<SEC-DOCUMENT>0001144204-15-063077.txt : 20151109
<SEC-HEADER>0001144204-15-063077.hdr.sgml : 20151109
<ACCEPTANCE-DATETIME>20151105161028
ACCESSION NUMBER:		0001144204-15-063077
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20151105
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151105
DATE AS OF CHANGE:		20151105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEDIFAST INC
		CENTRAL INDEX KEY:			0000910329
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS [2090]
		IRS NUMBER:				133714405
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31573
		FILM NUMBER:		151200722

	BUSINESS ADDRESS:	
		STREET 1:		11445 CRONHILL DRIVE
		CITY:			OWINGS MILLS
		STATE:			MD
		ZIP:			21117
		BUSINESS PHONE:		7327640619

	MAIL ADDRESS:	
		STREET 1:		11445 CRONHILL DRIVE
		CITY:			OWINGS MILLS
		STATE:			MD
		ZIP:			21117

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEALTHRITE INC
		DATE OF NAME CHANGE:	19951120

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	XX
		DATE OF NAME CHANGE:	19950619

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	00
		DATE OF NAME CHANGE:	19950619
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v423776_8k.htm
<DESCRIPTION>8-K
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

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

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;8-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B><BR>
<B>Pursuant to Section 13 or 15(d)</B><BR>
<B>of the Securities Exchange Act of 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):<B>
November 5, 2015</B></P>

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MEDIFAST, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its Charter)</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 32%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Delaware</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 34%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>001-31573</U></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>13-3714405</U></B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(Commission file number)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">of incorporation)</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>3600 Crondall Lane, Owings Mills,
Maryland 21117</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive Offices)
(Zip Code)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B><U>(410)-581-8042</U></B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">(Former Name or Former
Address, if Changed Since Last Report)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

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

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


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

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<TR>
    <TD STYLE="vertical-align: top; width: 9%"><FONT STYLE="font-size: 10pt"><B>Item 2.02.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 87%"><FONT STYLE="font-size: 10pt"><B>Results of Operations and Financial Condition.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 5, 2015 Medifast, Inc. issued
a Press Release announcing its earnings for the third quarter of 2015.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A copy of the Press Release is being furnished
as Exhibit 99.1 attached hereto and is incorporated by reference herein. This information is being furnished in this report and
shall not be deemed to be &ldquo;filed&rdquo; for any purpose, including for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), or otherwise subject to the liabilities of that section, nor shall it
be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as
shall be expressly set forth by specific reference in such filing.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 9%"><FONT STYLE="font-size: 10pt"><B>Item 9.01.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 4%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 87%"><FONT STYLE="font-size: 10pt"><B>Financial Statements and Exhibits.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exhibits.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&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: 14%; padding-left: 0.5in"><FONT STYLE="font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="width: 86%"><FONT STYLE="font-size: 10pt">Press release dated November 5, 2015</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<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: 0pt 0; text-align: center">Signature</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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-indent: 0.5in">&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>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">MEDIFAST,&nbsp;INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 47%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Timothy G. Robinson</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Timothy G. Robinson</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chief Financial Officer</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Dated: November 5, 2015</FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

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

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

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


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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; border-bottom: Black 1pt solid; text-align: left">Exhibit No.</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; border-bottom: Black 1pt solid">Description</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 8%; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="padding: 0; width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: left; padding: 0; width: 90%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">99.1</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">Press Release dated November 5, 2015</TD></TR>
</TABLE>


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



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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v423776_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>


<P STYLE="margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><IMG SRC="logo1.jpg" ALT=""></P>

<P STYLE="margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Medifast, Inc. Announces Third Quarter
2015 Financial Results </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Third Quarter Earnings per Diluted Share
from Continuing Operations of $0.45 Exceeds Company Guidance</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">OWINGS MILLS, Md., November 5, 2015 &ndash;
Medifast, Inc. (NYSE: MED), leading United States manufacturer and provider of clinically proven weight-loss and healthy living
products and programs, today reported financial results for the third quarter ended September 30, 2015.</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;Our top line results, solid gross
margin expansion and expense leverage enabled us to generate earnings above our guidance for the third quarter,&rdquo; said Michael
C. MacDonald, Medifast Chairman and Chief Executive Officer. &ldquo;We are pleased with the sequential improvement in our business
and our meaningful progress to advance the growth and simplification of Take Shape For Life. Moving forward, our team remains focused
on executing our strategic initiatives as we improve the efficiency across our differentiated sales channels to help drive higher
revenues and profitability long-term.&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>Third Quarter 2015 Results</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"><B><I>Results from Continuing Operations</I></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">Income from continuing operations was $5.4
million, or $0.45 per diluted share, compared to $5.3 million, or $0.42 per diluted share, for the third quarter of 2014.</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 third quarter, Medifast net revenue
from continuing operations decreased 4% to $65.9 million from net revenue of $69.0 million in the third quarter of 2014.</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">Revenue in the direct sales channel, Take
Shape for Life, was $49.9 million in the third quarter of 2015, and this was consistent with the prior year third quarter. This
is the third straight quarterly improvement in the quarterly year over year revenue trend and, in fact, the first quarter with
flat to positive sales since Q4 2013 for Take Shape For Life.</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 total number of active earning Health
Coaches in the third quarter was 12,000 as compared to 12,400 in the third quarter of 2014. On a sequential basis, the number of
active earning Health Coaches in the third quarter of 2015 increased by approximately 200 Health Coaches when compared to the second
quarter of 2015. The average revenue per active earning Health Coach for the quarter was $4,145 as compared to $4,025 in third
quarter of 2014.</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's Medifast Direct channel revenue
decreased 16% to $11.2 million, compared to $13.4 million in the third quarter of 2014.&nbsp; Revenue decreased year-over-year
as new customer acquisition continues to be challenging. Advertising expense in the quarter was down 30% in part to align spending
with the early October launch of the Medifast Achieve Plan.</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">Revenue in the Franchise Medifast Weight
Control Centers channel decreased 5% to $4.0 million from $4.2 million in the third quarter of last year. The decrease in revenue
was primarily driven by fewer franchise centers in operation during the period and a slight decrease in sales per center. There
were 62 franchise centers in operation at the end of third quarter 2015 compared to 69 centers at the end of the same period last
year.</P>

<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"></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">In the third quarter, the Wholesale channel
revenue decreased to $0.8 million, compared to $1.5 million in the same period last year. This decrease was due to the loss of
certain accounts resulting from Medifast enforcement of business partner compliance requirements.</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">Gross profit for the third quarter of 2015
was $49.2 million, compared to $50.7 million in the third quarter of 2014. The Company's gross profit as a percentage of net revenue
increased 110 basis points to 74.6% from 73.5% in the third quarter of 2014. The increase from the prior year was primarily the
result of price increases taken earlier this year and improved manufacturing and shipping efficiencies recognized during the quarter.</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">Selling, general and administrative expenses
(&ldquo;SG&amp;A&rdquo;) decreased $2.9 million to $41.2 million compared to $44.1 million in the third quarter of 2014. As a percentage
of net revenue, SG&amp;A expense decreased 150 basis points to 62.5% versus 64.0% in the third quarter of 2014.</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">Sales and marketing expense decreased $1.4
million in the third quarter of 2015 compared to the third quarter of 2014, primarily driven by a reduced advertising spend and
a decrease in expenses associated with the Take Shape For Life&reg; annual convention.</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">The third quarter 2015 effective tax rate was 33.4% compared
to 29.7% in the third quarter of 2014. This increase was due to the decrease in permanent differences primarily driven by lowering
the benefits of the domestic manufacturing deduction and research and development credits taken in the prior year.</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"><B><I>Discontinued Operations</I></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">As previously disclosed, the Company exited
the Medifast Weight Control Center corporate model with the sale of 41 centers to existing franchise partners (24 centers were
sold in June 2014 and the remaining 17 centers were sold in December 2014) and the closure of the remaining 34 corporate centers.
For the third quarter of 2015, corporate-owned Medifast Weight Control Centers had income from discontinued operations, net of
tax, of $0.1 million.</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>Balance Sheet&nbsp;</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's balance sheet remains strong
with stockholders' equity of $86.8 million and working capital of approximately $63.3 million as of September 30, 2015.&nbsp; Cash,
cash equivalents, and investment securities increased $13.9 million to $66.5 million compared to $52.6 million at December 31,
2014.</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 repurchased 261,211 shares
of common stock for $7.2 million during the third quarter as part of its current share repurchase authorization. The Company has
authorization to repurchase a total of approximately 850,000 shares. The Company remains free of interest bearing debt.</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>Outlook</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 expects fourth quarter 2015
net revenue from continuing operations to be in the range of approximately $60.5 to $63.5 million and earnings per diluted share
from continuing operations in the range of $0.31 to $0.35 per diluted 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">For fiscal year 2015, the Company now expects
revenue from continuing operations to be in the range of $272.0 to $275.0 million and earnings per diluted share from continuing
operations in the range of $1.72 to $1.76 per diluted share. The fiscal year 2015 guidance assumes a 34% to 35% effective tax rate.</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">Fiscal year guidance excludes expenses
resulting from 13D filings.</P>

<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"></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 conference call is scheduled to begin
at 4:30 p.m. ET on November 5, 2015. The call will be broadcast live over the Internet hosted at the Investor Relations section
of Medifast's website at www.MedifastNow.com, and will be archived online through November 19, 2015. In addition, listeners may
dial (855) 560-2579.</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 telephonic playback will be available
from 7:30 p.m. ET, November 5, 2015, through November 19, 2015. Participants can dial (877) 344-7529 to hear the playback and enter
passcode 10074748.</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>About Medifast</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">Medifast, Inc. (NYSE: MED) is a leading
United States manufacturer and provider of clinically proven and easy-to-use weight-loss and weight-maintenance products and programs.
The company sells its products and programs via four unique distribution channels: 1) the web and national call centers, 2) the
Take Shape For Life personal coaching division, 3) Medifast Weight Control Centers, and 4) a national network of physicians. Medifast
was founded in 1980 and is located in Owings Mills, Maryland. For more information, log onto www.MedifastNow.com</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">MED-F</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please Note: This release contains &quot;forward-looking
statements&quot; within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange
Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can
be identified by use of phrases or terminology such as &quot;intend&quot; or other similar words or the negative of such terminology.
Similarly, descriptions of Medifast's objectives, strategies, plans, goals or targets contained herein are also considered forward-looking
statements. Medifast believes this release should be read in conjunction with all of its filings with the United States Securities
and Exchange Commission and cautions its readers that these forward-looking statements are subject to certain events, risks, uncertainties,
and other factors. Some of these factors include, among others, Medifast's inability to attract and retain independent Health Coaches
and Members, stability in the pricing of print, TV and Direct Mail marketing initiatives affecting the cost to acquire customers,
increases in competition, litigation, regulatory changes, and its planned growth into new domestic and international markets and
new channels of distribution. Although Medifast believes that the expectations, statements, and assumptions reflected in these
forward- looking statements are reasonable, it cautions readers to always consider all of the risk factors and any other cautionary
statements carefully in evaluating each forward-looking statement in this release, as well as those set forth in its latest Annual
Report on Form 10-K and Quarterly Report on Form 10-Q, and other filings filed with the United States Securities and Exchange Commission,
including its current reports on Form 8-K. All of the forward-looking statements contained herein speak only as of the date of
this release.</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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Investor Contact: </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; padding: 0">&nbsp;</TD>
    <TD STYLE="width: 95%; padding: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">ICR, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Katie Turner</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(646) 277-1228</FONT></TD></TR>
</TABLE>


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

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

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

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

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

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>MEDIFAST, INC. AND SUBSIDIARIES</B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CONDENSED CONSOLIDATED BALANCE SHEETS</B></FONT></P>




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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></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; padding: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: center">(Unaudited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: center">(Audited)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: center; border-bottom: Black 1pt solid">September 30, 2015</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: center; border-bottom: Black 1pt solid">December 31, 2014</TD><TD STYLE="padding: 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0">ASSETS</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Current assets:</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 70%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Cash and cash equivalents</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">$</TD><TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">38,994,000</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">$</TD><TD STYLE="width: 12%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">24,459,000</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Accounts receivable-net of allowance for sales returns and doubtful accounts</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of $415,000 and $354,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">1,869,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">1,650,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">Inventory</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">11,770,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">15,735,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Investment securities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">27,499,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">28,185,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Income taxes, prepaid</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">741,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">5,099,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Prepaid expenses and other current assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">1,672,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">2,875,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Deferred tax assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">2,168,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">3,727,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Current assets of discontinued operations</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid">5,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right; border-bottom: Black 1pt solid">184,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">84,718,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">81,914,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Property, plant and equipment - net</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">29,527,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">33,477,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Other assets</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">163,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">497,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">Long-term assets of discontinued operations</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">18,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">22,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 2.5pt 0.75in; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL ASSETS</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 2.5pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 2.5pt double; padding-left: 0; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 2.5pt double; padding-left: 0; text-align: right">114,426,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 2.5pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 2.5pt double; padding-left: 0; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 2.5pt double; padding-left: 0; text-align: right">115,910,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 2.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">LIABILITIES AND STOCKHOLDERS' EQUITY</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Current liabilities:</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Accounts payable and accrued expenses</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">20,178,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">$</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">21,854,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Current maturities of capital leases</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">239,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">232,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">Current liabilities of discontinued operations</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">1,040,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">4,858,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">21,457,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">26,944,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Other liabilities:</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Capital leases, net of current portion</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">62,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">242,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Deferred tax liabilities</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">5,560,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">5,492,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">Long-term liabilities of discontinued operations</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">534,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">2,756,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">27,613,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">35,434,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Stockholders' Equity:</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">Common stock; par value $.001 per share; 20,000,000 shares authorized;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,288,763 and 12,365,690 issued</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,758,924 and 12,075,764 issued and outstanding</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">12,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">12,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Additional paid-in capital</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">407,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">1,132,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Accumulated other comprehensive income</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">44,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">435,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">Retained earnings</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">93,545,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: right">78,897,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">Less: cost of 261,211 and 0 shares of common stock in treasury</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">(7,195,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">-</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">Total stockholders' equity</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">86,813,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">80,476,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">114,426,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt">&nbsp;</TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: left">$</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding-top: 0; padding-right: 0; border-bottom: Black 1pt solid; padding-left: 0; text-align: right">115,910,000</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; padding: 0 0 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>



<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: 0pt 0; text-align: center"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"></TD><TD STYLE="width: 33%; text-align: right"></TD></TR></TABLE></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; text-align: center">&nbsp;&nbsp;</P>

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

<P STYLE="text-align: center; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">MEDIFAST, INC. AND SUBSIDIARIES</P>

<P STYLE="text-align: center; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</P>

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

<P STYLE="text-align: center; font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp; &nbsp;
&nbsp; &nbsp; &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; font-weight: bold; text-align: center; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding: 0">Three Months Ended September 30,</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding: 0">Nine Months Ended September 30,</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0">2015</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0">2014</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0">2015</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid; padding: 0">2014</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; text-align: center; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 40%; font-size: 10pt; padding: 0">Revenue</TD><TD STYLE="width: 1%; font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left; padding: 0">$</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right; padding: 0">65,936,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left; padding: 0">$</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right; padding: 0">69,017,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left; padding: 0">$</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right; padding: 0">211,461,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left; padding: 0">$</TD><TD STYLE="width: 12%; font-size: 10pt; text-align: right; padding: 0">222,982,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">Cost of sales</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">16,776,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">18,283,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">55,364,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">58,750,000</TD><TD STYLE="padding: 0; 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: 0">Gross Profit</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">49,160,000</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">50,734,000</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">156,097,000</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">164,232,000</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">Selling, general, and administrative</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">41,185,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">44,144,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">132,947,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">138,170,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&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: 0">Income from operations</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; font-weight: bold; text-align: right">7,975,000</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; font-weight: bold; text-align: right">6,590,000</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; font-weight: bold; text-align: right">23,150,000</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; font-weight: bold; text-align: right">26,062,000</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">Other income</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0 0 0 0.125in">Interest and dividend income, net</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">154,000</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">149,000</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">450,000</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">454,000</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0 0 0 0.125in">Other income (loss)</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">(20,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">769,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">129,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">1,016,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">134,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">918,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">579,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">1,470,000</TD><TD STYLE="padding: 0; 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; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">Income from continuing operations before income taxes</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">8,109,000</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">7,508,000</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">23,729,000</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">27,532,000</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">Provision for income taxes</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">2,707,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">2,227,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">8,064,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">9,087,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">Income from continuing operations</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">5,402,000</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">5,281,000</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">15,665,000</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">18,445,000</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">Income (loss) from discontinued operations, net of tax</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">104,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">(426,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">533,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; padding: 0; font-size: 10pt; text-align: right">(1,903,000</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">)</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: 0">Net income</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; font-weight: bold; text-align: right">5,506,000</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; font-weight: bold; text-align: right">4,855,000</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; font-weight: bold; text-align: right">16,198,000</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; font-weight: bold; text-align: right">16,542,000</TD><TD STYLE="padding: 0; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding: 0">Basic earnings per share</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0 0 0 0.125in">Earnings per share from continuing operations</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.45</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.42</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">1.30</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">1.43</TD><TD STYLE="padding: 0; 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: 0 0 0 0.125in">Earnings (Loss) per share from discontinued operations</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.01</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">(0.03</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.05</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">(0.15</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0 0 0 0.125in">Earnings per share</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.46</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.39</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">1.35</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">1.28</TD><TD STYLE="padding: 0; 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; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">Diluted earnings per share</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0 0 0 0.125in">Earnings per share from continuing operations</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.45</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.42</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">1.29</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">1.42</TD><TD STYLE="padding: 0; 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: 0 0 0 0.125in">Earnings (Loss) per share from discontinued operations</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.01</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">(0.03</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.05</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">(0.15</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0 0 0 0.125in">Earnings per share</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.46</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">0.39</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">1.34</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">1.27</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; padding: 0">Weighted average shares outstanding -</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; padding: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left; padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">11,922,690</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">12,457,438</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">12,028,205</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">12,877,297</TD><TD STYLE="padding: 0; 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; padding: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">12,019,846</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">12,569,387</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">12,121,785</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; padding: 0; font-size: 10pt; text-align: right">12,975,671</TD><TD STYLE="padding: 0; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
