<SEC-DOCUMENT>0000046080-19-000080.txt : 20190627
<SEC-HEADER>0000046080-19-000080.hdr.sgml : 20190627
<ACCEPTANCE-DATETIME>20190522151335
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000046080-19-000080
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190522

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HASBRO INC
		CENTRAL INDEX KEY:			0000046080
		STANDARD INDUSTRIAL CLASSIFICATION:	GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944]
		IRS NUMBER:				050155090
		STATE OF INCORPORATION:			RI
		FISCAL YEAR END:			1229

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1027 NEWPORT AVE
		STREET 2:		P O BOX 1059
		CITY:			PAWTUCKET
		STATE:			RI
		ZIP:			02861
		BUSINESS PHONE:		4014318697

	MAIL ADDRESS:	
		STREET 1:		200 NARRAGANSETT PARK DRIVE
		CITY:			PAWTUCKET
		STATE:			RI
		ZIP:			02862-0200

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HASBRO BRADLEY INC
		DATE OF NAME CHANGE:	19850814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HASBRO INDUSTRIES INC
		DATE OF NAME CHANGE:	19840917

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HASSENFELD BROTHERS INC
		DATE OF NAME CHANGE:	19720615
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>

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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p>

<p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">May 22, 2019</font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">VIA EDGAR</font></u></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Division
of Corporation Finance</font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Office of
Transportation and Leisure</font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">U.S.
Securities and Exchange Commission</font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Washington,
D.C. 20549</font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Attn:&#160;
Heather Clark</font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;Melissa
Raminpour</font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&nbsp;</font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Re:&#160; Hasbro, Inc.</font></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; Form 10-K for the Fiscal Year Ended December 30, 2018</font></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; Filed February 26, 2019</font></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; File No.&#160; 001-06682</font></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&nbsp;</font></b></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Dear Ms. Clark and Ms. Raminpour:</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">This letter is submitted on behalf of Hasbro, Inc. (the &#8220;</font><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Company</font></u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&#8221;),
in response to the comments that you have provided on behalf of the staff of
the Division of Corporation Finance (the &#8220;</font><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Staff</font></u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&#8221;) of the Securities and
Exchange Commission (the &#8220;</font><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">SEC</font></u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&#8221;) in your letter dated May 9, 2019.&#160; </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">For your convenience, we have set forth the original comments from
your letter in bold and italicized typeface to which we are responding. </font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">Form 10-K for the Fiscal Year
Ended December 30, 2018</font></u></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">Financial Statements</font></u></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">Notes to the Consolidated
Financial Statements</font></u></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">(22) Quarterly Financial Data
(Unaudited &#8211; see accompanying accountants&#8217; report), page 94</font></u></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;text-decoration:none;">&nbsp;</font></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">1. During the fiscal years ended
December 30, 2018 and December 31, 2017, the quarterly data shows significant
fluctuations in operating results between the quarters. Specifically, there are
large variations in revenues, operating profit, and net earnings (loss) for all
quarters. Please revise to add a discussion of any unusual or infrequently
occurring items during each quarter, which may have contributed to the
significant fluctuations in operating results. Refer to Item 302(a)(3) of
Regulation S-K.</font></i></b></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif style="border:none;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></i></b></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Response</font></b></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">The Company acknowledges the Staff&#8217;s comment. The Company
respectfully notes that disclosure of unusual or infrequently occurring items
has been made throughout the Form 10-K for the fiscal year ended December 30,
2018 (&#8220;Form 10-K&#8221;) including the Notes to the consolidated financial
statements. These items include:</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:38.25pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:11.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Bad debt charges, royalty expense and inventory obsolescence and
other costs related to the Toys &#8220;R&#8221; Us bankruptcy and liquidation, as disclosed
in Note 2. Revenue Recognition and in Item 7, Management&#8217;s Discussion and
Analysis of Financial Condition and Results of Operations (page 33); </font></font></p>


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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:38.25pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:11.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Goodwill and intangible asset impairment charges, as disclosed in
Note 1. Summary of Significant Accounting Policies, Note 5. Goodwill and
Intangibles, Item 1, Business (page 4), Item 1A, Risk Factors <a name="_Hlk9323520"></a>(pages 24 and 27) and Item 7, Management&#8217;s Discussion and
Analysis of Financial Condition and Results of Operations (page 32);</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:38.25pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:11.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">The impact of tax reform, as disclosed in Note 11. Income Taxes
and Item 7, Management&#8217;s Discussion and Analysis of Financial Condition and
Results of Operations (page 33); and </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:38.25pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:11.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Restructuring charges, as disclosed in Note 19. Restructuring
Actions, Item 1, Business (page 4), Item 1A, Risk Factors (Page 23) and Item 7,
Management&#8217;s Discussion and Analysis of Financial Condition and Results of
Operations (page 32). </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:38.25pt;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&nbsp;</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:2.25pt;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">In future
filings, to the extent appropriate, the Company will undertake to include such
disclosures to the &#8220;quarterly data&#8221; Note in the annual consolidated financial
statements. By way of example, using our Form 10-K for the fiscal year ended
December 30, 2018 as a model, in future filings, if appropriate, we intend to
include footnotes related to Net earnings (loss) to the quarterly data table
such as the following:&#160; </font></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;margin-right:0in;page-break-after:avoid;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">(22)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><u><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">Quarterly Financial Data (Unaudited)</font></u></b></font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td colspan=11 nowrap valign=bottom width=49% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Quarter</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">First</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=11% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Second</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=11% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Third</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=13% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Fourth</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Full Year</font></b></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">2018</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Net revenues</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">$</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">716,341</font></font></p>
  </td>
 <td nowrap valign=top width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">904,458</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">1,569,686</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">1,389,161</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">4,579,646</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Operating profit
  (loss)</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(80,419)</font></font></p>
  </td>
 <td nowrap valign=top width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">87,588</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">313,336</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">10,547</font></font></p>
  </td>
 <td nowrap valign=top width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">331,052</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Earnings
  (loss)before income taxes</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(88,388)</font></font></p>
  </td>
 <td nowrap valign=top width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">68,124</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">295,794</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(5,128)</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">270,402</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Net earnings (loss)
  <sup>(a)</sup></font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(112,492)</font></font></p>
  </td>
 <td nowrap valign=top width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">60,299</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">263,861</font></font></p>
  </td>
 <td nowrap valign=top width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">8,766</font></font></p>
  </td>
 <td nowrap valign=top width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">220,434</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Per common share</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Net earnings (loss)</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Basic</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">$</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(0.90)</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.48</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">2.08</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.07</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">1.75</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Diluted</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(0.90)</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.48</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">2.06</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.07</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">1.74</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Market price</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">High</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">$</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">103.39</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">93.00</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">109.60</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">107.57</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">109.60</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=38% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Low</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">83.56</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">79.00</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">91.70</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">76.84</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">76.84</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=39% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Cash dividends
  declared</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">$</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.63</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.63</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.63</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=12% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.63</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">2.52</font></font></p>
  </td>
 </tr>
</table></div>



<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td colspan=11 nowrap valign=bottom width=53% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Quarter</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">First</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=13% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Second</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=12% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Third</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=13% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Fourth</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></b></font></p>
  </td>
 <td colspan=2 nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Full Year</font></b></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><b><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">2017</font></b></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-top:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Net revenues</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">$</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">849,663</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">972,506</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">1,791,502</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">1,596,111</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">5,209,782</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Operating profit</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">78,343</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">99,984</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">360,944</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">271,088</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">810,359</font></font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.75pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Earnings before
  income taxes</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">70,837</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.75pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">86,886</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">349,841</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.75pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.75pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">278,586</font></font></p>
  </td>
 <td nowrap valign=top width=2% style="height:12.75pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.75pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.75pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">786,150</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Net earnings (loss)
  <sup>(b)</sup></font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">68,599</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">67,723</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">265,583</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(5,298)</font></font></p>
  </td>
 <td nowrap valign=top width=2% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><i><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&nbsp;</font></i></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">396,607</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Per common share</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Net earnings (loss)</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Basic</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">$</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.55</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.54</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">2.12</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(0.04)</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">3.17</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Diluted</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.54</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.53</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">2.09</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">(0.04)</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">3.12</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Market price</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">High</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">$</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">101.08</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">113.49</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">116.20</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">99.17</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">116.20</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Low</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">77.20</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">94.76</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">91.57</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">87.92</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">77.20</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=2 nowrap valign=bottom width=33% style="height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">Cash dividends
  declared</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 1.45pt 0in 1.45pt;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">$</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.57</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.57</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.57</font></font></p>
  </td>
 <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=11% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">0.57</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=2% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 0in 0in 0in;">
  <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">&nbsp;</font></font></p>
  </td>
 <td nowrap valign=bottom width=10% style="border:none;border-bottom:double black 2.25pt;height:12.0pt;padding:0in 4.45pt 0in 1.45pt;">
  <p align=right style="border:none;margin:0in;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="border:none;"><font color=black face=Calibri,sans-serif style="font-size:10.0pt;">2.28</font></font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td nowrap valign=bottom width=1% style="height:12.0pt;padding:0in 0in 0in 0in;">
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</DIV>
<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">&nbsp;</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">&nbsp;</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">(a)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">Net earnings (loss) for the 2018 quarters include the impact of
the following items:</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">In the first quarter of 2018, Toys&quot;R&quot;Us announced a
liquidation of its U.S. operations, as well as other retail impacts around the
globe. As a result, the Company recognized incremental bad debt expense on
outstanding Toys&quot;R&quot;Us receivables, royalty expense, inventory obsolescence
as well as other related costs of $70.4 million ($61.4 million after-tax). In
the fourth quarter of 2018, the Company made adjustments to the charges
previously recorded based on its final settlement with Toys&quot;R&quot;Us,
resulting in a benefit of $10.0 million ($8.5 million after-tax).</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">In the first quarter of 2018, the Company incurred $17.3 million
($15.7 million after-tax) of severance charges, primarily outside the U.S., related
to actions associated with a new go-to-market strategy designed to be more
omni-channel and e-commerce focused. Additionally, in the fourth quarter of
2018, the Company recorded an additional $72.0 million ($62.2 million
after-tax) of severance charges. </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">In the fourth quarter of 2018, the Company incurred a goodwill
impairment charge related to its Backflip business of $86.3 million, as well as
impairments of certain definite-lived intangible assets totaling $31.3 million.
These charges totaled $96.9 million on an after-tax basis. </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">Throughout 2018, the Company made adjustments to provisional U.S.
Tax Reform amounts recorded in the fourth quarter of 2017 based on additional
regulations issued, amounting to charges of $47.8 million the first quarter of
2018, a benefit of $17.3 million in the third quarter of 2018 and charges of
$10.2 million the fourth quarter of 2018. </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">(b)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">Net earnings (loss) for the fourth quarter of 2017 included the
impact of the following items:</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol style="border:none;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:106%;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:106%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">In accordance with the Tax Act, the Company recorded a provisional
tax expense of $316.4 million, the period in which the legislation was
enacted.&#160; </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:1.0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:106%;">&nbsp;</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">2. Additionally, tell us if you considered separately stating such
material expenses separately on the face of the income statement.&#160; Please refer
to Rule 5-03(b)(3) and (6) of Regulation S-X.</font></i></b></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">The Company acknowledges the Staff&#8217;s comment and notes that the
Company did not believe it was necessary to state the charges indicated above
separately on the face of the consolidated statement of operations. In making
the determination that such presentation was not required, the Company
considered that total bad debt expense of $49.0 million, goodwill and
intangible asset impairment expense of $117.6 million and restructuring expense
of $89.3 million were recorded in Selling, distribution and administration
expense. These expenses represented 3.8%, 9.1% and 6.9%, respectively, of
Selling, distribution and administration expense, or 1.1%, 2.8% and 2.1% of
total operating expenses. Given the materiality of such expenses and the
related percent of the line items presented on the face of the consolidated
statement of operations, the Company determined that disclosure in the notes to
the consolidated financial statements and elsewhere in the 10-K was
appropriate.&#160; </font><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&#160;&nbsp;</font></i></b></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">3. Please tell us the significance of the reference to the
accountant&#8217;s report in note 22 given that we note no reference to quarterly
data in the report on page 53. In this regard, it appears you should revise to
remove the reference &quot;see accompanying accountants' report&quot; since the
footnote is marked unaudited.</font></i></b></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">The Company acknowledges the Staff&#8217;s comment and notes that the
Company inadvertently referred to the accountant&#8217;s report based on
misinterpretation of disclosure guidance. The Company will update </font></font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p style="margin:0in;margin-bottom:.0001pt;tab-stops:center 3.25in right 6.5in;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


</DIV>
<p style="border:none;margin:0in;margin-bottom:8.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">future filings to remove this reference.</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">&nbsp;</font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">If you have any questions or desire further information regarding
the Company&#8217;s responses, please contact me at (401) 727-5500. </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:2.5in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Sincerely, </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:2.5in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=Calibri,sans-serif style="border:none;"><u><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">/s/ Deborah Thomas</font></u></font></p>

<p style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:2.5in;text-indent:.5in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Deborah Thomas&#160;&#160; </font></font></p>

<p style="border:none;margin:0in;margin-bottom:8.0pt;margin-left:2.5in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:106%;">Executive Vice President and Chief Financial Officer</font></font></p>

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