<SEC-DOCUMENT>0001144204-18-063242.txt : 20181206
<SEC-HEADER>0001144204-18-063242.hdr.sgml : 20181206
<ACCEPTANCE-DATETIME>20181206070022
ACCESSION NUMBER:		0001144204-18-063242
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181205
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181206
DATE AS OF CHANGE:		20181206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HUDSON TECHNOLOGIES INC /NY
		CENTRAL INDEX KEY:			0000925528
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080]
		IRS NUMBER:				133641539
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13412
		FILM NUMBER:		181218839

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 1541
		STREET 2:		ONE BLUE HILL PLAZA, 14TH FLOOR
		CITY:			PEARL RIVER
		STATE:			NY
		ZIP:			10965
		BUSINESS PHONE:		8457356000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 1541
		STREET 2:		ONE BLUE HILL PLAZA, 14TH FLOOR
		CITY:			PEARL RIVER
		STATE:			NY
		ZIP:			10965

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REFRIGERANT RECLAMATION INDUSTRIES INC
		DATE OF NAME CHANGE:	19940617
</SEC-HEADER>
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<TYPE>8-K
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<FILENAME>tv508491_8k.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Washington,
DC 20549</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>CURRENT
REPORT Pursuant</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>to
Section 13 or 15(</B></FONT><B>d<FONT STYLE="text-transform: uppercase">) of the</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Securities
Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; font-size: 10pt; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Date of report (Date of earliest event reported)&nbsp;&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; font-size: 10pt; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>December 5, 2018</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid"><FONT STYLE="font-size: 14pt">Hudson
        Technologies, Inc.</FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Exact Name of Registrant as Specified in Charter)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">New York</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(State or Other Jurisdiction of Incorporation)</FONT></TD></TR>
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    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">1-13412</P></TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">13-3641539</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Commission File Number)</FONT></TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(IRS Employer Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#9;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">PO Box
        1541, 1 Blue Hill Plaza, Pearl River, New York</P></TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">10965</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Zip Code)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
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    <TD COLSPAN="3" STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">(845)
        735-6000</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Registrant's Telephone Number, Including Area Code)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.75pt solid">Not Applicable</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0; font-size: 10pt; text-align: center; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Former Name or Former Address, if Changed Since Last Report)</FONT></TD></TR>
<TR>
    <TD STYLE="width: 49%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 50%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (<I>see </I>General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Indicate by check
mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Emerging
growth company&#9;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9;</FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 7.01</B></TD><TD STYLE="text-align: justify"><B>Regulation FD Disclosure</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 5, 2018 Hudson Technologies,
Inc. (the &ldquo;Company&rdquo;) issued a press release with respect to its financial results for the third quarter ended September
30, 2018. A copy of the press release is furnished herewith as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01</B></TD><TD><B>Financial Statements and Exhibits</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify"><U>Exhibits</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left"><A HREF="tv508491_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD><TD STYLE="text-align: justify"><A HREF="tv508491_ex99-1.htm" STYLE="-sec-extract: exhibit">Press Release dated December 5, 2018</A></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date: December 6, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">HUDSON TECHNOLOGIES, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 3%">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0; width: 47%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt"><U>/s/ Stephen P. Mandracchia</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Stephen P. Mandracchia</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;Vice President Legal &amp; Regulatory</FONT></TD></TR>
</TABLE>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tv508491_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>HUDSON
TECHNOLOGIES REPORTS Third quarter 2018 RESULTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>pearl
river, ny &ndash; DECEmber 5, 2018 &ndash; </B></FONT>Hudson Technologies, Inc. (NASDAQ: HDSN) announced results for the third
quarter and nine months ended September 30, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the quarter ended September 30, 2018
Hudson reported revenues of $40.5 million, an increase of 64% compared to $24.7 million in the comparable 2017 period. Revenues
for the 2018 period included revenues from Aspen Refrigerants, Inc. (&ldquo;ARI&rdquo;) which was acquired in October 2017. Excluding
the impact of ARI, revenues for the quarter ended September 30, 2018 decreased by $5.8 million from the comparable quarter in 2017.
This decline was attributable to a decrease in the selling price per pound of certain refrigerants sold, which accounted for a
decrease in revenues of $2.3 million and a decrease in the number of pounds of certain refrigerants sold, which accounted for a
decrease in revenues of $3.5 million. The Company recorded a net loss of $13.9 million or ($0.33) per basic and diluted share in
the third quarter of 2018, as compared to net income of $2.1 million or $0.05 per basic and diluted share in the same period of
2017. Included in the $13.9 million third quarter 2018 loss are approximately $9 million in non-cash charges related to a deferred
tax reserve and approximately $2.2 million in non-recurring charges related to the acquisition and integration of ARI. Non-GAAP
adjusted net loss for the quarter ended September 30, 2018 was ($0.5) million, or ($0.01) per diluted share, compared to non-GAAP
adjusted net income of $3.8 million, or $0.09 per diluted share during the third quarter of 2017. Adjusted EBITDA was $5.0 million
for the third quarter of 2018, as compared to adjusted EBITDA of $3.0 million for the third quarter of 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the nine months ended September 30,
2018, Hudson reported revenues of $140.8 million, an increase of 22% compared to $115.8 million in the comparable 2017 period.
Revenues for the 2018 period included revenues from ARI. Excluding the impact of ARI, revenues for the first nine months of 2018
decreased by $44 million from the comparable 2017 period. The decline was attributable to a decrease in the selling price per pound
of certain refrigerants sold, which accounted for a decrease in revenues of $29 million and a decrease in the number of pounds
of certain refrigerants sold, which accounted for a decrease in revenues of $15 million. The Company experienced negative gross
margins for the first nine months of 2018 compared to gross margin of 30% in the first nine months of 2017. The Company&rsquo;s
net loss for the first nine months of 2018 was $47.6 million, or ($1.12) per basic and diluted share, which included a non-cash
inventory write down of approximately $35 million, an approximately $9 million non-cash tax effect for reserve allowance, and approximately
$6 million in non-recurring charges related to the acquisition and integration of ARI, as compared to net income of $16.4 million
or $0.39 per basic and $0.38 per diluted share in the first nine months of 2017. Non-GAAP adjusted net loss for the nine months
ended September 30, 2018, which excludes any inventory write downs, was ($1.1) million, or ($0.03) per diluted share, compared
to non-GAAP adjusted net income of $18.2 million, or $0.42 per diluted share during the first nine months of 2017. Adjusted EBITDA
was $12.6 million for the first nine months of 2018, as compared to adjusted EBITDA of $28.9 million for the first nine months
of 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Reconciliations of net income (loss)
to non-GAAP adjusted net income (loss), diluted net income (loss) per share to non-GAAP adjusted diluted net income (loss) per
share, and net income (loss) to non-GAAP adjusted EBITDA, respectively, are provided in the tables immediately following the consolidated
statement of operations. Additional information about the Company&rsquo;s non-GAAP financial measures can be found under the caption
&ldquo;Use of Non-GAAP Measures&rdquo; below. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Following the close of the quarter, Hudson
announced that it has entered into definitive amendments to its term loan and revolving loan credit facilities. These amendments
have been implemented pursuant to a Waiver and Third Amendment to its Term Loan Credit and Security Agreement (the &ldquo;Third
Amendment&rdquo;), as well as a Second Amendment to its Amended and Restated Revolving Credit and Security Agreement (the &ldquo;Second
Revolver Amendment&rdquo;). Additionally, on November 30, 2018 the Company filed its Form 10-Q for the period ended June 30, 2018,
together with its Form 10-Q for the period ended September 30, 2018. With those filings, the Company has regained compliance with
the periodic filing requirement of the Nasdaq Stock Market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Kevin J. Zugibe, Chairman and Chief Executive
Officer of Hudson Technologies commented, &ldquo;We were pleased to announce definitive amendments to our credit facilities, which
we believe provide us with the financial flexibility and liquidity to drive improved operating performance moving forward. Despite
a selling season characterized by just-in-time buying patterns, diminished pricing of most refrigerants and seasonably cooler temperatures,
we achieved $35 million in cash flow from operations during the first nine months of 2018, compared to $12.1 million for the comparable
period in 2017. Additionally, we&rsquo;ve reduced our debt by $37 million year-to-date and had approximately $45 million of availability
as of September 30, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;The 2018 selling season was one
of the most challenging for the industry and our company. The severe price corrections across nearly all refrigerants were unprecedented.
That said, with our visibility today, we believe that pricing has stabilized and our margins should improve as we replace the higher
priced inventory with lower priced product. Likewise, operationally we are better prepared to more effectively address just-in-time
buying patterns, should that pattern continue in 2019.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Zugibe concluded, &ldquo;Our acquisition
of ARI has enhanced our customer base and product offerings, giving us added flexibility to navigate the current refrigerant market.
With our solid, longstanding customer base, more diverse product portfolio and expanded distribution network, we remain optimistic
about the market opportunity ahead. As we move forward, we remain focused on strengthening our leadership position in the refrigerant
and reclamation industry.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Conference Call Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company will host a conference call
and webcast to discuss the third quarter results today, December 5, 2018 at 5:00 P.M. Eastern Time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To access the live webcast, log onto the
Hudson Technologies website at www.hudsontech.com, and click on &ldquo;Investor Relations&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To participate in the call by phone, dial
(877) 407-9205 approximately five minutes prior to the scheduled start time. International callers please dial (201) 689-8054.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A repla<FONT STYLE="color: black">y of
the teleconference will be available until January 5, 2019 and may be accessed by dialing (877) 481-4010. International callers
may dial (919) 882-2331. Callers should use conference ID: 41503. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Hudson Technologies</B> &#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Hudson Technologies, Inc. is a leading
provider of innovative and sustainable solutions for optimizing performance and enhancing reliability of commercial and industrial
chiller plants and refrigeration systems. Hudson's proprietary RefrigerantSide<SUP>&reg;</SUP> Services increase operating efficiency,
provide energy and cost savings, reduce greenhouse gas emissions and the plant&rsquo;s carbon footprint while enhancing system
life and reliability of operations at the same time. RefrigerantSide<SUP>&reg;</SUP> Services can be performed at a customer's
site as an integral part of an effective scheduled maintenance program or in response to emergencies. Hudson also offers SMARTenergy
OPS<SUP>&reg;</SUP>, which is a cloud-based Managed Software as a Service for continuous monitoring, Fault Detection and Diagnostics
and real-time optimization of chilled water plants. In addition, the Company sells refrigerants and provides traditional reclamation
services for commercial and industrial air conditioning and refrigeration uses. For further information on Hudson, please visit
the Company's web site at www.hudsontech.com.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Statements contained herein which are not
historical facts constitute forward-looking statements. These include statements regarding management&rsquo;s intentions, plans,
beliefs, expectations or forecasts for the future including, without limitation, Hudson&rsquo;s expectations with respect to the
benefits, costs and other anticipated financial impacts of the ARI transaction; future financial and operating results of the Company;
the Company&rsquo;s ability to secure an amendment to the Term Loan and to remain in compliance with the Term Loan&rsquo;s financial
covenants; and the Company&rsquo;s plans, objectives, expectations and intentions with respect to future operations and services.
Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.&nbsp; Such factors include, but are not limited to, changes in the laws
and regulations affecting the industry, changes in the demand and price for refrigerants (including unfavorable market conditions
adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and
economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements that become available to
the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible
reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability,
customer concentration, the ability to obtain financing, any delays or interruptions in bringing products and services to market,
the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors
relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial
and economic conditions, including inflation, interest and currency exchange rates, of countries in which the Company may seek
to conduct business, the Company&rsquo;s ability to successfully integrate ARI&rsquo;s operations and any assets it acquires from
other third parties into its operations, and other risks detailed in the Company's 10-K for the year ended December 31, 2017 and
other subsequent filings with the Securities and Exchange Commission. Examples of such risks and uncertainties specific to the
ARI transaction include, but are not limited to, the possibility that the expected benefits will not be realized, or will not be
realized within the expected time period. The words &quot;believe&quot;, &quot;expect&quot;, &quot;anticipate&quot;, &quot;may&quot;,
&quot;plan&quot;, &quot;should&quot; and similar expressions identify forward-looking statements.&nbsp; Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Use of Non-GAAP Measures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has presented the following
non-GAAP financial measures in this press release: EBITDA, Adjusted EBITDA, Adjusted Net Income (Loss) and Adjusted Net Income
(Loss) Per Share (Adjusted EPS). The Company defines EBITDA as the net income (loss) as reported under GAAP, plus income tax expense
(benefit), interest expense and depreciation and amortization expense. The Company defines Adjusted EBITDA as EBITDA plus the amortization
of the inventory step-up in basis arising from inventory purchased in the ARI acquisition, lower of cost or net realizable value
adjustment, non-cash stock compensation expense, and non-recurring transaction fees and integration costs related to the ARI acquisition.
The Company defines Adjusted Net Income (Loss) as the net income (loss) as reported under GAAP plus income tax expense (benefit),
the amortization of the inventory step-up in basis arising from inventory purchased in the ARI acquisition, lower of cost or net
realizable value adjustment, amortization expense, non-cash stock compensation expense, and non-recurring transaction fees and
integration costs related to the ARI acquisition and adjusted for effective tax rates. The Company defines Adjusted EPS as Adjusted
Net Income (Loss) per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We present these non-GAAP measures because
we believe these measures are useful indicators of our operating performance, particularly in light of the impact of the recent
ARI acquisition. Our management believes that detail as to the impact of the specified acquisition-related matters and other matters
is useful in understanding the overall change in the consolidated results of operations for Hudson Technologies from one reporting
period to another. Our management uses these non-GAAP measures principally as a measure of our operating performance and believes
that these measures are useful to investors because they are frequently used by analysts, investors and other interested parties
to evaluate the operating performance of companies in our industry. We also believe that these measures will be useful to our management
and investors during 2018 as the impact of the ARI acquisition continues to be reflected in the Company&rsquo;s financial results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; padding: 4pt 4pt 4pt 22pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>Investor Relations Contact:</B><BR>
        John Nesbett/Jennifer Belodeau</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">IMS Investor Relations<BR>
        (203) 972-9200</P>
        <P STYLE="color: blue; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><U>jnesbett@institutionalms.com</U></P></TD>
    <TD STYLE="width: 49%; padding: 4pt 4pt 4pt 0.5in; font-size: 10pt; text-underline-color: black"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Company Contact:</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Brian F. Coleman, President &amp; COO</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hudson Technologies, Inc.</FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(845) 735-6000</FONT><BR>
<FONT STYLE="color: blue"><U>bcoleman@hudsontech.com</U></FONT></TD></TR>
</TABLE>
<P STYLE="color: blue; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: blue; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="color: blue; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Hudson Technologies, Inc. and Subsidiaries</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Consolidated Balance Sheets</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Amounts in thousands, except for share
and par value amounts)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>September 30,</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>December 31,</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>2017</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>(unaudited)</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B><U>Assets</U></B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Current assets:</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 74%; padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Cash and cash equivalents</FONT></TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 10%; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">1,378</FONT></TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 10%; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">5,002</FONT></TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Trade accounts receivable &ndash; net</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">23,166</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">14,831</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Inventories</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">106,508</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">172,485</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Income tax receivable</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">9,664</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Prepaid expenses and other current assets</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">3,560</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">6,934</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Total current assets</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">134,612</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">208,916</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Property, plant and equipment, less accumulated depreciation</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">28,330</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">30,461</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Deferred tax asset</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Goodwill</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">47,803</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">49,464</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Intangible assets, less accumulated amortization</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">30,194</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">32,419</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Other assets</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">72</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">184</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Total Assets</B></FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">241,011</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">321,444</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B><U>Liabilities and Stockholders' Equity</U></B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Current liabilities:</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Trade accounts payable</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">10,836</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">10,885</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Accrued expenses and other current liabilities</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">21,545</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">15,221</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Accrued payroll</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">1,916</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">3,052</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Current maturities of long-term debt</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">1,050</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">1,050</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Short-term debt</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">29,065</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">65,152</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Total current liabilities</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">64,412</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">95,360</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Deferred tax liability</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">372</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">1,473</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Long-term debt, less current maturities</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">99,675</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">101,158</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Total Liabilities</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">164,459</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">197,991</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Commitments and contingencies</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Stockholders' equity:</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Preferred stock, shares authorized 5,000,000: Series A Convertible preferred stock, $0.01 par value ($100 liquidation preference value); shares authorized 150,000; none issued or outstanding</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Common stock, $0.01 par value; shares authorized 100,000,000; issued and outstanding 42,599,431 and 42,398,140</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">426</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">424</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Additional paid-in capital</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">114,951</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">114,302</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 0.25in; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt">Retained earnings (accumulated deficit)</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(38,825</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">8,727</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Total Stockholders' Equity</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">76,552</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">123,453</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 9pt; text-underline-color: #000000; text-indent: -9pt"><FONT STYLE="font-size: 10pt"><B>Total Liabilities and Stockholders' Equity</B></FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">241,011</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">321,444</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Hudson Technologies, Inc. and Subsidiaries</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Consolidated Statements of Operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(unaudited)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Amounts in thousands, except for share
and per share amounts)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>Three&nbsp;months </B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>ended&nbsp;September&nbsp;30,</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>Nine&nbsp;months</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>ended&nbsp;September&nbsp;30,</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-underline-color: #000000; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>2017</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>2018</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-bottom: black 1pt solid; text-underline-color: #000000; text-align: center"><FONT STYLE="font-size: 10pt"><B>2017</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 48%; text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Revenues</B></FONT></TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 10%; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">40,545</FONT></TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 10%; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">24,706</FONT></TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 10%; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">140,804</FONT></TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="width: 1%; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="width: 10%; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">115,766</FONT></TD>
    <TD STYLE="width: 1%; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Cost of sales</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">32,816</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">19,636</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">151,252</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">80,811</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Gross profit</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">7,729</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">5,070</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(10,448</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">34,955</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Operating expenses:</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 9pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">Selling, general and administrative</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">7,356</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">3,473</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">26,038</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">9,823</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 1pt; padding-left: 9pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">Amortization</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">742</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">121</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">2,225</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">364</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; padding-left: 9pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Total operating expenses</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">8,098</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">3,594</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">28,263</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">10,187</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Operating income (loss)</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(369</FONT></TD>
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">1,476</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(38,711</FONT></TD>
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">24,768</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Interest expense</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">4,064</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">24</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">10,616</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">170</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>(Loss) income before income taxes</B></FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(4,433</FONT></TD>
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">1,452</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(49,327</FONT></TD>
    <TD STYLE="text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">24,598</FONT></TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Income tax expense (benefit)</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">9,447</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(652</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(1,775</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">8,236</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt"><B>Net (loss) income</B></FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(13,880</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">2,104</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(47,552</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">16,362</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000; text-align: right">&nbsp;</TD>
    <TD STYLE="text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 9pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">Net (loss) income per common share &ndash; Basic</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(0.33</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">0.05</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(1.12</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">0.39</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 9pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">Net (loss) income per common share &ndash; Diluted</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(0.33</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">0.05</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">(1.12</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">)</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">0.38</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 9pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">Weighted average number of shares outstanding &ndash; Basic</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">42,530,476</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">41,869,528</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">42,445,926</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">41,648,439</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 9pt; text-underline-color: #000000"><FONT STYLE="font-size: 10pt">Weighted average number of shares outstanding &ndash; Diluted</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">42,530,476</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">43,463,982</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">42,445,926</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; text-underline-color: #000000; text-align: right"><FONT STYLE="font-size: 10pt">43,173,427</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; text-underline-color: #000000">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Appendix &ndash; Non GAAP Reconciliations (unaudited)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">Adjusted EBITDA</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Three&nbsp;Months Ended</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>September 30,</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Nine Months Ended</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>September 30,</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 44%; font-size: 10pt; font-weight: bold; text-align: left">Net (loss) income</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">(13,880</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">2,104</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">(47,552</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">16,362</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Income tax (benefit) expense</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">9,447</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(652</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,775</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">8,236</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Interest expense</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">4,064</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">24</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">10,616</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">170</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Depreciation expense</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,043</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">358</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3,123</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,324</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Amortization expense</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">742</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">121</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,225</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">364</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; padding-left: 9.9pt">EBITDA</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,416</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,955</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(33,363</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">26,456</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Inventory step-up in basis</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3,654</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Lower of cost or net realizable value adjustment</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,192</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">35,905</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Stock compensation expense</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">119</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">28</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">332</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">28</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Nonrecurring expenses</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,227</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,041</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">6,094</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,398</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-bottom: 2.5pt">&nbsp;&nbsp;&nbsp;&nbsp;Adjusted EBITDA</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">4,954</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">3,024</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">12,622</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">28,882</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">&nbsp;<B>Adjusted Net Income (Loss) and Net Income (Loss) Per Share</B></FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Three&nbsp;Months Ended</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>September 30,</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Nine Months Ended</B></P> <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>September 30,</B></P></TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2018</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2017</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 44%; font-size: 10pt; font-weight: bold; text-align: left">Net (loss) income</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">(13,880</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">2,104</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">(47,552</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 2%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">16,362</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Income tax (benefit) expense</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">9,447</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(652</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(1,775</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">8,236</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Pretax income (loss)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(4,433</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,452</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(49,327</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">24,598</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Inventory step-up in basis</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">3,654</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Lower of cost or net realizable value adjustment</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,192</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">35,905</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">--</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Amortization expense</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">742</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">121</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,225</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">364</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Stock compensation expense</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">119</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">28</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">332</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">28</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Nonrecurring expenses</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,227</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1,041</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">6,094</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">2,398</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding-left: 9.9pt">Adjusted pretax income (loss)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(153</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">2,642</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(1,117</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">27,388</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">Income tax expense (benefit)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">326</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(1,186</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(40</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">9,170</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;<B>Adjusted net income (loss)</B></FONT></TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">(479</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">3,828</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">(1,077</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">18,218</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; font-weight: bold">Net income (loss) per share</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;Diluted net income (loss) per common share</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">(0.33</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.05</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">(1.12</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">0.38</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt; padding-left: 8.75pt">Adjustment to diluted net income (loss) per common share</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0.32</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0.04</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">1.09</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">0.04</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt; text-indent: -8.75pt; padding-left: 8.75pt">&nbsp;&nbsp;&nbsp;&nbsp;Adjusted diluted net income (loss) per common share</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">(0.01</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0.09</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">(0.03</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">0.42</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
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