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Smaller Reporting Company
MANNATECH INC
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The Company grants stock options to employees, consultants, and board members at the fair market value of its common stock, on the date of grant, with a term no greater than ten years. The majority of stock options vest over two or three years. Shareholders who own 10% or more of the Company’s outstanding stock are granted incentive stock options at an exercise price that may not be less than 110% of the fair market value of the Company’s common stock on the date of grant and have a term no greater than five years.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">In February 2008, the Company’s Board of Directors approved the Mannatech, Incorporated 2008 Stock Incentive Plan, (the “2008 Plan”), which reserves up to 100,000 shares of common stock for issuance of stock options and restricted stock to our employees, board members, and consultants, plus any shares reserved under the Company’s then-existing, unexpired stock plans for which options had not yet been issued, and any shares underlying outstanding options under the then-existing stock option plans that terminate without having been exercised in full. The 2008 Plan was approved by the Company’s shareholders at the 2008 Annual Shareholders’ Meeting and was amended at the 2012 Annual Shareholders’ Meeting held May 30, 2012 to increase the number of shares of common stock subject to the plan by 100,000. At the 2014 Annual Shareholders’ Meeting, the 2008 Plan was amended again to increase the number of shares of common stock subject to the plan by 130,000. As of June 30, 2015, the 2008 Plan had 134,628 stock options available for grant before the plan expires on February 20, 2018.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company records stock-based compensation expense related to granting stock options in selling and administrative expenses. During the three months ended June 30, 2015 and 2014, the Company granted 20,000 and 15,000 stock options, respectively. The fair value of stock options granted during the three months ended June 30, 2015 ranged from $11.34 to $12.80 per share.  During the six months ended June 30, 2015 and 2014, the Company granted 20,000 and 81,000 stock options, respectively. The fair value of stock options granted during the six months ended June 30, 2015 ranged from $11.34 to $12.80 per share. 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text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">302</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 32%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total tax benefit associated with compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">43</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">30</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">86</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">90</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 32%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total net compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">118</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">94</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">215</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">212</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr></table><div> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">As of June 30, 2015, the Company expects to record compensation expense in the future as follows <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div> </div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Six months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="10" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Year ending December 31,</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">ending</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">December 31,</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2017</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2018</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total gross unrecognized compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">209</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">262</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">90</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">23</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Tax benefit associated with unrecognized compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">40</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total net unrecognized compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">163</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">222</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">78</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr></table></div>
27900000
24800000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; width: 54pt; align: right;">NOTE 4:</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; text-align: left; width: auto;">EARNINGS (LOSS) PER SHARE</td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company calculates basic Earnings Per Share (“EPS”) by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS also reflects the potential dilution that could occur if common stock were issued for awards outstanding under the 2008 Stock Incentive Plan. In determining the potential dilution effect of outstanding stock options during the three months ended June 30, 2015 and 2014, the Company used the quarter’s average common stock close price of $20.08 and $15.13 per share, respectively. In determining the potential dilution effect of outstanding stock options during the six months ended June 30, 2015 and 2014, the Company used the six month average common stock close price of $20.71 and $15.93 per share, respectively. The Company reported net income for the three and six months ended June 30, 2015. For the three and six months ended June 30, 2015, approximately 0.1 million shares of the Company’s common stock subject to options were excluded from the diluted EPS calculation, as the effect would have been antidilutive.</div></div>
1.17
-0.26
-0.17
1.58
1.15
-0.26
-0.17
1.55
491000
293000
0.25
1.837
1.248
0.268
30000
43000
86000
90000
16000
0
0
0
16000
0
0
0
16000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr style="vertical-align: top;"><td style="vertical-align: top; width: 54pt; align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left;">NOTE 8:</div></td><td style="vertical-align: top; width: auto; align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left;"> FAIR VALUE</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company utilizes fair value measurements to record fair value adjustments to certain financial assets and to determine fair value disclosures.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Fair Value Measurements and Disclosure</font> Topic 820 of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) establishes a fair value hierarchy that requires the use of observable market data, when available, and prioritizes the inputs to valuation techniques used to measure fair value in the following categories:</div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="width: 36pt;"></td><td style="font-size: 10pt; font-family: Symbol, serif; vertical-align: top; width: 18pt; align: right;">·</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; text-align: justify; width: auto;">Level 1 – Quoted unadjusted prices for identical instruments in active markets.</td></tr></table></div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="width: 36pt;"></td><td style="font-size: 10pt; font-family: Symbol, serif; vertical-align: top; width: 18pt; align: right;">·</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; text-align: justify; width: auto;">Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which all observable inputs and significant value drivers are observable in active markets.</td></tr></table></div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="width: 36pt;"></td><td style="font-size: 10pt; font-family: Symbol, serif; vertical-align: top; width: 18pt; align: right;">·</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; text-align: justify; width: auto;">Level 3 – Model-derived valuations in which one or more significant inputs or significant value drivers are unobservable, including assumptions developed by the Company.</td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The primary objective of the Company’s investment activities is to preserve principal while maximizing yields without significantly increasing risk. The investment instruments held by the Company are money market funds and interest bearing deposits for which quoted market prices are readily available. The Company considers these highly liquid investments to be cash equivalents. These investments are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company does not have any material financial liabilities that were required to be measured at fair value on a recurring basis at June 30, 2015.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The table below presents the recorded amount of financial assets measured at fair value <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands) </font>on a recurring basis as of June 30, 2015 and December 31, 2014.</div><div><br /></div><table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-top: medium none; font-family: 'Times New Roman', Times, serif; border-right: medium none; border-bottom: medium none; border-left: medium none; width: 100%;"><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center; margin-left: 7.2pt; text-indent: -7.2pt;">June 30, 2015</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 1</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 2</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 3</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Total</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Assets</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Money Market Funds – Fidelity, US</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Interest bearing deposits – various banks</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,599</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,599</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 4px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 16.2pt; text-indent: -7.2pt;">Total assets</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,617</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,617</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Amounts included in:</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Cash and cash equivalents</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13,774</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13,774</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Restricted cash</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,843</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,843</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 4px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 16.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,617</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,617</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr></table><div> </div><table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-top: medium none; font-family: 'Times New Roman', Times, serif; border-right: medium none; border-bottom: medium none; border-left: medium none; width: 100%;"><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center; margin-left: 7.2pt; text-indent: -7.2pt;">December 31, 2014</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 1</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 2</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 3</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Total</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Assets</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Money Market Funds – Fidelity, US</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">392</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">392</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Interest bearing deposits – various banks</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,322</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,322</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 4px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 16.2pt; text-indent: -7.2pt;">Total assets</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,714</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,714</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Amounts included in:</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Cash and cash equivalents</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,159</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,159</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Restricted cash</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">738</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">738</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Long-term restricted cash</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,817</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,817</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 4px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 16.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,714</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,714</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The table below presents the recorded amount of financial assets measured at fair value <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands) </font>on a recurring basis as of June 30, 2015 and December 31, 2014.</div><div><br /></div><table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-top: medium none; font-family: 'Times New Roman', Times, serif; border-right: medium none; border-bottom: medium none; border-left: medium none; width: 100%;"><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center; margin-left: 7.2pt; text-indent: -7.2pt;">June 30, 2015</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 1</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 2</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 3</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Total</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Assets</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Money Market Funds – Fidelity, US</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Interest bearing deposits – various banks</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,599</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,599</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 4px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 16.2pt; text-indent: -7.2pt;">Total assets</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,617</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,617</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Amounts included in:</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Cash and cash equivalents</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13,774</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">13,774</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Restricted cash</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,843</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,843</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 4px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 16.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,617</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20,617</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr></table><div> </div><table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; border-top: medium none; font-family: 'Times New Roman', Times, serif; border-right: medium none; border-bottom: medium none; border-left: medium none; width: 100%;"><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center; margin-left: 7.2pt; text-indent: -7.2pt;">December 31, 2014</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 1</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 2</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Level 3</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: #000000 2px solid; border-left: medium none;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Total</div></div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Assets</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none;"> </td><td colspan="2" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; border-left: medium none;"></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Money Market Funds – Fidelity, US</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">392</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">392</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Interest bearing deposits – various banks</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,322</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,322</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 4px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 16.2pt; text-indent: -7.2pt;">Total assets</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,714</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,714</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Amounts included in:</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"> </td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Cash and cash equivalents</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,159</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,159</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Restricted cash</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">738</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">738</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: medium none; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 2px; border-left: medium none; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Long-term restricted cash</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,817</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; border-left: medium none; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,817</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 2px; text-align: left; border-left: medium none; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: top; padding-bottom: 4px; border-left: medium none; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 16.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,714</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; border-left: medium none; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; border-left: medium none; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12,714</div></td><td nowrap="nowrap" valign="bottom" style="border-top: medium none; border-right: medium none; vertical-align: bottom; padding-bottom: 4px; text-align: left; border-left: medium none; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
-37000
-8000
8598000
8946000
16822000
17411000
36564000
38456000
74273000
70129000
4189000
827000
5798000
1871000
1519000
1046000
1556000
2335000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; width: 54pt; align: right;">NOTE 3:</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; text-align: left; width: auto;">INCOME TAXES</td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">For the three and six months ended June 30, 2015, the Company’s effective tax rate was 25.0% and 26.8% respectively. For the three and six months ended June 30, 2014, the Company’s effective income tax rate was 183.7% and 124.8%, respectively.  For the three and six months ended June 30, 2015 and 2014, the Company’s effective tax rate was determined based on the estimated annual effective tax rate.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The effective tax rates for the three and six months ended June 30, 2015 were lower than what would have been expected if the federal statutory rate were applied to income before taxes. Items decreasing the effective income tax rate include the favorable rate differences from foreign jurisdictions and release of valuation allowances associated with deferred tax assets of net operating loss carryforward.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The effective tax rates for the three and six months ended June 30, 2014 were higher than what would have been expected if the federal statutory rate were applied to income before taxes. Items increasing the effective income tax rate included the change in the valuation allowances associated with certain deferred tax assets and the unfavorable rate differences from foreign jurisdictions. In addition, in the second quarter 2014, it was determined a deemed intercompany dividend had occurred in 2012 and 2013 related to an intercompany working capital loan that originated in 2012; the Company recorded the expense, which is not material to the financial statements for the year. We have not initiated any further intercompany transactions like the 2012 transaction, nor do we anticipate the need for further transactions of this type.</div></div>
1259000
3959000
4000
15000
55000
-16000
1101000
-17000
3075000
0
2164000
65000
763000
177000
4825000
-1038000
896000
4242000
16000
11000
303000
97000
18000
449000
79000
-962000
200000
200000
35000
31000
36000
61000
0
0
20599000
12322000
20599000
0
0
12322000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Inventories</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Inventories consist of raw materials, finished goods, and promotional materials that are stated at the lower of cost or market (using standard costs that approximate average costs). The Company periodically reviews inventories for obsolescence, and any inventories identified as obsolete are reserved or written off.</div></div>
1798000
2142000
10615000
14467000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; width: 54pt; align: right;">NOTE 2:</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; text-align: left; width: auto;">INVENTORIES</td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Inventories consist of raw materials and finished goods, which also includes promotional materials. The Company provides an allowance for any slow-moving or obsolete inventories. Inventories at June 30, 2015 and December 31, 2014, consisted of the following <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">June 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">December 31, 2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Raw materials</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,578</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,118</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Finished goods</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">14,467</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10,615</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Inventory reserves for obsolescence</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(1,798</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2,142</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">14,247</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">10,591</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
14247000
10591000
5100000
2600000
2300000
4000000
6500000
4300000
1630000
345000
2118000
1578000
33008000
35017000
38513000
36022000
74445000
67398000
800000
700000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">Long-lived assets, which include property, equipment and construction in progress for the Company and its subsidiaries, reside in the following regions in the following amounts <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in millions)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-variant: normal; font-weight: bold; font-style: normal; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;"><u>Region</u></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">June 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">December 31, 2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">North America</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Asia/Pacific</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">EMEA</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">4.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">4.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
1000000
1000000
3500000
500000
-1174000
-1185000
7387000
4481000
4242000
-464000
-692000
3143000
0
4242000
0
0
0
-610000
-936000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; width: 54pt; align: right;">NOTE 10:</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; text-align: left;">RECENT ACCOUNTING PRONOUNCEMENTS</td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Revenue from Contracts with Customers</font> (Topic 606), which supersedes the revenue recognition requirements in Topic 605, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Revenue Recognition.</font> The core principle of the guidance is that an entity should recognize revenue to depict the transfer of goods to customers in an amount that reflects the consideration to which the entity expects in exchange for those goods. To achieve that core principle, an entity should apply the following steps:</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">-Step 1: Identify the contract(s) with a customer.</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">-Step 2: Identify the performance obligations in the contract.</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">-Step 3: Determine the transaction price.</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">-Step 4: Allocate the transaction price to the performance obligations in the contract.</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">-Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The standard is effective for the Company for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures.) Early application is not permitted.  Management is currently evaluating the impact of the Company’s pending adoption of ASU 2014-09 on the Company’s consolidated financial statements and has not yet determined the method by which the Company will adopt the standard in 2018.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">In January 2015, the FASB issued ASU No. 2015-01, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Income Statement—Extraordinary and Unusual Items</font>, which eliminates from GAAP the concept of extraordinary items. The update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Because this standard only impacts presentation and disclosure requirements, its adoption is not expected to have a material impact on the Company’s consolidated results of operations or financial condition.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">In April 2015, the FASB issued ASU No. 2015-05, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Intangibles – Goodwill and Other – Internal-Use Software </font>(Subtopic 350-40), which adds guidance to Subtopic 350-40, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Intangibles – Goodwill and Other – Internal-Use Software</font>.  The amendments in this update provide guidance to customers about whether a cloud computing arrangement includes a software license. The update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 and early adoption is permitted.  Management is currently evaluating the impact of this standard on the Company’s consolidated results of operations and financial condition.</div><div> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">In July 2015, the FASB issued ASU No. 2015-11, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Inventory (Topic 330): Simplifying the Measurement of Inventory</font>, which provides guidance to more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards (IFRS). For Mannatech, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Management is currently evaluating the impact of this standard on the Company’s consolidated results of operations and financial condition.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Other recently issued accounting pronouncements did not or are not believed by management to have a material impact on the Company’s present or future financial statements.</div></div>
12
1
35964000
33846000
67152000
68150000
4610000
600000
1979000
7121000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr style="height: 14px; vertical-align: top;"><td style="vertical-align: top; width: 54pt; align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left;">NOTE 1: </div></td><td style="vertical-align: top; width: auto; align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left;">ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Mannatech, Incorporated (together with its subsidiaries, the “Company”), located in Coppell, Texas, was incorporated in the state of Texas on November 4, 1993 and is listed on the NASDAQ Global Select Market (“Nasdaq”) under the symbol “MTEX”. The Company develops, markets, and sells high-quality, proprietary nutritional supplements, topical and skin care products, and weight-management products. We currently sell our products in three regions: (i) North America (the United States, Canada and Mexico); (ii) Europe/Middle East/Africa, (“EMEA”) (Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic of Ireland, Namibia, the Netherlands, Norway, South Africa, Spain, Sweden, and the United Kingdom); and iii) Asia/Pacific (Australia, Japan, New Zealand, the Republic of Korea, Singapore, Taiwan and Hong Kong).</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Independent associates (“associates”) purchase the Company’s products at published wholesale prices to either sell to retail customers or for personal use. Members purchase the Company’s products at a discount from published retail prices primarily for personal use.  The Company cannot distinguish products sold for personal use from other sales because it is not involved with the products after delivery, other than usual and customary product warranties and returns. Only associates are eligible to earn commissions and incentives.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the Company’s consolidated financial statements and footnotes contained herein do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“GAAP”) to be considered “complete financial statements”. However, in the opinion of the Company’s management, the accompanying unaudited consolidated financial statements and footnotes contain all adjustments, including normal recurring adjustments, considered necessary for a fair presentation of the Company’s consolidated financial information as of, and for, the periods presented. The Company cautions that its consolidated results of operations for an interim period are not necessarily indicative of its consolidated results of operations to be expected for its fiscal year. The December 31, 2014 consolidated balance sheet was included in the audited consolidated financial statements in the Company’s annual report on Form 10-K for the year ended December 31, 2014 and filed with the United States Securities and Exchange Commission (the “SEC”) on March 10, 2015 (the “2014 Annual Report”), which includes all disclosures required by GAAP. Therefore, these unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements of the Company included in the 2014 Annual Report.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Principles of Consolidation</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">The consolidated financial statements and footnotes include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Use of Estimates</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The preparation of the Company’s consolidated financial statements in accordance with generally accepted accounting principles requires the use of estimates that affect the reported value of assets, liabilities, revenues and expenses. These estimates are based on historical experience and various other factors. The Company continually evaluates the information used to make these estimates as the business and economic environment changes. Historically, actual results have not varied materially from the Company’s estimates, and the Company does not currently anticipate a significant change in its assumptions related to these estimates. However, actual results may differ from these estimates under different assumptions or conditions.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The use of estimates is pervasive throughout the consolidated financial statements, but the accounting policies and estimates considered the most significant are described in this note to the consolidated financial statements,<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Organization and Summary of Significant Accounting Policies</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">.</font></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; margin-left: 36pt;">Cash and Cash Equivalents</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company includes in its cash and cash equivalents credit card receivables due from its credit card processor, as the cash proceeds from credit card receivables are received within 24 to 72 hours of submission to the credit card processor. As of June 30, 2015 and December 31, 2014, credit card receivables were $2.4 million and $1.2 million, respectively. As of June 30, 2015 and December 31, 2014, cash and cash equivalents held in bank accounts in foreign countries totaled $27.9 million and $24.8 million, respectively. The Company invests cash in liquid instruments, such as money market funds and interest bearing deposits.  The Company also holds cash in high quality financial institutions and does not believe it has an excessive exposure to credit concentration risk.</div><div> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Restricted Cash</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company is required to restrict cash for: (i) direct selling insurance premiums and credit card sales in the Republic of Korea; (ii) reserve on credit card sales in the United States and Canada; and (iii) the Australia building lease collateral. As of June 30, 2015 and December 31, 2014, our total restricted cash was $8.8 million and $8.6 million, respectively.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Accounts Receivable</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Accounts receivable are carried at their estimated collectible amounts. Receivables are created upon shipment of an order if the credit card payment is rejected or does not match the order total. As of June 30, 2015 and December 31, 2014, receivables consisted primarily of amounts due from members and associates. The Company periodically evaluates its receivables for collectability based on historical experience, recent account activities, and the length of time receivables are past due and writes-off receivables when they become uncollectible. For each of June 30, 2015 and December 31, 2014, the Company held an allowance for doubtful accounts of $0.2 million.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Inventories</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Inventories consist of raw materials, finished goods, and promotional materials that are stated at the lower of cost or market (using standard costs that approximate average costs). The Company periodically reviews inventories for obsolescence, and any inventories identified as obsolete are reserved or written off.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Other Assets</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">As of June 30, 2015 and December 31, 2014, other assets were $4.0 million and $3.6 million, respectively, and primarily consisted of deposits for building leases in various locations of $2.0 million and $1.5 million, respectively.   Additionally, included in the June 30, 2015 and December 31, 2014 balances was $1.6 million and $1.7 million, respectively, representing a deposit with Mutual Aid Cooperative and Consumer in the Republic of Korea, an organization established by the Republic of Korea’s Fair Trade Commission to protect consumers who participate in network marketing activities. Also included in the June 30, 2015 and December 31, 2014 balances was $0.2 million of indefinite lived intangible assets relating to the Manapol® powder trademark.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Other Long-Term Liabilities</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Other long-term liabilities were $2.2 million and $2.1 million as of June 30, 2015 and December 31, 2014, respectively. As of June 30, 2015 and December 31, 2014, the Company recorded $0.8 million and $0.7 million, respectively, in other long-term liabilities related to uncertain income tax positions (see Note 8, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Income Taxes</font> of the Company’s annual report on Form 10-K for the year ended December 31, 2014, filed March 10, 2015). Certain operating leases for the Company’s regional office facilities contain a restoration clause that requires the Company to restore the premises to its original condition. Accrued restoration costs related to these leases amounted to $0.4 million at June 30, 2015 and December 31, 2014. The Company also recorded a long-term liability for estimated defined benefit obligation related to a non-U.S. defined benefit plan for its Japan operations of $0.6 million at each of June 30, 2015 and December 31, 2014 (See Note 10, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Employee Benefit Plans, </font>of the Company’s 10-K, filed March 10, 2015).</div><div> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Revenue Recognition </font>and Deferred Commissions</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company’s revenue is derived from sales of individual products, sales of its starter and renewal packs, and shipping fees. Substantially all of the Company’s product and pack sales are made to associates at published wholesale prices and to members at discounted published retail prices. The Company records revenue net of any sales taxes and records a reserve for expected sales returns based on its historical experience.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company recognizes revenue from shipped packs and products upon receipt by the customer. Corporate-sponsored event revenue is recognized when the event is held. The Company defers certain components of its revenue. At <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015 and December 31, 2014</font>, the Company’s deferred revenue was $9.8 million and $10.9 million, respectively. When participating in the Company’s loyalty program, customers earn loyalty points from qualified automatic orders, which can be applied to future purchases. The Company defers the dollar equivalent in revenue of these points until the points are applied or forfeited or expired, which includes an estimate of the percentage of the unvested loyalty points that are expected to be forfeited or expired. During the third quarter 2014, the Company modified the program to allow loyalty points to vest more quickly. The deferred revenue associated with the loyalty program at <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015 and December 31, 2014</font>, was $7.9 million and $9.7 million, respectively. Deferred revenue consisted primarily of: (i) sales of packs and products shipped but not received by the customers by the end of the respective period; (ii) revenue from the loyalty program; and (iii) prepaid registration fees from customers planning to attend a future corporate-sponsored event. In total current assets, the Company defers commissions on (i) the sales of packs and products shipped but not received by the customers by the end of the respective period and (ii) the loyalty program. Deferred commissions were $4.2 million and $4.5 million at <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015 and December 31, 2014</font>, respectively.</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty program</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; font-style: italic; text-align: right;">(in thousands)</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of January 1, 2014</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,456</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points forfeited or expired</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(4,664</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points used</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(12,348</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points vested</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19,580</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points unvested</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,679</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of December 31, 2014</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,703</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of January 1, 2015</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,703</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points forfeited or expired</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(5,310</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points used</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(7,123</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points vested</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,432</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points unvested</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4,167</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of  <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015</font></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,869</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company estimates a sales return reserve for expected sales refunds based on historical experience over a rolling six month period. If actual results differ from our estimated sales return reserve due to various factors, the amount of revenue recorded each period could be materially affected. Historically, sales returns have not materially changed through the years, as the majority of our customers who return their merchandise do so within the first 90 days after the original sale. Sales returns have historically averaged 1.5% or less of our gross sales. For the six months ended June 30, 2015 our sales return reserve consisted of the following <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Sales reserve as of January 1, 2015</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">207</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Provision related to sales made in current period</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">828</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Adjustment related to sales made in prior periods</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(28</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Actual returns or credits related to current period</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(632</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Actual returns or credits related to prior periods</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(172</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Sales reserve as of June 30, 2015</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">203</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table><div> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Shipping and Handling Costs</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company records freight and shipping fees collected from its customers as revenue. The Company records inbound freight as a component of inventory and both inbound and outbound freight as a component of cost of sales.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Commissions and Incentives</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Associates earn commissions and incentives based on their direct and indirect commissionable net sales over 13 business periods each year. Each business period equals 28 days. The Company accrues commissions and incentives when earned by associates and pays commissions on product sales three weeks following the business period end and pays commissions on its pack sales five weeks following the business period end.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss</font>)</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources and includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. The Company’s comprehensive income (loss) consists of the Company’s net income (loss), foreign currency translation adjustments from its Japan, Republic of Korea, Taiwan, Norway, Sweden, and Mexico operations, and changes in the pension obligation for its Japanese employees.</div></div>
-32000
-32000
0
-32000
566000
-274000
628000
0
0
0
0
-32000
4033000
3567000
5817000
5817000
0
0
3069000
2668000
6815000
5866000
12421000
13771000
2167000
2136000
192000
-452000
-144000
-1384000
600000
600000
1193000
1174000
0.01
0.01
0
0
0
0
1000000
1000000
0
0
29000
70000
8000
0
4900000
1000000
4100000
100000
3800000
3100000
200000
800000
194000
186000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Accounts Receivable</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Accounts receivable are carried at their estimated collectible amounts. Receivables are created upon shipment of an order if the credit card payment is rejected or does not match the order total. As of June 30, 2015 and December 31, 2014, receivables consisted primarily of amounts due from members and associates. The Company periodically evaluates its receivables for collectability based on historical experience, recent account activities, and the length of time receivables are past due and writes-off receivables when they become uncollectible. For each of June 30, 2015 and December 31, 2014, the Company held an allowance for doubtful accounts of $0.2 million.</div></div>
981000
680000
8800000
8600000
0
6843000
0
6843000
0
738000
0
738000
1515000
1511000
7045000
7297000
6992000
2750000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Revenue Recognition </font>and Deferred Commissions</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company’s revenue is derived from sales of individual products, sales of its starter and renewal packs, and shipping fees. Substantially all of the Company’s product and pack sales are made to associates at published wholesale prices and to members at discounted published retail prices. The Company records revenue net of any sales taxes and records a reserve for expected sales returns based on its historical experience.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company recognizes revenue from shipped packs and products upon receipt by the customer. Corporate-sponsored event revenue is recognized when the event is held. The Company defers certain components of its revenue. At <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015 and December 31, 2014</font>, the Company’s deferred revenue was $9.8 million and $10.9 million, respectively. When participating in the Company’s loyalty program, customers earn loyalty points from qualified automatic orders, which can be applied to future purchases. The Company defers the dollar equivalent in revenue of these points until the points are applied or forfeited or expired, which includes an estimate of the percentage of the unvested loyalty points that are expected to be forfeited or expired. During the third quarter 2014, the Company modified the program to allow loyalty points to vest more quickly. The deferred revenue associated with the loyalty program at <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015 and December 31, 2014</font>, was $7.9 million and $9.7 million, respectively. Deferred revenue consisted primarily of: (i) sales of packs and products shipped but not received by the customers by the end of the respective period; (ii) revenue from the loyalty program; and (iii) prepaid registration fees from customers planning to attend a future corporate-sponsored event. In total current assets, the Company defers commissions on (i) the sales of packs and products shipped but not received by the customers by the end of the respective period and (ii) the loyalty program. Deferred commissions were $4.2 million and $4.5 million at <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015 and December 31, 2014</font>, respectively.</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty program</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; font-style: italic; text-align: right;">(in thousands)</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of January 1, 2014</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,456</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points forfeited or expired</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(4,664</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points used</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(12,348</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points vested</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19,580</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points unvested</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,679</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of December 31, 2014</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,703</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of January 1, 2015</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,703</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points forfeited or expired</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(5,310</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points used</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(7,123</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points vested</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,432</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points unvested</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4,167</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of  <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015</font></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,869</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company estimates a sales return reserve for expected sales refunds based on historical experience over a rolling six month period. If actual results differ from our estimated sales return reserve due to various factors, the amount of revenue recorded each period could be materially affected. Historically, sales returns have not materially changed through the years, as the majority of our customers who return their merchandise do so within the first 90 days after the original sale. Sales returns have historically averaged 1.5% or less of our gross sales. For the six months ended June 30, 2015 our sales return reserve consisted of the following <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Sales reserve as of January 1, 2015</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">207</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Provision related to sales made in current period</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">828</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Adjustment related to sales made in prior periods</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(28</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Actual returns or credits related to current period</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(632</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Actual returns or credits related to prior periods</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(172</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Sales reserve as of June 30, 2015</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">203</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Consolidated net sales shipped to customers in these regions, along with pack and product sales information for the three and six months ended June 30, are as follows <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in millions, except percentages)</font>:</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="14" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Three months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="14" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Six months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Region</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">North America</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">40.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">45.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">36.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">40.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">41.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Asia/Pacific</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">23.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">50.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">21.4</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">50.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">40.4</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">45.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 20%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">EMEA</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 20%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Totals</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">46.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">46.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">91.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">89.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</div></td></tr></table></div>
P5Y
4000000
21400000
1500000
46300000
14000000
18800000
40400000
41200000
91100000
7300000
89300000
3600000
4300000
8900000
37200000
2800000
46300000
7900000
7700000
36900000
1800000
36300000
70500000
46700000
23600000
20900000
17800000
71700000
46726000
46302000
89265000
91096000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">As of June 30, 2015, the Company expects to record compensation expense in the future as follows <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div> </div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Six months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="10" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Year ending December 31,</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">ending</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">December 31,</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2017</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2018</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total gross unrecognized compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">209</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">262</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">90</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">23</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 52%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Tax benefit associated with unrecognized compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">40</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">12</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 52%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total net unrecognized compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">163</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">222</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">78</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr></table></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div>The after-tax components of accumulated other comprehensive loss, are as follows <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 90%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 54%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Foreign</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Currency</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Translation</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Pension</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Postretirement</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Benefit</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Obligation</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Accumulated</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Other</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Comprehensive </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Loss, Net</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 54%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Balance as of December 31, 2014</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(457</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">348</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(109</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 54%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Current-period change <sup style="font-size: smaller; vertical-align: text-top; line-height: 1;">1</sup></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(32</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(32</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 54%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Balance as of June 30, 2015</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(489</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;">$</td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">348</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;">$</td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(141</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr></table><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="width: 36pt;"></td><td style="vertical-align: top; width: 9pt; align: right;"><sup style="font-size: smaller; vertical-align: text-top; line-height: 1;">1</sup></td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; text-align: justify; width: auto;">No amounts reclassified from accumulated other comprehensive loss</td></tr></table></div></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div>The Company recognized compensation expense as follows for the three and six months ended June 30 <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;"> </div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 32%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Three months</div><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">ending June 30</div></div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Six months</div><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">ending June 30</div></div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 32%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 32%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total gross compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">161</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">124</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">301</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">302</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 32%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total tax benefit associated with compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">43</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">30</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">86</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: right; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">90</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 32%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total net compensation expense</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">118</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">94</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">215</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: right; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">212</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr></table></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div>Inventories at June 30, 2015 and December 31, 2014, consisted of the following <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">June 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">December 31, 2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Raw materials</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,578</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,118</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Finished goods</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">14,467</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">10,615</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Inventory reserves for obsolescence</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(1,798</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(2,142</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">14,247</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">10,591</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 36%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Three months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Six months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 36%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 36%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Consolidated product sales</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">36.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">37.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">70.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">71.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 36%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Consolidated pack sales</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">14.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 36%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Consolidated other, including freight</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 36%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Consolidated total net sales</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">46.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">46.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">91.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">89.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
1500000
2000000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; width: 54pt; align: right;">NOTE 9:</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; text-align: left; width: auto;">SEGMENT INFORMATION</td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company conducts its business as a single operating segment, consolidating all of its business units into a single reportable entity, as a seller of proprietary nutritional supplements, topical and skin care products, and weight-management products through its network marketing distribution channels operating in twenty-four countries. Each of the Company’s business units sells similar packs and products and possesses similar economic characteristics, such as selling prices and gross margins. In each country, the Company markets its products and pays commissions and incentives in similar market environments. The Company’s management reviews its financial information by country and focuses its internal reporting and analysis of revenues by packs and product sales. The Company sells its products through its independent associates and distributes its products through similar distribution channels in each country. No single independent associate has ever accounted for more than 10% of the Company’s consolidated net sales.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company operates facilities in twelve countries and sells product in twenty-four countries around the world. These facilities are located in the United States, Canada, Switzerland, Australia, the United Kingdom, Japan, the Republic of Korea (South Korea), Taiwan, South Africa, Mexico, Singapore and Hong Kong. Each facility services different geographic areas. We currently sell our products in three regions: (i) North America (the United States, Canada and Mexico); (ii) EMEA (Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic of Ireland, Namibia, the Netherlands, Norway, South Africa, Spain, Sweden and the United Kingdom); and (iii) Asia/Pacific (Australia, Japan, New Zealand, the Republic of Korea, Singapore, Taiwan and Hong Kong).</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Consolidated net sales shipped to customers in these regions, along with pack and product sales information for the three and six months ended June 30, are as follows <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in millions, except percentages)</font>:</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="14" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Three months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="14" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Six months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Region</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">North America</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">18.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">40.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">20.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">45.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">36.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">40.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">41.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Asia/Pacific</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">23.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">50.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">21.4</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">46.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">50.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">40.4</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">45.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 20%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">EMEA</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 7%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">%</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 20%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Totals</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">46.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">46.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">91.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">89.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 7%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">%</div></td></tr></table><div> </div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 36%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Three months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Six months</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 36%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 36%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Consolidated product sales</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">36.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">37.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">70.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">71.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 36%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Consolidated pack sales</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">8.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">17.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">14.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 36%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Consolidated other, including freight</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 36%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Consolidated total net sales</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">46.7</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">46.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">91.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">89.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table><div> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">Long-lived assets, which include property, equipment and construction in progress for the Company and its subsidiaries, reside in the following regions in the following amounts <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in millions)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-variant: normal; font-weight: bold; font-style: normal; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;"><u>Region</u></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">June 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">December 31, 2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">North America</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Asia/Pacific</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.8</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">EMEA</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">0.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">4.9</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">4.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">Inventory balances by region, which consist of raw materials, work in progress, finished goods, and promotional materials, as offset by obsolete inventories, were as follows <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in millions)</font>:</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;"> </div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-variant: normal; font-weight: bold; font-style: normal; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;"><u>Region</u></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">June 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">December 31, 2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">North America</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Asia/Pacific</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">EMEA</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.6</div></div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.3</div></div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">14.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">10.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
P3Y
P2Y
302000
301000
2018-02-20
81000
20000
15000
20000
100000
130000
134628
100000
10
12.80
12.80
11.34
11.34
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Shipping and Handling Costs</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company records freight and shipping fees collected from its customers as revenue. The Company records inbound freight as a component of inventory and both inbound and outbound freight as a component of cost of sales.</div></div>
29000
0
610000
0
-581000
0
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; width: 54pt; align: right;">NOTE 6:</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; text-align: left; width: auto;">SHAREHOLDERS’ EQUITY</td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;"><u>Accumulated Other Comprehensive Loss</u></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Accumulated other comprehensive loss, displayed in the Consolidated Statement of Shareholders’ Equity and Comprehensive Loss, represents net loss plus the results of certain shareholders’ equity changes not reflected in the Consolidated Statements of Operations, such as foreign currency translation and certain pension and post-retirement benefit obligations. The after-tax components of accumulated other comprehensive loss, are as follows <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 90%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 54%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Foreign</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Currency</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Translation</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Pension</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Postretirement</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Benefit</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Obligation</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Accumulated</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Other</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Comprehensive </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">Loss, Net</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 54%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Balance as of December 31, 2014</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(457</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">348</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(109</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 54%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Current-period change <sup style="font-size: smaller; vertical-align: text-top; line-height: 1;">1</sup></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(32</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">—</div></div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 9%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(32</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 54%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Balance as of June 30, 2015</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(489</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;">$</td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">348</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #cceeff;">$</td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 9%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(141</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr></table><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="width: 36pt;"></td><td style="vertical-align: top; width: 9pt; align: right;"><sup style="font-size: smaller; vertical-align: text-top; line-height: 1;">1</sup></td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; text-align: justify; width: auto;">No amounts reclassified from accumulated other comprehensive loss</td></tr></table></div></div>
35932000
31376000
-11937000
2750000
0
-109000
40672000
40408000
0
-11327000
-141000
6992000
2538000
2578000
92894
97895
11327000
11937000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Use of Estimates</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The preparation of the Company’s consolidated financial statements in accordance with generally accepted accounting principles requires the use of estimates that affect the reported value of assets, liabilities, revenues and expenses. These estimates are based on historical experience and various other factors. The Company continually evaluates the information used to make these estimates as the business and economic environment changes. Historically, actual results have not varied materially from the Company’s estimates, and the Company does not currently anticipate a significant change in its assumptions related to these estimates. However, actual results may differ from these estimates under different assumptions or conditions.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The use of estimates is pervasive throughout the consolidated financial statements, but the accounting policies and estimates considered the most significant are described in this note to the consolidated financial statements,<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Organization and Summary of Significant Accounting Policies</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">.</font></div></div>
28000
828000
207000
203000
632000
2662000
2680000
2658000
2678000
2729000
2662000
2730000
2658000
8722000
7908000
2481000
4434000
4152000
4544000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; width: 54pt; align: right;">NOTE 7:</td><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; vertical-align: top; font-weight: bold; text-align: justify; width: auto;">LITIGATION</td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: justify; text-indent: 36pt;"><u>Patent Litigation</u></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Mannatech, Incorporated v. Wellness Quest, LLC and Harley Reginald McDaniel</font>, Case No. 3:14-cv-2497, U.S. District Court, for the Northern District of Texas, Dallas Division</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">On July 11, 2014 the Company filed a patent infringement lawsuit against Wellness Quest, LLC and Dr. H. Reginald McDaniel (“Defendants”) alleging the Defendants infringe United States Patent Nos. 7,157,431 and 7,202,220, both entitled “Compositions of Plant Carbohydrates as Dietary Supplements” (the “Patents”) and seeking to stop the Defendants’ manufacture, offer, and sale of infringing glyconutritional dietary supplement products. On July 16, 2014, the Company filed a Motion for Preliminary Injunction preventing Defendants from infringing the Patents pending a final decision on the merits. On August 29, 2014, the Defendants filed their Response to Plaintiff’s Motion for Preliminary Injunction and Brief in Support along with their Answer and Affirmative Defenses. On November 4, 2014, the Court denied the Company’s Motion for Preliminary Injunction and Motion to Expedite Discovery.  On December 15, 2014, the Company deposed Dr. Reginald McDaniel. Each party has submitted its list of claim constructions/definitions and a list of the supporting authority.  Each party has filed its opening brief and its respective responsive brief. Defendants have designated an expert and the Company deposed the expert on January 27, 2015 regarding his claim construction opinions while reserving the right to examine him later regarding other matters.  Mediation on this matter was held on April 24, 2015. A settlement was not reached.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">On May 12, 2015 the Company received notice of an Order of Transfer advising that the case had been reassigned from Judge Ed Kinkeade to Judge David C. Godbey for all further proceedings. On July 20, 2015, the Court issued its <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Markman</font> ruling adopting the Company’s proposed claim construction for all disputed terms except for “dietary supplement composition” which it found needed no construction. This matter remains open.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Mannatech, Incorporated v. RBC Life Sciences, Inc. and RBC Life Sciences USA, Inc,. </font>Case No. 3:15-cv-01321-N, U.S. District Court, for the Northern District of Texas, Dallas Division</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">On April 28, 2015 the Company filed a patent infringement lawsuit against RBC Life Sciences, Inc. and RBC Life Sciences USA, Inc. (“Defendants”) alleging the Defendants infringe United States Patent Nos. 7,157,431 and 7,202,220, both entitled “Compositions of Plant Carbohydrates as Dietary Supplements” (the “Patents”) and seeking to stop their manufacture, offer, and sale of infringing glyconutritional dietary supplement products. The Defendants filed their answer and have asserted counterclaims alleging, among other things, invalidity and non-infringement. On May 12, 2015 the Company received notice of an Order of Transfer advising that the case had been reassigned from Judge Ed Kinkeade to Judge David C. Godbey for all further proceedings. The parties filed the Case Management Report with the Court on June 24, 2015. The Company filed its answer to Defendants’ counterclaims on June 29, 2015.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">On July 28, 2015, the parties filed a Joint Motion for Entry of Final Judgment with the Court seeking the entry of a Final Judgment and Permanent Injunction (“Final Judgment”).  Effective immediately under the proposed Final Judgment, the Defendants would be enjoined from making the infringing products in the United States; importing the infringing products into the United States; and marketing products marked with the trademarks VITALOE<sup style="font-size: smaller; vertical-align: text-top; line-height: 1;">®</sup> and IMMUNE 360<sup style="font-size: smaller; vertical-align: text-top; line-height: 1;">®</sup> as “glyconutrients.” After October 31, 2015, Defendants would be enjoined from selling the infringing products as currently formulated in the United States for the terms of the Patents. Subject to Defendants performance of the above obligations, the Company will release Defendants of all infringement claims asserted in the lawsuit and the Defendants, subject to the Company’s performance of its obligations under the Agreement will release the Company from all claims asserted in its counterclaims and further agree to not challenge, or cause to be challenged, the validity or enforceability of the Patents. This matter remains open until the Court issues the final order.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">These lawsuits continue the Company’s enforcement of its patent rights, and the Company intends to vigorously prosecute these matters.  Based on the previous successful patent infringement lawsuits against Country Life, LLC, Glycobiotics International, Inc., Techmedica Health, Inc., IonX Holdings, Inc., Boston Mountain Laboratories, Inc., Green Life, LLC, and Xiong Lo, the Company believes there is a strong likelihood that it will obtain permanent injunctions against the manufacture and sale of any infringing products for the duration of the Company’s patents.</div><br /><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: justify; text-indent: 36pt;"><u>Breach of Contract</u></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Diana Anselmo and New Day Today Corporation v. Mannatech, Incorporated</font>, Case No. DC-15-01904, 192nd Judicial District Court, Dallas County, Texas</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">On February 18, 2015 Ms. Diana Anselmo and New Day Today Corporation (collectively, the “Plaintiffs”) filed suit against Mannatech alleging breach of contract pertaining to a portion of  proceeds from a Mannatech Associate position once held by Ms. Anselmo’s former husband, Ray Gebauer. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Plaintiffs are seeking damages in excess of $1,000,000 and a declaration that the Company continue to pay Plaintiffs proceeds from Mr. Gebauer’s former account.</font></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; margin-left: 0.05pt; text-indent: 35.95pt;">The Company filed its answer on March 23, 2015 denying the Plaintiffs’ allegations.  The Court set the case for trial on March 7, 2016.  The Court has appointed a mediator and has ordered that mediation must be conducted no later than February 7, 2016.<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> </font>The parties remain engaged in the discovery process. It is not possible at this time to predict whether the Company will incur any liability, or to estimate the ranges of damages, if any, which may be incurred in connection with this matter. However, the Company believes it has a valid defense and will vigorously defend this claim.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;"><u>Trademark Opposition – U.S. Patent and Trademark Office (“USPTO”)</u></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left;">United States Trademark Opposition No. 91221493, Shaklee Corporation v. Mannatech, Incorporated re: UTH</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">On April 15, 2015 the Company received notice that Shaklee Corporation filed a Notice of<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> Opposition to the Company’s trademark application for UTH (stylized as Ū</font><sup style="font-size: smaller; vertical-align: text-top; line-height: 1;">th</sup>) with the USPTO. On May 19, 2015, the Company filed an answer to the opposition and also filed a counterclaim seeking to cancel Shaklee’s registration of its YOUTH mark. Shaklee filed an extension to oppose the UTH mark on June 18, 2015, and the request to extend time to oppose was granted until July 18, 2015. Shaklee filed a second extension on July 17, 2015, and the request to extend time to oppose has been granted until September 16, 2015.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">It is not possible at this time to predict the outcome of this USPTO action or whether the Company will incur any liability, or to estimate the ranges of damages, if any, which may be incurred in connection with this matter.  However, the Company believes it has a valid defense and will vigorously defend this claim. This matter will remain open until it is resolved.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: justify; text-indent: 36pt;"><u>Administrative Proceedings</u></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">On April 12, 2015, Mannatech Korea, Ltd. filed a suit against the Busan Custom Office (“BCO”) to challenge BCO’s method of calculation regarding its assessment notice issued on July 11, 2013. The assessment notice included an audit of the Company’s imported goods covering fiscal years 2008 through 2012 and required the Company to pay $1.0 million for this assessment, which was paid in January 2014. No court date has been set.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">There are other ongoing audits in various international jurisdictions that the Company does not expect will have a material effect on our financial statements.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: justify; margin-left: 36pt;"><u>Arbitration Proceeding</u></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: justify; margin-left: 36pt;"> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: justify;">Mannatech v. Samuel L. Caster and Wonder Enterprises, LLC, Demand for Arbitration</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: justify;"> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">On May 29, 2015 the Company initiated arbitration proceedings against Samuel L. Caster and Wonder Enterprises, LLC (“Respondents”) alleging breach of contract by Mr. Caster and his company, Wonder Enterprises, in a series of consulting agreements entered into by the parties. Mannatech seeks to recover actual damages, costs of court and prejudgment interest together with disgorgement of all benefits received by Caster. The Company estimates its damages to be between $500,000 and $3,500,000. On June 12, 2015 Respondents contacted the Company’s counsel to request mediation. The parties have agreed to mediate; mediation has been set for August 17, 2015.</div><div> </div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Litigation in </u></font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>General</u></font></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company is or may become subject to claims in the normal course of business. The Company believes such claims can be resolved without any material adverse effect on its consolidated financial position, results of operations, or cash flows.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">The Company maintains certain liability insurance; however, certain costs of defending lawsuits are not covered or are only partially covered by its insurance policies, including claims that are below insurance deductibles. Additionally, insurance carriers could refuse to cover certain claims, in whole or in part. The Company accrues costs to defend itself from litigation as they are incurred or as they become determinable.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The outcome of litigation is uncertain, and despite management’s views of the merits of any litigation, or the reasonableness of the Company’s estimates and reserves, the Company’s financial statements could nonetheless be materially affected by an adverse judgment. The Company believes it has adequately reserved for the contingencies arising from current legal matters where an outcome was deemed to be probable, and the loss amount could be reasonably estimated</font>.</div></div>
20.08
15.13
20.71
15.93
47000
52000
910000
-1924000
-351000
1941000
46000
262000
222000
-12000
23000
-40000
163000
0.1
17000
90000
78000
1
209000
1.1
-6000
18887000
19782000
36429000
36750000
3
5310000
4664000
1679000
4167000
0.015
7900000
9700000
400000
400000
6432000
19580000
172000
7123000
12348000
13
Three weeks
P28D
Five weeks
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div>Deferred commissions were $4.2 million and $4.5 million at <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015 and December 31, 2014</font>, respectively.</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty program</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; font-style: italic; text-align: right;">(in thousands)</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of January 1, 2014</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5,456</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points forfeited or expired</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(4,664</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points used</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(12,348</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points vested</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">19,580</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points unvested</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,679</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of December 31, 2014</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,703</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of January 1, 2015</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,703</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points forfeited or expired</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(5,310</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points used</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(7,123</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points vested</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6,432</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty points unvested</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4,167</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Loyalty deferred revenue as of  <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2015</font></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">7,869</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div>For the six months ended June 30, 2015 our sales return reserve consisted of the following <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in thousands)</font>:</div><div><br /></div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Sales reserve as of January 1, 2015</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">207</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Provision related to sales made in current period</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">828</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Adjustment related to sales made in prior periods</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(28</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Actual returns or credits related to current period</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(632</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 69%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Actual returns or credits related to prior periods</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(172</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</div></td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 69%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Sales reserve as of June 30, 2015</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">203</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
24
24
0.451
0.086
0.508
0.087
0.092
0.453
1
0.505
0.461
0.403
1
0.405
1
0.463
0.086
1
0.1
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;">Inventory balances by region, which consist of raw materials, work in progress, finished goods, and promotional materials, as offset by obsolete inventories, were as follows <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">(in millions)</font>:</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; text-indent: 36pt;"> </div><table align="center" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 80%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-variant: normal; font-weight: bold; font-style: normal; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;"><u>Region</u></div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">June 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;"> </td><td colspan="2" style="vertical-align: bottom; white-space: nowrap; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: center;">December 31, 2014</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">North America</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5.1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</div></td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.0</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Asia/Pacific</div></td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6.5</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 58%; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">EMEA</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.6</div></div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; width: 1%; background-color: #cceeff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; width: 8%; background-color: #cceeff;"><div><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.3</div></div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left; width: 1%; background-color: #cceeff;"> </td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 58%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; text-align: left; margin-left: 7.2pt; text-indent: -7.2pt;">Total</div></td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">14.2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; width: 1%; background-color: #ffffff;"> </td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; width: 1%; background-color: #ffffff;"><div>$</div></td><td valign="bottom" style="vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; width: 8%; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">10.6</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 4px; text-align: left; width: 1%; background-color: #ffffff;"> </td></tr></table></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Other Long-Term Liabilities</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">Other long-term liabilities were $2.2 million and $2.1 million as of June 30, 2015 and December 31, 2014, respectively. As of June 30, 2015 and December 31, 2014, the Company recorded $0.8 million and $0.7 million, respectively, in other long-term liabilities related to uncertain income tax positions (see Note 8, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Income Taxes</font> of the Company’s annual report on Form 10-K for the year ended December 31, 2014, filed March 10, 2015). Certain operating leases for the Company’s regional office facilities contain a restoration clause that requires the Company to restore the premises to its original condition. Accrued restoration costs related to these leases amounted to $0.4 million at June 30, 2015 and December 31, 2014. The Company also recorded a long-term liability for estimated defined benefit obligation related to a non-U.S. defined benefit plan for its Japan operations of $0.6 million at each of June 30, 2015 and December 31, 2014 (See Note 10, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Employee Benefit Plans, </font>of the Company’s 10-K, filed March 10, 2015).</div></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; font-style: italic; text-align: left; text-indent: 36pt;">Other Assets</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;">As of June 30, 2015 and December 31, 2014, other assets were $4.0 million and $3.6 million, respectively, and primarily consisted of deposits for building leases in various locations of $2.0 million and $1.5 million, respectively.   Additionally, included in the June 30, 2015 and December 31, 2014 balances was $1.6 million and $1.7 million, respectively, representing a deposit with Mutual Aid Cooperative and Consumer in the Republic of Korea, an organization established by the Republic of Korea’s Fair Trade Commission to protect consumers who participate in network marketing activities. Also included in the June 30, 2015 and December 31, 2014 balances was $0.2 million of indefinite lived intangible assets relating to the Manapol® powder trademark.</div></div>
No amounts reclassified from accumulated other comprehensive loss