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<SEC-DOCUMENT>0001003297-10-000268.txt : 20101105
<SEC-HEADER>0001003297-10-000268.hdr.sgml : 20101105
<ACCEPTANCE-DATETIME>20101105114839
ACCESSION NUMBER:		0001003297-10-000268
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20100930
FILED AS OF DATE:		20101105
DATE AS OF CHANGE:		20101105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALAMO GROUP INC
		CENTRAL INDEX KEY:			0000897077
		STANDARD INDUSTRIAL CLASSIFICATION:	FARM MACHINERY & EQUIPMENT [3523]
		IRS NUMBER:				741621248
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13854
		FILM NUMBER:		101167436

	BUSINESS ADDRESS:	
		STREET 1:		1627 E WALNUT
		CITY:			SEGUIN
		STATE:			TX
		ZIP:			78155
		BUSINESS PHONE:		8303791480

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 549
		STREET 2:		1627 EAST WALNUT
		CITY:			SEGUIN
		STATE:			TX
		ZIP:			78155
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>esalamo10q.htm
<TEXT>
<html>

<head>
<!-- Document Prepared With IDEAxfiler Software-->
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<title>Alamo Group Form 10-Q</title>



</head>

<body lang=EN-US link=blue vlink=purple>

<div style='page:Section1;'>

  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">UNITED STATES</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">SECURITIES AND EXCHANGE COMMISSION</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">WASHINGTON, D.C. 20549</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:24.0pt;margin-left:0in;text-align:center;page-break-after:avoid;font-size:12.0pt;font-family:"Arial";font-weight:bold;margin-bottom:0in;margin-bottom:.0001pt'>FORM 10-Q</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">[ X ]&nbsp; QUARTERLY REPORT PURSUANT
  TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE </font> </p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">ACT OF 1934</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">FOR THE
  QUARTERLY PERIOD ENDED SEPTEMBER 30, 2010</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">OR</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">[&nbsp;&nbsp;&nbsp; ]&nbsp; TRANSITION REPORT PURSUANT
  TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE </font> </p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">ACT OF 1934</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">FOR THE
  TRANSITION PERIOD FROM ____ TO ____</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">COMMISSION
  FILE NUMBER
  0-21220</font></b></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="5">ALAMO GROUP INC.</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(EXACT
  NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="100%">
 <tr>
  <td width="25%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">DELAWARE</font></b></p>
  </td>
  <td width="50%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td width="25%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">74-1621248</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(</font><i><font size="2">State or other jurisdiction of</font></i></p>
  </td>
  <td width="50%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><i>
	<font size="2">&nbsp;</font></i></p>
  </td>
  <td width="25%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><i>
	<font size="2">(I.R.S. Employer</font></i></p>
  </td>
 </tr>
 <tr>
  <td width="25%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><i>
	<font size="2">incorporation or organization)</font></i></p>
  </td>
  <td width="50%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><i>
	<font size="2">&nbsp;</font></i></p>
  </td>
  <td width="25%" valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><i>
	<font size="2">Identification Number)</font></i></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">1627 East Walnut, Seguin, Texas&nbsp; 78155</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><i>
	<font size="2">(Address of principal executive
  offices</font></i><font size="2">)</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">830-379-1480</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(<i>Registrant&#146;s telephone number,
  including area code</i>)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:-.05in;border-collapse:collapse' width="100%">
 <tr>
  <td width=667 valign=top style='width:6.95in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>INDICATE BY CHECK MARK
  WHETHER THE REGISTRANT (1) HAS FILED ALL REPORTS REQUIRED TO BE FILED BY
  SECTION 13 OR 15(D) OF SECURITIES EXCHANGE ACT OF 1934 DURING THE PRECEDING
  12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE REGISTRANT WAS REQUIRED TO
  FILE SUCH REPORTS), AND (2) HAS BEEN SUBJECT TO SUCH FILING REQUIREMENT FOR
  THE PAST 90 DAYS.&nbsp;&nbsp; </p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><font size="2">YES <u>&nbsp;X&nbsp;&nbsp; </u>&nbsp;&nbsp;&nbsp;NO
  ___</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;</p>
	<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>INDICATE BY CHECK MARK
  WHETHER REGISTRANT IS A LARGE ACCELERATED FILER, AN ACCELERATED FILER, OR A
  NON-ACCELERATED FILER.&nbsp; SEE DEFINITION OF &#147;ACCELERATED FILER AND LARGE
  ACCELERATED FILER&#148; IN EXCHANGE ACT RULE 12B-2.&nbsp; LARGE ACCELERATED FILER [&nbsp; ]&nbsp;&nbsp;
  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACCELERATED FILER [X] &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NON-ACCELERATED FILER&nbsp;&nbsp; [&nbsp;&nbsp;]</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>INDICATE BY CHECK MARK
  WHETHER THE REGISTRANT IS A SHELL COMPANY (AS DEFINED IN RULE 12B-2 OF THE
  EXCHANGE ACT).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; YES [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NO [X]</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>AT NOVEMBER 1, 2010, 11,810,379
  SHARES OF COMMON STOCK, $.10 PAR VALUE, OF THE REGISTRANT WERE OUTSTANDING.</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Alamo Group Inc. and Subsidiaries</font></b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">INDEX</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div align="center">

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="90%">
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>PAGE&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>PART I.&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>FINANCIAL
  INFORMATION&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 1.&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Interim Condensed
  Consolidated Financial Statements&nbsp; (Unaudited)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#Interim_Condensed_Consolidated_Balance_Sheets_">Interim Condensed
  Consolidated Balance Sheets</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>September 30, 2010
  and December 31, 2009 </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>3&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#Interim_Condensed_Consolidated_Statements_of_Income&nbsp;_">Interim Condensed
  Consolidated Statements of Income</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Three months and
  Nine months ended September 30, 2010</p>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>and September 30, 2009</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>4&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#Interim_Condensed_Consolidated_Statements_of_Cash_Flows_">Interim Condensed
  Consolidated Statements of Cash Flows</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Nine months ended
  September 30, 2010 and September 30, 2009</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>5&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#Notes_to_Interim_Condensed_Consolidated_Financial_Statements_-_(Unaudited)_">Notes to Interim
  Condensed Consolidated Financial Statements</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>6&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 2.</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#Item_2.__Management's_Discussion_and_Analysis_of_Financial_Condition_and_Results_of_Operations">Management's
  Discussion and Analysis of Financial Condition</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>and Results of
  Operations</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>15&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 3.</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#Item_3.__Quantitative_and_Qualitative_Disclosures_About_Market_Risks">Quantitative and
  Qualitative Disclosures about Market Risks</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>23&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 4.</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#Item_4._Controls_and_Procedures">Controls and
  Procedures</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>24&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>PART II.&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#PART_II._____OTHER_INFORMATION">OTHER INFORMATION</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>25&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 1.&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>None</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 2.&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-right:0in;margin-left:0in;font-family:"Arial";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Unregistered Sales of Equity Securities and Use of
  Proceeds</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 3. </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>None</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 4.&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>None</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 5.&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#PART_II._____OTHER_INFORMATION">Other Information</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Item 6.&nbsp; </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#Item_6._Exhibits_and_Reports_on_Form_8-K">Exhibits and
  Reports on Form 8-K</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<a href="#SIGNATURES">SIGNATURES</a></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>2</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>
  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>Alamo Group Inc. and Subsidiaries</h2>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2"><a name="Interim_Condensed_Consolidated_Balance_Sheets_">Interim Condensed Consolidated
  Balance Sheets</a></font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>

<div align="center">

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="95%">
 <tr style='height:23.4pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(in thousands, except share amounts)&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:-.9pt;text-align:justify'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:-.9pt;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">December 31, <br>
	2009</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">ASSETS</font></b></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:8.1pt'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Current assets:</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">24,382&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">17,774&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable, net</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">127,610&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">112,309&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">104,433&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">124,622&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income taxes </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,232&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,118&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,343&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,579&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income Tax Receivables</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,195&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,195&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets
	</font> </p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">263,195&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">262,597&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Property, plant and equipment </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">139,784&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">141,644&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less:&nbsp; Accumulated depreciation&nbsp;
	</font> </p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(76,896)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(72,162)</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">62,888&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">69,482&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Goodwill</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">34,598&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">35,207&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Intangible assets</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5,744&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5,803&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Deferred income taxes</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,899&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4,158&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Other assets</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">971&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,201&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.05pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets
	</font> </p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">370,295&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">378,448&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">LIABILITIES AND STOCKHOLDERS&#146; EQUITY</font></b></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Current liabilities:</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade accounts payable </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">46,195&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">36,786&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes payable</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">244&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,688&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued liabilities </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">32,684&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">31,010&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current maturities of long-term debt
	</font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,512&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5,453&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred income tax</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">866&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,164&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities
	</font> </p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">82,501&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">79,101&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Long-term debt, net of current maturities</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">23,122&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">44,336&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Deferred pension liability</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6,355&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">7,640&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Other long-term liabilities</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,348&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,665&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Deferred income taxes</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6,452&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">7,581&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:8.1pt'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Stockholders&#146; equity:</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Common
  stock, $.10 par value, 20,000,000 shares authorized;</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">11,852,979
  and 11,789,529 issued and outstanding at September 30, 2010 and <br>
	December 31,
  2009, respectively </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,185&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,179&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Additional paid-in capital </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">83,906&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">82,721&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Treasury stock, at cost; 42,600 shares at September 30, 2010
  <br>
	and December 31, 2009</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(426)</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(426)</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Retained earnings </font> </p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">162,400&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">147,504&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Accumulated
  other comprehensive income </font> </p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,452&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5,147&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total
  stockholders&#146; equity </font> </p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">249,517&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">236,125&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:12.15pt'>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:12.15pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and stockholders&#146; equity
	</font> </p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">370,295&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">378,448&nbsp;</font></p>
  </td>
 </tr>
 <tr height=0>
  <td style='border:none' valign="bottom"></td>
  <td style='border:none' valign="bottom"></td>
  <td style='border:none' align="right" valign="bottom"></td>
  <td style='border:none' valign="bottom"></td>
  <td style='border:none' valign="bottom"></td>
  <td style='border:none' valign="bottom"></td>
  <td style='border:none' valign="bottom"></td>
  <td style='border:none' valign="bottom"></td>
  <td style='border:none' valign="bottom"></td>
 </tr>
</table>

</div>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">See accompanying notes.</font></p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>3</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>Alamo Group Inc. and Subsidiaries&nbsp;</h2>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">
	<a name="Interim_Condensed_Consolidated_Statements_of_Income&nbsp;_">Interim Condensed Consolidated
  Statements of Income&nbsp;</a></font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">(Unaudited)&nbsp;</font></b></p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=669
 style='width:90%;border-collapse:collapse'>
 <tr>
  <td valign=bottom style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <h1 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font face="Arial" size="2">Three Months Ended</font></h1>
  <h1 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font face="Arial" size="2">September 30,</font></h1>
  </td>
  <td valign=bottom style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <h1 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font face="Arial" size="2">Nine Months Ended</font></h1>
  <h1 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font face="Arial" size="2">September 30,</font></h1>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(in thousands, except per share amounts)</font><b><font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <h1 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font face="Arial" size="2">2010&nbsp;</font></h1>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <h1 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font face="Arial" size="2">2009</font></h1>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net sales:&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; North American&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>46,846&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>45,547&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>141,434&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>134,737&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agricultural</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>48,880&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>20,158&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>134,009&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>63,263&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; European</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>36,572&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>44,613&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>119,578&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>135,704&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Total net
  sales</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>132,298&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>110,318&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>395,021&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>333,704&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Cost of
  sales</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>99,908&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>84,669&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>305,815&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>261,999&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:11.0pt'>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Gross
  profit&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>32,390&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>25,649&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>89,206&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>71,705&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Selling,
  general and administrative expense&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>21,273&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>17,983&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>64,296&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>55,478&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Income
  from operations</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>11,117&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>7,666&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>24,910&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>16,227&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Interest
  expense</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(888)</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(1,005)</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(3,162)</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(3,248)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Interest
  income&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>418&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>15&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1,535&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>337&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Other
  income (expense), net</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>112&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>134&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>77&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>130&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:10.1pt'>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Income
  before income taxes</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>10,759&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>6,810&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>23,360&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>13,446&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Provision
  for income taxes&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>2,609&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>2,227&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>6,347&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>4,328&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:8.3pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Net
  income</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>8,150&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>4,583&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>17,013&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>$</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>9,118&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net income
  per common share:</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:8.1pt'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Basic</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>.69&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>.46&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1.45&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>.91&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:6.75pt'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Diluted</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>.68&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>.46&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1.43&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>.91&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Average
  common shares&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Basic&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>11,803&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>10,047&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>11,769&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>9,988&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Diluted</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>11,906&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>10,086&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>11,874&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>10,012&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Dividends
  declared</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>0.06&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>0.06&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>0.18&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:3.95pt; padding-right:3.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>0.18&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">See accompanying notes.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>4</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>Alamo Group Inc. and Subsidiaries</h2>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">
	<a name="Interim_Condensed_Consolidated_Statements_of_Cash_Flows_">Interim Condensed Consolidated
  Statements of Cash Flows</a></font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">(Unaudited)</font></b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:-49.0pt;border-collapse:collapse' width="90%">
 <tr>
  <td valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Nine Months Ended</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(in thousands, except per share amounts)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Operating
  Activities</font></b></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Net
  income </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in' align="center">
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>17,013&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in' align="center">$</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>9,118&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Adjustment
  to reconcile net income to net cash</font></p>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp; provided
  by operating activities:</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision
  for doubtful accounts </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>792&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>392&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>7,944&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>6,050&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization
  of intangibles</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>254&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>59&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization
  of debt issuance</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>281&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>&#150;&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stock-based
  compensation expense </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>474&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>429&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excess
  tax benefits from stock-based payment arrangements </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(46)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(43)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision
  (benefit) for deferred income tax benefit</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(1,166)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>529&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain
  on sale of property, plant and equipment</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(946)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(22)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Changes in
  operating assets and liabilities:</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts
  receivable </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(17,660)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>22,869&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>19,506&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>22,019&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid
  expenses and other assets </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(203)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>136&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade
  accounts payable and accrued liabilities </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>12,535&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(15,232)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income
  taxes payable</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(2,327)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>2,211&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other
  long-term liabilities </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(2,105)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(784)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net cash
  provided by operating activities</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>34,346&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>47,731&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Investing
  Activities</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Acquisitions,
  net of cash acquired</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(428)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>&#150;&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Purchase
  of property, plant and equipment</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(3,579)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(2,661)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Proceeds
  from sale of property, plant and equipment</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1,861&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>95&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net cash
  used by investing activities </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(2,146)</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(2,566)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:.25in'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Financing
  Activities</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net change
  in bank revolving credit facility </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(20,000)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(36,000)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Principal
  payments on long-term debt and capital leases </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(4,147)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(1,670)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Proceeds
  from issuance of long-term debt</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>196&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1,497&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Dividends
  paid </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(2,117)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(1,796)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Proceeds
  from sale of common stock</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>717&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1,117&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Excess tax
  benefits from stock-based payment arrangements </font> </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>46&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>43&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net cash
  provided by financing activities</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(25,305)</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(36,809)</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Effect of
  exchange rate changes on cash </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>(287)</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>586&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net change
  in cash and cash equivalents </font> </p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>6,608&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>8,942&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:11.25pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Cash and
  cash equivalents at beginning of the period </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>17,774&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>4,532&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Cash and
  cash equivalents at end of the period </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in' align="center">
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>24,382&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>13,474&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Cash paid
  during the period for:</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:12.6pt'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest
  </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in' align="center">
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,042&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in' align="center">
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,659&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income
  taxes </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in' align="center">
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>6,878&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1,906&nbsp;</p>
  </td>
 </tr>
 <tr height=0>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">See accompanying notes.</font></p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;</font></p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>5</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Alamo Group Inc. and Subsidiaries</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">
	<a name="Notes_to_Interim_Condensed_Consolidated_Financial_Statements_-_(Unaudited)_">Notes to Interim Condensed
  Consolidated Financial Statements - (Unaudited)</a></font></b></p>
  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>September 30, 2010</h2>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">1.&nbsp; Basis of Financial Statement Presentation</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:.1in'>&nbsp;&nbsp;&nbsp; The accompanying unaudited interim consolidated
financial statements of Alamo Group Inc. and its subsidiaries (the &#147;Company&#148;)
have been prepared in accordance with U.S. generally accepted accounting
principles (&#147;GAAP&#148;) for interim financial information and with the instructions
to Form 10-Q and Article 10 of Regulations S-X.&nbsp; Accordingly, they do not
include all of the information and footnotes required by U.S. GAAP for complete
financial statements.&nbsp; In the opinion of management, all adjustments
(consisting of normal recurring accruals) considered necessary for a fair
presentation have been included.&nbsp; Operating results for the periods presented
are not necessarily indicative of the results that may be expected for the year
ending December 31, 2010.&nbsp; The balance sheet at December 31, 2009, has been
derived from the audited financial statements at that date but does not include
all of the information and footnotes required by U.S. GAAP for complete
financial statements.&nbsp; For further information, refer to the consolidated
financial statements and footnotes thereto included in the Company&#146;s annual
report on Form 10-K for the year ended December 31, 2009.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-align:left;text-indent:.1in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:.1in'>Certain changes to prior year balance sheet amounts
have been made in accordance with the accounting guidance for business
combinations to reflect adjustments made during the measurement period to
provisional amounts recorded for assets acquired and liabilities assumed from Bush
Hog, LLC, a Delaware limited liability company (&#147;<i>Bush Hog</i>&#148;) on October
22, 2009.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-align:left;text-indent:.1in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-align:left;text-indent:.1in'>&nbsp;</p>

<p style="text-indent: 0.25in"><font face="Arial" size="2"><b>&nbsp;2.&nbsp; Acquisitions</b></font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:24.5pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">On October 22, 2009 (&#147;Closing Date&#148;), the Company acquired
the majority of the assets and assumed certain liabilities of Bush Hog located
in Selma, Alabama.&nbsp; The purchase included substantially all of the ongoing
business of <i>Bush Hog</i>, including the <i>Bush Hog</i> brand name and all
related product names and trademarks (the &#147;Acquisition&#148;). The purchase price
consideration was 1.7 million unregistered shares of Alamo Group common stock
which represented approximately 14.5% of the outstanding stock of Alamo Group.&nbsp;
The fair value of the 1.7 million shares was based on the public market price
of Alamo common stock less a discount for lack of marketability associated with
the 6-month holding period.&nbsp; We utilized an Asian put option model to measure
the discount for lack of marketability.&nbsp; An Asian put option is an option that
entitles the holder to a payoff based on the average price of an underlying
asset, over a predetermined period.&nbsp; The closing price on October 22, 2009 was
$16.09 per share. </font> </p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:9.0pt;text-indent:24.5pt; margin-left:0in; margin-right:0in'>
<font size="2">The Acquisition has been accounted
for in accordance with ASC Topic 805, <i>Business Combinations </i>(&#147;ASC Topic
805&#148;).&nbsp; Accordingly, the total purchase price has been allocated on a
provisional basis to assets acquired and net liabilities assumed in connection
with the Acquisition based on their estimated fair values as of the completion
of the Acquisition.&nbsp; These allocations reflect various provisional estimates
that were available at the time and are subject to change during the purchase
price allocation period as valuations are finalized. </font> </p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:9.0pt;text-indent:24.5pt; margin-left:0in; margin-right:0in'>
<font size="2">The Company believes that it was
able to acquire <i>Bush Hog</i> for less than the fair value of its assets
because of (i) the Company&#146;s unique position as a market leader in this
industry segment and (ii) the seller&#146;s intent to exit its <i>Bush Hog</i>
operations. <i>Bush Hog</i> was an unprofitable venture, and the seller through
its independent broker, approached the Company in an effort to sell <i>Bush Hog</i>
and exit the agricultural equipment manufacturing business that no longer fit
its strategy. With the seller's intent to exit the agricultural manufacturing
business segment and the Company&#146;s position as a market leader, the Company was
able to agree on a favorable purchase price.</font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:9.0pt;text-indent:24.5pt; margin-left:0in; margin-right:0in'>
<font size="2">The primary reason for the <i>Bush
Hog</i> acquisition was to help the Company further the goal of becoming the
largest manufacturer of agricultural mowers in the world. This acquisition
enabled the Company to expand its market presence and product offerings. </font> </p>
<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:9.0pt;text-indent:24.5pt; margin-left:0in; margin-right:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:9.0pt;text-indent:24.5pt; margin-left:0in; margin-right:0in'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>6</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">The following table summarizes the fair
values of the assets acquired and liabilities assumed from Bush Hog on October
22, 2009. Since the acquisition, net adjustments of $1,206,000 were made to the
fair value of the assets acquired and liabilities assumed with a corresponding
adjustment to the gain on bargain purchase. The balance sheet at December 31,
2009 has been retroactively adjusted to reflect these adjustments as required
by the accounting guidance for business combinations. The Company continues to
evaluate the purchase price allocation, including the opening fair value of
inventory, accounts receivable, property, plant &amp; equipment, accrued
liabilities and deferred taxes, which may require the Company to adjust the
recorded gain. These adjustments are summarized in the table below (in
thousands):</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-top:9.0pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=600
 style='width:90%;margin-left:20.75pt;border-collapse:collapse'>
 <tr style='height:13.8pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Initial</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Valuation</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Adjustments</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">September 30,</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2010</font></p>
  </td>
 </tr>
 <tr style='height:8.5pt'>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:9.0pt'>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Accounts
  receivable</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">25,571&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">282&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$25,853&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Inventory</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">21,875&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">300&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">22,175&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Prepaid
  expenses</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">395&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">395&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Property,
  plant &amp; equipment</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">12,743&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(379)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">12,364&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Other
  liabilities</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(9,357)</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,003&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(8,354)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp; Net
  assets acquired</font></p>
  </td>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">51,227&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,206&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">52,433&nbsp;</font></p>
  </td>
 </tr>
 <tr style='height:11.3pt'>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.3pt'>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Intangible
  assets</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.3pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp; Bush
  Hog trade name</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,900&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,900&nbsp;</font></p>
  </td>
 </tr>
 <tr style='height:11.3pt'>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp; Total
  assets acquired</font></p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">53,127&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,206&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">54,333&nbsp;</font></p>
  </td>
 </tr>
 <tr style='height:11.3pt'>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.3pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp; Less:
  Fair value of 1.7 million unregistered shares</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">25,438&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">25,438&nbsp;</font></p>
  </td>
 </tr>
 <tr style='height:11.3pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp; &nbsp;Gain on
  bargain purchase</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">27,689&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,206&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">28,895&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-top:9.0pt;text-indent:.5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:9.0pt;text-indent:.5in; margin-left:0in; margin-right:0in'>
<font size="2">Under 805-10, acquisition related
costs (i.e., advisory, legal, valuation and other professional fees) are not
included as a component of consideration transferred, but are accounted for as
expenses in the periods in which the costs are incurred.&nbsp; The Company incurred
$828,000 of acquisition related costs.&nbsp; The Company will incur integration
expenses during 2010 relating to manufacturing process changes and computer
conversion, but it is expected to be immaterial.</font></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">In the period between the Closing Date and December 31,
2009, <i>Bush Hog</i> generated approximately $10.9 million of net revenue and $1.5
million net loss. The Company has included the operating results of <i>Bush Hog</i>
in its consolidated financial statements since the Closing Date.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-bottom:10.0pt;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The unaudited pro forma
statement of income of the Company assuming this transaction occurred at
January 1, 2009 is as follows:</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=450
 style='width:75%;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=7 valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Nine Months Ended</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=7 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>(In thousands, except per
  share amounts)</p>
  </td>
  <td colspan=3 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td colspan=2 valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td colspan=2 valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=7 valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Net
  Sales</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">395,021&nbsp;</font></p>
  </td>
  <td colspan=2 valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">408,918&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Net
  Income</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">17,013&nbsp;</font></p>
  </td>
  <td colspan=2 valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">9,252&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Diluted
  Earnings per Share</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1.43&nbsp;</font></p>
  </td>
  <td colspan=2 valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">0.92&nbsp;</font></p>
  </td>
 </tr>
 <tr height=0>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
 </tr>
</table>

</div>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The unaudited pro forma financial information
is presented for informational purposes only and is not intended to represent
or be indicative of the consolidated results of operations of the Company that
would have been reported had the acquisition been completed as of the beginning
of the periods presented, and should not be taken as being representative of
the future consolidated results of operations of the Company. </p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>7</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-indent:.25in; margin-left:0in; margin-top:0in'><b>
<font size="2">3.&nbsp; Accounts Receivable</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts Receivable is shown less allowance for
doubtful accounts of $2,819,000 and $2,548,000
at September 30, 2010 and December 31, 2009, respectively.</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">4.&nbsp; Inventories</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories valued at
LIFO cost represented 57% and 63% of total inventory at September 30, 2010 and
December 31, 2009, respectively.&nbsp; The excess of current costs over LIFO valued
inventories was $8,016,000 at September 30, 2010 and $9,106,000 at December 31,
2009.&nbsp; The LIFO reserve through September 30, 2010 has been reduced by
$1,090,000 due to volume reduction in U.S. inventory.&nbsp; Inventory obsolescence
reserves were $9,075,000 at September 30, 2010 and $9,060,000 at December 31, 2009.&nbsp;
Net inventories consist of the following:</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="75%">
 <tr style='page-break-inside:avoid;height:11.85pt'>
  <td valign=bottom style='border-bottom:1px solid #000000; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
	<font size="2" face="Arial">(in thousands)</font></td>
  <td valign=bottom style='border-bottom:1px solid #000000; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-bottom:1px solid #000000; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-bottom:1px solid #000000; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td valign=bottom style='border-bottom:1px solid #000000; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-bottom:1px solid #000000; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">December 31,</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:11.85pt'>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Finished
  goods</font></p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">84,154</font></p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">102,981</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Work in
  process</font></p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">10,260</font></p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">10,611</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Raw
  materials </font> </p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">10,019</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">11,030</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">104,433</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">124,622</font></p>
  </td>
 </tr>
 </table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An actual valuation of
inventory under the LIFO method can be made only at the end of each year based
on the inventory levels and costs at that time.&nbsp; Accordingly, interim LIFO must
necessarily be based to some extent on management's estimates at each quarter
end. </p>

<h2 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Times New Roman";font-weight:bold;'>&nbsp;</h2>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">5.&nbsp; Derivatives and Hedging</font></b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Most of the Company&#146;s outstanding debt is advanced
from a revolving credit facility that accrues interest at a contractual margin over current market interest rates.&nbsp; The
Company&#146;s financing costs associated with this credit facility can materially
change with market increases and decreases of short-term borrowing rates,
specifically London Inter Bank Operating Rate (&#147;LIBOR&#148;).&nbsp; During the second
quarter of 2007, the Company entered into two interest rate swap agreements
with JPMorgan that hedge future cash flows related to its outstanding debt
obligations.&nbsp; One swap had a three-year term and fixed the LIBOR base rate at
4.910% covering $20 million of this debt which expired on March 31, 2010.&nbsp; The
other swap has a four-year term and fixed the LIBOR base rate at 4.935%
covering an additional $20 million of these variable rate borrowings and
expires on March 31, 2011.&nbsp; On November 5, 2009, JPMorgan transferred the swap
transactions to Bank of America.&nbsp; The terms of the hedging instrument remain
the same.&nbsp; As of September 30, 2010, the Company had $21 million outstanding
under its revolving credit facility and one interest rate swap contract
designated as cash flow hedge which is effectively hedging $20 million of these
borrowings from changes in underlying LIBOR base rates.&nbsp; The fair market value
of this hedge, which is the amount that would have been paid or received by the
Company had it prematurely terminated this swap contract at September 30, 2010,
was a $465,000 liability.&nbsp; This is included in Accrued liabilities with an
offset in Accumulated other comprehensive income, net of taxes.&nbsp; At September
30, 2010, ineffectiveness related to the interest rate swap agreement was not
material.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">6.&nbsp; Fair Value Measurements</font></b></p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left'>The Company adopted SFAS 157, &#147;Fair Value
Measurements&#148; as of January 1, 2008.&nbsp; FSAS 157 defines fair value as the
exchange price that would be received for an asset or paid to transfer a
liability (an exit price) in the principal or most advantageous market for the
asset or liability in an orderly transaction between market participants.&nbsp; SFAS
157 also specifies a fair value hierarchy based upon the observability of
inputs used in valuation techniques.&nbsp; Observable inputs (highest level) reflect
market data obtained from independent sources, while unobservable inputs
(lowest level) reflect internally developed market assumptions.&nbsp; In accordance
with SFAS 157, fair value measurements are classified under the following
hierarchy:</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>8</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";'><b>Level 1 </b>&#150; Quoted prices for identical instruments in active
markets.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";margin-left:.5in;text-indent:0in'><b>Level 2</b> &#150;
Quoted prices for similar instruments in active markets; quoted prices for
identical or similar instruments in markets that are not active; and
model-derived valuations in which all significant inputs or significant
value-drivers are observable in active markets.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";margin-left:.5in;text-indent:0in'><b>Level 3</b> &#150;
Model-derived valuations in which one or more significant inputs or significant
value-drivers are unobservable</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-indent:0in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left'>When available, the Company uses quoted market prices
to determine fair value, and the Company classifies such measurements within
Level 1.&nbsp; In some cases where market prices are not available, the Company
makes use of observable market based inputs to calculate fair value, in which
case the measurements are classified with Level 2.&nbsp; If quoted or observable
market prices are not available, fair value is based upon internally developed
models that use, where possible, current market-based parameters such as
interest rates, yield curves, currency rates, etc.&nbsp; These measurements are
classified within Level 3.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-indent:0in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left'>Fair value measurements are classified to the lowest
level input or value-driver that is significant to the valuation.&nbsp; A
measurement may therefore be classified within Level 3 even though there may be
significant inputs that are readily observable.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-align:left;text-indent:0in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";'><b>Derivative
financial instruments</b></p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The fair value of interest rate swap
derivatives is primarily based on third-party pricing service models.&nbsp; These
models use discounted cash flows that utilize the appropriate market-based
forward swap curves and zero-coupon interest rates.&nbsp; Interest rate swap
derivatives are Level 2 measurements and have a fair value of a negative $465,000
as of September 30, 2010.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-align:left'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The fair value of foreign currency forward
contracts is based on a valuation model that discounts cash flows resulting
from the differential between the contract price and the market-based forward
rate and is a Level 2 measurement and has a fair value of $54,000 loss as of
September 30, 2010.</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">7.&nbsp; Common Stock and Dividends</font></b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-indent:.5in'>Dividends declared and paid
on a per share basis were as follows:</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="65%">
 <tr>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td colspan=4 valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>Nine Months Ended</h2>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td colspan=4 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:15.0pt'>
  <td valign=top style='border:medium none;padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>Dividends
  declared</p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">0.18</font></p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">0.18</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Dividends
  paid </font> </p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">0.18</font></p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:.05in; padding-right:.05in; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">0.18</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:.25in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style="text-indent: 0.25in"><font face="Arial" size="2"><b>8.&nbsp; Stock-Based
     Compensation</b></font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:.25in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company has granted
options to purchase its common stock to certain employees and directors of the
Company and its affiliates under various stock option plans at no less than the
fair market value of the underlying stock on the date of grant.&nbsp; These options
are granted for a term not exceeding ten years and are forfeited in the event
the employee or director terminates his or her employment or relationship with
the Company or one of its affiliates other than by retirement, based on certain
criteria. &nbsp;These options generally vest over five years.&nbsp; All option plans
contain anti-dilutive provisions that permit an adjustment of the number of
shares of the Company&#146;s common stock represented by each option for any change
in capitalization.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left;text-indent:.5in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company&#146;s stock-based
compensation expense was $474,000 and $429,000 for the quarter ended September
30, 2010 and 2009, respectively.</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
  </td>
 </tr>
</table>

</div>

<p align="center"><font face="Arial">

<br clear=ALL>

9</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

<p style='margin-bottom:.0001pt;page-break-after:avoid;font-family:"Arial";font-weight:bold;page-break-after:auto; margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">Qualified Options</font></i></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><font style="font-size: 10.0pt">&nbsp;</font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Following
is a summary of activity in the Incentive Stock Option Plans for the period
indicated:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=436
 style='width:75%;margin-left:-23.9pt;border-collapse:collapse'>
 <tr style='height:13.8pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial"><i>For
  nine months ending September 30, 2010</i></font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td colspan=4 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style='height:13.8pt'>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Shares</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Exercise</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Price*</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options
  outstanding at beginning of year</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">345,480&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granted</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">19,000&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$24.69&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercised
  </font>
  </p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(4,350)</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$12.98&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cancelled
  </font>
  </p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#150;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options
  outstanding at September 30, 2010</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">360,130&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$18.29&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options
  exercisable at September 30, 2010</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">212,080&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$18.78&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options
  available for grant at September 30, 2010</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">195,500&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">*Weighted
Averages</font></i></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font size="2">Options
outstanding and exercisable at September 30, 2010 were as follows:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=614
 style='width:90%;margin-left:20.75pt;border-collapse:collapse'>
 <tr style='height:13.8pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial"><b>Qualified
  Stock Options</b></font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Options Outstanding</font></b></p>
  </td>
  <td valign=bottom style='padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Options Exercisable</font></b></p>
  </td>
 </tr>
 <tr style='height:13.8pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Shares</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Remaining</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Contractual</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Life(yrs)*</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Exercise</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Price*</font></p>
  </td>
  <td valign=bottom style='padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:3.3pt;text-align:center; margin-left:0in; margin-top:0in'>
	<font size="2">Shares</font></p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Exercise</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Price*</font></p>
  </td>
 </tr>
 <tr style='height:8.5pt'>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Range of Exercise Price</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$11.45 -
  $17.85 </font> </p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">153,130&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6.80</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$&nbsp;12.24&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">77,680&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$&nbsp;13.02&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$19.79 -
  $25.18 </font> </p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">207,000&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6.75</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$&nbsp;22.77&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">134,400&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$&nbsp;22.10&nbsp;</font></p>
  </td>
 </tr>
 <tr style='height:11.3pt'>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total
  </font>
  </p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">360,130&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">212,080&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">*Weighted
Averages</font></i></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>&nbsp;</i></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">Non-qualified
Options</font></i></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">Following is a summary of activity in the Non-Qualified
Stock Option Plans for the period indicated:</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=415
 style='width:75%;margin-left:-.65pt;border-collapse:collapse'>
 <tr style='height:13.8pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial"><i>For
  nine months ending September 30, 2010</i></font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td colspan=4 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style='height:13.8pt'>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Shares</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Exercise</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Price*</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options
  outstanding at beginning of year</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">186,000&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granted</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#150;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercised
  </font>
  </p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(59,100)</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$&nbsp;&nbsp;12.01&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cancelled
  </font>
  </p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#150;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options
  outstanding at September 30, 2010</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">126,900&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$&nbsp;&nbsp;15.76&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options exercisable
  at September 30, 2010</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">81,500&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$&nbsp;&nbsp;16.27&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options
  available for grant at September 30, 2010</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">364,000&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">*Weighted
Averages</font></i></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><i>&nbsp;</i></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-bottom:10.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size="2"> Options outstanding and exercisable at September 30, 2010
were as follows:</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=622
 style='width:90%;margin-left:20.75pt;border-collapse:collapse'>
 <tr style='height:13.8pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial"><b>Non-Qualified
  Stock Options</b></font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Options Outstanding</font></b></p>
  </td>
  <td valign=bottom style='padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Options Exercisable</font></b></p>
  </td>
 </tr>
 <tr style='height:13.8pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Shares</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Remaining</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Contractual</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Life(yrs)*</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Exercise&nbsp;&nbsp;</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Price*&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:3.3pt;text-align:right; margin-left:0in; margin-top:0in'>
	<font size="2">Shares&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Exercise</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Price*</font></p>
  </td>
 </tr>
 <tr style='height:13.8pt'>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Range of Exercise Price</font></p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$11.45 -
  $12.10 </font> </p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">80,900&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">8.70</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$11.48&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">48,000&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$11.87&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$13.96 -
  $19.79 </font> </p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">13,500&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.26</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$18.71&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">13,500&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;$18.71&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$25.02 -
  $25.18 </font> </p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">32,500&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6.92</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$25.17&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">20,000&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;$25.16&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total
  </font>
  </p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">126,900&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">81,500&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:2.25pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">*Weighted Averages</font></i></p>
<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>10</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">Restricted Stock Units</font></i></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">Following is a summary of activity in the
Restricted Stock Units for the periods indicated:</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:.25in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For nine months ending September 30, 2010</font></i></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=495
 style='width:75%;border-collapse:collapse'>
 <tr style='height:13.8pt'>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Shares</font></p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Weighted- average remaining</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">contractual term (in years)</font></p>
  </td>
 </tr>
 <tr style='height:13.8pt'>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Options
  outstanding at beginning of year</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">8,000&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.00</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Granted
  </font>
  </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,000&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exercised
  </font>
  </p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(2,000)</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cancelled
  </font>
  </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#151;&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Options
  outstanding at end of year </font> </p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">9,000&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3.33</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.5in;text-align:justify;text-indent:-.25in; margin-right:0in; margin-top:0in'><b>
<font size="2">9.&nbsp; Earnings Per Share</font></b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-top:0in;margin-right:13.5pt;
margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:left;
text-indent:.25in'>The following table sets
forth the reconciliation from basic to diluted average common shares and the
calculations of net income per common share.&nbsp; Net income is the same for basic
and diluted per share calculations. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:13.5pt;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;text-indent:.5in'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=656
 style='width:90%;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in'>
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="right" colspan="5">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Three Months Ended</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in' align="right">
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="right" colspan="5">
  <h1 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font face="Arial" size="2">Nine Months Ended</font></h1>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in'>
	<font size="2" face="Arial">(In thousands, except per share amounts)</font></td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="center" colspan="2">
  <b>
	<font face="Arial" size="2">2010</font></b></td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="center">
  &nbsp;</td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="center">
  <b>
	<font size="2" face="Arial">2009</font></b></td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="center">
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="center" colspan="2">
  <b>
	<font face="Arial" size="2">2010</font></b></td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="center">
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding:0in' align="center" colspan="2">
  <b>
	<font size="2" face="Arial">2009</font></b></td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in'>
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in' align="right" colspan="2">
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in' align="right">
  &nbsp;</td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in' align="right">
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in' align="right">
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in' align="right" colspan="2">
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in' align="right">
  &nbsp;</td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding:0in' align="right" colspan="2">
  &nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Net
  Income </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>8,150</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>4,583</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">17,013</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">9,118</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;
  padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:
  0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Average
  Common Shares:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	</font> </p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic
  (weighted-average outstanding shares) </font> </p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">11,803</font></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">10,047</font></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">11,769</font></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">9,988</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dilutive
  potential common shares from stock </font> </p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; options
  and warrants </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">103</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">39</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">105</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">24</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">&nbsp;&nbsp;&nbsp; &nbsp;
  Diluted (weighted-average outstanding shares) </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">11,906</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">10,086</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">11,874</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">10,012</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;
  padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:
  0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Basic
  earnings per share </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">0.69</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">0.46</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">1.45</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">0.91</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:16.65pt'>
  <td valign=top style='border:medium none;padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;
  padding:0in;' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:
  0in;' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding:0in;
  ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">Diluted
  earnings per share </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">0.68</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">0.46</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">1.43</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding:0in; ' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";'>
	<font face="Arial">0.91</font></p>
  </td>
 </tr>
 </table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>11</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">10. &nbsp;Segment Reporting</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:9.0pt;margin-bottom:10.0pt;
margin-left:0in;page-break-after:avoid'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At September 30, 2010 and September 30, 2009 the
following unaudited financial information is segmented:&nbsp; </font> </p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:-12.6pt;border-collapse:collapse' width="90%">
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td colspan=4 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Three Months Ended</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td colspan=3 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Nine Months Ended</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30, </font> </b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(in
  thousands)</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b><font size="2">&nbsp;&nbsp;</font><b><font size="2">
	</font> </b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold;text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>Net Revenue</h2>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:9.9pt'>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">46,846&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">45,547&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>141,434&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>134,737&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agricultural</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>48,880&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>20,158&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>134,009&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>63,263&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; European</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">36,572&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">44,613&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">119,578&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">135,704&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Consolidated</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">132,298&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">110,318&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">395,021&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">333,704&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Income
  From Operations</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,454&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">947&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6,354&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">415&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agricultural</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5,216&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">1,528&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">8,140&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,988&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; European</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">3,447&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5,191&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">10,416&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">12,824&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Consolidated</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">11,117&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">7,666&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>24,910&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>16,227&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Goodwill</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">13,525&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">27,168&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">13,525&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">27,168&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agricultural</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#150;&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#150;&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#150;&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#150;&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; European</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">21,073&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">22,281&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">21,073&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">22,281&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Consolidated</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">34,598&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">49,449&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>34,598&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>49,449&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Total
  Identifiable Assets</font></b></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">120,036&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">151,226&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">120,036&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">151,226&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agricultural</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">114,309&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">61,859&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">114,309&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>61,859&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; European</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">135,950&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">140,853&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">135,950&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">140,853&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Consolidated</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">370,295&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">353,938&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">370,295&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">353,938&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.25in; margin-right:0in; margin-top:0in'><b>
<font size="2">11.&nbsp; Off-Balance Sheet Arrangements</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:10.0pt;font-family:"CG Times \(W1\)";text-indent:.25in;page-break-after:avoid'>
<font face="Arial"><b>&nbsp;</b></font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">The Company does not have any obligation under any
transaction, agreement or other contractual arrangement to which an entity
unconsolidated with the Company is party, that has or is reasonably likely to
have a material effect on the Company&#146;s financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:9.0pt;margin-bottom:10.0pt;
margin-left:0in;text-align:justify;page-break-after:avoid'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:37.5pt;text-indent:-19.5pt; margin-right:0in; margin-top:0in'><b>
<font size="2">12.&nbsp;&nbsp;&nbsp;
Comprehensive
Income</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.25in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:9.0pt;margin-bottom:10.0pt;
margin-left:0in;text-align:justify;page-break-after:avoid'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The components of Comprehensive
Income, net of related tax are as follows:</font><i><font size="2"> </font> </i></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:-19.25pt;border-collapse:collapse' id="table1" width="90%">
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=4 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Three Months Ended</font></b></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td colspan=4 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Nine Months Ended</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=4 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td colspan=4 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(in
  thousands)</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net
  Income </font> </p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">8,150&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4,583&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">17,013&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">9,118&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:14.85pt'>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Cash
  flow derivatives, net of taxes</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">114&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">142&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">497&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">476&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:14.85pt'>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Amortization
  of actuarial net gain </font> </p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">19&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">38&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">57&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">116&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:14.85pt'>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Foreign
  currency&nbsp; translation adjustment </font> </p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">8,530&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,568&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(3,249)</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">7,109&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:7.15pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Comprehensive
  Income </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">16,813&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">7,331&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">14,318&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">16,819&nbsp;</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:9.0pt;margin-bottom:10.0pt;
margin-left:0in;text-align:justify;page-break-after:avoid'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:9.0pt;margin-bottom:10.0pt;
margin-left:0in;text-align:justify;page-break-after:avoid'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>12</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:9.35pt;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;page-break-after:
avoid'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:9.35pt;margin-bottom:
0in;margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;page-break-after:
avoid'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-bottom:10.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;<font size="2">&nbsp;&nbsp; The components of Accumulated other comprehensive income
as shown on the Balance Sheet are as follows:</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width=477
 style='width:65%;margin-left:-.05pt;border-collapse:collapse'>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-top:medium none windowtext;
  border-left:medium none;border-bottom:1px solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>September 30,</h2>
  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>2010</h2>
  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>(Unaudited)</h2>
  </td>
  <td valign=bottom style='border-top:medium none windowtext;
  border-left:medium none;border-bottom:1px solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-top:medium none windowtext;
  border-left:medium none;border-bottom:1px solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>December 31,
	<br>
	2009</h2>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:-.9pt;text-align:center; margin-left:0in; margin-top:0in'><b>
	<font size="2">(Audited)</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(in
  thousands)</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b></p>
  </td>
  <td valign=top style='border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='border:medium none;
  padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Foreign
  currency translation adjustment</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;
  padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4,940&nbsp;</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">&nbsp;&nbsp; 8,148&nbsp;</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.5pt'>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Derivatives,
  net of taxes</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(288)</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">(744)</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:4.4pt'>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Actuarial
  gain on defined benefit pension plan</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(2,200)</font></p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">(2,257)</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:13.1pt'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Accumulated
  other comprehensive income</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2,452&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">$</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.5pt; padding-right:1.5pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">5,147&nbsp;</font></p>
  </td>
 </tr>
 </table>

</div>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:37.5pt;text-indent:-19.5pt; margin-right:0in; margin-top:0in'><b>
<font size="2">13.&nbsp;&nbsp;&nbsp;
Contingent
Matters</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.25in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company is subject to various unresolved legal
actions that arise in the ordinary course of its business.&nbsp; The most prevalent
of such actions relate to product liability, which is generally covered by
insurance after various self-insured retention (&#147;SIR&#148;) amounts.&nbsp; While amounts
claimed might be substantial and the liability with respect to such litigation
cannot be determined at this time, the Company believes that the outcome of
these matters will not have a material adverse effect on the Company&#146;s
consolidated financial position or results of operations; however, the ultimate
resolution cannot be determined at this time.</font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company is subject to numerous environmental laws and regulations concerning
air emissions, discharges into waterways, and the generation, handling,
storage, transportation, treatment and disposal of waste materials.&nbsp; The
Company&#146;s policy is to comply with all applicable environmental, health and
safety laws and regulations, and the Company believes it is currently in
material compliance with all such applicable laws and regulations.&nbsp; These laws
and regulations are constantly changing, and it is impossible to predict with
accuracy the effect that changes to such laws and regulations may have on the
Company in the future.&nbsp; Like other industrial concerns, the Company&#146;s
manufacturing operations entail the risk of noncompliance, and there can be no
assurance that the Company will not incur material costs or other liabilities
as a result.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company knows that its Indianola, Iowa property is contaminated with chromium
which most likely resulted from chrome plating operations which were
discontinued before the Company purchased the property. Chlorinated volatile
organic compounds have also been detected in water samples on the property,
though the source is unknown at this time. The Company voluntarily worked with
an environmental consultant and the state of Iowa with respect to these issues
and believes it completed its remediation program in June 2006. The work was
accomplished within the Company&#146;s environmental liability reserve balance. We
requested a &#147;no further action&#148; classification from the state.&nbsp; We received a
conditional &#147;no further action&#148; letter in January of 2009.&nbsp; When we demonstrate
stable or improving conditions below residential standards by future monitoring
of existing wells, an unconditional &#147;no further action&#148; letter will be
requested.</font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font> </p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At
September 30, 2010, the Company had an environmental reserve in the amount of
$1,602,000 related to the acquisition of <i>Gradall&#146;s</i> facility in New
Philadelphia, Ohio.&nbsp; Three specific remediation projects that were identified
prior to the acquisition are in process of remediation with a remaining reserve
balance of $137,000.&nbsp; The Company has a reserve of $277,000 concerning a
potential asbestos issue that is expected to be abated over time.&nbsp; The balance
of the reserve, $1,188,000, is mainly for potential ground water
contamination/remediation that was identified before the acquisition and believed to have been generated by a third party company
located near the <i>Gradall</i> facility.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>13</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
company knows that <i>Bush Hog</i>&#146;s main manufacturing property in Selma,
Alabama was contaminated with chlorinated volatile organic compounds which most
likely resulted from painting and cleaning operations during the 1960&#146;s and &#145;70s.&nbsp;
The contaminated areas were primarily in the location of underground storage
tanks and underneath the former waste storage area. Under the Asset Purchase
Agreement, <i>Bush Hog</i>&#146;s prior owner agreed to and has removed the
underground storage tanks at its cost and has remedied the identified
contamination in accordance with the regulations of the Alabama Department of
Environmental Management.&nbsp;An environmental consulting firm was retained by
the prior owner and is administering the cleanup and will monitor the sites on
an ongoing basis.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certain
other assets of the Company contain asbestos that may have to be remediated
over time.&nbsp; Management has made its best estimate of the cost to remediate
these environmental issues.&nbsp; However, such costs are difficult to estimate
including the timing of such costs.&nbsp; The Company believes that any subsequent
change in the liability associated with the asbestos removal will not have a
material adverse affect on the Company&#146;s consolidated financial position or
results of operations.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company is subject to various other federal, state, and local laws affecting
its business, as well as a variety of regulations relating to such matters as
working conditions, equal employment opportunities, and product safety. A
variety of state laws regulate the Company&#146;s contractual relationships with its
dealers, some of which impose restrictive standards on the relationship between
the Company and its dealers, including events of default, grounds for
termination, non-renewal of dealer contracts and equipment repurchase
requirements. The Company believes it is currently in material compliance with
all such applicable laws and regulations.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.&nbsp;
Pension Benefits</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;text-indent:.7pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In connection with the February 3,
2006 purchase of all the net assets of the <i>Gradall</i> excavator business,
Alamo Group Inc. assumed sponsorship of two <i>Gradall</i> non-contributory
defined benefit pension plans, both of which were frozen with respect to both
future benefit accruals and future new entrants.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;text-indent:.7pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The <i>Gradall</i>
Company Hourly Employees&#146; Pension Plan covers approximately 310 former
employees and 210 current employees who (i) were formerly employed by the
former parent of Gradall, (ii) were covered by a collective bargaining
agreement and (iii) first participated in the plan before April 6, 1997.&nbsp; An
amendment ceasing all future benefit accruals was effective April 6, 1997.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size="2"> The <i>Gradall</i>
Company Employees&#146; Retirement Plan covers approximately 190 former employees
and 150 current employees who (i) were formerly employed by the former parent
of Gradall, (ii) were not covered by a collective bargaining agreement and
(iii) first participated in the plan before December 31, 2004. An amendment
ceasing future benefit accruals for certain participants was effective December
31, 2004.&nbsp; A second amendment discontinued all future benefit accruals for all
participants effective April 24, 2006.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company&#146;s pension expense was $50,000 and pension income was $138,000 for the three
months ended September 30, 2010 and 2009, respectively.&nbsp; The Company is
required to make contributions in the amount of $1,561,000 to the pension plans
for 2010 of which $1,344,000&nbsp;has been
paid through September 30, 2010.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-align:justify;text-indent:
..25in; margin-left:0in; margin-top:0in'><b><font size="2">15.&nbsp; Income Taxes</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-align:justify; margin-left:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Arial";margin-bottom:.0001pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We are subject to U.S. federal income tax and various
state, local, and international income taxes in numerous jurisdictions. Our
domestic and international tax liabilities are subject to the allocation of
revenue and expenses in different jurisdictions and the timing of recognizing
revenue and expenses. Additionally, the amount of income taxes paid is subject
to our interpretation of applicable tax laws in the jurisdictions in which we
file. </font> </p>

<p style='margin-right:0in;margin-left:0in;font-family:"Arial";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;
margin-bottom:.0001pt'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We
currently file income tax returns in the U.S., and all foreign jurisdictions in
which we have entities, which are periodically under audit by federal, state,
and international tax authorities. These audits can involve complex matters
that may require an extended period of time for resolution. There are no income
tax examinations currently in process. Although the outcome of open tax audits
is uncertain, in management&#146;s opinion, adequate provisions for income taxes
have been made. If actual outcomes differ materially from these estimates, they
could have a material impact on our financial condition and results of
operations. Differences between actual results and assumptions, or changes in
assumptions in future periods are recorded in the period they become known. To
the extent additional information becomes available prior to resolution, such
accruals are adjusted to reflect probable outcomes. Our effective tax rate is
impacted by earnings being realized in countries where we have lower statutory
rates.</font></p>
<p style='margin-right:0in;margin-left:0in;font-family:"Arial";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;
margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin-right:0in;margin-left:0in;font-family:"Arial";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;
margin-bottom:.0001pt'>&nbsp;</p>

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  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>14</p>
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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Arial";margin-top:9.0pt;margin-right:0in;margin-bottom:0in;margin-left:0in;
margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size="2"> During
the third quarter of 2010, the Company completed a research and development
credit study (R&amp;D study) related to prior year tax returns.&nbsp; The R&amp;D
study resulted in tax credits of approximately $1,100,000.&nbsp; The Company has
recorded an unrecognized tax benefit in the amount of approximately $190,000.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:13.5pt;margin-bottom:
0in;margin-left:37.5pt;margin-bottom:.0001pt;text-align:justify;text-indent:
- -19.5pt'><b><font size="2">16.&nbsp;&nbsp;&nbsp; Recent Accounting Pronouncements</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:13.5pt;margin-bottom:
0in;margin-left:.25in;margin-bottom:.0001pt;text-align:justify'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font> <b><i><font size="2">Amendments
to FASB Interpretation No.&nbsp;46(R)</font></i></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-align:justify;text-indent:
..1in; margin-left:0in; margin-top:0in'><b><font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In
December 2009, the Financial Accounting Standards Board (FASB) issued Accounting
Standard Update (ASU) 2009-17, which codified Statement of Financial Accounting
Standard (SFAS) 167, Amendments to FASB Interpretation No.&nbsp;46(R), issued
in June 2009. This guidance amends FASB Interpretation No.&nbsp;46 (revised
December&nbsp;2003) to address the elimination of the concept of a qualifying
special purpose entity. ASU 2009-17 also replaces the quantitative-based risks
and rewards calculation for determining which enterprise has a controlling
financial interest in a variable interest entity with an approach focused on
identifying which enterprise has the power to direct the activities of a
variable interest entity and the obligation to absorb losses of the entity or
the right to receive benefits from the entity. Additionally, ASU 2009-17 provides
more timely and useful information about an enterprise&#146;s involvement with a
variable interest entity. ASU 2009-17 became effective for the Company on
January 1, 2010.&nbsp; This ASU did not have a material impact on our consolidated
financial statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:27.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair
Value Measurements and Disclosures</font></i></b><font size="2"> </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:27.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In
January 2010, the FASB issued ASU 2010-06, &#147;Fair Value Measurements and
Disclosures,&#148; which amends the disclosure requirements related to recurring and
nonrecurring fair value measurements.&nbsp; The guidance requires new disclosures on
the transfers of assets and liabilities between Level 1 (quoted prices in
active market for identical assets or liabilities) and Level 2 (significant
other observable inputs) of the fair value measurement hierarchy, including the
reasons and the timing of the transfers. Additionally, the guidance requires a
roll forward of activities on purchases, sales, issuance, and settlements of
the assets and liabilities measured using significant unobservable inputs
(Level 3 fair value measurements). ASU 2010-06 became effective for us on
January 1, 2010, except for the disclosure on the roll forward activities for
Level 3 fair value measurements, which will become effective for us in the
first annual reporting period that begins after December 15, 2010 and for
interim periods within that first annual reporting period. Other than requiring
additional disclosures, adoption of this new guidance will not have a material
impact on our financial statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">
<a name="Item_2.__Management's_Discussion_and_Analysis_of_Financial_Condition_and_Results_of_Operations">Item 2.&nbsp; Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operations</a></font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>The following tables set forth, for the periods indicated,
certain financial percentages:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="90%">
 <tr>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td colspan=4 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Three Months Ended</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
  <td colspan=2 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td colspan=5 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Nine Months Ended</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td style='border:none;padding:0in 0in 0in 0in' width=1>
	<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>(As
  Percentages of Net Sales)</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b><font size="2">&nbsp;&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td colspan=3 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">North American</font></p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td colspan=3 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Industrial </font> </p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>35.4</p>
  </td>
  <td colspan=2 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>41.3</p>
  </td>
  <td colspan=2 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">35.8</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">40.4</font></p>
  </td>
  <td colspan=3 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Agricultural </font> </p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>37.0</p>
  </td>
  <td colspan=2 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>18.3</p>
  </td>
  <td colspan=2 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>33.9</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>18.9</p>
  </td>
  <td colspan=3 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">European </font> </p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>27.6</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>40.4</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">30.3</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">40.7</font></p>
  </td>
  <td colspan=3 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&nbsp;&nbsp;&nbsp; Total sales, net</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>100.0</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>100.0</p>
  </td>
  <td colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">100.0</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">100.0</font></p>
  </td>
  <td colspan=3 valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
 </tr>
 <tr height=0>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td style='border:none'></td>
  <td width=1 style='border:none'></td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' id="table2" width="90%">
 <tr style='height:24.75pt'>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td colspan=3 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Three Months Ended</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td colspan=3 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">Nine Months Ended</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">September 30,</font></b></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>(Cost
  Trends and Profit Margin, as</p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Percentages
  of Net Sales)</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2010</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">&nbsp;</font></b></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><b>
	<font size="2">2009</font></b><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='border:medium none;padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:13.5pt'>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Gross margin </font> </p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>24.5</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>23.3</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>22.6</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>21.5</p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
 </tr>
 <tr style='height:12.6pt'>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Income from operations</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">8.4</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6.9</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6.3</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.9</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
 </tr>
 <tr style='height:.2in'>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Income before income taxes </font> </p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">8.1</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6.2</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">5.9</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.0</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Net income </font> </p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">6.2</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.2</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">4.3</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in' align="right">
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">2.7</font></p>
  </td>
  <td valign=top style='padding-left:1.45pt; padding-right:1.45pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">%</font></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>15</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Overview</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">This
report contains forward-looking statements that are based on Alamo Group&#146;s
current expectations.&nbsp; Actual results in future periods may differ materially
from those expressed or implied because of a number of risks and uncertainties
which are discussed below and in the Forward-Looking Information section.</font></i></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In
the third quarter of 2010 the Company&#146;s net income was up 78% compared to the
third quarter of 2009 due to the Company&#146;s continued efforts with cost control
initiatives, tax credits related to prior years&#146; research and development, and
the acquisition of Bush Hog which was accretive to our sales and net income
during the third quarter.&nbsp; The weakness in the worldwide economy remains a
concern as market conditions in our European operations, specifically in
France, have continued to be soft.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">The Industrial Division sales increased 3% during the third
quarter of 2010 due to increases in the replacement parts business; however,
budgets of governmental entities and related contractors continue to be
constrained.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:.5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">The Agricultural Division saw a 142% increase in sales
versus the third quarter of 2009, most of it relating to the Bush Hog
acquisition along with some improvement in market conditions due to higher
commodity prices and growth in farm income.&nbsp; We expect some gradual improvement
in this Division for the remainder of the year and into 2011.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:.5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.5in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">European Division sales were down 18% in U.S. dollars and 13%
in local currency compared to the third quarter of 2009 as their markets
reflected the overall decline in the European economy.&nbsp; We expect this decline
in the European Division will continue to impact our results for the remainder
of the year.&nbsp; Offsetting some of these declines for the Company were benefits
from cost controls and restructuring measures implemented in 2009 as these
savings have contributed to steady improvements in our profits for 2010.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font size="2">The
Company is concerned that our markets for the remainder of 2010 could continue
to be negatively affected by a variety of factors such as continued weakness in
the overall economy, credit availability, increased levels of government
regulations; changes in farm incomes due to commodity prices or governmental
aid programs; adverse situations that could affect our customers including
weather conditions such as droughts and floods; budget constraints or revenue
shortfalls in governmental entities, and changes in our customer buying habits
due to lack of confidence in the economic outlook.</font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Results of Operations</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt; margin-left:0in; margin-top:0in'><i>
<font size="2">Three Months Ended September 30, 2010 vs. Three Months Ended
September 30, 2009</font></i></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net sales for the third quarter of 2010 were $132,298,000,
an increase of $21,980,000 or 19.9% compared to $110,318,000 for the third
quarter of 2009.&nbsp; The increase was attributable to the acquisition of Bush Hog,
offset by the continued weakness in the worldwide economy which affects the
markets which the Company serves.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt'>Net North American
Industrial sales increased during the third quarter by $1,299,000 or 2.9% to
$46,846,000 for 2010 compared to $45,547,000 during the same period in 2009.
The majority of the increase came primarily from higher sales of replacement
parts to governmental entities and related contractors.&nbsp; Governmental buyers
continue to cope with budget constraints as market conditions remained weak.&nbsp;
Compared to 2009, sales to state agencies remained steadier than those to
cities and counties.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify'><font size="2">Net North American
Agricultural sales for the third quarter were $48,880,000 in 2010 compared to $20,158,000 for the
same period in 2009, an increase of $28,722,000 or 142.5%.&nbsp; The increase was
primarily from the acquisition of Bush Hog in the amount of $25,659,000 and
some improvement in market conditions over 2009.</font></p>
<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
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	16</p>
  </td>
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</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt'>Net
European Sales for the third quarter of 2010 were $36,572,000, a decrease of
$8,041,000 or 18.0% compared to $44,613,000 during the third quarter of 2009.&nbsp;
The majority of the decrease was primarily due to continued softness in French
markets offset somewhat by the weaker U.S. dollar.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross profit for the third quarter of 2010 was $32,390,000
(24.5% of net sales) compared to $25,649,000 (23.3% of net sales) during the
same period in 2009, an increase of $6,741,000.&nbsp; The increase in gross margin
was from the acquisition of Bush Hog in the amount of $6,793,000.&nbsp; The increase
in gross margin percentage was a result of higher sales of replacement parts
and ongoing cost saving initiatives.</p>

<h2 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Times New Roman";font-weight:bold;'>&nbsp;</h2>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling, general and administrative expense
(&#147;SG&amp;A&#148;) was $21,273,000 (16.1% of net sales) during the third quarter of
2010 compared to $17,983,000 (16.3% of net sales) during the same period of
2009, an increase of $3,290,000.&nbsp; The acquisition of Bush Hog added $3,776,000
to SG&amp;A expenses.&nbsp; Excluding Bush Hog, SG&amp;A expenses were lower due to
ongoing cost control initiatives.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense was $888,000 for the third quarter of 2010 compared
to $1,005,000 during the same period in 2009, a decrease of $117,000.&nbsp; The
decrease was from lower borrowings in 2010 compared to 2009.&nbsp; The 2010 interest
expense includes $94,000 in amortization of bank fees from the amendment to our
Company&#146;s revolving credit agreement in November of 2009.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income (expense) was $112,000 of income during the third quarter of 2010 compared to $134,000 of income in the third quarter of 2009.&nbsp; The gains in
both 2010 and 2009 are entirely from changes in exchange rates.</p>

<h2 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Times New Roman";font-weight:bold;text-align:left'>&nbsp;</h2>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for income taxes was $2,609,000 (24.2% of income before taxes) for the
third quarter of 2010 compared to $2,227,000 (32.7% of income before taxes) in
the third quarter of 2009.&nbsp; Included in the 2010 tax
provision is an $898,000 tax credit related to prior years&#146; research and
development expenses.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company&#146;s net income after tax was $8,150,000
or $.68 per share on a diluted basis for the third quarter of 2010 compared to
$4,583,000 or $.46 per share on a diluted basis for the third quarter of 2009.&nbsp;
The increase of $3,567,000 resulted from the factors described above.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt; margin-left:0in; margin-top:0in'><i>
<font size="2">Nine Months Ended September 30, 2010 vs. Nine
Months Ended September 30, 2009</font></i></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net sales for the first nine months of 2010
were $395,021,000, an increase of $61,317,000 or 18.4% compared to $333,704,000
for the first nine months of 2009.&nbsp; The increase was mainly from the
acquisition of Bush Hog.&nbsp; Sales in the Company&#146;s core business were negatively
affected by the weakness in the worldwide economy.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;text-indent:.5in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt'>Net
North American Industrial sales increased during the first nine months by
$6,697,000 or 5.0% to $141,434,000 for 2010 compared to $134,737,000 during the
same period in 2009. The increase was due from higher sales of replacement
parts and to a lesser extent a slight improvement in sales of excavator, vacuum
truck, sweeper and mowing equipment products.&nbsp; Governmental entities continue
to be affected by budget constraints and revenue shortfalls. </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify'><font size="2">Net North American Agricultural
sales were $134,009,000 in 2010 compared to $63,263,000 for the same period in
2009, an increase of $70,746,000 or 111.8%.&nbsp; The increase was mainly from the
acquisition of Bush Hog in the amount of $69,763,000.&nbsp;&nbsp; The agricultural market
was soft during the first six months of 2010 due to the weakness in the overall
economy, thus leading to dealer reluctance to stock farm equipment.&nbsp; During the
third quarter of 2010, market conditions reflected some improvement due to
higher commodity prices and growing farm income.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt'>Net
European Sales for the first nine months of 2010 were $119,578,000, a decrease
of $16,126,000 or 11.9% compared to $135,704,000 during the same period of 2009.&nbsp;
The decrease was mainly from weak market conditions caused by the slowdown in
the European economy, specifically in France offset somewhat by the weaker U.S.
dollar. </p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-top:0in;margin-right:63.0pt;margin-bottom:
0in;margin-left:.5in;margin-bottom:.0001pt'>&nbsp;</p>

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  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
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	17</p>
  </td>
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<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross profit for the first nine months of 2010
was $89,206,000 (22.6% of net sales) compared to $71,705,000 (21.5% of net
sales) during the same period in 2009, a increase of $17,501,000. The increase
was mainly due to the acquisition of Bush Hog in the amount of $15,619,000.&nbsp;
Increases in replacement part sales supported higher margins as well as
improved margin percentages.&nbsp; Gross margin percentages also improved over 2009
as a result of ongoing control initiatives which helped lower manufacturing
costs.</p>

<h2 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Times New Roman";font-weight:bold;'>&nbsp;</h2>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling, general and administrative expense
(&#147;SG&amp;A&#148;) were $64,296,000 (16.3% of net sales) during the first nine months
of 2010 compared to $55,478,000 (16.6% of net sales) during the same period of
2009, an increase of $8,818,000.&nbsp; The increase in SG&amp;A for the nine months
of 2010 was due to the acquisition of Bush Hog which added $10,999,000.&nbsp;
Without Bush Hog, SG&amp;A declined $2,181,000 mainly from the benefit of the
2009 reductions in workforce along with other cost saving initiatives. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-indent:.5in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense was $3,162,000 for the first
nine months of 2010 compared to $3,248,000 during the same period in 2009, a
decrease of $86,000.&nbsp; The decrease was due to reduced borrowings in 2010
compared to 2009.&nbsp; The 2010 interest expense also includes $281,000 in
amortization of bank fees from the amendment to our Company&#146;s revolving credit
agreement in November of 2009. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other income (expense) was $77,000 of income
during the first nine months of 2010 compared to $130,000 of income in the
first nine months of 2009.&nbsp; The gains in both
2010 and 2009 are entirely from changes in exchange
rates.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for income taxes was $6,347,000 (27.2% of income before taxes) for 2010
compared to $4,328,000 (32.2% of income before taxes)
in 2009. &nbsp;Included in the 2010 tax provision is an $898,000 tax credit related
to prior years&#146; research and development expenses.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>The Company&#146;s net income after tax was $17,013,000 or $1.43
per share on a diluted basis for the first nine months of 2010 compared to
$9,118,000 or $.91 per share on a diluted basis for the first nine months of
2009.&nbsp; The increase of $7,895,000 resulted from the factors described above.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Liquidity and Capital Resources</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-indent:.25in; margin-left:0in; margin-top:0in'>
<font size="2">In addition to normal operating
expenses, the Company has ongoing cash requirements which are necessary to
operate the Company&#146;s business, including inventory purchases and capital
expenditures.&nbsp; The Company&#146;s inventory and accounts payable levels typically
build in the first half of the year and in the fourth quarter in anticipation
of the spring and fall selling seasons, particularly related to our
agricultural products.&nbsp; Accounts receivable historically build in the first and
fourth quarters of each year as a result of fall preseason sales programs and
out of season sales though with the soft economy this affect is less pronounced.&nbsp;
These sales level the Company&#146;s production during the off season. </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-indent:.5in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:.25in'>As of September 30, 2010, the Company had working
capital of $180,694,000 which represents a decrease of $2,802,000 from working
capital of $183,496,000 as of December 31, 2009.&nbsp; The decrease in working
capital was primarily from lower inventory levels from reduced levels of
activity and higher trade payables.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-align:left'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:.25in'>Capital expenditures were $3,579,000 for the first
nine months of 2010, compared to $2,661,000 during the first nine months of
2009.&nbsp; Capital expenditures for 2010 are expected to be above 2009 though still
below depreciation levels.&nbsp; The Company expects to fund expenditures from
operating cash flows or through its revolving credit facility, described below.</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-align:left'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:.25in'>The Company was authorized by its Board of Directors
in 1997 to repurchase up to 1,000,000 shares of the Company&#146;s common stock to
be funded through working capital and credit facility borrowings. &nbsp;There were
no shares purchased in 2009 or the nine months of 2010.&nbsp; The authorization to
repurchase up to 1,000,000 shares remains available less 42,600 shares
previously repurchased.</p>

<h2 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Times New Roman";font-weight:bold;text-align:justify'>&nbsp;</h2>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; During the third quarter
of 2010, the Company closed its manufacturing facility located in Orleans,
France and incurred $924,000 in redundancy and closure costs.&nbsp; The Company also
sold the Orleans facility and recorded a gain of $885,000.&nbsp; Production was
relocated to the manufacturing facility in Lyon, France.</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

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<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
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  <td valign=top align=left style='padding-top:0in;padding-right:0in;
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	18</p>
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</table>

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<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

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</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-align:left;text-indent:.25in'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash used by
financing activities was $25,305,000 during the
nine month period ending September 30, 2010, compared to net cash used of $36,809,000
for the same period in 2009.&nbsp; The decrease in financing activities in 2010 was
from paydowns on the bank credit facility due to cash provided by operating
activities.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On August 25, 2004, the
Company entered into a five-year $70 million Amended and Restated Revolving
Credit Agreement with its lenders, Bank of America, JPMorgan Chase Bank, and
Guaranty Bank. This contractually committed, unsecured facility allows the
Company to borrow and repay amounts drawn at floating or fixed interest rates based
upon Prime or LIBOR rates. Proceeds may be used for general corporate purposes
or, subject to certain limitations, acquisitions. The loan agreement contains
among other things the following financial covenants:&nbsp; Minimum Fixed Charge
Coverage Ratios, Minimum Consolidated Tangible Net Worth, Consolidated Funded
Debt to EBITDA Ratio and Minimum Asset Coverage Ratio, along with limitations
on dividends, other indebtedness, liens, investments and capital expenditures. </p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

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text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On February 3, 2006, the
Company amended and restated the credit agreement to increase the Company&#146;s
existing credit facility from $70 million to $125 million. Pursuant to the
terms of the Amended and Restated Revolving Credit Agreement, the Company has
the ability to request an increase in commitments by $25 million. In addition,
the existing credit facility was modified in other respects, including reducing
the asset coverage ratio and lowering the interest margins.</p>

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text-align:left'>&nbsp;</p>

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<font face="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On March 30, 2006 the Company entered into the Fourth Amendment of
the Amended and Restated Revolving Credit Agreement, dated March 30, 2006 (the
&#147;Amended and Restated Revolving Credit Agreement&#148;), between the Company and
Bank of America, N.A., JPMorgan Chase Bank and Guaranty Bank, as its lenders.
Pursuant to the terms of the Amended and Restated Revolving Credit Agreement,
the Company added <i>Gradall</i> Industries, Inc., formerly Alamo Group (OH)
Inc., and N.P. Real Estate Inc. as members of the Obligated Group. The
Amendment also allows for capital expenditures not to exceed $14 million for
the fiscal year ending 2006 and $10 million in the aggregate during each fiscal
year thereafter.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
May 7, 2007, the Company entered into the Fifth Amended and Restated Revolving
Credit Agreement with Bank of America, N.A., JPMorgan Chase Bank, Guaranty Bank
and Rabobank, as its lenders. The Amended and Restated Revolving Credit
Agreement provides for a $125 million unsecured revolving line of credit for
five years with the ability to expand the facility to $175 million, subject to
bank approval. In addition to the extended term of the loan to 2012, other
major changes were improvements in the leverage ratio, minimum asset coverage
ratio and increase in annual allowable capital expenditures up to $17.5
million. The banks agreed to eliminate the fixed charge coverage ratio and
minimum net worth requirement along with a reduction in the applicable interest
rate margin. The applicable interest margin fluctuates quarterly either up or
down based upon the Company&#146;s leverage ratio.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
October 14, 2008, the Company entered into the Sixth Amendment and Waiver under
the Amended and Restated Revolving Credit Agreement.&nbsp; The purpose of the
amendment and waiver was to clarify company names within the obligated group
after merging or dissolving some subsidiaries, to define operating cash flow
and defining quarterly operating cash flow for <i>Rivard</i> through June 30,
2010.&nbsp; Beginning June 30, 2010, <i>Rivard</i>&#146;s actual operating cash flow will
be used in the calculation of consolidated operating cash flow.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-indent:.25in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-indent:.25in; margin-left:0in; margin-top:0in'>
<font size="2">On November 6, 2009, the Company
entered into the Seventh Amendment of the Amended and Restated Revolving Credit
Agreement with Bank of America, N.A., Wells Fargo Bank, N.A., BBVA Compass
Bank, and Rabobank, as its lenders.&nbsp; Prior to the execution of this Amendment, BBVA
Compass Bank acquired certain assets of Guaranty Bank which included this
credit facility and JPMorgan Chase Bank assigned its interest to Well Fargo
Bank, N.A.&nbsp; The purpose of the amendment was to add Bush Hog as a member of the
Obligated Group and pledge a first priority security interest in certain U.S.
assets (accounts receivable, inventory, equipment, trademarks and trade names)
of the Borrower and each member of the Obligated Group.&nbsp; The Lenders agreed to
increase the operating leverage ratio during the next three quarters and to add
a new EBIT to Interest Expense covenant in exchange for a commitment fee and an
increase in the Applicable Interest Margin over LIBOR or Prime Rate advances.</font></p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

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<font size="2">As of September 30, 2010, there was
$21,000,000 borrowed under the revolving credit facility.&nbsp; At September 30,
2010, $926,000 of the revolver capacity was committed to irrevocable standby letters
of credit issued in the ordinary course of business as required by vendors&#146;
contracts resulting in approximately $103,000,000 in available borrowings.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-indent:.25in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
May 13, 2008, Alamo Group Europe Limited expanded its overdraft facility with
Lloyd&#146;s TSB Bank plc from 1,000,000 British pounds to 5,500,000 million British
pounds.&nbsp; The facility was renewed on November 1, 2009 and outstandings
currently bear interest at Lloyd&#146;s Base Rate plus 1.4% per annum.&nbsp; The facility
is unsecured but guaranteed by the U.K. subsidiaries of Alamo Group Europe
Limited.&nbsp; As of September 30, 2010, there were no British pounds borrowed
against the U.K. overdraft facility.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There
are additional lines of credit, for the Company&#146;s French operations in the
amount of 6,200,000 Euros, which includes the <i>Rivard</i> credit facilities,
for our Canadian operation in the amount of 3,500,000 Canadian dollars, and for
our Australian operation in the amount of 800,000 Australian dollars.&nbsp; As of
September 30, 2010, no Euros were borrowed against the French line of credit, no
Canadian dollars were outstanding on the Canadian line of credit and 400,000
Australian dollars were outstanding under its facility.&nbsp; The Canadian and
Australian revolving credit facilities are guaranteed by the Company.&nbsp;
</font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-indent:.25in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As of
September 30, 2010, the Company is in compliance with the terms and conditions
of its credit facilities.</font></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-indent:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Management believes the bank credit facilities and the Company&#146;s
ability to internally generate funds from operations should be sufficient to
meet the Company&#146;s cash requirements for the foreseeable future.&nbsp; However, the
challenges affecting the banking industry and credit markets in general can
potentially cause changes to credit availability which creates a level of
uncertainty.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";margin-bottom:0in;margin-bottom:.0001pt;
text-align:left'>&nbsp;</p>

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<font face="Arial"><b>Critical Accounting Estimates</b></font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-indent:.25in; margin-left:0in; margin-top:0in'>
<font size="2">Management&#146;s Discussion and Analysis
of Financial Condition and Results of Operations are based upon our Consolidated
Financial Statements, which have been prepared in accordance with GAAP.&nbsp; The
preparation of these financial statements requires management to make estimates
and assumptions that affect the reported amounts of assets, liabilities,
revenue and expenses, and related disclosure of contingent assets and
liabilities.&nbsp; Management bases its estimates on historical experience and on
various other assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
the carrying values of assets and liabilities that are not readily apparent
from other sources.&nbsp; Actual results may differ from these estimates under
different assumptions or conditions.</font></p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Times New Roman";text-indent:0in'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:10.0pt;font-family:"CG Times \(W1\)";margin-bottom:10.0pt;page-break-after:avoid'>
<font face="Arial"><b>Critical Accounting Policies </b></font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-indent:.25in; margin-left:0in; margin-top:0in'>
<font size="2">An accounting policy is deemed to be
critical if it requires an accounting estimate to be made based on assumptions
about matters that are highly uncertain at the time the estimate is made, and
if different estimates that reasonably could have been used, or changes in the
accounting estimates that are reasonably likely to occur periodically, could
materially impact the financial statements.&nbsp; Management believes the following
critical accounting policies reflect its more significant estimates and
assumptions used in the preparation of the Consolidated Financial Statements.&nbsp;
For further information on the critical accounting policies, see Note 1 of our
Notes to Consolidated Financial Statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-indent:.25in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">Allowance
for Doubtful Accounts</font></i></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-indent:.25in; margin-left:0in; margin-top:0in'>
<font size="2">The Company evaluates the
collectibility of its accounts receivable based on a combination of factors.&nbsp;
In circumstances where it is aware of a specific customer&#146;s inability to meet
its financial obligations, it records a specific reserve to reduce the amounts
recorded to what it believes will be collected.&nbsp; For all other customers, it
recognizes reserves for bad debt based on historical experience of bad debts as
a percent of revenues for each business unit, adjusted for relative
improvements or deteriorations in the agings and changes in current economic conditions.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-indent:.25in'>&nbsp;</p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-indent:.25in; margin-left:0in; margin-top:0in'>
<font size="2">The Company evaluates all aged
receivables that are over 60 days old and reserves specifically on a 90-day
basis.&nbsp; The Company&#146;s U.S. operations have Uniform Commercial Code (&#147;UCC&#148;)
filings on practically all wholegoods each dealer purchases. &nbsp;This allows the
Company in times of a difficult economy when the customer is unable to pay or
has filed for bankruptcy (usually Chapter 11), to repossess the customer&#146;s
inventory.&nbsp; This also allows Alamo Group to maintain a reserve over its cost
which usually represents the margin on the original sales price.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
bad debt reserve balance was $2,819,000 at September 30, 2010 and $2,548,000 at
December 31, 2009.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:.5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">Sales
Discounts</font></i></b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><i>&nbsp;</i></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font size="2">At September
30, 2010 the Company had $11,536,000 in reserves for sales discounts compared
to $3,803,000 at December 31, 2009 on products shipped to our customers under
various promotional programs.&nbsp; The increase was due primarily from additional
discounts reserved on the Company&#146;s agricultural<i> </i>products during the
pre-season, which runs from September to December of each year and orders are
generally shipped through the first quarter of 2010.&nbsp; The Company reviews the
reserve quarterly based on analysis made on each program outstanding at the
time.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company bases its reserves on historical data relating to discounts taken by
the customer under each program. &nbsp;Historically between 85% and 95% of the
Company&#146;s customers who qualify for each program, actually take the discount
that is available.</font></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><i>&nbsp;</i></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">Inventories
&#150; Obsolescence and Slow Moving</font></i></b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><i>&nbsp;</i></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">The Company had $9,075,000 at September 30, 2010 and
$9,060,000 at December 31, 2009 in reserve to cover obsolescence and slow
moving inventory.&nbsp; The obsolescence and slow moving policy states that the
reserve is to be calculated on a basis of: 1) no inventory usage over a three year
period and inventory with quantity on hand is deemed obsolete and reserved at
100 percent and 2) slow moving inventory with little usage requires a 100
percent reserve on items that have a quantity greater than a three year
supply.&nbsp; There are exceptions to the obsolete and slow moving classifications
if approved by an officer of the Company based on specific identification of an
item or items that are deemed to be either included or excluded from this
classification.&nbsp; In
cases where there is no historical data, management makes a judgment based on a
specific review of the inventory in question to determine what reserves, if any
are appropriate.&nbsp; New products or parts are generally excluded from the reserve
policy until a three year history has been established.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">The reserve is reviewed and if necessary, adjustments made,
on a quarterly basis.&nbsp; The Company relies on historical information to support
its reserve. &nbsp;Once the inventory is written down, the Company does not adjust
the reserve balance until the inventory is sold.</font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">&nbsp;</font></i></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">Warranty</font></i></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">&nbsp;</font></i></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">The Company&#146;s warranty policy is generally to provide its
customers warranty for up to one year on all equipment and 90 days for parts
though there are exceptions.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">Warranty reserve, as a percent of sales, is
calculated by taking the current twelve months of expenses and prorating that
based on twelve months of sales with a six month lag period.&nbsp; The Company&#146;s
historical experience is that an end-user takes approximately 90 days to six
months from the receipt of the unit to file a warranty claim.&nbsp; A warranty
reserve is established for each different marketing group.&nbsp; Reserve balances
are evaluated on a
quarterly basis and adjustments are made when required.&nbsp; </font> </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:.25in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">The current warranty reserve balance was $5,977,000 at September
30, 2010 and $5,973,000 at December 31, 2009.&nbsp; </font> </p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">&nbsp;</font></i></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt; margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">Product Liability</font></i></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt;text-indent:.25in; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">At September 30, 2010 the Company
had accrued $440,000 in reserves for product liability cases compared to $387,000
at December 31, 2009.&nbsp; The Company accrues primarily on a case by case basis
and adjusts the balance quarterly.</font></p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

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<font size="2">During most of 2010, the self insured retention (S.I.R.) for
U.S. product liability coverage for all products was at $100,000 per claim.&nbsp; The
S.I.R. for all Bush Hog products was set at the date of acquisition at $250,000
per claim.&nbsp; On September 30, 2010 the Company renewed its insurance coverage
and the S.I.R. for all U.S. products was $100,000 per claim.&nbsp; The Company also
carries product liability coverage in Europe, Canada and Australia which
contain substantially lower S.I.R.&#146;s or deductibles.</font></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><b><i>
<font size="2">&nbsp;</font></i></b></p>

<h3 style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.25in;text-align:justify;text-indent:-.25in;font-family:"Arial";font-weight:normal;margin-top:0in;margin-right:13.5pt;margin-bottom:12.0pt;margin-left:
4.5pt;text-indent:-4.5pt'><b><i><font size="2">Goodwill</font></i></b></h3>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill must be tested for impairment at
least annually. In the fourth quarter of each year, or when events and
circumstances warrant such a review, the Company tests the goodwill of all of
its reporting units for impairment. The goodwill impairment test is determined
using a two-step process.&nbsp; The first step is to identify if a potential
impairment exists by comparing the fair value of a reporting unit with its
carrying amount, including goodwill (Step 1).&nbsp; If the fair value of a reporting
unit exceeds its carrying value amount, goodwill of the reporting unit is not
considered to have a potential impairment and the second step is not
necessary.&nbsp; However, if the carrying amount of the reporting unit exceeds its
fair value, the second step (Step 2) is performed to determine if goodwill is
impaired and to measure the amount of impairment loss to recognize, if any.
Step 2 compares the implied fair value of goodwill with the carrying amount of
goodwill.&nbsp; If the implied value of goodwill is less than the carrying amount of
goodwill, then a charge is recorded to reduce goodwill to the implied goodwill.
The implied goodwill is calculated based on a hypothetical purchase price
allocation similar to the requirements for purchase accounting, in that it
takes the implied fair value of the reporting unit and allocates such fair
value to the fair value of the assets and liabilities of the reporting unit.&nbsp;
</font> </p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company estimates the fair value of its reporting units using a discounted cash
flow analysis. This analysis requires the Company to make significant
assumptions and estimates about the extent and timing of future cash flows,
discount rates and growth rates. The cash flows are estimated over a
significant future period of time, which makes those estimates and assumptions
subject to an even higher degree of uncertainty. The Company also utilizes
market valuation models
and other financial ratios, which require the Company to make certain assumptions
and estimates regarding the applicability of those models to its assets and
businesses. The Company believes that the assumptions and estimates used to
determine the estimated fair values of each of its reporting units are
reasonable. However, different assumptions could materially affect the
estimated fair value. The Company recognized goodwill impairment in the North
American Industrial segment of $14,104,000 in 2009 and $5,010,000 in the North
American Agricultural segment in 2008.&nbsp; During the 2009 impairment analysis review, it was noted
that even though the <i>Schwarze</i> reporting unit&#146;s fair value was above
carrying value it was not materially different. At December 31, 2009, there was
approximately $6.8 million of goodwill related to the <i>Schwarze</i> reporting
unit. This reporting unit would be most likely affected by changes in the
Company&#146;s assumptions and estimates. &nbsp;As of September 30, 2010, the Company had $34,598,000 of
goodwill, which represents 9% of total assets.&nbsp; The calculation of fair value could increase or
decrease depending on changes in the inputs and assumptions used, such as
changes in the reporting unit&#146;s future growth rates, discount rates, etc.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<h3 style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:.25in;text-align:justify;text-indent:-.25in;font-family:"Arial";font-weight:normal;margin-top:0in;margin-right:13.5pt;margin-bottom:12.0pt;margin-left:
4.5pt;text-indent:-4.5pt'><b><font size="2">Forward-Looking
Information</font></b></h3>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Part I of this Quarterly Report on
Form 10&#8209;Q and the &#147;Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operations&#148; included in Part II of this Quarterly
Report contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934.&nbsp; In addition, forward-looking
statements may be made orally or in press releases, conferences, reports or
otherwise, in the future by or on behalf of the Company.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statements that are not historical are
forward-looking.&nbsp; When used by or on behalf of the Company, the words
&#147;estimate,&#148; &#147;believe,&#148; &#147;intend&#148; and similar expressions generally identify
forward-looking statements made by or on behalf of the Company.</p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward-looking statements involve risks and
uncertainties.&nbsp; These uncertainties include factors that affect all businesses
operating in a global market, as well as matters specific to the Company and
the markets it serves.&nbsp; Particular risks and uncertainties facing the Company
include changes in market conditions; increased competition; decreases in the
prices of agricultural commodities, which could affect our customer&#146;s income
levels; budget constraints or income shortfalls which could affect the
purchases of our type of equipment by governmental customers; credit
availability for both the Company and its customers, adverse weather conditions
such as droughts and floods which can affect buying patterns of the Company&#146;s
customers; the price and availability of critical raw materials, particularly
steel and steel products; energy cost; increased cost of new governmental
regulations which effect corporations; the potential effects on the buying
habits of our customers due to diseases such as mad cow; the Company&#146;s ability
to develop and manufacture new and existing products profitably; market
acceptance of new and existing products; the Company&#146;s ability to maintain good
relations with its employees; and the ability to hire and retain quality
employees.</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition, the Company is subject
to risks and uncertainties facing the industry in general, including changes in
business and political conditions and the economy in general in both domestic
and international markets; weather conditions affecting demand; weakness in the
Company&#146;s markets; financial market changes including increases in interest
rates and fluctuations in foreign exchange rates; actions of competitors; the
inability of the Company&#146;s suppliers, customers, creditors, public utility
providers and financial service organizations to deliver or provide their
products or services to the Company; seasonal factors in the Company&#146;s
industry; unforeseen litigation; government actions including budget levels,
regulations and legislation, primarily relating to the environment, commerce,
infrastructure spending, health and safety; and availability of materials.</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
Company wishes to caution readers not to place undue reliance on any
forward-looking statements and to recognize that the statements are not
predictions of actual future results.&nbsp; Actual results could differ materially
from those anticipated in the forward-looking statements and from historical
results, due to the risks and uncertainties described above, as well as others
not now anticipated.&nbsp; The foregoing statements are not exclusive and further
information concerning the Company and its businesses, including factors that
could potentially materially affect the Company&#146;s financial results, may emerge from time to time.&nbsp; It is
not possible for management to predict all risk factors or to assess the impact
of such risk factors on the Company&#146;s businesses.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">
<a name="Item_3.__Quantitative_and_Qualitative_Disclosures_About_Market_Risks">Item 3.&nbsp; Quantitative and Qualitative Disclosures About
Market Risks</a></font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:13.5pt;margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:justify;text-indent:.5in;font-size:10.0pt;font-family:"Arial";text-align:left;text-indent:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company is exposed to various
markets risks.&nbsp; Market risks are the potential losses arising from adverse changes in market prices and rates.&nbsp; The Company does not enter into derivative or other financial instruments for
trading or speculative purposes.</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-right:13.5pt;text-align:justify; margin-left:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:13.5pt;text-align:justify; margin-left:0in; margin-top:0in'><b>
<font size="2">Foreign Currency Risk</font></b></p>

<p style='margin-bottom:.0001pt;page-break-after:avoid;font-size:12.0pt;font-family:"Arial";font-weight:bold;page-break-after:auto; margin-left:0in; margin-right:0in; margin-top:0in'><i>&nbsp;</i></p>

<p style='margin-bottom:.0001pt;page-break-after:avoid;font-family:"Arial";font-weight:bold;page-break-after:auto; margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">International Sales</font></i></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";text-align:left'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A portion of the Company&#146;s operations consists
of manufacturing and sales activities in international jurisdictions. The
Company primarily manufactures its products in the United States, the U.K., France, Canada and Australia.&nbsp; The Company sells its products primarily within the markets
where the products are produced, but certain of the Company&#146;s sales from its U.K. operations are denominated in other European currencies.&nbsp; As a result, the Company&#146;s
financials, specifically the value of its foreign assets, could be affected by
factors such as changes in foreign currency exchange rates or weak economic
conditions in the other markets in which the subsidiaries of the Company distribute
their products.</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To mitigate the short-term affect of changes in
currency exchange rates on the Company&#146;s functional currency-based sales, the
Company&#146;s U.K. subsidiaries regularly hedge by entering into foreign exchange
forward contracts to hedge approximately 80% of its future net foreign currency
sales transactions over a period of nine months.&nbsp; As of September 30, 2010, the
Company had $3,845,000 outstanding in forward exchange contracts related to
accounts receivables.&nbsp; A 15% fluctuation in exchange rates for these currencies
would change the fair value by approximately $385,000.&nbsp; However, since these
contracts hedge foreign currency denominated transactions, any change in the fair
value of the contracts should be offset by changes in the underlying value of
the transaction being hedged.</font></p>

<p style='margin-bottom:.0001pt;page-break-after:avoid;font-family:"Arial";font-weight:bold;page-break-after:auto; margin-left:0in; margin-right:0in; margin-top:0in'><i>
<font size="2">Exposure to Exchange Rates </font> </i></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font size="2">The
Company&#146;s earnings are affected by fluctuations in the value of the U.S. dollar
as compared to foreign currencies, predominately in European countries, as a
result of the sales of its products in international markets.&nbsp; Foreign currency
options and forward contracts are used to hedge against the earnings effects of
such fluctuations.&nbsp; At September 30, 2010, the result of a uniform 10%
strengthening in the value of the dollar relative to the currencies in which
the Company&#146;s sales are denominated would result in a decrease in gross profit
of $3,425,000 for the period ending September 30, 2010.&nbsp; Comparatively, the result
of a uniform 10% strengthening in the value of the dollar relative to the
currencies in which the Company&#146;s sales are denominated would have resulted in
a decrease in gross profit of approximately $3,781,000 for the period ended
September 30, 2009.&nbsp; This calculation assumes that each exchange rate would
change in the same direction relative to the U.S. dollar.&nbsp; In addition to the direct effects of changes in exchange rates, which
are a changed dollar value of the resulting sales, changes in exchange rates
may also affect the volume of sales or the foreign currency sales price as competitors&#146; products become more or less attractive.&nbsp; The Company&#146;s sensitivity
analysis of the effects of changes in foreign currency exchange rates
does not factor in a potential change in sales levels or local currency prices.&nbsp; The translation adjustment during the third quarter of 2010 was a gain of $8,530,000.&nbsp;
On September 30, 2010, the British pound closed at .6365 relative to 1.00 U.S.
dollar, and the Euro dollar closed at .7335 relative to 1.00 U.S. dollar.&nbsp; At
December 31, 2009 the British pound closed at .6187 relative to 1.00 U.S.
dollar and the Euro dollar closed at .6985 relative to 1.00 U.S. dollar.&nbsp; By
comparison, on September 30, 2009, the British pound closed at .6258 relative
to 1.00 U.S. dollar, and the Euro dollar closed at .6833 relative to 1.00 U.S.
dollar.&nbsp; No assurance can be given as to future valuation of the British pound
or Euro or how further movements in those or other currencies could affect
future earnings or the financial position of the Company.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-bottom:10.0pt;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2">Interest Rate Risk</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:-4.7pt; margin-left:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Company&#146;s long-term debt bears interest at
variable rates.&nbsp; Accordingly, the Company&#146;s net income is affected by changes
in interest rates.&nbsp; Assuming the current level of borrowings at variable rates
and a two percentage point change in the 2010 average interest rate under these
borrowings, the Company&#146;s interest expense would have changed by approximately $315,000.&nbsp;
In the event of an adverse change in interest rates, management could take
actions to mitigate its exposure.&nbsp; However, due to the uncertainty of the
actions that would be taken and their possible effects this analysis assumes no
such actions.&nbsp; Further this analysis does not consider the effects of the
change in the level of overall economic activity that could exist in such an
environment.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:-4.7pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>
<font size="2"><a name="Item_4._Controls_and_Procedures">Item 4. Controls and Procedures</a></font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-right:13.5pt;text-align:justify;text-indent:
..5in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:-4.5pt; margin-left:0in; margin-top:0in'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Disclosure Controls and Procedures</b>.&nbsp; An evaluation was carried out under
the supervision and with the participation of Alamo&#146;s management, including the
Chief Executive Officer, the Chief Financial Officer and the Vice-President,
Corporate Controller, of the effectiveness of the design and operation of our
disclosure controls and procedures pursuant to paragraph (b) of Exchange Act
Rules 13a &#150; 15 or 15d -15.&nbsp; Based upon the evaluation, the Chief Executive
Officer, the Chief Financial Officer and the Vice-President, Corporate
Controller, concluded that the Company&#146;s disclosure controls and procedures
were effective at the end of the period covered by this report.</font></p>
<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:-4.5pt; margin-left:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:-4.5pt; margin-left:0in; margin-top:0in'>&nbsp;</p>
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	24</p>
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<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:.75in;text-indent:-.75in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.75in; margin-right:0in; margin-top:0in'><b>
<font size="2"><a name="PART_II._____OTHER_INFORMATION">PART II.&nbsp;&nbsp;&nbsp;&nbsp; OTHER INFORMATION</a></font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.75in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.25in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 1. - None</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.75in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.25in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 2. - None</font></b></p>
	<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.25in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.25in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 3. - None</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.75in; margin-right:0in; margin-top:0in'><b>
<font size="2">&nbsp;</font></b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-indent:-.25in; margin-right:0in; margin-top:0in'><b>
<font size="2">Item 4. - None</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:.75in;text-align:justify;text-indent:
- -.75in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-align:justify;text-indent:
- -.25in; margin-right:0in; margin-top:0in'><b><font size="2">Item 5. Other
Information</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:.75in;text-align:justify;text-indent:
- -.75in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:1.0in;text-align:justify;text-indent:
- -.25in; margin-right:0in; margin-top:0in'><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp; Reports on Form 8-K</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:.75in;text-align:justify'>&nbsp;</p>

<p style='margin-right:0in;margin-left:0in;font-family:"Arial";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-align:justify'><font size="2">November 2, 2010 &#150; Announced Retirement of David H. Morris
from the Board</font></p>

<p style='margin-right:0in;margin-left:0in;font-family:"Arial";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-align:justify'><font size="2">November 5, 2010 &#150; Press Release announcing third quarter
fiscal 2010 earnings</font></p>

<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:1.0in;
margin-bottom:.0001pt;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:1.0in;text-align:justify;text-indent:
- -.25in; margin-right:0in; margin-top:0in'><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp; Other Information</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:.75in;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:1.0in;text-align:justify; margin-right:0in; margin-top:0in'>
<font size="2">None</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:.75in;text-align:justify;text-indent:
- -.75in'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-align:justify;text-indent:
- -.75in; margin-right:0in; margin-top:0in'><b><font size="2">
<a name="Item_6._Exhibits_and_Reports_on_Form_8-K">Item 6. Exhibits
and Reports on Form 8-K</a></font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:.75in;text-align:justify; margin-right:0in; margin-top:0in'>
<font size="2">(a)&nbsp;&nbsp; Exhibits</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:.75in;text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0 width=492
 style='width:75%;margin-left:63.0pt;border-collapse:collapse'>
 <tr style='height:14.0pt'>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.0pt'>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">31.1&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Certification
  by Ronald A. Robinson under Section 302 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Filed
  Herewith </font> </p>
  </td>
 </tr>
 <tr style='height:14.0pt'>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">31.2&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Certification
  by Dan E. Malone under Section 302 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Filed
  Herewith </font> </p>
  </td>
 </tr>
 <tr style='height:14.0pt'>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">31.3&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Certification
  by Richard J. Wehrle under Section 302 of the Sarbanes-Oxley Act of 2002</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Filed
  Herewith</font></p>
  </td>
 </tr>
 <tr style='height:14.0pt'>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">32.1&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#151;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Certification
  by Ronald A. Robinson under Section 906 of the&nbsp; Sarbanes-Oxley Act of 2002</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Filed
  Herewith</font></p>
  </td>
 </tr>
 <tr style='height:14.0pt'>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">32.2&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#151;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Certification
  by Dan E. Malone under Section 906 of the&nbsp; Sarbanes-Oxley Act of 2002</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Filed
  Herewith</font></p>
  </td>
 </tr>
 <tr style='height:14.0pt'>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"CG Times \(W1\)";text-align:right'>
	<font face="Arial">32.3&nbsp;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">&#151;</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Certification
  by Richard J. Wehrle under Section 906 of the&nbsp; Sarbanes-Oxley Act of 2002</font></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='padding:0in;
  ' nowrap>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Filed
  Herewith</font></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:74.25pt;text-align:justify;text-indent:
- -20.25pt; margin-right:0in; margin-top:0in'><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reports on Form 8-K</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	25</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<font face="Arial">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<h2 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Arial";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>Alamo Group Inc. and Subsidiaries</h2>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
<a name="SIGNATURES">SIGNATURES</a></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Arial";margin-bottom:0in;margin-bottom:.0001pt'>Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="90%">
 <tr>
  <td width=331 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;line-height:13.0pt; margin-top:0in'>
	<font size="2">Alamo
  Group Inc.</font></p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;line-height:13.0pt; margin-top:0in'>
	<font size="2">(Registrant)</font></p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='width:50%;border-bottom-style:none; border-bottom-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:50%;border-bottom:
  1.0pt solid windowtext;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;line-height:13.0pt; margin-top:0in'>
	<font size="2">/s/
  Ronald A. Robinson</font></p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='width:50%;border:medium none;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;line-height:13.0pt; margin-top:0in'>
	<font size="2">Ronald
  A. Robinson</font></p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt; margin-top:0in'>&nbsp;</p>
  </td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;line-height:13.0pt; margin-top:0in'>
	<font size="2">President
  &amp; Chief Executive Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-bottom:medium none #000000; width:50%;border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='border-bottom:1px solid #000000; width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <font face="Arial" size="2">/s/ Dan E. Malone</font></td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <font face="Arial" size="2">Dan E. Malone</font></td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <font face="Arial" size="2">Executive Vice President &amp; Chief Financial Officer</font></td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <font face="Arial" size="2">(Principal Financial Officer)</font></td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-bottom:medium none #000000; width:50%;border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium; border-top-style:none; border-top-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='border-bottom:1px solid #000000; width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <font face="Arial" size="2">/s/
  Richard J. Wehrle</font></td>
 </tr>
 <tr>
  <td width=331 valign=top style='border-style:none; border-width:medium; width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;border-left-style:none; border-left-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <font face="Arial" size="2">Richard
  J. Wehrle</font></td>
 </tr>
 <tr>
  <td width=331 valign=top style='width:50%;border-top-style:none; border-top-width:medium; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <font face="Arial" size="2">Vice
  President &amp; Corporate Controller</font></td>
 </tr>
 <tr>
  <td width=331 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  &nbsp;</td>
  <td width=332 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <font face="Arial" size="2">(Principal
  Accounting Officer)</font></td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' width="90%">
 <tr height=0>
  <td width=1 style='border:none'></td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	26</p>
  </td>
 </tr>
</table>

</div>

<font face="Arial">

<br clear=ALL>

</font>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>ex311.htm
<TEXT>
<html>

<head>
<title>Exhibit 31.1</title>
</head>

<body>
<p>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Arial";font-weight:bold;text-decoration:underline; margin-left:0in; margin-right:0in; margin-top:0in'>Exhibit
31.1</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<table border="0" style="border-collapse: collapse" width="100%" id="table1">
	<tr>
		<td colspan="3" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">I, Ronald
A. Robinson, certify that:</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">1.</font></td>
		<td colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">I have reviewed this quarterly
report on Form 10-Q of Alamo Group Inc;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">2.</font></td>
		<td colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Based
on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">3.</font></td>
		<td width="97%" colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Based
on my knowledge, the financial statements, and other financial information
included in this quarterly report, fairly present in all material respects the
financial condition, results of operations and cash flows of the registrant as
of, and for, the periods presented in this quarterly report;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">4.</font></td>
		<td width="97%" colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act
Rule 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and
have:</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(a)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Designed
such disclosure controls and procedures or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(b)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Designed
such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(c)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Evaluated
the effectiveness of the registrant's disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(d)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Disclosed
in this report any change in the registrant's internal control over financial
reporting that occurred during the registrant's most recent fiscal quarter (the
registrant's fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">5.</font></td>
		<td width="97%" valign="top" colspan="2">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">The
registrant's other certifying officer(s) and I have disclosed, based on our
most recent evaluation of internal control over financial reporting, to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(a)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process,
summarize and report financial information; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(b)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant's internal control over financial
reporting.</font></p>

		</td>
	</tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table border="0" style="border-collapse: collapse" width="100%" id="table2">
	<tr>
		<td width="50%"><font size="2" face="Arial">Date:&nbsp;&nbsp; November
		5, 2010</font></td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:0in; margin-top:0in'> <u>
<font size="2">/s/&nbsp; Ronald A. Robinson</font></u></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:0in; margin-top:0in'>
<font size="2">Ronald
A. Robinson</font></p>

		</td>
	</tr>
	<tr>
		<td width="50%">&nbsp;</td>
		<td width="50%">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-right:0in; margin-top:0in'>
<font size="2">President
&amp; Chief Executive Officer</font></p>

		</td>
	</tr>
</table>
<p style="font-family: Arial; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="font-family: Arial; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="font-family: Arial; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>ex312.htm
<TEXT>
<html>

<head>

<title>Exhibit 31.2</title>
</head>

<body>
<p>&nbsp;</p>
<p style='margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Arial";font-weight:bold;text-decoration:underline; margin-left:0in; margin-right:0in; margin-top:0in'>Exhibit
31.2</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<table border="0" style="border-collapse: collapse" width="100%" id="table2">
	<tr>
		<td colspan="3" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">I, Dan E.
Malone, certify that:</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">1.</font></td>
		<td colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">I have reviewed this quarterly
report on Form 10-Q of Alamo Group Inc;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">2.</font></td>
		<td colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Based
on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">3.</font></td>
		<td width="97%" colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Based
on my knowledge, the financial statements, and other financial information
included in this quarterly report, fairly present in all material respects the
financial condition, results of operations and cash flows of the registrant as
of, and for, the periods presented in this quarterly report;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">4.</font></td>
		<td width="97%" colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act
Rule 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and
have:</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(a)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Designed
such disclosure controls and procedures or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(b)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Designed
such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(c)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Evaluated
the effectiveness of the registrant's disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(d)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Disclosed
in this report any change in the registrant's internal control over financial
reporting that occurred during the registrant's most recent fiscal quarter (the
registrant's fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">5.</font></td>
		<td width="97%" valign="top" colspan="2">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">The
registrant's other certifying officer(s) and I have disclosed, based on our
most recent evaluation of internal control over financial reporting, to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(a)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process,
summarize and report financial information; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(b)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant's internal control over financial
reporting.</font></p>

		</td>
	</tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' id="table1" width="100%">
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">November 5,
  2010</font></p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/ Dan E. Malone</font></u></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Dan E.
  Malone</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Executive
  Vice President &amp; Chief Financial Officer </font> </p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(Principal
  Financial Officer)</font></p>
  </td>
 </tr>
</table>

<p style="font-family: Arial; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="font-family: Arial; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>
<p style="font-family: Arial; margin-left: 0in; margin-right: 0in; margin-top: 0in; margin-bottom: .0001pt">&nbsp;</p>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.3
<SEQUENCE>4
<FILENAME>ex313.htm
<TEXT>
<html>

<head>
<title>Exhibit 31.3</title>
</head>

<body>

<p style='margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Arial";font-weight:bold;text-decoration:underline; margin-left:0in; margin-right:0in; margin-top:0in'>Exhibit
31.3</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<table border="0" style="border-collapse: collapse" width="100%" id="table2">
	<tr>
		<td colspan="3" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">I, Richard
J. Wehrle, certify that:</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">1.</font></td>
		<td colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">I have reviewed this quarterly
report on Form 10-Q of Alamo Group Inc;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">2.</font></td>
		<td colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Based
on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">3.</font></td>
		<td width="97%" colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Based
on my knowledge, the financial statements, and other financial information
included in this quarterly report, fairly present in all material respects the
financial condition, results of operations and cash flows of the registrant as
of, and for, the periods presented in this quarterly report;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">4.</font></td>
		<td width="97%" colspan="2" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act
Rule 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and
have:</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(a)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Designed
such disclosure controls and procedures or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly
during the period in which this report is being prepared;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(b)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Designed
such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(c)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Evaluated
the effectiveness of the registrant's disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of the end of the period covered by this
report based on such evaluation; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(d)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Disclosed
in this report any change in the registrant's internal control over financial
reporting that occurred during the registrant's most recent fiscal quarter (the
registrant's fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" face="Arial">5.</font></td>
		<td width="97%" valign="top" colspan="2">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">The
registrant's other certifying officer(s) and I have disclosed, based on our
most recent evaluation of internal control over financial reporting, to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top">&nbsp;</td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman"; margin-top:0in'>&nbsp;</p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(a)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process,
summarize and report financial information; and</font></p>

		</td>
	</tr>
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td width="2%" valign="top"><font size="2" face="Arial">(b)</font></td>
		<td width="95%" valign="top">

<p style='margin-bottom:.0001pt;font-family:"Arial";margin-top:0in'>
<font size="2">Any
fraud, whether or not material, that involves management or other employees who
have a significant role in the registrant's internal control over financial
reporting.</font></p>

		</td>
	</tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' id="table1" width="100%">
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">November 5,
  2010</font></p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/ Richard J. Wehrle</font></u></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Vice
  President &amp; Controller </font> </p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:239.4pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(Principal
  Accounting Officer)</font></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>5
<FILENAME>ex321.htm
<TEXT>
<html>

<head>
<title>Exhibit 32.1</title>
</head>

<body>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'>
<b>Exhibit 32.1</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>CERTIFICATION PURSUANT TO</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>18 U.S.C. SECTION 1350,</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>AS ADOPTED PURSUANT TO</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">In connection with the Quarterly Report of Alamo Group Inc.
(the &#147;Company&#148;) on Form 10-Q for the period ended September 30, 2010 as filed
with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;),
I, Ronald A. Robinson, President and Chief Executive Officer of the Company,
certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the
Sarbanes-Oxley Act of 2002, that:</font></p>

<ol style="font-size: 10pt">
	<li>
	<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;margin-right:0in; margin-top:0in'>
	<font size="2">The Form 10-Q fully complies with
the requirements of section 13 (a) or 15 (d) of the Securities Exchange Act of
1934 (15 U.S.C. 78m or 78o(d)); and</font></p></li>
	<li>
	<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;margin-right:0in; margin-top:0in'>
	<font size="2">The information contained in the Form
10-Q fairly presents, in all material respects, the financial condition and
results of operations of the Company.</font></p></li>
</ol>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' id="table1" width="100%">
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Date November 5, 2010</font></p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/&nbsp; Ronald A. Robinson</font></u></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Ronald A. Robinson</font></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">President
  &amp; Chief Executive Officer</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
 </tr>
</table>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>6
<FILENAME>ex322.htm
<TEXT>
<html>

<head>
<title>Exhibit 32.2</title>
</head>

<body>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>Exhibit 32.2</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>CERTIFICATION PURSUANT TO</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>18 U.S.C. SECTION 1350,</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>AS ADOPTED PURSUANT TO</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">In connection with the Quarterly Report of Alamo Group Inc.
(the &#147;Company&#148;) on Form 10-Q for the period ended September 30, 2010 as filed
with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;),
I, Dan E. Malone, Executive Vice President and Chief Financial Officer of the
Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss.
906 of the Sarbanes-Oxley Act of 2002, that:</font></p>

<ol style="font-size: 10pt">
	<li>
	<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;margin-right:0in; margin-top:0in'>
	<font size="2">The Form 10-Q fully complies with
the requirements of section 13 (a) or 15 (d) of the Securities Exchange Act of
1934 (15 U.S.C. 78m or 78o(d)); and</font></p></li>
	<li>
	<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;margin-right:0in; margin-top:0in'>
	<font size="2">The information contained in the Form
10-Q fairly presents, in all material respects, the financial condition and results
of operations of the Company.</font></p></li>
</ol>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellpadding=0 width=638
 style='width:100%;border-collapse:collapse' id="table1">
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Date:&nbsp;&nbsp; November 5, 2010</font></p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/
  Dan E. Malone</font></u></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Dan E.
  Malone</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Executive
  Vice President &amp; Chief Financial Officer </font> </p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(Principal
  Financial Officer)</font></p>
  </td>
 </tr>
</table>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.3
<SEQUENCE>7
<FILENAME>ex-323.htm
<TEXT>
<html>

<head>
<title>Exhibit 32.3</title>
</head>

<body>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>Exhibit 32.3</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<h1 style='margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-family:"CG Times";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
<font face="Arial" size="3">CERTIFICATION PURSUANT TO</font></h1>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>18 U.S.C. SECTION 1350,</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>AS ADOPTED PURSUANT TO</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:"Arial";text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="2">In connection with the Quarterly Report of Alamo Group Inc.
(the &#147;Company&#148;) on Form 10-Q for the period ended September 30, 2010 as filed
with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;),
I, Richard J. Wehrle, Vice President, Corporate Controller and Principal
Accounting Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as
adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that:</font></p>

<ol style="font-size: 10pt">
	<li>
	<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;margin-right:0in; margin-top:0in'>
	<font size="2">The Form 10-Q fully complies with
the requirements of section 13 (a) or 15 (d) of the Securities Exchange Act of
1934 (15 U.S.C. 78m or 78o(d)); and</font></p></li>
	<li>
	<p style='margin-bottom:.0001pt;font-family:"Arial";text-align:justify;margin-right:0in; margin-top:0in'>
	<font size="2">The information contained in the Form
10-Q fairly presents, in all material respects, the financial condition and
results of operations of the Company.</font></p></li>
</ol>

<table class=MsoNormalTable border=0 cellpadding=0
 style='border-collapse:collapse' id="table1" width="100%">
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">November 5,
  2010</font></p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'><u>
	<font size="2">/s/
  Richard J. Wehrle</font></u></p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Richard
  J. Wehrle</font></p>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">Vice President
  &amp; Controller </font> </p>
  </td>
 </tr>
 <tr>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
  </td>
  <td width=319 valign=top style='width:50%;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-family:"Arial";margin-left:0in; margin-right:0in; margin-top:0in'>
	<font size="2">(Principal
  Accounting Officer)</font></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;text-align:justify;font-size:10.0pt;font-family:"Times New Roman";'>&nbsp;</p>

</body>

</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
