55V1CP]J46]`"'1H65QJECJZ)1YIXO6&G0C6F='/)'I^7#B;EQ9MJ/V&[16(I-PNM1<6^:.``SUEY,X#$^GEXW1!*N+ M>53>H?0%EK21M0;%79M20%4Q7P7?P$-&JA!N\,*N->_="1T?1 M6]75-3M?2BT*H.0F)'R\IGBG%F^XS&*D+U*VZ`ZYML[/.8C2QG25T3]DE,-92#%R0%(S*W`2FKF8^8Q92)1Y8GB_--]QU2L.V*OC MUDB$+8X:.V":S;$L6LX@(PQA8QY(XN0+;9;D,VBN&+YURG;9ZJR;'0?K.G*I MJ8XSS")CGAPR!O6(0[)3:F+98L6O,U:S1!YY0.I.$X9<9F.)8R_<8QF6",[# M2(\BF(&)F2QG*FP8_(<^>>&5SN6CKM8+6I)[24QBP$`,PDLI$`*C]88\W"ZT MWKP=/0U=')@7=THL'E\V=H2S9L)_TC=[UF+I?6 M7<[@X9;,][Z>,([W;RX6:;UM1)RZ1!8:,KRHZ8&K!P6#9=.?''-P"&7+1I6CI@4;V$L:^99Z`A)985G2$X=G< MCS1PM*;MI25/BTI2WL!:[,=CP`2B!;'GXDYO6Y,C)LEU#4QJ%EC*)'/DSG,#$X+7F[T^3W"4P\#"N= MLARD6"%EE(^43SQGL[9X4LM0#;AE$TM&1SE(+U<1]3+3&8'-ACP2V:@2"FND MB4R%RM,"3"%F7(67/'9Q5&&=ZZLFUHREWUBN&R4\NYW"\N'N;%^XW#_"J^[; M.DH3&FK49F8M>$KB ML(E8IU+Z=2Q75!HOME%&(DVC$6+CARK5](4^3A-QZA%#Y7`X-43%RY4O1%A( MG+:TV$#)AGB,PQC[_P`;_<=?[:/P';[O;QV_#Q\L>^?UFH2K.X[+U"@"2U=M M46X+W+GV0Q:K4$$>4H^+@(K6^E@PW=6<4;C#TNMUM]5%HB%DH4FVZ^DRA2R8 M4QB?T<8VU2UB;QG?.LQ0%F&7T*]=)"X?HRU0GY.WC5K;BVK7DMV%-:*38&I= MMGOQ5M]S".91A[03]%BWE.,>K'@=.Q877ZM;6B*&0+8]OILVGDN.TK6WPQD3\WB,<,<(QP[,?+A\6/#G8*L)=5L MJ)4YDG.>*HK1JPR<(G1*41PQO=1F15!0-C4[N;J;*V"!AAG;D&>?S.-K:9IGIT+2\;W-B_<;A_A5?=W=>Z6C"I9I974)5+%7P$L?4F!"Q&Z5SF)07*.98 MSAC$QCV>7SX>7GY^*MRNNU7M5-EW:JA#3%XIMWKCTU%J8NO7&%TMNM$0E^U$ M>WMJU&V*S7))&X6IBJZJUJ]NV].W(VUSIE@.ML64@#`C)D""+O3/"KD2ZL<[ M?5KV(N`5Y8K#>[M^U5K#60C)=&JU?2/PP24]Q0J;?^W,7R^+:F[4K;H4<"+&V M6VFV4L&1*2)M.D8K[,&8=O#G6;73[=([R=`,;]"0D3<9C-DP73T]T:B[F&OZU5H-G=E@<3CNXQ M&/*$^TMORS,A+LMW(+>LVRF"LO2ZLR9[NB<<,L1,_D\$<7*9Q*=6KEBS'62% M:Q=RG4AF&.'=Q\HIZNIF<>V MJJ02[RV6CW,[RU0*3JPY6G[.:1:D#W8B8QQB.&4(4RTT%)?]70^2E%A2W+,T M$N'IG*V((3&)$N4\!MI8TWF,EA9KVI/LC+$5TI98*2Q_)P@<9GE'%-)6Z@MM MOW"O`#%EN1FVE:!ZA)2""Q:(JLP*%S+N^'=[\<+RVJ<"R%%#)ZC+D;9W6K!S M&AJ806T,GT<<"'ECC$90M4[6JL86P"MHA+6GLA)(Q;5@F9J^^*++V1B7/$<) M:774Y2%6;(/$+DB[(OL]3W<4;3D6=<*N;G;W4!SQY^<8#C(VGOKD6I66^LO6U:Q M6PN$C.1*%)X]`S'(4X81Y^-Q^]9^R5^$&B06N7@-A[`DP4,R.34B)@A2PN1% M&,C_`'_=-AS@"Q(RG]J,9I_O1Q##TQLG>Z/D.(*SW=")D>//XO!M!8LW449=2IU6"MYK M''J;56#`@M6:G* MU@;)5:>]5=GK@#X6X/:&ZMHKL,9*BU9JH3)881!EACRXIOJ2E^72K[C87<)S M%[BQ;&=,ZK*@"K&"2RY2/'+..$^_\;_<=?[:/P:+#JME*+,3-9[4-6FQ`^E* M&F,`Z(Q^;,\=/M].U>L3&.C4KML-P_*R*$I@?CX$-SVV]MQGZ$7:KJV?#MR2 MT!@\/B^&CY8][@`DP1-Q9H^=P+3"B;8BT!,*F&HY%L+BV57'$P542PT;\;OCE&.2E6%8^:%QAV<4RL*5E1("-@*PJ;:Z52$# M#K.&+R176`^:.V8QG&;I#7I+J6FV&KI'54U5#$P5=Z#K13-+4XQB!H'GSB<>?;QDS5H^F$B"JH#-3E[@J$%D MP'0KCNC](8B,F?XHPSZB,VI#?YN'IQ8VRU^+6VA/ZT3Y^"3FKR,IT0*:X:B! MD+"6$@O\6QR+1K.>>(S\43PBQ8T&'7L6K("5=,%)R<$SJ&J80][#/IN2,\I[8PGEC'$P:MN8++C+U@2HJPM6&=5@=G##-*> MM9IE&4QQCO=T<,2.J3)<3C?-1>N^GG,-=E6P8H>6$"NRS;5E,<\=/E\[AJBFJ<-4Q.)U0DE"Y-ZNTDS M_BV,1N31F?-,>;@CPIEG/5ZLX>QB&&H\,8F1S+(2R%ASCR\6+O MU4[-IQ6;#&UA9++/51=19+-/TU*Q'J9[`'N\XX32.$"E1+84J0"FV6)5*$MM ML'Z=B4E(Q/QS,XS./O\`QO\`<=?[:/P5ZYO^PSOK5H6>TH(\*XVP.<\6EF6B M2B&8G$@9AE]'GQX*;`"J&HO-A0?1KU*^V%D".7=#'".+6V[3M`K\0O?J%NKY M!U9PD1>L:'JVQ-1.`K5S#'O8]L3N^Y>-$(!TUKEC;W=.-0OAH^6/>F;&"H?9>^A!&4!&=NR;@M88SA&9C"@8CRS/%GH*NP%94 MVVBLE]@54SHJM[;GLN.;,3+@K.;E9$Y\N:0B9&,*YDG:#'11TVHT#ZBJ;?"P M,LW`A^/6PRQ>COY2B(+E@$<76A6HD_I)Q!%BLH:XC[<4FPK7LYX=JHK9M*&, M9.6)C!DSQ79N<;:1'N-69)CE*>`1O.VUW(LR=H;&FS;V-+*"X7"^^19L,K[= M8-I39=LCXNX-4N:W4>&[ZQ&BIEC$6V;_`'&"&8L<(GTN*AW5[>Y_5-`EW68P M*V;QX:1)Z,N"(PHNLX3YLT_-Y)%%?8FJZ*9VZ;%I6M:3 MYSSCGAP#M'9S(*+V5/70[J;([389;BT)/U6Q7W>`%$,@9(>S&.)GIMDTIN]) MDU/4Q4C?=RKZP_6<89.W"OUN..7`OCX2QBMJ$'1MK+^#5K*O9=4\-FM-5>OG M77?8==AT#$P.!9L,L<;,:JFWLKM3FMTDO76J&P+VY)`"8YA)2PJRE3WYRG.& M;D4SPG;&-V,QKV+)H?,RI22?XCVN"3@NZ9*KE348*$KZ;;8H:;LN.&$=9<90-7J$VWS;5#L8;X26O`!=#2R49M1B(X".?RQQ!7%[.5NGM M0B%-;U,IK?7V?Q`U*5I19)3("[H\L9[TQ'EPXW"Q0IU&:MZP:6HR-94IANFA M%H#FQJ#MQQA7#*!#G^=[NX_>L_9*_P`!L7[CJ-OU:ES2:_=3K+:>HX*CS@&0"^X,]Q>;RSS^&CY8]]9;73J+IA# M+!YU+@(F#D(C5,-1APHLH#BOD&R1V5Q"IG M5*6#@/..-0JCHU*PV*\+A+"*3;26L7!KPRKJ#?7,9HSS!CW<)QAEJW@HPN5J MT*B5.%BK52Q:"RNRAC$L7A7F.[CS^3B8*CAEKMME.O4RK2GI]66'KY5,#JU= MPL&>L'ESX,&5&"X23$1GJZ$"R+^J3[74Z:)K^SVP>/H:9Y\N7FBL:!J"^V5. M76&UQA;`U!DR"7"++4(U0I_3D+$X1,`UDBKUD=2>E7,\%Y MYR!,]G!MZ4TE4$;4MBS6#3(3?ER-A^'5+939BL9U0E18QRXNZD+L)IM`&VUN MKD)L:JN\M,8<3&D$6PSY50$AI@Z%1%<3%8%`::PGF*A[<>SA&W[=OMRI2K#(HK MK&M(+$C)DP.=!ES,IGMX?2N^(+MBI:42;"#&M`M4<8&!2%<2P*/C^&CY8]]> M@ZO5QU M8%$YYDFSWL(@>.FZ8EQ!4IAC;$/;/15KE<<\C7KK]9%OYHC`Y<(C#BXK;ZTZ M%F(.7O9,F=N?81D^$Z0::@]B",+QGTIG-V1P]BZYH:RU.6H#I)FE=CQ`W=+` MW2KZ:2U][P0.0Y&`[V/EI7F[<3K=&S)*S62;]-?UD`"QFRQIXF$>3&.+6.V>JLUKZY05 MV303]SLW+EEEE4U\EA*[5J#2.`L42AP9Z6.Y1-`\VXE486-V22BQ6"H'5(3- M;U=L.F+28,B00TA+/&'#3%U@18QQP)V#86#C8L_9*_P&Q?N-P_PJOP_C?[CK_;1]Y>L5F2IZA3*V#AB.:T@)PQB8YB4QQXHK MI=&K6>E.VZL1*J[&[-6<&/+&5]4S-../%H'6KS7)8@+%/N! M79JV9]8DQ[F$SA.'*'5%6=PS>UMO0E$@KV/T$;76O;H#3)>;JX1J,"!+/FP\ MF/&W1MR$QK;EMT,^N08G1O)W`@2T^D+1MQ-3%@1CD[N!3CQ>J$DE,J'2*)JW M4L;D;O"=ND+$PDU5G8E!$N)9.F6$R)<$46#&S8\0MVD;,0&I70[Q&S;X)<2, MAG14Y!C$X3APRNPBW?3#<-RU&O%=FML]/IYR#,';./;;PVUC M`2O=RK:3]1MF=FNHIV,R11F2LNH@XPSEE$N79C#2J@S';XW""K75V*[`GV,([>&/*N-;(S3T^H MAS5EEQ-%I>FIM2Y7+D8$.'E&2CG\!'RQ[_;66U.[MO<8(JI*0YVKNOA?;5BQ MQH?BM`[B91&';\O$K).ZV(JTCNN<*=6>F9->PC'O?2XB!>CP:". M^UT&Q46`>@4S,VO$M91Z/2G/JXV(9F,_>DY[,.*8U7-<9B86),6Z9,!%-T-2 MPZE9?K.JGN!+H"(&<\YOP3(GS3SC'G'DGBT#6KD;.K@06G+-&ET:XKN[01#6-](8QY_'Q2:Q@,Q@ M:LJFPZ6I(K%^):$9M-Z!%>7.6,R`8\N+1.);DM6\_5V'ZB%U*U5D@8"<+`68 MXQ(\^]'/GQMXD9&1],)1U)22A--UMI9UR*2,2/#`Y[,G;R]S8OW&X?X57W=[ MKA12YMFH*$W+-<;51;"U/]'W(PEU=-^.<.7EE9JB9G#C];MGY.%6!I;FD;J6 M;0FM[(VN;.T-5N&S5YN:$JE+:C>ID,YP3,\R.;GC"14%@"VIB:K?J=<:^YE9 M;O#)W&C:4'5O`5U.>Q;"NYEVJNY9'9U16#L1$::MP-61 MUD1)@CC/.>*!NKBJPG<`1CT:JLC5;MW45]"P&8]T7<'US&'.(%EPC`O?^-_N M.O\`;1]X^E8S2FRN5GD+(<=DP0'\TP*(F)\\<6!9;O/*ZQK-P:QJ@.]JT^@@ M':"4BM:$#&33@)@AQXUNNW"P\B1JN>Q$D]-5+DUZK8776$H7KR?*(,F*ZQN[A,4WU'4<[5&-,:6M"4)7 M*-(EZ=@A*3@F$.'>[L<$.O=->1:E+)B5KKK.HB';@N[%8+-> MQA7A0)-=-0QIB$@(\I[>)-;KB&?Z3D&H="V*+=K:+M@EE`://P\2LWNG?8FU%2'`-9#SO)W%QJ"%9BEMI&/?D\L$4#ACQ6O MS)Z]15I*L)C3RW)KDW,.&,E$UAPY\9PL7`-9B=$X-,SMN6VR]EJ02)$@-[9Q MU=3N=WLCBL:G7`"L5-LHAJ].Q9HPT46;$RF6RZ1<6;*0P7+ERCBRV+%JTZUT MXL=;,#;I5`)=9>9:U9],3GOEF87EF?@(^6/?U;"Y?->TVTNN"&-(M2H51ECU M*^8=]BIQ\LQ'FXK2IVX8B3II2MEK$3+G8FI(SR(IGUF3]?B#";NG$3,&/49( M@,Y3,%'=B`U2GXLT^>>$B\K!Y5`-872TL$?XL:\,QP3CV9>[P>*6QIP),Q4< M:8EAE)F(]R"QY8]O$+T6ZDQC"](]28PQQ@,N:8PC@,JFEJXZ659SJY9P+3P' MUF6>W#LXPT'XY<^&BS')S[^&7T.[//LY<%BEL9"$#Q4<9#/T`/N]PS\D3SGB M%RMD,G+@N0*&3G]#`,,TY\>7GXKVV**$62>"RPGNG7;H,!L8>J/4[(GG/$CH M/S"4`0Z+,PF4Q`@0Y<1,I*,([>?$Q,3$Q,Q,3&$Q,G*\!]9`8<\.SB,JV%CAAE`IQS8R.&$ M<\T1RX9,@02`B61@F#&0383ZD)'%DP?;\D\'&B[%6&K&DSU6/.-3N^KQCS\/ M8QZ6D M\<8\F/#*[U3%A+;27H#%C$E3*!<3(&)B%<^1=DQSX$B`Q$_0(@(1/#MR3,8% MACY/K;4V)CSX1Y>,P MW]SJ@VF=0$JK^IVM@%,]>B!L"9NNQRF%Y,(86;'EP4#-Y*#*9Z88]4`L;XM8 MQ>06PN8F-ZKX\L)RS^3''AQJSA:*NXTVF)H*N-,"?MV=)/;:L:P)Z:9Q&%*& M.P>9<7*8O;9;`-5U[ZC&EN,,C>5Z&'7B(!7CI!-^K:1(AK"0_5ZVEA!8#F\V/&1;K^L5%U=<2&2:+HVBQMV9;5 MM@<=R>Z'-E<#EF/+Q-G5W'G?ETEA.I-3V_N.Y"J9UL,RDW#-A73VP&8SB6&.7G$<:$-W;HM4CGOF3LY;_`+5N6NLW/,]4:U1F0CF6 MCW1DL<9XJY&6"4+53;F$V5I9*_#S=I"S*9O%;=TMID&.9NKEC'-!<7;DUT71 ML$&67KLU8G(L%RV$U[N<)9D^KM5])@C`9X+ M#CZNW4>(QYSA&,]F,^6+20)3"8;RKL^BA?J$K1F#OXXD,S//EA\?%&`$(12&!!NH6? M)TYI8J4>A)&668/MB,?U^-B_<;A_A5?=W6-S98E%FC*F486#JNY*S1,UF#)K ME5P3P)#WM]P;+:\V!A;591=*#7KA*B_ M%LU%25;F*]?=NLZ(X:<"?M.H1#)81I3.'..?%>@!2QLV:SFYJ:D'631JV*E6 MF5L")FX0L+&`&6&58Q';[_QO]QU_MH_A^`M-,1,QSRXX<=92QVY;\.EH61:V2Z=&WGN;%69G'I%E?@D9LQ,#E,XQ MC(Y-V2P MB;X'8;[(G;[8(L=(V;T;EF6LH+3L(;-6,'1/=>WNO:S[?9 MB15M@53#"L1":V^N[V>1",<9.!'&95.XUM=;F"\(2Z0563N.X[QN4]M M,\D1C(SVX\05:V%>H*J;9M,59:]FMMGAQI_5M3*$,L[UFB,<1YQCA$<%<=9` MB&WTFB"69#GJ=QK9EVBF%D0%M9R888A!!CV\O:%VX<);M&Y6T"NJT3"Y4J5+ M:HD6$!.K2%KT\!@B&<8Q&'+M MX>`7Z^*=PJT9/1;*)"U:H5!=#Q*0)BRW$)-09Y"(G-,3EB=TZ:ZKI]ND`BRU M4I![&Z^CF%C!Z5)],6)%,Y>7+GRK]1N*RJ"Y07R"L^#69-V4>F6.:";K>W%# MGC"!P*?)&-U*XP!%RTE<3.,P"GL6$8SSF+&FT"$*Y,E>E&", M=(*W>])EJPS/E'T9Y M[[FQ?N-P_P`*K[OA]CJQ&5OQ&W;;N%AH=15PVJ0&,OT!!UAW":]CJ8 MWE057>MT%[7+MSJ8%RTV,=9I>ECB,#'Y7'AF#H@Q6XT+#MRU;-N!$:>Y;@-J MZ$HN'GW[FZ4XA>\/ M986VD+!'FO+IYNMD^9P!0M?9ACV?"Q\L>]4>V+:VX$.,%I1U)$N$,ZF"KY&0 MU/39]2)B1R8X\N)AC=+7&L]0S3KKTZ\*JQ7BC&C'34VUZBHRKP`P".WB%*<3 M6MQ`5KKJ,SDO:6(B(KQF9]KV/W_Q1A#!M!,XR<9Z]9@9YBCE9D-4CJ*G;$$$ M_-)>,>7B*]AVHJ)K%$90B9.!@ID*W=^/MGGQ5U3Z<RU>B0KXKM2+F2Q\=_`IQG@*]1\*6MXV%SHI)BS M%U:QE!I@3!2;Z:B(,M[9J,H`KIF*TX1TCC%D%GU M,WDPXP6](8-AH2-*G$JRVJUT5)F$8IK1:IK/3'`,1[.+$()>%J!U8:A#QS!) MRMRQJ)G83G+,\F#,DQV8IU68$[$OCGBP)6!SBE2K;"L>M$`&07+" MS9ESZR>?GGBK`'$L%(],$V#/,M8&"V0LCG4E:S*(+MP]S8OW&X?X57W:25=- MDV^].XUY'FX;F,6UWW%7GTC`>B:])/,/JV&B M"L]@ID!B!G]:.$(@U`%:C9VU4KK(6SH[A$=E9,%<&*)6:= MR5SF-MV\ MRFJ;4S6G`4LGTYYS,?%'%!EVJ(5M($T;<;>JO+TU%P@%C:!038!0?'/G]_XW M^XZ_VT?@FB)$(L"18(E,"P?2RG$3@8YHQPGR\>`_\BM?9-KXO>++%8[)V[36 MO!&6'-!=OV93KYSF!!8LQ+XL\\>(65O#-7P_NFS+-B'UA1GAI(;9KLFPA-:7 M`XDD+1,9\_;SXB?/&/PL?+'O>NU@0ROMV\D@SG*,VIVFX-5?QRY\B,1Y<>'. MK/VX@3M0QQY$&$SC/"H>O9SM2[;8W8@=156!\*V7.=(%UV$Y$-BS MJ17($8Y\_=R\;JV\.U+6=FOD%R:Z:<;7%V8W$**I'3"ST,#IY/6]N7O<;2VV M55E5>Q4$>A32B+J=BR(78S)Z2)5N.42U1(!PP+NQP`RG8@`[@$\3"I;R">_T M$V(&R5=>*HVLWS&2!`0QD>P9XJQ9]G5];9%Z/3Z(765[OAFQ%_JY5ZXBMVV* MTM3O$4SDY8\77V$;::J&FXVT4KFJ:;V[W]KJUL]<=/J5;1:18P]/%.,]_-QN M>2OM'4X2,X7:&G*M&UT3T34H1BR':>9=/`N0ZI'51!%G!8C(GE$],AAD:D%\/N/WK/V2O[Q5PU0592+,:@$1&I4(@BB5:? MI,=CAWN]A'%LVKMZ)&P\$+[U?Z]6<)U3F"ZB;4+U&1$3(9<(P[.$2];98;:3 MY:0>BJNJZ!PXH[H.F&#B/ED_E]S8OW&X?X57WVR)VZWF]D^T&-K6E!7*O6!& MT:K9RV'2TK%R&&,1$2S$L.SGK':V>K?9N.U[QNC*%F8V]R:&];B]G3FQC,]I MM)RV2J)SEA'+/C'`Z+TGU9>'B15!D$ZH.U[+8HWH>F.=?ZRR(''TXYQC'O\` MQO\`<=?[:/P4QYXGCPU6V]%U)[-7Z2C&O/;AQ<\)^*= MM=N.Q6B:0%6P)J1?,&U+%2Q,R&M&H!@4&!?K8;AL'@+:;M8MU%@7-PW#D0BY M>BPXU'V'N=")RACE$.WY?A8^6/>Y=RLV:E;(4ZU2H%UVIRR#H,LU!RSY9S\N M/S[OW]G*G]/X_/N_?VX_/N_?VX_/N_?V53_P#UA67+I\?GW?O[ M.5/Z>X_/N_?VV,9P\ M_OO&_P!QU_MH^]4PG*JD^Q9K)39>D'-.M==1]6.?$]5J.[AY_/P31N5EA%Y^ MW1JV$#GM(::L@>LF)UG`9(G9)."T\(]+LX7=%R5TF447NH;9K#"Q>9!I.&&S*R60 MX3/HY^['.)X4GK*NK8@20KJ%:CA,9,"4&?,P3",8P[8XS+:NUEO4]O:%9RF$ MA]RR%4=:(*E, MO.@=I#'K6,SBHU5SCM=8++GEWK#+4%+"S2$+&Q MTVD?;$"[AC.K?GZ8F)Q;7R$0T=QN#:RZ6LXZ;"%DRJ.6&/&YN=5KJKA?VJS6&Q,*+IZJK5J_4$(:4`OBI126VO")#N+4W-&6WWRC%RX9_R>*H!UI0YD]1$V*L31R5. MH+;W85R:V]/I1D"9D>63'GQ(1:;7Z8)05F"!@N.-UWBL5]XPO(M:UTU"49QB M-2.>.$%-+!U-:=GHN)>JF;$.-JDV+%@Y7"RZ=;)Z/D[>-OIUV6K(6:V MXL8"V()YNH(L.$$$*I$(LRJ(B)$ICX^*\1:>R#N7UED:F=6K67=8)@8H,5M# MI,I8:N)3V#C'&T32U;;;9215K2ARE,"ED*TV14@VK)A*-I7%)56W=S5. MF*@Q3D5M\8SC,>L\G+@1B74=([0&A30:QX^T=Z%,`.@;==->H'/"8(/R?2X& MI?I)LIB=Q,[+F$.*E4;$KC2BEP,+<*5U$[51-]5JB79LAN"MNW" MTR"$\&6(9+1*2&)R\A*,V$&JQ8C5L[4M$2ZNRYWZS+Q2LVUR2NA&WBIT'`&+[1E&$1(LB9\DXVN4H7!VB6^T.NTSJLOT M[+"*KI'8K;>UN%$2B!9]9249I.)#EC',2FQMB:X2,,4]5MTP5Z%-2LQ2V8!( MKGGW@D8D9Y?'P6-JV.+$Z*I)4NR$M)`NSA7TZ[[QF0KQGD0]W5&C!D+):K>G64N1PR)KKD^GL@'K4XP3/&$[L.$YN6-'O\`R\NW M@QZ2T2NJ\4*)=2SMU?73O5Q5JJZ6V!=IUM(,C)@8<$^C$\!]65)>UO%%MDYE M3)!N-*_7HM(IYF;)<$?E#';AQM>K5R*IQ4@C6=**TK#PTW;F'9PF;MJ[%UFG M_P`V*8C#MGC:7S0+_1VW^'%/J:M34>W:;ER;2U^NT"[K1:N2*(+XIXKD:%P0 M6?#COI%3I+I7=TM6DP43CA47;`>7(OF\2Q]71(B\-YPU*(5@+;M[L7+@T4U2 M]722AN*\_K6<\>?%&.E(0G=Z+[%=K8`HJ5+I:QYUF/I+#..6<<)XO5:E>!4] MT6J]TG+R+2OPX[9XV\LQS:S&^?-(Z93,SCRXW*T&US_I*MO-1-`G48.D=W;M MHJIM,G6Z>!8S;CS9"(H$AY=N%X*E,DI=DLN*7T3ZBPJSM3X+;&,B75+%U5,A M>ML=/F`9XO2==BNHV>\JNRV^K8MKO6-WL;BN3*N`*21G(,*%]P9Y8SAQ5LLK M!-J4'=OUQQ4QY-.+$,RUYR$PB&9P[W%>P23KR]0-E#,LL5G'-D.1[LE&/D^`CY M8][!#,B4=DC,Q,?),[CFRXX#FB)C-,=F,1/;PY:2K/2C-FLS8KI#*F ML;WOF";.2N$H8,%/I$&';RX5N$+&:S;,5!,3"2BP6ID`PB7J$2TQB]O=%99A#,FX5IL M1`YCC.U$X00QY)QXLUS4H65`2;,SE`)=4.>L*#,AAS;(^@,J=P1BPB2TUH3:,,N?&'Q6L`>3MREQ" MF364L7IKV6C80_I3L)UE:PK/NQSB)\TS\4\=5"A.%*>ZT(D$PD4FW+IL@I&Q M#:Z";$C\R.-M3U3`*X*VV"Z!IUZJWT2W!4K>)Y+#(3ESAW"B3C#&,9XJNZMM M4[%.XUNC7Q*MDMUMN)9F=BN!)96O:C"QC*O&,)X"_MUL>I.SXK:)B&].^\37-D_09709P4^EA\<<, M%P*6P`,M/J*LF.2VNEG=$N&55S:?=/G$X>;GQ4KG`=9;M6*HHS`(QI5Z-E;- M>2@--Z;L3Y,(CAI].DP2G7,U6$,#)$-*8@A+#/"T$>'Y$8\8$E/TB5!]91ZT MGHZE4J[W?&4\\?\`@GB3&NJ<%L;DAZ9;D5`8SIP4EWL^`_E3CYN`\%@3E,"$@*.T M2&<1*)\XS'!&[/D\G#'QN-&4))8.=%I$J43<-(6'!Y1EF;EY^-LW@Z[YK[ ME8K)@1()*N%B&D5AD^B:D+3)%AY.)U&JJE[1N[8D+#E`=E]*Q-8I1$E&?4*. M4=O..'RFRGZO;MTS@G)QEE+-JF.!SZO3"3C]ISX9GOTATE`YN:TF--+-/3:? M?[JV:HY9\N:,."IJ[^%&K?&P!@:6JMNL*7IR,SC_`#?''LF)X#<;B`VJB\0* MK8MWJV#\Y'$1,1ETB[N.$SPU,VZT.0KJ'*EZH8I&$%K,'-B"LLXYIY83PQG5 M5E*C<&;:L6?!D%K88=N/PEG9S8+*P_ M%ARPXTB7FXZ,25H]-TD>I"6"F9M^BS MM$\EYH9NW(>'FX4"7`O16E0$*5Y\M="MPK4'IE2L M"1CH.2!04+>G-.4^KE8-(!_)&?DXBHEXI&%@K64H%VY!0D"8FT.# M?4J*0'RY)PXM*LV(-5O)J*T@A80&CRKA$9:T'*!DLF&:8QGB$5VB*XEA1$J6 M4XN.N;.91CS*J'XN-"6IR=[GTZH.8.O9K2.;#LTK;/CY_%&$6-2OK\\7=(C4 M,>J"Z*S+)WEK>N,H]D1RXKV38O4JLEJ,J0$0,J]:K/=YYHT*@1SQ[,>V>)"6 MJ(9R;(P8D0CAD90B,L$LA[OFX(\H#FF9RK&``M<%XUW M0)1W6_SF(Y>?@:+%:Y:MTIL)=26;2+>U6E%<:Z=;I3IJAFFKF3O3[(X;I4=6 M1W;Q(X(A]5<-K[W2MJK/&3;&45,=$,@L"CR07#\E8):V[L!F29IE[)XV>% M4!=;K1=]H5`>KUSKFWW*8-@WMBO.D3XS83'<*<,>SCH=(#*O%JQUDN5"[VMM MVWUAH83.N.9E8A*3&`R"//GR?93MFG=?NNY6JN>S1($)NAMT:&YUB)E:S1M= M-.M`%+5D`R'/G\''RQ^JOC?[CK_;1_"X^6/U5\;_`''7^VC^%Q\L?JKXW^XZ M_P!M'X)E?9*!VR3$2]LD":R(+'+K6&D*Q(\.0^E/FXZW<]MCHHF(9:J/5;4F M2F('7TYU$C)3AFDV#:PJUNL; M+0W-0$.XH-LA#I@L2!IDH,@3A$K\GDXWRWXYN/?-^O=Z.KN3)=<%-VI"*E-A M.F6RZS8G-`3C*X+R<\#O[V./%NS[ MM8=N%=4&E,VV'88M5VBR27#&R1Y0:O./Y,SRXCY/A8^6/U5\;_<=?[:/P2?% M^YY+90YT;51F/5(96:2BMV,>3'0T)TX[`]+MPR[KNWB[([OB%]56X;E+.EJ)?#9-HU2KTJX%@.JUCF219<8$.?GXCX6/EC M]5?&_P!QU_MH_!95V+"P_)6]H#\?=$HCB1*U:F)Y2)6'3$QY8F)/"8X%J6,2 MT?18DR4P?W)A(E'$';M6;1QR@[+VV"B/-!.,YCX:/EC]5?&_W'7^VC[RPBNT M$N9HP&HXZX.P>LIJ$]7K4Q=$95F'O1GY<.750[ZM2WRZRIN32:_;[="S0'V; MJ@9:M,.MF0+,6(2.$X<;S6@JU!U`42J0TH=% M/O&X6P7]7`WO698,R6"0+%]CRYT5KFNFRK?J2ENT+R:=E-O8KUR,]9 MK%VFH$O1G$89@)X1QMSH7-?6O>&VM@'OG/%O;=V-B"&3T](&*Y8#&?M+GAQ% MYDHC:_9?A5CZTS;,J2-P9=2ZPISK#,Q+/"3DHF2"(\W.A>A=4+MROU$UB7:L M3/U-ES0KUJ\ZS"RQ$&4D(*'$I\W`LFO6Z'-4$PC5FWC;\/-WS,+,VC@HE:>& M7O1./+#GO1V["D,=MNS/45?4BO1ZNA:9G$7L.,R9G$BY0>7'".!HJ"4[D^[M M5*RJ[8L;AM^%FO=PWK;V2V+#%WYJSF"2'`PPF(GO35EZ*>-O^K9CHZ\0M6]V MK55H3G,L[$]-F&>4=[##EC,:::2U)!)78,G"PHLV]RK#-4\V020%&"RE$ZDE M,=W#C;@K5RL6-/IAU:U^W9?-+:*]QK6*1.M,7WO@5L]&`Q.<>SC<"O6L MC52F(9U>ITM6RV;1$6E$A-G)@,?-Q^+X"/EC]5?&_P!QU_MH^\96LAJ)9ES# MB03B!BQ9@82)K8M@P0D,Q(S&,<"IE=AC'4YIFW;U7]82SM=4[7U;4.-(3.>9 MYA'FXM$Q!%-L6"SZQ9RAK.78=-8-7+4-UA(&4KRS)C$\,<2&&;8LP>:U:()F M[7Z6XR%2[2%MI/)AQ&8IY]O$YZHE!'+"@B9(D4[?[*G&,^$Q.W^KP[/+V\^) M7I6.;E6-7K[TV==%8Z:619ZC7$EU3D(PG##A9+JB$IFG*LI,B`]GI;7IX#GP M]2EY1\>//AE.M$55V**-IL?3.$MK3)S"143Q7U("PH6TLTAFGMX4%E12*(8* MM)SZY"MRM!R<]=BSE+D]TA[)C@9BL/<8AHXDR8SU:4[YA0BL#B@%^A&;LXA,5Y`!522$K?8!BPVUK'T=-HMABSKM:4P43FY\^*Q+ MK9.D@82,/L:?JV.R.&Q75"H*/%]Y3D4&:8;.JR0OB, M1`&V$5S"VT[32RJ",!\L_%NF]^#JEG9[NTC8Q4V7"+&UD1:E%A#+%I65Z9[I M@6,3V^6.+UN_OU#8]LVO0.\VS/UJ5V,^G-=9R"IS2N1QDI[WS9XV"MLJ&+&S M1M,LN<]KFV34RN`-//.0"P.?0$8Y]GPT?+'ZJ^-_N.O]M'X(-NVX,('`[ETQ MF:]&OCS:V8[2+Y@=IS\6,Q8_1_X*0_<=T.L[VU9K*.TVHMPBN]9MD@2^NO"< MN'HH'#L[LXVIU>@^A&W57UR%[EMENL:2@ATXC#+I_#1\L?JKXW^XZ_VT?? MU-!*GNN7TT%B]\UDA+EO9J,:*7E$#"?R?+PSVD^E5-;5HD56&6?7'3&X2OYN ML\^EB0Q$3F7&;XN%51N(*P]8.2L2QU%L63ER)1&3%B0DQC'$AB9CEP=@-QKF MEUUNJ-9Y<;D"Q@UT*M.V#@9!#9"Y6?8')A&$#E3RGGCCQ!;BE%#/ME#=5FF MT5Q?3[B>DE+,*R6A4!`EG^;CQ+5W*YCZD1G4[LLLJUJP8X3,:R^?R<+%U MVJMQ556S`6$:Q6U0NB1=*Q$HR%FCL*0[V&'$I594QL'95*P+$H92)86PF/(5 M;-\''RQ^JOC?[CK_;1]_MRR6AR*^ZU[EI5B();*ZDV0(4\ M,L+T!1.X]2L8*1D41X9/9A&!@,!F+,]GY'XN-GUI22-L]ES$A<,%@-79F4+( M=&*8BU:.VS&'&7).$#ASQVRP`UGNVVGL2M#J94+F;?4WFI:&'2DH"(]IB03, M<\L]G#S#I/K3MO*PFG8.AB%?9RI-76L0HVU$C'+CE5K!439NFTATU^%VDK@U#:1 ME(6?\X//TIGBF0Q636&@Z;-<;#WS&YB.YKI2+7Q+'C"]V/.9?.",(PXT+`@U M1UDXN]HVM*O8'PZ&RF*MN&!0QNH&,.+_`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`8PC-A(UR*8F1Y\_) MP27H-+0]);5$!Q^M(X\>C'XN.R/Q<=D?BX[(_%QV1^+CQ/R_\2\,?L[S^'^- M_N.O]M'WN[K%J>K3OTJHG*%X#M"WVP=!!AE88>S6!GGGWXXW!+JML2HUV6H' MZM+;"%6U4R,$Z^JG,UXZ>K`:@3FCEPRXZE;`*]FY6NC)U(Z0J)B+EBG70LI-M(20K;QJG8?FF MS"['FA*ZJK8F>L,7&C8?)R*Y,H7$EV1Q?*I9`$;5L2]X.J M==3`N3%NV#U&Z?7JS5Z^`R$Q@7/GV<=.*K=MC]QNUE#`U%2`U!J$P%9G+ZF0 M&U!",8N,8*<.[QGZ2Y%<[:*E:UE5*+1/W+V7G"89,K@+//*>!2OO1'%6LFK: M,K,6"Q]1&DNO??MQLR$Z&6!%Z)D]."E:Y@B[>*ES):J56VF!!D-5PO2JA>ML MSZ;6%7E45)U`Y.!D0,QSGB/]'7NIF2^J9J>I"HVV=V%Q,FQHP#*8SY.F]*GKQC"S\,TDUZJK*MVW/&KN=W8KMUE#< MZNQ5J]:Q3,S-#8,4I%H*(3'G'&L&];BVTFQ[1H%L^QHJUJ.ZNW9._6'@-MD] M53G=%F8J.,-EVS9/%6UK/9Q9*YZ8]AW:P3NBV^6C>N.LC%FIM@.E3M3,M\Q`]SN\>)* MN\47>RJIV6;1.XT8!U=MZ6G5!&\)]?8Z9J#99.#&/V=Y_#_`!O]QU_MH^]:TK#H8U>Z+S90[L;GN0;D M4Y>R900D`_M3GBY)7F2-I=Y?*LF&QUVXU]R8QS\<]MP'6A8R6&"\(\G%CZZQ M74LW?%5;KQ`*92;X753ZUR'*<%FM)D3*%F"7(P0D6`',?'PU MY77(1:HJVZ]54E4]3579;9E8I-K<'WWKZ=#,#<5 M8AFL9=^M9JS7]4T9Q'-/*>6!UPW)XI793:V]6@HETV)W/VK$L'-'63K=S&9# MU7+MY\4$SN+B32M=9A-:MJG9Z]VX:J'C$'2)A/E;,N,&KEA'/AK+=UMDG/AK MLM=%;6@=NO[;BT4]PK;4WYECL(DY`>41'$,?>:]^#`)N@I694[06SI#3@BB) M4@Y/'YQSY(Y<5JPE)16KIKP4\I*$J%4%,1RB2@?@(^6/>WO_`$YXG_V%>]\- MBA?O9AC+*R+YL^7".!V^=RN=&N98"NI9D# M$/[_X^?O?$_WEX8_9WG\/\;_<=?[:/P#7PICY6.:$IRZASC$8 M1)D"QCGS(I@1'G/"[`5++AE5][]%M0QKJVR\JA*U-*F M!2_TVECST9&U9VPJ:RT8@I>L:[F&.,Q$'QOXLFTQZ?0K*N:DO*Q%WO_`$YXG_V%>]\+#W:M5YE))>.!#(3(C(E$QCFB.&M]H50:JH#EUM0<]@C$ MO5AWNYERQP$_UCHP)0,Z#'X&&H`R4'&.'+@2'Q%MZ\,^'>YKRYX&.WD10N.% ML9OM`#.((HL'W@QPG",A3CQ.._[;E["D<9GMB)'`O+/!B)ZD"9##(Y0S+.&> M(\D%[WQ/]Y>&/V=Y_#_&_P!QU_MH_`-IDR50R4EF@!9&*7+?`-4?<;-X$(BU:'>!M"Y3CRXFM/41(1CR MTQXL%UK539=>8?J$/$(O[?5VYND#>Z#UJJ=QO:.G&9\@\_BC@[C[SW-FQ0_P#3 MGB?_`&%>]\7*,?)/.<.6'*,>(L(KRQ36$(F)J#,0%Z,"7/GAQJIHLR01=IUA MB<)*)&1DN]A(\"J:9P;Y($CJ5X$S6LF'V3A'='B?J6/;,XOJ8KCGV]_R<2)! M`D$FN?+WPG(4]WE/../UL/>^)_O+PQ^SO/X?XW^XZ_VT?PN/ECWO00Y5>;NS M>(:L/?\`0IEVS7%ZK<.>F&.,\?\`F_PQ^_=Q_P";_#'[]W'_`)O\,?OW<8SX MP\,#\+?#Y#/SE,L2$_)ACQ_P":]C[WG8Y_+RY\$^SX MN\-(4/,V/8T%Q'QR648QXQC](7@O">?\_7_*QQR_2%X+_P!8#_*\=_\`2'X( M''LS[D`_BS-X_P#W'\"?ZU5_*\?_`+C>!/\`6J?Y7C=G%O>U;RO[\GN[MXE0U(U]KU<*I04V+P514R\ROA.&2FMT27XN'[ M>.Y(VUJ:;;PG8KN>MB:^'4(O$%3PZC=A-FUUSI7-RO6JX3$=6=:IA->J6/=(I MYQQL^RLW.ETWB%,/V3>JZW6:%X#'%<0`Y7)/'D4%Z$S'DGC^JP;JF#F\[;5; MA-2QH,MIS!(:&.L`$X)&"GEY>SA]%GBO;:U@-_+P[54=&ZQ]VX,*@FC75F;7 MJ=0+DAXDV[RI;QDZQE\\9_8G#9+<;JG)O$]+P_;W M.NNW5VV=ON[E975=]"^_TN4*8GYIQG\4X;ZEF\;:C9O#LJ]H^(BSMH3%@0*O M%5=?599>[-R`9[?CPQ+>]H\05-YV:K;KU=VLA1N5+>S]28@%FUMS\6LJ][T@ MGG^/!>UMOJOD=6M;FQ7KN6G2M9M+2U)F;$9(QQ'R\NWB/"L>(J7M#V;.XF7L M^[IIP"'],WO8@_I)U/BCEV\6[]#Q;MNYG2*M#*0T;]"TP+#H3J5AO0OJ='TB M@,9@>-JKV_&FUUW[U4JW=N6W:MUP97O3EJFYH"Q=;5/EWYY>7B[M%Z`BU0=H MMTYDEGW1,&+*8&96U9P4-CXN([/ M<]#'];#A7QM?^MW^)^.>.?&[:<#.V>SY>(P#R\1,+D\ M+,8Y0DL,RRP[(GMQX_F[(_\`A'A^/+Q]$4_%IEYOW/"2RY9EGA7'_BUKXX3' MDYQ[@@L9-C"$%A':;#F!`(^,BG#CPQXW9=UVU>UZ^W7+WB0%GN M3+.XC;7DB'-7CZLLF3\6_;2\-2-MVGQ"J!*2#7JPM+*\XQWHA]4AG&//QXKV M+;-ICPN%/:C\1-=0O.NUMP/;8B4T]T.^#+.GCS5`L&,<9PY<>"]P5^;K'@W: MTU&1]%#*^IU"(+T8:K4'-''Z#ZEKU=WVCN-N%L[K`HV[7U3-$\X%^<V!A?/'S<((9B8GQQ&!1V3'MR<,)\W'BG[]W'_KRX M\;5ZT9K-?=MFO6P#F<[?!)C/(QSE2C24?MN/T;M_Q4^%(5#/F2Q35Z@9NS.&/../T.+.)!@[7LQ$!.!V/:IK^.:B-Q;M%V[>;=K7;0I&+@U*$`D*UN:I>KB99Y?)CC! MMQ+UD&W-Z4]_%F;]M//'AEJ/YI>VO:7[IGL(8:)=GGX\3TA0U5 MS;_$^VW=RKFHUO718BN*6-4408JA@X\X\F/'Z2;C_P"8,V6I1$B^C;N#6NBN ML/(;0ED?)FCCP9X@W$HD/!9W:'B,B[TGMFSUBW;:L\W&9N MX5]_ML#&>4,J,D$1/;`J5@$?%'#/8WA4=L*E$VKMJKN6Y;G`5?H?7C9S+KJU MF#W^7/EY>/T,+4R8;!R&&,1RGGQTNS[=9O,QB#E08(3F["L6#RH0/[HHX MVM5^W6LOW*NY\KK"S+6E)*$ERQF&MWF]L1'9\-'RQ[V/N??_`/8]SW.WW,)[ M/+QZ.'',,>&2ZO!:1#("77#35!D4!C,\RYSSGB..SCD'R8#/>PQQ^7C"2K^2>8XQSC'T+RYPQ#=- MA&<,,O*-RPPPB/)[E>_3,5VJC(=782E.A;1]$]-X,41#VQC'*>?#-WML!U]K MPLM=*$"+'KR8&:`6-V>< M]LQ$1V1'#=OL[CA2L3$V*U2G0V]=G+.,18Z&K7EPQ/D+&..@I75E1U-8*=ZG M3W&LELS,RVNNZEV@X4I1J%`P.J9CT2B8X"E?N!T*V:T4:=2IM].7?\\Q%)*0:V/.6. M'$;?4N*91`Y:FI?HTMQ1784S)'6&ZAVA,E./=PC'A6_V;Q6=U00&FS84APIE M6.E"JQJFJ`)DL1B`P$N?;POQ$=S#>5L6T;JD5DEJ+'()FM*00PI"<"S#.:.W M'BQ=M$)6+32<\@4I`DP_2*%(!:@S3YHCGPC;Z^X+.M4_F0W*-&^='_(W7*[F MUXCR83A'DXL;O5W2S&X6\T7'MD;/6B?I+N*L"Q-E?[4AF(\G"JFX7!Z)!ZJJ M-2K5H4H;S]=-:FI*V-Y^D6,QQN>V5+1)H[P*0W%$"$Q8&N1$J,Q#)KPS3CEF M,8Y3P5W9[(U+1*E.OT]9YPLIB2%?4I;IYL.U;(6)HJT*DA4IU90GE@D9J(1.D&7NCV#Y.!N;K8 MZNT*5U]>4H4PU*^CU20M>L8QRS%B6'E]_P"-_N.O]M'X)_CGQ`AA[3M6=FV5 M10;SO6T3A-D:X01O%#8RJ'#ON_<\;G?L;;:1;M;D.CML57]2FHG?%!7`E:>J M9Q7")(L.?.>SB]3VG<'4%[G*!N:.$-G0(H'39,9ZYX,F)D<"PX\,?=MW_KJO MPT?+'O8^Y_$'^Q[GNQ[G+W+`E';(X<''DQ]R<\8?%P\8CFZ[35'[_/\`^SQ_ MO>X4ERQM4XDOBQCCM_7\_$=OX^-TG#G.[[%C^+UW4!2 M4QK%+?458E>>"W*=ZVO\`KAU.4:N2OK:/M,58^S\?_HN> M/FY\:A=IMU"GXR/,4_CGCP\>U;C3W$:]"VMY4W@^%&3:TB+)"9RR4#/PT?+' MO8^Z-_\`]CW/=[/SC^>U/X]?_``\-U[];G$99%Z\, M?Q\,,=QJ%GP]*PN,.[V$TZ9OE-DJ]B=VQ?L;G[FB!K"=-S,S3%88)4;IC,4Q&8H#"(\L\5;*Y M7;*YN-O;4UJN9KY968Q0-C+$@:;9H;IR,SCISP\)JO<-;HQ>Y262I;KM>L]: M"++R:/5@,_MICSQPL6[5?63FPE4'6:.=I"9PL<8]+*LOWL^:>`V:"&G:+J1+ MJQ8$*950UQK:,#)B1:67L[9XVRRM16IW*C9W#IZRVL=3KUK'3EU49<(D^11A MCR*/+QF]FW<.F"[CT[,.D8,FNSSCZ`P&2@NR1B9[(X!0;7?)C4#96$5FYBKD M0@+8C+Z$F8Q\I1'ECBNWJT.)_I(7#(;7]2ATP[,,#C$NRV8'-&/R\$GK*FL$X&KJ4ZH3F@,"7GSC./D[?B^7S>[\O9\<^:/C]_'RQ[V,OI>Q_$&'R^QKG'>4R?W(3/&.FX[/]WXN/1_W M?BX''LQP^/O(]>W#\C'NSYL?DXY\_=/=#-V MNA*@`0+U<$+@RSD[>>/$XE&,?CG#XN/_`+/^'C<_O;8O+$^3BRAC5K M5*5=9JA`7(:*-RK[@^;&7%D-'=WDH9Y`6'Q\6=*A;@W!40)F54I--4-C`-0Y M&31,>R"[JL!/5C-CDCB,$7$>N0S50RL31A=WQ):+`'K8AL&.^P)`<9&0!1/( MN'VJE%-:M/M.:@+2B+B#NTK-5.>YDUC2EC\^GFRC$8#V1QJEMSE+79&Y72EJ ML%G5N(M4:W?'^;8*D6>7RQQN\V+$4;%BOMU>OJ#+S3%/P[8VA[4+@,C9MYY7 M`YHE8,Q\F/%84;?96I!J9I2=>,N3>-FW4E08#G?RVN1U63+#(\Q>;AS8C#5: MUF'EC4,CPGY,?P7QO]QU_MH^YZS#IYW#9XN9O0Z*=UI]3JX\M'3]/'EEQQXW M!>S6>B!`;YN=F0%)5[.[4D;4<4U:HFOIV#:Q:*LLRS'G$X\6\-R4B71XH6B+ M85EU*)[5?HHI%+='/$Q%DA(CSQV\2;M7`77@,I8E)>C'$HI7"G&[XOND MVR[;*ZA90WB%K788]`CTI:Q,:(^LG'NS$1AQ4L/LYSE?BM$4_4P%)=/>?+BXXMP632W)E<=J8BL?3IJ>)ZFV@Y M>*\\?5R[VIFQ-D$.&'&\(FP3Z#:CGHU8JA@5+Q%2I1TZ58V55X@I#%Q232#- M$#'+@[;>EM2C;XZ_;+7JVNVSKL\6MLL\B3?KV1Y0/TG=BJ9O M7BFP$2.WCW=O)[3)KGIA2:XG(DR,IL9Z(Y8QXO-KV7ZFZ;ML2F@LMO3H`_PV MN[/3LM)E:B(UPL=3-W>7I<^*@'N>EJOV2HV*(T6H+K]GN6[3TN.NW,1.KQ(3 M$Y1Y\IX0Z7K$!V_;2;G914MY6]E?=:X*Y!U;;968Q#),+RK*,.WC9@M;D\]/ M=M@LPR%TEEFW+PY=MN7A%;)IZ@SD\L0<\YY8746[D6WKA-D25TITBK6&V@2^ MBZM`EH,TP9G",(QX5@1?2KCTICE)Q$]F'%,N0Q.UIC#XUYH'^]QZ M4<>B7XPXQP_)QB8S%V_-RSQN&<)&?:UDL2C`C'2#+//LXY6?.1G\[MPYS-NVS<*TFI0Z\7IVN&!8RLG2E<;EW+>E;MF%>COS`SI2,G>\ M/VAK6`+`^Y5L04&':<8X3Y^*%VK9>WJFO04/4*H:59-4W6:@Q.IT@6;!)[_. M37,_%"P[,[`#']V4#_O\;II6[%GI=W51H#`(45VF=!MQMLR,]-9J*!'#LGO> M7C(%FHZM`[9)/&PD",KU.O=:FLHRQ>ZJAV:1CG(83\[#BXJO";*J^N27#93, M6058OUQ4O(4P5TIVUV*X[)"?BQKDMYOUF6P[X"&$5D;.CAT M=#U\4^IDT#:TI*$]9-63Y5NKG2S^CFX8[+5(%AJ1IW:Y387TE2]+*D9L7K&I M=63*L\9[8Y\3BA$YM6"Q4N M7BOEIU1Z3'IE-?`/4R7ERX<$HJM8EF&D:Y0J0)6:3A9!ERRN#*9P M[,9QX5C2ISH8PC&JCU.)9YT>YZO$^?+R\8G3J%,OZJ9*LDOK.&'4F/*7/MXTQJUA#*09(KJ@,C"@V!E@,N M0S&)F.R9CAK.FKZCY"7GH*SNE4Q*I<67%DKF,1Q[)X:<4ZD&^9EQQ63F=,D) MSJEDQ9B81//RQPHWUT/-!9TFY*VDD^7?41B4K+EVQP6I2J,SMUSU*R3SO@I3J,AH+6R#KI/46F<4@>8)S`J?1B?1\G$3HIB8D)B84&,2 ML)6N8G+RE:YRCYHY<`SI*V=:I0L^G5G6B<8E(%DQ!4Q/HQRXRE6KD.*BPE"I MC-7Y(+#+VHCT/R?)PR4(2F7'JNE*EKEK)[6-D!C4/XY]]'RQ[UTC,B4;#XDF M)CE,3[$N\XGR3P4,LF8=(Z9%C,WY/HQYXX\_F^3M_8XJSA.'LI4AYH&'.AG_ M`"N$1,X8V*\?C<'&WQYMN*/Q/P]Y:_RR?\")_8]R?<[.(XKE':=!<8?$)GSX MM%'_`#JXP\WJIXW;[VV']C<_<"W7RYQ@P(#QE;5-'*Q1Y2`\"CRC,$,X3$Q, M1/%=@[=2!2;'5M0.:.JLCJFIK6!"\-&RW6C`<2;$2OFVNO'>/&0F9P[>-T;&W)46YT*6W]VU:GI1H]'*G*F2Q-D MS05CFY7=1N%T9SR4L8S#*'H`,1'%0PJ#3940BL$IL/,-.LL15"E,G+7 M[\2RG M8AV(JL7*^#6WMTO09RAZR?T\.7`5IK5I`*;*7 M/5G,MFTT-H*2C/VZ&WB7[HI\G!C%&L'J-*M,NMM;6+I+M`G2YK29;+H[Y+&& MS.007^3S$G*4K)8W&S&EG]+)/]B7>(=5:26X2.<<,G!267N&/EGBS97M/3NKAKJ=%JW$+8N8D9F-6,S3=G^36 MC#Y?=CBP4\H*X>'ZRQ'WU;_(!_OM..'E_P`Y9G"?B%63C=L9_P#%MA__`+G[ MDIM@LTAM^ZVLK;!U$RRGMUFTG7L+F#4G55&:8\G&Y,IV4U:M/H2^L2YE4564 M[:3GAN>2%-IB>X9DSS-B`S%ARS-A=E6(W1I)UTNK:Q_4-29EGH2/M$)"(SPX M1*0F8PQV^I39%A=C8#W$G-UTBYRZ>XV#:*^;4Q]5C*'9CV\IXVY6Y78L;>ZW M91<=54Y9JZ"Z5.X,"0RTA@AQS#&,CV1CPR9IKKB4*&O"]P?:JML496YDB0S(^C/!5*+M)\^T[Z):+W`S;)>2] MF@R`=*O#%UCDFE/>DQB(GR+/;V=*`*S/.R1M&6-74*L,SB,(7B;,YSR&,.$) M:Y3#L:I+R041H#9.NBQ.;_%VLDF/[7@]EV]=BBVE=O476F0^\FY%4D*4_`(] M19)DF38Q!(*PGM](2M\M+;;;&P)V62_\13&$1,S/9'$[61P#1LOJF8*;9[]:60>DI(ZKI*5=V.7QX1C M,71W+K6.T(#STG:]D8 MS]L9^&R%CIGQ=P7&5]A8[:M.^67M=,\RM"G:N0CRG+A\[&-NG;;Z7.:LSL%I MV]_>XI^E_,!'G\;N>' MNX>;@:6ZE8![FM>O3K&T9#-`8XA/&/5VH_\`R%C_`(.!$;EG-)",9J#XYE.$ M=L>?CZ9G\0V/_9XB-2S/QQ6/B,"M3Y\*\_\`M3'"[-//H15!>+ARSJ1,X\L> MSGQ7&/G&TQGSC/*,>-VQP_.VP]G_`.I^YU-;2U-)Z"AR5V%&FTDZ[UL2V"`Q M8EDQPP9>@L^,1C2ISHKF*0S7K>IRUZN7;D1IC$#@N(\^(^MKA*B2565TJ@31 MT(KP`4)A7U14Q47F$,,V7Y>`NYDK>JJ=%4(K(2E=5B7H)0(6$*&-*R<=F//B MO<.Q]8JV;-M!PI497W+$V;!2&3(8M=/HS$CAR[.!TW)2`9-)*:E92$"O0D%I M2*X!:XFN,X1Y<9\L\++5KS*Q@9STJIZV642DK.94]0=;I5:4ECDTXPXT;+M4 M,]9DX@$%)U*LTTD11$%,Q7G"?/VSSX$NI!DA6HU%Z]:N[25MB75J,JU%SD:A M%E@P?I=^?+QE-J6AE@8!U.JT!D=+3:(L40P].E&0^T>?GGA82B`7730JUB84 M.M+J;?3Z-*#LZ:I.#QEA\HB3\G+B"EU)8KCX\2%EF)@P>!>I3'=L5WU6\X#&))-DX^+'A;)L+@EV*]LE--4QC\X,>! MO@*`L:+U/G05*[?5]3%PK*I#3;U(6B$N7HX>;C6?BXFO5L:*2 MU\P0`XN`X[#` M\)\G&>+"XPB`RQ6KPO2&TVY"=*%Y-'5<49<,,DY>S@Z9L4-4\(T$UD(6`BT' M""A4L=,`-0X1'FXR"U`+A*D*`*E81JK4MJL*D0OZN35O.&2/-D'./$?68Y.; M8CU"?I7'N1L+T/*6[V/W_P`4<:4-K@N%2H`72J+%9'KY[2A!40JZSJF8M'`N M_/`]6R&976K$8+`/6W26=@NY$>F2HY>3WGC?[CK_`&T?@D[50C+CZVY:D>>>`#\XYP\_&XT=B!!U]OM4Z961@3 M79&'#;FXB7L+:R#J1C&)OVIC.%(2'O0J`[S9CGA,1\[&*X?U7?LGAG;2BMM] MEFW+2=C+$K63'`,E2KS'T2)D?/,8\A^%CY8][:4L2-C/#WB8``(DB,BV.[`B M(QSF9GB/]%[A&/\`^$=_`XQ]E[AA_DC\/\#B?J%OR_\`9FX_X/%)RLR\BR\)MU1>"X3"R%RHS9LQ'/S^SO+`+GA\GDXI"PP*2J,*,G*(C7GMCR<_<#_W@3^*?][B9_P!WR^[AQ3/2 M'Z*1RYQC)*SF.V?+/FXW:>(SC^<_R?<8HIPB-OW5_P!"#YQK;=9? M$"L^6:97RGTHGG'/BC5P==VNQ5NV%F_1F;2ET]RC47$".F8.J^@P!-+AD2B< MN,U7NW.RH;G26EAI0^RO;WSMNH+:U=!F5E`7Y(F1@'<]"9*.-O%:'Q:/=KX& M]KJSAL4HK;18K8%6'3<^Z[EM#5CDC4S@_;\V..&$X?'QM\HZBI)[51%<"-6 M0FP&S#O%RQ<(5`QDVA9E'RP7[6('C?\`;"ZPJZ+6W[;5LE%;K5-;X@J;:5GT M92$'GG$8QG)WE#:[NO10W``K8CG`02Z5F7,L>S#'#AM(ZZ->RUMT&FA; MBJUF^*=LVFD``R)"0T5OG+/(A9QJLOVDJ0M!72;-=<2=FGL5D.F+29E%9;UA M@4$1Z?+#-R"RBQ8>X6T5.U0!:3Z[;W7@-`80Y\A_M#`%"),(PPS1&)#0=9998;%4K!)2NLFL:4*\,G84< M0$G)V(WHHS?M<9QF>-066JZV6K=6FI2ZOJYF_P")A7U+?2UEUPFIB][.CZ2`S#EJ]9#V:2GD!M)>3-$E'%A[G.KL$SBO,:.D MZ*\TNJ`5EFL-8`7(QGN`ONXR4EA$6)*W:08[E6KH>-?E916\3A+[64<)3FV2 M#7`X%!%VSEY[41YU7>NNLUA4ABG(7N/ANGI6@:,RW)&XE(1Z/;CCCQM4UVV& M!?MQ4M-,%`"+4E7U:X(P%J#4%C$^+AZ%/W(.FW$=K8QR4Y6M%6]$^Q5,8P-6;:QPCM#-,3,X8\-G4=0@ M[M`12D:^G-)[J5%S*E><6S(/=,YSD`DXD(B>90[XW^XZ_VT?@K5"QO9^']]W)E@=PN@AKKD1F(*S:C!J/2"PJEW(G&0.2 MGMX.A_6&W/A:;>+M[PQZSWERC'S1\+'RQ[VE_D.\_P"RK7';^S_OS/';_?GC_?XD<([M"GV8\\8. M?+[N/FX/XE,_9'A%EMEM9E=+$1I@LX*);)QCFX3EW"RS6&2G,E,3&'+LCX^) MD+;<\>AJ)##'_BEPV;+PLEJ#`3HPLEKB(CM@IQXQ%<8_+_P\8]GQ#./['$2, M\\?+Q;$+#HC4@9$3,!QPQG"(+N\>+H-S61&X>$YB&--D#,EO>.7/,X8^YF4P MUE(FN2`I`LC0E;`Q'"D!M,A+!S+$9HF<)^L.,_W13/;/!K"[:%;0 M0M@"]L`:ZW\W`A@L)%$>C'DX-H67@QK!:U@M.#8T'18!AE$XD8V!@XG\KGP= M8KMLJ[-/41-ALI/1@15F7FRSIB$1'[F/-PE8WK<+K"05PBPV!0!D)D*HS8`) M&$3R\T<:PW+(ND5KU(>R&9$F#5!F@L3C3;8&7IW&VE[(R?5[# MU`I6:&:*1AGJU0P>>%?6)J2L&KS4C>DC!P(`U24O/)7PKCE2&1(3S$ M8X.O7N6D(869B4O8M1ER[Q`)0,SW8_%'FX9I[A=#5`E-RV71J+-C6F!X%W@) MCSF?C,O//`"FS85`9I`5-,('.:6'E@9C#,RNLI^,!\W%276GV(HF+*J[#6-6 MF1,68`!%@(E(1CAY.+=D]RNPR[FZC)9<(FLI;,(RY_H`AQ1`^8I\\\.PNVHZ M@]1_KV>N9IFG.SGWCT6$./Y,S'$S[3OXDD*Q3U;\2KKS9$SW^:QSSR^.?/QI MQN5Z`U(;DZIV75&0D689_3&5Q,3YX]YXW^XZ_P!M'X.?".-7V.3-68Z?ZUGZ MN+OT^?LUX_)[.7#?9%A?3V"@WTK:M>JQD1EU8&"`U-RQAB!1C';CP6W6W5:E M!F&O5VY))BQ`SC`O:QKG$O'YL3`SY?AH^6/>T?\`(=Y_V5:]X)^1NWUOQKE@ M3[PHCR@XB?/S_`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`AX5T-4Q1=K;=*%*ECQZRWM=&W8J((R8TY!USD,S M)1FB.`W`DC+%W:VI:UBA8W4'3V\]GE<%T\%T>=T\M3&,<<(X%L4L&6:/6"*] MP:,UR7LOA_<.FKR]Q+P;8OM'%V?")^+BSC3T5$6?G8M@W:D]*IM$+26N.4VM MQM222$R8,X8J+"8XJ[:BD9;?>'<'.I(=8L_6=JW'?-MHV3^L!<-Y3:JQ9&CN-.F;$6W$JC4=8OIN7A>J5"X*JT00F<9)PYQSXH2T#4=N MN";4JM/%5M37>&&:D.,X%\$.X-S:8@H2C+&:5YY2NM3%(V=QV2PYJK5J74H_ M_P`FJ$2WR^24#.D7CFY9V?N,$P%/&$"6NN+5UD60&CX8M-88H,[$.CVK8A8I MB(DX")C")XVRXFH="'W&UK!6&.URQ8XH8I9L:DZZ4A`EAD:A@Y61.82XW)3= MLFM50MZJY#=L/<2X+=NCW6$PR)0%@*03+&E*)^8$ZHX;25),(GVK-5WUAC]4 M4U]BM"X]4S@"EM]D=W`<(B/)QN]NQ3\\;_<=?[:/OMSIQ602JVW5K%1I2S%MQA9V5FX%AEZ;,8883 MW)X9TP6+3%W*M?(-6S@U3MR';7V*Q"N>H!#LPXCREF`_.CAT2;\4EDCZJ_ZR MSJPH$NEW,+9KO-%10/8<\;;94BP\-QW"K3RQ6L0Y0ODX,C3IZH-7(892B.?% M@$,.>G`FE))8L6H!C4D^L9C`V$PY!#F'EC'R<+W'<4(#;KE)%VJ507&]++3U MKJ[<3$)(81C$E&$#$Q//B[,*LS52&U='EI6IMW#W(;1#I5\F=BR!$$!1&&7 M&9X<$`\J8;;MVX(MKK6#ZB=Q>Y"D+'3YM,Q`0'TB.2'YL\5^DACG/L4%D!5K M$#579W4-L;UDY8Z1XLA@B)X8FN?@H^6/>J<'I*VO?6#CV8CM%N8XY$J,?^BB M?Q=O'T^.;R367A''?8HN?E0'\+BNZTT6ET\C$BH4P$:I=S+$\Y]X3$LR'C'X MIC#\4\=9N:9?:ZVPG/J.#!:2'*("!1Y)[>(ZK:SL98Y$VS8$HB?FQD8/E^+B M,-G(,"B>5NWWH\WISPM$SIS))AI0N2[V M.;#CGMSIP\T#'_S..6V68_XD3_[7%M+DFIX.C,)=OT<3V>2<./%^;M]H>$_\ M+?/Y%>I7=:<4%,)0L MFLD1C$IRC$SA$<(M-K7'S<(*=9TH/ZP==<5@KJF`B#):TY#0]9I/[W^[\?$2Y+509-7&H!!F-!0#P[T1WDGR*/FSPXZ$GFZ'3( M(;!FY35M7*T&N#QF.[(X\-3%2[:W`\;+EZ3662ULKI>P<)/UNK!8SZ6://Q, M3$Q,=V8F,)B1Y83$\XD9CW%R:R"'+AJI(9B&JS$$,#'TEYU3&/G'WGC?[CK_ M`&T??;D4602=MFRMJE(%.@S:Y>+M3">\%I%@@Y>?BF,H%49,WY7Q<7LJ]G;%B;F7J:]ES+(7MP&^ZO<.3P0L8B0&51,XY3[ M1PXVNM-I;[FW7JEV6OEY+;%9S#Z?5G4L3"T,R"98E.2)+MGB9>Y+DIHLVRH* MA8+"JLNMMD=K/W8=@8AW<8[LSY<(K5#W"M*=K537MJQ!\!8.A=JVJ[]SC&<& M0FI"O5XX9R+S#PR3M(U'](QV0&9(>KQ([?WZ>/>TIAVD&//EC/!W56-O!B[R M[U>J"[2J+[$#>2^W95!'TMJQ6N1!:.,$:\TXX\DJFV!J6>W2?JR$S&IL]W;' MY>T(MHTK9!.M'4R\62(]W$,DXC./" MZDOIM$-LV>I.8+``5G9=Q=?5W0G-T=F'9"YYPPY8\#"&;:A3CVUMQ2DV!!9; M9O#MU7%/O%)ZPOD#)G.2C/YQ]S^(/]C7..4\8\#/+M\O/^]QMJ)6 MS5BIJF8R.4H)DP`Y2\H99Y\$PJHGDLF&>PI4L*)PF//RX_F-/_-P_P"#B?\` M1]3LG#!(Q.,1,]O#%U@THAA@R"@9B=,SR9,ODX:ZP0\][NK5IQA.F*T2S-,\ MO2GW.?`<6?\`*7?]:7NWLL3WPIG.$%/>FO$3Z,3Y!X\8*X2>R!&I18F2Z=0CM*=P\ M/L-5PH&,;^B-W.)XN,<8YQEX@%>Q0M)K(]GFU-05]8S9#EY7#8O3;$71P]=B M(NR\;_9O,H.IOW13JS'P)UVK+?ZK'$O&,)65'/C_`-'CQ5M3&WZ<^'M1X].B M*GMCV#8B(*M"^GAWM&`[N7#4XS?Z"'"R8%BBJM,[3UFVLN0(:4`5LZQNT9CU MWI0$]G&X@"=KDUTJ"48=)5/)_5\))@%TCK5N\&^$4LTR$Y.(@YT\<-M4]^VX M*IVZC$6$TS/%WBG:;1BY1JDV@6WP9Q)8CW9\L<$2SV9SU>TV4O5U#+%FW;Y* M$LKDLWN)5V*T03R(3/+IC`^EXA6'L[HKHJ74UGG3V_2C=-LMVH6Y#$2G"NEA M+B)B,PX1CRCCU=].A:JU=LIZSL'U65:'B2EU=T9C-7"67E%J%RG6F?(6%KUV MV&Y6R;93IV;^B[:RW"G7VBK<,R<)(:'3IL0)?.^;SR\),'[6J9JPM!5X%;93M6VTB'VFR;DNFXAE3^;M,HD#M M,(,CFP(@QQ'B#J3X=G;5V-V9*G*2]QW<=U*GI>K@CV[0FO$07J M)G"(C-QMTG[#B6I$<[!HK.HENW;9U[[*V(FJRXK==<@4_"35J0N1Q7QL3:S- MLUZSZ.VNS5G=MUNY@"J4Y7 M^)=H97);DKF0!VUZI&,>D.?/$SQN(+*C4&[X=O;?!A9KE2GC7JNGDS1Y M07HRJ67Z]BDV[8?%VWD?#50ZSHG?6V06-BU*XF8;W8DX(^[CP2S':NF:6M:T M@K-=!B/A,I!-FNA6$9^NY)@`+OX#AA'&WP#J+B1M8H;[-T.D6R-QW)@K7%81 M1&"&A/+S^?WGC?[CK_;1]\B@-2[;L.05K"J")%2`L7ZSDNP.L/;UI`!UW7!O'M\)6 M)&(>LLARDBB,O.<.%UQU4VF)L.FM87IN7%2STE@&1F(6)F)+4#+$CZ426.$2/EXDI8N!$LI% MG'`2Y1E*<S@R,Q'36;2C-&:`6.8RRXX]V.*[TL$EVD!81SB#-1@)Q.3 M'-R@N?F^"CY8]Z"APS,VG?@'&<(Q+9[D1C/DXF9Z>,8_Y[']@>/2K?QD_P`' MC+FK1S[=;_>R\5$G(R8[:K&1[/I6SQ:&9QPOQ^L.B)1_RH]R?D_9C#BU$^2S M8_O./@%P/_C6Y3C\H)_X.,V/>_;`0\1WPCXN>,\?M8[)XLS_`/B6_P#6EQCY M?DQXY\O[W[/&ZM.LJ6`+Y)I+`RRQ3(HYE$SA''B><.].Y^&4X1RYES[.+-5\`M]4(-H2T/+"I@5SC@UDPZ.['/\7&&$X^;"Z7+" M9[L\H+T9GS07DXQPG#'#'"<,<,<,?/AQ8TES/25FV[&;N::482R9S8=[GV=L M\5KI!ZBX=D*_/%C.DR]0S3CO0H)/#-Y^#A"C9*Z[[98?_3U0DWLC'#-"QCR< M>B7XI_7_`!<(HUEYK-@X!8%.G&,QFS$180`0'.9\W"[.`,0UTH`TL%V+82JQ M(90Q*)A3Q[?+.';QZ)SG0RN\'!8766YN,^*6W'+-Y MLPVY*Z4"W$(U'9L,%NME*"EZ4F+EP)" M?+E.;CJW[98W"Q["WRC39<4,7&!U@EMZMR-T*JUFW(JS6&YX?0BM:"FG'H*L;D'DYA,9BY\^*8,H6C$6#U2;=.G70+T^& M]QIRQ=96,,^M,6$N+'5/"8[,>$#-%ZZHCLQ6DHHUKIL:/ARU3L,Z-OJGM7=, M1,IYP4YO)CP)'1-A=4I1OLPAKCIQX,G;R&PX<0,)O]P\.Y+.?Q\>'&*VBP#5 M4=KJVXL4U#6KQ779&S84Z"%VWW:SF',QS"V+(Y3Z4?`Q\L>]K7=RL=+4&IN: M3?IM=D.S0>A6*T`QLQ+#CLCC_P`R*_U=O/\`W+C_`,R*_P!7[S_W+CGXC3_J MW=_^X\+W"GXNVI"QIJKD-C;M_@Y8!')%ZK:V#A.;BTJWXNVYC7/A@37VW?2# M+"\F!ZFVA../`=)XFVY@\]3J*6^IF/-ER;4_/_>X_/\`L\:0BX0C+$MH+/ M-W?-QC._3,^?V;NG_=.(S;[C_P#IFY_]TX_/L_ZMW3_NG#"CQ+5P-A'^;=YQ M[QR7_P!!YIX#2\64U@(83'L_?(Q/'TN[M_FXY>,:7^K]]_HWA]+1J=99-G=$VYKM0[T9W) M1W#5&>*H0_;9.)F8EYL*8Q@,(XM;=2G!8LFK5!U:SJOIUW;?&WV\8LC3K-&G M1REF`W1Z,=TIP115N3JMFMM=\HM."S#*)SL3Z[828LR?SV8T@K#!$,019F8\ M5+9/-E>TVVU>WZ1ST[/ZPW'CO#P4T139A7.!&8=@?*<.?!FZRQAE=V]S`"G= MA1'2O;`WJZRW671F.MMS<[+$G98>'HP4QQ56^RP+.G=6VS*+C[5:\\-]%6[B M_JM&,/:2\=)>O.7G/<#'1(YR[V:9P&. M*<,=8^K*VU=E,5V2-YJ:_AU75E..69VYFU.(<_>G/&7TBXNI==MR=C;(40Z+ MM>Q>4_="K25N&Y&5A5:6+%N&1RT[C=DV6B+;#LV$S4M;>WO,QQAF, M=L\4:KWLAE5-R`)J[EBO7)F\4+\`"JMJL9Q9K5S&8S0N9[I]V9X141>MI9T& MY5M32MB57K=B&I"9E;)6->-Q#N@@!S'=G'#LGC;]W58/IZNO!/KIN)=I.;?8"IZFT^RXEA:$9YB, M>B,9!C&L$.M!:510DF`LX*'C1V&NV8;!9N\=!O/RQ\O&XB=RW`6J-M.6*[8L M.=[0WY^WB-D6X0E2-P4!J:))E4SA@:PX,5,UEB4P#1Z98D&:/)/9[ MSQO]QU_MH_A3^T/V;R?VA^S>3^T/V;R?VA^S>3^T/V;R?VA^S>3]53S^ MK&0MGT1*Q$5/U?[-Y/TG+#:\!M?8[Q=/!;3PPP8\128^1.)M`WW^P6'&18O` M(,.@%WE;T??A:N?0[,\,\-R.CW.`D8=[^`'F17F=)BAR9=V>.41#-F`2.OBV M*%/F&$.%7A#P@F!&KH/0YT_2'Z;ZW\S'U9&08T"P0E$)B0@&.9?1&[P;UM@J1"8@EYW!M%NN06(HOJN<'H(6X([GG2]XD M;S%G5H%0UR*^!^S>3]%Z7M;#RN!ZNL*9Y(ZZ`WA5\<"2C][1>*P*<\3T@C-< M]4Z%)XU.@.98,+<$)P/3Z=LV(1%$"2(%))`5FJ"F:V4K;"A`1"9)Y3Y!FFKXV.#$@8 MC4P'(`-`5WWZ9O8!@Q%Z`7A!P/-4E@]U']3"BV243,=`7"Y:'!-IB#+X`*X\ MMN6?S%X:<`+RQR_7BKP:5X2-LQNV"PU4&XH]!>:F7'PJ:?,AO4/[/O%310Z8 MCTB.*B-T&;K#(]V>B"`LM::F!HRF*;(Z5$-[@AH=8%-QL/`98X)=K6WWN+=: M\6>.L@Z!:._-#74':Z,A3:E:IU6%L._Q:TQ[FR,:]9GM&#@`=/HQXQV M'\=S^]P5H\B%8(>.L2]=M8:*"KD(<`."=_/S\']F\GZ'CXI\U7Z$QOJ9&^,].&/H5Q^2C19F MUA:VW`-T&P9S-%N2+W")1N`.M3;L M]V*+<_9H&3P4I/Q!1.L8"VJ8Z!OF]]'[).*AR4&=MK?DXC4KLG5C-E@N0\3_ M`-/JJA38-)H'MP12(Q,(HXHQ_54!]HDRV/\`P[I\H.R!,^_KY_IL+]F\GZ%$ MT8'**CU'"7-BM]M6E3H@`-0#;=\C@C=(7`#GR/1T]YH'65E:M">A%Z:>GX#. M)G"=0`&@0Z8W`4R-=!X>A$EUZ*P4@>U5`Y)%MD4>:=A%16=,*`N6AXA]7IQH M*=X5'=,X%U"S/`!$@$`[@1Y-FL%0B'"(/9-F(F8X8]9;_",6R%2CI?\`-CX> M>7R!($)'/`,.4!9I4FDRWSF\KX7%UZIHWNRGGKR`5C:QA78FP)% M*B(<:-02#E5Z3%#9:II?R`D\006NWLZ_7PMMO3394@[\R3."$A8P1@&S1WK? MQOV;R?ICNOI";RZ&'QHCPDO%TN&L.T@919PZ$:W01+L,K\)]&K)XJ/)`*GV# MR2+X7'`-?++:0.>H\NU0-K>HFU*IYRQ/)1@/"!K&Q MV;Y09S2C%-NBGEK=/1N3=ZL=L$%$BFQ2';-_X>D'#PJJMAT;A8.RFW`@'