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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000355948-04-000063.txt : 20041217
<SEC-HEADER>0000355948-04-000063.hdr.sgml : 20041217
<ACCEPTANCE-DATETIME>20041217102945
ACCESSION NUMBER:		0000355948-04-000063
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041216
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20041217
DATE AS OF CHANGE:		20041217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RICHARDSON ELECTRONICS LTD/DE
		CENTRAL INDEX KEY:			0000355948
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				362096643
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0531

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12906
		FILM NUMBER:		041210101

	BUSINESS ADDRESS:	
		STREET 1:		40W267 KESLINGER RD
		CITY:			LAFOX
		STATE:			IL
		ZIP:			60147
		BUSINESS PHONE:		7082082200

	MAIL ADDRESS:	
		STREET 1:		40W267 KESLINGER ROAD
		CITY:			LAFOX
		STATE:			IL
		ZIP:			60147
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f5q2earnrel.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"
created by Ritchie>
<html>
<head>
<title></title>
</head>
<body link="blue" vlink="purple">
<table align="center" width="90%">
<tr>
<td align="left"><small><i>FORM 8K</i></small></td>
<td align="right"><small><i>File:20041016-FY05Q2</i></small></td>
</tr>
</table>

<hr size="4" width="90%" noshade color="blue" align="center">
<hr size="1" width="90%" noshade color="blue" align="center">
<table align="center" border="0" cellspacing="0" cellpadding="0"
width="80%">
<tr>
<td nowrap valign="top">
<div align="center"><font size="4"><b>UNITED
STATES</b></font></div>
</td>
</tr>

<tr>
<td nowrap valign="top">
<div align="center"><b><font size="4">SECURITIES AND EXCHANGE
COMMISSION</font></b></div>
</td>
</tr>

<tr>
<td nowrap valign="top">
<div align="center"><b><font size="3">Washington, D.C.
20549</font></b></div>
</td>
</tr>
</table>

<table align="center" border="0" cellspacing="0" cellpadding="0"
width="80%">
<tr>
<td nowrap colspan="5" valign="top">
<h1 align="center"><b>FORM 8-K</b></h1>
</td>
</tr>
</table>

<div>&nbsp;</div>

<table align="center" border="0" cellspacing="0" cellpadding="0"
width="80%">
<tr>
<td nowrap valign="top">
<div align="center"><font size="4"><b>CURRENT
REPORT</b></font></div>
</td>
</tr>

<tr>
<td nowrap valign="top">
<div align="center"><b><font size="4">Pursuant to Section 13 OR
15(d) of</font></b></div>
</td>
</tr>

<tr>
<td nowrap valign="top">
<div align="center"><b><font size="4">The Securities Exchange Act
of 1934</font></b></div>
</td>
</tr>
</table>

<table align="center" border="0" cellspacing="0" cellpadding="30"
width="80%">
<tr>
<td nowrap valign="top">
<div align="center"><font face="arial">Date of Report (Date of
earliest event reported)&nbsp;<b>:</b>
<b><u><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; December 16, 2004
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</i></u></b></font></div>
</td>
</tr>
</table>

<table align="center" border="0" cellspacing="0" cellpadding="1"
width="600">
<tr>
<td nowrap colspan="1" valign="top">
<p align="center">&nbsp;<img width="200" height="80" id=
"_x0000_i1032" src="logo.gif" border="0"><br />
&nbsp;<br />
&nbsp;
</p>
</td>
</tr>

<tr>
<td align="center" colspan="1" valign="top">
<p align="center"><font face="arial"><font size="4"><b>RICHARDSON ELECTRONICS, LTD.</b></font></font></p>
</td>
</tr>

<tr height="1">
<td height="1" bgcolor="black"></td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<p align="center"><font size="2">(Exact name of registrant as
specified in its charter)</font></p>
</td>
</tr>
</table>

&nbsp;

<table align="center" border="0" cellspacing="0" cellpadding="1"
width="600">
<tr>
<td nowrap colspan="1" valign="top">
<p align="left">
<b><i><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Delaware
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></i></b></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="left">
<b><i><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
0-12906
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></i></b></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="left">
<b><i><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
36-2096643
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></i></b></p>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<p align="center"><font size="2">(State or other
jurisdiction</font></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="center"><font size="2">(Commission</font></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="center"><font size="2">(IRS Employer</font></p>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<p align="center"><font size="2">of incorporation)</font></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="center"><font size="2">File Number)</font></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="center"><font size="2">Identification No.)</font></p>
</td>
</tr>

<tr>
<td nowrap colspan="5" valign="top">&nbsp;</td>
</tr>

<tr>
<td wrap="" colspan="3" valign="top">
<p align="left"><b><u><i>40W267 Keslinger Road, P.O. Box 393,
LaFox, Illinois</i></u></b></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="left">
<b><u><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
60147-0393
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</i></u></b></p>
</td>
</tr>

<tr>
<td wrap="" colspan="3" valign="top">
<p align="center"><font size="2">(Address of principal executive
offices)</font></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="center"><font size="2">(Zip Code)</font></p>
</td>
</tr>

<tr>
<td nowrap colspan="5" valign="top">&nbsp;</td>
</tr>

<tr>
<td wrap="" colspan="3" valign="top">
<p align="left"><font face="arial">Registrant's telephone number,
including area code:</font></p>
</td>
<td nowrap colspan="1" valign="top">&nbsp;</td>
<td nowrap colspan="1" valign="top">
<p align="left">
<b><u><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(630) 208-2200
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</i></u></b></p>
</td>
</tr>

<tr>
<td nowrap colspan="5" valign="top">&nbsp;</td>
</tr>

<tr>
<td nowrap colspan="5" valign="top">
<p align="left"><font face="arial"><font size=
"4"><u><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></u></font></font></p>
</td>
</tr>

<tr>
<td nowrap colspan="5" valign="top">
<p align="center"><font size="2">(Former name or former address, if
changed since last report.)</font></p>
</td>
</tr>
</table>

<div>&nbsp;</div>

<table align="center" border="0" cellspacing="0" cellpadding="1"
width="600">
<tr>
<td wrap="" colspan="2" valign="top">
<p><font face="arial"><small>Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):</small></font></p>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<p><font face="arial">[X]</font></p>
</td>
<td wrap="" colspan="1" valign="top">
<p><font face="arial"><small>Written communications pursuant to
Rule 425 under the Securities Act (17 CFR
230.425)</small></font></p>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<p><font face="arial">[&nbsp;&nbsp;&nbsp;]</font></p>
</td>
<td wrap="" colspan="1" valign="top">
<p><font face="arial"><small>Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR
240.14a-12)</small></font></p>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<p><font face="arial">[&nbsp;&nbsp;&nbsp;]</font></p>
</td>
<td wrap="" colspan="1" valign="top">
<p><font face="arial"><small>Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</small></font></p>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<p><font face="arial">[&nbsp;&nbsp;&nbsp;]</font></p>
</td>
<td wrap="" colspan="1" valign="top">
<p><font face="arial"><small>Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</small></font></p>
</td>
</tr>
</table>

<hr size="1" width="90%" noshade color="blue" align="center">
<div>&nbsp;</div>

<table align="center" border="0" cellspacing="0" cellpadding="1"
width="650">
<tr>
<td wrap="" colspan="2" valign="top">
<div><font face="arial"><b><small>Item 7.01 Regulation FD
Disclosure</small></b></font></div>
</td>
</tr>

<tr>
<td nowrap colspan="2" valign="top">
<p>&nbsp;<br />
&nbsp;</p>
</td>
</tr>

<tr>
<td nowrap colspan="2" valign="top">
<h1><i><b><font color="red">For Immediate
Release</font></b></i></h1>
</td>
</tr>
</table>

<table align="center" border="0" cellspacing="0" cellpadding="4"
width="650">
<tr>
<td nowrap colspan="2" valign="top">
<div><font face="arial"><i><small>For Details, Please
Contact:</small></i></font></div>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<div><font face="arial"><b><small>Ed
Richardson</small></b></font></div>
</td>
<td nowrap colspan="1" valign="top">
<div><font face="arial"><b><small>Dario
Sacomani</small></b></font></div>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top">
<div><font face="arial"><small>Chairman and Chief Exective
Officer</small></font></div>

<div><font face="arial"><small>Richardson Electronics,
Ltd.</small></font></div>
</td>
<td nowrap colspan="1" valign="top">
<div><font face="arial"><small>Senior Vice President and Chief
Financial Officer</small></font></div>

<div><font face="arial"><small>Richardson Electronics,
Ltd.</small></font></div>
</td>
</tr>

<tr>
<td nowrap colspan="2" valign="top">
<div><font face="arial"><small>Phone:
(630)208-2340</small></font></div>

<div><font face="arial"><small>E-mail:
info@rell.com</small></font></div>
</td>
</tr>
</table>

<table align="center" border="0" cellspacing="0" cellpadding="8"
width="650">
<tr>
<td nowrap colspan="1" valign="top" align="left">
<hr width="100%">
<p><font face="arial" font="" size="4"><b>Richardson Reports Record Quarter Sales of $151 Million,<br /> up 18% from the Prior Year</b></font></p>
</td>
</tr>

<tr>
<td wrap="" colspan="1" valign="top" align="left">
<p><font face="arial"><b>LaFox, IL, Thursday December 16, 2004:
&nbsp;</b> Richardson Electronics, Ltd.  (NASDAQ: RELL) today reported results for the second quarter of fiscal 2005, which ended November 27, 2004.  Sales in the quarter were $151.4 million, the highest quarter sales level in the Company&rsquo;s history, and represented an increase of 18% from the second quarter of fiscal 2004.  Net income was $1.7 million, or $0.10 per share, in the quarter compared to $2.2 million, or $0.15 per share, in the same quarter last year.  </font></p>

<p><font face="arial"><i>Sales Highlights - Second Quarter Fiscal 2005 Compared to Second Quarter Fiscal 2004</i></font></p>

<p><font face="arial">The Company recorded its tenth consecutive quarter of year over year sales growth.  The Display Systems Group led the sales growth in the quarter increasing sales 58.5% as custom display sales more than doubled on large project deliveries to financial and retail customers.  Sales in RF/Wireless Communications increased 16.7% driven by strong growth in Asia and higher demand for passive/interconnect and network access products.  Industrial Power Group sales grew 12.3% with continued growth in Asia and power component demand.  Sales in the Security Systems Division were up 4.8% led by increased sales in Canada and private label products. </font></p>

<p><font face="arial">Geographically, the Company&rsquo;s sales in Asia/Pacific were up 26.3% with continued sales growth in China for wireless and industrial power products.  Sales in North America grew 21.5% led by strong growth in custom display sales in the United States.  Sales in Latin America increased 9.0% as all countries grew sales with particular strength in Colombia&rsquo;s demand for wireless products.  Sales in Europe were up 6.7% led by wireless sales in England and display systems and wireless sales in Germany.</font></p>

<p><font face="arial">&ldquo;We are pleased with the record demand for our products and solutions and with the record quarter sales levels achieved by the Display Systems Group and Security Systems Division,&rdquo; said Edward J. Richardson, Chairman of the Board and Chief Executive Officer.  &ldquo;Our earnings in the quarter were affected by incremental expenses associated with our ongoing Sarbanes-Oxley compliance program and PeopleSoft supply chain implementation.  The system implementation successfully went live in early December after many years of work and investment.  During the quarter, we followed a detailed implementation plan, which included training over 250 people, expanding our network bandwidth and testing system functionality.  These efforts allowed us to realize a very seamless installation without disruption to our operations.  Overall, we expect increased engineered solutions demand to continue sales growth and lower operating expenses to result in improved earnings.&rdquo;</font></p>

<p>&nbsp;<br />
&nbsp;
</p>

<hr align="center" width="650">

<p><font face="arial">&nbsp;<br />On Friday, December 17, 2004 at 9:00 a.m. CST, Mr. Edward J. Richardson, Chairman and Chief Executive Officer will host a conference call to discuss the release. A question and answer session will be included as part of the call&rsquo;s agenda. To listen to the call, please dial 888-423-3275 approximately five minutes prior to the start of the call. A replay of the call will be available from 12:30 p.m. on December 17, 2004 through March 23, 2005. The telephone numbers for the replay are (USA) 800-475-6701 and (International) 320-365-3844; access code 761015.</font></p>

<p><font face="arial">This release includes certain &ldquo;forward-looking&rdquo; statements as defined by the SEC.  Statements in this press release regarding the Company&rsquo;s business which are not historical facts represent &ldquo;forward-looking statements&rdquo; that involve risks and uncertainties.  For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see &ldquo;Risk Factors&rdquo; in the Company&rsquo;s annual report on form 10-K.  The Company assumes no responsibility to update the forward-looking statements in this release as a result of new information, future events, or otherwise.</font></p>

<p><font face="arial"><b>About Richardson
Electronics</b></font></p>

<p><font face="arial">Richardson Electronics, Ltd. is a global provider of &ldquo;engineered solutions,&rdquo; serving the RF and wireless communications, industrial power conversion, security and display systems markets.  The Company delivers engineered solutions for its customers&rsquo; needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics.  Press announcements and other information about Richardson are available on the World Wide Web at http://www.rell.com/investor.asp.</font></p>
</td>
</tr>

</table>

<p>&nbsp;<br />
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</p>



<hr align="center" width="650">


<div align="center"><b><font size="3" face="Times New Roman">&nbsp;<br />
RICHARDSON ELECTRONICS, LTD<br />
</font></b><a name="IS"></a><b><font size="2" face="Times New Roman">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<br />
FOR THE THREE-MONTH AND SIX-MONTH PERIODS<br />
 ENDED NOVEMBER 27, 2004 AND NOVEMBER 29, 2003<br />
(In thousands, except per share amounts, unaudited)
</b></div>

<div>&nbsp;</div>

<div align="center">
<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0"></td>
<td colspan="9" bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td colspan="9" bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td colspan="2"></td>
<td></td>
<td colspan="9">
<p align="center"><b><font size="2" face="Times New Roman">Three months ended</font></b></p>
</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td colspan="9">
<p align="center"><b><font size="2" face="Times New Roman">Six months ended</font></b></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="9" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="9" height="1" bgcolor="black"></td>
</tr>

<tr>
<td colspan="2" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman"> </font></i></p>
</td>
<td bgcolor="#e0e0e0"></td>
<td colspan="3" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">November 27, <br />2004</font></b></p>
</td>
<td colspan="2" bgcolor="#e0e0e0"></td>
<td colspan="4" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">November 29, <br />2003</font></b></p>
</td>
<td bgcolor="#e0e0e0"></td>
<td colspan="3" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">November 27, <br />2004</font></b></p>
</td>
<td colspan="2" bgcolor="#e0e0e0"></td>
<td colspan="4" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">November 29, <br />2003</font></b></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face="Times New
Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2" valign="bottom"></td>
<td></td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2" valign="bottom"></td>
<td></td>
</tr>

<tr>
<td colspan="2" valign="top" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">Net sales</font></b></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">151,374</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td colspan="2" valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">128,051</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">289,894</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td colspan="2" valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">247,357</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">Cost of products sold</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">114,320</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">97,109</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">219,238</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">187,300</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross margin</b></font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">37,054</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">30,942</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">70,656</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">60,057</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="2">
<p><font size="2" face="Times New Roman">Selling, general and administrative expenses &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">32,148</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font>&nbsp;</p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">25,495</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">61,437</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font>&nbsp;</p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">51,340</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income</font></b></p>
</td>
<td bgcolor="#e0e0e0" valign="top">
<p><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">4,906</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">5,447</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">9,219</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">8,717</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td>
<p><font size="2" face="Times New Roman">Other expenses, net</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">2,623</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">2,398</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">5,095</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">4,992</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">2,283</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">3,049</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">4,124</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">3,725</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="2">
<p><font size="2" face="Times New Roman">Income tax provision&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">621</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">844</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">1,214</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">1,128</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income</font></b></p>
</td>
<td bgcolor="#e0e0e0" valign="top">
<p><b><font size="2" face="Times New Roman"> </font></b></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">1,662</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">2,205</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">2,910</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">2,597</font></p>
</td>
<td bgcolor="#e0e0e0" colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td></td>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td></td>
<td></td>
<td valign="bottom"></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td colspan="2" valign="bottom"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom"></td>
<td></td>
<td colspan="2"></td>
<td></td>
<td colspan="2" valign="bottom"></td>
<td></td>
</tr>

<tr height="1">
<td colspan="2" height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td height="1" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><b><font size="2" face="Times New Roman">Net income per share - basic:</font></b></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>


<tr>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income per share</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman"> </font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">0.10</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">0.16</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">0.18</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">0.19</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td>
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average shares outstanding</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman"> </font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">17,284</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">13,979</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">16,578</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">13,952</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="2" valign="top">
<p><b><font size="2" face="Times New Roman">Net income per share - diluted:</font></b></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income per share</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman"> </font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">0.10</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">0.15</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">0.17</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">0.18</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td>
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Average shares outstanding</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman"> </font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">17,479</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">14,361</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">16,801</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom"></td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">14,281</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="2">
<p><b><font size="2" face="Times New Roman">Dividends per common share</font></b></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">$</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">0.04</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">$</td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">0.04</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">$</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">0.08</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">$</td>
<td colspan="2" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">0.08</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1"></td>
</tr>

<tr height="1">
<td colspan="2" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td colspan="2" height="1"></td>
<td colspan="4" height="1" bgcolor="black"></td>
</tr>

<tr>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>
</table>
</div>


<p>&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
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&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
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</p>



<div>&nbsp;</div>
<hr size="1" width="650" noshade color="blue" align="center">
<div>&nbsp;</div>


<div align="center"><b><font size="3" face="Times New Roman">&nbsp;<br />
RICHARDSON ELECTRONICS, LTD<br />
</font></b><a name="IS"></a><b><font size="2" face="Times New Roman">SALES AND GROSS MARGIN<br />
FOR SECOND QUARTER FISCAL 2005 AND 2004<br />
ENDED NOVEMBER 27, 2004 AND NOVEMBER 29, 2003<br />
(In thousands, unaudited)
</b></div>

<div>&nbsp;</div>

<div align="center">
<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td colspan="4" valign="top" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">By Business Unit:</font></b></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td colspan="5" valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">SALES</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td colspan="5" valign="top">
<p align="center"><b><font size="2" face="Times New Roman">GROSS MARGIN</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">FY 2005</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">FY 2004</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td colspan="3" valign="top">
<p align="center"><b><font size="2" face="Times New Roman">%&nbsp; Change</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">FY 2005&nbsp;</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td colspan="3" valign="top">
<p align="center"><b><font size="2" face="Times New Roman">% of Sales</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">FY 2004</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td colspan="3" valign="top">
<p align="center"><b><font size="2" face="Times New Roman">% of Sales</font></b></p>
</td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">Second Quarter</font></b></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; RFWC</font></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">67,358</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">57,705</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">16.7</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">15,661</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">23.3</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top">
<p><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">12,846</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">22.3</font></i></p>
</td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; IPG</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">31,304</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">27,868</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">12.3</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">9,527</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">30.4</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">8,678</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">31.1</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; SSD</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">27,360</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">26,109</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">4.8</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">7,304</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">26.7</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">6,664</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">25.5</font></i></p>
</td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; DSG</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">23,562</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">14,864</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">58.5</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">5,298</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">22.5</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">3,727</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">25.1</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Other</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">1,790</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">1,505</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">(736</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">)</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">(973</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">)</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">151,374</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">128,051</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">18.2</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">37,054</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.5</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">30,942</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.2</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr height="1">
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr height="10">
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">Fiscal Year to Date</font></b></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; RFWC</font></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">131,785</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">107,520</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">22.6</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">30,331</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">23.0</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top">
<p><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">24,028</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">22.3</font></i></p>
</td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; IPG</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">60,951</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">53,718</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">13.5</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">18,634</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">30.6</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">16,347</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">30.4</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; SSD</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">53,121</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">51,281</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">3.6</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">13,802</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">26.0</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">13,025</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">25.4</font></i></p>
</td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; DSG</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">40,542</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">30,943</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">31.0</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">9,431</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">23.3</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">7,986</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">25.8</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Other</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">3,495</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">3,895</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">(1,542</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">)</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">(1,329</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">)</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">289,894</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">247,357</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">17.2</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">70,656</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.4</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">60,057</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.3</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr height="1">
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

</table>
</div>

<div>&nbsp;</div>

<div align="center">
<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td colspan="4" valign="top" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">By Geographic Area:</font></b></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td colspan="5" valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">SALES</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td colspan="5" valign="top">
<p align="center"><b><font size="2" face="Times New Roman">GROSS MARGIN</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">FY 2005</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">FY 2004</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td colspan="3" valign="top">
<p align="center"><b><font size="2" face="Times New Roman">%&nbsp; Change</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">FY 2005&nbsp;</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td colspan="3" valign="top">
<p align="center"><b><font size="2" face="Times New Roman">% of Sales</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="center"><b><font size="2" face="Times New Roman">FY 2004</font></b></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td colspan="3" valign="top">
<p align="center"><b><font size="2" face="Times New Roman">% of Sales</font></b></p>
</td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">Second Quarter</font></b></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; North America</font></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">79,833</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">65,702</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">21.5</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p> </td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">20,835</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">26.1</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top">
<p><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">17,064</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">26.0</font></i></p>
</td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Europe</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">33,695</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">31,576</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">6.7</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">9,226</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">27.4</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">9,009</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">28.5</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Asia/Pacific</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">31,777</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">25,160</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">26.3</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">7,741</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">24.4</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">5,648</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">22.4</font></i></p>
</td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Latin America</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">4,983</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">4,572</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">9.0</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">1,432</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">28.7</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">1,118</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.5</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Corporate</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">1,086</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">1,041</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">(2,180</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">)</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">(1,897</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">)</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">151,374</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">128,051</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">18.2</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">37,054</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.5</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">30,942</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.2</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr height="1">
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr height="10">
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">Fiscal Year to Date</font></b></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; North America</font></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">154,218</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">131,133</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">17.6</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">$</font></p> </td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">39,849</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">25.8</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top">
<p><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">34,620</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">26.4</font></i></p>
</td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Europe</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">63,224</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">56,942</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">11.0</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">17,680</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">28.0</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">16,386</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">28.8</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Asia/Pacific</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">60,566</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">47,490</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">27.5</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">14,457</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">23.9</font></i></p>
</td>
<td valign="top">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">10,587</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">22.3</font></i></p>
</td>
<td valign="top">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Latin America</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">9,848</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">9,677</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">1.8</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">2,726</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">27.7</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">2,301</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">23.8</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; Corporate</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">2,038</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">2,115</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">(4,056</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">)</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top">
<p align="right"><font size="2" face="Times New Roman">(3,837</font></p>
</td>
<td valign="top">
<p><font size="2" face="Times New Roman">)</font></p>
</td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">289,894</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">247,357</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">17.2</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">70,656</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.4</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">60,057</font></p>
</td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0"></td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">24.3</font></i></p>
</td>
<td valign="top" bgcolor="#e0e0e0">
<p align="right"><i><font size="2" face="Times New Roman">%</font></i></p>
</td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>

<tr height="1">
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top" bgcolor="white"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
</tr>

<tr height="1">
<td height="1" valign="top"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top" bgcolor="black"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
<td height="1" valign="top" bgcolor="#0c0c0c"></td>
</tr>


<tr>
<td colspan="30">
<p align="left"><i><font size="1" face="Times New Roman"> <br />Note: Fiscal 2004 data has been reclassified to conform with the fiscal 2005 presentation.  Direct Export and a portion <br />
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of Corporate have been reclassified to the identified geographic areas based on ship to location. <br />
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe includes sales and gross margins to Middle East and Africa. <br />
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate consists of freight and other non-area specific sales and gross margins.</font></i></p>
</td>
</tr>

</table>
</div>



<p>&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
&nbsp;<br />
</p>


<div>&nbsp;</div>
<hr size="1" width="650" noshade color="blue" align="center">
<div>&nbsp;</div>


<p align="center"><b><font size="2" face="Times New Roman">&nbsp;<br />
RICHARDSON ELECTRONICS, LTD<br />
<a name="BS"></a>CONDENSED CONSOLIDATED BALANCE SHEETS<br />
(in thousands)</font></b></p>

<div align="center">


<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td colspan="3" bgcolor="#e0e0e0"></td>
<td colspan="2" bgcolor="#e0e0e0"></td>
<td colspan="6" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">As of</font></b></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="6" height="1" bgcolor="black"></td>
</tr>

<tr>
<td colspan="3"></td>
<td colspan="2"></td>
<td colspan="2">
<p align="center"><b><font size="2" face="Times New Roman">November&nbsp;27,</font></b></p>
</td>
<td></td>
<td colspan="3">
<p align="center"><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;May&nbsp;&nbsp;&nbsp;&nbsp;29,&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
</td>
</tr>

<tr>
<td colspan="3" bgcolor="#e0e0e0">
<p><i><font size="2" face="Times New Roman"> </font></i></p>
</td>
<td colspan="2" bgcolor="#e0e0e0"></td>
<td colspan="2" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">2004</font></b></p>
</td>
<td bgcolor="#e0e0e0"></td>
<td colspan="3" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">2004</font></b></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td colspan="2" height="1"></td>
<td colspan="2" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
</tr>

<tr>
<td colspan="3">
<p><font size="2" face="Times New
Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td colspan="2"></td>
<td colspan="2">
<p align="center"><b><font size="2" face="Times New Roman">(unaudited)</font></b></p>
</td>
<td></td>
<td colspan="3"></td>
</tr>

<tr>
<td colspan="11" valign="top" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">ASSETS</font></b></p>
</td>
</tr>

<tr>
<td colspan="3" valign="top">
<p><b><font size="2" face="Times New Roman">Current Assets</font></b></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">Cash</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">17,328</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">16,927</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">Account receivable, net</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">115,186</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">106,130</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">Inventories</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">106,546</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">92,297</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">Other</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">15,418</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">19,739</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">Total current assets</font></b></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">254,478</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">235,093</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td></td>
<td colspan="2">
<p><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td></td>
<td></td>
<td valign="bottom"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom"></td>
<td></td>
</tr>

<tr>
<td bgcolor="#e0e0e0" colspan="3">
<p><font size="2" face="Times New Roman">Property, plant and equipment, net</font></p>
</td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0" valign="bottom"></td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">33,294</font></p>
</td>
<td bgcolor="#e0e0e0" valign="bottom"></td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0" valign="bottom">
<p align="right"><font size="2" face="Times New Roman">30,589</font></p>
</td>
<td bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td colspan="3" valign="top">
<p><font size="2" face="Times New Roman">Goodwill and intangible assets</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">

<p align="right"><font size="2" face="Times New Roman">6,899</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">6,726</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="3" valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">Other assets</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">10,908</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">6,480</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
</tr>

<tr>
<td colspan="3">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td valign="bottom"></td>
<td></td>
<td></td>
<td valign="bottom"></td>
<td></td>
</tr>

<tr>
<td colspan="3" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets</font></b></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">305,579</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">278,888</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1"></td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
</tr>

<tr>
<td></td>
<td colspan="2">
<p><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
</td>
<td></td>
<td></td>
<td valign="bottom"></td>
<td></td>
<td></td>
<td></td>
<td valign="bottom"></td>
<td></td>
</tr>

<tr>
<td colspan="11" valign="top" bgcolor="#e0e0e0">
<p align="center"><b><font size="2" face="Times New Roman">LIABILITIES AND STOCKHOLDERS&rsquo; EQUITY</font></b></p>
</td>
</tr>

<tr>
<td colspan="3" valign="top">
<p><b><font size="2" face="Times New Roman">Current Liabilities</font></b></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">Accounts payable</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">36,754</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">33,473</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="top">
<p><font size="2" face="Times New Roman">Accrued liabilities</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">21,290</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">23,224</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td colspan="2" valign="top" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">Current portion of long-term debt</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">3,796</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">4,027</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="#0c0c0c"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="#0c0c0c"></td>
</tr>

<tr>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p><b><font size="2" face="Times New Roman">Total current liabilities</font></b></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">61,840</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">60,724</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td bgcolor="#e0e0e0"></td>
<td colspan="2" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td valign="bottom" bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td valign="bottom" bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td colspan="3" valign="top">
<p><font size="2" face="Times New Roman">Long-term debt, less current portion</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">123,584</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">133,813</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td colspan="3" bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">Other non-current liabilities</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">460</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom" bgcolor="#e0e0e0">
<p align="right"><font size="2" face="Times New Roman">241</font></p>
</td>
<td bgcolor="#e0e0e0">
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
</tr>

<tr>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="top">
<p><b><font size="2" face="Times New Roman">Total liabilities</font></b></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">185,884</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">194,778</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr>
<td bgcolor="#e0e0e0"></td>
<td colspan="2" bgcolor="#e0e0e0" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">&nbsp;&nbsp;</font></b></p>
</td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td valign="bottom" bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td valign="bottom" bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td colspan="3" valign="top">
<p><font size="2" face="Times New Roman">Stockholders&rsquo; Equity</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">119,695</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">84,110</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
<td height="1"></td>
<td colspan="3" height="1" bgcolor="black"></td>
</tr>

<tr>
<td bgcolor="#e0e0e0"></td>
<td colspan="2" bgcolor="#e0e0e0">
<p><b><font size="2" face="Times New Roman">&nbsp;</font></b></p>
</td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td valign="bottom" bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
<td valign="bottom" bgcolor="#e0e0e0"></td>
<td bgcolor="#e0e0e0"></td>
</tr>

<tr>
<td colspan="3">
<p><b><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity</font></b></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">305,579</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">$</font></p>
</td>
<td valign="bottom">
<p align="right"><font size="2" face="Times New Roman">278,888</font></p>
</td>
<td>
<p><font size="2" face="Times New Roman">&nbsp;</font></p>
</td>
</tr>

<tr height="1">
<td colspan="3" height="1"></td>
<td height="1"></td>
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<table align="center" border="0" cellspacing="0" cellpadding="8"
width="650">
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<td nowrap colspan="2" valign="top" align="center">
<p><font face="arial"><b>SIGNATURES</b></font></p>
</td>
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<tr>
<td wrap="" colspan="2" valign="top" align="left">
<p><font face=
"arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</font></p>
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<p><font face="arial">&nbsp;</font></p>
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<p><font face="arial">&nbsp;</font></p>
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<td nowrap colspan="1" valign="top" align="left">
<p><font face="arial"><b>RICHARDSON ELECTRONICS,
LTD.</b></font></p>
</td>
</tr>

<tr>
<td nowrap colspan="1" valign="top" align="left">
<p><font face="arial">Date:</font> <i><b><u>&nbsp;&nbsp;December 16, 2004&nbsp;&nbsp;</u></b></i></p>
</td>
<td nowrap colspan="1" valign="top" align="leftr">
<p><font face="arial">By:</font>
<u>/s/<i><b>&nbsp;&nbsp;D<small>ARIO</small>
S<small>ACROMANI</small>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></i></u></p>
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<p><font face="arial">&nbsp;</font></p>
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<td wrap="" colspan="1" valign="top" align="left">
<div><font face="arial">Name: Dario Sacromani</font></div>

<div><font face="arial">Title: &nbsp;&nbsp;&nbsp;Senior Vice
President and</font></div>

<div><font face=
"arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
Financial Officer</font></div>
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