<SEC-DOCUMENT>0001553350-13-000111.txt : 20130506
<SEC-HEADER>0001553350-13-000111.hdr.sgml : 20130506
<ACCEPTANCE-DATETIME>20130506161012
ACCESSION NUMBER:		0001553350-13-000111
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130506
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130506
DATE AS OF CHANGE:		20130506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETMED EXPRESS INC
		CENTRAL INDEX KEY:			0001040130
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DRUG STORES AND PROPRIETARY STORES [5912]
		IRS NUMBER:				650680967
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28827
		FILM NUMBER:		13816268

	BUSINESS ADDRESS:	
		STREET 1:		1441 SW 29 AVENUE
		CITY:			POMPANO BEACH
		STATE:			FL
		ZIP:			33069
		BUSINESS PHONE:		9549794788

	MAIL ADDRESS:	
		STREET 1:		1441 SW 29 AVENUE
		CITY:			POMPANO BEACH
		STATE:			FL
		ZIP:			33069
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>pets_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Current Report</TITLE>
<META NAME="author" CONTENT="EDGAR Online HTML to RTF Converter. Version 3.0">
<META NAME="date" CONTENT="05/06/2013">
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="eolPage1"></A><P style="margin:0px">&nbsp;<A NAME="FIS_TOP_OF_DOCUMENT"></A>&nbsp;<A NAME="B416715_8K_HTM"></A>&nbsp;<A NAME="FIS_FORM"></A>&nbsp;<A NAME="FIS_UNIDENTIFIED_TABLE"></A></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>FORM 8-K</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial" align=center>Date of report (Date of earliest event reported): May 6, 2013</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=153.6 /><TD width=153.6 /><TD width=153.6 /><TD width=153.6 /><TD width=153.6 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768 colspan=5><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>PetMed Express, Inc.<BR>
</U></B> (Exact name of registrant as specified in its charter)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>Florida</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>000-28827</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center><B><U>65-0680967</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(State or other jurisdiction<BR>
of incorporation)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(Commission<BR>
File Number)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=153.6><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=center>(I.R.S. Employer<BR>
Identification No.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=768 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center><B><U>1441 S.W. 29</U></B><B><U><SUP>th</SUP></U></B><B><U> Avenue, &nbsp;Pompano Beach, FL &nbsp;33069</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Address of principal executive offices) (Zip Code)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=751.4 /><TD width=16.6 /></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=751.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center><B><U>(954) 979-5995</U></B></P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=751.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Registrant&#146;s telephone number, including area code)</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=16.6><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=768 /></TR>
<TR><TD style="margin-top:0px" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center><B><U>Not Applicable</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=768><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman" align=center>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman">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):</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=24.267 /><TD width=743.733 /></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=24.267><P style="margin:0px; font-family:Wingdings">&#168;</P>
</TD><TD style="margin-top:0px" valign=top width=743.733><P style="margin:0px; padding-right:1.067px; font-family:Arial">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD><A NAME="eolPage2"></A><A NAME="FIS_OTHER_EVENTS"></A></TR>
</TABLE>
<P style="line-height:11.25pt; margin:0px"><BR>
<BR></P>
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<BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=24.267 /><TD width=743.733 /></TR>
</TABLE>
<P style="line-height:0.05pt; margin:0px"><BR></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman"><B>Item 8.01&nbsp;&nbsp;&nbsp;Other Events.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:24px; font-family:Arial,Times New Roman" align=justify>On May 6, 2013, PetMed Express, Inc. issued a press release announcing its March 31, 2013 quarter end and year end financial results. &nbsp;A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.</P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman"><B>Item 9.01&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=77.733 /><TD width=24.2 /><TD width=666.067 /></TR>
<TR><TD style="margin-top:0px" valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">(d)</P>
</TD><TD style="margin-top:0px" valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Exhibits.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=77.733><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=24.2><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=666.067><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">99.1 &#150; Press release dated May 6, 2013</P>
</TD><A NAME="FIS_EXHIBIT_INDEX"></A></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman" align=center><B>EXHIBIT INDEX</B></P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=80.8 /><TD width=17.133 /><TD width=652.933 /><TD width=17.133 /></TR>
<TR><TD style="margin-top:0px" valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>Exhibit No.</U></P>
</TD><TD style="margin-top:0px" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>Description</U></P>
</TD><TD style="margin-top:0px" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=80.8><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">99.1</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=652.933><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Press release dated May 6, 2013</P>
</TD><TD style="margin-top:0px; background-color:#FFFFFF" valign=top width=17.133><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><A NAME="FIS_SIGNATURES"></A></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman" align=center><B>SIGNATURES</B></P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman">&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.</P>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman">Dated: May 6, 2013</P>
<P style="line-height:11.25pt; margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=383.333 /><TD width=46.4 /><TD width=338.267 /></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=384.667 colspan=2><P style="margin:0px; padding-right:2.4px; font-family:Arial,Times New Roman">PETMED EXPRESS, INC.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">By:</P>
</TD><TD style="margin-top:0px" valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman"><U>/s/ Bruce S. Rosenbloom</U></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Bruce S. Rosenbloom</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">Chief Financial Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=383.333><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=46.4><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD><TD style="margin-top:0px" valign=top width=338.267><P style="margin:0px; padding-right:1.067px; font-family:Arial,Times New Roman">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:12.533px; margin-bottom:0px; font-family:Arial,Times New Roman" align=center>2</P>
<P style="margin-top:12.533px; margin-bottom:0px" align=center><BR>
<BR></P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>pets_ex99z1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<HEAD>
<TITLE>Press Release</TITLE>
<META NAME="author" CONTENT="EDGAR Online HTML to RTF Converter. Version 3.0">
<META NAME="date" CONTENT="05/06/2013">
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<A NAME="B416715_EX99_1_HTM"></A><A NAME="FIS_EXHIBIT_99"></A><P style="margin:0px"><BR></P>
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<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:1.067px; font-family:Arial" align=right>Exhibit 99.1</P>
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<TR><TD style="margin-top:0px" valign=top><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=center><B>PETMED EXPRESS D/B/A 1-800-PETMEDS ANNOUNCES ITS FINANCIAL RESULTS FOR FISCAL 2013</B></P>
<P style="margin:0px; font-family:Arial; font-size:11pt" align=center><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top><P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>Pompano Beach, Florida, May 6, 2013 - PetMed Express, Inc. (NASDAQ: PETS) today announced its financial results for the fiscal year ended March 31, 2013. Net income for the quarter ended March 31, 2013 was $4.6 million, or $0.23 diluted per share, compared to net income of $4.0 million, or $0.20 diluted per share, for the same quarter the prior year, an increase to earnings per share of 16.5%. Net income was $17.2 million, or $0.86 diluted per share, for the year ended March 31, 2013, compared to net income of $16.7 million, or $0.80 diluted per share, for the year ended March 31, 2012, an increase to earnings per share of 6.4%. Net sales for the quarter ended March 31, 2013 were $51.1 million, compared to $55.9 million for the quarter ended March 31, 2012, a decrease of 8.6%. For the year ended March 31, 2013 net sales were $227.8 million, compared to $238.3 million for the year ended March 31, 2012, a decrease of 4.4%. Online sales for the year ended March 31, 2013 were approximately 77% of all sales, compared to 75% for the prior year.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>Menderes Akdag, President and CEO, commented: &#147;We were able to increase our gross margins and decrease our operational expenses to improve our bottom line results for the quarter and fiscal year. &nbsp;For the quarter ended March 31, 2013 our gross profit increased 175 basis points, which can be attributed to a change in our product mix to higher margin items, including generics. For the quarter ended March 31, 2013 our operating expenses decreased by 124 basis points, mainly due to a reduction in advertising spending. Sales were negatively impacted during the quarter due to the colder than normal weather. The unavailability of Novartis brands, due to the manufacturer&#146;s suspended production, negatively impacted our sales for fiscal 2013; however recently this suspension was lifted for certain brands. Average order value was $73 for the fiscal year compared to $76 for the prior fiscal year, which was due to a change in product mix to lower priced items including generics and additional discounts given to customers. During the fiscal year, we maintained our quarterly dividend at $0.15 per share, while also paying a one-time special dividend of $1.00 in December 2012. In accordance with our share repurchase program, we repurchased approximately 397,000 shares paying approximately $3.9 million in fiscal 2013, with $10.2 million remaining as of March 31, 2013. For fiscal 2014 we are focusing on increasing our advertising spending to improve new order sales, shifting sales to higher margin items while continuing to expand our product offerings.&#147; </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>This morning at 8:30 A.M. Eastern Time, Mr. Akdag will host a conference call to review the year-end financial results. To access the call which is open to the public, dial (888) 455-1758 (toll free) or (203) 827-7025. Callers will be required to supply PETMEDS as the passcode. For those unable to participate in the live event, the call will be available for replay from 10:00 A.M. on May 06, 2013 until May 20, 2013 at 11:59 P.M. To access the replay, call (866) 431-7950 (toll free) or (203) 369-0981 and enter passcode 5500.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>Founded in 1996, PetMed Express is America&#146;s Largest Pet Pharmacy, delivering prescription and non-prescription pet medications and other health products for dogs and cats at competitive prices direct to the consumer through its 1-800-PetMeds toll free number and on the Internet through its website at <FONT style="color:#0000FF"><U>www.1800petmeds.com</U></FONT>.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>This press release may contain &#147;forward-looking&#148; statements, as defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission, that involve a number of risks and uncertainties, including the Company&#146;s ability to meet the objectives included in its business plan. Important factors that could cause results to differ materially from those indicated by such &#147;forward-looking&#148; statements are set forth in Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations in the PetMed Express Annual Report on Form 10-K for the year ended March 31, 2012. The Company&#146;s future results may also be impacted by other risk factors listed from time to time in its SEC filings, including, but not limited to, the Company's Form 10-Q and its Annual Report on Form 10-K.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial" align=justify>For investment relations contact PetMed Express, Inc., Bruce S. Rosenbloom, CFO, 954-979-5995.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:6px; font-family:Arial; font-size:11pt" align=center>###</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:12px; font-family:Arial" align=center>Exhibit 99.1 Page 1 of 4</P>
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<P style="margin:0px" align=center><BR>
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<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES</B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>CONSOLIDATED BALANCE SHEETS</B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>(In thousands)</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=7.667 /><TD width=7.667 /><TD width=69.133 /><TD width=7.667 /><TD width=7.667 /><TD width=7.667 /><TD width=69.133 /><TD width=7.667 /></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>March 31,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>March 31,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>2013</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>ASSETS</B></P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Current assets:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Cash and cash equivalents</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>18,155</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>46,801</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Short term investments - available for sale</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>15,490</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>10,347</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Accounts receivable, less allowance for doubtful accounts of $5 and $5, respectively</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,439</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,572</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Inventories - finished goods</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>31,601</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>26,217</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Prepaid expenses and other current assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>2,520</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,241</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Deferred tax assets</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>982</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,230</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Prepaid income taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>-</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>199</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:40px; text-indent:-8px; font-family:Arial,Times New Roman">Total current assets</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>70,187</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>87,607</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Property and equipment, net</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>2,132</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>2,597</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Intangible asset</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>860</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>860</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Total assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>73,179</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>91,064</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>LIABILITIES AND SHAREHOLDERS' EQUITY</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Current liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Accounts payable</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>6,454</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>6,619</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Accrued expenses and other current liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>2,381</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>2,772</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Income taxes payables</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>162</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>-</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:40px; text-indent:-8px; font-family:Arial,Times New Roman">Total current liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>8,997</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>9,391</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Deferred tax liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>168</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>492</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Total liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>9,165</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>9,883</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Commitments and contingencies</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Shareholders' equity:</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Preferred stock, $.001 par value, 5,000 shares authorized; 3 convertible shares issued and outstanding with a liquidation preference of $4 per share</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>9</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>9</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Common stock, $.001 par value, 40,000 shares authorized; 20,109 and 20,338 shares issued and outstanding, respectively</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>20</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>20</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Retained earnings</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>63,987</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>81,108</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Accumulated other comprehensive gain (loss)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(2</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>44</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:40px; text-indent:-8px; font-family:Arial,Times New Roman">Total shareholders' equity</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>64,014</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>81,181</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Total liabilities and shareholders' equity</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>73,179</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>91,064</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 2 of 4</P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES </B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>&nbsp;CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME </B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>&nbsp;(In thousands, except for per share amount) </B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=7.733 /><TD width=7.667 /><TD width=69.133 /><TD width=7.667 /><TD width=7.667 /><TD width=7.667 /><TD width=69.133 /><TD width=7.667 /><TD width=7.667 /><TD width=7.667 /><TD width=69.133 /><TD width=7.667 /><TD width=7.667 /><TD width=7.667 /><TD width=69.133 /><TD width=7.667 /></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=168.933 colspan=6><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Three Months Ended</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=168.933 colspan=6><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Year Ended</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=168.933 colspan=6><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>March 31,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=168.933 colspan=6><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>March 31,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>2013</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>2013</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=168.933 colspan=6><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>(UNAUDITED)</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Sales</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>51,120</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>55,924</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>227,829</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>238,250</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Cost of sales</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>32,885</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>36,957</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>150,708</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>158,085</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Gross profit</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>18,235</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>18,967</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>77,121</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>80,165</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Operating expenses:</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">General and administrative</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>5,152</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>5,411</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>21,592</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>22,363</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Advertising</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>5,557</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>6,916</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>27,433</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>30,369</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Depreciation</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>260</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>365</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,091</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,411</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Total operating expenses</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>10,969</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>12,692</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>50,116</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>54,143</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Income from operations</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>7,266</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>6,275</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>27,005</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>26,022</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Other income (expense):</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Interest income, net</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>42</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>60</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>306</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>288</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Other, net</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(2</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(1</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(5</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>61</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Total other income</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>40</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>59</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>301</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>349</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Income before provision for income taxes</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>7,306</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>6,334</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>27,306</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>26,371</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Provision for income taxes</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>2,704</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>2,341</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>10,141</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>9,712</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Net income</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>4,602</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>3,993</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>17,165</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>16,659</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Net change in unrealized gain (loss)on short and long term investments</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>12</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>35</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(46</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>185</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Comprehensive income</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>4,614</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>4,028</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>17,119</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>16,844</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Net income per common share:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Basic</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.23</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.20</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.86</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.81</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Diluted</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.23</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.20</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.86</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.80</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Weighted average number of common shares outstanding:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Basic</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>19,815</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>20,086</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>19,926</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>20,613</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Diluted</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>19,968</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>20,176</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>20,049</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>20,708</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:8px; text-indent:-8px; font-family:Arial,Times New Roman">Cash dividends declared per common share</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.733><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.150</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.150</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1.600</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>0.525</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 3 of 4</P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><BR></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>PETMED EXPRESS, INC. AND SUBSIDIARIES</B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>
<P style="margin:0px; font-family:Arial,Times New Roman" align=center><B>(In thousands)</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 width=100%><TR height=0 style="font-size:0"><TD /><TD width=7.667 /><TD width=7.667 /><TD width=69.133 /><TD width=7.667 /><TD width=7.667 /><TD width=7.667 /><TD width=69.133 /><TD width=7.667 /></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=168.933 colspan=6><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>Year Ended</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=168.933 colspan=6><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>March 31,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>2013</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=76.8 colspan=2><P style="margin:0px; font-family:Arial,Times New Roman; font-size:8pt" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px; font-size:8pt">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Cash flows from operating activities:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=76.8 colspan=2><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Net income</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>17,165</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>16,659</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Adjustments to reconcile net income to net cash provided by operating activities:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:40px; text-indent:-8px; font-family:Arial,Times New Roman">Depreciation</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,091</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,411</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:40px; text-indent:-8px; font-family:Arial,Times New Roman">Share based compensation</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>1,943</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>2,246</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:40px; text-indent:-8px; font-family:Arial,Times New Roman">Deferred income taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(76</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(56</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:40px; text-indent:-8px; font-family:Arial,Times New Roman">Bad debt expense</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>56</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>47</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:40px; text-indent:-8px; font-family:Arial,Times New Roman">(Increase) decrease in operating assets and increase (decrease) in liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:56px; text-indent:-8px; font-family:Arial,Times New Roman">Accounts receivable</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>77</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>366</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:56px; text-indent:-8px; font-family:Arial,Times New Roman">Inventories - finished goods</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(5,384</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(1,077</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:56px; text-indent:-8px; font-family:Arial,Times New Roman">Prepaid income taxes</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>199</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>465</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:56px; text-indent:-8px; font-family:Arial,Times New Roman">Prepaid expenses and other current assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(1,279</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(205</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:56px; text-indent:-8px; font-family:Arial,Times New Roman">Accounts payable</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(165</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>297</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:56px; text-indent:-8px; font-family:Arial,Times New Roman">Accrued expenses and other current liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(499</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>238</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:56px; text-indent:-8px; font-family:Arial,Times New Roman">Income taxes payable</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>162</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>-</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Net cash provided by operating activities</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>13,290</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>20,391</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Cash flows from investing activities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Net change in investments</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(5,189</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>12,344</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Purchases of property and equipment</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(626</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(705</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Net cash provided by (used in) investing activities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(5,815</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>11,639</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Cash flows from financing activities:</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Dividends paid</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(31,972</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(10,964</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Purchases of treasury stock</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(3,865</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(23,685</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Tax adjustment related to stock compensation</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(284</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(240</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Net cash used in financing activities</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(36,121</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(34,889</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Net decrease in cash and cash equivalents</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(28,646</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>(2,859</P>
</TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Cash and cash equivalents, at beginning of year</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>46,801</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>49,660</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Cash and cash equivalents, at end of year</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>18,155</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>46,801</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; font-family:Arial,Times New Roman">Supplemental disclosure of cash flow information:</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Cash paid for income taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>10,140</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>9,543</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Retirement of treasury stock</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>3,865</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>23,685</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=69.133><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; background-color:#CCFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
<TR><TD style="margin-top:0px" valign=bottom><P style="margin:0px; padding-left:24px; text-indent:-8px; font-family:Arial,Times New Roman">Dividends payable in accrued expenses</P>
</TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>276</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=7.667><P style="margin:0px; font-family:Arial,Times New Roman">$</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=69.133><P style="margin:0px; font-family:Arial,Times New Roman" align=right>168</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #FFFFFF" valign=bottom width=7.667><P style="margin:0px; padding:0px">&nbsp;</P></TD></TR>
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<P style="margin:0px; font-family:Arial,Times New Roman" align=center>Exhibit 99.1 Page 4 of 4</P>
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