<SEC-DOCUMENT>0001299933-15-000857.txt : 20150527
<SEC-HEADER>0001299933-15-000857.hdr.sgml : 20150527
<ACCEPTANCE-DATETIME>20150527172821
ACCESSION NUMBER:		0001299933-15-000857
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20150521
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150527
DATE AS OF CHANGE:		20150527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KIRKLAND'S, INC
		CENTRAL INDEX KEY:			0001056285
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RETAIL STORES, NEC [5990]
		IRS NUMBER:				621287151
		FISCAL YEAR END:			0130

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49885
		FILM NUMBER:		15893279

	BUSINESS ADDRESS:	
		STREET 1:		5310 MARYLAND WAY
		CITY:			BRENTWOOD
		STATE:			TN
		ZIP:			37027
		BUSINESS PHONE:		615-872-4800

	MAIL ADDRESS:	
		STREET 1:		5310 MARYLAND WAY
		CITY:			BRENTWOOD
		STATE:			TN
		ZIP:			37027

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIRKLANDS INC
		DATE OF NAME CHANGE:	19980219
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_51910.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> Kirkland's, Inc. (Form: 8-K) </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">
<!-- Comment1 -->
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<P>
<!-- CoverPageHeader end --><!-- CoverPageTitle START -->
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<HR NOSHADE>
<P>
<P ALIGN="CENTER">
<FONT SIZE="4">
		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
</FONT>
<FONT SIZE="2">

</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
</FONT>
</P>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Date of Report (Date of Earliest Event Reported):
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	May 21, 2015
</FONT>
</TD>
</TR>
</TABLE>
<BR>
</CENTER>
<!-- CoverPageTitle END --><!-- CoverPageRegistrant START -->
<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	Kirkland's, Inc.
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="33%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="33%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Tennessee
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	000-49885
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	621287151
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________<BR>
	(Commission
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	of incorporation)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	5310 Maryland Way, Brentwood, Tennessee
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	37027
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	615-872-4800
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
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:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
</P></FONT><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 2.02 Results of Operations and Financial Condition.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
On May 21, 2015, Kirkland's Inc. (the "Company") issued a press release and conducted a conference call regarding its sales and earnings results for its first fiscal quarter period ended May 2, 2015 (the "Press Release"). A copy of the Press Release and transcript of the conference call conducted by the Company are attached hereto as exhibit 99.1 and exhibit 99.2, respectively, and are being furnished, not filed, under item 2.02 of this Report on Form 8-K.<br>
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
(d) Exhibits<br><br>99.1 Press Release dated May 21, 2015 announcing the Company's first fiscal quarter financial results and other information.<br><br>99.2 Transcript of the May 21, 2015 conference call conducted by the Company. <br>
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT"></P><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- SignatureHeader START -->
<P ALIGN="CENTER">
<FONT SIZE="2">
<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
<!-- SignatureHeader END --><!-- Signature START -->
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="19%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="3%">
	&nbsp;
</TD>
<TD WIDTH="1%">
	&nbsp;
</TD>
<TD WIDTH="43%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
<FONT SIZE="2">
	Kirkland's, Inc.
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
<I>
	May 27, 2015
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	/s/ Adam C. Holland
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: Adam C. Holland
</I>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Title: Vice President and CFO
</I>
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<!-- Signature END --><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><P ALIGN="CENTER">
<FONT SIZE="2">
	Exhibit&nbsp;Index
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
<TR VALIGN="BOTTOM">
<TD WIDTH="8%">
	&nbsp;
</TD>
<TD WIDTH="15%">
	&nbsp;
</TD>
<TD WIDTH="77%">
	&nbsp;
</TD>
</TR>

<BR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Exhibit No.
</B>
</FONT>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Description
</B>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="CENTER">
<HR SIZE="1" NOSHADE>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="CENTER">
<HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
</TD>
</TR>





<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	99.1
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Press Release dated May 21, 2015 announcing the Company's first fiscal quarter financial results and other information.
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	99.2
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Transcript of the May 21, 2015 conference call conducted by the Company.
</FONT>
</TD>
</TR></TABLE></CENTER><!-- HTMLFooter START -->
</BODY>
</HTML>
<!-- HTMLFooter END -->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.1 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt"><img src="e41477-15147135227740107e_1.jpg">
</FONT>

<P align="right" style="font-size: 12pt"><FONT style="font-size: 22pt">News Release</FONT>


<DIV align="center">
<TABLE style="font-size: 22pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="17%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="56%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 22pt">
    <TD align="left" valign="top"><FONT style="font-size: 11.5pt">Contact:</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 11.5pt">Kirkland&#146;s</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11.5pt">SCR Partners</FONT></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11.5pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 11.5pt">Adam Holland</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11.5pt">Jeff Black: (615)&nbsp;760-3679</FONT></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11.5pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size: 11.5pt">(615) 872-4996</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11.5pt">Tripp Sullivan: (615)&nbsp;760-1104</FONT></DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11.5pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT style="font-size: 11.5pt">IR@Kirklands.com</FONT></DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 11.5pt"><FONT style="font-size: 12pt"><B>KIRKLAND&#146;S REPORTS FIRST QUARTER 2015 RESULTS</B></FONT>



<P align="left" style="font-size: 12pt"><FONT style="font-size: 11pt">NASHVILLE, Tenn. (May&nbsp;21, 2015) &#151; Kirkland&#146;s, Inc. (NASDAQ: KIRK) today reported financial
results for the 13-week period ended May&nbsp;2, 2015.
</FONT>

<P align="left" style="font-size: 11pt">Net sales for the 13&nbsp;weeks ended May&nbsp;2, 2015, increased 9.3% to $118.3&nbsp;million compared with
$108.3&nbsp;million for the 13&nbsp;weeks ended May&nbsp;3, 2014. Comparable store sales for the first quarter of
fiscal 2015, including e-commerce sales, increased 3.0% compared with a comparable store sales
increase of 5.0% in the prior-year quarter. Kirkland&#146;s opened one store and closed three during the
first quarter, bringing the total number of stores to 342 at quarter end.


<P align="left" style="font-size: 11pt">Net income for the 13&nbsp;weeks ended May&nbsp;2, 2015, increased 23% to $2.5&nbsp;million, or $0.14 per diluted
share. Adjusted net income for the 13&nbsp;weeks ended May&nbsp;2, 2015, increased 41% to $2.9&nbsp;million, or
$0.16 per diluted share. Adjusted net income for the first quarter of 2015 excludes a $0.02 per
diluted share charge related to the retirement of the Company&#146;s previous CEO. The Company reported
net income of $2.1&nbsp;million, or $0.12 per diluted share, for the 13&nbsp;weeks ended May&nbsp;3, 2014.


<P align="left" style="font-size: 11pt">Mike Madden, Kirkland&#146;s President and Chief Executive Officer, said, &#147;We&#146;re pleased with our sales
and earnings growth for the quarter. Sales came in at the top end of our guidance range, and
earnings exceeded our expectations driven by strong merchandise margins and expense leverage in
stores and e-commerce. Weather and the West Coast port delays presented challenges in the quarter,
but our teams executed extremely well.&#148;


<P align="left" style="font-size: 11pt">&#147;We are encouraged by the current momentum in the business,&#148; continued Mr.&nbsp;Madden. &#147;Customer
reaction to our assortments has been positive as indicated by strong conversion, and our real
estate plans remain on track for the second half of the year. Our long-term confidence in the
business is underscored by the announcement of a $1.50 per-share special dividend, made in a
separate release this morning.&#148;


<P align="left" style="font-size: 11pt"><I>Fiscal 2015 Outlook</I>

<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="14%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="73%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Store Growth:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">For the 52-week period ending January&nbsp;30, 2016 (&#147;fiscal<BR>
2015&#148;), the Company expects to achieve approximately 8%<BR>
to 10% square footage growth with 35 to 40 new store<BR>
openings and 10 to 15 store closings. New store openings<BR>
are expected to be weighted toward the second and third<BR>
quarters of the year, and store closings are expected to<BR>
be spread evenly throughout the year.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Sales:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Total sales for fiscal 2015 are expected to increase<BR>
approximately 10% to 12% compared with fiscal 2014. This<BR>
level of sales performance would imply a comparable store<BR>
sales increase of approximately 3% to 5% for fiscal 2015.</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 11pt"><FONT style="font-size: 11.5pt">-MORE-</FONT>



<P align="left" style="font-size: 11.5pt"><FONT style="font-size: 11pt">KIRK Reports First Quarter 2015 Results
<BR>
Page 2
<BR>
May&nbsp;21, 2015
</FONT>
<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="19%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="76%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Margin &#038; Expenses</B>:
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The Company expects gross profit margin to remain<BR>
relatively flat year-over-year as a slight improvement in<BR>
the merchandise margin is expected to be offset by<BR>
increases in supply chain costs. Operating expenses are<BR>
expected to decrease as a percent of sales.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Earnings:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Based on the above assumptions, the Company now expects<BR>
adjusted fiscal 2015 earnings per diluted share to be in<BR>
the range of $1.18 to $1.23, excluding a $0.02 per diluted<BR>
share charge related to the retirement of the Company&#146;s<BR>
previous CEO. The Company expects its full year tax rate<BR>
to be approximately 39%.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top"><B>Cash Flow:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Capital expenditures in fiscal 2015 are estimated to range<BR>
between $27&nbsp;million and $29&nbsp;million compared with $30<BR>
million in fiscal 2014. Based on the above assumptions,<BR>
the Company expects to generate positive cash flow in<BR>
fiscal 2015 excluding the special dividend and share<BR>
repurchases.</DIV></TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 11pt"><I>Second Quarter Fiscal 2015 Outlook</I>


<P align="left" style="font-size: 11pt">The Company issued guidance for the second quarter ending August&nbsp;1, 2015, for a loss of $(0.10) to
$(0.13) per diluted share. Net sales are expected to be in the range of $115&nbsp;million to $116
million with a comparable store sales increase in the range of 5% to 7%. Historically, the
Company&#146;s second quarter sales and margins are sequentially lower than the first quarter due to
traffic patterns and typical promotional activity. We expect an unfavorable comparison to the
second quarter of 2014 due to reversal of a shrinkage accrual in the year ago quarter, which
provided a benefit to that quarter amounting to $0.02 per diluted share. Additionally, during the
second quarter of 2015, the Company plans to open a net total of 14 stores versus four in the
prior-year quarter, which will result in higher pre-opening expenses for the quarter.


<P align="left" style="font-size: 11pt"><I>Special Cash Dividend</I>


<P align="left" style="font-size: 11pt">The Company&#146;s board of directors declared a special cash dividend of $1.50 per share on its common
stock. The special dividend will be paid on June&nbsp;19, 2015 to stockholders of record as of the close
of business on June&nbsp;5, 2015.


<P align="left" style="font-size: 11pt"><I>Investor Conference Call and Web Simulcast</I>


<P align="left" style="font-size: 11pt">Kirkland&#146;s will host a conference call today, May&nbsp;21, 2015, at 11:00&nbsp;a.m.&nbsp;ET. The number to call
for the interactive teleconference is (412)&nbsp;317-0790. A replay of the conference call will be
available through Friday, May&nbsp;29, 2015, by dialing (412)&nbsp;317-0088 and entering the confirmation
number, 10065466.


<P align="left" style="font-size: 11pt">A live broadcast of Kirkland&#146;s quarterly conference call will be available online at the Company&#146;s
website <U>www.kirklands.com</U> under Investor Relations or
</FONT><FONT style="font-size: 10pt"><U>http://www.videonewswire.com/event.asp?id=102303</FONT><FONT style="font-size: 11pt"></U> on May&nbsp;21, 2015, beginning at
11:00&nbsp;a.m.&nbsp;Eastern time. The online replay will follow shortly after the call and continue for one
year.
</FONT>

<P align="left" style="font-size: 11pt"><I>About Kirkland&#146;s, Inc.</I>
<BR>
Kirkland&#146;s, Inc. was founded in 1966 and is a specialty retailer of home d&#233;cor in the United
States. Although originally focused in the Southeast, the Company has grown beyond that region and
currently operates 342 stores in 35 states.&nbsp;The Company&#146;s stores present a broad selection of
distinctive merchandise, including framed art, mirrors, candles, lamps, picture frames, accent
rugs, garden accessories and artificial floral products.&nbsp;The Company&#146;s stores also offer an
extensive assortment of gifts, as well as seasonal merchandise.&nbsp;More information can be found at
<U>www.kirklands.com</U>.


<P align="center" style="font-size: 11pt">-MORE-



<P align="left" style="font-size: 11pt"><FONT style="font-size: 11.5pt">KIRK Reports First Quarter 2015 Results
<BR>
Page 3
<BR>
May&nbsp;21, 2015
</FONT>

<P align="left" style="font-size: 11.5pt"><FONT style="font-size: 11pt"><I>Forward-Looking Statements</I>
</FONT><BR>
<FONT style="font-size: 10.5pt"><I>Except for historical information contained herein, the statements in this release are
forward-looking and made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause Kirkland&#146;s actual results to differ materially from forecasted
results. Those risks and uncertainties include, among other things, the competitive environment in
the home d&#233;cor industry in general and in Kirkland&#146;s specific market areas, inflation, product
availability and growth opportunities, seasonal fluctuations, and economic conditions in general.
Those and other risks are more fully described in Kirkland&#146;s filings with the Securities and
Exchange Commission, including the Company&#146;s Annual Report on </I><I>Form 10-K</I><I> filed on April&nbsp;14, 2015.
Kirkland&#146;s disclaims any obligation to update any such factors or to publicly announce results of
any revisions to any of the forward-looking statements contained herein to reflect future events or
developments.</I>
</FONT>

<P align="center" style="font-size: 10.5pt"><FONT style="font-size: 11pt">-MORE-</FONT>



<P align="left" style="font-size: 11pt"><FONT style="font-size: 11.5pt">KIRK Reports First Quarter 2015 Results
<BR>
Page 4
<BR>
May&nbsp;21, 2015
</FONT>

<P align="left" style="font-size: 11.5pt"><FONT style="font-size: 11pt">KIRKLAND&#146;S, INC.
<BR>
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF INCOME
<BR>
(In thousands, except per share data)
</FONT>
<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>13-Week</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>13-Week</B></TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Period Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Period Ended</B></TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>May 2,</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>May 3,</B></TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>2015</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>2014</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Net sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">118,310</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">108,255</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Cost of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70,647</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">65,653</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Gross profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,663</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,602</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Operating expenses:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Operating expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,337</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,943</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,229</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,300</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:50px; text-indent:-10px">Operating income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,097</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,359</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Other expense (income), net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(13</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Income before income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,082</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,372</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Income tax expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,553</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,317</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:50px; text-indent:-10px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,529</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,055</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Earnings per share:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Shares used to calculate earnings per share:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,238</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,308</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,805</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,825</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 11pt"><FONT style="font-size: 11.5pt">-MORE-</FONT>



<P align="left" style="font-size: 11.5pt">KIRK Reports First Quarter 2015 Results
<BR>
Page 5
<BR>
May&nbsp;21, 2015


<P align="left" style="font-size: 11.5pt"><FONT style="font-size: 11pt">KIRKLAND&#146;S, INC.
<BR>
UNAUDITED CONSOLIDATED CONDENSED BALANCE SHEETS
<BR>
(In thousands)
</FONT>
<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="61%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>May 2, 2015</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>January 31, 2015</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>May 3, 2014</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">ASSETS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">93,437</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">99,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">82,418</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Inventories, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58,291</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55,775</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,702</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Deferred income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,614</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,538</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,857</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,343</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,878</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,595</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Total current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">163,685</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">167,329</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">144,572</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Property and equipment, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88,433</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90,992</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82,768</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,028</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">254,401</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">260,487</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">229,368</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">LIABILITIES AND SHAREHOLDERS&#146; EQUITY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Accounts payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">26,072</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">24,705</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">19,465</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Income taxes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">191</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,648</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">866</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Other current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,655</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,027</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22,870</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,918</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,201</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Non-current deferred income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,049</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,239</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Deferred rent and other long-term
liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,017</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47,907</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,930</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101,984</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">109,425</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91,370</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Net shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">152,417</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">151,062</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">137,998</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Total liabilities and shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">254,401</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">260,487</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">229,368</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 11pt"><FONT style="font-size: 11.5pt">-MORE-</FONT>



<P align="left" style="font-size: 11.5pt">KIRK Reports First Quarter 2015 Results
<BR>
Page 6
<BR>
May&nbsp;21, 2015


<P align="left" style="font-size: 11.5pt"><FONT style="font-size: 11pt">KIRKLAND&#146;S, INC.
<BR>
UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
<BR>
(In thousands)
</FONT>
<DIV align="center">
<TABLE style="font-size: 11pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>13-Week</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>13-Week</B></TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Period Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Period Ended</B></TD>
</TR>
<TR style="font-size: 11pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>May 2, 2015</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>May 3, 2014</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Net cash provided by (used in):</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Operating activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(616</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">221</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(2,675</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(6,930</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Financing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(2,410</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Cash and cash equivalents:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Net decrease</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(5,701</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(6,632</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Beginning of the period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89,050</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 11pt">
    <TD><DIV style="margin-left:30px; text-indent:-10px">End of the period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">93,437</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">82,414</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 11pt"><FONT style="font-size: 11.5pt">-END-</FONT>




<P align="center" style="font-size: 10pt; display: none">




<!-- v.121908 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>EX-99.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.2 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 11pt">&#091;KIRK&#093; &#151; Kirkland&#146;s First Quarter 2015 Earnings Call<BR>
<U>Thursday, May&nbsp;21, 2015 10:00 am CST</U></FONT>



<P align="left" style="font-size: 11pt"><I>Officers</I>


<P align="left" style="font-size: 11pt; text-indent: 1%"><I>Jeff Black; SCR Partners; IR</I>


<P align="left" style="font-size: 11pt; text-indent: 1%"><I>Mike Madden; Kirkland&#146;s, Inc.; President and CEO</I>


<P align="left" style="font-size: 11pt; text-indent: 1%"><I>Adam Holland; Kirkland&#146;s, Inc.; VP and CFO</I>


<P align="left" style="font-size: 11pt"><I>Analysts</I>


<P align="left" style="font-size: 11pt; text-indent: 1%"><I>Brad Thomas; KeyBanc Capital Markets</I>


<P align="left" style="font-size: 11pt; text-indent: 1%"><I>Neely Tamminga; Piper Jaffray & Co.</I>


<P align="left" style="font-size: 11pt; text-indent: 1%"><I>David McGee; SunTrust</I>


<P align="left" style="font-size: 11pt; text-indent: 1%"><I>Anthony Lebiedzinski; Sidoti & Co.</I>


<P align="left" style="font-size: 11pt; text-indent: 1%"><I>Mark Montagna; Empirical Capital</I>


<P align="left" style="font-size: 11pt"><B><I>Presentation</I></B>


<P align="left" style="font-size: 11pt">Operator: Good morning. And welcome to the Kirkland&#146;s first quarter 2015 earnings conference call.
(Operator Instructions) Please note this event is being recorded.


<P align="left" style="font-size: 11pt">I would now like to turn the conference over to Jeff Black of Investor Relations of SCR Partners.
Please go ahead.


<P align="left" style="font-size: 11pt">Jeff Black: Thank you. Good morning, and welcome to this Kirkland&#146;s conference call to review the
Company&#146;s results for the first quarter of fiscal 2015. On the call this morning, we have Mike
Madden, President and Chief Executive Officer; and Adam Holland, Vice President and Chief Financial
Officer.


<P align="left" style="font-size: 11pt">The results, as well as a notice of the accessibility of this conference call on a listen-only
basis over the Internet, were released earlier this morning in a press release that has been
covered by the financial media. Except for historical information discussed during this conference
call, the statements made by Company management are forward-looking and made pursuant to the Safe
Harbor provisions of the Private Securities Litigation Reform Act of 1995.


<P align="left" style="font-size: 11pt">Forward-looking statements involve known and unknown risks and uncertainties which may cause
Kirkland&#146;s actual results in the future periods to differ materially from forecasted results.
Those risks and uncertainties are more fully described in Kirkland&#146;s filings with the SEC,
including the Company&#146;s Annual Report on Form 10-K that was filed on April&nbsp;14th, 2015.


<P align="left" style="font-size: 11pt">With that said, I will turn the call over to Mike Madden. Mike?


<P align="left" style="font-size: 11pt">Mike Madden: Thank you, Jeff.


<P align="left" style="font-size: 11pt">I&#146;m happy to report a solid first quarter of fiscal 2015 with results exceeding our expectations
and a raise to our full-year guidance.


<P align="left" style="font-size: 11pt">The quarter was not without its challenges, though. Weather was unfavorable in late February and
early March, and the West Coast port slowdown strained our merchant and supply chain organizations.
We dealt with inventory positions below plan for much of the quarter and had to adjust the
promotional calendar as a result. Yet our teams executed extremely well, and that&#146;s the key
takeaway for the quarter.


<P align="left" style="font-size: 11pt">Sales came in at the top end of our guidance, with comparable store sales up 3% in the quarter.
Conversion was strong, and our average ticket was flat. Traffic was down slightly, and we
attribute the traffic decline almost wholly to the unfavorable weather in February and March.
Ecommerce sales increased 43% and added 2% to our consolidated comparable store sales.


<P align="left" style="font-size: 11pt">Earnings also came in ahead of guidance. Merchandised margins improved and contributed to a
93-basis point gain in our gross profit margin. As expected, operating expenses increased as a
percentage of sales, and that reflects higher depreciation from our recent investments and higher
rent from our corporate headquarters relocation.


<P align="left" style="font-size: 11pt">As we look into Q2, inventory flow has resumed to more normal levels. Our year-over-year sales
trends remain favorable and have accelerated a bit in the beginning of May. Inventory levels are
healthy, and overall in good shape and current. We&#146;ll use the second quarter to promote and clear
some of the seasonal merchandise that carried over from the port delays and impacted our
promotional calendar during the first quarter.


<P align="left" style="font-size: 11pt">As in the first quarter, we&#146;ll carry higher depreciation and corporate rent expense. We&#146;ll also
expect to open more stores in the quarter, as well as begin the process of moving our ecommerce
pick-pack operation to a separate distribution center. I&#146;ll remind everyone that historically the
second quarter is in large part a lower-volume, more promotional quarter, as we set the stage for
our fall seasonal business.


<P align="left" style="font-size: 11pt">Looking at the full year, sales trends have been strong due to merchandise assortment that is
clearly resonating with our customer. And we feel confident about our real estate plans. Due to
our solid start, we now expect earnings growth of 18% to 23% for the full year.


<P align="left" style="font-size: 11pt">Our priorities as an organization remain the same as what I outlined a couple of months ago &#151;
increasing our in-store productivity, optimizing our real estate growth, improving our ecommerce
channel, and tightening our focus on capital allocation and return on investment.


<P align="left" style="font-size: 11pt">While we have much work left to do, we&#146;re encouraged by our progress. Last year, higher sales and
better profit margin drove a nice increase in operating cash flow. We ended the first quarter with
$93.4&nbsp;million in cash. And as we announced this morning, the Board has authorized a special
dividend of $1.50 per share payable in June.


<P align="left" style="font-size: 11pt">The decision to pay a special dividend reflects our strong balance sheet and our commitment to
deploy a portion of the cash that we have generated over the last several years to shareholders.
Since 2011, we have also retired almost 4&nbsp;million shares of our common stock through repurchase
programs, reducing our diluted share count by 15%. The current repurchase program and special
dividend underscore our confidence in our ability to generate sufficient cash to execute on our
growth initiatives.


<P align="left" style="font-size: 11pt">The special dividend will be funded with existing cash, and we have ample liquidity to continue to
invest in our business, which remains our number-one priority.


<P align="left" style="font-size: 11pt">As I said earlier, our teams executed very well in the first quarter. We&#146;ve talked about early
gains achieved in our core merchandise assortment from our systems enhancements. We&#146;ve given our
merchants and planners &#091;to&#093; become better managers of inventory and make better buying decisions.


<P align="left" style="font-size: 11pt">We&#146;ll stay focused on improving our consistency. We&#146;ll also start to capture new opportunities.
So there&#146;s a longer tail to our foundational investments, and our merchandise margin should
continue to benefit.


<P align="left" style="font-size: 11pt">We&#146;re opening more stores this year, most of them in the second and third quarters. We feel
confident about hitting our goal for 8% to 10% square footage growth this year and, more
importantly, doing so earlier in the year than we have in years past. We&#146;ve made some important
investments in people and analytics in real estate. And I believe the function is prime for an
improvement in locating and opening new stores.


<P align="left" style="font-size: 11pt">We&#146;re adding more science to the process, using our loyalty program and making additional
refinements. We&#146;re building a strong pipeline for 2016, and we expect to sustain higher square
footage growth for several years.


<P align="left" style="font-size: 11pt">Ecommerce remains a priority, and we don&#146;t believe it will impact our interim goal for 500 units.
Through our loyalty program, we&#146;re learning a lot about our customer. She is healthy, engaged in
the category, and a little younger, a little wealthier, than we had originally thought. We&#146;re
looking for additional ways to motivate her online.


<P align="left" style="font-size: 11pt">As we&#146;ve said, we are augmenting our Jackson, Tennessee distribution center with the leasing of a
nearby 300,000-square foot facility that will service ecommerce and some other ancillary functions,
such as new store staging. And we&#146;re also looking to add more integration in stores to enhance the
experience and reinforce the ship-to-store model.


<P align="left" style="font-size: 11pt">In the first quarter, about 65% of our ecommerce revenue was ship-to-stores. That reduces shipping
charges and leverages our freight system, helping bring the channel closer to profit parity with
our stores.


<P align="left" style="font-size: 11pt">Looking at the balance of the year &#151; we expect to continue to see modest gains in the merchandise
margin. We should also start to see a greater contribution from expense leverage in the third and
fourth quarters as we execute on our growth plan.


<P align="left" style="font-size: 11pt">Longer term, our efforts to expand the store base through real estate growth, better utilize floor
space in our existing stores, enhance our ecommerce capabilities and reinvigorate our brand
development all provide exciting opportunities for our customers and our company. We look forward
to updating you on our progress.


<P align="left" style="font-size: 11pt">In closing, I&#146;d like to thank our over 5,000 employees in our stores, distribution center and
corporate offices for their work in servicing our customers and our company. We really appreciate
what they do.


<P align="left" style="font-size: 11pt">And I&#146;ll now turn it over to Adam for a review of our financials before we take some questions.
Adam?


<P align="left" style="font-size: 11pt">Adam Holland: Thanks, Mike.


<P align="left" style="font-size: 11pt">Net sales for the first quarter were up 9.3%, while comparable store sales increased 3.0%.
Brick-and-mortar comps were up 1%. That was driven by a 1% increase in transactions which was
comprised of an increase in conversions, partially offset by a slight decline in traffic. Our
average ticket was flat, comprised of an increase in items per transaction offset by a decline in
average unit retail price.


<P align="left" style="font-size: 11pt">Ecommerce sales were $7.7&nbsp;million for the quarter. That&#146;s a 43% increase over the prior-year
quarter. From a geographic standpoint, sales and results were positive throughout most of the
Southeast as well as Texas. Merchandise categories experiencing stronger results were textiles,
fragrance and housewares.


<P align="left" style="font-size: 11pt">We ended the quarter with 342 stores, a unit increase of 6%. We opened one new store and closed
three stores during the quarter. At the end of the quarter, we had 2.59&nbsp;million square feet under
lease, a 6.2% increase from the prior year. Average store size was also up 1%, to 7,563 square
feet.


<P align="left" style="font-size: 11pt">Gross profit margin for the quarter increased 93 basis points, to 40.3%. This increase was
primarily due to an improvement in merchandise margin, which increased 46 basis points, to 56.4%.


<P align="left" style="font-size: 11pt">Occupancy costs were roughly flat as a percentage of sales, and outbound freight costs, which
include ecommerce shipping, were down 39 basis points as a percentage of sales, primarily due to a
shift in our ecommerce business to more in-store pickup sales, which carry a lower fulfillment cost
for the Company. Central distribution costs were down 6 basis points, reflecting comparable store
sales leverage.


<P align="left" style="font-size: 11pt">Operating expenses for the first quarter were 32.4% of sales. That was up approximately 12 basis
points versus the last year. Store-related expenses, such as payroll and marketing, provided
leverage versus prior-year quarter. This leverage was offset by corporate-related expenses such as
professional fees and stock compensation expense, which included the $0.02-per diluted share share
charge related to the retirement of our previous CEO.


<P align="left" style="font-size: 11pt">Depreciation and amortization increased 45 basis points as a percentage of sales, reflecting the
increase in capital expenditures, including the implementation of major technology initiatives
during the last several years. The tax rate for the quarter was 38.0%.


<P align="left" style="font-size: 11pt">Adjusted net income for the quarter increased 23.1% over last year, to 16% per diluted share, which
excludes a $0.02-per diluted share charge related to the retirement of the Company&#146;s previous CEO.


<P align="left" style="font-size: 11pt">Turning to the balance sheet and cash flow statement &#151; at the end of the quarter, we had $93.4
million in cash on hand over the prior-year period. This increase in cash reflects the improvement
in our operating performance. Inventories were $58.3&nbsp;million, which reflects a 15% increase in
total inventory for the prior-year quarter. As Mike mentioned, inventories are current and support
an expected 11% to 12% sales increase for the second quarter, combined with a pickup in new store
opening activity.


<P align="left" style="font-size: 11pt">At quarter end, we had no long-term debt, and no borrowings were outstanding under our revolving
line of credit. For the first quarter, cash use and operations was $617,000, as increases in
working capital and higher incentive bonus payouts offset our improved operating performance.


<P align="left" style="font-size: 11pt">Capital expenditures were $2.7&nbsp;million for the first quarter, primarily due to existing store
enhancements and continued investments in our ecommerce business. We bought back 74,746 shares
during the first quarter for $1.7&nbsp;million at a $23.29 average price.


<P align="left" style="font-size: 11pt">Turning to our guidance &#151; for the second quarter of fiscal 2015, we expect total sales to be in
the range of $115&nbsp;million to $116&nbsp;million, which reflects an increase in comparable store sales of
5% to 7%; compared with net sales of $103.5&nbsp;million, a comparable store sales increase of 3.6% in
the prior-year quarter.


<P align="left" style="font-size: 11pt">Merchandise margin is expected to remain relatively flat as a percentage of sales compared to the
prior year, as the port delays shifted some of our promotional activity from Q1 to Q2. Also, for
comparison purposes, the second quarter of 2014 included the reversal of a shrinkage accrual, which
provided a benefit to that quarter amounting to about $0.02 per diluted share.


<P align="left" style="font-size: 11pt">As a result, gross profit margin is anticipated to be down modestly as compared to the prior year.
In addition, operating expenses will be impacted by more store openings in July as well as a higher
corporate bonus accrual. As we previously disclosed, depreciation and increased rent related to
our corporate headquarters relocation provide additional headwinds compared with the prior year.


<P align="left" style="font-size: 11pt">As a result, loss per share is expected to be in the range of $0.10 to $0.13 per diluted share.
This compares with a loss of $0.06 per diluted share in the prior-year quarter.


<P align="left" style="font-size: 11pt">Turning to the year &#151; we&#146;ve raised our full-year guidance and expect to generate earnings per
share of $1.18 to $1.23, excluding the $0.02-per diluted share charge related to the retirement of
the Company&#146;s previous CEO. This represents growth of 18% to 23% over 2014 without regard to share
repurchases. We expect our top line to increase 10% to 12% and expect our operating margin to
improve. That also assumes a 39% tax rate.


<P align="left" style="font-size: 11pt">We expect to open 35 to 40 stores and close 10 to 15 stores for a net square footage gain of
approximately 8% to 10%. Most of the locations required for this year&#146;s growth have been
identified. The majority of new store openings will occur in the second and third quarters of the
year, with closings expected to be spread evenly throughout the year. Our guidance assumes
comparable store sales in the range of 3% to 5% for the year. We expect gross profit margin to
remain relatively flat and operating expenses to leverage as a percentage of sales versus 2014.


<P align="left" style="font-size: 11pt">From a cash flow standpoint &#151; we expected to generate positive cash flow in fiscal 2015, excluding
the special dividend and our ongoing share repurchase plan. We do not anticipate any usage of our
line of credit during the year. Capital expenditures are currently anticipated to range between
$27&nbsp;million and $29&nbsp;million for landlord construction allowances for new stores. These capital
expenditure assumptions reflect the increase in the store openings and distribution center
enhancements.


<P align="left" style="font-size: 11pt">Thanks. And I will now turn the call back over to Mike.


<P align="left" style="font-size: 11pt">Mike Madden: Thanks, everybody, for being on the call today. Operator, we&#146;re now ready to take
questions.


<P align="left" style="font-size: 11pt"><B><I>Questions and Answers</I></B>


<P align="left" style="font-size: 11pt">Operator: (Operator Instructions) Brad Thomas, KeyBanc Capital Markets.


<P align="left" style="font-size: 11pt">Brad Thomas: Good morning, Mike, Adam and Jeff. And let me congratulate you on a nice start to the
year here.


<P align="left" style="font-size: 11pt">Mike Madden: Thanks, Brad.


<P align="left" style="font-size: 11pt">Brad Thomas: Wanted to ask kind of a high-level question about culture, and then a question about
guidance. First, just thinking about culture and leadership and people &#151; Mike, as you&#146;ve stepped
into the CEO seat, and Adam, as you&#146;ve moved into the CFO seat &#151; and as the Company has moved its
headquarters, I was hoping you could just maybe characterize for us some of the changes that have
been in place at the management level, and maybe what we don&#146;t see below the management level, and
how much is business as usual, and how much you expect to change here.


<P align="left" style="font-size: 11pt">Mike Madden: Well, that&#146;s a good question.


<P align="left" style="font-size: 11pt">Well, first of all, first thing I would say to that is culture is extremely important. And I&#146;ve
tried to make that clear in my first three months on the job. I mean, we&#146;ve done a lot as a team.
Because we&#146;ve got a lot of new faces here, too. So we got an interesting combination of a lot of
longevity in places and a lot of new, fresh faces in others. And bringing our team together and
retaining what&#146;s special about Kirkland&#146;s culture, which is a lot &#151; it really is. I mean, it&#146;s a
special company; it&#146;s been around for 50&nbsp;years &#151; retaining that and combining it with some fresh
new ideas is really important. And that&#146;s really priority number one with our team right now.


<P align="left" style="font-size: 11pt">And moving into the new building is a culture shift, there&#146;s no doubt about it. I mean, we have &#151;
we&#146;re in a nice three-story building with &#151; and that&#146;s even an adjustment in and of itself, having
three floors instead of one. But it gets to that level, is my point. And we take it seriously,
and I think it&#146;s a big part of our success in the future &#151; our ability to create that culture and
evolve it to what we see it becoming, which is something really special.


<P align="left" style="font-size: 11pt">Brad Thomas: That&#146;s helpful. Thank you, Mike.


<P align="left" style="font-size: 11pt">And with respect to guidance &#151; I appreciate all the color on 2Q. I guess taking into account what
you know now, one quarter in the bag, what, if anything, has changed about how we should think
about the all-important holiday quarter?


<P align="left" style="font-size: 11pt">Adam Holland: Well, Brad, this is Adam. I don&#146;t think &#151; the guidance we gave for Q2 reflects what
we originally had planned. And the increased guidance is simply passing that improvement in
performance from Q1 onto the back of the year. Clearly, we&#146;re a seasonal retailer, and most of our
profits are made in that all-important season, which kicks off in August and finishes in the middle
of January.


<P align="left" style="font-size: 11pt">So from an earnings apportionment standpoint, I don&#146;t think there&#146;s a lot of change. Q2 was &#151; the
guidance we gave was not a surprise; it was right in the wheelhouse of what we&#146;d always expected.


<P align="left" style="font-size: 11pt">Mike Madden: And the other thing I would add, Brad, is I think we have an opportunity, with the new
stores coming on, to better leverage in the back half, versus what you&#146;re seeing in Q1 and Q2.


<P align="left" style="font-size: 11pt">Brad Thomas: That&#146;s great.


<P align="left" style="font-size: 11pt">Well, thanks. And keep up the great work.


<P align="left" style="font-size: 11pt">Mike Madden: Thanks.


<P align="left" style="font-size: 11pt">Adam Holland: Thanks, Brad.


<P align="left" style="font-size: 11pt">Operator: Neely Tamminga, Piper Jaffray.


<P align="left" style="font-size: 11pt">Neely Tamminga: Good morning, and congratulations. Really good to see the solid execution despite
some of those extraneous headwinds.


<P align="left" style="font-size: 11pt">I just have a couple quick questions on ecom and a couple quick questions on stores, if I may. So
for stores, we&#146;re getting some investor questions around how we should be thinking around store
preopening expenses. So if you could give us any sort of general guidelines on an average store
basis, I think that that could help some of your investors.


<P align="left" style="font-size: 11pt">And then, also related to stores, can you just give us a sense of new markets this year versus last
year, and how we should be thinking about store credit &#091;committee&#093; in new markets versus existing
markets? (Inaudible). Thanks.


<P align="left" style="font-size: 11pt">Adam Holland: Sure. Yes, I&#146;ll start off and pass it to Mike here.


<P align="left" style="font-size: 11pt">On the new store openings, what we&#146;ve got here is an unusual situation where we&#146;re opening a lot of
stores very late in the quarter, a lot in mid- to late July. And what you typically see with store
preopening expenses is you incur rent expense as soon as you get possession, so you&#146;re paying rent
before you have sales or before you&#146;re open for business; as well as the setup costs to get the
store up and going. And these are all OpEx expenses I&#146;m talking about, not CapEx.


<P align="left" style="font-size: 11pt">So you&#146;ve got roughly, with the number of stores we&#146;re opening, probably between a $0.01 and $0.02
hit for the second quarter, simply because you just don&#146;t have enough time in July to generate
sales to offset that. This is not unusual or any change in the model; it&#146;s just really a timing
effect that&#146;s going to ding Q2 a little bit. But you&#146;re going to be benefitting in Q3, because all
of those stores are going to be open for business from day one.


<P align="left" style="font-size: 11pt">Mike Madden: And what was the other piece, Neely?


<P align="left" style="font-size: 11pt">Neely Tamminga: About the markets. This year, you&#146;re opening up more stores, but what is the new
market penetration this year versus last year? And kind of how do we think through store
productivity in new markets versus existing?


<P align="left" style="font-size: 11pt">Mike Madden: Right. Okay.


<P align="left" style="font-size: 11pt">Well, it&#146;s a good mix. I think of &#151; first of all, I would say we&#146;re staying within our 35-state
geography this year. We&#146;re not expanding into new states. But we are starting to penetrate more
in the mid-Atlantic and into some of the markets in that area, the Midwest. We continue to add
stores in California. And then, there&#146;s some infill even in the Southeast, in Texas and Florida.


<P align="left" style="font-size: 11pt">So it&#146;s all over the place. But it&#146;s confined to where we currently are. And it&#146;s building out
some of the markets that we have a lesser presence in today. And I would say &#151; I&#146;d say about
maybe half, maybe a little less than half, are in the Southeast and Texas. And then the rest are
in those other geographies.


<P align="left" style="font-size: 11pt">In terms of the performance &#151; we&#146;ve only opened one of the class so far, so we&#146;ve got a lot to
come. But if you look at last year as an indicator, we are starting to detect a slower ramp up in
some of the new markets. It&#146;s still a very healthy return in year one in those markets. It&#146;s just
that it appears that some of the newer markets that we&#146;re entering, or the markets where we&#146;re
underpenetrated, you see maybe a three-year kind of maturity ramp. You&#146;re starting in more like
85% maturity instead of 95%.


<P align="left" style="font-size: 11pt">Because a lot of our new stores over the last few years have matured very rapidly. And I think
it&#146;s because of the transition we&#146;ve done off-mall and the fact that we were staying even tighter
within our core geographies.


<P align="left" style="font-size: 11pt">Neely Tamminga: That&#146;s helpful, certainly as we think through modeling this kind of acceleration
and growth. So thank you for that.


<P align="left" style="font-size: 11pt">And then, just two real quick updates, then, on ecom &#151; where are we, more specifically on a
timeline, in two initiatives that you guys have underway &#151; the first one being extending your
selection vis-&#224;-vis drop-ship vendor type relationships and networks? Where are you guys in that
process? And then also, on ship-to-store, just so that I&#146;m clear on this &#151; are you at this point
&#091;items&#093; in &#091;off&#093; stores available to ship-to-store? Or are you kind of like 20% into your own
catalog on that?


<P align="left" style="font-size: 11pt">Thanks.


<P align="left" style="font-size: 11pt">Mike Madden: Okay. The first question, about drop-shipping &#151; I mean, that is right now a project
that we&#146;re in the midst of. And we have a pilot planned for this summer. And so you&#146;ll see us
start to do that as we enter into the back half. And we&#146;ll keep reporting on that.


<P align="left" style="font-size: 11pt">But to your point, we do view that as the biggest way for us to expand the SKU selection on the
site. We have, I think, done a good job tightening that up this year, actually. We&#146;re getting
more revenue per SKU. We&#146;ve been more profitable so far because of that and because of this shift
to ship-to-store. And it&#146;s really helped the numbers. I mean, you can see it in Q1.


<P align="left" style="font-size: 11pt">So that drop-ship project is one that the team is working on as we speak. And we&#146;ll have more to
say about it as we report every quarter. But we should be proceeding this year on that.


<P align="left" style="font-size: 11pt">The ship-to-store piece, in terms of what&#146;s available &#151; and I kind of alluded to that in my answer
just now &#151; as we started last year, we had limited ability to have multiple shipping methods on
the SKUs that we had on the site. We had determined it was either a direct shipment or it was an
in-store shipment.


<P align="left" style="font-size: 11pt">Throughout last year, we started giving customers the choice, and started making available pretty
much all the SKUs on the site available to ship-to-store. And we are well on our way to having
that in place, and we&#146;ve already seen the shift to customer &#151; what I call &#091;on the scripts&#093; 65% of
the revenue in Q1 was ship-to-store.


<P align="left" style="font-size: 11pt">So we&#146;re seeing the customers avail themselves of that, because it&#146;s free shipping. And it so
happens to be a more profitable scenario for us as well, which is really nice.


<P align="left" style="font-size: 11pt">Neely Tamminga: That&#146;s fantastic. Congratulations again, you guys. Looking forward to see how
this year progresses.


<P align="left" style="font-size: 11pt">Mike Madden: Thanks, Neely.


<P align="left" style="font-size: 11pt">Operator: &#091;David&#093; McGee, SunTrust.


<P align="left" style="font-size: 11pt">David McGee: Yes, hi, everybody, and great quarter.


<P align="left" style="font-size: 11pt">Mike Madden: Thanks, David.


<P align="left" style="font-size: 11pt">Adam Holland: Thanks, David.


<P align="left" style="font-size: 11pt">David McGee: Just a couple of questions. One is &#151; I might have missed this &#151; did you talk about
your expectations for conversion and traffic in the second quarter?


<P align="left" style="font-size: 11pt">Mike Madden: We didn&#146;t get specific about that, in terms of breaking down that comp increase
expectation of 5% to 7%. As we&#146;ve come into the quarter, and we&#146;ve called out conversion as being
strong, I think that will continue with our plans that we have for the second quarter.


<P align="left" style="font-size: 11pt">Ticket was flat in the first quarter. I think we have a little more momentum in that metric, as
well as traffic. Because traffic was impacted negatively by some one-time events, like the weather
in Q1. So I think those metrics looking a little sharper and better lead to the guidance that
you&#146;re seeing.


<P align="left" style="font-size: 11pt">David McGee: Thanks, Mike. And how much upside is there with conversion over time? Are you near a
peak with that metric, or no?


<P align="left" style="font-size: 11pt">Mike Madden: That&#146;s a good question. It&#146;s hard to say, in a lot of ways. Because when we were a
mall-based retailer, which is kind of the history &#151; and as we&#146;ve shifted off-mall, there&#146;s
inherently higher conversion rates off-mall &#151; you&#146;re essentially reducing the traffic and
depending more on a destination shopper, somebody that is coming for a specific purpose. So you
get less of the browsing, and so you convert at a higher rate.


<P align="left" style="font-size: 11pt">And so I don&#146;t think the ceiling is near for us there. We&#146;ve got a lot planned, both in terms of
the in-store experience and how we operate the store to try to drive that further. And we think,
based on the number that we see of conversion, and kind of knowing what others can do, we feel like
we&#146;ve got some upside there.


<P align="left" style="font-size: 11pt">David McGee: Thank you for that.


<P align="left" style="font-size: 11pt">And lastly, how are you feeling about advertising over the balance of the year? Do you plan to
continue to sort of shift gradually online, and sort of social media? Any change in your thinking
there?


<P align="left" style="font-size: 11pt">Mike Madden: Well, a lot of that is evolving, David. I mean, we came into the year with a budget
that was similar to last year, and that&#146;s been the case, and right now would still be the case.
We&#146;re spending a lot of time on brand development. I think that&#146;ll be a component of what we work
on for the balance of the year that is more preparing for the future.


<P align="left" style="font-size: 11pt">In the meantime, we&#146;ll continue to spend some advertising online, which we do a lot of today. And
we&#146;ll continue our &#151; we&#146;ve got about half the chain right now that&#146;s set up for some direct mail
and newspaper inserts that we&#146;ve continued to do. So we&#146;ve had about the same amount of drops in
the first quarter as we did the prior year. And we&#146;re still focused on that, because we&#146;re seeing
some success with that.


<P align="left" style="font-size: 11pt">But I think the bigger effort in marketing this year is brand positioning and preparing us for what
that looks like going forward.


<P align="left" style="font-size: 11pt">David McGee: And when you say that, Mike &#151; brand positioning &#151; where might we see that? Or is
that still being developed right now?


<P align="left" style="font-size: 11pt">Mike Madden: Well, we&#146;re working on it. That&#146;s part of our strategy as a team, to leverage the
brand a little bit more. We still feel like our awareness level compared to some of the
competitors is lower. And as we grow nationally, I think the real estate helps that &#151; to be in
some of these markets in a more penetrated way will help that.


<P align="left" style="font-size: 11pt">And I think where you&#146;ll see it come out is more in-store, the collateral we use; and also the
external advertising that we end up doing, whether that be a continuation of some of what we do now
with newspaper and direct mail or more online advertising.


<P align="left" style="font-size: 11pt">What we&#146;re trying to get to is a more cohesive, together, marketing-creative look that will pervade
&#151; that will kind of be in the store, online, as well as in our external communications.


<P align="left" style="font-size: 11pt">David McGee: Great. Thanks, Mike. And good luck here.


<P align="left" style="font-size: 11pt">Mike Madden: All right, thanks.


<P align="left" style="font-size: 11pt">Operator: (Operator Instructions) Anthony Lebiedzinski, Sidoti & Co.


<P align="left" style="font-size: 11pt">Anthony Lebiedzinski: Thank you for taking the questions.


<P align="left" style="font-size: 11pt">It appears that your improved IT systems are certainly helping you to manage the business more
effectively. Can you just talk about maybe &#151; just give us a kind of baseball analogy &#151; what
inning are we in in terms of seeing the benefits from the IT systems at this point?


<P align="left" style="font-size: 11pt">Mike Madden: Well, I keep saying the third. I guess at some point, I got to say the fourth or the
fifth.


<P align="left" style="font-size: 11pt">(Laughter)


<P align="left" style="font-size: 11pt">I still think it&#146;s early, Anthony. And knowing that we&#146;ve made a lot of strides, especially with
our best-selling products, our core merchandise &#151; we continue to see our margin improve on those
items, which comprise about 35% to 40% of the assortment. That was an early win. There&#146;s other
things that we&#146;re doing in terms of managing SKUs in categories that we&#146;ve benefitted no doubt from
on the planning side as well as the buying. And then, we haven&#146;t really even addressed some of the
pricing opportunities we might have with clearance optimization tools, promotional type tools.


<P align="left" style="font-size: 11pt">So when I say there&#146;s still a tail here, that&#146;s what I&#146;m talking about. And the team&#146;s really
excited about doing a lot more than what we&#146;ve already done. But we got to take it a step at a
time, too, and absorb what we&#146;ve added. And that&#146;s where we are. I mean, it takes a while to
integrate a lot of this and get it really humming. And that&#146;s where we are in the process.


<P align="left" style="font-size: 11pt">Anthony Lebiedzinski: Okay. Yes, certainly it sounds like you&#146;re off to a strong start this year.


<P align="left" style="font-size: 11pt">As far as the performance of your stores in some of your newer markets, just to go back to an
earlier question &#151; I think you had said that some of the new stores are opening at roughly 85%
productivity. So is that just a function of just the brand awareness just not being as strong?
And if that&#146;s the case, what are you plans to improve that?


<P align="left" style="font-size: 11pt">Mike Madden: That is what it &#151; that&#146;s probably the biggest reason, Anthony. When you think about
a market like a Detroit, for example, where we had a couple of stores in the suburbs &#151; we&#146;re
adding a few more to get more dents and create that. And I think it just takes some time. I mean,
we don&#146;t have any examples of brand new markets where we drop the store in and it&#146;s just completely
a fresh entry. It&#146;s more these fill-in opportunities. Denver is another opportunity over the next
couple of years I think we have. Minneapolis, New Jersey, we&#146;ve started to add some stores.


<P align="left" style="font-size: 11pt">We&#146;re seeing success in all those areas. I just think, with more brand awareness and through the
marketing, we&#146;ll be able to go into some of those markets, because they&#146;ll be a lot more efficient.
Whereas right now, we&#146;re not even advertising in some of those, because it doesn&#146;t make any sense
financially.


<P align="left" style="font-size: 11pt">Anthony Lebiedzinski: Got it. Okay, that makes sense.


<P align="left" style="font-size: 11pt">As far as your dividend, certainly a good move on your part there to reward shareholders. So do
you have any thoughts about implementing perhaps a regular cash dividend?


<P align="left" style="font-size: 11pt">Mike Madden: That&#146;s something that we would never take off the table. I mean, we&#146;d always be
discussing how we return some of our cash to shareholders. We made the decision here. We&#146;ve had a
buildup of cash over the years. We know we have a good ability to fund our growth plans with the
cash that we have and through cash we&#146;ll generate. We&#146;ve bought back a lot of shares over the last
four years, essentially reduced the share count by 15%.


<P align="left" style="font-size: 11pt">I think when we determine it&#146;s the right time to consider that, we will. Right now, we just felt
like the best decision was &#151; we&#146;ve had a buildup, we feel like it&#146;s time to return. And that&#146;s a
nice yield for shareholders by doing it this way at this time.


<P align="left" style="font-size: 11pt">Anthony Lebiedzinski: Got it.


<P align="left" style="font-size: 11pt">And lastly, can you just remind us how much you have left on your share repurchase program?


<P align="left" style="font-size: 11pt">Adam Holland: Yes, Anthony. We initiated it in May of 2014. And we&#146;ve spent about $5&nbsp;million in
that. And it&#146;s a $30&nbsp;million authorization. And then we&#146;ve spent another, call it, couple million
there. So we&#146;ve got a little over $20&nbsp;million left in authorization, which runs through spring of
2016.


<P align="left" style="font-size: 11pt">Anthony Lebiedzinski: Okay. Thank you very much.


<P align="left" style="font-size: 11pt">Operator: Mark Montagna, Empirical Capital.


<P align="left" style="font-size: 11pt">Mark Montagna: Congratulations on the good results, and it&#146;s great to see you guys elevating the
execution even higher.


<P align="left" style="font-size: 11pt">Mike Madden: Thanks, Mark.


<P align="left" style="font-size: 11pt">Adam Holland: Thanks, Mark.


<P align="left" style="font-size: 11pt">Mark Montagna: Yes. Question &#151; in the past, you&#146;ve spoken about whitespace, in terms of current
assortments and possibly moving into new categories. And I&#146;m just wondering where you stand in
terms of that progress.


<P align="left" style="font-size: 11pt">Mike Madden: Well, I mean, it&#146;s continuous. I think right now we&#146;re focused on &#151; we have a
hierarchy, and we work through 13 or 14 categories. And it&#146;s more about maintaining and creating
newness within those. I mean, we&#146;ve done it in our textiles category; it&#146;s been very successful.
We&#146;ve expanded our pillows assortment, we&#146;ve done more outdoor. And I&#146;m speaking the first
quarter. We added a curtains and accessories program over the last couple years, which was a new
business.


<P align="left" style="font-size: 11pt">So we&#146;re constantly evolving in each category. And that&#146;s something that the buyers are really
focused on in trying to create incremental business inside the categories that we offer, and
working in tandem with our visual merchandizing team to bring it to life in the store. I mean,
that connection is really what&#146;s important.


<P align="left" style="font-size: 11pt">And as we&#146;ve worked together on these things, in creating areas of the store, it makes it easier
for the buyers to go after new ideas. Because we know how we&#146;re going to display it and that it&#146;s
going to have prominence in the store, and we can get a good read on it.


<P align="left" style="font-size: 11pt">So it&#146;s a constant process. But part of our concept is always being fresh and new. So it&#146;s
nothing new for us. And it&#146;s just thinking about it a little bit differently.


<P align="left" style="font-size: 11pt">Mark Montagna: Okay. That&#146;s excellent. Thank you for the input on that.


<P align="left" style="font-size: 11pt">Unidentified Company Representative: Thanks, Mark.


<P align="left" style="font-size: 11pt">Operator: Having no further questions, this concludes our question-and-answer session. I would
like to turn the conference back over to Mr.&nbsp;Madden for any closing remarks.


<P align="left" style="font-size: 11pt">Mike Madden: well, we just appreciate everybody being on the call. And we look forward to speaking
with you next quarter. Thank you.


<P align="left" style="font-size: 11pt">Operator: The conference is now concluded. Thank you for attending today&#146;s presentation. You may
now disconnect.



<P align="center" style="font-size: 10pt; display: none">




<!-- v.121908 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>e41477-15147135227740107e_1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 e41477-15147135227740107e_1.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_
MVP!#`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0'_P``1"`"*`FD#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#^_BBBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`8\BQ\L<``L3V`7DD^@QDDGY0`=Q'
M&4\U<@<\C/3&.G7.#GGH`>_I5348[F6VGCLYX;6[DMYDM+FX@>ZA@NBC>3--
M;17-E+<01/M>:W2\M6G0-$MQ"6\Q?Y'/^"PG[>G_``7'_P""2_PK\/?'VZ\7
M_L1?M!_`W6?&UE\/;OQ+H7P4^(OP^\8>&M?U636]1\/2>(/!M]\3?%>EPZ7K
MNC:-);/>:5XQU$:;JI?3VA.+35]0`/Z[?.7YN&^7O@#/KC)!XR,\=\#)R`Y'
M5\XSD=01C&>F?0GT/([@5_$-_P`$=_\`@KQ_P6Y_X+"^-?B=I/P^N_V*O@W\
M.O@]8^'IO'WQ)\7_``F^(?B25+SQ5JMRNE:)X5\+:-X^LEU_7DTK3]3O+BUU
M77_#NEPV<$+7&J+>W=N!_:_X<M]9M-&TFU\1:G8ZUXAMM*TZ#7=8TS2GT'3M
M6UB&UCBU+4[#0YM3UJXT6RO[U)[NUTF?6=8?3H)H[-]5U%X&NY@#:,BAMO.>
M/3'.>.N<X!/3&`><\4GFKDCG@9SCCOQZD\'H.G/0C/S;^V!XT\8?#;]F/X]_
M$7P#\1OAC\(_%O@'X4^,?'&C?$CXSZ3J.L?"?PE<>$-(N/$$VI?$&TTG4-.U
M%?#$EG836>IZCI\MS?Z/;7+ZO::-XCFT^/0;_P#A._8=_P"#A[_@OO\`\%%_
MBK-\(_V4/V;_`-F[XA:_IUI_:WBC5Y?`OB/1/!G@31;B-[:TU/QGXNU+Q_!I
M6B6MQ?PNNG13W$M_JEV)+2TMKI8I84`/]$1)$?@$YQG!&#C.,^A'N"01@@D$
M&GU\"?L3^%_^"CNFV>HZY^WU\6/V7/$VJ7^CPVVE?#O]F[X8>/-(L?#>K>;8
M32ZKJ'Q/\;^,$N?$*M"M_93Z!!\--*AAN98=0M?$<UNGV"3[[H`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBD8X4GTYYZ?C0`M%5S,P&0J]<8)((Z
M`<8(+9((!92P/\-2QMO!)QPV,#J,`?>'."3\P_V"I[YH`?113)'$:EVP%7EB
M3M"J.2Q)X`4<DG``!.:`'T5%')OW=.,8(]#^)]"<]!G8"61C4M`!1110`444
M4`%%%%`!1110`UW"#)SCV^A)/T`!/\LG`H5P^<9X]1C_`.O^=?G9_P`%7?C[
M^T3^RM^P;\>/VD/V8+3X;:G\3?@GH5E\1+C1OBI8:E?^&-:\$^']2MKCQOIL
M7]EZYH$UKK4OA\W<NDW$MW-"UQ";,6WVB[@NK7Y"_P"""O\`P5K\>_\`!77]
MF#XB?&+XD?`_2?@]XL^%?Q8D^%>KW?@[5M4U?X=^-KH^$?#?BXZEX8778QK6
MA:EI</B.&TU[PO>ZAXA6QMIM#U>'Q'=?VY-I>C@'[I44@.5R?T_I_A^IZU&D
MA9B#M`_AYR3QG\3PW`&<*6/7``):***`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`:54G)`)Z9[\=.?;)QZ9/K7\S'_!VN`?\`@C+\7BT<9V?&/X!!&:&YD9?^
M*_L5WQO`X2V(!VF:[S;,!)`JBZN+8K_337\R_P#P=KX'_!&7XO[I%!;XQ_`/
MRPTUQ&3_`,5_9ED1(<Q7#[/.;R;O%NJ(TRL+JWM4`!^4_P#P9#>%[@?#3]O'
MQD7M/L5QX\^#OAGRMLK7WVFQ\/>*]7:=Y6E$'V8IJ$21(D`E$B,QD=&#5_<W
MXL\5>&/`GAO6O&'C#Q'H7@_PAX8TJ^UWQ+XG\2ZM8:%X>T#1--MVNM0U?6=9
MU.>UT_2]-L+9'N;N_O;B&TMH$DDF=5&Y?X<O^#+OQCX4^'7['G_!0SQSX\\1
MZ/X/\'>$/BW\/_$7BCQ/XAU"VTK1-!T+2/AQK5YJ>JZIJ-V\=M9V-G:PRS7%
MQ+(JI&CG.1BN-_:E_:G_`&L_^#FS]J/4?V#_`-@N]\5_"3_@F#\+?%45S^T%
M^TC<^'[C2[7XIQZ-*B0:EJK7+Z;?7VD7<T\EQ\+O@W'J-EJ7B*&>Q^(7Q&T>
MUDT/3K7PB`<E^UO^TW^UE_P<]_M>:E^PI^PAKNH_#7_@F?\`!_5+;5/C'\>+
MO1-;TVP^(;:=?0M;^,/%EKJ4ND:AJMI+>PP+\(O@_!!8:Q=S?;/&_C...*VM
M%\&?V5_L#_\`!/?]F3_@F[\#],^`G[,/@2+PSX>66'4O%WBG4I(]4\=_$GQ0
MENEM<^*O'GB3RH)]8U.1`R6=M&EOH^AVK&PT+2],L,6M=3^Q+^Q+\`O^"?\`
M^SUX/_9N_9O\(P^&O`GA*)YKN^N!9S>*?&WB2Y2-=7\:^.-:M;*Q.N^*];:*
M/[9J$L,<<%M!9Z;806FFV-I:0?7@&`!Z#%`$4@VJ"@.=P'#;3MYSU.#CKC\1
MR!7\I_\`P<G^/?V[OV&/V>KG]N7]DO\`;P^.7P^T^Z^*/@[X>^+?@/J'AKX/
M^(?AKHNF^*]&FTRSU[P'JTG@.R\8^')[;6?#D,VIV?B76O'?]IZAXGO)].NO
M#=K;"RG_`*MJ_FR_X.R_^4*?QY_[*;^SY_ZM[PO0!XM_P;8?$W]MO]O3]GC_
M`(;A_:N_;Q^.OQ!&D?&GXB?#[0?@-I7AWX1^&_A=JFFZ%X7\/VYU#QY>1?"T
M^,=?N5U/Q)/J6DV?A/Q3X6TO1[C2;![Z74Q-JFGI_2!\>OA/XD^-'@;_`(0_
MPY\=OC/^SOJ<>LVFKQ?$+X%77P\M/&ODV]IJ%D^ASGXG_#CXI>%I]#O3?BYO
MHSX734%N+'3I[+5K"2VDEF_G(_X,]"O_``Z%.TJQ'[4?QK#JL]S.5?\`LCP!
ME'BGQ%:ED,;BVM"ULRL+IV%U<W"K_51-CRVR,\K@8!YW#:<'T.#W/'`)XH`_
MS0?'O_!0C_@M;HW_``6*U7_@E5X5_P""F'BY_-_:@L?@-X7^+/B#X;?"Z<+I
M&L>0OA[7O$&@Z)X7>&348M$U&S?7].L[A%;7H;E]MK*C1Q?T8_%C_@G3_P`'
M#7@WP0OB7X#_`/!:>Q^*OQ&T+3AK$7@#XA?L]?#[P5HGB+6-$>>33=`L_$7V
M7QE830:S$((KR?Q+I=EIUW=22)JB-:1?:4_EX\:[_P#B,.L=Z.A_X>.>`,"2
M"UMV*'2_#9C;RK-FA9'3;)'.V+JYC=+F^5;V:Y5?]1F@#^&3_@FQ_P`'-'[3
M_@C]L)O^">W_``65\%^`OA]\0;;QQ9?!E/C9X;T:P\-WWA7XLW>MKHUI8?&:
M'PGXAUKX77GA;6M1OK'3[;XA_#NU\->$O#=NUMKVMB_\,2ZEXET;^X]6<YRY
MR">.^<9.X+GU&`/NY`*G;N/^8#_P=P?".VM_^"T7P?L_AOHLVH^-?CI^S;\`
M-?U+2-$M$EU36_B'J'Q;^+7PIT2VM;?2[8:C=ZMJ6B^!O"%K;(XN]3GG>**W
M+0&TA'^FK\/=+U;1/!'@S1]>F^T:[I/A3P]IFM7'VVXU(SZM8Z-96NI2MJ-W
M_IE^TE[!-(U[=,]S=%O/G;S'90`?G9_P4\^#_P"T+K_[/_QE^-O[.?[:?Q^_
M9E^(7P>^!_C_`,8>&O#/@32OA-XD^%WBS5?!>E7GC1SXT\,>,?A?K_C>]U+4
M[+2)_#EC=>&/B!X8@T\W<%Y-IVJ>5<V=]_(3_P`&_/[:_P#P5;_X*Y_M0?%?
MX:?&_P#X*'_M`^!?@_\`"?X/7_CSQ#K7PCT/X$Z+XUN_$^N>+-!\/^%M`L;W
MQ9\&_'&BVEG<6[^(]2DN#X=GEM4T@6MK+`][&)/[X?CWM_X4G\82\BI&/A3\
M1-Y>6>!`/^$1UC+M-:_Z3"JKO+2VX,Z`&2)6D1=O^?/_`,&3LT%O^U#^WG<7
M$]O$D'P+^'TTTEQ=W,")#%\1-4DGG=,?V>;>':&GN[QDN;5,?95:"XO]@!_H
MVW5S!:VUQ<W$\5O!;PR3SW$TB1100Q(7DFEED(CBBC0%Y)9"(XT!=R$4D?PO
M_M#?MR_\%3/^"D?_``5L^)7P!_X(G_M._$'3/V6OAM!X.\,?&KXOZK9_"[6O
MV?\`X?>.--LKW0?'7BWP'K]]X4DUO6?!%Q!9Z5#H_ARSU+Q9X@\5?$.R\8>)
M_#CQ^"]6T>?2OI']LK]L']IW_@NI\=O$G_!-C_@EUKNK^!/V*O#&N6OAW]M?
M_@H)86SMX5U6VLC)JNM?"_X5:M8W%O+K^GWL4.D6,D>AZQ8ZQXTOM0?3]5CT
MGX8&^U_Q%_2O^P[^P]^SY_P3X_9^\(_LY?LX>"['PKX-\-6L4NL:P;6P'BOX
MA>*I8(8]7\=^/M9L[:VF\1^*]9:)%N-1O039V%O8:)IL=IHFE:98VH!PW[&O
M[+/[0_[/=E?:E^T'^WI\=OVQ/&&LZ#8Z3?6OCOPE\(O`GPRT.\METV676_"/
MA7P9X$M?&-EK$MQ;7]N]QKOQ(UW3KG2M0"SZ(=3M?[5E_`#_`(.,O''_``4$
M_P""</P)A_;+_99_X**_M"6ND>,?VA-)\*^(?@MX]\-?!#7/!_@K2?&]O\1O
M$=I:_#;5]&^#VB:]:>&_#EWI^@>%](T'QK?^)=5ET*&2\UCQQK>K+;+<_P!?
M%?R??\'B^/\`ATYI>7&3^U+\)R@,L\98_P!A>/,HBQ9BN"%#L8KG$**K3*?M
M$5NK`'H7_!NIK'[<'[9/[*WPT_;Z_:P_;]^.OQ-;Q3XQ^)6B^&O@)I7A[X.>
M&_A6^@>#=5\7?#:=_B3/_P`*PU#QOXDUF77H9_%VBS>%/%W@2VTR;2]"M=4;
MQ+9M=:>O]/41<@[\YXZE<@\Y!V@<CC.!CH03R:_G._X-1?\`E"-^S/\`]CQ^
MT5_ZOKX@5_1M0`4R3E''3*D9XXR,9Y!'&>X(]13Z^=OVL?VD?`W[(_[-7QS_
M`&F/B$X?PE\#_AIXJ^(FJV(NEL9];D\/Z7/=:5X;L;M[>[6'4O%&L#3_``[I
M;_9;D_VCJEHHMY681L`?QE_\%?\`_@OEX]_9;_X+H_LT_##X?>-O$T?[-'[)
M][X;\,?M->"O#VOZ;!X?^)FL?&&*V;XB-JUBNE7IOKWX8^#-8\/C1;366>XT
M_P`8Z)K4&F/X=N;B;6I_[J-#U6PUW2--UK2;RVU'2M7LK74]+U&SD$MIJ&FW
M\$=W8WMK*K.LMM=6LT4T$JL5EB=)%`5@!_E(_&/_`()C?$[]H;_@B_\`&7_@
MMC\2+37O$?[2/Q?_`&O/$'QE\1,ESJMR]A^S%K6MW7@74=2.D7"PHL,?Q0U:
M]UP7%E!?VUC\-[#PS=PSZ9H^G:I#;?VH?\&P'[?'_#:G_!,/P!X5\6:A>7?Q
M?_9,U)/V>O'T^IZ@FH:EXAT#1M-M=4^%7C0MC[4+;5O`]Y:^%Y9=1>74+[Q%
MX'\27\CO;W%M+(`?T9U^`7_!S#^T9\;OV6/^"57Q"^+G[/?Q(\2?"?XF:;\7
M/@EI>F>-O"5VMCKVFV>I^-;87\5G>,DA@%U'`D-P54F6W,L#9CE=6_?P$,`1
MT(!'T/(K^9C_`(.X#C_@C'\4,\?\7K^`@_/QL@]R!ZX&<9'>@#7_`.#?G_@N
MEX3_`."G_P`(+;X0?&O7]#\-_MO_``OT6)O&>@!]-TBV^,OAFT4Q#XH^!M-@
M6TA>]01;_'GAG2K)8_#5Y<6EY:K)I-_Y=A_2;&Q,:EN#R#SGD$CKD^G<Y]<'
MBO\`)N_;P_X)!?M-?\$O?AK^QS_P5(_8S\8^,[GX0>*?A1^SY\8-1\9>&)KR
M/QY^S7\8O$_@OP;XFFA\436XDAU+X=>)_$NJ`^&-?F$EJ9;R;P1XKTN"'^PK
MSQ-_<)_P09_X+>_#_P#X*M?`]/"?Q"OM`\'_`+:/POTYH_BS\.[5HM/MO&^B
M6DMM;67Q>\`6._$_AW5?M=E:>)=*ME67PIXG^U6SV5OH&H>';F]`/WZ\06%S
MJNA:UI=EK&I^';S4]*U#3[7Q!HBZ<^M:%<7MI-;0ZQI":QIVL:0^J:9)*M[I
MZZKI.J::UW!"+[3KVU,MM+_"U_P</_&O_@J=_P`$CG^`'C[X`?\`!3OX]_$/
MX4?'74O'7A&[T'XN>$/@A>^._"7BWPW8^']56ZM_$W@3X/\`@OPWJ^@ZWIVJ
M7'V.V;P_HFK:!=::_P!B76+;4)Y]*_NV:12N.22!V/.,9[<^AXQD@'&:_AM_
MX/=R/^&>?V#!N&?^%U_%S"F6Y5RJ^"/#()6!%-G*L9(5YYV%U"S(MJKQW%ZP
M`/ZXOV1O@-\8/@#\./[$^-W[5?Q=_:P^(>MIHNI>)O&/Q-T[X;:-I&D:[;Z5
M!9ZS9?#;0?A]X!\'76A>#[^]5K^WTOQ5JOC75H'&X:TGFSP'^5W_`(..OC#_
M`,%#/^"5OP[^#7Q__9E_X*1_M(ZGX>^+OQ9\2>!?$?PY^*>B_`'Q#;^&;V3P
MYJ/B/19?!&K^'O@]X-U./PYI]A8WNER:7XAM?$^H><NF:K=>)I;N;_2/[6*_
MBM_X/8MW_#$?[)95'V?\-2ZD"XAMR@8_"SQ:`#.2+J-V;S&6.$/!*JM)<,LT
M%JE`%3_@F=\)/^"]'_!1+]BOX/\`[9%I_P`%E9?AAIGQ?7QI<Z'X(N?@%X)\
M47^FVW@+Q_XG^&:_VKJJZ=I-K)-J>H^$M:OKF"&U>,0R:7-//<W#W!M_JGQ]
M_P`$]/\`@Y5\$6RZ_P#!+_@LM\-_BAK6DVXFL?#7Q-^"7A;PG8ZK=6@N4MK:
M[E?P/\0-)>.>*3_39K^SNHS<B,R07/V9)5^S/^#8S_E!K^PK_P!@GX\_^M2?
M&^OWHH`_@<O?^#BS_@L+_P`$KOC%I?P4_P""QO['GAGQOX?U@->Z/\2OA]8:
M9X%\4>(M(M[2'3I-9\%>+/"6IZW\#/'UK]LL)-2O=`M=*\*Z_I5[JUY'J=SI
MULND:#;?V%_L)?M^_LU_\%&?@/X>_:$_9A\=0>*_"6IW$NE>(]`OT&F^-?AW
MXILRT>J>$?'OAJ60WVA:U:.HFLVE\S3->TNYL/$'AZ]U70=1T[4KJ]^W;^PO
M\`?^"AG[._CG]G']H7PA9>(/#/BK2YX]`\1Q6ME_PE_PW\5Q[)]$\=^!-:N(
M);C0O$.BZA!;3L]NQM=8T]+KP_K=MJ6@:KJNF7?^89_P3F_:"_:$_P"""G_!
M:#4_@)X_U76-.\"VOQCA_9R_:4\$R^4GA_QY\-_%6KV`\$_$BSL]42*WM+O3
MK35?"'Q3\$^++$Z7J,WAVXN=(74U\+>+_$.GZJ`?Z'__``7E^->C?!'_`()0
M_M@ZG?3WSZW\1OAO<_!#P)HVC7%Q#KOBCQS\8IXO`VA>&]#2RM+^]O-0U!-5
MO)#86EC<RWEE;7D!1(6EGBXG_@B7^Q-_PZN_X)<?#SX>_&8:?X+\>P:+XM_:
M%_:2N;FYTB>+PEXL\0:?%KOB+3]6U;25EL-2;X?>$-&TCPQ?W\%UJUL#X=FC
MT_5-0TR*SNY_U<^(7P?^%7QFC\!M\2_`GA;XA6WPX\>Z!\6OA_'XFTRVUFS\
M-?$/P[I^L:?X:\;:3;W@EMH]=T2Q\0:I_9&HE9);">]-_:+%>0VT\?C?[>OP
ME\7?'?\`89_;0^!W@.*QD\=_&?\`90_:*^%/@J'4IYK;3)?%OQ&^$/C#PAX=
MCU&YMK6^N(+%]:U>Q%S/#8WL\=N96BL[EQY$@!_*]^SY^UO_`,%5/^#A[XM?
M&GQ#^Q_^TT/^";W_``3R^!WC>U^'.G^+/!WA2U\1?''XI:M-%/JOVJ\OKN\@
MNX==D\-7^EZGJFC:;KWA?PIX?L=7T'3Y(O$>LI>:Q-]._&3_`((4?\%+/!GA
M2]\6_LC_`/!<G]LN]^+6@:-J<NB>%_C5J)NO"WBK49K17?3?^$@TC78T\-->
MS'4$M[G4/#GB6*"2\LHC-80:=-=S_@]_P:J_\%>/A#^PWX@^*O\`P3V_:SU0
M_"+PK\6_C!=?$#X?_$+Q6MMH_A[P=\:O^$?\-_#[Q;X&^(%S/90WWAU?$NG^
M"?"EII.IZU>_V'I6MZ#=:7>Q:9<ZZ9KK_25BN;;4+:*>SGANK:ZACN+>>"1)
MH+BVF19(IX9HG*20RQLKQ2HY21&5D9E.:`/QD_X(%?&/]I[XZ?\`!/#POXZ_
M;$\=>+?'O[0=M\7/C7X&\?WGC/3-)TG6-`U3X:^/-0\`2^$WLM&T71+1?[#G
M\.7$=V\L-W>2:K-J1N[Z67,,'[3US?AGPGX<\(6VHV?ACP_H?ARTU;7M?\4Z
MG:Z#IEGI5OJ/B7Q5J]YK_B7Q!?0V,%O'=:WX@UJ_O-7UO4YEDO-4U2[NKZ\G
MFN)GD;I*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*_F8_P"#M614_P"",GQC
M02%//^,7P!1D^U_9O.*_$+3I`GD;2=1&8`WV92I1HQ>>:%L'B'],]?S,?\':
MQD_X<Q_&+;YH7_A<7P"$FQ[14D4_$+3MHE%PIFD19/)8+8C[2)%C+R"T2[50
M#_.O^$MG^W?=_P#!+?\`:5'P3@\0S_L56_[1GP[N/VK8O`46N3:Q_;]OX-N+
MGX=S_%5-)?RO^%,VE[;-<Q3ZE%_PC]O\0QX6?79UU)O"A3^TC_@U!_X*T_LI
MZ_\``GP?_P`$W/$?@[P1\`_VA_"USK6I>#]1T73ETK1/VG&N1=:KJGB'5=:G
MGNYI_C-8V5N8M:M-8N[:+7-'M]-C\)0K#I[Z)8^9?\&9'@+P;\5/V+O^"BGP
MV^(OAO2?&/@/QS\5/`OA7Q=X5UZV6[T?Q!X>USX::WI^JZ5J-N^%EMKRSGE@
M89#)OWQ.C@,/PB_X+L_\$3OBY_P2/_:#@_:)_9KM/&S?L@^*_&Z>)O@_\1]!
MOM3NM<_9\\:IJ@UG2?AKXI\1P2-JVEW&AW"QR_#/Q;JMT;SQ)I%B([C5]1\3
MZ)X@8@'^LM']WDY.3D_CW]_Y]<#.*?7\K'_!OA_P<&>#_P#@HKX+T+]EO]I7
M6+#P?^VWX$\,V=O;:E=?9;#1/VDM$T6R%M>>,/"X4K;VGQ'MHK=-3\=^#8K>
MVBN9+MO$/@^UGT=-9TSPU_5,N=HSUP,XX&<<X&6[_P"T?J>M`"U_-E_P=E_\
MH4_CS_V4W]GS_P!6]X7K^DVOYG?^#MG6M,TS_@C%\7=/U"[6WNO$GQ>^`>CZ
M)"R2-]OU2W^(NG>()K16CC=8631M#U6^\VX>&`BR\E9&GEB@G`/./^#/9V?_
M`()"(OF%_*_:A^-<85KI;@1#^R_`<H18@J&R!\UI#:N[LY;[7O1;I47^J6;/
MEMCKQVSQN&>._&?7_=;[I_E9_P"#/<$?\$A@"TA7_AJ'XU[-S6[*J?V5X"RD
M2P!98T\SS&,=ZYN@\C2H5LY[05_5+-S&V3@<9/MN&>XY(X'4>JL/E(!_DV?M
MK_M`^$?V1O\`@Z#^*O[27CS1?$6L^#/@K^W)X>^(GB31/!^C0?\`"3:CI.DZ
M3X=OKN'1-)OK^TMKS4KF.0S0337]M%JSLVH!K=+M8U_L3UK_`(.Y_P#@DWI/
MAZ^UF,?M-7U_:::UW!H7_"B]4T^>]U`VS2P:/'J>I:O:Z-;W5S./LL=S=7T-
MEN/G&X\D%J_EI\9[/^(PZR\L1JI_X*.^`PPB6\2-G&G^'#*2M\6G:1IE9IG0
M_8I)M[Z<J:>UJH_TJ/VBOV?/A!^U-\'?'WP`^._@K3O'_P`*/B9H%WX>\7>&
M=2^U1+=65T`T=UI^HV,UMJ6C:UILZ1ZAHVM:3=6VJ:3J-O;7MC=07,41<`_D
M-_X([?`:T_X+1_\`!0OXI_\`!>GX]W?A`^!/AI\39_A7^RA^SW:7EEKWBKX=
MZY\,],T]_"7B7XM&SB33-,U[PEX>\2:1XN\,6`;5+Z]\5>(H?&%O>Z;IOAWP
MU<:S_;"D90YW$^V`!TP,>G`'`^7.2`"37^6#X&\;_M6_\&I'_!5#7?!GB&WU
M_P")W[+'Q,^P+K*3:;=Z5HOQ]^":W?FZ5XR\*7=Q!#HUE\7/AI+J;V][%8W%
M[::7K$VI>&]3E?1]<AO*_P!-?]GO]H'X4?M1_"#P#\=O@AXQTSQW\,?B1X=L
M?$?AGQ#ID\,HDMKV".62QU&")F?3=:TV9GL=7TFY6.[TV^@GM;B,21F@"_\`
M'F18?@O\7I?,,3Q_"OXANLGVL6.S;X3U9RPO2&%HR[-PN"K"''G%'$1V?XUW
M[$/A?]NKQ5^S?_P4?M?V-]4N5\$:7\'_``AK?[7/AOPU<,OC[Q)^S]I?B#Q-
M/K<^B0A3/>>%-#F+W_Q'33A#J`\,.RR/_8LNL6UU_LC?M$W]GI7P&^-NJ:A?
M0Z98:9\(/B5?WVI7$]G:P:?96G@[6;FZOIKK4,V5M#:PPM--/>@6<,:&6XW1
MH0/\_+_@R;C2X_:?_;QCE`FLY_@7\.DGA?\`LZ6TE2;XA:J,313*UW,&B,JH
M;8M8&-YA?))(^F[0#]1O^#5S_@KW^S%\4_V?OAS_`,$W]5\&^"_V?_VA_A=I
MFL/X-TK0(K?2/"G[1FFQB?6=:\8Z9-/<&[D^+PMDNM0\>Z'>?:I];M["7Q5H
M%[/:'5-`\+?V4QR;_P"$KQGG(/;L0/?D9'OG('^>%_P<,_\`!OUKW[,FO^(_
M^"G_`/P3AM-5\(^%?"6M6WQ,^,GPB^'XETS5/@MK>F7<6H7'QI^$$NC>3>6/
M@^RU"*/7/%'AZVB6;P/=?VAXGTF>/PFMU8>&?UT_X-Z_^#ASPU^W]X<T#]DS
M]J_6]#\'_MG^$]#M[+PSXIO;JWTW1/VG-*TF%8I=6TN*006VG_%JVM$6[\4>
M%+1G7Q,R:AXH\,6MK:QZIH&B@']9U?R?_P#!XK($_P""3>G*)"OF_M2_"9"G
MVP0>85T3QS(5-N5/VT+Y8<0*5,94718+;,DG]7D9++DG//'3^Z,YX7!W;N"`
M1Z#I7\H?_!XMO_X=-Z;M\Q5_X:D^$P<*UHJ,G]B>.\&19P9Y%W[&`L\3JZHS
ML+87`<`^BO\`@U%_Y0C?LS_]CQ^T5_ZOKX@5_1M7\Y/_``:B_P#*$;]F?_L>
M/VBO_5]?$"OZ-J`"OXU_^#NC]K62+X-_LS?\$SOAIXBTNT^+_P"V1\6/"FM>
M+8=6\0:=X<T/0/A5HOB*'PUX8;QCKNL7^F:5X>T;QK\4]2TY[;6=8G;0[32O
MAWXSGUMK"."TN'_L?FG$(=Y'2.*-6=Y'955552QW%RJA0H9F8LH4+EG`)Q_`
M5^RW\'?A%_P<%_\`!P#^VI\?/C!X3_X7!^PS^R+X6A^&G@_2-:;6]-\,^,)[
M'4=2\"_"V)HM.U?1M7L=.\7ZAH/Q/^*UE#(D+7>G:7!I_B/3+6\U%[9`#^IG
MPAX9_P""=/A+]@O2?^"?&H_M$?LS>(_@WI/[/$W[.^MVFJ?%7X6P6^NZ5;>!
M1HOB/7[W2X_%DT6EZM=RW$_C&Z%O>&;1-1NH[ZUO(I(K2\'\)G_!MQ^U7_P[
M=_X+"_$?]BOQ_P"*K;7OA?\`M`>+?%/[,\_B?2/$%I=^%H?BQX,\2ZD?A#XX
MA;3;K5M&U6S\6W=CJ'@>-M-NB4N/'>EZB=7?3]%N;6]_ML?_`(-VO^"+D8C*
M_L#_``M/E^3M'_"1?$]F;[-*T\>2_CS]X\DC!;AI"3=P(EK=F:VCCB7^+C_@
MYP_X)??#+_@E_P#M`_LJ?M3_`+$'P_3X*_"CQ;#'I[Z-X9U;Q-<Z=X5^.OPR
MUU_%>FZ[8ZCJVN:AK&G2^)_#][8E;2TU*TAAN/"=Q<6"I<WEU(`#_3Q7)5<]
M=HS]<?4_S/UK^9K_`(.W_P#E#)\3^2/^+V?`3D`D_P#([)T`(.2..".O4=1^
MO'_!-;]M#PC_`,%`/V(/V=/VJO!DZ?\`%R_`>G#QII)\_P"T>%_B?X:,OACX
MG>$YUN_],>+0_'.DZW::7J%RJG7-"72_$-L\EEJUG-/^0_\`P=OC/_!&3XH`
M8^;XU_`0?-@#)\;(!U[YZ=,'!)`!-`'Z6_\`!+OPIH'Q!_X)-_L:^"/'.CZ?
MXJ\)^,_V._ASX2\7^&?$>E1WNC>(_"_B+X?0:-K.@:SHVHFYM[[2=4TB[N--
MO[2[2>VO[&::*2/R9B@_@?\`^"R'_!'/]I'_`((=?M+>'/\`@H+^P3XE\:V_
M[.6E>/;/Q)X(\<:!'<S^*OV8_%VMF73V\`^/[FU$T&J?#?Q*U]?>&]!\2ZM;
M6^CZ]H_B%?ACXOMKK5+R"^\8?W_?\$A'BE_X)@?L'20^28S^R]\(@#;^?Y6Y
M?"EBKC%T[SB17!$NX[/,W>2%BV(OW?XZ\!^#/B=X.\3_``^^(?AG1?&?@?QI
MHFH>&_%?A7Q%80:IH?B#0M5MI+34-+U/3[E'@NK2ZMY9(Y(Y%/WMRD,JL`#\
M*_\`@A;_`,%P_AA_P5H^$$GAGQ/;Z5\/?VQ/A7X8T^\^,OPOL[AY-*\3Z;#+
M;Z/+\5_AJ+K_`$N?PCJ^H7-D=8T&1[[4O`.LZO:>'M1U#5K.XT?7M:_*G_@]
MB\*6=Y^Q#^R#XXDO=22_\._M6W7A.TT]98QIES9>,OA#XUU>^O;Z%HFFFU*S
MF\!Z=#ITR7$4<%MJ&JK+!,]S%)#^#7_!7/\`X)1?M5?\$&_VM-%_;F_8:\2^
M+])_9TN_B#JOB3X5?$;PI;7VH77[/^IZGJ\LUI\%_BA_:7]LV>I>%9]/U./P
MWX9U7Q9-J5A\1M&L[W3_`!!;G5TOK>X]6_X+/_\`!9KX:?\`!73_`((X?LW:
MW/I^@_#K]IOX6?MI>#-.^.GP@TV^E:TAEN_@-\9Q9?$3P#::E?W^MS?#?Q'>
MM=6=F-2NM0U/P[K%K=:%J^H7S?V;K&M`'^G-7\5?_![&A/[$_P"R3+Y8RG[4
M>J)YGV5F*J_PL\5G;]N#A8-_E;_LI5S<M$)@\0LC&?[5*_BL_P"#V,)_PQ-^
MR5N,9?\`X:DU,ABMR943_A5?BK<J.I-FL9'E^8)PURSB/[*4A2[2@#]:_P#@
MV,_Y0:_L*_\`8)^//_K4GQOK]Z*_`;_@V"U2QO?^"('[$UG9WMI=S:/;_'G3
M-5BM[B&:73]1/[2GQAU1;*[6-V:"Z;3]2L+S[/*J3);74$CIMF1J_?F@`K_*
M_P#^#Q#PKHOAG_@KMHNM^'[&+3]8\>?LH_!;Q?XGO;54CN=6\367BSXI>!++
M4KB2)8Y'NX/#'@CPSI$<DKRR+::3:IYGEQ6\4?\`J:7=R+6.6>22**""-Y99
M96"1QH@WN\KM\J(J*Y+G`&.<G`/^9+^T+I][_P`%Y_\`@YEM?#WP9BU7Q!^S
M]\&O&/@KP;K'C^V-YJ&@Z5\$/V:7?5_'_C"2_BN-4TO3-"^(/Q(/BK2OAZ+8
M:;;ZW/XS\+F[L]/US5]6N4`/]+7P`[-X*\'AMQ;_`(13P\S%CEBQTBRY;/S;
MFR>6Y.#D`\5UKQA^^.".F<@@@@@G!![C'/Y8KVD$5ND<,"".&&)(8D!)"QQJ
MB*HR2?E557)^8[?F).#7"?%;XK^`?@IX+O\`XB?$[Q/IW@[P5I6H^&=)U'Q#
MJPNOL%GJ/C'Q3HW@KPS:W!L[:[GC_M?Q1XAT71XIO(,%O-?)-=RV]LDLR`'\
M@/\`P7Y_X-G++]K+5_'?[9_[!MC!I'[3FNWMUXF^+?P7U+5K;3_"?QIEATZ3
M[9KW@B:]C2W\-_%"_NK>U^T65]?P>&O%EU<2W#OHVL[KS4OYV/\`@E+_`,%^
M?VT_^"//Q(M?V4OVL_"?C_XC?LW>#-?7PKXO^!GQ-&M:1\8/V?H?*>.67X3S
M^)L7.AV.E/<6^K/\.=8M6\*:W8_:K;P]/X4N];7Q''_JSJB8W8&3DD[<9.23
MQDG&[)P23[U_,]_P<A?\$D/V?_VU?V-_C#^TW9^';+P3^U1^S=\/_$7Q0\*_
M$S0;;3-,O?B%H7@[0WFUCX;?$R6>%!XAT&]T33D'AO5;BY@USPKJVF:*=)U-
MO#S:WX<UL`_H/^!GQN^&?[2'PA^'/QU^#?BK3?&WPO\`BMX0T7QOX)\3:7*7
M@U+0]=LX[NV\^!U2ZT[4K-GDL-8T?4(;;5=$U>UOM(U:SL]2LKJUB]7K^-'_
M`(,L_BSXR\7_`+"W[2/PLUY=6N/#'PA_:$M'\%7UW/--I5O;>/?!UCK&N>'M
M+26ZF2"73=6TV36;Z*TM[.S*^)K.9$EN9;IQ_8;K?B?0?#LEHFN:]HNBF_:2
M.Q&KZG9Z:;QX@AF2U-Y-$)Y(A)&76/<8Q(A=?WB9`.AHI!R`?4>A'Z'D?0\T
MM`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`5_,U_P`':BL?^",?QC8KNV_&'X!,N+6&
MXV*?B)ID9D>24A[(9EV"YMUEG9O*M2OD7<S1_P!,#RJA`/<9Z@=3M`Y/<\#)
M`)P`23BOX2/^#K3_`(*8?LY_M%?LM:=^P_\`LV^(O&'Q;^*^D_M$:%XC^*Y\
M(>!_B3:^%_!MC\.=$\3V-QX<U;7]1\(Z?X;\57U]XA\0V*&R\/:SJT6CZEX<
MNDU0VVH:?%;H`9W_``9":QJC>!?V\_#YNY6T.+Q?\&]:CLC9VOD)J\^B>,[&
MXN_MJC[89I+2VAA^S2-]F6*-)419IFQ_;I\<O@E\,?VC?A/X\^!WQF\':;X\
M^%WQ.\-:IX2\:^%=4^T1VVJZ-JEN8)DCN;.:UO\`3KZ#(N-.U73;VRU32KZ*
MWO\`3;RVO;>"9/\`->_X-:_^"B_P:_X)L_$O]I?PC^V%:?$OX9_#[XW:#X&O
MO"GCZU^#GQ!\9Z3HGB?P,_BIM1T_Q);^"/#?B'QE;VFNV.M6,&C/IOAO5+*/
M4H)/[2>PMY&OD_TF_@5\>OA+^TO\,_#GQC^!_C&S\>_#;Q9!)<:!XGL;'5],
MBO%@E>WNX)M-U[3M)UG3KZQNHY;/4-.U+3K2^T^]AGL[VW@NH98D`/\`*-_X
M+._\$7/VB?\`@C%\?]&^-7P6USQWJG[,FJ>,=.UWX"_M!^&]2O-.\:?"KQE;
MW!U/2O!7C?7-`.G7_ASQUX?NK7S_``MXMLTL;#Q79PVVH:=/:Z]#K&BZ?_8=
M_P`$`_\`@XI\!_M_^%=!_9H_:]\3>%OAO^VCX<_LW1]`UW5-2TKPWX8_:7L)
M/L=CINJ>$X)CIMKIWQ8GU&9M/U_X=6"3KKCM;:]X2DNHM0U/PSX:_IF^.7P*
M^%'[2?PL\<?!+XX>!?#WQ(^%GQ%T2?0/%_@_Q+9+>Z=JMA+MDB8!OWME?Z?=
MQP:CI&JV,EOJ.D:G;VVIZ9<6FH6L%R/\QK_@JW_P;.?MJ_L$_$C7/CE^Q)X?
M^(G[1?[.&F^(T\7>#]4^%EMJ>L_'SX)O%K/VS1K#Q%X1\.>9XQ\0CPDT5I<0
M_$KP1IM[:V]C:KXA\16_A@VMS-0!_J=RL"JX;^,>V<9`Y(]<%2",G!!(X;^/
MK_@ZL^*VM?M#_LFR?L-?L\?`?]J'X[?'W1?CS\+?&_C/3?A3^SI\</%OA#P=
MX,TWPGXLU2WUK4O&FA>"+CPGK"ZU<ZOI>EZ18:;J=^SWO]M2*\5QX;OXX_CK
M_@E3_P`'37Q"\">$8O@1_P`%4?@[\;KWQ'X2>+1=#_:,\#?"W7-0U>YT_3(+
M'21HGQ9^'L.F:=JC>)-+GM;FYU+QAHDU[=ZWYLT&I^'(-4MCJ&L?V%_LG?MU
M?LJ?MR^'_$?B?]ESXK0?$W3/",NDP>*XY?"/C[P+K/AZ?7FU:/2(=6\.?$7P
MSX2\0V;:@-"U9K:2;2_+DALVEC:2WFAD<`_E]_X-E?VG(_V)_P!B>']DC]L#
MX`_M7_L]_%7Q!^U1XBE^'\OC7]DW]H:Q\+>.=+^*&E_#K3O#EQ;^++7X7KH=
MCJJ^)+?7M*U#3+^^>YM-)TFUUR2Z.G71AL/Z^/C/\6O!OP*^&/BSXL_$)O$,
M?@SP7:6>H>()O"WA'Q5XZUJWL[K5+'2UNK?POX*T?7O$NH6MK<7\-QJDUAI5
MU%I6E17NKZDUMI5A>W4'HJP;OG)`)SDJN&!R064Y.UB,*<@G:H4\<+98;ACC
MJ#STX((/&.F,]1]1UH`_RJ];T_\`:ZU#_@O[=_\`!2@_L$_MR:K\`[7]NJ/X
MNZ1JFD?LB_M#OJ>I?!G1?%L>E>&O$J:+J7@^75%U*]\!V.G>([_18RLB74MU
M8Z986\*VME#_`*6_[.O[5?PA_:GLO&M_\)I_'K)\/O$G_")>+K7QY\*_B5\*
MM4TW7E29Y;"/3OB/X5\+7]]+;K"Z73V<%Q)8-Y<5^+2XF@$OTMY3Y4AE'/S#
M&<CK\IP"&5L$$[@0""-S!T06Y#%@1D]"<DKN+,VTD-SN(.>C`!2@*AB`?FC_
M`,%4?^"8/P4_X*K?LR:K\`OBR3X9\1:5>?\`"4_"3XL:;I6FZGXC^&/C:*+R
MX]0TY;Z(27.A:Q;QIIOB[0HKFPCUS2W6,745]9V=U;?Q9?\`!.;XD?\`!8C_
M`(-W?CGXX_9W^/'[&/[1?[3G[%.J:MJ'B#Q`/@CX3\<?$SP1X95)I(;CXR_!
MOQCHVA:QX?T.*YMH'O?%7@GQ0G@^;Q"((IM7_L/5+*WU6O\`2#`PNWK\N,\^
MF.Y)_4GW-0^2Q`Y`('49&#D%<=AM`Z[?O<J$H`_GL_:<_P""S'[)WQR_8Q_:
M$\,?`?PU^TU\4/BC\4O@;\3_`(?>`?A5IO[*'[2D/B[6_&'CCX8^*8=,T&2V
MA^%>I6UM=0Z<;K6[HR-+:PZ38W.IM,MC"UTO\H__``;*:M\??^"8O[7'QN\9
M?MB?LJ?MD_"'X#?%?X!3^$+KQSJ/[''QTU31]'^(>@_$#P?K7A&?Q'JUI\/)
MM7\/Z$^@OXZL9;F`26$^KWNB)JMMLMK.\L?],KR7SG?R226`VL>NW!)8KC/S
M`8#,=PV#*,GD/M*ED_@VE5*CY.@9<\H#R$W=&*;N-Q`.!\$^*_"GQ?\`AWX=
M\9Z%#<ZIX*^(OA2QUK2[?Q#X?U30[C4?#_B73$GABUCPUXDT^QU33S<V%R$N
MM+U;3H)DCD:&:VX_>?PE_P#!:_\`X-@?'_@KQW#^VA_P2,\/:O8ZO:^)!XN\
M;?LZ>%?$MSIGBSPKXI&J+J]EX^_9\U"[FMIH+:WU/,VH^!QK45[H-Q]DOO!2
MRZ8UQHNC_P!^D<)0Y)'7.1U;ECAB>3R21R<9(QQN:1U+8P0,9SG)!SVP",Y&
M>IP.#@T`?QE?\$TO^#@O]J;X3>$?"_P*_P""QG[''[8'PY\4:'I=[HOA_P#:
MNA_9J^*SZ;\0CX=O-,TV3_A8OA"R\&6]VNN6MM>6IU;Q[X'76='U"ZFMKG4]
M"THZ@FI7'"?\'-?[2UY^W[^Q!\*?@%^Q#\$_VL/CWXHN?VA/"?Q"\>KX1_8[
M_:#N=&T+P#H7PU\5W>G27^LZO\-;/^S=3U_5O&7@K5/#UOIIDEU;08M5O))H
M[$Q&]_ML,+'H4Z8R5)8<#/((SD@'H.%`YSP+"0<[OJ/7D$9.,DCD!B"<'G)Y
MH`_SZ/\`@AA_P5/_`&A?^"3/[('B7]FS]M'_`()>_P#!2_5?AEX1\=^*?B'X
M%^*WPU_9T\=ZG%X>TWQO+I,FJ^#O$GAWXM2_#/P]X:TJU\2Q:KKUIKVB>+_L
M^IZCXHNK>Y\+6]\LVM:Q^J_Q&_X.QO@%:>#/$\_PH_X)U_\`!3?Q%\1[?3+E
M/"6A?$/X!>"_!7@R]\0+:)J%M;^)_%'AKXN^/]?T33HK!_[6N)=,\'ZU?/9)
M&T=O;P7/]HVW]8<D6]=HXSU/.<>W4`YP<D$<=#47V<DJ2P)4G:>>"<`D<EN0
M#D;N<D%B,$`'\*GPN_X*3_M0^#?^"+OQ_P##7A_]FO\`;=^*'_!1[]KOXG?M
M/>._$GA?P9^S#^TSJOA[X-7O[3'Q(U/6%UF\\6WG@2Z\.>$]/L/@_P"(].\;
M_#7POX,GDM;FSU+PS=6,6BW&J:GK%K]L?\&EGA+0_P!G[]D/QS^SKX_^$GQM
M^#/[5^O^/_%?QR^*OA;XO?!'XK?#9[OP.UWHGP]^'VKZ7XB\;^$="T34;":T
MTIX['1M.U2[F%^/$UY!9!X=:EA_K5$)R<MGGK_%CY<@E@V>5SV![C(R56$J^
M_(ZL2!QG(')[]NF0H'&&PI4`GK\8_P#@OS^Q_HG[9_\`P2W_`&F_AW/X<U'Q
M#X]\$>%4^,7P63P[X/U7QUXNA^*_P\D;4=!TSPOX?\/Z5K7B.6_\;6$VK?#F
M\ET#3;O4DT3QAJKI!)'&\;_LY4$D19MP(&0`P.>0,\#!&#GG=DXQ]T]:`/\`
M.Y_X-P_VX?VG?^"6OA_XH_LZ_MU_L9_MM?#[]E/QCK$_Q)\(_&*Z_9=^/5[H
MOPE^(]RFAZ-JFC>(M'3P./L_@SQUI\*W<GB#3%EO=$\2Z3I=K=:5J>F>(Y]4
M\,_IA_P<8_M9^'?VX_\`@G+K7[-O[(GP4_:Y^/WQ/\7_`!3^$'BB?3O!/[(?
M[1[6/AGPQHKGQLNN^)-0U3X:6%I;6>M:<]C%X?MXIKFYU,W\=[9P2:=!<74'
M]B9MRP*LP(W9'&01UPX/#8.0,\;3A@Q!+.CA9,;F#`<?Q;CC@$DL<L0%W$]6
M!8CY@(P#^=__`((+?M;^'M)_8B_8H_8J^*GPD_:7^!W[2G@OX;>(/`UYX#^,
MW[.'QN\!6=]'\+S>ZCJGBJR\:^(/`5CX+_X1N_T.]TF\L;V;7D`U+4[/PO=>
M3K]Q%83?T2I]T<YZ_P`S[#ITZ4QXR2-N`.<Y+?AC!]<9]LCO4B+L4+DMC/)Z
MX))`Z#H#@=\#DDY)`.`^*WPM^'OQL^''C3X3?%?P?HOCWX<_$'P]J7A;QAX1
M\06:WNE:YH>K6TEI>V=Q$6CEC<Q2%[:\M)K>_L+E(;W3[FVO8()X_P#+U_X+
MG?\`!MM\7OV`_&(^-W['WACQY\<?V1O&.L&)M)TK3=1\7?$KX%Z_JNK21Z;X
M4\46&D65S?Z_X(N8[G3M/\*>.XA<73WXGT;Q7;V%\='U3Q-_JEU'(A<`!MO.
M>@(/'`8'JI_B`(..A%`#P0>AS_3C.#Z'!'!YK^%W_@[*\<^-OVS?!'P:_93_
M`&5?V=_VI?CKX]^!WQW\7^(_C+=>`OV:OCYK7AWP7-9^$9M`\/Z>NO6GP_F\
M/>(3XD&M7VKZ5J.CWU[:R:):6NH:9<W>EZM'.W]S\2%`0S;LMD<L<#`&"6)R
M>">-HYX44TQDL?NX))]QDYSR""<\Y&WT.<9(!_`)_P`$)O\`@LK;_P#!,C]E
M!?V'/VX/V)OVXO`>O?#?QCXN\6>%O&'A']G+Q'JMO/X?\<7D/BBZL?'OAK6_
M^$1\7Z!JVGW^J*^DZE:Z3XGLM7T;4;)KF[T5;6QM[W]R/$O_``=#_P#!,'3V
M\2Z;X%M?VM_C3XT\&F[C\3_#?X8_LJ?$]O'&B/8PW;O%K-A\0;7P%IFBR/>6
M;:9C6-8TX1WLL:WS6]I#=7-M_1CY+<`,``=QP,%B1\P.,+DMABVWGIL'WJ3R
M&*XW#)QN(4KS@AB/F/;&W=NZ?,3Q@`_C.^/O[7G_``7M_P""O%KJ_P`!/V&_
MV+?''_!.+]F?X@V=[X8\7?M&?M.W#>!_BMJ7@/7))](U>]AMKO25USP))J&A
M73M)IGPTT#QAXSMLM<^'/'$*F+5;?]T?^"2?_!(G]GK_`()+?`^?X=?"W[1X
MY^*/C8V6I?&CXY:]9"R\2?$36;(S'3[2UTQ;F\M_"W@_0DNYXM"\,V%Q<!27
MU'6+_4]7F>]K]85A90!N!XYZ[<]]J]0I[`N<>]3C@`>U`"X`Z#%?B-_P<._"
M[XZ_&+_@E/\`M"^!_P!G+PCXZ\=_%*:^^&GB'2O"WPWL;C4_&.HV'A#XB^'/
M%&HS:3IUA/!JM]-ID>E1ZI':Z,EUJTMS9VPL;66<)7[<U#)&SG(;C;C:>`3S
MU(!X.<'(;H,`8.X`_CX_8^_X.T_V8-/^'^D?#C_@II\/OCA^RC^U1X+TR'3/
MB0+KX/>)]7\%^*]6L&%F-:TG1]'AD^(7A35=7D@GO=5\+>(?`]EI&AW+26>E
M^(M7@3RH>$_;_P#^"V/C/_@JE\"O&O[#G_!&W]F/]HGX]ZM^T):7WPI^)/[2
MWB'X8^*?`7PB^&O@3Q!;?9==ETO7;Y8)+'6-6@;4=)GUKQ@/"Z:%:6>KMI>D
M>(-4N-/6V_M`$&,#((!ST`.>1GCOT);DDCY0@-((""#D<9ZDD`GK\O&?0<@J
MHP#AG%`'Y-?\$7?^"7WAG_@E%^QGX=^`,.NV7C'XI>*=37XD?';QOID=Q%HV
MO_$W6-'TNQU"R\-K=QV]V_A3PO9Z?;>'O#E[?V=EJFK:?8C5]2L--N;YM,LO
MQ'_X+A_LU?M%>-_VV+?XHV?P,^,GQK\+P:1\,(?`MCX4^'NH_&KP!XT^"&AZ
MAX&U/XK_`+.^@:%=67B#P7\&OC=XJ\3:1\3?$\GQ%\<>&8]`UG2M5^%NDV?B
M.*]BU.;PS_9$B;<Y.223ZD9.<9XR!T'&0.,XI&C+/NR`/EZ9#<')R>X/3:>,
M`?@`?'?[`/@KXE_#W]CS]G[P;\6AXMB\;:!X%@L[O3O'VHW&L>//#NA_VAJ$
MW@WPCXZUJYUGQ`^N^,?"'@U]!\,>)M=_MB]CU76]+OKZV,5M<Q1Q_9-`X`')
MQW/7\?>B@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`8R!B"<Y'I_(^QSSW]\@8;Y*8`
M&1C`&,=`<XZ<=!R.1C((/-2T4`1F)#_>ZY/S'GJ,'GIR>.@Z@`X-"1)'DKG)
MQG)].?U))/JQ)/)-244`%1^4N3UYZCC&<8R.,@XQR#VXZMF2B@"'R(^F,>F.
M,=.A`R.<GKSD@\8`7R5XZX#%@,X&3]`">YY))+$DGC$M%`"`;0!UQW.,GU)Q
M@9)Y.`![4M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
8`!1110`4444`%%%%`!1110`4444`?__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
