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Tj ET Q q 0 0 0 rg BT 442.69 123.90 Td (Y) Tj ET Q q 0 0 0 rg BT 447.66 123.90 Td (es) Tj ET Q /GS0 gs q 7.13 0 0 8.27 458.33 122.17 cm /I21 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.46 123.90 Td (No) Tj ET Q /GS0 gs q 8.48 0 0 8.27 487.23 122.17 cm /I22 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 112.30 Td (The aggregate market value of the voting and non-voting common equity held by non-af) Tj ET Q q 0 0 0 rg BT 355.11 112.30 Td (filiates of the registrant as of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.85 112.30 Td (June30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.52 112.30 Td (, the last business ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 102.70 Td (day of the registrant) Tj ET Q q 0 0 0 rg BT 120.42 102.70 Td (s most recently completed second fiscal quarter) Tj ET Q q 0 0 0 rg BT 272.05 102.70 Td (, was approximately ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.70 102.70 Td ($2,332,871,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.70 102.70 Td ( \(based on the last reported sale price of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.20 102.70 Td ($91.65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.20 102.70 Td ( on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 93.10 Td (June30, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 98.66 93.10 Td (\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 631.52 Td (Item1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 630.1833984375 m 151.0615234375 630.1833984375 l s q 0 0 1 rg BT 115.50 631.52 Td (Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 616.52 Td (Item1A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 615.1833984375 m 165.7783203125 615.1833984375 l s q 0 0 1 rg BT 115.50 616.52 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 601.52 Td (Item1B.) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 570.1833984375 m 189.640625 570.1833984375 l s q 0 0 1 rg BT 115.50 571.52 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 556.52 Td (Item4.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 555.1833984375 m 213.8154296875 555.1833984375 l s q 0 0 1 rg BT 115.50 556.52 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 541.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 526.68 Td (PartII.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 511.52 Td (Item5.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 510.18339843750005 m 484.77734375 510.18339843750005 l s q 0 0 1 rg BT 115.50 511.52 Td (Market for Registrant) Tj ET Q q 0 0 1 rg BT 204.92 511.52 Td (s Common Equity) Tj ET Q q 0 0 1 rg BT 277.05 511.52 Td (, Related Stockholder Matters and Issuer Purchases ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 500.18339843750005 m 194.9287109375 500.18339843750005 l s q 0 0 1 rg BT 115.50 501.52 Td (of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 486.52 Td (Item6.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 485.18339843750005 m 265.734375 485.18339843750005 l s q 0 0 1 rg BT 115.50 486.52 Td (Selected Consolidated Financial Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 471.52 Td (Item7.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 470.18339843750005 m 473.791015625 470.18339843750005 l s q 0 0 1 rg BT 115.50 471.52 Td (Management) Tj ET Q q 0 0 1 rg BT 170.48 471.52 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 239.65 471.52 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 456.52 Td (Item7A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 455.18339843750005 m 357.12109375 455.18339843750005 l s q 0 0 1 rg BT 115.50 456.52 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 279.90 456.52 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 441.52 Td (Item8.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 440.18339843750005 m 300.451171875 440.18339843750005 l s q 0 0 1 rg BT 115.50 441.52 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 426.52 Td (Item9.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 425.18339843750005 m 474.3134765625 425.18339843750005 l s q 0 0 1 rg BT 115.50 426.52 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 261.31 426.52 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 325.74 426.52 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 411.52 Td (Item9A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 410.18339843750005 m 213.8154296875 410.18339843750005 l s q 0 0 1 rg BT 115.50 411.52 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 396.52 Td (Item9B.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 395.18339843750005 m 188.5322265625 395.18339843750005 l s q 0 0 1 rg BT 115.50 396.52 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 381.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 366.68 Td (PartIII.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 351.52 Td (Item10.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 350.18339843750005 m 342.9951171875 350.18339843750005 l s q 0 0 1 rg BT 115.50 351.52 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 210.56 351.52 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 336.52 Td (Item1) Tj ET Q q 0 0 0 rg BT 77.14 336.52 Td (1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 335.18339843750005 m 215.75390625 335.18339843750005 l s q 0 0 1 rg BT 115.50 336.52 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 321.52 Td (Item12.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 320.18339843750005 m 490.109375 320.18339843750005 l s q 0 0 1 rg BT 115.50 321.52 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 310.18339843750005 m 146.046875 310.18339843750005 l s q 0 0 1 rg BT 115.50 311.52 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 296.52 Td (Item13.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 295.18339843750005 m 418.1953125 295.18339843750005 l s q 0 0 1 rg BT 115.50 296.52 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 254.18 296.52 Td (T) Tj ET Q q 0 0 1 rg BT 259.93 296.52 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 281.52 Td (Item14.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 280.18339843750005 m 274.3525390625 280.18339843750005 l s q 0 0 1 rg BT 115.50 281.52 Td (Principal ) Tj ET Q q 0 0 1 rg BT 153.55 281.52 Td (Accounting Fees and Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 266.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 251.68 Td (PartIV.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 236.52 Td (Item15.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 235.18339843750005 m 291.0224609375 235.18339843750005 l s q 0 0 1 rg BT 115.50 236.52 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 221.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 206.52 Td (Signatures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.50 206.52 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553.5 645.1833984375 m 558.5 645.1833984375 l s q 0 0 1 rg BT 553.50 646.52 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 553.5 630.1833984375 m 558.5 630.1833984375 l s q 0 0 1 rg BT 553.50 631.52 Td (2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 615.1833984375 m 558.5 615.1833984375 l s q 0 0 1 rg BT 548.50 616.52 Td (15) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 600.1833984375 m 558.5 600.1833984375 l s q 0 0 1 rg BT 548.50 601.52 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 585.1833984375 m 558.5 585.1833984375 l s q 0 0 1 rg BT 548.50 586.52 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 570.1833984375 m 558.5 570.1833984375 l s q 0 0 1 rg BT 548.50 571.52 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 555.1833984375 m 558.5 555.1833984375 l s q 0 0 1 rg BT 548.50 556.52 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 525.1833984375 m 558.5 525.1833984375 l s q 0 0 1 rg BT 548.50 526.52 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 510.18339843750005 m 558.5 510.18339843750005 l s q 0 0 1 rg BT 548.50 511.52 Td (26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 485.18339843750005 m 558.5 485.18339843750005 l s q 0 0 1 rg BT 548.50 486.52 Td (30) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 470.18339843750005 m 558.5 470.18339843750005 l s q 0 0 1 rg BT 548.50 471.52 Td (31) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 455.18339843750005 m 558.5 455.18339843750005 l s q 0 0 1 rg BT 548.50 456.52 Td (47) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 440.18339843750005 m 558.5 440.18339843750005 l s q 0 0 1 rg BT 548.50 441.52 Td (49) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 425.18339843750005 m 558.5 425.18339843750005 l s q 0 0 1 rg BT 548.50 426.52 Td (83) Tj ET Q BT /F1 10.00 Tf ET 0 Tr 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/F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 335.18339843750005 m 558.5 335.18339843750005 l s q 0 0 1 rg BT 548.50 336.52 Td (85) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 320.18339843750005 m 558.5 320.18339843750005 l s q 0 0 1 rg BT 548.50 321.52 Td (85) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 295.18339843750005 m 558.5 295.18339843750005 l s q 0 0 1 rg BT 548.50 296.52 Td (85) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 280.18339843750005 m 558.5 280.18339843750005 l s q 0 0 1 rg BT 548.50 281.52 Td (85) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 250.18339843750005 m 558.5 250.18339843750005 l s q 0 0 1 rg BT 548.50 251.52 Td (86) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 235.18339843750005 m 558.5 235.18339843750005 l s q 0 0 1 rg BT 548.50 236.52 Td (86) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 205.18339843750005 m 558.5 205.18339843750005 l s q 0 0 1 rg BT 548.50 206.52 Td (86) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.75 740.25 Td (NOTE REGARDING FOR) Tj ET Q q 0 0 0 rg BT 288.07 740.25 Td (W) Tj ET Q q 0 0 0 rg BT 296.96 740.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 384.85 740.25 Td (A) Tj ET Q q 0 0 0 rg BT 391.33 740.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (This ) Tj ET Q q 0 0 0 rg BT 92.03 723.85 Td (Annual ) Tj ET Q q 0 0 0 rg BT 123.72 723.85 Td (Report ) Tj ET Q q 0 0 0 rg BT 153.18 723.85 Td (on ) Tj ET Q q 0 0 0 rg BT 165.43 723.85 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 212.40 723.85 Td (and ) Tj ET Q q 0 0 0 rg BT 229.09 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 243.55 723.85 Td (documents ) Tj ET Q q 0 0 0 rg BT 289.13 723.85 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 341.91 723.85 Td (herein ) Tj ET Q q 0 0 0 rg BT 369.14 723.85 Td (by ) Tj ET Q q 0 0 0 rg BT 381.39 723.85 Td (reference ) Tj ET Q q 0 0 0 rg BT 420.82 723.85 Td (contain ) Tj ET Q q 0 0 0 rg BT 452.50 723.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 520.29 723.85 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.85 Td (within ) Tj ET Q q 0 0 0 rg BT 77.40 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 91.97 711.85 Td (meaning ) Tj ET Q q 0 0 0 rg BT 128.75 711.85 Td (of ) Tj ET Q q 0 0 0 rg BT 139.43 711.85 Td (Section27A) Tj ET Q q 0 0 0 rg BT 188.59 711.85 Td ( ) Tj ET Q q 0 0 0 rg BT 190.94 711.85 Td (of ) Tj ET Q q 0 0 0 rg BT 201.62 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 216.18 711.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 257.45 711.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 274.23 711.85 Td (of ) Tj ET Q q 0 0 0 rg BT 284.91 711.85 Td (1933, ) Tj ET Q q 0 0 0 rg BT 309.76 711.85 Td (as ) Tj ET Q q 0 0 0 rg BT 320.43 711.85 Td (amended, ) Tj ET Q q 0 0 0 rg BT 361.38 711.85 Td (and ) Tj ET Q q 0 0 0 rg BT 378.16 711.85 Td (Section21E ) Tj ET Q q 0 0 0 rg BT 429.11 711.85 Td (of ) Tj ET Q q 0 0 0 rg BT 439.79 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 454.36 711.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 496.14 711.85 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 537.39 711.85 Td (Act ) Tj ET Q q 0 0 0 rg BT 554.18 711.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.85 Td (1934, ) Tj ET Q q 0 0 0 rg BT 74.91 699.85 Td (as ) Tj ET Q q 0 0 0 rg BT 86.16 699.85 Td (amended, ) Tj ET Q q 0 0 0 rg BT 127.66 699.85 Td (which ) Tj ET Q q 0 0 0 rg BT 155.01 699.85 Td (are ) Tj ET Q q 0 0 0 rg BT 170.13 699.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 201.37 699.85 Td (to ) Tj ET Q q 0 0 0 rg BT 212.06 699.85 Td (the ) Tj ET Q q 0 0 0 rg BT 227.19 699.85 Td (safe ) Tj ET Q q 0 0 0 rg BT 250.64 699.85 Td (harbor ) Tj ET Q q 0 0 0 rg BT 284.09 699.85 Td (created ) Tj ET Q q 0 0 0 rg BT 315.86 699.85 Td (by ) Tj ET Q q 0 0 0 rg BT 328.78 699.85 Td (those ) Tj ET Q q 0 0 0 rg BT 352.80 699.85 Td (sections. ) Tj ET Q q 0 0 0 rg BT 390.22 699.85 Td (These ) Tj ET Q q 0 0 0 rg BT 417.01 699.85 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 485.46 699.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 530.58 699.85 Td (include, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.85 Td (but ) Tj ET Q q 0 0 0 rg BT 64.62 687.85 Td (are ) Tj ET Q q 0 0 0 rg BT 79.17 687.85 Td (not ) Tj ET Q q 0 0 0 rg BT 94.29 687.85 Td (limited ) Tj ET Q q 0 0 0 rg BT 124.96 687.85 Td (to, ) Tj ET Q q 0 0 0 rg BT 137.58 687.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 182.13 687.85 Td (concerning ) Tj ET Q q 0 0 0 rg BT 228.90 687.85 Td (our ) Tj ET Q q 0 0 0 rg BT 244.57 687.85 Td (strategy) Tj ET Q q 0 0 0 rg BT 275.57 687.85 Td (, ) Tj ET Q q 0 0 0 rg BT 280.42 687.85 Td (future ) Tj ET Q q 0 0 0 rg BT 306.63 687.85 Td (operations, ) Tj ET Q q 0 0 0 rg BT 353.13 687.85 Td (future ) Tj ET Q q 0 0 0 rg BT 379.35 687.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.67 687.85 Td (performance, ) Tj ET Q q 0 0 0 rg BT 472.03 687.85 Td (future ) Tj ET Q q 0 0 0 rg BT 498.25 687.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 538.63 687.85 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.85 Td (profitability) Tj ET Q q 0 0 0 rg BT 96.62 675.85 Td (, ) Tj ET Q q 0 0 0 rg BT 102.28 675.85 Td (future ) Tj ET Q q 0 0 0 rg BT 129.32 675.85 Td (products ) Tj ET Q q 0 0 0 rg BT 166.92 675.85 Td (and ) Tj ET Q q 0 0 0 rg BT 184.53 675.85 Td (services, ) Tj ET Q q 0 0 0 rg BT 222.40 675.85 Td (projected ) Tj ET Q q 0 0 0 rg BT 262.76 675.85 Td (costs, ) Tj ET Q q 0 0 0 rg BT 288.42 675.85 Td (expectations ) Tj ET Q q 0 0 0 rg BT 341.57 675.85 Td (regarding ) Tj ET Q q 0 0 0 rg BT 383.05 675.85 Td (demand ) Tj ET Q q 0 0 0 rg BT 417.86 675.85 Td (and ) Tj ET Q q 0 0 0 rg BT 435.47 675.85 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 482.48 675.85 Td (of ) Tj ET Q q 0 0 0 rg BT 493.97 675.85 Td (our ) Tj ET Q q 0 0 0 rg BT 510.46 675.85 Td (products ) Tj ET Q q 0 0 0 rg BT 548.06 675.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.85 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.15 663.85 Td (growth ) Tj ET Q q 0 0 0 rg BT 118.43 663.85 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 176.65 663.85 Td (our ) Tj ET Q q 0 0 0 rg BT 192.93 663.85 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 238.92 663.85 Td (future ) Tj ET Q q 0 0 0 rg BT 265.74 663.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 307.56 663.85 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 354.67 663.85 Td (trends ) Tj ET Q q 0 0 0 rg BT 382.06 663.85 Td (in ) Tj ET Q q 0 0 0 rg BT 392.78 663.85 Td (the ) Tj ET Q q 0 0 0 rg BT 407.94 663.85 Td (market ) Tj ET Q q 0 0 0 rg BT 438.66 663.85 Td (in ) Tj ET Q q 0 0 0 rg BT 449.38 663.85 Td (which ) Tj ET Q q 0 0 0 rg BT 476.77 663.85 Td (we ) Tj ET Q q 0 0 0 rg BT 491.37 663.85 Td (operate, ) Tj ET Q q 0 0 0 rg BT 526.24 663.85 Td (the ) Tj ET Q q 0 0 0 rg BT 541.41 663.85 Td (plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.85 Td (and ) Tj ET Q q 0 0 0 rg BT 66.74 651.85 Td (objectives ) Tj ET Q q 0 0 0 rg BT 110.09 651.85 Td (of ) Tj ET Q q 0 0 0 rg BT 121.22 651.85 Td (management ) Tj ET Q q 0 0 0 rg BT 175.11 651.85 Td (and ) Tj ET Q q 0 0 0 rg BT 192.35 651.85 Td (the ) Tj ET Q q 0 0 0 rg BT 207.37 651.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 252.39 651.85 Td (set ) Tj ET Q q 0 0 0 rg BT 266.30 651.85 Td (forth ) Tj ET Q q 0 0 0 rg BT 288.54 651.85 Td (in ) Tj ET Q q 0 0 0 rg BT 299.12 651.85 Td (the ) Tj ET Q q 0 0 0 rg BT 314.14 651.85 Td (section ) Tj ET Q q 0 0 0 rg BT 345.27 651.85 Td (captioned ) Tj ET Q q 0 0 0 rg BT 386.94 651.85 Td (Management) Tj ET Q q 0 0 0 rg BT 446.36 651.85 Td (s ) Tj ET Q q 0 0 0 rg BT 453.05 651.85 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 499.75 651.85 Td (and ) Tj ET Q q 0 0 0 rg BT 516.37 651.85 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 554.17 651.85 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 639.85 Td (Condition ) Tj ET Q q 0 0 0 rg BT 131.72 639.85 Td (and ) Tj ET Q q 0 0 0 rg BT 148.66 639.85 Td (Results ) Tj ET Q q 0 0 0 rg BT 180.60 639.85 Td (of ) Tj ET Q q 0 0 0 rg BT 191.43 639.85 Td (Operations ) Tj ET Q q 0 0 0 rg BT 242.25 639.85 Td (in ) Tj ET Q q 0 0 0 rg BT 252.53 639.85 Td (this ) Tj ET Q q 0 0 0 rg BT 269.48 639.85 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 623.45 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 143.09 623.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 188.12 623.45 Td (may ) Tj ET Q q 0 0 0 rg BT 208.16 623.45 Td (include ) Tj ET Q q 0 0 0 rg BT 240.41 623.45 Td (words ) Tj ET Q q 0 0 0 rg BT 267.67 623.45 Td (such ) Tj ET Q q 0 0 0 rg BT 288.82 623.45 Td (as ) Tj ET Q q 0 0 0 rg BT 299.97 623.45 Td (may) Tj ET Q q 0 0 0 rg BT 320.98 623.45 Td (, ) Tj ET Q q 0 0 0 rg BT 330.74 623.45 Td (will, ) Tj ET Q q 0 0 0 rg BT 360.49 623.45 Td (should, ) Tj ET Q q 0 0 0 rg BT 401.36 623.45 Td (expect, ) Tj ET Q q 0 0 0 rg BT 441.65 623.45 Td (plan, ) Tj ET Q q 0 0 0 rg BT 473.06 623.45 Td (intend, ) Tj ET Q q 0 0 0 rg BT 512.25 623.45 Td (anticipate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.45 Td (believe, ) Tj ET Q q 0 0 0 rg BT 91.17 611.45 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 137.29 611.45 Td (predict, ) Tj ET Q q 0 0 0 rg BT 177.85 611.45 Td (potential, ) Tj ET Q q 0 0 0 rg BT 225.64 611.45 Td (continue ) Tj ET Q q 0 0 0 rg BT 270.37 611.45 Td (or ) Tj ET Q q 0 0 0 rg BT 280.12 611.45 Td (other ) Tj ET Q q 0 0 0 rg BT 302.09 611.45 Td (wording ) Tj ET Q q 0 0 0 rg BT 336.84 611.45 Td (indicating ) Tj ET Q q 0 0 0 rg BT 378.25 611.45 Td (future ) Tj ET Q q 0 0 0 rg BT 403.55 611.45 Td (results ) Tj ET Q q 0 0 0 rg BT 431.08 611.45 Td (or ) Tj ET Q q 0 0 0 rg BT 440.83 611.45 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 494.73 611.45 Td (Forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.45 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.13 599.45 Td (are ) Tj ET Q q 0 0 0 rg BT 106.76 599.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 136.50 599.45 Td (to ) Tj ET Q q 0 0 0 rg BT 145.70 599.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 166.01 599.45 Td (and ) Tj ET Q q 0 0 0 rg BT 181.86 599.45 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 236.87 599.45 Td (and ) Tj ET Q q 0 0 0 rg BT 252.73 599.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 278.02 599.45 Td (events ) Tj ET Q q 0 0 0 rg BT 304.98 599.45 Td (or ) Tj ET Q q 0 0 0 rg BT 314.73 599.45 Td (results ) Tj ET Q q 0 0 0 rg BT 342.26 599.45 Td (may ) Tj ET Q q 0 0 0 rg BT 360.89 599.45 Td (dif) Tj ET Q q 0 0 0 rg BT 371.82 599.45 Td (fer ) Tj ET Q q 0 0 0 rg BT 384.34 599.45 Td (materially) Tj ET Q q 0 0 0 rg BT 424.23 599.45 Td (. ) Tj ET Q q 0 0 0 rg BT 428.04 599.45 Td (These ) Tj ET Q q 0 0 0 rg BT 453.34 599.45 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 520.29 599.45 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.45 Td (involve ) Tj ET Q q 0 0 0 rg BT 81.43 587.45 Td (risks ) Tj ET Q q 0 0 0 rg BT 102.25 587.45 Td (and ) Tj ET Q q 0 0 0 rg BT 118.62 587.45 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 171.63 587.45 Td (that ) Tj ET Q q 0 0 0 rg BT 188.56 587.45 Td (could ) Tj ET Q q 0 0 0 rg BT 212.71 587.45 Td (cause ) Tj ET Q q 0 0 0 rg BT 236.84 587.45 Td (our ) Tj ET Q q 0 0 0 rg BT 252.10 587.45 Td (actual ) Tj ET Q q 0 0 0 rg BT 277.91 587.45 Td (results ) Tj ET Q q 0 0 0 rg BT 305.95 587.45 Td (to ) Tj ET Q q 0 0 0 rg BT 315.65 587.45 Td (dif) Tj ET Q q 0 0 0 rg BT 326.58 587.45 Td (fer ) Tj ET Q q 0 0 0 rg BT 339.61 587.45 Td (materially ) Tj ET Q q 0 0 0 rg BT 382.08 587.45 Td (from ) Tj ET Q q 0 0 0 rg BT 403.45 587.45 Td (those ) Tj ET Q q 0 0 0 rg BT 426.48 587.45 Td (in ) Tj ET Q q 0 0 0 rg BT 436.19 587.45 Td (the ) Tj ET Q q 0 0 0 rg BT 450.34 587.45 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 517.81 587.45 Td (statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 575.45 Td (including, ) Tj ET Q q 0 0 0 rg BT 92.27 575.45 Td (without ) Tj ET Q q 0 0 0 rg BT 125.33 575.45 Td (limitation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 558.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 558.45 Td (outages ) Tj ET Q q 0 0 0 rg BT 137.59 558.45 Td (and ) Tj ET Q q 0 0 0 rg BT 155.56 558.45 Td (other ) Tj ET Q q 0 0 0 rg BT 179.65 558.45 Td (system ) Tj ET Q q 0 0 0 rg BT 210.97 558.45 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 265.61 558.45 Td (in ) Tj ET Q q 0 0 0 rg BT 276.93 558.45 Td (our ) Tj ET Q q 0 0 0 rg BT 293.80 558.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 342.88 558.45 Td (software, ) Tj ET Q q 0 0 0 rg BT 383.35 558.45 Td (the ) Tj ET Q q 0 0 0 rg BT 399.11 558.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 421.53 558.45 Td (Mae ) Tj ET Q q 0 0 0 rg BT 442.83 558.45 Td (Network ) Tj ET Q q 0 0 0 rg BT 481.36 558.45 Td (service ) Tj ET Q q 0 0 0 rg BT 513.22 558.45 Td (or ) Tj ET Q q 0 0 0 rg BT 525.09 558.45 Td (our ) Tj ET Q q 0 0 0 rg BT 541.96 558.45 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 546.45 Td (services ) Tj ET Q q 0 0 0 rg BT 138.21 546.45 Td (and ) Tj ET Q q 0 0 0 rg BT 155.15 546.45 Td (any ) Tj ET Q q 0 0 0 rg BT 172.08 546.45 Td (related ) Tj ET Q q 0 0 0 rg BT 201.79 546.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 231.50 546.45 Td (on ) Tj ET Q q 0 0 0 rg BT 244.00 546.45 Td (our ) Tj ET Q q 0 0 0 rg BT 259.83 546.45 Td (reputation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 529.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 529.45 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 153.21 529.45 Td (in ) Tj ET Q q 0 0 0 rg BT 163.49 529.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 203.75 529.45 Td (lending ) Tj ET Q q 0 0 0 rg BT 236.25 529.45 Td (volume;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 512.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 512.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 512.45 Td (volume ) Tj ET Q q 0 0 0 rg BT 150.71 512.45 Td (of ) Tj ET Q q 0 0 0 rg BT 161.54 512.45 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 205.70 512.45 Td (originated ) Tj ET Q q 0 0 0 rg BT 248.74 512.45 Td (by ) Tj ET Q q 0 0 0 rg BT 261.24 512.45 Td (our ) Tj ET Q q 0 0 0 rg BT 277.07 512.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 325.12 512.45 Td (users;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 495.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 495.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 495.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 147.93 495.45 Td (of ) Tj ET Q q 0 0 0 rg BT 158.76 495.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 193.47 495.45 Td (in ) Tj ET Q q 0 0 0 rg BT 203.74 495.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 244.01 495.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 275.94 495.45 Td (rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 478.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 478.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 137.44 478.45 Td (in ) Tj ET Q q 0 0 0 rg BT 146.96 478.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 186.45 478.45 Td (originator) Tj ET Q q 0 0 0 rg BT 225.49 478.45 Td (, ) Tj ET Q q 0 0 0 rg BT 229.72 478.45 Td (lender) Tj ET Q q 0 0 0 rg BT 254.31 478.45 Td (, ) Tj ET Q q 0 0 0 rg BT 258.54 478.45 Td (investor ) Tj ET Q q 0 0 0 rg BT 292.49 478.45 Td (or ) Tj ET Q q 0 0 0 rg BT 302.56 478.45 Td (service ) Tj ET Q q 0 0 0 rg BT 332.61 478.45 Td (provider ) Tj ET Q q 0 0 0 rg BT 368.22 478.45 Td (behavior ) Tj ET Q q 0 0 0 rg BT 404.94 478.45 Td (and ) Tj ET Q q 0 0 0 rg BT 421.11 478.45 Td (any ) Tj ET Q q 0 0 0 rg BT 437.29 478.45 Td (related ) Tj ET Q q 0 0 0 rg BT 466.22 478.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 495.17 478.45 Td (on ) Tj ET Q q 0 0 0 rg BT 506.91 478.45 Td (the ) Tj ET Q q 0 0 0 rg BT 520.86 478.45 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 466.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 143.76 466.45 Td (industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 449.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 449.45 Td (our ) Tj ET Q q 0 0 0 rg BT 119.33 449.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.38 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 157.66 449.45 Td (accurately ) Tj ET Q q 0 0 0 rg BT 201.24 449.45 Td (forecast ) Tj ET Q q 0 0 0 rg BT 235.38 449.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 273.42 449.45 Td (and ) Tj ET Q q 0 0 0 rg BT 290.36 449.45 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 346.17 449.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 365.89 449.45 Td (our ) Tj ET Q q 0 0 0 rg BT 381.72 449.45 Td (expenses; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 432.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 432.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 432.45 Td (number ) Tj ET Q q 0 0 0 rg BT 151.26 432.45 Td (of ) Tj ET Q q 0 0 0 rg BT 162.09 432.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 210.14 432.45 Td (users, ) Tj ET Q q 0 0 0 rg BT 235.69 432.45 Td (including ) Tj ET Q q 0 0 0 rg BT 275.97 432.45 Td (contracted ) Tj ET Q q 0 0 0 rg BT 320.11 432.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 368.15 432.45 Td (users;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 415.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 415.45 Td (the ) Tj ET Q q 0 0 0 rg BT 117.79 415.45 Td (ef) Tj ET Q q 0 0 0 rg BT 125.38 415.45 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 171.87 415.45 Td (of ) Tj ET Q q 0 0 0 rg BT 182.28 415.45 Td (our ) Tj ET Q q 0 0 0 rg BT 197.68 415.45 Td (marketing ) Tj ET Q q 0 0 0 rg BT 240.29 415.45 Td (and ) Tj ET Q q 0 0 0 rg BT 256.81 415.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 278.32 415.45 Td (ef) Tj ET Q q 0 0 0 rg BT 285.90 415.45 Td (forts ) Tj ET Q q 0 0 0 rg BT 306.31 415.45 Td (to ) Tj ET Q q 0 0 0 rg BT 316.16 415.45 Td (attract ) Tj ET Q q 0 0 0 rg BT 343.21 415.45 Td (new ) Tj ET Q q 0 0 0 rg BT 361.94 415.45 Td (and ) Tj ET Q q 0 0 0 rg BT 378.46 415.45 Td (retain ) Tj ET Q q 0 0 0 rg BT 403.29 415.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 437.03 415.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 484.65 415.45 Td (users ) Tj ET Q q 0 0 0 rg BT 507.27 415.45 Td (and ) Tj ET Q q 0 0 0 rg BT 523.79 415.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.74 415.45 Td (Mae ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 403.45 Td (Network ) Tj ET Q q 0 0 0 rg BT 140.99 403.45 Td (participants;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 386.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 386.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 149.87 386.45 Td (volume ) Tj ET Q q 0 0 0 rg BT 182.37 386.45 Td (on ) Tj ET Q q 0 0 0 rg BT 194.87 386.45 Td (the ) Tj ET Q q 0 0 0 rg BT 209.58 386.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 230.97 386.45 Td (Mae ) Tj ET Q q 0 0 0 rg BT 251.23 386.45 Td (Network;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 369.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 369.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.33 369.45 Td (level ) Tj ET Q q 0 0 0 rg BT 140.38 369.45 Td (of ) Tj ET Q q 0 0 0 rg BT 151.33 369.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 185.60 369.45 Td (for ) Tj ET Q q 0 0 0 rg BT 199.88 369.45 Td (our ) Tj ET Q q 0 0 0 rg BT 215.83 369.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 263.99 369.45 Td (Docs ) Tj ET Q q 0 0 0 rg BT 287.16 369.45 Td (Solution, ) Tj ET Q q 0 0 0 rg BT 326.18 369.45 Td (our ) Tj ET Q q 0 0 0 rg BT 342.12 369.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 390.29 369.45 Td (Product ) Tj ET Q q 0 0 0 rg BT 424.01 369.45 Td (& ) Tj ET Q q 0 0 0 rg BT 434.41 369.45 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 465.91 369.45 Td (Service, ) Tj ET Q q 0 0 0 rg BT 501.01 369.45 Td (our ) Tj ET Q q 0 0 0 rg BT 516.96 369.45 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 357.45 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 154.32 357.45 Td (Service, ) Tj ET Q q 0 0 0 rg BT 189.31 357.45 Td (our ) Tj ET Q q 0 0 0 rg BT 205.14 357.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 253.18 357.45 Td (CRM ) Tj ET Q q 0 0 0 rg BT 277.91 357.45 Td (service ) Tj ET Q q 0 0 0 rg BT 308.73 357.45 Td (and ) Tj ET Q q 0 0 0 rg BT 325.67 357.45 Td (the ) Tj ET Q q 0 0 0 rg BT 340.38 357.45 Td (other ) Tj ET Q q 0 0 0 rg BT 363.43 357.45 Td (services ) Tj ET Q q 0 0 0 rg BT 398.14 357.45 Td (we ) Tj ET Q q 0 0 0 rg BT 412.30 357.45 Td (of) Tj ET Q q 0 0 0 rg BT 420.45 357.45 Td (fer;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 340.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 340.45 Td (our ) Tj ET Q q 0 0 0 rg BT 119.33 340.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.38 340.45 Td (to ) Tj ET Q q 0 0 0 rg BT 157.66 340.45 Td (secure ) Tj ET Q q 0 0 0 rg BT 185.70 340.45 Td (the ) Tj ET Q q 0 0 0 rg BT 200.41 340.45 Td (confidential ) Tj ET Q q 0 0 0 rg BT 250.67 340.45 Td (information ) Tj ET Q q 0 0 0 rg BT 300.38 340.45 Td (of ) Tj ET Q q 0 0 0 rg BT 311.21 340.45 Td (the ) Tj ET Q q 0 0 0 rg BT 325.93 340.45 Td (customers ) Tj ET Q q 0 0 0 rg BT 368.98 340.45 Td (of ) Tj ET Q q 0 0 0 rg BT 379.81 340.45 Td (the ) Tj ET Q q 0 0 0 rg BT 394.53 340.45 Td (users ) Tj ET Q q 0 0 0 rg BT 417.58 340.45 Td (of ) Tj ET Q q 0 0 0 rg BT 428.41 340.45 Td (our ) Tj ET Q q 0 0 0 rg BT 444.24 340.45 Td (software ) Tj ET Q q 0 0 0 rg BT 481.17 340.45 Td (and ) Tj ET Q q 0 0 0 rg BT 498.10 340.45 Td (services;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 323.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 323.45 Td (our ) Tj ET Q q 0 0 0 rg BT 119.89 323.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 148.49 323.45 Td (to ) Tj ET Q q 0 0 0 rg BT 159.33 323.45 Td (enhance ) Tj ET Q q 0 0 0 rg BT 195.14 323.45 Td (the ) Tj ET Q q 0 0 0 rg BT 210.41 323.45 Td (features ) Tj ET Q q 0 0 0 rg BT 245.11 323.45 Td (and ) Tj ET Q q 0 0 0 rg BT 262.60 323.45 Td (functionality ) Tj ET Q q 0 0 0 rg BT 316.76 323.45 Td (of ) Tj ET Q q 0 0 0 rg BT 328.14 323.45 Td (our ) Tj ET Q q 0 0 0 rg BT 344.53 323.45 Td (software ) Tj ET Q q 0 0 0 rg BT 382.01 323.45 Td (and ) Tj ET Q q 0 0 0 rg BT 399.51 323.45 Td (services, ) Tj ET Q q 0 0 0 rg BT 437.27 323.45 Td (including ) Tj ET Q q 0 0 0 rg BT 478.10 323.45 Td (the ) Tj ET Q q 0 0 0 rg BT 493.37 323.45 Td (development ) Tj ET Q q 0 0 0 rg BT 548.08 323.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 311.45 Td (successful ) Tj ET Q q 0 0 0 rg BT 147.10 311.45 Td (deployment ) Tj ET Q q 0 0 0 rg BT 196.81 311.45 Td (of ) Tj ET Q q 0 0 0 rg BT 207.64 311.45 Td (our ) Tj ET Q q 0 0 0 rg BT 223.47 311.45 Td (next ) Tj ET Q q 0 0 0 rg BT 243.19 311.45 Td (generation ) Tj ET Q q 0 0 0 rg BT 287.89 311.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 335.94 311.45 Td (platform;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 294.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 294.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 294.45 Td (timing ) Tj ET Q q 0 0 0 rg BT 146.83 294.45 Td (of ) Tj ET Q q 0 0 0 rg BT 157.66 294.45 Td (the ) Tj ET Q q 0 0 0 rg BT 172.38 294.45 Td (introduction ) Tj ET Q q 0 0 0 rg BT 223.76 294.45 Td (and ) Tj ET Q q 0 0 0 rg BT 240.70 294.45 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 287.04 294.45 Td (of ) Tj ET Q q 0 0 0 rg BT 297.88 294.45 Td (new ) Tj ET Q q 0 0 0 rg BT 317.04 294.45 Td (software ) Tj ET Q q 0 0 0 rg BT 353.96 294.45 Td (and ) Tj ET Q q 0 0 0 rg BT 370.90 294.45 Td (services;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 277.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 277.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 138.42 277.45 Td (in ) Tj ET Q q 0 0 0 rg BT 148.91 277.45 Td (government ) Tj ET Q q 0 0 0 rg BT 199.38 277.45 Td (regulation ) Tj ET Q q 0 0 0 rg BT 242.63 277.45 Td (af) Tj ET Q q 0 0 0 rg BT 250.22 277.45 Td (fecting ) Tj ET Q q 0 0 0 rg BT 280.69 277.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 321.17 277.45 Td (lenders ) Tj ET Q q 0 0 0 rg BT 352.75 277.45 Td (and ) Tj ET Q q 0 0 0 rg BT 369.90 277.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 391.49 277.45 Td (Mae ) Tj ET Q q 0 0 0 rg BT 411.97 277.45 Td (Network ) Tj ET Q q 0 0 0 rg BT 449.67 277.45 Td (participants ) Tj ET Q q 0 0 0 rg BT 499.03 277.45 Td (or ) Tj ET Q q 0 0 0 rg BT 510.07 277.45 Td (our ) Tj ET Q q 0 0 0 rg BT 526.11 277.45 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 265.45 Td (and ) Tj ET Q q 0 0 0 rg BT 120.44 265.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 157.93 265.45 Td (structural ) Tj ET Q q 0 0 0 rg BT 198.19 265.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 232.90 265.45 Td (in ) Tj ET Q q 0 0 0 rg BT 243.18 265.45 Td (the ) Tj ET Q q 0 0 0 rg BT 257.89 265.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 278.18 265.45 Td (residential ) Tj ET Q q 0 0 0 rg BT 322.33 265.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 362.59 265.45 Td (industry;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 248.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 248.45 Td (customer ) Tj ET Q q 0 0 0 rg BT 142.66 248.45 Td (retention, ) Tj ET Q q 0 0 0 rg BT 183.20 248.45 Td (renewal ) Tj ET Q q 0 0 0 rg BT 217.34 248.45 Td (and ) Tj ET Q q 0 0 0 rg BT 234.28 248.45 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 268.99 248.45 Td (rates; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 231.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 231.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 231.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 158.47 231.45 Td (time, ) Tj ET Q q 0 0 0 rg BT 181.24 231.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 199.85 231.45 Td (and ) Tj ET Q q 0 0 0 rg BT 216.79 231.45 Td (complexity ) Tj ET Q q 0 0 0 rg BT 264.28 231.45 Td (that ) Tj ET Q q 0 0 0 rg BT 281.78 231.45 Td (may ) Tj ET Q q 0 0 0 rg BT 301.49 231.45 Td (be ) Tj ET Q q 0 0 0 rg BT 313.43 231.45 Td (required ) Tj ET Q q 0 0 0 rg BT 349.25 231.45 Td (to ) Tj ET Q q 0 0 0 rg BT 359.53 231.45 Td (successfully ) Tj ET Q q 0 0 0 rg BT 410.90 231.45 Td (tar) Tj ET Q q 0 0 0 rg BT 421.27 231.45 Td (get ) Tj ET Q q 0 0 0 rg BT 435.99 231.45 Td (lar) Tj ET Q q 0 0 0 rg BT 446.35 231.45 Td (ger ) Tj ET Q q 0 0 0 rg BT 461.62 231.45 Td (customers; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 214.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 214.45 Td (our ) Tj ET Q q 0 0 0 rg BT 119.33 214.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.38 214.45 Td (to ) Tj ET Q q 0 0 0 rg BT 157.66 214.45 Td (scale ) Tj ET Q q 0 0 0 rg BT 180.15 214.45 Td (our ) Tj ET Q q 0 0 0 rg BT 195.98 214.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.13 214.45 Td (and ) Tj ET Q q 0 0 0 rg BT 257.07 214.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 292.32 214.45 Td (productivity ) Tj ET Q q 0 0 0 rg BT 343.71 214.45 Td (to ) Tj ET Q q 0 0 0 rg BT 353.98 214.45 Td (support ) Tj ET Q q 0 0 0 rg BT 386.48 214.45 Td (our ) Tj ET Q q 0 0 0 rg BT 402.31 214.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 436.48 214.45 Td (and ) Tj ET Q q 0 0 0 rg BT 453.42 214.45 Td (growing ) Tj ET Q q 0 0 0 rg BT 489.25 214.45 Td (customer ) Tj ET Q q 0 0 0 rg BT 528.40 214.45 Td (base;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 197.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 197.45 Td (our ) Tj ET Q q 0 0 0 rg BT 119.33 197.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.38 197.45 Td (to ) Tj ET Q q 0 0 0 rg BT 157.66 197.45 Td (successfully ) Tj ET Q q 0 0 0 rg BT 209.04 197.45 Td (manage ) Tj ET Q q 0 0 0 rg BT 242.63 197.45 Td (our ) Tj ET Q q 0 0 0 rg BT 258.46 197.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 289.29 197.45 Td (and ) Tj ET Q q 0 0 0 rg BT 306.23 197.45 Td (any ) Tj ET Q q 0 0 0 rg BT 323.17 197.45 Td (future ) Tj ET Q q 0 0 0 rg BT 349.54 197.45 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 399.82 197.45 Td (of ) Tj ET Q q 0 0 0 rg BT 410.65 197.45 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 457.87 197.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 496.49 197.45 Td (or ) Tj ET Q q 0 0 0 rg BT 507.32 197.45 Td (technologies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 180.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 180.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.64 180.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 136.56 180.45 Td (that ) Tj ET Q q 0 0 0 rg BT 154.48 180.45 Td (the ) Tj ET Q q 0 0 0 rg BT 169.62 180.45 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 216.42 180.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 250.99 180.45 Td (and ) Tj ET Q q 0 0 0 rg BT 268.36 180.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 299.61 180.45 Td (prospects ) Tj ET Q q 0 0 0 rg BT 340.30 180.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 378.76 180.45 Td (from ) Tj ET Q q 0 0 0 rg BT 401.12 180.45 Td (our ) Tj ET Q q 0 0 0 rg BT 417.38 180.45 Td (recent ) Tj ET Q q 0 0 0 rg BT 444.72 180.45 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 495.42 180.45 Td (may ) Tj ET Q q 0 0 0 rg BT 515.56 180.45 Td (not ) Tj ET Q q 0 0 0 rg BT 531.26 180.45 Td (be ) Tj ET Q q 0 0 0 rg BT 543.63 180.45 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 168.45 Td (realized ) Tj ET Q q 0 0 0 rg BT 137.64 168.45 Td (or ) Tj ET Q q 0 0 0 rg BT 148.47 168.45 Td (may ) Tj ET Q q 0 0 0 rg BT 168.19 168.45 Td (take ) Tj ET Q q 0 0 0 rg BT 187.34 168.45 Td (longer ) Tj ET Q q 0 0 0 rg BT 215.39 168.45 Td (to ) Tj ET Q q 0 0 0 rg BT 225.67 168.45 Td (realize ) Tj ET Q q 0 0 0 rg BT 254.81 168.45 Td (than ) Tj ET Q q 0 0 0 rg BT 274.53 168.45 Td (expected;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 151.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 151.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 151.45 Td (timing ) Tj ET Q q 0 0 0 rg BT 146.83 151.45 Td (of ) Tj ET Q q 0 0 0 rg BT 157.66 151.45 Td (future ) Tj ET Q q 0 0 0 rg BT 184.04 151.45 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 234.31 151.45 Td (of ) Tj ET Q q 0 0 0 rg BT 245.14 151.45 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 292.36 151.45 Td (solutions ) Tj ET Q q 0 0 0 rg BT 330.98 151.45 Td (or ) Tj ET Q q 0 0 0 rg BT 341.81 151.45 Td (technologies ) Tj ET Q q 0 0 0 rg BT 394.85 151.45 Td (and ) Tj ET Q q 0 0 0 rg BT 411.79 151.45 Td (new ) Tj ET Q q 0 0 0 rg BT 430.95 151.45 Td (product ) Tj ET Q q 0 0 0 rg BT 464.00 151.45 Td (launches;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 134.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 134.45 Td (the ) Tj ET Q q 0 0 0 rg BT 118.47 134.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 148.43 134.45 Td (of ) Tj ET Q q 0 0 0 rg BT 159.51 134.45 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 199.46 134.45 Td (domestic ) Tj ET Q q 0 0 0 rg BT 238.31 134.45 Td (and ) Tj ET Q q 0 0 0 rg BT 255.50 134.45 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 301.01 134.45 Td (economic ) Tj ET Q q 0 0 0 rg BT 342.64 134.45 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 389.55 134.45 Td (including ) Tj ET Q q 0 0 0 rg BT 430.07 134.45 Td (the ) Tj ET Q q 0 0 0 rg BT 445.04 134.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 482.78 134.45 Td (ef) Tj ET Q q 0 0 0 rg BT 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0 rg BT 147.38 88.45 Td (to ) Tj ET Q q 0 0 0 rg BT 157.66 88.45 Td (compete ) Tj ET Q q 0 0 0 rg BT 194.03 88.45 Td (ef) Tj ET Q q 0 0 0 rg BT 201.62 88.45 Td (fectively ) Tj ET Q q 0 0 0 rg BT 239.10 88.45 Td (in ) Tj ET Q q 0 0 0 rg BT 249.38 88.45 Td (a ) Tj ET Q q 0 0 0 rg BT 256.32 88.45 Td (highly ) Tj ET Q q 0 0 0 rg BT 284.37 88.45 Td (competitive ) Tj ET Q q 0 0 0 rg BT 334.08 88.45 Td (market ) Tj ET Q q 0 0 0 rg BT 364.34 88.45 Td (and ) Tj ET Q q 0 0 0 rg BT 381.28 88.45 Td (adapt ) Tj ET Q q 0 0 0 rg BT 405.44 88.45 Td (to ) Tj ET Q q 0 0 0 rg BT 415.72 88.45 Td (technological ) Tj ET Q q 0 0 0 rg BT 472.08 88.45 Td (changes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 71.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 71.45 Td (our ) Tj ET Q q 0 0 0 rg BT 119.33 71.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.38 71.45 Td (to ) Tj ET Q q 0 0 0 rg BT 157.66 71.45 Td (protect ) Tj ET Q q 0 0 0 rg BT 187.92 71.45 Td (our ) Tj ET Q q 0 0 0 rg BT 203.75 71.45 Td 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723.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.97 723.10 Td (business; ) Tj ET Q q 0 0 0 rg BT 408.14 723.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 706.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 139.61 706.10 Td (set ) Tj ET Q q 0 0 0 rg BT 153.22 706.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 175.16 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.43 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.15 706.10 Td (section ) Tj ET Q q 0 0 0 rg BT 230.98 706.10 Td (captioned ) Tj ET Q q 0 0 0 rg BT 272.35 706.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 297.63 706.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 334.00 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.28 706.10 Td (this ) Tj ET Q q 0 0 0 rg BT 361.23 706.10 Td (report. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 689.70 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 689.70 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 689.70 Td (do ) Tj ET Q q 0 0 0 rg BT 100.58 689.70 Td (not ) Tj ET Q q 0 0 0 rg BT 115.85 689.70 Td (assume ) Tj ET Q q 0 0 0 rg BT 147.79 689.70 Td (any ) Tj ET Q q 0 0 0 rg BT 164.73 689.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 207.78 689.70 Td (to ) Tj ET Q q 0 0 0 rg BT 218.06 689.70 Td (update ) Tj ET Q q 0 0 0 rg BT 247.22 689.70 Td (any ) Tj ET Q q 0 0 0 rg BT 264.16 689.70 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 332.19 689.70 Td (statements, ) Tj ET Q q 0 0 0 rg BT 379.40 689.70 Td (except ) Tj ET Q q 0 0 0 rg BT 408.00 689.70 Td (as ) Tj ET Q q 0 0 0 rg BT 418.83 689.70 Td (required ) Tj ET Q q 0 0 0 rg BT 454.64 689.70 Td (by ) Tj ET Q q 0 0 0 rg BT 467.14 689.70 Td (law) Tj ET Q q 0 0 0 rg BT 480.93 689.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 673.30 Td (In ) Tj ET Q q 0 0 0 rg BT 84.32 673.30 Td (this ) Tj ET Q q 0 0 0 rg BT 102.25 673.30 Td (report, ) Tj ET Q q 0 0 0 rg BT 132.12 673.30 Td (references ) Tj ET Q q 0 0 0 rg BT 176.68 673.30 Td (to ) Tj ET Q q 0 0 0 rg BT 187.95 673.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 214.75 673.30 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 242.95 673.30 Td (the ) Tj ET Q q 0 0 0 rg BT 263.09 673.30 Td (Company) Tj ET Q q 0 0 0 rg BT 301.33 673.30 Td (, ) Tj ET Q q 0 0 0 rg BT 311.76 673.30 Td (we, ) Tj ET Q q 0 0 0 rg BT 338.28 673.30 Td (our ) Tj ET Q q 0 0 0 rg BT 363.98 673.30 Td (or ) Tj ET Q q 0 0 0 rg BT 375.79 673.30 Td (us ) Tj ET Q q 0 0 0 rg BT 397.05 673.30 Td (refer ) Tj ET Q q 0 0 0 rg BT 419.41 673.30 Td (to ) Tj ET Q q 0 0 0 rg BT 430.67 673.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 453.04 673.30 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 476.80 673.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 495.55 673.30 Td (together ) Tj ET Q q 0 0 0 rg BT 531.81 673.30 Td (with ) Tj ET Q q 0 0 0 rg BT 553.07 673.30 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.30 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 101.72 661.30 Td (unless ) Tj ET Q q 0 0 0 rg BT 129.22 661.30 Td (the ) Tj ET Q q 0 0 0 rg BT 143.93 661.30 Td (context ) Tj ET Q q 0 0 0 rg BT 175.87 661.30 Td (requires ) Tj ET Q q 0 0 0 rg BT 210.57 661.30 Td (otherwise.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 635.30 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 635.30 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 635.30 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 635.30 Td ( I) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 600.48 Td (ITEM1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 600.48 Td (BUSINESS) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.30 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 570.30 Td ( ) Tj ET Q q 0 0 0 rg BT 69.60 570.30 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 553.30 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 553.30 Td (e ) Tj ET Q q 0 0 0 rg BT 87.95 553.30 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.54 553.30 Td (a ) Tj ET Q q 0 0 0 rg BT 109.35 553.30 Td (leading ) Tj ET Q q 0 0 0 rg BT 141.16 553.30 Td (provider ) Tj ET Q q 0 0 0 rg BT 177.42 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 188.12 553.30 Td (innovative ) Tj ET Q q 0 0 0 rg BT 232.71 553.30 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 280.08 553.30 Td (software ) Tj ET Q q 0 0 0 rg BT 316.88 553.30 Td (solutions ) Tj ET Q q 0 0 0 rg BT 355.38 553.30 Td (and ) Tj ET Q q 0 0 0 rg BT 372.19 553.30 Td (services ) Tj ET Q q 0 0 0 rg BT 406.78 553.30 Td (for ) Tj ET Q q 0 0 0 rg BT 420.81 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 435.41 553.30 Td (residential ) Tj ET Q q 0 0 0 rg BT 479.43 553.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 519.57 553.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 554.73 553.30 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.30 Td (the ) Tj ET Q q 0 0 0 rg BT 65.88 541.30 Td (United ) Tj ET Q q 0 0 0 rg BT 97.26 541.30 Td (States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.15 541.30 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.82 541.30 Td (Banks, ) Tj ET Q q 0 0 0 rg BT 159.48 541.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 186.41 541.30 Td (unions, ) Tj ET Q q 0 0 0 rg BT 219.74 541.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 261.67 541.30 Td (lenders ) Tj ET Q q 0 0 0 rg BT 294.71 541.30 Td (and ) Tj ET Q q 0 0 0 rg BT 313.32 541.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 355.25 541.30 Td (brokers ) Tj ET Q q 0 0 0 rg BT 389.40 541.30 Td (use ) Tj ET Q q 0 0 0 rg BT 406.90 541.30 Td (our ) Tj ET Q q 0 0 0 rg BT 424.39 541.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 481.70 541.30 Td (all-in-one ) Tj ET Q q 0 0 0 rg BT 524.74 541.30 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.30 Td (management ) Tj ET Q q 0 0 0 rg BT 103.74 529.30 Td (solution ) Tj ET Q q 0 0 0 rg BT 139.12 529.30 Td (to ) Tj ET Q q 0 0 0 rg BT 150.05 529.30 Td (originate ) Tj ET Q q 0 0 0 rg BT 188.74 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 206.33 529.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 227.82 529.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 272.62 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 290.21 529.30 Td (improve ) Tj ET Q q 0 0 0 rg BT 326.69 529.30 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 378.43 529.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 398.80 529.30 Td (quality) Tj ET Q q 0 0 0 rg BT 425.92 529.30 Td (, ) Tj ET Q q 0 0 0 rg BT 431.58 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 449.17 529.30 Td (ef) Tj ET Q q 0 0 0 rg BT 456.75 529.30 Td (ficiency) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.31 529.30 Td (. ) Tj ET Q q 0 0 0 rg BT 493.26 529.30 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.41 529.30 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 517.30 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 517.30 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.76 517.30 Td (165,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.26 517.30 Td ( ) Tj ET Q q 0 0 0 rg BT 169.76 517.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 210.02 517.30 Td (professionals ) Tj ET Q q 0 0 0 rg BT 265.29 517.30 Td (used ) Tj ET Q q 0 0 0 rg BT 286.12 517.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 334.17 517.30 Td (for ) Tj ET Q q 0 0 0 rg BT 348.33 517.30 Td (their ) Tj ET Q q 0 0 0 rg BT 369.15 517.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 409.42 517.30 Td (management ) Tj ET Q q 0 0 0 rg BT 463.01 517.30 Td (solution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 500.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.54 500.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 138.58 500.30 Td (software ) Tj ET Q q 0 0 0 rg BT 175.50 500.30 Td (is ) Tj ET Q q 0 0 0 rg BT 184.66 500.30 Td (a ) Tj ET Q q 0 0 0 rg BT 191.59 500.30 Td (comprehensive, ) Tj ET Q q 0 0 0 rg BT 257.11 500.30 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 302.92 500.30 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 344.83 500.30 Td (solution ) Tj ET Q q 0 0 0 rg BT 379.55 500.30 Td (that ) Tj ET Q q 0 0 0 rg BT 397.03 500.30 Td (handles ) Tj ET Q q 0 0 0 rg BT 430.07 500.30 Td (most ) Tj ET Q q 0 0 0 rg BT 452.01 500.30 Td (of ) Tj ET Q q 0 0 0 rg BT 462.83 500.30 Td (the ) Tj ET Q q 0 0 0 rg BT 477.53 500.30 Td (functions ) Tj ET Q q 0 0 0 rg BT 517.24 500.30 Td (involved ) Tj ET Q q 0 0 0 rg BT 554.73 500.30 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.30 Td (running ) Tj ET Q q 0 0 0 rg BT 84.48 488.30 Td (the ) Tj ET Q q 0 0 0 rg BT 100.56 488.30 Td (business ) Tj ET Q q 0 0 0 rg BT 138.33 488.30 Td (of ) Tj ET Q q 0 0 0 rg BT 150.53 488.30 Td (originating ) Tj ET Q q 0 0 0 rg BT 198.28 488.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 243.80 488.30 Td (including: ) Tj ET Q q 0 0 0 rg BT 288.22 488.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 328.75 488.30 Td (relationship ) Tj ET Q q 0 0 0 rg BT 379.83 488.30 Td (management; ) Tj ET Q q 0 0 0 rg BT 437.57 488.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 458.65 488.30 Td (processing; ) Tj ET Q q 0 0 0 rg BT 508.07 488.30 Td (underwriting; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.30 Td (preparation ) Tj ET Q q 0 0 0 rg BT 96.62 476.30 Td (of ) Tj ET Q q 0 0 0 rg BT 106.53 476.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 145.88 476.30 Td (applications, ) Tj ET Q q 0 0 0 rg BT 198.29 476.30 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 240.42 476.30 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 290.04 476.30 Td (and ) Tj ET Q q 0 0 0 rg BT 306.07 476.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 336.54 476.30 Td (documents; ) Tj ET Q q 0 0 0 rg BT 384.23 476.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 416.92 476.30 Td (and ) Tj ET Q q 0 0 0 rg BT 432.95 476.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 463.42 476.30 Td (the ) Tj ET Q q 0 0 0 rg BT 477.22 476.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 496.02 476.30 Td (for ) Tj ET Q q 0 0 0 rg BT 509.27 476.30 Td (the ) Tj ET Q q 0 0 0 rg BT 523.07 476.30 Td (borrower; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.30 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.04 464.30 Td (with ) Tj ET Q q 0 0 0 rg BT 118.28 464.30 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 161.83 464.30 Td (and ) Tj ET Q q 0 0 0 rg BT 178.72 464.30 Td (investor ) Tj ET Q q 0 0 0 rg BT 213.40 464.30 Td (requirements ) Tj ET Q q 0 0 0 rg BT 268.05 464.30 Td (and ) Tj ET Q q 0 0 0 rg BT 284.95 464.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 315.17 464.30 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 357.05 464.30 Td (management ) Tj ET Q q 0 0 0 rg BT 410.59 464.30 Td (that ) Tj ET Q q 0 0 0 rg BT 428.04 464.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 464.94 464.30 Td (one ) Tj ET Q q 0 0 0 rg BT 481.83 464.30 Td (system ) Tj ET Q q 0 0 0 rg BT 512.07 464.30 Td (of ) Tj ET Q q 0 0 0 rg BT 522.85 464.30 Td (record ) Tj ET Q q 0 0 0 rg BT 550.85 464.30 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.30 Td (loans. ) Tj ET Q q 0 0 0 rg BT 76.17 452.30 Td (Delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.22 452.30 Td (of ) Tj ET Q q 0 0 0 rg BT 125.61 452.30 Td (our ) Tj ET Q q 0 0 0 rg BT 142.01 452.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 190.62 452.30 Td (software ) Tj ET Q q 0 0 0 rg BT 228.11 452.30 Td (in ) Tj ET Q q 0 0 0 rg BT 238.95 452.30 Td (an ) Tj ET Q q 0 0 0 rg BT 251.45 452.30 Td (on-demand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.44 452.30 Td ( ) Tj ET Q q 0 0 0 rg BT 299.50 452.30 Td (Software-as-a-Service, ) Tj ET Q q 0 0 0 rg BT 393.90 452.30 Td (or ) Tj ET Q q 0 0 0 rg BT 405.30 452.30 Td (SaaS, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.86 452.30 Td (environment ) Tj ET Q q 0 0 0 rg BT 484.47 452.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 521.97 452.30 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.30 Td (with ) Tj ET Q q 0 0 0 rg BT 70.53 440.30 Td (the ) Tj ET Q q 0 0 0 rg BT 86.00 440.30 Td (added ) Tj ET Q q 0 0 0 rg BT 113.13 440.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 148.04 440.30 Td (of ) Tj ET Q q 0 0 0 rg BT 159.62 440.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 185.64 440.30 Td (up ) Tj ET Q q 0 0 0 rg BT 198.89 440.30 Td (front ) Tj ET Q q 0 0 0 rg BT 221.58 440.30 Td (implementation ) Tj ET Q q 0 0 0 rg BT 287.60 440.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.85 440.30 Td (and ) Tj ET Q q 0 0 0 rg BT 328.54 440.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 363.44 440.30 Td (need ) Tj ET Q q 0 0 0 rg BT 385.56 440.30 Td (for ) Tj ET Q q 0 0 0 rg BT 400.48 440.30 Td (an ) Tj ET Q q 0 0 0 rg BT 413.17 440.30 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 470.28 440.30 Td (of ) Tj ET Q q 0 0 0 rg BT 481.86 440.30 Td (servers, ) Tj ET Q q 0 0 0 rg BT 515.94 440.30 Td (storage ) Tj ET Q q 0 0 0 rg BT 548.06 440.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.30 Td (network ) Tj ET Q q 0 0 0 rg BT 84.66 428.30 Td (devices ) Tj ET Q q 0 0 0 rg BT 117.04 428.30 Td (as ) Tj ET Q q 0 0 0 rg BT 127.77 428.30 Td (well ) Tj ET Q q 0 0 0 rg BT 147.38 428.30 Td (as ) Tj ET Q q 0 0 0 rg BT 158.11 428.30 Td (the ) Tj ET Q q 0 0 0 rg BT 172.72 428.30 Td (staf) Tj ET Q q 0 0 0 rg BT 186.98 428.30 Td (f ) Tj ET Q q 0 0 0 rg BT 192.70 428.30 Td (needed ) Tj ET Q q 0 0 0 rg BT 223.41 428.30 Td (to ) Tj ET Q q 0 0 0 rg BT 233.58 428.30 Td (support ) Tj ET Q q 0 0 0 rg BT 265.98 428.30 Td (the ) Tj ET Q q 0 0 0 rg BT 280.59 428.30 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 339.35 428.30 Td ( ) Tj ET Q q 0 0 0 rg BT 341.74 428.30 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 364.14 428.30 Td (delivery ) Tj ET Q q 0 0 0 rg BT 399.30 428.30 Td (of ) Tj ET Q q 0 0 0 rg BT 410.02 428.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 457.96 428.30 Td (enables ) Tj ET Q q 0 0 0 rg BT 490.34 428.30 Td (access ) Tj ET Q q 0 0 0 rg BT 518.28 428.30 Td (to ) Tj ET Q q 0 0 0 rg BT 528.45 428.30 Td (the ) Tj ET Q q 0 0 0 rg BT 543.06 428.30 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.30 Td (current ) Tj ET Q q 0 0 0 rg BT 81.43 416.30 Td (version ) Tj ET Q q 0 0 0 rg BT 114.48 416.30 Td (of ) Tj ET Q q 0 0 0 rg BT 126.43 416.30 Td (our ) Tj ET Q q 0 0 0 rg BT 143.37 416.30 Td (software, ) Tj ET Q q 0 0 0 rg BT 183.92 416.30 Td (including ) Tj ET Q q 0 0 0 rg BT 225.30 416.30 Td (periodic ) Tj ET Q q 0 0 0 rg BT 261.68 416.30 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 301.40 416.30 Td (and ) Tj ET Q q 0 0 0 rg BT 319.45 416.30 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 364.16 416.30 Td (updates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.71 416.30 Td (. ) Tj ET Q q 0 0 0 rg BT 400.56 416.30 Td (W) Tj ET Q q 0 0 0 rg BT 409.20 416.30 Td (e ) Tj ET Q q 0 0 0 rg BT 417.25 416.30 Td (also ) Tj ET Q q 0 0 0 rg BT 436.97 416.30 Td (host ) Tj ET Q q 0 0 0 rg BT 457.26 416.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.09 416.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 495.59 416.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 516.97 416.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.96 416.30 Td (, ) Tj ET Q q 0 0 0 rg BT 558.07 416.30 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.30 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 96.45 404.30 Td (electronic ) Tj ET Q q 0 0 0 rg BT 138.40 404.30 Td (platform ) Tj ET Q q 0 0 0 rg BT 175.36 404.30 Td (that ) Tj ET Q q 0 0 0 rg BT 192.88 404.30 Td (allows ) Tj ET Q q 0 0 0 rg BT 221.51 404.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 269.59 404.30 Td (users ) Tj ET Q q 0 0 0 rg BT 292.67 404.30 Td (to ) Tj ET Q q 0 0 0 rg BT 302.97 404.30 Td (conduct ) Tj ET Q q 0 0 0 rg BT 337.15 404.30 Td (electronic ) Tj ET Q q 0 0 0 rg BT 379.10 404.30 Td (business ) Tj ET Q q 0 0 0 rg BT 415.52 404.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 465.81 404.30 Td (with ) Tj ET Q q 0 0 0 rg BT 486.11 404.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 526.40 404.30 Td (investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.30 Td (\(also ) Tj ET Q q 0 0 0 rg BT 71.44 392.30 Td (referred ) Tj ET Q q 0 0 0 rg BT 105.57 392.30 Td (to ) Tj ET Q q 0 0 0 rg BT 115.85 392.30 Td (as ) Tj ET Q q 0 0 0 rg BT 126.68 392.30 Td (investors\) ) Tj ET Q q 0 0 0 rg BT 177.50 392.30 Td (and ) Tj ET Q q 0 0 0 rg BT 194.44 392.30 Td (service ) Tj ET Q q 0 0 0 rg BT 225.25 392.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 265.52 392.30 Td (they ) Tj ET Q q 0 0 0 rg BT 285.24 392.30 Td (work ) Tj ET Q q 0 0 0 rg BT 308.29 392.30 Td (with ) Tj ET Q q 0 0 0 rg BT 328.57 392.30 Td (in ) Tj ET Q q 0 0 0 rg BT 338.85 392.30 Td (order ) Tj ET Q q 0 0 0 rg BT 362.44 392.30 Td (to ) Tj ET Q q 0 0 0 rg BT 372.72 392.30 Td (process ) Tj ET Q q 0 0 0 rg BT 405.21 392.30 Td (and ) Tj ET Q q 0 0 0 rg BT 422.15 392.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 442.98 392.30 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 375.30 Td (For ) Tj ET Q q 0 0 0 rg BT 89.99 375.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 131.36 375.30 Td (originators, ) Tj ET Q q 0 0 0 rg BT 180.78 375.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 229.93 375.30 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.20 375.30 Td (a ) Tj ET Q q 0 0 0 rg BT 248.24 375.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 312.37 375.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 353.73 375.30 Td (management ) Tj ET Q q 0 0 0 rg BT 408.42 375.30 Td (system ) Tj ET Q q 0 0 0 rg BT 439.80 375.30 Td (that ) Tj ET Q q 0 0 0 rg BT 458.40 375.30 Td (handles ) Tj ET Q q 0 0 0 rg BT 492.54 375.30 Td (key ) Tj ET Q q 0 0 0 rg BT 510.58 375.30 Td (business ) Tj ET Q q 0 0 0 rg BT 548.07 375.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.30 Td (management ) Tj ET Q q 0 0 0 rg BT 103.25 363.30 Td (functions ) Tj ET Q q 0 0 0 rg BT 143.13 363.30 Td (involved ) Tj ET Q q 0 0 0 rg BT 180.79 363.30 Td (in ) Tj ET Q q 0 0 0 rg BT 191.23 363.30 Td (running ) Tj ET Q q 0 0 0 rg BT 225.01 363.30 Td (a ) Tj ET Q q 0 0 0 rg BT 232.11 363.30 Td (residential ) Tj ET Q q 0 0 0 rg BT 276.42 363.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 316.85 363.30 Td (origination ) Tj ET Q q 0 0 0 rg BT 363.39 363.30 Td (business. ) Tj ET Q q 0 0 0 rg BT 402.45 363.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 443.99 363.30 Td (originators ) Tj ET Q q 0 0 0 rg BT 489.98 363.30 Td (use ) Tj ET Q q 0 0 0 rg BT 505.97 363.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 554.18 363.30 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.30 Td (a ) Tj ET Q q 0 0 0 rg BT 56.70 351.30 Td (single ) Tj ET Q q 0 0 0 rg BT 83.36 351.30 Td (tool ) Tj ET Q q 0 0 0 rg BT 101.68 351.30 Td (for ) Tj ET Q q 0 0 0 rg BT 116.11 351.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 136.09 351.30 Td (processing, ) Tj ET Q q 0 0 0 rg BT 184.12 351.30 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 229.93 351.30 Td (and ) Tj ET Q q 0 0 0 rg BT 247.14 351.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 286.56 351.30 Td (communication ) Tj ET Q q 0 0 0 rg BT 351.53 351.30 Td (and ) Tj ET Q q 0 0 0 rg BT 368.74 351.30 Td (to ) Tj ET Q q 0 0 0 rg BT 379.28 351.30 Td (interact ) Tj ET Q q 0 0 0 rg BT 412.03 351.30 Td (electronically ) Tj ET Q q 0 0 0 rg BT 469.21 351.30 Td (with ) Tj ET Q q 0 0 0 rg BT 489.75 351.30 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 523.89 351.30 Td (investors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.30 Td (and ) Tj ET Q q 0 0 0 rg BT 66.25 339.30 Td (service ) Tj ET Q q 0 0 0 rg BT 96.88 339.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 136.96 339.30 Td (over ) Tj ET Q q 0 0 0 rg BT 157.04 339.30 Td (the ) Tj ET Q q 0 0 0 rg BT 171.56 339.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 192.76 339.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 212.84 339.30 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.33 339.30 Td ( ) Tj ET Q q 0 0 0 rg BT 252.64 339.30 Td (For ) Tj ET Q q 0 0 0 rg BT 268.84 339.30 Td (the ) Tj ET Q q 0 0 0 rg BT 283.37 339.30 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 317.06 339.30 Td (investors ) Tj ET Q q 0 0 0 rg BT 355.47 339.30 Td (and ) Tj ET Q q 0 0 0 rg BT 372.22 339.30 Td (service ) Tj ET Q q 0 0 0 rg BT 402.85 339.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 442.93 339.30 Td (on ) Tj ET Q q 0 0 0 rg BT 455.24 339.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.77 339.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 490.96 339.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 511.04 339.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.03 339.30 Td (, ) Tj ET Q q 0 0 0 rg BT 550.84 339.30 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 83.12 327.30 Td (electronic ) Tj ET Q q 0 0 0 rg BT 125.61 327.30 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 178.11 327.30 Td (that ) Tj ET Q q 0 0 0 rg BT 196.17 327.30 Td (allows ) Tj ET Q q 0 0 0 rg BT 225.35 327.30 Td (them ) Tj ET Q q 0 0 0 rg BT 248.42 327.30 Td (to ) Tj ET Q q 0 0 0 rg BT 259.27 327.30 Td (do ) Tj ET Q q 0 0 0 rg BT 272.34 327.30 Td (business ) Tj ET Q q 0 0 0 rg BT 309.30 327.30 Td (with ) Tj ET Q q 0 0 0 rg BT 330.15 327.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 370.99 327.30 Td (origination ) Tj ET Q q 0 0 0 rg BT 417.94 327.30 Td (professionals ) Tj ET Q q 0 0 0 rg BT 473.78 327.30 Td (using ) Tj ET Q q 0 0 0 rg BT 498.52 327.30 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 549.42 327.30 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 327.30 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.30 Td (also ) Tj ET Q q 0 0 0 rg BT 67.44 315.30 Td (of) Tj ET Q q 0 0 0 rg BT 75.59 315.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 88.52 315.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 135.90 315.30 Td (users ) Tj ET Q q 0 0 0 rg BT 158.28 315.30 Td (a ) Tj ET Q q 0 0 0 rg BT 164.55 315.30 Td (variety ) Tj ET Q q 0 0 0 rg BT 194.14 315.30 Td (of ) Tj ET Q q 0 0 0 rg BT 204.30 315.30 Td (other ) Tj ET Q q 0 0 0 rg BT 226.68 315.30 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 273.50 315.30 Td (software ) Tj ET Q q 0 0 0 rg BT 309.76 315.30 Td (services ) Tj ET Q q 0 0 0 rg BT 343.80 315.30 Td (delivered ) Tj ET Q q 0 0 0 rg BT 382.83 315.30 Td (within ) Tj ET Q q 0 0 0 rg BT 410.22 315.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 457.60 315.30 Td (which ) Tj ET Q q 0 0 0 rg BT 483.87 315.30 Td (are ) Tj ET Q q 0 0 0 rg BT 497.90 315.30 Td (discussed ) Tj ET Q q 0 0 0 rg BT 538.06 315.30 Td (below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.30 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 303.30 Td (our ) Tj ET Q q 0 0 0 rg BT 75.61 303.30 Td (Product ) Tj ET Q q 0 0 0 rg BT 109.22 303.30 Td (and ) Tj ET Q q 0 0 0 rg BT 126.16 303.30 Td (Services ) Tj ET Q q 0 0 0 rg BT 162.53 303.30 Td (overview) Tj ET Q q 0 0 0 rg BT 199.09 303.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 286.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 113.47 286.30 Td (originators ) Tj ET Q q 0 0 0 rg BT 158.88 286.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 175.41 286.30 Td (for ) Tj ET Q q 0 0 0 rg BT 189.16 286.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 236.79 286.30 Td (in ) Tj ET Q q 0 0 0 rg BT 246.66 286.30 Td (one ) Tj ET Q q 0 0 0 rg BT 263.19 286.30 Td (of ) Tj ET Q q 0 0 0 rg BT 273.61 286.30 Td (two ) Tj ET Q q 0 0 0 rg BT 290.69 286.30 Td (models: ) Tj ET Q q 0 0 0 rg BT 324.45 286.30 Td (recurring ) Tj ET Q q 0 0 0 rg BT 363.18 286.30 Td (monthly ) Tj ET Q q 0 0 0 rg BT 398.61 286.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 449.58 286.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 467.77 286.30 Td (or ) Tj ET Q q 0 0 0 rg BT 478.19 286.30 Td (monthly ) Tj ET Q q 0 0 0 rg BT 513.61 286.30 Td (subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 67.85 274.30 Td (based ) Tj ET Q q 0 0 0 rg BT 92.88 274.30 Td (on ) Tj ET Q q 0 0 0 rg BT 105.13 274.30 Td (the ) Tj ET Q q 0 0 0 rg BT 119.61 274.30 Td (number ) Tj ET Q q 0 0 0 rg BT 152.41 274.30 Td (of ) Tj ET Q q 0 0 0 rg BT 163.00 274.30 Td (licensed ) Tj ET Q q 0 0 0 rg BT 198.02 274.30 Td (users ) Tj ET Q q 0 0 0 rg BT 220.82 274.30 Td (combined ) Tj ET Q q 0 0 0 rg BT 262.51 274.30 Td (with ) Tj ET Q q 0 0 0 rg BT 282.55 274.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 328.67 274.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 347.03 274.30 Td (based ) Tj ET Q q 0 0 0 rg BT 372.05 274.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 415.96 274.30 Td (funded, ) Tj ET Q q 0 0 0 rg BT 448.49 274.30 Td (which ) Tj ET Q q 0 0 0 rg BT 475.18 274.30 Td (we ) Tj ET Q q 0 0 0 rg BT 489.10 274.30 Td (refer ) Tj ET Q q 0 0 0 rg BT 510.22 274.30 Td (to ) Tj ET Q q 0 0 0 rg BT 520.26 274.30 Td (as ) Tj ET Q q 0 0 0 rg BT 530.84 274.30 Td (Success ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.30 Td (Based ) Tj ET Q q 0 0 0 rg BT 75.49 262.30 Td (Pricing. ) Tj ET Q q 0 0 0 rg BT 108.42 262.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 125.52 262.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 167.06 262.30 Td (services ) Tj ET Q q 0 0 0 rg BT 200.82 262.30 Td (are ) Tj ET Q q 0 0 0 rg BT 214.58 262.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 233.34 262.30 Td (on ) Tj ET Q q 0 0 0 rg BT 244.89 262.30 Td (either ) Tj ET Q q 0 0 0 rg BT 269.21 262.30 Td (a ) Tj ET Q q 0 0 0 rg BT 275.19 262.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 325.63 262.30 Td (or ) Tj ET Q q 0 0 0 rg BT 335.51 262.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 380.93 262.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 404.98 262.30 Td (Lenders, ) Tj ET Q q 0 0 0 rg BT 441.24 262.30 Td (investors ) Tj ET Q q 0 0 0 rg BT 478.89 262.30 Td (and ) Tj ET Q q 0 0 0 rg BT 494.88 262.30 Td (service ) Tj ET Q q 0 0 0 rg BT 524.75 262.30 Td (providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.30 Td (participating ) Tj ET Q q 0 0 0 rg BT 102.78 250.30 Td (in ) Tj ET Q q 0 0 0 rg BT 113.29 250.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.25 250.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 149.87 250.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 170.38 250.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.37 250.30 Td ( ) Tj ET Q q 0 0 0 rg BT 208.11 250.30 Td (also ) Tj ET Q q 0 0 0 rg BT 226.96 250.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 244.13 250.30 Td (us ) Tj ET Q q 0 0 0 rg BT 255.76 250.30 Td (fees, ) Tj ET Q q 0 0 0 rg BT 277.10 250.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 317.04 250.30 Td (on ) Tj ET Q q 0 0 0 rg BT 329.78 250.30 Td (a ) Tj ET Q q 0 0 0 rg BT 336.96 250.30 Td (per ) Tj ET Q q 0 0 0 rg BT 352.47 250.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 399.08 250.30 Td (basis, ) Tj ET Q q 0 0 0 rg BT 424.32 250.30 Td (for ) Tj ET Q q 0 0 0 rg BT 438.72 250.30 Td (transactions ) Tj ET Q q 0 0 0 rg BT 489.22 250.30 Td (processed ) Tj ET Q q 0 0 0 rg BT 531.39 250.30 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.22 238.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 85.60 238.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 105.87 238.30 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.86 238.30 Td ( ) Tj ET Q q 0 0 0 rg BT 143.36 238.30 Td (from ) Tj ET Q q 0 0 0 rg BT 165.30 238.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 213.34 238.30 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 221.30 Td (Under ) Tj ET Q q 0 0 0 rg BT 101.20 221.30 Td (the ) Tj ET Q q 0 0 0 rg BT 116.31 221.30 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 152.80 221.30 Td (brand, ) Tj ET Q q 0 0 0 rg BT 181.78 221.30 Td (our ) Tj ET Q q 0 0 0 rg BT 198.83 221.30 Td (research ) Tj ET Q q 0 0 0 rg BT 235.84 221.30 Td (and ) Tj ET Q q 0 0 0 rg BT 254.00 221.30 Td (reference ) Tj ET Q q 0 0 0 rg BT 294.89 221.30 Td (products ) Tj ET Q q 0 0 0 rg BT 333.04 221.30 Td (include ) Tj ET Q q 0 0 0 rg BT 366.19 221.30 Td (single ) Tj ET Q q 0 0 0 rg BT 393.79 221.30 Td (and ) Tj ET Q q 0 0 0 rg BT 411.94 221.30 Td (multifamily ) Tj ET Q q 0 0 0 rg BT 462.87 221.30 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 518.23 221.30 Td (& ) Tj ET Q q 0 0 0 rg BT 529.73 221.30 Td (insuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.30 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 93.42 209.30 Td (as ) Tj ET Q q 0 0 0 rg BT 104.56 209.30 Td (well ) Tj ET Q q 0 0 0 rg BT 124.59 209.30 Td (as ) Tj ET Q q 0 0 0 rg BT 135.73 209.30 Td (libraries ) Tj ET Q q 0 0 0 rg BT 171.31 209.30 Td (of ) Tj ET Q q 0 0 0 rg BT 182.45 209.30 Td (federal ) Tj ET Q q 0 0 0 rg BT 213.02 209.30 Td (and ) Tj ET Q q 0 0 0 rg BT 230.27 209.30 Td (state ) Tj ET Q q 0 0 0 rg BT 251.40 209.30 Td (laws ) Tj ET Q q 0 0 0 rg BT 272.55 209.30 Td (and ) Tj ET Q q 0 0 0 rg BT 289.80 209.30 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 339.54 209.30 Td (and ) Tj ET Q q 0 0 0 rg BT 356.79 209.30 Td (we ) Tj ET Q q 0 0 0 rg BT 371.27 209.30 Td (are ) Tj ET Q q 0 0 0 rg BT 386.29 209.30 Td (the ) Tj ET Q q 0 0 0 rg BT 401.32 209.30 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 441.89 209.30 Td (electronic ) Tj ET Q q 0 0 0 rg BT 484.12 209.30 Td (publisher ) Tj ET Q q 0 0 0 rg BT 524.15 209.30 Td (of ) Tj ET Q q 0 0 0 rg BT 535.30 209.30 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 88.79 197.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 120.31 197.30 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 162.94 197.30 Td (for ) Tj ET Q q 0 0 0 rg BT 176.13 197.30 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 204.88 197.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 224.17 197.30 Td (and ) Tj ET Q q 0 0 0 rg BT 240.14 197.30 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 272.21 197.30 Td (Mac ) Tj ET Q q 0 0 0 rg BT 291.51 197.30 Td (and ) Tj ET Q q 0 0 0 rg BT 307.36 197.30 Td (The ) Tj ET Q q 0 0 0 rg BT 324.44 197.30 Td (Federal ) Tj ET Q q 0 0 0 rg BT 355.95 197.30 Td (Home ) Tj ET Q q 0 0 0 rg BT 381.92 197.30 Td (Loan ) Tj ET Q q 0 0 0 rg BT 403.99 197.30 Td (Bank. ) Tj ET Q q 0 0 0 rg BT 429.13 197.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 446.20 197.30 Td (educational ) Tj ET Q q 0 0 0 rg BT 493.82 197.30 Td (division, ) Tj ET Q q 0 0 0 rg BT 529.74 197.30 Td (AllRegs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.30 Td (Academy) Tj ET Q q 0 0 0 rg BT 87.17 185.30 Td (, ) Tj ET Q q 0 0 0 rg BT 91.80 185.30 Td (of) Tj ET Q q 0 0 0 rg BT 99.95 185.30 Td (fers ) Tj ET Q q 0 0 0 rg BT 117.08 185.30 Td (courses ) Tj ET Q q 0 0 0 rg BT 149.21 185.30 Td (related ) Tj ET Q q 0 0 0 rg BT 178.55 185.30 Td (to ) Tj ET Q q 0 0 0 rg BT 188.47 185.30 Td (the ) Tj ET Q q 0 0 0 rg BT 202.83 185.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 242.73 185.30 Td (industry) Tj ET Q q 0 0 0 rg BT 274.86 185.30 Td (, ) Tj ET Q q 0 0 0 rg BT 279.50 185.30 Td (including ) Tj ET Q q 0 0 0 rg BT 319.41 185.30 Td (self-paced ) Tj ET Q q 0 0 0 rg BT 362.63 185.30 Td (training, ) Tj ET Q q 0 0 0 rg BT 398.37 185.30 Td (instructor) Tj ET Q q 0 0 0 rg BT 436.50 185.30 Td (-led ) Tj ET Q q 0 0 0 rg BT 454.18 185.30 Td (online ) Tj ET Q q 0 0 0 rg BT 481.32 185.30 Td (courses, ) Tj ET Q q 0 0 0 rg BT 515.95 185.30 Td (webinars ) Tj ET Q q 0 0 0 rg BT 554.18 185.30 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.30 Td (live ) Tj ET Q q 0 0 0 rg BT 66.74 173.30 Td (classroom ) Tj ET Q q 0 0 0 rg BT 109.53 173.30 Td (training ) Tj ET Q q 0 0 0 rg BT 142.88 173.30 Td (and ) Tj ET Q q 0 0 0 rg BT 159.57 173.30 Td (certified ) Tj ET Q q 0 0 0 rg BT 195.13 173.30 Td (continuing ) Tj ET Q q 0 0 0 rg BT 240.14 173.30 Td (education ) Tj ET Q q 0 0 0 rg BT 281.26 173.30 Td (classes ) Tj ET Q q 0 0 0 rg BT 311.28 173.30 Td (for ) Tj ET Q q 0 0 0 rg BT 325.18 173.30 Td (state ) Tj ET Q q 0 0 0 rg BT 345.75 173.30 Td (licensed ) Tj ET Q q 0 0 0 rg BT 380.76 173.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 420.77 173.30 Td (originators. ) Tj ET Q q 0 0 0 rg BT 468.85 173.30 Td (In ) Tj ET Q q 0 0 0 rg BT 479.42 173.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 516.94 173.30 Td (through ) Tj ET Q q 0 0 0 rg BT 550.30 173.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.30 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 86.79 161.30 Td (brand, ) Tj ET Q q 0 0 0 rg BT 116.58 161.30 Td (we ) Tj ET Q q 0 0 0 rg BT 132.76 161.30 Td (of) Tj ET Q q 0 0 0 rg BT 140.91 161.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 156.52 161.30 Td (documentation ) Tj ET Q q 0 0 0 rg BT 220.47 161.30 Td (and ) Tj ET Q q 0 0 0 rg BT 239.42 161.30 Td (learning ) Tj ET Q q 0 0 0 rg BT 276.70 161.30 Td (management ) Tj ET Q q 0 0 0 rg BT 332.31 161.30 Td (solutions ) Tj ET Q q 0 0 0 rg BT 372.94 161.30 Td (to ) Tj ET Q q 0 0 0 rg BT 385.24 161.30 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 424.73 161.30 Td (our ) Tj ET Q q 0 0 0 rg BT 442.58 161.30 Td (customers) Tj ET Q q 0 0 0 rg BT 485.71 161.30 Td ( ) Tj ET Q q 0 0 0 rg BT 490.23 161.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 532.51 161.30 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.30 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 100.59 149.30 Td (as ) Tj ET Q q 0 0 0 rg BT 111.42 149.30 Td (well ) Tj ET Q q 0 0 0 rg BT 131.14 149.30 Td (as ) Tj ET Q q 0 0 0 rg BT 141.97 149.30 Td (data ) Tj ET Q q 0 0 0 rg BT 161.12 149.30 Td (and ) Tj ET Q q 0 0 0 rg BT 178.06 149.30 Td (analytics ) Tj ET Q q 0 0 0 rg BT 216.10 149.30 Td (services ) Tj ET Q q 0 0 0 rg BT 250.81 149.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 283.85 149.30 Td (to ) Tj ET Q q 0 0 0 rg BT 294.13 149.30 Td (investor ) Tj ET Q q 0 0 0 rg BT 328.85 149.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 348.56 149.30 Td (products.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 93.65 553.10 Td (Industry ) Tj ET Q q 0 0 0 rg BT 133.38 553.10 Td (Overview) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (Overview ) Tj ET Q q 0 0 0 rg BT 90.32 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.15 527.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 143.65 527.10 Td (Origination ) Tj ET Q q 0 0 0 rg BT 194.50 527.10 Td (Market) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 527.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 510.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 113.63 510.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 159.20 510.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 196.44 510.10 Td (advise ) Tj ET Q q 0 0 0 rg BT 224.24 510.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 269.53 510.10 Td (process ) Tj ET Q q 0 0 0 rg BT 301.77 510.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 321.24 510.10 Td (files, ) Tj ET Q q 0 0 0 rg BT 343.21 510.10 Td (collect, ) Tj ET Q q 0 0 0 rg BT 374.61 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0 0 0 rg BT 332.52 498.10 Td (close ) Tj ET Q q 0 0 0 rg BT 354.68 498.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 394.05 498.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 418.91 498.10 Td (According ) Tj ET Q q 0 0 0 rg BT 462.72 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.10 498.10 Td (data ) Tj ET Q q 0 0 0 rg BT 490.37 498.10 Td (available ) Tj ET Q q 0 0 0 rg BT 528.06 498.10 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.63 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.20 486.10 Td (Home ) Tj ET Q q 0 0 0 rg BT 104.00 486.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 146.23 486.10 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 191.61 486.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 209.40 486.10 Td (\(HMDA\), ) Tj ET Q q 0 0 0 rg BT 252.48 486.10 Td (there ) Tj ET Q q 0 0 0 rg BT 275.82 486.10 Td (were ) Tj ET Q q 0 0 0 rg BT 298.60 486.10 Td (more ) Tj ET Q q 0 0 0 rg BT 322.50 486.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.07 486.10 Td (6,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 365.57 490.63 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 368.82 490.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.00 486.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 412.12 486.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 444.35 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.48 486.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 478.84 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.97 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.54 486.10 Td (United ) Tj ET Q q 0 0 0 rg BT 536.11 486.10 Td (States, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.77 474.10 Td (national ) Tj ET Q q 0 0 0 rg BT 124.49 474.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 152.82 474.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 188.08 474.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 216.41 474.10 Td (non-bank ) Tj ET Q q 0 0 0 rg BT 256.68 474.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 288.05 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.99 474.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 330.26 474.10 Td (unions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 457.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 99.36 457.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.79 457.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 151.42 457.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 189.39 457.10 Td (by ) Tj ET Q q 0 0 0 rg BT 201.81 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.45 457.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 257.75 457.10 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 292.41 457.10 Td (Association, ) Tj ET Q q 0 0 0 rg BT 344.55 457.10 Td (there ) Tj ET Q q 0 0 0 rg BT 366.96 457.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.81 457.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 408.74 457.10 Td (trillion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.96 457.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.88 457.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 460.80 457.10 Td (trillion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.03 457.10 Td (, ) Tj ET Q BT 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Tj ET Q q 0 0 0 rg BT 305.57 445.10 Td (homes ) Tj ET Q q 0 0 0 rg BT 334.61 445.10 Td (during ) Tj ET Q q 0 0 0 rg BT 363.66 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.81 445.10 Td (years ) Tj ET Q q 0 0 0 rg BT 402.85 445.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 429.66 445.10 Td (December ) Tj ET Q q 0 0 0 rg BT 473.68 445.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.12 445.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.12 445.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.56 445.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.56 445.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 445.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 445.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 433.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 433.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.44 433.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 407.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 110.61 407.10 Td (Origination ) Tj ET Q q 0 0 0 rg BT 161.46 407.10 Td (Process) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 390.10 Td (Originating ) Tj ET Q q 0 0 0 rg BT 121.61 390.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.06 390.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 173.72 390.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 214.50 390.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 251.39 390.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 287.73 390.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 317.40 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.85 390.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 370.07 390.10 Td (a ) Tj ET Q q 0 0 0 rg BT 377.51 390.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 414.96 390.10 Td (series ) Tj ET Q q 0 0 0 rg BT 440.74 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.08 390.10 Td (data-laden ) Tj ET Q q 0 0 0 rg BT 496.73 390.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 547.50 390.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (must ) Tj ET Q q 0 0 0 rg BT 70.83 378.10 Td (be ) Tj ET Q q 0 0 0 rg BT 82.15 378.10 Td (handled ) Tj ET Q q 0 0 0 rg BT 115.69 378.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 158.65 378.10 Td (under ) Tj ET Q q 0 0 0 rg BT 183.30 378.10 Td (tight ) Tj ET Q q 0 0 0 rg BT 203.51 378.10 Td (time ) Tj ET Q q 0 0 0 rg BT 223.17 378.10 Td (constraints. ) Tj ET Q q 0 0 0 rg BT 270.87 378.10 Td (By ) Tj ET Q q 0 0 0 rg BT 284.43 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.52 378.10 Td (time ) Tj ET Q q 0 0 0 rg BT 318.18 378.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.50 378.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 364.14 378.10 Td (has ) Tj ET Q q 0 0 0 rg BT 379.35 378.10 Td (been ) Tj ET Q q 0 0 0 rg BT 400.11 378.10 Td (funded, ) Tj ET Q q 0 0 0 rg BT 432.26 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.36 378.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 475.45 378.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 494.55 378.10 Td (package ) Tj ET Q q 0 0 0 rg BT 529.19 378.10 Td (contains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.78 366.10 Td (one ) Tj ET Q q 0 0 0 rg BT 86.74 366.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 125.36 366.10 Td (pages ) Tj ET Q q 0 0 0 rg BT 150.65 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.49 366.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 207.34 366.10 Td (that ) Tj ET Q q 0 0 0 rg BT 224.85 366.10 Td (come ) Tj ET Q q 0 0 0 rg BT 249.02 366.10 Td (from ) Tj ET Q q 0 0 0 rg BT 270.97 366.10 Td (over ) Tj ET Q q 0 0 0 rg BT 291.26 366.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.21 366.10 Td (dozen ) Tj ET Q q 0 0 0 rg BT 324.61 366.10 Td (dif) Tj ET Q q 0 0 0 rg BT 335.53 366.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 361.36 366.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 395.26 366.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 426.67 366.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 466.95 366.10 Td (on ) Tj ET Q q 0 0 0 rg BT 479.46 366.10 Td (disparate ) Tj ET Q q 0 0 0 rg BT 518.07 366.10 Td (technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 83.78 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.83 354.10 Td (databases. ) Tj ET Q q 0 0 0 rg BT 144.06 354.10 Td (T) Tj ET Q q 0 0 0 rg BT 149.82 354.10 Td (raditionally) Tj ET Q q 0 0 0 rg BT 195.27 354.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.38 354.10 Td (much ) Tj ET Q q 0 0 0 rg BT 225.20 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.14 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.97 354.10 Td (data ) Tj ET Q q 0 0 0 rg BT 270.23 354.10 Td (used ) Tj ET Q q 0 0 0 rg BT 291.17 354.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.56 354.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 334.14 354.10 Td (these ) Tj ET Q q 0 0 0 rg BT 357.30 354.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 403.23 354.10 Td (has ) Tj ET Q q 0 0 0 rg BT 419.17 354.10 Td (been ) Tj ET Q q 0 0 0 rg BT 440.66 354.10 Td (gathered ) Tj ET Q q 0 0 0 rg BT 477.69 354.10 Td (manually) Tj ET Q q 0 0 0 rg BT 514.25 354.10 Td (, ) Tj ET Q q 0 0 0 rg BT 519.36 354.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 545.28 354.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.10 Td (electronically) Tj ET Q q 0 0 0 rg BT 103.26 342.10 Td (, ) Tj ET Q q 0 0 0 rg BT 108.53 342.10 Td (with ) Tj ET Q q 0 0 0 rg BT 129.08 342.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 175.17 342.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 220.70 342.10 Td (among ) Tj ET Q q 0 0 0 rg BT 250.68 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.67 342.10 Td (many ) Tj ET Q q 0 0 0 rg BT 290.65 342.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 340.07 342.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.84 342.10 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 394.76 342.10 Td (courier ) Tj ET Q q 0 0 0 rg BT 425.84 342.10 Td (or ) Tj ET Q q 0 0 0 rg BT 436.94 342.10 Td (mail. ) Tj ET Q q 0 0 0 rg BT 459.78 342.10 Td (The ) Tj ET Q q 0 0 0 rg BT 478.10 342.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 503.63 342.10 Td (process ) Tj ET Q q 0 0 0 rg BT 536.39 342.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.62 330.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 104.18 330.10 Td (duplicative ) Tj ET Q q 0 0 0 rg BT 150.95 330.10 Td (ef) Tj ET Q q 0 0 0 rg BT 158.54 330.10 Td (forts, ) Tj ET Q q 0 0 0 rg BT 181.72 330.10 Td (time ) Tj ET Q q 0 0 0 rg BT 201.84 330.10 Td (delays, ) Tj ET Q q 0 0 0 rg BT 232.23 330.10 Td (errors, ) Tj ET Q q 0 0 0 rg BT 260.39 330.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 285.24 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.02 330.10 Td (redundant ) Tj ET Q q 0 0 0 rg BT 344.35 330.10 Td (paper ) Tj ET Q q 0 0 0 rg BT 368.91 330.10 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 433.18 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.96 330.10 Td (often ) Tj ET Q q 0 0 0 rg BT 472.86 330.10 Td (exposes ) Tj ET Q q 0 0 0 rg BT 506.86 330.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 545.86 330.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 318.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 97.27 318.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 129.75 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.69 318.10 Td (security ) Tj ET Q q 0 0 0 rg BT 180.85 318.10 Td (breaches.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 121.50 Td (________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 96.57 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 96.57 Td (Federal ) Tj ET Q q 0 0 0 rg BT 102.76 96.57 Td (Financial ) Tj ET Q q 0 0 0 rg BT 145.24 96.57 Td (Institutions ) Tj ET Q q 0 0 0 rg BT 195.52 96.57 Td (Examination ) Tj ET Q q 0 0 0 rg BT 251.89 96.57 Td (Council, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 291.33 96.57 Td (Federal ) Tj ET Q q 0 0 0 rg BT 328.26 96.57 Td (Financial ) Tj ET Q q 0 0 0 rg BT 372.41 96.57 Td (Institutions ) Tj ET Q q 0 0 0 rg BT 422.69 96.57 Td (Examination ) Tj ET Q q 0 0 0 rg BT 479.07 96.57 Td (Council ) Tj ET Q q 0 0 0 rg BT 515.62 96.57 Td (Announces ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 86.56 Td (A) Tj ET Q q 0 0 0 rg BT 73.06 86.56 Td (vailability ) Tj ET Q q 0 0 0 rg BT 116.10 86.56 Td (of ) Tj ET Q q 0 0 0 rg BT 126.38 86.56 Td (2015 ) Tj ET Q q 0 0 0 rg BT 148.88 86.56 Td (Data ) Tj ET Q q 0 0 0 rg BT 171.38 86.56 Td (on ) Tj ET Q q 0 0 0 rg BT 183.88 86.56 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 225.82 86.56 Td (Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.60 86.56 Td (, ) Tj ET Q q 0 0 0 rg BT 263.60 86.56 Td (September ) Tj ET Q q 0 0 0 rg BT 308.86 86.56 Td (29, ) Tj ET Q q 0 0 0 rg BT 323.86 86.56 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 68.57 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 68.57 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 108.88 68.57 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 143.59 68.57 Td (Association, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 195.81 68.57 Td (MBA) Tj ET Q q 0 0 0 rg BT 216.18 68.57 Td ( ) Tj ET Q q 0 0 0 rg BT 218.68 68.57 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 260.62 68.57 Td (Origination ) Tj ET Q q 0 0 0 rg BT 310.34 68.57 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 351.73 68.57 Td (as ) Tj ET Q q 0 0 0 rg BT 363.12 68.57 Td (of ) Tj ET Q q 0 0 0 rg BT 373.40 68.57 Td (November ) Tj ET Q q 0 0 0 rg BT 417.00 68.57 Td (17, ) Tj ET Q q 0 0 0 rg BT 432.00 68.57 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 68.57 Td (. ) Tj ET Q q 0 0 0 rg BT 457.00 68.57 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 500.05 68.57 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.24 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 133.32 740.10 Td (diagram ) Tj ET Q q 0 0 0 rg BT 169.28 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.81 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.22 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 237.18 740.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 284.25 740.10 Td (process ) Tj ET Q q 0 0 0 rg BT 317.44 740.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 355.07 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.71 740.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 409.77 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.62 740.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 484.47 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.88 740.10 Td (complexity ) Tj ET Q q 0 0 0 rg BT 548.07 740.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (inef) Tj ET Q q 0 0 0 rg BT 64.87 728.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 99.57 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.40 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.12 728.10 Td (process ) Tj ET Q q 0 0 0 rg BT 157.61 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.54 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.26 728.10 Td (need ) Tj ET Q q 0 0 0 rg BT 210.64 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.80 728.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 268.95 728.10 Td (solutions.) Tj ET Q /GS0 gs q 450.00 0 0 255.75 81.00 462.34 cm /I23 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 445.35 Td (In ) Tj ET Q q 0 0 0 rg BT 82.87 445.35 Td (addition ) Tj ET Q q 0 0 0 rg BT 117.69 445.35 Td (to ) Tj ET Q q 0 0 0 rg BT 127.51 445.35 Td (the ) Tj ET Q q 0 0 0 rg BT 141.77 445.35 Td (challenges ) Tj ET Q q 0 0 0 rg BT 186.02 445.35 Td (involved ) Tj ET Q q 0 0 0 rg BT 223.06 445.35 Td (in ) Tj ET Q q 0 0 0 rg BT 232.88 445.35 Td (processing ) Tj ET Q q 0 0 0 rg BT 277.69 445.35 Td (loans, ) Tj ET Q q 0 0 0 rg BT 303.34 445.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 343.15 445.35 Td (originators ) Tj ET Q q 0 0 0 rg BT 388.52 445.35 Td (must ) Tj ET Q q 0 0 0 rg BT 410.01 445.35 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 438.16 445.35 Td (a ) Tj ET Q q 0 0 0 rg BT 444.64 445.35 Td (multitude ) Tj ET Q q 0 0 0 rg BT 485.02 445.35 Td (of ) Tj ET Q q 0 0 0 rg BT 495.39 445.35 Td (federal, ) Tj ET Q q 0 0 0 rg BT 527.69 445.35 Td (state ) Tj ET Q q 0 0 0 rg BT 548.06 445.35 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.35 Td (local ) Tj ET Q q 0 0 0 rg BT 71.48 433.35 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 120.96 433.35 Td (and ) Tj ET Q q 0 0 0 rg BT 137.94 433.35 Td (address ) Tj ET Q q 0 0 0 rg BT 170.47 433.35 Td (basic ) Tj ET Q q 0 0 0 rg BT 193.56 433.35 Td (business ) Tj ET Q q 0 0 0 rg BT 230.00 433.35 Td (needs, ) Tj ET Q q 0 0 0 rg BT 257.81 433.35 Td (including ) Tj ET Q q 0 0 0 rg BT 298.13 433.35 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 343.71 433.35 Td (sales, ) Tj ET Q q 0 0 0 rg BT 368.20 433.35 Td (product ) Tj ET Q q 0 0 0 rg BT 401.29 433.35 Td (fulfillment, ) Tj ET Q q 0 0 0 rg BT 449.10 433.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 488.30 433.35 Td (support, ) Tj ET Q q 0 0 0 rg BT 523.34 433.35 Td (reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.35 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 421.35 Td (general ) Tj ET Q q 0 0 0 rg BT 99.22 421.35 Td (management ) Tj ET Q q 0 0 0 rg BT 153.24 421.35 Td (functions. ) Tj ET Q q 0 0 0 rg BT 195.89 421.35 Td (Historically) Tj ET Q q 0 0 0 rg BT 242.46 421.35 Td (, ) Tj ET Q q 0 0 0 rg BT 247.89 421.35 Td (most ) Tj ET Q q 0 0 0 rg BT 270.27 421.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 310.96 421.35 Td (originators ) Tj ET Q q 0 0 0 rg BT 357.22 421.35 Td (have ) Tj ET Q q 0 0 0 rg BT 379.02 421.35 Td (operated ) Tj ET Q q 0 0 0 rg BT 416.38 421.35 Td (their ) Tj ET Q q 0 0 0 rg BT 437.64 421.35 Td (businesses ) Tj ET Q q 0 0 0 rg BT 482.79 421.35 Td (using ) Tj ET Q q 0 0 0 rg BT 507.39 421.35 Td (separate ) Tj ET Q q 0 0 0 rg BT 543.08 421.35 Td (task-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.35 Td (specific ) Tj ET Q q 0 0 0 rg BT 82.48 409.35 Td (software ) Tj ET Q q 0 0 0 rg BT 118.80 409.35 Td (applications ) Tj ET Q q 0 0 0 rg BT 169.02 409.35 Td (that ) Tj ET Q q 0 0 0 rg BT 185.90 409.35 Td (were ) Tj ET Q q 0 0 0 rg BT 207.22 409.35 Td (interconnected, ) Tj ET Q q 0 0 0 rg BT 270.47 409.35 Td (if ) Tj ET Q q 0 0 0 rg BT 278.47 409.35 Td (at ) Tj ET Q q 0 0 0 rg BT 287.58 409.35 Td (all, ) Tj ET Q q 0 0 0 rg BT 301.96 409.35 Td (through ) Tj ET Q q 0 0 0 rg BT 334.96 409.35 Td (customized ) Tj ET Q q 0 0 0 rg BT 382.40 409.35 Td (integrations. ) Tj ET Q q 0 0 0 rg BT 433.86 409.35 Td (This ) Tj ET Q q 0 0 0 rg BT 453.53 409.35 Td (often ) Tj ET Q q 0 0 0 rg BT 475.97 409.35 Td (resulted ) Tj ET Q q 0 0 0 rg BT 509.52 409.35 Td (in ) Tj ET Q q 0 0 0 rg BT 519.19 409.35 Td (constraints ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.35 Td (on ) Tj ET Q q 0 0 0 rg BT 62.13 397.35 Td (ef) Tj ET Q q 0 0 0 rg BT 69.71 397.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 99.54 397.35 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 154.93 397.35 Td (among ) Tj ET Q q 0 0 0 rg BT 184.77 397.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.16 397.35 Td (departments, ) Tj ET Q q 0 0 0 rg BT 279.16 397.35 Td (limited ) Tj ET Q q 0 0 0 rg BT 310.11 397.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 338.29 397.35 Td (to ) Tj ET Q q 0 0 0 rg BT 348.70 397.35 Td (monitor ) Tj ET Q q 0 0 0 rg BT 382.99 397.35 Td (the ) Tj ET Q q 0 0 0 rg BT 397.83 397.35 Td (business ) Tj ET Q q 0 0 0 rg BT 434.35 397.35 Td (comprehensively) Tj ET Q q 0 0 0 rg BT 502.01 397.35 Td (, ) Tj ET Q q 0 0 0 rg BT 507.13 397.35 Td (increased ) Tj ET Q q 0 0 0 rg BT 547.51 397.35 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.35 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 385.35 Td (error ) Tj ET Q q 0 0 0 rg BT 82.55 385.35 Td (due ) Tj ET Q q 0 0 0 rg BT 99.63 385.35 Td (to ) Tj ET Q q 0 0 0 rg BT 110.06 385.35 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 160.48 385.35 Td (data, ) Tj ET Q q 0 0 0 rg BT 182.28 385.35 Td (failure ) Tj ET Q q 0 0 0 rg BT 211.02 385.35 Td (to ) Tj ET Q q 0 0 0 rg BT 221.44 385.35 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 269.62 385.35 Td (current ) Tj ET Q q 0 0 0 rg BT 300.58 385.35 Td (regulations ) Tj ET Q q 0 0 0 rg BT 347.66 385.35 Td (into ) Tj ET Q q 0 0 0 rg BT 365.86 385.35 Td (work ) Tj ET Q q 0 0 0 rg BT 389.06 385.35 Td (flows, ) Tj ET Q q 0 0 0 rg BT 416.42 385.35 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 462.38 385.35 Td (security ) Tj ET Q q 0 0 0 rg BT 496.68 385.35 Td (and ) Tj ET Q q 0 0 0 rg BT 513.77 385.35 Td (control ) Tj ET Q q 0 0 0 rg BT 544.74 385.35 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.35 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 373.35 Td (process, ) Tj ET Q q 0 0 0 rg BT 99.21 373.35 Td (and ) Tj ET Q q 0 0 0 rg BT 116.15 373.35 Td (expensive ) Tj ET Q q 0 0 0 rg BT 158.63 373.35 Td (technical ) Tj ET Q q 0 0 0 rg BT 197.22 373.35 Td (integration ) Tj ET Q q 0 0 0 rg BT 243.04 373.35 Td (and ) Tj ET Q q 0 0 0 rg BT 259.98 373.35 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 313.01 373.35 Td (costs.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 347.35 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.33 347.35 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 122.83 347.35 Td (Industry ) Tj ET Q q 0 0 0 rg BT 160.34 347.35 Td (T) Tj ET Q q 0 0 0 rg BT 166.08 347.35 Td (rends ) Tj ET Q q 0 0 0 rg BT 191.36 347.35 Td (and ) Tj ET Q q 0 0 0 rg BT 209.42 347.35 Td (Developments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 330.35 Td (The ) Tj ET Q q 0 0 0 rg BT 90.38 330.35 Td (residential ) Tj ET Q q 0 0 0 rg BT 134.37 330.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 174.47 330.35 Td (industry ) Tj ET Q q 0 0 0 rg BT 209.58 330.35 Td (continues ) Tj ET Q q 0 0 0 rg BT 250.24 330.35 Td (to ) Tj ET Q q 0 0 0 rg BT 260.36 330.35 Td (evolve ) Tj ET Q q 0 0 0 rg BT 289.35 330.35 Td (and ) Tj ET Q q 0 0 0 rg BT 306.12 330.35 Td (under) Tj ET Q q 0 0 0 rg BT 328.71 330.35 Td (go ) Tj ET Q q 0 0 0 rg BT 341.04 330.35 Td (significant ) Tj ET Q q 0 0 0 rg BT 385.59 330.35 Td (changes. ) Tj ET Q q 0 0 0 rg BT 422.46 330.35 Td (There ) Tj ET Q q 0 0 0 rg BT 448.12 330.35 Td (are ) Tj ET Q q 0 0 0 rg BT 462.66 330.35 Td (five ) Tj ET Q q 0 0 0 rg BT 480.54 330.35 Td (major ) Tj ET Q q 0 0 0 rg BT 506.20 330.35 Td (trends ) Tj ET Q q 0 0 0 rg BT 532.97 330.35 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 330.35 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.35 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.09 318.35 Td (impacting ) Tj ET Q q 0 0 0 rg BT 130.58 318.35 Td (the ) Tj ET Q q 0 0 0 rg BT 145.30 318.35 Td (residential ) Tj ET Q q 0 0 0 rg BT 189.45 318.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 229.71 318.35 Td (industry) Tj ET Q q 0 0 0 rg BT 261.84 318.35 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 292.35 Td (Gr) Tj ET Q q 0 0 0 rg BT 62.24 292.35 Td (eater ) Tj ET Q q 0 0 0 rg BT 85.29 292.35 Td (Focus ) Tj ET Q q 0 0 0 rg BT 112.23 292.35 Td (on ) Tj ET Q q 0 0 0 rg BT 124.73 292.35 Td (Operational ) Tj ET Q q 0 0 0 rg BT 176.11 292.35 Td (Efficiencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 275.35 Td (The ) Tj ET Q q 0 0 0 rg BT 90.33 275.35 Td (average ) Tj ET Q q 0 0 0 rg BT 123.70 275.35 Td (total ) Tj ET Q q 0 0 0 rg BT 143.75 275.35 Td (production ) Tj ET Q q 0 0 0 rg BT 189.36 275.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 207.75 275.35 Td (per ) Tj ET Q q 0 0 0 rg BT 222.80 275.35 Td (loan ) Tj ET Q q 0 0 0 rg BT 242.30 275.35 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.85 275.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.14 275.35 Td ($6,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.64 275.35 Td ( ) Tj ET Q q 0 0 0 rg BT 289.92 275.35 Td (in ) Tj ET Q q 0 0 0 rg BT 299.98 275.35 Td (the ) Tj ET Q q 0 0 0 rg BT 314.48 275.35 Td (third ) Tj ET Q q 0 0 0 rg BT 335.65 275.35 Td (quarter ) Tj ET Q q 0 0 0 rg BT 366.25 275.35 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.86 275.35 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.86 275.35 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 399.36 279.88 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.61 275.35 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.73 275.35 Td (W) Tj ET Q q 0 0 0 rg BT 413.37 275.35 Td (e ) Tj ET Q q 0 0 0 rg BT 420.09 275.35 Td (expect ) Tj ET Q q 0 0 0 rg BT 448.46 275.35 Td (operational ) Tj ET Q q 0 0 0 rg BT 495.73 275.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 518.01 275.35 Td (to ) Tj ET Q q 0 0 0 rg BT 528.07 275.35 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.35 Td (to ) Tj ET Q q 0 0 0 rg BT 59.14 263.35 Td (be ) Tj ET Q q 0 0 0 rg BT 70.45 263.35 Td (a ) Tj ET Q q 0 0 0 rg BT 76.75 263.35 Td (significant ) Tj ET Q q 0 0 0 rg BT 120.82 263.35 Td (consideration ) Tj ET Q q 0 0 0 rg BT 176.56 263.35 Td (for ) Tj ET Q q 0 0 0 rg BT 190.08 263.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 229.71 263.35 Td (originators ) Tj ET Q q 0 0 0 rg BT 274.90 263.35 Td (due ) Tj ET Q q 0 0 0 rg BT 291.21 263.35 Td (to ) Tj ET Q q 0 0 0 rg BT 300.85 263.35 Td (the ) Tj ET Q q 0 0 0 rg BT 314.93 263.35 Td (continuously ) Tj ET Q q 0 0 0 rg BT 368.46 263.35 Td (changing ) Tj ET Q q 0 0 0 rg BT 406.98 263.35 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 449.94 263.35 Td (environment ) Tj ET Q q 0 0 0 rg BT 502.34 263.35 Td (and ) Tj ET Q q 0 0 0 rg BT 518.64 263.35 Td (heightened ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.35 Td (quality ) Tj ET Q q 0 0 0 rg BT 80.24 251.35 Td (standards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.01 251.35 Td (. ) Tj ET Q q 0 0 0 rg BT 122.82 251.35 Td (As ) Tj ET Q q 0 0 0 rg BT 136.90 251.35 Td (a ) Tj ET Q q 0 0 0 rg BT 144.30 251.35 Td (result, ) Tj ET Q q 0 0 0 rg BT 171.98 251.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 212.71 251.35 Td (originators ) Tj ET Q q 0 0 0 rg BT 259.00 251.35 Td (have ) Tj ET Q q 0 0 0 rg BT 280.84 251.35 Td (sought ) Tj ET Q q 0 0 0 rg BT 310.48 251.35 Td (to ) Tj ET Q q 0 0 0 rg BT 321.22 251.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 356.94 251.35 Td (their ) Tj ET Q q 0 0 0 rg BT 378.23 251.35 Td (ef) Tj ET Q q 0 0 0 rg BT 385.82 251.35 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 420.99 251.35 Td (and ) Tj ET Q q 0 0 0 rg BT 438.39 251.35 Td (reduce ) Tj ET Q q 0 0 0 rg BT 468.00 251.35 Td (fixed ) Tj ET Q q 0 0 0 rg BT 491.52 251.35 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 533.08 251.35 Td (leading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.35 Td (them ) Tj ET Q q 0 0 0 rg BT 71.68 239.35 Td (to ) Tj ET Q q 0 0 0 rg BT 81.64 239.35 Td (explore ) Tj ET Q q 0 0 0 rg BT 113.81 239.35 Td (technology ) Tj ET Q q 0 0 0 rg BT 160.43 239.35 Td (solutions ) Tj ET Q q 0 0 0 rg BT 198.74 239.35 Td (to ) Tj ET Q q 0 0 0 rg BT 208.70 239.35 Td (automate ) Tj ET Q q 0 0 0 rg BT 247.53 239.35 Td (their ) Tj ET Q q 0 0 0 rg BT 268.04 239.35 Td (business ) Tj ET Q q 0 0 0 rg BT 304.12 239.35 Td (processes ) Tj ET Q q 0 0 0 rg BT 344.63 239.35 Td (as ) Tj ET Q q 0 0 0 rg BT 355.14 239.35 Td (well ) Tj ET Q q 0 0 0 rg BT 374.54 239.35 Td (as ) Tj ET Q q 0 0 0 rg BT 385.06 239.35 Td (methods ) Tj ET Q q 0 0 0 rg BT 421.13 239.35 Td (to ) Tj ET Q q 0 0 0 rg BT 431.09 239.35 Td (avoid ) Tj ET Q q 0 0 0 rg BT 455.50 239.35 Td (or ) Tj ET Q q 0 0 0 rg BT 466.01 239.35 Td (reduce ) Tj ET Q q 0 0 0 rg BT 494.84 239.35 Td (expenses ) Tj ET Q q 0 0 0 rg BT 533.13 239.35 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 239.35 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.35 Td (not ) Tj ET Q q 0 0 0 rg BT 64.78 227.35 Td (tied ) Tj ET Q q 0 0 0 rg BT 82.27 227.35 Td (to ) Tj ET Q q 0 0 0 rg BT 92.55 227.35 Td (revenue ) Tj ET Q q 0 0 0 rg BT 126.70 227.35 Td (generating ) Tj ET Q q 0 0 0 rg BT 171.40 227.35 Td (activities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 201.35 Td (Customers ) Tj ET Q q 0 0 0 rg BT 96.60 201.35 Td (Adopting ) Tj ET Q q 0 0 0 rg BT 135.77 201.35 Td (Multi-Channel ) Tj ET Q q 0 0 0 rg BT 197.15 201.35 Td (Strategies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 184.35 Td (Customers ) Tj ET Q q 0 0 0 rg BT 118.64 184.35 Td (are ) Tj ET Q q 0 0 0 rg BT 134.22 184.35 Td (developing ) Tj ET Q q 0 0 0 rg BT 182.02 184.35 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 240.92 184.35 Td (strategies ) Tj ET Q q 0 0 0 rg BT 282.05 184.35 Td (beyond ) Tj ET Q q 0 0 0 rg BT 314.85 184.35 Td (a ) Tj ET Q q 0 0 0 rg BT 322.66 184.35 Td (single ) Tj ET Q q 0 0 0 rg BT 349.91 184.35 Td (retail, ) Tj ET Q q 0 0 0 rg BT 376.32 184.35 Td (correspondent ) Tj ET Q q 0 0 0 rg BT 436.33 184.35 Td (or ) Tj ET Q q 0 0 0 rg BT 448.02 184.35 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 491.38 184.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 532.50 184.35 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.35 Td (channel ) Tj ET Q q 0 0 0 rg BT 83.79 172.35 Td (in ) Tj ET Q q 0 0 0 rg BT 94.76 172.35 Td (order ) Tj ET Q q 0 0 0 rg BT 119.05 172.35 Td (to ) Tj ET Q q 0 0 0 rg BT 130.02 172.35 Td (grow ) Tj ET Q q 0 0 0 rg BT 153.77 172.35 Td (their ) Tj ET Q q 0 0 0 rg BT 175.29 172.35 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 222.97 172.35 Td (The ) Tj ET Q q 0 0 0 rg BT 241.71 172.35 Td (requirements ) Tj ET Q q 0 0 0 rg BT 297.11 172.35 Td (of ) Tj ET Q q 0 0 0 rg BT 308.63 172.35 Td (these ) Tj ET Q q 0 0 0 rg BT 332.37 172.35 Td (dif) Tj ET Q q 0 0 0 rg BT 343.30 172.35 Td (ferent ) Tj ET Q q 0 0 0 rg BT 369.81 172.35 Td (channels ) Tj ET Q q 0 0 0 rg BT 407.98 172.35 Td (vary ) Tj ET Q q 0 0 0 rg BT 428.95 172.35 Td (and ) Tj ET Q q 0 0 0 rg BT 446.58 172.35 Td (in ) Tj ET Q q 0 0 0 rg BT 457.55 172.35 Td (order ) Tj ET Q q 0 0 0 rg BT 481.84 172.35 Td (to ) Tj ET Q q 0 0 0 rg BT 492.81 172.35 Td (maintain ) Tj ET Q q 0 0 0 rg BT 531.00 172.35 Td (a ) Tj ET Q q 0 0 0 rg BT 538.63 172.35 Td (single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.76 160.35 Td (system, ) Tj ET Q q 0 0 0 rg BT 122.54 160.35 Td (customers ) Tj ET Q q 0 0 0 rg BT 165.59 160.35 Td (must ) Tj ET Q q 0 0 0 rg BT 187.54 160.35 Td (use ) Tj ET Q q 0 0 0 rg BT 203.37 160.35 Td (a ) Tj ET Q q 0 0 0 rg BT 210.31 160.35 Td (robust ) Tj ET Q q 0 0 0 rg BT 237.81 160.35 Td (system ) Tj ET Q q 0 0 0 rg BT 268.08 160.35 Td (with ) Tj ET Q q 0 0 0 rg BT 288.36 160.35 Td (customizable ) Tj ET Q q 0 0 0 rg BT 343.62 160.35 Td (functionality) Tj ET Q q 0 0 0 rg BT 394.07 160.35 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 92.35 Td (________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.15 67.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 67.42 Td (Mortgage Bankers ) Tj ET Q q 0 0 0 rg BT 143.59 67.42 Td (Association, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 195.81 67.42 Td (Independent Mortgage Bank V) Tj ET Q q 0 0 0 rg BT 317.72 67.42 Td (olumes Up, Pr) Tj ET Q q 0 0 0 rg BT 375.40 67.42 Td (oduction Pr) Tj ET Q q 0 0 0 rg BT 422.52 67.42 Td (ofits Stable in 3r) Tj ET Q q 0 0 0 rg BT 488.54 67.42 Td (d Quarter 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 57.42 Td (December 7, 2016.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (5) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 740.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 89.00 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.28 740.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 145.48 740.10 Td (Affecting ) Tj ET Q q 0 0 0 rg BT 184.08 740.10 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 218.80 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.30 740.10 Td (Investors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 113.85 723.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 146.32 723.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 193.23 723.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 230.14 723.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.40 723.10 Td (change ) Tj ET Q q 0 0 0 rg BT 271.19 723.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.10 723.10 Td (many ) Tj ET Q q 0 0 0 rg BT 312.79 723.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 356.36 723.10 Td (reforms ) Tj ET Q q 0 0 0 rg BT 389.94 723.10 Td (have ) Tj ET Q q 0 0 0 rg BT 411.29 723.10 Td (been ) Tj ET Q q 0 0 0 rg BT 432.64 723.10 Td (introduced ) Tj ET Q q 0 0 0 rg BT 477.88 723.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.69 723.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 527.82 723.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.08 723.10 Td (recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.74 711.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.66 711.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 121.13 711.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 162.02 711.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 216.82 711.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 257.73 711.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.31 711.10 Td (accountability ) Tj ET Q q 0 0 0 rg BT 335.10 711.10 Td (by ) Tj ET Q q 0 0 0 rg BT 348.24 711.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 380.26 711.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.84 711.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 438.75 711.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 487.72 711.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 516.96 711.10 Td (meaningful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 96.09 699.10 Td (by ) Tj ET Q q 0 0 0 rg BT 108.23 699.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 139.26 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.18 699.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 194.37 699.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 229.27 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.64 699.10 Td (transparency ) Tj ET Q q 0 0 0 rg BT 296.87 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.46 699.10 Td (objectivity ) Tj ET Q q 0 0 0 rg BT 358.37 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.85 699.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 412.10 699.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 448.95 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.54 699.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 495.45 699.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 540.36 699.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 699.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.78 687.10 Td (market ) Tj ET Q q 0 0 0 rg BT 120.07 687.10 Td (from ) Tj ET Q q 0 0 0 rg BT 142.03 687.10 Td (unfair ) Tj ET Q q 0 0 0 rg BT 168.43 687.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.28 687.10 Td (abuse ) Tj ET Q q 0 0 0 rg BT 204.57 687.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 237.08 687.10 Td (practices. ) Tj ET Q q 0 0 0 rg BT 277.64 687.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 303.49 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.34 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.08 687.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 373.81 687.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 408.54 687.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.84 687.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 465.79 687.10 Td (were ) Tj ET Q q 0 0 0 rg BT 487.74 687.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 515.26 687.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.56 687.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 548.08 687.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 71.45 675.10 Td (including ) Tj ET Q q 0 0 0 rg BT 111.17 675.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 132.55 675.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 166.70 675.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 203.65 675.10 Td (from ) Tj ET Q q 0 0 0 rg BT 225.03 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.20 675.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 289.88 675.10 Td (W) Tj ET Q q 0 0 0 rg BT 298.52 675.10 Td (all ) Tj ET Q q 0 0 0 rg BT 310.46 675.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 335.74 675.10 Td (Reform ) Tj ET Q q 0 0 0 rg BT 368.23 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.62 675.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 427.67 675.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 470.29 675.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 489.18 675.10 Td (or ) Tj ET Q q 0 0 0 rg BT 499.46 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.62 675.10 Td (Dodd-Frank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 69.37 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.75 663.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 130.77 663.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 178.14 663.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 206.08 663.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.01 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.16 663.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 278.21 663.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 318.35 663.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 362.39 663.10 Td (Bureau, ) Tj ET Q q 0 0 0 rg BT 396.70 663.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.97 663.10 Td (CFPB. ) Tj ET Q q 0 0 0 rg BT 437.65 663.10 Td (These ) Tj ET Q q 0 0 0 rg BT 464.46 663.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 508.49 663.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 543.63 663.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (complicated ) Tj ET Q q 0 0 0 rg BT 100.06 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.97 651.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 153.42 651.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 199.00 651.10 Td (process ) Tj ET Q q 0 0 0 rg BT 230.68 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.81 651.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 286.26 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.16 651.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 331.85 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.87 651.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 402.99 651.10 Td (required ) Tj ET Q q 0 0 0 rg BT 438.00 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.47 651.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 484.71 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.84 651.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 520.86 651.10 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (mortgages. ) Tj ET Q q 0 0 0 rg BT 95.44 639.10 Td (W) Tj ET Q q 0 0 0 rg BT 104.08 639.10 Td (e ) Tj ET Q q 0 0 0 rg BT 110.44 639.10 Td (have ) Tj ET Q q 0 0 0 rg BT 131.25 639.10 Td (made ) Tj ET Q q 0 0 0 rg BT 154.83 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.19 639.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 199.21 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.92 639.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 245.28 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.98 639.10 Td (make ) Tj ET Q q 0 0 0 rg BT 278.56 639.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.70 639.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 372.40 639.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.11 639.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.36 639.10 Td (products ) Tj ET Q q 0 0 0 rg BT 433.73 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.09 639.10 Td (services ) Tj ET Q q 0 0 0 rg BT 484.23 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.93 639.10 Td (address ) Tj ET Q q 0 0 0 rg BT 525.85 639.10 Td (changing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (regulations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (Incr) Tj ET Q q 0 0 0 rg BT 65.79 601.10 Td (eased ) Tj ET Q q 0 0 0 rg BT 91.06 601.10 Td (Quality ) Tj ET Q q 0 0 0 rg BT 123.55 601.10 Td (Standar) Tj ET Q q 0 0 0 rg BT 154.85 601.10 Td (ds ) Tj ET Q q 0 0 0 rg BT 166.24 601.10 Td (Imposed ) Tj ET Q q 0 0 0 rg BT 202.63 601.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.56 601.10 Td (Regulators, ) Tj ET Q q 0 0 0 rg BT 263.45 601.10 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 298.17 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.67 601.10 Td (Investors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 584.10 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 108.11 584.10 Td (have ) Tj ET Q q 0 0 0 rg BT 130.38 584.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 175.99 584.10 Td (many ) Tj ET Q q 0 0 0 rg BT 201.61 584.10 Td (high-risk ) Tj ET Q q 0 0 0 rg BT 241.12 584.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 261.73 584.10 Td (product ) Tj ET Q q 0 0 0 rg BT 295.68 584.10 Td (of) Tj ET Q q 0 0 0 rg BT 303.83 584.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 335.00 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.84 584.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 406.23 584.10 Td (tightened ) Tj ET Q q 0 0 0 rg BT 446.84 584.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 501.89 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.73 584.10 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 105.74 572.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 142.32 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.36 572.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 184.01 572.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 203.32 572.10 Td (higher) Tj ET Q q 0 0 0 rg BT 228.67 572.10 Td (-quality) Tj ET Q q 0 0 0 rg BT 259.12 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.16 572.10 Td (lower) Tj ET Q q 0 0 0 rg BT 285.73 572.10 Td (-risk ) Tj ET Q q 0 0 0 rg BT 305.60 572.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 328.25 572.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.57 572.10 Td (which ) Tj ET Q q 0 0 0 rg BT 363.55 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.87 572.10 Td (invest. ) Tj ET Q q 0 0 0 rg BT 400.80 572.10 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 444.57 572.10 Td (with ) Tj ET Q q 0 0 0 rg BT 463.89 572.10 Td (these ) Tj ET Q q 0 0 0 rg BT 485.98 572.10 Td (tightened ) Tj ET Q q 0 0 0 rg BT 524.73 572.10 Td (standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.71 560.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 119.95 560.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 150.60 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.80 560.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 204.68 560.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.65 560.10 Td (demanding ) Tj ET Q q 0 0 0 rg BT 264.85 560.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 304.37 560.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 329.46 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.56 560.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 400.75 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.85 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.83 560.10 Td (data ) Tj ET Q q 0 0 0 rg BT 443.26 560.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 465.02 560.10 Td (which ) Tj ET Q q 0 0 0 rg BT 491.23 560.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.43 560.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 529.19 560.10 Td (decision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (will ) Tj ET Q q 0 0 0 rg BT 66.97 548.10 Td (be ) Tj ET Q q 0 0 0 rg BT 78.32 548.10 Td (based, ) Tj ET Q q 0 0 0 rg BT 105.50 548.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 145.16 548.10 Td (use ) Tj ET Q q 0 0 0 rg BT 160.41 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.65 548.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 215.32 548.10 Td (services ) Tj ET Q q 0 0 0 rg BT 249.44 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.13 548.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 286.04 548.10 Td (unbiased ) Tj ET Q q 0 0 0 rg BT 323.50 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.85 548.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 390.63 548.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 438.63 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.87 548.10 Td (borrowers) Tj ET Q q 0 0 0 rg BT 492.00 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.91 548.10 Td (creditworthiness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 79.59 536.10 Td (proof ) Tj ET Q q 0 0 0 rg BT 103.59 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.26 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.82 536.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 168.91 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.58 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.13 536.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 233.67 536.10 Td (securing ) Tj ET Q q 0 0 0 rg BT 269.89 536.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 313.88 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.66 536.10 Td (strict ) Tj ET Q q 0 0 0 rg BT 352.99 536.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 401.42 536.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.54 536.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 464.97 536.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 521.84 536.10 Td (This ) Tj ET Q q 0 0 0 rg BT 541.96 536.10 Td (trend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (further ) Tj ET Q q 0 0 0 rg BT 80.36 524.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 120.66 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.53 524.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 170.18 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.16 524.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 245.25 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.34 524.10 Td (number ) Tj ET Q q 0 0 0 rg BT 297.54 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.52 524.10 Td (services ) Tj ET Q q 0 0 0 rg BT 345.38 524.10 Td (required ) Tj ET Q q 0 0 0 rg BT 382.35 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.79 524.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 432.98 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.07 524.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 473.06 524.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 518.36 524.10 Td (mortgages. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (Increased ) Tj ET Q q 0 0 0 rg BT 89.65 512.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 141.46 512.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.30 512.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 182.90 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.18 512.10 Td (state ) Tj ET Q q 0 0 0 rg BT 219.35 512.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 261.18 512.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 301.34 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.96 512.10 Td (encourage ) Tj ET Q q 0 0 0 rg BT 353.89 512.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 393.50 512.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 438.66 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.28 512.10 Td (explore ) Tj ET Q q 0 0 0 rg BT 480.11 512.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 526.39 512.10 Td (solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 500.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 100.04 500.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 138.07 500.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 172.79 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.73 500.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 217.22 500.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 269.70 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.97 500.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 317.45 500.10 Td (originating ) Tj ET Q q 0 0 0 rg BT 363.83 500.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 406.32 500.10 Td (loans.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 429.93 500.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 60.24 474.10 Td (eater ) Tj ET Q q 0 0 0 rg BT 83.29 474.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 106.90 474.10 Td (by ) Tj ET Q q 0 0 0 rg BT 118.84 474.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 161.89 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.39 474.10 Td (r) Tj ET Q q 0 0 0 rg BT 182.91 474.10 Td (egulators ) Tj ET Q q 0 0 0 rg BT 223.19 474.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.69 474.10 Td (data ) Tj ET Q q 0 0 0 rg BT 255.96 474.10 Td (security ) Tj ET Q q 0 0 0 rg BT 290.12 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.62 474.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 349.00 474.10 Td (privacy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 457.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 102.21 457.10 Td (high-profile ) Tj ET Q q 0 0 0 rg BT 151.92 457.10 Td (data ) Tj ET Q q 0 0 0 rg BT 170.53 457.10 Td (security ) Tj ET Q q 0 0 0 rg BT 204.13 457.10 Td (incidents ) Tj ET Q q 0 0 0 rg BT 242.18 457.10 Td (af) Tj ET Q q 0 0 0 rg BT 249.77 457.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 279.48 457.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 313.65 457.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 360.05 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.44 457.10 Td (their ) Tj ET Q q 0 0 0 rg BT 396.71 457.10 Td (third ) Tj ET Q q 0 0 0 rg BT 417.54 457.10 Td (party ) Tj ET Q q 0 0 0 rg BT 440.04 457.10 Td (service ) Tj ET Q q 0 0 0 rg BT 470.30 457.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 510.02 457.10 Td (have ) Tj ET Q q 0 0 0 rg BT 530.84 457.10 Td (resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.03 445.10 Td (an ) Tj ET Q q 0 0 0 rg BT 70.22 445.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 109.73 445.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 133.14 445.10 Td (on ) Tj ET Q q 0 0 0 rg BT 144.89 445.10 Td (data ) Tj ET Q q 0 0 0 rg BT 163.30 445.10 Td (security ) Tj ET Q q 0 0 0 rg BT 196.71 445.10 Td (by ) Tj ET Q q 0 0 0 rg BT 208.46 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.54 445.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 265.84 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.03 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 297.11 445.10 Td (customers) Tj ET Q q 0 0 0 rg BT 340.25 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.00 445.10 Td (regulators. ) Tj ET Q q 0 0 0 rg BT 386.11 445.10 Td (W) Tj ET Q q 0 0 0 rg BT 394.75 445.10 Td (e ) Tj ET Q q 0 0 0 rg BT 400.94 445.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 428.78 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.75 445.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 477.28 445.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 500.69 445.10 Td (on ) Tj ET Q q 0 0 0 rg BT 512.44 445.10 Td (data ) Tj ET Q q 0 0 0 rg BT 530.85 445.10 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 433.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 96.71 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.99 433.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 142.24 433.10 Td (as ) Tj ET Q q 0 0 0 rg BT 153.07 433.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 198.34 433.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 234.70 433.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 264.95 433.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 301.34 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.17 433.10 Td (data ) Tj ET Q q 0 0 0 rg BT 331.33 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.26 433.10 Td (as ) Tj ET Q q 0 0 0 rg BT 359.09 433.10 Td (future ) Tj ET Q q 0 0 0 rg BT 385.47 433.10 Td (data ) Tj ET Q q 0 0 0 rg BT 404.63 433.10 Td (security ) Tj ET Q q 0 0 0 rg BT 438.78 433.10 Td (incidents ) Tj ET Q q 0 0 0 rg BT 477.39 433.10 Td (occur) Tj ET Q q 0 0 0 rg BT 499.04 433.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.60 407.10 Td (Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 390.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.57 390.10 Td (mission ) Tj ET Q q 0 0 0 rg BT 124.21 390.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.41 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.71 390.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.67 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.41 390.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 205.71 390.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 242.10 390.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 279.06 390.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.24 390.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 337.41 390.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 377.70 390.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 424.10 390.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.40 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.14 390.10 Td (United ) Tj ET Q q 0 0 0 rg BT 478.88 390.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 507.79 390.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 526.97 390.10 Td (elements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 378.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.16 378.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 110.32 378.10 Td (include:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 361.10 Td (Incr) Tj ET Q q 0 0 0 rg BT 88.79 361.10 Td (ease ) Tj ET Q q 0 0 0 rg BT 109.57 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.79 361.10 Td (number ) Tj ET Q q 0 0 0 rg BT 158.35 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.14 361.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 217.70 361.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.32 361.10 Td (W) Tj ET Q q 0 0 0 rg BT 254.95 361.10 Td (e ) Tj ET Q q 0 0 0 rg BT 262.40 361.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 299.84 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.63 361.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 335.30 361.10 Td (our ) Tj ET Q q 0 0 0 rg BT 351.64 361.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 397.69 361.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 420.14 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.59 361.10 Td (product ) Tj ET Q q 0 0 0 rg BT 471.14 361.10 Td (development ) Tj ET Q q 0 0 0 rg BT 525.80 361.10 Td (ef) Tj ET Q q 0 0 0 rg BT 533.39 361.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 554.73 361.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 349.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.79 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.54 349.10 Td (number ) Tj ET Q q 0 0 0 rg BT 130.61 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.48 349.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 179.77 349.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 212.68 349.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 261.41 349.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 288.77 349.10 Td (thrifts, ) Tj ET Q q 0 0 0 rg BT 316.69 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.66 349.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 356.96 349.10 Td (unions ) Tj ET Q q 0 0 0 rg BT 385.16 349.10 Td (using ) Tj ET Q q 0 0 0 rg BT 408.36 349.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 455.44 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.41 349.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.28 349.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 527.80 349.10 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 337.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 92.48 337.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 124.47 337.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 162.57 337.10 Td (require ) Tj ET Q q 0 0 0 rg BT 193.99 337.10 Td (software ) Tj ET Q q 0 0 0 rg BT 231.53 337.10 Td (with ) Tj ET Q q 0 0 0 rg BT 252.41 337.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 316.05 337.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 370.26 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.15 337.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 403.69 337.10 Td (their ) Tj ET Q q 0 0 0 rg BT 425.12 337.10 Td (various ) Tj ET Q q 0 0 0 rg BT 457.67 337.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 483.54 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.09 337.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 541.40 337.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 325.10 Td (most ) Tj ET Q q 0 0 0 rg BT 72.00 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.38 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.64 325.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 139.79 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.27 325.10 Td (other ) Tj ET Q q 0 0 0 rg BT 178.87 325.10 Td (services ) Tj ET Q q 0 0 0 rg BT 213.12 325.10 Td (available ) Tj ET Q q 0 0 0 rg BT 251.26 325.10 Td (on ) Tj ET Q q 0 0 0 rg BT 263.31 325.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.58 325.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 298.51 325.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 318.32 325.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.31 325.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.36 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.19 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.45 325.10 Td (process ) Tj ET Q q 0 0 0 rg BT 411.49 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.87 325.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 455.03 325.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 480.54 325.10 Td (W) Tj ET Q q 0 0 0 rg BT 489.17 325.10 Td (e ) Tj ET Q q 0 0 0 rg BT 495.66 325.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 532.14 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.97 325.10 Td (grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 313.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.77 313.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 87.15 313.10 Td (department ) Tj ET Q q 0 0 0 rg BT 134.08 313.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.35 313.10 Td (we ) Tj ET Q q 0 0 0 rg BT 157.95 313.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 185.99 313.10 Td (many ) Tj ET Q q 0 0 0 rg BT 210.15 313.10 Td (non-Encompass ) Tj ET Q q 0 0 0 rg BT 275.97 313.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 315.67 313.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 346.49 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.21 313.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 382.60 313.10 Td (new ) Tj ET Q q 0 0 0 rg BT 401.20 313.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 437.58 313.10 Td (options ) Tj ET Q q 0 0 0 rg BT 468.97 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.35 313.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 516.15 313.10 Td (their ) Tj ET Q q 0 0 0 rg BT 536.42 313.10 Td (legacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 301.10 Td (systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.17 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.72 301.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.05 301.10 Td (response ) Tj ET Q q 0 0 0 rg BT 132.59 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.92 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.69 301.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 197.99 301.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 228.31 301.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 268.63 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.62 301.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 334.26 301.10 Td (mandates ) Tj ET Q q 0 0 0 rg BT 374.57 301.10 Td (af) Tj ET Q q 0 0 0 rg BT 382.16 301.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 412.48 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.24 301.10 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.37 301.10 Td (. ) Tj ET Q q 0 0 0 rg BT 464.24 301.10 Td (W) Tj ET Q q 0 0 0 rg BT 472.88 301.10 Td (e ) Tj ET Q q 0 0 0 rg BT 479.86 301.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 507.41 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.74 301.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.72 301.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 289.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 74.66 289.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.49 289.10 Td (ef) Tj ET Q q 0 0 0 rg BT 98.08 289.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 118.91 289.10 Td (on ) Tj ET Q q 0 0 0 rg BT 131.41 289.10 Td (all ) Tj ET Q q 0 0 0 rg BT 143.90 289.10 Td (segments, ) Tj ET Q q 0 0 0 rg BT 186.12 289.10 Td (including ) Tj ET Q q 0 0 0 rg BT 226.39 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.11 289.10 Td (lar) Tj ET Q q 0 0 0 rg BT 251.48 289.10 Td (gest, ) Tj ET Q q 0 0 0 rg BT 272.58 289.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.42 289.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 325.34 289.10 Td (segment, ) Tj ET Q q 0 0 0 rg BT 363.66 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.49 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.21 289.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 421.71 289.10 Td (industry) Tj ET Q q 0 0 0 rg BT 453.83 289.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 272.10 Td (Expand ) Tj ET Q q 0 0 0 rg BT 105.80 272.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.44 272.10 Td (pr) Tj ET Q q 0 0 0 rg BT 130.96 272.10 Td (oduct ) Tj ET Q q 0 0 0 rg BT 155.93 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.68 272.10 Td (service ) Tj ET Q q 0 0 0 rg BT 204.75 272.10 Td (offerings ) Tj ET Q q 0 0 0 rg BT 243.06 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.59 272.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 301.89 272.10 Td (users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.00 272.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 325.50 272.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.50 272.10 Td (By ) Tj ET Q q 0 0 0 rg BT 344.92 272.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 381.01 272.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.09 272.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 460.37 272.10 Td (suite ) Tj ET Q q 0 0 0 rg BT 482.01 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.09 272.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 528.06 272.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.38 260.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 104.52 260.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 147.50 260.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 172.16 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.81 260.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 204.25 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.12 260.10 Td (ef) Tj ET Q q 0 0 0 rg BT 228.71 260.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 245.58 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.35 260.10 Td (cobbling ) Tj ET Q q 0 0 0 rg BT 293.78 260.10 Td (together ) Tj ET Q q 0 0 0 rg BT 328.98 260.10 Td (two ) Tj ET Q q 0 0 0 rg BT 346.42 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 357.18 260.10 Td (more ) Tj ET Q q 0 0 0 rg BT 380.17 260.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 418.72 260.10 Td (from ) Tj ET Q q 0 0 0 rg BT 440.60 260.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.36 260.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 501.01 260.10 Td (vendors. ) Tj ET Q q 0 0 0 rg BT 537.43 260.10 Td (T) Tj ET Q q 0 0 0 rg BT 542.84 260.10 Td (o ) Tj ET Q q 0 0 0 rg BT 550.28 260.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 248.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 77.07 248.10 Td (users ) Tj ET Q q 0 0 0 rg BT 99.76 248.10 Td (do ) Tj ET Q q 0 0 0 rg BT 111.89 248.10 Td (not ) Tj ET Q q 0 0 0 rg BT 126.80 248.10 Td (subscribe ) Tj ET Q q 0 0 0 rg BT 166.71 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.62 248.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.09 248.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 226.44 248.10 Td (of) Tj ET Q q 0 0 0 rg BT 234.59 248.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 263.10 248.10 Td (we ) Tj ET Q q 0 0 0 rg BT 276.90 248.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 304.03 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.94 248.10 Td (encourage ) Tj ET Q q 0 0 0 rg BT 357.16 248.10 Td (use ) Tj ET Q q 0 0 0 rg BT 372.63 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.09 248.10 Td (more ) Tj ET Q q 0 0 0 rg BT 405.77 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.24 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.59 248.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 478.27 248.10 Td (services ) Tj ET Q q 0 0 0 rg BT 512.61 248.10 Td (we ) Tj ET Q q 0 0 0 rg BT 526.41 248.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 236.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.65 236.10 Td (fer) Tj ET Q q 0 0 0 rg BT 69.35 236.10 Td (, ) Tj ET Q q 0 0 0 rg BT 73.10 236.10 Td (such ) Tj ET Q q 0 0 0 rg BT 92.68 236.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.26 236.10 Td (document ) Tj ET Q q 0 0 0 rg BT 142.95 236.10 Td (preparation, ) Tj ET Q q 0 0 0 rg BT 192.23 236.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 232.90 236.10 Td (document ) Tj ET Q q 0 0 0 rg BT 273.59 236.10 Td (management ) Tj ET Q q 0 0 0 rg BT 325.93 236.10 Td (\(EDM\), ) Tj ET Q q 0 0 0 rg BT 367.44 236.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 414.78 236.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 450.74 236.10 Td (product ) Tj ET Q q 0 0 0 rg BT 482.53 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.22 236.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 527.80 236.10 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 224.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 75.09 224.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 113.28 224.10 Td (income ) Tj ET Q q 0 0 0 rg BT 146.21 224.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.91 224.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 211.49 224.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 249.68 224.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 274.28 224.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 312.48 224.10 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 352.06 224.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 390.26 224.10 Td (website ) Tj ET Q q 0 0 0 rg BT 424.29 224.10 Td (hosting ) Tj ET Q q 0 0 0 rg BT 457.23 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.16 224.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 515.30 224.10 Td (relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 212.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 106.19 212.10 Td (As ) Tj ET Q q 0 0 0 rg BT 120.00 212.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.03 212.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 179.27 212.10 Td (opt ) Tj ET Q q 0 0 0 rg BT 194.75 212.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.11 212.10 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 265.13 212.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 312.81 212.10 Td (software ) Tj ET Q q 0 0 0 rg BT 349.94 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.07 212.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 404.48 212.10 Td (we ) Tj ET Q q 0 0 0 rg BT 418.84 212.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 455.40 212.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 498.08 212.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 538.62 212.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 200.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.93 200.10 Td (services ) Tj ET Q q 0 0 0 rg BT 99.35 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.79 200.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 140.99 200.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 160.43 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.43 200.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 208.19 200.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 231.52 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.18 200.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.40 200.10 Td (encouraging ) Tj ET Q q 0 0 0 rg BT 312.04 200.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.59 200.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 370.36 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.35 200.10 Td (use ) Tj ET Q q 0 0 0 rg BT 395.90 200.10 Td (these ) Tj ET Q q 0 0 0 rg BT 418.67 200.10 Td (through ) Tj ET Q q 0 0 0 rg BT 452.00 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.43 200.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 514.20 200.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 550.85 200.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 188.10 Td (can ) Tj ET Q q 0 0 0 rg BT 66.97 188.10 Td (help ) Tj ET Q q 0 0 0 rg BT 86.77 188.10 Td (of) Tj ET Q q 0 0 0 rg BT 94.92 188.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 108.61 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.42 188.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 151.00 188.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 181.34 188.10 Td (ef) Tj ET Q q 0 0 0 rg BT 188.93 188.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 223.72 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.75 188.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 259.45 188.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 292.04 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.07 188.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 346.09 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.46 188.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 379.60 188.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 422.18 188.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 456.41 188.10 Td (per ) Tj ET Q q 0 0 0 rg BT 471.77 188.10 Td (user) Tj ET Q q 0 0 0 rg BT 487.88 188.10 Td (. ) Tj ET Q q 0 0 0 rg BT 492.78 188.10 Td (W) Tj ET Q q 0 0 0 rg BT 501.42 188.10 Td (e ) Tj ET Q q 0 0 0 rg BT 508.45 188.10 Td (also ) Tj ET Q q 0 0 0 rg BT 527.15 188.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 554.73 188.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 176.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 84.66 176.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 127.15 176.10 Td (products ) Tj ET Q q 0 0 0 rg BT 164.08 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.02 176.10 Td (services ) Tj ET Q q 0 0 0 rg BT 215.73 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.01 176.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 242.39 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.67 176.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.50 176.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 316.55 176.10 Td (users.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 159.10 Td (Invest ) Tj ET Q q 0 0 0 rg BT 99.55 159.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.50 159.10 Td (new ) Tj ET Q q 0 0 0 rg BT 129.79 159.10 Td (pr) Tj ET Q q 0 0 0 rg BT 138.31 159.10 Td (oduct ) Tj ET Q q 0 0 0 rg BT 163.70 159.10 Td (& ) Tj ET Q q 0 0 0 rg BT 174.65 159.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 212.27 159.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 268.48 159.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.65 159.10 Td (W) Tj ET Q q 0 0 0 rg BT 280.29 159.10 Td (e ) Tj ET Q q 0 0 0 rg BT 287.90 159.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.28 159.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 343.12 159.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.07 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.46 159.10 Td (development ) Tj ET Q q 0 0 0 rg BT 424.29 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.79 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.18 159.10 Td (next ) Tj ET Q q 0 0 0 rg BT 471.57 159.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 516.95 159.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 147.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 90.16 147.10 Td (known ) Tj ET Q q 0 0 0 rg BT 120.11 147.10 Td (as ) Tj ET Q q 0 0 0 rg BT 131.17 147.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 179.45 147.10 Td (NG, ) Tj ET Q q 0 0 0 rg BT 199.12 147.10 Td (as ) Tj ET Q q 0 0 0 rg BT 210.18 147.10 Td (well ) Tj ET Q q 0 0 0 rg BT 230.12 147.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.18 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.13 147.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 291.06 147.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 337.10 147.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 385.38 147.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 421.43 147.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 462.78 147.10 Td (each ) Tj ET Q q 0 0 0 rg BT 483.82 147.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.88 147.10 Td (which ) Tj ET Q q 0 0 0 rg BT 522.05 147.10 Td (is ) Tj ET Q q 0 0 0 rg BT 531.44 147.10 Td (built ) Tj ET Q q 0 0 0 rg BT 552.51 147.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.33 135.10 Td (new ) Tj ET Q q 0 0 0 rg BT 84.60 135.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 132.77 135.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 168.70 135.10 Td (Platform ) Tj ET Q q 0 0 0 rg BT 206.31 135.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.37 135.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 250.39 135.10 Td (Application ) Tj ET Q q 0 0 0 rg BT 300.22 135.10 Td (Program ) Tj ET Q q 0 0 0 rg BT 337.27 135.10 Td (Interfaces ) Tj ET Q q 0 0 0 rg BT 379.30 135.10 Td (\(APIs\) ) Tj ET Q q 0 0 0 rg BT 417.45 135.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.85 135.10 Td (of) Tj ET Q q 0 0 0 rg BT 436.00 135.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 449.71 135.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 479.54 135.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 527.69 135.10 Td (that ) Tj ET Q q 0 0 0 rg BT 545.30 135.10 Td (help ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 123.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 86.33 123.10 Td (visibility ) Tj ET Q q 0 0 0 rg BT 124.39 123.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.33 123.10 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 196.58 123.10 Td (between ) Tj ET Q q 0 0 0 rg BT 232.40 123.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 252.12 123.10 Td (of) Tj ET Q q 0 0 0 rg BT 260.27 123.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 287.47 123.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 332.74 123.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 381.06 123.10 Td (developers ) Tj ET Q q 0 0 0 rg BT 426.88 123.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.82 123.10 Td (homebuyers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 106.10 Td (Expand ) Tj ET Q q 0 0 0 rg BT 105.29 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.76 106.10 Td (use ) Tj ET Q q 0 0 0 rg BT 135.34 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.36 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.83 106.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 180.96 106.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 200.97 106.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.86 106.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 237.36 106.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.36 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 260.15 106.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 281.28 106.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 301.30 106.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 338.54 106.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 375.22 106.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 415.23 106.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 460.81 106.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 502.47 106.10 Td (access ) Tj ET Q q 0 0 0 rg BT 530.26 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.28 106.10 Td (many ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.42 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.23 94.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 117.94 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.97 94.10 Td (most ) Tj ET Q q 0 0 0 rg BT 159.01 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.93 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.75 94.10 Td (service ) Tj ET Q q 0 0 0 rg BT 218.65 94.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 262.52 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.11 94.10 Td (they ) Tj ET Q q 0 0 0 rg BT 301.92 94.10 Td (need ) Tj ET Q q 0 0 0 rg BT 324.39 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.76 94.10 Td (interact ) Tj ET Q q 0 0 0 rg BT 369.33 94.10 Td (with ) Tj ET Q q 0 0 0 rg BT 390.71 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.08 94.10 Td (order ) Tj ET Q q 0 0 0 rg BT 426.77 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.14 94.10 Td (process ) Tj ET Q q 0 0 0 rg BT 471.73 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.76 94.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 511.68 94.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 538.62 94.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 82.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 101.14 82.10 Td (include ) Tj ET Q q 0 0 0 rg BT 133.46 82.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 175.76 82.10 Td (ordering ) Tj ET Q q 0 0 0 rg BT 212.51 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.72 82.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 249.37 82.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 282.51 82.10 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 321.49 82.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 359.08 82.10 Td (title ) Tj ET Q q 0 0 0 rg BT 377.51 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.83 82.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 418.81 82.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 449.46 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.78 82.10 Td (accessing ) Tj ET Q q 0 0 0 rg BT 507.98 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.07 82.10 Td (automatic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 70.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 104.57 70.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 138.65 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.39 70.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 179.02 70.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 199.20 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.05 70.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 249.01 70.10 Td (Mac. ) Tj ET Q q 0 0 0 rg BT 271.52 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 280.15 70.10 Td (e ) Tj ET Q q 0 0 0 rg BT 287.01 70.10 Td (will ) Tj ET Q q 0 0 0 rg BT 304.97 70.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 341.82 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.01 70.10 Td (encourage ) Tj ET Q q 0 0 0 rg BT 395.51 70.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 435.69 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.43 70.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 489.94 70.10 Td (services ) Tj ET Q q 0 0 0 rg BT 524.56 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.75 70.10 Td (deliver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 58.10 Td (these ) Tj ET Q q 0 0 0 rg BT 73.30 58.10 Td (services ) Tj ET Q q 0 0 0 rg BT 107.76 58.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 164.42 58.10 Td (through ) Tj ET Q q 0 0 0 rg BT 197.78 58.10 Td (theEllie ) Tj ET Q q 0 0 0 rg BT 233.63 58.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 253.65 58.10 Td (Network, ) Tj ET Q q 0 0 0 rg BT 293.39 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.08 58.10 Td (we ) Tj ET Q q 0 0 0 rg BT 323.99 58.10 Td (will ) Tj ET Q q 0 0 0 rg BT 341.80 58.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 378.48 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.51 58.10 Td (encourage ) Tj ET Q q 0 0 0 rg BT 431.85 58.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 469.09 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.67 58.10 Td (these ) Tj ET Q q 0 0 0 rg BT 502.47 58.10 Td (services ) Tj ET Q q 0 0 0 rg BT 536.93 58.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.18 58.10 Td (our ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 740.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.97 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.39 740.10 Td (By ) Tj ET Q q 0 0 0 rg BT 112.49 740.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 158.23 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.09 740.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 219.17 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.92 740.10 Td (current ) Tj ET Q q 0 0 0 rg BT 265.66 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.52 740.10 Td (new ) Tj ET Q q 0 0 0 rg BT 301.61 740.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 338.74 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 352.82 740.10 Td (aim ) Tj ET Q q 0 0 0 rg BT 370.24 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.44 740.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 413.41 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.17 740.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 472.14 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.00 740.10 Td (more ) Tj ET Q q 0 0 0 rg BT 501.97 740.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 728.10 Td (solution.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 711.10 Td (Sell ) Tj ET Q q 0 0 0 rg BT 91.31 711.10 Td (enhanced ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 133.44 711.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 156.13 711.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 177.71 711.10 Td (Network) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.60 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.41 711.10 Td (offerings ) Tj ET Q q 0 0 0 rg BT 254.78 711.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.37 711.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 308.79 711.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 344.54 711.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.35 711.10 Td (service ) Tj ET Q q 0 0 0 rg BT 395.48 711.10 Td (pr) Tj ET Q q 0 0 0 rg BT 404.00 711.10 Td (oviders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.94 711.10 Td (W) Tj ET Q q 0 0 0 rg BT 449.58 711.10 Td (e ) Tj ET Q q 0 0 0 rg BT 457.83 711.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 486.64 711.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.23 711.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 536.47 711.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.07 711.10 Td (add ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 699.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 103.95 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.74 699.10 Td (services ) Tj ET Q q 0 0 0 rg BT 155.30 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.43 699.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.00 699.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 201.24 699.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 221.36 699.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.35 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.70 699.10 Td (so ) Tj ET Q q 0 0 0 rg BT 269.94 699.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 310.91 699.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 344.63 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.43 699.10 Td (service ) Tj ET Q q 0 0 0 rg BT 392.09 699.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 432.21 699.10 Td (can ) Tj ET Q q 0 0 0 rg BT 448.44 699.10 Td (more ) Tj ET Q q 0 0 0 rg BT 471.34 699.10 Td (ef) Tj ET Q q 0 0 0 rg BT 478.93 699.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 516.26 699.10 Td (do ) Tj ET Q q 0 0 0 rg BT 528.62 699.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 687.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.69 687.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 110.86 687.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 156.59 687.10 Td (using ) Tj ET Q q 0 0 0 rg BT 180.67 687.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 231.12 687.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 270.19 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.03 687.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 318.32 687.10 Td (can ) Tj ET Q q 0 0 0 rg BT 334.60 687.10 Td (populate ) Tj ET Q q 0 0 0 rg BT 371.44 687.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 411.61 687.10 Td (originators) Tj ET Q q 0 0 0 rg BT 457.53 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.93 687.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 507.89 687.10 Td (software ) Tj ET Q q 0 0 0 rg BT 544.72 687.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 675.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 83.75 675.10 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 134.49 675.10 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 190.80 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.39 675.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 268.97 675.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 323.33 675.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.14 675.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 360.40 675.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 381.99 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.93 675.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 426.84 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.77 675.10 Td (order ) Tj ET Q q 0 0 0 rg BT 460.03 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.96 675.10 Td (screen ) Tj ET Q q 0 0 0 rg BT 497.65 675.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 520.91 675.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.72 675.10 Td (quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.44 663.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 111.03 663.10 Td (compliance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 646.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 118.60 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.16 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.83 646.10 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.83 646.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 183.33 646.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.33 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 196.97 646.10 Td (e ) Tj ET Q q 0 0 0 rg BT 204.19 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.18 646.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 258.63 646.10 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 311.39 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.96 646.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 364.18 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 381.95 646.10 Td (we ) Tj ET Q q 0 0 0 rg BT 396.40 646.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 428.05 646.10 Td (will ) Tj ET Q q 0 0 0 rg BT 446.39 646.10 Td (help ) Tj ET Q q 0 0 0 rg BT 466.39 646.10 Td (us ) Tj ET Q q 0 0 0 rg BT 478.06 646.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 515.28 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.84 646.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 549.17 646.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 634.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 90.16 634.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 126.75 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.35 634.10 Td (products ) Tj ET Q q 0 0 0 rg BT 181.05 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.76 634.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 236.73 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.44 634.10 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 299.36 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 315.95 634.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 366.43 634.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 410.23 634.10 Td (while ) Tj ET Q q 0 0 0 rg BT 435.71 634.10 Td (bringing ) Tj ET Q q 0 0 0 rg BT 472.86 634.10 Td (sustainable, ) Tj ET Q q 0 0 0 rg BT 523.06 634.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 622.10 Td (value ) Tj ET Q q 0 0 0 rg BT 75.52 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.66 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.35 622.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 149.76 622.10 Td (During ) Tj ET Q q 0 0 0 rg BT 181.46 622.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 207.32 622.10 Td (we ) Tj ET Q q 0 0 0 rg BT 222.34 622.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 263.46 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 280.15 622.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 331.29 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.43 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 359.13 622.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 381.93 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.73 622.10 Td (client ) Tj ET Q q 0 0 0 rg BT 425.30 622.10 Td (services ) Tj ET Q q 0 0 0 rg BT 460.88 622.10 Td (capabilities,research ) Tj ET Q q 0 0 0 rg BT 548.08 622.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 610.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 108.65 610.10 Td (data ) Tj ET Q q 0 0 0 rg BT 129.31 610.10 Td (security) Tj ET Q q 0 0 0 rg BT 160.31 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.81 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.25 610.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 233.69 610.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 291.55 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.33 610.10 Td (support ) Tj ET Q q 0 0 0 rg BT 337.33 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.66 610.10 Td (user ) Tj ET Q q 0 0 0 rg BT 375.32 610.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 415.98 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.42 610.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 466.19 610.10 Td (business ) Tj ET Q q 0 0 0 rg BT 504.08 610.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 538.62 610.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 598.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.83 598.10 Td (include ) Tj ET Q q 0 0 0 rg BT 132.82 598.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 177.04 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.92 598.10 Td (talent ) Tj ET Q q 0 0 0 rg BT 217.69 598.10 Td (across ) Tj ET Q q 0 0 0 rg BT 245.24 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 598.10 Td (or) Tj ET Q q 0 0 0 rg BT 268.16 598.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 312.37 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 324.93 598.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 351.37 598.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 393.92 598.10 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 437.86 598.10 Td (In ) Tj ET Q q 0 0 0 rg BT 448.74 598.10 Td (order ) Tj ET Q q 0 0 0 rg BT 472.40 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.74 598.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 519.73 598.10 Td (supporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.78 586.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 110.28 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.67 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.41 586.10 Td (further ) Tj ET Q q 0 0 0 rg BT 168.57 586.10 Td (dif) Tj ET Q q 0 0 0 rg BT 179.49 586.10 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 220.20 586.10 Td (ourselves, ) Tj ET Q q 0 0 0 rg BT 263.42 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 278.03 586.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 317.08 586.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 358.90 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.85 586.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 423.69 586.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 446.64 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 461.25 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 479.76 586.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 517.15 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.88 586.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 554.72 586.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 574.10 Td (key ) Tj ET Q q 0 0 0 rg BT 66.22 574.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 88.04 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 107.65 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 117.26 574.10 Td (research ) Tj ET Q q 0 0 0 rg BT 151.85 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.56 574.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 223.00 574.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 263.70 574.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 286.92 574.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 322.91 574.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 360.28 574.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 394.06 574.10 Td (data ) Tj ET Q q 0 0 0 rg BT 411.99 574.10 Td (security) Tj ET Q q 0 0 0 rg BT 443.00 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 446.78 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.50 574.10 Td (data ) Tj ET Q q 0 0 0 rg BT 480.44 574.10 Td (center ) Tj ET Q q 0 0 0 rg BT 506.14 574.10 Td (infrastructure. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 562.10 Td (This ) Tj ET Q q 0 0 0 rg BT 72.23 562.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 120.07 562.10 Td (will ) Tj ET Q q 0 0 0 rg BT 139.58 562.10 Td (include ) Tj ET Q q 0 0 0 rg BT 172.97 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.14 562.10 Td (development ) Tj ET Q q 0 0 0 rg BT 244.75 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.03 562.10 Td (current ) Tj ET Q q 0 0 0 rg BT 289.30 562.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 347.12 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.85 562.10 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 418.33 562.10 Td (new ) Tj ET Q q 0 0 0 rg BT 438.95 562.10 Td (users ) Tj ET Q q 0 0 0 rg BT 463.45 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.85 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.13 562.10 Td (next ) Tj ET Q q 0 0 0 rg BT 520.30 562.10 Td (generation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 550.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.55 550.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 137.98 550.10 Td (which ) Tj ET Q q 0 0 0 rg BT 164.92 550.10 Td (we ) Tj ET Q q 0 0 0 rg BT 179.08 550.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 207.67 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.95 550.10 Td (incrementally ) Tj ET Q q 0 0 0 rg BT 275.43 550.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 315.69 550.10 Td (during ) Tj ET Q q 0 0 0 rg BT 344.30 550.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 366.80 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.74 550.10 Td (2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 533.10 Td (Acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.44 533.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 149.09 533.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 185.97 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.74 533.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 226.39 533.10 Td (fragmented, ) Tj ET Q q 0 0 0 rg BT 278.52 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.06 533.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.81 533.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 345.78 533.10 Td (there ) Tj ET Q q 0 0 0 rg BT 369.87 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 386.17 533.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 424.14 533.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 481.01 533.10 Td (available ) Tj ET Q q 0 0 0 rg BT 521.20 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.08 533.10 Td (acquire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 521.10 Td (technology-based ) Tj ET Q q 0 0 0 rg BT 123.02 521.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 167.78 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.77 521.10 Td (will ) Tj ET Q q 0 0 0 rg BT 202.32 521.10 Td (complement ) Tj ET Q q 0 0 0 rg BT 253.74 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.17 521.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 304.91 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.12 521.10 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 375.53 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.86 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.18 521.10 Td (solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 441.79 521.10 Td (For ) Tj ET Q q 0 0 0 rg BT 457.67 521.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 496.04 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.81 521.10 Td (October ) Tj ET Q q 0 0 0 rg BT 540.01 521.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.95 509.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 102.16 509.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 155.50 509.10 Td (all ) Tj ET Q q 0 0 0 rg BT 168.28 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.40 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.41 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 220.52 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.64 509.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 273.31 509.10 Td (Returns, ) Tj ET Q q 0 0 0 rg BT 309.70 509.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 333.88 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.00 509.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 386.66 509.10 Td (Returns, ) Tj ET Q q 0 0 0 rg BT 423.06 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.29 509.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 466.95 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.07 509.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 525.84 509.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 497.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 100.61 497.10 Td (management ) Tj ET Q q 0 0 0 rg BT 154.59 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.92 497.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 215.36 497.10 Td (automation ) Tj ET Q q 0 0 0 rg BT 263.24 497.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 302.26 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.81 497.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 357.47 497.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 391.53 497.10 Td (W) Tj ET Q q 0 0 0 rg BT 400.57 497.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 414.02 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.13 497.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 475.91 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.13 497.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 528.90 497.10 Td (Returns, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.58 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 79.20 485.10 Td (responding ) Tj ET Q q 0 0 0 rg BT 126.06 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.26 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.89 485.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 176.08 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.83 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.58 485.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 245.54 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 257.96 485.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 287.60 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.45 485.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 321.87 485.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 346.52 485.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 381.17 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 395.25 485.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 426.54 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.29 485.10 Td (all ) Tj ET Q q 0 0 0 rg BT 449.70 485.10 Td (sizes. ) Tj ET Q q 0 0 0 rg BT 473.88 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 482.52 485.10 Td (e ) Tj ET Q q 0 0 0 rg BT 489.38 485.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 517.89 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.09 485.10 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.77 473.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 96.58 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.52 473.10 Td (explore ) Tj ET Q q 0 0 0 rg BT 146.00 473.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 182.37 473.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 237.64 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 255.13 473.10 Td (will ) Tj ET Q q 0 0 0 rg BT 273.18 473.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 308.43 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.15 473.10 Td (breadth ) Tj ET Q q 0 0 0 rg BT 355.63 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.56 473.10 Td (depth ) Tj ET Q q 0 0 0 rg BT 397.28 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.10 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.93 473.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 465.04 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.98 473.10 Td (furthers ) Tj ET Q q 0 0 0 rg BT 515.58 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 531.40 473.10 Td (mission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.33 461.10 Td (automating ) Tj ET Q q 0 0 0 rg BT 108.82 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.54 461.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 148.80 461.10 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 194.62 461.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 234.88 461.10 Td (process ) Tj ET Q q 0 0 0 rg BT 267.37 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.53 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 297.36 461.10 Td (customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 435.10 Td (oducts ) Tj ET Q q 0 0 0 rg BT 90.15 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.77 435.10 Td (Services) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 409.10 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 392.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 121.33 392.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.29 392.10 Td (our ) Tj ET Q q 0 0 0 rg BT 147.91 392.10 Td (proprietary) Tj ET Q q 0 0 0 rg BT 191.68 392.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.47 392.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 261.28 392.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 302.33 392.10 Td (management ) Tj ET Q q 0 0 0 rg BT 356.71 392.10 Td (software ) Tj ET Q q 0 0 0 rg BT 394.42 392.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 429.94 392.10 Td (built ) Tj ET Q q 0 0 0 rg BT 451.56 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 464.84 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.35 392.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 529.18 392.10 Td (Lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (Platform ) Tj ET Q q 0 0 0 rg BT 86.98 380.10 Td (that ) Tj ET Q q 0 0 0 rg BT 104.47 380.10 Td (combines ) Tj ET Q q 0 0 0 rg BT 145.28 380.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 164.98 380.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 211.35 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.28 380.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 270.19 380.10 Td (management ) Tj ET Q q 0 0 0 rg BT 323.77 380.10 Td (software ) Tj ET Q q 0 0 0 rg BT 360.68 380.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.83 380.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 415.08 380.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 460.90 380.10 Td (into ) Tj ET Q q 0 0 0 rg BT 478.94 380.10 Td (an ) Tj ET Q q 0 0 0 rg BT 490.87 380.10 Td (all-in-one ) Tj ET Q q 0 0 0 rg BT 532.23 380.10 Td (system, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.23 368.10 Td (also ) Tj ET Q q 0 0 0 rg BT 86.63 368.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 124.36 368.10 Td (seamless ) Tj ET Q q 0 0 0 rg BT 163.19 368.10 Td (access ) Tj ET Q q 0 0 0 rg BT 192.02 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.09 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.59 368.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 260.49 368.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 295.16 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.89 368.10 Td (service ) Tj ET Q q 0 0 0 rg BT 344.49 368.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 385.55 368.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.84 368.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.35 368.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 436.52 368.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 457.58 368.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.57 368.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.12 368.10 Td (The ) Tj ET Q q 0 0 0 rg BT 516.96 368.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 85.28 356.10 Td (Platform ) Tj ET Q q 0 0 0 rg BT 122.74 356.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 146.30 356.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 191.81 356.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 226.48 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.37 356.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 294.70 356.10 Td (software ) Tj ET Q q 0 0 0 rg BT 331.59 356.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 365.71 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.61 356.10 Td (secure, ) Tj ET Q q 0 0 0 rg BT 403.10 356.10 Td (scalable ) Tj ET Q q 0 0 0 rg BT 437.76 356.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 474.65 356.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 493.78 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.68 356.10 Td (suite ) Tj ET Q q 0 0 0 rg BT 522.02 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.27 356.10 Td (APIs ) Tj ET Q q 0 0 0 rg BT 554.73 356.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 78.27 344.10 Td (them ) Tj ET Q q 0 0 0 rg BT 100.94 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.39 344.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 140.72 344.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 188.94 344.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.39 344.10 Td (new ) Tj ET Q q 0 0 0 rg BT 228.72 344.10 Td (functionality) Tj ET Q q 0 0 0 rg BT 279.17 344.10 Td (, ) Tj ET Q q 0 0 0 rg BT 284.34 344.10 Td (easily ) Tj ET Q q 0 0 0 rg BT 310.34 344.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 348.00 344.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 396.22 344.10 Td (with ) Tj ET Q q 0 0 0 rg BT 416.67 344.10 Td (external ) Tj ET Q q 0 0 0 rg BT 451.54 344.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 485.89 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.00 344.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 524.83 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.94 344.10 Td (build ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 81.10 332.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 132.13 332.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.84 332.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 187.54 332.10 Td (with ) Tj ET Q q 0 0 0 rg BT 208.03 332.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 256.29 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.78 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.71 332.10 Td (cloud. ) Tj ET Q q 0 0 0 rg BT 309.14 332.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 357.41 332.10 Td (helps ) Tj ET Q q 0 0 0 rg BT 381.23 332.10 Td (users ) Tj ET Q q 0 0 0 rg BT 404.49 332.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 442.19 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.34 332.10 Td (streamline ) Tj ET Q q 0 0 0 rg BT 503.71 332.10 Td (their ) Tj ET Q q 0 0 0 rg BT 524.75 332.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 97.20 320.10 Td (process ) Tj ET Q q 0 0 0 rg BT 131.02 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.28 320.10 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 191.97 320.10 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 248.55 320.10 Td (among ) Tj ET Q q 0 0 0 rg BT 279.59 320.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 313.95 320.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 366.65 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.80 320.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.06 320.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 428.64 320.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 476.35 320.10 Td (company) Tj ET Q q 0 0 0 rg BT 512.35 320.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.68 320.10 Td (It ) Tj ET Q q 0 0 0 rg BT 528.61 320.10 Td (supports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 308.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 91.78 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.04 308.10 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 144.79 308.10 Td (reviewing, ) Tj ET Q q 0 0 0 rg BT 189.76 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.69 308.10 Td (verifying ) Tj ET Q q 0 0 0 rg BT 245.83 308.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 286.08 308.10 Td (related ) Tj ET Q q 0 0 0 rg BT 315.77 308.10 Td (data ) Tj ET Q q 0 0 0 rg BT 334.91 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.84 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.10 308.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 405.14 308.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 440.93 308.10 Td (documentation. ) Tj ET Q q 0 0 0 rg BT 505.34 308.10 Td (It ) Tj ET Q q 0 0 0 rg BT 513.94 308.10 Td (also ) Tj ET Q q 0 0 0 rg BT 532.53 308.10 Td (enables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 102.49 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.83 296.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 136.29 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.74 296.10 Td (business ) Tj ET Q q 0 0 0 rg BT 190.65 296.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 229.20 296.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 267.76 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.56 296.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 307.67 296.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 327.91 296.10 Td (quality) Tj ET Q q 0 0 0 rg BT 355.03 296.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.55 296.10 Td (adherence ) Tj ET Q q 0 0 0 rg BT 404.09 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.88 296.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 460.67 296.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 503.95 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.41 296.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (compliance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 267.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.55 267.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 157.49 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.20 267.10 Td (following ) Tj ET Q q 0 0 0 rg BT 213.59 267.10 Td (features ) Tj ET Q q 0 0 0 rg BT 247.73 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.67 267.10 Td (benefits:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 237.60000000000002 m 187 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 237.60000000000002 m 201 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 237.60000000000002 m 563 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 237.60000000000002 m 187 237.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 242.28 Td (Feature) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 242.28 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 228.17 Td (Customer Acquisition and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 218.17 Td (Relationship Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 228.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 228.17 Td (Sales and marketing tools to help acquire and grow new business and pre-qualify) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 218.17 Td (prospective borrowers, while also allowing users to manage contacts, leads, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 208.17 Td (marketing campaigns.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 193.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 193.17 Td (Integration to custom branded websites to help attract new borrowers and create new) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 183.17 Td (loans through an online application that flows directly into the Encompass loan pipeline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 168.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 168.17 Td (Integration to a self-service portal where borrowers can research and apply for a loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 158.17 Td (online. Automatic lead follow-up and customer retention through campaign management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 148.17 Td (capabilities that allow design and execution of multi-step marketing campaigns.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 133.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 133.17 Td (Pre-qualification tools to start loan applications, access integrated pricing engines and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 123.17 Td (easily find appropriate loan products and prices for a borrower.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 108.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 108.17 Td (Automatic status updates posted to a branded website to keep customers and their real) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 98.17 Td (estate and other designated agents informed throughout the loan process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 83.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 83.17 Td (Tools used to track the effectiveness of marketing and relationship building activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 68.17 Td () Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (7) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 731.5 m 187 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 731.5 m 201 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 731.5 m 563 731.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 736.18 Td (Feature) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 736.18 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 722.07 Td (Processing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 722.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 722.07 Td (Configurable pipeline, forms and workflow enable faster loan processing, reduced errors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 712.07 Td (and more efficient business operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 697.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 697.07 Td (Support for multiple business channels using configurable workflows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 682.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 682.07 Td (Alert management allows focus on urgent and relevant issues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 667.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 667.07 Td (Collaboration tools keep stakeholders informed and reduce the need to manually notify) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 657.07 Td (other employees, partners and borrowers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 642.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 642.07 Td (Seamless access to electronic document management simplifies document handling and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 632.07 Td (increases data security.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 617.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 617.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 602.07 Td (Risk Management and Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 592.07 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 602.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 602.07 Td (Centralization of all business data and electronic images.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 577.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 577.07 Td (Built-in rules and safeguards to set and enforce business practices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 562.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 562.07 Td (Management dashboards highlighting key performance indicators.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 547.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 547.07 Td (Predefined reports provide out-of-the-box intelligence and can be modified with a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 537.07 Td (custom report writer.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 522.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 522.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 507.07 Td (Connectivity, Personalization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 497.07 Td (and Integration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 507.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 507.07 Td (Seamless and secure connections to thousands of service providers and investors on the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 497.07 Td (Ellie Mae Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 482.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 481.62 Td (Workflow management to define customer-specific business processes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 467.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 466.62 Td (User-defined experience through a personalized homepage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 452.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 451.62 Td (Integration with third-party applications through a software development kit to leverage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 441.62 Td (existing technology investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 412.07 Td (Underwriting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 412.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 412.07 Td (Ability to collaborate with all origination team members and respond effectively to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 402.07 Td (underwriting requests and track underwriting conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 387.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 386.62 Td (Ability to communicate loan conditions, request and receive mortgage documents and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 376.62 Td (track conditions and documents in a single system.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 362.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 361.62 Td (Access to electronic copies of borrower documents within the loan file and compare) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 351.62 Td (them with actual loan data to reduce risk of data inconsistencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 337.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 322.07 Td (Secondary Marketing and Trade) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 312.07 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 322.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 322.07 Td (Ability to manage lock requests and accurately track buy-side and sell-side pricing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 297.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 297.07 Td (Ability to allocate loans that qualify for trades, track progress and capture key trade) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 287.07 Td (details.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 272.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 272.07 Td (Ability to receive deadline-notification alerts to help avoid late-delivery fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 257.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 242.07 Td (Closing and Funding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 242.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 241.62 Td (Ability to enter closing data, perform audits and order closing documents all within a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 231.62 Td (single loan file.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 217.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 216.62 Td (Automatic population of closing data on funding worksheets, helping to reduce errors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 206.62 Td (and enable faster funding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 192.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 177.07 Td (Post-Closing, Shipping and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 167.07 Td (Delivery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 177.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 171.62 Td (Comprehensive tracking, fulfillment and shipping of loan package.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 152.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 151.62 Td (Tools to manage interim servicing before selling loans to investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 137.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 122.07 Td (Advanced Configuration and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 112.07 Td (Business Rule Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 122.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 121.62 Td (Enterprise-level functionality for higher level security, more granular control of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 111.62 Td (processes and flexible customization of the software.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 97.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.50 96.62 Td (Comprehensive control over workflow, business rules, processes and user groups.) 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 99.23 702.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 140.64 702.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.70 702.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 685.10 Td (Additional solutions of) Tj ET Q q 0 0 0 rg BT 164.54 685.10 Td (fered within our on-demand platform include the following:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.55 659.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 132.83 659.10 Td (Platform ) Tj ET Q q 0 0 0 rg BT 170.89 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.39 659.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 236.44 659.10 Td (Developer ) Tj ET Q q 0 0 0 rg BT 280.58 659.10 Td (Connect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 639.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.47 639.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 138.45 639.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 174.20 639.10 Td (Platform ) Tj ET Q q 0 0 0 rg BT 211.62 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.48 639.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 276.45 639.10 Td (Developer ) Tj ET Q q 0 0 0 rg BT 320.53 639.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 356.28 639.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 379.81 639.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 425.28 639.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 459.92 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.78 639.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 528.08 639.10 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 82.92 627.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.11 627.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 116.41 627.10 Td (suite ) Tj ET Q q 0 0 0 rg BT 137.05 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.75 627.10 Td (APIs ) Tj ET Q q 0 0 0 rg BT 168.51 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.71 627.10 Td (developer ) Tj ET Q q 0 0 0 rg BT 225.89 627.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 265.40 627.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.94 627.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 302.79 627.10 Td (them ) Tj ET Q q 0 0 0 rg BT 324.54 627.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.08 627.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 362.49 627.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 409.79 627.10 Td (with ) Tj ET Q q 0 0 0 rg BT 429.33 627.10 Td (new ) Tj ET Q q 0 0 0 rg BT 447.74 627.10 Td (functionality) Tj ET Q q 0 0 0 rg BT 498.19 627.10 Td (, ) Tj ET Q q 0 0 0 rg BT 502.45 627.10 Td (easily ) Tj ET Q q 0 0 0 rg BT 527.53 627.10 Td (integrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.55 615.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.83 615.10 Td (external ) Tj ET Q q 0 0 0 rg BT 152.53 615.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 186.70 615.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.64 615.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 225.29 615.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.23 615.10 Td (build ) Tj ET Q q 0 0 0 rg BT 265.29 615.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 296.67 615.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 347.49 615.10 Td (that ) Tj ET Q q 0 0 0 rg BT 364.99 615.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 402.47 615.10 Td (with ) Tj ET Q q 0 0 0 rg BT 422.75 615.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 470.79 615.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.07 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.79 615.10 Td (cloud.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 73.11 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.61 589.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 134.76 589.10 Td (Solutions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 572.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.96 572.10 Td (CRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.07 572.10 Td (:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 143.85 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.75 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.66 572.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 195.12 572.10 Td (CRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.23 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 220.63 572.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 255.86 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.21 572.10 Td (suite ) Tj ET Q q 0 0 0 rg BT 283.00 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.24 572.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 314.58 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.93 572.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 373.38 572.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 394.73 572.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.64 572.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 439.65 572.10 Td (users ) Tj ET Q q 0 0 0 rg BT 462.11 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.79 572.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 504.79 572.10 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 541.97 572.10 Td (leads ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.41 560.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 110.42 560.10 Td (campaigns. ) Tj ET Q q 0 0 0 rg BT 158.16 560.10 Td (It ) Tj ET Q q 0 0 0 rg BT 166.74 560.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 203.64 560.10 Td (one-to-one ) Tj ET Q q 0 0 0 rg BT 249.43 560.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 292.44 560.10 Td (campaign ) Tj ET Q q 0 0 0 rg BT 333.79 560.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 381.79 560.10 Td (for ) Tj ET Q q 0 0 0 rg BT 395.92 560.10 Td (lender) Tj ET Q q 0 0 0 rg BT 421.28 560.10 Td () Tj ET Q q 0 0 0 rg BT 424.06 560.10 Td (s ) Tj ET Q q 0 0 0 rg BT 430.42 560.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 475.94 560.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 516.18 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.09 560.10 Td (referral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 548.10 Td (partners, ) Tj ET Q q 0 0 0 rg BT 87.71 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.65 548.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 132.15 548.10 Td (business ) Tj ET Q q 0 0 0 rg BT 168.54 548.10 Td (intelligence ) Tj ET Q q 0 0 0 rg BT 217.68 548.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 256.84 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.78 548.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 322.37 548.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 357.08 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 371.24 548.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 414.28 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.22 548.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 453.16 548.10 Td (ef) Tj ET Q q 0 0 0 rg BT 460.75 548.10 Td (forts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 531.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.34 531.10 Td (W) Tj ET Q q 0 0 0 rg BT 127.75 531.10 Td (ebCenter) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 164.41 531.10 Td (: ) Tj ET Q q 0 0 0 rg BT 170.53 531.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.32 531.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 221.45 531.10 Td (W) Tj ET Q q 0 0 0 rg BT 230.09 531.10 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.78 531.10 Td (, ) Tj ET Q q 0 0 0 rg BT 271.07 531.10 Td (which ) Tj ET Q q 0 0 0 rg BT 298.30 531.10 Td (is ) Tj ET Q q 0 0 0 rg BT 307.76 531.10 Td (being ) Tj ET Q q 0 0 0 rg BT 332.77 531.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 369.42 531.10 Td (by ) Tj ET Q q 0 0 0 rg BT 382.21 531.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 430.54 531.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 474.44 531.10 Td (Connect, ) Tj ET Q q 0 0 0 rg BT 513.06 531.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 550.29 531.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.50 519.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.73 519.10 Td (create ) Tj ET Q q 0 0 0 rg BT 117.05 519.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.94 519.10 Td (customize ) Tj ET Q q 0 0 0 rg BT 178.93 519.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 231.26 519.10 Td (websites ) Tj ET Q q 0 0 0 rg BT 269.15 519.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.26 519.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 319.09 519.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 357.53 519.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 407.08 519.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 451.07 519.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.30 519.10 Td (initiate ) Tj ET Q q 0 0 0 rg BT 493.52 519.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 514.19 519.10 Td (applications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 507.10 Td (online.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 490.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.82 490.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 165.21 490.10 Td (Connect: ) Tj ET Q q 0 0 0 rg BT 205.13 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.40 490.10 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 253.34 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.39 490.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 290.16 490.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 338.74 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 347.38 490.10 Td (ebCenter ) Tj ET Q q 0 0 0 rg BT 386.74 490.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 430.56 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 449.38 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 462.09 490.10 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 505.91 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.96 490.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 92.26 478.10 Td (Connect. ) Tj ET Q q 0 0 0 rg BT 129.74 478.10 Td (Built ) Tj ET Q q 0 0 0 rg BT 151.40 478.10 Td (on ) Tj ET Q q 0 0 0 rg BT 163.05 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.92 478.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 224.12 478.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 259.10 478.10 Td (Platform, ) Tj ET Q q 0 0 0 rg BT 298.25 478.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 345.44 478.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 388.21 478.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 423.18 478.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 454.82 478.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 485.35 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.78 478.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 524.20 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.29 478.10 Td (branded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.46 466.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 96.20 466.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 144.81 466.10 Td (online ) Tj ET Q q 0 0 0 rg BT 172.32 466.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 192.06 466.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 238.46 466.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 284.29 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.47 466.10 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 344.03 466.10 Td (Consumers ) Tj ET Q q 0 0 0 rg BT 391.56 466.10 Td (will ) Tj ET Q q 0 0 0 rg BT 409.63 466.10 Td (have ) Tj ET Q q 0 0 0 rg BT 431.03 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.77 466.10 Td (power ) Tj ET Q q 0 0 0 rg BT 473.28 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.58 466.10 Td (easily ) Tj ET Q q 0 0 0 rg BT 509.43 466.10 Td (walk ) Tj ET Q q 0 0 0 rg BT 531.39 466.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.23 454.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 105.16 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.89 454.10 Td (simple, ) Tj ET Q q 0 0 0 rg BT 143.34 454.10 Td (guided ) Tj ET Q q 0 0 0 rg BT 172.85 454.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 212.90 454.10 Td (application ) Tj ET Q q 0 0 0 rg BT 259.61 454.10 Td (online, ) Tj ET Q q 0 0 0 rg BT 289.40 454.10 Td (stay ) Tj ET Q q 0 0 0 rg BT 307.79 454.10 Td (informed ) Tj ET Q q 0 0 0 rg BT 346.74 454.10 Td (at ) Tj ET Q q 0 0 0 rg BT 356.24 454.10 Td (every ) Tj ET Q q 0 0 0 rg BT 380.74 454.10 Td (step ) Tj ET Q q 0 0 0 rg BT 399.13 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.75 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.25 454.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 443.76 454.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 478.54 454.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 512.48 454.10 Td (research ) Tj ET Q q 0 0 0 rg BT 548.07 454.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (access ) Tj ET Q q 0 0 0 rg BT 77.60 442.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 99.03 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.03 442.10 Td (information ) Tj ET Q q 0 0 0 rg BT 165.80 442.10 Td (24/7, ) Tj ET Q q 0 0 0 rg BT 188.64 442.10 Td (securely ) Tj ET Q q 0 0 0 rg BT 224.51 442.10 Td (send ) Tj ET Q q 0 0 0 rg BT 245.40 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.40 442.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 293.82 442.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 339.70 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.70 442.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 399.21 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.99 442.10 Td (application ) Tj ET Q q 0 0 0 rg BT 460.97 442.10 Td (process ) Tj ET Q q 0 0 0 rg BT 493.52 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 506.08 442.10 Td (running ) Tj ET Q q 0 0 0 rg BT 539.75 442.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 79.77 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.71 430.10 Td (online ) Tj ET Q q 0 0 0 rg BT 124.20 430.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 146.14 430.10 Td (verifications.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 413.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.90 413.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 141.14 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 148.55 413.10 Td (ebCenter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.21 413.10 Td (: ) Tj ET Q q 0 0 0 rg BT 190.33 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.68 413.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 240.40 413.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 261.47 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.11 413.10 Td (ebCenter) Tj ET Q q 0 0 0 rg BT 305.80 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 310.65 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 337.44 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 346.46 413.10 Td (being ) Tj ET Q q 0 0 0 rg BT 371.02 413.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 407.23 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.58 413.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 467.30 413.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 488.54 413.10 Td (Connect, ) Tj ET Q q 0 0 0 rg BT 526.71 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 535.73 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.52 413.10 Td (web-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 401.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 115.59 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.42 401.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 174.47 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.97 401.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 224.45 401.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 244.17 401.10 Td (level ) Tj ET Q q 0 0 0 rg BT 266.10 401.10 Td (interaction ) Tj ET Q q 0 0 0 rg BT 311.36 401.10 Td (between ) Tj ET Q q 0 0 0 rg BT 347.18 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 353.93 401.10 Td (TPO, ) Tj ET Q q 0 0 0 rg BT 377.83 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.76 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.70 401.10 Td (lender) Tj ET Q q 0 0 0 rg BT 426.14 401.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 384.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.45 384.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 140.24 384.10 Td (Connect:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.90 384.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.80 384.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.70 384.10 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 224.26 384.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.94 384.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 258.34 384.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 305.65 384.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 326.30 384.10 Td (W) Tj ET Q q 0 0 0 rg BT 334.94 384.10 Td (ebCenter ) Tj ET Q q 0 0 0 rg BT 372.93 384.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 415.38 384.10 Td (will ) Tj ET Q q 0 0 0 rg BT 432.83 384.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.17 384.10 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 486.62 384.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.30 384.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 543.60 384.10 Td (TPO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.10 Td (Connect. ) Tj ET Q q 0 0 0 rg BT 89.07 372.10 Td (Built ) Tj ET Q q 0 0 0 rg BT 112.82 372.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.56 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.52 372.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 191.81 372.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 228.88 372.10 Td (Platform, ) Tj ET Q q 0 0 0 rg BT 270.12 372.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 319.14 372.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 341.78 372.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 378.85 372.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 417.03 372.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.21 372.10 Td (customizable ) Tj ET Q q 0 0 0 rg BT 481.72 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.90 372.10 Td (interactive ) Tj ET Q q 0 0 0 rg BT 545.84 372.10 Td (web ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 96.21 360.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.28 360.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 154.68 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.53 360.10 Td (correspondent ) Tj ET Q q 0 0 0 rg BT 232.58 360.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 265.99 360.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 306.89 360.10 Td (It ) Tj ET Q q 0 0 0 rg BT 316.40 360.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 340.92 360.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 373.21 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.06 360.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 430.58 360.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.43 360.10 Td (modern ) Tj ET Q q 0 0 0 rg BT 472.39 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.23 360.10 Td (collaborative ) Tj ET Q q 0 0 0 rg BT 545.84 360.10 Td (web ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 96.11 348.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.08 348.10 Td (their ) Tj ET Q q 0 0 0 rg BT 132.71 348.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 178.78 348.10 Td (origination, ) Tj ET Q q 0 0 0 rg BT 228.47 348.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.87 348.10 Td (TPO, ) Tj ET Q q 0 0 0 rg BT 264.57 348.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 300.09 348.10 Td (that ) Tj ET Q q 0 0 0 rg BT 318.39 348.10 Td (promotes ) Tj ET Q q 0 0 0 rg BT 358.91 348.10 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 410.81 348.10 Td (data ) Tj ET Q q 0 0 0 rg BT 430.77 348.10 Td (integrity) Tj ET Q q 0 0 0 rg BT 464.01 348.10 Td (, ) Tj ET Q q 0 0 0 rg BT 469.81 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.56 348.10 Td (easy ) Tj ET Q q 0 0 0 rg BT 508.64 348.10 Td (bi-directional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 114.21 336.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 160.59 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.31 336.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 200.57 336.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 220.29 336.10 Td (process.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 319.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.54 319.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 142.09 319.10 Td (Officer ) Tj ET Q q 0 0 0 rg BT 172.41 319.10 Td (Connect:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.06 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.05 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.04 319.10 Td (Built ) Tj ET Q q 0 0 0 rg BT 235.04 319.10 Td (on ) Tj ET Q q 0 0 0 rg BT 247.03 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.23 319.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 308.77 319.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 344.08 319.10 Td (Platform, ) Tj ET Q q 0 0 0 rg BT 383.57 319.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 431.11 319.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 453.64 319.10 Td (Of) Tj ET Q q 0 0 0 rg BT 464.01 319.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 484.32 319.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 519.63 319.10 Td (is ) Tj ET Q q 0 0 0 rg BT 528.29 319.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.72 319.10 Td (mobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 90.33 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.16 307.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 149.20 307.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 187.25 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.53 307.10 Td (make ) Tj ET Q q 0 0 0 rg BT 221.68 307.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 241.40 307.10 Td (of) Tj ET Q q 0 0 0 rg BT 249.55 307.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 274.26 307.10 Td (more ) Tj ET Q q 0 0 0 rg BT 297.30 307.10 Td (ef) Tj ET Q q 0 0 0 rg BT 304.89 307.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 334.59 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.53 307.10 Td (ef) Tj ET Q q 0 0 0 rg BT 359.12 307.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 387.16 307.10 Td (when ) Tj ET Q q 0 0 0 rg BT 411.32 307.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 443.26 307.10 Td (their ) Tj ET Q q 0 0 0 rg BT 464.08 307.10 Td (borrowers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 72.56 281.10 Td (Quality ) Tj ET Q q 0 0 0 rg BT 105.06 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.56 281.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 173.38 281.10 Td (Solutions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 264.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 93.88 264.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 114.64 264.10 Td (T) Tj ET Q q 0 0 0 rg BT 119.29 264.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 137.84 264.10 Td (Quality ) Tj ET Q q 0 0 0 rg BT 170.83 264.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 194.39 264.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 204.02 264.10 Td (ogram) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.13 264.10 Td (:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 232.91 264.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.91 264.10 Td (The ) Tj ET Q q 0 0 0 rg BT 254.45 264.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 276.33 264.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 296.88 264.10 Td (T) Tj ET Q q 0 0 0 rg BT 302.29 264.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 320.28 264.10 Td (Quality ) Tj ET Q q 0 0 0 rg BT 353.28 264.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 376.82 264.10 Td (Program, ) Tj ET Q q 0 0 0 rg BT 416.76 264.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.87 264.10 Td (TQL, ) Tj ET Q q 0 0 0 rg BT 452.80 264.10 Td (is ) Tj ET Q q 0 0 0 rg BT 462.47 264.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.90 264.10 Td (centralized ) Tj ET Q q 0 0 0 rg BT 516.76 264.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 554.19 264.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (services ) Tj ET Q q 0 0 0 rg BT 83.55 252.10 Td (within ) Tj ET Q q 0 0 0 rg BT 110.94 252.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 158.33 252.10 Td (that ) Tj ET Q q 0 0 0 rg BT 175.16 252.10 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 215.86 252.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 256.03 252.10 Td (consistency) Tj ET Q q 0 0 0 rg BT 302.03 252.10 Td (, ) Tj ET Q q 0 0 0 rg BT 306.37 252.10 Td (ef) Tj ET Q q 0 0 0 rg BT 313.96 252.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 345.51 252.10 Td (, ) Tj ET Q q 0 0 0 rg BT 349.85 252.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.13 252.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 385.18 252.10 Td (quality) Tj ET Q q 0 0 0 rg BT 412.31 252.10 Td (. ) Tj ET Q q 0 0 0 rg BT 416.51 252.10 Td (TQL) Tj ET Q q 0 0 0 rg BT 435.58 252.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.42 252.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 469.24 252.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.30 252.10 Td (ordering ) Tj ET Q q 0 0 0 rg BT 519.01 252.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.18 252.10 Td (multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 91.02 240.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 128.37 240.10 Td (such ) Tj ET Q q 0 0 0 rg BT 149.35 240.10 Td (as ) Tj ET Q q 0 0 0 rg BT 160.33 240.10 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 211.56 240.10 Td (income ) Tj ET Q q 0 0 0 rg BT 243.64 240.10 Td (verification, ) Tj ET Q q 0 0 0 rg BT 294.88 240.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 318.63 240.10 Td (checks, ) Tj ET Q q 0 0 0 rg BT 350.98 240.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 390.83 240.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 410.98 240.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.06 240.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 451.82 240.10 Td (certification, ) Tj ET Q q 0 0 0 rg BT 505.27 240.10 Td (from ) Tj ET Q q 0 0 0 rg BT 527.36 240.10 Td (one ) Tj ET Q q 0 0 0 rg BT 544.45 240.10 Td (tool. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 86.85 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.97 228.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 137.08 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.32 228.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 179.00 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.35 228.10 Td (dashboards, ) Tj ET Q q 0 0 0 rg BT 246.54 228.10 Td (TQL) Tj ET Q q 0 0 0 rg BT 265.61 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.52 228.10 Td (also ) Tj ET Q q 0 0 0 rg BT 287.53 228.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 320.43 228.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 352.21 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.90 228.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 397.48 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.82 228.10 Td (optimize ) Tj ET Q q 0 0 0 rg BT 452.72 228.10 Td (ef) Tj ET Q q 0 0 0 rg BT 460.31 228.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 495.42 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.77 228.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 532.90 228.10 Td (quality) Tj ET Q q 0 0 0 rg BT 560.02 228.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 69.16 216.10 Td (optimizing ) Tj ET Q q 0 0 0 rg BT 115.48 216.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 162.60 216.10 Td (. ) Tj ET Q q 0 0 0 rg BT 168.08 216.10 Td (If ) Tj ET Q q 0 0 0 rg BT 177.73 216.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 207.39 216.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 252.03 216.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.80 216.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 304.18 216.10 Td (TQL) Tj ET Q q 0 0 0 rg BT 323.24 216.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.23 216.10 Td (also ) Tj ET Q q 0 0 0 rg BT 345.33 216.10 Td (aligns ) Tj ET Q q 0 0 0 rg BT 372.20 216.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.41 216.10 Td (ordered ) Tj ET Q q 0 0 0 rg BT 420.93 216.10 Td (services ) Tj ET Q q 0 0 0 rg BT 456.13 216.10 Td (with ) Tj ET Q q 0 0 0 rg BT 476.90 216.10 Td (those ) Tj ET Q q 0 0 0 rg BT 500.99 216.10 Td (required ) Tj ET Q q 0 0 0 rg BT 537.30 216.10 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 216.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 83.09 204.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 117.81 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.09 204.10 Td (help ) Tj ET Q q 0 0 0 rg BT 147.81 204.10 Td (expedite ) Tj ET Q q 0 0 0 rg BT 184.18 204.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.89 204.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 220.83 204.10 Td (process ) Tj ET Q q 0 0 0 rg BT 253.32 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.48 204.10 Td (both ) Tj ET Q q 0 0 0 rg BT 287.76 204.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 315.25 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.19 204.10 Td (investor) Tj ET Q q 0 0 0 rg BT 363.85 204.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 187.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 121.45 187.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 173.67 187.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.09 187.10 Td (: ) Tj ET Q q 0 0 0 rg BT 209.77 187.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.66 187.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 263.11 187.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 315.32 187.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.31 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.20 187.10 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 387.52 187.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 429.18 187.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 450.30 187.10 Td (data ) Tj ET Q q 0 0 0 rg BT 470.85 187.10 Td (for ) Tj ET Q q 0 0 0 rg BT 486.40 187.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 536.39 187.10 Td (with ) Tj ET Q q 0 0 0 rg BT 558.06 187.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 112.64 175.10 Td (set ) Tj ET Q q 0 0 0 rg BT 126.36 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.30 175.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 167.67 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.72 175.10 Td (state ) Tj ET Q q 0 0 0 rg BT 205.66 175.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 226.60 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.65 175.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 290.69 175.10 Td (as ) Tj ET Q q 0 0 0 rg BT 301.63 175.10 Td (well ) Tj ET Q q 0 0 0 rg BT 321.46 175.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.40 175.10 Td (institutionally ) Tj ET Q q 0 0 0 rg BT 390.57 175.10 Td (mandated ) Tj ET Q q 0 0 0 rg BT 432.05 175.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 480.75 175.10 Td (policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.97 175.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 100.32 163.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.31 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.81 163.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.98 163.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 184.46 163.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.73 163.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 252.78 163.10 Td (but ) Tj ET Q q 0 0 0 rg BT 268.06 163.10 Td (can ) Tj ET Q q 0 0 0 rg BT 284.44 163.10 Td (be ) Tj ET Q q 0 0 0 rg BT 296.38 163.10 Td (used ) Tj ET Q q 0 0 0 rg BT 317.21 163.10 Td (with ) Tj ET Q q 0 0 0 rg BT 337.48 163.10 Td (other ) Tj ET Q q 0 0 0 rg BT 360.53 163.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 380.25 163.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 426.63 163.10 Td (software ) Tj ET Q q 0 0 0 rg BT 463.56 163.10 Td (as ) Tj ET Q q 0 0 0 rg BT 474.39 163.10 Td (well.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 146.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 121.21 146.10 Td (4506-T) Tj ET Q q 0 0 0 rg BT 149.92 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.58 146.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.01 146.10 Td (:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 185.78 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 189.44 146.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.10 146.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 242.31 146.10 Td (4506-T) Tj ET Q q 0 0 0 rg BT 271.57 146.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.23 146.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.21 146.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.37 146.10 Td (which ) Tj ET Q q 0 0 0 rg BT 339.47 146.10 Td (we ) Tj ET Q q 0 0 0 rg BT 354.79 146.10 Td (license ) Tj ET Q q 0 0 0 rg BT 386.21 146.10 Td (from ) Tj ET Q q 0 0 0 rg BT 409.31 146.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.41 146.10 Td (third ) Tj ET Q q 0 0 0 rg BT 439.96 146.10 Td (party) Tj ET Q q 0 0 0 rg BT 459.85 146.10 Td (, ) Tj ET Q q 0 0 0 rg BT 466.01 146.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.34 146.10 Td (an ) Tj ET Q q 0 0 0 rg BT 489.44 146.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 533.08 146.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 98.41 134.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 133.45 134.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.27 134.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 180.19 134.10 Td (users ) Tj ET Q q 0 0 0 rg BT 203.56 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.16 134.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 271.40 134.10 Td (order ) Tj ET Q q 0 0 0 rg BT 295.31 134.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 310.35 134.10 Td (return ) Tj ET Q q 0 0 0 rg BT 337.04 134.10 Td (data ) Tj ET Q q 0 0 0 rg BT 356.52 134.10 Td (from ) Tj ET Q q 0 0 0 rg BT 378.78 134.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.81 134.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 427.72 134.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 465.53 134.10 Td (Service, ) Tj ET Q q 0 0 0 rg BT 500.83 134.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 533.65 134.10 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 79.77 122.10 Td (back, ) Tj ET Q q 0 0 0 rg BT 103.65 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.58 122.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 157.51 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.45 122.10 Td (validate ) Tj ET Q q 0 0 0 rg BT 208.60 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.31 122.10 Td (income ) Tj ET Q q 0 0 0 rg BT 255.25 122.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 281.07 122.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.57 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.29 122.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 328.01 122.10 Td (application ) Tj ET Q q 0 0 0 rg BT 374.93 122.10 Td (with ) Tj ET Q q 0 0 0 rg BT 395.21 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.93 122.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 446.95 122.10 Td () Tj ET Q q 0 0 0 rg BT 449.73 122.10 Td (s ) Tj ET Q q 0 0 0 rg BT 456.12 122.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 482.49 122.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.21 122.10 Td (returns.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 105.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.63 105.10 Td (Flood ) Tj ET Q q 0 0 0 rg BT 145.59 105.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.02 105.10 Td (: ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 179.87 105.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.95 105.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 229.57 105.10 Td (Flood ) Tj ET Q q 0 0 0 rg BT 254.99 105.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.97 105.10 Td (, ) Tj ET Q q 0 0 0 rg BT 289.55 105.10 Td (which ) Tj ET Q q 0 0 0 rg BT 316.06 105.10 Td (we ) Tj ET Q q 0 0 0 rg BT 329.80 105.10 Td (license ) Tj ET Q q 0 0 0 rg BT 359.64 105.10 Td (from ) Tj ET Q q 0 0 0 rg BT 381.16 105.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.67 105.10 Td (third ) Tj ET Q q 0 0 0 rg BT 408.64 105.10 Td (party) Tj ET Q q 0 0 0 rg BT 428.53 105.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.11 105.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 461.29 105.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 508.92 105.10 Td (users ) Tj ET Q q 0 0 0 rg BT 531.55 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.40 105.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.62 93.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 99.84 93.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 123.07 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.19 93.10 Td (life-of-loan ) Tj ET Q q 0 0 0 rg BT 188.41 93.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 212.20 93.10 Td (zone ) Tj ET Q q 0 0 0 rg BT 233.76 93.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 291.98 93.10 Td (electronically) Tj ET Q q 0 0 0 rg BT 345.75 93.10 Td (. ) Tj ET Q q 0 0 0 rg BT 350.93 93.10 Td (Documentation ) Tj ET Q q 0 0 0 rg BT 415.26 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.38 93.10 Td (data ) Tj ET Q q 0 0 0 rg BT 451.72 93.10 Td (are ) Tj ET Q q 0 0 0 rg BT 466.61 93.10 Td (stored ) Tj ET Q q 0 0 0 rg BT 493.73 93.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 550.84 93.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.10 Td (review ) Tj ET Q q 0 0 0 rg BT 79.21 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.15 81.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 130.86 81.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 162.98 81.10 Td (.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.54 740.10 Td (Fraud ) Tj ET Q q 0 0 0 rg BT 146.52 740.10 Td (Service: ) Tj ET Q q 0 0 0 rg BT 181.26 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.25 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 230.78 740.10 Td (Fraud ) Tj ET Q q 0 0 0 rg BT 256.09 740.10 Td (Service, ) Tj ET Q q 0 0 0 rg BT 290.56 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 316.99 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 330.63 740.10 Td (license ) Tj ET Q q 0 0 0 rg BT 360.38 740.10 Td (from ) Tj ET Q q 0 0 0 rg BT 381.80 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.23 740.10 Td (third ) Tj ET Q q 0 0 0 rg BT 409.10 740.10 Td (party) Tj ET Q q 0 0 0 rg BT 428.99 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.48 740.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 461.57 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 509.10 740.10 Td (users ) Tj ET Q q 0 0 0 rg BT 531.64 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.40 740.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 88.34 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.42 728.10 Td (non-collateral ) Tj ET Q q 0 0 0 rg BT 161.58 728.10 Td (based ) Tj ET Q q 0 0 0 rg BT 185.99 728.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 208.73 728.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 225.37 728.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 254.78 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 275.86 728.10 Td (within ) Tj ET Q q 0 0 0 rg BT 303.06 728.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 352.75 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.39 728.10 Td (Documentation ) Tj ET Q q 0 0 0 rg BT 417.68 728.10 Td (received ) Tj ET Q q 0 0 0 rg BT 453.18 728.10 Td (back ) Tj ET Q q 0 0 0 rg BT 473.70 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.01 728.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 538.07 728.10 Td (stored ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 716.10 Td (review ) Tj ET Q q 0 0 0 rg BT 93.37 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.65 716.10 Td (alerts ) Tj ET Q q 0 0 0 rg BT 137.80 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 155.30 716.10 Td (highlight ) Tj ET Q q 0 0 0 rg BT 193.91 716.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 227.50 716.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 250.54 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.37 716.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 295.52 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.35 716.10 Td (well ) Tj ET Q q 0 0 0 rg BT 326.06 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 336.89 716.10 Td (recommended ) Tj ET Q q 0 0 0 rg BT 396.03 716.10 Td (next ) Tj ET Q q 0 0 0 rg BT 415.75 716.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 438.25 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 452.41 716.10 Td (investigating ) Tj ET Q q 0 0 0 rg BT 506.57 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.51 716.10 Td (curing.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 690.10 Td (Efficient ) Tj ET Q q 0 0 0 rg BT 85.88 690.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.51 690.10 Td (ocessing ) Tj ET Q q 0 0 0 rg BT 132.44 690.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.94 690.10 Td (Closing ) Tj ET Q q 0 0 0 rg BT 183.56 690.10 Td (Solutions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 673.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.58 673.10 Td (Electr) Tj ET Q q 0 0 0 rg BT 144.64 673.10 Td (onic ) Tj ET Q q 0 0 0 rg BT 164.89 673.10 Td (Document ) Tj ET Q q 0 0 0 rg BT 209.02 673.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.22 673.10 Td (: ) Tj ET Q q 0 0 0 rg BT 267.03 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.06 673.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 318.63 673.10 Td (EDM ) Tj ET Q q 0 0 0 rg BT 343.89 673.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 368.02 673.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 416.60 673.10 Td (users ) Tj ET Q q 0 0 0 rg BT 440.18 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.42 673.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 484.00 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.81 673.10 Td (go ) Tj ET Q q 0 0 0 rg BT 507.84 673.10 Td (paperless ) Tj ET Q q 0 0 0 rg BT 548.08 673.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (receive, ) Tj ET Q q 0 0 0 rg BT 82.68 661.10 Td (store ) Tj ET Q q 0 0 0 rg BT 103.93 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.18 661.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 153.09 661.10 Td (documents, ) Tj ET Q q 0 0 0 rg BT 200.73 661.10 Td (as ) Tj ET Q q 0 0 0 rg BT 210.87 661.10 Td (well ) Tj ET Q q 0 0 0 rg BT 229.90 661.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.05 661.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 269.62 661.10 Td (any ) Tj ET Q q 0 0 0 rg BT 285.88 661.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 331.02 661.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 387.24 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.50 661.10 Td (securely ) Tj ET Q q 0 0 0 rg BT 438.63 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.22 661.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 493.07 661.10 Td (real ) Tj ET Q q 0 0 0 rg BT 509.87 661.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 534.45 661.10 Td (agents, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 83.38 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.32 649.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 143.91 649.10 Td (service ) Tj ET Q q 0 0 0 rg BT 174.73 649.10 Td (providers.) 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 526.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.33 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 124.34 526.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 138.89 526.10 Td (& ) Tj ET Q q 0 0 0 rg BT 148.45 526.10 Td (Closing ) Tj ET Q q 0 0 0 rg BT 181.35 526.10 Td (Center: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.68 526.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 260.88 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 266.63 526.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 281.19 526.10 Td (& ) Tj ET Q q 0 0 0 rg BT 290.74 526.10 Td (Closing ) Tj ET Q q 0 0 0 rg BT 323.64 526.10 Td (Center ) Tj ET Q q 0 0 0 rg BT 361.88 526.10 Td (streamlines ) Tj ET Q q 0 0 0 rg BT 409.20 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.19 526.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 453.86 526.10 Td (process ) Tj ET Q q 0 0 0 rg BT 485.63 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 497.41 526.10 Td (enabling ) Tj ET Q q 0 0 0 rg BT 533.62 526.10 Td (lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.58 514.10 Td (order ) Tj ET Q q 0 0 0 rg BT 84.98 514.10 Td (title ) Tj ET Q q 0 0 0 rg BT 103.83 514.10 Td (through ) Tj ET Q q 0 0 0 rg BT 138.24 514.10 Td (workflow ) Tj ET Q q 0 0 0 rg BT 180.42 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.50 514.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 240.34 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.08 514.10 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 304.71 514.10 Td (connect ) Tj ET Q q 0 0 0 rg BT 339.10 514.10 Td (with ) Tj ET Q q 0 0 0 rg BT 360.18 514.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 404.58 514.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 433.42 514.10 Td (through ) Tj ET Q q 0 0 0 rg BT 467.83 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.57 514.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 504.41 514.10 Td (browser) Tj ET Q q 0 0 0 rg BT 536.42 514.10 Td (-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (portal.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 93.66 476.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 126.15 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.65 476.10 Td (Secondary ) Tj ET Q q 0 0 0 rg BT 188.36 476.10 Td (Marketing) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 459.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.65 459.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 129.28 459.10 Td (oduct ) Tj ET Q q 0 0 0 rg BT 153.60 459.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.70 459.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 202.80 459.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.22 459.10 Td (: ) Tj ET Q q 0 0 0 rg BT 237.10 459.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.21 459.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 286.86 459.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 320.07 459.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.61 459.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 367.60 459.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 399.68 459.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 427.89 459.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 475.54 459.10 Td (users ) Tj ET Q q 0 0 0 rg BT 498.20 459.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.08 459.10 Td (automatically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 87.26 447.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 126.14 447.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 146.70 447.10 Td (products ) Tj ET Q q 0 0 0 rg BT 184.48 447.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.59 447.10 Td (current ) Tj ET Q q 0 0 0 rg BT 237.25 447.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 268.91 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.69 447.10 Td (easily ) Tj ET Q q 0 0 0 rg BT 313.35 447.10 Td (pinpoint ) Tj ET Q q 0 0 0 rg BT 350.03 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.58 447.10 Td (best ) Tj ET Q q 0 0 0 rg BT 385.03 447.10 Td (program ) Tj ET Q q 0 0 0 rg BT 422.25 447.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.25 447.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.02 447.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 481.12 447.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.96 447.10 Td (Seamless ) Tj ET Q q 0 0 0 rg BT 527.52 447.10 Td (two-way ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (workflow ) Tj ET Q q 0 0 0 rg BT 90.44 435.10 Td (sends ) Tj ET Q q 0 0 0 rg BT 114.72 435.10 Td (information ) Tj ET Q q 0 0 0 rg BT 163.99 435.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 196.59 435.10 Td (from ) Tj ET Q q 0 0 0 rg BT 218.09 435.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.36 435.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 251.64 435.10 Td (file ) Tj ET Q q 0 0 0 rg BT 267.02 435.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.86 435.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.13 435.10 Td (product ) Tj ET Q q 0 0 0 rg BT 323.74 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.23 435.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 370.62 435.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 399.33 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.83 435.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 461.77 435.10 Td (information ) Tj ET Q q 0 0 0 rg BT 511.04 435.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 543.64 435.10 Td (back ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (into ) Tj ET Q q 0 0 0 rg BT 67.56 423.10 Td (Encompass.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 406.10 Td (Secondary ) Tj ET Q q 0 0 0 rg BT 115.95 406.10 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.60 406.10 Td (: ) Tj ET Q q 0 0 0 rg BT 162.13 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.87 406.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 211.16 406.10 Td (Secondary ) Tj ET Q q 0 0 0 rg BT 255.11 406.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 298.50 406.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 334.68 406.10 Td (lock ) Tj ET Q q 0 0 0 rg BT 353.64 406.10 Td (request ) Tj ET Q q 0 0 0 rg BT 384.26 406.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 439.59 406.10 Td (post-closing ) Tj ET Q q 0 0 0 rg BT 490.22 406.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 529.74 406.10 Td (tracking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.81 394.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 91.12 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 106.65 394.10 Td (fulfillment ) Tj ET Q q 0 0 0 rg BT 153.28 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.59 394.10 Td (trades, ) Tj ET Q q 0 0 0 rg BT 201.83 394.10 Td (such ) Tj ET Q q 0 0 0 rg BT 224.03 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 236.22 394.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 275.63 394.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 305.59 394.10 Td (reconciliation, ) Tj ET Q q 0 0 0 rg BT 366.93 394.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 399.68 394.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 440.20 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.51 394.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 482.36 394.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 539.54 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 545.29 394.10 Td (rade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 103.38 382.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 131.16 382.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 161.71 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.16 382.10 Td (track ) Tj ET Q q 0 0 0 rg BT 192.82 382.10 Td (both ) Tj ET Q q 0 0 0 rg BT 212.27 382.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 252.82 382.10 Td (Backed ) Tj ET Q q 0 0 0 rg BT 284.48 382.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 325.59 382.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 351.14 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.59 382.10 Td (broker/dealers ) Tj ET Q q 0 0 0 rg BT 429.46 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 439.46 382.10 Td (well ) Tj ET Q q 0 0 0 rg BT 458.35 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.36 382.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 493.91 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 513.36 382.10 Td (aggregators.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 356.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 90.05 356.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 110.88 356.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 339.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.67 339.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.80 339.10 Td (key ) Tj ET Q q 0 0 0 rg BT 97.38 339.10 Td (component ) Tj ET Q q 0 0 0 rg BT 143.94 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.41 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.76 339.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 216.44 339.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 253.01 339.10 Td (is ) Tj ET Q q 0 0 0 rg BT 261.81 339.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.16 339.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 297.18 339.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 317.08 339.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.07 339.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.70 339.10 Td (which ) Tj ET Q q 0 0 0 rg BT 383.27 339.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 415.39 339.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 455.29 339.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 500.75 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.66 339.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 540.56 339.10 Td (from, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.46 327.10 Td (connect ) Tj ET Q q 0 0 0 rg BT 100.07 327.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 112.87 327.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.83 327.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 145.12 327.10 Td (array ) Tj ET Q q 0 0 0 rg BT 168.17 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.02 327.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 217.65 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.61 327.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 279.89 327.10 Td (service ) Tj ET Q q 0 0 0 rg BT 310.73 327.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 351.01 327.10 Td (essential ) Tj ET Q q 0 0 0 rg BT 387.97 327.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.26 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.00 327.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 458.29 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.25 327.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 508.88 327.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.72 327.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 545.85 327.10 Td (Key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 89.22 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.05 315.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.76 315.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 136.15 315.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 156.41 315.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.40 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.90 315.10 Td (include ) Tj ET Q q 0 0 0 rg BT 225.84 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.55 315.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 298.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 298.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 145.10 298.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 191.15 298.10 Td (can ) Tj ET Q q 0 0 0 rg BT 207.76 298.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 264.90 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.06 298.10 Td (securely ) Tj ET Q q 0 0 0 rg BT 318.10 298.10 Td (submit ) Tj ET Q q 0 0 0 rg BT 348.06 298.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 368.00 298.10 Td (files ) Tj ET Q q 0 0 0 rg BT 387.94 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.45 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.39 298.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 452.22 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.73 298.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 490.45 298.10 Td (they ) Tj ET Q q 0 0 0 rg BT 510.40 298.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 538.12 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.62 298.10 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 286.10 Td (them, ) Tj ET Q q 0 0 0 rg BT 128.50 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.77 286.10 Td (order ) Tj ET Q q 0 0 0 rg BT 162.37 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.65 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 194.03 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.74 286.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 232.35 286.10 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 285.95 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.88 286.10 Td (priced ) Tj ET Q q 0 0 0 rg BT 330.37 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.31 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.59 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 378.96 286.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 398.68 286.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 420.06 286.10 Td (locked.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 269.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 269.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 144.02 269.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 188.99 269.10 Td (can ) Tj ET Q q 0 0 0 rg BT 204.51 269.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 260.57 269.10 Td (order ) Tj ET Q q 0 0 0 rg BT 283.31 269.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 326.06 269.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 362.41 269.10 Td (including ) Tj ET Q q 0 0 0 rg BT 401.83 269.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 428.74 269.10 Td (title, ) Tj ET Q q 0 0 0 rg BT 448.43 269.10 Td (appraisal, ) Tj ET Q q 0 0 0 rg BT 488.67 269.10 Td (flood, ) Tj ET Q q 0 0 0 rg BT 513.92 269.10 Td (compliance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 257.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 143.76 257.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 187.08 257.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 210.68 257.10 Td (detection, ) Tj ET Q q 0 0 0 rg BT 252.33 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.27 257.10 Td (other ) Tj ET Q q 0 0 0 rg BT 292.31 257.10 Td (reports.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 240.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 240.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 141.63 240.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.54 240.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 200.11 240.10 Td (service ) Tj ET Q q 0 0 0 rg BT 229.89 240.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 269.13 240.10 Td (can ) Tj ET Q q 0 0 0 rg BT 284.48 240.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 303.16 240.10 Td (instant ) Tj ET Q q 0 0 0 rg BT 331.30 240.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 372.19 240.10 Td (access ) Tj ET Q q 0 0 0 rg BT 399.19 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.44 240.10 Td (a ) Tj ET Q q 0 0 0 rg BT 414.35 240.10 Td (lar) Tj ET Q q 0 0 0 rg BT 424.72 240.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 435.62 240.10 Td (number ) Tj ET Q q 0 0 0 rg BT 467.64 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.44 240.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 516.67 240.10 Td (originators, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 228.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 147.61 228.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 190.05 228.10 Td (their ) Tj ET Q q 0 0 0 rg BT 209.72 228.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 242.71 228.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 296.83 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.61 228.10 Td (lowering ) Tj ET Q q 0 0 0 rg BT 349.50 228.10 Td (their ) Tj ET Q q 0 0 0 rg BT 369.17 228.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 413.56 228.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 432.12 228.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 478.73 228.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.51 228.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 532.51 228.10 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 216.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 199.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 199.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 142.48 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.25 199.10 Td (service ) Tj ET Q q 0 0 0 rg BT 189.89 199.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 229.98 199.10 Td (can ) Tj ET Q q 0 0 0 rg BT 246.18 199.10 Td (access ) Tj ET Q q 0 0 0 rg BT 274.04 199.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 315.79 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.55 199.10 Td (real-time ) Tj ET Q q 0 0 0 rg BT 370.96 199.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 413.83 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.59 199.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 460.69 199.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 512.98 199.10 Td (services ) Tj ET Q q 0 0 0 rg BT 547.51 199.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 187.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 140.98 187.10 Td (business ) Tj ET Q q 0 0 0 rg BT 177.37 187.10 Td (interactions ) Tj ET Q q 0 0 0 rg BT 226.52 187.10 Td (with ) Tj ET Q q 0 0 0 rg BT 246.80 187.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 287.06 187.10 Td (originators.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 112.06 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.41 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 160.63 740.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 201.30 740.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 224.19 740.10 Td (into ) Tj ET Q q 0 0 0 rg BT 242.65 740.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 281.65 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 302.33 740.10 Td (us ) Tj ET Q q 0 0 0 rg BT 314.13 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.03 740.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 357.15 740.10 Td (their ) Tj ET Q q 0 0 0 rg BT 378.38 740.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 425.71 740.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 466.37 740.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 500.95 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.63 740.10 Td (inter) Tj ET Q q 0 0 0 rg BT 529.75 740.10 Td (-operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.90 728.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.73 728.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 106.23 728.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 126.61 728.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.60 728.10 Td (. ) Tj ET Q q 0 0 0 rg BT 166.72 728.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 206.00 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.05 728.10 Td (service ) Tj ET Q q 0 0 0 rg BT 253.99 728.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 294.37 728.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 334.19 728.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 351.25 728.10 Td (us ) Tj ET Q q 0 0 0 rg BT 362.76 728.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 381.47 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.09 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.15 728.10 Td (per ) Tj ET Q q 0 0 0 rg BT 416.53 728.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 463.02 728.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 485.64 728.10 Td (when ) Tj ET Q q 0 0 0 rg BT 509.92 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 728.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (originator ) Tj ET Q q 0 0 0 rg BT 92.01 716.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 120.07 716.10 Td (these ) Tj ET Q q 0 0 0 rg BT 143.69 716.10 Td (services ) Tj ET Q q 0 0 0 rg BT 178.97 716.10 Td (through ) Tj ET Q q 0 0 0 rg BT 213.15 716.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.45 716.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 250.40 716.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 271.24 716.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.23 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 311.58 716.10 Td (The ) Tj ET Q q 0 0 0 rg BT 330.21 716.10 Td (table ) Tj ET Q q 0 0 0 rg BT 352.71 716.10 Td (below ) Tj ET Q q 0 0 0 rg BT 380.23 716.10 Td (describes ) Tj ET Q q 0 0 0 rg BT 420.51 716.10 Td (some ) Tj ET Q q 0 0 0 rg BT 444.69 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.09 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.38 716.10 Td (services ) Tj ET Q q 0 0 0 rg BT 506.66 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 524.73 716.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 95.33 704.10 Td (may ) Tj ET Q q 0 0 0 rg BT 115.04 704.10 Td (order ) Tj ET Q q 0 0 0 rg BT 138.64 704.10 Td (during ) Tj ET Q q 0 0 0 rg BT 167.25 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.97 704.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 222.23 704.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 268.61 704.10 Td (process.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 674.6 m 187 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 674.6 m 563 674.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 679.33 Td (Type) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 679.33 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 665.17 Td (Credit Report) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 665.17 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 665.17 Td ( ) Tj ET Q q 0 0 0 rg BT 202.86 665.17 Td (report ) Tj ET Q q 0 0 0 rg BT 229.43 665.17 Td (verifying ) Tj ET Q q 0 0 0 rg BT 268.78 665.17 Td (a ) Tj ET Q q 0 0 0 rg BT 275.91 665.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 295.82 665.17 Td (applicant) Tj ET Q q 0 0 0 rg BT 335.52 665.17 Td (s ) Tj ET Q q 0 0 0 rg BT 341.83 665.17 Td (credit ) Tj ET Q q 0 0 0 rg BT 367.28 665.17 Td (standing ) Tj ET Q q 0 0 0 rg BT 403.86 665.17 Td (to ) Tj ET Q q 0 0 0 rg BT 414.33 665.17 Td (statistically ) Tj ET Q q 0 0 0 rg BT 462.57 665.17 Td (predict ) Tj ET Q q 0 0 0 rg BT 493.03 665.17 Td (the ) Tj ET Q q 0 0 0 rg BT 507.94 665.17 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 551.18 665.17 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 655.17 Td (the ) Tj ET Q q 0 0 0 rg BT 208.22 655.17 Td (applicant ) Tj ET Q q 0 0 0 rg BT 247.37 655.17 Td (repaying ) Tj ET Q q 0 0 0 rg BT 284.85 655.17 Td (future ) Tj ET Q q 0 0 0 rg BT 311.23 655.17 Td (debts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 636.17 Td (Product Eligibility and Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 626.17 Td (Engine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 636.17 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 636.17 Td ( ) Tj ET Q q 0 0 0 rg BT 202.22 636.17 Td (service ) Tj ET Q q 0 0 0 rg BT 232.59 636.17 Td (that ) Tj ET Q q 0 0 0 rg BT 249.64 636.17 Td (allows ) Tj ET Q q 0 0 0 rg BT 277.80 636.17 Td (a ) Tj ET Q q 0 0 0 rg BT 284.29 636.17 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 324.10 636.17 Td (originator ) Tj ET Q q 0 0 0 rg BT 365.59 636.17 Td (to ) Tj ET Q q 0 0 0 rg BT 375.42 636.17 Td (compare ) Tj ET Q q 0 0 0 rg BT 411.90 636.17 Td (loans ) Tj ET Q q 0 0 0 rg BT 435.06 636.17 Td (of) Tj ET Q q 0 0 0 rg BT 443.30 636.17 Td (fered ) Tj ET Q q 0 0 0 rg BT 465.80 636.17 Td (by ) Tj ET Q q 0 0 0 rg BT 477.85 636.17 Td (dif) Tj ET Q q 0 0 0 rg BT 488.87 636.17 Td (ferent ) Tj ET Q q 0 0 0 rg BT 514.14 636.17 Td (lenders ) Tj ET Q q 0 0 0 rg BT 545.07 636.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 626.17 Td (investors ) Tj ET Q q 0 0 0 rg BT 232.11 626.17 Td (to ) Tj ET Q q 0 0 0 rg BT 242.39 626.17 Td (determine ) Tj ET Q q 0 0 0 rg BT 284.87 626.17 Td (the ) Tj ET Q q 0 0 0 rg BT 299.58 626.17 Td (best ) Tj ET Q q 0 0 0 rg BT 318.19 626.17 Td (product ) Tj ET Q q 0 0 0 rg BT 351.24 626.17 Td (and ) Tj ET Q q 0 0 0 rg BT 368.18 626.17 Td (price ) Tj ET Q q 0 0 0 rg BT 390.66 626.17 Td (available ) Tj ET Q q 0 0 0 rg BT 429.25 626.17 Td (to ) Tj ET Q q 0 0 0 rg BT 439.53 626.17 Td (a ) Tj ET Q q 0 0 0 rg BT 446.47 626.17 Td (particular ) Tj ET Q q 0 0 0 rg BT 487.28 626.17 Td (borrower) Tj ET Q q 0 0 0 rg BT 523.65 626.17 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.17 Td (Automated Underwriting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 607.17 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 607.17 Td ( ) Tj ET Q q 0 0 0 rg BT 202.55 607.17 Td (service ) Tj ET Q q 0 0 0 rg BT 233.25 607.17 Td (provided ) Tj ET Q q 0 0 0 rg BT 271.18 607.17 Td (by ) Tj ET Q q 0 0 0 rg BT 283.56 607.17 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 313.16 607.17 Td (Mae ) Tj ET Q q 0 0 0 rg BT 333.31 607.17 Td (and ) Tj ET Q q 0 0 0 rg BT 350.14 607.17 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 383.07 607.17 Td (Mac ) Tj ET Q q 0 0 0 rg BT 403.22 607.17 Td (that ) Tj ET Q q 0 0 0 rg BT 420.59 607.17 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 457.40 607.17 Td (and ) Tj ET Q q 0 0 0 rg BT 474.22 607.17 Td (determines ) Tj ET Q q 0 0 0 rg BT 520.48 607.17 Td (whether ) Tj ET Q q 0 0 0 rg BT 555.07 607.17 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 597.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 213.22 597.17 Td (meets ) Tj ET Q q 0 0 0 rg BT 239.04 597.17 Td (their ) Tj ET Q q 0 0 0 rg BT 259.87 597.17 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 306.25 597.17 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.17 Td (Data Transmission to and from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 568.17 Td (Lenders and Investors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 578.17 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 235.41 578.17 Td (originators ) Tj ET Q q 0 0 0 rg BT 281.76 578.17 Td (transmit ) Tj ET Q q 0 0 0 rg BT 317.56 578.17 Td (data ) Tj ET Q q 0 0 0 rg BT 337.25 578.17 Td (for ) Tj ET Q q 0 0 0 rg BT 351.94 578.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 372.18 578.17 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 429.36 578.17 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 463.22 578.17 Td (and ) Tj ET Q q 0 0 0 rg BT 480.69 578.17 Td (registration ) Tj ET Q q 0 0 0 rg BT 529.26 578.17 Td (prior ) Tj ET Q q 0 0 0 rg BT 551.72 578.17 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 568.17 Td (delivery ) Tj ET Q q 0 0 0 rg BT 228.76 568.17 Td (of ) Tj ET Q q 0 0 0 rg BT 239.59 568.17 Td (the ) Tj ET Q q 0 0 0 rg BT 254.31 568.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 274.03 568.17 Td (package ) Tj ET Q q 0 0 0 rg BT 309.28 568.17 Td (to ) Tj ET Q q 0 0 0 rg BT 319.56 568.17 Td (the ) Tj ET Q q 0 0 0 rg BT 334.28 568.17 Td (lender) Tj ET Q q 0 0 0 rg BT 358.99 568.17 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 549.17 Td (Appraisal Report) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 549.17 Td (An ) Tj ET Q q 0 0 0 rg BT 209.41 549.17 Td (estimate ) Tj ET Q q 0 0 0 rg BT 246.42 549.17 Td (of ) Tj ET Q q 0 0 0 rg BT 258.45 549.17 Td (the ) Tj ET Q q 0 0 0 rg BT 274.35 549.17 Td (value ) Tj ET Q q 0 0 0 rg BT 299.70 549.17 Td (of ) Tj ET Q q 0 0 0 rg BT 311.72 549.17 Td (the ) Tj ET Q q 0 0 0 rg BT 327.63 549.17 Td (property ) Tj ET Q q 0 0 0 rg BT 365.20 549.17 Td (securing ) Tj ET Q q 0 0 0 rg BT 402.77 549.17 Td (the ) Tj ET Q q 0 0 0 rg BT 418.68 549.17 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 460.13 549.17 Td (conducted ) Tj ET Q q 0 0 0 rg BT 504.92 549.17 Td (by ) Tj ET Q q 0 0 0 rg BT 518.61 549.17 Td (a ) Tj ET Q q 0 0 0 rg BT 526.74 549.17 Td (licensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 539.17 Td (appraiser ) Tj ET Q q 0 0 0 rg BT 232.65 539.17 Td (and ) Tj ET Q q 0 0 0 rg BT 249.58 539.17 Td (used ) Tj ET Q q 0 0 0 rg BT 270.41 539.17 Td (by ) Tj ET Q q 0 0 0 rg BT 282.91 539.17 Td (the ) Tj ET Q q 0 0 0 rg BT 297.63 539.17 Td (lender ) Tj ET Q q 0 0 0 rg BT 325.12 539.17 Td (to ) Tj ET Q q 0 0 0 rg BT 335.39 539.17 Td (determine ) Tj ET Q q 0 0 0 rg BT 377.88 539.17 Td (whether ) Tj ET Q q 0 0 0 rg BT 412.58 539.17 Td (the ) Tj ET Q q 0 0 0 rg BT 427.30 539.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 447.02 539.17 Td (is ) Tj ET Q q 0 0 0 rg BT 456.19 539.17 Td (adequately ) Tj ET Q q 0 0 0 rg BT 502.00 539.17 Td (collateralized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 520.17 Td (Title Report; Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 520.17 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 520.17 Td ( ) Tj ET Q q 0 0 0 rg BT 202.74 520.17 Td (report ) Tj ET Q q 0 0 0 rg BT 229.19 520.17 Td (ordered ) Tj ET Q q 0 0 0 rg BT 262.30 520.17 Td (on ) Tj ET Q q 0 0 0 rg BT 274.87 520.17 Td (the ) Tj ET Q q 0 0 0 rg BT 289.65 520.17 Td (property ) Tj ET Q q 0 0 0 rg BT 326.10 520.17 Td (to ) Tj ET Q q 0 0 0 rg BT 336.45 520.17 Td (examine ) Tj ET Q q 0 0 0 rg BT 372.89 520.17 Td (public ) Tj ET Q q 0 0 0 rg BT 400.46 520.17 Td (records ) Tj ET Q q 0 0 0 rg BT 432.46 520.17 Td (to ) Tj ET Q q 0 0 0 rg BT 442.81 520.17 Td (ensure ) Tj ET Q q 0 0 0 rg BT 471.48 520.17 Td (that ) Tj ET Q q 0 0 0 rg BT 489.04 520.17 Td (no ) Tj ET Q q 0 0 0 rg BT 501.62 520.17 Td (one ) Tj ET Q q 0 0 0 rg BT 518.62 520.17 Td (except ) Tj ET Q q 0 0 0 rg BT 547.29 520.17 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 510.17 Td (seller ) Tj ET Q q 0 0 0 rg BT 218.35 510.17 Td (or ) Tj ET Q q 0 0 0 rg BT 229.88 510.17 Td (borrower ) Tj ET Q q 0 0 0 rg BT 269.72 510.17 Td (has ) Tj ET Q q 0 0 0 rg BT 286.25 510.17 Td (a ) Tj ET Q q 0 0 0 rg BT 293.88 510.17 Td (valid ) Tj ET Q q 0 0 0 rg BT 317.07 510.17 Td (claim ) Tj ET Q q 0 0 0 rg BT 342.48 510.17 Td (on ) Tj ET Q q 0 0 0 rg BT 355.68 510.17 Td (the ) Tj ET Q q 0 0 0 rg BT 371.09 510.17 Td (property ) Tj ET Q q 0 0 0 rg BT 408.16 510.17 Td (and ) Tj ET Q q 0 0 0 rg BT 425.80 510.17 Td (to ) Tj ET Q q 0 0 0 rg BT 436.77 510.17 Td (disclose ) Tj ET Q q 0 0 0 rg BT 472.18 510.17 Td (past ) Tj ET Q q 0 0 0 rg BT 491.49 510.17 Td (and ) Tj ET Q q 0 0 0 rg BT 509.12 510.17 Td (current ) Tj ET Q q 0 0 0 rg BT 540.63 510.17 Td (facts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 500.17 Td (regarding ) Tj ET Q q 0 0 0 rg BT 234.12 500.17 Td (ownership ) Tj ET Q q 0 0 0 rg BT 278.09 500.17 Td (of ) Tj ET Q q 0 0 0 rg BT 288.73 500.17 Td (and ) Tj ET Q q 0 0 0 rg BT 305.47 500.17 Td (liens ) Tj ET Q q 0 0 0 rg BT 326.67 500.17 Td (on ) Tj ET Q q 0 0 0 rg BT 338.97 500.17 Td (the ) Tj ET Q q 0 0 0 rg BT 353.50 500.17 Td (property; ) Tj ET Q q 0 0 0 rg BT 392.46 500.17 Td (title ) Tj ET Q q 0 0 0 rg BT 410.32 500.17 Td (insurance ) Tj ET Q q 0 0 0 rg BT 450.94 500.17 Td (protects ) Tj ET Q q 0 0 0 rg BT 484.90 500.17 Td (the ) Tj ET Q q 0 0 0 rg BT 499.43 500.17 Td (insured ) Tj ET Q q 0 0 0 rg BT 531.17 500.17 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 490.17 Td (any ) Tj ET Q q 0 0 0 rg BT 210.44 490.17 Td (loss ) Tj ET Q q 0 0 0 rg BT 228.50 490.17 Td (caused ) Tj ET Q q 0 0 0 rg BT 258.21 490.17 Td (by ) Tj ET Q q 0 0 0 rg BT 270.71 490.17 Td (defect ) Tj ET Q q 0 0 0 rg BT 297.63 490.17 Td (of ) Tj ET Q q 0 0 0 rg BT 308.46 490.17 Td (title ) Tj ET Q q 0 0 0 rg BT 326.51 490.17 Td (to ) Tj ET Q q 0 0 0 rg BT 336.79 490.17 Td (the ) Tj ET Q q 0 0 0 rg BT 351.51 490.17 Td (property) Tj ET Q q 0 0 0 rg BT 385.06 490.17 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 471.17 Td (Flood Certification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 471.17 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 471.17 Td ( ) Tj ET Q q 0 0 0 rg BT 201.77 471.17 Td (report ) Tj ET Q q 0 0 0 rg BT 227.25 471.17 Td (that ) Tj ET Q q 0 0 0 rg BT 243.84 471.17 Td (determines ) Tj ET Q q 0 0 0 rg BT 289.32 471.17 Td (whether ) Tj ET Q q 0 0 0 rg BT 323.12 471.17 Td (the ) Tj ET Q q 0 0 0 rg BT 336.94 471.17 Td (property ) Tj ET Q q 0 0 0 rg BT 372.42 471.17 Td (is ) Tj ET Q q 0 0 0 rg BT 380.69 471.17 Td (located ) Tj ET Q q 0 0 0 rg BT 411.16 471.17 Td (in ) Tj ET Q q 0 0 0 rg BT 420.54 471.17 Td (a ) Tj ET Q q 0 0 0 rg BT 426.58 471.17 Td (flood ) Tj ET Q q 0 0 0 rg BT 449.29 471.17 Td (hazard ) Tj ET Q q 0 0 0 rg BT 477.54 471.17 Td (area ) Tj ET Q q 0 0 0 rg BT 495.78 471.17 Td (based ) Tj ET Q q 0 0 0 rg BT 520.15 471.17 Td (on ) Tj ET Q q 0 0 0 rg BT 531.75 471.17 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 461.17 Td (flood ) Tj ET Q q 0 0 0 rg BT 218.50 461.17 Td (regulations ) Tj ET Q q 0 0 0 rg BT 266.82 461.17 Td (and ) Tj ET Q q 0 0 0 rg BT 285.15 461.17 Td (whether ) Tj ET Q q 0 0 0 rg BT 321.24 461.17 Td (the ) Tj ET Q q 0 0 0 rg BT 337.35 461.17 Td (lender ) Tj ET Q q 0 0 0 rg BT 366.22 461.17 Td (or ) Tj ET Q q 0 0 0 rg BT 378.44 461.17 Td (investor ) Tj ET Q q 0 0 0 rg BT 414.55 461.17 Td (will ) Tj ET Q q 0 0 0 rg BT 433.99 461.17 Td (require ) Tj ET Q q 0 0 0 rg BT 466.20 461.17 Td (flood ) Tj ET Q q 0 0 0 rg BT 491.19 461.17 Td (insurance ) Tj ET Q q 0 0 0 rg BT 533.40 461.17 Td (on ) Tj ET Q q 0 0 0 rg BT 547.29 461.17 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 451.17 Td (property) Tj ET Q q 0 0 0 rg BT 227.05 451.17 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 432.17 Td (Compliance Review) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 432.17 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 432.17 Td ( ) Tj ET Q q 0 0 0 rg BT 202.50 432.17 Td (service ) Tj ET Q q 0 0 0 rg BT 233.14 432.17 Td (that ) Tj ET Q q 0 0 0 rg BT 250.46 432.17 Td (reviews ) Tj ET Q q 0 0 0 rg BT 283.89 432.17 Td (a ) Tj ET Q q 0 0 0 rg BT 290.66 432.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 310.20 432.17 Td (file ) Tj ET Q q 0 0 0 rg BT 325.86 432.17 Td (to ) Tj ET Q q 0 0 0 rg BT 335.96 432.17 Td (confirm ) Tj ET Q q 0 0 0 rg BT 369.95 432.17 Td (whether ) Tj ET Q q 0 0 0 rg BT 404.48 432.17 Td (a ) Tj ET Q q 0 0 0 rg BT 411.25 432.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 430.79 432.17 Td (complies ) Tj ET Q q 0 0 0 rg BT 469.22 432.17 Td (with ) Tj ET Q q 0 0 0 rg BT 489.33 432.17 Td (federal, ) Tj ET Q q 0 0 0 rg BT 521.91 432.17 Td (state, ) Tj ET Q q 0 0 0 rg BT 545.07 432.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 422.17 Td (local ) Tj ET Q q 0 0 0 rg BT 215.43 422.17 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 403.17 Td (Fraud Detection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 403.17 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 403.17 Td ( ) Tj ET Q q 0 0 0 rg BT 203.96 403.17 Td (service ) Tj ET Q q 0 0 0 rg BT 236.07 403.17 Td (that ) Tj ET Q q 0 0 0 rg BT 254.85 403.17 Td (searches ) Tj ET Q q 0 0 0 rg BT 292.51 403.17 Td (through ) Tj ET Q q 0 0 0 rg BT 327.41 403.17 Td (a ) Tj ET Q q 0 0 0 rg BT 335.63 403.17 Td (number ) Tj ET Q q 0 0 0 rg BT 369.97 403.17 Td (of ) Tj ET Q q 0 0 0 rg BT 382.09 403.17 Td (data ) Tj ET Q q 0 0 0 rg BT 402.54 403.17 Td (fields ) Tj ET Q q 0 0 0 rg BT 428.54 403.17 Td (on ) Tj ET Q q 0 0 0 rg BT 442.33 403.17 Td (a ) Tj ET Q q 0 0 0 rg BT 450.56 403.17 Td (loan ) Tj ET Q q 0 0 0 rg BT 471.57 403.17 Td (application, ) Tj ET Q q 0 0 0 rg BT 522.29 403.17 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 393.17 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 237.15 393.17 Td (or ) Tj ET Q q 0 0 0 rg BT 248.05 393.17 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 298.40 393.17 Td (data ) Tj ET Q q 0 0 0 rg BT 317.63 393.17 Td (or ) Tj ET Q q 0 0 0 rg BT 328.53 393.17 Td (suspicious ) Tj ET Q q 0 0 0 rg BT 372.77 393.17 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 434.48 393.17 Td (and ) Tj ET Q q 0 0 0 rg BT 451.50 393.17 Td (delivers ) Tj ET Q q 0 0 0 rg BT 485.72 393.17 Td (a ) Tj ET Q q 0 0 0 rg BT 492.73 393.17 Td (fraud ) Tj ET Q q 0 0 0 rg BT 516.40 393.17 Td (filter ) Tj ET Q q 0 0 0 rg BT 538.41 393.17 Td (score ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 383.17 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.17 Td (Document Preparation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 364.17 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 364.17 Td ( ) Tj ET Q q 0 0 0 rg BT 202.55 364.17 Td (service ) Tj ET Q q 0 0 0 rg BT 233.25 364.17 Td (that ) Tj ET Q q 0 0 0 rg BT 250.63 364.17 Td (automates ) Tj ET Q q 0 0 0 rg BT 293.55 364.17 Td (the ) Tj ET Q q 0 0 0 rg BT 308.15 364.17 Td (process ) Tj ET Q q 0 0 0 rg BT 340.53 364.17 Td (of ) Tj ET Q q 0 0 0 rg BT 351.24 364.17 Td (preparing ) Tj ET Q q 0 0 0 rg BT 391.94 364.17 Td (the ) Tj ET Q q 0 0 0 rg BT 406.54 364.17 Td (legal ) Tj ET Q q 0 0 0 rg BT 428.35 364.17 Td (documents ) Tj ET Q q 0 0 0 rg BT 474.06 364.17 Td (required ) Tj ET Q q 0 0 0 rg BT 509.76 364.17 Td (for ) Tj ET Q q 0 0 0 rg BT 523.80 364.17 Td (closing ) Tj ET Q q 0 0 0 rg BT 555.07 364.17 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 354.17 Td (loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 335.17 Td (Mortgage Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 335.17 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 234.60 335.17 Td (that ) Tj ET Q q 0 0 0 rg BT 251.83 335.17 Td (protects ) Tj ET Q q 0 0 0 rg BT 285.71 335.17 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 325.71 335.17 Td (lenders ) Tj ET Q q 0 0 0 rg BT 356.82 335.17 Td (against ) Tj ET Q q 0 0 0 rg BT 387.37 335.17 Td (loss ) Tj ET Q q 0 0 0 rg BT 405.17 335.17 Td (in ) Tj ET Q q 0 0 0 rg BT 415.17 335.17 Td (the ) Tj ET Q q 0 0 0 rg BT 429.62 335.17 Td (event ) Tj ET Q q 0 0 0 rg BT 453.51 335.17 Td (of ) Tj ET Q q 0 0 0 rg BT 464.07 335.17 Td (default ) Tj ET Q q 0 0 0 rg BT 494.07 335.17 Td (by ) Tj ET Q q 0 0 0 rg BT 506.30 335.17 Td (the ) Tj ET Q q 0 0 0 rg BT 520.75 335.17 Td (borrower) Tj ET Q q 0 0 0 rg BT 557.20 335.17 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 325.17 Td (which ) Tj ET Q q 0 0 0 rg BT 220.44 325.17 Td (can ) Tj ET Q q 0 0 0 rg BT 236.82 325.17 Td (allow ) Tj ET Q q 0 0 0 rg BT 261.53 325.17 Td (lenders ) Tj ET Q q 0 0 0 rg BT 292.91 325.17 Td (to ) Tj ET Q q 0 0 0 rg BT 303.19 325.17 Td (originate ) Tj ET Q q 0 0 0 rg BT 341.23 325.17 Td (loans ) Tj ET Q q 0 0 0 rg BT 364.84 325.17 Td (with ) Tj ET Q q 0 0 0 rg BT 385.12 325.17 Td (lower ) Tj ET Q q 0 0 0 rg BT 410.38 325.17 Td (down ) Tj ET Q q 0 0 0 rg BT 435.11 325.17 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 306.17 Td (Income, Identity and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 296.17 Td (Employment Verifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 306.17 Td (Services ) Tj ET Q q 0 0 0 rg BT 232.40 306.17 Td (that ) Tj ET Q q 0 0 0 rg BT 252.42 306.17 Td (automate ) Tj ET Q q 0 0 0 rg BT 294.10 306.17 Td (the ) Tj ET Q q 0 0 0 rg BT 311.34 306.17 Td (verification ) Tj ET Q q 0 0 0 rg BT 362.45 306.17 Td (of ) Tj ET Q q 0 0 0 rg BT 375.80 306.17 Td (each ) Tj ET Q q 0 0 0 rg BT 399.14 306.17 Td (of ) Tj ET Q q 0 0 0 rg BT 412.50 306.17 Td (a ) Tj ET Q q 0 0 0 rg BT 421.96 306.17 Td (borrower) Tj ET Q q 0 0 0 rg BT 458.98 306.17 Td () Tj ET Q q 0 0 0 rg BT 461.76 306.17 Td (s ) Tj ET Q q 0 0 0 rg BT 470.68 306.17 Td (income, ) Tj ET Q q 0 0 0 rg BT 507.64 306.17 Td (identity) Tj ET Q q 0 0 0 rg BT 537.54 306.17 Td (, ) Tj ET Q q 0 0 0 rg BT 545.06 306.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 296.17 Td (employment ) Tj ET Q q 0 0 0 rg BT 246.98 296.17 Td (through ) Tj ET Q q 0 0 0 rg BT 281.57 296.17 Td (a ) Tj ET Q q 0 0 0 rg BT 289.49 296.17 Td (variety ) Tj ET Q q 0 0 0 rg BT 320.74 296.17 Td (of ) Tj ET Q q 0 0 0 rg BT 332.56 296.17 Td (sources, ) Tj ET Q q 0 0 0 rg BT 368.53 296.17 Td (including ) Tj ET Q q 0 0 0 rg BT 409.79 296.17 Td (the ) Tj ET Q q 0 0 0 rg BT 425.49 296.17 Td (Internal ) Tj ET Q q 0 0 0 rg BT 460.07 296.17 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 498.54 296.17 Td (Service, ) Tj ET Q q 0 0 0 rg BT 534.51 296.17 Td (Social ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 286.17 Td (Security ) Tj ET Q q 0 0 0 rg BT 228.77 286.17 Td (Administration, ) Tj ET Q q 0 0 0 rg BT 294.33 286.17 Td (and ) Tj ET Q q 0 0 0 rg BT 311.26 286.17 Td (other ) Tj ET Q q 0 0 0 rg BT 334.31 286.17 Td (third ) Tj ET Q q 0 0 0 rg BT 355.70 286.17 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (AllRegs) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 99.99 238.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 154.37 238.10 Td (System: ) Tj ET Q q 0 0 0 rg BT 187.63 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.80 238.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 207.52 238.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 258.00 238.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 312.37 238.10 Td (System ) Tj ET Q q 0 0 0 rg BT 343.99 238.10 Td (leverages ) Tj ET Q q 0 0 0 rg BT 383.91 238.10 Td (components ) Tj ET Q q 0 0 0 rg BT 434.40 238.10 Td (from ) Tj ET Q q 0 0 0 rg BT 456.01 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.91 238.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 504.86 238.10 Td (product ) Tj ET Q q 0 0 0 rg BT 537.57 238.10 Td (line ) Tj ET Q q 0 0 0 rg BT 554.73 238.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 73.05 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 83.82 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.71 226.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 153.69 226.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 202.23 226.10 Td (management ) Tj ET Q q 0 0 0 rg BT 255.76 226.10 Td (system ) Tj ET Q q 0 0 0 rg BT 285.99 226.10 Td (for ) Tj ET Q q 0 0 0 rg BT 300.10 226.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 333.75 226.10 Td (This ) Tj ET Q q 0 0 0 rg BT 353.97 226.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 389.74 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.87 226.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 439.09 226.10 Td (Policy ) Tj ET Q q 0 0 0 rg BT 467.10 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.98 226.10 Td (Education ) Tj ET Q q 0 0 0 rg BT 526.97 226.10 Td (Manager ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.89 214.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 101.17 214.10 Td (Online. ) Tj ET Q q 0 0 0 rg BT 133.38 214.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.00 197.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 102.27 197.10 Td (Policy ) Tj ET Q q 0 0 0 rg BT 130.33 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.27 197.10 Td (Education ) Tj ET Q q 0 0 0 rg BT 190.31 197.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 228.35 197.10 Td (includes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 180.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 103.50 180.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 137.09 180.10 Td (Education) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.20 180.10 Td (: ) Tj ET Q q 0 0 0 rg BT 183.46 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.77 180.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 222.15 180.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 257.42 180.10 Td (Education, ) Tj ET Q q 0 0 0 rg BT 302.95 180.10 Td (we ) Tj ET Q q 0 0 0 rg BT 317.10 180.10 Td (of) Tj ET Q q 0 0 0 rg BT 325.25 180.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 338.84 180.10 Td (courses ) Tj ET Q q 0 0 0 rg BT 371.32 180.10 Td (related ) Tj ET Q q 0 0 0 rg BT 401.01 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.27 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.98 180.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 466.23 180.10 Td (industry) Tj ET Q q 0 0 0 rg BT 498.36 180.10 Td (.Customers ) Tj ET Q q 0 0 0 rg BT 548.63 180.10 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 168.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 133.84 168.10 Td (from ) Tj ET Q q 0 0 0 rg BT 155.85 168.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.86 168.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 193.20 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.10 168.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 239.44 168.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 273.96 168.10 Td (including ) Tj ET Q q 0 0 0 rg BT 314.30 168.10 Td (self-paced ) Tj ET Q q 0 0 0 rg BT 357.96 168.10 Td (training, ) Tj ET Q q 0 0 0 rg BT 394.13 168.10 Td (instructor) Tj ET Q q 0 0 0 rg BT 432.26 168.10 Td (-led ) Tj ET Q q 0 0 0 rg BT 450.38 168.10 Td (online ) Tj ET Q q 0 0 0 rg BT 477.95 168.10 Td (courses, ) Tj ET Q q 0 0 0 rg BT 513.01 168.10 Td (webinars, ) Tj ET Q q 0 0 0 rg BT 554.18 168.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 156.10 Td (live ) Tj ET Q q 0 0 0 rg BT 119.92 156.10 Td (classroom ) Tj ET Q q 0 0 0 rg BT 161.90 156.10 Td (training.Our ) Tj ET Q q 0 0 0 rg BT 214.99 156.10 Td (courses ) Tj ET Q q 0 0 0 rg BT 246.41 156.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 270.05 156.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.81 156.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 326.79 156.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.00 156.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 356.86 156.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 401.06 156.10 Td (education ) Tj ET Q q 0 0 0 rg BT 441.37 156.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 495.00 156.10 Td (for ) Tj ET Q q 0 0 0 rg BT 508.09 156.10 Td (state-licensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 144.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 143.76 144.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 163.48 144.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 211.81 144.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.64 144.10 Td (well ) Tj ET Q q 0 0 0 rg BT 242.35 144.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.18 144.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 303.99 144.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 344.26 144.10 Td (for ) Tj ET Q q 0 0 0 rg BT 358.42 144.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 398.68 144.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 433.96 144.10 Td (professionals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 127.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 103.50 127.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 137.89 127.10 Td (Policy ) Tj ET Q q 0 0 0 rg BT 166.72 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.00 127.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 194.63 127.10 Td (ocedur) Tj ET Q q 0 0 0 rg BT 222.03 127.10 Td (e ) Tj ET Q q 0 0 0 rg BT 229.75 127.10 Td (Manuals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.75 127.10 Td (: ) Tj ET Q q 0 0 0 rg BT 270.82 127.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.87 127.10 Td (W) Tj ET Q q 0 0 0 rg BT 282.51 127.10 Td (e ) Tj ET Q q 0 0 0 rg BT 290.23 127.10 Td (help ) Tj ET Q q 0 0 0 rg BT 310.73 127.10 Td (or) Tj ET Q q 0 0 0 rg BT 318.88 127.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 367.71 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.33 127.10 Td (all ) Tj ET Q q 0 0 0 rg BT 392.61 127.10 Td (sizes ) Tj ET Q q 0 0 0 rg BT 415.33 127.10 Td (author) Tj ET Q q 0 0 0 rg BT 440.48 127.10 Td (, ) Tj ET Q q 0 0 0 rg BT 446.27 127.10 Td (publish, ) Tj ET Q q 0 0 0 rg BT 481.50 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.22 127.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 537.50 127.10 Td (policy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 115.10 Td (manuals, ) Tj ET Q q 0 0 0 rg BT 141.83 115.10 Td (procedure ) Tj ET Q q 0 0 0 rg BT 184.30 115.10 Td (templates, ) Tj ET Q q 0 0 0 rg BT 227.62 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.56 115.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 277.05 115.10 Td (handbooks. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 83.61 98.10 Td (Online) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.82 98.10 Td (: ) Tj ET Q q 0 0 0 rg BT 116.60 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.39 98.10 Td (W) Tj ET Q q 0 0 0 rg BT 128.02 98.10 Td (e ) Tj ET Q q 0 0 0 rg BT 135.47 98.10 Td (of) Tj ET Q q 0 0 0 rg BT 143.61 98.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 157.72 98.10 Td (access ) Tj ET Q q 0 0 0 rg BT 186.25 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.03 98.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.48 98.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 268.01 98.10 Td (online ) Tj ET Q q 0 0 0 rg BT 296.01 98.10 Td (database ) Tj ET Q q 0 0 0 rg BT 333.43 98.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 376.99 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.32 98.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 431.32 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.66 98.10 Td (government ) Tj ET Q q 0 0 0 rg BT 493.42 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.86 98.10 Td (conventional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 81.90 86.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 125.40 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.24 86.10 Td (forms, ) Tj ET Q q 0 0 0 rg BT 170.48 86.10 Td (as ) Tj ET Q q 0 0 0 rg BT 181.21 86.10 Td (well ) Tj ET Q q 0 0 0 rg BT 200.83 86.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.56 86.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 241.72 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.56 86.10 Td (state ) Tj ET Q q 0 0 0 rg BT 279.29 86.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 300.02 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.86 86.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 366.02 86.10 Td (W) Tj ET Q q 0 0 0 rg BT 374.66 86.10 Td (e ) Tj ET Q q 0 0 0 rg BT 381.50 86.10 Td (also ) Tj ET Q q 0 0 0 rg BT 400.01 86.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 432.96 86.10 Td (access ) Tj ET Q q 0 0 0 rg BT 460.90 86.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.08 86.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 501.24 86.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 548.08 86.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 74.41 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.42 74.10 Td (state ) Tj ET Q q 0 0 0 rg BT 110.32 74.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 157.99 74.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 197.32 74.10 Td (including ) Tj ET Q q 0 0 0 rg BT 236.67 74.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 270.46 74.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 313.70 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.72 74.10 Td (email ) Tj ET Q q 0 0 0 rg BT 353.50 74.10 Td (updates, ) Tj ET Q q 0 0 0 rg BT 388.13 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.14 74.10 Td (we ) Tj ET Q q 0 0 0 rg BT 417.38 74.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.16 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.95 74.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 484.29 74.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 525.29 74.10 Td (publisher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 62.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.03 62.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 130.30 62.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 162.79 62.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 206.39 62.10 Td (for ) Tj ET Q q 0 0 0 rg BT 220.55 62.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 250.27 62.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 270.54 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.48 62.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 320.53 62.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 340.79 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.73 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.45 62.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 404.93 62.10 Td (Home ) Tj ET Q q 0 0 0 rg BT 431.87 62.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 454.92 62.10 Td (Bank.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 33.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 33.60 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 83.33 740.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 92.96 740.10 Td (ofessional ) Tj ET Q q 0 0 0 rg BT 136.24 740.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.55 740.10 Td (: ) Tj ET Q q 0 0 0 rg BT 175.06 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.58 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 186.22 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 193.39 740.10 Td (of) Tj ET Q q 0 0 0 rg BT 201.53 740.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 215.36 740.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 277.51 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 312.44 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 330.16 740.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 355.10 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.16 740.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 414.43 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.93 740.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 458.75 740.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 492.02 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 532.51 740.10 Td (lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 102.05 728.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.69 728.10 Td (e ) Tj ET Q q 0 0 0 rg BT 119.40 728.10 Td (also ) Tj ET Q q 0 0 0 rg BT 139.78 728.10 Td (of) Tj ET Q q 0 0 0 rg BT 147.93 728.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 163.30 728.10 Td (management ) Tj ET Q q 0 0 0 rg BT 218.66 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.26 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.86 728.10 Td (customers) Tj ET Q q 0 0 0 rg BT 292.00 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.27 728.10 Td (document ) Tj ET Q q 0 0 0 rg BT 339.97 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.68 728.10 Td (guideline ) Tj ET Q q 0 0 0 rg BT 400.17 728.10 Td (publishing ) Tj ET Q q 0 0 0 rg BT 446.67 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 468.71 728.10 Td (private ) Tj ET Q q 0 0 0 rg BT 500.75 728.10 Td (label ) Tj ET Q q 0 0 0 rg BT 524.46 728.10 Td (branding. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.40 716.10 Td (we ) Tj ET Q q 0 0 0 rg BT 118.56 716.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 151.61 716.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 183.00 716.10 Td (training ) Tj ET Q q 0 0 0 rg BT 216.60 716.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 255.22 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 266.05 716.10 Td (well ) Tj ET Q q 0 0 0 rg BT 285.76 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 296.59 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.53 716.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 331.03 716.10 Td (learning ) Tj ET Q q 0 0 0 rg BT 366.30 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.24 716.10 Td (content ) Tj ET Q q 0 0 0 rg BT 415.17 716.10 Td (management ) Tj ET Q q 0 0 0 rg BT 468.76 716.10 Td (tool.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 72.88 699.10 Td (& ) Tj ET Q q 0 0 0 rg BT 83.79 699.10 Td (Analytics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 699.10 Td (: ) Tj ET Q q 0 0 0 rg BT 127.16 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.29 699.10 Td (W) Tj ET Q q 0 0 0 rg BT 138.93 699.10 Td (e ) Tj ET Q q 0 0 0 rg BT 146.75 699.10 Td (track ) Tj ET Q q 0 0 0 rg BT 170.11 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.93 699.10 Td (make ) Tj ET Q q 0 0 0 rg BT 212.96 699.10 Td (available ) Tj ET Q q 0 0 0 rg BT 252.43 699.10 Td (information ) Tj ET Q q 0 0 0 rg BT 303.02 699.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 344.71 699.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 380.30 699.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 400.90 699.10 Td (products ) Tj ET Q q 0 0 0 rg BT 438.71 699.10 Td (from ) Tj ET Q q 0 0 0 rg BT 461.53 699.10 Td (many ) Tj ET Q q 0 0 0 rg BT 487.13 699.10 Td (dif) Tj ET Q q 0 0 0 rg BT 498.05 699.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 524.75 699.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 91.92 687.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 111.29 687.10 Td (product ) Tj ET Q q 0 0 0 rg BT 144.81 687.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 181.40 687.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 214.09 687.10 Td (Clarity ) Tj ET Q q 0 0 0 rg BT 253.28 687.10 Td (service ) Tj ET Q q 0 0 0 rg BT 285.40 687.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 319.20 687.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 360.78 687.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 407.92 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.51 687.10 Td (search ) Tj ET Q q 0 0 0 rg BT 448.86 687.10 Td (across ) Tj ET Q q 0 0 0 rg BT 477.67 687.10 Td (these ) Tj ET Q q 0 0 0 rg BT 502.03 687.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 545.28 687.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 88.94 675.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 126.43 675.10 Td (them ) Tj ET Q q 0 0 0 rg BT 148.93 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.21 675.10 Td (select ) Tj ET Q q 0 0 0 rg BT 184.47 675.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 232.50 675.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 252.22 675.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 292.49 675.10 Td (for ) Tj ET Q q 0 0 0 rg BT 306.65 675.10 Td (their ) Tj ET Q q 0 0 0 rg BT 327.47 675.10 Td (borrowers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 73.67 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.29 649.10 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 632.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.04 632.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 113.47 632.10 Td (force ) Tj ET Q q 0 0 0 rg BT 137.00 632.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 171.67 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.99 632.10 Td (four ) Tj ET Q q 0 0 0 rg BT 202.64 632.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 235.08 632.10 Td (teams ) Tj ET Q q 0 0 0 rg BT 261.39 632.10 Td (who ) Tj ET Q q 0 0 0 rg BT 281.61 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 296.81 632.10 Td (deployed ) Tj ET Q q 0 0 0 rg BT 336.45 632.10 Td (across ) Tj ET Q q 0 0 0 rg BT 364.44 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.65 632.10 Td (country ) Tj ET Q q 0 0 0 rg BT 413.18 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.96 632.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 448.06 632.10 Td (Development, ) Tj ET Q q 0 0 0 rg BT 507.42 632.10 Td (New ) Tj ET Q q 0 0 0 rg BT 528.63 632.10 Td (Account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 101.47 620.10 Td (Solution ) Tj ET Q q 0 0 0 rg BT 138.17 620.10 Td (Engineering, ) Tj ET Q q 0 0 0 rg BT 192.34 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.96 620.10 Td (Account ) Tj ET Q q 0 0 0 rg BT 245.64 620.10 Td (Management. ) Tj ET Q q 0 0 0 rg BT 302.94 620.10 Td (These ) Tj ET Q q 0 0 0 rg BT 329.62 620.10 Td (teams ) Tj ET Q q 0 0 0 rg BT 355.75 620.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 389.64 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.88 620.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 430.24 620.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.37 620.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 485.82 620.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 523.61 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.85 620.10 Td (focus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.46 608.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 106.19 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.92 608.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 146.76 608.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.04 608.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 200.66 608.10 Td (base. ) Tj ET Q q 0 0 0 rg BT 222.74 608.10 Td (They ) Tj ET Q q 0 0 0 rg BT 245.24 608.10 Td (also ) Tj ET Q q 0 0 0 rg BT 263.31 608.10 Td (encourage ) Tj ET Q q 0 0 0 rg BT 306.35 608.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 343.30 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.59 608.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.76 608.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 388.60 608.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 408.33 608.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.32 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.28 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.67 608.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.96 608.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 527.79 608.10 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 83.09 596.10 Td (new ) Tj ET Q q 0 0 0 rg BT 102.25 596.10 Td (product ) Tj ET Q q 0 0 0 rg BT 135.30 596.10 Td (introductions, ) Tj ET Q q 0 0 0 rg BT 193.07 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.01 596.10 Td (cross ) Tj ET Q q 0 0 0 rg BT 233.06 596.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 249.45 596.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 288.07 596.10 Td (added ) Tj ET Q q 0 0 0 rg BT 314.45 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.72 596.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.55 596.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 378.05 596.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.88 596.10 Td (a ) Tj ET Q q 0 0 0 rg BT 395.82 596.10 Td (result ) Tj ET Q q 0 0 0 rg BT 420.54 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.37 596.10 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 579.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.91 579.10 Td (o ) Tj ET Q q 0 0 0 rg BT 86.36 579.10 Td (build ) Tj ET Q q 0 0 0 rg BT 110.36 579.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 136.57 579.10 Td (awareness ) Tj ET Q q 0 0 0 rg BT 181.11 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.99 579.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 236.30 579.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 259.19 579.10 Td (leads, ) Tj ET Q q 0 0 0 rg BT 285.68 579.10 Td (we ) Tj ET Q q 0 0 0 rg BT 300.79 579.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 335.89 579.10 Td (digital ) Tj ET Q q 0 0 0 rg BT 364.89 579.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 408.88 579.10 Td (campaigns, ) Tj ET Q q 0 0 0 rg BT 457.58 579.10 Td (webinars, ) Tj ET Q q 0 0 0 rg BT 499.63 579.10 Td (public ) Tj ET Q q 0 0 0 rg BT 528.07 579.10 Td (relations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.10 Td (campaigns, ) Tj ET Q q 0 0 0 rg BT 97.59 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.86 567.10 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 164.42 567.10 Td (W) Tj ET Q q 0 0 0 rg BT 173.06 567.10 Td (e ) Tj ET Q q 0 0 0 rg BT 180.33 567.10 Td (attend ) Tj ET Q q 0 0 0 rg BT 207.59 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.86 567.10 Td (sponsor ) Tj ET Q q 0 0 0 rg BT 258.80 567.10 Td (many ) Tj ET Q q 0 0 0 rg BT 283.85 567.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 324.44 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.71 567.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 376.75 567.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 412.36 567.10 Td (conferences ) Tj ET Q q 0 0 0 rg BT 462.94 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.20 567.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 516.36 567.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 538.07 567.10 Td (Mae) Tj ET Q q 0 0 0 rg BT 558.62 567.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 78.66 555.10 Td (user ) Tj ET Q q 0 0 0 rg BT 97.82 555.10 Td (conference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 529.10 Td (ofessional ) Tj ET Q q 0 0 0 rg BT 104.04 529.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 143.84 529.10 Td (T) Tj ET Q q 0 0 0 rg BT 149.59 529.10 Td (echnical ) Tj ET Q q 0 0 0 rg BT 187.09 529.10 Td (Support, ) Tj ET Q q 0 0 0 rg BT 227.10 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.73 529.10 Td (Education) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 503.10 Td (ofessional ) Tj ET Q q 0 0 0 rg BT 102.19 503.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 486.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.22 486.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 141.26 486.10 Td (services ) Tj ET Q q 0 0 0 rg BT 175.63 486.10 Td (or) Tj ET Q q 0 0 0 rg BT 183.78 486.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 227.60 486.10 Td (promotes ) Tj ET Q q 0 0 0 rg BT 266.98 486.10 Td (best ) Tj ET Q q 0 0 0 rg BT 285.25 486.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 319.06 486.10 Td (implementations ) Tj ET Q q 0 0 0 rg BT 387.88 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.48 486.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 439.43 486.10 Td (software ) Tj ET Q q 0 0 0 rg BT 476.02 486.10 Td (upkeep ) Tj ET Q q 0 0 0 rg BT 507.07 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.01 486.10 Td (support ) Tj ET Q q 0 0 0 rg BT 549.17 486.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (customers) Tj ET Q q 0 0 0 rg BT 92.63 474.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.40 474.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 132.80 474.10 Td (workflows ) Tj ET Q q 0 0 0 rg BT 177.34 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.54 474.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 230.29 474.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.83 474.10 Td (other ) Tj ET Q q 0 0 0 rg BT 272.14 474.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 301.67 474.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 335.10 474.10 Td (while ) Tj ET Q q 0 0 0 rg BT 359.08 474.10 Td (improving ) Tj ET Q q 0 0 0 rg BT 402.52 474.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 453.16 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.37 474.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 513.91 474.10 Td (compliance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.34 462.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 118.51 462.10 Td (services ) Tj ET Q q 0 0 0 rg BT 153.01 462.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 218.07 462.10 Td (team ) Tj ET Q q 0 0 0 rg BT 239.80 462.10 Td (is ) Tj ET Q q 0 0 0 rg BT 248.76 462.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 286.04 462.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 329.99 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.61 462.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 405.67 462.10 Td (consultants, ) Tj ET Q q 0 0 0 rg BT 455.45 462.10 Td (project ) Tj ET Q q 0 0 0 rg BT 485.51 462.10 Td (managers, ) Tj ET Q q 0 0 0 rg BT 528.62 462.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.10 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 86.59 450.10 Td (product ) Tj ET Q q 0 0 0 rg BT 119.52 450.10 Td (specialists, ) Tj ET Q q 0 0 0 rg BT 165.50 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.31 450.10 Td (custom ) Tj ET Q q 0 0 0 rg BT 213.58 450.10 Td (development ) Tj ET Q q 0 0 0 rg BT 267.60 450.10 Td (resources. ) Tj ET Q q 0 0 0 rg BT 312.74 450.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 330.67 450.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 395.81 450.10 Td (team ) Tj ET Q q 0 0 0 rg BT 417.62 450.10 Td (assists ) Tj ET Q q 0 0 0 rg BT 445.56 450.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 488.48 450.10 Td (with ) Tj ET Q q 0 0 0 rg BT 508.64 450.10 Td (configuration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.28 438.10 Td (our ) Tj ET Q q 0 0 0 rg BT 78.07 438.10 Td (products ) Tj ET Q q 0 0 0 rg BT 115.96 438.10 Td (for ) Tj ET Q q 0 0 0 rg BT 131.07 438.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 175.63 438.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 216.85 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.74 438.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 278.19 438.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 302.75 438.10 Td (implemented, ) Tj ET Q q 0 0 0 rg BT 360.91 438.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.69 438.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 415.58 438.10 Td (team ) Tj ET Q q 0 0 0 rg BT 438.47 438.10 Td (of) Tj ET Q q 0 0 0 rg BT 446.62 438.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 465.06 438.10 Td (assistance ) Tj ET Q q 0 0 0 rg BT 508.50 438.10 Td (with ) Tj ET Q q 0 0 0 rg BT 529.73 438.10 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.52 426.10 Td (tuning ) Tj ET Q q 0 0 0 rg BT 130.58 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.52 426.10 Td (continual ) Tj ET Q q 0 0 0 rg BT 187.23 426.10 Td (best ) Tj ET Q q 0 0 0 rg BT 205.84 426.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 239.98 426.10 Td (configuration ) Tj ET Q q 0 0 0 rg BT 296.35 426.10 Td (adjustments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 400.10 Td (echnical ) Tj ET Q q 0 0 0 rg BT 90.52 400.10 Td (Support ) Tj ET Q q 0 0 0 rg BT 124.69 400.10 Td (& ) Tj ET Q q 0 0 0 rg BT 134.96 400.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 383.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.70 383.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 127.44 383.10 Td (support ) Tj ET Q q 0 0 0 rg BT 159.09 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.18 383.10 Td (services ) Tj ET Q q 0 0 0 rg BT 209.04 383.10 Td (or) Tj ET Q q 0 0 0 rg BT 217.19 383.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 260.49 383.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 290.46 383.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 328.21 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.64 383.10 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 387.88 383.10 Td (business ) Tj ET Q q 0 0 0 rg BT 423.42 383.10 Td (workflows, ) Tj ET Q q 0 0 0 rg BT 470.34 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.43 383.10 Td (product ) Tj ET Q q 0 0 0 rg BT 518.63 383.10 Td (knowledge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.81 371.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 88.43 371.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.29 371.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 147.37 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.67 371.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 190.74 371.10 Td (better ) Tj ET Q q 0 0 0 rg BT 216.03 371.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 241.88 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.74 371.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 304.15 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.12 371.10 Td (more ) Tj ET Q q 0 0 0 rg BT 344.20 371.10 Td (ef) Tj ET Q q 0 0 0 rg BT 351.79 371.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 381.52 371.10 Td (use ) Tj ET Q q 0 0 0 rg BT 397.38 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.24 371.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 429.65 371.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 449.94 371.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 503.02 371.10 Td (which ) Tj ET Q q 0 0 0 rg BT 529.98 371.10 Td (result ) Tj ET Q q 0 0 0 rg BT 554.73 371.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (maximization ) Tj ET Q q 0 0 0 rg BT 106.48 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.80 359.10 Td (return ) Tj ET Q q 0 0 0 rg BT 142.67 359.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.66 359.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 205.39 359.10 Td (This ) Tj ET Q q 0 0 0 rg BT 225.16 359.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.82 359.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 271.35 359.10 Td (through ) Tj ET Q q 0 0 0 rg BT 304.45 359.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 329.20 359.10 Td (interactions ) Tj ET Q q 0 0 0 rg BT 377.85 359.10 Td (with ) Tj ET Q q 0 0 0 rg BT 397.62 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.05 359.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 444.35 359.10 Td (support ) Tj ET Q q 0 0 0 rg BT 476.34 359.10 Td (team ) Tj ET Q q 0 0 0 rg BT 497.77 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.20 359.10 Td (experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (support ) Tj ET Q q 0 0 0 rg BT 82.00 347.10 Td (engineers ) Tj ET Q q 0 0 0 rg BT 122.82 347.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 158.65 347.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 195.32 347.10 Td (processes, ) Tj ET Q q 0 0 0 rg BT 238.64 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.57 347.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 301.95 347.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 345.54 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.82 347.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 393.30 347.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 432.45 347.10 Td (success.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 321.10 Td (Education ) Tj ET Q q 0 0 0 rg BT 93.10 321.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 304.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.42 304.10 Td (education ) Tj ET Q q 0 0 0 rg BT 131.66 304.10 Td (or) Tj ET Q q 0 0 0 rg BT 139.80 304.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 183.82 304.10 Td (develops ) Tj ET Q q 0 0 0 rg BT 221.73 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.54 304.10 Td (delivers ) Tj ET Q q 0 0 0 rg BT 272.56 304.10 Td (training ) Tj ET Q q 0 0 0 rg BT 306.03 304.10 Td (curriculum ) Tj ET Q q 0 0 0 rg BT 352.27 304.10 Td (which ) Tj ET Q q 0 0 0 rg BT 379.07 304.10 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 420.30 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.89 304.10 Td (foundation ) Tj ET Q q 0 0 0 rg BT 480.58 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.27 304.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 537.51 304.10 Td (across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.74 292.10 Td (user ) Tj ET Q q 0 0 0 rg BT 83.30 292.10 Td (base. ) Tj ET Q q 0 0 0 rg BT 107.98 292.10 Td (Education ) Tj ET Q q 0 0 0 rg BT 150.43 292.10 Td (is ) Tj ET Q q 0 0 0 rg BT 159.00 292.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 198.11 292.10 Td (live ) Tj ET Q q 0 0 0 rg BT 215.02 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.70 292.10 Td (classroom ) Tj ET Q q 0 0 0 rg BT 267.15 292.10 Td (settings ) Tj ET Q q 0 0 0 rg BT 299.62 292.10 Td (at ) Tj ET Q q 0 0 0 rg BT 308.74 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.98 292.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 362.81 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.16 292.10 Td (on-location, ) Tj ET Q q 0 0 0 rg BT 429.11 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 439.34 292.10 Td (well ) Tj ET Q q 0 0 0 rg BT 458.47 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.70 292.10 Td (virtually ) Tj ET Q q 0 0 0 rg BT 504.49 292.10 Td (through ) Tj ET Q q 0 0 0 rg BT 537.51 292.10 Td (online ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 96.42 280.10 Td (formats. ) Tj ET Q q 0 0 0 rg BT 133.90 280.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 151.38 280.10 Td (curriculum ) Tj ET Q q 0 0 0 rg BT 197.19 280.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 232.44 280.10 Td (foundational ) Tj ET Q q 0 0 0 rg BT 284.92 280.10 Td (training ) Tj ET Q q 0 0 0 rg BT 317.96 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.67 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.82 280.10 Td (use ) Tj ET Q q 0 0 0 rg BT 357.08 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.45 280.10 Td (workflows ) Tj ET Q q 0 0 0 rg BT 418.16 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.42 280.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.68 280.10 Td (various ) Tj ET Q q 0 0 0 rg BT 475.05 280.10 Td (products ) Tj ET Q q 0 0 0 rg BT 511.42 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.79 280.10 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.47 268.10 Td (well ) Tj ET Q q 0 0 0 rg BT 78.34 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.31 268.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 127.71 268.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 177.66 268.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 217.07 268.10 Td (oriented ) Tj ET Q q 0 0 0 rg BT 251.48 268.10 Td (toward ) Tj ET Q q 0 0 0 rg BT 280.89 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.75 268.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 334.15 268.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 372.45 268.10 Td (who ) Tj ET Q q 0 0 0 rg BT 391.32 268.10 Td (wishes ) Tj ET Q q 0 0 0 rg BT 420.19 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.61 268.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 448.47 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.33 268.10 Td (most ) Tj ET Q q 0 0 0 rg BT 483.42 268.10 Td (out ) Tj ET Q q 0 0 0 rg BT 497.85 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.82 268.10 Td (their ) Tj ET Q q 0 0 0 rg BT 527.79 268.10 Td (solution. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 242.10 Td (echnology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 225.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.55 225.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 137.49 225.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 193.85 225.10 Td (supports ) Tj ET Q q 0 0 0 rg BT 230.24 225.10 Td (all ) Tj ET Q q 0 0 0 rg BT 242.73 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.56 225.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.39 225.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 291.89 225.10 Td (products ) Tj ET Q q 0 0 0 rg BT 328.83 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.77 225.10 Td (services.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 72.00 199.10 Td (Centers ) Tj ET Q q 0 0 0 rg BT 105.61 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.11 199.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 159.31 199.10 Td (Access) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 182.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.06 182.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 125.73 182.10 Td (data ) Tj ET Q q 0 0 0 rg BT 145.39 182.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 176.71 182.10 Td (are ) Tj ET Q q 0 0 0 rg BT 191.93 182.10 Td (hosted ) Tj ET Q q 0 0 0 rg BT 221.05 182.10 Td (by ) Tj ET Q q 0 0 0 rg BT 234.06 182.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.51 182.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 273.95 182.10 Td (SOC ) Tj ET Q q 0 0 0 rg BT 296.41 182.10 Td (1/SSAE-16 ) Tj ET Q q 0 0 0 rg BT 344.76 182.10 Td (T) Tj ET Q q 0 0 0 rg BT 350.17 182.10 Td (ype ) Tj ET Q q 0 0 0 rg BT 367.62 182.10 Td (II ) Tj ET Q q 0 0 0 rg BT 377.29 182.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 413.61 182.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 450.50 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.84 182.10 Td (hosting ) Tj ET Q q 0 0 0 rg BT 494.29 182.10 Td (services ) Tj ET Q q 0 0 0 rg BT 529.51 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.30 182.10 Td (Santa ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (Clara, ) Tj ET Q q 0 0 0 rg BT 75.98 170.10 Td (California ) Tj ET Q q 0 0 0 rg BT 118.86 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.62 170.10 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 173.78 170.10 Td (Illinois. ) Tj ET Q q 0 0 0 rg BT 206.43 170.10 Td (Applications ) Tj ET Q q 0 0 0 rg BT 259.86 170.10 Td (we ) Tj ET Q q 0 0 0 rg BT 273.85 170.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 306.73 170.10 Td (will ) Tj ET Q q 0 0 0 rg BT 324.61 170.10 Td (run ) Tj ET Q q 0 0 0 rg BT 340.27 170.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 374.25 170.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.36 170.10 Td (either ) Tj ET Q q 0 0 0 rg BT 409.45 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.11 170.10 Td (these ) Tj ET Q q 0 0 0 rg BT 442.98 170.10 Td (two ) Tj ET Q q 0 0 0 rg BT 460.31 170.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 480.42 170.10 Td (at ) Tj ET Q q 0 0 0 rg BT 489.97 170.10 Td (any ) Tj ET Q q 0 0 0 rg BT 506.73 170.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 529.34 170.10 Td (In ) Tj ET Q q 0 0 0 rg BT 540.00 170.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.35 158.10 Td (started ) Tj ET Q q 0 0 0 rg BT 92.20 158.10 Td (moving ) Tj ET Q q 0 0 0 rg BT 124.94 158.10 Td (towards ) Tj ET Q q 0 0 0 rg BT 158.79 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 165.42 158.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 193.72 158.10 Td (cloud ) Tj ET Q q 0 0 0 rg BT 218.13 158.10 Td (architecture ) Tj ET Q q 0 0 0 rg BT 267.50 158.10 Td (that ) Tj ET Q q 0 0 0 rg BT 284.69 158.10 Td (leverages ) Tj ET Q q 0 0 0 rg BT 324.63 158.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.15 158.10 Td (own ) Tj ET Q q 0 0 0 rg BT 359.56 158.10 Td (data ) Tj ET Q q 0 0 0 rg BT 378.41 158.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 408.91 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 419.43 158.10 Td (well ) Tj ET Q q 0 0 0 rg BT 438.84 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 449.36 158.10 Td (an ) Tj ET Q q 0 0 0 rg BT 460.99 158.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 517.04 158.10 Td (as ) Tj ET Q q 0 0 0 rg BT 527.56 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.19 158.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 88.92 146.10 Td (commonly ) Tj ET Q q 0 0 0 rg BT 134.19 146.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 168.31 146.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.58 146.10 Td (as ) Tj ET Q q 0 0 0 rg BT 189.40 146.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.33 146.10 Td (public ) Tj ET Q q 0 0 0 rg BT 228.25 146.10 Td (cloud. ) Tj ET Q q 0 0 0 rg BT 259.90 146.10 Td (Moving ) Tj ET Q q 0 0 0 rg BT 294.06 146.10 Td (towards ) Tj ET Q q 0 0 0 rg BT 328.21 146.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.14 146.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 363.74 146.10 Td (cloud ) Tj ET Q q 0 0 0 rg BT 388.45 146.10 Td (architecture ) Tj ET Q q 0 0 0 rg BT 438.12 146.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 475.05 146.10 Td (us ) Tj ET Q q 0 0 0 rg BT 486.43 146.10 Td (with ) Tj ET Q q 0 0 0 rg BT 506.70 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.41 146.10 Td (scalability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.31 134.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 92.21 134.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.57 134.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 146.03 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.50 134.10 Td (application ) Tj ET Q q 0 0 0 rg BT 210.96 134.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 248.69 134.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.05 134.10 Td (well ) Tj ET Q q 0 0 0 rg BT 280.30 134.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.66 134.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 327.44 134.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 375.46 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.92 134.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 412.06 134.10 Td (ef) Tj ET Q q 0 0 0 rg BT 419.65 134.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 460.99 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.79 134.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 502.59 134.10 Td (on ) Tj ET Q q 0 0 0 rg BT 515.62 134.10 Td (our ) Tj ET Q q 0 0 0 rg BT 531.97 134.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (roadmap ) Tj ET Q q 0 0 0 rg BT 86.99 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.92 122.10 Td (service ) Tj ET Q q 0 0 0 rg BT 134.74 122.10 Td (quality) Tj ET Q q 0 0 0 rg BT 161.86 122.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 105.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.41 105.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 118.88 105.10 Td (cloud ) Tj ET Q q 0 0 0 rg BT 143.45 105.10 Td (architecture ) Tj ET Q q 0 0 0 rg BT 193.00 105.10 Td (hosts ) Tj ET Q q 0 0 0 rg BT 215.93 105.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 266.33 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.91 105.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 302.15 105.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 322.28 105.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 359.63 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.43 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.01 105.10 Td (other ) Tj ET Q q 0 0 0 rg BT 413.92 105.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 461.83 105.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 500.31 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.10 105.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 554.17 105.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.55 93.10 Td (event ) Tj ET Q q 0 0 0 rg BT 87.04 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.20 93.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.47 93.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 141.96 93.10 Td (site ) Tj ET Q q 0 0 0 rg BT 157.68 93.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 188.11 93.10 Td (such ) Tj ET Q q 0 0 0 rg BT 208.27 93.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.43 93.10 Td (may ) Tj ET Q q 0 0 0 rg BT 237.48 93.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 261.52 93.10 Td (during ) Tj ET Q q 0 0 0 rg BT 289.47 93.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.74 93.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 330.33 93.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 359.93 93.10 Td (disaster) Tj ET Q q 0 0 0 rg BT 390.08 93.10 Td (, ) Tj ET Q q 0 0 0 rg BT 394.41 93.10 Td (all ) Tj ET Q q 0 0 0 rg BT 406.24 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.40 93.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.45 93.10 Td (services ) Tj ET Q q 0 0 0 rg BT 464.50 93.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.11 93.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.38 93.10 Td (site ) Tj ET Q q 0 0 0 rg BT 496.10 93.10 Td (can ) Tj ET Q q 0 0 0 rg BT 511.81 93.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.08 93.10 Td (recovered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 81.10 Td (other ) Tj ET Q q 0 0 0 rg BT 97.54 81.10 Td (data ) Tj ET Q q 0 0 0 rg BT 116.70 81.10 Td (center ) Tj ET Q q 0 0 0 rg BT 143.62 81.10 Td (or ) Tj ET Q q 0 0 0 rg BT 154.45 81.10 Td (public ) Tj ET Q q 0 0 0 rg BT 181.95 81.10 Td (cloud ) Tj ET Q q 0 0 0 rg BT 206.66 81.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 243.60 81.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.43 81.10 Td (part ) Tj ET Q q 0 0 0 rg BT 272.47 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 81.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.13 81.10 Td (disaster ) Tj ET Q q 0 0 0 rg BT 332.18 81.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 369.66 81.10 Td (plan.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.56 740.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 108.79 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 123.18 740.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 160.33 740.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 213.61 740.10 Td (all ) Tj ET Q q 0 0 0 rg BT 226.34 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.40 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.34 740.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 278.40 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.46 740.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 331.07 740.10 Td (Returns, ) Tj ET Q q 0 0 0 rg BT 367.41 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 394.58 740.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 430.62 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.79 740.10 Td (data ) Tj ET Q q 0 0 0 rg BT 457.17 740.10 Td (center ) Tj ET Q q 0 0 0 rg BT 484.33 740.10 Td (hosted ) Tj ET Q q 0 0 0 rg BT 513.16 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 525.89 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.06 740.10 Td (leading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (SOC ) Tj ET Q q 0 0 0 rg BT 71.04 728.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 78.13 728.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 113.53 728.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 149.50 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.36 728.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 172.29 728.10 Td (Louis, ) Tj ET Q q 0 0 0 rg BT 199.66 728.10 Td (Missouri. ) Tj ET Q q 0 0 0 rg BT 239.81 728.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 277.49 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.07 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 297.49 728.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 345.13 728.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 369.45 728.10 Td (application ) Tj ET Q q 0 0 0 rg BT 415.97 728.10 Td (runs ) Tj ET Q q 0 0 0 rg BT 435.28 728.10 Td (out ) Tj ET Q q 0 0 0 rg BT 450.14 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.56 728.10 Td (this ) Tj ET Q q 0 0 0 rg BT 477.10 728.10 Td (site. ) Tj ET Q q 0 0 0 rg BT 495.58 728.10 Td (During ) Tj ET Q q 0 0 0 rg BT 526.00 728.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 548.08 728.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 75.71 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 83.86 716.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 130.34 716.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 177.93 716.10 Td (was ) Tj ET Q q 0 0 0 rg BT 197.19 716.10 Td (made ) Tj ET Q q 0 0 0 rg BT 222.55 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.04 716.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 269.95 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.88 716.10 Td (data ) Tj ET Q q 0 0 0 rg BT 306.24 716.10 Td (center ) Tj ET Q q 0 0 0 rg BT 334.38 716.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 391.95 716.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 425.65 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 439.35 716.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 481.94 716.10 Td (Returns. ) Tj ET Q q 0 0 0 rg BT 518.99 716.10 Td (This ) Tj ET Q q 0 0 0 rg BT 540.47 716.10 Td (ef) Tj ET Q q 0 0 0 rg BT 548.06 716.10 Td (fort ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 102.34 704.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 142.95 704.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 173.56 704.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 209.72 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.01 704.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 280.38 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.01 704.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 313.30 704.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 349.48 704.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 383.98 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 398.49 704.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 440.22 704.10 Td (Returns) Tj ET Q q 0 0 0 rg BT 473.92 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.77 704.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 514.33 704.10 Td (In ) Tj ET Q q 0 0 0 rg BT 525.51 704.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 550.86 704.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 69.31 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.68 692.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 116.70 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.07 692.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 153.55 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.92 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.73 692.10 Td (data ) Tj ET Q q 0 0 0 rg BT 197.98 692.10 Td (center ) Tj ET Q q 0 0 0 rg BT 224.99 692.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 281.45 692.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 326.82 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.74 692.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 390.88 692.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 415.70 692.10 Td (application ) Tj ET Q q 0 0 0 rg BT 462.72 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.75 692.10 Td (also ) Tj ET Q q 0 0 0 rg BT 498.45 692.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 529.92 692.10 Td (this ) Tj ET Q q 0 0 0 rg BT 546.96 692.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 680.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 85.05 680.10 Td (cloud ) Tj ET Q q 0 0 0 rg BT 109.76 680.10 Td (infrastructure.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 654.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 87.89 654.10 Td (Security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 637.10 Td (All ) Tj ET Q q 0 0 0 rg BT 88.45 637.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 126.62 637.10 Td (data ) Tj ET Q q 0 0 0 rg BT 146.45 637.10 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 194.61 637.10 Td (over ) Tj ET Q q 0 0 0 rg BT 215.56 637.10 Td (public ) Tj ET Q q 0 0 0 rg BT 243.73 637.10 Td (networks ) Tj ET Q q 0 0 0 rg BT 283.56 637.10 Td (is ) Tj ET Q q 0 0 0 rg BT 293.40 637.10 Td (encrypted ) Tj ET Q q 0 0 0 rg BT 336.00 637.10 Td (using ) Tj ET Q q 0 0 0 rg BT 360.84 637.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 396.80 637.10 Td (standardencryption ) Tj ET Q q 0 0 0 rg BT 479.11 637.10 Td (protocols ) Tj ET Q q 0 0 0 rg BT 519.50 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.45 637.10 Td (order ) Tj ET Q q 0 0 0 rg BT 554.73 637.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 80.19 625.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 118.11 625.10 Td (data ) Tj ET Q q 0 0 0 rg BT 137.69 625.10 Td (against ) Tj ET Q q 0 0 0 rg BT 168.93 625.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 214.62 625.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 258.09 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.79 625.10 Td (transit. ) Tj ET Q q 0 0 0 rg BT 299.21 625.10 Td (Servers ) Tj ET Q q 0 0 0 rg BT 332.13 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.49 625.10 Td (network ) Tj ET Q q 0 0 0 rg BT 385.18 625.10 Td (components ) Tj ET Q q 0 0 0 rg BT 436.43 625.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.56 625.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 485.02 625.10 Td (with ) Tj ET Q q 0 0 0 rg BT 505.73 625.10 Td (access ) Tj ET Q q 0 0 0 rg BT 534.19 625.10 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 101.46 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.43 613.10 Td (protected ) Tj ET Q q 0 0 0 rg BT 158.16 613.10 Td (by ) Tj ET Q q 0 0 0 rg BT 170.69 613.10 Td (hardened ) Tj ET Q q 0 0 0 rg BT 209.86 613.10 Td (firewalls, ) Tj ET Q q 0 0 0 rg BT 249.88 613.10 Td (virus ) Tj ET Q q 0 0 0 rg BT 272.40 613.10 Td (protection, ) Tj ET Q q 0 0 0 rg BT 317.97 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.94 613.10 Td (intrusion ) Tj ET Q q 0 0 0 rg BT 373.03 613.10 Td (prevention/detection ) Tj ET Q q 0 0 0 rg BT 457.75 613.10 Td (systems. ) Tj ET Q q 0 0 0 rg BT 494.44 613.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 530.30 613.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.45 601.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 88.42 601.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.14 601.10 Td (monitored ) Tj ET Q q 0 0 0 rg BT 146.76 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.71 601.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 197.88 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.17 601.10 Td (order ) Tj ET Q q 0 0 0 rg BT 231.79 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.08 601.10 Td (address ) Tj ET Q q 0 0 0 rg BT 274.58 601.10 Td (emer) Tj ET Q q 0 0 0 rg BT 294.39 601.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 314.68 601.10 Td (vulnerabilities. ) Tj ET Q q 0 0 0 rg BT 376.90 601.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 399.96 601.10 Td (with ) Tj ET Q q 0 0 0 rg BT 420.26 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.10 601.10 Td (current ) Tj ET Q q 0 0 0 rg BT 466.93 601.10 Td (security ) Tj ET Q q 0 0 0 rg BT 501.10 601.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 548.06 601.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (detection ) Tj ET Q q 0 0 0 rg BT 88.63 589.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 125.28 589.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.43 589.10 Td (cannotguarantee ) Tj ET Q q 0 0 0 rg BT 209.93 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 227.40 589.10 Td (our ) Tj ET Q q 0 0 0 rg BT 243.21 589.10 Td (security ) Tj ET Q q 0 0 0 rg BT 277.35 589.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 317.04 589.10 Td (will ) Tj ET Q q 0 0 0 rg BT 335.08 589.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 367.55 589.10 Td (security ) Tj ET Q q 0 0 0 rg BT 401.68 589.10 Td (breaches. ) Tj ET Q q 0 0 0 rg BT 441.46 589.10 Td (W) Tj ET Q q 0 0 0 rg BT 450.10 589.10 Td (e ) Tj ET Q q 0 0 0 rg BT 457.02 589.10 Td (are ) Tj ET Q q 0 0 0 rg BT 471.71 589.10 Td (committing ) Tj ET Q q 0 0 0 rg BT 520.30 589.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 89.53 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.58 577.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 129.61 577.10 Td (against ) Tj ET Q q 0 0 0 rg BT 160.21 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.92 577.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 209.17 577.10 Td (any ) Tj ET Q q 0 0 0 rg BT 225.88 577.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 263.14 577.10 Td (security ) Tj ET Q q 0 0 0 rg BT 297.07 577.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 334.31 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.02 577.10 Td (their ) Tj ET Q q 0 0 0 rg BT 371.62 577.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 428.87 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.57 577.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 472.84 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.89 577.10 Td (keep ) Tj ET Q q 0 0 0 rg BT 504.04 577.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 529.08 577.10 Td (so ) Tj ET Q q 0 0 0 rg BT 540.25 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 577.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 77.63 565.10 Td (New ) Tj ET Q q 0 0 0 rg BT 98.26 565.10 Td (threats ) Tj ET Q q 0 0 0 rg BT 126.67 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.86 565.10 Td (vulnerabilities ) Tj ET Q q 0 0 0 rg BT 201.82 565.10 Td (are ) Tj ET Q q 0 0 0 rg BT 215.78 565.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 255.85 565.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 298.70 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.89 565.10 Td (there ) Tj ET Q q 0 0 0 rg BT 336.62 565.10 Td (are ) Tj ET Q q 0 0 0 rg BT 350.58 565.10 Td (often ) Tj ET Q q 0 0 0 rg BT 372.88 565.10 Td (time ) Tj ET Q q 0 0 0 rg BT 392.41 565.10 Td (lags ) Tj ET Q q 0 0 0 rg BT 410.27 565.10 Td (before ) Tj ET Q q 0 0 0 rg BT 437.56 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.64 565.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 486.05 565.10 Td (deploy ) Tj ET Q q 0 0 0 rg BT 515.02 565.10 Td (mitigations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.99 553.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 86.65 553.10 Td (we ) Tj ET Q q 0 0 0 rg BT 101.46 553.10 Td (made ) Tj ET Q q 0 0 0 rg BT 126.28 553.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 172.21 553.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 219.25 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.19 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.67 553.10 Td (network ) Tj ET Q q 0 0 0 rg BT 282.60 553.10 Td (security ) Tj ET Q q 0 0 0 rg BT 317.42 553.10 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 376.94 553.10 Td (including ) Tj ET Q q 0 0 0 rg BT 417.87 553.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 462.12 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.72 553.10 Td (third ) Tj ET Q q 0 0 0 rg BT 501.76 553.10 Td (party ) Tj ET Q q 0 0 0 rg BT 525.47 553.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 548.07 553.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (systems. ) Tj ET Q q 0 0 0 rg BT 86.31 541.10 Td (In ) Tj ET Q q 0 0 0 rg BT 97.29 541.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 119.93 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.01 541.10 Td (beyond, ) Tj ET Q q 0 0 0 rg BT 171.59 541.10 Td (we ) Tj ET Q q 0 0 0 rg BT 185.90 541.10 Td (will ) Tj ET Q q 0 0 0 rg BT 204.10 541.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 241.17 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.59 541.10 Td (make ) Tj ET Q q 0 0 0 rg BT 275.89 541.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 321.31 541.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 371.72 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.15 541.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.12 541.10 Td (network ) Tj ET Q q 0 0 0 rg BT 433.53 541.10 Td (security ) Tj ET Q q 0 0 0 rg BT 467.83 541.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 524.33 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.76 541.10 Td (protect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 529.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 125.03 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.97 529.10 Td (integrity ) Tj ET Q q 0 0 0 rg BT 178.35 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.18 529.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.01 529.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 244.17 529.10 Td (data. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 78.75 503.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 91.25 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.87 503.10 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 486.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 486.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.40 486.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 115.88 486.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 160.48 486.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 200.06 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.66 486.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 244.24 486.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.28 486.10 Td (features ) Tj ET Q q 0 0 0 rg BT 291.75 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.01 486.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 360.93 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.09 486.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.24 486.10 Td (of) Tj ET Q q 0 0 0 rg BT 394.39 486.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 423.98 486.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.14 486.10 Td (well ) Tj ET Q q 0 0 0 rg BT 453.18 486.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.33 486.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 509.59 486.10 Td (new ) Tj ET Q q 0 0 0 rg BT 528.07 486.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.49 474.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 105.49 474.10 Td (W) Tj ET Q q 0 0 0 rg BT 114.13 474.10 Td (e ) Tj ET Q q 0 0 0 rg BT 122.12 474.10 Td (are ) Tj ET Q q 0 0 0 rg BT 137.88 474.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 185.87 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.64 474.10 Td (next ) Tj ET Q q 0 0 0 rg BT 222.40 474.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 268.16 474.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 317.26 474.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 357.74 474.10 Td (known ) Tj ET Q q 0 0 0 rg BT 388.52 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 400.40 474.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 449.50 474.10 Td (NG, ) Tj ET Q q 0 0 0 rg BT 470.00 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 481.88 474.10 Td (well ) Tj ET Q q 0 0 0 rg BT 502.65 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 514.53 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.30 474.10 Td (recently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 95.44 462.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 143.61 462.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 179.56 462.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 218.30 462.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.92 462.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 272.40 462.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.36 462.10 Td (new ) Tj ET Q q 0 0 0 rg BT 307.06 462.10 Td (APIs ) Tj ET Q q 0 0 0 rg BT 329.69 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.75 462.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 383.81 462.10 Td (capabilities. ) Tj ET Q q 0 0 0 rg BT 434.28 462.10 Td (These ) Tj ET Q q 0 0 0 rg BT 460.78 462.10 Td (new ) Tj ET Q q 0 0 0 rg BT 480.06 462.10 Td (products ) Tj ET Q q 0 0 0 rg BT 517.13 462.10 Td (include ) Tj ET Q q 0 0 0 rg BT 549.18 462.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 96.93 450.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 139.92 450.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 175.13 450.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 209.24 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.90 450.10 Td (better ) Tj ET Q q 0 0 0 rg BT 243.55 450.10 Td (equip ) Tj ET Q q 0 0 0 rg BT 267.65 450.10 Td (our ) Tj ET Q q 0 0 0 rg BT 282.87 450.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 325.30 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.96 450.10 Td (deploy ) Tj ET Q q 0 0 0 rg BT 364.06 450.10 Td (customized ) Tj ET Q q 0 0 0 rg BT 411.49 450.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 447.94 450.10 Td (-facing ) Tj ET Q q 0 0 0 rg BT 478.13 450.10 Td (websites, ) Tj ET Q q 0 0 0 rg BT 516.96 450.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 71.82 438.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 108.57 438.10 Td (which ) Tj ET Q q 0 0 0 rg BT 136.43 438.10 Td (helps ) Tj ET Q q 0 0 0 rg BT 160.96 438.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.72 438.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 221.69 438.10 Td (better ) Tj ET Q q 0 0 0 rg BT 247.88 438.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 282.40 438.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 328.59 438.10 Td (originations ) Tj ET Q q 0 0 0 rg BT 379.79 438.10 Td (with ) Tj ET Q q 0 0 0 rg BT 400.99 438.10 Td (their ) Tj ET Q q 0 0 0 rg BT 422.74 438.10 Td (partners, ) Tj ET Q q 0 0 0 rg BT 460.87 438.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 509.85 438.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 533.82 438.10 Td (Of) Tj ET Q q 0 0 0 rg BT 544.19 438.10 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 84.83 426.10 Td (which ) Tj ET Q q 0 0 0 rg BT 111.28 426.10 Td (exposes ) Tj ET Q q 0 0 0 rg BT 144.94 426.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.39 426.10 Td (rich ) Tj ET Q q 0 0 0 rg BT 168.94 426.10 Td (set ) Tj ET Q q 0 0 0 rg BT 182.06 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.40 426.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 211.62 426.10 Td (of) Tj ET Q q 0 0 0 rg BT 219.77 426.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 237.88 426.10 Td (-facing ) Tj ET Q q 0 0 0 rg BT 268.21 426.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 321.31 426.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.32 426.10 Td (mobile ) Tj ET Q q 0 0 0 rg BT 363.10 426.10 Td (devices ) Tj ET Q q 0 0 0 rg BT 395.09 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.54 426.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 459.09 426.10 Td (Developer ) Tj ET Q q 0 0 0 rg BT 502.74 426.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 538.07 426.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 86.44 414.10 Td (developers ) Tj ET Q q 0 0 0 rg BT 132.25 414.10 Td (with ) Tj ET Q q 0 0 0 rg BT 151.98 414.10 Td (APIs, ) Tj ET Q q 0 0 0 rg BT 176.99 414.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 198.93 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.87 414.10 Td (developer ) Tj ET Q q 0 0 0 rg BT 257.80 414.10 Td (portal.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (Intellectual ) Tj ET Q q 0 0 0 rg BT 100.33 388.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 110.69 388.10 Td (operty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 371.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.50 371.10 Td (success ) Tj ET Q q 0 0 0 rg BT 120.94 371.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 155.16 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.39 371.10 Td (lar) Tj ET Q q 0 0 0 rg BT 174.76 371.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 185.64 371.10 Td (part ) Tj ET Q q 0 0 0 rg BT 202.64 371.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.09 371.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.87 371.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 274.75 371.10 Td (products ) Tj ET Q q 0 0 0 rg BT 310.63 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.52 371.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 372.41 371.10 Td (for ) Tj ET Q q 0 0 0 rg BT 385.52 371.10 Td (which ) Tj ET Q q 0 0 0 rg BT 411.41 371.10 Td (we ) Tj ET Q q 0 0 0 rg BT 424.52 371.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 443.74 371.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 485.73 371.10 Td (from ) Tj ET Q q 0 0 0 rg BT 506.62 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.50 371.10 Td (combination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.15 359.10 Td (patent, ) Tj ET Q q 0 0 0 rg BT 91.41 359.10 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 135.55 359.10 Td (trademark, ) Tj ET Q q 0 0 0 rg BT 181.91 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.67 359.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 222.98 359.10 Td (secret ) Tj ET Q q 0 0 0 rg BT 249.61 359.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 271.26 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.02 359.10 Td (other ) Tj ET Q q 0 0 0 rg BT 312.89 359.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 361.75 359.10 Td (with ) Tj ET Q q 0 0 0 rg BT 382.85 359.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 428.93 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.69 359.10 Td (third ) Tj ET Q q 0 0 0 rg BT 468.90 359.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 501.14 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.78 359.10 Td (e ) Tj ET Q q 0 0 0 rg BT 517.54 359.10 Td (require ) Tj ET Q q 0 0 0 rg BT 549.17 359.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 347.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 86.17 347.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 135.24 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.48 347.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 202.29 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.88 347.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 237.67 347.10 Td (into ) Tj ET Q q 0 0 0 rg BT 257.03 347.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 294.72 347.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 344.06 347.10 Td (containing ) Tj ET Q q 0 0 0 rg BT 390.08 347.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 435.56 347.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 476.02 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.05 347.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 554.17 347.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 95.19 335.10 Td (information ) Tj ET Q q 0 0 0 rg BT 143.67 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.38 335.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 205.65 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.70 335.10 Td (us ) Tj ET Q q 0 0 0 rg BT 224.86 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.46 335.10 Td (all ) Tj ET Q q 0 0 0 rg BT 245.72 335.10 Td (inventions ) Tj ET Q q 0 0 0 rg BT 288.66 335.10 Td (made ) Tj ET Q q 0 0 0 rg BT 311.58 335.10 Td (during ) Tj ET Q q 0 0 0 rg BT 338.96 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.44 335.10 Td (course ) Tj ET Q q 0 0 0 rg BT 379.81 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.41 335.10 Td (their ) Tj ET Q q 0 0 0 rg BT 409.01 335.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 460.27 335.10 Td (or ) Tj ET Q q 0 0 0 rg BT 469.87 335.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 512.80 335.10 Td (relationship. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 323.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.01 323.10 Td (also ) Tj ET Q q 0 0 0 rg BT 85.55 323.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 108.98 323.10 Td (into ) Tj ET Q q 0 0 0 rg BT 127.97 323.10 Td (nondisclosure ) Tj ET Q q 0 0 0 rg BT 186.95 323.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 235.92 323.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.13 323.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.89 323.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 324.53 323.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 384.60 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.48 323.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 424.80 323.10 Td (access ) Tj ET Q q 0 0 0 rg BT 453.77 323.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 467.49 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.36 323.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 534.91 323.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 549.18 323.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 99.76 311.10 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 294.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 294.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.07 294.10 Td (are ) Tj ET Q q 0 0 0 rg BT 102.77 294.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 148.03 294.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.30 294.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 205.22 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.15 294.10 Td (protecting ) Tj ET Q q 0 0 0 rg BT 265.19 294.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.01 294.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 327.92 294.10 Td (property ) Tj ET Q q 0 0 0 rg BT 364.29 294.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 383.72 294.10 Td (where ) Tj ET Q q 0 0 0 rg BT 410.64 294.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 461.17 294.10 Td (file ) Tj ET Q q 0 0 0 rg BT 476.98 294.10 Td (patent ) Tj ET Q q 0 0 0 rg BT 503.91 294.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 554.72 294.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 80.50 282.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.06 282.10 Td (technology) Tj ET Q q 0 0 0 rg BT 140.85 282.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.58 282.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 165.37 282.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 200.27 282.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 231.83 282.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 260.05 282.10 Td (between ) Tj ET Q q 0 0 0 rg BT 296.60 282.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 319.83 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.51 282.10 Td (2035. ) Tj ET Q q 0 0 0 rg BT 363.24 282.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 382.03 282.10 Td (present ) Tj ET Q q 0 0 0 rg BT 414.14 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.81 282.10 Td (future ) Tj ET Q q 0 0 0 rg BT 458.93 282.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 490.49 282.10 Td (may ) Tj ET Q q 0 0 0 rg BT 510.94 282.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 544.72 282.10 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 79.75 270.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 122.22 270.10 Td (for ) Tj ET Q q 0 0 0 rg BT 135.80 270.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.05 270.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 197.41 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.77 270.10 Td (may ) Tj ET Q q 0 0 0 rg BT 232.91 270.10 Td (not ) Tj ET Q q 0 0 0 rg BT 247.61 270.10 Td (be ) Tj ET Q q 0 0 0 rg BT 258.97 270.10 Td (suf) Tj ET Q q 0 0 0 rg BT 271.01 270.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 298.48 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.18 270.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 340.65 270.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 389.78 270.10 Td (advantages ) Tj ET Q q 0 0 0 rg BT 436.13 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.83 270.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 459.00 270.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 483.14 270.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 511.72 270.10 Td (may ) Tj ET Q q 0 0 0 rg BT 530.86 270.10 Td (infringe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.30 258.10 Td (misappropriate ) Tj ET Q q 0 0 0 rg BT 120.76 258.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.56 258.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 181.46 258.10 Td (rights. ) Tj ET Q q 0 0 0 rg BT 208.22 258.10 Td (Competitors ) Tj ET Q q 0 0 0 rg BT 259.13 258.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.83 258.10 Td (also ) Tj ET Q q 0 0 0 rg BT 295.41 258.10 Td (independently ) Tj ET Q q 0 0 0 rg BT 353.53 258.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 386.66 258.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 438.68 258.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.15 258.10 Td (are ) Tj ET Q q 0 0 0 rg BT 468.83 258.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 520.86 258.10 Td (equivalent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 246.10 Td (superior ) Tj ET Q q 0 0 0 rg BT 95.60 246.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.88 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.59 246.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 167.53 246.10 Td (we ) Tj ET Q q 0 0 0 rg BT 181.69 246.10 Td (of) Tj ET Q q 0 0 0 rg BT 189.84 246.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 203.44 246.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.71 246.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.54 246.10 Td (products ) Tj ET Q q 0 0 0 rg BT 266.48 246.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.42 246.10 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 229.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 229.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.75 229.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 107.70 229.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.31 229.10 Td (number ) Tj ET Q q 0 0 0 rg BT 147.03 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.53 229.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 199.13 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.74 229.10 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 267.33 229.10 Td (trademarks, ) Tj ET Q q 0 0 0 rg BT 316.43 229.10 Td (service ) Tj ET Q q 0 0 0 rg BT 346.91 229.10 Td (names ) Tj ET Q q 0 0 0 rg BT 374.63 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.24 229.10 Td (domain ) Tj ET Q q 0 0 0 rg BT 423.41 229.10 Td (names ) Tj ET Q q 0 0 0 rg BT 451.13 229.10 Td (that ) Tj ET Q q 0 0 0 rg BT 468.30 229.10 Td (are ) Tj ET Q q 0 0 0 rg BT 482.67 229.10 Td (used ) Tj ET Q q 0 0 0 rg BT 503.18 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.13 229.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.63 229.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 217.10 Td (United ) Tj ET Q q 0 0 0 rg BT 104.21 217.10 Td (States.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 174.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.79 174.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 131.30 174.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 177.93 174.10 Td (software ) Tj ET Q q 0 0 0 rg BT 215.11 174.10 Td (market ) Tj ET Q q 0 0 0 rg BT 245.62 174.10 Td (is ) Tj ET Q q 0 0 0 rg BT 255.03 174.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 283.34 174.10 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 335.59 174.10 Td (There ) Tj ET Q q 0 0 0 rg BT 361.65 174.10 Td (are ) Tj ET Q q 0 0 0 rg BT 376.61 174.10 Td (many ) Tj ET Q q 0 0 0 rg BT 401.57 174.10 Td (software ) Tj ET Q q 0 0 0 rg BT 438.75 174.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 479.26 174.10 Td (catering ) Tj ET Q q 0 0 0 rg BT 514.21 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.74 174.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.10 Td (brokerages ) Tj ET Q q 0 0 0 rg BT 97.74 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 162.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 158.70 162.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 194.46 162.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 214.39 162.10 Td (current ) Tj ET Q q 0 0 0 rg BT 247.08 162.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 287.00 162.10 Td (software ) Tj ET Q q 0 0 0 rg BT 325.80 162.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 377.39 162.10 Td (include: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.98 162.10 Td (Byte ) Tj ET Q q 0 0 0 rg BT 437.25 162.10 Td (Software ) Tj ET Q q 0 0 0 rg BT 477.72 162.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 499.87 162.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.68 162.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 554.17 162.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.10 Td (CBCInnovis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.51 150.10 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.72 150.10 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 130.86 150.10 Td (T) Tj ET Q q 0 0 0 rg BT 136.27 150.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 177.28 150.10 Td (, ) Tj ET Q q 0 0 0 rg BT 182.21 150.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.48 150.10 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.69 150.10 Td (DH ) Tj ET Q q 0 0 0 rg BT 219.56 150.10 Td (Corporation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.89 150.10 Td (; ) Tj ET Q q 0 0 0 rg BT 273.10 150.10 Td (LendingQB, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.25 150.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 366.56 150.10 Td (Builder ) Tj ET Q q 0 0 0 rg BT 398.98 150.10 Td (Software, ) Tj ET Q q 0 0 0 rg BT 440.01 150.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 460.21 150.10 Td (a ) Tj ET Q q 0 0 0 rg BT 467.08 150.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 510.62 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 150.10 Td (Altisource ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.10 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 87.79 138.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 128.32 138.10 Td (SA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.10 138.10 Td (; ) Tj ET Q q 0 0 0 rg BT 146.61 138.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 188.23 138.10 Td (Cadence, ) Tj ET Q q 0 0 0 rg BT 227.89 138.10 Td (which ) Tj ET Q q 0 0 0 rg BT 255.06 138.10 Td (is ) Tj ET Q q 0 0 0 rg BT 264.47 138.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 293.86 138.10 Td (by ) Tj ET Q q 0 0 0 rg BT 305.99 138.10 Td (Accenture ) Tj ET Q q 0 0 0 rg BT 349.81 138.10 Td (PLC; ) Tj ET Q q 0 0 0 rg BT 373.47 138.10 Td (W) Tj ET Q q 0 0 0 rg BT 382.51 138.10 Td (ipro ) Tj ET Q q 0 0 0 rg BT 401.35 138.10 Td (Gallagher ) Tj ET Q q 0 0 0 rg BT 443.51 138.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 486.54 138.10 Td (which ) Tj ET Q q 0 0 0 rg BT 513.71 138.10 Td (is ) Tj ET Q q 0 0 0 rg BT 523.12 138.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 552.51 138.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.54 126.10 Td (ipro, ) Tj ET Q q 0 0 0 rg BT 79.12 126.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 97.49 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.90 126.10 Td (LoanSphere ) Tj ET Q q 0 0 0 rg BT 164.19 126.10 Td (Empower ) Tj ET Q q 0 0 0 rg BT 205.05 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.46 126.10 Td (LoanSphere ) Tj ET Q q 0 0 0 rg BT 271.75 126.10 Td (LendingSpace, ) Tj ET Q q 0 0 0 rg BT 333.43 126.10 Td (which ) Tj ET Q q 0 0 0 rg BT 359.85 126.10 Td (are ) Tj ET Q q 0 0 0 rg BT 374.03 126.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 402.67 126.10 Td (by ) Tj ET Q q 0 0 0 rg BT 414.64 126.10 Td (Black ) Tj ET Q q 0 0 0 rg BT 439.95 126.10 Td (Knight ) Tj ET Q q 0 0 0 rg BT 469.70 126.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 508.89 126.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 547.24 126.10 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 75.87 114.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.80 114.10 Td (these ) Tj ET Q q 0 0 0 rg BT 111.94 114.10 Td (software ) Tj ET Q q 0 0 0 rg BT 149.96 114.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 193.83 114.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.20 114.10 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 262.42 114.10 Td (T) Tj ET Q q 0 0 0 rg BT 267.83 114.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 308.83 114.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.93 114.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.20 114.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.79 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.83 114.10 Td (Black ) Tj ET Q q 0 0 0 rg BT 378.75 114.10 Td (Knight ) Tj ET Q q 0 0 0 rg BT 410.12 114.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 450.93 114.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 490.90 114.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 512.26 114.10 Td (also ) Tj ET Q q 0 0 0 rg BT 531.97 114.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.10 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 101.43 102.10 Td (between ) Tj ET Q q 0 0 0 rg BT 137.24 102.10 Td (their ) Tj ET Q q 0 0 0 rg BT 158.07 102.10 Td (software ) Tj ET Q q 0 0 0 rg BT 195.00 102.10 Td (users ) Tj ET Q q 0 0 0 rg BT 218.05 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.99 102.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 266.37 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.30 102.10 Td (service ) Tj ET Q q 0 0 0 rg BT 314.12 102.10 Td (providers.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (13) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.00 740.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 103.94 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 123.67 740.10 Td (Softwar) Tj ET Q q 0 0 0 rg BT 154.42 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 161.36 740.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 170.98 740.10 Td (oviders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 723.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 723.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 124.45 723.10 Td (against ) Tj ET Q q 0 0 0 rg BT 155.27 723.10 Td (software ) Tj ET Q q 0 0 0 rg BT 192.20 723.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 232.47 723.10 Td (based ) Tj ET Q q 0 0 0 rg BT 257.74 723.10 Td (on ) Tj ET Q q 0 0 0 rg BT 270.24 723.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.07 723.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 314.12 723.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.40 723.10 Td (provide:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 112.38 706.10 Td (comprehensive, ) Tj ET Q q 0 0 0 rg BT 179.85 706.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 224.27 706.10 Td (software ) Tj ET Q q 0 0 0 rg BT 263.14 706.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 299.81 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.24 706.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 358.12 706.10 Td (all ) Tj ET Q q 0 0 0 rg BT 372.55 706.10 Td (business-critical ) Tj ET Q q 0 0 0 rg BT 441.98 706.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 483.63 706.10 Td (including ) Tj ET Q q 0 0 0 rg BT 525.85 706.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 694.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 153.82 694.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 174.97 694.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 224.17 694.10 Td (task ) Tj ET Q q 0 0 0 rg BT 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(reduce ) Tj ET Q q 0 0 0 rg BT 237.74 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.84 636.10 Td (need ) Tj ET Q q 0 0 0 rg BT 274.59 636.10 Td (for ) Tj ET Q q 0 0 0 rg BT 289.12 636.10 Td (IT) Tj ET Q q 0 0 0 rg BT 298.38 636.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.26 636.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 357.99 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.31 636.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 414.83 636.10 Td (while ) Tj ET Q q 0 0 0 rg BT 439.92 636.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 481.68 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.77 636.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 525.20 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.85 636.10 Td (update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 624.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 151.54 624.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.48 624.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 193.19 624.10 Td (new ) Tj ET Q q 0 0 0 rg BT 212.35 624.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 259.29 624.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.56 624.10 Td (a ) Tj ET Q q 0 0 0 rg BT 276.50 624.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 304.55 624.10 Td (manner; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 607.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 607.10 Td (customizable ) Tj ET Q q 0 0 0 rg BT 158.55 607.10 Td (business ) Tj ET Q q 0 0 0 rg BT 194.74 607.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 216.47 607.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.54 607.10 Td (automate ) Tj ET Q q 0 0 0 rg BT 265.48 607.10 Td (processes, ) Tj ET Q q 0 0 0 rg BT 308.59 607.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 344.21 607.10 Td (accountability) Tj ET Q q 0 0 0 rg BT 400.21 607.10 Td (, ) Tj ET Q q 0 0 0 rg BT 405.00 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.73 607.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 454.00 607.10 Td (business ) Tj ET Q q 0 0 0 rg BT 490.18 607.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 528.01 607.10 Td (that ) Tj ET Q q 0 0 0 rg BT 545.29 607.10 Td (help ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 595.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 130.99 595.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 150.71 595.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 180.98 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.92 595.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 241.51 595.10 Td (compliance;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 578.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.85 578.10 Td (database ) Tj ET Q q 0 0 0 rg BT 150.18 578.10 Td (architecture ) Tj ET Q q 0 0 0 rg BT 201.28 578.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 240.74 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.43 578.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 282.98 578.10 Td (data ) Tj ET Q q 0 0 0 rg BT 303.55 578.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 330.78 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.13 578.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 388.02 578.10 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 444.69 578.10 Td (among ) Tj ET Q q 0 0 0 rg BT 475.81 578.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 528.60 578.10 Td (within ) Tj ET Q q 0 0 0 rg BT 558.06 578.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 566.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 143.76 566.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 190.15 566.10 Td (company ) Tj ET Q q 0 0 0 rg BT 229.30 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.24 566.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 309.27 566.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 356.21 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.04 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.76 566.10 Td (business ) Tj ET Q q 0 0 0 rg BT 418.15 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.98 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.70 566.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 468.96 566.10 Td (enterprise;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 549.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 549.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 143.45 549.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 174.54 549.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 209.24 549.10 Td (such ) Tj ET Q q 0 0 0 rg BT 230.33 549.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.41 549.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 549.10 Td (Success ) Tj ET Q q 0 0 0 rg BT 291.92 549.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 319.11 549.10 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 549.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.75 549.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 381.00 549.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 418.76 549.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 462.06 549.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.59 549.10 Td (time ) Tj ET Q q 0 0 0 rg BT 493.12 549.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 534.21 549.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.74 549.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 537.10 Td (flow;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 520.10 Td (an ) Tj ET Q q 0 0 0 rg BT 115.77 520.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 158.57 520.10 Td (network ) Tj ET Q q 0 0 0 rg BT 194.17 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.77 520.10 Td (submit ) Tj ET Q q 0 0 0 rg BT 234.83 520.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 254.87 520.10 Td (files ) Tj ET Q q 0 0 0 rg BT 274.92 520.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 332.16 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.42 520.10 Td (securely ) Tj ET Q q 0 0 0 rg BT 385.57 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.17 520.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 427.88 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.14 520.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 502.38 520.10 Td (order ) Tj ET Q q 0 0 0 rg BT 526.31 520.10 Td (all ) Tj ET Q q 0 0 0 rg BT 539.13 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 520.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 508.10 Td (services ) Tj ET Q q 0 0 0 rg BT 138.21 508.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 179.57 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.85 508.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 227.89 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.83 508.10 Td (loan;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 491.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 491.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.44 491.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 145.17 491.10 Td (that ) Tj ET Q q 0 0 0 rg BT 162.66 491.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.83 491.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 199.87 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.81 491.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 258.19 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.90 491.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 333.72 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.55 491.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.38 491.10 Td (customers) Tj ET Q q 0 0 0 rg BT 403.51 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.01 491.10 Td (data; ) Tj ET Q q 0 0 0 rg BT 427.95 491.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 474.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.44 474.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 145.17 474.10 Td (that ) Tj ET Q q 0 0 0 rg BT 162.66 474.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.83 474.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 204.31 474.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.59 474.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 260.42 474.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 294.57 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.51 474.10 Td (unplanned ) Tj ET Q q 0 0 0 rg BT 355.67 474.10 Td (downtime.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 101.44 448.10 Td (with ) Tj ET Q q 0 0 0 rg BT 121.17 448.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 153.09 448.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 162.72 448.10 Td (oviders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 431.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.54 431.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 93.48 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.08 431.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 147.33 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.05 431.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.76 431.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 218.69 431.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 268.39 431.10 Td (Service, ) Tj ET Q q 0 0 0 rg BT 302.26 431.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 349.19 431.10 Td (CRM, ) Tj ET Q q 0 0 0 rg BT 375.31 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.82 431.10 Td (AllRegs, ) Tj ET Q q 0 0 0 rg BT 427.49 431.10 Td (we ) Tj ET Q q 0 0 0 rg BT 440.53 431.10 Td (only ) Tj ET Q q 0 0 0 rg BT 459.69 431.10 Td (of) Tj ET Q q 0 0 0 rg BT 467.84 431.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 480.32 431.10 Td (our ) Tj ET Q q 0 0 0 rg BT 495.04 431.10 Td (other ) Tj ET Q q 0 0 0 rg BT 516.97 431.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.10 Td (software ) Tj ET Q q 0 0 0 rg BT 87.10 419.10 Td (services ) Tj ET Q q 0 0 0 rg BT 122.47 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.42 419.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 182.13 419.10 Td (users. ) Tj ET Q q 0 0 0 rg BT 208.12 419.10 Td (There ) Tj ET Q q 0 0 0 rg BT 234.61 419.10 Td (are ) Tj ET Q q 0 0 0 rg BT 249.98 419.10 Td (many ) Tj ET Q q 0 0 0 rg BT 275.37 419.10 Td (other ) Tj ET Q q 0 0 0 rg BT 299.08 419.10 Td (service ) Tj ET Q q 0 0 0 rg BT 330.56 419.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 371.50 419.10 Td (that ) Tj ET Q q 0 0 0 rg BT 389.66 419.10 Td (also ) Tj ET Q q 0 0 0 rg BT 408.94 419.10 Td (of) Tj ET Q q 0 0 0 rg BT 417.09 419.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 431.36 419.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.85 419.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 496.57 419.10 Td (users ) Tj ET Q q 0 0 0 rg BT 520.29 419.10 Td (competing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.43 407.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 123.64 407.10 Td (including:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 390.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 91.02 390.10 Td (ower) Tj ET Q q 0 0 0 rg BT 110.82 390.10 Td (-facing ) Tj ET Q q 0 0 0 rg BT 141.65 390.10 Td (W) Tj ET Q q 0 0 0 rg BT 149.06 390.10 Td (ebsites) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 390.10 Td (.) Tj ET Q q 0 0 0 rg BT 181.10 390.10 Td (W) Tj ET Q q 0 0 0 rg BT 189.73 390.10 Td (e ) Tj ET Q q 0 0 0 rg BT 196.67 390.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 233.05 390.10 Td (against ) Tj ET Q q 0 0 0 rg BT 263.88 390.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 304.15 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.98 390.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 351.43 390.10 Td (-facing ) Tj ET Q q 0 0 0 rg BT 382.25 390.10 Td (websites ) Tj ET Q q 0 0 0 rg BT 419.19 390.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.35 390.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 473.62 390.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 521.95 390.10 Td (including: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (D+H ) Tj ET Q q 0 0 0 rg BT 72.08 378.10 Td (Corporation; ) Tj ET Q q 0 0 0 rg BT 125.69 378.10 Td (Blue ) Tj ET Q q 0 0 0 rg BT 147.07 378.10 Td (Igloo, ) Tj ET Q q 0 0 0 rg BT 173.18 378.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 190.95 378.10 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 211.22 378.10 Td (Roostify\), ) Tj ET Q q 0 0 0 rg BT 254.00 378.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.94 378.10 Td (new ) Tj ET Q q 0 0 0 rg BT 290.10 378.10 Td (entrants ) Tj ET Q q 0 0 0 rg BT 324.25 378.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.53 378.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.36 378.10 Td (space.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 361.10 Td (Document ) Tj ET Q q 0 0 0 rg BT 115.78 361.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 125.41 361.10 Td (eparation ) Tj ET Q q 0 0 0 rg BT 166.48 361.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.79 361.10 Td (.) Tj ET Q q 0 0 0 rg BT 204.61 361.10 Td (W) Tj ET Q q 0 0 0 rg BT 213.25 361.10 Td (e ) Tj ET Q q 0 0 0 rg BT 219.87 361.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 255.93 361.10 Td (against ) Tj ET Q q 0 0 0 rg BT 286.44 361.10 Td (document ) Tj ET Q q 0 0 0 rg BT 328.05 361.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 375.77 361.10 Td (service ) Tj ET Q q 0 0 0 rg BT 406.26 361.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 448.72 361.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 491.45 361.10 Td (DigitalDocs, ) Tj ET Q q 0 0 0 rg BT 544.46 361.10 Td (Inc.; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (DocMagic ) Tj ET Q q 0 0 0 rg BT 95.27 349.10 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 116.88 349.10 Td (LenderLive ) Tj ET Q q 0 0 0 rg BT 167.08 349.10 Td (Network, ) Tj ET Q q 0 0 0 rg BT 208.13 349.10 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 229.74 349.10 Td (MRG ) Tj ET Q q 0 0 0 rg BT 256.09 349.10 Td (Document ) Tj ET Q q 0 0 0 rg BT 301.05 349.10 Td (T) Tj ET Q q 0 0 0 rg BT 306.46 349.10 Td (echnologies; ) Tj ET Q q 0 0 0 rg BT 360.56 349.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 403.00 349.10 Td (Banking ) Tj ET Q q 0 0 0 rg BT 440.45 349.10 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 479.85 349.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 498.68 349.10 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 520.01 349.10 Td (ProClose\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 78.66 337.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.16 337.10 Td (LogicEase ) Tj ET Q q 0 0 0 rg BT 135.86 337.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 176.15 337.10 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 196.70 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.46 337.10 Td (W) Tj ET Q q 0 0 0 rg BT 222.09 337.10 Td (olters ) Tj ET Q q 0 0 0 rg BT 246.81 337.10 Td (Kluwer ) Tj ET Q q 0 0 0 rg BT 279.30 337.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 319.01 337.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 357.89 337.10 Td (Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 320.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 123.61 320.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.92 320.10 Td (.) Tj ET Q q 0 0 0 rg BT 161.74 320.10 Td (W) Tj ET Q q 0 0 0 rg BT 170.38 320.10 Td (e ) Tj ET Q q 0 0 0 rg BT 177.60 320.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 214.25 320.10 Td (against ) Tj ET Q q 0 0 0 rg BT 245.36 320.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 294.23 320.10 Td (software ) Tj ET Q q 0 0 0 rg BT 331.44 320.10 Td (service ) Tj ET Q q 0 0 0 rg BT 362.53 320.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 405.58 320.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 448.91 320.10 Td (Interthinx, ) Tj ET Q q 0 0 0 rg BT 493.63 320.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 514.18 320.10 Td (a ) Tj ET Q q 0 0 0 rg BT 521.40 320.10 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.87 308.10 Td (First ) Tj ET Q q 0 0 0 rg BT 81.58 308.10 Td (American ) Tj ET Q q 0 0 0 rg BT 124.05 308.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 164.31 308.10 Td (Corporation; ) Tj ET Q q 0 0 0 rg BT 218.45 308.10 Td (ComplianceEase, ) Tj ET Q q 0 0 0 rg BT 291.20 308.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 320.90 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 333.94 308.10 Td (LogicEase ) Tj ET Q q 0 0 0 rg BT 379.19 308.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 420.02 308.10 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 441.11 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.37 308.10 Td (W) Tj ET Q q 0 0 0 rg BT 467.01 308.10 Td (olters ) Tj ET Q q 0 0 0 rg BT 492.27 308.10 Td (Kluwer ) Tj ET Q q 0 0 0 rg BT 525.30 308.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 88.38 296.10 Td (Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 279.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 82.13 279.10 Td (oduct ) Tj ET Q q 0 0 0 rg BT 108.82 279.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.30 279.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 162.77 279.10 Td (Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.08 279.10 Td (.) Tj ET Q q 0 0 0 rg BT 200.90 279.10 Td (W) Tj ET Q q 0 0 0 rg BT 209.54 279.10 Td (e ) Tj ET Q q 0 0 0 rg BT 218.45 279.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 256.80 279.10 Td (against ) Tj ET Q q 0 0 0 rg BT 289.60 279.10 Td (product ) Tj ET Q q 0 0 0 rg BT 324.62 279.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.54 279.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 376.34 279.10 Td (service ) Tj ET Q q 0 0 0 rg BT 409.13 279.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 453.87 279.10 Td (including:Insight ) Tj ET Q q 0 0 0 rg BT 529.17 279.10 Td (Lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 92.29 267.10 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 112.83 267.10 Td (Mortech, ) Tj ET Q q 0 0 0 rg BT 151.71 267.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 171.98 267.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.92 267.10 Td (Zillow ) Tj ET Q q 0 0 0 rg BT 208.08 267.10 Td (business; ) Tj ET Q q 0 0 0 rg BT 247.25 267.10 Td (LoanLogics ) Tj ET Q q 0 0 0 rg BT 297.52 267.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 335.00 267.10 Td (NYLX, ) Tj ET Q q 0 0 0 rg BT 367.78 267.10 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 388.32 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.26 267.10 Td (Optimal ) Tj ET Q q 0 0 0 rg BT 440.54 267.10 Td (Blue, ) Tj ET Q q 0 0 0 rg BT 464.42 267.10 Td (LLC. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 250.10 Td (Electr) Tj ET Q q 0 0 0 rg BT 96.56 250.10 Td (onic ) Tj ET Q q 0 0 0 rg BT 116.68 250.10 Td (Document ) Tj ET Q q 0 0 0 rg BT 160.68 250.10 Td (Management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.39 250.10 Td () Tj ET Q q 0 0 0 rg BT 217.71 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.35 250.10 Td (e ) Tj ET Q q 0 0 0 rg BT 233.69 250.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 270.46 250.10 Td (against ) Tj ET Q q 0 0 0 rg BT 301.69 250.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 344.01 250.10 Td (document ) Tj ET Q q 0 0 0 rg BT 386.34 250.10 Td (management ) Tj ET Q q 0 0 0 rg BT 440.33 250.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 483.50 250.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 526.96 250.10 Td (Encomia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (LP; ) Tj ET Q q 0 0 0 rg BT 66.45 238.10 Td (SigniaDocs, ) Tj ET Q q 0 0 0 rg BT 117.56 238.10 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 137.92 238.10 Td (V) Tj ET Q q 0 0 0 rg BT 144.54 238.10 Td (irPack ) Tj ET Q q 0 0 0 rg BT 172.59 238.10 Td (Corporation; ) Tj ET Q q 0 0 0 rg BT 226.19 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.13 238.10 Td (Xerox ) Tj ET Q q 0 0 0 rg BT 270.62 238.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 312.00 238.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 350.88 238.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 221.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 221.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.86 221.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 124.01 221.10 Td (against ) Tj ET Q q 0 0 0 rg BT 154.61 221.10 Td (these ) Tj ET Q q 0 0 0 rg BT 177.44 221.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 217.49 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.55 221.10 Td (only ) Tj ET Q q 0 0 0 rg BT 252.61 221.10 Td (based ) Tj ET Q q 0 0 0 rg BT 277.66 221.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.94 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.43 221.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 334.49 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.10 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.59 221.10 Td (service ) Tj ET Q q 0 0 0 rg BT 390.19 221.10 Td (we ) Tj ET Q q 0 0 0 rg BT 404.13 221.10 Td (of) Tj ET Q q 0 0 0 rg BT 412.28 221.10 Td (fer) Tj ET Q q 0 0 0 rg BT 422.98 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 427.76 221.10 Td (but ) Tj ET Q q 0 0 0 rg BT 442.82 221.10 Td (also ) Tj ET Q q 0 0 0 rg BT 461.21 221.10 Td (on ) Tj ET Q q 0 0 0 rg BT 473.49 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.98 221.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 533.58 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.19 221.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 83.31 209.10 Td (service ) Tj ET Q q 0 0 0 rg BT 114.34 209.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 152.60 209.10 Td (within ) Tj ET Q q 0 0 0 rg BT 180.87 209.10 Td (Encompass) Tj ET Q q 0 0 0 rg BT 229.19 209.10 Td (s ) Tj ET Q q 0 0 0 rg BT 235.80 209.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 266.28 209.10 Td (workflow) Tj ET Q q 0 0 0 rg BT 304.51 209.10 Td (. ) Tj ET Q q 0 0 0 rg BT 309.53 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 318.16 209.10 Td (e ) Tj ET Q q 0 0 0 rg BT 325.32 209.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 356.90 209.10 Td (that ) Tj ET Q q 0 0 0 rg BT 374.61 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.54 209.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 435.58 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.62 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.55 209.10 Td (services ) Tj ET Q q 0 0 0 rg BT 496.47 209.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.96 209.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (enhances ) Tj ET Q q 0 0 0 rg BT 88.72 197.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 129.05 197.10 Td (originators) Tj ET Q q 0 0 0 rg BT 174.96 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.53 197.10 Td (control ) Tj ET Q q 0 0 0 rg BT 208.43 197.10 Td (over ) Tj ET Q q 0 0 0 rg BT 228.77 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.56 197.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 283.89 197.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 330.34 197.10 Td (process ) Tj ET Q q 0 0 0 rg BT 362.91 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.92 197.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 413.02 197.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 438.91 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.92 197.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 478.49 197.10 Td (through ) Tj ET Q q 0 0 0 rg BT 512.17 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 197.10 Td (seamless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 89.75 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.58 185.10 Td (data ) Tj ET Q q 0 0 0 rg BT 119.74 185.10 Td (across ) Tj ET Q q 0 0 0 rg BT 147.23 185.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 198.05 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.99 185.10 Td (services.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 159.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 103.44 159.10 Td (Regar) Tj ET Q q 0 0 0 rg BT 127.51 159.10 Td (ding ) Tj ET Q q 0 0 0 rg BT 147.79 159.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 162.51 159.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 183.89 159.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 204.16 159.10 Td (Network) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 142.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.46 142.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 111.75 142.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 131.92 142.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.32 142.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.40 142.10 Td (only ) Tj ET Q q 0 0 0 rg BT 198.59 142.10 Td (available ) Tj ET Q q 0 0 0 rg BT 237.09 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.27 142.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 287.44 142.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 333.18 142.10 Td (using ) Tj ET Q q 0 0 0 rg BT 357.26 142.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 407.54 142.10 Td (The ) Tj ET Q q 0 0 0 rg BT 425.49 142.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.44 142.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 513.62 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.81 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.43 142.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 142.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.17 130.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 85.51 130.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 105.73 130.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.72 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.17 130.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 177.28 130.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 220.83 130.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 257.17 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.96 130.10 Td (exchanging ) Tj ET Q q 0 0 0 rg BT 316.50 130.10 Td (data ) Tj ET Q q 0 0 0 rg BT 335.61 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.51 130.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 398.28 130.10 Td (among ) Tj ET Q q 0 0 0 rg BT 427.95 130.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 468.17 130.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 503.40 130.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 552.51 130.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (email, ) Tj ET Q q 0 0 0 rg BT 76.42 118.10 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 117.77 118.10 Td (phone, ) Tj ET Q q 0 0 0 rg BT 146.91 118.10 Td (courier) Tj ET Q q 0 0 0 rg BT 174.83 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.53 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.17 118.10 Td (mail. ) Tj ET Q q 0 0 0 rg BT 218.65 118.10 Td (In ) Tj ET Q q 0 0 0 rg BT 229.18 118.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 266.66 118.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 306.63 118.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 352.16 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 371.58 118.10 Td (use ) Tj ET Q q 0 0 0 rg BT 387.11 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.75 118.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 438.72 118.10 Td (web ) Tj ET Q q 0 0 0 rg BT 457.58 118.10 Td (browser ) Tj ET Q q 0 0 0 rg BT 492.00 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.98 118.10 Td (go ) Tj ET Q q 0 0 0 rg BT 514.18 118.10 Td (individually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.97 106.10 Td (each ) Tj ET Q q 0 0 0 rg BT 80.97 106.10 Td (investor) Tj ET Q q 0 0 0 rg BT 112.79 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.98 106.10 Td (lender) Tj ET Q q 0 0 0 rg BT 142.56 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.75 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 158.77 106.10 Td (service ) Tj ET Q q 0 0 0 rg BT 189.78 106.10 Td (provider) Tj ET Q q 0 0 0 rg BT 224.03 106.10 Td () Tj ET Q q 0 0 0 rg BT 226.80 106.10 Td (s ) Tj ET Q q 0 0 0 rg BT 233.38 106.10 Td (website ) Tj ET Q q 0 0 0 rg BT 266.62 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.75 106.10 Td (then ) Tj ET Q q 0 0 0 rg BT 303.66 106.10 Td (manually ) Tj ET Q q 0 0 0 rg BT 343.56 106.10 Td (upload ) Tj ET Q q 0 0 0 rg BT 373.46 106.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 393.37 106.10 Td (data ) Tj ET Q q 0 0 0 rg BT 412.71 106.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.73 106.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 446.41 106.10 Td (information ) Tj ET Q q 0 0 0 rg BT 496.31 106.10 Td (into ) Tj ET Q q 0 0 0 rg BT 514.56 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.46 106.10 Td (website. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 90.53 94.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 136.00 94.10 Td (may ) Tj ET Q q 0 0 0 rg BT 155.36 94.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 191.95 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.87 94.10 Td (use ) Tj ET Q q 0 0 0 rg BT 217.35 94.10 Td (these ) Tj ET Q q 0 0 0 rg BT 240.05 94.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 276.08 94.10 Td (due ) Tj ET Q q 0 0 0 rg BT 292.67 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.60 94.10 Td (habit, ) Tj ET Q q 0 0 0 rg BT 327.24 94.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 363.26 94.10 Td (business ) Tj ET Q q 0 0 0 rg BT 399.30 94.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 452.56 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.04 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 476.84 94.10 Td (other ) Tj ET Q q 0 0 0 rg BT 499.54 94.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 534.18 94.10 Td (despite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.18 82.10 Td (disadvantages ) Tj ET Q q 0 0 0 rg BT 122.75 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.54 82.10 Td (duplicative ) Tj ET Q q 0 0 0 rg BT 180.44 82.10 Td (ef) Tj ET Q q 0 0 0 rg BT 188.03 82.10 Td (forts, ) Tj ET Q q 0 0 0 rg BT 211.32 82.10 Td (time ) Tj ET Q q 0 0 0 rg BT 231.56 82.10 Td (delays, ) Tj ET Q q 0 0 0 rg BT 262.08 82.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 287.87 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.77 82.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 329.74 82.10 Td (redundant ) Tj ET Q q 0 0 0 rg BT 372.19 82.10 Td (paper ) Tj ET Q q 0 0 0 rg BT 396.87 82.10 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 461.26 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.17 82.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 515.63 82.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 548.08 82.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (security ) Tj ET Q q 0 0 0 rg BT 83.66 70.10 Td (breaches.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 106.66 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.05 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 153.32 740.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 195.54 740.10 Td (including ) Tj ET Q q 0 0 0 rg BT 235.27 740.10 Td (those ) Tj ET Q q 0 0 0 rg BT 258.33 740.10 Td (who ) Tj ET Q q 0 0 0 rg BT 277.50 740.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 321.66 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.61 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.78 740.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 368.61 740.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 388.33 740.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.33 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 427.78 740.10 Td (can ) Tj ET Q q 0 0 0 rg BT 443.61 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.00 740.10 Td (do ) Tj ET Q q 0 0 0 rg BT 471.95 740.10 Td (connect ) Tj ET Q q 0 0 0 rg BT 505.00 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 524.73 740.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 94.90 728.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.97 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 126.25 728.10 Td (not ) Tj ET Q q 0 0 0 rg BT 141.10 728.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 188.72 728.10 Td (users ) Tj ET Q q 0 0 0 rg BT 211.34 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.19 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.70 728.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 257.54 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.94 728.10 Td (ways, ) Tj ET Q q 0 0 0 rg BT 293.07 728.10 Td (including ) Tj ET Q q 0 0 0 rg BT 332.91 728.10 Td (through ) Tj ET Q q 0 0 0 rg BT 366.09 728.10 Td (other ) Tj ET Q q 0 0 0 rg BT 388.71 728.10 Td (networks ) Tj ET Q q 0 0 0 rg BT 427.45 728.10 Td (between ) Tj ET Q q 0 0 0 rg BT 462.83 728.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 502.67 728.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 548.07 728.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 80.88 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.82 716.10 Td (service ) Tj ET Q q 0 0 0 rg BT 128.63 716.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 168.90 716.10 Td (such ) Tj ET Q q 0 0 0 rg BT 189.73 716.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.56 716.10 Td (Black ) Tj ET Q q 0 0 0 rg BT 226.38 716.10 Td (Knight ) Tj ET Q q 0 0 0 rg BT 256.66 716.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 296.38 716.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 335.25 716.10 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 699.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 699.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.36 699.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 125.01 699.10 Td (with ) Tj ET Q q 0 0 0 rg BT 145.57 699.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 176.66 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.22 699.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.22 699.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 223.88 699.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 244.43 699.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.42 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.20 699.10 Td (based ) Tj ET Q q 0 0 0 rg BT 307.74 699.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.52 699.10 Td (of) Tj ET Q q 0 0 0 rg BT 328.67 699.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 355.33 699.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 395.87 699.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 441.98 699.10 Td (accessibility ) Tj ET Q q 0 0 0 rg BT 494.19 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.75 699.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.96 699.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 542.50 699.10 Td (mass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.29 687.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 101.35 687.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 135.19 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.08 687.10 Td (service ) Tj ET Q q 0 0 0 rg BT 182.86 687.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 225.58 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.48 687.10 Td (enabling ) Tj ET Q q 0 0 0 rg BT 279.37 687.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 319.59 687.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 365.37 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.61 687.10 Td (transact ) Tj ET Q q 0 0 0 rg BT 409.16 687.10 Td (all ) Tj ET Q q 0 0 0 rg BT 421.61 687.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 452.95 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.74 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.41 687.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 518.63 687.10 Td (origination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (process ) Tj ET Q q 0 0 0 rg BT 82.52 675.10 Td (over ) Tj ET Q q 0 0 0 rg BT 103.32 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.57 675.10 Td (network. ) Tj ET Q q 0 0 0 rg BT 156.87 675.10 Td (In ) Tj ET Q q 0 0 0 rg BT 168.23 675.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 206.54 675.10 Td (we ) Tj ET Q q 0 0 0 rg BT 221.23 675.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 258.13 675.10 Td (with ) Tj ET Q q 0 0 0 rg BT 278.94 675.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 310.29 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.10 675.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.34 675.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 358.26 675.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 379.06 675.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.05 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.08 675.10 Td (by ) Tj ET Q q 0 0 0 rg BT 430.11 675.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 472.03 675.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 513.67 675.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 548.08 675.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (service ) Tj ET Q q 0 0 0 rg BT 80.32 663.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 120.60 663.10 Td (with ) Tj ET Q q 0 0 0 rg BT 140.88 663.10 Td (superior ) Tj ET Q q 0 0 0 rg BT 176.16 663.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 232.53 663.10 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 284.46 663.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.75 663.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 345.02 663.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 393.35 663.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.30 663.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 452.79 663.10 Td (them ) Tj ET Q q 0 0 0 rg BT 475.29 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.57 663.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 510.85 663.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 535.85 663.10 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 75.32 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.26 651.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 127.51 651.10 Td (speed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 634.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.46 634.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 120.21 634.10 Td (we ) Tj ET Q q 0 0 0 rg BT 134.75 634.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 174.83 634.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 211.59 634.10 Td (favorably ) Tj ET Q q 0 0 0 rg BT 252.78 634.10 Td (with ) Tj ET Q q 0 0 0 rg BT 273.44 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 289.65 634.10 Td (competitors; ) Tj ET Q q 0 0 0 rg BT 342.52 634.10 Td (however) Tj ET Q q 0 0 0 rg BT 376.55 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 381.93 634.10 Td (some ) Tj ET Q q 0 0 0 rg BT 405.92 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.13 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.34 634.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 460.10 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.42 634.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 515.29 634.10 Td (competitors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (enjoy ) Tj ET Q q 0 0 0 rg BT 74.06 622.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 119.17 622.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 168.72 622.10 Td (advantages ) Tj ET Q q 0 0 0 rg BT 215.49 622.10 Td (over ) Tj ET Q q 0 0 0 rg BT 235.60 622.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 249.33 622.10 Td (such ) Tj ET Q q 0 0 0 rg BT 270.00 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.67 622.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 308.56 622.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 348.67 622.10 Td (histories ) Tj ET Q q 0 0 0 rg BT 384.89 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.67 622.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 454.00 622.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 484.10 622.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 523.92 622.10 Td (technical, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 95.04 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.98 610.10 Td (other ) Tj ET Q q 0 0 0 rg BT 135.03 610.10 Td (resources.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 105.88 584.10 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 567.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.24 567.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 110.22 567.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 150.18 567.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 185.15 567.10 Td (is ) Tj ET Q q 0 0 0 rg BT 194.01 567.10 Td (heavily ) Tj ET Q q 0 0 0 rg BT 225.64 567.10 Td (regulated. ) Tj ET Q q 0 0 0 rg BT 267.53 567.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 308.61 567.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 356.62 567.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 390.20 567.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 431.00 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.63 567.10 Td (service ) Tj ET Q q 0 0 0 rg BT 478.14 567.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 518.10 567.10 Td (with ) Tj ET Q q 0 0 0 rg BT 538.07 567.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.59 555.10 Td (do ) Tj ET Q q 0 0 0 rg BT 78.02 555.10 Td (business ) Tj ET Q q 0 0 0 rg BT 115.33 555.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.97 555.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 162.72 555.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.93 555.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 207.61 555.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 231.86 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.73 555.10 Td (local ) Tj ET Q q 0 0 0 rg BT 272.59 555.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 294.35 555.10 Td (that ) Tj ET Q q 0 0 0 rg BT 312.77 555.10 Td (regulate ) Tj ET Q q 0 0 0 rg BT 348.40 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.27 555.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 397.46 555.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.10 555.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 446.52 555.10 Td (in ) Tj ET Q q 0 0 0 rg BT 457.72 555.10 Td (which ) Tj ET Q q 0 0 0 rg BT 485.59 555.10 Td (they ) Tj ET Q q 0 0 0 rg BT 506.23 555.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 539.08 555.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 555.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 93.68 543.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 133.97 543.10 Td (industry) Tj ET Q q 0 0 0 rg BT 166.10 543.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.12 543.10 Td (including ) Tj ET Q q 0 0 0 rg BT 211.42 543.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 257.83 543.10 Td (X ) Tj ET Q q 0 0 0 rg BT 267.58 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.44 543.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 301.42 543.10 Td (A, ) Tj ET Q q 0 0 0 rg BT 313.67 543.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 360.08 543.10 Td (Z ) Tj ET Q q 0 0 0 rg BT 368.71 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.39 543.10 Td (TILA, ) Tj ET Q q 0 0 0 rg BT 407.18 543.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.93 543.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 463.33 543.10 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 508.63 543.10 Td (Improvement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 69.60 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.21 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.59 531.10 Td (Secure ) Tj ET Q q 0 0 0 rg BT 132.96 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.56 531.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 169.83 531.10 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 224.64 531.10 Td (for ) Tj ET Q q 0 0 0 rg BT 239.46 531.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 281.50 531.10 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 323.40 531.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 341.00 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.50 531.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 378.16 531.10 Td (as ) Tj ET Q q 0 0 0 rg BT 389.66 531.10 Td (amended. ) Tj ET Q q 0 0 0 rg BT 431.41 531.10 Td (In ) Tj ET Q q 0 0 0 rg BT 442.91 531.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 481.35 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.73 531.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 548.07 531.10 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 90.16 519.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 133.62 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.86 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.98 519.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 200.66 519.10 Td (industry) Tj ET Q q 0 0 0 rg BT 232.79 519.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.20 519.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 281.66 519.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 321.77 519.10 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 369.12 519.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 400.91 519.10 Td (from ) Tj ET Q q 0 0 0 rg BT 423.26 519.10 Td (making ) Tj ET Q q 0 0 0 rg BT 456.17 519.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 500.73 519.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 541.40 519.10 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 507.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 75.97 507.10 Td (a ) Tj ET Q q 0 0 0 rg BT 81.88 507.10 Td (good ) Tj ET Q q 0 0 0 rg BT 103.35 507.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 123.15 507.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 180.16 507.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.30 507.10 Td (made ) Tj ET Q q 0 0 0 rg BT 211.42 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.23 507.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.14 507.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 264.16 507.10 Td () Tj ET Q q 0 0 0 rg BT 266.94 507.10 Td (s ) Tj ET Q q 0 0 0 rg BT 272.30 507.10 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 339.86 507.10 Td (based ) Tj ET Q q 0 0 0 rg BT 364.10 507.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.57 507.10 Td (verified ) Tj ET Q q 0 0 0 rg BT 408.14 507.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.05 507.10 Td (documented ) Tj ET Q q 0 0 0 rg BT 474.39 507.10 Td (information; ) Tj ET Q q 0 0 0 rg BT 525.85 507.10 Td (requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.23 495.10 Td (CFPB ) Tj ET Q q 0 0 0 rg BT 93.21 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.51 495.10 Td (enact ) Tj ET Q q 0 0 0 rg BT 129.12 495.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 177.07 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.37 495.10 Td (help ) Tj ET Q q 0 0 0 rg BT 209.10 495.10 Td (assure ) Tj ET Q q 0 0 0 rg BT 237.61 495.10 Td (that ) Tj ET Q q 0 0 0 rg BT 256.12 495.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 302.41 495.10 Td (are ) Tj ET Q q 0 0 0 rg BT 318.13 495.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 357.19 495.10 Td (with ) Tj ET Q q 0 0 0 rg BT 378.49 495.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 407.56 495.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.51 495.10 Td (understandable ) Tj ET Q q 0 0 0 rg BT 489.56 495.10 Td (information ) Tj ET Q q 0 0 0 rg BT 540.29 495.10 Td (about ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 483.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 93.94 483.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 134.50 483.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 158.41 483.10 Td (that ) Tj ET Q q 0 0 0 rg BT 176.20 483.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 206.75 483.10 Td (them ) Tj ET Q q 0 0 0 rg BT 229.54 483.10 Td (against ) Tj ET Q q 0 0 0 rg BT 260.66 483.10 Td (unfair) Tj ET Q q 0 0 0 rg BT 284.14 483.10 Td (, ) Tj ET Q q 0 0 0 rg BT 289.43 483.10 Td (deceptive, ) Tj ET Q q 0 0 0 rg BT 333.04 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.27 483.10 Td (abusive ) Tj ET Q q 0 0 0 rg BT 383.61 483.10 Td (practices; ) Tj ET Q q 0 0 0 rg BT 424.72 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.95 483.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 481.40 483.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 511.95 483.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 554.73 483.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 87.26 471.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 128.92 471.10 Td (national ) Tj ET Q q 0 0 0 rg BT 163.89 471.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 218.31 471.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 262.18 471.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.61 471.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 321.02 471.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 365.44 471.10 Td (that ) Tj ET Q q 0 0 0 rg BT 383.20 471.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 414.85 471.10 Td (will ) Tj ET Q q 0 0 0 rg BT 433.17 471.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.37 471.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 479.79 471.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.34 471.10 Td (securitize ) Tj ET Q q 0 0 0 rg BT 531.41 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.62 471.10 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.41 459.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 106.30 459.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 145.54 459.10 Td (without ) Tj ET Q q 0 0 0 rg BT 179.23 459.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 217.91 459.10 Td (any ) Tj ET Q q 0 0 0 rg BT 235.48 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.94 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.29 459.10 Td (loans) Tj ET Q q 0 0 0 rg BT 285.98 459.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.11 459.10 Td (default ) Tj ET Q q 0 0 0 rg BT 320.01 459.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 339.95 459.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 380.86 459.10 Td (we ) Tj ET Q q 0 0 0 rg BT 395.65 459.10 Td (are ) Tj ET Q q 0 0 0 rg BT 410.99 459.10 Td (not ) Tj ET Q q 0 0 0 rg BT 426.90 459.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 460.57 459.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 492.03 459.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.94 459.10 Td (these ) Tj ET Q q 0 0 0 rg BT 526.61 459.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.08 459.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 98.55 447.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 132.86 447.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.75 447.10 Td (these ) Tj ET Q q 0 0 0 rg BT 165.41 447.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 185.85 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.41 447.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 248.95 447.10 Td (could ) Tj ET Q q 0 0 0 rg BT 273.28 447.10 Td (broaden ) Tj ET Q q 0 0 0 rg BT 307.60 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.93 447.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 346.81 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.25 447.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 386.02 447.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.46 447.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 434.67 447.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 465.11 447.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.00 447.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 517.65 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.20 447.10 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (us ) Tj ET Q q 0 0 0 rg BT 61.22 435.10 Td (to ) Tj ET Q q 0 0 0 rg BT 71.83 435.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 104.66 435.10 Td (with ) Tj ET Q q 0 0 0 rg BT 125.27 435.10 Td (their ) Tj ET Q q 0 0 0 rg BT 146.43 435.10 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 196.19 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.46 435.10 Td (new ) Tj ET Q q 0 0 0 rg BT 232.96 435.10 Td (products ) Tj ET Q q 0 0 0 rg BT 270.23 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.50 435.10 Td (services ) Tj ET Q q 0 0 0 rg BT 322.54 435.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 366.46 435.10 Td (by ) Tj ET Q q 0 0 0 rg BT 379.29 435.10 Td (us ) Tj ET Q q 0 0 0 rg BT 391.02 435.10 Td (may ) Tj ET Q q 0 0 0 rg BT 411.07 435.10 Td (be ) Tj ET Q q 0 0 0 rg BT 423.34 435.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 454.50 435.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 467.61 435.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.77 435.10 Td (have ) Tj ET Q q 0 0 0 rg BT 500.48 435.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.09 435.10 Td (reflect, ) Tj ET Q q 0 0 0 rg BT 541.95 435.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.33 423.10 Td (or ) Tj ET Q q 0 0 0 rg BT 81.16 423.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 406.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.98 406.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.40 406.10 Td (we ) Tj ET Q q 0 0 0 rg BT 134.21 406.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.57 406.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 179.05 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.97 406.10 Td (general ) Tj ET Q q 0 0 0 rg BT 220.55 406.10 Td (business ) Tj ET Q q 0 0 0 rg BT 256.59 406.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 277.07 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.66 406.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 342.74 406.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 389.32 406.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 432.02 406.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 461.92 406.10 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 511.00 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.59 406.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.07 406.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 97.50 394.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 147.15 394.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 191.26 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.04 394.10 Td (Internet, ) Tj ET Q q 0 0 0 rg BT 244.20 394.10 Td (such ) Tj ET Q q 0 0 0 rg BT 266.09 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 277.98 394.10 Td (those ) Tj ET Q q 0 0 0 rg BT 302.66 394.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 341.21 394.10 Td (taxation, ) Tj ET Q q 0 0 0 rg BT 379.48 394.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 395.96 394.10 Td (fs, ) Tj ET Q q 0 0 0 rg BT 409.24 394.10 Td (user ) Tj ET Q q 0 0 0 rg BT 429.46 394.10 Td (privacy) Tj ET Q q 0 0 0 rg BT 458.80 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 464.86 394.10 Td (data ) Tj ET Q q 0 0 0 rg BT 485.08 394.10 Td (protection, ) Tj ET Q q 0 0 0 rg BT 531.69 394.10 Td (pricing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (content, ) Tj ET Q q 0 0 0 rg BT 85.33 382.10 Td (copyrights, ) Tj ET Q q 0 0 0 rg BT 133.94 382.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 186.45 382.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 229.77 382.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 269.76 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.09 382.10 Td (other ) Tj ET Q q 0 0 0 rg BT 312.54 382.10 Td (communications, ) Tj ET Q q 0 0 0 rg BT 385.03 382.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 427.81 382.10 Td (protection, ) Tj ET Q q 0 0 0 rg BT 474.74 382.10 Td (broadband ) Tj ET Q q 0 0 0 rg BT 520.85 382.10 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 83.09 370.10 Td (access, ) Tj ET Q q 0 0 0 rg BT 113.63 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.57 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.29 370.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 204.97 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.91 370.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 252.19 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.02 370.10 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 327.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.30 327.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 146.18 327.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.18 327.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.48 327.10 Td (we ) Tj ET Q q 0 0 0 rg BT 187.94 327.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.17 327.10 Td (1,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.67 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.47 327.10 Td (full-time ) Tj ET Q q 0 0 0 rg BT 271.26 327.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 320.32 327.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.90 327.10 Td (171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.90 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.69 327.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.27 327.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 415.51 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.74 327.10 Td (marketing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.58 327.10 Td (767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.58 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.38 327.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.96 327.10 Td (research ) Tj ET Q q 0 0 0 rg BT 548.06 327.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.34 315.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.97 315.10 Td (technology) Tj ET Q q 0 0 0 rg BT 163.75 315.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.44 315.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.07 315.10 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.07 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.26 315.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.22 315.10 Td (general ) Tj ET Q q 0 0 0 rg BT 243.84 315.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.46 315.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 319.86 315.10 Td (functions. ) Tj ET Q q 0 0 0 rg BT 361.77 315.10 Td (None ) Tj ET Q q 0 0 0 rg BT 385.61 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.13 315.10 Td (our ) Tj ET Q q 0 0 0 rg BT 411.65 315.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 456.61 315.10 Td (are ) Tj ET Q q 0 0 0 rg BT 471.00 315.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 504.84 315.10 Td (by ) Tj ET Q q 0 0 0 rg BT 517.02 315.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.65 315.10 Td (collective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (bar) Tj ET Q q 0 0 0 rg BT 62.09 303.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 94.58 303.10 Td (agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 260.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.47 260.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 130.65 260.10 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 184.15 260.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.78 260.10 Td (located ) Tj ET Q q 0 0 0 rg BT 230.07 260.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.27 260.10 Td (Pleasanton, ) Tj ET Q q 0 0 0 rg BT 288.52 260.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 333.98 260.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 366.95 260.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.13 260.10 Td (280,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.63 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.05 260.10 Td (square ) Tj ET Q q 0 0 0 rg BT 490.57 260.10 Td (feet, ) Tj ET Q q 0 0 0 rg BT 510.48 260.10 Td (under ) Tj ET Q q 0 0 0 rg BT 535.67 260.10 Td (a ) Tj ET Q q 0 0 0 rg BT 542.53 260.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 84.93 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.81 248.10 Td (December ) Tj ET Q q 0 0 0 rg BT 137.99 248.10 Td (2025. ) Tj ET Q q 0 0 0 rg BT 162.44 248.10 Td (W) Tj ET Q q 0 0 0 rg BT 171.08 248.10 Td (e ) Tj ET Q q 0 0 0 rg BT 177.62 248.10 Td (also ) Tj ET Q q 0 0 0 rg BT 195.83 248.10 Td (have ) Tj ET Q q 0 0 0 rg BT 216.80 248.10 Td (staf) Tj ET Q q 0 0 0 rg BT 231.06 248.10 Td (f ) Tj ET Q q 0 0 0 rg BT 236.49 248.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 276.36 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.24 248.10 Td (branch ) Tj ET Q q 0 0 0 rg BT 315.55 248.10 Td (of) Tj ET Q q 0 0 0 rg BT 323.70 248.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 344.67 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.55 248.10 Td (Calabasas, ) Tj ET Q q 0 0 0 rg BT 399.14 248.10 Td (California; ) Tj ET Q q 0 0 0 rg BT 444.56 248.10 Td (Irvine, ) Tj ET Q q 0 0 0 rg BT 473.04 248.10 Td (California; ) Tj ET Q q 0 0 0 rg BT 518.46 248.10 Td (San ) Tj ET Q q 0 0 0 rg BT 535.56 248.10 Td (Diego, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (California; ) Tj ET Q q 0 0 0 rg BT 95.32 236.10 Td (Eagan, ) Tj ET Q q 0 0 0 rg BT 125.31 236.10 Td (Minnesota; ) Tj ET Q q 0 0 0 rg BT 172.80 236.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 186.14 236.10 Td (Louis, ) Tj ET Q q 0 0 0 rg BT 213.92 236.10 Td (Missouri; ) Tj ET Q q 0 0 0 rg BT 254.76 236.10 Td (Omaha, ) Tj ET Q q 0 0 0 rg BT 288.64 236.10 Td (Nebraska; ) Tj ET Q q 0 0 0 rg BT 331.67 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.61 236.10 Td (Parsippany) Tj ET Q q 0 0 0 rg BT 392.40 236.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.40 236.10 Td (New ) Tj ET Q q 0 0 0 rg BT 418.78 236.10 Td (Jersey) Tj ET Q q 0 0 0 rg BT 443.12 236.10 Td (.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 736.18 Td (ITEM 1A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 736.18 Td (RISK FACTORS) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 715.00 Td (Y) Tj ET Q q 0 0 0 rg BT 78.14 715.00 Td (ou ) Tj ET Q q 0 0 0 rg BT 90.25 715.00 Td (should ) Tj ET Q q 0 0 0 rg BT 119.02 715.00 Td (car) Tj ET Q q 0 0 0 rg BT 131.98 715.00 Td (efully ) Tj ET Q q 0 0 0 rg BT 156.30 715.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 192.84 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 207.16 715.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 228.16 715.00 Td (described ) Tj ET Q q 0 0 0 rg BT 269.14 715.00 Td (below ) Tj ET Q q 0 0 0 rg BT 295.13 715.00 Td (and ) Tj ET Q q 0 0 0 rg BT 312.24 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 326.56 715.00 Td (other ) Tj ET Q q 0 0 0 rg BT 349.77 715.00 Td (information ) Tj ET Q q 0 0 0 rg BT 399.10 715.00 Td (in ) Tj ET Q q 0 0 0 rg BT 408.98 715.00 Td (this ) Tj ET Q q 0 0 0 rg BT 425.54 715.00 Td (r) Tj ET Q q 0 0 0 rg BT 429.06 715.00 Td (eport. ) Tj ET Q q 0 0 0 rg BT 454.77 715.00 Td (If ) Tj ET Q q 0 0 0 rg BT 462.98 715.00 Td (any ) Tj ET Q q 0 0 0 rg BT 479.53 715.00 Td (of ) Tj ET Q q 0 0 0 rg BT 489.41 715.00 Td (the ) Tj ET Q q 0 0 0 rg BT 503.73 715.00 Td (following ) Tj ET Q q 0 0 0 rg BT 543.62 715.00 Td (risks ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 703.00 Td (materialize, ) Tj ET Q q 0 0 0 rg BT 99.65 703.00 Td (our ) Tj ET Q q 0 0 0 rg BT 116.19 703.00 Td (business ) Tj ET Q q 0 0 0 rg BT 152.74 703.00 Td (could ) Tj ET Q q 0 0 0 rg BT 177.61 703.00 Td (be ) Tj ET Q q 0 0 0 rg BT 189.70 703.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 233.45 703.00 Td (harmed, ) Tj ET Q q 0 0 0 rg BT 269.16 703.00 Td (and ) Tj ET Q q 0 0 0 rg BT 286.81 703.00 Td (our ) Tj ET Q q 0 0 0 rg BT 303.36 703.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.56 703.00 Td (condition ) Tj ET Q q 0 0 0 rg BT 381.99 703.00 Td (and ) Tj ET Q q 0 0 0 rg BT 399.64 703.00 Td (r) Tj ET Q q 0 0 0 rg BT 403.16 703.00 Td (esults ) Tj ET Q q 0 0 0 rg BT 428.59 703.00 Td (of ) Tj ET Q q 0 0 0 rg BT 439.02 703.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.45 703.00 Td (could ) Tj ET Q q 0 0 0 rg BT 509.32 703.00 Td (be ) Tj ET Q q 0 0 0 rg BT 521.41 703.00 Td (materially ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 691.00 Td (and ) Tj ET Q q 0 0 0 rg BT 67.23 691.00 Td (adversely ) Tj ET Q q 0 0 0 rg BT 108.28 691.00 Td (affected. ) Tj ET Q q 0 0 0 rg BT 145.16 691.00 Td (The ) Tj ET Q q 0 0 0 rg BT 162.89 691.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 184.51 691.00 Td (described ) Tj ET Q q 0 0 0 rg BT 226.12 691.00 Td (below ) Tj ET Q q 0 0 0 rg BT 252.74 691.00 Td (ar) Tj ET Q q 0 0 0 rg BT 261.26 691.00 Td (e ) Tj ET Q q 0 0 0 rg BT 268.43 691.00 Td (not ) Tj ET Q q 0 0 0 rg BT 283.94 691.00 Td (the ) Tj ET Q q 0 0 0 rg BT 298.88 691.00 Td (only ) Tj ET Q q 0 0 0 rg BT 318.83 691.00 Td (ones ) Tj ET Q q 0 0 0 rg BT 339.89 691.00 Td (facing ) Tj ET Q q 0 0 0 rg BT 367.62 691.00 Td (us. ) Tj ET Q q 0 0 0 rg BT 381.54 691.00 Td (Additional ) Tj ET Q q 0 0 0 rg BT 426.50 691.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 448.12 691.00 Td (not ) Tj ET Q q 0 0 0 rg BT 463.63 691.00 Td (curr) Tj ET Q q 0 0 0 rg BT 480.48 691.00 Td (ently ) Tj ET Q q 0 0 0 rg BT 502.64 691.00 Td (known ) Tj ET Q q 0 0 0 rg BT 531.48 691.00 Td (to ) Tj ET Q q 0 0 0 rg BT 541.99 691.00 Td (us ) Tj ET Q q 0 0 0 rg BT 553.62 691.00 Td (or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 679.00 Td (that ) Tj ET Q q 0 0 0 rg BT 67.56 679.00 Td (we ) Tj ET Q q 0 0 0 rg BT 81.17 679.00 Td (curr) Tj ET Q q 0 0 0 rg BT 98.02 679.00 Td (ently ) Tj ET Q q 0 0 0 rg BT 119.95 679.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 150.76 679.00 Td (ar) Tj ET Q q 0 0 0 rg BT 159.28 679.00 Td (e ) Tj ET Q q 0 0 0 rg BT 166.22 679.00 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 212.61 679.00 Td (may ) Tj ET Q q 0 0 0 rg BT 231.77 679.00 Td (also ) Tj ET Q q 0 0 0 rg BT 250.94 679.00 Td (impair ) Tj ET Q q 0 0 0 rg BT 280.11 679.00 Td (our ) Tj ET Q q 0 0 0 rg BT 296.50 679.00 Td (business, ) Tj ET Q q 0 0 0 rg BT 335.39 679.00 Td (r) Tj ET Q q 0 0 0 rg BT 338.91 679.00 Td (esults ) Tj ET Q q 0 0 0 rg BT 364.19 679.00 Td (of ) Tj ET Q q 0 0 0 rg BT 374.47 679.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 422.24 679.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.30 679.00 Td (condition, ) Tj ET Q q 0 0 0 rg BT 503.07 679.00 Td (and ) Tj ET Q q 0 0 0 rg BT 520.57 679.00 Td (liquidity) Tj ET Q q 0 0 0 rg BT 553.35 679.00 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 662.00 Td (The ) Tj ET Q q 0 0 0 rg BT 92.55 662.00 Td (following ) Tj ET Q q 0 0 0 rg BT 134.39 662.00 Td (discussion ) Tj ET Q q 0 0 0 rg BT 180.11 662.00 Td (of ) Tj ET Q q 0 0 0 rg BT 191.94 662.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 210.99 662.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 242.82 662.00 Td (contains ) Tj ET Q q 0 0 0 rg BT 280.76 662.00 Td (forwar) Tj ET Q q 0 0 0 rg BT 307.62 662.00 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 349.99 662.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 398.76 662.00 Td (These ) Tj ET Q q 0 0 0 rg BT 426.14 662.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 445.19 662.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 477.02 662.00 Td (may ) Tj ET Q q 0 0 0 rg BT 497.73 662.00 Td (be ) Tj ET Q q 0 0 0 rg BT 511.22 662.00 Td (important ) Tj ET Q q 0 0 0 rg BT 554.72 662.00 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 650.00 Td (understanding ) Tj ET Q q 0 0 0 rg BT 110.22 650.00 Td (other ) Tj ET Q q 0 0 0 rg BT 134.27 650.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 179.43 650.00 Td (in ) Tj ET Q q 0 0 0 rg BT 190.15 650.00 Td (this ) Tj ET Q q 0 0 0 rg BT 207.32 650.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 239.15 650.00 Td (Report ) Tj ET Q q 0 0 0 rg BT 269.31 650.00 Td (on ) Tj ET Q q 0 0 0 rg BT 282.25 650.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 307.41 650.00 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 332.85 650.00 Td (The ) Tj ET Q q 0 0 0 rg BT 350.79 650.00 Td (following ) Tj ET Q q 0 0 0 rg BT 391.52 650.00 Td (information ) Tj ET Q q 0 0 0 rg BT 441.68 650.00 Td (should ) Tj ET Q q 0 0 0 rg BT 471.29 650.00 Td (be ) Tj ET Q q 0 0 0 rg BT 483.67 650.00 Td (r) Tj ET Q q 0 0 0 rg BT 487.19 650.00 Td (ead ) Tj ET Q q 0 0 0 rg BT 504.57 650.00 Td (in ) Tj ET Q q 0 0 0 rg BT 515.29 650.00 Td (conjunction ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 638.00 Td (with ) Tj ET Q q 0 0 0 rg BT 68.26 638.00 Td (the ) Tj ET Q q 0 0 0 rg BT 82.01 638.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 134.65 638.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.74 638.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 215.49 638.00 Td (and ) Tj ET Q q 0 0 0 rg BT 232.02 638.00 Td (r) Tj ET Q q 0 0 0 rg BT 235.54 638.00 Td (elated ) Tj ET Q q 0 0 0 rg BT 261.51 638.00 Td (notes ) Tj ET Q q 0 0 0 rg BT 284.16 638.00 Td (in ) Tj ET Q q 0 0 0 rg BT 293.47 638.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 312.78 638.00 Td (II, ) Tj ET Q q 0 0 0 rg BT 323.48 638.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 342.78 638.00 Td (7, ) Tj ET Q q 0 0 0 rg BT 351.81 638.00 Td (Management) Tj ET Q q 0 0 0 rg BT 411.62 638.00 Td (s ) Tj ET Q q 0 0 0 rg BT 417.05 638.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 462.48 638.00 Td (and ) Tj ET Q q 0 0 0 rg BT 478.90 638.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 514.32 638.00 Td (of ) Tj ET Q q 0 0 0 rg BT 523.63 638.00 Td (Financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 626.00 Td (Condition ) Tj ET Q q 0 0 0 rg BT 91.56 626.00 Td (and ) Tj ET Q q 0 0 0 rg BT 108.62 626.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 139.57 626.00 Td (of ) Tj ET Q q 0 0 0 rg BT 149.41 626.00 Td (Operations ) Tj ET Q q 0 0 0 rg BT 202.03 626.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.09 626.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 238.93 626.00 Td (II, ) Tj ET Q q 0 0 0 rg BT 250.15 626.00 Td (Item ) Tj ET Q q 0 0 0 rg BT 269.97 626.00 Td (8, ) Tj ET Q q 0 0 0 rg BT 279.53 626.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 326.04 626.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 371.42 626.00 Td (and ) Tj ET Q q 0 0 0 rg BT 388.48 626.00 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 450.53 626.00 Td (Data ) Tj ET Q q 0 0 0 rg BT 478.15 626.00 Td (of ) Tj ET Q q 0 0 0 rg BT 487.99 626.00 Td (this ) Tj ET Q q 0 0 0 rg BT 504.34 626.00 Td (Annual ) Tj ET Q q 0 0 0 rg BT 535.29 626.00 Td (Report ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 614.00 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 614.00 Td (Form ) Tj ET Q q 0 0 0 rg BT 86.72 614.00 Td (10-K.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 597.00 Td (Because ) Tj ET Q q 0 0 0 rg BT 108.82 597.00 Td (of ) Tj ET Q q 0 0 0 rg BT 118.60 597.00 Td (the ) Tj ET Q q 0 0 0 rg BT 132.82 597.00 Td (following ) Tj ET Q q 0 0 0 rg BT 172.61 597.00 Td (risks, ) Tj ET Q q 0 0 0 rg BT 196.01 597.00 Td (as ) Tj ET Q q 0 0 0 rg BT 206.90 597.00 Td (well ) Tj ET Q q 0 0 0 rg BT 225.57 597.00 Td (as ) Tj ET Q q 0 0 0 rg BT 236.47 597.00 Td (other ) Tj ET Q q 0 0 0 rg BT 259.58 597.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 289.36 597.00 Td (affecting ) Tj ET Q q 0 0 0 rg BT 326.36 597.00 Td (our ) Tj ET Q q 0 0 0 rg BT 342.25 597.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.81 597.00 Td (condition ) Tj ET Q q 0 0 0 rg BT 419.59 597.00 Td (and ) Tj ET Q q 0 0 0 rg BT 436.59 597.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 477.48 597.00 Td (r) Tj ET Q q 0 0 0 rg BT 481.00 597.00 Td (esults, ) Tj ET Q q 0 0 0 rg BT 508.29 597.00 Td (past ) Tj ET Q q 0 0 0 rg BT 526.96 597.00 Td (financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 585.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.53 585.00 Td (should ) Tj ET Q q 0 0 0 rg BT 133.13 585.00 Td (not ) Tj ET Q q 0 0 0 rg BT 148.84 585.00 Td (be ) Tj ET Q q 0 0 0 rg BT 161.21 585.00 Td (consider) Tj ET Q q 0 0 0 rg BT 195.28 585.00 Td (ed ) Tj ET Q q 0 0 0 rg BT 207.65 585.00 Td (to ) Tj ET Q q 0 0 0 rg BT 218.36 585.00 Td (be ) Tj ET Q q 0 0 0 rg BT 230.73 585.00 Td (a ) Tj ET Q q 0 0 0 rg BT 238.67 585.00 Td (r) Tj ET Q q 0 0 0 rg BT 242.19 585.00 Td (eliable ) Tj ET Q q 0 0 0 rg BT 272.33 585.00 Td (indicator ) Tj ET Q q 0 0 0 rg BT 311.93 585.00 Td (of ) Tj ET Q q 0 0 0 rg BT 322.64 585.00 Td (futur) Tj ET Q q 0 0 0 rg BT 341.71 585.00 Td (e ) Tj ET Q q 0 0 0 rg BT 349.08 585.00 Td (performance, ) Tj ET Q q 0 0 0 rg BT 405.62 585.00 Td (and ) Tj ET Q q 0 0 0 rg BT 423.55 585.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 462.59 585.00 Td (should ) Tj ET Q q 0 0 0 rg BT 492.19 585.00 Td (not ) Tj ET Q q 0 0 0 rg BT 507.90 585.00 Td (use ) Tj ET Q q 0 0 0 rg BT 524.16 585.00 Td (historical ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 573.00 Td (tr) Tj ET Q q 0 0 0 rg BT 55.80 573.00 Td (ends ) Tj ET Q q 0 0 0 rg BT 76.63 573.00 Td (to ) Tj ET Q q 0 0 0 rg BT 86.91 573.00 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 129.40 573.00 Td (r) Tj ET Q q 0 0 0 rg BT 132.92 573.00 Td (esults ) Tj ET Q q 0 0 0 rg BT 158.20 573.00 Td (or ) Tj ET Q q 0 0 0 rg BT 169.59 573.00 Td (tr) Tj ET Q q 0 0 0 rg BT 175.89 573.00 Td (ends ) Tj ET Q q 0 0 0 rg BT 196.72 573.00 Td (in ) Tj ET Q q 0 0 0 rg BT 207.00 573.00 Td (futur) Tj ET Q q 0 0 0 rg BT 226.07 573.00 Td (e ) Tj ET Q q 0 0 0 rg BT 233.01 573.00 Td (periods.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 552.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 68.10 552.00 Td (future ) Tj ET Q q 0 0 0 rg BT 95.58 552.00 Td (outages ) Tj ET Q q 0 0 0 rg BT 129.18 552.00 Td (or ) Tj ET Q q 0 0 0 rg BT 139.99 552.00 Td (system ) Tj ET Q q 0 0 0 rg BT 169.14 552.00 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 224.97 552.00 Td (that ) Tj ET Q q 0 0 0 rg BT 243.02 552.00 Td (impair ) Tj ET Q q 0 0 0 rg BT 272.17 552.00 Td (access ) Tj ET Q q 0 0 0 rg BT 300.19 552.00 Td (to ) Tj ET Q q 0 0 0 rg BT 309.90 552.00 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 361.55 552.00 Td (the ) Tj ET Q q 0 0 0 rg BT 376.26 552.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 397.62 552.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 417.88 552.00 Td (Network ) Tj ET Q q 0 0 0 rg BT 454.81 552.00 Td (or ) Tj ET Q q 0 0 0 rg BT 465.62 552.00 Td (our ) Tj ET Q q 0 0 0 rg BT 482.00 552.00 Td (other ) Tj ET Q q 0 0 0 rg BT 505.60 552.00 Td (services ) Tj ET Q q 0 0 0 rg BT 539.73 552.00 Td (could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 540.00 Td (damage ) Tj ET Q q 0 0 0 rg BT 84.22 540.00 Td (our ) Tj ET Q q 0 0 0 rg BT 101.17 540.00 Td (reputation ) Tj ET Q q 0 0 0 rg BT 146.46 540.00 Td (and ) Tj ET Q q 0 0 0 rg BT 164.52 540.00 Td (brand ) Tj ET Q q 0 0 0 rg BT 191.47 540.00 Td (and ) Tj ET Q q 0 0 0 rg BT 209.53 540.00 Td (may ) Tj ET Q q 0 0 0 rg BT 229.25 540.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 283.99 540.00 Td (harm ) Tj ET Q q 0 0 0 rg BT 308.72 540.00 Td (our ) Tj ET Q q 0 0 0 rg BT 325.67 540.00 Td (business ) Tj ET Q q 0 0 0 rg BT 363.19 540.00 Td (and ) Tj ET Q q 0 0 0 rg BT 381.25 540.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 423.20 540.00 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 523.00 Td (The ) Tj ET Q q 0 0 0 rg BT 91.62 523.00 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 140.29 523.00 Td (performance, ) Tj ET Q q 0 0 0 rg BT 195.89 523.00 Td (reliability) Tj ET Q q 0 0 0 rg BT 234.12 523.00 Td (, ) Tj ET Q q 0 0 0 rg BT 239.20 523.00 Td (and ) Tj ET Q q 0 0 0 rg BT 256.21 523.00 Td (availability ) Tj ET Q q 0 0 0 rg BT 303.78 523.00 Td (of ) Tj ET Q q 0 0 0 rg BT 314.68 523.00 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 365.31 523.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.10 523.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 401.56 523.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 421.91 523.00 Td (Network ) Tj ET Q q 0 0 0 rg BT 459.47 523.00 Td (and ) Tj ET Q q 0 0 0 rg BT 476.49 523.00 Td (our ) Tj ET Q q 0 0 0 rg BT 492.40 523.00 Td (other ) Tj ET Q q 0 0 0 rg BT 515.52 523.00 Td (services ) Tj ET Q q 0 0 0 rg BT 550.31 523.00 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 511.00 Td (critical ) Tj ET Q q 0 0 0 rg BT 80.01 511.00 Td (to ) Tj ET Q q 0 0 0 rg BT 90.55 511.00 Td (our ) Tj ET Q q 0 0 0 rg BT 106.63 511.00 Td (reputation ) Tj ET Q q 0 0 0 rg BT 149.93 511.00 Td (and ) Tj ET Q q 0 0 0 rg BT 167.12 511.00 Td (our ) Tj ET Q q 0 0 0 rg BT 183.21 511.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 211.52 511.00 Td (to ) Tj ET Q q 0 0 0 rg BT 222.05 511.00 Td (attract ) Tj ET Q q 0 0 0 rg BT 249.79 511.00 Td (and ) Tj ET Q q 0 0 0 rg BT 266.98 511.00 Td (retain ) Tj ET Q q 0 0 0 rg BT 292.50 511.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 340.80 511.00 Td (users ) Tj ET Q q 0 0 0 rg BT 364.11 511.00 Td (and ) Tj ET Q q 0 0 0 rg BT 381.30 511.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 402.94 511.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 423.46 511.00 Td (Network ) Tj ET Q q 0 0 0 rg BT 461.21 511.00 Td (participants. ) Tj ET Q q 0 0 0 rg BT 513.12 511.00 Td (Because ) Tj ET Q q 0 0 0 rg BT 549.19 511.00 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.00 Td (services ) Tj ET Q q 0 0 0 rg BT 83.85 499.00 Td (are ) Tj ET Q q 0 0 0 rg BT 98.19 499.00 Td (complex ) Tj ET Q q 0 0 0 rg BT 134.77 499.00 Td (and ) Tj ET Q q 0 0 0 rg BT 151.35 499.00 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 199.02 499.00 Td (a ) Tj ET Q q 0 0 0 rg BT 205.60 499.00 Td (variety ) Tj ET Q q 0 0 0 rg BT 235.50 499.00 Td (of ) Tj ET Q q 0 0 0 rg BT 245.97 499.00 Td (hardware ) Tj ET Q q 0 0 0 rg BT 285.31 499.00 Td (and ) Tj ET Q q 0 0 0 rg BT 301.89 499.00 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 348.45 499.00 Td (and ) Tj ET Q q 0 0 0 rg BT 365.03 499.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 409.93 499.00 Td (software, ) Tj ET Q q 0 0 0 rg BT 449.00 499.00 Td (our ) Tj ET Q q 0 0 0 rg BT 464.47 499.00 Td (services ) Tj ET Q q 0 0 0 rg BT 498.82 499.00 Td (may ) Tj ET Q q 0 0 0 rg BT 518.18 499.00 Td (have ) Tj ET Q q 0 0 0 rg BT 539.19 499.00 Td (errors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.00 Td (or ) Tj ET Q q 0 0 0 rg BT 60.76 487.00 Td (defects ) Tj ET Q q 0 0 0 rg BT 92.01 487.00 Td (that ) Tj ET Q q 0 0 0 rg BT 109.94 487.00 Td (could ) Tj ET Q q 0 0 0 rg BT 135.10 487.00 Td (result ) Tj ET Q q 0 0 0 rg BT 160.25 487.00 Td (in ) Tj ET Q q 0 0 0 rg BT 170.96 487.00 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 227.76 487.00 Td (downtime ) Tj ET Q q 0 0 0 rg BT 270.69 487.00 Td (for ) Tj ET Q q 0 0 0 rg BT 285.29 487.00 Td (our ) Tj ET Q q 0 0 0 rg BT 301.55 487.00 Td (customers. ) Tj ET Q q 0 0 0 rg BT 347.53 487.00 Td (Internet-based ) Tj ET Q q 0 0 0 rg BT 407.66 487.00 Td (services ) Tj ET Q q 0 0 0 rg BT 442.80 487.00 Td (frequently ) Tj ET Q q 0 0 0 rg BT 486.83 487.00 Td (contain ) Tj ET Q q 0 0 0 rg BT 519.20 487.00 Td (undetected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.00 Td (errors ) Tj ET Q q 0 0 0 rg BT 75.10 475.00 Td (when ) Tj ET Q q 0 0 0 rg BT 99.04 475.00 Td (first ) Tj ET Q q 0 0 0 rg BT 117.43 475.00 Td (introduced ) Tj ET Q q 0 0 0 rg BT 162.48 475.00 Td (or ) Tj ET Q q 0 0 0 rg BT 173.09 475.00 Td (when ) Tj ET Q q 0 0 0 rg BT 197.03 475.00 Td (new ) Tj ET Q q 0 0 0 rg BT 215.98 475.00 Td (versions ) Tj ET Q q 0 0 0 rg BT 251.59 475.00 Td (or ) Tj ET Q q 0 0 0 rg BT 262.20 475.00 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 321.12 475.00 Td (are ) Tj ET Q q 0 0 0 rg BT 335.61 475.00 Td (released, ) Tj ET Q q 0 0 0 rg BT 373.15 475.00 Td (and ) Tj ET Q q 0 0 0 rg BT 389.87 475.00 Td (we ) Tj ET Q q 0 0 0 rg BT 403.81 475.00 Td (have ) Tj ET Q q 0 0 0 rg BT 424.97 475.00 Td (from ) Tj ET Q q 0 0 0 rg BT 446.69 475.00 Td (time ) Tj ET Q q 0 0 0 rg BT 466.74 475.00 Td (to ) Tj ET Q q 0 0 0 rg BT 476.80 475.00 Td (time ) Tj ET Q q 0 0 0 rg BT 496.86 475.00 Td (found ) Tj ET Q q 0 0 0 rg BT 522.47 475.00 Td (errors ) Tj ET Q q 0 0 0 rg BT 548.07 475.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.00 Td (defects ) Tj ET Q q 0 0 0 rg BT 80.32 463.00 Td (in ) Tj ET Q q 0 0 0 rg BT 90.59 463.00 Td (our ) Tj ET Q q 0 0 0 rg BT 106.42 463.00 Td (services ) Tj ET Q q 0 0 0 rg BT 141.13 463.00 Td (and ) Tj ET Q q 0 0 0 rg BT 158.07 463.00 Td (new ) Tj ET Q q 0 0 0 rg BT 177.23 463.00 Td (errors ) Tj ET Q q 0 0 0 rg BT 203.05 463.00 Td (and ) Tj ET Q q 0 0 0 rg BT 219.99 463.00 Td (defects ) Tj ET Q q 0 0 0 rg BT 250.80 463.00 Td (in ) Tj ET Q q 0 0 0 rg BT 261.08 463.00 Td (our ) Tj ET Q q 0 0 0 rg BT 276.91 463.00 Td (services ) Tj ET Q q 0 0 0 rg BT 311.62 463.00 Td (may ) Tj ET Q q 0 0 0 rg BT 331.34 463.00 Td (be ) Tj ET Q q 0 0 0 rg BT 343.27 463.00 Td (detected ) Tj ET Q q 0 0 0 rg BT 379.08 463.00 Td (in ) Tj ET Q q 0 0 0 rg BT 389.36 463.00 Td (the ) Tj ET Q q 0 0 0 rg BT 404.08 463.00 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 446.00 Td (Moreover) Tj ET Q q 0 0 0 rg BT 112.53 446.00 Td (, ) Tj ET Q q 0 0 0 rg BT 117.02 446.00 Td (we ) Tj ET Q q 0 0 0 rg BT 130.66 446.00 Td (have ) Tj ET Q q 0 0 0 rg BT 151.53 446.00 Td (experienced ) Tj ET Q q 0 0 0 rg BT 201.82 446.00 Td (and ) Tj ET Q q 0 0 0 rg BT 218.24 446.00 Td (may ) Tj ET Q q 0 0 0 rg BT 237.45 446.00 Td (in ) Tj ET Q q 0 0 0 rg BT 247.21 446.00 Td (the ) Tj ET Q q 0 0 0 rg BT 261.42 446.00 Td (future ) Tj ET Q q 0 0 0 rg BT 287.28 446.00 Td (continue ) Tj ET Q q 0 0 0 rg BT 323.70 446.00 Td (to ) Tj ET Q q 0 0 0 rg BT 333.47 446.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 378.75 446.00 Td (temporary ) Tj ET Q q 0 0 0 rg BT 421.83 446.00 Td (system ) Tj ET Q q 0 0 0 rg BT 451.60 446.00 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 504.69 446.00 Td (to ) Tj ET Q q 0 0 0 rg BT 514.46 446.00 Td (Encompass, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.31 434.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 85.79 434.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 106.15 434.00 Td (Network, ) Tj ET Q q 0 0 0 rg BT 146.23 434.00 Td (or ) Tj ET Q q 0 0 0 rg BT 157.16 434.00 Td (our ) Tj ET Q q 0 0 0 rg BT 173.08 434.00 Td (other ) Tj ET Q q 0 0 0 rg BT 196.22 434.00 Td (services ) Tj ET Q q 0 0 0 rg BT 231.03 434.00 Td (for ) Tj ET Q q 0 0 0 rg BT 245.28 434.00 Td (a ) Tj ET Q q 0 0 0 rg BT 252.31 434.00 Td (variety ) Tj ET Q q 0 0 0 rg BT 282.67 434.00 Td (of ) Tj ET Q q 0 0 0 rg BT 293.59 434.00 Td (other ) Tj ET Q q 0 0 0 rg BT 316.74 434.00 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 351.82 434.00 Td (including ) Tj ET Q q 0 0 0 rg BT 392.19 434.00 Td (network ) Tj ET Q q 0 0 0 rg BT 427.55 434.00 Td (failures, ) Tj ET Q q 0 0 0 rg BT 462.63 434.00 Td (power ) Tj ET Q q 0 0 0 rg BT 490.21 434.00 Td (failures, ) Tj ET Q q 0 0 0 rg BT 525.29 434.00 Td (problems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.00 Td (with ) Tj ET Q q 0 0 0 rg BT 70.71 422.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 119.69 422.00 Td (and ) Tj ET Q q 0 0 0 rg BT 137.56 422.00 Td (other ) Tj ET Q q 0 0 0 rg BT 161.54 422.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 207.73 422.00 Td (firmware ) Tj ET Q q 0 0 0 rg BT 247.81 422.00 Td (updates, ) Tj ET Q q 0 0 0 rg BT 284.29 422.00 Td (as ) Tj ET Q q 0 0 0 rg BT 296.05 422.00 Td (well ) Tj ET Q q 0 0 0 rg BT 316.70 422.00 Td (as ) Tj ET Q q 0 0 0 rg BT 328.46 422.00 Td (an ) Tj ET Q q 0 0 0 rg BT 341.33 422.00 Td (overwhelming ) Tj ET Q q 0 0 0 rg BT 402.53 422.00 Td (number ) Tj ET Q q 0 0 0 rg BT 436.50 422.00 Td (of ) Tj ET Q q 0 0 0 rg BT 448.27 422.00 Td (users ) Tj ET Q q 0 0 0 rg BT 472.25 422.00 Td (or ) Tj ET Q q 0 0 0 rg BT 484.01 422.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 506.32 422.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.52 422.00 Td (Network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.00 Td (participants ) Tj ET Q q 0 0 0 rg BT 98.59 410.00 Td (trying ) Tj ET Q q 0 0 0 rg BT 124.91 410.00 Td (to ) Tj ET Q q 0 0 0 rg BT 135.12 410.00 Td (access ) Tj ET Q q 0 0 0 rg BT 163.09 410.00 Td (our ) Tj ET Q q 0 0 0 rg BT 178.86 410.00 Td (services ) Tj ET Q q 0 0 0 rg BT 213.50 410.00 Td (during ) Tj ET Q q 0 0 0 rg BT 242.05 410.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 273.92 410.00 Td (of ) Tj ET Q q 0 0 0 rg BT 284.69 410.00 Td (strong ) Tj ET Q q 0 0 0 rg BT 312.12 410.00 Td (demand. ) Tj ET Q q 0 0 0 rg BT 348.71 410.00 Td (In ) Tj ET Q q 0 0 0 rg BT 359.48 410.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 397.19 410.00 Td (our ) Tj ET Q q 0 0 0 rg BT 412.95 410.00 Td (services ) Tj ET Q q 0 0 0 rg BT 447.60 410.00 Td (may ) Tj ET Q q 0 0 0 rg BT 467.25 410.00 Td (be ) Tj ET Q q 0 0 0 rg BT 479.12 410.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 509.88 410.00 Td (to ) Tj ET Q q 0 0 0 rg BT 520.10 410.00 Td (security ) Tj ET Q q 0 0 0 rg BT 554.19 410.00 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.00 Td (denial ) Tj ET Q q 0 0 0 rg BT 76.61 398.00 Td (of ) Tj ET Q q 0 0 0 rg BT 87.63 398.00 Td (services ) Tj ET Q q 0 0 0 rg BT 122.51 398.00 Td (attacks ) Tj ET Q q 0 0 0 rg BT 152.96 398.00 Td (which ) Tj ET Q q 0 0 0 rg BT 180.08 398.00 Td (result ) Tj ET Q q 0 0 0 rg BT 204.97 398.00 Td (in ) Tj ET Q q 0 0 0 rg BT 215.43 398.00 Td (service ) Tj ET Q q 0 0 0 rg BT 246.43 398.00 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 300.21 398.00 Td (or ) Tj ET Q q 0 0 0 rg BT 311.22 398.00 Td (our ) Tj ET Q q 0 0 0 rg BT 327.23 398.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 370.46 398.00 Td (may ) Tj ET Q q 0 0 0 rg BT 390.36 398.00 Td (use ) Tj ET Q q 0 0 0 rg BT 406.37 398.00 Td (our ) Tj ET Q q 0 0 0 rg BT 422.38 398.00 Td (services ) Tj ET Q q 0 0 0 rg BT 457.27 398.00 Td (in ) Tj ET Q q 0 0 0 rg BT 467.73 398.00 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 524.28 398.00 Td (ways ) Tj ET Q q 0 0 0 rg BT 547.51 398.00 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.00 Td (may ) Tj ET Q q 0 0 0 rg BT 68.71 386.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 92.91 386.00 Td (a ) Tj ET Q q 0 0 0 rg BT 99.34 386.00 Td (disruption ) Tj ET Q q 0 0 0 rg BT 141.88 386.00 Td (in ) Tj ET Q q 0 0 0 rg BT 151.65 386.00 Td (services ) Tj ET Q q 0 0 0 rg BT 185.85 386.00 Td (for ) Tj ET Q q 0 0 0 rg BT 199.50 386.00 Td (other ) Tj ET Q q 0 0 0 rg BT 222.04 386.00 Td (customers. ) Tj ET Q q 0 0 0 rg BT 267.08 386.00 Td (Since ) Tj ET Q q 0 0 0 rg BT 291.29 386.00 Td (our ) Tj ET Q q 0 0 0 rg BT 306.61 386.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 349.15 386.00 Td (use ) Tj ET Q q 0 0 0 rg BT 364.47 386.00 Td (our ) Tj ET Q q 0 0 0 rg BT 379.79 386.00 Td (service ) Tj ET Q q 0 0 0 rg BT 410.10 386.00 Td (for ) Tj ET Q q 0 0 0 rg BT 423.75 386.00 Td (important ) Tj ET Q q 0 0 0 rg BT 464.62 386.00 Td (aspects ) Tj ET Q q 0 0 0 rg BT 495.49 386.00 Td (of ) Tj ET Q q 0 0 0 rg BT 505.81 386.00 Td (their ) Tj ET Q q 0 0 0 rg BT 526.13 386.00 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.00 Td (any ) Tj ET Q q 0 0 0 rg BT 65.52 374.00 Td (errors, ) Tj ET Q q 0 0 0 rg BT 92.93 374.00 Td (defects, ) Tj ET Q q 0 0 0 rg BT 125.33 374.00 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 171.37 374.00 Td (in ) Tj ET Q q 0 0 0 rg BT 180.73 374.00 Td (service ) Tj ET Q q 0 0 0 rg BT 210.63 374.00 Td (or ) Tj ET Q q 0 0 0 rg BT 220.55 374.00 Td (other ) Tj ET Q q 0 0 0 rg BT 242.68 374.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 294.79 374.00 Td (problems ) Tj ET Q q 0 0 0 rg BT 333.59 374.00 Td (could ) Tj ET Q q 0 0 0 rg BT 357.39 374.00 Td (result ) Tj ET Q q 0 0 0 rg BT 381.20 374.00 Td (in ) Tj ET Q q 0 0 0 rg BT 390.56 374.00 Td (negative ) Tj ET Q q 0 0 0 rg BT 426.02 374.00 Td (publicity) Tj ET Q q 0 0 0 rg BT 460.92 374.00 Td (, ) Tj ET Q q 0 0 0 rg BT 465.01 374.00 Td (damage ) Tj ET Q q 0 0 0 rg BT 497.69 374.00 Td (to ) Tj ET Q q 0 0 0 rg BT 507.05 374.00 Td (our ) Tj ET Q q 0 0 0 rg BT 521.97 374.00 Td (reputation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.00 Td (and ) Tj ET Q q 0 0 0 rg BT 65.71 362.00 Td (brand, ) Tj ET Q q 0 0 0 rg BT 92.76 362.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 121.18 362.00 Td (our ) Tj ET Q q 0 0 0 rg BT 136.28 362.00 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 172.20 362.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 206.73 362.00 Td (our ) Tj ET Q q 0 0 0 rg BT 221.84 362.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 261.38 362.00 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 301.75 362.00 Td (negatively ) Tj ET Q q 0 0 0 rg BT 345.17 362.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 374.16 362.00 Td (our ) Tj ET Q q 0 0 0 rg BT 389.27 362.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 416.59 362.00 Td (to ) Tj ET Q q 0 0 0 rg BT 426.15 362.00 Td (run ) Tj ET Q q 0 0 0 rg BT 441.25 362.00 Td (our ) Tj ET Q q 0 0 0 rg BT 456.36 362.00 Td (business, ) Tj ET Q q 0 0 0 rg BT 494.52 362.00 Td (hinder ) Tj ET Q q 0 0 0 rg BT 521.84 362.00 Td (our ) Tj ET Q q 0 0 0 rg BT 536.95 362.00 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.00 Td (to ) Tj ET Q q 0 0 0 rg BT 59.87 350.00 Td (enroll ) Tj ET Q q 0 0 0 rg BT 85.78 350.00 Td (new ) Tj ET Q q 0 0 0 rg BT 105.03 350.00 Td (customers, ) Tj ET Q q 0 0 0 rg BT 150.66 350.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 175.46 350.00 Td (us ) Tj ET Q q 0 0 0 rg BT 186.94 350.00 Td (to ) Tj ET Q q 0 0 0 rg BT 197.30 350.00 Td (incur ) Tj ET Q q 0 0 0 rg BT 220.44 350.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 242.46 350.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 276.16 350.00 Td (or ) Tj ET Q q 0 0 0 rg BT 287.07 350.00 Td (issue ) Tj ET Q q 0 0 0 rg BT 309.66 350.00 Td (refunds ) Tj ET Q q 0 0 0 rg BT 342.24 350.00 Td (or ) Tj ET Q q 0 0 0 rg BT 353.16 350.00 Td (service ) Tj ET Q q 0 0 0 rg BT 384.06 350.00 Td (credits ) Tj ET Q q 0 0 0 rg BT 413.30 350.00 Td (to ) Tj ET Q q 0 0 0 rg BT 423.67 350.00 Td (our ) Tj ET Q q 0 0 0 rg BT 439.59 350.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 482.72 350.00 Td (and ) Tj ET Q q 0 0 0 rg BT 499.75 350.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 524.54 350.00 Td (us ) Tj ET Q q 0 0 0 rg BT 536.02 350.00 Td (to ) Tj ET Q q 0 0 0 rg BT 546.39 350.00 Td (lose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.00 Td (current ) Tj ET Q q 0 0 0 rg BT 80.32 338.00 Td (customers, ) Tj ET Q q 0 0 0 rg BT 125.86 338.00 Td (all ) Tj ET Q q 0 0 0 rg BT 138.36 338.00 Td (of ) Tj ET Q q 0 0 0 rg BT 149.19 338.00 Td (which ) Tj ET Q q 0 0 0 rg BT 176.13 338.00 Td (could ) Tj ET Q q 0 0 0 rg BT 200.84 338.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 253.89 338.00 Td (harm ) Tj ET Q q 0 0 0 rg BT 276.94 338.00 Td (our ) Tj ET Q q 0 0 0 rg BT 292.77 338.00 Td (business ) Tj ET Q q 0 0 0 rg BT 329.16 338.00 Td (and ) Tj ET Q q 0 0 0 rg BT 346.10 338.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 386.37 338.00 Td (results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 321.00 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 321.00 Td (e ) Tj ET Q q 0 0 0 rg BT 89.74 321.00 Td (utilize ) Tj ET Q q 0 0 0 rg BT 117.89 321.00 Td (a ) Tj ET Q q 0 0 0 rg BT 125.49 321.00 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 154.76 321.00 Td (cloud ) Tj ET Q q 0 0 0 rg BT 180.14 321.00 Td (approach ) Tj ET Q q 0 0 0 rg BT 219.95 321.00 Td (to ) Tj ET Q q 0 0 0 rg BT 230.89 321.00 Td (our ) Tj ET Q q 0 0 0 rg BT 247.38 321.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 293.30 321.00 Td (data ) Tj ET Q q 0 0 0 rg BT 313.12 321.00 Td (centers ) Tj ET Q q 0 0 0 rg BT 344.60 321.00 Td (consisting ) Tj ET Q q 0 0 0 rg BT 388.31 321.00 Td (of ) Tj ET Q q 0 0 0 rg BT 399.81 321.00 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 412.41 321.00 Td (two ) Tj ET Q q 0 0 0 rg BT 430.57 321.00 Td (primary ) Tj ET Q q 0 0 0 rg BT 465.38 321.00 Td (production ) Tj ET Q q 0 0 0 rg BT 511.87 321.00 Td (data ) Tj ET Q q 0 0 0 rg BT 531.69 321.00 Td (centers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.00 Td (located ) Tj ET Q q 0 0 0 rg BT 80.45 309.00 Td (in ) Tj ET Q q 0 0 0 rg BT 90.30 309.00 Td (Santa ) Tj ET Q q 0 0 0 rg BT 114.60 309.00 Td (Clara, ) Tj ET Q q 0 0 0 rg BT 140.83 309.00 Td (California, ) Tj ET Q q 0 0 0 rg BT 185.95 309.00 Td (and ) Tj ET Q q 0 0 0 rg BT 202.46 309.00 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 240.36 309.00 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 273.28 309.00 Td (which ) Tj ET Q q 0 0 0 rg BT 299.79 309.00 Td (are ) Tj ET Q q 0 0 0 rg BT 314.08 309.00 Td (each ) Tj ET Q q 0 0 0 rg BT 334.47 309.00 Td (hosted ) Tj ET Q q 0 0 0 rg BT 362.65 309.00 Td (by ) Tj ET Q q 0 0 0 rg BT 374.73 309.00 Td (a ) Tj ET Q q 0 0 0 rg BT 381.24 309.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 426.08 309.00 Td (service ) Tj ET Q q 0 0 0 rg BT 456.48 309.00 Td (provider ) Tj ET Q q 0 0 0 rg BT 492.43 309.00 Td (and ) Tj ET Q q 0 0 0 rg BT 508.95 309.00 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 523.24 309.00 Td (a ) Tj ET Q q 0 0 0 rg BT 529.75 309.00 Td (network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.70 297.00 Td (Amazon ) Tj ET Q q 0 0 0 rg BT 98.00 297.00 Td (W) Tj ET Q q 0 0 0 rg BT 106.64 297.00 Td (eb ) Tj ET Q q 0 0 0 rg BT 119.76 297.00 Td (Services ) Tj ET Q q 0 0 0 rg BT 157.32 297.00 Td (\(A) Tj ET Q q 0 0 0 rg BT 171.51 297.00 Td (WS\) ) Tj ET Q q 0 0 0 rg BT 197.97 297.00 Td (data ) Tj ET Q q 0 0 0 rg BT 218.31 297.00 Td (centers ) Tj ET Q q 0 0 0 rg BT 250.31 297.00 Td (which ) Tj ET Q q 0 0 0 rg BT 278.43 297.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 316.56 297.00 Td (a ) Tj ET Q q 0 0 0 rg BT 324.68 297.00 Td (distributed ) Tj ET Q q 0 0 0 rg BT 371.14 297.00 Td (computing ) Tj ET Q q 0 0 0 rg BT 417.60 297.00 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 475.15 297.00 Td (platform ) Tj ET Q q 0 0 0 rg BT 513.26 297.00 Td (for ) Tj ET Q q 0 0 0 rg BT 528.61 297.00 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.00 Td (operations. ) Tj ET Q q 0 0 0 rg BT 95.77 285.00 Td (W) Tj ET Q q 0 0 0 rg BT 104.41 285.00 Td (e ) Tj ET Q q 0 0 0 rg BT 111.13 285.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 148.41 285.00 Td (regular ) Tj ET Q q 0 0 0 rg BT 179.01 285.00 Td (oversight ) Tj ET Q q 0 0 0 rg BT 218.51 285.00 Td (but ) Tj ET Q q 0 0 0 rg BT 233.57 285.00 Td (have ) Tj ET Q q 0 0 0 rg BT 254.73 285.00 Td (little ) Tj ET Q q 0 0 0 rg BT 275.35 285.00 Td (direct ) Tj ET Q q 0 0 0 rg BT 300.40 285.00 Td (control ) Tj ET Q q 0 0 0 rg BT 331.00 285.00 Td (over ) Tj ET Q q 0 0 0 rg BT 351.06 285.00 Td (our ) Tj ET Q q 0 0 0 rg BT 366.67 285.00 Td (two ) Tj ET Q q 0 0 0 rg BT 383.96 285.00 Td (primary ) Tj ET Q q 0 0 0 rg BT 417.90 285.00 Td (data ) Tj ET Q q 0 0 0 rg BT 436.83 285.00 Td (centers. ) Tj ET Q q 0 0 0 rg BT 469.93 285.00 Td (In ) Tj ET Q q 0 0 0 rg BT 480.55 285.00 Td (the ) Tj ET Q q 0 0 0 rg BT 495.05 285.00 Td (case ) Tj ET Q q 0 0 0 rg BT 514.54 285.00 Td (of ) Tj ET Q q 0 0 0 rg BT 524.65 285.00 Td (A) Tj ET Q q 0 0 0 rg BT 531.07 285.00 Td (WS, ) Tj ET Q q 0 0 0 rg BT 550.86 285.00 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.00 Td (do ) Tj ET Q q 0 0 0 rg BT 61.81 273.00 Td (not ) Tj ET Q q 0 0 0 rg BT 76.89 273.00 Td (control ) Tj ET Q q 0 0 0 rg BT 107.52 273.00 Td (any ) Tj ET Q q 0 0 0 rg BT 124.27 273.00 Td (aspects ) Tj ET Q q 0 0 0 rg BT 155.45 273.00 Td (of ) Tj ET Q q 0 0 0 rg BT 166.09 273.00 Td (the ) Tj ET Q q 0 0 0 rg BT 180.10 273.00 Td (A) Tj ET Q q 0 0 0 rg BT 186.52 273.00 Td (WS ) Tj ET Q q 0 0 0 rg BT 203.83 273.00 Td (data ) Tj ET Q q 0 0 0 rg BT 222.79 273.00 Td (center ) Tj ET Q q 0 0 0 rg BT 249.52 273.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 293.48 273.00 Td (and ) Tj ET Q q 0 0 0 rg BT 310.22 273.00 Td (do ) Tj ET Q q 0 0 0 rg BT 322.53 273.00 Td (not ) Tj ET Q q 0 0 0 rg BT 337.61 273.00 Td (own ) Tj ET Q q 0 0 0 rg BT 357.14 273.00 Td (any ) Tj ET Q q 0 0 0 rg BT 373.89 273.00 Td (of ) Tj ET Q q 0 0 0 rg BT 384.52 273.00 Td (the ) Tj ET Q q 0 0 0 rg BT 399.05 273.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 444.68 273.00 Td (computing ) Tj ET Q q 0 0 0 rg BT 489.76 273.00 Td (hardware. ) Tj ET Q q 0 0 0 rg BT 531.59 273.00 Td (W) Tj ET Q q 0 0 0 rg BT 540.23 273.00 Td (e ) Tj ET Q q 0 0 0 rg BT 546.98 273.00 Td (rely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.00 Td (on ) Tj ET Q q 0 0 0 rg BT 62.94 261.00 Td (these ) Tj ET Q q 0 0 0 rg BT 86.93 261.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 133.14 261.00 Td (service ) Tj ET Q q 0 0 0 rg BT 164.90 261.00 Td (providers ) Tj ET Q q 0 0 0 rg BT 206.11 261.00 Td (to ) Tj ET Q q 0 0 0 rg BT 217.33 261.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 251.32 261.00 Td (continuous ) Tj ET Q q 0 0 0 rg BT 298.65 261.00 Td (and ) Tj ET Q q 0 0 0 rg BT 316.53 261.00 Td (uninterrupted ) Tj ET Q q 0 0 0 rg BT 373.84 261.00 Td (access ) Tj ET Q q 0 0 0 rg BT 402.82 261.00 Td (to ) Tj ET Q q 0 0 0 rg BT 414.04 261.00 Td (our ) Tj ET Q q 0 0 0 rg BT 430.81 261.00 Td (products ) Tj ET Q q 0 0 0 rg BT 468.69 261.00 Td (and ) Tj ET Q q 0 0 0 rg BT 486.58 261.00 Td (services, ) Tj ET Q q 0 0 0 rg BT 524.72 261.00 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.13 249.00 Td (and ) Tj ET Q q 0 0 0 rg BT 113.66 249.00 Td (the ) Tj ET Q q 0 0 0 rg BT 127.96 249.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 148.93 249.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 168.78 249.00 Td (Network. ) Tj ET Q q 0 0 0 rg BT 208.36 249.00 Td (If ) Tj ET Q q 0 0 0 rg BT 217.11 249.00 Td (for ) Tj ET Q q 0 0 0 rg BT 230.85 249.00 Td (any ) Tj ET Q q 0 0 0 rg BT 247.38 249.00 Td (reason ) Tj ET Q q 0 0 0 rg BT 275.56 249.00 Td (our ) Tj ET Q q 0 0 0 rg BT 290.98 249.00 Td (relationship ) Tj ET Q q 0 0 0 rg BT 340.28 249.00 Td (with ) Tj ET Q q 0 0 0 rg BT 360.14 249.00 Td (any ) Tj ET Q q 0 0 0 rg BT 376.67 249.00 Td (of ) Tj ET Q q 0 0 0 rg BT 387.09 249.00 Td (these ) Tj ET Q q 0 0 0 rg BT 409.72 249.00 Td (third ) Tj ET Q q 0 0 0 rg BT 430.69 249.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 459.43 249.00 Td (were ) Tj ET Q q 0 0 0 rg BT 480.95 249.00 Td (to ) Tj ET Q q 0 0 0 rg BT 490.81 249.00 Td (end ) Tj ET Q q 0 0 0 rg BT 507.34 249.00 Td (unexpectedly) Tj ET Q q 0 0 0 rg BT 560.00 249.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.00 Td (it ) Tj ET Q q 0 0 0 rg BT 57.85 237.00 Td (could ) Tj ET Q q 0 0 0 rg BT 82.87 237.00 Td (require ) Tj ET Q q 0 0 0 rg BT 113.98 237.00 Td (a ) Tj ET Q q 0 0 0 rg BT 121.21 237.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 166.22 237.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 199.02 237.00 Td (of ) Tj ET Q q 0 0 0 rg BT 210.14 237.00 Td (time ) Tj ET Q q 0 0 0 rg BT 230.71 237.00 Td (to ) Tj ET Q q 0 0 0 rg BT 241.29 237.00 Td (transition ) Tj ET Q q 0 0 0 rg BT 281.86 237.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.87 237.00 Td (hosting ) Tj ET Q q 0 0 0 rg BT 329.12 237.00 Td (of ) Tj ET Q q 0 0 0 rg BT 340.24 237.00 Td (our ) Tj ET Q q 0 0 0 rg BT 356.37 237.00 Td (computing ) Tj ET Q q 0 0 0 rg BT 401.94 237.00 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 458.60 237.00 Td (to ) Tj ET Q q 0 0 0 rg BT 469.18 237.00 Td (new ) Tj ET Q q 0 0 0 rg BT 488.63 237.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 534.19 237.00 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.00 Td (providers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 208.00 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 208.00 Td (e ) Tj ET Q q 0 0 0 rg BT 87.96 208.00 Td (are ) Tj ET Q q 0 0 0 rg BT 101.54 208.00 Td (also ) Tj ET Q q 0 0 0 rg BT 119.03 208.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 148.74 208.00 Td (to ) Tj ET Q q 0 0 0 rg BT 157.90 208.00 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 210.38 208.00 Td (beyond ) Tj ET Q q 0 0 0 rg BT 241.20 208.00 Td (our ) Tj ET Q q 0 0 0 rg BT 255.91 208.00 Td (and ) Tj ET Q q 0 0 0 rg BT 271.73 208.00 Td (our ) Tj ET Q q 0 0 0 rg BT 286.44 208.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 330.59 208.00 Td (service ) Tj ET Q q 0 0 0 rg BT 360.29 208.00 Td (providers) Tj ET Q q 0 0 0 rg BT 400.64 208.00 Td ( ) Tj ET Q q 0 0 0 rg BT 402.02 208.00 Td (control, ) Tj ET Q q 0 0 0 rg BT 434.23 208.00 Td (such ) Tj ET Q q 0 0 0 rg BT 453.94 208.00 Td (as ) Tj ET Q q 0 0 0 rg BT 463.65 208.00 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 509.48 208.00 Td (or ) Tj ET Q q 0 0 0 rg BT 519.19 208.00 Td (congestion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.00 Td (in ) Tj ET Q q 0 0 0 rg BT 58.89 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 72.72 196.00 Td (portions ) Tj ET Q q 0 0 0 rg BT 107.10 196.00 Td (of ) Tj ET Q q 0 0 0 rg BT 117.04 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.87 196.00 Td (Internet ) Tj ET Q q 0 0 0 rg BT 163.58 196.00 Td (linking ) Tj ET Q q 0 0 0 rg BT 193.52 196.00 Td (us ) Tj ET Q q 0 0 0 rg BT 204.02 196.00 Td (to ) Tj ET Q q 0 0 0 rg BT 213.41 196.00 Td (our ) Tj ET Q q 0 0 0 rg BT 228.35 196.00 Td (customers. ) Tj ET Q q 0 0 0 rg BT 272.89 196.00 Td (W) Tj ET Q q 0 0 0 rg BT 281.53 196.00 Td (e ) Tj ET Q q 0 0 0 rg BT 287.58 196.00 Td (are ) Tj ET Q q 0 0 0 rg BT 301.40 196.00 Td (dependent ) Tj ET Q q 0 0 0 rg BT 344.10 196.00 Td (on ) Tj ET Q q 0 0 0 rg BT 355.71 196.00 Td (third ) Tj ET Q q 0 0 0 rg BT 376.21 196.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 404.47 196.00 Td (for ) Tj ET Q q 0 0 0 rg BT 417.74 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 431.57 196.00 Td (implementation ) Tj ET Q q 0 0 0 rg BT 495.95 196.00 Td (and ) Tj ET Q q 0 0 0 rg BT 511.99 196.00 Td (maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 184.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.24 184.00 Td (aspects ) Tj ET Q q 0 0 0 rg BT 121.72 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 132.66 184.00 Td (our ) Tj ET Q q 0 0 0 rg BT 148.59 184.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 182.87 184.00 Td (and ) Tj ET Q q 0 0 0 rg BT 199.91 184.00 Td (because ) Tj ET Q q 0 0 0 rg BT 234.16 184.00 Td (some ) Tj ET Q q 0 0 0 rg BT 257.88 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 268.81 184.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.63 184.00 Td (causes ) Tj ET Q q 0 0 0 rg BT 312.34 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 323.27 184.00 Td (system ) Tj ET Q q 0 0 0 rg BT 353.66 184.00 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 407.36 184.00 Td (may ) Tj ET Q q 0 0 0 rg BT 427.19 184.00 Td (be ) Tj ET Q q 0 0 0 rg BT 439.23 184.00 Td (outside ) Tj ET Q q 0 0 0 rg BT 470.72 184.00 Td (of ) Tj ET Q q 0 0 0 rg BT 481.66 184.00 Td (our ) Tj ET Q q 0 0 0 rg BT 497.59 184.00 Td (control, ) Tj ET Q q 0 0 0 rg BT 531.02 184.00 Td (we ) Tj ET Q q 0 0 0 rg BT 545.29 184.00 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.00 Td (not ) Tj ET Q q 0 0 0 rg BT 65.03 172.00 Td (be ) Tj ET Q q 0 0 0 rg BT 77.23 172.00 Td (able ) Tj ET Q q 0 0 0 rg BT 96.64 172.00 Td (to ) Tj ET Q q 0 0 0 rg BT 107.18 172.00 Td (remedy ) Tj ET Q q 0 0 0 rg BT 139.92 172.00 Td (such ) Tj ET Q q 0 0 0 rg BT 161.00 172.00 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 214.86 172.00 Td (in ) Tj ET Q q 0 0 0 rg BT 225.40 172.00 Td (a ) Tj ET Q q 0 0 0 rg BT 232.59 172.00 Td (timely ) Tj ET Q q 0 0 0 rg BT 260.90 172.00 Td (manner) Tj ET Q q 0 0 0 rg BT 290.33 172.00 Td (. ) Tj ET Q q 0 0 0 rg BT 295.39 172.00 Td (These ) Tj ET Q q 0 0 0 rg BT 322.03 172.00 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 375.89 172.00 Td (may ) Tj ET Q q 0 0 0 rg BT 395.86 172.00 Td (af) Tj ET Q q 0 0 0 rg BT 403.45 172.00 Td (fect ) Tj ET Q q 0 0 0 rg BT 421.19 172.00 Td (our ) Tj ET Q q 0 0 0 rg BT 437.27 172.00 Td (customers) Tj ET Q q 0 0 0 rg BT 480.41 172.00 Td ( ) Tj ET Q q 0 0 0 rg BT 483.17 172.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 529.22 172.00 Td (or ) Tj ET Q q 0 0 0 rg BT 540.31 172.00 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.00 Td (us ) Tj ET Q q 0 0 0 rg BT 60.89 160.00 Td (to ) Tj ET Q q 0 0 0 rg BT 71.17 160.00 Td (lose ) Tj ET Q q 0 0 0 rg BT 89.78 160.00 Td (customers, ) Tj ET Q q 0 0 0 rg BT 135.33 160.00 Td (and ) Tj ET Q q 0 0 0 rg BT 152.26 160.00 Td (may ) Tj ET Q q 0 0 0 rg BT 171.98 160.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 215.02 160.00 Td (harm ) Tj ET Q q 0 0 0 rg BT 238.06 160.00 Td (our ) Tj ET Q q 0 0 0 rg BT 253.89 160.00 Td (reputation ) Tj ET Q q 0 0 0 rg BT 296.94 160.00 Td (and ) Tj ET Q q 0 0 0 rg BT 313.88 160.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 354.14 160.00 Td (results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 139.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.27 139.00 Td (failure ) Tj ET Q q 0 0 0 rg BT 98.14 139.00 Td (to ) Tj ET Q q 0 0 0 rg BT 108.01 139.00 Td (secure ) Tj ET Q q 0 0 0 rg BT 136.77 139.00 Td (the ) Tj ET Q q 0 0 0 rg BT 151.64 139.00 Td (confidential ) Tj ET Q q 0 0 0 rg BT 203.18 139.00 Td (information ) Tj ET Q q 0 0 0 rg BT 254.73 139.00 Td (of ) Tj ET Q q 0 0 0 rg BT 265.15 139.00 Td (the ) Tj ET Q q 0 0 0 rg BT 280.02 139.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 323.79 139.00 Td (of ) Tj ET Q q 0 0 0 rg BT 334.21 139.00 Td (the ) Tj ET Q q 0 0 0 rg BT 349.08 139.00 Td (users ) Tj ET Q q 0 0 0 rg BT 372.85 139.00 Td (of ) Tj ET Q q 0 0 0 rg BT 383.28 139.00 Td (our ) Tj ET Q q 0 0 0 rg BT 399.82 139.00 Td (software ) Tj ET Q q 0 0 0 rg BT 436.92 139.00 Td (and ) Tj ET Q q 0 0 0 rg BT 454.57 139.00 Td (services ) Tj ET Q q 0 0 0 rg BT 488.87 139.00 Td (could ) Tj ET Q q 0 0 0 rg BT 513.74 139.00 Td (damage ) Tj ET Q q 0 0 0 rg BT 548.05 139.00 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 127.00 Td (reputation ) Tj ET Q q 0 0 0 rg BT 94.79 127.00 Td (and ) Tj ET Q q 0 0 0 rg BT 112.85 127.00 Td (brand ) Tj ET Q q 0 0 0 rg BT 139.80 127.00 Td (and ) Tj ET Q q 0 0 0 rg BT 157.86 127.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 212.60 127.00 Td (harm ) Tj ET Q q 0 0 0 rg BT 237.33 127.00 Td (our ) Tj ET Q q 0 0 0 rg BT 254.29 127.00 Td (business ) Tj ET Q q 0 0 0 rg BT 291.80 127.00 Td (and ) Tj ET Q q 0 0 0 rg BT 309.86 127.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 351.81 127.00 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 110.00 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 110.00 Td (e ) Tj ET Q q 0 0 0 rg BT 89.30 110.00 Td (collect, ) Tj ET Q q 0 0 0 rg BT 121.17 110.00 Td (process, ) Tj ET Q q 0 0 0 rg BT 156.38 110.00 Td (transmit, ) Tj ET Q q 0 0 0 rg BT 194.37 110.00 Td (and ) Tj ET Q q 0 0 0 rg BT 211.53 110.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 249.24 110.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 279.16 110.00 Td (confidential ) Tj ET Q q 0 0 0 rg BT 329.64 110.00 Td (information ) Tj ET Q q 0 0 0 rg BT 379.57 110.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 412.83 110.00 Td (to ) Tj ET Q q 0 0 0 rg BT 423.33 110.00 Td (the ) Tj ET Q q 0 0 0 rg BT 438.27 110.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 481.53 110.00 Td (\(borrowers ) Tj ET Q q 0 0 0 rg BT 528.12 110.00 Td (and ) Tj ET Q q 0 0 0 rg BT 545.28 110.00 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.00 Td (applicants\) ) Tj ET Q q 0 0 0 rg BT 96.22 98.00 Td (of ) Tj ET Q q 0 0 0 rg BT 107.40 98.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.46 98.00 Td (users ) Tj ET Q q 0 0 0 rg BT 145.86 98.00 Td (of ) Tj ET Q q 0 0 0 rg BT 157.04 98.00 Td (our ) Tj ET Q q 0 0 0 rg BT 173.22 98.00 Td (software ) Tj ET Q q 0 0 0 rg BT 210.50 98.00 Td (and ) Tj ET Q q 0 0 0 rg BT 227.78 98.00 Td (services, ) Tj ET Q q 0 0 0 rg BT 265.34 98.00 Td (including ) Tj ET Q q 0 0 0 rg BT 305.96 98.00 Td (personally ) Tj ET Q q 0 0 0 rg BT 350.46 98.00 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 398.85 98.00 Td (information. ) Tj ET Q q 0 0 0 rg BT 451.20 98.00 Td (This ) Tj ET Q q 0 0 0 rg BT 471.83 98.00 Td (information ) Tj ET Q q 0 0 0 rg BT 521.89 98.00 Td (resides ) Tj ET Q q 0 0 0 rg BT 552.51 98.00 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.00 Td (data ) Tj ET Q q 0 0 0 rg BT 68.67 86.00 Td (center ) Tj ET Q q 0 0 0 rg BT 95.61 86.00 Td (servers ) Tj ET Q q 0 0 0 rg BT 126.44 86.00 Td (hosted ) Tj ET Q q 0 0 0 rg BT 155.07 86.00 Td (by ) Tj ET Q q 0 0 0 rg BT 167.58 86.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 212.86 86.00 Td (providers, ) Tj ET Q q 0 0 0 rg BT 255.64 86.00 Td (and ) Tj ET Q q 0 0 0 rg BT 272.60 86.00 Td (is ) Tj ET Q q 0 0 0 rg BT 281.78 86.00 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 329.29 86.00 Td (to, ) Tj ET Q q 0 0 0 rg BT 342.08 86.00 Td (across, ) Tj ET Q q 0 0 0 rg BT 372.08 86.00 Td (and ) Tj ET Q q 0 0 0 rg BT 389.04 86.00 Td (from ) Tj ET Q q 0 0 0 rg BT 410.99 86.00 Td (our ) Tj ET Q q 0 0 0 rg BT 426.83 86.00 Td (networks. ) Tj ET Q q 0 0 0 rg BT 468.33 86.00 Td (While ) Tj ET Q q 0 0 0 rg BT 495.28 86.00 Td (we ) Tj ET Q q 0 0 0 rg BT 509.45 86.00 Td (have ) Tj ET Q q 0 0 0 rg BT 530.84 86.00 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 89.65 74.00 Td (in ) Tj ET Q q 0 0 0 rg BT 100.36 74.00 Td (place ) Tj ET Q q 0 0 0 rg BT 124.40 74.00 Td (to ) Tj ET Q q 0 0 0 rg BT 135.12 74.00 Td (protect ) Tj ET Q q 0 0 0 rg BT 165.82 74.00 Td (this ) Tj ET Q q 0 0 0 rg BT 183.21 74.00 Td (information ) Tj ET Q q 0 0 0 rg BT 233.36 74.00 Td (and ) Tj ET Q q 0 0 0 rg BT 250.74 74.00 Td (prevent ) Tj ET Q q 0 0 0 rg BT 283.66 74.00 Td (security ) Tj ET Q q 0 0 0 rg BT 318.25 74.00 Td (breaches, ) Tj ET Q q 0 0 0 rg BT 358.67 74.00 Td (these ) Tj ET Q q 0 0 0 rg BT 382.16 74.00 Td (security ) Tj ET Q q 0 0 0 rg BT 416.75 74.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 456.90 74.00 Td (may ) Tj ET Q q 0 0 0 rg BT 477.05 74.00 Td (be ) Tj ET Q q 0 0 0 rg BT 489.43 74.00 Td (compromised ) Tj ET Q q 0 0 0 rg BT 546.80 74.00 Td (as ) Tj ET Q q 0 0 0 rg BT 558.07 74.00 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.00 Td (result ) Tj ET Q q 0 0 0 rg BT 73.15 62.00 Td (of ) Tj ET Q q 0 0 0 rg BT 82.91 62.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 127.10 62.00 Td (action, ) Tj ET Q q 0 0 0 rg BT 155.47 62.00 Td (including ) Tj ET Q q 0 0 0 rg BT 194.67 62.00 Td (intentional ) Tj ET Q q 0 0 0 rg BT 238.87 62.00 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 286.40 62.00 Td (by ) Tj ET Q q 0 0 0 rg BT 297.83 62.00 Td (computer ) Tj ET Q q 0 0 0 rg BT 337.03 62.00 Td (hackers, ) Tj ET Q q 0 0 0 rg BT 371.50 62.00 Td (advanced ) Tj ET Q q 0 0 0 rg BT 410.68 62.00 Td (persistent ) Tj ET Q q 0 0 0 rg BT 450.44 62.00 Td (cyber) Tj ET Q q 0 0 0 rg BT 472.44 62.00 Td (-attacks ) Tj ET Q q 0 0 0 rg BT 504.97 62.00 Td (\(by ) Tj ET Q q 0 0 0 rg BT 519.73 62.00 Td (hacktivists ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.00 Td (or ) Tj ET Q q 0 0 0 rg BT 59.84 50.00 Td (cybercriminal ) Tj ET Q q 0 0 0 rg BT 117.39 50.00 Td (or) Tj ET Q q 0 0 0 rg BT 125.54 50.00 Td (ganizations\), ) Tj ET Q q 0 0 0 rg BT 178.92 50.00 Td (employee ) Tj ET Q q 0 0 0 rg BT 219.81 50.00 Td (error ) Tj ET Q q 0 0 0 rg BT 241.25 50.00 Td (or ) Tj ET Q q 0 0 0 rg BT 251.59 50.00 Td (malfeasance, ) Tj ET Q q 0 0 0 rg BT 305.52 50.00 Td (service ) Tj ET Q q 0 0 0 rg BT 335.85 50.00 Td (provider ) Tj ET Q q 0 0 0 rg BT 371.74 50.00 Td (or ) Tj ET Q q 0 0 0 rg BT 382.08 50.00 Td (vendor ) Tj ET Q q 0 0 0 rg BT 411.87 50.00 Td (error) Tj ET Q q 0 0 0 rg BT 430.89 50.00 Td (, ) Tj ET Q q 0 0 0 rg BT 435.41 50.00 Td (malfeasance ) Tj ET Q q 0 0 0 rg BT 486.83 50.00 Td (or ) Tj ET Q q 0 0 0 rg BT 497.18 50.00 Td (other ) Tj ET Q q 0 0 0 rg BT 519.74 50.00 Td (intentional ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.83 740.10 Td (unintentional ) Tj ET Q q 0 0 0 rg BT 114.59 740.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 132.13 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 144.13 740.10 Td (third ) Tj ET Q q 0 0 0 rg BT 165.01 740.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 196.16 740.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 250.65 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.97 740.10 Td (customers) Tj ET Q q 0 0 0 rg BT 309.11 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.10 740.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 332.25 740.10 Td (including ) Tj ET Q q 0 0 0 rg BT 372.02 740.10 Td (personally ) Tj ET Q q 0 0 0 rg BT 415.67 740.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 463.21 740.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 514.92 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 534.13 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 545.56 740.10 Td (lost, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (exposed, ) Tj ET Q q 0 0 0 rg BT 86.49 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 96.53 728.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 126.58 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.07 728.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 189.99 728.10 Td (access ) Tj ET Q q 0 0 0 rg BT 217.25 728.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 244.51 728.10 Td (use ) Tj ET Q q 0 0 0 rg BT 259.56 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.61 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 275.76 728.10 Td (result ) Tj ET Q q 0 0 0 rg BT 299.70 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.75 728.10 Td (accidents, ) Tj ET Q q 0 0 0 rg BT 351.17 728.10 Td (errors, ) Tj ET Q q 0 0 0 rg BT 378.71 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.75 728.10 Td (malfeasance ) Tj ET Q q 0 0 0 rg BT 439.88 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 451.60 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 466.65 728.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 513.63 728.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 98.84 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.59 716.10 Td (others ) Tj ET Q q 0 0 0 rg BT 136.44 716.10 Td (working ) Tj ET Q q 0 0 0 rg BT 172.19 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.38 716.10 Td (us ) Tj ET Q q 0 0 0 rg BT 203.69 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.43 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.85 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.60 716.10 Td (behalf. ) Tj ET Q q 0 0 0 rg BT 272.50 716.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 290.47 716.10 Td (servers ) Tj ET Q q 0 0 0 rg BT 321.20 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.06 716.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 374.64 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.50 716.10 Td (those ) Tj ET Q q 0 0 0 rg BT 415.02 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.77 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.51 716.10 Td (service ) Tj ET Q q 0 0 0 rg BT 472.25 716.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 514.93 716.10 Td (may ) Tj ET Q q 0 0 0 rg BT 534.56 716.10 Td (also ) Tj ET Q q 0 0 0 rg BT 553.09 716.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 94.37 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.82 704.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 145.25 704.10 Td (malware, ) Tj ET Q q 0 0 0 rg BT 184.84 704.10 Td (break-ins, ) Tj ET Q q 0 0 0 rg BT 227.21 704.10 Td (denial-of ) Tj ET Q q 0 0 0 rg BT 265.97 704.10 Td (service ) Tj ET Q q 0 0 0 rg BT 296.96 704.10 Td (attacks, ) Tj ET Q q 0 0 0 rg BT 329.89 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.99 704.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 377.43 704.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 424.55 704.10 Td (from ) Tj ET Q q 0 0 0 rg BT 446.66 704.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 501.53 704.10 Td (tampering ) Tj ET Q q 0 0 0 rg BT 544.74 704.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.08 692.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 105.10 692.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 141.52 692.10 Td (which ) Tj ET Q q 0 0 0 rg BT 168.21 692.10 Td (could ) Tj ET Q q 0 0 0 rg BT 192.68 692.10 Td (result ) Tj ET Q q 0 0 0 rg BT 217.15 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.18 692.10 Td (someone ) Tj ET Q q 0 0 0 rg BT 264.98 692.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 305.01 692.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 359.46 692.10 Td (access ) Tj ET Q q 0 0 0 rg BT 387.25 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.28 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 412.86 692.10 Td (customers) Tj ET Q q 0 0 0 rg BT 456.00 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.25 692.10 Td (data ) Tj ET Q q 0 0 0 rg BT 477.16 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.74 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.32 692.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 524.73 692.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.36 680.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 112.31 680.10 Td (property ) Tj ET Q q 0 0 0 rg BT 148.71 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.67 680.10 Td (other ) Tj ET Q q 0 0 0 rg BT 188.75 680.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 239.03 680.10 Td (business ) Tj ET Q q 0 0 0 rg BT 275.45 680.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 327.69 680.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 363.53 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.27 680.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 423.56 680.10 Td (used ) Tj ET Q q 0 0 0 rg BT 444.42 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.72 680.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 482.24 680.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 536.97 680.10 Td (access ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 62.60 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 73.75 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.34 668.10 Td (sabotage, ) Tj ET Q q 0 0 0 rg BT 124.65 668.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 159.14 668.10 Td (change ) Tj ET Q q 0 0 0 rg BT 190.27 668.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 234.18 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.44 668.10 Td (often ) Tj ET Q q 0 0 0 rg BT 274.81 668.10 Td (are ) Tj ET Q q 0 0 0 rg BT 289.83 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 305.43 668.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 352.11 668.10 Td (until ) Tj ET Q q 0 0 0 rg BT 373.26 668.10 Td (launched ) Tj ET Q q 0 0 0 rg BT 412.18 668.10 Td (against ) Tj ET Q q 0 0 0 rg BT 443.32 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.58 668.10 Td (tar) Tj ET Q q 0 0 0 rg BT 460.94 668.10 Td (get, ) Tj ET Q q 0 0 0 rg BT 478.48 668.10 Td (we ) Tj ET Q q 0 0 0 rg BT 492.96 668.10 Td (may ) Tj ET Q q 0 0 0 rg BT 512.99 668.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.25 668.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 554.73 668.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 91.48 656.10 Td (these ) Tj ET Q q 0 0 0 rg BT 115.15 656.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 161.03 656.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.47 656.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 218.36 656.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 257.01 656.10 Td (preventative ) Tj ET Q q 0 0 0 rg BT 309.54 656.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 352.14 656.10 Td (W) Tj ET Q q 0 0 0 rg BT 360.78 656.10 Td (e ) Tj ET Q q 0 0 0 rg BT 368.34 656.10 Td (may ) Tj ET Q q 0 0 0 rg BT 388.67 656.10 Td (also ) Tj ET Q q 0 0 0 rg BT 407.89 656.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 454.31 656.10 Td (security ) Tj ET Q q 0 0 0 rg BT 489.08 656.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 527.18 656.10 Td (that ) Tj ET Q q 0 0 0 rg BT 545.29 656.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 79.53 644.10 Td (undetected ) Tj ET Q q 0 0 0 rg BT 125.11 644.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.04 644.10 Td (an ) Tj ET Q q 0 0 0 rg BT 150.74 644.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 189.10 644.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 219.25 644.10 Td (The ) Tj ET Q q 0 0 0 rg BT 237.07 644.10 Td (possession ) Tj ET Q q 0 0 0 rg BT 282.12 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.82 644.10 Td (use ) Tj ET Q q 0 0 0 rg BT 314.42 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.02 644.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 361.16 644.10 Td (information ) Tj ET Q q 0 0 0 rg BT 410.64 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.68 644.10 Td (conducting ) Tj ET Q q 0 0 0 rg BT 467.39 644.10 Td (our ) Tj ET Q q 0 0 0 rg BT 482.98 644.10 Td (business ) Tj ET Q q 0 0 0 rg BT 519.14 644.10 Td (subjects ) Tj ET Q q 0 0 0 rg BT 553.63 644.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.90 632.10 Td (legislative ) Tj ET Q q 0 0 0 rg BT 103.61 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.67 632.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 164.38 632.10 Td (burdens ) Tj ET Q q 0 0 0 rg BT 198.66 632.10 Td (that ) Tj ET Q q 0 0 0 rg BT 216.27 632.10 Td (may ) Tj ET Q q 0 0 0 rg BT 236.10 632.10 Td (require ) Tj ET Q q 0 0 0 rg BT 267.03 632.10 Td (notification ) Tj ET Q q 0 0 0 rg BT 315.75 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.15 632.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 369.31 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.71 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.54 632.10 Td (event ) Tj ET Q q 0 0 0 rg BT 418.81 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.76 632.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.81 632.10 Td (security ) Tj ET Q q 0 0 0 rg BT 471.09 632.10 Td (breach, ) Tj ET Q q 0 0 0 rg BT 502.85 632.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 533.23 632.10 Td (our ) Tj ET Q q 0 0 0 rg BT 549.18 632.10 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 620.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 96.71 620.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 148.92 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.86 620.10 Td (hinder ) Tj ET Q q 0 0 0 rg BT 193.90 620.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.73 620.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 237.79 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.06 620.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 279.99 620.10 Td (new ) Tj ET Q q 0 0 0 rg BT 299.15 620.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 342.20 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.03 620.10 Td (market ) Tj ET Q q 0 0 0 rg BT 383.29 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.57 620.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 427.73 620.10 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 603.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 603.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.37 603.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 120.81 603.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 163.46 603.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.25 603.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.37 603.10 Td (security ) Tj ET Q q 0 0 0 rg BT 234.81 603.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 275.81 603.10 Td (will ) Tj ET Q q 0 0 0 rg BT 295.15 603.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 328.93 603.10 Td (security ) Tj ET Q q 0 0 0 rg BT 364.37 603.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 403.14 603.10 Td (or ) Tj ET Q q 0 0 0 rg BT 415.26 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.27 603.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 450.62 603.10 Td (or ) Tj ET Q q 0 0 0 rg BT 462.74 603.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 502.62 603.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.74 603.10 Td (confidential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 591.10 Td (information ) Tj ET Q q 0 0 0 rg BT 99.20 591.10 Td (or ) Tj ET Q q 0 0 0 rg BT 110.02 591.10 Td (other ) Tj ET Q q 0 0 0 rg BT 133.06 591.10 Td (information ) Tj ET Q q 0 0 0 rg BT 182.76 591.10 Td (we ) Tj ET Q q 0 0 0 rg BT 196.91 591.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 234.39 591.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.21 591.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 279.64 591.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 299.36 591.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 325.72 591.10 Td (or ) Tj ET Q q 0 0 0 rg BT 336.54 591.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 377.89 591.10 Td (compromise ) Tj ET Q q 0 0 0 rg BT 429.81 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.63 591.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.46 591.10 Td (security ) Tj ET Q q 0 0 0 rg BT 490.60 591.10 Td (could ) Tj ET Q q 0 0 0 rg BT 515.31 591.10 Td (result ) Tj ET Q q 0 0 0 rg BT 540.01 591.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 591.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 68.29 579.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.85 579.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 119.73 579.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 142.11 579.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 189.76 579.10 Td (property ) Tj ET Q q 0 0 0 rg BT 226.87 579.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.43 579.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 261.64 579.10 Td (secrets, ) Tj ET Q q 0 0 0 rg BT 294.57 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.24 579.10 Td (could ) Tj ET Q q 0 0 0 rg BT 337.68 579.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 372.00 579.10 Td (our ) Tj ET Q q 0 0 0 rg BT 388.56 579.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 432.33 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.00 579.10 Td (brand, ) Tj ET Q q 0 0 0 rg BT 478.49 579.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 523.37 579.10 Td (af) Tj ET Q q 0 0 0 rg BT 530.96 579.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.17 579.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.18 567.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.09 567.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 117.20 567.10 Td (new ) Tj ET Q q 0 0 0 rg BT 136.99 567.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 180.67 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.24 567.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 224.13 567.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 258.92 567.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 305.10 567.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 346.55 567.10 Td (af) Tj ET Q q 0 0 0 rg BT 354.13 567.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 372.25 567.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 407.60 567.10 Td (confidence, ) Tj ET Q q 0 0 0 rg BT 457.09 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.66 567.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 505.55 567.10 Td (us ) Tj ET Q q 0 0 0 rg BT 517.58 567.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.48 567.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.05 567.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 554.18 567.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 88.13 555.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.98 555.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 142.60 555.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 173.45 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.41 555.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 220.42 555.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.94 555.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 261.00 555.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.19 555.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 313.26 555.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.11 555.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 367.72 555.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 391.07 555.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 440.53 555.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.38 555.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 498.32 555.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 545.29 555.10 Td (and/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.60 543.10 Td (other ) Tj ET Q q 0 0 0 rg BT 81.92 543.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 123.40 543.10 Td (which ) Tj ET Q q 0 0 0 rg BT 149.61 543.10 Td (would ) Tj ET Q q 0 0 0 rg BT 176.38 543.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 228.70 543.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 251.01 543.10 Td (our ) Tj ET Q q 0 0 0 rg BT 266.11 543.10 Td (business ) Tj ET Q q 0 0 0 rg BT 301.77 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.98 543.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 357.51 543.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 387.76 543.10 Td (W) Tj ET Q q 0 0 0 rg BT 396.40 543.10 Td (e ) Tj ET Q q 0 0 0 rg BT 402.61 543.10 Td (will ) Tj ET Q q 0 0 0 rg BT 419.93 543.10 Td (need ) Tj ET Q q 0 0 0 rg BT 440.58 543.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.13 543.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 480.77 543.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 524.75 543.10 Td (resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.10 Td (to ) Tj ET Q q 0 0 0 rg BT 58.85 531.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 88.19 531.10 Td (against ) Tj ET Q q 0 0 0 rg BT 118.09 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.10 531.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 165.66 531.10 Td (any ) Tj ET Q q 0 0 0 rg BT 181.68 531.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 218.24 531.10 Td (security ) Tj ET Q q 0 0 0 rg BT 251.47 531.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 288.02 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.04 531.10 Td (their ) Tj ET Q q 0 0 0 rg BT 323.94 531.10 Td (consequences, ) Tj ET Q q 0 0 0 rg BT 382.99 531.10 Td (including ) Tj ET Q q 0 0 0 rg BT 422.33 531.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 443.91 531.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.26 531.10 Td (deploy ) Tj ET Q q 0 0 0 rg BT 482.05 531.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 523.62 531.10 Td (personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 519.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 109.48 519.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 165.02 519.10 Td (train ) Tj ET Q q 0 0 0 rg BT 185.85 519.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 233.61 519.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.55 519.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 281.37 519.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 326.63 519.10 Td (experts ) Tj ET Q q 0 0 0 rg BT 358.01 519.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.94 519.10 Td (consultants.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.55 498.10 Td (future ) Tj ET Q q 0 0 0 rg BT 96.49 498.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 151.64 498.10 Td (will ) Tj ET Q q 0 0 0 rg BT 169.02 498.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.84 498.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 209.33 498.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 253.93 498.10 Td (on ) Tj ET Q q 0 0 0 rg BT 266.87 498.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.70 498.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 311.63 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.79 498.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 360.28 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.44 498.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 399.48 498.10 Td (new ) Tj ET Q q 0 0 0 rg BT 418.53 498.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 468.14 498.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 512.19 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.13 498.10 Td (users ) Tj ET Q q 0 0 0 rg BT 554.18 498.10 Td (of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 486.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.45 486.10 Td (other ) Tj ET Q q 0 0 0 rg BT 90.62 486.10 Td (service ) Tj ET Q q 0 0 0 rg BT 121.44 486.10 Td (of) Tj ET Q q 0 0 0 rg BT 129.59 486.10 Td (ferings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 469.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 469.10 Td (o ) Tj ET Q q 0 0 0 rg BT 86.64 469.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 124.36 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.42 469.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 170.90 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.96 469.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 227.73 469.10 Td (we ) Tj ET Q q 0 0 0 rg BT 242.12 469.10 Td (may ) Tj ET Q q 0 0 0 rg BT 262.06 469.10 Td (need ) Tj ET Q q 0 0 0 rg BT 283.67 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.18 469.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 329.66 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.61 469.10 Td (number ) Tj ET Q q 0 0 0 rg BT 377.88 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.94 469.10 Td (users ) Tj ET Q q 0 0 0 rg BT 412.23 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.29 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 439.34 469.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 487.62 469.10 Td (software ) Tj ET Q q 0 0 0 rg BT 524.78 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.95 469.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.10 Td (service ) Tj ET Q q 0 0 0 rg BT 80.35 457.10 Td (of) Tj ET Q q 0 0 0 rg BT 88.50 457.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 121.31 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.29 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.04 457.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 181.67 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.99 457.10 Td (do ) Tj ET Q q 0 0 0 rg BT 204.53 457.10 Td (so ) Tj ET Q q 0 0 0 rg BT 215.96 457.10 Td (may ) Tj ET Q q 0 0 0 rg BT 235.71 457.10 Td (have ) Tj ET Q q 0 0 0 rg BT 257.13 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.10 457.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 307.18 457.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 340.25 457.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 370.00 457.10 Td (on ) Tj ET Q q 0 0 0 rg BT 382.54 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.41 457.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 437.34 457.10 Td (If ) Tj ET Q q 0 0 0 rg BT 446.54 457.10 Td (we ) Tj ET Q q 0 0 0 rg BT 460.74 457.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.48 457.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 504.67 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.99 457.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 550.28 457.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.10 Td (number ) Tj ET Q q 0 0 0 rg BT 82.79 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.87 445.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 142.17 445.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 185.46 445.10 Td (or ) Tj ET Q q 0 0 0 rg BT 196.54 445.10 Td (users ) Tj ET Q q 0 0 0 rg BT 219.84 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.92 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.00 445.10 Td (other ) Tj ET Q q 0 0 0 rg BT 270.29 445.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 307.75 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.83 445.10 Td (business ) Tj ET Q q 0 0 0 rg BT 360.46 445.10 Td (may ) Tj ET Q q 0 0 0 rg BT 380.43 445.10 Td (be ) Tj ET Q q 0 0 0 rg BT 392.62 445.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 435.90 445.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 476.96 445.10 Td (af) Tj ET Q q 0 0 0 rg BT 484.55 445.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 514.22 445.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 532.52 445.10 Td (success ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (will ) Tj ET Q q 0 0 0 rg BT 66.60 433.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 97.03 433.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.57 433.10 Td (both ) Tj ET Q q 0 0 0 rg BT 127.90 433.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 138.88 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.65 433.10 Td (willingness ) Tj ET Q q 0 0 0 rg BT 199.75 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.63 433.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 248.94 433.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 279.36 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.69 433.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 324.67 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.99 433.10 Td (accept ) Tj ET Q q 0 0 0 rg BT 361.07 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.84 433.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 396.38 433.10 Td (model ) Tj ET Q q 0 0 0 rg BT 422.93 433.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.13 433.10 Td (delivering ) Tj ET Q q 0 0 0 rg BT 478.22 433.10 Td (software ) Tj ET Q q 0 0 0 rg BT 514.20 433.10 Td (applications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 421.10 Td (they ) Tj ET Q q 0 0 0 rg BT 86.71 421.10 Td (view ) Tj ET Q q 0 0 0 rg BT 108.65 421.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.48 421.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 149.74 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.02 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.73 421.10 Td (success ) Tj ET Q q 0 0 0 rg BT 207.22 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.05 421.10 Td (their ) Tj ET Q q 0 0 0 rg BT 238.88 421.10 Td (business ) Tj ET Q q 0 0 0 rg BT 275.27 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.21 421.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 306.93 421.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.76 421.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 350.81 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.09 421.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 412.46 421.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 442.73 421.10 Td (new ) Tj ET Q q 0 0 0 rg BT 461.89 421.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 484.39 421.10 Td (service ) Tj ET Q q 0 0 0 rg BT 515.20 421.10 Td (of) Tj ET Q q 0 0 0 rg BT 523.35 421.10 Td (ferings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 404.10 Td (It ) Tj ET Q q 0 0 0 rg BT 81.73 404.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.53 404.10 Td (dif) Tj ET Q q 0 0 0 rg BT 101.46 404.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 124.69 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.59 404.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 164.48 404.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 203.26 404.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 240.38 404.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 261.38 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.95 404.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 311.73 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.51 404.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.97 404.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 377.80 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.14 404.10 Td (future ) Tj ET Q q 0 0 0 rg BT 418.15 404.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 448.60 404.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 465.71 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.28 404.10 Td (size ) Tj ET Q q 0 0 0 rg BT 499.95 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.40 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 404.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 96.23 392.10 Td (market ) Tj ET Q q 0 0 0 rg BT 126.29 392.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.92 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.44 392.10 Td (entry ) Tj ET Q q 0 0 0 rg BT 174.29 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.91 392.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 234.42 392.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 287.37 392.10 Td (The ) Tj ET Q q 0 0 0 rg BT 305.22 392.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 335.85 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.48 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.99 392.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 401.05 392.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 447.79 392.10 Td (market ) Tj ET Q q 0 0 0 rg BT 477.85 392.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 512.92 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.22 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 531.95 392.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.65 380.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 93.19 380.10 Td (including ) Tj ET Q q 0 0 0 rg BT 133.78 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.83 380.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 170.26 380.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 226.11 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.37 380.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 285.06 380.10 Td (value ) Tj ET Q q 0 0 0 rg BT 309.54 380.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 353.46 380.10 Td (with ) Tj ET Q q 0 0 0 rg BT 374.06 380.10 Td (product ) Tj ET Q q 0 0 0 rg BT 407.43 380.10 Td (of) Tj ET Q q 0 0 0 rg BT 415.58 380.10 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 448.67 380.10 Td (most ) Tj ET Q q 0 0 0 rg BT 470.95 380.10 Td (notably ) Tj ET Q q 0 0 0 rg BT 503.77 380.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 526.59 380.10 Td (of) Tj ET Q q 0 0 0 rg BT 534.74 380.10 Td (ferings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.85 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.19 368.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.54 368.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 121.27 368.10 Td (including ) Tj ET Q q 0 0 0 rg BT 162.06 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.29 368.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 204.74 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.54 368.10 Td (which ) Tj ET Q q 0 0 0 rg BT 242.99 368.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 266.00 368.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 311.78 368.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.00 368.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 371.12 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.91 368.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 427.70 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.49 368.10 Td (address ) Tj ET Q q 0 0 0 rg BT 471.50 368.10 Td (security ) Tj ET Q q 0 0 0 rg BT 506.17 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.62 368.10 Td (reliability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (concerns. ) Tj ET Q q 0 0 0 rg BT 90.08 356.10 Td (If ) Tj ET Q q 0 0 0 rg BT 99.27 356.10 Td (other ) Tj ET Q q 0 0 0 rg BT 122.36 356.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 144.90 356.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 185.20 356.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 231.04 356.10 Td (security ) Tj ET Q q 0 0 0 rg BT 265.24 356.10 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 306.38 356.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 324.48 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.34 356.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 374.54 356.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 396.23 356.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 443.22 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.53 356.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 488.84 356.10 Td (or ) Tj ET Q q 0 0 0 rg BT 499.70 356.10 Td (other ) Tj ET Q q 0 0 0 rg BT 522.79 356.10 Td (problems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 344.10 Td (market ) Tj ET Q q 0 0 0 rg BT 95.28 344.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.83 344.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 132.73 344.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 183.95 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 195.18 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.52 344.10 Td (whole, ) Tj ET Q q 0 0 0 rg BT 232.35 344.10 Td (including ) Tj ET Q q 0 0 0 rg BT 273.02 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 289.25 344.10 Td (own ) Tj ET Q q 0 0 0 rg BT 309.37 344.10 Td (products ) Tj ET Q q 0 0 0 rg BT 346.71 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.04 344.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 401.65 344.10 Td (may ) Tj ET Q q 0 0 0 rg BT 421.76 344.10 Td (be ) Tj ET Q q 0 0 0 rg BT 434.10 344.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 478.65 344.10 Td (af) Tj ET Q q 0 0 0 rg BT 486.24 344.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 516.06 344.10 Td (If ) Tj ET Q q 0 0 0 rg BT 525.62 344.10 Td (there ) Tj ET Q q 0 0 0 rg BT 548.50 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 558.07 344.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 90.11 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.73 332.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 135.23 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.74 332.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 190.35 332.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 237.63 332.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 267.68 332.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.53 332.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 337.24 332.10 Td (challenges, ) Tj ET Q q 0 0 0 rg BT 384.79 332.10 Td (weakening ) Tj ET Q q 0 0 0 rg BT 430.95 332.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 472.67 332.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 519.68 332.10 Td (security ) Tj ET Q q 0 0 0 rg BT 554.18 332.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 81.98 320.10 Td (concerns, ) Tj ET Q q 0 0 0 rg BT 122.50 320.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 167.21 320.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 222.74 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.67 320.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 279.09 320.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 319.89 320.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.16 320.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 368.76 320.10 Td (by ) Tj ET Q q 0 0 0 rg BT 381.25 320.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 421.50 320.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 455.37 320.10 Td (it ) Tj ET Q q 0 0 0 rg BT 463.42 320.10 Td (could ) Tj ET Q q 0 0 0 rg BT 488.12 320.10 Td (result ) Tj ET Q q 0 0 0 rg BT 512.83 320.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.10 320.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.07 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.53 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.89 308.10 Td (business ) Tj ET Q q 0 0 0 rg BT 158.81 308.10 Td (could ) Tj ET Q q 0 0 0 rg BT 184.06 308.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.53 308.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 237.87 308.10 Td (af) Tj ET Q q 0 0 0 rg BT 245.46 308.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 275.41 308.10 Td (In ) Tj ET Q q 0 0 0 rg BT 286.77 308.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 325.07 308.10 Td (we ) Tj ET Q q 0 0 0 rg BT 339.76 308.10 Td (will ) Tj ET Q q 0 0 0 rg BT 358.35 308.10 Td (need ) Tj ET Q q 0 0 0 rg BT 380.25 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.06 308.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 428.52 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.33 308.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 471.23 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.70 308.10 Td (optimize ) Tj ET Q q 0 0 0 rg BT 526.72 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 543.08 308.10 Td (sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 106.44 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.30 296.10 Td (order ) Tj ET Q q 0 0 0 rg BT 141.47 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.33 296.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 175.96 296.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.37 296.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 232.10 296.10 Td (base ) Tj ET Q q 0 0 0 rg BT 252.94 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.46 296.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.87 296.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 326.34 296.10 Td (Identifying ) Tj ET Q q 0 0 0 rg BT 373.85 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.36 296.10 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 433.31 296.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 471.93 296.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 513.89 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.40 296.10 Td (training ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (them ) Tj ET Q q 0 0 0 rg BT 72.00 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.27 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.99 284.10 Td (use ) Tj ET Q q 0 0 0 rg BT 112.82 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.65 284.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.48 284.10 Td (software ) Tj ET Q q 0 0 0 rg BT 176.41 284.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 211.12 284.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 255.83 284.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 278.60 284.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 315.81 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.75 284.10 Td (attention.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (If ) Tj ET Q q 0 0 0 rg BT 59.25 263.10 Td (we ) Tj ET Q q 0 0 0 rg BT 72.88 263.10 Td (are ) Tj ET Q q 0 0 0 rg BT 88.74 263.10 Td (not ) Tj ET Q q 0 0 0 rg BT 104.60 263.10 Td (able ) Tj ET Q q 0 0 0 rg BT 124.35 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.65 263.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 167.72 263.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 212.47 263.10 Td (enhancements, ) Tj ET Q q 0 0 0 rg BT 276.94 263.10 Td (new ) Tj ET Q q 0 0 0 rg BT 296.14 263.10 Td (features ) Tj ET Q q 0 0 0 rg BT 332.00 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.08 263.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 408.72 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.03 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.01 263.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 473.24 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 490.22 263.10 Td (business ) Tj ET Q q 0 0 0 rg BT 527.76 263.10 Td (could ) Tj ET Q q 0 0 0 rg BT 553.06 263.10 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 89.34 251.10 Td (af) Tj ET Q q 0 0 0 rg BT 97.49 251.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 125.94 251.10 Td (Further) Tj ET Q q 0 0 0 rg BT 158.18 251.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.20 251.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 211.51 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.37 251.10 Td (software-related ) Tj ET Q q 0 0 0 rg BT 289.55 251.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 314.96 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.05 251.10 Td (other ) Tj ET Q q 0 0 0 rg BT 355.25 251.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 380.66 251.10 Td (may ) Tj ET Q q 0 0 0 rg BT 399.40 251.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 442.59 251.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 482.43 251.10 Td (af) Tj ET Q q 0 0 0 rg BT 490.58 251.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 507.09 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 523.07 251.10 Td (operating ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 222.10 Td (If ) Tj ET Q q 0 0 0 rg BT 82.22 222.10 Td (we ) Tj ET Q q 0 0 0 rg BT 95.94 222.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.21 222.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 138.92 222.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.76 222.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 181.37 222.10 Td (enhancements, ) Tj ET Q q 0 0 0 rg BT 242.57 222.10 Td (new ) Tj ET Q q 0 0 0 rg BT 261.29 222.10 Td (features, ) Tj ET Q q 0 0 0 rg BT 297.49 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.99 222.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 371.04 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.43 222.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.82 222.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 430.54 222.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 467.31 222.10 Td (including ) Tj ET Q q 0 0 0 rg BT 507.14 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.42 222.10 Td (successful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 96.67 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.29 210.10 Td (deployment ) Tj ET Q q 0 0 0 rg BT 162.68 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.19 210.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.70 210.10 Td (next ) Tj ET Q q 0 0 0 rg BT 208.09 210.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 252.47 210.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 300.20 210.10 Td (software ) Tj ET Q q 0 0 0 rg BT 336.81 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.43 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.82 210.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 415.55 210.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 451.05 210.10 Td (Platform ) Tj ET Q q 0 0 0 rg BT 488.23 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.84 210.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 539.23 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.19 210.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (services ) Tj ET Q q 0 0 0 rg BT 83.50 198.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.08 198.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 120.41 198.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 154.41 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.98 198.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 184.11 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.34 198.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 246.57 198.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 278.91 198.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.48 198.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 331.93 198.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 371.49 198.10 Td (lending, ) Tj ET Q q 0 0 0 rg BT 405.78 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.91 198.10 Td (business ) Tj ET Q q 0 0 0 rg BT 456.59 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.83 198.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 512.39 198.10 Td (results ) Tj ET Q q 0 0 0 rg BT 540.29 198.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.10 Td (be ) Tj ET Q q 0 0 0 rg BT 60.30 186.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 99.98 186.10 Td (af) Tj ET Q q 0 0 0 rg BT 107.57 186.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 135.85 186.10 Td (In ) Tj ET Q q 0 0 0 rg BT 145.54 186.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 182.18 186.10 Td (if ) Tj ET Q q 0 0 0 rg BT 189.65 186.10 Td (we ) Tj ET Q q 0 0 0 rg BT 202.67 186.10 Td (do ) Tj ET Q q 0 0 0 rg BT 214.04 186.10 Td (not ) Tj ET Q q 0 0 0 rg BT 228.18 186.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 278.42 186.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 310.87 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.45 186.10 Td (migration ) Tj ET Q q 0 0 0 rg BT 364.70 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.39 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.08 186.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 430.99 186.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.13 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 454.82 186.10 Td (next ) Tj ET Q q 0 0 0 rg BT 473.40 186.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 516.97 186.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (software ) Tj ET Q q 0 0 0 rg BT 87.21 174.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.82 174.10 Td (if ) Tj ET Q q 0 0 0 rg BT 108.20 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.70 174.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 164.75 174.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 188.58 174.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 217.40 174.10 Td (than ) Tj ET Q q 0 0 0 rg BT 237.90 174.10 Td (expected, ) Tj ET Q q 0 0 0 rg BT 279.21 174.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 323.04 174.10 Td (may ) Tj ET Q q 0 0 0 rg BT 343.53 174.10 Td (not ) Tj ET Q q 0 0 0 rg BT 359.59 174.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 406.17 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.66 174.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 456.60 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.21 174.10 Td (new ) Tj ET Q q 0 0 0 rg BT 488.15 174.10 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 548.06 174.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.10 Td (features ) Tj ET Q q 0 0 0 rg BT 83.48 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.26 162.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.93 162.10 Td (business ) Tj ET Q q 0 0 0 rg BT 152.16 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.94 162.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 209.04 162.10 Td (results ) Tj ET Q q 0 0 0 rg BT 237.49 162.10 Td (could ) Tj ET Q q 0 0 0 rg BT 262.04 162.10 Td (be ) Tj ET Q q 0 0 0 rg BT 273.82 162.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 314.48 162.10 Td (af) Tj ET Q q 0 0 0 rg BT 322.06 162.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 351.33 162.10 Td (In ) Tj ET Q q 0 0 0 rg BT 362.00 162.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 399.61 162.10 Td (we ) Tj ET Q q 0 0 0 rg BT 413.61 162.10 Td (will ) Tj ET Q q 0 0 0 rg BT 431.50 162.10 Td (need ) Tj ET Q q 0 0 0 rg BT 452.72 162.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.83 162.10 Td (continuously ) Tj ET Q q 0 0 0 rg BT 516.84 162.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 548.06 162.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 83.52 150.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.12 150.10 Td (services ) Tj ET Q q 0 0 0 rg BT 131.59 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.64 150.10 Td (keep ) Tj ET Q q 0 0 0 rg BT 160.78 150.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 180.36 150.10 Td (with ) Tj ET Q q 0 0 0 rg BT 199.41 150.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 232.88 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.93 150.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 280.13 150.10 Td (communication, ) Tj ET Q q 0 0 0 rg BT 346.10 150.10 Td (browser) Tj ET Q q 0 0 0 rg BT 377.91 150.10 Td (, ) Tj ET Q q 0 0 0 rg BT 381.68 150.10 Td (database ) Tj ET Q q 0 0 0 rg BT 417.37 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.07 150.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 454.34 150.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 509.47 150.10 Td (technologies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 138.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.30 138.10 Td (may ) Tj ET Q q 0 0 0 rg BT 85.25 138.10 Td (not ) Tj ET Q q 0 0 0 rg BT 100.75 138.10 Td (be ) Tj ET Q q 0 0 0 rg BT 112.91 138.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 156.74 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.24 138.10 Td (either ) Tj ET Q q 0 0 0 rg BT 192.73 138.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 239.89 138.10 Td (these ) Tj ET Q q 0 0 0 rg BT 263.17 138.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 320.88 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.05 138.10 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 397.41 138.10 Td (or ) Tj ET Q q 0 0 0 rg BT 408.47 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.97 138.10 Td (bringing ) Tj ET Q q 0 0 0 rg BT 455.59 138.10 Td (them ) Tj ET Q q 0 0 0 rg BT 478.31 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.81 138.10 Td (market ) Tj ET Q q 0 0 0 rg BT 519.30 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.81 138.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.97 138.10 Td (timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.10 Td (fashion ) Tj ET Q q 0 0 0 rg BT 81.72 126.10 Td (which ) Tj ET Q q 0 0 0 rg BT 108.95 126.10 Td (could ) Tj ET Q q 0 0 0 rg BT 133.95 126.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 169.49 126.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.61 126.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 208.39 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.62 126.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 266.72 126.10 Td (af) Tj ET Q q 0 0 0 rg BT 274.30 126.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 292.08 126.10 Td (our ) Tj ET Q q 0 0 0 rg BT 308.19 126.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 347.17 126.10 Td (The ) Tj ET Q q 0 0 0 rg BT 365.50 126.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 394.38 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.50 126.10 Td (our ) Tj ET Q q 0 0 0 rg BT 421.61 126.10 Td (services ) Tj ET Q q 0 0 0 rg BT 456.60 126.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.17 126.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 499.38 126.10 Td (ef) Tj ET Q q 0 0 0 rg BT 506.96 126.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 544.73 126.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.57 114.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 128.30 114.10 Td (could ) Tj ET Q q 0 0 0 rg BT 152.71 114.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 181.55 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.96 114.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 229.80 114.10 Td (for ) Tj ET Q q 0 0 0 rg BT 243.65 114.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.17 114.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 296.07 114.10 Td (result ) Tj ET Q q 0 0 0 rg BT 320.48 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.45 114.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 369.30 114.10 Td (dissatisfaction ) Tj ET Q q 0 0 0 rg BT 428.70 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.33 114.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 485.84 114.10 Td (af) Tj ET Q q 0 0 0 rg BT 493.43 114.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 510.60 114.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.12 114.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 97.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 97.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.80 97.10 Td (have ) Tj ET Q q 0 0 0 rg BT 109.89 97.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 145.44 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.10 97.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 198.75 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.75 97.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 234.86 97.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 279.29 97.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 319.27 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.27 97.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 363.15 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.81 97.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 411.45 97.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 458.11 97.10 Td (related ) Tj ET Q q 0 0 0 rg BT 487.53 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.53 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.08 97.10 Td (services ) Tj ET Q q 0 0 0 rg BT 547.51 97.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.59 85.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 104.32 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.52 85.10 Td (property ) Tj ET Q q 0 0 0 rg BT 150.81 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.67 85.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 212.31 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.06 85.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 265.47 85.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 291.22 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.08 85.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 337.70 85.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.45 85.10 Td (an ) Tj ET Q q 0 0 0 rg BT 360.31 85.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 382.17 85.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.59 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.34 85.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 443.30 85.10 Td (sheet.) Tj ET Q q 0 0 0 rg BT 468.66 85.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.30 85.10 Td (e ) Tj ET Q q 0 0 0 rg BT 484.16 85.10 Td (may ) Tj ET Q q 0 0 0 rg BT 503.80 85.10 Td (not ) Tj ET Q q 0 0 0 rg BT 519.00 85.10 Td (launch ) Tj ET Q q 0 0 0 rg BT 548.07 85.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.10 Td (new ) Tj ET Q q 0 0 0 rg BT 68.51 73.10 Td (technology) Tj ET Q q 0 0 0 rg BT 112.29 73.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.14 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.70 73.10 Td (launch ) Tj ET Q q 0 0 0 rg BT 160.70 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.38 73.10 Td (such ) Tj ET Q q 0 0 0 rg BT 192.05 73.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 238.83 73.10 Td (may ) Tj ET Q q 0 0 0 rg BT 258.40 73.10 Td (result ) Tj ET Q q 0 0 0 rg BT 282.96 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.08 73.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 339.88 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.00 73.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.68 73.10 Td (business ) Tj ET Q q 0 0 0 rg BT 401.92 73.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 445.92 73.10 Td (or ) Tj ET Q q 0 0 0 rg BT 456.59 73.10 Td (such ) Tj ET Q q 0 0 0 rg BT 477.27 73.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 524.05 73.10 Td (might ) Tj ET Q q 0 0 0 rg BT 549.73 73.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 71.33 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 87.06 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.89 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.62 61.10 Td (customers) Tj ET Q q 0 0 0 rg BT 162.75 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.15 61.10 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 219.50 61.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 243.29 61.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 277.89 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.06 61.10 Td (any ) Tj ET Q q 0 0 0 rg BT 304.90 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.63 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.35 61.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 396.51 61.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 436.67 61.10 Td (or ) Tj ET Q q 0 0 0 rg BT 447.40 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.01 61.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 490.50 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.23 61.10 Td (this ) Tj ET Q q 0 0 0 rg BT 518.07 61.10 Td (technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 49.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.20 49.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 82.55 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.79 49.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.15 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.40 49.10 Td (customers) Tj ET Q q 0 0 0 rg BT 175.53 49.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.45 49.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 231.35 49.10 Td (could ) Tj ET Q q 0 0 0 rg BT 256.48 49.10 Td (result ) Tj ET Q q 0 0 0 rg BT 281.62 49.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.31 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.45 49.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 356.46 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.71 49.10 Td (software-related ) Tj ET Q q 0 0 0 rg BT 435.59 49.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 464.34 49.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.69 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 497.94 49.10 Td (future ) Tj ET Q q 0 0 0 rg BT 524.73 49.10 Td (operating ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (results ) Tj ET Q q 0 0 0 rg BT 76.96 740.10 Td (could ) Tj ET Q q 0 0 0 rg BT 100.52 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 111.31 740.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 153.20 740.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 192.86 740.10 Td (af) Tj ET Q q 0 0 0 rg BT 200.45 740.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 226.22 740.10 Td (if ) Tj ET Q q 0 0 0 rg BT 233.68 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 246.69 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.25 740.10 Td (required ) Tj ET Q q 0 0 0 rg BT 294.91 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.04 740.10 Td (write ) Tj ET Q q 0 0 0 rg BT 325.93 740.10 Td (down ) Tj ET Q q 0 0 0 rg BT 349.50 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.07 740.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 397.73 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 420.74 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.42 740.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 475.07 740.10 Td (software ) Tj ET Q q 0 0 0 rg BT 510.85 740.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 728.10 Td (other ) Tj ET Q q 0 0 0 rg BT 83.38 728.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 125.87 728.10 Td (assets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 93.16 707.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 127.93 707.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 161.58 707.10 Td (may ) Tj ET Q q 0 0 0 rg BT 182.46 707.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 221.65 707.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 266.96 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.96 707.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 302.62 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.83 707.10 Td (future ) Tj ET Q q 0 0 0 rg BT 351.05 707.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 378.87 707.10 Td (which ) Tj ET Q q 0 0 0 rg BT 407.54 707.10 Td (could ) Tj ET Q q 0 0 0 rg BT 433.97 707.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 479.29 707.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 521.26 707.10 Td (af) Tj ET Q q 0 0 0 rg BT 529.41 707.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 548.05 707.10 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 678.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 115.31 678.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 148.23 678.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 181.16 678.10 Td (may ) Tj ET Q q 0 0 0 rg BT 201.30 678.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 238.65 678.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 282.11 678.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.82 678.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 315.75 678.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.12 678.10 Td (future ) Tj ET Q q 0 0 0 rg BT 359.93 678.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 386.45 678.10 Td (which ) Tj ET Q q 0 0 0 rg BT 413.82 678.10 Td (could ) Tj ET Q q 0 0 0 rg BT 438.97 678.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 482.44 678.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 523.68 678.10 Td (af) Tj ET Q q 0 0 0 rg BT 531.27 678.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.18 678.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.10 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.42 666.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 120.38 666.10 Td (that ) Tj ET Q q 0 0 0 rg BT 137.91 666.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 178.75 666.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 208.49 666.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 248.78 666.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 281.30 666.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 317.71 666.10 Td (include ) Tj ET Q q 0 0 0 rg BT 349.67 666.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 393.29 666.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 433.58 666.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 465.54 666.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 489.45 666.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 523.62 666.10 Td (consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.69 654.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 99.65 654.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 133.05 654.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.46 654.10 Td (mortgages, ) Tj ET Q q 0 0 0 rg BT 192.37 654.10 Td (more ) Tj ET Q q 0 0 0 rg BT 214.66 654.10 Td (stringent ) Tj ET Q q 0 0 0 rg BT 251.40 654.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 304.81 654.10 Td (guidelines, ) Tj ET Q q 0 0 0 rg BT 350.16 654.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 391.32 654.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 426.96 654.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.49 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.45 654.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 492.74 654.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 532.25 654.10 Td (market, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.10 Td (high ) Tj ET Q q 0 0 0 rg BT 70.62 642.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 97.28 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.95 642.10 Td (unemployment, ) Tj ET Q q 0 0 0 rg BT 174.78 642.10 Td (high ) Tj ET Q q 0 0 0 rg BT 195.90 642.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 222.56 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.23 642.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 276.45 642.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 299.50 642.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 325.61 642.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 367.82 642.10 Td (confidence, ) Tj ET Q q 0 0 0 rg BT 417.53 642.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 453.07 642.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.19 642.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 479.74 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.52 642.10 Td (other ) Tj ET Q q 0 0 0 rg BT 521.41 642.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 85.60 630.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.32 630.10 Td (number ) Tj ET Q q 0 0 0 rg BT 133.37 630.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.20 630.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 178.36 630.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 222.52 630.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 255.01 630.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.17 630.10 Td (refinancing, ) Tj ET Q q 0 0 0 rg BT 319.70 630.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.64 630.10 Td (other ) Tj ET Q q 0 0 0 rg BT 359.69 630.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 426.04 630.10 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.75 630.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 613.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 115.19 613.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 147.45 613.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 169.14 613.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.16 613.10 Td (influenced ) Tj ET Q q 0 0 0 rg BT 229.18 613.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.00 613.10 Td (a ) Tj ET Q q 0 0 0 rg BT 249.26 613.10 Td (number ) Tj ET Q q 0 0 0 rg BT 282.62 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.77 613.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 326.29 613.10 Td (including ) Tj ET Q q 0 0 0 rg BT 366.88 613.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 407.46 613.10 Td (policy) Tj ET Q q 0 0 0 rg BT 431.81 613.10 Td (. ) Tj ET Q q 0 0 0 rg BT 437.13 613.10 Td (In ) Tj ET Q q 0 0 0 rg BT 448.28 613.10 Td (December ) Tj ET Q q 0 0 0 rg BT 492.18 613.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 517.49 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.53 613.10 Td (Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 83.94 601.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 107.29 601.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 133.41 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.86 601.10 Td (tar) Tj ET Q q 0 0 0 rg BT 158.23 601.10 Td (get ) Tj ET Q q 0 0 0 rg BT 172.68 601.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 202.67 601.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 227.13 601.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 244.36 601.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.03 601.10 Td (between ) Tj ET Q q 0 0 0 rg BT 301.58 601.10 Td (0.25% ) Tj ET Q q 0 0 0 rg BT 329.65 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.33 601.10 Td (0.50% ) Tj ET Q q 0 0 0 rg BT 374.40 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.41 601.10 Td (between ) Tj ET Q q 0 0 0 rg BT 419.97 601.10 Td (0.50% ) Tj ET Q q 0 0 0 rg BT 448.03 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.71 601.10 Td (0.75%, ) Tj ET Q q 0 0 0 rg BT 495.28 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.95 601.10 Td (signaled ) Tj ET Q q 0 0 0 rg BT 547.52 601.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.17 589.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 94.37 589.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 119.05 589.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 136.48 589.10 Td (could ) Tj ET Q q 0 0 0 rg BT 161.15 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 173.04 589.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 213.25 589.10 Td (further ) Tj ET Q q 0 0 0 rg BT 242.90 589.10 Td (over ) Tj ET Q q 0 0 0 rg BT 263.12 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.79 589.10 Td (next ) Tj ET Q q 0 0 0 rg BT 297.46 589.10 Td (several ) Tj ET Q q 0 0 0 rg BT 328.23 589.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 354.10 589.10 Td (This ) Tj ET Q q 0 0 0 rg BT 374.33 589.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 409.53 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.76 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.43 589.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 464.64 589.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 489.31 589.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 506.74 589.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 554.74 589.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.13 577.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 96.08 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.05 577.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 146.00 577.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 167.07 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.04 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.45 577.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 218.08 577.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 248.59 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.11 577.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 281.31 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.94 577.10 Td (first ) Tj ET Q q 0 0 0 rg BT 316.24 577.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 346.75 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.27 577.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 379.46 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.09 577.10 Td (may ) Tj ET Q q 0 0 0 rg BT 415.50 577.10 Td (result ) Tj ET Q q 0 0 0 rg BT 439.91 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.88 577.10 Td (future ) Tj ET Q q 0 0 0 rg BT 475.95 577.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 515.91 577.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 547.53 577.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (increases. ) Tj ET Q q 0 0 0 rg BT 91.23 565.10 Td (Increases ) Tj ET Q q 0 0 0 rg BT 131.00 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.36 565.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 181.70 565.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 213.72 565.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 235.17 565.10 Td (could ) Tj ET Q q 0 0 0 rg BT 259.97 565.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 289.19 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.99 565.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 336.57 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.48 565.10 Td (new ) Tj ET Q q 0 0 0 rg BT 366.71 565.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 410.95 565.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 454.07 565.10 Td (materially) Tj ET Q q 0 0 0 rg BT 493.96 565.10 Td (, ) Tj ET Q q 0 0 0 rg BT 499.04 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.40 565.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 550.29 565.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 82.89 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.61 553.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 135.77 553.10 Td (refinancings. ) Tj ET Q q 0 0 0 rg BT 191.09 553.10 Td (In ) Tj ET Q q 0 0 0 rg BT 202.81 553.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 241.48 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.20 553.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 306.58 553.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 345.51 553.10 Td (typically) Tj ET Q q 0 0 0 rg BT 379.85 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 385.75 553.10 Td (but ) Tj ET Q q 0 0 0 rg BT 401.92 553.10 Td (not ) Tj ET Q q 0 0 0 rg BT 418.09 553.10 Td (always, ) Tj ET Q q 0 0 0 rg BT 451.75 553.10 Td (track ) Tj ET Q q 0 0 0 rg BT 475.13 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.74 553.10 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 538.57 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 553.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 93.94 541.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 134.49 541.10 Td (industry) Tj ET Q q 0 0 0 rg BT 166.62 541.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.91 541.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.47 541.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 233.02 541.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 265.79 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.36 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.37 541.10 Td (second ) Tj ET Q q 0 0 0 rg BT 321.92 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.15 541.10 Td (third ) Tj ET Q q 0 0 0 rg BT 360.82 541.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 391.93 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.15 541.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 443.59 541.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 476.37 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.93 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.94 541.10 Td (first ) Tj ET Q q 0 0 0 rg BT 520.83 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.06 541.10 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 84.36 529.10 Td (as ) Tj ET Q q 0 0 0 rg BT 95.33 529.10 Td (home ) Tj ET Q q 0 0 0 rg BT 120.20 529.10 Td (buyers ) Tj ET Q q 0 0 0 rg BT 149.51 529.10 Td (tend ) Tj ET Q q 0 0 0 rg BT 169.38 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.80 529.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 217.99 529.10 Td (their ) Tj ET Q q 0 0 0 rg BT 238.96 529.10 Td (homes ) Tj ET Q q 0 0 0 rg BT 267.72 529.10 Td (during ) Tj ET Q q 0 0 0 rg BT 296.48 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.34 529.10 Td (spring ) Tj ET Q q 0 0 0 rg BT 338.99 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.08 529.10 Td (summer ) Tj ET Q q 0 0 0 rg BT 390.95 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.37 529.10 Td (order ) Tj ET Q q 0 0 0 rg BT 425.12 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.55 529.10 Td (move ) Tj ET Q q 0 0 0 rg BT 460.41 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.84 529.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.93 529.10 Td (new ) Tj ET Q q 0 0 0 rg BT 497.24 529.10 Td (home ) Tj ET Q q 0 0 0 rg BT 522.10 529.10 Td (before ) Tj ET Q q 0 0 0 rg BT 550.29 529.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (start ) Tj ET Q q 0 0 0 rg BT 68.76 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.13 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.39 517.10 Td (school ) Tj ET Q q 0 0 0 rg BT 121.55 517.10 Td (year) Tj ET Q q 0 0 0 rg BT 138.20 517.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.29 517.10 Td (As ) Tj ET Q q 0 0 0 rg BT 155.45 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.93 517.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 188.69 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.17 517.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 222.76 517.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 268.11 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.48 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.86 517.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 340.88 517.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 378.47 517.10 Td (have ) Tj ET Q q 0 0 0 rg BT 399.39 517.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 446.42 517.10 Td (been ) Tj ET Q q 0 0 0 rg BT 467.34 517.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 513.25 517.10 Td (during ) Tj ET Q q 0 0 0 rg BT 541.40 517.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.10 Td (quarters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 488.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 488.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.21 488.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 127.95 488.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 163.90 488.10 Td (that ) Tj ET Q q 0 0 0 rg BT 181.54 488.10 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.30 488.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.94 488.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.27 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.90 488.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.32 488.10 Td (45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.65 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.29 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.26 488.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.22 488.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.40 488.10 Td (have ) Tj ET Q q 0 0 0 rg BT 380.92 488.10 Td (some ) Tj ET Q q 0 0 0 rg BT 404.66 488.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 430.06 488.10 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 473.81 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.23 488.10 Td (volume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.23 488.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.78 488.10 Td (A) Tj ET Q q 0 0 0 rg BT 525.45 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.09 488.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.02 476.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 104.41 476.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 144.91 476.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 181.54 476.10 Td (could ) Tj ET Q q 0 0 0 rg BT 206.50 476.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 249.78 476.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 290.83 476.10 Td (af) Tj ET Q q 0 0 0 rg BT 298.42 476.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 316.15 476.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.22 476.10 Td (business ) Tj ET Q q 0 0 0 rg BT 368.85 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.03 476.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 426.53 476.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 457.88 476.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 513.11 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.29 476.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 85.18 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.22 464.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 133.25 464.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 164.51 464.10 Td (could ) Tj ET Q q 0 0 0 rg BT 187.99 464.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 230.90 464.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 259.38 464.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.97 464.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 318.28 464.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 354.54 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.58 464.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.28 464.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 408.31 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.90 464.10 Td (their ) Tj ET Q q 0 0 0 rg BT 437.49 464.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 484.30 464.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 508.62 464.10 Td (consolidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.34 452.10 Td (other ) Tj ET Q q 0 0 0 rg BT 91.94 452.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 122.87 452.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.26 452.10 Td (cessation ) Tj ET Q q 0 0 0 rg BT 171.97 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.36 452.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 228.57 452.10 Td (If ) Tj ET Q q 0 0 0 rg BT 237.29 452.10 Td (any ) Tj ET Q q 0 0 0 rg BT 253.79 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.17 452.10 Td (these ) Tj ET Q q 0 0 0 rg BT 286.78 452.10 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 317.43 452.10 Td (it ) Tj ET Q q 0 0 0 rg BT 325.05 452.10 Td (could ) Tj ET Q q 0 0 0 rg BT 349.32 452.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 391.91 452.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 432.29 452.10 Td (af) Tj ET Q q 0 0 0 rg BT 439.88 452.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 456.92 452.10 Td (our ) Tj ET Q q 0 0 0 rg BT 472.30 452.10 Td (business ) Tj ET Q q 0 0 0 rg BT 508.25 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.75 452.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 414.60 Td (e ) Tj ET Q q 0 0 0 rg BT 63.86 414.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 93.98 414.60 Td (accurately ) Tj ET Q q 0 0 0 rg BT 138.52 414.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 168.62 414.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 220.97 414.60 Td (renewal ) Tj ET Q q 0 0 0 rg BT 255.52 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 266.19 414.60 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 301.86 414.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 323.64 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.97 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.53 414.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.08 414.60 Td (these ) Tj ET Q q 0 0 0 rg BT 407.96 414.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 429.74 414.60 Td (may ) Tj ET Q q 0 0 0 rg BT 448.73 414.60 Td (have ) Tj ET Q q 0 0 0 rg BT 469.95 414.60 Td (on ) Tj ET Q q 0 0 0 rg BT 482.29 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 498.52 414.60 Td (future ) Tj ET Q q 0 0 0 rg BT 525.85 414.60 Td (revenues ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.56 402.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 109.51 402.60 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 385.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.10 385.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 133.70 385.60 Td (have ) Tj ET Q q 0 0 0 rg BT 154.63 385.60 Td (no ) Tj ET Q q 0 0 0 rg BT 166.68 385.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 209.28 385.60 Td (to ) Tj ET Q q 0 0 0 rg BT 219.11 385.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 245.59 385.60 Td (their ) Tj ET Q q 0 0 0 rg BT 265.97 385.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 320.79 385.60 Td (for ) Tj ET Q q 0 0 0 rg BT 334.51 385.60 Td (our ) Tj ET Q q 0 0 0 rg BT 349.89 385.60 Td (service ) Tj ET Q q 0 0 0 rg BT 380.25 385.60 Td (after ) Tj ET Q q 0 0 0 rg BT 400.62 385.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.89 385.60 Td (expiration ) Tj ET Q q 0 0 0 rg BT 457.48 385.60 Td (of ) Tj ET Q q 0 0 0 rg BT 467.86 385.60 Td (their ) Tj ET Q q 0 0 0 rg BT 488.24 385.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 513.62 385.60 Td (subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.60 Td (period, ) Tj ET Q q 0 0 0 rg BT 79.79 373.60 Td (which ) Tj ET Q q 0 0 0 rg BT 106.48 373.60 Td (ranges ) Tj ET Q q 0 0 0 rg BT 134.82 373.60 Td (from ) Tj ET Q q 0 0 0 rg BT 156.51 373.60 Td (one ) Tj ET Q q 0 0 0 rg BT 173.19 373.60 Td (to ) Tj ET Q q 0 0 0 rg BT 183.22 373.60 Td (five ) Tj ET Q q 0 0 0 rg BT 201.01 373.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 226.69 373.60 Td (They ) Tj ET Q q 0 0 0 rg BT 249.48 373.60 Td (may ) Tj ET Q q 0 0 0 rg BT 268.95 373.60 Td (also ) Tj ET Q q 0 0 0 rg BT 287.30 373.60 Td (choose ) Tj ET Q q 0 0 0 rg BT 317.32 373.60 Td (to ) Tj ET Q q 0 0 0 rg BT 327.34 373.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 354.02 373.60 Td (their ) Tj ET Q q 0 0 0 rg BT 374.59 373.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 429.61 373.60 Td (at ) Tj ET Q q 0 0 0 rg BT 439.07 373.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 464.09 373.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 492.16 373.60 Td (In ) Tj ET Q q 0 0 0 rg BT 502.74 373.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 540.26 373.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 373.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.60 Td (first ) Tj ET Q q 0 0 0 rg BT 68.35 361.60 Td (year ) Tj ET Q q 0 0 0 rg BT 88.31 361.60 Td (of ) Tj ET Q q 0 0 0 rg BT 99.39 361.60 Td (a ) Tj ET Q q 0 0 0 rg BT 106.57 361.60 Td (subscription, ) Tj ET Q q 0 0 0 rg BT 160.70 361.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 204.00 361.60 Td (often ) Tj ET Q q 0 0 0 rg BT 227.29 361.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 265.57 361.60 Td (a ) Tj ET Q q 0 0 0 rg BT 272.76 361.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 301.05 361.60 Td (level ) Tj ET Q q 0 0 0 rg BT 323.23 361.60 Td (of ) Tj ET Q q 0 0 0 rg BT 334.31 361.60 Td (professional ) Tj ET Q q 0 0 0 rg BT 385.93 361.60 Td (services ) Tj ET Q q 0 0 0 rg BT 420.89 361.60 Td (than ) Tj ET Q q 0 0 0 rg BT 440.85 361.60 Td (they ) Tj ET Q q 0 0 0 rg BT 460.81 361.60 Td (do ) Tj ET Q q 0 0 0 rg BT 473.56 361.60 Td (in ) Tj ET Q q 0 0 0 rg BT 484.08 361.60 Td (renewal ) Tj ET Q q 0 0 0 rg BT 518.48 361.60 Td (years. ) Tj ET Q q 0 0 0 rg BT 544.22 361.60 Td (As ) Tj ET Q q 0 0 0 rg BT 558.08 361.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 77.68 349.60 Td (our ) Tj ET Q q 0 0 0 rg BT 94.47 349.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 123.48 349.60 Td (to ) Tj ET Q q 0 0 0 rg BT 134.72 349.60 Td (grow ) Tj ET Q q 0 0 0 rg BT 158.73 349.60 Td (is ) Tj ET Q q 0 0 0 rg BT 168.86 349.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 213.42 349.60 Td (in ) Tj ET Q q 0 0 0 rg BT 224.66 349.60 Td (part ) Tj ET Q q 0 0 0 rg BT 243.67 349.60 Td (on ) Tj ET Q q 0 0 0 rg BT 257.13 349.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 301.13 349.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 348.47 349.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 391.92 349.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 448.16 349.60 Td (and ) Tj ET Q q 0 0 0 rg BT 466.06 349.60 Td (services ) Tj ET Q q 0 0 0 rg BT 501.73 349.60 Td (after ) Tj ET Q q 0 0 0 rg BT 523.51 349.60 Td (the ) Tj ET Q q 0 0 0 rg BT 539.18 349.60 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 102.05 337.60 Td (term. ) Tj ET Q q 0 0 0 rg BT 126.28 337.60 Td (W) Tj ET Q q 0 0 0 rg BT 134.92 337.60 Td (e ) Tj ET Q q 0 0 0 rg BT 143.02 337.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 173.34 337.60 Td (accurately ) Tj ET Q q 0 0 0 rg BT 218.09 337.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 249.52 337.60 Td (renewal ) Tj ET Q q 0 0 0 rg BT 284.83 337.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 307.37 337.60 Td (given ) Tj ET Q q 0 0 0 rg BT 333.25 337.60 Td (our ) Tj ET Q q 0 0 0 rg BT 350.25 337.60 Td (varied ) Tj ET Q q 0 0 0 rg BT 378.90 337.60 Td (customer ) Tj ET Q q 0 0 0 rg BT 419.22 337.60 Td (base ) Tj ET Q q 0 0 0 rg BT 440.66 337.60 Td (and ) Tj ET Q q 0 0 0 rg BT 458.76 337.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.65 337.60 Td (number ) Tj ET Q q 0 0 0 rg BT 508.86 337.60 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 337.60 Td (multi-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.60 Td (subscription ) Tj ET Q q 0 0 0 rg BT 100.09 325.60 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 140.39 325.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 157.65 325.60 Td (customers) Tj ET Q q 0 0 0 rg BT 200.78 325.60 Td ( ) Tj ET Q q 0 0 0 rg BT 202.49 325.60 Td (renewal ) Tj ET Q q 0 0 0 rg BT 235.84 325.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 256.42 325.60 Td (may ) Tj ET Q q 0 0 0 rg BT 275.35 325.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 305.92 325.60 Td (or ) Tj ET Q q 0 0 0 rg BT 315.96 325.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 352.64 325.60 Td (because ) Tj ET Q q 0 0 0 rg BT 386.00 325.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.03 325.60 Td (several ) Tj ET Q q 0 0 0 rg BT 426.05 325.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 457.46 325.60 Td (including ) Tj ET Q q 0 0 0 rg BT 496.94 325.60 Td (their ) Tj ET Q q 0 0 0 rg BT 516.97 325.60 Td (satisfaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.03 313.60 Td (dissatisfaction ) Tj ET Q q 0 0 0 rg BT 119.45 313.60 Td (with ) Tj ET Q q 0 0 0 rg BT 139.43 313.60 Td (our ) Tj ET Q q 0 0 0 rg BT 154.96 313.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 191.87 313.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.29 313.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 232.37 313.60 Td (of ) Tj ET Q q 0 0 0 rg BT 242.90 313.60 Td (our ) Tj ET Q q 0 0 0 rg BT 258.43 313.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 295.34 313.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 329.75 313.60 Td (to ) Tj ET Q q 0 0 0 rg BT 339.73 313.60 Td (the ) Tj ET Q q 0 0 0 rg BT 354.15 313.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 390.23 313.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 416.31 313.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.84 313.60 Td (our ) Tj ET Q q 0 0 0 rg BT 442.37 313.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 479.28 313.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.70 313.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 519.78 313.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.31 313.60 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.60 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 301.60 Td (fered ) Tj ET Q q 0 0 0 rg BT 80.00 301.60 Td (by ) Tj ET Q q 0 0 0 rg BT 91.82 301.60 Td (our ) Tj ET Q q 0 0 0 rg BT 106.97 301.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 155.99 301.60 Td (or ) Tj ET Q q 0 0 0 rg BT 166.14 301.60 Td (reductions ) Tj ET Q q 0 0 0 rg BT 209.61 301.60 Td (in ) Tj ET Q q 0 0 0 rg BT 219.21 301.60 Td (our ) Tj ET Q q 0 0 0 rg BT 234.35 301.60 Td (customers) Tj ET Q q 0 0 0 rg BT 277.49 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 279.30 301.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 317.23 301.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 342.37 301.60 Td (due ) Tj ET Q q 0 0 0 rg BT 358.63 301.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.22 301.60 Td (the ) Tj ET Q q 0 0 0 rg BT 382.25 301.60 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 447.93 301.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 500.29 301.60 Td (or ) Tj ET Q q 0 0 0 rg BT 510.43 301.60 Td (other ) Tj ET Q q 0 0 0 rg BT 532.80 301.60 Td (factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.60 Td (If ) Tj ET Q q 0 0 0 rg BT 59.08 289.60 Td (our ) Tj ET Q q 0 0 0 rg BT 75.33 289.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 118.80 289.60 Td (do ) Tj ET Q q 0 0 0 rg BT 131.72 289.60 Td (not ) Tj ET Q q 0 0 0 rg BT 147.42 289.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 174.77 289.60 Td (their ) Tj ET Q q 0 0 0 rg BT 196.02 289.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 251.72 289.60 Td (for ) Tj ET Q q 0 0 0 rg BT 266.30 289.60 Td (our ) Tj ET Q q 0 0 0 rg BT 282.55 289.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 320.18 289.60 Td (renew ) Tj ET Q q 0 0 0 rg BT 347.53 289.60 Td (on ) Tj ET Q q 0 0 0 rg BT 360.45 289.60 Td (less ) Tj ET Q q 0 0 0 rg BT 378.37 289.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 419.05 289.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 444.19 289.60 Td (or ) Tj ET Q q 0 0 0 rg BT 455.44 289.60 Td (do ) Tj ET Q q 0 0 0 rg BT 468.36 289.60 Td (not ) Tj ET Q q 0 0 0 rg BT 484.06 289.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 522.52 289.60 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.60 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 105.29 277.60 Td (or ) Tj ET Q q 0 0 0 rg BT 116.63 277.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 154.34 277.60 Td (our ) Tj ET Q q 0 0 0 rg BT 170.68 277.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 209.23 277.60 Td (may ) Tj ET Q q 0 0 0 rg BT 229.46 277.60 Td (grow ) Tj ET Q q 0 0 0 rg BT 253.02 277.60 Td (more ) Tj ET Q q 0 0 0 rg BT 276.57 277.60 Td (slowly ) Tj ET Q q 0 0 0 rg BT 306.25 277.60 Td (than ) Tj ET Q q 0 0 0 rg BT 326.48 277.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 365.02 277.60 Td (or ) Tj ET Q q 0 0 0 rg BT 376.36 277.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 408.24 277.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.69 277.60 Td (our ) Tj ET Q q 0 0 0 rg BT 442.03 277.60 Td (profitability ) Tj ET Q q 0 0 0 rg BT 492.80 277.60 Td (and ) Tj ET Q q 0 0 0 rg BT 510.25 277.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 534.38 277.60 Td (mar) Tj ET Q q 0 0 0 rg BT 549.74 277.60 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.60 Td (percentage ) Tj ET Q q 0 0 0 rg BT 95.30 265.60 Td (may ) Tj ET Q q 0 0 0 rg BT 115.02 265.60 Td (be ) Tj ET Q q 0 0 0 rg BT 126.96 265.60 Td (harmed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 240.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.78 240.10 Td (future ) Tj ET Q q 0 0 0 rg BT 96.95 240.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 152.33 240.10 Td (will ) Tj ET Q q 0 0 0 rg BT 169.95 240.10 Td (be ) Tj ET Q q 0 0 0 rg BT 181.99 240.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 210.72 240.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 255.55 240.10 Td (on ) Tj ET Q q 0 0 0 rg BT 268.72 240.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.78 240.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 313.94 240.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.33 240.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 356.93 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.32 240.10 Td (use ) Tj ET Q q 0 0 0 rg BT 388.82 240.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.76 240.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 444.03 240.10 Td (services ) Tj ET Q q 0 0 0 rg BT 478.85 240.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 494.52 240.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.69 240.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 549.73 240.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (number ) Tj ET Q q 0 0 0 rg BT 84.23 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.06 228.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 148.13 228.10 Td (ef) Tj ET Q q 0 0 0 rg BT 155.72 228.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 182.64 228.10 Td (through, ) Tj ET Q q 0 0 0 rg BT 221.00 228.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.28 228.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 258.22 228.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 279.05 228.10 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 211.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 211.10 Td (o ) Tj ET Q q 0 0 0 rg BT 87.13 211.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 110.90 211.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.45 211.10 Td (base ) Tj ET Q q 0 0 0 rg BT 148.43 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.98 211.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 182.08 211.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 203.07 211.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 241.27 211.10 Td (participants, ) Tj ET Q q 0 0 0 rg BT 293.64 211.10 Td (we ) Tj ET Q q 0 0 0 rg BT 308.52 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.18 211.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 370.49 211.10 Td (service ) Tj ET Q q 0 0 0 rg BT 402.03 211.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 443.01 211.10 Td (must ) Tj ET Q q 0 0 0 rg BT 465.68 211.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 503.33 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.33 211.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 550.30 211.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (features ) Tj ET Q q 0 0 0 rg BT 82.63 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.55 199.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 151.13 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.95 199.10 Td (of) Tj ET Q q 0 0 0 rg BT 169.10 199.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 198.35 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.61 199.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 231.59 199.10 Td (In ) Tj ET Q q 0 0 0 rg BT 241.40 199.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 278.16 199.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 320.74 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.44 199.10 Td (number ) Tj ET Q q 0 0 0 rg BT 366.47 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.28 199.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 418.86 199.10 Td (service ) Tj ET Q q 0 0 0 rg BT 448.66 199.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 497.91 199.10 Td (ef) Tj ET Q q 0 0 0 rg BT 505.50 199.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 531.40 199.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.77 187.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 84.71 187.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 104.53 187.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 141.58 187.10 Td (will ) Tj ET Q q 0 0 0 rg BT 159.19 187.10 Td (depend, ) Tj ET Q q 0 0 0 rg BT 192.62 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.45 187.10 Td (part, ) Tj ET Q q 0 0 0 rg BT 222.55 187.10 Td (on ) Tj ET Q q 0 0 0 rg BT 234.61 187.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 277.76 187.10 Td (service ) Tj ET Q q 0 0 0 rg BT 308.13 187.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 347.96 187.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 391.10 187.10 Td (their ) Tj ET Q q 0 0 0 rg BT 411.48 187.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 449.63 187.10 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 499.72 187.10 Td (which ) Tj ET Q q 0 0 0 rg BT 526.21 187.10 Td (is ) Tj ET Q q 0 0 0 rg BT 534.94 187.10 Td (lar) Tj ET Q q 0 0 0 rg BT 545.30 187.10 Td (gely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 81.44 175.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.27 175.10 Td (control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 158.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 158.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.26 158.10 Td (must ) Tj ET Q q 0 0 0 rg BT 113.39 158.10 Td (also ) Tj ET Q q 0 0 0 rg BT 133.18 158.10 Td (convince ) Tj ET Q q 0 0 0 rg BT 172.95 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.07 158.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 212.52 158.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.53 158.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 263.20 158.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 285.77 158.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 307.22 158.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 345.89 158.10 Td (participants, ) Tj ET Q q 0 0 0 rg BT 398.72 158.10 Td (including ) Tj ET Q q 0 0 0 rg BT 440.17 158.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 481.62 158.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 516.68 158.10 Td (originators, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 92.88 146.10 Td (service ) Tj ET Q q 0 0 0 rg BT 123.47 146.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 166.02 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.74 146.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 206.67 146.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 240.33 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.94 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.43 146.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 299.37 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.98 146.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 351.68 146.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 397.84 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.56 146.10 Td (network ) Tj ET Q q 0 0 0 rg BT 449.60 146.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 502.42 146.10 Td (as ) Tj ET Q q 0 0 0 rg BT 513.03 146.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.73 146.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 93.10 134.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 133.36 134.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 179.74 134.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 216.13 134.10 Td (including ) Tj ET Q q 0 0 0 rg BT 256.40 134.10 Td (paper) Tj ET Q q 0 0 0 rg BT 278.21 134.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.21 134.10 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 324.86 134.10 Td (courier) Tj ET Q q 0 0 0 rg BT 352.78 134.10 Td (, ) Tj ET Q q 0 0 0 rg BT 357.78 134.10 Td (mail, ) Tj ET Q q 0 0 0 rg BT 380.55 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.49 134.10 Td (email.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 117.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 117.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.29 117.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 118.66 117.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 160.23 117.10 Td (that ) Tj ET Q q 0 0 0 rg BT 177.94 117.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.98 117.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 215.58 117.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 236.06 117.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 273.76 117.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.91 117.10 Td (other ) Tj ET Q q 0 0 0 rg BT 314.17 117.10 Td (service ) Tj ET Q q 0 0 0 rg BT 345.20 117.10 Td (of) Tj ET Q q 0 0 0 rg BT 353.35 117.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 383.83 117.10 Td (will ) Tj ET Q q 0 0 0 rg BT 402.10 117.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 435.34 117.10 Td (market ) Tj ET Q q 0 0 0 rg BT 465.82 117.10 Td (acceptance. ) Tj ET Q q 0 0 0 rg BT 514.88 117.10 Td (In ) Tj ET Q q 0 0 0 rg BT 525.92 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.85 117.10 Td (event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 105.10 Td (ef) Tj ET Q q 0 0 0 rg BT 80.13 105.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 100.96 105.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.67 105.10 Td (not ) Tj ET Q q 0 0 0 rg BT 130.95 105.10 Td (successful, ) Tj ET Q q 0 0 0 rg BT 177.05 105.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.88 105.10 Td (business ) Tj ET Q q 0 0 0 rg BT 229.27 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.21 105.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 277.04 105.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 317.31 105.10 Td (would ) Tj ET Q q 0 0 0 rg BT 344.81 105.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.75 105.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 397.56 105.10 Td (af) Tj ET Q q 0 0 0 rg BT 405.15 105.10 Td (fected.) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (18) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 740.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.47 740.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 92.94 740.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.32 740.25 Td (number ) Tj ET Q q 0 0 0 rg BT 134.92 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.63 740.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 176.34 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.50 740.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 212.21 740.25 Td (our ) Tj ET Q q 0 0 0 rg BT 229.04 740.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 270.86 740.25 Td (results ) Tj ET Q q 0 0 0 rg BT 300.47 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.63 740.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 349.67 740.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.61 740.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.99 740.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 410.14 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.08 740.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 459.92 740.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 485.36 740.25 Td (which ) Tj ET Q q 0 0 0 rg BT 512.75 740.25 Td (may ) Tj ET Q q 0 0 0 rg BT 532.35 740.25 Td (make ) Tj ET Q q 0 0 0 rg BT 556.94 740.25 Td (it ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 728.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 84.59 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.87 728.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 125.70 728.25 Td (our ) Tj ET Q q 0 0 0 rg BT 142.65 728.25 Td (future ) Tj ET Q q 0 0 0 rg BT 170.71 728.25 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 711.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.33 711.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 129.15 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.87 711.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 185.91 711.25 Td (results ) Tj ET Q q 0 0 0 rg BT 214.30 711.25 Td (have ) Tj ET Q q 0 0 0 rg BT 235.46 711.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.52 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 711.25 Td (past ) Tj ET Q q 0 0 0 rg BT 278.40 711.25 Td (varied ) Tj ET Q q 0 0 0 rg BT 305.67 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.39 711.25 Td (could ) Tj ET Q q 0 0 0 rg BT 346.88 711.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.94 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.44 711.25 Td (future ) Tj ET Q q 0 0 0 rg BT 397.60 711.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 417.65 711.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 469.92 711.25 Td (from ) Tj ET Q q 0 0 0 rg BT 491.63 711.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 519.75 711.25 Td (-to-quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.68 699.25 Td (year) Tj ET Q q 0 0 0 rg BT 83.69 699.25 Td (-to-year ) Tj ET Q q 0 0 0 rg BT 118.08 699.25 Td (because ) Tj ET Q q 0 0 0 rg BT 152.47 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.54 699.25 Td (a ) Tj ET Q q 0 0 0 rg BT 170.73 699.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 201.23 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.31 699.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 244.76 699.25 Td (many ) Tj ET Q q 0 0 0 rg BT 269.72 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.79 699.25 Td (which ) Tj ET Q q 0 0 0 rg BT 307.98 699.25 Td (are ) Tj ET Q q 0 0 0 rg BT 322.93 699.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 354.56 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.63 699.25 Td (our ) Tj ET Q q 0 0 0 rg BT 381.71 699.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 414.67 699.25 Td (As ) Tj ET Q q 0 0 0 rg BT 428.53 699.25 Td (a ) Tj ET Q q 0 0 0 rg BT 435.71 699.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 463.17 699.25 Td (comparing ) Tj ET Q q 0 0 0 rg BT 508.68 699.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.75 699.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.07 687.25 Td (on ) Tj ET Q q 0 0 0 rg BT 90.54 687.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.44 687.25 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 165.43 687.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 187.90 687.25 Td (may ) Tj ET Q q 0 0 0 rg BT 207.58 687.25 Td (not ) Tj ET Q q 0 0 0 rg BT 222.82 687.25 Td (be ) Tj ET Q q 0 0 0 rg BT 234.72 687.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 276.61 687.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.41 687.25 Td (future ) Tj ET Q q 0 0 0 rg BT 313.75 687.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 353.97 687.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 385.04 687.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.51 687.25 Td (In ) Tj ET Q q 0 0 0 rg BT 398.30 687.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 433.54 687.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.78 687.25 Td (other ) Tj ET Q q 0 0 0 rg BT 466.79 687.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 484.25 687.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 513.92 687.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 554.72 687.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (this ) Tj ET Q q 0 0 0 rg BT 66.45 675.25 Td (section, ) Tj ET Q q 0 0 0 rg BT 99.77 675.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 129.48 675.25 Td (that ) Tj ET Q q 0 0 0 rg BT 146.98 675.25 Td (may ) Tj ET Q q 0 0 0 rg BT 166.69 675.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 209.73 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.01 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.73 675.25 Td (variability ) Tj ET Q q 0 0 0 rg BT 278.33 675.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.16 675.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.99 675.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 343.58 675.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.52 675.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 389.68 675.25 Td (results ) Tj ET Q q 0 0 0 rg BT 418.28 675.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 658.25 Td (number ) Tj ET Q q 0 0 0 rg BT 153.31 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 658.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 212.19 658.25 Td (users;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 641.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 641.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 152.76 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.59 641.25 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 207.75 641.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 250.79 641.25 Td (by ) Tj ET Q q 0 0 0 rg BT 263.29 641.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 311.34 641.25 Td (users, ) Tj ET Q q 0 0 0 rg BT 336.89 641.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 379.37 641.25 Td (users ) Tj ET Q q 0 0 0 rg BT 402.42 641.25 Td (on ) Tj ET Q q 0 0 0 rg BT 414.92 641.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.75 641.25 Td (Success ) Tj ET Q q 0 0 0 rg BT 464.91 641.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 491.85 641.25 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.74 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 523.24 641.25 Td (model;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 624.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 624.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 151.92 624.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 184.42 624.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.92 624.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.63 624.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 233.02 624.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 253.28 624.25 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.27 624.25 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 607.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 607.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 155.26 607.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.54 607.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 205.80 607.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 238.30 607.25 Td (volume;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 590.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 590.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 152.75 590.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 170.80 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.63 590.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 219.67 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.61 590.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 276.30 590.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 308.80 590.25 Td (handled ) Tj ET Q q 0 0 0 rg BT 342.95 590.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.45 590.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 403.50 590.25 Td (users;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 573.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 573.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 573.25 Td (level ) Tj ET Q q 0 0 0 rg BT 142.20 573.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.03 573.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 187.19 573.25 Td (for ) Tj ET Q q 0 0 0 rg BT 201.35 573.25 Td (our ) Tj ET Q q 0 0 0 rg BT 217.18 573.25 Td (services;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 556.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 556.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 148.88 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.71 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.43 556.25 Td (introduction ) Tj ET Q q 0 0 0 rg BT 225.81 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.75 556.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 289.09 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.93 556.25 Td (new ) Tj ET Q q 0 0 0 rg BT 319.09 556.25 Td (services ) Tj ET Q q 0 0 0 rg BT 353.79 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.73 556.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 392.11 556.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 412.38 556.25 Td (Network ) Tj ET Q q 0 0 0 rg BT 449.87 556.25 Td (service ) Tj ET Q q 0 0 0 rg BT 480.69 556.25 Td (providers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 539.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 539.25 Td (any ) Tj ET Q q 0 0 0 rg BT 121.49 539.25 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 172.97 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.25 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.96 539.25 Td (value ) Tj ET Q q 0 0 0 rg BT 219.11 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.94 539.25 Td (our ) Tj ET Q q 0 0 0 rg BT 243.77 539.25 Td (property ) Tj ET Q q 0 0 0 rg BT 279.14 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.07 539.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 341.28 539.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 378.34 539.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.16 539.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 429.65 539.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 454.48 539.25 Td (as ) Tj ET Q q 0 0 0 rg BT 464.30 539.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.24 539.25 Td (result ) Tj ET Q q 0 0 0 rg BT 493.95 539.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.78 539.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.60 539.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 527.25 Td (or ) Tj ET Q q 0 0 0 rg BT 116.38 527.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 162.76 527.25 Td (activities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 510.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 510.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 128.05 510.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 171.64 510.25 Td (with ) Tj ET Q q 0 0 0 rg BT 191.92 510.25 Td (defending ) Tj ET Q q 0 0 0 rg BT 234.41 510.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 281.33 510.25 Td (property ) Tj ET Q q 0 0 0 rg BT 317.71 510.25 Td (infringement ) Tj ET Q q 0 0 0 rg BT 371.86 510.25 Td (and ) Tj ET Q q 0 0 0 rg BT 388.80 510.25 Td (other ) Tj ET Q q 0 0 0 rg BT 411.84 510.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 450.45 510.25 Td (claims; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 493.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 493.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 140.26 493.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.54 493.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 196.91 493.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 218.85 493.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 262.43 493.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.71 493.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.54 493.25 Td (business; ) Tj ET Q q 0 0 0 rg BT 327.71 493.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 476.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 476.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 140.32 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.66 476.25 Td (government ) Tj ET Q q 0 0 0 rg BT 200.98 476.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 244.09 476.25 Td (af) Tj ET Q q 0 0 0 rg BT 251.67 476.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 282.00 476.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 322.32 476.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 353.76 476.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.76 476.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 392.20 476.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 412.53 476.25 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.52 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 450.08 476.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 499.30 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 510.19 476.25 Td (our ) Tj ET Q q 0 0 0 rg BT 526.08 476.25 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.49 464.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 159.98 464.25 Td (structural ) Tj ET Q q 0 0 0 rg BT 200.24 464.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 234.95 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.23 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.94 464.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 280.23 464.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 324.38 464.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 364.64 464.25 Td (industry) Tj ET Q q 0 0 0 rg BT 396.77 464.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 447.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 92.70 447.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.02 447.25 Td (these ) Tj ET Q q 0 0 0 rg BT 126.11 447.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.10 447.25 Td (other ) Tj ET Q q 0 0 0 rg BT 166.19 447.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 198.44 447.25 Td (our ) Tj ET Q q 0 0 0 rg BT 214.31 447.25 Td (future ) Tj ET Q q 0 0 0 rg BT 240.73 447.25 Td (results ) Tj ET Q q 0 0 0 rg BT 269.38 447.25 Td (may ) Tj ET Q q 0 0 0 rg BT 289.14 447.25 Td (not ) Tj ET Q q 0 0 0 rg BT 304.46 447.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 328.65 447.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.52 447.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 382.05 447.25 Td (projections. ) Tj ET Q q 0 0 0 rg BT 431.52 447.25 Td (In ) Tj ET Q q 0 0 0 rg BT 442.40 447.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 480.21 447.25 Td (our ) Tj ET Q q 0 0 0 rg BT 496.08 447.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 536.39 447.25 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.20 435.25 Td (future ) Tj ET Q q 0 0 0 rg BT 85.01 435.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 116.37 435.25 Td (may ) Tj ET Q q 0 0 0 rg BT 135.52 435.25 Td (not ) Tj ET Q q 0 0 0 rg BT 150.22 435.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 171.58 435.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.72 435.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 237.63 435.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.89 435.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 285.92 435.25 Td (or ) Tj ET Q q 0 0 0 rg BT 296.18 435.25 Td (public ) Tj ET Q q 0 0 0 rg BT 323.10 435.25 Td (market ) Tj ET Q q 0 0 0 rg BT 352.79 435.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 386.93 435.25 Td (who ) Tj ET Q q 0 0 0 rg BT 406.08 435.25 Td (follow ) Tj ET Q q 0 0 0 rg BT 434.11 435.25 Td (our ) Tj ET Q q 0 0 0 rg BT 449.37 435.25 Td (company) Tj ET Q q 0 0 0 rg BT 485.38 435.25 Td (, ) Tj ET Q q 0 0 0 rg BT 489.80 435.25 Td (which ) Tj ET Q q 0 0 0 rg BT 516.17 435.25 Td (could ) Tj ET Q q 0 0 0 rg BT 540.31 435.25 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 423.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 88.84 423.25 Td (price ) Tj ET Q q 0 0 0 rg BT 111.28 423.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.51 423.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 152.83 423.25 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 183.61 423.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.50 423.25 Td (significantly) Tj ET Q q 0 0 0 rg BT 249.84 423.25 Td (. ) Tj ET Q q 0 0 0 rg BT 254.61 423.25 Td (The ) Tj ET Q q 0 0 0 rg BT 272.61 423.25 Td (results ) Tj ET Q q 0 0 0 rg BT 301.17 423.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.95 423.25 Td (any ) Tj ET Q q 0 0 0 rg BT 328.84 423.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 350.73 423.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 389.27 423.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.06 423.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 429.16 423.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 461.05 423.25 Td (should ) Tj ET Q q 0 0 0 rg BT 490.17 423.25 Td (not ) Tj ET Q q 0 0 0 rg BT 505.40 423.25 Td (be ) Tj ET Q q 0 0 0 rg BT 517.29 423.25 Td (relied ) Tj ET Q q 0 0 0 rg BT 542.51 423.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 411.25 Td (indications ) Tj ET Q q 0 0 0 rg BT 106.71 411.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.54 411.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.37 411.25 Td (future ) Tj ET Q q 0 0 0 rg BT 159.75 411.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.01 411.25 Td (performance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 390.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.34 390.25 Td (part ) Tj ET Q q 0 0 0 rg BT 93.07 390.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.46 390.25 Td (our ) Tj ET Q q 0 0 0 rg BT 119.97 390.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 142.03 390.25 Td (ef) Tj ET Q q 0 0 0 rg BT 149.62 390.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 170.57 390.25 Td (are ) Tj ET Q q 0 0 0 rg BT 185.96 390.25 Td (targeted ) Tj ET Q q 0 0 0 rg BT 221.34 390.25 Td (at ) Tj ET Q q 0 0 0 rg BT 231.18 390.25 Td (larger ) Tj ET Q q 0 0 0 rg BT 258.24 390.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 304.47 390.25 Td (our ) Tj ET Q q 0 0 0 rg BT 320.98 390.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 343.04 390.25 Td (cycle ) Tj ET Q q 0 0 0 rg BT 365.63 390.25 Td (may ) Tj ET Q q 0 0 0 rg BT 384.91 390.25 Td (become ) Tj ET Q q 0 0 0 rg BT 418.06 390.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 446.79 390.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.41 390.25 Td (more ) Tj ET Q q 0 0 0 rg BT 487.58 390.25 Td (expensive, ) Tj ET Q q 0 0 0 rg BT 532.13 390.25 Td (we ) Tj ET Q q 0 0 0 rg BT 545.29 390.25 Td (may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 378.25 Td (encounter ) Tj ET Q q 0 0 0 rg BT 93.67 378.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 125.61 378.25 Td (pressure ) Tj ET Q q 0 0 0 rg BT 163.12 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.17 378.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 248.12 378.25 Td (challenges, ) Tj ET Q q 0 0 0 rg BT 297.00 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.06 378.25 Td (we ) Tj ET Q q 0 0 0 rg BT 328.67 378.25 Td (may ) Tj ET Q q 0 0 0 rg BT 348.38 378.25 Td (have ) Tj ET Q q 0 0 0 rg BT 370.32 378.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.60 378.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 404.75 378.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 440.02 378.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 489.74 378.25 Td (for ) Tj ET Q q 0 0 0 rg BT 504.46 378.25 Td (some ) Tj ET Q q 0 0 0 rg BT 528.06 378.25 Td (complex ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 366.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 105.07 366.25 Td (all ) Tj ET Q q 0 0 0 rg BT 118.13 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.96 366.25 Td (which ) Tj ET Q q 0 0 0 rg BT 156.47 366.25 Td (could ) Tj ET Q q 0 0 0 rg BT 181.75 366.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 206.48 366.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.43 366.25 Td (business ) Tj ET Q q 0 0 0 rg BT 260.95 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.01 366.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 320.96 366.25 Td (results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 349.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 91.99 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.69 349.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.40 349.25 Td (business ) Tj ET Q q 0 0 0 rg BT 154.67 349.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 188.71 349.25 Td (is ) Tj ET Q q 0 0 0 rg BT 197.75 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.91 349.25 Td (tar) Tj ET Q q 0 0 0 rg BT 218.28 349.25 Td (get ) Tj ET Q q 0 0 0 rg BT 232.87 349.25 Td (lar) Tj ET Q q 0 0 0 rg BT 243.24 349.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 258.38 349.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 298.52 349.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 329.78 349.25 Td (that ) Tj ET Q q 0 0 0 rg BT 347.15 349.25 Td (handle ) Tj ET Q q 0 0 0 rg BT 376.19 349.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 406.32 349.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 442.58 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.29 349.25 Td (loans. ) Tj ET Q q 0 0 0 rg BT 478.75 349.25 Td (As ) Tj ET Q q 0 0 0 rg BT 492.24 349.25 Td (we ) Tj ET Q q 0 0 0 rg BT 506.28 349.25 Td (tar) Tj ET Q q 0 0 0 rg BT 516.65 349.25 Td (get ) Tj ET Q q 0 0 0 rg BT 531.24 349.25 Td (more ) Tj ET Q q 0 0 0 rg BT 554.17 349.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.52 337.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 87.64 337.25 Td (ef) Tj ET Q q 0 0 0 rg BT 95.23 337.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 116.25 337.25 Td (at ) Tj ET Q q 0 0 0 rg BT 126.15 337.25 Td (lar) Tj ET Q q 0 0 0 rg BT 136.52 337.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 151.97 337.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 197.71 337.25 Td (we ) Tj ET Q q 0 0 0 rg BT 212.05 337.25 Td (could ) Tj ET Q q 0 0 0 rg BT 236.96 337.25 Td (face ) Tj ET Q q 0 0 0 rg BT 256.29 337.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 286.73 337.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 311.92 337.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 340.15 337.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 362.28 337.25 Td (cycles, ) Tj ET Q q 0 0 0 rg BT 392.45 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.58 337.25 Td (less ) Tj ET Q q 0 0 0 rg BT 427.26 337.25 Td (predictability ) Tj ET Q q 0 0 0 rg BT 483.27 337.25 Td (in ) Tj ET Q q 0 0 0 rg BT 493.73 337.25 Td (completing ) Tj ET Q q 0 0 0 rg BT 541.41 337.25 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.54 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.58 325.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 101.23 325.25 Td (In ) Tj ET Q q 0 0 0 rg BT 112.27 325.25 Td (this ) Tj ET Q q 0 0 0 rg BT 129.43 325.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 162.41 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.34 325.25 Td (customer) Tj ET Q q 0 0 0 rg BT 214.36 325.25 Td () Tj ET Q q 0 0 0 rg BT 217.14 325.25 Td (s ) Tj ET Q q 0 0 0 rg BT 223.75 325.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 259.78 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.27 325.25 Td (use ) Tj ET Q q 0 0 0 rg BT 286.31 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.35 325.25 Td (products ) Tj ET Q q 0 0 0 rg BT 339.50 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.65 325.25 Td (services ) Tj ET Q q 0 0 0 rg BT 391.57 325.25 Td (may ) Tj ET Q q 0 0 0 rg BT 411.50 325.25 Td (be ) Tj ET Q q 0 0 0 rg BT 423.65 325.25 Td (an ) Tj ET Q q 0 0 0 rg BT 435.80 325.25 Td (enterprise-wide ) Tj ET Q q 0 0 0 rg BT 500.70 325.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 536.74 325.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 556.39 325.25 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 64.05 313.25 Td (this ) Tj ET Q q 0 0 0 rg BT 81.66 313.25 Td (type ) Tj ET Q q 0 0 0 rg BT 102.04 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.53 313.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 132.24 313.25 Td (could ) Tj ET Q q 0 0 0 rg BT 157.62 313.25 Td (require ) Tj ET Q q 0 0 0 rg BT 189.10 313.25 Td (us ) Tj ET Q q 0 0 0 rg BT 201.15 313.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.09 313.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 245.80 313.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 276.71 313.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 303.20 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.69 313.25 Td (education ) Tj ET Q q 0 0 0 rg BT 356.73 313.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 398.20 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.58 313.25 Td (use ) Tj ET Q q 0 0 0 rg BT 430.07 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.67 313.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 482.49 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.98 313.25 Td (our ) Tj ET Q q 0 0 0 rg BT 510.47 313.25 Td (products ) Tj ET Q q 0 0 0 rg BT 548.07 313.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 86.58 301.25 Td (In ) Tj ET Q q 0 0 0 rg BT 97.29 301.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 134.94 301.25 Td (lar) Tj ET Q q 0 0 0 rg BT 145.31 301.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 160.46 301.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 203.38 301.25 Td (may ) Tj ET Q q 0 0 0 rg BT 222.98 301.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 257.01 301.25 Td (more ) Tj ET Q q 0 0 0 rg BT 279.93 301.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 316.75 301.25 Td (integration, ) Tj ET Q q 0 0 0 rg BT 364.94 301.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 430.09 301.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 467.17 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.99 301.25 Td (features. ) Tj ET Q q 0 0 0 rg BT 519.99 301.25 Td (As ) Tj ET Q q 0 0 0 rg BT 533.48 301.25 Td (a ) Tj ET Q q 0 0 0 rg BT 540.29 301.25 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.86 289.25 Td (these ) Tj ET Q q 0 0 0 rg BT 84.44 289.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 117.18 289.25 Td (these ) Tj ET Q q 0 0 0 rg BT 140.76 289.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 163.23 289.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 219.03 289.25 Td (may ) Tj ET Q q 0 0 0 rg BT 239.28 289.25 Td (require ) Tj ET Q q 0 0 0 rg BT 270.63 289.25 Td (us ) Tj ET Q q 0 0 0 rg BT 282.55 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 293.36 289.25 Td (devote ) Tj ET Q q 0 0 0 rg BT 323.04 289.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 353.83 289.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 376.30 289.25 Td (support ) Tj ET Q q 0 0 0 rg BT 409.33 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.80 289.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 478.71 289.25 Td (services ) Tj ET Q q 0 0 0 rg BT 513.95 289.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 554.74 289.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 92.56 277.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 138.11 277.25 Td (driving ) Tj ET Q q 0 0 0 rg BT 169.50 277.25 Td (up ) Tj ET Q q 0 0 0 rg BT 182.00 277.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 204.50 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.45 277.25 Td (time ) Tj ET Q q 0 0 0 rg BT 241.72 277.25 Td (required ) Tj ET Q q 0 0 0 rg BT 277.54 277.25 Td (to ) Tj ET Q q 0 0 0 rg BT 287.83 277.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 326.98 277.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 348.92 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.87 277.25 Td (diverting ) Tj ET Q q 0 0 0 rg BT 404.47 277.25 Td (our ) Tj ET Q q 0 0 0 rg BT 420.31 277.25 Td (own ) Tj ET Q q 0 0 0 rg BT 440.03 277.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 461.97 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.92 277.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 530.30 277.25 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 89.57 265.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.67 265.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.42 265.25 Td (smaller ) Tj ET Q q 0 0 0 rg BT 138.17 265.25 Td (number ) Tj ET Q q 0 0 0 rg BT 171.04 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.68 265.25 Td (lar) Tj ET Q q 0 0 0 rg BT 192.05 265.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 207.13 265.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 259.71 265.25 Td (while ) Tj ET Q q 0 0 0 rg BT 284.24 265.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 329.33 265.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 368.30 265.25 Td (us ) Tj ET Q q 0 0 0 rg BT 379.51 265.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.60 265.25 Td (delayrevenue ) Tj ET Q q 0 0 0 rg BT 447.72 265.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 495.58 265.25 Td (on ) Tj ET Q q 0 0 0 rg BT 507.89 265.25 Td (some ) Tj ET Q q 0 0 0 rg BT 531.32 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 265.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 99.76 253.25 Td (until ) Tj ET Q q 0 0 0 rg BT 120.60 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.32 253.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 173.90 253.25 Td (or ) Tj ET Q q 0 0 0 rg BT 184.73 253.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 250.00 253.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 304.70 253.25 Td (have ) Tj ET Q q 0 0 0 rg BT 326.08 253.25 Td (been ) Tj ET Q q 0 0 0 rg BT 347.45 253.25 Td (met.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.10 232.25 Td (we ) Tj ET Q q 0 0 0 rg BT 72.58 232.25 Td (are ) Tj ET Q q 0 0 0 rg BT 88.29 232.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 119.01 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.16 232.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 152.09 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 168.92 232.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 214.63 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.57 232.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 269.39 232.25 Td (productivity) Tj ET Q q 0 0 0 rg BT 317.90 232.25 Td (, ) Tj ET Q q 0 0 0 rg BT 322.78 232.25 Td (we ) Tj ET Q q 0 0 0 rg BT 336.26 232.25 Td (may ) Tj ET Q q 0 0 0 rg BT 355.85 232.25 Td (not ) Tj ET Q q 0 0 0 rg BT 371.57 232.25 Td (be ) Tj ET Q q 0 0 0 rg BT 383.39 232.25 Td (able ) Tj ET Q q 0 0 0 rg BT 402.98 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.14 232.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 464.95 232.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 510.66 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.49 232.25 Td (business ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 203.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 203.25 Td (e ) Tj ET Q q 0 0 0 rg BT 90.05 203.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 127.95 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.20 203.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 185.97 203.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 231.65 203.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 263.46 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.70 203.25 Td (our ) Tj ET Q q 0 0 0 rg BT 291.50 203.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 331.63 203.25 Td (base, ) Tj ET Q q 0 0 0 rg BT 355.37 203.25 Td (which ) Tj ET Q q 0 0 0 rg BT 383.28 203.25 Td (has ) Tj ET Q q 0 0 0 rg BT 400.08 203.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 429.64 203.25 Td (a ) Tj ET Q q 0 0 0 rg BT 437.55 203.25 Td (strain ) Tj ET Q q 0 0 0 rg BT 463.24 203.25 Td (on ) Tj ET Q q 0 0 0 rg BT 476.71 203.25 Td (our ) Tj ET Q q 0 0 0 rg BT 493.51 203.25 Td (management ) Tj ET Q q 0 0 0 rg BT 548.07 203.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.25 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 113.06 191.25 Td (operational, ) Tj ET Q q 0 0 0 rg BT 164.38 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.67 191.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.50 191.25 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 280.86 191.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 327.48 191.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 379.11 191.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.73 191.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.91 191.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 474.52 191.25 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 526.41 191.25 Td (technical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.25 Td (support, ) Tj ET Q q 0 0 0 rg BT 84.89 179.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 123.87 179.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 170.91 179.25 Td (research ) Tj ET Q q 0 0 0 rg BT 207.11 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.44 179.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 281.48 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.80 179.25 Td (general ) Tj ET Q q 0 0 0 rg BT 331.12 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.45 179.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 408.54 179.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 448.65 179.25 Td (will ) Tj ET Q q 0 0 0 rg BT 467.10 179.25 Td (be ) Tj ET Q q 0 0 0 rg BT 479.42 179.25 Td (required ) Tj ET Q q 0 0 0 rg BT 515.63 179.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.30 179.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 549.17 179.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.55 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.39 167.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 145.54 167.25 Td (productivity) Tj ET Q q 0 0 0 rg BT 193.78 167.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.68 167.25 Td (address ) Tj ET Q q 0 0 0 rg BT 231.06 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.68 167.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 270.85 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.58 167.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.31 167.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 342.75 167.25 Td (further ) Tj ET Q q 0 0 0 rg BT 372.36 167.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 406.41 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.25 167.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 458.40 167.25 Td (our ) Tj ET Q q 0 0 0 rg BT 474.13 167.25 Td (products ) Tj ET Q q 0 0 0 rg BT 510.97 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.81 167.25 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 155.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 88.92 155.25 Td (with ) Tj ET Q q 0 0 0 rg BT 109.20 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.92 155.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 154.18 155.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 185.01 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.84 155.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.67 155.25 Td (company) Tj ET Q q 0 0 0 rg BT 247.68 155.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 138.25 Td (In ) Tj ET Q q 0 0 0 rg BT 84.92 138.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 123.28 138.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 175.24 138.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 213.03 138.25 Td (such ) Tj ET Q q 0 0 0 rg BT 234.45 138.25 Td (as ) Tj ET Q q 0 0 0 rg BT 245.86 138.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 311.71 138.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 349.51 138.25 Td (are ) Tj ET Q q 0 0 0 rg BT 364.80 138.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.32 138.25 Td (key ) Tj ET Q q 0 0 0 rg BT 389.85 138.25 Td (aspect ) Tj ET Q q 0 0 0 rg BT 417.92 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.33 138.25 Td (on-boarding ) Tj ET Q q 0 0 0 rg BT 481.30 138.25 Td (new ) Tj ET Q q 0 0 0 rg BT 501.04 138.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 546.95 138.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.92 126.25 Td (process ) Tj ET Q q 0 0 0 rg BT 147.58 126.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.91 126.25 Td (complicated ) Tj ET Q q 0 0 0 rg BT 208.44 126.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.54 126.25 Td (we ) Tj ET Q q 0 0 0 rg BT 239.86 126.25 Td (will ) Tj ET Q q 0 0 0 rg BT 258.07 126.25 Td (need ) Tj ET Q q 0 0 0 rg BT 279.61 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.05 126.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 312.70 126.25 Td (our ) Tj ET Q q 0 0 0 rg BT 328.69 126.25 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 376.89 126.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.33 126.25 Td (this ) Tj ET Q q 0 0 0 rg BT 404.44 126.25 Td (area ) Tj ET Q q 0 0 0 rg BT 423.74 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.18 126.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 456.28 126.25 Td (future ) Tj ET Q q 0 0 0 rg BT 482.82 126.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 517.12 126.25 Td (tar) Tj ET Q q 0 0 0 rg BT 527.49 126.25 Td (gets. ) Tj ET Q q 0 0 0 rg BT 548.76 126.25 Td (If ) Tj ET Q q 0 0 0 rg BT 558.08 126.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.11 114.25 Td (is ) Tj ET Q q 0 0 0 rg BT 96.74 114.25 Td (not ) Tj ET Q q 0 0 0 rg BT 111.48 114.25 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 146.77 114.25 Td (with ) Tj ET Q q 0 0 0 rg BT 166.50 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.68 114.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 210.41 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.70 114.25 Td (work ) Tj ET Q q 0 0 0 rg BT 243.21 114.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 286.82 114.25 Td (by ) Tj ET Q q 0 0 0 rg BT 298.78 114.25 Td (us ) Tj ET Q q 0 0 0 rg BT 309.63 114.25 Td (or ) Tj ET Q q 0 0 0 rg BT 319.92 114.25 Td (with ) Tj ET Q q 0 0 0 rg BT 339.66 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.83 114.25 Td (type ) Tj ET Q q 0 0 0 rg BT 373.01 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.30 114.25 Td (services ) Tj ET Q q 0 0 0 rg BT 417.47 114.25 Td (or ) Tj ET Q q 0 0 0 rg BT 427.76 114.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 465.83 114.25 Td (delivered, ) Tj ET Q q 0 0 0 rg BT 507.49 114.25 Td (then ) Tj ET Q q 0 0 0 rg BT 526.67 114.25 Td (we ) Tj ET Q q 0 0 0 rg BT 540.29 114.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 72.45 102.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 114.85 102.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.26 102.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.44 102.25 Td (address ) Tj ET Q q 0 0 0 rg BT 179.84 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.46 102.25 Td (situation, ) Tj ET Q q 0 0 0 rg BT 233.81 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.43 102.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 298.61 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.34 102.25 Td (that ) Tj ET Q q 0 0 0 rg BT 326.75 102.25 Td (work ) Tj ET Q q 0 0 0 rg BT 349.70 102.25 Td (might ) Tj ET Q q 0 0 0 rg BT 375.44 102.25 Td (be ) Tj ET Q q 0 0 0 rg BT 387.29 102.25 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 427.74 102.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.58 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.21 102.25 Td (customer) Tj ET Q q 0 0 0 rg BT 496.23 102.25 Td () Tj ET Q q 0 0 0 rg BT 499.01 102.25 Td (s ) Tj ET Q q 0 0 0 rg BT 505.31 102.25 Td (dissatisfaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.25 Td (with ) Tj ET Q q 0 0 0 rg BT 68.82 90.25 Td (our ) Tj ET Q q 0 0 0 rg BT 83.69 90.25 Td (products ) Tj ET Q q 0 0 0 rg BT 119.67 90.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.64 90.25 Td (services ) Tj ET Q q 0 0 0 rg BT 169.39 90.25 Td (could ) Tj ET Q q 0 0 0 rg BT 193.15 90.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 225.78 90.25 Td (our ) Tj ET Q q 0 0 0 rg BT 240.65 90.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 267.74 90.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.06 90.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 303.59 90.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 345.12 90.25 Td (work ) Tj ET Q q 0 0 0 rg BT 367.21 90.25 Td (from ) Tj ET Q q 0 0 0 rg BT 388.19 90.25 Td (that ) Tj ET Q q 0 0 0 rg BT 404.73 90.25 Td (customer) Tj ET Q q 0 0 0 rg BT 440.83 90.25 Td (. ) Tj ET Q q 0 0 0 rg BT 444.87 90.25 Td (In ) Tj ET Q q 0 0 0 rg BT 454.74 90.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 491.55 90.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 526.96 90.25 Td (publicity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.25 Td (related ) Tj ET Q q 0 0 0 rg BT 78.29 78.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.65 78.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.57 78.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 140.81 78.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 196.00 78.25 Td (regardless ) Tj ET Q q 0 0 0 rg BT 238.12 78.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.04 78.25 Td (its ) Tj ET Q q 0 0 0 rg BT 259.07 78.25 Td (accuracy) Tj ET Q q 0 0 0 rg BT 293.95 78.25 Td (, ) Tj ET Q q 0 0 0 rg BT 298.03 78.25 Td (may ) Tj ET Q q 0 0 0 rg BT 316.83 78.25 Td (further ) Tj ET Q q 0 0 0 rg BT 345.63 78.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 378.31 78.25 Td (our ) Tj ET Q q 0 0 0 rg BT 393.22 78.25 Td (business ) Tj ET Q q 0 0 0 rg BT 428.70 78.25 Td (by ) Tj ET Q q 0 0 0 rg BT 440.29 78.25 Td (af) Tj ET Q q 0 0 0 rg BT 447.87 78.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 477.22 78.25 Td (our ) Tj ET Q q 0 0 0 rg BT 492.14 78.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 519.28 78.25 Td (to ) Tj ET Q q 0 0 0 rg BT 528.64 78.25 Td (compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 66.25 Td (new ) Tj ET Q q 0 0 0 rg BT 82.82 66.25 Td (business ) Tj ET Q q 0 0 0 rg BT 119.21 66.25 Td (with ) Tj ET Q q 0 0 0 rg BT 139.49 66.25 Td (current ) Tj ET Q q 0 0 0 rg BT 170.31 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.24 66.25 Td (prospective ) Tj ET Q q 0 0 0 rg BT 235.84 66.25 Td (customers.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.80 740.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 100.33 740.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 135.18 740.25 Td (will ) Tj ET Q q 0 0 0 rg BT 152.82 740.25 Td (require ) Tj ET Q q 0 0 0 rg BT 185.44 740.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 231.97 740.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 287.38 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.57 740.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 347.64 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 358.05 740.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 394.00 740.25 Td (our ) Tj ET Q q 0 0 0 rg BT 411.09 740.25 Td (technology) Tj ET Q q 0 0 0 rg BT 455.71 740.25 Td (, ) Tj ET Q q 0 0 0 rg BT 460.84 740.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 497.08 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.27 740.25 Td (operational ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 109.56 728.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.16 728.25 Td (order ) Tj ET Q q 0 0 0 rg BT 144.64 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.69 728.25 Td (support ) Tj ET Q q 0 0 0 rg BT 188.07 728.25 Td (a ) Tj ET Q q 0 0 0 rg BT 195.33 728.25 Td (growing ) Tj ET Q q 0 0 0 rg BT 231.50 728.25 Td (number ) Tj ET Q q 0 0 0 rg BT 265.99 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.59 728.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 322.86 728.25 Td (W) Tj ET Q q 0 0 0 rg BT 331.01 728.25 Td (e ) Tj ET Q q 0 0 0 rg BT 337.71 728.25 Td (will ) Tj ET Q q 0 0 0 rg BT 354.98 728.25 Td (need ) Tj ET Q q 0 0 0 rg BT 376.68 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.72 728.25 Td (make ) Tj ET Q q 0 0 0 rg BT 411.20 728.25 Td (such ) Tj ET Q q 0 0 0 rg BT 432.92 728.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 487.96 728.25 Td (with ) Tj ET Q q 0 0 0 rg BT 508.01 728.25 Td (no ) Tj ET Q q 0 0 0 rg BT 520.83 728.25 Td (assurance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (that ) Tj ET Q q 0 0 0 rg BT 68.12 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.40 716.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 115.89 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.72 716.25 Td (our ) Tj ET Q q 0 0 0 rg BT 143.67 716.25 Td (business ) Tj ET Q q 0 0 0 rg BT 181.19 716.25 Td (or ) Tj ET Q q 0 0 0 rg BT 192.58 716.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 231.74 716.25 Td (will ) Tj ET Q q 0 0 0 rg BT 249.25 716.25 Td (actually ) Tj ET Q q 0 0 0 rg BT 284.52 716.25 Td (increase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 699.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.46 699.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 125.53 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.27 699.25 Td (growing ) Tj ET Q q 0 0 0 rg BT 172.01 699.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.75 699.25 Td (business ) Tj ET Q q 0 0 0 rg BT 224.06 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.91 699.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 284.41 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.04 699.25 Td (number ) Tj ET Q q 0 0 0 rg BT 332.00 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.74 699.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 390.70 699.25 Td (users ) Tj ET Q q 0 0 0 rg BT 413.66 699.25 Td (has ) Tj ET Q q 0 0 0 rg BT 429.40 699.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 457.90 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.75 699.25 Td (may ) Tj ET Q q 0 0 0 rg BT 494.38 699.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 531.23 699.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.42 699.25 Td (place ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 92.96 687.25 Td (demands ) Tj ET Q q 0 0 0 rg BT 129.76 687.25 Td (on ) Tj ET Q q 0 0 0 rg BT 141.02 687.25 Td (our ) Tj ET Q q 0 0 0 rg BT 155.60 687.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 201.28 687.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 234.21 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.90 687.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 296.13 687.25 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 353.47 687.25 Td (As ) Tj ET Q q 0 0 0 rg BT 365.83 687.25 Td (our ) Tj ET Q q 0 0 0 rg BT 380.42 687.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 423.33 687.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 445.13 687.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.16 687.25 Td (size, ) Tj ET Q q 0 0 0 rg BT 473.46 687.25 Td (scope, ) Tj ET Q q 0 0 0 rg BT 499.98 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.67 687.25 Td (complexity) Tj ET Q q 0 0 0 rg BT 560.01 687.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (we ) Tj ET Q q 0 0 0 rg BT 63.79 675.25 Td (will ) Tj ET Q q 0 0 0 rg BT 81.97 675.25 Td (need ) Tj ET Q q 0 0 0 rg BT 103.48 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.89 675.25 Td (expand, ) Tj ET Q q 0 0 0 rg BT 147.89 675.25 Td (improve, ) Tj ET Q q 0 0 0 rg BT 186.34 675.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.41 675.25 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 238.25 675.25 Td (our ) Tj ET Q q 0 0 0 rg BT 254.21 675.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 301.27 675.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 335.57 675.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 355.13 675.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 402.74 675.25 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 461.73 675.25 Td (including ) Tj ET Q q 0 0 0 rg BT 502.13 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.98 675.25 Td (capabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.81 663.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.01 663.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 118.76 663.25 Td (data ) Tj ET Q q 0 0 0 rg BT 137.40 663.25 Td (centers ) Tj ET Q q 0 0 0 rg BT 167.69 663.25 Td (we ) Tj ET Q q 0 0 0 rg BT 181.34 663.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 208.31 663.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.07 663.25 Td (of) Tj ET Q q 0 0 0 rg BT 226.22 663.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 239.30 663.25 Td (an ) Tj ET Q q 0 0 0 rg BT 250.72 663.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 293.80 663.25 Td (number ) Tj ET Q q 0 0 0 rg BT 326.33 663.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.64 663.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 379.17 663.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 418.90 663.25 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 459.50 663.25 Td (features ) Tj ET Q q 0 0 0 rg BT 493.13 663.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.55 663.25 Td (functionality) Tj ET Q q 0 0 0 rg BT 560.00 663.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 651.25 Td (to ) Tj ET Q q 0 0 0 rg BT 76.72 651.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 105.32 651.25 Td (that ) Tj ET Q q 0 0 0 rg BT 122.81 651.25 Td (our ) Tj ET Q q 0 0 0 rg BT 138.64 651.25 Td (services ) Tj ET Q q 0 0 0 rg BT 173.35 651.25 Td (are ) Tj ET Q q 0 0 0 rg BT 188.05 651.25 Td (reliable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 634.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.15 634.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 121.58 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.12 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.44 634.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 207.86 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.29 634.25 Td (our ) Tj ET Q q 0 0 0 rg BT 233.71 634.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 280.25 634.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 314.02 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 330.56 634.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 377.64 634.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 433.60 634.25 Td (will ) Tj ET Q q 0 0 0 rg BT 451.25 634.25 Td (require ) Tj ET Q q 0 0 0 rg BT 481.67 634.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 525.98 634.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 544.74 634.25 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.87 622.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 110.58 622.25 Td (financial, ) Tj ET Q q 0 0 0 rg BT 150.00 622.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 196.92 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.29 622.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 251.32 622.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 291.01 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.73 622.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 335.42 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.68 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.83 622.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 405.64 622.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 440.33 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 450.04 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.19 622.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 496.13 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.39 622.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 544.72 622.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (no ) Tj ET Q q 0 0 0 rg BT 62.00 610.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 103.37 610.25 Td (that ) Tj ET Q q 0 0 0 rg BT 120.86 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.58 610.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 168.07 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.90 610.25 Td (business ) Tj ET Q q 0 0 0 rg BT 215.30 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.13 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 241.96 610.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 279.99 610.25 Td (will ) Tj ET Q q 0 0 0 rg BT 298.05 610.25 Td (actually ) Tj ET Q q 0 0 0 rg BT 332.20 610.25 Td (increase. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 589.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 589.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.16 589.25 Td (have ) Tj ET Q q 0 0 0 rg BT 85.67 589.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 137.17 589.25 Td (rapid ) Tj ET Q q 0 0 0 rg BT 160.91 589.25 Td (growth. ) Tj ET Q q 0 0 0 rg BT 194.38 589.25 Td (If ) Tj ET Q q 0 0 0 rg BT 203.67 589.25 Td (we ) Tj ET Q q 0 0 0 rg BT 216.85 589.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 232.81 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.66 589.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 277.51 589.25 Td (our ) Tj ET Q q 0 0 0 rg BT 294.04 589.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 325.01 589.25 Td (ef) Tj ET Q q 0 0 0 rg BT 332.60 589.25 Td (fectively) Tj ET Q q 0 0 0 rg BT 366.08 589.25 Td (, ) Tj ET Q q 0 0 0 rg BT 370.66 589.25 Td (we ) Tj ET Q q 0 0 0 rg BT 383.84 589.25 Td (may ) Tj ET Q q 0 0 0 rg BT 403.13 589.25 Td (be ) Tj ET Q q 0 0 0 rg BT 414.64 589.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 445.05 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.90 589.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 488.06 589.25 Td (our ) Tj ET Q q 0 0 0 rg BT 504.59 589.25 Td (business ) Tj ET Q q 0 0 0 rg BT 541.67 589.25 Td (plan, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 577.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 89.24 577.25 Td (high ) Tj ET Q q 0 0 0 rg BT 110.64 577.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 135.90 577.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.73 577.25 Td (service ) Tj ET Q q 0 0 0 rg BT 177.55 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.61 577.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 245.33 577.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 281.17 577.25 Td (or ) Tj ET Q q 0 0 0 rg BT 292.57 577.25 Td (adequately ) Tj ET Q q 0 0 0 rg BT 339.50 577.25 Td (address ) Tj ET Q q 0 0 0 rg BT 373.11 577.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 422.26 577.25 Td (challenges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 560.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 560.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.23 560.25 Td (have ) Tj ET Q q 0 0 0 rg BT 108.76 560.25 Td (experienced, ) Tj ET Q q 0 0 0 rg BT 161.21 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.30 560.25 Td (are ) Tj ET Q q 0 0 0 rg BT 191.16 560.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 235.58 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.01 560.25 Td (experience, ) Tj ET Q q 0 0 0 rg BT 292.47 560.25 Td (a ) Tj ET Q q 0 0 0 rg BT 298.56 560.25 Td (period ) Tj ET Q q 0 0 0 rg BT 325.76 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.74 560.25 Td (rapid ) Tj ET Q q 0 0 0 rg BT 357.94 560.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 387.92 560.25 Td (in ) Tj ET Q q 0 0 0 rg BT 397.35 560.25 Td (our ) Tj ET Q q 0 0 0 rg BT 412.33 560.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 457.03 560.25 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 502.27 560.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.37 560.25 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.29 548.25 Td (particular) Tj ET Q q 0 0 0 rg BT 99.20 548.25 Td (, ) Tj ET Q q 0 0 0 rg BT 105.15 548.25 Td (we ) Tj ET Q q 0 0 0 rg BT 120.27 548.25 Td (grew ) Tj ET Q q 0 0 0 rg BT 143.72 548.25 Td (from ) Tj ET Q q 0 0 0 rg BT 166.61 548.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 227.83 548.25 Td (270employees ) Tj ET Q q 0 0 0 rg BT 291.55 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 303.34 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.13 548.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 374.67 548.25 Td (201) Tj ET Q q 0 0 0 rg BT 389.29 548.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 397.75 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.99 548.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.20 548.25 Td (1,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.70 548.25 Td ( ) Tj ET Q q 0 0 0 rg BT 496.16 548.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 542.38 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.17 548.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (December ) Tj ET Q q 0 0 0 rg BT 92.87 536.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.65 536.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.65 536.25 Td (, ) Tj ET Q q 0 0 0 rg BT 132.43 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.15 536.25 Td (have ) Tj ET Q q 0 0 0 rg BT 170.31 536.25 Td (also ) Tj ET Q q 0 0 0 rg BT 188.70 536.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 240.98 536.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 281.01 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.51 536.25 Td (number ) Tj ET Q q 0 0 0 rg BT 328.34 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.96 536.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 381.79 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.51 536.25 Td (active ) Tj ET Q q 0 0 0 rg BT 424.66 536.25 Td (users ) Tj ET Q q 0 0 0 rg BT 447.50 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.11 536.25 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 508.27 536.25 Td (W) Tj ET Q q 0 0 0 rg BT 516.91 536.25 Td (e ) Tj ET Q q 0 0 0 rg BT 523.63 536.25 Td (anticipate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.10 524.25 Td (we ) Tj ET Q q 0 0 0 rg BT 81.36 524.25 Td (will ) Tj ET Q q 0 0 0 rg BT 99.52 524.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 152.11 524.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 183.59 524.25 Td (our ) Tj ET Q q 0 0 0 rg BT 199.52 524.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 243.78 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.82 524.25 Td (headcount ) Tj ET Q q 0 0 0 rg BT 304.52 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 314.90 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.72 524.25 Td (near ) Tj ET Q q 0 0 0 rg BT 349.53 524.25 Td (term, ) Tj ET Q q 0 0 0 rg BT 372.96 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.00 524.25 Td (will ) Tj ET Q q 0 0 0 rg BT 408.16 524.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 445.19 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.57 524.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 487.05 524.25 Td (our ) Tj ET Q q 0 0 0 rg BT 502.99 524.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 542.24 524.25 Td (base. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (This ) Tj ET Q q 0 0 0 rg BT 69.06 512.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 99.17 512.25 Td (has ) Tj ET Q q 0 0 0 rg BT 114.28 512.25 Td (placed, ) Tj ET Q q 0 0 0 rg BT 144.66 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.88 512.25 Td (future ) Tj ET Q q 0 0 0 rg BT 186.54 512.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 216.65 512.25 Td (will ) Tj ET Q q 0 0 0 rg BT 233.98 512.25 Td (place, ) Tj ET Q q 0 0 0 rg BT 259.36 512.25 Td (a ) Tj ET Q q 0 0 0 rg BT 265.58 512.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 309.57 512.25 Td (strain ) Tj ET Q q 0 0 0 rg BT 333.57 512.25 Td (on ) Tj ET Q q 0 0 0 rg BT 345.35 512.25 Td (our ) Tj ET Q q 0 0 0 rg BT 360.46 512.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 415.83 512.25 Td (general ) Tj ET Q q 0 0 0 rg BT 447.04 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.26 512.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 522.25 512.25 Td (resources, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 500.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 113.92 500.25 Td (infrastructure. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 483.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.40 483.25 Td (success ) Tj ET Q q 0 0 0 rg BT 123.74 483.25 Td (will ) Tj ET Q q 0 0 0 rg BT 141.65 483.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 172.88 483.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.01 483.25 Td (part ) Tj ET Q q 0 0 0 rg BT 200.91 483.25 Td (on ) Tj ET Q q 0 0 0 rg BT 213.26 483.25 Td (our ) Tj ET Q q 0 0 0 rg BT 228.94 483.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 256.84 483.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.97 483.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 300.42 483.25 Td (this ) Tj ET Q q 0 0 0 rg BT 317.22 483.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 347.90 483.25 Td (ef) Tj ET Q q 0 0 0 rg BT 355.48 483.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 392.82 483.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.61 483.25 Td (to ) Tj ET Q q 0 0 0 rg BT 419.74 483.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 442.07 483.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.75 483.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 504.09 483.25 Td (T) Tj ET Q q 0 0 0 rg BT 509.50 483.25 Td (o ) Tj ET Q q 0 0 0 rg BT 516.85 483.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 550.30 483.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.21 471.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 117.73 471.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.24 471.25 Td (our ) Tj ET Q q 0 0 0 rg BT 143.75 471.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 187.59 471.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.21 471.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 247.77 471.25 Td (we ) Tj ET Q q 0 0 0 rg BT 261.61 471.25 Td (will ) Tj ET Q q 0 0 0 rg BT 279.35 471.25 Td (need ) Tj ET Q q 0 0 0 rg BT 300.41 471.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.37 471.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 346.99 471.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.95 471.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 392.46 471.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.97 471.25 Td (operational, ) Tj ET Q q 0 0 0 rg BT 457.63 471.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 494.80 471.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.42 471.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 85.94 459.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.10 459.25 Td (our ) Tj ET Q q 0 0 0 rg BT 117.15 459.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 155.52 459.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 188.91 459.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.07 459.25 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 252.78 459.25 Td (As ) Tj ET Q q 0 0 0 rg BT 265.61 459.25 Td (we ) Tj ET Q q 0 0 0 rg BT 278.99 459.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 315.15 459.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.64 459.25 Td (grow) Tj ET Q q 0 0 0 rg BT 344.55 459.25 Td (, ) Tj ET Q q 0 0 0 rg BT 348.77 459.25 Td (we ) Tj ET Q q 0 0 0 rg BT 362.15 459.25 Td (also ) Tj ET Q q 0 0 0 rg BT 379.98 459.25 Td (need ) Tj ET Q q 0 0 0 rg BT 400.57 459.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.07 459.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 437.89 459.25 Td (that ) Tj ET Q q 0 0 0 rg BT 454.61 459.25 Td (our ) Tj ET Q q 0 0 0 rg BT 469.66 459.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 502.48 459.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.64 459.25 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.25 Td (evolve ) Tj ET Q q 0 0 0 rg BT 77.43 447.25 Td (to ) Tj ET Q q 0 0 0 rg BT 86.48 447.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 113.29 447.25 Td (our ) Tj ET Q q 0 0 0 rg BT 127.89 447.25 Td (current ) Tj ET Q q 0 0 0 rg BT 157.48 447.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 200.41 447.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.13 447.25 Td (are ) Tj ET Q q 0 0 0 rg BT 229.61 447.25 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 284.19 447.25 Td (communicated ) Tj ET Q q 0 0 0 rg BT 344.33 447.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.39 447.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.10 447.25 Td (observed ) Tj ET Q q 0 0 0 rg BT 406.47 447.25 Td (by ) Tj ET Q q 0 0 0 rg BT 417.75 447.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 464.29 447.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.00 447.25 Td (that ) Tj ET Q q 0 0 0 rg BT 496.27 447.25 Td (we ) Tj ET Q q 0 0 0 rg BT 509.20 447.25 Td (appropriately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 82.42 435.25 Td (our ) Tj ET Q q 0 0 0 rg BT 97.58 435.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 137.16 435.25 Td (information ) Tj ET Q q 0 0 0 rg BT 186.20 435.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 213.86 435.25 Td (including ) Tj ET Q q 0 0 0 rg BT 253.46 435.25 Td (confidential ) Tj ET Q q 0 0 0 rg BT 303.05 435.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.31 435.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 365.56 435.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 417.10 435.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 447.26 435.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.86 435.25 Td (ef) Tj ET Q q 0 0 0 rg BT 464.45 435.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 501.26 435.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 534.18 435.25 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.25 Td (could ) Tj ET Q q 0 0 0 rg BT 73.25 423.25 Td (result ) Tj ET Q q 0 0 0 rg BT 97.01 423.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.32 423.25 Td (dif) Tj ET Q q 0 0 0 rg BT 117.25 423.25 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 144.89 423.25 Td (or ) Tj ET Q q 0 0 0 rg BT 154.76 423.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 181.84 423.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.16 423.25 Td (deploying ) Tj ET Q q 0 0 0 rg BT 232.69 423.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 277.27 423.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 311.58 423.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.89 423.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 350.20 423.25 Td (or ) Tj ET Q q 0 0 0 rg BT 360.07 423.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 398.26 423.25 Td (satisfaction, ) Tj ET Q q 0 0 0 rg BT 447.84 423.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 486.02 423.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.34 423.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 519.38 423.25 Td (dif) Tj ET Q q 0 0 0 rg BT 530.30 423.25 Td (ficulties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.54 411.25 Td (introducing ) Tj ET Q q 0 0 0 rg BT 109.91 411.25 Td (new ) Tj ET Q q 0 0 0 rg BT 129.83 411.25 Td (features ) Tj ET Q q 0 0 0 rg BT 164.74 411.25 Td (or ) Tj ET Q q 0 0 0 rg BT 176.33 411.25 Td (other ) Tj ET Q q 0 0 0 rg BT 200.14 411.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 248.39 411.25 Td (dif) Tj ET Q q 0 0 0 rg BT 259.31 411.25 Td (ficulties, ) Tj ET Q q 0 0 0 rg BT 297.29 411.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.99 411.25 Td (any ) Tj ET Q q 0 0 0 rg BT 332.69 411.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.29 411.25 Td (these ) Tj ET Q q 0 0 0 rg BT 368.10 411.25 Td (dif) Tj ET Q q 0 0 0 rg BT 379.02 411.25 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 414.50 411.25 Td (could ) Tj ET Q q 0 0 0 rg BT 439.98 411.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 481.56 411.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 512.03 411.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.63 411.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.52 399.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.46 399.25 Td (results ) Tj ET Q q 0 0 0 rg BT 148.07 399.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.90 399.25 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 378.25 Td (Completing ) Tj ET Q q 0 0 0 rg BT 99.14 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 378.25 Td (integrating ) Tj ET Q q 0 0 0 rg BT 163.98 378.25 Td (future ) Tj ET Q q 0 0 0 rg BT 191.40 378.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 242.72 378.25 Td (could ) Tj ET Q q 0 0 0 rg BT 267.36 378.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 298.12 378.25 Td (our ) Tj ET Q q 0 0 0 rg BT 314.43 378.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 353.80 378.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 377.89 378.25 Td (our ) Tj ET Q q 0 0 0 rg BT 394.20 378.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.28 378.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 476.54 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.96 378.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 535.26 378.25 Td (results ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 366.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.89 366.25 Td (dilute ) Tj ET Q q 0 0 0 rg BT 86.73 366.25 Td (or ) Tj ET Q q 0 0 0 rg BT 98.12 366.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 138.93 366.25 Td (af) Tj ET Q q 0 0 0 rg BT 147.08 366.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 164.57 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.85 366.25 Td (price ) Tj ET Q q 0 0 0 rg BT 202.89 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.72 366.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.68 366.25 Td (common ) Tj ET Q q 0 0 0 rg BT 268.73 366.25 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 349.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.49 349.25 Td (success ) Tj ET Q q 0 0 0 rg BT 123.91 349.25 Td (will ) Tj ET Q q 0 0 0 rg BT 141.90 349.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 173.21 349.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.42 349.25 Td (part ) Tj ET Q q 0 0 0 rg BT 201.41 349.25 Td (on ) Tj ET Q q 0 0 0 rg BT 213.84 349.25 Td (our ) Tj ET Q q 0 0 0 rg BT 229.60 349.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 257.59 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.80 349.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 299.11 349.25 Td (our ) Tj ET Q q 0 0 0 rg BT 314.88 349.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 353.43 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.30 349.25 Td (services ) Tj ET Q q 0 0 0 rg BT 404.94 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.82 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.03 349.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 455.01 349.25 Td (our ) Tj ET Q q 0 0 0 rg BT 470.78 349.25 Td (business ) Tj ET Q q 0 0 0 rg BT 507.10 349.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.32 349.25 Td (response ) Tj ET Q q 0 0 0 rg BT 554.74 349.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 88.42 337.25 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 143.73 337.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 182.65 337.25 Td (demands ) Tj ET Q q 0 0 0 rg BT 220.46 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.17 337.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 286.64 337.25 Td (pressures. ) Tj ET Q q 0 0 0 rg BT 328.62 337.25 Td (In ) Tj ET Q q 0 0 0 rg BT 339.21 337.25 Td (some ) Tj ET Q q 0 0 0 rg BT 362.59 337.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 423.99 337.25 Td (we ) Tj ET Q q 0 0 0 rg BT 437.92 337.25 Td (may ) Tj ET Q q 0 0 0 rg BT 457.40 337.25 Td (pursue ) Tj ET Q q 0 0 0 rg BT 486.33 337.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 516.92 337.25 Td (through ) Tj ET Q q 0 0 0 rg BT 550.30 337.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.88 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 325.25 Td (complementary ) Tj ET Q q 0 0 0 rg BT 171.41 325.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 218.63 325.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 257.25 325.25 Td (or ) Tj ET Q q 0 0 0 rg BT 268.08 325.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 321.12 325.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 346.94 325.25 Td (than ) Tj ET Q q 0 0 0 rg BT 366.65 325.25 Td (through ) Tj ET Q q 0 0 0 rg BT 400.26 325.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 433.30 325.25 Td (development.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 308.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.81 308.25 Td (identification ) Tj ET Q q 0 0 0 rg BT 147.88 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.97 308.25 Td (suitable ) Tj ET Q q 0 0 0 rg BT 192.84 308.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 239.48 308.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 284.44 308.25 Td (can ) Tj ET Q q 0 0 0 rg BT 301.08 308.25 Td (be ) Tj ET Q q 0 0 0 rg BT 313.28 308.25 Td (dif) Tj ET Q q 0 0 0 rg BT 324.21 308.25 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 350.57 308.25 Td (time-consuming, ) Tj ET Q q 0 0 0 rg BT 420.82 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.02 308.25 Td (costly) Tj ET Q q 0 0 0 rg BT 461.26 308.25 Td (, ) Tj ET Q q 0 0 0 rg BT 466.52 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.71 308.25 Td (we ) Tj ET Q q 0 0 0 rg BT 498.13 308.25 Td (may ) Tj ET Q q 0 0 0 rg BT 518.11 308.25 Td (not ) Tj ET Q q 0 0 0 rg BT 533.65 308.25 Td (be ) Tj ET Q q 0 0 0 rg BT 545.85 308.25 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.29 296.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 99.94 296.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 150.73 296.25 Td (successfully) Tj ET Q q 0 0 0 rg BT 198.95 296.25 Td (. ) Tj ET Q q 0 0 0 rg BT 204.46 296.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 243.49 296.25 Td (, ) Tj ET Q q 0 0 0 rg BT 249.00 296.25 Td (if ) Tj ET Q q 0 0 0 rg BT 258.11 296.25 Td (such ) Tj ET Q q 0 0 0 rg BT 279.45 296.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 330.23 296.25 Td (require ) Tj ET Q q 0 0 0 rg BT 361.56 296.25 Td (us ) Tj ET Q q 0 0 0 rg BT 373.46 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.24 296.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 405.02 296.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 448.02 296.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 468.24 296.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.58 296.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 507.58 296.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 550.85 296.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.23 284.25 Td (not ) Tj ET Q q 0 0 0 rg BT 84.53 284.25 Td (be ) Tj ET Q q 0 0 0 rg BT 96.48 284.25 Td (able ) Tj ET Q q 0 0 0 rg BT 115.65 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.95 284.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 153.46 284.25 Td (such ) Tj ET Q q 0 0 0 rg BT 174.31 284.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 214.58 284.25 Td (on ) Tj ET Q q 0 0 0 rg BT 227.10 284.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 251.83 284.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 292.10 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.40 284.25 Td (us ) Tj ET Q q 0 0 0 rg BT 313.81 284.25 Td (or ) Tj ET Q q 0 0 0 rg BT 324.65 284.25 Td (at ) Tj ET Q q 0 0 0 rg BT 334.39 284.25 Td (all. ) Tj ET Q q 0 0 0 rg BT 348.84 284.25 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 401.91 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.87 284.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 469.16 284.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 501.67 284.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 543.62 284.25 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 272.25 Td (may ) Tj ET Q q 0 0 0 rg BT 96.16 272.25 Td (have ) Tj ET Q q 0 0 0 rg BT 117.53 272.25 Td (a ) Tj ET Q q 0 0 0 rg BT 124.47 272.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 160.84 272.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 190.55 272.25 Td (on ) Tj ET Q q 0 0 0 rg BT 203.05 272.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.88 272.25 Td (results ) Tj ET Q q 0 0 0 rg BT 247.49 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.32 272.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 304.98 272.25 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 255.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 255.25 Td (write-of) Tj ET Q q 0 0 0 rg BT 135.53 255.25 Td (fs ) Tj ET Q q 0 0 0 rg BT 145.25 255.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.08 255.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 193.00 255.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 218.83 255.25 Td (or ) Tj ET Q q 0 0 0 rg BT 229.66 255.25 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 238.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 238.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 140.99 238.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.47 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.41 238.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 220.67 238.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 242.06 238.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 285.66 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 305.94 238.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 342.86 238.25 Td (customers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 221.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 221.25 Td (unknown ) Tj ET Q q 0 0 0 rg BT 143.22 221.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 182.94 221.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 226.53 221.25 Td (with ) Tj ET Q q 0 0 0 rg BT 246.81 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.53 221.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 298.45 221.25 Td (businesses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 204.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 204.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 159.87 204.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 198.47 204.25 Td (related ) Tj ET Q q 0 0 0 rg BT 228.17 204.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.45 204.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 275.37 204.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 322.30 204.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.24 204.25 Td (its ) Tj ET Q q 0 0 0 rg BT 351.19 204.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 397.01 204.25 Td (into ) Tj ET Q q 0 0 0 rg BT 415.07 204.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 449.23 204.25 Td (technology;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 187.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 187.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 148.78 187.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.06 187.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.89 187.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 202.94 187.25 Td (to ) Tj ET Q q 0 0 0 rg BT 213.22 187.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 254.58 187.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 288.72 187.25 Td (from ) Tj ET Q q 0 0 0 rg BT 310.66 187.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 347.59 187.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 383.39 187.25 Td (revenue;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 170.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 170.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 158.54 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.59 170.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 234.75 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.70 170.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 288.20 170.25 Td (related ) Tj ET Q q 0 0 0 rg BT 321.03 170.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.42 170.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 374.46 170.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 420.07 170.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 451.52 170.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 477.69 170.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 509.14 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.19 170.25 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 158.25 Td (compensation; ) Tj ET Q q 0 0 0 rg BT 164.32 158.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 141.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 141.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 136.54 141.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 151.25 141.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 208.73 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.56 141.25 Td (any ) Tj ET Q q 0 0 0 rg BT 236.50 141.25 Td (such ) Tj ET Q q 0 0 0 rg BT 257.33 141.25 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 124.25 Td (Even ) Tj ET Q q 0 0 0 rg BT 97.11 124.25 Td (if ) Tj ET Q q 0 0 0 rg BT 106.29 124.25 Td (we ) Tj ET Q q 0 0 0 rg BT 121.01 124.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 172.96 124.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 212.67 124.25 Td (an ) Tj ET Q q 0 0 0 rg BT 225.18 124.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 274.63 124.25 Td (we ) Tj ET Q q 0 0 0 rg BT 289.35 124.25 Td (may ) Tj ET Q q 0 0 0 rg BT 309.64 124.25 Td (not ) Tj ET Q q 0 0 0 rg BT 325.48 124.25 Td (be ) Tj ET Q q 0 0 0 rg BT 337.99 124.25 Td (able ) Tj ET Q q 0 0 0 rg BT 357.71 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.55 124.25 Td (assimilate ) Tj ET Q q 0 0 0 rg BT 411.61 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.12 124.25 Td (integrate ) Tj ET Q q 0 0 0 rg BT 467.16 124.25 Td (ef) Tj ET Q q 0 0 0 rg BT 474.75 124.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 512.80 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.08 124.25 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 88.05 112.25 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 143.25 112.25 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 184.03 112.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 212.01 112.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 253.05 112.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.54 112.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 309.85 112.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 358.10 112.25 Td (if ) Tj ET Q q 0 0 0 rg BT 366.37 112.25 Td (key ) Tj ET Q q 0 0 0 rg BT 382.96 112.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 424.00 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.49 112.25 Td (an ) Tj ET Q q 0 0 0 rg BT 446.08 112.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 482.66 112.25 Td (company ) Tj ET Q q 0 0 0 rg BT 521.48 112.25 Td (decide ) Tj ET Q q 0 0 0 rg BT 549.73 112.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.00 100.25 Td (work ) Tj ET Q q 0 0 0 rg BT 83.28 100.25 Td (for ) Tj ET Q q 0 0 0 rg BT 97.67 100.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 111.59 100.25 Td (W) Tj ET Q q 0 0 0 rg BT 120.23 100.25 Td (e ) Tj ET Q q 0 0 0 rg BT 127.39 100.25 Td (may ) Tj ET Q q 0 0 0 rg BT 147.33 100.25 Td (encounter ) Tj ET Q q 0 0 0 rg BT 189.48 100.25 Td (dif) Tj ET Q q 0 0 0 rg BT 200.41 100.25 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 229.24 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.75 100.25 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 296.34 100.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 333.49 100.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 386.76 100.25 Td (into ) Tj ET Q q 0 0 0 rg BT 405.04 100.25 Td (our ) Tj ET Q q 0 0 0 rg BT 421.10 100.25 Td (service ) Tj ET Q q 0 0 0 rg BT 452.14 100.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.31 100.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 519.80 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.74 100.25 Td (quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 90.37 88.25 Td (that ) Tj ET Q q 0 0 0 rg BT 108.47 88.25 Td (are ) Tj ET Q q 0 0 0 rg BT 123.78 88.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 166.87 88.25 Td (with ) Tj ET Q q 0 0 0 rg BT 187.75 88.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.19 88.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 230.06 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.60 88.25 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 293.74 88.25 Td (In ) Tj ET Q q 0 0 0 rg BT 305.17 88.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 343.55 88.25 Td (we ) Tj ET Q q 0 0 0 rg BT 358.31 88.25 Td (may ) Tj ET Q q 0 0 0 rg BT 378.63 88.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 401.73 88.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 422.05 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 433.48 88.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 461.58 88.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 502.45 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.33 88.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 553.08 88.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 98.38 76.25 Td (which ) Tj ET Q q 0 0 0 rg BT 125.32 76.25 Td (could ) Tj ET Q q 0 0 0 rg BT 150.04 76.25 Td (dilute ) Tj ET Q q 0 0 0 rg BT 175.31 76.25 Td (our ) Tj ET Q q 0 0 0 rg BT 191.14 76.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 244.28 76.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.78 76.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 290.94 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.87 76.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 348.69 76.25 Td (af) Tj ET Q q 0 0 0 rg BT 356.28 76.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 373.76 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.48 76.25 Td (price ) Tj ET Q q 0 0 0 rg BT 410.96 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.79 76.25 Td (our ) Tj ET Q q 0 0 0 rg BT 437.63 76.25 Td (common ) Tj ET Q q 0 0 0 rg BT 475.12 76.25 Td (stock.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.43 740.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 114.60 740.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 156.31 740.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 193.04 740.25 Td (is ) Tj ET Q q 0 0 0 rg BT 202.53 740.25 Td (heavily ) Tj ET Q q 0 0 0 rg BT 234.79 740.25 Td (regulated ) Tj ET Q q 0 0 0 rg BT 276.50 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.89 740.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 331.61 740.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.78 740.25 Td (current ) Tj ET Q q 0 0 0 rg BT 376.16 740.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 421.77 740.25 Td (or ) Tj ET Q q 0 0 0 rg BT 433.49 740.25 Td (new ) Tj ET Q q 0 0 0 rg BT 452.99 740.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 498.60 740.25 Td (could ) Tj ET Q q 0 0 0 rg BT 524.20 740.25 Td (adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.65 728.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.13 728.25 Td (our ) Tj ET Q q 0 0 0 rg BT 92.09 728.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 711.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.94 711.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 110.62 711.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 150.28 711.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 184.95 711.25 Td (is ) Tj ET Q q 0 0 0 rg BT 193.51 711.25 Td (heavily ) Tj ET Q q 0 0 0 rg BT 224.84 711.25 Td (regulated. ) Tj ET Q q 0 0 0 rg BT 266.44 711.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 298.32 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.65 711.25 Td (state ) Tj ET Q q 0 0 0 rg BT 334.87 711.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 388.42 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.75 711.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 441.07 711.25 Td (could ) Tj ET Q q 0 0 0 rg BT 465.18 711.25 Td (enact ) Tj ET Q q 0 0 0 rg BT 488.17 711.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 531.73 711.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.95 711.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 82.68 699.25 Td (that ) Tj ET Q q 0 0 0 rg BT 99.76 699.25 Td (could ) Tj ET Q q 0 0 0 rg BT 124.06 699.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 167.79 699.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 197.08 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.38 699.25 Td (business ) Tj ET Q q 0 0 0 rg BT 247.35 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.76 699.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.17 699.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 320.79 699.25 Td (users ) Tj ET Q q 0 0 0 rg BT 343.43 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.94 699.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.57 699.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 403.53 699.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 423.38 699.25 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.37 699.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.45 699.25 Td (participants. ) Tj ET Q q 0 0 0 rg BT 511.68 699.25 Td (In ) Tj ET Q q 0 0 0 rg BT 522.09 699.25 Td (particular) Tj ET Q q 0 0 0 rg BT 560.00 699.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.69 687.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 90.10 687.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 109.86 687.25 Td (presidential ) Tj ET Q q 0 0 0 rg BT 158.48 687.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 198.24 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.65 687.25 Td (transformation ) Tj ET Q q 0 0 0 rg BT 275.50 687.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.26 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.45 687.25 Td (makeup ) Tj ET Q q 0 0 0 rg BT 333.08 687.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.39 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.59 687.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 377.35 687.25 Td (Congress ) Tj ET Q q 0 0 0 rg BT 416.55 687.25 Td (may ) Tj ET Q q 0 0 0 rg BT 435.74 687.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 464.93 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.12 687.25 Td (substance ) Tj ET Q q 0 0 0 rg BT 519.98 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 536.39 687.25 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.24 675.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 106.30 675.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 140.25 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.43 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.06 675.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 188.25 675.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 229.41 675.25 Td (industry) Tj ET Q q 0 0 0 rg BT 261.54 675.25 Td (. ) Tj ET Q q 0 0 0 rg BT 266.70 675.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 287.33 675.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 322.94 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.12 675.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 369.19 675.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 390.93 675.25 Td (or ) Tj ET Q q 0 0 0 rg BT 402.66 675.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 450.50 675.25 Td (or ) Tj ET Q q 0 0 0 rg BT 462.24 675.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 500.64 675.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.38 675.25 Td (new ) Tj ET Q q 0 0 0 rg BT 532.44 675.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 554.18 675.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.18 663.25 Td (that ) Tj ET Q q 0 0 0 rg BT 113.43 663.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 148.43 663.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 195.11 663.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.36 663.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.82 663.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 265.72 663.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 305.74 663.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 340.76 663.25 Td (may ) Tj ET Q q 0 0 0 rg BT 360.23 663.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 396.89 663.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 440.79 663.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 480.80 663.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 513.04 663.25 Td (or ) Tj ET Q q 0 0 0 rg BT 523.62 663.25 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 71.36 651.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.54 651.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 115.06 651.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.36 651.25 Td (our ) Tj ET Q q 0 0 0 rg BT 142.66 651.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 191.17 651.25 Td (users ) Tj ET Q q 0 0 0 rg BT 214.69 651.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.10 651.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 253.95 651.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 274.69 651.25 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.68 651.25 Td ( ) Tj ET Q q 0 0 0 rg BT 312.64 651.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 362.26 651.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.01 651.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 405.40 651.25 Td (their ) Tj ET Q q 0 0 0 rg BT 426.69 651.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 474.38 651.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 512.34 651.25 Td (in ) Tj ET Q q 0 0 0 rg BT 523.09 651.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.25 Td (usage ) Tj ET Q q 0 0 0 rg BT 73.83 639.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.71 639.25 Td (our ) Tj ET Q q 0 0 0 rg BT 98.60 639.25 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 138.77 639.25 Td (In ) Tj ET Q q 0 0 0 rg BT 148.66 639.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 185.49 639.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 218.69 639.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 261.34 639.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 315.10 639.25 Td (may ) Tj ET Q q 0 0 0 rg BT 333.88 639.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 362.08 639.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.85 639.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 409.06 639.25 Td (for ) Tj ET Q q 0 0 0 rg BT 422.28 639.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 451.04 639.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.92 639.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.81 639.25 Td (products ) Tj ET Q q 0 0 0 rg BT 511.81 639.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.80 639.25 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.25 Td (including ) Tj ET Q q 0 0 0 rg BT 89.77 627.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.49 627.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 152.54 627.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 203.36 627.25 Td (service. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 606.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 88.23 606.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.19 606.25 Td (current ) Tj ET Q q 0 0 0 rg BT 132.36 606.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 177.75 606.25 Td (or ) Tj ET Q q 0 0 0 rg BT 189.26 606.25 Td (new ) Tj ET Q q 0 0 0 rg BT 208.54 606.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 253.93 606.25 Td (may ) Tj ET Q q 0 0 0 rg BT 273.76 606.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 310.81 606.25 Td (our ) Tj ET Q q 0 0 0 rg BT 327.87 606.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.49 606.25 Td (by ) Tj ET Q q 0 0 0 rg BT 362.54 606.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 404.05 606.25 Td (us ) Tj ET Q q 0 0 0 rg BT 416.11 606.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.50 606.25 Td (update ) Tj ET Q q 0 0 0 rg BT 456.89 606.25 Td (our ) Tj ET Q q 0 0 0 rg BT 473.96 606.25 Td (products ) Tj ET Q q 0 0 0 rg BT 512.13 606.25 Td (and ) Tj ET Q q 0 0 0 rg BT 530.30 606.25 Td (services ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 594.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.00 594.25 Td (if ) Tj ET Q q 0 0 0 rg BT 75.05 594.25 Td (our ) Tj ET Q q 0 0 0 rg BT 91.44 594.25 Td (products ) Tj ET Q q 0 0 0 rg BT 128.94 594.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.45 594.25 Td (services ) Tj ET Q q 0 0 0 rg BT 180.59 594.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 196.42 594.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.14 594.25 Td (address ) Tj ET Q q 0 0 0 rg BT 239.19 594.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 274.46 594.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 315.28 594.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 348.34 594.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 368.62 594.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.12 594.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 434.74 594.25 Td (our ) Tj ET Q q 0 0 0 rg BT 451.13 594.25 Td (business ) Tj ET Q q 0 0 0 rg BT 488.09 594.25 Td (could ) Tj ET Q q 0 0 0 rg BT 512.81 594.25 Td (be ) Tj ET Q q 0 0 0 rg BT 524.19 594.25 Td (adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 582.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.65 582.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 565.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 110.27 565.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.37 565.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 154.37 565.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 175.02 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 185.68 565.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 232.44 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.10 565.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 280.43 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.08 565.25 Td (new ) Tj ET Q q 0 0 0 rg BT 310.07 565.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 330.73 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 341.39 565.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 388.15 565.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 421.02 565.25 Td (to ) Tj ET Q q 0 0 0 rg BT 431.13 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.67 565.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 489.65 565.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 529.74 565.25 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.60 553.25 Td (require ) Tj ET Q q 0 0 0 rg BT 100.79 553.25 Td (us ) Tj ET Q q 0 0 0 rg BT 112.56 553.25 Td (to ) Tj ET Q q 0 0 0 rg BT 123.22 553.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 146.64 553.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 191.73 553.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 214.61 553.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.27 553.25 Td (update ) Tj ET Q q 0 0 0 rg BT 254.80 553.25 Td (our ) Tj ET Q q 0 0 0 rg BT 271.01 553.25 Td (products ) Tj ET Q q 0 0 0 rg BT 308.33 553.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.64 553.25 Td (services ) Tj ET Q q 0 0 0 rg BT 360.73 553.25 Td (so ) Tj ET Q q 0 0 0 rg BT 372.50 553.25 Td (that ) Tj ET Q q 0 0 0 rg BT 390.37 553.25 Td (our ) Tj ET Q q 0 0 0 rg BT 406.58 553.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 450.01 553.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 480.65 553.25 Td (compliant ) Tj ET Q q 0 0 0 rg BT 523.52 553.25 Td (with ) Tj ET Q q 0 0 0 rg BT 544.17 553.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.32 541.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.25 541.25 Td (regulation. ) Tj ET Q q 0 0 0 rg BT 132.78 541.25 Td (Our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 150.82 541.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 198.86 541.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 249.67 541.25 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.10 541.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.59 541.25 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 318.50 541.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 358.75 541.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 378.46 541.25 Td (data ) Tj ET Q q 0 0 0 rg BT 397.60 541.25 Td (for ) Tj ET Q q 0 0 0 rg BT 411.75 541.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 460.33 541.25 Td (with ) Tj ET Q q 0 0 0 rg BT 480.60 541.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 521.97 541.25 Td (protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.43 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.47 529.25 Td (institutionally ) Tj ET Q q 0 0 0 rg BT 145.63 529.25 Td (mandated ) Tj ET Q q 0 0 0 rg BT 187.11 529.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 235.80 529.25 Td (policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.90 529.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.50 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.55 529.25 Td (must ) Tj ET Q q 0 0 0 rg BT 308.60 529.25 Td (continually ) Tj ET Q q 0 0 0 rg BT 356.19 529.25 Td (be ) Tj ET Q q 0 0 0 rg BT 368.23 529.25 Td (updated ) Tj ET Q q 0 0 0 rg BT 402.49 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.87 529.25 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 461.00 529.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 495.81 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.19 529.25 Td (such ) Tj ET Q q 0 0 0 rg BT 527.13 529.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.06 529.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.25 Td (policies. ) Tj ET Q q 0 0 0 rg BT 86.64 517.25 Td (The ) Tj ET Q q 0 0 0 rg BT 106.01 517.25 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 157.86 517.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 176.11 517.25 Td (has ) Tj ET Q q 0 0 0 rg BT 193.26 517.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 224.28 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.54 517.25 Td (will ) Tj ET Q q 0 0 0 rg BT 261.91 517.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 300.16 517.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.75 517.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 337.77 517.25 Td (us ) Tj ET Q q 0 0 0 rg BT 350.48 517.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.07 517.25 Td (make ) Tj ET Q q 0 0 0 rg BT 387.54 517.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 419.13 517.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 453.50 517.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.09 517.25 Td (Encompass, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 516.95 517.25 Td (Encompass ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 505.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 100.87 505.25 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.29 505.25 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.84 505.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 184.43 505.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 194.06 505.25 Td (oduct ) Tj ET Q q 0 0 0 rg BT 219.32 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.37 505.25 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 270.41 505.25 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.83 505.25 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.38 505.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 353.97 505.25 Td (Docs ) Tj ET Q q 0 0 0 rg BT 377.57 505.25 Td (Solution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.90 505.25 Td (, ) Tj ET Q q 0 0 0 rg BT 416.23 505.25 Td (TQL, ) Tj ET Q q 0 0 0 rg BT 441.21 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.69 505.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.96 505.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 495.88 505.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 516.69 505.25 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.68 505.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.73 505.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.25 Td (address, ) Tj ET Q q 0 0 0 rg BT 84.80 493.25 Td (among ) Tj ET Q q 0 0 0 rg BT 114.83 493.25 Td (other ) Tj ET Q q 0 0 0 rg BT 138.18 493.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 167.94 493.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 215.18 493.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.99 493.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 263.56 493.25 Td (consumers ) Tj ET Q q 0 0 0 rg BT 309.14 493.25 Td (against ) Tj ET Q q 0 0 0 rg BT 340.27 493.25 Td (unfair) Tj ET Q q 0 0 0 rg BT 363.75 493.25 Td (, ) Tj ET Q q 0 0 0 rg BT 369.06 493.25 Td (deceptive, ) Tj ET Q q 0 0 0 rg BT 412.68 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.92 493.25 Td (abusive ) Tj ET Q q 0 0 0 rg BT 463.28 493.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 501.62 493.25 Td (by ) Tj ET Q q 0 0 0 rg BT 514.43 493.25 Td (lenders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.62 493.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 88.06 481.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 130.24 481.25 Td (tools ) Tj ET Q q 0 0 0 rg BT 151.87 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.50 481.25 Td (product ) Tj ET Q q 0 0 0 rg BT 201.23 481.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 233.97 481.25 Td (were ) Tj ET Q q 0 0 0 rg BT 255.58 481.25 Td (required ) Tj ET Q q 0 0 0 rg BT 291.09 481.25 Td (to ) Tj ET Q q 0 0 0 rg BT 301.05 481.25 Td (address ) Tj ET Q q 0 0 0 rg BT 333.23 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.15 481.25 Td (Ability-to-Repay/Qualified ) Tj ET Q q 0 0 0 rg BT 458.20 481.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 499.27 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.89 481.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 548.06 481.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.25 Td (State ) Tj ET Q q 0 0 0 rg BT 72.41 469.25 Td (High ) Tj ET Q q 0 0 0 rg BT 95.33 469.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 116.58 469.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 138.94 469.25 Td (that ) Tj ET Q q 0 0 0 rg BT 156.85 469.25 Td (became ) Tj ET Q q 0 0 0 rg BT 190.30 469.25 Td (ef) Tj ET Q q 0 0 0 rg BT 197.89 469.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 228.01 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.70 469.25 Td (January ) Tj ET Q q 0 0 0 rg BT 272.72 469.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.72 469.25 Td (. ) Tj ET Q q 0 0 0 rg BT 298.13 469.25 Td (In ) Tj ET Q q 0 0 0 rg BT 309.38 469.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 347.57 469.25 Td (we ) Tj ET Q q 0 0 0 rg BT 362.15 469.25 Td (have ) Tj ET Q q 0 0 0 rg BT 383.94 469.25 Td (updated ) Tj ET Q q 0 0 0 rg BT 418.51 469.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 448.63 469.25 Td (products ) Tj ET Q q 0 0 0 rg BT 485.98 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.68 469.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 529.59 469.25 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 469.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.25 Td (TILA-RESP) Tj ET Q q 0 0 0 rg BT 98.58 457.25 Td (A) Tj ET Q q 0 0 0 rg BT 105.25 457.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.58 457.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 150.44 457.25 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 195.53 457.25 Td (rule ) Tj ET Q q 0 0 0 rg BT 213.40 457.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 247.94 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.70 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.24 457.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 301.57 457.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 324.44 457.25 Td (Originator ) Tj ET Q q 0 0 0 rg BT 368.42 457.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 389.63 457.25 Td (under ) Tj ET Q q 0 0 0 rg BT 414.73 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.10 457.25 Td (T) Tj ET Q q 0 0 0 rg BT 434.86 457.25 Td (ruth ) Tj ET Q q 0 0 0 rg BT 453.29 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.40 457.25 Td (Lending ) Tj ET Q q 0 0 0 rg BT 498.53 457.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 515.30 457.25 Td (\(Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (Z\) ) Tj ET Q q 0 0 0 rg BT 62.46 445.25 Td (\(TILA-RESP) Tj ET Q q 0 0 0 rg BT 114.88 445.25 Td (A) Tj ET Q q 0 0 0 rg BT 121.54 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.29 445.25 Td (Amendments\) ) Tj ET Q q 0 0 0 rg BT 184.47 445.25 Td (that ) Tj ET Q q 0 0 0 rg BT 202.99 445.25 Td (became ) Tj ET Q q 0 0 0 rg BT 237.05 445.25 Td (ef) Tj ET Q q 0 0 0 rg BT 244.64 445.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 275.36 445.25 Td (October ) Tj ET Q q 0 0 0 rg BT 311.09 445.25 Td (3, ) Tj ET Q q 0 0 0 rg BT 322.12 445.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 347.89 445.25 Td (The ) Tj ET Q q 0 0 0 rg BT 366.96 445.25 Td (final ) Tj ET Q q 0 0 0 rg BT 388.81 445.25 Td (rule ) Tj ET Q q 0 0 0 rg BT 407.88 445.25 Td (amending ) Tj ET Q q 0 0 0 rg BT 450.84 445.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 498.24 445.25 Td (C ) Tj ET Q q 0 0 0 rg BT 508.44 445.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.74 445.25 Td (implement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 103.26 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.25 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.68 433.25 Td (Home ) Tj ET Q q 0 0 0 rg BT 157.33 433.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 199.42 433.25 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 244.70 433.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 262.35 433.25 Td (\(HMDA\) ) Tj ET Q q 0 0 0 rg BT 302.78 433.25 Td (made ) Tj ET Q q 0 0 0 rg BT 327.65 433.25 Td (by ) Tj ET Q q 0 0 0 rg BT 340.87 433.25 Td (section ) Tj ET Q q 0 0 0 rg BT 372.41 433.25 Td (1094 ) Tj ET Q q 0 0 0 rg BT 395.62 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.16 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.60 433.25 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 473.98 433.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 491.63 433.25 Td (was ) Tj ET Q q 0 0 0 rg BT 510.40 433.25 Td (published ) Tj ET Q q 0 0 0 rg BT 552.50 433.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.25 Td (October ) Tj ET Q q 0 0 0 rg BT 84.26 421.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 99.31 421.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 124.37 421.25 Td (It ) Tj ET Q q 0 0 0 rg BT 133.03 421.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 168.90 421.25 Td (various ) Tj ET Q q 0 0 0 rg BT 200.90 421.25 Td (ef) Tj ET Q q 0 0 0 rg BT 208.48 421.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 238.24 421.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 286.88 421.25 Td (dates, ) Tj ET Q q 0 0 0 rg BT 312.48 421.25 Td (starting ) Tj ET Q q 0 0 0 rg BT 345.03 421.25 Td (with ) Tj ET Q q 0 0 0 rg BT 365.36 421.25 Td (January ) Tj ET Q q 0 0 0 rg BT 399.01 421.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 409.06 421.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 431.62 421.25 Td (through ) Tj ET Q q 0 0 0 rg BT 465.28 421.25 Td (May ) Tj ET Q q 0 0 0 rg BT 486.16 421.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 501.21 421.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 526.08 421.25 Td (The ) Tj ET Q q 0 0 0 rg BT 544.18 421.25 Td (final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.25 Td ("Qualified ) Tj ET Q q 0 0 0 rg BT 93.58 409.25 Td (Residential ) Tj ET Q q 0 0 0 rg BT 140.80 409.25 Td (Mortgage" ) Tj ET Q q 0 0 0 rg BT 185.99 409.25 Td (rule ) Tj ET Q q 0 0 0 rg BT 203.76 409.25 Td (which ) Tj ET Q q 0 0 0 rg BT 230.43 409.25 Td (implements ) Tj ET Q q 0 0 0 rg BT 279.32 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.77 409.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 311.00 409.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 348.77 409.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 403.21 409.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.21 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.66 409.25 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 478.28 409.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 494.95 409.25 Td (became ) Tj ET Q q 0 0 0 rg BT 527.71 409.25 Td (ef) Tj ET Q q 0 0 0 rg BT 535.30 409.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.73 397.25 Td (December ) Tj ET Q q 0 0 0 rg BT 107.05 397.25 Td (24, ) Tj ET Q q 0 0 0 rg BT 122.79 397.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 148.52 397.25 Td (On ) Tj ET Q q 0 0 0 rg BT 163.26 397.25 Td (August ) Tj ET Q q 0 0 0 rg BT 195.39 397.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 211.12 397.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 234.35 397.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 264.81 397.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 285.81 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.48 397.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 333.93 397.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 354.93 397.25 Td (published ) Tj ET Q q 0 0 0 rg BT 397.05 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.50 397.25 Td (first ) Tj ET Q q 0 0 0 rg BT 431.85 397.25 Td (material ) Tj ET Q q 0 0 0 rg BT 467.84 397.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 501.62 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.63 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.08 397.25 Td (Uniform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.25 Td (Residential ) Tj ET Q q 0 0 0 rg BT 97.20 385.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 119.87 385.25 Td (Application ) Tj ET Q q 0 0 0 rg BT 169.79 385.25 Td (\(URLA\) ) Tj ET Q q 0 0 0 rg BT 206.39 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.88 385.25 Td (more ) Tj ET Q q 0 0 0 rg BT 240.14 385.25 Td (than ) Tj ET Q q 0 0 0 rg BT 260.07 385.25 Td (20 ) Tj ET Q q 0 0 0 rg BT 272.78 385.25 Td (years ) Tj ET Q q 0 0 0 rg BT 296.60 385.25 Td (which ) Tj ET Q q 0 0 0 rg BT 323.75 385.25 Td (will ) Tj ET Q q 0 0 0 rg BT 342.02 385.25 Td (become ) Tj ET Q q 0 0 0 rg BT 375.83 385.25 Td (ef) Tj ET Q q 0 0 0 rg BT 383.42 385.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 413.33 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 423.82 385.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 448.84 385.25 Td (These ) Tj ET Q q 0 0 0 rg BT 475.43 385.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 514.81 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.96 385.25 Td (updates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.53 373.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 101.88 373.25 Td (us ) Tj ET Q q 0 0 0 rg BT 113.92 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.85 373.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 148.54 373.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 193.90 373.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 231.76 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.35 373.25 Td (future ) Tj ET Q q 0 0 0 rg BT 276.37 373.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 310.07 373.25 Td (will ) Tj ET Q q 0 0 0 rg BT 328.77 373.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 354.69 373.25 Td (similarly ) Tj ET Q q 0 0 0 rg BT 393.39 373.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 418.75 373.25 Td (us ) Tj ET Q q 0 0 0 rg BT 430.79 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.72 373.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 465.41 373.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 510.77 373.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 548.63 373.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 87.41 361.25 Td (if ) Tj ET Q q 0 0 0 rg BT 95.06 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.82 361.25 Td (new ) Tj ET Q q 0 0 0 rg BT 127.02 361.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 146.34 361.25 Td (presidential ) Tj ET Q q 0 0 0 rg BT 194.53 361.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 253.84 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.82 361.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 289.15 361.25 Td (Congress ) Tj ET Q q 0 0 0 rg BT 327.91 361.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 379.44 361.25 Td (change ) Tj ET Q q 0 0 0 rg BT 409.29 361.25 Td (or ) Tj ET Q q 0 0 0 rg BT 419.17 361.25 Td (repeal ) Tj ET Q q 0 0 0 rg BT 445.13 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.89 361.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 498.19 361.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 529.73 361.25 Td (portions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.04 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.48 349.25 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 125.08 349.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 141.74 349.25 Td (or ) Tj ET Q q 0 0 0 rg BT 152.28 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.71 349.25 Td (CFBP) Tj ET Q q 0 0 0 rg BT 190.80 349.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.02 349.25 Td (announces ) Tj ET Q q 0 0 0 rg BT 237.44 349.25 Td (new ) Tj ET Q q 0 0 0 rg BT 256.31 349.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 277.97 349.25 Td (or ) Tj ET Q q 0 0 0 rg BT 288.51 349.25 Td (repeals ) Tj ET Q q 0 0 0 rg BT 319.04 349.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 363.47 349.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 409.00 349.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 433.15 349.25 Td (we ) Tj ET Q q 0 0 0 rg BT 447.03 349.25 Td (may ) Tj ET Q q 0 0 0 rg BT 466.46 349.25 Td (need ) Tj ET Q q 0 0 0 rg BT 487.55 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.54 349.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 520.31 349.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.37 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.81 337.25 Td (make ) Tj ET Q q 0 0 0 rg BT 119.13 337.25 Td (updates ) Tj ET Q q 0 0 0 rg BT 152.34 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.78 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 178.78 337.25 Td (products ) Tj ET Q q 0 0 0 rg BT 215.88 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.98 337.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 270.35 337.25 Td (In ) Tj ET Q q 0 0 0 rg BT 281.35 337.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 319.28 337.25 Td (if ) Tj ET Q q 0 0 0 rg BT 328.05 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.05 337.25 Td (products ) Tj ET Q q 0 0 0 rg BT 381.15 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.25 337.25 Td (services ) Tj ET Q q 0 0 0 rg BT 433.12 337.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 449.11 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.55 337.25 Td (address ) Tj ET Q q 0 0 0 rg BT 492.21 337.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 527.07 337.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.07 337.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 99.44 325.25 Td (we ) Tj ET Q q 0 0 0 rg BT 114.10 325.25 Td (could ) Tj ET Q q 0 0 0 rg BT 139.33 325.25 Td (be ) Tj ET Q q 0 0 0 rg BT 151.77 325.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.10 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 193.88 325.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 222.99 325.25 Td (by ) Tj ET Q q 0 0 0 rg BT 236.00 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 252.33 325.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 295.89 325.25 Td (that ) Tj ET Q q 0 0 0 rg BT 313.89 325.25 Td (we ) Tj ET Q q 0 0 0 rg BT 328.55 325.25 Td (have ) Tj ET Q q 0 0 0 rg BT 350.44 325.25 Td (breached ) Tj ET Q q 0 0 0 rg BT 389.52 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 405.86 325.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 445.52 325.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 484.62 325.25 Td (as ) Tj ET Q q 0 0 0 rg BT 495.96 325.25 Td (well ) Tj ET Q q 0 0 0 rg BT 516.18 325.25 Td (as ) Tj ET Q q 0 0 0 rg BT 527.51 325.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 77.89 313.25 Td (by ) Tj ET Q q 0 0 0 rg BT 90.17 313.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 133.00 313.25 Td (or ) Tj ET Q q 0 0 0 rg BT 143.62 313.25 Td (government ) Tj ET Q q 0 0 0 rg BT 193.67 313.25 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 232.87 313.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 255.16 313.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 283.55 313.25 Td (could ) Tj ET Q q 0 0 0 rg BT 308.05 313.25 Td (result ) Tj ET Q q 0 0 0 rg BT 332.55 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.62 313.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 387.67 313.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 409.96 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.68 313.25 Td (we ) Tj ET Q q 0 0 0 rg BT 440.63 313.25 Td (could ) Tj ET Q q 0 0 0 rg BT 465.13 313.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 487.96 313.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 531.91 313.25 Td (or ) Tj ET Q q 0 0 0 rg BT 542.53 313.25 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.25 Td (into ) Tj ET Q q 0 0 0 rg BT 68.30 301.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 116.54 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.12 301.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 157.46 301.25 Td (that ) Tj ET Q q 0 0 0 rg BT 175.71 301.25 Td (could ) Tj ET Q q 0 0 0 rg BT 201.17 301.25 Td (have ) Tj ET Q q 0 0 0 rg BT 223.29 301.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.98 301.25 Td (material ) Tj ET Q q 0 0 0 rg BT 266.98 301.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 300.76 301.25 Td (ef) Tj ET Q q 0 0 0 rg BT 308.35 301.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 326.58 301.25 Td (on ) Tj ET Q q 0 0 0 rg BT 339.83 301.25 Td (our ) Tj ET Q q 0 0 0 rg BT 356.41 301.25 Td (business ) Tj ET Q q 0 0 0 rg BT 393.54 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.23 301.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 452.24 301.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 484.09 301.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 539.82 301.25 Td (if ) Tj ET Q q 0 0 0 rg BT 549.18 301.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (products ) Tj ET Q q 0 0 0 rg BT 86.08 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.67 289.25 Td (services ) Tj ET Q q 0 0 0 rg BT 137.02 289.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 152.49 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.41 289.25 Td (address ) Tj ET Q q 0 0 0 rg BT 194.55 289.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 228.90 289.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 249.37 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.95 289.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 312.53 289.25 Td (this ) Tj ET Q q 0 0 0 rg BT 329.13 289.25 Td (could ) Tj ET Q q 0 0 0 rg BT 353.49 289.25 Td (result ) Tj ET Q q 0 0 0 rg BT 377.85 289.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.77 289.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 423.79 289.25 Td (publicity) Tj ET Q q 0 0 0 rg BT 458.69 289.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.34 289.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 496.58 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.50 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 521.97 289.25 Td (reputation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.02 277.25 Td (brand, ) Tj ET Q q 0 0 0 rg BT 93.37 277.25 Td (hinder ) Tj ET Q q 0 0 0 rg BT 121.00 277.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.41 277.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 164.04 277.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.90 277.25 Td (enroll ) Tj ET Q q 0 0 0 rg BT 199.31 277.25 Td (new ) Tj ET Q q 0 0 0 rg BT 218.05 277.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 260.68 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.20 277.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 301.49 277.25 Td (us ) Tj ET Q q 0 0 0 rg BT 312.46 277.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.32 277.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 340.51 277.25 Td (current ) Tj ET Q q 0 0 0 rg BT 370.91 277.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 416.04 277.25 Td (all ) Tj ET Q q 0 0 0 rg BT 428.11 277.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.53 277.25 Td (which ) Tj ET Q q 0 0 0 rg BT 465.05 277.25 Td (could ) Tj ET Q q 0 0 0 rg BT 489.34 277.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 541.98 277.25 Td (harm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 265.25 Td (business ) Tj ET Q q 0 0 0 rg BT 101.72 265.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.66 265.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 158.92 265.25 Td (results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (Potential ) Tj ET Q q 0 0 0 rg BT 89.11 244.25 Td (structural ) Tj ET Q q 0 0 0 rg BT 132.07 244.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 168.35 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 179.08 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.25 244.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 214.43 244.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 260.15 244.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 301.43 244.25 Td (industry) Tj ET Q q 0 0 0 rg BT 334.96 244.25 Td (, ) Tj ET Q q 0 0 0 rg BT 339.85 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.58 244.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 394.09 244.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 418.71 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.88 244.25 Td (diminish ) Tj ET Q q 0 0 0 rg BT 467.40 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.56 244.25 Td (role ) Tj ET Q q 0 0 0 rg BT 501.06 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.78 244.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 544.18 244.25 Td (Mae ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.56 232.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 102.28 232.25 Td (Mac, ) Tj ET Q q 0 0 0 rg BT 125.61 232.25 Td (could ) Tj ET Q q 0 0 0 rg BT 150.89 232.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 182.29 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.57 232.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 243.40 232.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 284.79 232.25 Td (market ) Tj ET Q q 0 0 0 rg BT 316.17 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.24 232.25 Td (have ) Tj ET Q q 0 0 0 rg BT 356.17 232.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.67 232.25 Td (material ) Tj ET Q q 0 0 0 rg BT 400.62 232.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 434.22 232.25 Td (ef) Tj ET Q q 0 0 0 rg BT 441.80 232.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 459.29 232.25 Td (on ) Tj ET Q q 0 0 0 rg BT 472.35 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 489.30 232.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 215.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 102.85 215.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 122.76 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.34 215.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 172.02 215.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 191.93 215.25 Td (play ) Tj ET Q q 0 0 0 rg BT 211.28 215.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.86 215.25 Td (very ) Tj ET Q q 0 0 0 rg BT 237.76 215.25 Td (important ) Tj ET Q q 0 0 0 rg BT 278.78 215.25 Td (role ) Tj ET Q q 0 0 0 rg BT 296.47 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.38 215.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 347.41 215.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 380.65 215.25 Td (, ) Tj ET Q q 0 0 0 rg BT 385.29 215.25 Td (stability) Tj ET Q q 0 0 0 rg BT 416.86 215.25 Td (, ) Tj ET Q q 0 0 0 rg BT 421.50 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.08 215.25 Td (af) Tj ET Q q 0 0 0 rg BT 445.66 215.25 Td (fordability ) Tj ET Q q 0 0 0 rg BT 490.01 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.93 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.28 215.25 Td (current ) Tj ET Q q 0 0 0 rg BT 544.74 215.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 93.77 203.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 134.16 203.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 167.04 203.25 Td (In ) Tj ET Q q 0 0 0 rg BT 177.99 203.25 Td (particular) Tj ET Q q 0 0 0 rg BT 215.90 203.25 Td (, ) Tj ET Q q 0 0 0 rg BT 221.02 203.25 Td (they ) Tj ET Q q 0 0 0 rg BT 240.86 203.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 285.68 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.08 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.92 203.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 354.08 203.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 394.46 203.25 Td (market ) Tj ET Q q 0 0 0 rg BT 424.84 203.25 Td (by ) Tj ET Q q 0 0 0 rg BT 437.47 203.25 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 483.96 203.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 524.35 203.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 548.08 203.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.25 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 121.33 191.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 162.63 191.25 Td (for ) Tj ET Q q 0 0 0 rg BT 177.83 191.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 225.24 191.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.22 191.25 Td (by ) Tj ET Q q 0 0 0 rg BT 256.75 191.25 Td (issuing ) Tj ET Q q 0 0 0 rg BT 288.63 191.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 336.02 191.25 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 407.85 191.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 451.40 191.25 Td (There ) Tj ET Q q 0 0 0 rg BT 478.25 191.25 Td (have ) Tj ET Q q 0 0 0 rg BT 500.66 191.25 Td (been ) Tj ET Q q 0 0 0 rg BT 523.07 191.25 Td (numerous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 90.09 179.25 Td (branch ) Tj ET Q q 0 0 0 rg BT 119.57 179.25 Td (proposals ) Tj ET Q q 0 0 0 rg BT 160.17 179.25 Td (as ) Tj ET Q q 0 0 0 rg BT 170.78 179.25 Td (well ) Tj ET Q q 0 0 0 rg BT 190.27 179.25 Td (as ) Tj ET Q q 0 0 0 rg BT 200.88 179.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 239.81 179.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 269.84 179.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 313.78 179.25 Td (which ) Tj ET Q q 0 0 0 rg BT 340.49 179.25 Td (may ) Tj ET Q q 0 0 0 rg BT 359.98 179.25 Td (wind ) Tj ET Q q 0 0 0 rg BT 382.26 179.25 Td (down ) Tj ET Q q 0 0 0 rg BT 406.76 179.25 Td (or ) Tj ET Q q 0 0 0 rg BT 417.36 179.25 Td (recapitalize ) Tj ET Q q 0 0 0 rg BT 465.71 179.25 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 495.20 179.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 515.25 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.96 179.25 Td (Freddie ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 69.13 167.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 96.53 167.25 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 135.60 167.25 Td (or ) Tj ET Q q 0 0 0 rg BT 145.79 167.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 174.29 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.37 167.25 Td (government) Tj ET Q q 0 0 0 rg BT 238.91 167.25 Td (s ) Tj ET Q q 0 0 0 rg BT 244.66 167.25 Td (role ) Tj ET Q q 0 0 0 rg BT 262.07 167.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.71 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.78 167.25 Td (housing ) Tj ET Q q 0 0 0 rg BT 319.31 167.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 351.03 167.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 370.11 167.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 414.18 167.25 Td (structural ) Tj ET Q q 0 0 0 rg BT 453.80 167.25 Td (change ) Tj ET Q q 0 0 0 rg BT 483.98 167.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.61 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.69 167.25 Td (role ) Tj ET Q q 0 0 0 rg BT 525.10 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.29 167.25 Td (Fannie ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 70.19 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 87.55 155.25 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 121.02 155.25 Td (Mac ) Tj ET Q q 0 0 0 rg BT 141.71 155.25 Td (or ) Tj ET Q q 0 0 0 rg BT 152.96 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 163.66 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.80 155.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 199.50 155.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 244.07 155.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 284.76 155.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 320.46 155.25 Td (may ) Tj ET Q q 0 0 0 rg BT 340.60 155.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 365.73 155.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 410.86 155.25 Td (disruption ) Tj ET Q q 0 0 0 rg BT 454.34 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.04 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.17 155.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 524.75 155.25 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 82.03 143.25 Td (If ) Tj ET Q q 0 0 0 rg BT 90.95 143.25 Td (we ) Tj ET Q q 0 0 0 rg BT 104.88 143.25 Td (are ) Tj ET Q q 0 0 0 rg BT 119.35 143.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 148.27 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.31 143.25 Td (react ) Tj ET Q q 0 0 0 rg BT 180.00 143.25 Td (ef) Tj ET Q q 0 0 0 rg BT 187.59 143.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 224.83 143.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.54 143.25 Td (quickly ) Tj ET Q q 0 0 0 rg BT 273.80 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.84 143.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 318.31 143.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.35 143.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.84 143.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 386.75 143.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 426.78 143.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 461.82 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 472.42 143.25 Td (if ) Tj ET Q q 0 0 0 rg BT 480.79 143.25 Td (such ) Tj ET Q q 0 0 0 rg BT 501.38 143.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 535.86 143.25 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 131.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 96.71 131.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.54 131.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 147.81 131.25 Td (lending, ) Tj ET Q q 0 0 0 rg BT 182.80 131.25 Td (our ) Tj ET Q q 0 0 0 rg BT 198.63 131.25 Td (business ) Tj ET Q q 0 0 0 rg BT 235.02 131.25 Td (could ) Tj ET Q q 0 0 0 rg BT 259.74 131.25 Td (be ) Tj ET Q q 0 0 0 rg BT 271.68 131.25 Td (harmed.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 740.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.94 740.25 Td (may ) Tj ET Q q 0 0 0 rg BT 85.01 740.25 Td (be ) Tj ET Q q 0 0 0 rg BT 97.29 740.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 128.48 740.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.67 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.29 740.25 Td (way ) Tj ET Q q 0 0 0 rg BT 174.25 740.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.44 740.25 Td (which ) Tj ET Q q 0 0 0 rg BT 213.30 740.25 Td (we ) Tj ET Q q 0 0 0 rg BT 227.26 740.25 Td (market ) Tj ET Q q 0 0 0 rg BT 259.00 740.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.30 740.25 Td (business ) Tj ET Q q 0 0 0 rg BT 314.17 740.25 Td (or ) Tj ET Q q 0 0 0 rg BT 325.91 740.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 364.31 740.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 399.93 740.25 Td (by ) Tj ET Q q 0 0 0 rg BT 412.22 740.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 432.85 740.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 464.58 740.25 Td (law ) Tj ET Q q 0 0 0 rg BT 481.88 740.25 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 530.86 740.25 Td (referral ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.10 728.25 Td (in ) Tj ET Q q 0 0 0 rg BT 78.94 728.25 Td (real ) Tj ET Q q 0 0 0 rg BT 97.55 728.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 123.37 728.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 178.94 728.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.00 728.25 Td (if ) Tj ET Q q 0 0 0 rg BT 205.61 728.25 Td (we ) Tj ET Q q 0 0 0 rg BT 219.22 728.25 Td (are ) Tj ET Q q 0 0 0 rg BT 235.05 728.25 Td (found ) Tj ET Q q 0 0 0 rg BT 262.00 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.28 728.25 Td (be ) Tj ET Q q 0 0 0 rg BT 284.22 728.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.06 728.25 Td (violation ) Tj ET Q q 0 0 0 rg BT 333.67 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.50 728.25 Td (such ) Tj ET Q q 0 0 0 rg BT 366.46 728.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 387.30 728.25 Td (we ) Tj ET Q q 0 0 0 rg BT 400.91 728.25 Td (would ) Tj ET Q q 0 0 0 rg BT 428.42 728.25 Td (be ) Tj ET Q q 0 0 0 rg BT 440.35 728.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 471.74 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.02 728.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.42 728.25 Td (liability) Tj ET Q q 0 0 0 rg BT 559.15 728.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 711.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 96.48 711.25 Td (A) Tj ET Q q 0 0 0 rg BT 103.15 711.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.80 711.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 145.65 711.25 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 183.86 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.72 711.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 235.81 711.25 Td (or ) Tj ET Q q 0 0 0 rg BT 246.79 711.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 276.64 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.62 711.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 306.36 711.25 Td (or ) Tj ET Q q 0 0 0 rg BT 317.34 711.25 Td (any ) Tj ET Q q 0 0 0 rg BT 334.43 711.25 Td (other ) Tj ET Q q 0 0 0 rg BT 357.63 711.25 Td (thing ) Tj ET Q q 0 0 0 rg BT 380.83 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.81 711.25 Td (value ) Tj ET Q q 0 0 0 rg BT 416.11 711.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.42 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.29 711.25 Td (referral ) Tj ET Q q 0 0 0 rg BT 477.35 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.33 711.25 Td (business ) Tj ET Q q 0 0 0 rg BT 524.87 711.25 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 711.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.65 699.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 101.02 699.25 Td (real ) Tj ET Q q 0 0 0 rg BT 118.72 699.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 144.20 699.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 188.01 699.25 Td (service ) Tj ET Q q 0 0 0 rg BT 219.04 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.19 699.25 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 274.47 699.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 289.39 699.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 317.09 699.25 Td (or ) Tj ET Q q 0 0 0 rg BT 328.14 699.25 Td (splits ) Tj ET Q q 0 0 0 rg BT 351.97 699.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.02 699.25 Td (unearned ) Tj ET Q q 0 0 0 rg BT 402.38 699.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 421.19 699.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.68 699.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 478.27 699.25 Td (with ) Tj ET Q q 0 0 0 rg BT 498.76 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.69 699.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 554.19 699.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (such ) Tj ET Q q 0 0 0 rg BT 69.63 687.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 106.13 687.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 153.47 687.25 Td (software ) Tj ET Q q 0 0 0 rg BT 189.70 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.94 687.25 Td (services ) Tj ET Q q 0 0 0 rg BT 239.94 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.17 687.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.19 687.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 290.87 687.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 310.43 687.25 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.42 687.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.22 687.25 Td (were ) Tj ET Q q 0 0 0 rg BT 368.45 687.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 405.79 687.25 Td (with ) Tj ET Q q 0 0 0 rg BT 425.36 687.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 461.59 687.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 497.28 687.25 Td (that ) Tj ET Q q 0 0 0 rg BT 514.07 687.25 Td (are ) Tj ET Q q 0 0 0 rg BT 528.07 687.25 Td (intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.28 675.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 91.28 675.25 Td (with ) Tj ET Q q 0 0 0 rg BT 111.05 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.27 675.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 171.71 675.25 Td (under ) Tj ET Q q 0 0 0 rg BT 196.48 675.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 219.46 675.25 Td (A. ) Tj ET Q q 0 0 0 rg BT 231.18 675.25 Td (Nonetheless, ) Tj ET Q q 0 0 0 rg BT 284.56 675.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 307.54 675.25 Td (A) Tj ET Q q 0 0 0 rg BT 314.21 675.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.21 675.25 Td (may ) Tj ET Q q 0 0 0 rg BT 335.43 675.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 365.20 675.25 Td (our ) Tj ET Q q 0 0 0 rg BT 380.53 675.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 408.08 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.86 675.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 439.85 675.25 Td (into ) Tj ET Q q 0 0 0 rg BT 457.40 675.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 499.95 675.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.39 675.25 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 107.55 663.25 Td (with ) Tj ET Q q 0 0 0 rg BT 129.52 663.25 Td (third ) Tj ET Q q 0 0 0 rg BT 152.59 663.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 183.44 663.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.29 663.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 235.14 663.25 Td (or ) Tj ET Q q 0 0 0 rg BT 247.66 663.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 276.28 663.25 Td (developed ) Tj ET Q q 0 0 0 rg BT 321.57 663.25 Td (products ) Tj ET Q q 0 0 0 rg BT 360.19 663.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.82 663.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 417.72 663.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 467.99 663.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.96 663.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.37 663.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 524.99 663.25 Td (that ) Tj ET Q q 0 0 0 rg BT 544.17 663.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 106.32 651.25 Td (may ) Tj ET Q q 0 0 0 rg BT 126.50 651.25 Td (be ) Tj ET Q q 0 0 0 rg BT 138.90 651.25 Td (characterized ) Tj ET Q q 0 0 0 rg BT 195.15 651.25 Td (as ) Tj ET Q q 0 0 0 rg BT 206.44 651.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 247.74 651.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 289.02 651.25 Td (for ) Tj ET Q q 0 0 0 rg BT 303.65 651.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.82 651.25 Td (referral ) Tj ET Q q 0 0 0 rg BT 351.20 651.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.49 651.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 407.10 651.25 Td (real ) Tj ET Q q 0 0 0 rg BT 425.05 651.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 450.77 651.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 494.83 651.25 Td (service ) Tj ET Q q 0 0 0 rg BT 526.11 651.25 Td (business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 639.25 Td (, ) Tj ET Q q 0 0 0 rg BT 105.02 639.25 Td (any ) Tj ET Q q 0 0 0 rg BT 122.58 639.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 176.25 639.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.15 639.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 210.13 639.25 Td (A, ) Tj ET Q q 0 0 0 rg BT 222.97 639.25 Td (court ) Tj ET Q q 0 0 0 rg BT 246.64 639.25 Td (opinions ) Tj ET Q q 0 0 0 rg BT 284.21 639.25 Td (interpreting ) Tj ET Q q 0 0 0 rg BT 333.98 639.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.32 639.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 394.11 639.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.57 639.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 428.55 639.25 Td (A, ) Tj ET Q q 0 0 0 rg BT 441.39 639.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.84 639.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 488.17 639.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.07 639.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.41 639.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 547.52 639.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 72.48 627.25 Td (A) Tj ET Q q 0 0 0 rg BT 79.15 627.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.93 627.25 Td (is ) Tj ET Q q 0 0 0 rg BT 89.37 627.25 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 134.45 627.25 Td (by ) Tj ET Q q 0 0 0 rg BT 146.22 627.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.21 627.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 203.08 627.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 239.28 627.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 286.59 627.25 Td (for ) Tj ET Q q 0 0 0 rg BT 300.03 627.25 Td (enforcing ) Tj ET Q q 0 0 0 rg BT 340.12 627.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 363.10 627.25 Td (A, ) Tj ET Q q 0 0 0 rg BT 374.59 627.25 Td (that ) Tj ET Q q 0 0 0 rg BT 391.36 627.25 Td (result ) Tj ET Q q 0 0 0 rg BT 415.35 627.25 Td (in ) Tj ET Q q 0 0 0 rg BT 424.90 627.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 471.11 627.25 Td (on ) Tj ET Q q 0 0 0 rg BT 482.88 627.25 Td (our ) Tj ET Q q 0 0 0 rg BT 497.98 627.25 Td (current ) Tj ET Q q 0 0 0 rg BT 528.07 627.25 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.25 Td (methods, ) Tj ET Q q 0 0 0 rg BT 88.83 615.25 Td (or ) Tj ET Q q 0 0 0 rg BT 100.10 615.25 Td (any ) Tj ET Q q 0 0 0 rg BT 117.48 615.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 175.96 615.25 Td (that ) Tj ET Q q 0 0 0 rg BT 193.90 615.25 Td (our ) Tj ET Q q 0 0 0 rg BT 210.17 615.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 247.54 615.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 284.37 615.25 Td (have ) Tj ET Q q 0 0 0 rg BT 306.19 615.25 Td (been ) Tj ET Q q 0 0 0 rg BT 328.01 615.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.39 615.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 384.43 615.25 Td (are ) Tj ET Q q 0 0 0 rg BT 399.58 615.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 430.84 615.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.56 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.72 615.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 504.10 615.25 Td (under ) Tj ET Q q 0 0 0 rg BT 529.81 615.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 552.79 615.25 Td (A, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.39 603.25 Td (have ) Tj ET Q q 0 0 0 rg BT 95.94 603.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.05 603.25 Td (material ) Tj ET Q q 0 0 0 rg BT 138.48 603.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 171.69 603.25 Td (ef) Tj ET Q q 0 0 0 rg BT 179.28 603.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.94 603.25 Td (on ) Tj ET Q q 0 0 0 rg BT 209.61 603.25 Td (our ) Tj ET Q q 0 0 0 rg BT 225.61 603.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 264.67 603.25 Td (If ) Tj ET Q q 0 0 0 rg BT 274.01 603.25 Td (we ) Tj ET Q q 0 0 0 rg BT 288.34 603.25 Td (were ) Tj ET Q q 0 0 0 rg BT 310.44 603.25 Td (found ) Tj ET Q q 0 0 0 rg BT 336.44 603.25 Td (to ) Tj ET Q q 0 0 0 rg BT 346.89 603.25 Td (be ) Tj ET Q q 0 0 0 rg BT 359.00 603.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.46 603.25 Td (violation ) Tj ET Q q 0 0 0 rg BT 407.68 603.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.68 603.25 Td (RESP) Tj ET Q q 0 0 0 rg BT 441.67 603.25 Td (A) Tj ET Q q 0 0 0 rg BT 448.33 603.25 Td ( ) Tj ET Q q 0 0 0 rg BT 451.01 603.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 475.62 603.25 Td (we ) Tj ET Q q 0 0 0 rg BT 489.95 603.25 Td (would ) Tj ET Q q 0 0 0 rg BT 517.62 603.25 Td (be ) Tj ET Q q 0 0 0 rg BT 529.73 603.25 Td (exposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 591.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 591.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 104.49 591.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 141.98 591.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 175.59 591.25 Td (that ) Tj ET Q q 0 0 0 rg BT 193.08 591.25 Td (could ) Tj ET Q q 0 0 0 rg BT 217.80 591.25 Td (have ) Tj ET Q q 0 0 0 rg BT 239.18 591.25 Td (a ) Tj ET Q q 0 0 0 rg BT 246.12 591.25 Td (material ) Tj ET Q q 0 0 0 rg BT 281.38 591.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 314.41 591.25 Td (ef) Tj ET Q q 0 0 0 rg BT 322.00 591.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 339.49 591.25 Td (on ) Tj ET Q q 0 0 0 rg BT 351.99 591.25 Td (our ) Tj ET Q q 0 0 0 rg BT 367.82 591.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 410.86 591.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.80 591.25 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 570.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 570.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.27 570.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 97.90 570.25 Td (on ) Tj ET Q q 0 0 0 rg BT 111.65 570.25 Td (key ) Tj ET Q q 0 0 0 rg BT 128.71 570.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.46 570.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 176.76 570.25 Td (skilled ) Tj ET Q q 0 0 0 rg BT 206.61 570.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 250.36 570.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.32 570.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 295.06 570.25 Td (our ) Tj ET Q q 0 0 0 rg BT 312.70 570.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 353.40 570.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.14 570.25 Td (if ) Tj ET Q q 0 0 0 rg BT 381.44 570.25 Td (we ) Tj ET Q q 0 0 0 rg BT 395.73 570.25 Td (are ) Tj ET Q q 0 0 0 rg BT 412.25 570.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 443.77 570.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.74 570.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 482.37 570.25 Td (our ) Tj ET Q q 0 0 0 rg BT 500.01 570.25 Td (current ) Tj ET Q q 0 0 0 rg BT 533.76 570.25 Td (or ) Tj ET Q q 0 0 0 rg BT 545.84 570.25 Td (hire ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 558.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.67 558.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 139.24 558.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.19 558.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.24 558.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.52 558.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 228.11 558.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.17 558.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 298.11 558.25 Td (market ) Tj ET Q q 0 0 0 rg BT 329.50 558.25 Td (our ) Tj ET Q q 0 0 0 rg BT 346.45 558.25 Td (business ) Tj ET Q q 0 0 0 rg BT 383.97 558.25 Td (could ) Tj ET Q q 0 0 0 rg BT 409.25 558.25 Td (be ) Tj ET Q q 0 0 0 rg BT 421.18 558.25 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 541.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 541.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.96 541.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 122.22 541.25 Td (our ) Tj ET Q q 0 0 0 rg BT 138.93 541.25 Td (future ) Tj ET Q q 0 0 0 rg BT 166.20 541.25 Td (success ) Tj ET Q q 0 0 0 rg BT 199.57 541.25 Td (will ) Tj ET Q q 0 0 0 rg BT 218.51 541.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 250.78 541.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.94 541.25 Td (lar) Tj ET Q q 0 0 0 rg BT 272.31 541.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 285.13 541.25 Td (part ) Tj ET Q q 0 0 0 rg BT 304.06 541.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 327.45 541.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.16 541.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 373.10 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.26 541.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 412.63 541.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.45 541.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 456.60 541.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 485.54 541.25 Td (skilled ) Tj ET Q q 0 0 0 rg BT 515.59 541.25 Td (managerial, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.25 Td (technical, ) Tj ET Q q 0 0 0 rg BT 90.47 529.25 Td (finance, ) Tj ET Q q 0 0 0 rg BT 124.78 529.25 Td (creative, ) Tj ET Q q 0 0 0 rg BT 161.31 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.13 529.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 199.96 529.25 Td (and ) Tj ET Q q 0 0 0 rg BT 216.78 529.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 259.71 529.25 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 303.47 529.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 342.50 529.25 Td (, ) Tj ET Q q 0 0 0 rg BT 347.38 529.25 Td (we ) Tj ET Q q 0 0 0 rg BT 361.43 529.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 392.69 529.25 Td (that ) Tj ET Q q 0 0 0 rg BT 410.07 529.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.78 529.25 Td (future ) Tj ET Q q 0 0 0 rg BT 452.04 529.25 Td (success ) Tj ET Q q 0 0 0 rg BT 484.42 529.25 Td (is ) Tj ET Q q 0 0 0 rg BT 493.47 529.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 521.42 529.25 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.76 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.24 517.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 131.27 517.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.86 517.25 Td (our ) Tj ET Q q 0 0 0 rg BT 157.45 517.25 Td (named ) Tj ET Q q 0 0 0 rg BT 186.36 517.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 226.93 517.25 Td (of) Tj ET Q q 0 0 0 rg BT 235.08 517.25 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 261.55 517.25 Td (All ) Tj ET Q q 0 0 0 rg BT 276.59 517.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.18 517.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.77 517.25 Td (of) Tj ET Q q 0 0 0 rg BT 310.92 517.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 335.39 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.08 517.25 Td (other ) Tj ET Q q 0 0 0 rg BT 374.89 517.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 419.91 517.25 Td (are ) Tj ET Q q 0 0 0 rg BT 434.38 517.25 Td (at-will ) Tj ET Q q 0 0 0 rg BT 462.74 517.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 510.27 517.25 Td (which ) Tj ET Q q 0 0 0 rg BT 536.97 517.25 Td (means ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.25 Td (they ) Tj ET Q q 0 0 0 rg BT 69.47 505.25 Td (may ) Tj ET Q q 0 0 0 rg BT 89.44 505.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 129.95 505.25 Td (their ) Tj ET Q q 0 0 0 rg BT 151.02 505.25 Td (employment ) Tj ET Q q 0 0 0 rg BT 203.77 505.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 253.73 505.25 Td (with ) Tj ET Q q 0 0 0 rg BT 274.26 505.25 Td (us ) Tj ET Q q 0 0 0 rg BT 285.90 505.25 Td (at ) Tj ET Q q 0 0 0 rg BT 295.87 505.25 Td (any ) Tj ET Q q 0 0 0 rg BT 313.06 505.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 336.08 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.27 505.25 Td (their ) Tj ET Q q 0 0 0 rg BT 374.35 505.25 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 420.98 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.06 505.25 Td (our ) Tj ET Q q 0 0 0 rg BT 448.14 505.25 Td (business ) Tj ET Q q 0 0 0 rg BT 484.79 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.98 505.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 537.51 505.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.27 493.25 Td (extremely ) Tj ET Q q 0 0 0 rg BT 103.58 493.25 Td (dif) Tj ET Q q 0 0 0 rg BT 114.50 493.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 137.94 493.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.04 493.25 Td (replace. ) Tj ET Q q 0 0 0 rg BT 181.74 493.25 Td (In ) Tj ET Q q 0 0 0 rg BT 192.40 493.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 230.00 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.54 493.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 262.43 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.09 493.25 Td (any ) Tj ET Q q 0 0 0 rg BT 289.86 493.25 Td (key ) Tj ET Q q 0 0 0 rg BT 306.63 493.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 351.72 493.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.38 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.93 493.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 412.59 493.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.69 493.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 450.00 493.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.66 493.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 485.75 493.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 523.63 493.25 Td (personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.29 481.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 98.52 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.31 481.25 Td (development ) Tj ET Q q 0 0 0 rg BT 167.53 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.54 481.25 Td (introduction ) Tj ET Q q 0 0 0 rg BT 236.00 481.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 249.40 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.41 481.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 289.53 481.25 Td (our ) Tj ET Q q 0 0 0 rg BT 305.44 481.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 333.56 481.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.91 481.25 Td (sell, ) Tj ET Q q 0 0 0 rg BT 362.87 481.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.78 481.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 417.47 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.48 481.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 457.60 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.39 481.25 Td (market) Tj ET Q q 0 0 0 rg BT 502.93 481.25 Td (s ) Tj ET Q q 0 0 0 rg BT 509.40 481.25 Td (perception ) Tj ET Q q 0 0 0 rg BT 554.17 481.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 63.15 469.25 Td (Competition ) Tj ET Q q 0 0 0 rg BT 115.41 469.25 Td (for ) Tj ET Q q 0 0 0 rg BT 129.32 469.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 167.12 469.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 208.26 469.25 Td (is ) Tj ET Q q 0 0 0 rg BT 217.18 469.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 265.53 469.25 Td (intense ) Tj ET Q q 0 0 0 rg BT 296.11 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.15 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.62 469.25 Td (San ) Tj ET Q q 0 0 0 rg BT 337.88 469.25 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 379.01 469.25 Td (Bay ) Tj ET Q q 0 0 0 rg BT 396.88 469.25 Td (Area, ) Tj ET Q q 0 0 0 rg BT 421.07 469.25 Td (where ) Tj ET Q q 0 0 0 rg BT 447.75 469.25 Td (our ) Tj ET Q q 0 0 0 rg BT 463.34 469.25 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 516.68 469.25 Td (are ) Tj ET Q q 0 0 0 rg BT 531.15 469.25 Td (located. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.25 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 90.32 457.25 Td (individuals ) Tj ET Q q 0 0 0 rg BT 137.82 457.25 Td (are ) Tj ET Q q 0 0 0 rg BT 153.08 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.92 457.25 Td (high ) Tj ET Q q 0 0 0 rg BT 184.75 457.25 Td (demand, ) Tj ET Q q 0 0 0 rg BT 221.97 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.46 457.25 Td (we ) Tj ET Q q 0 0 0 rg BT 254.18 457.25 Td (may ) Tj ET Q q 0 0 0 rg BT 274.45 457.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 298.05 457.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 343.32 457.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 366.38 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.21 457.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 405.25 457.25 Td (them. ) Tj ET Q q 0 0 0 rg BT 430.58 457.25 Td (W) Tj ET Q q 0 0 0 rg BT 439.22 457.25 Td (e ) Tj ET Q q 0 0 0 rg BT 446.72 457.25 Td (may ) Tj ET Q q 0 0 0 rg BT 466.99 457.25 Td (be ) Tj ET Q q 0 0 0 rg BT 479.48 457.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 509.20 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.03 457.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 548.07 457.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 74.93 445.25 Td (suitably ) Tj ET Q q 0 0 0 rg BT 109.26 445.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 147.46 445.25 Td (individuals ) Tj ET Q q 0 0 0 rg BT 194.57 445.25 Td (who ) Tj ET Q q 0 0 0 rg BT 214.45 445.25 Td (are ) Tj ET Q q 0 0 0 rg BT 229.32 445.25 Td (capable ) Tj ET Q q 0 0 0 rg BT 262.52 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.51 445.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 308.39 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 324.38 445.25 Td (growing ) Tj ET Q q 0 0 0 rg BT 360.38 445.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 384.98 445.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 432.62 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.72 445.25 Td (managerial ) Tj ET Q q 0 0 0 rg BT 496.81 445.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 554.17 445.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.07 433.25 Td (be ) Tj ET Q q 0 0 0 rg BT 80.86 433.25 Td (required ) Tj ET Q q 0 0 0 rg BT 116.52 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.65 433.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 143.44 433.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 183.54 433.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 241.43 433.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.56 433.25 Td (order ) Tj ET Q q 0 0 0 rg BT 275.01 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 285.14 433.25 Td (do ) Tj ET Q q 0 0 0 rg BT 297.49 433.25 Td (so. ) Tj ET Q q 0 0 0 rg BT 311.23 433.25 Td (If ) Tj ET Q q 0 0 0 rg BT 320.24 433.25 Td (we ) Tj ET Q q 0 0 0 rg BT 334.25 433.25 Td (are ) Tj ET Q q 0 0 0 rg BT 348.81 433.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 377.81 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.94 433.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 415.27 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.06 433.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 457.18 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.74 433.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 509.63 433.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 550.86 433.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.25 Td (need ) Tj ET Q q 0 0 0 rg BT 70.88 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.16 421.25 Td (succeed, ) Tj ET Q q 0 0 0 rg BT 117.80 421.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.63 421.25 Td (business ) Tj ET Q q 0 0 0 rg BT 170.02 421.25 Td (will ) Tj ET Q q 0 0 0 rg BT 188.08 421.25 Td (suf) Tj ET Q q 0 0 0 rg BT 200.12 421.25 Td (fer) Tj ET Q q 0 0 0 rg BT 210.67 421.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 404.25 Td (V) Tj ET Q q 0 0 0 rg BT 79.43 404.25 Td (olatility ) Tj ET Q q 0 0 0 rg BT 112.81 404.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.40 404.25 Td (lack ) Tj ET Q q 0 0 0 rg BT 142.32 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.92 404.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 205.71 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 215.75 404.25 Td (our ) Tj ET Q q 0 0 0 rg BT 231.35 404.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 254.72 404.25 Td (price ) Tj ET Q q 0 0 0 rg BT 276.97 404.25 Td (may ) Tj ET Q q 0 0 0 rg BT 296.45 404.25 Td (also ) Tj ET Q q 0 0 0 rg BT 314.83 404.25 Td (af) Tj ET Q q 0 0 0 rg BT 322.42 404.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 339.67 404.25 Td (our ) Tj ET Q q 0 0 0 rg BT 355.26 404.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 383.08 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.12 404.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 420.37 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.07 404.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 462.10 404.25 Td (our ) Tj ET Q q 0 0 0 rg BT 477.70 404.25 Td (key ) Tj ET Q q 0 0 0 rg BT 494.40 404.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 541.93 404.25 Td (Most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.23 392.25 Td (our ) Tj ET Q q 0 0 0 rg BT 75.96 392.25 Td (named ) Tj ET Q q 0 0 0 rg BT 105.02 392.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 145.73 392.25 Td (of) Tj ET Q q 0 0 0 rg BT 153.88 392.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 178.49 392.25 Td (are ) Tj ET Q q 0 0 0 rg BT 193.10 392.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 221.05 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.23 392.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.07 392.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 283.24 392.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 315.64 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.37 392.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 349.88 392.25 Td (options ) Tj ET Q q 0 0 0 rg BT 381.73 392.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.57 392.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 451.52 392.25 Td (A) Tj ET Q q 0 0 0 rg BT 457.83 392.25 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.71 392.25 Td (. ) Tj ET Q q 0 0 0 rg BT 486.61 392.25 Td (Employees ) Tj ET Q q 0 0 0 rg BT 533.44 392.25 Td (may ) Tj ET Q q 0 0 0 rg BT 553.06 392.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (more ) Tj ET Q q 0 0 0 rg BT 72.31 380.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 97.35 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.40 380.25 Td (leave ) Tj ET Q q 0 0 0 rg BT 130.76 380.25 Td (us ) Tj ET Q q 0 0 0 rg BT 141.92 380.25 Td (if ) Tj ET Q q 0 0 0 rg BT 150.29 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.78 380.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 192.04 380.25 Td (they ) Tj ET Q q 0 0 0 rg BT 211.52 380.25 Td (own ) Tj ET Q q 0 0 0 rg BT 231.01 380.25 Td (or ) Tj ET Q q 0 0 0 rg BT 241.61 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.09 380.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 283.35 380.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 328.94 380.25 Td (their ) Tj ET Q q 0 0 0 rg BT 349.53 380.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 377.35 380.25 Td (options ) Tj ET Q q 0 0 0 rg BT 409.06 380.25 Td (have ) Tj ET Q q 0 0 0 rg BT 430.21 380.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 482.46 380.25 Td (appreciated ) Tj ET Q q 0 0 0 rg BT 530.81 380.25 Td (in ) Tj ET Q q 0 0 0 rg BT 540.85 380.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 82.43 368.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.17 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.33 368.25 Td (original ) Tj ET Q q 0 0 0 rg BT 142.39 368.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 180.88 368.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 207.71 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.00 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.17 368.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 262.11 368.25 Td (or ) Tj ET Q q 0 0 0 rg BT 273.39 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.56 368.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 324.27 368.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 351.10 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.38 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.55 368.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 406.05 368.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 440.95 368.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.24 368.25 Td (if ) Tj ET Q q 0 0 0 rg BT 461.30 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.47 368.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 512.17 368.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 539.00 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 368.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (options ) Tj ET Q q 0 0 0 rg BT 80.82 356.25 Td (that ) Tj ET Q q 0 0 0 rg BT 97.69 356.25 Td (they ) Tj ET Q q 0 0 0 rg BT 116.79 356.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 136.44 356.25 Td (are ) Tj ET Q q 0 0 0 rg BT 150.52 356.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 202.39 356.25 Td (above ) Tj ET Q q 0 0 0 rg BT 228.14 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.23 356.25 Td (market ) Tj ET Q q 0 0 0 rg BT 271.87 356.25 Td (price ) Tj ET Q q 0 0 0 rg BT 293.73 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.93 356.25 Td (our ) Tj ET Q q 0 0 0 rg BT 319.14 356.25 Td (common ) Tj ET Q q 0 0 0 rg BT 356.01 356.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 381.49 356.25 Td (If ) Tj ET Q q 0 0 0 rg BT 390.03 356.25 Td (we ) Tj ET Q q 0 0 0 rg BT 403.56 356.25 Td (are ) Tj ET Q q 0 0 0 rg BT 417.64 356.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 446.17 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.83 356.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 480.47 356.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.67 356.25 Td (named ) Tj ET Q q 0 0 0 rg BT 524.20 356.25 Td (executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 344.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 82.36 344.25 Td (or ) Tj ET Q q 0 0 0 rg BT 93.19 344.25 Td (other ) Tj ET Q q 0 0 0 rg BT 116.23 344.25 Td (key ) Tj ET Q q 0 0 0 rg BT 133.17 344.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 180.94 344.25 Td (our ) Tj ET Q q 0 0 0 rg BT 196.77 344.25 Td (business ) Tj ET Q q 0 0 0 rg BT 233.16 344.25 Td (will ) Tj ET Q q 0 0 0 rg BT 251.21 344.25 Td (be ) Tj ET Q q 0 0 0 rg BT 263.15 344.25 Td (harmed.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 323.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 323.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.19 323.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 96.84 323.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.29 323.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.39 323.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 142.62 323.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 191.37 323.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 224.86 323.25 Td (which ) Tj ET Q q 0 0 0 rg BT 251.97 323.25 Td (could ) Tj ET Q q 0 0 0 rg BT 276.85 323.25 Td (make ) Tj ET Q q 0 0 0 rg BT 301.17 323.25 Td (it ) Tj ET Q q 0 0 0 rg BT 308.84 323.25 Td (dif) Tj ET Q q 0 0 0 rg BT 319.76 323.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 343.53 323.25 Td (for ) Tj ET Q q 0 0 0 rg BT 357.86 323.25 Td (us ) Tj ET Q q 0 0 0 rg BT 369.42 323.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.30 323.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 408.07 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.74 323.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 452.29 323.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 501.62 323.25 Td (users ) Tj ET Q q 0 0 0 rg BT 525.40 323.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.07 323.25 Td (Ellie ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 311.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 70.33 311.25 Td (Network) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.33 311.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.83 311.25 Td (participants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 294.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.70 294.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 132.11 294.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 178.64 294.25 Td (software ) Tj ET Q q 0 0 0 rg BT 215.72 294.25 Td (market ) Tj ET Q q 0 0 0 rg BT 246.14 294.25 Td (is ) Tj ET Q q 0 0 0 rg BT 255.46 294.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 283.66 294.25 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 335.83 294.25 Td (There ) Tj ET Q q 0 0 0 rg BT 361.80 294.25 Td (are ) Tj ET Q q 0 0 0 rg BT 376.65 294.25 Td (many ) Tj ET Q q 0 0 0 rg BT 401.52 294.25 Td (software ) Tj ET Q q 0 0 0 rg BT 438.60 294.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 479.02 294.25 Td (that ) Tj ET Q q 0 0 0 rg BT 496.66 294.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 533.19 294.25 Td (with ) Tj ET Q q 0 0 0 rg BT 553.61 294.25 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.52 282.25 Td (of) Tj ET Q q 0 0 0 rg BT 70.67 282.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 97.57 282.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 117.80 282.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 164.71 282.25 Td (software ) Tj ET Q q 0 0 0 rg BT 202.15 282.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.95 282.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 253.74 282.25 Td (originators, ) Tj ET Q q 0 0 0 rg BT 302.58 282.25 Td (such ) Tj ET Q q 0 0 0 rg BT 323.93 282.25 Td (as: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.06 282.25 Td (Byte ) Tj ET Q q 0 0 0 rg BT 359.97 282.25 Td (Software ) Tj ET Q q 0 0 0 rg BT 399.08 282.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 419.87 282.25 Td (a ) Tj ET Q q 0 0 0 rg BT 427.33 282.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 471.46 282.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.81 282.25 Td (CBCInnovis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.82 282.25 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.62 282.25 Td (Calyx ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 270.25 Td (echnology) Tj ET Q q 0 0 0 rg BT 95.92 270.25 Td (, ) Tj ET Q q 0 0 0 rg BT 100.90 270.25 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.17 270.25 Td (; ) Tj ET Q q 0 0 0 rg BT 121.42 270.25 Td (DH ) Tj ET Q q 0 0 0 rg BT 138.35 270.25 Td (Corporation; ) Tj ET Q q 0 0 0 rg BT 191.93 270.25 Td (Lending ) Tj ET Q q 0 0 0 rg BT 227.74 270.25 Td (QB, ) Tj ET Q q 0 0 0 rg BT 246.61 270.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 287.97 270.25 Td (Builder ) Tj ET Q q 0 0 0 rg BT 320.44 270.25 Td (Software, ) Tj ET Q q 0 0 0 rg BT 361.52 270.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 381.77 270.25 Td (a ) Tj ET Q q 0 0 0 rg BT 388.69 270.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 432.28 270.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.54 270.25 Td (Altisource ) Tj ET Q q 0 0 0 rg BT 486.68 270.25 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 524.71 270.25 Td (Solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.25 Td (SA; ) Tj ET Q q 0 0 0 rg BT 68.34 258.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 110.49 258.25 Td (Cadence, ) Tj ET Q q 0 0 0 rg BT 150.70 258.25 Td (which ) Tj ET Q q 0 0 0 rg BT 178.41 258.25 Td (is ) Tj ET Q q 0 0 0 rg BT 188.36 258.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 218.30 258.25 Td (by ) Tj ET Q q 0 0 0 rg BT 230.85 258.25 Td (Accenture ) Tj ET Q q 0 0 0 rg BT 275.21 258.25 Td (PLC; ) Tj ET Q q 0 0 0 rg BT 299.37 258.25 Td (W) Tj ET Q q 0 0 0 rg BT 308.41 258.25 Td (ipro ) Tj ET Q q 0 0 0 rg BT 327.80 258.25 Td (Gallagher ) Tj ET Q q 0 0 0 rg BT 370.50 258.25 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 414.06 258.25 Td (which ) Tj ET Q q 0 0 0 rg BT 441.78 258.25 Td (is ) Tj ET Q q 0 0 0 rg BT 451.73 258.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 481.67 258.25 Td (by ) Tj ET Q q 0 0 0 rg BT 494.71 258.25 Td (W) Tj ET Q q 0 0 0 rg BT 503.75 258.25 Td (ipro, ) Tj ET Q q 0 0 0 rg BT 525.63 258.25 Td (Ltd.; ) Tj ET Q q 0 0 0 rg BT 548.07 258.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.25 Td (LoanSphere ) Tj ET Q q 0 0 0 rg BT 100.01 246.25 Td (Empower ) Tj ET Q q 0 0 0 rg BT 141.08 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.71 246.25 Td (LoanSphere ) Tj ET Q q 0 0 0 rg BT 208.22 246.25 Td (LendingSpace, ) Tj ET Q q 0 0 0 rg BT 270.11 246.25 Td (which ) Tj ET Q q 0 0 0 rg BT 296.74 246.25 Td (are ) Tj ET Q q 0 0 0 rg BT 311.14 246.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 339.99 246.25 Td (by ) Tj ET Q q 0 0 0 rg BT 352.19 246.25 Td (Black ) Tj ET Q q 0 0 0 rg BT 377.70 246.25 Td (Knight ) Tj ET Q q 0 0 0 rg BT 407.67 246.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 447.08 246.25 Td (Services, ) Tj ET Q q 0 0 0 rg BT 485.65 246.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 503.11 246.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 528.08 246.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.25 Td (providers, ) Tj ET Q q 0 0 0 rg BT 92.60 234.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.21 234.25 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 159.72 234.25 Td (T) Tj ET Q q 0 0 0 rg BT 165.13 234.25 Td (echnology) Tj ET Q q 0 0 0 rg BT 206.14 234.25 Td (, ) Tj ET Q q 0 0 0 rg BT 211.47 234.25 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.74 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.57 234.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.84 234.25 Td (Black ) Tj ET Q q 0 0 0 rg BT 273.00 234.25 Td (Knight ) Tj ET Q q 0 0 0 rg BT 303.61 234.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 343.65 234.25 Td (Services, ) Tj ET Q q 0 0 0 rg BT 382.86 234.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 403.46 234.25 Td (also ) Tj ET Q q 0 0 0 rg BT 422.40 234.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 455.78 234.25 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 508.04 234.25 Td (between ) Tj ET Q q 0 0 0 rg BT 544.19 234.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.25 Td (software ) Tj ET Q q 0 0 0 rg BT 87.30 222.25 Td (users ) Tj ET Q q 0 0 0 rg BT 111.22 222.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.02 222.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 161.27 222.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.08 222.25 Td (service ) Tj ET Q q 0 0 0 rg BT 210.76 222.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 251.90 222.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.04 222.25 Td (make ) Tj ET Q q 0 0 0 rg BT 288.07 222.25 Td (such ) Tj ET Q q 0 0 0 rg BT 309.76 222.25 Td (services ) Tj ET Q q 0 0 0 rg BT 345.34 222.25 Td (available ) Tj ET Q q 0 0 0 rg BT 384.80 222.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.94 222.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 437.07 222.25 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 471.58 222.25 Td (W) Tj ET Q q 0 0 0 rg BT 480.21 222.25 Td (e ) Tj ET Q q 0 0 0 rg BT 488.02 222.25 Td (also ) Tj ET Q q 0 0 0 rg BT 507.50 222.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 544.74 222.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.25 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 100.28 210.25 Td (document ) Tj ET Q q 0 0 0 rg BT 141.91 210.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 189.64 210.25 Td (service, ) Tj ET Q q 0 0 0 rg BT 222.65 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.28 210.25 Td (product ) Tj ET Q q 0 0 0 rg BT 272.02 210.25 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 313.11 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.74 210.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 360.26 210.25 Td (service ) Tj ET Q q 0 0 0 rg BT 390.77 210.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 430.73 210.25 Td (that ) Tj ET Q q 0 0 0 rg BT 447.92 210.25 Td (are ) Tj ET Q q 0 0 0 rg BT 462.32 210.25 Td (more ) Tj ET Q q 0 0 0 rg BT 485.07 210.25 Td (established ) Tj ET Q q 0 0 0 rg BT 531.69 210.25 Td (than ) Tj ET Q q 0 0 0 rg BT 551.11 210.25 Td (us. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.25 Td (There ) Tj ET Q q 0 0 0 rg BT 74.87 198.25 Td (is ) Tj ET Q q 0 0 0 rg BT 83.60 198.25 Td (vigorous ) Tj ET Q q 0 0 0 rg BT 120.66 198.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 170.48 198.25 Td (among ) Tj ET Q q 0 0 0 rg BT 199.76 198.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 239.58 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.97 198.25 Td (these ) Tj ET Q q 0 0 0 rg BT 272.57 198.25 Td (services ) Tj ET Q q 0 0 0 rg BT 306.84 198.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.33 198.25 Td (we ) Tj ET Q q 0 0 0 rg BT 337.05 198.25 Td (may ) Tj ET Q q 0 0 0 rg BT 356.32 198.25 Td (not ) Tj ET Q q 0 0 0 rg BT 371.16 198.25 Td (succeed ) Tj ET Q q 0 0 0 rg BT 404.86 198.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.70 198.25 Td (convincing ) Tj ET Q q 0 0 0 rg BT 461.19 198.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 498.24 198.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 540.84 198.25 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.78 186.25 Td (services ) Tj ET Q q 0 0 0 rg BT 107.73 186.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.24 186.25 Td (switch ) Tj ET Q q 0 0 0 rg BT 147.09 186.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.60 186.25 Td (ours. ) Tj ET Q q 0 0 0 rg BT 180.06 186.25 Td (In ) Tj ET Q q 0 0 0 rg BT 191.13 186.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 229.14 186.25 Td (some ) Tj ET Q q 0 0 0 rg BT 252.98 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.05 186.25 Td (our ) Tj ET Q q 0 0 0 rg BT 280.12 186.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 330.07 186.25 Td (are ) Tj ET Q q 0 0 0 rg BT 345.01 186.25 Td (consolidating ) Tj ET Q q 0 0 0 rg BT 401.63 186.25 Td (which ) Tj ET Q q 0 0 0 rg BT 428.80 186.25 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 470.41 186.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 500.90 186.25 Td (cross-selling ) Tj ET Q q 0 0 0 rg BT 554.18 186.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 86.89 174.25 Td (which ) Tj ET Q q 0 0 0 rg BT 114.01 174.25 Td (could ) Tj ET Q q 0 0 0 rg BT 138.90 174.25 Td (weaken ) Tj ET Q q 0 0 0 rg BT 172.12 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 188.13 174.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 216.37 174.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.82 174.25 Td (dif) Tj ET Q q 0 0 0 rg BT 237.75 174.25 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 278.18 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 294.19 174.25 Td (of) Tj ET Q q 0 0 0 rg BT 302.34 174.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 328.90 174.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.36 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.26 174.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 387.20 174.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 412.66 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.67 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 439.68 174.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 489.57 174.25 Td (also ) Tj ET Q q 0 0 0 rg BT 508.36 174.25 Td (of) Tj ET Q q 0 0 0 rg BT 516.51 174.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 530.29 174.25 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.29 162.25 Td (a ) Tj ET Q q 0 0 0 rg BT 69.52 162.25 Td (per ) Tj ET Q q 0 0 0 rg BT 85.09 162.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 113.43 162.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 133.44 162.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 158.73 162.25 Td (which ) Tj ET Q q 0 0 0 rg BT 185.96 162.25 Td (could ) Tj ET Q q 0 0 0 rg BT 210.97 162.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 252.08 162.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 282.08 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.09 162.25 Td (ef) Tj ET Q q 0 0 0 rg BT 304.68 162.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 351.90 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.02 162.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.14 162.25 Td (Success ) Tj ET Q q 0 0 0 rg BT 413.60 162.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 440.83 162.25 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.71 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 472.51 162.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 506.96 162.25 Td (for ) Tj ET Q q 0 0 0 rg BT 521.41 162.25 Td (increasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.18 150.25 Td (number ) Tj ET Q q 0 0 0 rg BT 95.19 150.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.99 150.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 152.00 150.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 196.51 150.25 Td (If ) Tj ET Q q 0 0 0 rg BT 204.64 150.25 Td (we ) Tj ET Q q 0 0 0 rg BT 217.76 150.25 Td (are ) Tj ET Q q 0 0 0 rg BT 231.43 150.25 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 284.00 150.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.24 150.25 Td (competing ) Tj ET Q q 0 0 0 rg BT 336.92 150.25 Td (ef) Tj ET Q q 0 0 0 rg BT 344.50 150.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 380.95 150.25 Td (by ) Tj ET Q q 0 0 0 rg BT 392.42 150.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 432.77 150.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 471.43 150.25 Td (functionality) Tj ET Q q 0 0 0 rg BT 521.88 150.25 Td (, ) Tj ET Q q 0 0 0 rg BT 525.84 150.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.25 Td (service ) Tj ET Q q 0 0 0 rg BT 80.07 138.25 Td (or ) Tj ET Q q 0 0 0 rg BT 90.66 138.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 117.07 138.25 Td (we ) Tj ET Q q 0 0 0 rg BT 130.98 138.25 Td (could ) Tj ET Q q 0 0 0 rg BT 155.45 138.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 173.82 138.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 207.74 138.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 255.54 138.25 Td (users ) Tj ET Q q 0 0 0 rg BT 278.34 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.38 138.25 Td (our ) Tj ET Q q 0 0 0 rg BT 303.96 138.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 353.43 138.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.12 138.25 Td (our ) Tj ET Q q 0 0 0 rg BT 385.71 138.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 413.51 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.55 138.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 450.78 138.25 Td (new ) Tj ET Q q 0 0 0 rg BT 469.70 138.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 517.50 138.25 Td (users ) Tj ET Q q 0 0 0 rg BT 540.31 138.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 126.25 Td (harmed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 109.25 Td (There ) Tj ET Q q 0 0 0 rg BT 99.32 109.25 Td (are ) Tj ET Q q 0 0 0 rg BT 114.04 109.25 Td (many ) Tj ET Q q 0 0 0 rg BT 138.77 109.25 Td (service ) Tj ET Q q 0 0 0 rg BT 169.59 109.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 209.87 109.25 Td (that ) Tj ET Q q 0 0 0 rg BT 227.37 109.25 Td (of) Tj ET Q q 0 0 0 rg BT 235.52 109.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 249.13 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 264.97 109.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 313.02 109.25 Td (users ) Tj ET Q q 0 0 0 rg BT 336.08 109.25 Td (competing ) Tj ET Q q 0 0 0 rg BT 380.80 109.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 418.02 109.25 Td (including ) Tj ET Q q 0 0 0 rg BT 458.30 109.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 494.75 109.25 Td (-facing ) Tj ET Q q 0 0 0 rg BT 525.58 109.25 Td (websites, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.39 97.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 137.83 97.25 Td (management ) Tj ET Q q 0 0 0 rg BT 191.15 97.25 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 232.00 97.25 Td (document ) Tj ET Q q 0 0 0 rg BT 273.66 97.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 321.42 97.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 358.36 97.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 406.68 97.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 443.62 97.25 Td (product ) Tj ET Q q 0 0 0 rg BT 476.39 97.25 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 517.51 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.18 97.25 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.05 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.34 85.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 146.60 85.25 Td (document ) Tj ET Q q 0 0 0 rg BT 188.88 85.25 Td (management ) Tj ET Q q 0 0 0 rg BT 242.82 85.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 280.17 85.25 Td (W) Tj ET Q q 0 0 0 rg BT 288.81 85.25 Td (e ) Tj ET Q q 0 0 0 rg BT 296.09 85.25 Td (may ) Tj ET Q q 0 0 0 rg BT 316.15 85.25 Td (be ) Tj ET Q q 0 0 0 rg BT 328.44 85.25 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 382.39 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 393.01 85.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 438.63 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 449.26 85.25 Td (dif) Tj ET Q q 0 0 0 rg BT 460.18 85.25 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 500.78 85.25 Td (our ) Tj ET Q q 0 0 0 rg BT 516.96 85.25 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.25 Td (service ) Tj ET Q q 0 0 0 rg BT 80.32 73.25 Td (of) Tj ET Q q 0 0 0 rg BT 88.46 73.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 118.73 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.01 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.73 73.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 170.66 73.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 212.03 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.31 73.25 Td (ef) Tj ET Q q 0 0 0 rg BT 229.90 73.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 267.38 73.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 303.75 73.25 Td (in ) Tj ET Q q 0 0 0 rg BT 314.03 73.25 Td (some ) Tj ET Q q 0 0 0 rg BT 337.63 73.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.46 73.25 Td (all ) Tj ET Q q 0 0 0 rg BT 360.96 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.79 73.25 Td (these ) Tj ET Q q 0 0 0 rg BT 394.84 73.25 Td (markets.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.71 740.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 113.26 740.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 133.69 740.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.68 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.34 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.68 740.10 Td (only ) Tj ET Q q 0 0 0 rg BT 201.12 740.10 Td (available ) Tj ET Q q 0 0 0 rg BT 239.87 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.31 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 290.74 740.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 336.73 740.10 Td (using ) Tj ET Q q 0 0 0 rg BT 361.06 740.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 411.58 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 429.79 740.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 468.00 740.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 512.86 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.30 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.18 740.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 728.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 87.17 728.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 108.23 728.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.22 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.50 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 159.79 728.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 208.62 728.10 Td (users ) Tj ET Q q 0 0 0 rg BT 232.46 728.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 267.40 728.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 311.79 728.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 348.96 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.57 728.10 Td (exchanging ) Tj ET Q q 0 0 0 rg BT 409.95 728.10 Td (data ) Tj ET Q q 0 0 0 rg BT 429.90 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.62 728.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 494.23 728.10 Td (among ) Tj ET Q q 0 0 0 rg BT 524.73 728.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 85.59 716.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 135.55 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 148.86 716.10 Td (email, ) Tj ET Q q 0 0 0 rg BT 176.89 716.10 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 219.35 716.10 Td (phone, ) Tj ET Q q 0 0 0 rg BT 249.60 716.10 Td (courier) Tj ET Q q 0 0 0 rg BT 277.52 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.33 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 716.10 Td (mail. ) Tj ET Q q 0 0 0 rg BT 324.66 716.10 Td (In ) Tj ET Q q 0 0 0 rg BT 336.31 716.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 374.89 716.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 415.97 716.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 462.60 716.10 Td (may ) Tj ET Q q 0 0 0 rg BT 483.13 716.10 Td (use ) Tj ET Q q 0 0 0 rg BT 499.78 716.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 545.85 716.10 Td (web ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (browsers ) Tj ET Q q 0 0 0 rg BT 88.58 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.33 704.10 Td (go ) Tj ET Q q 0 0 0 rg BT 112.31 704.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 163.61 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.37 704.10 Td (each ) Tj ET Q q 0 0 0 rg BT 195.66 704.10 Td (investor) Tj ET Q q 0 0 0 rg BT 227.47 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.95 704.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 260.91 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.21 704.10 Td (service ) Tj ET Q q 0 0 0 rg BT 303.50 704.10 Td (provider) Tj ET Q q 0 0 0 rg BT 337.75 704.10 Td () Tj ET Q q 0 0 0 rg BT 340.53 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 347.40 704.10 Td (website, ) Tj ET Q q 0 0 0 rg BT 383.42 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.83 704.10 Td (then ) Tj ET Q q 0 0 0 rg BT 421.02 704.10 Td (manually ) Tj ET Q q 0 0 0 rg BT 461.21 704.10 Td (upload ) Tj ET Q q 0 0 0 rg BT 491.40 704.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 511.60 704.10 Td (data ) Tj ET Q q 0 0 0 rg BT 531.23 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.53 704.10 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (information ) Tj ET Q q 0 0 0 rg BT 98.59 692.10 Td (into ) Tj ET Q q 0 0 0 rg BT 116.03 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.13 692.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 165.06 692.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 205.82 692.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 251.03 692.10 Td (may ) Tj ET Q q 0 0 0 rg BT 270.13 692.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 306.44 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.10 692.10 Td (use ) Tj ET Q q 0 0 0 rg BT 331.32 692.10 Td (these ) Tj ET Q q 0 0 0 rg BT 353.75 692.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 389.51 692.10 Td (due ) Tj ET Q q 0 0 0 rg BT 405.84 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.50 692.10 Td (habit, ) Tj ET Q q 0 0 0 rg BT 439.87 692.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 475.63 692.10 Td (business ) Tj ET Q q 0 0 0 rg BT 511.41 692.10 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.12 680.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 103.62 680.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.46 680.10 Td (success ) Tj ET Q q 0 0 0 rg BT 153.74 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.37 680.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.87 680.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 200.05 680.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 220.11 680.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.10 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.39 680.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 292.45 680.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.74 680.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.36 680.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 348.21 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.28 680.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 391.10 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.83 680.10 Td (of) Tj ET Q q 0 0 0 rg BT 415.98 680.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 429.37 680.10 Td (access ) Tj ET Q q 0 0 0 rg BT 457.20 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.27 680.10 Td (both ) Tj ET Q q 0 0 0 rg BT 487.34 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.85 680.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 531.90 680.10 Td (mass ) Tj ET Q q 0 0 0 rg BT 554.19 680.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 90.84 668.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 124.96 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.13 668.10 Td (service ) Tj ET Q q 0 0 0 rg BT 173.18 668.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 213.69 668.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 255.29 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.80 668.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 293.52 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.69 668.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 336.19 668.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 376.69 668.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 422.75 668.10 Td (using ) Tj ET Q q 0 0 0 rg BT 447.16 668.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 495.44 668.10 Td (on ) Tj ET Q q 0 0 0 rg BT 508.18 668.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.13 668.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.75 668.10 Td (Mae ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.49 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.21 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.37 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.31 656.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 145.79 656.10 Td (mass ) Tj ET Q q 0 0 0 rg BT 167.51 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.56 656.10 Td (active ) Tj ET Q q 0 0 0 rg BT 203.15 656.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 242.64 656.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 287.69 656.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 328.27 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.77 656.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 364.48 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.64 656.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 405.12 656.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 445.45 656.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 478.55 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.71 656.10 Td (service ) Tj ET Q q 0 0 0 rg BT 524.74 656.10 Td (providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 644.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 644.10 Td (network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 627.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 98.93 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.91 627.10 Td (our ) Tj ET Q q 0 0 0 rg BT 125.89 627.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 152.41 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.49 627.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 207.13 627.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 256.99 627.10 Td (have ) Tj ET Q q 0 0 0 rg BT 278.52 627.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 306.72 627.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 347.13 627.10 Td (histories ) Tj ET Q q 0 0 0 rg BT 383.66 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.75 627.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 453.39 627.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 483.79 627.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 523.92 627.10 Td (technical, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 95.25 615.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.40 615.10 Td (other ) Tj ET Q q 0 0 0 rg BT 135.65 615.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 176.12 615.10 Td (than ) Tj ET Q q 0 0 0 rg BT 196.04 615.10 Td (we ) Tj ET Q q 0 0 0 rg BT 210.41 615.10 Td (do ) Tj ET Q q 0 0 0 rg BT 223.12 615.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 242.76 615.10 Td (as ) Tj ET Q q 0 0 0 rg BT 253.80 615.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.95 615.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 288.37 615.10 Td (these ) Tj ET Q q 0 0 0 rg BT 311.62 615.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 357.10 615.10 Td (may ) Tj ET Q q 0 0 0 rg BT 377.02 615.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.17 615.10 Td (able ) Tj ET Q q 0 0 0 rg BT 408.53 615.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.01 615.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 453.38 615.10 Td (more ) Tj ET Q q 0 0 0 rg BT 476.64 615.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 509.34 615.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.82 615.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.74 615.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 98.81 603.10 Td (new ) Tj ET Q q 0 0 0 rg BT 117.84 603.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 170.76 603.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.47 603.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 220.50 603.10 Td (demands, ) Tj ET Q q 0 0 0 rg BT 260.92 603.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.63 603.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 300.66 603.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 330.79 603.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 370.92 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.07 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.67 603.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 452.19 603.10 Td (promotion, ) Tj ET Q q 0 0 0 rg BT 498.73 603.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.55 603.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 533.47 603.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.18 603.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 591.10 Td (software ) Tj ET Q q 0 0 0 rg BT 85.86 591.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.24 591.10 Td (services ) Tj ET Q q 0 0 0 rg BT 136.38 591.10 Td (than ) Tj ET Q q 0 0 0 rg BT 155.54 591.10 Td (we ) Tj ET Q q 0 0 0 rg BT 169.13 591.10 Td (can. ) Tj ET Q q 0 0 0 rg BT 187.44 591.10 Td (In ) Tj ET Q q 0 0 0 rg BT 197.71 591.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 234.92 591.10 Td (we ) Tj ET Q q 0 0 0 rg BT 248.52 591.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.67 591.10 Td (face ) Tj ET Q q 0 0 0 rg BT 286.25 591.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 325.94 591.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 375.65 591.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.91 591.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.29 591.10 Td (result ) Tj ET Q q 0 0 0 rg BT 416.44 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 591.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 471.41 591.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 506.13 591.10 Td (consolidation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 579.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.20 579.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 93.92 579.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.76 579.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 149.15 579.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 195.65 579.10 Td (market ) Tj ET Q q 0 0 0 rg BT 226.04 579.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.45 579.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 273.50 579.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.91 579.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 311.51 579.10 Td (new ) Tj ET Q q 0 0 0 rg BT 330.80 579.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 380.63 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.70 579.10 Td (there ) Tj ET Q q 0 0 0 rg BT 420.31 579.10 Td (can ) Tj ET Q q 0 0 0 rg BT 436.81 579.10 Td (be ) Tj ET Q q 0 0 0 rg BT 448.87 579.10 Td (no ) Tj ET Q q 0 0 0 rg BT 461.49 579.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 502.99 579.10 Td (that ) Tj ET Q q 0 0 0 rg BT 520.61 579.10 Td (we ) Tj ET Q q 0 0 0 rg BT 534.89 579.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 579.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.10 Td (able ) Tj ET Q q 0 0 0 rg BT 67.63 567.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.88 567.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 112.23 567.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 162.58 567.10 Td (against ) Tj ET Q q 0 0 0 rg BT 192.38 567.10 Td (current ) Tj ET Q q 0 0 0 rg BT 222.17 567.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.97 567.10 Td (future ) Tj ET Q q 0 0 0 rg BT 257.32 567.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 306.00 567.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.81 567.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.28 567.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 380.96 567.10 Td (pressures ) Tj ET Q q 0 0 0 rg BT 419.64 567.10 Td (we ) Tj ET Q q 0 0 0 rg BT 432.78 567.10 Td (face ) Tj ET Q q 0 0 0 rg BT 450.90 567.10 Td (will ) Tj ET Q q 0 0 0 rg BT 467.93 567.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.18 567.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 524.19 567.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 555.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 555.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.40 555.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 83.18 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.52 534.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 118.86 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.20 534.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 187.32 534.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 223.77 534.10 Td (may ) Tj ET Q q 0 0 0 rg BT 243.55 534.10 Td (render ) Tj ET Q q 0 0 0 rg BT 273.33 534.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.35 534.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 337.91 534.10 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 373.80 534.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.25 534.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 423.35 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.69 534.10 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 497.36 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.25 534.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.26 534.10 Td (solutions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 522.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.73 522.10 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 505.10 Td (If ) Tj ET Q q 0 0 0 rg BT 82.44 505.10 Td (new ) Tj ET Q q 0 0 0 rg BT 102.89 505.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 139.45 505.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 181.00 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.22 505.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 238.54 505.10 Td (emer) Tj ET Q q 0 0 0 rg BT 258.34 505.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 274.06 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 286.18 505.10 Td (if ) Tj ET Q q 0 0 0 rg BT 296.07 505.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 347.06 505.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 388.61 505.10 Td (new ) Tj ET Q q 0 0 0 rg BT 409.05 505.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 448.96 505.10 Td (embodying ) Tj ET Q q 0 0 0 rg BT 497.73 505.10 Td (new ) Tj ET Q q 0 0 0 rg BT 518.18 505.10 Td (services ) Tj ET Q q 0 0 0 rg BT 554.17 505.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 105.50 493.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 154.01 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.42 493.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.60 493.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 208.44 493.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 229.17 493.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.16 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.13 493.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 314.52 493.10 Td (may ) Tj ET Q q 0 0 0 rg BT 334.70 493.10 Td (become ) Tj ET Q q 0 0 0 rg BT 368.76 493.10 Td (obsolete. ) Tj ET Q q 0 0 0 rg BT 407.55 493.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 426.06 493.10 Td (future ) Tj ET Q q 0 0 0 rg BT 452.90 493.10 Td (success ) Tj ET Q q 0 0 0 rg BT 485.85 493.10 Td (will ) Tj ET Q q 0 0 0 rg BT 504.37 493.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 536.21 493.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 493.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.55 481.10 Td (to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 464.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 464.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 138.75 464.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.58 464.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 188.75 464.10 Td (solutions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 447.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 447.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 137.39 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.07 447.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 199.08 447.10 Td (license ) Tj ET Q q 0 0 0 rg BT 229.08 447.10 Td (new ) Tj ET Q q 0 0 0 rg BT 247.98 447.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 286.33 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.01 447.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 355.79 447.10 Td (that ) Tj ET Q q 0 0 0 rg BT 373.02 447.10 Td (address ) Tj ET Q q 0 0 0 rg BT 405.25 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.70 447.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 444.71 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.28 447.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.84 447.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 519.18 447.10 Td (customers; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 435.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 418.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 137.66 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.94 418.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 182.65 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.92 418.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 228.20 418.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 268.47 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.41 418.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 323.44 418.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.94 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.88 418.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 369.91 418.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 399.61 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.55 418.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 444.60 418.10 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 401.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 401.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.15 401.10 Td (must ) Tj ET Q q 0 0 0 rg BT 111.18 401.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 148.19 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.54 401.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 193.87 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.66 401.10 Td (features ) Tj ET Q q 0 0 0 rg BT 242.88 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.90 401.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 313.57 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.48 401.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 375.10 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.00 401.10 Td (other ) Tj ET Q q 0 0 0 rg BT 414.13 401.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 451.41 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.42 401.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.22 401.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 504.67 401.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 525.02 401.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 401.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.07 389.10 Td (ef) Tj ET Q q 0 0 0 rg BT 74.66 389.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 103.88 389.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 158.93 389.10 Td (reliability) Tj ET Q q 0 0 0 rg BT 197.16 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.68 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.15 389.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 265.15 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.51 389.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 325.58 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.93 389.10 Td (other ) Tj ET Q q 0 0 0 rg BT 363.50 389.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 400.23 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.70 389.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.94 389.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 451.84 389.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 471.64 389.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.63 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.65 389.10 Td (infrastructure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.46 377.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 92.96 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.49 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.57 377.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 159.86 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.04 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.12 377.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 218.42 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.95 377.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 254.68 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.86 377.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 295.37 377.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 342.67 377.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 367.47 377.10 Td (users ) Tj ET Q q 0 0 0 rg BT 389.77 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.85 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.92 377.10 Td (other ) Tj ET Q q 0 0 0 rg BT 437.22 377.10 Td (services ) Tj ET Q q 0 0 0 rg BT 471.17 377.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.36 377.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 507.99 377.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.51 377.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 377.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (participants. ) Tj ET Q q 0 0 0 rg BT 101.47 365.10 Td (If ) Tj ET Q q 0 0 0 rg BT 110.95 365.10 Td (we ) Tj ET Q q 0 0 0 rg BT 125.43 365.10 Td (do ) Tj ET Q q 0 0 0 rg BT 138.25 365.10 Td (not ) Tj ET Q q 0 0 0 rg BT 153.85 365.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 191.10 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.70 365.10 Td (make ) Tj ET Q q 0 0 0 rg BT 226.17 365.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 276.77 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.37 365.10 Td (product ) Tj ET Q q 0 0 0 rg BT 320.73 365.10 Td (development ) Tj ET Q q 0 0 0 rg BT 375.20 365.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 394.96 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 406.11 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.37 365.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 440.91 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.06 365.10 Td (due ) Tj ET Q q 0 0 0 rg BT 469.31 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.91 365.10 Td (other ) Tj ET Q q 0 0 0 rg BT 503.28 365.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 538.59 365.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 554.73 365.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 77.58 353.10 Td (new ) Tj ET Q q 0 0 0 rg BT 97.33 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.86 353.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 140.72 353.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 175.48 353.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 216.34 353.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 265.26 353.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 299.73 353.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 341.43 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.97 353.10 Td (service ) Tj ET Q q 0 0 0 rg BT 390.38 353.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 433.74 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 448.50 353.10 Td (may ) Tj ET Q q 0 0 0 rg BT 468.81 353.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 488.01 353.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.77 353.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.75 353.10 Td (Mae ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.49 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.57 341.10 Td (participants, ) Tj ET Q q 0 0 0 rg BT 139.80 341.10 Td (which ) Tj ET Q q 0 0 0 rg BT 167.31 341.10 Td (could ) Tj ET Q q 0 0 0 rg BT 192.61 341.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 245.68 341.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 283.17 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.47 341.10 Td (value ) Tj ET Q q 0 0 0 rg BT 323.20 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.61 341.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.91 341.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 371.87 341.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 392.71 341.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.70 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.78 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.64 341.10 Td (all ) Tj ET Q q 0 0 0 rg BT 454.71 341.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 504.44 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.96 341.10 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.32 329.10 Td (af) Tj ET Q q 0 0 0 rg BT 97.90 329.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.39 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.22 329.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 308.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.15 308.10 Td (are ) Tj ET Q q 0 0 0 rg BT 79.55 308.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 110.50 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.34 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.19 308.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 156.71 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.10 308.10 Td (current ) Tj ET Q q 0 0 0 rg BT 199.73 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.36 308.10 Td (future ) Tj ET Q q 0 0 0 rg BT 244.98 308.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 267.04 308.10 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 321.05 308.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.12 308.10 Td (could ) Tj ET Q q 0 0 0 rg BT 372.97 308.10 Td (have ) Tj ET Q q 0 0 0 rg BT 394.47 308.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.54 308.10 Td (material ) Tj ET Q q 0 0 0 rg BT 438.04 308.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 471.21 308.10 Td (ef) Tj ET Q q 0 0 0 rg BT 478.80 308.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 495.85 308.10 Td (on ) Tj ET Q q 0 0 0 rg BT 508.47 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.99 308.10 Td (business, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 89.23 296.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 133.12 296.10 Td (results ) Tj ET Q q 0 0 0 rg BT 162.85 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.68 296.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 222.02 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.09 296.10 Td (future ) Tj ET Q q 0 0 0 rg BT 268.15 296.10 Td (prospects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 279.10 Td (At ) Tj ET Q q 0 0 0 rg BT 86.19 279.10 Td (any ) Tj ET Q q 0 0 0 rg BT 103.33 279.10 Td (given ) Tj ET Q q 0 0 0 rg BT 128.24 279.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 151.21 279.10 Td (we ) Tj ET Q q 0 0 0 rg BT 165.56 279.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.46 279.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.59 279.10 Td (defendant ) Tj ET Q q 0 0 0 rg BT 229.71 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.19 279.10 Td (various ) Tj ET Q q 0 0 0 rg BT 272.32 279.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 294.45 279.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 345.46 279.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.59 279.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 401.39 279.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 433.52 279.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 463.43 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.90 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.81 279.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 525.39 279.10 Td (course ) Tj ET Q q 0 0 0 rg BT 554.18 279.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (business ) Tj ET Q q 0 0 0 rg BT 86.07 267.10 Td (including ) Tj ET Q q 0 0 0 rg BT 126.53 267.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 176.41 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.53 267.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 246.21 267.10 Td (disputes. ) Tj ET Q q 0 0 0 rg BT 283.97 267.10 Td (W) Tj ET Q q 0 0 0 rg BT 292.61 267.10 Td (e ) Tj ET Q q 0 0 0 rg BT 299.73 267.10 Td (can ) Tj ET Q q 0 0 0 rg BT 316.29 267.10 Td (give ) Tj ET Q q 0 0 0 rg BT 336.19 267.10 Td (no ) Tj ET Q q 0 0 0 rg BT 348.88 267.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 390.43 267.10 Td (that ) Tj ET Q q 0 0 0 rg BT 408.10 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.00 267.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 460.12 267.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.13 267.10 Td (any ) Tj ET Q q 0 0 0 rg BT 488.26 267.10 Td (such ) Tj ET Q q 0 0 0 rg BT 509.27 267.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 537.49 267.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.05 255.10 Td (have ) Tj ET Q q 0 0 0 rg BT 86.71 255.10 Td (a ) Tj ET Q q 0 0 0 rg BT 93.92 255.10 Td (material ) Tj ET Q q 0 0 0 rg BT 129.45 255.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 162.76 255.10 Td (ef) Tj ET Q q 0 0 0 rg BT 170.35 255.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 188.11 255.10 Td (on ) Tj ET Q q 0 0 0 rg BT 200.89 255.10 Td (our ) Tj ET Q q 0 0 0 rg BT 216.99 255.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 270.31 255.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 308.06 255.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 351.11 255.10 Td (results ) Tj ET Q q 0 0 0 rg BT 380.00 255.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.10 255.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 435.53 255.10 Td (or ) Tj ET Q q 0 0 0 rg BT 446.64 255.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 467.18 255.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 494.48 255.10 Td (W) Tj ET Q q 0 0 0 rg BT 503.11 255.10 Td (e ) Tj ET Q q 0 0 0 rg BT 510.33 255.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.31 255.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 554.74 255.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 243.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 79.49 243.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.93 243.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 128.93 243.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 165.59 243.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.15 243.10 Td (these ) Tj ET Q q 0 0 0 rg BT 198.92 243.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 233.92 243.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.48 243.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.92 243.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 285.02 243.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 314.46 243.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.02 243.10 Td (these ) Tj ET Q q 0 0 0 rg BT 347.79 243.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 379.45 243.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.68 243.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.23 243.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 457.23 243.10 Td (at ) Tj ET Q q 0 0 0 rg BT 466.67 243.10 Td (this ) Tj ET Q q 0 0 0 rg BT 483.35 243.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 505.85 243.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.51 243.10 Td (any ) Tj ET Q q 0 0 0 rg BT 539.18 243.10 Td (views ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 231.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.48 231.10 Td (form ) Tj ET Q q 0 0 0 rg BT 85.24 231.10 Td (as ) Tj ET Q q 0 0 0 rg BT 95.89 231.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.98 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.52 231.10 Td (viability ) Tj ET Q q 0 0 0 rg BT 156.17 231.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.82 231.10 Td (these ) Tj ET Q q 0 0 0 rg BT 189.69 231.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 218.11 231.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.76 231.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.29 231.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.59 231.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 319.01 231.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.11 231.10 Td (which ) Tj ET Q q 0 0 0 rg BT 355.87 231.10 Td (they ) Tj ET Q q 0 0 0 rg BT 375.40 231.10 Td (could ) Tj ET Q q 0 0 0 rg BT 399.94 231.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 426.98 231.10 Td (could ) Tj ET Q q 0 0 0 rg BT 451.51 231.10 Td (change ) Tj ET Q q 0 0 0 rg BT 482.15 231.10 Td (from ) Tj ET Q q 0 0 0 rg BT 503.90 231.10 Td (time ) Tj ET Q q 0 0 0 rg BT 524.00 231.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.09 231.10 Td (time ) Tj ET Q q 0 0 0 rg BT 554.19 231.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 219.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 96.15 219.10 Td (proceed ) Tj ET Q q 0 0 0 rg BT 130.30 219.10 Td (through ) Tj ET Q q 0 0 0 rg BT 163.90 219.10 Td (their ) Tj ET Q q 0 0 0 rg BT 184.73 219.10 Td (course, ) Tj ET Q q 0 0 0 rg BT 215.83 219.10 Td (as ) Tj ET Q q 0 0 0 rg BT 226.66 219.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 248.04 219.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.74 219.10 Td (established, ) Tj ET Q q 0 0 0 rg BT 312.18 219.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.11 219.10 Td (various ) Tj ET Q q 0 0 0 rg BT 361.05 219.10 Td (judicial ) Tj ET Q q 0 0 0 rg BT 393.54 219.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 455.47 219.10 Td (are ) Tj ET Q q 0 0 0 rg BT 470.18 219.10 Td (made.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 202.10 Td (If ) Tj ET Q q 0 0 0 rg BT 83.03 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 97.56 202.10 Td (agree ) Tj ET Q q 0 0 0 rg BT 122.07 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.71 202.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 156.69 202.10 Td (these ) Tj ET Q q 0 0 0 rg BT 180.10 202.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 212.40 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.60 202.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 268.13 202.10 Td (are ) Tj ET Q q 0 0 0 rg BT 283.21 202.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 316.61 202.10 Td (against ) Tj ET Q q 0 0 0 rg BT 347.80 202.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 362.06 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 376.59 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 396.68 202.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 420.09 202.10 Td (char) Tj ET Q q 0 0 0 rg BT 437.12 202.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 453.31 202.10 Td (which ) Tj ET Q q 0 0 0 rg BT 480.62 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 500.71 202.10 Td (have ) Tj ET Q q 0 0 0 rg BT 522.45 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.76 202.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 190.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 99.48 190.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 129.19 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 141.69 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.52 190.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 196.41 190.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.89 190.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 280.55 190.10 Td (results ) Tj ET Q q 0 0 0 rg BT 309.16 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.99 190.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 366.65 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.59 190.10 Td (future ) Tj ET Q q 0 0 0 rg BT 409.96 190.10 Td (prospects.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 83.12 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.40 169.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 140.33 169.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 171.16 169.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.11 169.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 236.72 169.10 Td (property ) Tj ET Q q 0 0 0 rg BT 273.66 169.10 Td (could ) Tj ET Q q 0 0 0 rg BT 298.93 169.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 323.67 169.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.62 169.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 152.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.12 152.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 135.73 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.14 152.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.54 152.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 211.04 152.10 Td (property ) Tj ET Q q 0 0 0 rg BT 247.99 152.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 276.34 152.10 Td (including ) Tj ET Q q 0 0 0 rg BT 317.18 152.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.59 152.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 381.08 152.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 429.70 152.10 Td (software ) Tj ET Q q 0 0 0 rg BT 467.20 152.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.72 152.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 506.67 152.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.51 152.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.28 140.10 Td (, ) Tj ET Q q 0 0 0 rg BT 98.67 140.10 Td (is ) Tj ET Q q 0 0 0 rg BT 108.22 140.10 Td (crucial ) Tj ET Q q 0 0 0 rg BT 138.30 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.96 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.06 140.10 Td (success ) Tj ET Q q 0 0 0 rg BT 196.93 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.14 140.10 Td (our ) Tj ET Q q 0 0 0 rg BT 224.35 140.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 263.41 140.10 Td (W) Tj ET Q q 0 0 0 rg BT 272.05 140.10 Td (e ) Tj ET Q q 0 0 0 rg BT 279.37 140.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 297.80 140.10 Td (on ) Tj ET Q q 0 0 0 rg BT 310.68 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.00 140.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 370.87 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.08 140.10 Td (patent, ) Tj ET Q q 0 0 0 rg BT 411.89 140.10 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 455.60 140.10 Td (trademark ) Tj ET Q q 0 0 0 rg BT 499.01 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.33 140.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 539.20 140.10 Td (secret ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (law) Tj ET Q q 0 0 0 rg BT 63.29 128.10 Td (, ) Tj ET Q q 0 0 0 rg BT 69.29 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.22 128.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 135.14 128.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 183.07 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.35 128.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 225.61 128.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.44 128.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 290.36 128.10 Td (property) Tj ET Q q 0 0 0 rg BT 323.58 128.10 Td (. ) Tj ET Q q 0 0 0 rg BT 329.58 128.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 348.63 128.10 Td (present ) Tj ET Q q 0 0 0 rg BT 381.01 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.94 128.10 Td (future ) Tj ET Q q 0 0 0 rg BT 426.32 128.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 458.14 128.10 Td (may ) Tj ET Q q 0 0 0 rg BT 478.85 128.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 512.90 128.10 Td (only ) Tj ET Q q 0 0 0 rg BT 534.17 128.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 92.08 116.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.78 116.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.15 116.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 167.62 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.10 116.10 Td (may ) Tj ET Q q 0 0 0 rg BT 203.35 116.10 Td (not ) Tj ET Q q 0 0 0 rg BT 218.17 116.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.65 116.10 Td (suf) Tj ET Q q 0 0 0 rg BT 241.69 116.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 269.27 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.08 116.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 311.67 116.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 360.92 116.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 403.49 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.30 116.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 426.73 116.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 481.26 116.10 Td (we ) Tj ET Q q 0 0 0 rg BT 494.96 116.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 523.65 116.10 Td (guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (any ) Tj ET Q q 0 0 0 rg BT 65.60 104.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 95.59 104.10 Td (will ) Tj ET Q q 0 0 0 rg BT 112.81 104.10 Td (be ) Tj ET Q q 0 0 0 rg BT 123.91 104.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 150.57 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.01 104.10 Td (us ) Tj ET Q q 0 0 0 rg BT 170.56 104.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.55 104.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.65 104.10 Td (result ) Tj ET Q q 0 0 0 rg BT 210.53 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.52 104.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.51 104.10 Td (patent ) Tj ET Q q 0 0 0 rg BT 261.61 104.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 313.97 104.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.61 104.10 Td (e ) Tj ET Q q 0 0 0 rg BT 328.71 104.10 Td (also ) Tj ET Q q 0 0 0 rg BT 346.48 104.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 363.69 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.13 104.10 Td (part ) Tj ET Q q 0 0 0 rg BT 390.34 104.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.00 104.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 461.97 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.07 104.10 Td (invention ) Tj ET Q q 0 0 0 rg BT 517.51 104.10 Td (assignment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 98.03 92.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.81 92.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.14 92.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 183.41 92.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 235.28 92.10 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 285.20 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.64 92.10 Td (consultants. ) Tj ET Q q 0 0 0 rg BT 353.14 92.10 Td (Despite ) Tj ET Q q 0 0 0 rg BT 386.69 92.10 Td (our ) Tj ET Q q 0 0 0 rg BT 403.02 92.10 Td (ef) Tj ET Q q 0 0 0 rg BT 410.60 92.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 431.93 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.71 92.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 473.48 92.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.81 92.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 537.23 92.10 Td (rights, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 104.32 80.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 133.58 80.10 Td (may ) Tj ET Q q 0 0 0 rg BT 153.42 80.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 186.02 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.41 80.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 218.46 80.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 249.95 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.90 80.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.84 80.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 298.34 80.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 318.72 80.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.71 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.32 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.38 80.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 421.54 80.10 Td (features ) Tj ET Q q 0 0 0 rg BT 455.80 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.85 80.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 526.56 80.10 Td (or ) Tj ET Q q 0 0 0 rg BT 537.50 80.10 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 68.10 Td (use ) Tj ET Q q 0 0 0 rg BT 82.27 68.10 Td (information ) Tj ET Q q 0 0 0 rg BT 131.98 68.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.48 68.10 Td (we ) Tj ET Q q 0 0 0 rg BT 163.64 68.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 200.01 68.10 Td (proprietary) Tj ET Q q 0 0 0 rg BT 243.79 68.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.79 68.10 Td (Enforcing ) Tj ET Q q 0 0 0 rg BT 291.27 68.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.10 68.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 354.03 68.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 379.30 68.10 Td (is ) Tj ET Q q 0 0 0 rg BT 388.47 68.10 Td (dif) Tj ET Q q 0 0 0 rg BT 399.40 68.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 423.01 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.94 68.10 Td (may ) Tj ET Q q 0 0 0 rg BT 459.66 68.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.94 68.10 Td (always ) Tj ET Q q 0 0 0 rg BT 505.21 68.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.15 68.10 Td (ef) Tj ET Q q 0 0 0 rg BT 524.73 68.10 Td (fective.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.84 740.10 Td (have ) Tj ET Q q 0 0 0 rg BT 111.99 740.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 154.68 740.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 181.27 740.10 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 209.24 740.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 269.44 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.14 740.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 332.07 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.77 740.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 380.24 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.84 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 408.44 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 432.25 740.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 479.95 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 491.54 740.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 539.24 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (United ) Tj ET Q q 0 0 0 rg BT 79.98 728.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 109.62 728.10 Td (Competitors ) Tj ET Q q 0 0 0 rg BT 162.32 728.10 Td (may ) Tj ET Q q 0 0 0 rg BT 182.80 728.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 208.27 728.10 Td (service ) Tj ET Q q 0 0 0 rg BT 239.85 728.10 Td (names ) Tj ET Q q 0 0 0 rg BT 268.65 728.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 299.68 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.72 728.10 Td (ours, ) Tj ET Q q 0 0 0 rg BT 333.70 728.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 366.94 728.10 Td (impeding ) Tj ET Q q 0 0 0 rg BT 407.97 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 424.56 728.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 453.37 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.41 728.10 Td (build ) Tj ET Q q 0 0 0 rg BT 488.22 728.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 514.25 728.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 548.06 728.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 84.86 716.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 116.30 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.10 716.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 164.77 716.10 Td (confusion. ) Tj ET Q q 0 0 0 rg BT 208.72 716.10 Td (In ) Tj ET Q q 0 0 0 rg BT 219.07 716.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 256.36 716.10 Td (there ) Tj ET Q q 0 0 0 rg BT 278.36 716.10 Td (could ) Tj ET Q q 0 0 0 rg BT 302.59 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 314.05 716.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 351.05 716.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 373.05 716.10 Td (name ) Tj ET Q q 0 0 0 rg BT 396.72 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.07 716.10 Td (trademark ) Tj ET Q q 0 0 0 rg BT 449.62 716.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 503.28 716.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 531.40 716.10 Td (brought ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.55 704.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 92.49 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.87 704.10 Td (other ) Tj ET Q q 0 0 0 rg BT 125.47 704.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 166.95 704.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 213.43 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.81 704.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 270.29 704.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.33 704.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 334.92 704.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 376.41 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.79 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.06 704.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 425.33 704.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 446.27 704.10 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 468.59 704.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 516.19 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 526.57 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 541.95 704.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (trademarks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 675.10 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 115.04 675.10 Td (or ) Tj ET Q q 0 0 0 rg BT 125.47 675.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 175.89 675.10 Td (before ) Tj ET Q q 0 0 0 rg BT 203.53 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.84 675.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 237.73 675.10 Td (Patent ) Tj ET Q q 0 0 0 rg BT 264.82 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.21 675.10 Td (T) Tj ET Q q 0 0 0 rg BT 286.97 675.10 Td (rademark ) Tj ET Q q 0 0 0 rg BT 326.82 675.10 Td (Of) Tj ET Q q 0 0 0 rg BT 337.19 675.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 354.28 675.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.71 675.10 Td (other ) Tj ET Q q 0 0 0 rg BT 387.36 675.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 444.44 675.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 488.75 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.29 675.10 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (bodies ) Tj ET Q q 0 0 0 rg BT 77.73 663.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.63 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.97 663.10 Td (United ) Tj ET Q q 0 0 0 rg BT 131.31 663.10 Td (States ) Tj ET Q q 0 0 0 rg BT 157.32 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.88 663.10 Td (abroad ) Tj ET Q q 0 0 0 rg BT 203.21 663.10 Td (may ) Tj ET Q q 0 0 0 rg BT 222.55 663.10 Td (be ) Tj ET Q q 0 0 0 rg BT 234.12 663.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 275.11 663.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.01 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.35 663.10 Td (future ) Tj ET Q q 0 0 0 rg BT 325.35 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.25 663.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 367.35 663.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.80 663.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 429.35 663.10 Td (property ) Tj ET Q q 0 0 0 rg BT 465.35 663.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 492.75 663.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 522.63 663.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.09 663.10 Td (patent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.06 651.10 Td (copyright ) Tj ET Q q 0 0 0 rg BT 106.50 651.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 133.89 651.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 155.99 651.10 Td (secrets ) Tj ET Q q 0 0 0 rg BT 185.32 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.87 651.10 Td (domain ) Tj ET Q q 0 0 0 rg BT 233.98 651.10 Td (names, ) Tj ET Q q 0 0 0 rg BT 264.15 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.70 651.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 322.80 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.13 651.10 Td (validity ) Tj ET Q q 0 0 0 rg BT 369.80 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.36 651.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 411.24 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.69 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.02 651.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 482.56 651.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 507.46 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.91 651.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 546.96 651.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 639.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 77.23 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.83 639.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 118.62 639.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.77 639.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 158.35 639.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.49 639.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 219.73 639.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 244.33 639.10 Td (may ) Tj ET Q q 0 0 0 rg BT 263.36 639.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.62 639.10 Td (inef) Tj ET Q q 0 0 0 rg BT 289.98 639.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 319.00 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.26 639.10 Td (could ) Tj ET Q q 0 0 0 rg BT 359.29 639.10 Td (result ) Tj ET Q q 0 0 0 rg BT 383.32 639.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.92 639.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 437.51 639.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 459.32 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.58 639.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 514.61 639.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.76 639.10 Td (resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 627.10 Td (could ) Tj ET Q q 0 0 0 rg BT 91.16 627.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 114.20 627.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.03 627.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 606.10 Td (Assertions ) Tj ET Q q 0 0 0 rg BT 94.66 606.10 Td (that ) Tj ET Q q 0 0 0 rg BT 113.15 606.10 Td (we ) Tj ET Q q 0 0 0 rg BT 126.63 606.10 Td (infringe ) Tj ET Q q 0 0 0 rg BT 162.34 606.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 209.16 606.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 257.63 606.10 Td (property ) Tj ET Q q 0 0 0 rg BT 294.44 606.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 320.71 606.10 Td (could ) Tj ET Q q 0 0 0 rg BT 345.86 606.10 Td (result ) Tj ET Q q 0 0 0 rg BT 371.57 606.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.28 606.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 428.55 606.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 450.92 606.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.85 606.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 523.45 606.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 548.05 606.10 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 594.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 577.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 98.24 577.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 126.87 577.10 Td (have ) Tj ET Q q 0 0 0 rg BT 147.72 577.10 Td (asserted, ) Tj ET Q q 0 0 0 rg BT 184.40 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.82 577.10 Td (may ) Tj ET Q q 0 0 0 rg BT 220.01 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.76 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.95 577.10 Td (future ) Tj ET Q q 0 0 0 rg BT 269.80 577.10 Td (assert, ) Tj ET Q q 0 0 0 rg BT 297.04 577.10 Td (that ) Tj ET Q q 0 0 0 rg BT 314.01 577.10 Td (we ) Tj ET Q q 0 0 0 rg BT 327.65 577.10 Td (have ) Tj ET Q q 0 0 0 rg BT 348.50 577.10 Td (infringed ) Tj ET Q q 0 0 0 rg BT 387.13 577.10 Td (their ) Tj ET Q q 0 0 0 rg BT 407.43 577.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 453.83 577.10 Td (property ) Tj ET Q q 0 0 0 rg BT 489.68 577.10 Td (rights. ) Tj ET Q q 0 0 0 rg BT 516.93 577.10 Td (In ) Tj ET Q q 0 0 0 rg BT 527.23 577.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.27 565.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 102.59 565.10 Td (agree ) Tj ET Q q 0 0 0 rg BT 126.35 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.24 565.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 179.46 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.91 565.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 237.57 565.10 Td (against ) Tj ET Q q 0 0 0 rg BT 268.01 565.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 289.55 565.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 317.77 565.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.88 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.33 565.10 Td (software ) Tj ET Q q 0 0 0 rg BT 386.87 565.10 Td (products ) Tj ET Q q 0 0 0 rg BT 423.42 565.10 Td (infringe ) Tj ET Q q 0 0 0 rg BT 457.19 565.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 503.73 565.10 Td (property ) Tj ET Q q 0 0 0 rg BT 539.72 565.10 Td (rights ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.42 553.10 Td (third ) Tj ET Q q 0 0 0 rg BT 79.90 553.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 108.15 553.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 126.68 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.05 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.86 553.10 Td (event ) Tj ET Q q 0 0 0 rg BT 173.10 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.03 553.10 Td (an ) Tj ET Q q 0 0 0 rg BT 194.06 553.10 Td (infringement, ) Tj ET Q q 0 0 0 rg BT 249.80 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.17 553.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 289.65 553.10 Td (or ) Tj ET Q q 0 0 0 rg BT 299.57 553.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 330.02 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.83 553.10 Td (infringing ) Tj ET Q q 0 0 0 rg BT 385.42 553.10 Td (product ) Tj ET Q q 0 0 0 rg BT 417.56 553.10 Td (or) Tj ET Q q 0 0 0 rg BT 425.49 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 429.58 553.10 Td (if ) Tj ET Q q 0 0 0 rg BT 437.28 553.10 Td (those ) Tj ET Q q 0 0 0 rg BT 459.98 553.10 Td (options ) Tj ET Q q 0 0 0 rg BT 491.02 553.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.82 553.10 Td (not ) Tj ET Q q 0 0 0 rg BT 519.19 553.10 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 86.84 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.68 541.10 Td (refund ) Tj ET Q q 0 0 0 rg BT 124.84 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.12 541.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 157.29 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.68 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.96 541.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 220.95 541.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.34 541.10 Td (pro-rated ) Tj ET Q q 0 0 0 rg BT 270.05 541.10 Td (over ) Tj ET Q q 0 0 0 rg BT 289.88 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.38 541.10 Td (period ) Tj ET Q q 0 0 0 rg BT 323.99 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.38 541.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 359.90 541.10 Td (W) Tj ET Q q 0 0 0 rg BT 368.53 541.10 Td (e ) Tj ET Q q 0 0 0 rg BT 375.03 541.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 403.75 541.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 433.58 541.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 467.85 541.10 Td (assertions ) Tj ET Q q 0 0 0 rg BT 509.35 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.74 541.10 Td (third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 96.15 529.10 Td (property ) Tj ET Q q 0 0 0 rg BT 132.25 529.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 157.26 529.10 Td (or ) Tj ET Q q 0 0 0 rg BT 167.81 529.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 196.14 529.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 225.58 529.10 Td (from ) Tj ET Q q 0 0 0 rg BT 247.25 529.10 Td (such ) Tj ET Q q 0 0 0 rg BT 267.80 529.10 Td (assertions ) Tj ET Q q 0 0 0 rg BT 309.47 529.10 Td (will ) Tj ET Q q 0 0 0 rg BT 327.25 529.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 380.03 529.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 402.80 529.10 Td (our ) Tj ET Q q 0 0 0 rg BT 418.35 529.10 Td (business ) Tj ET Q q 0 0 0 rg BT 454.47 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.14 529.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 511.13 529.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 541.96 529.10 Td (If ) Tj ET Q q 0 0 0 rg BT 550.84 529.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.39 517.10 Td (forced ) Tj ET Q q 0 0 0 rg BT 92.61 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.08 517.10 Td (defend ) Tj ET Q q 0 0 0 rg BT 132.97 517.10 Td (against ) Tj ET Q q 0 0 0 rg BT 163.98 517.10 Td (any ) Tj ET Q q 0 0 0 rg BT 181.10 517.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 235.44 517.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 266.72 517.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 301.62 517.10 Td (they ) Tj ET Q q 0 0 0 rg BT 321.52 517.10 Td (are ) Tj ET Q q 0 0 0 rg BT 336.41 517.10 Td (with ) Tj ET Q q 0 0 0 rg BT 356.87 517.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.89 517.10 Td (without ) Tj ET Q q 0 0 0 rg BT 401.13 517.10 Td (merit ) Tj ET Q q 0 0 0 rg BT 424.92 517.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.93 517.10 Td (are ) Tj ET Q q 0 0 0 rg BT 450.82 517.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 498.49 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.95 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.96 517.10 Td (favor) Tj ET Q q 0 0 0 rg BT 545.66 517.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.85 517.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.52 505.10 Td (face ) Tj ET Q q 0 0 0 rg BT 88.97 505.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 115.65 505.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 154.56 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.80 505.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 211.82 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.96 505.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 261.85 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.09 505.10 Td (management ) Tj ET Q q 0 0 0 rg BT 332.98 505.10 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 377.16 505.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 432.44 505.10 Td (an ) Tj ET Q q 0 0 0 rg BT 444.68 505.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 478.02 505.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 515.26 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.39 505.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.63 505.10 Td (dispute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.77 493.10 Td (require ) Tj ET Q q 0 0 0 rg BT 101.15 493.10 Td (us ) Tj ET Q q 0 0 0 rg BT 113.09 493.10 Td (to: ) Tj ET Q q 0 0 0 rg BT 126.71 493.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 144.20 493.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 184.74 493.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 230.57 493.10 Td (including ) Tj ET Q q 0 0 0 rg BT 271.40 493.10 Td (treble ) Tj ET Q q 0 0 0 rg BT 297.22 493.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 335.26 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.76 493.10 Td (attorneys) Tj ET Q q 0 0 0 rg BT 392.00 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.06 493.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 414.21 493.10 Td (if ) Tj ET Q q 0 0 0 rg BT 423.38 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.65 493.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 493.36 493.10 Td (were ) Tj ET Q q 0 0 0 rg BT 515.84 493.10 Td (found ) Tj ET Q q 0 0 0 rg BT 542.23 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 493.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.10 Td (willful; ) Tj ET Q q 0 0 0 rg BT 82.03 481.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 106.75 481.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 148.72 481.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 187.92 481.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.00 481.10 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 245.73 481.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 294.35 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.65 481.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 357.15 481.10 Td (property ) Tj ET Q q 0 0 0 rg BT 394.11 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.53 481.10 Td (others; ) Tj ET Q q 0 0 0 rg BT 435.83 481.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 467.79 481.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 510.86 481.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 89.15 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.82 469.10 Td (redesign ) Tj ET Q q 0 0 0 rg BT 134.58 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.80 469.10 Td (re-engineer ) Tj ET Q q 0 0 0 rg BT 192.21 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.43 469.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 245.44 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.77 469.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 300.60 469.10 Td (if ) Tj ET Q q 0 0 0 rg BT 308.60 469.10 Td (feasible; ) Tj ET Q q 0 0 0 rg BT 344.36 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.69 469.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 382.56 469.10 Td (into ) Tj ET Q q 0 0 0 rg BT 400.01 469.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 444.67 469.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 494.31 469.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 524.52 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.74 469.10 Td (license ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 97.53 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.81 457.10 Td (order ) Tj ET Q q 0 0 0 rg BT 131.41 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.68 457.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 169.18 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.89 457.10 Td (right ) Tj ET Q q 0 0 0 rg BT 205.28 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.56 457.10 Td (use ) Tj ET Q q 0 0 0 rg BT 231.39 457.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 272.75 457.10 Td (technologies. ) Tj ET Q q 0 0 0 rg BT 328.11 457.10 Td (W) Tj ET Q q 0 0 0 rg BT 336.75 457.10 Td (e ) Tj ET Q q 0 0 0 rg BT 343.69 457.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 372.84 457.10 Td (be ) Tj ET Q q 0 0 0 rg BT 384.78 457.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 414.48 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.31 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.03 457.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 476.96 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.79 457.10 Td (any ) Tj ET Q q 0 0 0 rg BT 504.72 457.10 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 545.28 457.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 81.14 445.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.78 445.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 132.20 445.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 179.66 445.10 Td (if ) Tj ET Q q 0 0 0 rg BT 189.08 445.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 228.21 445.10 Td (may ) Tj ET Q q 0 0 0 rg BT 248.74 445.10 Td (not ) Tj ET Q q 0 0 0 rg BT 264.83 445.10 Td (be ) Tj ET Q q 0 0 0 rg BT 277.59 445.10 Td (available ) Tj ET Q q 0 0 0 rg BT 316.99 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.08 445.10 Td (us ) Tj ET Q q 0 0 0 rg BT 340.29 445.10 Td (on ) Tj ET Q q 0 0 0 rg BT 353.60 445.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 399.11 445.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 424.64 445.10 Td (or ) Tj ET Q q 0 0 0 rg BT 436.28 445.10 Td (at ) Tj ET Q q 0 0 0 rg BT 446.81 445.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 462.62 445.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 481.49 445.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 510.90 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.99 445.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 550.30 445.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 90.69 433.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 124.67 433.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.33 433.10 Td (other ) Tj ET Q q 0 0 0 rg BT 158.20 433.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 183.31 433.10 Td (could ) Tj ET Q q 0 0 0 rg BT 207.85 433.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 240.16 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.70 433.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 272.57 433.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.23 433.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 331.67 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.33 433.10 Td (some ) Tj ET Q q 0 0 0 rg BT 365.76 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.42 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 392.07 433.10 Td (products ) Tj ET Q q 0 0 0 rg BT 428.83 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.60 433.10 Td (services ) Tj ET Q q 0 0 0 rg BT 480.13 433.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 499.40 433.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 540.31 433.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.10 Td (have ) Tj ET Q q 0 0 0 rg BT 70.88 421.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.82 421.10 Td (material ) Tj ET Q q 0 0 0 rg BT 113.07 421.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 146.11 421.10 Td (ef) Tj ET Q q 0 0 0 rg BT 153.70 421.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 171.18 421.10 Td (on ) Tj ET Q q 0 0 0 rg BT 183.68 421.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.51 421.10 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.45 400.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 103.51 400.10 Td (information ) Tj ET Q q 0 0 0 rg BT 155.24 400.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 202.51 400.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 235.89 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.49 400.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 282.65 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.70 400.10 Td (our ) Tj ET Q q 0 0 0 rg BT 309.42 400.10 Td (business.System ) Tj ET Q q 0 0 0 rg BT 380.60 400.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 428.44 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.27 400.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 512.99 400.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 539.72 400.10 Td (could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 81.33 388.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.71 388.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 147.47 388.10 Td (which ) Tj ET Q q 0 0 0 rg BT 175.41 388.10 Td (could ) Tj ET Q q 0 0 0 rg BT 201.11 388.10 Td (have ) Tj ET Q q 0 0 0 rg BT 223.48 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.40 388.10 Td (material ) Tj ET Q q 0 0 0 rg BT 268.77 388.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 302.80 388.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 333.50 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 346.99 388.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.37 388.10 Td (business ) Tj ET Q q 0 0 0 rg BT 402.31 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.13 388.10 Td (results ) Tj ET Q q 0 0 0 rg BT 444.28 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.55 388.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 502.37 388.10 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 553.61 388.10 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (material ) Tj ET Q q 0 0 0 rg BT 86.44 376.10 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 136.17 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.00 376.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.96 376.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 199.25 376.10 Td (controls.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 359.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.86 359.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 108.69 359.10 Td (on ) Tj ET Q q 0 0 0 rg BT 121.98 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.48 359.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.07 359.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 173.90 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.62 359.10 Td (uninterrupted ) Tj ET Q q 0 0 0 rg BT 248.78 359.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 289.83 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.44 359.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 339.16 359.10 Td (information ) Tj ET Q q 0 0 0 rg BT 389.66 359.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 437.38 359.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 474.83 359.10 Td (including ) Tj ET Q q 0 0 0 rg BT 515.89 359.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 550.84 359.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.49 347.10 Td (billing, ) Tj ET Q q 0 0 0 rg BT 121.43 347.10 Td (human ) Tj ET Q q 0 0 0 rg BT 151.98 347.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 195.57 347.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 238.33 347.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 275.53 347.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 313.86 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.63 347.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 371.62 347.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 422.16 347.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 480.85 347.10 Td (As ) Tj ET Q q 0 0 0 rg BT 495.29 347.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 347.10 Td (business ) Tj ET Q q 0 0 0 rg BT 549.18 347.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (grown ) Tj ET Q q 0 0 0 rg BT 77.46 335.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.64 335.10 Td (size ) Tj ET Q q 0 0 0 rg BT 105.60 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.44 335.10 Td (complexity) Tj ET Q q 0 0 0 rg BT 166.79 335.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.69 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.32 335.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 217.05 335.10 Td (has ) Tj ET Q q 0 0 0 rg BT 232.79 335.10 Td (placed, ) Tj ET Q q 0 0 0 rg BT 263.79 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.64 335.10 Td (will ) Tj ET Q q 0 0 0 rg BT 298.60 335.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 335.44 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.63 335.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 371.63 335.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 416.25 335.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 454.20 335.10 Td (on ) Tj ET Q q 0 0 0 rg BT 466.61 335.10 Td (our ) Tj ET Q q 0 0 0 rg BT 482.35 335.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 515.30 335.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 95.96 323.10 Td (systems. ) Tj ET Q q 0 0 0 rg BT 132.02 323.10 Td (T) Tj ET Q q 0 0 0 rg BT 137.43 323.10 Td (o ) Tj ET Q q 0 0 0 rg BT 144.46 323.10 Td (ef) Tj ET Q q 0 0 0 rg BT 152.05 323.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 189.06 323.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 222.19 323.10 Td (this ) Tj ET Q q 0 0 0 rg BT 238.66 323.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 271.53 323.10 Td (we ) Tj ET Q q 0 0 0 rg BT 285.22 323.10 Td (must ) Tj ET Q q 0 0 0 rg BT 306.70 323.10 Td (commit ) Tj ET Q q 0 0 0 rg BT 339.28 323.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 383.52 323.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 420.53 323.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 460.32 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.79 323.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 517.70 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.51 323.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.26 311.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 103.34 311.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 138.33 311.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 173.32 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.08 311.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 226.06 311.10 Td (or ) Tj ET Q q 0 0 0 rg BT 237.71 311.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 270.46 311.10 Td (new ) Tj ET Q q 0 0 0 rg BT 290.44 311.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 325.43 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.53 311.10 Td (keep ) Tj ET Q q 0 0 0 rg BT 358.73 311.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 380.37 311.10 Td (with ) Tj ET Q q 0 0 0 rg BT 401.47 311.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 447.57 311.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 483.10 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.20 311.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.85 311.10 Td (business ) Tj ET Q q 0 0 0 rg BT 548.07 311.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (information ) Tj ET Q q 0 0 0 rg BT 99.19 299.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 144.43 299.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 191.35 299.10 Td (as ) Tj ET Q q 0 0 0 rg BT 202.15 299.10 Td (well ) Tj ET Q q 0 0 0 rg BT 221.85 299.10 Td (as ) Tj ET Q q 0 0 0 rg BT 232.65 299.10 Td (evolving ) Tj ET Q q 0 0 0 rg BT 270.13 299.10 Td (industry) Tj ET Q q 0 0 0 rg BT 302.25 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 307.23 299.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 350.80 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.72 299.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 414.07 299.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 456.81 299.10 Td (If ) Tj ET Q q 0 0 0 rg BT 468.45 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.14 299.10 Td (information ) Tj ET Q q 0 0 0 rg BT 532.83 299.10 Td (we ) Tj ET Q q 0 0 0 rg BT 546.97 299.10 Td (rely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.49 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.27 287.10 Td (run ) Tj ET Q q 0 0 0 rg BT 99.59 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.92 287.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 161.13 287.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.80 287.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 218.77 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.55 287.10 Td (be ) Tj ET Q q 0 0 0 rg BT 241.98 287.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 286.05 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.38 287.10 Td (unreliable, ) Tj ET Q q 0 0 0 rg BT 342.85 287.10 Td (if ) Tj ET Q q 0 0 0 rg BT 351.96 287.10 Td (we ) Tj ET Q q 0 0 0 rg BT 366.61 287.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 382.93 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.70 287.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 430.57 287.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 468.56 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.88 287.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 515.63 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 531.96 287.10 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (information ) Tj ET Q q 0 0 0 rg BT 99.75 275.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 147.23 275.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 184.44 275.10 Td (we ) Tj ET Q q 0 0 0 rg BT 199.14 275.10 Td (could ) Tj ET Q q 0 0 0 rg BT 224.40 275.10 Td (have ) Tj ET Q q 0 0 0 rg BT 246.32 275.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 294.34 275.10 Td (disruptions, ) Tj ET Q q 0 0 0 rg BT 344.33 275.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 384.02 275.10 Td (disputes, ) Tj ET Q q 0 0 0 rg BT 422.34 275.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 467.59 275.10 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 518.38 275.10 Td (or ) Tj ET Q q 0 0 0 rg BT 529.76 275.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 98.98 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.59 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 125.75 263.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 159.13 263.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 196.68 263.10 Td (have ) Tj ET Q q 0 0 0 rg BT 218.39 263.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 257.86 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.47 263.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 309.07 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.34 263.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 386.38 263.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 427.81 263.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 446.75 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.91 263.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 491.30 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.91 263.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 536.95 263.10 Td (timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 251.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 102.24 251.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.72 251.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 172.49 251.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.32 251.10 Td (suf) Tj ET Q q 0 0 0 rg BT 195.36 251.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 208.96 251.10 Td (other ) Tj ET Q q 0 0 0 rg BT 232.00 251.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 265.04 251.10 Td (consequences.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (If ) Tj ET Q q 0 0 0 rg BT 60.09 230.10 Td (we ) Tj ET Q q 0 0 0 rg BT 74.57 230.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 91.83 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.98 230.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 143.59 230.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 174.18 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.12 230.10 Td (ef) Tj ET Q q 0 0 0 rg BT 200.70 230.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 230.72 230.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 266.88 230.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 306.09 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.91 230.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 352.83 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.98 230.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 400.69 230.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 439.60 230.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.20 230.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 526.91 230.10 Td (could ) Tj ET Q q 0 0 0 rg BT 553.06 230.10 Td (be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 91.58 218.10 Td (which ) Tj ET Q q 0 0 0 rg BT 119.50 218.10 Td (could ) Tj ET Q q 0 0 0 rg BT 145.19 218.10 Td (result ) Tj ET Q q 0 0 0 rg BT 171.44 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.70 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.61 218.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 209.08 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.33 218.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 256.02 218.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 303.91 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.17 218.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.53 218.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.67 218.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 406.98 218.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 453.78 218.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 493.36 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.05 218.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 547.50 218.10 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 84.79 206.10 Td (control ) Tj ET Q q 0 0 0 rg BT 116.74 206.10 Td (deficiencies, ) Tj ET Q q 0 0 0 rg BT 170.05 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.11 206.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 231.72 206.10 Td (have ) Tj ET Q q 0 0 0 rg BT 253.66 206.10 Td (an ) Tj ET Q q 0 0 0 rg BT 266.72 206.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 300.32 206.10 Td (ef) Tj ET Q q 0 0 0 rg BT 307.90 206.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 325.39 206.10 Td (on ) Tj ET Q q 0 0 0 rg BT 338.45 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.73 206.10 Td (market ) Tj ET Q q 0 0 0 rg BT 385.12 206.10 Td (price ) Tj ET Q q 0 0 0 rg BT 408.16 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.99 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.95 206.10 Td (common ) Tj ET Q q 0 0 0 rg BT 474.00 206.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 189.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.43 189.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.68 189.10 Td (publicly-traded ) Tj ET Q q 0 0 0 rg BT 158.59 189.10 Td (company) Tj ET Q q 0 0 0 rg BT 194.59 189.10 Td (, ) Tj ET Q q 0 0 0 rg BT 199.91 189.10 Td (we ) Tj ET Q q 0 0 0 rg BT 214.38 189.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.40 189.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 260.54 189.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.14 189.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 320.04 189.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 343.13 189.10 Td (among ) Tj ET Q q 0 0 0 rg BT 373.17 189.10 Td (other ) Tj ET Q q 0 0 0 rg BT 396.53 189.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 446.28 189.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 479.09 189.10 Td (404 ) Tj ET Q q 0 0 0 rg BT 496.90 189.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.05 189.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.08 189.10 Td (Sarbanes-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 177.10 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 75.99 177.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 93.06 177.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.02 177.10 Td (2002, ) Tj ET Q q 0 0 0 rg BT 129.15 177.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.11 177.10 Td (SOX, ) Tj ET Q q 0 0 0 rg BT 165.25 177.10 Td (which ) Tj ET Q q 0 0 0 rg BT 192.32 177.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 227.15 177.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.78 177.10 Td (we ) Tj ET Q q 0 0 0 rg BT 259.07 177.10 Td (test ) Tj ET Q q 0 0 0 rg BT 275.59 177.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.55 177.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 324.72 177.10 Td (control ) Tj ET Q q 0 0 0 rg BT 355.68 177.10 Td (over ) Tj ET Q q 0 0 0 rg BT 376.08 177.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.69 177.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 452.97 177.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.04 177.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 513.22 177.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 548.07 177.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 165.10 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 99.02 165.10 Td (Ensuring ) Tj ET Q q 0 0 0 rg BT 138.29 165.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.44 165.10 Td (we ) Tj ET Q q 0 0 0 rg BT 171.26 165.10 Td (have ) Tj ET Q q 0 0 0 rg BT 193.29 165.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 231.98 165.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 265.68 165.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 303.82 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.41 165.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 368.44 165.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 403.81 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.41 165.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 468.43 165.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.37 165.10 Td (place ) Tj ET Q q 0 0 0 rg BT 503.62 165.10 Td (so ) Tj ET Q q 0 0 0 rg BT 515.67 165.10 Td (that ) Tj ET Q q 0 0 0 rg BT 533.82 165.10 Td (we ) Tj ET Q q 0 0 0 rg BT 548.64 165.10 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 83.10 153.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 117.80 153.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.18 153.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 197.79 153.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.18 153.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.02 153.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 241.97 153.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 263.36 153.10 Td (is ) Tj ET Q q 0 0 0 rg BT 271.43 153.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.26 153.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 302.55 153.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.38 153.10 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 384.77 153.10 Td (ef) Tj ET Q q 0 0 0 rg BT 392.36 153.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 408.19 153.10 Td (that ) Tj ET Q q 0 0 0 rg BT 424.58 153.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 448.75 153.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.92 153.10 Td (be ) Tj ET Q q 0 0 0 rg BT 468.76 153.10 Td (re-evaluated ) Tj ET Q q 0 0 0 rg BT 519.56 153.10 Td (frequently) Tj ET Q q 0 0 0 rg BT 560.01 153.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.89 141.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 116.81 141.10 Td (with ) Tj ET Q q 0 0 0 rg BT 137.43 141.10 Td (SOX ) Tj ET Q q 0 0 0 rg BT 160.27 141.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 195.32 141.10 Td (that ) Tj ET Q q 0 0 0 rg BT 213.15 141.10 Td (we ) Tj ET Q q 0 0 0 rg BT 227.64 141.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 251.03 141.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 296.64 141.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 331.68 141.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.96 141.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 380.67 141.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 425.72 141.10 Td (management ) Tj ET Q q 0 0 0 rg BT 479.65 141.10 Td (time ) Tj ET Q q 0 0 0 rg BT 500.26 141.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.09 141.10 Td (compliance-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.78 129.10 Td (issues. ) Tj ET Q q 0 0 0 rg BT 107.26 129.10 Td (If ) Tj ET Q q 0 0 0 rg BT 116.00 129.10 Td (we ) Tj ET Q q 0 0 0 rg BT 129.74 129.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 145.15 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.01 129.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 187.62 129.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.14 129.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 241.21 129.10 Td (an ) Tj ET Q q 0 0 0 rg BT 252.73 129.10 Td (ef) Tj ET Q q 0 0 0 rg BT 260.32 129.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 289.60 129.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 322.23 129.10 Td (control ) Tj ET Q q 0 0 0 rg BT 352.63 129.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 407.76 129.10 Td (we ) Tj ET Q q 0 0 0 rg BT 421.50 129.10 Td (could ) Tj ET Q q 0 0 0 rg BT 445.80 129.10 Td (suf) Tj ET Q q 0 0 0 rg BT 457.84 129.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 471.02 129.10 Td (material ) Tj ET Q q 0 0 0 rg BT 505.86 129.10 Td (misstatements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.45 117.10 Td (our ) Tj ET Q q 0 0 0 rg BT 74.95 117.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.10 117.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 156.48 117.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.09 117.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 188.59 117.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.54 117.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 220.14 117.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.64 117.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 274.47 117.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 323.58 117.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.19 117.10 Td (would ) Tj ET Q q 0 0 0 rg BT 377.36 117.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 402.30 117.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 426.68 117.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 464.96 117.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.91 117.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 493.19 117.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 539.22 117.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 117.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 84.17 105.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.51 105.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 171.48 105.10 Td (This ) Tj ET Q q 0 0 0 rg BT 190.62 105.10 Td (could ) Tj ET Q q 0 0 0 rg BT 214.19 105.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 236.10 105.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.78 105.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.90 105.10 Td (results ) Tj ET Q q 0 0 0 rg BT 317.37 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.17 105.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 351.18 105.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.31 105.10 Td (a ) Tj ET Q q 0 0 0 rg BT 366.11 105.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 396.34 105.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.48 105.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.16 105.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 442.63 105.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 466.17 105.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 516.07 105.10 Td (, ) Tj ET Q q 0 0 0 rg BT 519.93 105.10 Td (inef) Tj ET Q q 0 0 0 rg BT 535.30 105.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 82.47 93.10 Td (control ) Tj ET Q q 0 0 0 rg BT 113.22 93.10 Td (over ) Tj ET Q q 0 0 0 rg BT 133.41 93.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.82 93.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 209.90 93.10 Td (could ) Tj ET Q q 0 0 0 rg BT 234.54 93.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 264.74 93.10 Td (us ) Tj ET Q q 0 0 0 rg BT 276.05 93.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.26 93.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 326.44 93.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 343.86 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.62 93.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 378.14 93.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.90 93.10 Td (misuse ) Tj ET Q q 0 0 0 rg BT 419.10 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.86 93.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 470.04 93.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 495.80 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.66 93.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 543.41 93.10 Td (us ) Tj ET Q q 0 0 0 rg BT 554.73 93.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 87.78 81.10 Td (delisting ) Tj ET Q q 0 0 0 rg BT 125.52 81.10 Td (from ) Tj ET Q q 0 0 0 rg BT 148.25 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.76 81.10 Td (New ) Tj ET Q q 0 0 0 rg BT 185.44 81.10 Td (Y) Tj ET Q q 0 0 0 rg BT 191.67 81.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 208.29 81.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 234.36 81.10 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 279.57 81.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 323.96 81.10 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 385.31 81.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 406.37 81.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.99 81.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 454.61 81.10 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 497.62 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.35 81.10 Td (class ) Tj ET Q q 0 0 0 rg BT 538.08 81.10 Td (action ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.10 Td (litigation.) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.85 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 93.53 740.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 138.53 740.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 185.20 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 215.76 740.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 251.87 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.44 740.10 Td (mission-critical ) Tj ET Q q 0 0 0 rg BT 326.89 740.10 Td (products ) Tj ET Q q 0 0 0 rg BT 363.57 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.24 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 414.69 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.71 740.10 Td (many ) Tj ET Q q 0 0 0 rg BT 449.16 740.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.38 740.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 533.07 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 740.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 89.32 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 101.93 728.10 Td (one ) Tj ET Q q 0 0 0 rg BT 118.98 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.93 728.10 Td (more ) Tj ET Q q 0 0 0 rg BT 153.09 728.10 Td (member ) Tj ET Q q 0 0 0 rg BT 188.46 728.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 225.50 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.45 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.28 728.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 283.88 728.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 323.70 728.10 Td (Institutions ) Tj ET Q q 0 0 0 rg BT 371.32 728.10 Td (Examination ) Tj ET Q q 0 0 0 rg BT 425.03 728.10 Td (Council, ) Tj ET Q q 0 0 0 rg BT 461.81 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 472.75 728.10 Td (FFIEC, ) Tj ET Q q 0 0 0 rg BT 505.10 728.10 Td (we ) Tj ET Q q 0 0 0 rg BT 519.37 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 534.19 728.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.80 716.10 Td (an ) Tj ET Q q 0 0 0 rg BT 71.76 716.10 Td (IT) Tj ET Q q 0 0 0 rg BT 81.02 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.54 716.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 135.49 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 148.01 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.75 716.10 Td (member ) Tj ET Q q 0 0 0 rg BT 198.03 716.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 234.98 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.83 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.56 716.10 Td (FFIEC. ) Tj ET Q q 0 0 0 rg BT 292.26 716.10 Td (As ) Tj ET Q q 0 0 0 rg BT 305.89 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.85 716.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 340.09 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.83 716.10 Td (FFIEC ) Tj ET Q q 0 0 0 rg BT 384.58 716.10 Td (conducts ) Tj ET Q q 0 0 0 rg BT 422.65 716.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 461.82 716.10 Td (IT) Tj ET Q q 0 0 0 rg BT 471.07 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.60 716.10 Td (Examinations ) Tj ET Q q 0 0 0 rg BT 531.11 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.41 716.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.71 704.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 93.25 704.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 127.36 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 138.12 704.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 175.55 704.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 196.88 704.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 240.41 704.10 Td (with ) Tj ET Q q 0 0 0 rg BT 260.62 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.39 704.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 320.48 704.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.91 704.10 Td (could ) Tj ET Q q 0 0 0 rg BT 362.57 704.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 403.32 704.10 Td (af) Tj ET Q q 0 0 0 rg BT 410.91 704.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 428.33 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.98 704.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.40 704.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 527.29 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.50 704.10 Td (whom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (we ) Tj ET Q q 0 0 0 rg BT 65.04 692.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 99.46 692.10 Td (products ) Tj ET Q q 0 0 0 rg BT 137.78 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.09 692.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 194.68 692.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 231.87 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.07 692.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 267.95 692.10 Td (management ) Tj ET Q q 0 0 0 rg BT 322.92 692.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 360.96 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.28 692.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 415.38 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.69 692.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 477.55 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 494.76 692.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 544.72 692.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.38 680.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 114.51 680.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.30 680.10 Td (af) Tj ET Q q 0 0 0 rg BT 139.89 680.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 157.67 680.10 Td (theproducts ) Tj ET Q q 0 0 0 rg BT 209.61 680.10 Td (andservices ) Tj ET Q q 0 0 0 rg BT 261.55 680.10 Td (we ) Tj ET Q q 0 0 0 rg BT 276.01 680.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 309.35 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.92 680.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 357.70 680.10 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 407.45 680.10 Td (In ) Tj ET Q q 0 0 0 rg BT 418.57 680.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 454.14 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.71 680.10 Td (examining ) Tj ET Q q 0 0 0 rg BT 509.72 680.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 533.05 680.10 Td (such ) Tj ET Q q 0 0 0 rg BT 554.17 680.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.99 668.10 Td (management ) Tj ET Q q 0 0 0 rg BT 120.24 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.73 668.10 Td (technology) Tj ET Q q 0 0 0 rg BT 175.52 668.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.18 668.10 Td (data ) Tj ET Q q 0 0 0 rg BT 201.00 668.10 Td (integrity) Tj ET Q q 0 0 0 rg BT 234.23 668.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.89 668.10 Td (information ) Tj ET Q q 0 0 0 rg BT 290.26 668.10 Td (confidentiality) Tj ET Q q 0 0 0 rg BT 347.93 668.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.59 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.19 668.10 Td (service ) Tj ET Q q 0 0 0 rg BT 402.67 668.10 Td (availability) Tj ET Q q 0 0 0 rg BT 447.00 668.10 Td (, ) Tj ET Q q 0 0 0 rg BT 452.67 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.04 668.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 502.31 668.10 Td (also ) Tj ET Q q 0 0 0 rg BT 521.58 668.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 549.18 668.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.07 656.10 Td (stability) Tj ET Q q 0 0 0 rg BT 118.64 656.10 Td (. ) Tj ET Q q 0 0 0 rg BT 123.73 656.10 Td (In ) Tj ET Q q 0 0 0 rg BT 134.64 656.10 Td (June ) Tj ET Q q 0 0 0 rg BT 155.56 656.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 180.65 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.45 656.10 Td (FDIC, ) Tj ET Q q 0 0 0 rg BT 223.32 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.35 656.10 Td (member ) Tj ET Q q 0 0 0 rg BT 265.70 656.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 296.60 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.52 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.32 656.10 Td (FFIEC, ) Tj ET Q q 0 0 0 rg BT 354.64 656.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 398.88 656.10 Td (its ) Tj ET Q q 0 0 0 rg BT 410.91 656.10 Td (IT) Tj ET Q q 0 0 0 rg BT 420.17 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.76 656.10 Td (examination, ) Tj ET Q q 0 0 0 rg BT 477.27 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.30 656.10 Td (found ) Tj ET Q q 0 0 0 rg BT 520.21 656.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 540.30 656.10 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.14 644.10 Td (services ) Tj ET Q q 0 0 0 rg BT 98.77 644.10 Td (we ) Tj ET Q q 0 0 0 rg BT 112.85 644.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 145.81 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.01 644.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.76 644.10 Td (client ) Tj ET Q q 0 0 0 rg BT 196.40 644.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 222.15 644.10 Td (are ) Tj ET Q q 0 0 0 rg BT 236.78 644.10 Td (satisfactory) Tj ET Q q 0 0 0 rg BT 282.22 644.10 Td (,several ) Tj ET Q q 0 0 0 rg BT 317.96 644.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 349.81 644.10 Td (required ) Tj ET Q q 0 0 0 rg BT 385.55 644.10 Td (further ) Tj ET Q q 0 0 0 rg BT 415.18 644.10 Td (attention, ) Tj ET Q q 0 0 0 rg BT 455.09 644.10 Td (some ) Tj ET Q q 0 0 0 rg BT 478.62 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.37 644.10 Td (which ) Tj ET Q q 0 0 0 rg BT 516.23 644.10 Td (were ) Tj ET Q q 0 0 0 rg BT 538.08 644.10 Td (repeat ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (findings ) Tj ET Q q 0 0 0 rg BT 85.14 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.44 632.10 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 176.39 632.10 Td (from ) Tj ET Q q 0 0 0 rg BT 198.69 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.77 632.10 Td (FDIC) Tj ET Q q 0 0 0 rg BT 239.33 632.10 Td (s ) Tj ET Q q 0 0 0 rg BT 246.08 632.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 268.94 632.10 Td (examination. ) Tj ET Q q 0 0 0 rg BT 323.10 632.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 363.74 632.10 Td (management ) Tj ET Q q 0 0 0 rg BT 417.69 632.10 Td (has ) Tj ET Q q 0 0 0 rg BT 433.88 632.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 477.84 632.10 Td (a ) Tj ET Q q 0 0 0 rg BT 485.14 632.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 505.22 632.10 Td (for ) Tj ET Q q 0 0 0 rg BT 519.74 632.10 Td (addressing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 620.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 106.99 620.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.16 620.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 150.32 620.10 Td (be ) Tj ET Q q 0 0 0 rg BT 162.26 620.10 Td (assured ) Tj ET Q q 0 0 0 rg BT 194.75 620.10 Td (that ) Tj ET Q q 0 0 0 rg BT 212.25 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.98 620.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 246.70 620.10 Td (will ) Tj ET Q q 0 0 0 rg BT 264.76 620.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 293.37 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.09 620.10 Td (FDIC ) Tj ET Q q 0 0 0 rg BT 333.38 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.22 620.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 387.81 620.10 Td (law) Tj ET Q q 0 0 0 rg BT 401.60 620.10 Td (. ) Tj ET Q q 0 0 0 rg BT 406.05 620.10 Td (A) Tj ET Q q 0 0 0 rg BT 412.72 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.23 620.10 Td (suf) Tj ET Q q 0 0 0 rg BT 427.27 620.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 463.09 620.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 513.35 620.10 Td (review ) Tj ET Q q 0 0 0 rg BT 543.06 620.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 608.10 Td (FFIEC ) Tj ET Q q 0 0 0 rg BT 93.95 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.23 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.94 608.10 Td (future ) Tj ET Q q 0 0 0 rg BT 145.32 608.10 Td (could ) Tj ET Q q 0 0 0 rg BT 170.04 608.10 Td (have ) Tj ET Q q 0 0 0 rg BT 191.41 608.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.35 608.10 Td (material ) Tj ET Q q 0 0 0 rg BT 233.61 608.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 266.65 608.10 Td (ef) Tj ET Q q 0 0 0 rg BT 274.24 608.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 291.72 608.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.22 608.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.05 608.10 Td (business ) Tj ET Q q 0 0 0 rg BT 356.44 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.38 608.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.86 608.10 Td (condition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (If ) Tj ET Q q 0 0 0 rg BT 58.93 587.10 Td (one ) Tj ET Q q 0 0 0 rg BT 76.13 587.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.23 587.10 Td (more ) Tj ET Q q 0 0 0 rg BT 110.55 587.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 130.54 587.10 Td (states ) Tj ET Q q 0 0 0 rg BT 155.52 587.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.62 587.10 Td (local ) Tj ET Q q 0 0 0 rg BT 188.82 587.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 242.15 587.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 293.80 587.10 Td (assert ) Tj ET Q q 0 0 0 rg BT 319.89 587.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.22 587.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.53 587.10 Td (should ) Tj ET Q q 0 0 0 rg BT 381.53 587.10 Td (have ) Tj ET Q q 0 0 0 rg BT 403.18 587.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 441.47 587.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.57 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.12 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.10 587.10 Td (future ) Tj ET Q q 0 0 0 rg BT 505.87 587.10 Td (should ) Tj ET Q q 0 0 0 rg BT 535.87 587.10 Td (collect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.55 575.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 115.93 575.10 Td (or ) Tj ET Q q 0 0 0 rg BT 127.19 575.10 Td (use ) Tj ET Q q 0 0 0 rg BT 143.46 575.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 166.94 575.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.88 575.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.71 575.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 217.68 575.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.17 575.10 Td (could ) Tj ET Q q 0 0 0 rg BT 256.32 575.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.14 575.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 299.40 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.55 575.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 353.60 575.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 387.09 575.10 Td (with ) Tj ET Q q 0 0 0 rg BT 407.25 575.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 438.50 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.66 575.10 Td (past ) Tj ET Q q 0 0 0 rg BT 467.70 575.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.97 575.10 Td (future ) Tj ET Q q 0 0 0 rg BT 506.90 575.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 531.78 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.72 575.10 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (results ) Tj ET Q q 0 0 0 rg BT 79.23 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.06 563.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.01 563.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 152.85 563.10 Td (could ) Tj ET Q q 0 0 0 rg BT 178.13 563.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.07 563.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 230.89 563.10 Td (af) Tj ET Q q 0 0 0 rg BT 239.04 563.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 546.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 546.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.64 546.10 Td (do ) Tj ET Q q 0 0 0 rg BT 100.70 546.10 Td (not ) Tj ET Q q 0 0 0 rg BT 115.54 546.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 144.26 546.10 Td (state ) Tj ET Q q 0 0 0 rg BT 164.65 546.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.15 546.10 Td (local ) Tj ET Q q 0 0 0 rg BT 202.64 546.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 224.14 546.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.65 546.10 Td (use ) Tj ET Q q 0 0 0 rg BT 256.04 546.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 278.65 546.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.71 546.10 Td (all ) Tj ET Q q 0 0 0 rg BT 302.77 546.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 324.27 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.11 546.10 Td (all ) Tj ET Q q 0 0 0 rg BT 346.17 546.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 397.68 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.52 546.10 Td (which ) Tj ET Q q 0 0 0 rg BT 434.02 546.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.41 546.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 492.02 546.10 Td (are ) Tj ET Q q 0 0 0 rg BT 506.29 546.10 Td (located, ) Tj ET Q q 0 0 0 rg BT 539.73 546.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.96 534.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.75 534.10 Td (belief ) Tj ET Q q 0 0 0 rg BT 102.97 534.10 Td (that ) Tj ET Q q 0 0 0 rg BT 120.42 534.10 Td (such ) Tj ET Q q 0 0 0 rg BT 141.21 534.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 164.22 534.10 Td (are ) Tj ET Q q 0 0 0 rg BT 178.88 534.10 Td (not ) Tj ET Q q 0 0 0 rg BT 194.12 534.10 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 240.17 534.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 263.73 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.63 534.10 Td (use ) Tj ET Q q 0 0 0 rg BT 296.42 534.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.09 534.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 331.88 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.78 534.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 370.12 534.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 390.34 534.10 Td (by ) Tj ET Q q 0 0 0 rg BT 402.80 534.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 450.81 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.71 534.10 Td (such ) Tj ET Q q 0 0 0 rg BT 488.50 534.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 509.29 534.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.95 534.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 534.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 108.30 522.10 Td (Jurisdictions ) Tj ET Q q 0 0 0 rg BT 161.29 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.51 522.10 Td (which ) Tj ET Q q 0 0 0 rg BT 198.38 522.10 Td (we ) Tj ET Q q 0 0 0 rg BT 212.48 522.10 Td (do ) Tj ET Q q 0 0 0 rg BT 224.91 522.10 Td (not ) Tj ET Q q 0 0 0 rg BT 240.13 522.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 269.21 522.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 291.09 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.96 522.10 Td (use ) Tj ET Q q 0 0 0 rg BT 323.73 522.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 346.71 522.10 Td (may ) Tj ET Q q 0 0 0 rg BT 366.36 522.10 Td (assert ) Tj ET Q q 0 0 0 rg BT 391.57 522.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.00 522.10 Td (such ) Tj ET Q q 0 0 0 rg BT 429.76 522.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 452.75 522.10 Td (are ) Tj ET Q q 0 0 0 rg BT 467.39 522.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 513.41 522.10 Td (which ) Tj ET Q q 0 0 0 rg BT 540.29 522.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.10 Td (result ) Tj ET Q q 0 0 0 rg BT 74.62 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.31 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.43 510.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 147.77 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.01 510.10 Td (such ) Tj ET Q q 0 0 0 rg BT 180.24 510.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 206.19 510.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 241.03 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.38 510.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 299.32 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.67 510.10 Td (we ) Tj ET Q q 0 0 0 rg BT 331.23 510.10 Td (could ) Tj ET Q q 0 0 0 rg BT 356.36 510.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.70 510.10 Td (required ) Tj ET Q q 0 0 0 rg BT 404.92 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.60 510.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 445.16 510.10 Td (such ) Tj ET Q q 0 0 0 rg BT 466.39 510.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 489.85 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.53 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.65 510.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 544.72 510.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.99 498.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 113.93 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.87 498.10 Td (use ) Tj ET Q q 0 0 0 rg BT 146.70 498.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.41 498.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 195.02 498.10 Td (could ) Tj ET Q q 0 0 0 rg BT 219.74 498.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 260.55 498.10 Td (af) Tj ET Q q 0 0 0 rg BT 268.14 498.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 285.63 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.34 498.10 Td (results ) Tj ET Q q 0 0 0 rg BT 328.95 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.78 498.10 Td (our ) Tj ET Q q 0 0 0 rg BT 355.61 498.10 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 477.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.77 477.10 Td (business ) Tj ET Q q 0 0 0 rg BT 106.38 477.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.65 477.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.13 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.51 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.88 477.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 194.93 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.86 477.10 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 261.52 477.10 Td (fires, ) Tj ET Q q 0 0 0 rg BT 284.94 477.10 Td (floods, ) Tj ET Q q 0 0 0 rg BT 315.04 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.20 477.10 Td (other ) Tj ET Q q 0 0 0 rg BT 357.47 477.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 390.63 477.10 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 443.79 477.10 Td (events ) Tj ET Q q 0 0 0 rg BT 471.93 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.09 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.46 477.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 553.08 477.10 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 465.10 Td (man-made ) Tj ET Q q 0 0 0 rg BT 95.89 465.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 136.17 465.10 Td (such ) Tj ET Q q 0 0 0 rg BT 158.12 465.10 Td (as ) Tj ET Q q 0 0 0 rg BT 169.51 465.10 Td (terrorism.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 448.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.59 448.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 129.79 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.76 448.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.95 448.10 Td (are ) Tj ET Q q 0 0 0 rg BT 211.70 448.10 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 258.43 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.75 448.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 306.37 448.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.24 448.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 370.99 448.10 Td (from ) Tj ET Q q 0 0 0 rg BT 394.96 448.10 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 449.75 448.10 Td (fires, ) Tj ET Q q 0 0 0 rg BT 474.55 448.10 Td (floods, ) Tj ET Q q 0 0 0 rg BT 506.58 448.10 Td (power ) Tj ET Q q 0 0 0 rg BT 536.11 448.10 Td (losses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 132.55 436.10 Td (failures, ) Tj ET Q q 0 0 0 rg BT 167.56 436.10 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 201.74 436.10 Td (attacks, ) Tj ET Q q 0 0 0 rg BT 234.52 436.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 252.59 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.44 436.10 Td (war) Tj ET Q q 0 0 0 rg BT 278.03 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.05 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.01 436.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 330.30 436.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 360.87 436.10 Td (For ) Tj ET Q q 0 0 0 rg BT 377.28 436.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 416.18 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.14 436.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 467.87 436.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 498.15 436.10 Td (disaster) Tj ET Q q 0 0 0 rg BT 528.30 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 533.32 436.10 Td (such ) Tj ET Q q 0 0 0 rg BT 554.17 436.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.44 424.10 Td (earthquake, ) Tj ET Q q 0 0 0 rg BT 110.31 424.10 Td (fire ) Tj ET Q q 0 0 0 rg BT 126.70 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 137.53 424.10 Td (flood, ) Tj ET Q q 0 0 0 rg BT 163.65 424.10 Td (could ) Tj ET Q q 0 0 0 rg BT 188.37 424.10 Td (have ) Tj ET Q q 0 0 0 rg BT 209.75 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.70 424.10 Td (material ) Tj ET Q q 0 0 0 rg BT 251.96 424.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 285.01 424.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 314.73 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.23 424.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.07 424.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 381.97 424.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 422.24 424.10 Td (results ) Tj ET Q q 0 0 0 rg BT 450.85 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.80 424.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 505.28 424.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 548.06 424.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.22 412.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 107.92 412.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 147.39 412.10 Td (may ) Tj ET Q q 0 0 0 rg BT 167.99 412.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.82 412.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 200.64 412.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 229.56 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.73 412.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 291.32 412.10 Td (us ) Tj ET Q q 0 0 0 rg BT 303.59 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.64 412.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 345.92 412.10 Td (that ) Tj ET Q q 0 0 0 rg BT 364.30 412.10 Td (may ) Tj ET Q q 0 0 0 rg BT 384.90 412.10 Td (occur) Tj ET Q q 0 0 0 rg BT 406.56 412.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.44 412.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 431.38 412.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 472.52 412.10 Td (of) Tj ET Q q 0 0 0 rg BT 480.67 412.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 502.94 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.76 412.10 Td (one ) Tj ET Q q 0 0 0 rg BT 538.58 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 412.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.30 400.10 Td (we ) Tj ET Q q 0 0 0 rg BT 100.33 400.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 122.69 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.84 400.10 Td (house ) Tj ET Q q 0 0 0 rg BT 158.55 400.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.25 400.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 214.39 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.20 400.10 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 314.10 400.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 358.69 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 373.27 400.10 Td (located ) Tj ET Q q 0 0 0 rg BT 404.51 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.67 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.26 400.10 Td (San ) Tj ET Q q 0 0 0 rg BT 446.63 400.10 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 487.88 400.10 Td (Bay ) Tj ET Q q 0 0 0 rg BT 505.84 400.10 Td (Area, ) Tj ET Q q 0 0 0 rg BT 530.14 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.95 400.10 Td (region ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (known ) Tj ET Q q 0 0 0 rg BT 79.92 388.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.78 388.10 Td (seismic ) Tj ET Q q 0 0 0 rg BT 127.98 388.10 Td (activity) Tj ET Q q 0 0 0 rg BT 157.32 388.10 Td (. ) Tj ET Q q 0 0 0 rg BT 163.02 388.10 Td (In ) Tj ET Q q 0 0 0 rg BT 174.55 388.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 213.02 388.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 231.77 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.30 388.10 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 285.65 388.10 Td (which ) Tj ET Q q 0 0 0 rg BT 313.29 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 333.71 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.34 388.10 Td (tar) Tj ET Q q 0 0 0 rg BT 356.71 388.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 381.56 388.10 Td (at ) Tj ET Q q 0 0 0 rg BT 391.98 388.10 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 446.28 388.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 470.02 388.10 Td (with ) Tj ET Q q 0 0 0 rg BT 490.99 388.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 519.74 388.10 Td (population ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (density ) Tj ET Q q 0 0 0 rg BT 80.63 376.10 Td (than ) Tj ET Q q 0 0 0 rg BT 100.09 376.10 Td (rural ) Tj ET Q q 0 0 0 rg BT 121.20 376.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 146.48 376.10 Td (could ) Tj ET Q q 0 0 0 rg BT 170.94 376.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 195.39 376.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 242.08 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.10 376.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.67 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 278.24 376.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.81 376.10 Td (customers) Tj ET Q q 0 0 0 rg BT 336.95 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.19 376.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 383.65 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 394.22 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.68 376.10 Td (economy ) Tj ET Q q 0 0 0 rg BT 447.58 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.15 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 464.83 376.10 Td (whole. ) Tj ET Q q 0 0 0 rg BT 493.84 376.10 Td (W) Tj ET Q q 0 0 0 rg BT 502.48 376.10 Td (e ) Tj ET Q q 0 0 0 rg BT 509.16 376.10 Td (may ) Tj ET Q q 0 0 0 rg BT 528.62 376.10 Td (not ) Tj ET Q q 0 0 0 rg BT 543.64 376.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (suf) Tj ET Q q 0 0 0 rg BT 61.54 364.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 89.94 364.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 133.35 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.54 364.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 182.37 364.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 206.34 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.98 364.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 247.04 364.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 309.04 364.10 Td (such ) Tj ET Q q 0 0 0 rg BT 330.23 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.42 364.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 372.05 364.10 Td (disasters ) Tj ET Q q 0 0 0 rg BT 409.35 364.10 Td (af) Tj ET Q q 0 0 0 rg BT 416.93 364.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 447.56 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.64 364.10 Td (San ) Tj ET Q q 0 0 0 rg BT 480.50 364.10 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 522.23 364.10 Td (Bay ) Tj ET Q q 0 0 0 rg BT 540.57 364.10 Td (Area, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 352.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.27 352.10 Td (business ) Tj ET Q q 0 0 0 rg BT 118.66 352.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 168.37 352.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 209.19 352.10 Td (may ) Tj ET Q q 0 0 0 rg BT 228.90 352.10 Td (be ) Tj ET Q q 0 0 0 rg BT 240.84 352.10 Td (insuf) Tj ET Q q 0 0 0 rg BT 260.66 352.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 288.70 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.98 352.10 Td (compensate ) Tj ET Q q 0 0 0 rg BT 348.68 352.10 Td (us ) Tj ET Q q 0 0 0 rg BT 360.08 352.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.24 352.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 400.63 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 418.12 352.10 Td (may ) Tj ET Q q 0 0 0 rg BT 437.84 352.10 Td (occur) Tj ET Q q 0 0 0 rg BT 459.50 352.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.67 331.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 92.28 331.10 Td (price ) Tj ET Q q 0 0 0 rg BT 115.33 331.10 Td (is ) Tj ET Q q 0 0 0 rg BT 124.50 331.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 156.99 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.05 331.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 223.12 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.95 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.90 331.10 Td (common ) Tj ET Q q 0 0 0 rg BT 288.96 331.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.57 331.10 Td (could ) Tj ET Q q 0 0 0 rg BT 337.84 331.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 362.58 331.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 410.10 331.10 Td (losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 314.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.77 314.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 122.81 314.10 Td (price ) Tj ET Q q 0 0 0 rg BT 145.52 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.57 314.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.62 314.10 Td (common ) Tj ET Q q 0 0 0 rg BT 210.33 314.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 234.16 314.10 Td (may ) Tj ET Q q 0 0 0 rg BT 254.10 314.10 Td (be ) Tj ET Q q 0 0 0 rg BT 266.25 314.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.30 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.80 314.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 329.96 314.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 379.89 314.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.38 314.10 Td (response ) Tj ET Q q 0 0 0 rg BT 428.09 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.59 314.10 Td (various ) Tj ET Q q 0 0 0 rg BT 470.75 314.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 503.18 314.10 Td (some ) Tj ET Q q 0 0 0 rg BT 527.01 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.06 314.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.67 302.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 97.08 302.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.37 302.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 147.17 302.10 Td (In ) Tj ET Q q 0 0 0 rg BT 158.46 302.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 194.20 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.95 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.13 302.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 250.30 302.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 291.60 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.34 302.10 Td (this ) Tj ET Q q 0 0 0 rg BT 319.76 302.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 345.50 302.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 382.35 302.10 Td (section ) Tj ET Q q 0 0 0 rg BT 413.64 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.04 302.10 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 473.98 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.73 302.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.03 302.10 Td (filings ) Tj ET Q q 0 0 0 rg BT 529.55 302.10 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 302.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 72.84 290.10 Td (these ) Tj ET Q q 0 0 0 rg BT 95.89 290.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 125.59 290.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 273.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 273.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.38 273.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.64 273.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 214.67 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.60 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.32 273.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.59 273.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 339.61 273.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.44 273.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 380.71 273.10 Td (companies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 256.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 256.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 150.53 256.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 203.55 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.38 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.10 256.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 256.59 256.10 Td (markets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 239.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 239.10 Td (number ) Tj ET Q q 0 0 0 rg BT 153.31 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 239.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 191.63 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.46 239.10 Td (common ) Tj ET Q q 0 0 0 rg BT 244.96 239.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.57 239.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 303.84 239.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 333.00 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.94 239.10 Td (available ) Tj ET Q q 0 0 0 rg BT 388.53 239.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.69 239.10 Td (trading;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 222.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 222.10 Td (threatened ) Tj ET Q q 0 0 0 rg BT 149.69 222.10 Td (or ) Tj ET Q q 0 0 0 rg BT 160.52 222.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 186.89 222.10 Td (litigation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 205.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 205.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 140.26 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.54 205.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 171.37 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.20 205.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 229.13 205.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 262.17 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.45 205.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.28 205.10 Td (solutions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 188.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 188.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.49 188.10 Td (major ) Tj ET Q q 0 0 0 rg BT 148.31 188.10 Td (change ) Tj ET Q q 0 0 0 rg BT 179.13 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.41 188.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.24 188.10 Td (board ) Tj ET Q q 0 0 0 rg BT 230.51 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.34 188.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 278.82 188.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.65 188.10 Td (management;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 171.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 171.10 Td (publication ) Tj ET Q q 0 0 0 rg BT 153.17 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.13 171.10 Td (research ) Tj ET Q q 0 0 0 rg BT 200.06 171.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 230.46 171.10 Td (about ) Tj ET Q q 0 0 0 rg BT 255.30 171.10 Td (us ) Tj ET Q q 0 0 0 rg BT 266.82 171.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.78 171.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.74 171.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 329.15 171.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.11 171.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 374.40 171.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.36 171.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 421.86 171.10 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 495.58 171.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.53 171.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 554.15 171.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 159.10 Td (research ) Tj ET Q q 0 0 0 rg BT 141.36 159.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 179.94 159.10 Td (by ) Tj ET Q q 0 0 0 rg BT 192.44 159.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 232.70 159.10 Td (analysts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 142.10 Td (lar) Tj ET Q q 0 0 0 rg BT 115.92 142.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 127.85 142.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 164.24 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.07 142.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 197.01 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.84 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.67 142.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 251.16 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.99 142.10 Td (common ) Tj ET Q q 0 0 0 rg BT 299.49 142.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 323.09 142.10 Td (by ) Tj ET Q q 0 0 0 rg BT 335.59 142.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 369.76 142.10 Td (stockholders; ) Tj ET Q q 0 0 0 rg BT 425.58 142.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 125.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 125.10 Td (general ) Tj ET Q q 0 0 0 rg BT 137.47 125.10 Td (political ) Tj ET Q q 0 0 0 rg BT 172.74 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.68 125.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 231.05 125.10 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 108.10 Td (In ) Tj ET Q q 0 0 0 rg BT 85.32 108.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 124.08 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.79 108.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 164.39 108.10 Td (market ) Tj ET Q q 0 0 0 rg BT 195.64 108.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.91 108.10 Td (general ) Tj ET Q q 0 0 0 rg BT 239.83 108.10 Td (has ) Tj ET Q q 0 0 0 rg BT 256.65 108.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 308.44 108.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 344.13 108.10 Td (price ) Tj ET Q q 0 0 0 rg BT 367.61 108.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.53 108.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 419.02 108.10 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 472.22 108.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 515.15 108.10 Td (class ) Tj ET Q q 0 0 0 rg BT 538.07 108.10 Td (action ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 88.00 96.10 Td (has ) Tj ET Q q 0 0 0 rg BT 103.71 96.10 Td (often ) Tj ET Q q 0 0 0 rg BT 126.65 96.10 Td (been ) Tj ET Q q 0 0 0 rg BT 147.91 96.10 Td (instituted ) Tj ET Q q 0 0 0 rg BT 187.52 96.10 Td (against ) Tj ET Q q 0 0 0 rg BT 218.24 96.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 263.39 96.10 Td (following ) Tj ET Q q 0 0 0 rg BT 304.66 96.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 336.49 96.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.21 96.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 385.70 96.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.87 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.47 96.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 440.62 96.10 Td (market ) Tj ET Q q 0 0 0 rg BT 470.77 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.60 96.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.77 96.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.37 96.10 Td (market ) Tj ET Q q 0 0 0 rg BT 542.52 96.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 84.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.57 84.10 Td (company) Tj ET Q q 0 0 0 rg BT 107.01 84.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.55 84.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 156.28 84.10 Td (This ) Tj ET Q q 0 0 0 rg BT 176.71 84.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 217.97 84.10 Td (if ) Tj ET Q q 0 0 0 rg BT 226.73 84.10 Td (instituted ) Tj ET Q q 0 0 0 rg BT 266.60 84.10 Td (against ) Tj ET Q q 0 0 0 rg BT 297.58 84.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 311.63 84.10 Td (could ) Tj ET Q q 0 0 0 rg BT 336.50 84.10 Td (result ) Tj ET Q q 0 0 0 rg BT 361.37 84.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.80 84.10 Td (very ) Tj ET Q q 0 0 0 rg BT 392.22 84.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 437.65 84.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 462.80 84.10 Td (divert ) Tj ET Q q 0 0 0 rg BT 488.78 84.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.76 84.10 Td (management) Tj ET Q q 0 0 0 rg BT 558.63 84.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 86.99 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.93 72.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 144.19 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.13 72.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 184.17 72.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.00 72.10 Td (business.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.46 740.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 105.18 740.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 144.69 740.25 Td (results ) Tj ET Q q 0 0 0 rg BT 174.20 740.25 Td (may ) Tj ET Q q 0 0 0 rg BT 193.70 740.25 Td (be ) Tj ET Q q 0 0 0 rg BT 205.42 740.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 246.01 740.25 Td (af) Tj ET Q q 0 0 0 rg BT 254.16 740.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 280.87 740.25 Td (by ) Tj ET Q q 0 0 0 rg BT 292.59 740.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 328.76 740.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.38 740.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 387.78 740.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 430.62 740.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 471.23 740.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 509.04 740.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.67 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.73 740.25 Td (United ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (States. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 711.25 Td (Generally ) Tj ET Q q 0 0 0 rg BT 116.44 711.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 154.92 711.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 202.31 711.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 245.26 711.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.55 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.28 711.25 Td (United ) Tj ET Q q 0 0 0 rg BT 303.01 711.25 Td (States ) Tj ET Q q 0 0 0 rg BT 330.42 711.25 Td (are ) Tj ET Q q 0 0 0 rg BT 346.14 711.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 377.98 711.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.27 711.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 446.65 711.25 Td (by ) Tj ET Q q 0 0 0 rg BT 460.17 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.90 711.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 515.85 711.25 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 91.74 699.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 118.97 699.25 Td (\(F) Tj ET Q q 0 0 0 rg BT 127.12 699.25 Td (ASB\), ) Tj ET Q q 0 0 0 rg BT 155.20 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.21 699.25 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 193.85 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.09 699.25 Td (various ) Tj ET Q q 0 0 0 rg BT 243.32 699.25 Td (bodies ) Tj ET Q q 0 0 0 rg BT 272.23 699.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 303.90 699.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.48 699.25 Td (promulgate ) Tj ET Q q 0 0 0 rg BT 362.81 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.05 699.25 Td (interpret ) Tj ET Q q 0 0 0 rg BT 416.72 699.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 465.05 699.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 511.72 699.25 Td (principles. ) Tj ET Q q 0 0 0 rg BT 555.83 699.25 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 699.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (change ) Tj ET Q q 0 0 0 rg BT 80.39 687.25 Td (in ) Tj ET Q q 0 0 0 rg BT 90.74 687.25 Td (these ) Tj ET Q q 0 0 0 rg BT 113.85 687.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 155.86 687.25 Td (or ) Tj ET Q q 0 0 0 rg BT 166.76 687.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 227.09 687.25 Td (could ) Tj ET Q q 0 0 0 rg BT 251.88 687.25 Td (have ) Tj ET Q q 0 0 0 rg BT 273.32 687.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.33 687.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 325.12 687.25 Td (ef) Tj ET Q q 0 0 0 rg BT 332.70 687.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 350.26 687.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.83 687.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.73 687.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 414.62 687.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 452.17 687.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 483.35 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.36 687.25 Td (could ) Tj ET Q q 0 0 0 rg BT 525.14 687.25 Td (af) Tj ET Q q 0 0 0 rg BT 532.73 687.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 550.29 687.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.47 675.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.11 675.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 149.19 675.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 193.16 675.25 Td (before ) Tj ET Q q 0 0 0 rg BT 221.01 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.54 675.25 Td (announcement ) Tj ET Q q 0 0 0 rg BT 296.17 675.25 Td (of ) Tj ET Q q 0 0 0 rg BT 306.81 675.25 Td (a ) Tj ET Q q 0 0 0 rg BT 313.56 675.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 346.69 675.25 Td (For ) Tj ET Q q 0 0 0 rg BT 362.90 675.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 401.58 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.12 675.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 453.43 675.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.56 675.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 485.33 675.25 Td (606, ) Tj ET Q q 0 0 0 rg BT 505.14 675.25 Td (a ) Tj ET Q q 0 0 0 rg BT 511.89 675.25 Td (new ) Tj ET Q q 0 0 0 rg BT 530.87 675.25 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 97.72 663.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 134.28 663.25 Td (which ) Tj ET Q q 0 0 0 rg BT 161.40 663.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 199.07 663.25 Td (ef) Tj ET Q q 0 0 0 rg BT 206.66 663.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 236.54 663.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.00 663.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 271.34 663.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 296.52 663.25 Td (could ) Tj ET Q q 0 0 0 rg BT 321.42 663.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 351.32 663.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.22 663.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 395.01 663.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.02 663.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 454.25 663.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.26 663.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 495.14 663.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 529.47 663.25 Td (streams, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.11 651.25 Td (well ) Tj ET Q q 0 0 0 rg BT 79.60 651.25 Td (as ) Tj ET Q q 0 0 0 rg BT 90.21 651.25 Td (how ) Tj ET Q q 0 0 0 rg BT 109.71 651.25 Td (we ) Tj ET Q q 0 0 0 rg BT 123.64 651.25 Td (account ) Tj ET Q q 0 0 0 rg BT 157.01 651.25 Td (for ) Tj ET Q q 0 0 0 rg BT 170.95 651.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 200.43 651.25 Td (commissions. ) Tj ET Q q 0 0 0 rg BT 257.43 651.25 Td (Further) Tj ET Q q 0 0 0 rg BT 286.47 651.25 Td (, ) Tj ET Q q 0 0 0 rg BT 291.25 651.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.74 651.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 349.67 651.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.38 651.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 431.42 651.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.03 651.25 Td (new ) Tj ET Q q 0 0 0 rg BT 460.97 651.25 Td (standards, ) Tj ET Q q 0 0 0 rg BT 503.51 651.25 Td (including ) Tj ET Q q 0 0 0 rg BT 543.06 651.25 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.25 Td (606, ) Tj ET Q q 0 0 0 rg BT 69.50 639.25 Td (may ) Tj ET Q q 0 0 0 rg BT 89.22 639.25 Td (require ) Tj ET Q q 0 0 0 rg BT 120.03 639.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 162.52 639.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 202.78 639.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.72 639.25 Td (system ) Tj ET Q q 0 0 0 rg BT 250.00 639.25 Td (configurations ) Tj ET Q q 0 0 0 rg BT 310.26 639.25 Td (that ) Tj ET Q q 0 0 0 rg BT 327.76 639.25 Td (could ) Tj ET Q q 0 0 0 rg BT 352.47 639.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 387.73 639.25 Td (our ) Tj ET Q q 0 0 0 rg BT 403.56 639.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 443.82 639.25 Td (costs.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 618.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.16 618.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 91.25 618.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 139.34 618.25 Td (program ) Tj ET Q q 0 0 0 rg BT 176.88 618.25 Td (may ) Tj ET Q q 0 0 0 rg BT 196.08 618.25 Td (be ) Tj ET Q q 0 0 0 rg BT 207.50 618.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 252.27 618.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.14 618.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 309.56 618.25 Td (at ) Tj ET Q q 0 0 0 rg BT 319.32 618.25 Td (any ) Tj ET Q q 0 0 0 rg BT 336.31 618.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 358.56 618.25 Td (which ) Tj ET Q q 0 0 0 rg BT 385.55 618.25 Td (may ) Tj ET Q q 0 0 0 rg BT 404.75 618.25 Td (result ) Tj ET Q q 0 0 0 rg BT 430.07 618.25 Td (in ) Tj ET Q q 0 0 0 rg BT 440.39 618.25 Td (a ) Tj ET Q q 0 0 0 rg BT 447.37 618.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 484.89 618.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.21 618.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.97 618.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 541.96 618.25 Td (price ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 606.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 606.25 Td (our ) Tj ET Q q 0 0 0 rg BT 77.28 606.25 Td (common ) Tj ET Q q 0 0 0 rg BT 115.34 606.25 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 589.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.45 589.25 Td (board ) Tj ET Q q 0 0 0 rg BT 116.61 589.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.33 589.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 164.71 589.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 209.32 589.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 248.92 589.25 Td (a ) Tj ET Q q 0 0 0 rg BT 255.76 589.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 279.26 589.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 324.96 589.25 Td (program ) Tj ET Q q 0 0 0 rg BT 361.23 589.25 Td (under ) Tj ET Q q 0 0 0 rg BT 386.39 589.25 Td (which ) Tj ET Q q 0 0 0 rg BT 413.22 589.25 Td (we ) Tj ET Q q 0 0 0 rg BT 427.28 589.25 Td (are ) Tj ET Q q 0 0 0 rg BT 441.88 589.25 Td (authorized ) Tj ET Q q 0 0 0 rg BT 486.48 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.65 589.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 542.35 589.25 Td (up ) Tj ET Q q 0 0 0 rg BT 554.74 589.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.25 Td ($75.0 ) Tj ET Q q 0 0 0 rg BT 74.52 577.25 Td (million ) Tj ET Q q 0 0 0 rg BT 105.92 577.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.77 577.25 Td (our ) Tj ET Q q 0 0 0 rg BT 132.62 577.25 Td (common ) Tj ET Q q 0 0 0 rg BT 170.13 577.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 193.75 577.25 Td (over ) Tj ET Q q 0 0 0 rg BT 214.04 577.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.99 577.25 Td (36-month ) Tj ET Q q 0 0 0 rg BT 262.39 577.25 Td (period ) Tj ET Q q 0 0 0 rg BT 290.46 577.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 320.19 577.25 Td (in ) Tj ET Q q 0 0 0 rg BT 330.48 577.25 Td (May ) Tj ET Q q 0 0 0 rg BT 351.33 577.25 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.35 577.25 Td ($42.8 ) Tj ET Q q 0 0 0 rg BT 401.36 577.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.25 577.25 Td ( ) Tj ET Q q 0 0 0 rg BT 432.77 577.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.62 577.25 Td (which ) Tj ET Q q 0 0 0 rg BT 470.57 577.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 504.74 577.25 Td (available ) Tj ET Q q 0 0 0 rg BT 543.35 577.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.19 577.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.81 565.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.81 565.25 Td (. ) Tj ET Q q 0 0 0 rg BT 132.53 565.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 154.75 565.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 178.08 565.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 227.50 565.25 Td (may ) Tj ET Q q 0 0 0 rg BT 246.94 565.25 Td (be ) Tj ET Q q 0 0 0 rg BT 258.60 565.25 Td (limited, ) Tj ET Q q 0 0 0 rg BT 291.65 565.25 Td (suspended, ) Tj ET Q q 0 0 0 rg BT 338.03 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.58 565.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 393.56 565.25 Td (at ) Tj ET Q q 0 0 0 rg BT 403.00 565.25 Td (any ) Tj ET Q q 0 0 0 rg BT 419.66 565.25 Td (time ) Tj ET Q q 0 0 0 rg BT 439.66 565.25 Td (without ) Tj ET Q q 0 0 0 rg BT 472.43 565.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 494.09 565.25 Td (notice. ) Tj ET Q q 0 0 0 rg BT 523.09 565.25 Td (There ) Tj ET Q q 0 0 0 rg BT 548.63 565.25 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.65 553.25 Td (no ) Tj ET Q q 0 0 0 rg BT 74.37 553.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 115.95 553.25 Td (that ) Tj ET Q q 0 0 0 rg BT 133.66 553.25 Td (we ) Tj ET Q q 0 0 0 rg BT 148.04 553.25 Td (will ) Tj ET Q q 0 0 0 rg BT 166.31 553.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 212.33 553.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 255.03 553.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 282.74 553.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.78 553.25 Td (our ) Tj ET Q q 0 0 0 rg BT 309.83 553.25 Td (common ) Tj ET Q q 0 0 0 rg BT 347.54 553.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 371.36 553.25 Td (under ) Tj ET Q q 0 0 0 rg BT 396.84 553.25 Td (our ) Tj ET Q q 0 0 0 rg BT 412.89 553.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 436.71 553.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 482.73 553.25 Td (program ) Tj ET Q q 0 0 0 rg BT 519.32 553.25 Td (or ) Tj ET Q q 0 0 0 rg BT 530.37 553.25 Td (that ) Tj ET Q q 0 0 0 rg BT 548.08 553.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.91 541.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 125.64 541.25 Td (will ) Tj ET Q q 0 0 0 rg BT 143.73 541.25 Td (have ) Tj ET Q q 0 0 0 rg BT 165.14 541.25 Td (a ) Tj ET Q q 0 0 0 rg BT 172.12 541.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 206.32 541.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 236.06 541.25 Td (on ) Tj ET Q q 0 0 0 rg BT 248.60 541.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.35 541.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 294.21 541.25 Td (price ) Tj ET Q q 0 0 0 rg BT 316.73 541.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.59 541.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.46 541.25 Td (common ) Tj ET Q q 0 0 0 rg BT 380.98 541.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 404.63 541.25 Td (or ) Tj ET Q q 0 0 0 rg BT 415.49 541.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 451.90 541.25 Td (per ) Tj ET Q q 0 0 0 rg BT 467.21 541.25 Td (share. ) Tj ET Q q 0 0 0 rg BT 493.34 541.25 Td (Important ) Tj ET Q q 0 0 0 rg BT 535.31 541.25 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.25 Td (that ) Tj ET Q q 0 0 0 rg BT 68.26 529.25 Td (could ) Tj ET Q q 0 0 0 rg BT 94.24 529.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 120.21 529.25 Td (us ) Tj ET Q q 0 0 0 rg BT 132.87 529.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.41 529.25 Td (limit, ) Tj ET Q q 0 0 0 rg BT 169.56 529.25 Td (suspend ) Tj ET Q q 0 0 0 rg BT 205.55 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 217.64 529.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 259.16 529.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.26 529.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 301.13 529.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 348.20 529.25 Td (program ) Tj ET Q q 0 0 0 rg BT 385.84 529.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 421.54 529.25 Td (among ) Tj ET Q q 0 0 0 rg BT 452.52 529.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 483.22 529.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 534.74 529.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 517.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 96.23 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.01 517.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 141.89 517.25 Td (price ) Tj ET Q q 0 0 0 rg BT 164.44 517.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.33 517.25 Td (our ) Tj ET Q q 0 0 0 rg BT 191.23 517.25 Td (common ) Tj ET Q q 0 0 0 rg BT 228.79 517.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 254.96 517.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.74 517.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 297.28 517.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.18 517.25 Td (other ) Tj ET Q q 0 0 0 rg BT 331.29 517.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 377.73 517.25 Td (or ) Tj ET Q q 0 0 0 rg BT 388.62 517.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 425.06 517.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 480.39 517.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 521.27 517.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.61 517.25 Td (us ) Tj ET Q q 0 0 0 rg BT 543.07 517.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.25 Td (time ) Tj ET Q q 0 0 0 rg BT 69.63 505.25 Td (to ) Tj ET Q q 0 0 0 rg BT 79.77 505.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 102.40 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.98 505.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 134.32 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.01 505.25 Td (dilution ) Tj ET Q q 0 0 0 rg BT 178.48 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.17 505.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.86 505.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 232.21 505.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 290.11 505.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 332.74 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.31 505.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 394.66 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.34 505.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 443.24 505.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 470.32 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.11 505.25 Td (our ) Tj ET Q q 0 0 0 rg BT 502.80 505.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 530.71 505.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.85 505.25 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.25 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 99.56 493.25 Td (timely) Tj ET Q q 0 0 0 rg BT 124.46 493.25 Td (, ) Tj ET Q q 0 0 0 rg BT 128.98 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.44 493.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 186.89 493.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 226.13 493.25 Td (as ) Tj ET Q q 0 0 0 rg BT 236.48 493.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.28 493.25 Td (when, ) Tj ET Q q 0 0 0 rg BT 272.47 493.25 Td (how) Tj ET Q q 0 0 0 rg BT 289.04 493.25 Td (, ) Tj ET Q q 0 0 0 rg BT 293.56 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.03 493.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 344.26 493.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.06 493.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 391.62 493.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 418.64 493.25 Td (under ) Tj ET Q q 0 0 0 rg BT 443.43 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.67 493.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 480.80 493.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 526.13 493.25 Td (program. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.25 Td (If ) Tj ET Q q 0 0 0 rg BT 58.66 481.25 Td (we ) Tj ET Q q 0 0 0 rg BT 72.82 481.25 Td (limit, ) Tj ET Q q 0 0 0 rg BT 96.71 481.25 Td (suspend ) Tj ET Q q 0 0 0 rg BT 131.43 481.25 Td (or ) Tj ET Q q 0 0 0 rg BT 142.26 481.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 182.52 481.25 Td (our ) Tj ET Q q 0 0 0 rg BT 198.35 481.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.96 481.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 267.77 481.25 Td (program, ) Tj ET Q q 0 0 0 rg BT 306.64 481.25 Td (our ) Tj ET Q q 0 0 0 rg BT 322.47 481.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 346.08 481.25 Td (price ) Tj ET Q q 0 0 0 rg BT 368.57 481.25 Td (may ) Tj ET Q q 0 0 0 rg BT 388.28 481.25 Td (be ) Tj ET Q q 0 0 0 rg BT 400.22 481.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 444.37 481.25 Td (af) Tj ET Q q 0 0 0 rg BT 451.96 481.25 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.92 460.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 102.00 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 114.08 460.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 151.18 460.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 187.72 460.25 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 238.70 460.25 Td (publishing ) Tj ET Q q 0 0 0 rg BT 285.80 460.25 Td (research ) Tj ET Q q 0 0 0 rg BT 324.55 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 336.64 460.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 370.40 460.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 417.48 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.57 460.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 482.77 460.25 Td (research ) Tj ET Q q 0 0 0 rg BT 521.51 460.25 Td (about ) Tj ET Q q 0 0 0 rg BT 548.05 460.25 Td (our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 89.51 448.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.47 448.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 130.08 448.25 Td (price ) Tj ET Q q 0 0 0 rg BT 153.12 448.25 Td (could ) Tj ET Q q 0 0 0 rg BT 178.40 448.25 Td (decline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 431.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.01 431.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 123.30 431.25 Td (market ) Tj ET Q q 0 0 0 rg BT 154.03 431.25 Td (for ) Tj ET Q q 0 0 0 rg BT 168.66 431.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.96 431.25 Td (common ) Tj ET Q q 0 0 0 rg BT 222.92 431.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 246.99 431.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 282.73 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.47 431.25 Td (part ) Tj ET Q q 0 0 0 rg BT 311.99 431.25 Td (on ) Tj ET Q q 0 0 0 rg BT 324.95 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.14 431.25 Td (research ) Tj ET Q q 0 0 0 rg BT 376.41 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.81 431.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 424.55 431.25 Td (that ) Tj ET Q q 0 0 0 rg BT 442.51 431.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 483.24 431.25 Td (or ) Tj ET Q q 0 0 0 rg BT 494.54 431.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 530.28 431.25 Td (analysts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 82.46 419.25 Td (about ) Tj ET Q q 0 0 0 rg BT 108.19 419.25 Td (us ) Tj ET Q q 0 0 0 rg BT 120.60 419.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.44 419.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.28 419.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 189.19 419.25 Td (If ) Tj ET Q q 0 0 0 rg BT 199.36 419.25 Td (one ) Tj ET Q q 0 0 0 rg BT 217.31 419.25 Td (or ) Tj ET Q q 0 0 0 rg BT 229.16 419.25 Td (more ) Tj ET Q q 0 0 0 rg BT 253.22 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.06 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.79 419.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 316.52 419.25 Td (who ) Tj ET Q q 0 0 0 rg BT 337.25 419.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 362.97 419.25 Td (us ) Tj ET Q q 0 0 0 rg BT 375.38 419.25 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 423.32 419.25 Td (our ) Tj ET Q q 0 0 0 rg BT 440.16 419.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 464.79 419.25 Td (or ) Tj ET Q q 0 0 0 rg BT 476.63 419.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 509.59 419.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 554.18 419.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 99.72 407.25 Td (research ) Tj ET Q q 0 0 0 rg BT 135.49 407.25 Td (about ) Tj ET Q q 0 0 0 rg BT 160.17 407.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.97 407.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 214.83 407.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.62 407.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 254.20 407.25 Td (price ) Tj ET Q q 0 0 0 rg BT 276.65 407.25 Td (would ) Tj ET Q q 0 0 0 rg BT 304.11 407.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 329.35 407.25 Td (decline. ) Tj ET Q q 0 0 0 rg BT 363.19 407.25 Td (If ) Tj ET Q q 0 0 0 rg BT 372.32 407.25 Td (one ) Tj ET Q q 0 0 0 rg BT 389.22 407.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.02 407.25 Td (more ) Tj ET Q q 0 0 0 rg BT 423.03 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.83 407.25 Td (these ) Tj ET Q q 0 0 0 rg BT 456.84 407.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 491.52 407.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 515.63 407.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 554.18 407.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.12 395.25 Td (company ) Tj ET Q q 0 0 0 rg BT 104.07 395.25 Td (or ) Tj ET Q q 0 0 0 rg BT 114.70 395.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 130.32 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.39 395.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 172.13 395.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 202.19 395.25 Td (on ) Tj ET Q q 0 0 0 rg BT 214.49 395.25 Td (us ) Tj ET Q q 0 0 0 rg BT 225.67 395.25 Td (regularly) Tj ET Q q 0 0 0 rg BT 261.12 395.25 Td (, ) Tj ET Q q 0 0 0 rg BT 265.91 395.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 299.86 395.25 Td (for ) Tj ET Q q 0 0 0 rg BT 313.81 395.25 Td (our ) Tj ET Q q 0 0 0 rg BT 329.44 395.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 352.84 395.25 Td (could ) Tj ET Q q 0 0 0 rg BT 377.35 395.25 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 416.56 395.25 Td (which ) Tj ET Q q 0 0 0 rg BT 443.29 395.25 Td (might ) Tj ET Q q 0 0 0 rg BT 468.92 395.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 493.42 395.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.05 395.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 532.45 395.25 Td (price ) Tj ET Q q 0 0 0 rg BT 554.73 395.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.25 Td (decline.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 362.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 83.24 362.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 128.08 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.04 362.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.11 362.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 188.73 362.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 235.79 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.97 362.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 296.03 362.25 Td (law ) Tj ET Q q 0 0 0 rg BT 313.09 362.25 Td (could ) Tj ET Q q 0 0 0 rg BT 338.49 362.25 Td (discourage ) Tj ET Q q 0 0 0 rg BT 386.11 362.25 Td (takeover ) Tj ET Q q 0 0 0 rg BT 423.71 362.25 Td (attempts ) Tj ET Q q 0 0 0 rg BT 460.77 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.95 362.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 498.78 362.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.18 362.25 Td (management ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (entrenchment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 333.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.43 333.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 129.90 333.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.72 333.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 180.20 333.25 Td (certificate ) Tj ET Q q 0 0 0 rg BT 222.54 333.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.25 333.25 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 289.50 333.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.32 333.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 344.79 333.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.61 333.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 395.08 333.25 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 425.79 333.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 457.61 333.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 501.66 333.25 Td (that ) Tj ET Q q 0 0 0 rg BT 519.03 333.25 Td (could ) Tj ET Q q 0 0 0 rg BT 543.63 333.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 321.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 321.25 Td (ef) Tj ET Q q 0 0 0 rg BT 71.80 321.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 89.29 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.12 321.25 Td (delaying ) Tj ET Q q 0 0 0 rg BT 137.05 321.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.88 321.25 Td (preventing ) Tj ET Q q 0 0 0 rg BT 193.15 321.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 227.85 321.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.13 321.25 Td (control ) Tj ET Q q 0 0 0 rg BT 268.96 321.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.79 321.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 314.50 321.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.77 321.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.60 321.25 Td (board ) Tj ET Q q 0 0 0 rg BT 365.87 321.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.70 321.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 416.51 321.25 Td (These ) Tj ET Q q 0 0 0 rg BT 442.88 321.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 487.05 321.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 304.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 304.25 Td (a ) Tj ET Q q 0 0 0 rg BT 111.83 304.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 151.43 304.25 Td (board ) Tj ET Q q 0 0 0 rg BT 176.04 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.20 304.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 223.03 304.25 Td (with ) Tj ET Q q 0 0 0 rg BT 242.64 304.25 Td (three-year ) Tj ET Q q 0 0 0 rg BT 285.01 304.25 Td (staggered ) Tj ET Q q 0 0 0 rg BT 325.16 304.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 351.71 304.25 Td (which ) Tj ET Q q 0 0 0 rg BT 377.99 304.25 Td (may ) Tj ET Q q 0 0 0 rg BT 397.05 304.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 420.54 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.60 304.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 461.99 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.15 304.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 524.54 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.16 304.25 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 292.25 Td (membership ) Tj ET Q q 0 0 0 rg BT 172.20 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.03 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.97 292.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 226.35 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.18 292.25 Td (our ) Tj ET Q q 0 0 0 rg BT 253.01 292.25 Td (board ) Tj ET Q q 0 0 0 rg BT 278.28 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.11 292.25 Td (directors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 275.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 275.25 Td (no ) Tj ET Q q 0 0 0 rg BT 118.11 275.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 165.09 275.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 193.20 275.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.53 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.31 275.25 Td (election ) Tj ET Q q 0 0 0 rg BT 252.51 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.40 275.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 303.44 275.25 Td (which ) Tj ET Q q 0 0 0 rg BT 330.43 275.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 355.77 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.54 275.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 398.65 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.53 275.25 Td (minority ) Tj ET Q q 0 0 0 rg BT 446.53 275.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 499.63 275.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.97 275.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 531.40 275.25 Td (director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 263.25 Td (candidates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 246.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.88 246.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 159.76 246.25 Td (right ) Tj ET Q q 0 0 0 rg BT 180.77 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.21 246.25 Td (our ) Tj ET Q q 0 0 0 rg BT 206.66 246.25 Td (board ) Tj ET Q q 0 0 0 rg BT 231.55 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.99 246.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 279.09 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.99 246.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 309.98 246.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.53 246.25 Td (director ) Tj ET Q q 0 0 0 rg BT 349.74 246.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.64 246.25 Td (fill ) Tj ET Q q 0 0 0 rg BT 373.42 246.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.98 246.25 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 414.85 246.25 Td (created ) Tj ET Q q 0 0 0 rg BT 445.83 246.25 Td (by ) Tj ET Q q 0 0 0 rg BT 457.94 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.28 246.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 514.94 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.39 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.72 246.25 Td (board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 234.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.70 234.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 154.51 234.25 Td (or ) Tj ET Q q 0 0 0 rg BT 165.66 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.70 234.25 Td (resignation, ) Tj ET Q q 0 0 0 rg BT 230.46 234.25 Td (death ) Tj ET Q q 0 0 0 rg BT 254.93 234.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.09 234.25 Td (removal ) Tj ET Q q 0 0 0 rg BT 301.67 234.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.83 234.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.09 234.25 Td (director) Tj ET Q q 0 0 0 rg BT 350.78 234.25 Td (, ) Tj ET Q q 0 0 0 rg BT 356.10 234.25 Td (which ) Tj ET Q q 0 0 0 rg BT 383.36 234.25 Td (prevents ) Tj ET Q q 0 0 0 rg BT 420.06 234.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 473.43 234.25 Td (from ) Tj ET Q q 0 0 0 rg BT 495.69 234.25 Td (being ) Tj ET Q q 0 0 0 rg BT 520.73 234.25 Td (able ) Tj ET Q q 0 0 0 rg BT 540.21 234.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.81 234.25 Td (fill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 222.25 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 146.91 222.25 Td (on ) Tj ET Q q 0 0 0 rg BT 159.41 222.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.24 222.25 Td (board ) Tj ET Q q 0 0 0 rg BT 200.51 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.34 222.25 Td (directors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 205.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 205.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 148.92 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.05 205.25 Td (our ) Tj ET Q q 0 0 0 rg BT 176.18 205.25 Td (board ) Tj ET Q q 0 0 0 rg BT 201.74 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.87 205.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 250.66 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.24 205.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 304.02 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.59 205.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 337.39 205.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.18 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.31 205.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 415.75 205.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 439.65 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.89 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.47 205.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 510.25 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.27 205.25 Td (price ) Tj ET Q q 0 0 0 rg BT 548.05 205.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 193.25 Td (other ) Tj ET Q q 0 0 0 rg BT 128.58 193.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 153.29 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.11 193.25 Td (those ) Tj ET Q q 0 0 0 rg BT 187.70 193.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 217.68 193.25 Td (including ) Tj ET Q q 0 0 0 rg BT 257.94 193.25 Td (preferences ) Tj ET Q q 0 0 0 rg BT 306.50 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.43 193.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 351.48 193.25 Td (rights, ) Tj ET Q q 0 0 0 rg BT 379.24 193.25 Td (without ) Tj ET Q q 0 0 0 rg BT 412.29 193.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 461.43 193.25 Td (approval, ) Tj ET Q q 0 0 0 rg BT 501.40 193.25 Td (which ) Tj ET Q q 0 0 0 rg BT 528.33 193.25 Td (could ) Tj ET Q q 0 0 0 rg BT 553.03 193.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 181.25 Td (used ) Tj ET Q q 0 0 0 rg BT 126.38 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.66 181.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 189.15 181.25 Td (dilute ) Tj ET Q q 0 0 0 rg BT 214.42 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.14 181.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 273.30 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.13 181.25 Td (a ) Tj ET Q q 0 0 0 rg BT 291.07 181.25 Td (hostile ) Tj ET Q q 0 0 0 rg BT 320.23 181.25 Td (acquirer;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 164.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 164.25 Td (a ) Tj ET Q q 0 0 0 rg BT 112.49 164.25 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 159.44 164.25 Td (on ) Tj ET Q q 0 0 0 rg BT 171.95 164.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 221.11 164.25 Td (action ) Tj ET Q q 0 0 0 rg BT 248.05 164.25 Td (by ) Tj ET Q q 0 0 0 rg BT 260.56 164.25 Td (written ) Tj ET Q q 0 0 0 rg BT 291.39 164.25 Td (consent, ) Tj ET Q q 0 0 0 rg BT 326.94 164.25 Td (which ) Tj ET Q q 0 0 0 rg BT 353.89 164.25 Td (forces ) Tj ET Q q 0 0 0 rg BT 380.82 164.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 429.99 164.25 Td (action ) Tj ET Q q 0 0 0 rg BT 456.93 164.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.21 164.25 Td (be ) Tj ET Q q 0 0 0 rg BT 479.15 164.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 503.32 164.25 Td (at ) Tj ET Q q 0 0 0 rg BT 513.04 164.25 Td (an ) Tj ET Q q 0 0 0 rg BT 524.98 164.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 554.15 164.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 152.25 Td (special ) Tj ET Q q 0 0 0 rg BT 135.81 152.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 170.53 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.36 152.25 Td (our ) Tj ET Q q 0 0 0 rg BT 197.19 152.25 Td (stockholders;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 135.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 135.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.94 135.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 170.42 135.25 Td (that ) Tj ET Q q 0 0 0 rg BT 187.59 135.25 Td (a ) Tj ET Q q 0 0 0 rg BT 194.20 135.25 Td (special ) Tj ET Q q 0 0 0 rg BT 224.13 135.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 258.52 135.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.02 135.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 321.74 135.25 Td (may ) Tj ET Q q 0 0 0 rg BT 341.13 135.25 Td (be ) Tj ET Q q 0 0 0 rg BT 352.74 135.25 Td (called ) Tj ET Q q 0 0 0 rg BT 378.78 135.25 Td (only ) Tj ET Q q 0 0 0 rg BT 398.73 135.25 Td (by ) Tj ET Q q 0 0 0 rg BT 410.90 135.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.29 135.25 Td (chairman ) Tj ET Q q 0 0 0 rg BT 464.67 135.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.17 135.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.56 135.25 Td (board ) Tj ET Q q 0 0 0 rg BT 514.50 135.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.00 135.25 Td (directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.35 123.25 Td (chief ) Tj ET Q q 0 0 0 rg BT 142.93 123.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 183.82 123.25 Td (of) Tj ET Q q 0 0 0 rg BT 191.97 123.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 209.89 123.25 Td (, ) Tj ET Q q 0 0 0 rg BT 214.97 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.78 123.25 Td (president ) Tj ET Q q 0 0 0 rg BT 269.02 123.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.94 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.74 123.25 Td (board ) Tj ET Q q 0 0 0 rg BT 320.10 123.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.01 123.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 371.09 123.25 Td (which ) Tj ET Q q 0 0 0 rg BT 398.11 123.25 Td (may ) Tj ET Q q 0 0 0 rg BT 417.92 123.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 442.16 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.96 123.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 485.10 123.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.02 123.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.93 123.25 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 111.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.83 111.25 Td (force ) Tj ET Q q 0 0 0 rg BT 138.87 111.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 195.24 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.07 111.25 Td (a ) Tj ET Q q 0 0 0 rg BT 213.01 111.25 Td (proposal ) Tj ET Q q 0 0 0 rg BT 249.94 111.25 Td (or ) Tj ET Q q 0 0 0 rg BT 260.77 111.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.05 111.25 Td (take ) Tj ET Q q 0 0 0 rg BT 290.21 111.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 319.64 111.25 Td (including ) Tj ET Q q 0 0 0 rg BT 359.92 111.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.63 111.25 Td (removal ) Tj ET Q q 0 0 0 rg BT 409.90 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.73 111.25 Td (directors; ) Tj ET Q q 0 0 0 rg BT 460.99 111.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 94.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 94.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 141.73 94.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 169.59 94.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 216.88 94.25 Td (that ) Tj ET Q q 0 0 0 rg BT 235.31 94.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 289.28 94.25 Td (must ) Tj ET Q q 0 0 0 rg BT 312.16 94.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 345.58 94.25 Td (with ) Tj ET Q q 0 0 0 rg BT 366.78 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.99 94.25 Td (order ) Tj ET Q q 0 0 0 rg BT 402.51 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.72 94.25 Td (nominate ) Tj ET Q q 0 0 0 rg BT 454.36 94.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 499.99 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.19 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.95 94.25 Td (board ) Tj ET Q q 0 0 0 rg BT 554.14 94.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 82.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 142.34 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 152.47 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.05 82.25 Td (propose ) Tj ET Q q 0 0 0 rg BT 195.51 82.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 226.74 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.32 82.25 Td (be ) Tj ET Q q 0 0 0 rg BT 247.56 82.25 Td (acted ) Tj ET Q q 0 0 0 rg BT 270.45 82.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 292.26 82.25 Td (at ) Tj ET Q q 0 0 0 rg BT 301.27 82.25 Td (a ) Tj ET Q q 0 0 0 rg BT 307.51 82.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 360.65 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.45 82.25 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 398.96 82.25 Td (which ) Tj ET Q q 0 0 0 rg BT 425.20 82.25 Td (may ) Tj ET Q q 0 0 0 rg BT 444.22 82.25 Td (discourage ) Tj ET Q q 0 0 0 rg BT 489.33 82.25 Td (or ) Tj ET Q q 0 0 0 rg BT 499.46 82.25 Td (deter ) Tj ET Q q 0 0 0 rg BT 521.25 82.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.49 82.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 70.25 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 139.84 70.25 Td (from ) Tj ET Q q 0 0 0 rg BT 160.82 70.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 206.79 70.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.77 70.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 258.74 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.61 70.25 Td (proxies ) Tj ET Q q 0 0 0 rg BT 299.59 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.90 70.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 329.31 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.07 70.25 Td (acquirer) Tj ET Q q 0 0 0 rg BT 376.19 70.25 Td () Tj ET Q q 0 0 0 rg BT 378.97 70.25 Td (s ) Tj ET Q q 0 0 0 rg BT 384.40 70.25 Td (own ) Tj ET Q q 0 0 0 rg BT 403.16 70.25 Td (slate ) Tj ET Q q 0 0 0 rg BT 423.03 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.89 70.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 469.42 70.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.29 70.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 519.70 70.25 Td (attempting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.55 58.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.83 58.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 143.32 58.25 Td (control ) Tj ET Q q 0 0 0 rg BT 174.15 58.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.98 58.25 Td (us.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.92 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.47 740.10 Td (also ) Tj ET Q q 0 0 0 rg BT 121.92 740.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 152.58 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.70 740.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.25 740.10 Td (anti-takeover ) Tj ET Q q 0 0 0 rg BT 247.34 740.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 291.35 740.10 Td (under ) Tj ET Q q 0 0 0 rg BT 316.46 740.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 357.10 740.10 Td (law) Tj ET Q q 0 0 0 rg BT 370.89 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 375.73 740.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 403.07 740.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 443.71 740.10 Td (law) Tj ET Q q 0 0 0 rg BT 457.50 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.34 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.12 740.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 517.56 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 537.12 740.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 554.74 740.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 83.65 728.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 114.19 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.19 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.86 728.10 Td (business ) Tj ET Q q 0 0 0 rg BT 166.98 728.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 219.19 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 239.20 728.10 Td (any ) Tj ET Q q 0 0 0 rg BT 255.86 728.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 283.63 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.19 728.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 314.74 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.30 728.10 Td (more ) Tj ET Q q 0 0 0 rg BT 348.07 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.63 728.10 Td (its ) Tj ET Q q 0 0 0 rg BT 370.30 728.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 399.18 728.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 422.51 728.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 449.74 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.18 728.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 491.95 728.10 Td (has ) Tj ET Q q 0 0 0 rg BT 507.51 728.10 Td (held ) Tj ET Q q 0 0 0 rg BT 526.95 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 728.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 716.10 Td (three ) Tj ET Q q 0 0 0 rg BT 86.15 716.10 Td (years ) Tj ET Q q 0 0 0 rg BT 109.74 716.10 Td (or) Tj ET Q q 0 0 0 rg BT 117.67 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 122.67 716.10 Td (among ) Tj ET Q q 0 0 0 rg BT 152.39 716.10 Td (other ) Tj ET Q q 0 0 0 rg BT 175.44 716.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 204.89 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.60 716.10 Td (board ) Tj ET Q q 0 0 0 rg BT 244.87 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.70 716.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 293.19 716.10 Td (has ) Tj ET Q q 0 0 0 rg BT 309.02 716.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 348.72 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.44 716.10 Td (transaction.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 681.28 Td (ITEM1B.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 681.28 Td (UNRESOLVED STAFF COMMENTS) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 660.10 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 625.28 Td (ITEM2.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 625.28 Td (PROPERTIES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 604.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.17 604.10 Td (following ) Tj ET Q q 0 0 0 rg BT 131.17 604.10 Td (table ) Tj ET Q q 0 0 0 rg BT 152.72 604.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 169.84 604.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 191.40 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.74 604.10 Td (location ) Tj ET Q q 0 0 0 rg BT 240.07 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.63 604.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 308.73 604.10 Td (square ) Tj ET Q q 0 0 0 rg BT 336.94 604.10 Td (footage ) Tj ET Q q 0 0 0 rg BT 369.05 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.50 604.10 Td (each ) Tj ET Q q 0 0 0 rg BT 399.93 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.38 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.83 604.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.49 604.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 507.63 604.10 Td (All ) Tj ET Q q 0 0 0 rg BT 522.53 604.10 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 592.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 91.69 592.10 Td (under ) Tj ET Q q 0 0 0 rg BT 116.96 592.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 157.22 592.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 183.60 592.10 Td (that ) Tj ET Q q 0 0 0 rg BT 201.10 592.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 228.58 592.10 Td (at ) Tj ET Q q 0 0 0 rg BT 238.30 592.10 Td (various ) Tj ET Q q 0 0 0 rg BT 270.24 592.10 Td (times ) Tj ET Q q 0 0 0 rg BT 294.40 592.10 Td (through ) Tj ET Q q 0 0 0 rg BT 328.01 592.10 Td (2025.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 561.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 561.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 561.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 561.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 536.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 536.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 536.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 511.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 511.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 511.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 511.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 511.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 486.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 486.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 486.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 461.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 461.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 461.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 436.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 436.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 436.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 436.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 436.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 411.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 411.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 411.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 386.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.00 386.60 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 386.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 386.60 168.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 561.6 m 218 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222 561.6 m 390 561.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 561.6 m 562 561.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.70 566.27 Td (Location) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.35 566.27 Td (Primary Use) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.60 566.27 Td (ApproximateSquareFootage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 551.27 Td (Pleasanton, CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 551.27 Td (Headquarters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 551.27 Td (280,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 526.27 Td (Calabasas, CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 526.27 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 526.27 Td (3,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 501.27 Td (Irvine, CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 501.27 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 501.27 Td (4,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 476.27 Td (San Diego, CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 476.27 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 476.27 Td (4,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 451.72 Td (Eagan, MN) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 451.27 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 451.27 Td (4,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 426.72 Td (St. Louis, MO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 426.27 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 426.27 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 401.27 Td (Omaha, NE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 401.27 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 401.27 Td (20,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.27 Td (Parsippany, NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 376.27 Td (Branch office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 376.27 Td (2,200) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 355.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.58 355.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 121.61 355.10 Td (we ) Tj ET Q q 0 0 0 rg BT 136.02 355.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 167.65 355.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.40 355.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.48 355.10 Td (branch ) Tj ET Q q 0 0 0 rg BT 231.44 355.10 Td (of) Tj ET Q q 0 0 0 rg BT 239.59 355.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 261.22 355.10 Td (are ) Tj ET Q q 0 0 0 rg BT 276.18 355.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 314.46 355.10 Td (for ) Tj ET Q q 0 0 0 rg BT 328.88 355.10 Td (our ) Tj ET Q q 0 0 0 rg BT 344.96 355.10 Td (current ) Tj ET Q q 0 0 0 rg BT 376.03 355.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 401.55 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.74 355.10 Td (that ) Tj ET Q q 0 0 0 rg BT 436.49 355.10 Td (suitable ) Tj ET Q q 0 0 0 rg BT 470.34 355.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 513.09 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.17 355.10 Td (substitute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (space ) Tj ET Q q 0 0 0 rg BT 74.21 343.10 Td (will ) Tj ET Q q 0 0 0 rg BT 92.26 343.10 Td (be ) Tj ET Q q 0 0 0 rg BT 104.20 343.10 Td (available ) Tj ET Q q 0 0 0 rg BT 142.79 343.10 Td (as ) Tj ET Q q 0 0 0 rg BT 153.62 343.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 184.44 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.71 343.10 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 252.74 343.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 300.76 343.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 343.81 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.64 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.47 343.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 308.28 Td (ITEM3.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 308.28 Td (LEGAL PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 287.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 123.80 287.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 167.88 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.20 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.07 287.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 219.04 287.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 270.90 287.10 Td (is ) Tj ET Q q 0 0 0 rg BT 281.11 287.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 335.18 287.10 Td (by ) Tj ET Q q 0 0 0 rg BT 348.72 287.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 389.44 287.10 Td (from ) Tj ET Q q 0 0 0 rg BT 412.42 287.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.39 287.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.39 287.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.93 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.80 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.56 287.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 498.43 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.74 287.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 275.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 240.28 Td (ITEM4.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 240.28 Td (MINE SAFETY DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 219.10 Td (Not applicable. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 193.10 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 193.10 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 193.10 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 193.10 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 159.33 Td (ITEM5.) 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ET q 0 0 0 rg BT 523.50 687.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 687.07 Td (82.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 674.07 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 674.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 674.07 Td (58.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 674.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 674.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 674.07 Td (78.71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 661.23 Td (Year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 648.07 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.50 648.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.60 648.07 Td (57.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 648.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 648.07 Td (91.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 635.07 Td (Second Quarter) Tj ET Q BT /F1 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523.50 609.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.60 609.07 Td (109.99) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 580.00 Td (Holders of Our) Tj ET Q q 0 0 0 rg BT 114.31 580.00 Td ( Common Shar) Tj ET Q q 0 0 0 rg BT 179.14 580.00 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 563.00 Td (As ) Tj ET Q q 0 0 0 rg BT 85.92 563.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.56 563.00 Td (February16, ) Tj ET Q q 0 0 0 rg BT 149.96 563.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.96 563.00 Td (, ) Tj ET Q q 0 0 0 rg BT 174.77 563.00 Td (there ) Tj ET Q q 0 0 0 rg BT 197.06 563.00 Td (were ) Tj ET Q q 0 0 0 rg BT 218.80 563.00 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.86 563.00 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.86 563.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 323.11 563.00 Td (of ) Tj ET Q q 0 0 0 rg BT 333.75 563.00 Td (record ) Tj ET Q q 0 0 0 rg BT 361.59 563.00 Td (of ) Tj ET Q q 0 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(are ) Tj ET Q q 0 0 0 rg BT 355.48 551.00 Td (unable ) Tj ET Q q 0 0 0 rg BT 384.97 551.00 Td (to ) Tj ET Q q 0 0 0 rg BT 395.59 551.00 Td (estimate ) Tj ET Q q 0 0 0 rg BT 431.75 551.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.81 551.00 Td (total ) Tj ET Q q 0 0 0 rg BT 467.42 551.00 Td (number ) Tj ET Q q 0 0 0 rg BT 500.80 551.00 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 551.00 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.00 Td (represented ) Tj ET Q q 0 0 0 rg BT 98.08 539.00 Td (by ) Tj ET Q q 0 0 0 rg BT 110.58 539.00 Td (these ) Tj ET Q q 0 0 0 rg BT 133.63 539.00 Td (record ) Tj ET Q q 0 0 0 rg BT 161.67 539.00 Td (holders.) 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Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Performance Graph) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 723.25 Td (following ) Tj ET Q q 0 0 0 rg BT 130.94 723.25 Td (graph ) Tj ET Q q 0 0 0 rg BT 155.71 723.25 Td (compares ) Tj ET Q q 0 0 0 rg BT 196.03 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.24 723.25 Td (total ) Tj ET Q q 0 0 0 rg BT 230.02 723.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 276.45 723.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 325.10 723.25 Td (return ) Tj ET Q q 0 0 0 rg BT 350.98 723.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.98 723.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.31 723.25 Td (common ) Tj ET Q q 0 0 0 rg BT 415.31 723.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 438.42 723.25 Td (with ) Tj ET Q q 0 0 0 rg BT 458.20 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.42 723.25 Td (total ) Tj ET Q q 0 0 0 rg BT 492.19 723.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 538.62 723.25 Td (return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.00 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.39 711.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 102.68 711.25 Td (Composite ) Tj ET Q q 0 0 0 rg BT 148.19 711.25 Td (Index, ) Tj ET Q q 0 0 0 rg BT 175.63 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.24 711.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.63 711.25 Td (S&P) Tj ET Q q 0 0 0 rg BT 225.16 711.25 Td ( ) Tj ET Q q 0 0 0 rg BT 227.33 711.25 Td (500 ) Tj ET Q q 0 0 0 rg BT 244.50 711.25 Td (North ) Tj ET Q q 0 0 0 rg BT 269.53 711.25 Td (American ) Tj ET Q q 0 0 0 rg BT 310.97 711.25 Td (T) Tj ET Q q 0 0 0 rg BT 316.38 711.25 Td (echnology-Software ) Tj ET Q q 0 0 0 rg BT 399.63 711.25 Td (Index) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.40 711.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.58 711.25 Td (for ) Tj ET Q q 0 0 0 rg BT 438.41 711.25 Td (each ) Tj ET Q q 0 0 0 rg BT 458.90 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.40 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.79 711.25 Td (last ) Tj ET Q q 0 0 0 rg BT 499.85 711.25 Td (five ) Tj ET Q q 0 0 0 rg BT 517.57 711.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 541.40 711.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.88 699.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 134.46 699.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.46 699.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.75 302.25 Td ( ) Tj ET Q /GS0 gs q 457.00 0 0 375.00 90.25 302.25 cm /I24 Do Q 0.8 0.9333333333333333 1 rg /GS0 gs 60.50 276.75 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 276.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 276.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 276.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 276.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 276.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 276.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 276.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 276.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 276.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 276.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 276.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 60.50 246.75 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 246.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 246.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 246.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 246.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 246.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 246.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 246.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 246.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 246.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 246.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 246.75 44.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 276.75 m 310.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 276.75 m 314.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 276.75 m 358.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 276.75 m 362.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 276.75 m 406.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 276.75 m 410.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 276.75 m 454.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 276.75 m 458.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 276.75 m 502.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 276.75 m 506.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 276.75 m 550.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 276.75 m 310.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 276.75 m 314.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 276.75 m 358.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 276.75 m 362.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 276.75 m 406.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 276.75 m 410.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 276.75 m 454.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 276.75 m 458.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 276.75 m 502.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 276.75 m 506.5 276.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 276.75 m 550.5 276.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 281.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 269.95 280.98 Td (12/31/2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.75 280.98 Td (12/31/2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.75 280.98 Td (12/31/2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.75 280.98 Td (12/31/2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.75 280.98 Td (12/31/2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.75 280.98 Td (12/31/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 266.42 Td (Ellie Mae, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.10 266.42 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.10 266.42 Td (491.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 266.42 Td (475.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 266.42 Td (713.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.60 266.42 Td (1,066.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.60 266.42 Td (1,481.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 251.42 Td (NYSE Composite) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.10 251.42 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.10 251.42 Td (115.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 251.42 Td (146.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 251.42 Td (156.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.10 251.42 Td (149.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 251.42 Td (167.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 236.42 Td (S&P 500 North American Technology-Software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.10 236.42 Td (100.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.10 236.42 Td (117.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 236.42 Td (153.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.10 236.42 Td (175.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.10 236.42 Td (197.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 236.42 Td (209.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 212.32 Td (*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.00 213.01 Td (Assumes that $100.00 was invested in our common stock and in each index at market closing prices on December 31, 2011, and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.00 204.01 Td (that all dividends were reinvested. No cash dividends have been declared on our common stock since our initial public offering.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.00 195.01 Td (Stockholder returns over the indicated period should not be considered indicative of future share prices or stockholder returns.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 174.25 Td (This ) Tj ET Q q 0 0 0 rg BT 91.62 174.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 144.60 174.25 Td (graph ) Tj ET Q q 0 0 0 rg BT 170.38 174.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 191.71 174.25 Td (not ) Tj ET Q q 0 0 0 rg BT 206.37 174.25 Td (be ) Tj ET Q q 0 0 0 rg BT 217.70 174.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 250.12 174.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 280.90 174.25 Td (for ) Tj ET Q q 0 0 0 rg BT 294.45 174.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 332.45 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.11 174.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 373.43 174.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 385.32 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.98 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.08 174.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 450.25 174.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 465.46 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.13 174.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 499.51 174.25 Td (or ) Tj ET Q q 0 0 0 rg BT 510.29 174.25 Td (incorporated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 162.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.51 162.25 Td (r) Tj ET Q q 0 0 0 rg BT 65.03 162.25 Td (efer) Tj ET Q q 0 0 0 rg BT 80.21 162.25 Td (ence ) Tj ET Q q 0 0 0 rg BT 101.09 162.25 Td (into ) Tj ET Q q 0 0 0 rg BT 119.22 162.25 Td (any ) Tj ET Q q 0 0 0 rg BT 136.23 162.25 Td (filing ) Tj ET Q q 0 0 0 rg BT 159.92 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.27 162.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 191.72 162.25 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 214.57 162.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 232.41 162.25 Td (under ) Tj ET Q q 0 0 0 rg BT 258.31 162.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.10 162.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 314.92 162.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 330.81 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.17 162.25 Td (1933, ) Tj ET Q q 0 0 0 rg BT 366.24 162.25 Td (as ) Tj ET Q q 0 0 0 rg BT 377.70 162.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 416.37 162.25 Td (except ) Tj ET Q q 0 0 0 rg BT 444.48 162.25 Td (as ) Tj ET Q q 0 0 0 rg BT 455.94 162.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 477.96 162.25 Td (be ) Tj ET Q q 0 0 0 rg BT 489.97 162.25 Td (expr) Tj ET Q q 0 0 0 rg BT 507.37 162.25 Td (essly ) Tj ET Q q 0 0 0 rg BT 529.38 162.25 Td (set ) Tj ET Q q 0 0 0 rg BT 543.06 162.25 Td (forth ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 150.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.44 150.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 94.48 150.25 Td (r) Tj ET Q q 0 0 0 rg BT 98.00 150.25 Td (efer) Tj ET Q q 0 0 0 rg BT 113.18 150.25 Td (ence ) Tj ET Q q 0 0 0 rg BT 133.99 150.25 Td (in ) Tj ET Q q 0 0 0 rg BT 144.27 150.25 Td (such ) Tj ET Q q 0 0 0 rg BT 165.10 150.25 Td (filing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 124.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.43 124.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 105.60 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.43 124.25 Td (Unr) Tj ET Q q 0 0 0 rg BT 133.47 124.25 Td (egister) Tj ET Q q 0 0 0 rg BT 161.60 124.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 174.10 124.25 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 107.25 Td (None.) 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ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 558.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 543.32 Td (February 1, 2016 to February 28, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 543.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 543.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 543.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 543.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 543.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 543.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 528.32 Td (March 1, 2016 to March 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 528.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 528.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 528.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 528.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 528.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 528.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 513.32 Td (April 1, 2016 to April 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 513.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 513.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 513.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 513.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 513.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 513.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 498.32 Td (May 1, 2016 to May 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 498.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 498.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 498.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 498.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 498.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 498.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 483.32 Td (June 1, 2016 to June 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 483.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 483.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 483.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 483.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 483.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 483.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 468.32 Td (July 1, 2016 to July 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 468.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 468.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 468.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 468.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 468.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 468.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 453.32 Td (August 1, 2016 to August 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 453.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 453.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 453.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 453.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 453.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 453.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 438.32 Td (September 1, 2016 to September 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 438.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 438.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 438.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 438.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 438.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 438.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 423.32 Td (October 1, 2016 to October 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 423.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 423.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 423.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 423.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 423.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 423.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 408.32 Td (November 1, 2016 to November 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 408.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 408.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 408.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 408.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 408.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 408.32 Td (43,469,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 393.32 Td (December 1, 2016 to December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 393.32 Td (8,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 393.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 393.32 Td (79.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 393.32 Td (8,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 393.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 393.32 Td (42,806,483) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 373.65 Td (________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 361.18 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.16 356.65 Td (On ) Tj ET Q q 0 0 0 rg BT 73.04 356.65 Td (May21, ) Tj ET Q q 0 0 0 rg BT 105.92 356.65 Td (2014, ) Tj ET Q q 0 0 0 rg BT 129.05 356.65 Td (our ) Tj ET Q q 0 0 0 rg BT 143.93 356.65 Td (board ) Tj ET Q q 0 0 0 rg BT 167.30 356.65 Td (of ) Tj ET Q q 0 0 0 rg BT 177.68 356.65 Td (directors ) Tj ET Q q 0 0 0 rg BT 212.05 356.65 Td (approved ) Tj ET Q q 0 0 0 rg BT 248.42 356.65 Td (a ) Tj ET Q q 0 0 0 rg BT 255.30 356.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 277.17 356.65 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 319.03 356.65 Td (program ) Tj ET Q q 0 0 0 rg BT 352.40 356.65 Td (under ) Tj ET Q q 0 0 0 rg BT 375.78 356.65 Td (which ) Tj ET Q q 0 0 0 rg BT 400.65 356.65 Td (we ) Tj ET Q q 0 0 0 rg BT 414.03 356.65 Td (are ) Tj ET Q q 0 0 0 rg BT 427.90 356.65 Td (authorized ) Tj ET Q q 0 0 0 rg BT 468.76 356.65 Td (to ) Tj ET Q q 0 0 0 rg BT 478.64 356.65 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 520.50 356.65 Td (up ) Tj ET Q q 0 0 0 rg BT 532.38 356.65 Td (to ) Tj ET Q q 0 0 0 rg BT 542.26 356.65 Td ($75.0 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 345.85 Td (million ) Tj ET Q q 0 0 0 rg BT 77.84 345.85 Td (of ) Tj ET Q q 0 0 0 rg BT 87.67 345.85 Td (our ) Tj ET Q q 0 0 0 rg BT 102.01 345.85 Td (common ) Tj ET Q q 0 0 0 rg BT 135.84 345.85 Td (stock, ) Tj ET Q q 0 0 0 rg BT 159.42 345.85 Td (which ) Tj ET Q q 0 0 0 rg BT 183.76 345.85 Td (expires ) Tj ET Q q 0 0 0 rg BT 212.08 345.85 Td (in ) Tj ET Q q 0 0 0 rg BT 221.42 345.85 Td (May ) Tj ET Q q 0 0 0 rg BT 240.25 345.85 Td 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Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 737.23 Td (ITEM6.) 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 336.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 306.50 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 306.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 306.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 306.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 306.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 306.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 306.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 306.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 306.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 306.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 276.50 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 276.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 276.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 276.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 276.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 276.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 276.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 276.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 276.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 276.50 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 576.5 m 326 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 561.5 m 326 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 576.5 m 330 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 576.5 m 385 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 561.5 m 385 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 576.5 m 389 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 576.5 m 444 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 561.5 m 444 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 576.5 m 448 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 576.5 m 503 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 561.5 m 503 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 576.5 m 507 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 576.5 m 562 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 561.5 m 562 561.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 501.5 m 326 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 501.5 m 385 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 501.5 m 444 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 501.5 m 503 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 501.5 m 562 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 426.5 m 326 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 426.5 m 385 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 426.5 m 444 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 426.5 m 503 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 426.5 m 562 426.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 411.5 m 326 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 411.5 m 385 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 411.5 m 444 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 411.5 m 503 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 411.5 m 562 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 381.5 m 326 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 381.5 m 385 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 381.5 m 444 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 381.5 m 503 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 381.5 m 562 381.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 351.5 m 562 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 351.5 m 326 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 337.5 m 326 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 335.5 m 326 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 351.5 m 385 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 337.5 m 385 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 335.5 m 385 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 351.5 m 444 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 337.5 m 444 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 335.5 m 444 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 351.5 m 503 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 337.5 m 503 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 335.5 m 503 335.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 351.5 m 562 351.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 337.5 m 562 337.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 335.5 m 562 335.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 581.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.60 580.73 Td (Year ended December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 566.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.00 565.73 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.50 565.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.00 565.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 565.73 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.50 565.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 565.73 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 565.73 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 551.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.50 550.73 Td (\(in thousands, except share and per share data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 536.18 Td (Consolidated Statements of Operations Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 536.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 522.07 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 521.17 Td (360,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 521.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 521.17 Td (253,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 521.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 521.17 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 521.17 Td (128,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 521.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 521.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 521.17 Td (101,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 507.07 Td (Cost of revenues) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 118.71 511.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 506.17 Td (120,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 506.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 506.17 Td (84,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 506.17 Td (46,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 506.17 Td (32,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 506.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 506.17 Td (23,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 492.07 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 491.17 Td (240,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 491.17 Td (169,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 491.17 Td (115,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 491.17 Td (95,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 491.17 Td (78,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 477.07 Td (Operating expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 476.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 476.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 476.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 476.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 476.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 476.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 476.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 462.07 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 150.59 466.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 461.17 Td (54,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 461.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 461.17 Td (38,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 461.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 461.17 Td (26,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 461.17 Td (21,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 461.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 461.17 Td (17,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 447.07 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 177.23 451.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 446.17 Td (58,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 446.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 446.17 Td (40,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 446.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 446.17 Td (28,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 446.17 Td (24,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 446.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 446.17 Td (18,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 432.07 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 177.79 436.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 431.17 Td (71,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 431.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 431.17 Td (57,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 431.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 431.17 Td (39,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 431.17 Td (30,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 431.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 431.17 Td (21,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 417.07 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 416.17 Td (184,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 416.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 416.17 Td (135,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 416.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 416.17 Td (94,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 416.17 Td (76,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 416.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 416.17 Td (57,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 402.07 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 401.17 Td (55,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 401.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 401.17 Td (33,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 401.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 401.17 Td (21,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 401.17 Td (18,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 401.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 401.17 Td (21,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 387.07 Td (Other income \(expense\), net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 386.17 Td (989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 386.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.15 386.17 Td (619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 386.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 386.17 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 386.17 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 386.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 386.22 Td (\(43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 386.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 372.07 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 371.17 Td (56,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 371.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 371.17 Td (34,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 371.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 371.17 Td (21,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 371.17 Td (19,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 371.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 371.17 Td (21,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 357.07 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 356.17 Td (18,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 356.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 356.17 Td (12,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 356.17 Td (6,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 356.17 Td (6,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 356.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 356.17 Td (1,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 342.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 341.17 Td (37,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 341.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 341.17 Td (22,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 341.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 341.17 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 341.17 Td (13,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 341.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 341.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 341.17 Td (19,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 327.07 Td (Net income per share of common stock:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 326.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 326.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 326.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 326.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 326.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 326.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 326.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 326.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 312.07 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 311.17 Td (1.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 311.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 311.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 311.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 311.17 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 311.17 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 311.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 311.17 Td (0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 297.07 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 296.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 296.17 Td (1.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 296.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 296.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 296.17 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 296.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 296.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 296.17 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 296.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 296.17 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 296.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 296.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 296.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 282.07 Td (Weighted average shares outstanding:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 281.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 281.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 281.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 281.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 281.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 281.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 281.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 281.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 267.07 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 266.17 Td (31,179,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 266.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.10 266.17 Td (29,179,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 266.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.10 266.17 Td (27,858,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 266.17 Td (26,581,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 266.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 266.17 Td (23,523,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 252.07 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 251.17 Td (32,799,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 251.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.10 251.17 Td (30,842,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 251.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.10 251.17 Td (29,593,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 251.17 Td (28,502,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.50 251.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 251.17 Td (25,537,192) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 192.50 222.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 192.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 192.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 192.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 192.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 192.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 192.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 192.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 192.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 192.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 163.50 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 163.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 163.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 163.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 163.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 163.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 163.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 163.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 163.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 163.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 133.50 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 133.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 133.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 133.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 133.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 133.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 133.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 133.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 133.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 133.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 103.50 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 103.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.00 103.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.00 103.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 103.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 103.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 103.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 103.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 103.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 103.50 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 218.5 m 326 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271 205.5 m 326 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 218.5 m 330 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 218.5 m 385 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330 205.5 m 385 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 218.5 m 389 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 218.5 m 444 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 205.5 m 444 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 218.5 m 448 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 218.5 m 503 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 205.5 m 503 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 218.5 m 507 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 218.5 m 562 218.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 205.5 m 562 205.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.75 222.73 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.00 209.73 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.50 209.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.00 209.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.00 209.73 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.50 209.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.00 209.73 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 209.73 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.65 196.73 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 183.18 Td (Consolidated Balance Sheet Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 169.07 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 168.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 168.17 Td (380,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 168.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 168.17 Td (34,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 168.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 168.17 Td (26,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 168.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 168.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 168.17 Td (33,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 168.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 168.17 Td (44,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 154.07 Td (Short-term investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 153.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 153.17 Td (41,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 153.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 153.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 153.17 Td (48,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.50 153.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 153.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 153.17 Td (49,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 153.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 153.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 153.17 Td (46,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 153.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 153.17 Td (16,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 139.07 Td (Long-term investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 138.17 Td (45,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 138.17 Td (55,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 138.17 Td (58,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 138.17 Td (56,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 138.17 Td (43,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 124.07 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 123.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 123.17 Td (126,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 123.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 123.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 123.17 Td (81,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 123.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 123.17 Td (28,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 123.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 123.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 123.17 Td (12,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 123.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 123.17 Td (9,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 109.07 Td (Working capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 108.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 108.17 Td (398,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 108.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 108.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.65 108.17 Td (58,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 108.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 108.17 Td (78,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 108.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 108.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 108.17 Td (78,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 108.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 108.17 Td (58,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 94.07 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 93.17 Td (751,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 93.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.50 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 93.17 Td (364,891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 93.17 Td (290,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 93.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 93.17 Td (229,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 93.17 Td (185,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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0 rg BT 403.92 501.00 Td (and ) Tj ET Q q 0 0 0 rg BT 420.92 501.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 447.37 501.00 Td (Regar) Tj ET Q q 0 0 0 rg BT 471.44 501.00 Td (ding ) Tj ET Q q 0 0 0 rg BT 491.22 501.00 Td (Forwar) Tj ET Q q 0 0 0 rg BT 521.41 501.00 Td (d-Looking ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 489.00 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 465.00 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 448.00 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 448.00 Td (e ) Tj ET Q q 0 0 0 rg BT 87.95 448.00 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.54 448.00 Td (a ) Tj ET Q q 0 0 0 rg BT 109.35 448.00 Td (leading ) Tj ET Q q 0 0 0 rg BT 141.16 448.00 Td (provider ) Tj ET Q q 0 0 0 rg BT 177.42 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 188.12 448.00 Td (innovative ) Tj ET Q q 0 0 0 rg BT 232.71 448.00 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 280.08 448.00 Td (software ) Tj ET Q q 0 0 0 rg BT 316.88 448.00 Td (solutions ) Tj ET Q q 0 0 0 rg BT 355.38 448.00 Td (and ) Tj ET Q q 0 0 0 rg BT 372.19 448.00 Td (services ) Tj ET Q q 0 0 0 rg BT 406.78 448.00 Td (for ) Tj ET Q q 0 0 0 rg BT 420.81 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 435.41 448.00 Td (residential ) Tj ET Q q 0 0 0 rg BT 479.43 448.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 519.57 448.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 554.73 448.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.32 436.00 Td (United ) Tj ET Q q 0 0 0 rg BT 94.14 436.00 Td (States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.03 436.00 Td (. ) Tj ET Q q 0 0 0 rg BT 123.13 436.00 Td (Banks, ) Tj ET Q q 0 0 0 rg BT 153.23 436.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 178.60 436.00 Td (unions ) Tj ET Q q 0 0 0 rg BT 207.87 436.00 Td (and ) Tj ET Q q 0 0 0 rg BT 224.91 436.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 265.28 436.00 Td (lenders ) Tj ET Q q 0 0 0 rg BT 296.76 436.00 Td (use ) Tj ET Q q 0 0 0 rg BT 312.69 436.00 Td (our ) Tj ET Q q 0 0 0 rg BT 328.62 436.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 384.37 436.00 Td (all-in-one ) Tj ET Q q 0 0 0 rg BT 425.84 436.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 466.21 436.00 Td (management ) Tj ET Q q 0 0 0 rg BT 519.90 436.00 Td (solution ) Tj ET Q q 0 0 0 rg BT 554.73 436.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.00 Td (originate ) Tj ET Q q 0 0 0 rg BT 87.54 424.00 Td (and ) Tj ET Q q 0 0 0 rg BT 104.48 424.00 Td (fund ) Tj ET Q q 0 0 0 rg BT 125.31 424.00 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 169.47 424.00 Td (and ) Tj ET Q q 0 0 0 rg BT 186.40 424.00 Td (improve ) Tj ET Q q 0 0 0 rg BT 222.23 424.00 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 273.32 424.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 293.04 424.00 Td (quality) Tj ET Q q 0 0 0 rg BT 320.16 424.00 Td (, ) Tj ET Q q 0 0 0 rg BT 325.16 424.00 Td (and ) Tj ET Q q 0 0 0 rg BT 342.10 424.00 Td (ef) Tj ET Q q 0 0 0 rg BT 349.69 424.00 Td (ficiency) Tj ET Q q 0 0 0 rg BT 381.24 424.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 407.00 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 113.03 407.00 Td (originators ) Tj ET Q q 0 0 0 rg BT 158.02 407.00 Td (use ) Tj ET Q q 0 0 0 rg BT 173.00 407.00 Td (our ) Tj ET Q q 0 0 0 rg BT 187.99 407.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 235.19 407.00 Td (software, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.78 407.00 Td (a ) Tj ET Q q 0 0 0 rg BT 279.87 407.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 342.06 407.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 381.48 407.00 Td (management ) Tj ET Q q 0 0 0 rg BT 434.23 407.00 Td (system ) Tj ET Q q 0 0 0 rg BT 463.66 407.00 Td (that ) Tj ET Q q 0 0 0 rg BT 480.32 407.00 Td (handles ) Tj ET Q q 0 0 0 rg BT 512.52 407.00 Td (key ) Tj ET Q q 0 0 0 rg BT 528.61 407.00 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.17 395.00 Td (management ) Tj ET Q q 0 0 0 rg BT 119.48 395.00 Td (functions ) Tj ET Q q 0 0 0 rg BT 158.92 395.00 Td (involved ) Tj ET Q q 0 0 0 rg BT 196.15 395.00 Td (in ) Tj ET Q q 0 0 0 rg BT 206.15 395.00 Td (running ) Tj ET Q q 0 0 0 rg BT 239.49 395.00 Td (a ) Tj ET Q q 0 0 0 rg BT 246.15 395.00 Td (residential ) Tj ET Q q 0 0 0 rg BT 290.03 395.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 330.02 395.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 376.13 395.00 Td (business. ) Tj ET Q q 0 0 0 rg BT 414.74 395.00 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 455.85 395.00 Td (originators ) Tj ET Q q 0 0 0 rg BT 501.40 395.00 Td (use ) Tj ET Q q 0 0 0 rg BT 516.96 395.00 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.00 Td (as ) Tj ET Q q 0 0 0 rg BT 59.94 383.00 Td (a ) Tj ET Q q 0 0 0 rg BT 66.50 383.00 Td (single ) Tj ET Q q 0 0 0 rg BT 92.50 383.00 Td (tool ) Tj ET Q q 0 0 0 rg BT 110.17 383.00 Td (for ) Tj ET Q q 0 0 0 rg BT 123.94 383.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 143.27 383.00 Td (processing, ) Tj ET Q q 0 0 0 rg BT 190.65 383.00 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 235.81 383.00 Td (and ) Tj ET Q q 0 0 0 rg BT 252.36 383.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 291.13 383.00 Td (communication ) Tj ET Q q 0 0 0 rg BT 355.45 383.00 Td (and ) Tj ET Q q 0 0 0 rg BT 372.00 383.00 Td (to ) Tj ET Q q 0 0 0 rg BT 381.89 383.00 Td (interact ) Tj ET Q q 0 0 0 rg BT 413.98 383.00 Td (electronically ) Tj ET Q q 0 0 0 rg BT 470.51 383.00 Td (with ) Tj ET Q q 0 0 0 rg BT 490.40 383.00 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 523.89 383.00 Td (investors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.00 Td (and ) Tj ET Q q 0 0 0 rg BT 65.89 371.00 Td (service ) Tj ET Q q 0 0 0 rg BT 96.16 371.00 Td (providers ) Tj ET Q q 0 0 0 rg BT 135.88 371.00 Td (over ) Tj ET Q q 0 0 0 rg BT 155.60 371.00 Td (the ) Tj ET Q q 0 0 0 rg BT 169.77 371.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 190.60 371.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 210.32 371.00 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.81 371.00 Td ( ) Tj ET Q q 0 0 0 rg BT 249.77 371.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 267.27 371.00 Td (software ) Tj ET Q q 0 0 0 rg BT 303.65 371.00 Td (also ) Tj ET Q q 0 0 0 rg BT 321.71 371.00 Td (enables ) Tj ET Q q 0 0 0 rg BT 353.65 371.00 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 405.57 371.00 Td (of ) Tj ET Q q 0 0 0 rg BT 415.85 371.00 Td (rules ) Tj ET Q q 0 0 0 rg BT 437.24 371.00 Td (and ) Tj ET Q q 0 0 0 rg BT 453.63 371.00 Td (business ) Tj ET Q q 0 0 0 rg BT 489.48 371.00 Td (practices ) Tj ET Q q 0 0 0 rg BT 526.96 371.00 Td (designed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.00 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 359.00 Td (ensure ) Tj ET Q q 0 0 0 rg BT 88.38 359.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 108.09 359.00 Td (quality) Tj ET Q q 0 0 0 rg BT 135.22 359.00 Td (, ) Tj ET Q q 0 0 0 rg BT 140.22 359.00 Td (adherence ) Tj ET Q q 0 0 0 rg BT 183.24 359.00 Td (to ) Tj ET Q q 0 0 0 rg BT 193.52 359.00 Td (processing ) Tj ET Q q 0 0 0 rg BT 238.79 359.00 Td (standards ) Tj ET Q q 0 0 0 rg BT 279.06 359.00 Td (and ) Tj ET Q q 0 0 0 rg BT 295.99 359.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 339.59 359.00 Td (compliance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 342.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.66 342.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 110.16 342.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 129.55 342.00 Td (Network ) Tj ET Q q 0 0 0 rg BT 166.16 342.00 Td (electronically ) Tj ET Q q 0 0 0 rg BT 222.19 342.00 Td (connects ) Tj ET Q q 0 0 0 rg BT 258.79 342.00 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.55 342.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.17 342.00 Td (165,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.67 342.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.29 342.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 391.67 342.00 Td (professionals ) Tj ET Q q 0 0 0 rg BT 446.05 342.00 Td (using ) Tj ET Q q 0 0 0 rg BT 469.34 342.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 516.51 342.00 Td (to ) Tj ET Q q 0 0 0 rg BT 525.90 342.00 Td (the ) Tj ET Q q 0 0 0 rg BT 539.74 342.00 Td (broad ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.00 Td (array ) Tj ET Q q 0 0 0 rg BT 73.98 330.00 Td (of ) Tj ET Q q 0 0 0 rg BT 86.26 330.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 127.97 330.00 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 163.29 330.00 Td (investors, ) Tj ET Q q 0 0 0 rg BT 205.85 330.00 Td (and ) Tj ET Q q 0 0 0 rg BT 224.24 330.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 270.95 330.00 Td (service ) Tj ET Q q 0 0 0 rg BT 303.21 330.00 Td (providers ) Tj ET Q q 0 0 0 rg BT 344.92 330.00 Td (integral ) Tj ET Q q 0 0 0 rg BT 379.41 330.00 Td (to ) Tj ET Q q 0 0 0 rg BT 391.14 330.00 Td (the ) Tj ET Q q 0 0 0 rg BT 407.30 330.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 455.13 330.00 Td (and ) Tj ET Q q 0 0 0 rg BT 473.51 330.00 Td (funding ) Tj ET Q q 0 0 0 rg BT 508.57 330.00 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 330.00 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.00 Td (mortgages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.66 318.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.20 318.00 Td (During ) Tj ET Q q 0 0 0 rg BT 129.07 318.00 Td (the ) Tj ET Q q 0 0 0 rg BT 144.83 318.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 186.14 318.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 233.56 318.00 Td (process, ) Tj ET Q q 0 0 0 rg BT 269.59 318.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 310.90 318.00 Td (originators ) Tj ET Q q 0 0 0 rg BT 357.77 318.00 Td (may ) Tj ET Q q 0 0 0 rg BT 378.53 318.00 Td (order ) Tj ET Q q 0 0 0 rg BT 403.17 318.00 Td (various ) Tj ET Q q 0 0 0 rg BT 436.15 318.00 Td (services ) Tj ET Q q 0 0 0 rg BT 471.90 318.00 Td (through ) Tj ET Q q 0 0 0 rg BT 506.55 318.00 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.77 318.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.31 318.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.73 318.00 Td (Mae ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.00 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.49 306.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.43 306.00 Td (including ) Tj ET Q q 0 0 0 rg BT 127.63 306.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 151.83 306.00 Td (reports; ) Tj ET Q q 0 0 0 rg BT 183.82 306.00 Td (product ) Tj ET Q q 0 0 0 rg BT 215.80 306.00 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 256.12 306.00 Td (and ) Tj ET Q q 0 0 0 rg BT 272.00 306.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 301.76 306.00 Td (services; ) Tj ET Q q 0 0 0 rg BT 338.18 306.00 Td (automated ) Tj ET Q q 0 0 0 rg BT 381.26 306.00 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 434.35 306.00 Td (services; ) Tj ET Q q 0 0 0 rg BT 470.77 306.00 Td (appraisals; ) Tj ET Q q 0 0 0 rg BT 514.97 306.00 Td (title ) Tj ET Q q 0 0 0 rg BT 531.96 306.00 Td (reports; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.00 Td (insurance; ) Tj ET Q q 0 0 0 rg BT 93.15 294.00 Td (flood ) Tj ET Q q 0 0 0 rg BT 116.81 294.00 Td (certifications ) Tj ET Q q 0 0 0 rg BT 171.56 294.00 Td (and ) Tj ET Q q 0 0 0 rg BT 188.55 294.00 Td (flood ) Tj ET Q q 0 0 0 rg BT 212.21 294.00 Td (insurance; ) Tj ET Q q 0 0 0 rg BT 255.86 294.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 304.50 294.00 Td (reviews; ) Tj ET Q q 0 0 0 rg BT 340.94 294.00 Td (fraud ) Tj ET Q q 0 0 0 rg BT 364.59 294.00 Td (detection; ) Tj ET Q q 0 0 0 rg BT 406.57 294.00 Td (document ) Tj ET Q q 0 0 0 rg BT 448.56 294.00 Td (preparation; ) Tj ET Q q 0 0 0 rg BT 499.42 294.00 Td (and ) Tj ET Q q 0 0 0 rg BT 516.41 294.00 Td (verification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.11 282.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 96.32 282.00 Td (identity) Tj ET Q q 0 0 0 rg BT 126.22 282.00 Td (, ) Tj ET Q q 0 0 0 rg BT 132.00 282.00 Td (and ) Tj ET Q q 0 0 0 rg BT 149.72 282.00 Td (employment. ) Tj ET Q q 0 0 0 rg BT 205.49 282.00 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 247.64 282.00 Td (originators ) Tj ET Q q 0 0 0 rg BT 294.25 282.00 Td (can ) Tj ET Q q 0 0 0 rg BT 311.40 282.00 Td (also ) Tj ET Q q 0 0 0 rg BT 330.79 282.00 Td (initiate ) Tj ET Q q 0 0 0 rg BT 361.84 282.00 Td (secure ) Tj ET Q q 0 0 0 rg BT 390.65 282.00 Td (data ) Tj ET Q q 0 0 0 rg BT 410.59 282.00 Td (transmission ) Tj ET Q q 0 0 0 rg BT 464.42 282.00 Td (to ) Tj ET Q q 0 0 0 rg BT 475.48 282.00 Td (and ) Tj ET Q q 0 0 0 rg BT 493.20 282.00 Td (from ) Tj ET Q q 0 0 0 rg BT 515.92 282.00 Td (lenders ) Tj ET Q q 0 0 0 rg BT 548.07 282.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.00 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.11 270.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 253.00 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 123.16 253.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.15 253.00 Td (are ) Tj ET Q q 0 0 0 rg BT 177.81 253.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 220.13 253.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 260.80 253.00 Td (from ) Tj ET Q q 0 0 0 rg BT 283.69 253.00 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 339.92 253.00 Td (to ) Tj ET Q q 0 0 0 rg BT 351.16 253.00 Td (software ) Tj ET Q q 0 0 0 rg BT 389.04 253.00 Td (we ) Tj ET Q q 0 0 0 rg BT 404.16 253.00 Td (host ) Tj ET Q q 0 0 0 rg BT 424.28 253.00 Td (that ) Tj ET Q q 0 0 0 rg BT 442.73 253.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 486.73 253.00 Td (access ) Tj ET Q q 0 0 0 rg BT 515.72 253.00 Td (through ) Tj ET Q q 0 0 0 rg BT 550.29 253.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.00 Td (Internet, ) Tj ET Q q 0 0 0 rg BT 86.10 241.00 Td (including ) Tj ET Q q 0 0 0 rg BT 126.88 241.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 170.43 241.00 Td (who ) Tj ET Q q 0 0 0 rg BT 190.65 241.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 208.10 241.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 227.20 241.00 Td (based ) Tj ET Q q 0 0 0 rg BT 252.97 241.00 Td (on ) Tj ET Q q 0 0 0 rg BT 265.98 241.00 Td (the ) Tj ET Q q 0 0 0 rg BT 281.20 241.00 Td (number ) Tj ET Q q 0 0 0 rg BT 314.75 241.00 Td (of ) Tj ET Q q 0 0 0 rg BT 326.08 241.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 350.20 241.00 Td (they ) Tj ET Q q 0 0 0 rg BT 370.42 241.00 Td (close, ) Tj ET Q q 0 0 0 rg BT 396.47 241.00 Td (or ) Tj ET Q q 0 0 0 rg BT 407.80 241.00 Td (success ) Tj ET Q q 0 0 0 rg BT 440.80 241.00 Td (basis, ) Tj ET Q q 0 0 0 rg BT 466.30 241.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 497.63 241.00 Td (to ) Tj ET Q q 0 0 0 rg BT 508.41 241.00 Td (monthly ) Tj ET Q q 0 0 0 rg BT 544.75 241.00 Td (base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.00 Td (fees, ) Tj ET Q q 0 0 0 rg BT 69.85 229.00 Td (which ) Tj ET Q q 0 0 0 rg BT 96.04 229.00 Td (we ) Tj ET Q q 0 0 0 rg BT 109.45 229.00 Td (refer ) Tj ET Q q 0 0 0 rg BT 130.06 229.00 Td (to ) Tj ET Q q 0 0 0 rg BT 139.59 229.00 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.67 229.00 Td (Success ) Tj ET Q q 0 0 0 rg BT 183.08 229.00 Td (Based ) Tj ET Q q 0 0 0 rg BT 209.27 229.00 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 229.00 Td (, ) Tj ET Q q 0 0 0 rg BT 242.40 229.00 Td (and ) Tj ET Q q 0 0 0 rg BT 258.59 229.00 Td (related ) Tj ET Q q 0 0 0 rg BT 287.54 229.00 Td (professional ) Tj ET Q q 0 0 0 rg BT 338.17 229.00 Td (services ) Tj ET Q q 0 0 0 rg BT 372.13 229.00 Td (such ) Tj ET Q q 0 0 0 rg BT 392.21 229.00 Td (as ) Tj ET Q q 0 0 0 rg BT 402.29 229.00 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 448.20 229.00 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 515.21 229.00 Td (and ) Tj ET Q q 0 0 0 rg BT 531.40 229.00 Td (training ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.00 Td (services. ) Tj ET Q q 0 0 0 rg BT 87.29 217.00 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 137.57 217.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 176.19 217.00 Td (also ) Tj ET Q q 0 0 0 rg BT 195.38 217.00 Td (include ) Tj ET Q q 0 0 0 rg BT 227.89 217.00 Td (software ) Tj ET Q q 0 0 0 rg BT 265.40 217.00 Td (related ) Tj ET Q q 0 0 0 rg BT 295.68 217.00 Td (services ) Tj ET Q q 0 0 0 rg BT 330.97 217.00 Td (that ) Tj ET Q q 0 0 0 rg BT 349.05 217.00 Td (are ) Tj ET Q q 0 0 0 rg BT 364.33 217.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 384.08 217.00 Td (on ) Tj ET Q q 0 0 0 rg BT 397.16 217.00 Td (a ) Tj ET Q q 0 0 0 rg BT 404.68 217.00 Td (transactional ) Tj ET Q q 0 0 0 rg BT 458.85 217.00 Td (basis; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.71 217.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 506.67 217.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.52 217.00 Td (Network) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.00 Td (transaction ) Tj ET Q q 0 0 0 rg BT 95.60 205.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 113.93 205.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 133.37 205.00 Td (by ) Tj ET Q q 0 0 0 rg BT 145.60 205.00 Td (service ) Tj ET Q q 0 0 0 rg BT 176.15 205.00 Td (providers, ) Tj ET Q q 0 0 0 rg BT 218.65 205.00 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 252.25 205.00 Td (investors, ) Tj ET Q q 0 0 0 rg BT 293.09 205.00 Td (and ) Tj ET Q q 0 0 0 rg BT 309.76 205.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 339.19 205.00 Td (government-sponsored ) Tj ET Q q 0 0 0 rg BT 433.06 205.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 464.17 205.00 Td (participating ) Tj ET Q q 0 0 0 rg BT 516.94 205.00 Td (on ) Tj ET Q q 0 0 0 rg BT 529.17 205.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.61 205.00 Td (Ellie ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.00 Td (Mae ) Tj ET Q q 0 0 0 rg BT 70.59 193.00 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.58 193.00 Td (; ) Tj ET Q q 0 0 0 rg BT 111.69 193.00 Td (education ) Tj ET Q q 0 0 0 rg BT 153.88 193.00 Td (and ) Tj ET Q q 0 0 0 rg BT 171.65 193.00 Td (training; ) Tj ET Q q 0 0 0 rg BT 208.86 193.00 Td (and ) Tj ET Q q 0 0 0 rg BT 226.62 193.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 247.16 193.00 Td (product ) Tj ET Q q 0 0 0 rg BT 281.03 193.00 Td (and ) Tj ET Q q 0 0 0 rg BT 298.80 193.00 Td (guideline ) Tj ET Q q 0 0 0 rg BT 339.33 193.00 Td (data ) Tj ET Q q 0 0 0 rg BT 359.31 193.00 Td (and ) Tj ET Q q 0 0 0 rg BT 377.08 193.00 Td (analytics ) Tj ET Q q 0 0 0 rg BT 415.95 193.00 Td (services ) Tj ET Q q 0 0 0 rg BT 451.48 193.00 Td (that ) Tj ET Q q 0 0 0 rg BT 469.80 193.00 Td (are ) Tj ET Q q 0 0 0 rg BT 485.33 193.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 524.20 193.00 Td (under ) Tj ET Q q 0 0 0 rg BT 550.30 193.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.00 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 84.60 181.00 Td (brand. ) Tj ET Q q 0 0 0 rg BT 112.20 181.00 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 161.73 181.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 199.60 181.00 Td (are ) Tj ET Q q 0 0 0 rg BT 214.13 181.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 255.32 181.00 Td (from ) Tj ET Q q 0 0 0 rg BT 277.09 181.00 Td (customer) Tj ET Q q 0 0 0 rg BT 313.54 181.00 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 345.31 181.00 Td (software ) Tj ET Q q 0 0 0 rg BT 382.06 181.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 416.04 181.00 Td (and ) Tj ET Q q 0 0 0 rg BT 432.81 181.00 Td (related ) Tj ET Q q 0 0 0 rg BT 462.34 181.00 Td (professional ) Tj ET Q q 0 0 0 rg BT 513.54 181.00 Td (services ) Tj ET Q q 0 0 0 rg BT 548.07 181.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 102.34 169.00 Td (services. ) Tj ET Q q 0 0 0 rg BT 138.85 169.00 Td (As ) Tj ET Q q 0 0 0 rg BT 152.27 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 162.92 169.00 Td (June ) Tj ET Q q 0 0 0 rg BT 183.56 169.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 198.37 169.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 223.18 169.00 Td (we ) Tj ET Q q 0 0 0 rg BT 237.15 169.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 281.12 169.00 Td (the ) Tj ET Q q 0 0 0 rg BT 295.65 169.00 Td (migration ) Tj ET Q q 0 0 0 rg BT 336.84 169.00 Td (of ) Tj ET Q q 0 0 0 rg BT 347.48 169.00 Td (customers ) Tj ET Q q 0 0 0 rg BT 390.34 169.00 Td (to ) Tj ET Q q 0 0 0 rg BT 400.43 169.00 Td (our ) Tj ET Q q 0 0 0 rg BT 416.07 169.00 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 463.37 169.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 511.23 169.00 Td (of) Tj ET Q q 0 0 0 rg BT 519.38 169.00 Td (fering, ) Tj ET Q q 0 0 0 rg BT 548.07 169.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.00 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 157.00 Td (do ) Tj ET Q q 0 0 0 rg BT 76.16 157.00 Td (not ) Tj ET Q q 0 0 0 rg BT 91.44 157.00 Td (expect ) Tj ET Q q 0 0 0 rg BT 120.03 157.00 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 167.52 157.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 205.55 157.00 Td (in ) Tj ET Q q 0 0 0 rg BT 215.83 157.00 Td (the ) Tj ET Q q 0 0 0 rg BT 230.55 157.00 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 140.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.21 140.00 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 137.35 140.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 175.05 140.00 Td (typically) Tj ET Q q 0 0 0 rg BT 209.39 140.00 Td (, ) Tj ET Q q 0 0 0 rg BT 214.04 140.00 Td (but ) Tj ET Q q 0 0 0 rg BT 228.98 140.00 Td (not ) Tj ET Q q 0 0 0 rg BT 243.92 140.00 Td (always, ) Tj ET Q q 0 0 0 rg BT 276.34 140.00 Td (track ) Tj ET Q q 0 0 0 rg BT 298.48 140.00 Td (the ) Tj ET Q q 0 0 0 rg BT 312.86 140.00 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 359.45 140.00 Td (of ) Tj ET Q q 0 0 0 rg BT 369.94 140.00 Td (the ) Tj ET Q q 0 0 0 rg BT 384.31 140.00 Td (residential ) Tj ET Q q 0 0 0 rg BT 428.12 140.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 468.04 140.00 Td (industry) Tj ET Q q 0 0 0 rg BT 500.17 140.00 Td (, ) Tj ET Q q 0 0 0 rg BT 504.82 140.00 Td (with ) Tj ET Q q 0 0 0 rg BT 524.76 140.00 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 81.78 128.00 Td (in ) Tj ET Q q 0 0 0 rg BT 91.85 128.00 Td (the ) Tj ET Q q 0 0 0 rg BT 106.36 128.00 Td (second ) Tj ET Q q 0 0 0 rg BT 136.42 128.00 Td (and ) Tj ET Q q 0 0 0 rg BT 153.15 128.00 Td (third ) Tj ET Q q 0 0 0 rg BT 174.33 128.00 Td (quarters ) Tj ET Q q 0 0 0 rg BT 208.83 128.00 Td (and ) Tj ET Q q 0 0 0 rg BT 225.56 128.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 259.49 128.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 291.78 128.00 Td (in ) Tj ET Q q 0 0 0 rg BT 301.85 128.00 Td (the ) Tj ET Q q 0 0 0 rg BT 316.35 128.00 Td (first ) Tj ET Q q 0 0 0 rg BT 334.75 128.00 Td (and ) Tj ET Q q 0 0 0 rg BT 351.48 128.00 Td (fourth ) Tj ET Q q 0 0 0 rg BT 378.21 128.00 Td (quarters ) Tj ET Q q 0 0 0 rg BT 412.71 128.00 Td (as ) Tj ET Q q 0 0 0 rg BT 423.33 128.00 Td (home ) Tj ET Q q 0 0 0 rg BT 447.84 128.00 Td (buyers ) Tj ET Q q 0 0 0 rg BT 476.79 128.00 Td (tend ) Tj ET Q q 0 0 0 rg BT 496.30 128.00 Td (to ) Tj ET Q q 0 0 0 rg BT 506.37 128.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 544.20 128.00 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.00 Td (homes ) Tj ET Q q 0 0 0 rg BT 78.27 116.00 Td (during ) Tj ET Q q 0 0 0 rg BT 107.04 116.00 Td (the ) Tj ET Q q 0 0 0 rg BT 121.92 116.00 Td (spring ) Tj ET Q q 0 0 0 rg BT 149.58 116.00 Td (and ) Tj ET Q q 0 0 0 rg BT 166.68 116.00 Td (summer ) Tj ET Q q 0 0 0 rg BT 201.56 116.00 Td (in ) Tj ET Q q 0 0 0 rg BT 212.00 116.00 Td (order ) Tj ET Q q 0 0 0 rg BT 235.75 116.00 Td (to ) Tj ET Q q 0 0 0 rg BT 246.19 116.00 Td (move ) Tj ET Q q 0 0 0 rg BT 271.07 116.00 Td (to ) Tj ET Q q 0 0 0 rg BT 281.51 116.00 Td (a ) Tj ET Q q 0 0 0 rg BT 288.61 116.00 Td (new ) Tj ET Q q 0 0 0 rg BT 307.93 116.00 Td (home ) Tj ET Q q 0 0 0 rg BT 332.81 116.00 Td (before ) Tj ET Q q 0 0 0 rg BT 361.01 116.00 Td (the ) Tj ET Q q 0 0 0 rg BT 375.89 116.00 Td (start ) Tj ET Q q 0 0 0 rg BT 395.76 116.00 Td (of ) Tj ET Q q 0 0 0 rg BT 406.76 116.00 Td (the ) Tj ET Q q 0 0 0 rg BT 421.63 116.00 Td (school ) Tj ET Q q 0 0 0 rg BT 450.40 116.00 Td (year) Tj ET Q q 0 0 0 rg BT 467.06 116.00 Td (. ) Tj ET Q q 0 0 0 rg BT 472.22 116.00 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 513.76 116.00 Td (volumes ) Tj ET Q q 0 0 0 rg BT 550.31 116.00 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.00 Td (also ) Tj ET Q q 0 0 0 rg BT 68.07 104.00 Td (impacted ) Tj ET Q q 0 0 0 rg BT 107.19 104.00 Td (by ) Tj ET Q q 0 0 0 rg BT 119.65 104.00 Td (other ) Tj ET Q q 0 0 0 rg BT 142.66 104.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 172.33 104.00 Td (such ) Tj ET Q q 0 0 0 rg BT 193.12 104.00 Td (as ) Tj ET Q q 0 0 0 rg BT 203.92 104.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 235.81 104.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 253.26 104.00 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 305.44 104.00 Td (home ) Tj ET Q q 0 0 0 rg BT 330.12 104.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 348.13 104.00 Td (activity) Tj ET Q q 0 0 0 rg BT 377.47 104.00 Td (, ) Tj ET Q q 0 0 0 rg BT 382.43 104.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 425.99 104.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 460.66 104.00 Td (such ) Tj ET Q q 0 0 0 rg BT 481.45 104.00 Td (as ) Tj ET Q q 0 0 0 rg BT 492.25 104.00 Td (the ) Tj ET Q q 0 0 0 rg BT 506.75 104.00 Td (TILA-RESP) Tj ET Q q 0 0 0 rg BT 555.83 104.00 Td (A) Tj ET Q q 0 0 0 rg BT 562.50 104.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.00 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 91.83 92.00 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 136.40 92.00 Td (rule ) Tj ET Q q 0 0 0 rg BT 153.75 92.00 Td (which ) Tj ET Q q 0 0 0 rg BT 179.99 92.00 Td (became ) Tj ET Q q 0 0 0 rg BT 212.32 92.00 Td (ef) Tj ET Q q 0 0 0 rg BT 219.91 92.00 Td (fective ) Tj ET Q q 0 0 0 rg BT 248.91 92.00 Td (in ) Tj ET Q q 0 0 0 rg BT 258.49 92.00 Td (October ) Tj ET Q q 0 0 0 rg BT 292.50 92.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 316.80 92.00 Td (and ) Tj ET Q q 0 0 0 rg BT 333.04 92.00 Td (general ) Tj ET Q q 0 0 0 rg BT 364.26 92.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 404.94 92.00 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 450.90 92.00 Td (which ) Tj ET Q q 0 0 0 rg BT 477.14 92.00 Td (can ) Tj ET Q q 0 0 0 rg BT 492.82 92.00 Td (lead ) Tj ET Q q 0 0 0 rg BT 511.28 92.00 Td (to ) Tj ET Q q 0 0 0 rg BT 520.86 92.00 Td (departures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.00 Td (from ) Tj ET Q q 0 0 0 rg BT 71.80 80.00 Td (the ) Tj ET Q q 0 0 0 rg BT 86.88 80.00 Td (typical ) Tj ET Q q 0 0 0 rg BT 116.96 80.00 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 153.70 80.00 Td (pattern. ) Tj ET Q q 0 0 0 rg BT 186.82 80.00 Td (For ) Tj ET Q q 0 0 0 rg BT 203.58 80.00 Td (example, ) Tj ET Q q 0 0 0 rg BT 242.81 80.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 282.32 80.00 Td (in ) Tj ET Q q 0 0 0 rg BT 292.96 80.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 333.59 80.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 365.88 80.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 387.62 80.00 Td (could ) Tj ET Q q 0 0 0 rg BT 412.70 80.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 442.21 80.00 Td (the ) Tj ET Q q 0 0 0 rg BT 457.29 80.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 490.15 80.00 Td (of ) Tj ET Q q 0 0 0 rg BT 501.34 80.00 Td (new ) Tj ET Q q 0 0 0 rg BT 520.86 80.00 Td (mortgages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.00 Td (originated ) Tj ET Q q 0 0 0 rg BT 92.19 68.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 111.27 68.00 Td (in ) Tj ET Q q 0 0 0 rg BT 121.20 68.00 Td (particular) Tj ET Q q 0 0 0 rg BT 159.11 68.00 Td (, ) Tj ET Q q 0 0 0 rg BT 163.75 68.00 Td (the ) Tj ET Q q 0 0 0 rg BT 178.12 68.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 210.26 68.00 Td (of ) Tj ET Q q 0 0 0 rg BT 220.73 68.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 260.64 68.00 Td (refinancings. ) Tj ET Q q 0 0 0 rg BT 314.71 68.00 Td (Specifically) Tj ET Q q 0 0 0 rg BT 361.82 68.00 Td (, ) Tj ET Q q 0 0 0 rg BT 366.47 68.00 Td (recent ) Tj ET Q q 0 0 0 rg BT 393.04 68.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 431.83 68.00 Td (in ) Tj ET Q q 0 0 0 rg BT 441.75 68.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 473.33 68.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 494.36 68.00 Td (may ) Tj ET Q q 0 0 0 rg BT 513.72 68.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 550.28 68.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 81.48 56.00 Td (of ) Tj ET Q q 0 0 0 rg BT 91.80 56.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 131.55 56.00 Td (refinancings ) Tj ET Q q 0 0 0 rg BT 182.96 56.00 Td (in ) Tj ET Q q 0 0 0 rg BT 192.72 56.00 Td (2017. ) Tj ET Q q 0 0 0 rg BT 217.07 56.00 Td (W) Tj ET Q q 0 0 0 rg BT 225.70 56.00 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.13 56.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 270.21 56.00 Td (estimate ) Tj ET Q q 0 0 0 rg BT 305.51 56.00 Td (that ) Tj ET Q q 0 0 0 rg BT 322.50 56.00 Td (approximately) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.25 56.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.24 56.00 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.57 56.00 Td ( ) Tj ET Q q 0 0 0 rg BT 402.56 56.00 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.32 56.00 Td (45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 56.00 Td ( ) Tj ET Q q 0 0 0 rg BT 432.64 56.00 Td (of ) Tj ET Q q 0 0 0 rg BT 442.96 56.00 Td (our ) Tj ET Q q 0 0 0 rg BT 458.27 56.00 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.79 56.00 Td (have ) Tj ET Q q 0 0 0 rg BT 516.66 56.00 Td (some ) Tj ET Q q 0 0 0 rg BT 539.75 56.00 Td (direct ) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 92.97 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.11 740.10 Td (volume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.11 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 137.80 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 155.71 740.10 Td (base ) Tj ET Q q 0 0 0 rg BT 175.84 740.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 190.40 740.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 221.65 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.34 740.10 Td (success ) Tj ET Q q 0 0 0 rg BT 264.69 740.10 Td (based ) Tj ET Q q 0 0 0 rg BT 289.82 740.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 330.22 740.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 381.47 740.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 421.87 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.67 740.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 489.90 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 524.47 740.10 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 728.10 Td (not ) Tj ET Q q 0 0 0 rg BT 79.49 728.10 Td (af) Tj ET Q q 0 0 0 rg BT 87.07 728.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 114.00 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 126.50 728.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 176.21 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.49 728.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 226.75 728.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 273.13 728.10 Td (volume.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 711.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 711.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.69 711.10 Td (are ) Tj ET Q q 0 0 0 rg BT 102.00 711.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 140.78 711.10 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 192.87 711.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.76 711.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 244.31 711.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.41 711.10 Td (we ) Tj ET Q q 0 0 0 rg BT 275.18 711.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 306.16 711.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.83 711.10 Td (help ) Tj ET Q q 0 0 0 rg BT 343.15 711.10 Td (us ) Tj ET Q q 0 0 0 rg BT 354.16 711.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 390.70 711.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.59 711.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 423.25 711.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.69 711.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 477.19 711.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 512.62 711.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.06 711.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.97 699.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 102.72 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.19 699.10 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 162.88 699.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.25 699.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 227.49 699.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 270.06 699.10 Td (while ) Tj ET Q q 0 0 0 rg BT 294.31 699.10 Td (bringing ) Tj ET Q q 0 0 0 rg BT 330.24 699.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 376.71 699.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 418.18 699.10 Td (value ) Tj ET Q q 0 0 0 rg BT 441.87 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.68 699.10 Td (our ) Tj ET Q q 0 0 0 rg BT 467.05 699.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 512.13 699.10 Td (During ) Tj ET Q q 0 0 0 rg BT 542.50 699.10 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.59 687.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 91.75 687.10 Td (we ) Tj ET Q q 0 0 0 rg BT 106.06 687.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 146.47 687.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.45 687.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 208.99 687.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.42 687.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.40 687.10 Td (research ) Tj ET Q q 0 0 0 rg BT 271.36 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.46 687.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 345.26 687.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 392.35 687.10 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 451.36 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.46 687.10 Td (data ) Tj ET Q q 0 0 0 rg BT 487.76 687.10 Td (security ) Tj ET Q q 0 0 0 rg BT 522.07 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.51 687.10 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.51 675.10 Td (user ) Tj ET Q q 0 0 0 rg BT 84.86 675.10 Td (additions, ) Tj ET Q q 0 0 0 rg BT 126.71 675.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 167.15 675.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 203.72 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.73 675.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 254.07 675.10 Td (data ) Tj ET Q q 0 0 0 rg BT 273.41 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.54 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.00 675.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 338.67 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.58 675.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 414.58 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.59 675.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.60 675.10 Td (customers) Tj ET Q q 0 0 0 rg BT 484.74 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.42 675.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 509.07 675.10 Td (W) Tj ET Q q 0 0 0 rg BT 517.71 675.10 Td (e ) Tj ET Q q 0 0 0 rg BT 524.83 675.10 Td (have ) Tj ET Q q 0 0 0 rg BT 546.39 675.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 85.73 663.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.40 663.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.63 663.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 134.97 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.31 663.10 Td (client ) Tj ET Q q 0 0 0 rg BT 177.42 663.10 Td (services ) Tj ET Q q 0 0 0 rg BT 212.53 663.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 260.97 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.65 663.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 308.98 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.66 663.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 355.32 663.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 377.65 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.88 663.10 Td (our ) Tj ET Q q 0 0 0 rg BT 405.12 663.10 Td (products ) Tj ET Q q 0 0 0 rg BT 442.45 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.79 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.47 663.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 495.04 663.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.27 663.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 554.72 663.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 106.72 651.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.72 651.10 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 161.89 651.10 Td (These ) Tj ET Q q 0 0 0 rg BT 187.44 651.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 236.89 651.10 Td (include ) Tj ET Q q 0 0 0 rg BT 267.99 651.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 311.32 651.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.32 651.10 Td (talent ) Tj ET Q q 0 0 0 rg BT 350.21 651.10 Td (across ) Tj ET Q q 0 0 0 rg BT 376.87 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.76 651.10 Td (or) Tj ET Q q 0 0 0 rg BT 398.91 651.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 442.23 651.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.90 651.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 479.46 651.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 521.12 651.10 Td (personnel. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 639.10 Td (o ) Tj ET Q q 0 0 0 rg BT 63.79 639.10 Td (support ) Tj ET Q q 0 0 0 rg BT 97.67 639.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 142.10 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.42 639.10 Td (further ) Tj ET Q q 0 0 0 rg BT 191.51 639.10 Td (dif) Tj ET Q q 0 0 0 rg BT 202.44 639.10 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 244.07 639.10 Td (ourselves, ) Tj ET Q q 0 0 0 rg BT 288.22 639.10 Td (we ) Tj ET Q q 0 0 0 rg BT 303.77 639.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 332.64 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.30 639.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 382.62 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.28 639.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 422.05 639.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.71 639.10 Td (key ) Tj ET Q q 0 0 0 rg BT 452.03 639.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 476.45 639.10 Td (such ) Tj ET Q q 0 0 0 rg BT 498.66 639.10 Td (as ) Tj ET Q q 0 0 0 rg BT 510.88 639.10 Td (research ) Tj ET Q q 0 0 0 rg BT 548.06 639.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 105.76 627.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 147.30 627.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 171.35 627.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 208.16 627.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 246.36 627.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 280.97 627.10 Td (data ) Tj ET Q q 0 0 0 rg BT 299.74 627.10 Td (security) Tj ET Q q 0 0 0 rg BT 330.75 627.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.36 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.91 627.10 Td (data ) Tj ET Q q 0 0 0 rg BT 370.67 627.10 Td (center ) Tj ET Q q 0 0 0 rg BT 397.21 627.10 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 455.53 627.10 Td (This ) Tj ET Q q 0 0 0 rg BT 475.42 627.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 510.85 627.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.55 615.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.60 615.10 Td (hybrid ) Tj ET Q q 0 0 0 rg BT 105.44 615.10 Td (cloud ) Tj ET Q q 0 0 0 rg BT 130.37 615.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 186.96 615.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.46 615.10 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 255.71 615.10 Td (new ) Tj ET Q q 0 0 0 rg BT 275.09 615.10 Td (users ) Tj ET Q q 0 0 0 rg BT 298.36 615.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.53 615.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.58 615.10 Td (next ) Tj ET Q q 0 0 0 rg BT 351.52 615.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 396.44 615.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 444.71 615.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 484.37 615.10 Td (which ) Tj ET Q q 0 0 0 rg BT 511.53 615.10 Td (we ) Tj ET Q q 0 0 0 rg BT 525.91 615.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 554.72 615.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.10 Td (incrementally ) Tj ET Q q 0 0 0 rg BT 105.78 603.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 144.85 603.10 Td (during ) Tj ET Q q 0 0 0 rg BT 172.27 603.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 193.57 603.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.32 603.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 233.12 603.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.33 603.10 Td (The ) Tj ET Q q 0 0 0 rg BT 251.19 603.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 272.49 603.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 314.89 603.10 Td (with ) Tj ET Q q 0 0 0 rg BT 333.98 603.10 Td (these ) Tj ET Q q 0 0 0 rg BT 355.83 603.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 404.91 603.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 437.87 603.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.96 603.10 Td (a ) Tj ET Q q 0 0 0 rg BT 452.70 603.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 467.33 603.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 489.75 603.10 Td (mar) Tj ET Q q 0 0 0 rg BT 505.12 603.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 519.20 603.10 Td (percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 591.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.65 591.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 105.12 591.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 144.60 591.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 182.41 591.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.90 591.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 213.62 591.10 Td (as ) Tj ET Q q 0 0 0 rg BT 223.66 591.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 264.80 591.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.29 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.22 591.10 Td (same ) Tj ET Q q 0 0 0 rg BT 310.48 591.10 Td (period ) Tj ET Q q 0 0 0 rg BT 337.74 591.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.23 591.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 371.32 591.10 Td (W) Tj ET Q q 0 0 0 rg BT 379.96 591.10 Td (e ) Tj ET Q q 0 0 0 rg BT 386.11 591.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 413.92 591.10 Td (that ) Tj ET Q q 0 0 0 rg BT 430.63 591.10 Td (our ) Tj ET Q q 0 0 0 rg BT 445.67 591.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 463.50 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.54 591.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 510.79 591.10 Td (will ) Tj ET Q q 0 0 0 rg BT 528.06 591.10 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.42 579.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 98.32 579.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.24 579.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 147.71 579.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 179.07 579.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.54 579.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.01 579.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 248.69 579.10 Td (increase, ) Tj ET Q q 0 0 0 rg BT 288.09 579.10 Td (as ) Tj ET Q q 0 0 0 rg BT 300.56 579.10 Td (we ) Tj ET Q q 0 0 0 rg BT 316.36 579.10 Td (make ) Tj ET Q q 0 0 0 rg BT 342.16 579.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 386.29 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.87 579.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 453.97 579.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 505.89 579.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.81 579.10 Td (bolster ) Tj ET Q q 0 0 0 rg BT 549.17 579.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 105.99 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.05 567.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 158.43 567.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.38 567.10 Td (system ) Tj ET Q q 0 0 0 rg BT 204.79 567.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 237.45 567.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.57 567.10 Td (reliability) Tj ET Q q 0 0 0 rg BT 280.80 567.10 Td (, ) Tj ET Q q 0 0 0 rg BT 285.92 567.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.99 567.10 Td (data ) Tj ET Q q 0 0 0 rg BT 322.27 567.10 Td (security) Tj ET Q q 0 0 0 rg BT 353.27 567.10 Td (, ) Tj ET Q q 0 0 0 rg BT 358.40 567.10 Td (as ) Tj ET Q q 0 0 0 rg BT 369.35 567.10 Td (we ) Tj ET Q q 0 0 0 rg BT 383.64 567.10 Td (place ) Tj ET Q q 0 0 0 rg BT 407.35 567.10 Td (new ) Tj ET Q q 0 0 0 rg BT 426.64 567.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 476.47 567.10 Td (software ) Tj ET Q q 0 0 0 rg BT 513.52 567.10 Td (into ) Tj ET Q q 0 0 0 rg BT 531.70 567.10 Td (service, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.40 555.10 Td (we ) Tj ET Q q 0 0 0 rg BT 74.62 555.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 103.85 555.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 146.40 555.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 182.84 555.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 235.68 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.69 555.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.58 555.10 Td (we ) Tj ET Q q 0 0 0 rg BT 277.81 555.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 314.81 555.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.15 555.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 343.26 555.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 384.71 555.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.05 555.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.95 555.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 476.28 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.28 555.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 532.50 555.10 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 100.82 543.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.04 543.10 Td (support ) Tj ET Q q 0 0 0 rg BT 143.49 543.10 Td (new ) Tj ET Q q 0 0 0 rg BT 162.59 543.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 205.58 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.47 543.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 255.46 543.10 Td (new ) Tj ET Q q 0 0 0 rg BT 274.57 543.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 311.18 543.10 Td (As ) Tj ET Q q 0 0 0 rg BT 324.74 543.10 Td (we ) Tj ET Q q 0 0 0 rg BT 338.84 543.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 375.72 543.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.94 543.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 412.28 543.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.50 543.10 Td (these ) Tj ET Q q 0 0 0 rg BT 445.49 543.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 470.97 543.10 Td (such ) Tj ET Q q 0 0 0 rg BT 491.75 543.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 545.29 543.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 531.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 531.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.40 531.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 118.46 531.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.73 531.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 164.56 531.10 Td (our ) Tj ET Q q 0 0 0 rg BT 180.39 531.10 Td (mar) Tj ET Q q 0 0 0 rg BT 195.75 531.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 214.92 531.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.75 531.10 Td (we ) Tj ET Q q 0 0 0 rg BT 239.92 531.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 262.97 531.10 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 514.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.33 514.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 118.60 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.88 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.71 514.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 177.75 514.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 222.19 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.02 514.10 Td (business ) Tj ET Q q 0 0 0 rg BT 274.41 514.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 308.57 514.10 Td (has ) Tj ET Q q 0 0 0 rg BT 324.40 514.10 Td (evolved ) Tj ET Q q 0 0 0 rg BT 358.55 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.83 514.10 Td (address ) Tj ET Q q 0 0 0 rg BT 401.32 514.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 428.25 514.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 463.53 514.10 Td (trends, ) Tj ET Q q 0 0 0 rg BT 492.96 514.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 497.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 497.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 133.75 497.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 157.91 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 170.41 497.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 217.89 497.10 Td (ef) Tj ET Q q 0 0 0 rg BT 225.48 497.10 Td (ficiencies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 480.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 480.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 146.55 480.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 184.04 480.10 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 242.08 480.10 Td (strategies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 463.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 463.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 138.21 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.49 463.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 191.53 463.10 Td (af) Tj ET Q q 0 0 0 rg BT 199.12 463.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 229.38 463.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 260.76 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.69 463.10 Td (investors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 446.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 446.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 143.75 446.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 174.03 446.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 214.30 446.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 250.68 446.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.18 446.10 Td (regulators, ) Tj ET Q q 0 0 0 rg BT 308.17 446.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 342.04 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.98 446.10 Td (investors; ) Tj ET Q q 0 0 0 rg BT 400.37 446.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 429.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 429.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 133.75 429.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 157.91 429.10 Td (by ) Tj ET Q q 0 0 0 rg BT 170.41 429.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 213.46 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.40 429.10 Td (regulators ) Tj ET Q q 0 0 0 rg BT 272.88 429.10 Td (on ) Tj ET Q q 0 0 0 rg BT 285.38 429.10 Td (data ) Tj ET Q q 0 0 0 rg BT 304.54 429.10 Td (security ) Tj ET Q q 0 0 0 rg BT 338.70 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.63 429.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 397.01 429.10 Td (privacy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 411.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 411.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 411.10 Td (are ) Tj ET Q q 0 0 0 rg BT 102.78 411.10 Td (responding ) Tj ET Q q 0 0 0 rg BT 149.72 411.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.00 411.10 Td (these ) Tj ET Q q 0 0 0 rg BT 183.05 411.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 209.99 411.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.82 411.10 Td (follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 394.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 84.24 394.10 Td (eater ) Tj ET Q q 0 0 0 rg BT 108.00 394.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 132.32 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.53 394.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 195.40 394.10 Td (efficiencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.88 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.36 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 267.12 394.10 Td (average ) Tj ET Q q 0 0 0 rg BT 301.41 394.10 Td (total ) Tj ET Q q 0 0 0 rg BT 322.39 394.10 Td (production ) Tj ET Q q 0 0 0 rg BT 368.93 394.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 388.25 394.10 Td (per ) Tj ET Q q 0 0 0 rg BT 404.23 394.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 424.65 394.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.42 394.10 Td ($6,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.92 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.13 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.12 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.54 394.10 Td (third ) Tj ET Q q 0 0 0 rg BT 522.64 394.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.17 394.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 382.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 72.00 386.63 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.25 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.54 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 86.18 382.10 Td (e ) Tj ET Q q 0 0 0 rg BT 93.09 382.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 121.66 382.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 169.11 382.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 191.58 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.83 382.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 238.74 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.99 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 260.90 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 267.81 382.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 312.49 382.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 368.84 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.97 382.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 423.21 382.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 469.00 382.10 Td (due ) Tj ET Q q 0 0 0 rg BT 485.91 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.17 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.85 382.10 Td (continuously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 88.10 370.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 131.15 370.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 183.64 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.03 370.10 Td (heightened ) Tj ET Q q 0 0 0 rg BT 245.85 370.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 275.57 370.10 Td (standards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.34 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 317.79 370.10 Td (By ) Tj ET Q q 0 0 0 rg BT 331.41 370.10 Td (automating ) Tj ET Q q 0 0 0 rg BT 378.35 370.10 Td (many ) Tj ET Q q 0 0 0 rg BT 402.52 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.80 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.96 370.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 466.13 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.41 370.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 516.12 370.10 Td (origination, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.86 358.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 92.66 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.69 358.10 Td (users ) Tj ET Q q 0 0 0 rg BT 131.94 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.42 358.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 175.12 358.10 Td (with ) Tj ET Q q 0 0 0 rg BT 195.60 358.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 242.73 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.87 358.10 Td (process ) Tj ET Q q 0 0 0 rg BT 292.57 358.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 323.04 358.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 346.85 358.10 Td (more ) Tj ET Q q 0 0 0 rg BT 370.10 358.10 Td (ef) Tj ET Q q 0 0 0 rg BT 377.69 358.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 413.71 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.85 358.10 Td (ef) Tj ET Q q 0 0 0 rg BT 438.44 358.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 472.77 358.10 Td (. ) Tj ET Q q 0 0 0 rg BT 477.78 358.10 Td (This ) Tj ET Q q 0 0 0 rg BT 498.26 358.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 531.49 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.41 358.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.94 346.10 Td (originating ) Tj ET Q q 0 0 0 rg BT 107.92 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.47 346.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 135.79 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.33 346.10 Td (lowers ) Tj ET Q q 0 0 0 rg BT 183.10 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.42 346.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 216.53 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.96 346.10 Td (buy-back ) Tj ET Q q 0 0 0 rg BT 268.27 346.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 306.93 346.10 Td (from ) Tj ET Q q 0 0 0 rg BT 329.47 346.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 368.68 346.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 406.79 346.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.33 346.10 Td (poorly ) Tj ET Q q 0 0 0 rg BT 458.54 346.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 502.19 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.63 346.10 Td (documented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 73.71 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.14 334.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 109.35 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 127.44 334.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 143.87 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.74 334.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 187.84 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 208.72 334.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 252.90 334.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 302.71 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.35 334.10 Td (e ) Tj ET Q q 0 0 0 rg BT 318.89 334.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 366.98 334.10 Td (address ) Tj ET Q q 0 0 0 rg BT 400.07 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.39 334.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 455.14 334.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 481.01 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.44 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.87 334.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 552.51 334.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 95.85 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.20 322.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 155.21 322.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 176.58 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.27 322.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 210.40 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 223.98 322.10 Td (simplified ) Tj ET Q q 0 0 0 rg BT 266.45 322.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 309.45 322.10 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 359.96 322.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 399.63 322.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 446.53 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.77 322.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 508.40 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.76 322.10 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (system ) Tj ET Q q 0 0 0 rg BT 79.78 310.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 133.38 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.32 310.10 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.54 293.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 94.68 293.10 Td (an ) Tj ET Q q 0 0 0 rg BT 106.70 293.10 Td (eye ) Tj ET Q q 0 0 0 rg BT 123.16 293.10 Td (towards ) Tj ET Q q 0 0 0 rg BT 157.40 293.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 198.87 293.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 242.00 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 262.36 293.10 Td (ever) Tj ET Q q 0 0 0 rg BT 279.37 293.10 Td (-improving ) Tj ET Q q 0 0 0 rg BT 326.95 293.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 348.98 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.34 293.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 394.68 293.10 Td (ef) Tj ET Q q 0 0 0 rg BT 402.27 293.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 433.82 293.10 Td (, ) Tj ET Q q 0 0 0 rg BT 438.90 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 453.14 293.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 491.82 293.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 533.27 293.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.85 293.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (will ) Tj ET Q q 0 0 0 rg BT 66.49 281.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 102.35 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.56 281.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 144.65 281.10 Td (new ) Tj ET Q q 0 0 0 rg BT 162.74 281.10 Td (service ) Tj ET Q q 0 0 0 rg BT 192.49 281.10 Td (of) Tj ET Q q 0 0 0 rg BT 200.64 281.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 229.84 281.10 Td (through ) Tj ET Q q 0 0 0 rg BT 262.38 281.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.03 281.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 296.35 281.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 315.55 281.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.54 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.97 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.84 281.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 395.93 281.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 432.36 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.12 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.88 281.10 Td (services ) Tj ET Q q 0 0 0 rg BT 490.52 281.10 Td (through ) Tj ET Q q 0 0 0 rg BT 523.06 281.10 Td (initiatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.10 269.10 Td (as ) Tj ET Q q 0 0 0 rg BT 80.70 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.29 269.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 144.11 269.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 179.70 269.10 Td (Solutions. ) Tj ET Q q 0 0 0 rg BT 222.26 269.10 Td (By ) Tj ET Q q 0 0 0 rg BT 236.20 269.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 281.79 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.49 269.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 342.42 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.01 269.10 Td (current ) Tj ET Q q 0 0 0 rg BT 388.60 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.30 269.10 Td (new ) Tj ET Q q 0 0 0 rg BT 424.23 269.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 461.21 269.10 Td (we ) Tj ET Q q 0 0 0 rg BT 475.13 269.10 Td (aim ) Tj ET Q q 0 0 0 rg BT 492.40 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.44 269.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 535.26 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 541.97 269.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 112.53 257.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 147.26 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.54 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.37 257.10 Td (users.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 240.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 118.45 240.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 157.18 240.10 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 215.89 240.10 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 260.45 240.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.62 240.10 Td (Customers ) Tj ET Q q 0 0 0 rg BT 309.57 240.10 Td (are ) Tj ET Q q 0 0 0 rg BT 324.95 240.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 372.55 240.10 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 431.26 240.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 472.19 240.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 504.80 240.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.41 240.10 Td (single ) Tj ET Q q 0 0 0 rg BT 539.47 240.10 Td (retail, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (correspondent ) Tj ET Q q 0 0 0 rg BT 107.51 228.10 Td (or ) Tj ET Q q 0 0 0 rg BT 117.20 228.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 158.55 228.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 197.68 228.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 229.04 228.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 261.50 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.64 228.10 Td (order ) Tj ET Q q 0 0 0 rg BT 293.10 228.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.24 228.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 324.16 228.10 Td (their ) Tj ET Q q 0 0 0 rg BT 343.85 228.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 389.83 228.10 Td (The ) Tj ET Q q 0 0 0 rg BT 406.74 228.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 460.31 228.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.00 228.10 Td (these ) Tj ET Q q 0 0 0 rg BT 491.92 228.10 Td (dif) Tj ET Q q 0 0 0 rg BT 502.84 228.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 527.52 228.10 Td (channels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 70.53 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.24 216.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.28 216.10 Td (order ) Tj ET Q q 0 0 0 rg BT 123.64 216.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.68 216.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 172.94 216.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.64 216.10 Td (single ) Tj ET Q q 0 0 0 rg BT 207.79 216.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 248.82 216.10 Td (system, ) Tj ET Q q 0 0 0 rg BT 282.36 216.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 326.17 216.10 Td (must ) Tj ET Q q 0 0 0 rg BT 348.88 216.10 Td (use ) Tj ET Q q 0 0 0 rg BT 365.48 216.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.18 216.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 401.45 216.10 Td (system ) Tj ET Q q 0 0 0 rg BT 432.49 216.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.53 216.10 Td (customizable ) Tj ET Q q 0 0 0 rg BT 509.55 216.10 Td (functionality) Tj ET Q q 0 0 0 rg BT 560.00 216.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.29 204.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 132.85 204.10 Td (support ) Tj ET Q q 0 0 0 rg BT 165.09 204.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.99 204.10 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 236.76 204.10 Td (workflows, ) Tj ET Q q 0 0 0 rg BT 284.28 204.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 321.51 204.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.08 204.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 379.86 204.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.88 204.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 412.67 204.10 Td (ef) Tj ET Q q 0 0 0 rg BT 420.25 204.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 460.80 204.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.48 204.10 Td (boost ) Tj ET Q q 0 0 0 rg BT 501.39 204.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 552.51 204.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (creating ) Tj ET Q q 0 0 0 rg BT 83.39 192.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 114.51 192.10 Td (workflows ) Tj ET Q q 0 0 0 rg BT 158.97 192.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.31 192.10 Td (each ) Tj ET Q q 0 0 0 rg BT 192.31 192.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 225.09 192.10 Td (that ) Tj ET Q q 0 0 0 rg BT 241.77 192.10 Td (map ) Tj ET Q q 0 0 0 rg BT 260.67 192.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.13 192.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.14 192.10 Td (customers) Tj ET Q q 0 0 0 rg BT 328.28 192.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.96 192.10 Td (business ) Tj ET Q q 0 0 0 rg BT 365.54 192.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 392.49 192.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 439.72 192.10 Td (users ) Tj ET Q q 0 0 0 rg BT 461.96 192.10 Td (can ) Tj ET Q q 0 0 0 rg BT 477.52 192.10 Td (customize ) Tj ET Q q 0 0 0 rg BT 519.74 192.10 Td (workflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.20 180.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.14 180.10 Td (channel, ) Tj ET Q q 0 0 0 rg BT 121.67 180.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 140.82 180.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 174.41 180.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.68 180.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 217.71 180.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 236.86 180.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 267.11 180.10 Td (- ) Tj ET Q q 0 0 0 rg BT 272.37 180.10 Td (all ) Tj ET Q q 0 0 0 rg BT 284.30 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.57 180.10 Td (which ) Tj ET Q q 0 0 0 rg BT 320.94 180.10 Td (can ) Tj ET Q q 0 0 0 rg BT 336.75 180.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 356.46 180.10 Td (between ) Tj ET Q q 0 0 0 rg BT 391.71 180.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 423.64 180.10 Td (channels. ) Tj ET Q q 0 0 0 rg BT 462.63 180.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 512.53 180.10 Td (, ) Tj ET Q q 0 0 0 rg BT 516.97 180.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 93.35 168.10 Td (Connect ) Tj ET Q q 0 0 0 rg BT 129.42 168.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 162.15 168.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.23 168.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 221.52 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.04 168.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 270.33 168.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 294.18 168.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 327.46 168.10 Td (from ) Tj ET Q q 0 0 0 rg BT 349.65 168.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 392.93 168.10 Td (by ) Tj ET Q q 0 0 0 rg BT 405.68 168.10 Td (of) Tj ET Q q 0 0 0 rg BT 413.83 168.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 440.45 168.10 Td (an ) Tj ET Q q 0 0 0 rg BT 452.63 168.10 Td (online ) Tj ET Q q 0 0 0 rg BT 480.37 168.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 500.33 168.10 Td (application ) Tj ET Q q 0 0 0 rg BT 547.50 168.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.10 Td (can ) Tj ET Q q 0 0 0 rg BT 65.88 156.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.82 156.10 Td (accessed ) Tj ET Q q 0 0 0 rg BT 115.29 156.10 Td (by ) Tj ET Q q 0 0 0 rg BT 127.79 156.10 Td (anyone ) Tj ET Q q 0 0 0 rg BT 159.17 156.10 Td (with ) Tj ET Q q 0 0 0 rg BT 179.45 156.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.38 156.10 Td (web ) Tj ET Q q 0 0 0 rg BT 205.54 156.10 Td (browser) Tj ET Q q 0 0 0 rg BT 237.21 156.10 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 90.50 Td (________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.15 66.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 62.27 Td (Mortgage Bankers ) Tj ET Q q 0 0 0 rg BT 142.59 62.27 Td (Association, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 194.81 62.27 Td (Independent Mortgage Bank V) Tj ET Q q 0 0 0 rg BT 316.72 62.27 Td (olumes Up, Pr) Tj ET Q q 0 0 0 rg BT 374.40 62.27 Td (oduction Pr) Tj ET Q q 0 0 0 rg BT 421.52 62.27 Td (ofits Stable in 3r) Tj ET Q q 0 0 0 rg BT 487.54 62.27 Td (d Quarter 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 52.27 Td (December 7, 2016.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (33) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 111.18 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.63 740.10 Td (r) Tj ET Q q 0 0 0 rg BT 125.15 740.10 Td (egulation ) Tj ET Q q 0 0 0 rg BT 165.60 740.10 Td (affecting ) Tj ET Q q 0 0 0 rg BT 203.27 740.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 235.38 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.06 740.10 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.66 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.84 740.10 Td (Regulations ) Tj ET Q q 0 0 0 rg BT 347.29 740.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 384.40 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.85 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.97 740.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 437.97 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.42 740.10 Td (change ) Tj ET Q q 0 0 0 rg BT 479.41 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.53 740.10 Td (many ) Tj ET Q q 0 0 0 rg BT 521.42 740.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (reforms ) Tj ET Q q 0 0 0 rg BT 82.94 728.10 Td (have ) Tj ET Q q 0 0 0 rg BT 104.16 728.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 156.49 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 196.59 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.15 728.10 Td (complexity ) Tj ET Q q 0 0 0 rg BT 258.48 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.26 728.10 Td (importance ) Tj ET Q q 0 0 0 rg BT 322.59 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.26 728.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 376.70 728.10 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 427.46 728.10 Td (W) Tj ET Q q 0 0 0 rg BT 436.10 728.10 Td (e ) Tj ET Q q 0 0 0 rg BT 442.88 728.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 471.88 728.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 524.75 728.10 Td (resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.60 716.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 106.91 716.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 141.43 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.08 716.10 Td (software ) Tj ET Q q 0 0 0 rg BT 193.83 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.92 716.10 Td (help ) Tj ET Q q 0 0 0 rg BT 223.46 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.11 716.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 281.97 716.10 Td (address ) Tj ET Q q 0 0 0 rg BT 314.28 716.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 357.69 716.10 Td (changes. ) Tj ET Q q 0 0 0 rg BT 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q 0 0 0 rg BT 443.35 704.10 Td (mandated ) Tj ET Q q 0 0 0 rg BT 483.76 704.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 531.40 704.10 Td (policies) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.14 692.10 Td (also ) Tj ET Q q 0 0 0 rg BT 86.46 692.10 Td (alerts ) Tj ET Q q 0 0 0 rg BT 111.32 692.10 Td (users ) Tj ET Q q 0 0 0 rg BT 135.08 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.06 692.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 182.04 692.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 224.69 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.23 692.10 Td (these ) Tj ET Q q 0 0 0 rg BT 259.98 692.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 281.52 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.16 692.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 335.97 692.10 Td (In ) Tj ET Q q 0 0 0 rg BT 347.51 692.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 385.98 692.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.85 692.10 Td (have ) Tj ET Q q 0 0 0 rg BT 422.93 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.58 692.10 Td (staf) Tj ET Q q 0 0 0 rg BT 444.83 692.10 Td (f ) Tj ET Q q 0 0 0 rg BT 451.37 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.91 692.10 Td (attorneys ) Tj ET Q q 0 0 0 rg BT 502.77 692.10 Td (that ) Tj ET Q q 0 0 0 rg BT 520.97 692.10 Td (work ) Tj ET Q q 0 0 0 rg BT 544.72 692.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 97.08 680.10 Td (experts ) Tj ET Q q 0 0 0 rg BT 127.45 680.10 Td (who ) Tj ET Q q 0 0 0 rg BT 146.17 680.10 Td (help ) Tj ET Q q 0 0 0 rg BT 164.88 680.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 192.47 680.10 Td (that ) Tj ET Q q 0 0 0 rg BT 208.96 680.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 253.78 680.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 290.25 680.10 Td (using ) Tj ET Q q 0 0 0 rg BT 313.42 680.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.24 680.10 Td (software ) Tj ET Q q 0 0 0 rg BT 364.16 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.10 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.81 680.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 433.62 680.10 Td (recommended ) Tj ET Q q 0 0 0 rg BT 491.76 680.10 Td (by ) Tj ET Q q 0 0 0 rg BT 503.25 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 680.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (workflow ) Tj ET Q q 0 0 0 rg BT 90.07 668.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 121.75 668.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.22 668.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 184.00 668.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 205.13 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.25 668.10 Td (regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.87 668.10 Td (For ) Tj ET Q q 0 0 0 rg BT 285.45 668.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 323.51 668.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 365.19 668.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 386.33 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.46 668.10 Td (product ) Tj ET Q q 0 0 0 rg BT 434.69 668.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 466.93 668.10 Td (were ) Tj ET Q q 0 0 0 rg BT 488.04 668.10 Td (required ) Tj ET Q q 0 0 0 rg BT 523.05 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.52 668.10 Td (address ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.16 656.10 Td (Ability-to-Repay/Qualified ) Tj ET Q q 0 0 0 rg BT 173.88 656.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 214.61 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.90 656.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 262.74 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.04 656.10 Td (State ) Tj ET Q q 0 0 0 rg BT 300.89 656.10 Td (High ) Tj ET Q q 0 0 0 rg BT 322.74 656.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 342.93 656.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 364.23 656.10 Td (that ) Tj ET Q q 0 0 0 rg BT 381.08 656.10 Td (became ) Tj ET Q q 0 0 0 rg BT 413.46 656.10 Td (ef) Tj ET Q q 0 0 0 rg BT 421.05 656.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 450.11 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.74 656.10 Td (January ) Tj ET Q q 0 0 0 rg BT 492.69 656.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.69 656.10 Td (. ) Tj ET Q q 0 0 0 rg BT 517.05 656.10 Td (In ) Tj ET Q q 0 0 0 rg BT 527.23 656.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.09 644.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 96.67 644.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 125.80 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.06 644.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.32 644.10 Td (products ) Tj ET Q q 0 0 0 rg BT 187.68 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.39 644.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 229.31 644.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.02 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.02 644.10 Td (TILA-RESP) Tj ET Q q 0 0 0 rg BT 312.10 644.10 Td (A) Tj ET Q q 0 0 0 rg BT 318.77 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.70 644.10 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 363.16 644.10 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 407.86 644.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 425.33 644.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 459.47 644.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.39 644.10 Td (took ) Tj ET Q q 0 0 0 rg BT 496.10 644.10 Td (ef) Tj ET Q q 0 0 0 rg BT 503.68 644.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 520.60 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.30 644.10 Td (October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 74.69 632.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.33 632.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.67 632.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 122.44 632.10 Td (we ) Tj ET Q q 0 0 0 rg BT 137.01 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 152.11 632.10 Td (also ) Tj ET Q q 0 0 0 rg BT 171.13 632.10 Td (well-positioned ) Tj ET Q q 0 0 0 rg BT 236.24 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.92 632.10 Td (help ) Tj ET Q q 0 0 0 rg BT 267.04 632.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.27 632.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 326.72 632.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 359.62 632.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.30 632.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 419.85 632.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 463.85 632.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 518.95 632.10 Td (as ) Tj ET Q q 0 0 0 rg BT 530.18 632.10 Td (they ) Tj ET Q q 0 0 0 rg BT 550.30 632.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (published ) Tj ET Q q 0 0 0 rg BT 90.60 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.25 620.10 Td (become ) Tj ET Q q 0 0 0 rg BT 140.56 620.10 Td (ef) Tj ET Q q 0 0 0 rg BT 148.15 620.10 Td (fective. ) Tj ET Q q 0 0 0 rg BT 180.07 620.10 Td (However) Tj ET Q q 0 0 0 rg BT 216.32 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.03 620.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 255.45 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.44 620.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 299.32 620.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 319.87 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.41 620.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 377.06 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.61 620.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 424.81 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.36 620.10 Td (new ) Tj ET Q q 0 0 0 rg BT 454.23 620.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 474.78 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 485.32 620.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 531.97 620.10 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.52 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.97 608.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 120.86 608.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 161.87 608.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 197.89 608.10 Td (could ) Tj ET Q q 0 0 0 rg BT 223.34 608.10 Td (require ) Tj ET Q q 0 0 0 rg BT 254.90 608.10 Td (us ) Tj ET Q q 0 0 0 rg BT 267.03 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.05 608.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 301.83 608.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 347.29 608.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 370.53 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.54 608.10 Td (update ) Tj ET Q q 0 0 0 rg BT 411.44 608.10 Td (our ) Tj ET Q q 0 0 0 rg BT 428.01 608.10 Td (products ) Tj ET Q q 0 0 0 rg BT 465.69 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.36 608.10 Td (services ) Tj ET Q q 0 0 0 rg BT 518.81 608.10 Td (so ) Tj ET Q q 0 0 0 rg BT 530.94 608.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.18 608.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.55 596.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 122.81 596.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 165.30 596.10 Td (with ) Tj ET Q q 0 0 0 rg BT 185.58 596.10 Td (such ) Tj ET Q q 0 0 0 rg BT 206.41 596.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 227.24 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.18 596.10 Td (regulations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 579.10 Td (Incr) Tj ET Q q 0 0 0 rg BT 89.79 579.10 Td (eased ) Tj ET Q q 0 0 0 rg BT 114.07 579.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 143.36 579.10 Td (standar) Tj ET Q q 0 0 0 rg BT 173.55 579.10 Td (ds ) Tj ET Q q 0 0 0 rg BT 183.95 579.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 218.80 579.10 Td (by ) Tj ET Q q 0 0 0 rg BT 229.75 579.10 Td (r) Tj ET Q q 0 0 0 rg BT 233.27 579.10 Td (egulators, ) Tj ET Q q 0 0 0 rg BT 275.06 579.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 306.01 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.53 579.10 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.14 579.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.15 579.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 412.21 579.10 Td (is ) Tj ET Q q 0 0 0 rg BT 420.39 579.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 457.46 579.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.75 579.10 Td (automate ) Tj ET Q q 0 0 0 rg BT 504.91 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.86 579.10 Td (streamline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.84 567.10 Td (process ) Tj ET Q q 0 0 0 rg BT 95.96 567.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.41 567.10 Td (originating ) Tj ET Q q 0 0 0 rg BT 152.42 567.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 196.19 567.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 208.60 567.10 Td (among ) Tj ET Q q 0 0 0 rg BT 237.94 567.10 Td (other ) Tj ET Q q 0 0 0 rg BT 260.61 567.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 289.68 567.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 317.91 567.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 357.79 567.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 387.69 567.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 442.01 567.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.47 567.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 493.20 567.10 Td (Relevant ) Tj ET Q q 0 0 0 rg BT 530.87 567.10 Td (features ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.03 555.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 109.78 555.10 Td (include ) Tj ET Q q 0 0 0 rg BT 142.42 555.10 Td (enabling ) Tj ET Q q 0 0 0 rg BT 180.05 555.10 Td (customers) Tj ET Q q 0 0 0 rg BT 223.19 555.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.39 555.10 Td (management ) Tj ET Q q 0 0 0 rg BT 280.68 555.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.66 555.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 323.75 555.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 369.72 555.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 392.36 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.00 555.10 Td (formats, ) Tj ET Q q 0 0 0 rg BT 446.25 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.89 555.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 505.98 555.10 Td (milestone ) Tj ET Q q 0 0 0 rg BT 548.06 555.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.10 Td (process ) Tj ET Q q 0 0 0 rg BT 82.00 543.10 Td (reminders, ) Tj ET Q q 0 0 0 rg BT 126.99 543.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 171.15 543.10 Td (population ) Tj ET Q q 0 0 0 rg BT 216.43 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.27 543.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 253.10 543.10 Td (with ) Tj ET Q q 0 0 0 rg BT 273.39 543.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 309.20 543.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 330.86 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.81 543.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 383.61 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.56 543.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 444.72 543.10 Td (transmission ) Tj ET Q q 0 0 0 rg BT 497.78 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.62 543.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 528.34 543.10 Td (files ) Tj ET Q q 0 0 0 rg BT 548.07 543.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.10 Td (data ) Tj ET Q q 0 0 0 rg BT 69.53 531.10 Td (from ) Tj ET Q q 0 0 0 rg BT 92.35 531.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 139.05 531.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.21 531.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 189.70 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.51 531.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 242.27 531.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 260.95 531.10 Td (TQL) Tj ET Q q 0 0 0 rg BT 280.02 531.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.40 531.10 Td (program ) Tj ET Q q 0 0 0 rg BT 320.65 531.10 Td (is ) Tj ET Q q 0 0 0 rg BT 330.70 531.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 369.63 531.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.78 531.10 Td (further ) Tj ET Q q 0 0 0 rg BT 411.37 531.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 447.50 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.09 531.10 Td (quality) Tj ET Q q 0 0 0 rg BT 490.22 531.10 Td (, ) Tj ET Q q 0 0 0 rg BT 496.09 531.10 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 548.06 531.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.10 Td (salability ) Tj ET Q q 0 0 0 rg BT 88.70 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.57 519.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 123.21 519.10 Td (that ) Tj ET Q q 0 0 0 rg BT 140.75 519.10 Td (are ) Tj ET Q q 0 0 0 rg BT 155.49 519.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 198.57 519.10 Td (through ) Tj ET Q q 0 0 0 rg BT 232.22 519.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 282.24 519.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 332.14 519.10 Td (, ) Tj ET Q q 0 0 0 rg BT 337.00 519.10 Td (TQL) Tj ET Q q 0 0 0 rg BT 356.07 519.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.60 519.10 Td (is ) Tj ET Q q 0 0 0 rg BT 367.81 519.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 404.78 519.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.10 519.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 444.28 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.04 519.10 Td (possibility ) Tj ET Q q 0 0 0 rg BT 503.25 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.12 519.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 539.98 519.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 519.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 507.10 Td (process ) Tj ET Q q 0 0 0 rg BT 82.52 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.88 507.10 Td (transferring ) Tj ET Q q 0 0 0 rg BT 143.56 507.10 Td (information ) Tj ET Q q 0 0 0 rg BT 193.80 507.10 Td (from ) Tj ET Q q 0 0 0 rg BT 216.27 507.10 Td (originator ) Tj ET Q q 0 0 0 rg BT 258.73 507.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.54 507.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 304.78 507.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.25 507.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.06 507.10 Td (give ) Tj ET Q q 0 0 0 rg BT 353.31 507.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 392.44 507.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 439.34 507.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.14 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.39 507.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 503.94 507.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.41 507.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 495.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.09 495.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.92 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.64 495.10 Td (information ) Tj ET Q q 0 0 0 rg BT 173.35 495.10 Td (that ) Tj ET Q q 0 0 0 rg BT 190.84 495.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.01 495.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 245.84 495.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 265.55 495.10 Td (files.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 478.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.87 478.10 Td (response ) Tj ET Q q 0 0 0 rg BT 123.90 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.71 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.97 478.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 193.76 478.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 225.57 478.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 267.37 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.85 478.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 335.98 478.10 Td (mandates ) Tj ET Q q 0 0 0 rg BT 377.78 478.10 Td (af) Tj ET Q q 0 0 0 rg BT 385.37 478.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 417.17 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.42 478.10 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.55 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.09 478.10 Td (we ) Tj ET Q q 0 0 0 rg BT 487.79 478.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 517.92 478.10 Td (many ) Tj ET Q q 0 0 0 rg BT 544.17 478.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.53 466.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 137.78 466.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 169.14 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.41 466.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 206.34 466.10 Td (new ) Tj ET Q q 0 0 0 rg BT 225.48 466.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 262.40 466.10 Td (options ) Tj ET Q q 0 0 0 rg BT 294.33 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.26 466.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 342.61 466.10 Td (their ) Tj ET Q q 0 0 0 rg BT 363.42 466.10 Td (legacy ) Tj ET Q q 0 0 0 rg BT 392.00 466.10 Td (systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.67 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 428.47 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 437.11 466.10 Td (e ) Tj ET Q q 0 0 0 rg BT 444.03 466.10 Td (have ) Tj ET Q q 0 0 0 rg BT 465.39 466.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 505.63 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.34 466.10 Td (size ) Tj ET Q q 0 0 0 rg BT 538.37 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 466.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.99 454.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 138.21 454.10 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 206.32 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.59 454.10 Td (support ) Tj ET Q q 0 0 0 rg BT 256.43 454.10 Td (teams ) Tj ET Q q 0 0 0 rg BT 282.59 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.43 454.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.03 454.10 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.36 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.20 454.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.48 454.10 Td (324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.48 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.31 454.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 462.92 454.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.97 454.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 531.89 454.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.89 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.73 454.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.00 442.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 112.26 442.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.98 442.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 180.56 442.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.56 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.06 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.34 442.10 Td (order ) Tj ET Q q 0 0 0 rg BT 236.94 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.22 442.10 Td (address ) Tj ET Q q 0 0 0 rg BT 279.71 442.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 326.08 442.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 360.23 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.39 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 390.22 442.10 Td (software ) Tj ET Q q 0 0 0 rg BT 427.15 442.10 Td (solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.27 442.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 425.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 83.24 425.10 Td (eater ) Tj ET Q q 0 0 0 rg BT 105.29 425.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 127.91 425.10 Td (by ) Tj ET Q q 0 0 0 rg BT 138.85 425.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 180.90 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.41 425.10 Td (r) Tj ET Q q 0 0 0 rg BT 200.93 425.10 Td (egulators ) Tj ET Q q 0 0 0 rg BT 240.21 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.71 425.10 Td (data ) Tj ET Q q 0 0 0 rg BT 271.00 425.10 Td (security ) Tj ET Q q 0 0 0 rg BT 304.16 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.66 425.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 361.04 425.10 Td (privacy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.03 425.10 Td (. ) Tj ET Q q 0 0 0 rg BT 395.03 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.54 425.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 425.81 425.10 Td (high-profile ) Tj ET Q q 0 0 0 rg BT 475.07 425.10 Td (data ) Tj ET Q q 0 0 0 rg BT 493.23 425.10 Td (security ) Tj ET Q q 0 0 0 rg BT 526.39 425.10 Td (incidents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 413.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 87.89 413.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 123.15 413.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 170.64 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.12 413.10 Td (cloud-service ) Tj ET Q q 0 0 0 rg BT 245.02 413.10 Td (software ) Tj ET Q q 0 0 0 rg BT 282.49 413.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 323.30 413.10 Td (have ) Tj ET Q q 0 0 0 rg BT 345.21 413.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 379.91 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.73 413.10 Td (an ) Tj ET Q q 0 0 0 rg BT 403.20 413.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 444.00 413.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 468.70 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 481.74 413.10 Td (data ) Tj ET Q q 0 0 0 rg BT 501.43 413.10 Td (security ) Tj ET Q q 0 0 0 rg BT 536.13 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.17 413.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.26 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.91 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 124.46 401.10 Td (customers) Tj ET Q q 0 0 0 rg BT 167.59 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.81 401.10 Td (regulators. ) Tj ET Q q 0 0 0 rg BT 214.35 401.10 Td (W) Tj ET Q q 0 0 0 rg BT 222.98 401.10 Td (e ) Tj ET Q q 0 0 0 rg BT 229.64 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.06 401.10 Td (making ) Tj ET Q q 0 0 0 rg BT 276.27 401.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 320.69 401.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 370.68 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.68 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.11 401.10 Td (security ) Tj ET Q q 0 0 0 rg BT 428.98 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.52 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.95 401.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 501.71 401.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 534.74 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 545.29 401.10 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.65 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.80 389.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 110.17 389.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 147.16 389.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 188.30 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.56 389.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 252.82 389.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 301.18 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.78 389.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 342.37 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.52 389.10 Td (customers) Tj ET Q q 0 0 0 rg BT 401.65 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.47 389.10 Td (data ) Tj ET Q q 0 0 0 rg BT 423.95 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.21 389.10 Td (help ) Tj ET Q q 0 0 0 rg BT 461.25 389.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 501.84 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.88 389.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 534.70 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.85 389.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (security ) Tj ET Q q 0 0 0 rg BT 83.47 377.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 103.68 377.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.31 377.10 Td (e ) Tj ET Q q 0 0 0 rg BT 119.07 377.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 147.47 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.00 377.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 197.10 377.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 221.07 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 233.38 377.10 Td (data ) Tj ET Q q 0 0 0 rg BT 252.35 377.10 Td (security ) Tj ET Q q 0 0 0 rg BT 286.32 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.41 377.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 333.16 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.25 377.10 Td (increase, ) Tj ET Q q 0 0 0 rg BT 380.82 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.57 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 411.54 377.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 452.72 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.03 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 485.68 377.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 535.76 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 545.85 377.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (security ) Tj ET Q q 0 0 0 rg BT 83.66 365.10 Td (will ) Tj ET Q q 0 0 0 rg BT 101.71 365.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 136.97 365.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 190.02 365.10 Td (over ) Tj ET Q q 0 0 0 rg BT 210.29 365.10 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 100.90 339.10 Td (Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 322.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.90 322.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 127.54 322.10 Td (is ) Tj ET Q q 0 0 0 rg BT 137.06 322.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 165.47 322.10 Td (fragmented, ) Tj ET Q q 0 0 0 rg BT 216.35 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.65 322.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.16 322.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 279.88 322.10 Td (there ) Tj ET Q q 0 0 0 rg BT 302.72 322.10 Td (are ) Tj ET Q q 0 0 0 rg BT 317.78 322.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 354.51 322.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 410.13 322.10 Td (available ) Tj ET Q q 0 0 0 rg BT 449.08 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.71 322.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 491.98 322.10 Td (technology-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.00 310.10 Td (that ) Tj ET Q q 0 0 0 rg BT 112.73 310.10 Td (will ) Tj ET Q q 0 0 0 rg BT 131.02 310.10 Td (complement ) Tj ET Q q 0 0 0 rg BT 183.18 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.35 310.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 235.84 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.79 310.10 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 307.95 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.01 310.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.08 310.10 Td (solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.19 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 376.43 310.10 Td (In ) Tj ET Q q 0 0 0 rg BT 387.49 310.10 Td (October ) Tj ET Q q 0 0 0 rg BT 422.43 310.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 447.67 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 462.06 310.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 499.22 310.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 552.51 310.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.43 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.24 298.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 101.16 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.09 298.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 153.56 298.10 Td (Returns, ) Tj ET Q q 0 0 0 rg BT 189.76 298.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 213.75 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.78 298.10 Td (company ) Tj ET Q q 0 0 0 rg BT 260.03 298.10 Td (that ) Tj ET Q q 0 0 0 rg BT 277.62 298.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 314.65 298.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 362.23 298.10 Td (CRM, ) Tj ET Q q 0 0 0 rg BT 389.56 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.59 298.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 449.73 298.10 Td (automation ) Tj ET Q q 0 0 0 rg BT 497.32 298.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 536.03 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 298.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 94.45 286.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 135.52 286.10 Td (industry) Tj ET Q q 0 0 0 rg BT 167.64 286.10 Td (. ) Tj ET Q q 0 0 0 rg BT 173.21 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.24 286.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 196.10 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.62 286.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 258.80 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.43 286.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 312.61 286.10 Td (Returns, ) Tj ET Q q 0 0 0 rg BT 349.52 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 364.48 286.10 Td (are ) Tj ET Q q 0 0 0 rg BT 379.99 286.10 Td (responding ) Tj ET Q q 0 0 0 rg BT 427.73 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.81 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.32 286.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 480.39 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.02 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.66 286.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 552.50 286.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (adding ) Tj ET Q q 0 0 0 rg BT 78.89 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 85.50 274.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 112.67 274.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 137.08 274.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 171.48 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.31 274.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 216.36 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.86 274.10 Td (all ) Tj ET Q q 0 0 0 rg BT 239.03 274.10 Td (sizes. ) Tj ET Q q 0 0 0 rg BT 262.99 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 271.62 274.10 Td (e ) Tj ET Q q 0 0 0 rg BT 278.23 274.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 309.28 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 329.78 274.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 379.73 274.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 414.66 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.16 274.10 Td (product ) Tj ET Q q 0 0 0 rg BT 462.88 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.49 274.10 Td (service ) Tj ET Q q 0 0 0 rg BT 509.98 274.10 Td (of) Tj ET Q q 0 0 0 rg BT 518.13 274.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 548.07 274.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (furthers ) Tj ET Q q 0 0 0 rg BT 83.10 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.93 262.10 Td (mission ) Tj ET Q q 0 0 0 rg BT 132.55 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.38 262.10 Td (automating ) Tj ET Q q 0 0 0 rg BT 190.87 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.58 262.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 230.85 262.10 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 276.66 262.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 316.93 262.10 Td (process ) Tj ET Q q 0 0 0 rg BT 349.42 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.58 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 379.41 262.10 Td (customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 95.89 236.10 Td (Metrics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 219.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 219.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.05 219.10 Td (use ) Tj ET Q q 0 0 0 rg BT 106.85 219.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 137.52 219.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 185.97 219.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 218.88 219.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.13 219.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 266.91 219.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.71 219.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 323.57 219.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 367.02 219.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 409.92 219.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.72 219.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.52 219.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 482.25 219.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.16 219.10 Td (make ) Tj ET Q q 0 0 0 rg BT 525.29 219.10 Td (decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 89.35 207.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 128.63 207.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 159.64 207.10 Td (. ) Tj ET Q q 0 0 0 rg BT 163.56 207.10 Td (W) Tj ET Q q 0 0 0 rg BT 172.19 207.10 Td (e ) Tj ET Q q 0 0 0 rg BT 178.16 207.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 201.35 207.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.89 207.10 Td (these ) Tj ET Q q 0 0 0 rg BT 234.96 207.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 265.93 207.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.24 207.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 316.75 207.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.61 207.10 Td (success ) Tj ET Q q 0 0 0 rg BT 363.13 207.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.44 207.10 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 416.17 207.10 Td (our ) Tj ET Q q 0 0 0 rg BT 431.03 207.10 Td (user ) Tj ET Q q 0 0 0 rg BT 449.22 207.10 Td (base ) Tj ET Q q 0 0 0 rg BT 468.52 207.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.83 207.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 512.12 207.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.98 207.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 195.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.72 195.10 Td (gauge ) Tj ET Q q 0 0 0 rg BT 103.09 195.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.81 195.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 146.96 195.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.79 195.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.62 195.10 Td (market ) Tj ET Q q 0 0 0 rg BT 203.88 195.10 Td (penetration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 178.10 Td (These ) Tj ET Q q 0 0 0 rg BT 99.88 178.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 131.81 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.52 178.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 179.00 178.10 Td (below) Tj ET Q q 0 0 0 rg BT 202.79 178.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 161.10 Td (Contracted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 161.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 120.97 161.10 Td (r) Tj ET Q q 0 0 0 rg BT 124.49 161.10 Td (evenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.14 161.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.11 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.58 161.10 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 209.93 161.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 247.94 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.63 161.10 Td (those ) Tj ET Q q 0 0 0 rg BT 286.21 161.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 324.22 161.10 Td (that ) Tj ET Q q 0 0 0 rg BT 341.69 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 356.37 161.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 379.39 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 391.87 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.56 161.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 431.25 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.05 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.97 161.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 483.64 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.56 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 515.24 161.10 Td (not ) Tj ET Q q 0 0 0 rg BT 530.49 161.10 Td (af) Tj ET Q q 0 0 0 rg BT 538.08 161.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.41 149.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 110.54 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.23 149.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 159.90 149.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 205.69 149.10 Td (volume.) Tj ET Q q 0 0 0 rg BT 240.51 149.10 Td (These ) Tj ET Q q 0 0 0 rg BT 266.30 149.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 303.75 149.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 333.44 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.68 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.81 149.10 Td (base ) Tj ET Q q 0 0 0 rg BT 377.49 149.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 391.60 149.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 422.40 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.64 149.10 Td (success ) Tj ET Q q 0 0 0 rg BT 464.55 149.10 Td (based ) Tj ET Q q 0 0 0 rg BT 489.23 149.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 529.18 149.10 Td (monthly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (per) Tj ET Q q 0 0 0 rg BT 62.07 137.10 Td (-user ) Tj ET Q q 0 0 0 rg BT 83.95 137.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 134.72 137.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 174.64 137.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 225.41 137.10 Td (services ) Tj ET Q q 0 0 0 rg BT 259.50 137.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 299.43 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.75 137.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 366.53 137.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 403.95 137.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 423.05 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.60 137.10 Td (products ) Tj ET Q q 0 0 0 rg BT 472.93 137.10 Td (other ) Tj ET Q q 0 0 0 rg BT 495.36 137.10 Td (than ) Tj ET Q q 0 0 0 rg BT 514.47 137.10 Td (Encompass.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 120.10 Td (Active ) Tj ET Q q 0 0 0 rg BT 100.98 120.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.59 120.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.04 120.10 Td (An ) Tj ET Q q 0 0 0 rg BT 143.76 120.10 Td (active ) Tj ET Q q 0 0 0 rg BT 170.13 120.10 Td (user ) Tj ET Q q 0 0 0 rg BT 189.29 120.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.46 120.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.40 120.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 245.66 120.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 292.04 120.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 343.42 120.10 Td (who ) Tj ET Q q 0 0 0 rg BT 363.14 120.10 Td (has ) Tj ET Q q 0 0 0 rg BT 378.97 120.10 Td (used ) Tj ET Q q 0 0 0 rg BT 399.80 120.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 447.84 120.10 Td (at ) Tj ET Q q 0 0 0 rg BT 457.56 120.10 Td (least ) Tj ET Q q 0 0 0 rg BT 478.38 120.10 Td (once ) Tj ET Q q 0 0 0 rg BT 499.76 120.10 Td (within ) Tj ET Q q 0 0 0 rg BT 527.81 120.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.75 120.10 Td (90-day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.31 108.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 119.00 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.48 108.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 189.06 108.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 209.98 108.10 Td (A) Tj ET Q q 0 0 0 rg BT 216.65 108.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.92 108.10 Td (user ) Tj ET Q q 0 0 0 rg BT 237.84 108.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.78 108.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.48 108.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 293.51 108.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 339.66 108.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 390.80 108.10 Td (working ) Tj ET Q q 0 0 0 rg BT 426.40 108.10 Td (at ) Tj ET Q q 0 0 0 rg BT 435.88 108.10 Td (an ) Tj ET Q q 0 0 0 rg BT 447.58 108.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 495.40 108.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 535.43 108.10 Td (lender) Tj ET Q q 0 0 0 rg BT 560.01 108.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.17 96.10 Td (as ) Tj ET Q q 0 0 0 rg BT 80.84 96.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.62 96.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 127.72 96.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 152.00 96.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 201.53 96.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 225.81 96.10 Td (thrift ) Tj ET Q q 0 0 0 rg BT 248.14 96.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.81 96.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 283.91 96.10 Td (union, ) Tj ET Q q 0 0 0 rg BT 311.53 96.10 Td (which ) Tj ET Q q 0 0 0 rg BT 338.31 96.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 370.64 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.42 96.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 411.98 96.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 435.42 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.20 96.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 491.74 96.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 511.86 96.10 Td (these ) Tj ET Q q 0 0 0 rg BT 534.74 96.10 Td (funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 72.84 84.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.84 84.10 Td (investors; ) Tj ET Q q 0 0 0 rg BT 123.96 84.10 Td (or ) Tj ET Q q 0 0 0 rg BT 134.52 84.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.18 84.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 181.17 84.10 Td (brokerage, ) Tj ET Q q 0 0 0 rg BT 225.88 84.10 Td (which ) Tj ET Q q 0 0 0 rg BT 252.54 84.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 289.76 84.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 330.31 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.98 84.10 Td (submits ) Tj ET Q q 0 0 0 rg BT 380.32 84.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 399.77 84.10 Td (files ) Tj ET Q q 0 0 0 rg BT 419.21 84.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.22 84.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.89 84.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 475.88 84.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 503.09 84.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.65 84.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 537.53 84.10 Td (lender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 72.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 91.72 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.43 72.10 Td (loan.) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (34) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 120.88 740.10 Td (users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.99 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.88 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.74 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 155.41 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.79 740.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 201.82 740.10 Td (user ) Tj ET Q q 0 0 0 rg BT 220.86 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 229.92 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.74 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 276.89 740.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 323.16 740.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 374.42 740.10 Td (who ) Tj ET Q q 0 0 0 rg BT 394.03 740.10 Td (has ) Tj ET Q q 0 0 0 rg BT 409.74 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.57 740.10 Td (license ) Tj ET Q q 0 0 0 rg BT 446.72 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.88 740.10 Td (use ) Tj ET Q q 0 0 0 rg BT 472.60 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 520.53 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.35 740.10 Td (has ) Tj ET Q q 0 0 0 rg BT 553.07 740.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 92.55 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.83 728.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 119.77 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 133.93 728.10 Td (this ) Tj ET Q q 0 0 0 rg BT 150.88 728.10 Td (license, ) Tj ET Q q 0 0 0 rg BT 183.64 728.10 Td (but ) Tj ET Q q 0 0 0 rg BT 198.92 728.10 Td (who ) Tj ET Q q 0 0 0 rg BT 218.64 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 227.81 728.10 Td (not ) Tj ET Q q 0 0 0 rg BT 243.09 728.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 290.01 728.10 Td (an ) Tj ET Q q 0 0 0 rg BT 301.95 728.10 Td (active ) Tj ET Q q 0 0 0 rg BT 328.32 728.10 Td (user) Tj ET Q q 0 0 0 rg BT 344.43 728.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 711.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.06 711.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 109.35 711.10 Td (active ) Tj ET Q q 0 0 0 rg BT 136.31 711.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.92 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.01 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.42 711.10 Td (A) Tj ET Q q 0 0 0 rg BT 171.90 711.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 201.63 711.10 Td (active ) Tj ET Q q 0 0 0 rg BT 228.59 711.10 Td (users ) Tj ET Q q 0 0 0 rg BT 252.23 711.10 Td (during ) Tj ET Q q 0 0 0 rg BT 281.42 711.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.95 711.10 Td (period ) Tj ET Q q 0 0 0 rg BT 317.58 711.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.34 711.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 370.96 711.10 Td (by ) Tj ET Q q 0 0 0 rg BT 384.04 711.10 Td (averaging ) Tj ET Q q 0 0 0 rg BT 426.55 711.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.86 711.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 478.28 711.10 Td (active ) Tj ET Q q 0 0 0 rg BT 505.24 711.10 Td (users ) Tj ET Q q 0 0 0 rg BT 528.88 711.10 Td (during ) Tj ET Q q 0 0 0 rg BT 558.08 711.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.66 699.10 Td (period.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 682.10 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.36 682.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 110.14 682.10 Td (per ) Tj ET Q q 0 0 0 rg BT 126.25 682.10 Td (average ) Tj ET Q q 0 0 0 rg BT 161.23 682.10 Td (active ) Tj ET Q q 0 0 0 rg BT 187.88 682.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 236.21 682.10 Td (user) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.44 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 258.71 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 261.49 682.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 299.26 682.10 Td (per ) Tj ET Q q 0 0 0 rg BT 314.80 682.10 Td (average ) Tj ET Q q 0 0 0 rg BT 348.67 682.10 Td (active ) Tj ET Q q 0 0 0 rg BT 375.32 682.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 423.64 682.10 Td (user ) Tj ET Q q 0 0 0 rg BT 443.08 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 452.53 682.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 495.83 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 508.61 682.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 544.73 682.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.54 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 100.04 670.10 Td (average ) Tj ET Q q 0 0 0 rg BT 133.62 670.10 Td (active ) Tj ET Q q 0 0 0 rg BT 159.99 670.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 208.04 670.10 Td (users.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.05 653.10 Td (following ) Tj ET Q q 0 0 0 rg BT 131.43 653.10 Td (table ) Tj ET Q q 0 0 0 rg BT 153.37 653.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 180.87 653.10 Td (these ) Tj ET Q q 0 0 0 rg BT 203.92 653.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 244.18 653.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 276.12 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 286.95 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.78 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.71 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 328.88 653.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.59 653.10 Td (years ) Tj ET Q q 0 0 0 rg BT 367.19 653.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 393.57 653.10 Td (December ) Tj ET Q q 0 0 0 rg BT 437.15 653.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 452.15 653.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 477.15 653.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 502.15 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.09 653.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.09 653.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 611.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 611.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 611.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 611.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 582.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 582.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 582.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 582.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 553.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 553.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 553.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 553.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 553.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 553.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 523.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 523.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 523.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 523.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 523.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 523.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 494.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 494.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 494.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 494.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 494.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 494.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 624.6 m 449 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 624.6 m 453 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 624.6 m 506 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 624.6 m 510 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 624.6 m 563 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 611.6 m 449 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 611.6 m 506 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 611.6 m 563 611.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 628.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 628.83 Td (Year ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 615.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 615.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 615.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 615.83 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 602.28 Td (Revenues \(in thousands\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 587.27 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 587.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 587.27 Td (360,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 587.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 587.27 Td (253,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 587.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 587.27 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 572.27 Td (Total contracted revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 572.27 Td (208,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 572.27 Td (150,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 572.27 Td (102,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 558.28 Td (Users at end of period:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 543.27 Td (Contracted users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 543.27 Td (215,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 543.27 Td (166,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 543.27 Td (126,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 528.27 Td (Active users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 528.27 Td (164,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 528.27 Td (136,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 528.27 Td (108,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 513.27 Td (Active users as a percentage of contracted users) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 513.27 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 513.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 513.27 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 513.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 513.27 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 513.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 499.28 Td (Average active users:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 484.27 Td (Average active users during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 484.27 Td (152,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 484.27 Td (127,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 484.27 Td (100,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 469.27 Td (Revenue per average active user during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 469.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 469.27 Td (2,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 469.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 469.27 Td (1,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 469.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 469.27 Td (1,612) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.23 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.06 434.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.43 434.10 Td (esentation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 408.10 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 391.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.44 391.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.37 391.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.74 391.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.34 391.10 Td (include ) Tj ET Q q 0 0 0 rg BT 253.17 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.77 391.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 303.15 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.87 391.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 333.14 391.10 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 354.79 391.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 371.45 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.28 391.10 Td (its ) Tj ET Q q 0 0 0 rg BT 398.12 391.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 427.28 391.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 455.33 391.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 506.13 391.10 Td (All ) Tj ET Q q 0 0 0 rg BT 520.30 391.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 106.98 379.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 144.47 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.40 379.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 211.67 379.10 Td (have ) Tj ET Q q 0 0 0 rg BT 233.04 379.10 Td (been ) Tj ET Q q 0 0 0 rg BT 254.42 379.10 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 299.13 379.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 321.63 379.10 Td (consolidation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.55 353.10 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 336.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 336.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.03 336.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 127.34 336.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 166.33 336.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 207.00 336.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.89 336.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 282.23 336.10 Td (services ) Tj ET Q q 0 0 0 rg BT 317.88 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.78 336.10 Td (usage-based ) Tj ET Q q 0 0 0 rg BT 388.09 336.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 410.15 336.10 Td (transaction-based ) Tj ET Q q 0 0 0 rg BT 483.57 336.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 505.62 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.51 336.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 543.06 336.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 102.25 324.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 140.56 324.10 Td (W) Tj ET Q q 0 0 0 rg BT 149.20 324.10 Td (e ) Tj ET Q q 0 0 0 rg BT 157.51 324.10 Td (categorize ) Tj ET Q q 0 0 0 rg BT 202.47 324.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.67 324.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 255.20 324.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.40 324.10 Td (either ) Tj ET Q q 0 0 0 rg BT 294.04 324.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 342.91 324.10 Td (or ) Tj ET Q q 0 0 0 rg BT 355.11 324.10 Td (on-premise. ) Tj ET Q q 0 0 0 rg BT 406.48 324.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 431.46 324.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 455.88 324.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 493.64 324.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.52 324.10 Td (governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 94.21 312.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.92 312.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 147.51 312.10 Td (from ) Tj ET Q q 0 0 0 rg BT 169.45 312.10 Td (revenue.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 284.53505859375 m 148.4384765625 284.53505859375 l s q 0 0 0 rg BT 61.50 286.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 112.89 286.10 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 269.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 123.31 269.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 157.57 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 166.84 269.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 208.31 269.10 Td (from ) Tj ET Q q 0 0 0 rg BT 230.36 269.10 Td (company-hosted ) Tj ET Q q 0 0 0 rg BT 299.06 269.10 Td (software ) Tj ET Q q 0 0 0 rg BT 336.09 269.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 391.48 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.08 269.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 452.23 269.10 Td (access ) Tj ET Q q 0 0 0 rg BT 480.37 269.10 Td (through ) Tj ET Q q 0 0 0 rg BT 514.09 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.91 269.10 Td (Internet. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 98.66 257.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 132.26 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.89 257.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 184.50 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.79 257.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 212.84 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.46 257.10 Td (software ) Tj ET Q q 0 0 0 rg BT 262.84 257.10 Td (services ) Tj ET Q q 0 0 0 rg BT 297.00 257.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 315.63 257.10 Td (both ) Tj ET Q q 0 0 0 rg BT 335.36 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 345.65 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.04 257.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 402.88 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.28 257.10 Td (transactionally) Tj ET Q q 0 0 0 rg BT 477.50 257.10 Td (, ) Tj ET Q q 0 0 0 rg BT 481.95 257.10 Td (including ) Tj ET Q q 0 0 0 rg BT 521.68 257.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 539.73 257.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.39 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.72 245.10 Td (per ) Tj ET Q q 0 0 0 rg BT 82.37 245.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 109.81 245.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 131.41 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 141.63 245.10 Td (success ) Tj ET Q q 0 0 0 rg BT 173.51 245.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 197.90 245.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 228.11 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.78 245.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 273.00 245.10 Td (base ) Tj ET Q q 0 0 0 rg BT 292.66 245.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 313.15 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 339.48 245.10 Td (we ) Tj ET Q q 0 0 0 rg BT 353.03 245.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 373.78 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.45 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.67 245.10 Td (Success ) Tj ET Q q 0 0 0 rg BT 427.22 245.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 453.54 245.10 Td (Pricing; ) Tj ET Q q 0 0 0 rg BT 487.10 245.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 507.87 245.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.52 245.10 Td (Network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (fees; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.77 233.10 Td (education ) Tj ET Q q 0 0 0 rg BT 110.04 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.88 233.10 Td (training, ) Tj ET Q q 0 0 0 rg BT 160.88 233.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 179.49 233.10 Td (product, ) Tj ET Q q 0 0 0 rg BT 213.93 233.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 240.33 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.16 233.10 Td (guideline ) Tj ET Q q 0 0 0 rg BT 294.77 233.10 Td (data ) Tj ET Q q 0 0 0 rg BT 312.82 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.66 233.10 Td (analytics ) Tj ET Q q 0 0 0 rg BT 365.59 233.10 Td (services ) Tj ET Q q 0 0 0 rg BT 399.20 233.10 Td (under ) Tj ET Q q 0 0 0 rg BT 423.36 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.67 233.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 470.84 233.10 Td (brand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.61 233.10 Td (; ) Tj ET Q q 0 0 0 rg BT 497.79 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.62 233.10 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.21 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 111.15 221.10 Td (include ) Tj ET Q q 0 0 0 rg BT 143.08 221.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 189.74 221.10 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 257.51 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.45 221.10 Td (training ) Tj ET Q q 0 0 0 rg BT 308.05 221.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 193.53505859375002 m 147.876953125 193.53505859375002 l s q 0 0 0 rg BT 61.50 195.10 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 112.33 195.10 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 178.10 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 123.61 178.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 158.16 178.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.73 178.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 209.49 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 231.83 178.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 285.26 178.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 322.87 178.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 345.21 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.44 178.10 Td (customer) Tj ET Q q 0 0 0 rg BT 392.90 178.10 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 425.24 178.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 473.69 178.10 Td (software ) Tj ET Q q 0 0 0 rg BT 511.02 178.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 548.07 178.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.39 166.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 128.95 166.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.66 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.97 166.10 Td (As ) Tj ET Q q 0 0 0 rg BT 177.77 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.79 166.10 Td (June ) Tj ET Q q 0 0 0 rg BT 207.81 166.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 222.00 166.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 246.18 166.10 Td (we ) Tj ET Q q 0 0 0 rg BT 259.53 166.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 302.87 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.77 166.10 Td (migration ) Tj ET Q q 0 0 0 rg BT 357.34 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.36 166.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 409.59 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.06 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.07 166.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 480.75 166.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 527.98 166.10 Td (of) Tj ET Q q 0 0 0 rg BT 536.13 166.10 Td (fering, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 154.10 Td (we ) Tj ET Q q 0 0 0 rg BT 80.60 154.10 Td (do ) Tj ET Q q 0 0 0 rg BT 93.10 154.10 Td (not ) Tj ET Q q 0 0 0 rg BT 108.38 154.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 136.97 154.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 184.46 154.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 222.49 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.77 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.49 154.10 Td (future.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 70.34 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.17 128.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 123.11 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.17 128.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 185.34 128.10 Td (Expenses) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 100.53505859375002 m 132.6083984375 100.53505859375002 l s q 0 0 0 rg BT 61.50 102.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 82.34 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.17 102.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 85.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.61 85.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 110.27 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.16 85.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.25 85.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 193.47 85.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 233.24 85.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 246.90 85.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 279.44 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.44 85.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 333.15 85.10 Td (including ) Tj ET Q q 0 0 0 rg BT 373.48 85.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 423.24 85.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 481.34 85.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 518.88 85.10 Td (data ) Tj ET Q q 0 0 0 rg BT 538.09 85.10 Td (center ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.11 73.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 115.74 73.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 168.00 73.10 Td (on ) Tj ET Q q 0 0 0 rg BT 180.85 73.10 Td (data ) Tj ET Q q 0 0 0 rg BT 200.35 73.10 Td (center ) Tj ET Q q 0 0 0 rg BT 227.62 73.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 268.23 73.10 Td (equipment; ) Tj ET Q q 0 0 0 rg BT 316.07 73.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 369.45 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.63 73.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 430.68 73.10 Td (software ) Tj ET Q q 0 0 0 rg BT 467.95 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.24 73.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 522.51 73.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.11 61.10 Td (such ) Tj ET Q q 0 0 0 rg BT 95.73 61.10 Td (as ) Tj ET Q q 0 0 0 rg BT 106.34 61.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 149.72 61.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 196.44 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.16 61.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 235.43 61.10 Td (names; ) Tj ET Q q 0 0 0 rg BT 266.04 61.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 304.98 61.10 Td (support; ) Tj ET Q q 0 0 0 rg BT 340.04 61.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 391.20 61.10 Td (services ) Tj ET Q q 0 0 0 rg BT 425.69 61.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 469.07 61.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.13 61.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 554.18 61.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.17 49.10 Td (software; ) Tj ET Q q 0 0 0 rg BT 106.71 49.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 152.81 49.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 184.47 49.10 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 226.69 49.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.46 49.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 283.89 49.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 321.65 49.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 347.25 49.10 Td (W) Tj ET Q q 0 0 0 rg BT 355.88 49.10 Td (e ) Tj ET Q q 0 0 0 rg BT 363.66 49.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 393.09 49.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.42 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 428.09 49.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 447.53 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.20 49.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 498.07 49.10 Td (will ) Tj ET Q q 0 0 0 rg BT 516.96 49.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.73 49.10 Td (to ) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.67 728.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 102.15 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 118.20 728.10 Td (system ) Tj ET Q q 0 0 0 rg BT 148.71 728.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 181.37 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.60 728.10 Td (reliability) Tj ET Q q 0 0 0 rg BT 224.82 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 230.05 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.22 728.10 Td (data ) Tj ET Q q 0 0 0 rg BT 266.60 728.10 Td (security) Tj ET Q q 0 0 0 rg BT 297.61 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.83 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.89 728.10 Td (we ) Tj ET Q q 0 0 0 rg BT 328.28 728.10 Td (place ) Tj ET Q q 0 0 0 rg BT 352.10 728.10 Td (new ) Tj ET Q q 0 0 0 rg BT 371.48 728.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 421.41 728.10 Td (software ) Tj ET Q q 0 0 0 rg BT 458.57 728.10 Td (into ) Tj ET Q q 0 0 0 rg BT 476.85 728.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 102.53 668.10 Td (incrementally ) Tj ET Q q 0 0 0 rg BT 160.01 668.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 200.27 668.10 Td (during ) Tj ET Q q 0 0 0 rg BT 228.88 668.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 251.38 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.32 668.10 Td (2018.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 640.53505859375 m 147.0712890625 640.53505859375 l s q 0 0 0 rg BT 61.50 642.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 85.67 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.73 642.10 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 625.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.09 625.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 112.58 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.06 625.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 171.64 625.10 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.74 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.78 625.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 239.60 625.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 278.86 625.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 292.01 625.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 326.54 625.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 360.23 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.71 625.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 415.41 625.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 475.49 625.10 Td (including ) Tj ET Q q 0 0 0 rg BT 515.31 625.10 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.29 613.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 143.74 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.43 613.10 Td (commissions; ) Tj ET Q q 0 0 0 rg BT 219.68 613.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 259.01 613.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 296.69 613.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 322.71 613.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 362.06 613.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.96 613.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 400.19 613.10 Td (shows, ) Tj ET Q q 0 0 0 rg BT 430.94 613.10 Td (public ) Tj ET Q q 0 0 0 rg BT 459.19 613.10 Td (relations, ) Tj ET Q q 0 0 0 rg BT 499.37 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.94 613.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 545.84 613.10 Td (user ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (conference, ) Tj ET Q q 0 0 0 rg BT 98.42 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.42 601.10 Td (other ) Tj ET Q q 0 0 0 rg BT 138.54 601.10 Td (promotional ) Tj ET Q q 0 0 0 rg BT 189.98 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.99 601.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 250.10 601.10 Td (activities; ) Tj ET Q q 0 0 0 rg BT 291.54 601.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 330.20 601.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.43 601.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 369.76 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.76 601.10 Td (entertainment; ) Tj ET Q q 0 0 0 rg BT 447.08 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.09 601.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 517.19 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.09 601.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 92.03 589.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.91 589.10 Td (such ) Tj ET Q q 0 0 0 rg BT 138.78 589.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.65 589.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 188.85 589.10 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 244.81 589.10 Td (W) Tj ET Q q 0 0 0 rg BT 253.45 589.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.43 589.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 289.07 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 306.61 589.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.48 589.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 344.46 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.44 589.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 404.53 589.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 439.28 589.10 Td (will ) Tj ET Q q 0 0 0 rg BT 457.38 589.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 494.35 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.68 589.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 539.97 589.10 Td (as ) Tj ET Q q 0 0 0 rg BT 550.85 589.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 68.40 577.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 111.74 577.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 134.54 577.10 Td (personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.77 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.90 577.10 Td (order ) Tj ET Q q 0 0 0 rg BT 212.35 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.48 577.10 Td (address ) Tj ET Q q 0 0 0 rg BT 256.83 577.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 304.05 577.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 339.06 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.07 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.75 577.10 Td (software ) Tj ET Q q 0 0 0 rg BT 408.54 577.10 Td (solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.01 577.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 577.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.48 577.10 Td (we ) Tj ET Q q 0 0 0 rg BT 492.50 577.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 522.51 577.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 565.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 86.35 565.10 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.13 565.10 Td (. ) Tj ET Q q 0 0 0 rg BT 139.39 565.10 Td (W) Tj ET Q q 0 0 0 rg BT 148.03 565.10 Td (e ) Tj ET Q q 0 0 0 rg BT 155.45 565.10 Td (also ) Tj ET Q q 0 0 0 rg BT 174.54 565.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 202.51 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.27 565.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 249.01 565.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 292.53 565.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 331.61 565.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 365.69 565.10 Td (on ) Tj ET Q q 0 0 0 rg BT 378.67 565.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 429.70 565.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.01 565.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 467.87 565.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 488.62 565.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.61 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.59 565.10 Td (of) Tj ET Q q 0 0 0 rg BT 534.74 565.10 Td (ferings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.27 553.10 Td (other ) Tj ET Q q 0 0 0 rg BT 105.32 553.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 153.36 553.10 Td (services.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 525.53505859375 m 174.263671875 525.53505859375 l s q 0 0 0 rg BT 61.50 527.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 102.33 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.39 527.10 Td (Development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 510.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.74 510.10 Td (research ) Tj ET Q q 0 0 0 rg BT 129.74 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.86 510.10 Td (development ) Tj ET Q q 0 0 0 rg BT 203.20 510.10 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.30 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.99 510.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 274.46 510.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 315.36 510.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 330.16 510.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 363.83 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.96 510.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 419.80 510.10 Td (including ) Tj ET Q q 0 0 0 rg BT 461.26 510.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 497.17 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.30 510.10 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.22 498.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 144.39 498.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 162.67 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.63 498.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 219.23 498.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 254.72 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.68 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.08 498.10 Td (development ) Tj ET Q q 0 0 0 rg BT 332.91 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.42 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.82 498.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 405.54 498.10 Td (software, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 498.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 465.72 498.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 485.66 498.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 498.10 Td (, ) Tj ET Q q 0 0 0 rg BT 525.33 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.95 498.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.10 Td (products; ) Tj ET Q q 0 0 0 rg BT 88.60 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.92 486.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 142.89 486.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 179.20 486.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 203.44 486.10 Td (W) Tj ET Q q 0 0 0 rg BT 212.08 486.10 Td (e ) Tj ET Q q 0 0 0 rg BT 218.40 486.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 246.38 486.10 Td (that ) Tj ET Q q 0 0 0 rg BT 263.25 486.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.46 486.10 Td (research ) Tj ET Q q 0 0 0 rg BT 313.65 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.97 486.10 Td (development ) Tj ET Q q 0 0 0 rg BT 383.50 486.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 421.48 486.10 Td (will ) Tj ET Q q 0 0 0 rg BT 438.92 486.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 475.24 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.90 486.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 519.53 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.19 486.10 Td (absolute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 78.62 474.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.85 474.10 Td (we ) Tj ET Q q 0 0 0 rg BT 102.41 474.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 138.75 474.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.43 474.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 174.22 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.90 474.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.13 474.10 Td (products ) Tj ET Q q 0 0 0 rg BT 235.47 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.81 474.10 Td (services ) Tj ET Q q 0 0 0 rg BT 285.92 474.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.26 474.10 Td (related ) Tj ET Q q 0 0 0 rg BT 331.36 474.10 Td (next-generation ) Tj ET Q q 0 0 0 rg BT 396.01 474.10 Td (enhancements, ) Tj ET Q q 0 0 0 rg BT 457.06 474.10 Td (including ) Tj ET Q q 0 0 0 rg BT 496.73 474.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 522.52 474.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 99.20 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.14 462.10 Td (product ) Tj ET Q q 0 0 0 rg BT 149.19 462.10 Td (development ) Tj ET Q q 0 0 0 rg BT 203.34 462.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 244.71 462.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 462.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.48 462.10 Td (we ) Tj ET Q q 0 0 0 rg BT 286.64 462.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 315.80 462.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 358.29 462.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 394.67 462.10 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.44 462.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 434.53505859375 m 175.58203125 434.53505859375 l s q 0 0 0 rg BT 61.50 436.10 Td (General ) Tj ET Q q 0 0 0 rg BT 97.33 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.02 436.10 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 419.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.62 419.10 Td (general ) Tj ET Q q 0 0 0 rg BT 125.61 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.62 419.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 204.40 419.10 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.50 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.07 419.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 275.41 419.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 316.20 419.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 330.87 419.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 364.43 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.44 419.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 420.16 419.10 Td (including ) Tj ET Q q 0 0 0 rg BT 461.50 419.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 497.29 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.30 419.10 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.42 407.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 142.00 407.10 Td (for ) Tj ET Q q 0 0 0 rg BT 156.04 407.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 201.18 407.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 238.55 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.71 407.10 Td (finance, ) Tj ET Q q 0 0 0 rg BT 283.01 407.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 331.76 407.10 Td (human ) Tj ET Q q 0 0 0 rg BT 361.35 407.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 403.99 407.10 Td (administration, ) Tj ET Q q 0 0 0 rg BT 466.63 407.10 Td (information ) Tj ET Q q 0 0 0 rg BT 516.22 407.10 Td (technology) Tj ET Q q 0 0 0 rg BT 560.01 407.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.54 395.10 Td (legal; ) Tj ET Q q 0 0 0 rg BT 89.36 395.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 133.73 395.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 169.21 395.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 206.92 395.10 Td (such ) Tj ET Q q 0 0 0 rg BT 226.85 395.10 Td (as ) Tj ET Q q 0 0 0 rg BT 236.79 395.10 Td (general ) Tj ET Q q 0 0 0 rg BT 267.82 395.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 313.59 395.10 Td (legal, ) Tj ET Q q 0 0 0 rg BT 337.13 395.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 385.10 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.15 395.10 Td (other ) Tj ET Q q 0 0 0 rg BT 423.30 395.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 473.78 395.10 Td (services; ) Tj ET Q q 0 0 0 rg BT 510.37 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.42 395.10 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.89 383.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 112.15 383.10 Td (W) Tj ET Q q 0 0 0 rg BT 120.78 383.10 Td (e ) Tj ET Q q 0 0 0 rg BT 128.19 383.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 157.25 383.10 Td (general ) Tj ET Q q 0 0 0 rg BT 189.63 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.04 383.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 267.21 383.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 306.27 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.02 383.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 354.42 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.16 383.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 400.88 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 411.62 383.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 447.91 383.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 478.10 383.10 Td (as ) Tj ET Q q 0 0 0 rg BT 489.39 383.10 Td (we ) Tj ET Q q 0 0 0 rg BT 504.02 383.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 522.53 383.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 91.29 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.63 371.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 132.09 371.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 182.21 371.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 213.44 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.12 371.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 252.01 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.36 371.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 295.03 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.16 371.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 355.83 371.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 387.06 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.74 371.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 435.09 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.77 371.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 469.24 371.10 Td (our ) Tj ET Q q 0 0 0 rg BT 485.47 371.10 Td (business ) Tj ET Q q 0 0 0 rg BT 522.28 371.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.62 371.10 Td (as ) Tj ET Q q 0 0 0 rg BT 550.86 371.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 78.66 359.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.15 359.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 157.52 359.10 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.30 359.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 333.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.89 333.10 Td (Income, ) Tj ET Q q 0 0 0 rg BT 112.00 333.10 Td (Net) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 316.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 99.94 316.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 135.55 316.10 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.76 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.43 316.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 186.78 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.78 316.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 231.88 316.10 Td (income ) Tj ET Q q 0 0 0 rg BT 264.99 316.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 295.31 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 308.98 316.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 360.42 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.53 316.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 399.97 316.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 441.13 316.10 Td (of) Tj ET Q q 0 0 0 rg BT 449.28 316.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 467.39 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 481.06 316.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 528.62 316.10 Td (discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.44 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.28 304.10 Td (imputed ) Tj ET Q q 0 0 0 rg BT 154.46 304.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 186.29 304.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 220.90 304.10 Td (related ) Tj ET Q q 0 0 0 rg BT 250.51 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.69 304.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.42 304.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 322.70 304.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 361.76 304.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 404.99 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.83 304.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 453.67 304.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 488.27 304.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 507.89 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.30 304.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 292.10 Td (software ) Tj ET Q q 0 0 0 rg BT 103.37 292.10 Td (leases.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.11 266.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.30 266.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 249.10 Td (On ) Tj ET Q q 0 0 0 rg BT 88.12 249.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.95 249.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 133.44 249.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 158.33 249.10 Td (we ) Tj ET Q q 0 0 0 rg BT 172.39 249.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 208.09 249.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.82 249.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 261.75 249.10 Td (income ) Tj ET Q q 0 0 0 rg BT 293.58 249.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 308.19 249.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 342.79 249.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.51 249.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 383.67 249.10 Td (based ) Tj ET Q q 0 0 0 rg BT 408.84 249.10 Td (on ) Tj ET Q q 0 0 0 rg BT 421.23 249.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.96 249.10 Td (year) Tj ET Q q 0 0 0 rg BT 453.96 249.10 Td (-to-date ) Tj ET Q q 0 0 0 rg BT 487.45 249.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 534.00 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.84 249.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.10 Td (record ) Tj ET Q q 0 0 0 rg BT 76.95 237.10 Td (an ) Tj ET Q q 0 0 0 rg BT 88.29 237.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 134.08 237.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.77 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.89 237.10 Td (current ) Tj ET Q q 0 0 0 rg BT 188.12 237.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 215.88 237.10 Td (. ) Tj ET Q q 0 0 0 rg BT 220.15 237.10 Td (The ) Tj ET Q q 0 0 0 rg BT 237.61 237.10 Td (net ) Tj ET Q q 0 0 0 rg BT 251.73 237.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 265.86 237.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 305.54 237.10 Td (is ) Tj ET Q q 0 0 0 rg BT 314.12 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.25 237.10 Td (result ) Tj ET Q q 0 0 0 rg BT 352.37 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.61 237.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.73 237.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 394.20 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.44 237.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 432.45 237.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 461.01 237.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.92 237.10 Td (us ) Tj ET Q q 0 0 0 rg BT 483.72 237.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.06 237.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.30 237.10 Td (subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.65 225.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 74.24 225.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 126.06 225.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.21 225.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.02 225.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 178.16 225.10 Td (range ) Tj ET Q q 0 0 0 rg BT 202.74 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.45 225.10 Td (income ) Tj ET Q q 0 0 0 rg BT 245.25 225.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 259.84 225.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 283.42 225.10 Td (W) Tj ET Q q 0 0 0 rg BT 292.06 225.10 Td (e ) Tj ET Q q 0 0 0 rg BT 298.87 225.10 Td (are ) Tj ET Q q 0 0 0 rg BT 313.45 225.10 Td (required ) Tj ET Q q 0 0 0 rg BT 349.14 225.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.29 225.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 394.98 225.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 430.66 225.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 445.25 225.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 470.95 225.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.77 225.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 527.36 225.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 225.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.89 213.10 Td (dif) Tj ET Q q 0 0 0 rg BT 74.81 213.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 110.29 213.10 Td (between ) Tj ET Q q 0 0 0 rg BT 145.77 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.16 213.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.31 213.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 236.13 213.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.74 213.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 267.13 213.10 Td (bases ) Tj ET Q q 0 0 0 rg BT 290.96 213.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.46 213.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 326.96 213.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.57 213.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 382.95 213.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 423.44 213.10 Td (using ) Tj ET Q q 0 0 0 rg BT 447.28 213.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.66 213.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 494.36 213.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 508.75 213.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 529.80 213.10 Td (that ) Tj ET Q q 0 0 0 rg BT 546.96 213.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 201.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.02 201.10 Td (in ) Tj ET Q q 0 0 0 rg BT 70.87 201.10 Td (ef) Tj ET Q q 0 0 0 rg BT 78.46 201.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 95.52 201.10 Td (when ) Tj ET Q q 0 0 0 rg BT 119.26 201.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.56 201.10 Td (dif) Tj ET Q q 0 0 0 rg BT 144.48 201.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 179.87 201.10 Td (are ) Tj ET Q q 0 0 0 rg BT 194.15 201.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 231.76 201.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.62 201.10 Td (reverse. ) Tj ET Q q 0 0 0 rg BT 275.06 201.10 Td (In ) Tj ET Q q 0 0 0 rg BT 285.47 201.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 319.47 201.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 354.85 201.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 369.15 201.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 394.56 201.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 433.28 201.10 Td (future ) Tj ET Q q 0 0 0 rg BT 459.23 201.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 473.53 201.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 507.26 201.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.12 201.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.63 201.10 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.10 Td (when ) Tj ET Q q 0 0 0 rg BT 74.48 189.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 105.01 189.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 144.43 189.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 189.96 189.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 237.15 189.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.25 189.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.90 189.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 318.76 189.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 364.30 189.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.95 189.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 420.93 189.10 Td (become ) Tj ET Q q 0 0 0 rg BT 455.34 189.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 500.31 189.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 539.74 189.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 177.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 94.05 177.10 Td (income ) Tj ET Q q 0 0 0 rg BT 126.94 177.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 142.62 177.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 164.41 177.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.20 177.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 195.22 177.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.01 177.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 233.23 177.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 257.23 177.10 Td (forwards ) Tj ET Q q 0 0 0 rg BT 296.23 177.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.90 177.10 Td (utilized. ) Tj ET Q q 0 0 0 rg BT 347.08 177.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 396.42 177.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.38 177.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 448.03 177.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.82 177.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.61 177.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 513.38 177.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 529.05 177.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 555.84 177.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 165.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 94.13 165.10 Td (on ) Tj ET Q q 0 0 0 rg BT 107.66 165.10 Td (future ) Tj ET Q q 0 0 0 rg BT 135.07 165.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 167.47 165.10 Td (income ) Tj ET Q q 0 0 0 rg BT 200.44 165.10 Td (against ) Tj ET Q q 0 0 0 rg BT 232.30 165.10 Td (which ) Tj ET Q q 0 0 0 rg BT 260.27 165.10 Td (these ) Tj ET Q q 0 0 0 rg BT 284.35 165.10 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 333.71 165.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 363.63 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.60 165.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 411.79 165.10 Td (can ) Tj ET Q q 0 0 0 rg BT 429.20 165.10 Td (be ) Tj ET Q q 0 0 0 rg BT 442.17 165.10 Td (utilized. ) Tj ET Q q 0 0 0 rg BT 477.94 165.10 Td (W) Tj ET Q q 0 0 0 rg BT 486.58 165.10 Td (e ) Tj ET Q q 0 0 0 rg BT 494.55 165.10 Td (use ) Tj ET Q q 0 0 0 rg BT 511.41 165.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 89.96 153.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.43 153.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 127.57 153.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.47 153.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 185.72 153.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.40 153.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.42 153.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 255.42 153.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 270.33 153.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 296.35 153.10 Td (will ) Tj ET Q q 0 0 0 rg BT 314.59 153.10 Td (be ) Tj ET Q q 0 0 0 rg BT 326.72 153.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 368.83 153.10 Td (from ) Tj ET Q q 0 0 0 rg BT 390.96 153.10 Td (future ) Tj ET Q q 0 0 0 rg BT 417.52 153.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 449.08 153.10 Td (income ) Tj ET Q q 0 0 0 rg BT 481.21 153.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.34 153.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.81 153.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.71 153.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 550.84 153.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 80.88 141.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.38 141.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 135.86 141.10 Td (is ) Tj ET Q q 0 0 0 rg BT 145.04 141.10 Td (not ) Tj ET Q q 0 0 0 rg BT 160.32 141.10 Td (more ) Tj ET Q q 0 0 0 rg BT 183.38 141.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 208.66 141.10 Td (than ) Tj ET Q q 0 0 0 rg BT 228.38 141.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 246.16 141.10 Td (we ) Tj ET Q q 0 0 0 rg BT 260.33 141.10 Td (must ) Tj ET Q q 0 0 0 rg BT 282.28 141.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 319.79 141.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.73 141.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 366.45 141.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 409.49 141.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.77 141.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 448.92 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.65 141.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 499.46 141.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.18 141.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 540.02 141.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 141.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 129.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 81.73 129.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.96 129.10 Td (is ) Tj ET Q q 0 0 0 rg BT 107.87 129.10 Td (more ) Tj ET Q q 0 0 0 rg BT 130.65 129.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 155.66 129.10 Td (than ) Tj ET Q q 0 0 0 rg BT 175.12 129.10 Td (not ) Tj ET Q q 0 0 0 rg BT 190.13 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.14 129.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.82 129.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 248.03 129.10 Td (W) Tj ET Q q 0 0 0 rg BT 256.67 129.10 Td (e ) Tj ET Q q 0 0 0 rg BT 263.35 129.10 Td (are ) Tj ET Q q 0 0 0 rg BT 277.79 129.10 Td (planning ) Tj ET Q q 0 0 0 rg BT 315.02 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.04 129.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 349.00 129.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 371.24 129.10 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 406.80 129.10 Td (as ) Tj ET Q q 0 0 0 rg BT 417.37 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.94 129.10 Td (January ) Tj ET Q q 0 0 0 rg BT 461.27 129.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 471.01 129.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 495.25 129.10 Td (As ) Tj ET Q q 0 0 0 rg BT 508.60 129.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.27 129.10 Td (result ) Tj ET Q q 0 0 0 rg BT 539.73 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 129.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.10 Td (adoption, ) Tj ET Q q 0 0 0 rg BT 89.49 117.10 Td (we ) Tj ET Q q 0 0 0 rg BT 103.64 117.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 132.23 117.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 160.82 117.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 175.53 117.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 209.68 117.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.95 117.10 Td (be ) Tj ET Q q 0 0 0 rg BT 231.88 117.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 278.23 117.10 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 334.60 117.10 Td (as ) Tj ET Q q 0 0 0 rg BT 345.42 117.10 Td (income ) Tj ET Q q 0 0 0 rg BT 377.35 117.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.06 117.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 422.31 117.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.14 117.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 467.83 117.10 Td (when ) Tj ET Q q 0 0 0 rg BT 491.99 117.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 515.59 117.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 546.40 117.10 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.26 105.10 Td (are ) Tj ET Q q 0 0 0 rg BT 74.90 105.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 105.94 105.10 Td (Given ) Tj ET Q q 0 0 0 rg BT 132.81 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.46 105.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 182.66 105.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 230.07 105.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.28 105.10 Td (predicting ) Tj ET Q q 0 0 0 rg BT 283.26 105.10 Td (future ) Tj ET Q q 0 0 0 rg BT 309.57 105.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 359.20 105.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 411.90 105.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 438.20 105.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 472.29 105.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 506.36 105.10 Td (may ) Tj ET Q q 0 0 0 rg BT 526.01 105.10 Td (vary) Tj ET Q q 0 0 0 rg BT 543.13 105.10 Td (, ) Tj ET Q q 0 0 0 rg BT 548.06 105.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.22 93.10 Td (result ) Tj ET Q q 0 0 0 rg BT 93.93 93.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.21 93.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 142.82 93.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.10 93.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.93 93.10 Td (income ) Tj ET Q q 0 0 0 rg BT 200.86 93.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 215.58 93.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 250.29 93.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.12 93.10 Td (benefit.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (36) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.21 740.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 135.60 740.25 Td (Policies ) Tj ET Q q 0 0 0 rg BT 170.32 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.94 740.25 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.43 723.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 136.47 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.28 723.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 189.87 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.58 723.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.28 723.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.64 723.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 297.78 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.60 723.25 Td (results ) Tj ET Q q 0 0 0 rg BT 345.08 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.78 723.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 401.81 723.25 Td (are ) Tj ET Q q 0 0 0 rg BT 417.39 723.25 Td (based ) Tj ET Q q 0 0 0 rg BT 443.54 723.25 Td (on ) Tj ET Q q 0 0 0 rg BT 456.91 723.25 Td (our ) Tj ET Q q 0 0 0 rg BT 473.61 723.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 723.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.74 711.25 Td (which ) Tj ET Q q 0 0 0 rg BT 120.21 711.25 Td (are ) Tj ET Q q 0 0 0 rg BT 134.45 711.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 171.46 711.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.27 711.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 228.26 711.25 Td (with ) Tj ET Q q 0 0 0 rg BT 248.07 711.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 267.88 711.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 294.00 711.25 Td (. ) Tj ET Q q 0 0 0 rg BT 298.39 711.25 Td (The ) Tj ET Q q 0 0 0 rg BT 315.96 711.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 363.53 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.89 711.25 Td (these ) Tj ET Q q 0 0 0 rg BT 396.47 711.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 449.04 711.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 486.05 711.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 530.30 711.25 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (us ) Tj ET Q q 0 0 0 rg BT 62.18 699.25 Td (to ) Tj ET Q q 0 0 0 rg BT 73.75 699.25 Td (make ) Tj ET Q q 0 0 0 rg BT 99.20 699.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 140.20 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.43 699.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 211.67 699.25 Td (that ) Tj ET Q q 0 0 0 rg BT 230.45 699.25 Td (af) Tj ET Q q 0 0 0 rg BT 238.04 699.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 256.82 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.82 699.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 309.93 699.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 347.61 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.73 699.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 389.35 699.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 432.86 699.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 474.68 699.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 517.07 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.30 699.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 98.40 687.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.03 687.25 Td (e ) Tj ET Q q 0 0 0 rg BT 113.58 687.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 149.00 687.25 Td (our ) Tj ET Q q 0 0 0 rg BT 164.45 687.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 203.77 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.32 687.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 271.88 687.25 Td (on ) Tj ET Q q 0 0 0 rg BT 283.99 687.25 Td (an ) Tj ET Q q 0 0 0 rg BT 295.54 687.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 330.43 687.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 355.04 687.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 372.70 687.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 412.02 687.25 Td (are ) Tj ET Q q 0 0 0 rg BT 426.34 687.25 Td (based ) Tj ET Q q 0 0 0 rg BT 451.22 687.25 Td (on ) Tj ET Q q 0 0 0 rg BT 463.33 687.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 502.65 687.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 548.06 687.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (various ) Tj ET Q q 0 0 0 rg BT 81.95 675.25 Td (other ) Tj ET Q q 0 0 0 rg BT 105.51 675.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 157.96 675.25 Td (that ) Tj ET Q q 0 0 0 rg BT 175.97 675.25 Td (we ) Tj ET Q q 0 0 0 rg BT 190.64 675.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 222.52 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 233.31 675.25 Td (be ) Tj ET Q q 0 0 0 rg BT 245.76 675.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 291.52 675.25 Td (under ) Tj ET Q q 0 0 0 rg BT 317.30 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.53 675.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 394.68 675.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 413.24 675.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 440.13 675.25 Td (results ) Tj ET Q q 0 0 0 rg BT 469.24 675.25 Td (could ) Tj ET Q q 0 0 0 rg BT 494.47 675.25 Td (dif) Tj ET Q q 0 0 0 rg BT 505.40 675.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 519.51 675.25 Td (from ) Tj ET Q q 0 0 0 rg BT 541.96 675.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.25 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 646.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.25 646.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 117.80 646.25 Td (that ) Tj ET Q q 0 0 0 rg BT 134.47 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.37 646.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 199.49 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.60 646.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 254.49 646.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 297.26 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 316.72 646.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 350.04 646.25 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 399.76 646.25 Td (income ) Tj ET Q q 0 0 0 rg BT 430.87 646.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 455.59 646.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 504.47 646.25 Td (compensation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 86.97 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.33 634.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 145.23 634.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 172.98 634.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 188.77 634.25 Td (value ) Tj ET Q q 0 0 0 rg BT 212.34 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.59 634.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 274.78 634.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 310.00 634.25 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 366.64 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.99 634.25 Td (software ) Tj ET Q q 0 0 0 rg BT 419.34 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.69 634.25 Td (website ) Tj ET Q q 0 0 0 rg BT 468.15 634.25 Td (development ) Tj ET Q q 0 0 0 rg BT 521.72 634.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 543.63 634.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.30 622.25 Td (greatest ) Tj ET Q q 0 0 0 rg BT 97.98 622.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 135.55 622.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 165.35 622.25 Td (on ) Tj ET Q q 0 0 0 rg BT 177.94 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 193.85 622.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.98 622.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.54 622.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 331.65 622.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 376.15 622.25 Td (we ) Tj ET Q q 0 0 0 rg BT 390.39 622.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 426.85 622.25 Td (these ) Tj ET Q q 0 0 0 rg BT 449.99 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.35 622.25 Td (be ) Tj ET Q q 0 0 0 rg BT 472.37 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 488.29 622.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 518.63 622.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 83.85 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.54 610.25 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 144.50 610.25 Td (For ) Tj ET Q q 0 0 0 rg BT 161.64 610.25 Td (further ) Tj ET Q q 0 0 0 rg BT 192.10 610.25 Td (information ) Tj ET Q q 0 0 0 rg BT 242.56 610.25 Td (on ) Tj ET Q q 0 0 0 rg BT 255.81 610.25 Td (all ) Tj ET Q q 0 0 0 rg BT 269.06 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.64 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.21 610.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 342.68 610.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 389.80 610.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 426.65 610.25 Td (please ) Tj ET Q q 0 0 0 rg BT 454.89 610.25 Td (see ) Tj ET Q q 0 0 0 rg BT 470.90 610.25 Td (Note) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.84 610.25 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.84 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 501.09 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.67 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.14 610.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.72 610.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 598.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.49 598.25 Td (Statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.55 572.25 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 555.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 555.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.54 555.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 125.37 555.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 163.88 555.25 Td (from ) Tj ET Q q 0 0 0 rg BT 186.29 555.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 208.69 555.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.99 555.25 Td (services ) Tj ET Q q 0 0 0 rg BT 255.16 555.25 Td (including ) Tj ET Q q 0 0 0 rg BT 295.91 555.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 347.76 555.25 Td (services ) Tj ET Q q 0 0 0 rg BT 382.93 555.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.34 555.25 Td (usage-based ) Tj ET Q q 0 0 0 rg BT 452.18 555.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 473.74 555.25 Td (transactional ) Tj ET Q q 0 0 0 rg BT 527.80 555.25 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 543.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 117.82 543.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 154.84 543.25 Td (W) Tj ET Q q 0 0 0 rg BT 163.48 543.25 Td (e ) Tj ET Q q 0 0 0 rg BT 170.42 543.25 Td (categorize ) Tj ET Q q 0 0 0 rg BT 214.00 543.25 Td (our ) Tj ET Q q 0 0 0 rg BT 229.83 543.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 267.86 543.25 Td (as ) Tj ET Q q 0 0 0 rg BT 278.69 543.25 Td (either ) Tj ET Q q 0 0 0 rg BT 303.96 543.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 351.44 543.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.27 543.25 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 409.76 543.25 Td (revenue.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 515.68505859375 m 162.66015625 515.68505859375 l s q 0 0 0 rg BT 73.50 517.25 Td (On-Demand ) Tj ET Q q 0 0 0 rg BT 127.11 517.25 Td (Revenue) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 497.25 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 127.77 497.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 165.80 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.52 497.25 Td (Usage-Based ) Tj ET Q q 0 0 0 rg BT 243.55 497.25 Td (Fee ) Tj ET Q q 0 0 0 rg BT 262.91 497.25 Td (Arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.07 497.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.79 497.25 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 382.06 497.25 Td (services ) Tj ET Q q 0 0 0 rg BT 418.98 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.13 497.25 Td (usage-based ) Tj ET Q q 0 0 0 rg BT 491.71 497.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 508.64 497.25 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.40 485.25 Td (include ) Tj ET Q q 0 0 0 rg BT 121.53 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.67 485.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 181.36 485.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.69 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.39 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 208.42 485.25 Td (products ) Tj ET Q q 0 0 0 rg BT 245.56 485.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 285.46 485.25 Td (as ) Tj ET Q q 0 0 0 rg BT 296.49 485.25 Td (SaaS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.19 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.33 485.25 Td (support ) Tj ET Q q 0 0 0 rg BT 369.02 485.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 406.24 485.25 Td (These ) Tj ET Q q 0 0 0 rg BT 432.81 485.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 489.37 485.25 Td (are ) Tj ET Q q 0 0 0 rg BT 504.28 485.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 544.18 485.25 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (cancelable ) Tj ET Q q 0 0 0 rg BT 94.19 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.13 473.25 Td (do ) Tj ET Q q 0 0 0 rg BT 123.63 473.25 Td (not ) Tj ET Q q 0 0 0 rg BT 138.90 473.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 170.84 473.25 Td (refund-type ) Tj ET Q q 0 0 0 rg BT 219.98 473.25 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 266.47 473.25 Td (This ) Tj ET Q q 0 0 0 rg BT 286.75 473.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 320.90 473.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 358.39 473.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 394.21 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.93 473.25 Td (following:) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 456.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 142.47 456.25 Td (Revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.83 456.25 Td ( ) Tj ET Q q 0 0 0 rg BT 181.08 456.25 Td (W) Tj ET Q q 0 0 0 rg BT 189.72 456.25 Td (e ) Tj ET Q q 0 0 0 rg BT 196.57 456.25 Td (of) Tj ET Q q 0 0 0 rg BT 204.72 456.25 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.24 456.25 Td (web-based, ) Tj ET Q q 0 0 0 rg BT 265.92 456.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 313.32 456.25 Td (access ) Tj ET Q q 0 0 0 rg BT 341.28 456.25 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.06 456.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.48 456.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.23 456.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 415.19 456.25 Td (software ) Tj ET Q q 0 0 0 rg BT 452.04 456.25 Td (for ) Tj ET Q q 0 0 0 rg BT 466.12 456.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.98 456.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 508.73 456.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 547.80 456.25 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 444.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 444.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.09 444.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.64 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.87 444.25 Td (right ) Tj ET Q q 0 0 0 rg BT 154.76 444.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.55 444.25 Td (access) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.09 444.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.10 444.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.44 444.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 226.66 444.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 272.55 444.25 Td (software ) Tj ET Q q 0 0 0 rg BT 308.99 444.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.43 444.25 Td ( ) Tj ET Q q 0 0 0 rg BT 325.44 444.25 Td (handle ) Tj ET Q q 0 0 0 rg BT 354.10 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.33 444.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 424.78 444.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.12 444.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 476.57 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.79 444.25 Td (servers, ) Tj ET Q q 0 0 0 rg BT 523.62 444.25 Td (providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 432.25 Td (security) Tj ET Q q 0 0 0 rg BT 103.01 432.25 Td (, ) Tj ET Q q 0 0 0 rg BT 107.15 432.25 Td (backing ) Tj ET Q q 0 0 0 rg BT 140.45 432.25 Td (up ) Tj ET Q q 0 0 0 rg BT 152.10 432.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.96 432.25 Td (data ) Tj ET Q q 0 0 0 rg BT 184.26 432.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.34 432.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 236.99 432.25 Td (updates. ) Tj ET Q q 0 0 0 rg BT 271.68 432.25 Td (Customers ) Tj ET Q q 0 0 0 rg BT 316.10 432.25 Td (under ) Tj ET Q q 0 0 0 rg BT 340.52 432.25 Td (this ) Tj ET Q q 0 0 0 rg BT 356.61 432.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 408.23 432.25 Td (may ) Tj ET Q q 0 0 0 rg BT 427.09 432.25 Td (not ) Tj ET Q q 0 0 0 rg BT 441.51 432.25 Td (take ) Tj ET Q q 0 0 0 rg BT 459.81 432.25 Td (possession ) Tj ET Q q 0 0 0 rg BT 504.24 432.25 Td (of ) Tj ET Q q 0 0 0 rg BT 514.22 432.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.08 432.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 420.25 Td (at ) Tj ET Q q 0 0 0 rg BT 80.67 420.25 Td (any ) Tj ET Q q 0 0 0 rg BT 96.56 420.25 Td (time ) Tj ET Q q 0 0 0 rg BT 115.79 420.25 Td (during ) Tj ET Q q 0 0 0 rg BT 143.35 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.02 420.25 Td (term ) Tj ET Q q 0 0 0 rg BT 176.80 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.59 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.26 420.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 245.85 420.25 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 297.86 420.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 330.96 420.25 Td (is ) Tj ET Q q 0 0 0 rg BT 339.09 420.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 384.40 420.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 413.62 420.25 Td (over ) Tj ET Q q 0 0 0 rg BT 432.84 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.52 420.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 480.17 420.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 503.84 420.25 Td (as ) Tj ET Q q 0 0 0 rg BT 513.63 420.25 Td (subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 408.25 Td (services ) Tj ET Q q 0 0 0 rg BT 106.23 408.25 Td (are ) Tj ET Q q 0 0 0 rg BT 120.46 408.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 160.54 408.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 202.56 408.25 Td (on ) Tj ET Q q 0 0 0 rg BT 214.58 408.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.83 408.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 294.16 408.25 Td (date ) Tj ET Q q 0 0 0 rg BT 312.84 408.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.19 408.25 Td (each ) Tj ET Q q 0 0 0 rg BT 343.53 408.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 380.26 408.25 Td (which ) Tj ET Q q 0 0 0 rg BT 406.72 408.25 Td (is ) Tj ET Q q 0 0 0 rg BT 415.42 408.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.66 408.25 Td (date ) Tj ET Q q 0 0 0 rg BT 448.34 408.25 Td (our ) Tj ET Q q 0 0 0 rg BT 463.70 408.25 Td (service ) Tj ET Q q 0 0 0 rg BT 494.04 408.25 Td (is ) Tj ET Q q 0 0 0 rg BT 502.73 408.25 Td (made ) Tj ET Q q 0 0 0 rg BT 526.42 408.25 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 396.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.12 396.25 Td (customers.Contracts ) Tj ET Q q 0 0 0 rg BT 168.33 396.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 207.87 396.25 Td (range ) Tj ET Q q 0 0 0 rg BT 232.42 396.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.20 396.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.64 396.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.98 396.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.10 396.25 Td (five ) Tj ET Q q 0 0 0 rg BT 298.98 396.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.08 396.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.41 396.25 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 376.52 396.25 Td (, ) Tj ET Q q 0 0 0 rg BT 381.36 396.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 424.24 396.25 Td (can ) Tj ET Q q 0 0 0 rg BT 440.46 396.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 461.67 396.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.79 396.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 488.57 396.25 Td (on ) Tj ET Q q 0 0 0 rg BT 500.91 396.25 Td (a ) Tj ET Q q 0 0 0 rg BT 507.69 396.25 Td (success ) Tj ET Q q 0 0 0 rg BT 540.02 396.25 Td (basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 384.25 Td (Success ) Tj ET Q q 0 0 0 rg BT 105.24 384.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 126.82 384.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 164.50 384.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 203.28 384.25 Td (have ) Tj ET Q q 0 0 0 rg BT 223.74 384.25 Td (a ) Tj ET Q q 0 0 0 rg BT 229.76 384.25 Td (term ) Tj ET Q q 0 0 0 rg BT 249.66 384.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.99 384.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.58 384.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.01 384.25 Td ( ) Tj ET Q q 0 0 0 rg BT 275.59 384.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.95 384.25 Td (five ) Tj ET Q q 0 0 0 rg BT 302.08 384.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.18 384.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.76 384.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.78 384.25 Td (are ) Tj ET Q q 0 0 0 rg BT 354.57 384.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 384.48 384.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.83 384.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 428.75 384.25 Td (base ) Tj ET Q q 0 0 0 rg BT 448.10 384.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 468.28 384.25 Td (which ) Tj ET Q q 0 0 0 rg BT 494.30 384.25 Td (enable ) Tj ET Q q 0 0 0 rg BT 521.97 384.25 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 372.25 Td (to ) Tj ET Q q 0 0 0 rg BT 82.47 372.25 Td (close ) Tj ET Q q 0 0 0 rg BT 105.71 372.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 129.50 372.25 Td (up ) Tj ET Q q 0 0 0 rg BT 142.20 372.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.66 372.25 Td (a ) Tj ET Q q 0 0 0 rg BT 159.79 372.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 214.68 372.25 Td (agreed-to ) Tj ET Q q 0 0 0 rg BT 255.13 372.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 296.71 372.25 Td (number ) Tj ET Q q 0 0 0 rg BT 329.94 372.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.96 372.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 393.92 372.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.05 372.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 453.73 372.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 481.97 372.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 501.87 372.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 523.16 372.25 Td (which ) Tj ET Q q 0 0 0 rg BT 550.29 372.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 360.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 108.37 360.25 Td (for ) Tj ET Q q 0 0 0 rg BT 122.53 360.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 146.13 360.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 174.16 360.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.43 360.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 213.02 360.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.85 360.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.55 360.25 Td (minimum. ) Tj ET Q q 0 0 0 rg BT 282.44 360.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 319.92 360.25 Td (is ) Tj ET Q q 0 0 0 rg BT 329.08 360.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 358.21 360.25 Td (from ) Tj ET Q q 0 0 0 rg BT 380.14 360.25 Td (both ) Tj ET Q q 0 0 0 rg BT 400.41 360.25 Td (base ) Tj ET Q q 0 0 0 rg BT 420.67 360.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 439.26 360.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.19 360.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 498.68 360.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 526.72 360.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 546.42 360.25 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 348.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.99 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.86 348.25 Td (result ) Tj ET Q q 0 0 0 rg BT 122.73 348.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.71 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.59 348.25 Td (customer) Tj ET Q q 0 0 0 rg BT 185.61 348.25 Td () Tj ET Q q 0 0 0 rg BT 188.39 348.25 Td (s ) Tj ET Q q 0 0 0 rg BT 194.94 348.25 Td (usage ) Tj ET Q q 0 0 0 rg BT 220.36 348.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.35 348.25 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 282.05 348.25 Td (Monthly ) Tj ET Q q 0 0 0 rg BT 319.15 348.25 Td (base ) Tj ET Q q 0 0 0 rg BT 339.58 348.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 358.33 348.25 Td (are ) Tj ET Q q 0 0 0 rg BT 373.19 348.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 419.71 348.25 Td (over ) Tj ET Q q 0 0 0 rg BT 440.13 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.01 348.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 498.19 348.25 Td (monthly ) Tj ET Q q 0 0 0 rg BT 534.18 348.25 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 336.25 Td (period ) Tj ET Q q 0 0 0 rg BT 99.94 336.25 Td (as ) Tj ET Q q 0 0 0 rg BT 110.67 336.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.29 336.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 176.57 336.25 Td (services ) Tj ET Q q 0 0 0 rg BT 211.17 336.25 Td (are ) Tj ET Q q 0 0 0 rg BT 225.78 336.25 Td (provided. ) Tj ET Q q 0 0 0 rg BT 265.69 336.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 310.87 336.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 338.81 336.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 362.32 336.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 380.81 336.25 Td (are ) Tj ET Q q 0 0 0 rg BT 395.42 336.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 441.68 336.25 Td (when ) Tj ET Q q 0 0 0 rg BT 465.73 336.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.35 336.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 503.85 336.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.46 336.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 554.17 336.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 324.25 Td (closed. ) Tj ET Q q 0 0 0 rg BT 102.03 324.25 Td (This ) Tj ET Q q 0 0 0 rg BT 121.94 324.25 Td (of) Tj ET Q q 0 0 0 rg BT 130.09 324.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 156.10 324.25 Td (also ) Tj ET Q q 0 0 0 rg BT 174.34 324.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 209.80 324.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 257.48 324.25 Td (CenterW) Tj ET Q q 0 0 0 rg BT 293.17 324.25 Td (ise, ) Tj ET Q q 0 0 0 rg BT 308.92 324.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 356.60 324.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 407.05 324.25 Td (Service, ) Tj ET Q q 0 0 0 rg BT 441.67 324.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.24 324.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 505.92 324.25 Td (Docs ) Tj ET Q q 0 0 0 rg BT 528.61 324.25 Td (Solution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 312.25 Td (as ) Tj ET Q q 0 0 0 rg BT 84.07 312.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 127.79 312.25 Td (components, ) Tj ET Q q 0 0 0 rg BT 182.36 312.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.54 312.25 Td (are ) Tj ET Q q 0 0 0 rg BT 226.48 312.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 269.66 312.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 308.94 312.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.01 312.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.97 312.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 390.68 312.25 Td (that ) Tj ET Q q 0 0 0 rg BT 409.41 312.25 Td (are ) Tj ET Q q 0 0 0 rg BT 425.36 312.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 466.30 312.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.82 312.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 528.77 312.25 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 312.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 300.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.05 300.25 Td (of) Tj ET Q q 0 0 0 rg BT 128.20 300.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 154.57 300.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.51 300.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 210.10 300.25 Td (are ) Tj ET Q q 0 0 0 rg BT 224.80 300.25 Td (not ) Tj ET Q q 0 0 0 rg BT 240.08 300.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 283.11 300.25 Td (for ) Tj ET Q q 0 0 0 rg BT 297.27 300.25 Td (separately) Tj ET Q q 0 0 0 rg BT 337.16 300.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 283.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 132.68 283.25 Td (Revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.04 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.55 283.25 Td (W) Tj ET Q q 0 0 0 rg BT 182.19 283.25 Td (e ) Tj ET Q q 0 0 0 rg BT 191.49 283.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 283.25 Td (a ) Tj ET Q q 0 0 0 rg BT 236.20 283.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 268.83 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.02 283.25 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 355.18 283.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.48 283.25 Td (other ) Tj ET Q q 0 0 0 rg BT 399.89 283.25 Td (business ) Tj ET Q q 0 0 0 rg BT 438.65 283.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 478.21 283.25 Td (including ) Tj ET Q q 0 0 0 rg BT 520.85 283.25 Td (automated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 271.25 Td (documentation; ) Tj ET Q q 0 0 0 rg BT 138.50 271.25 Td (fraud ) Tj ET Q q 0 0 0 rg BT 163.88 271.25 Td (detection, ) Tj ET Q q 0 0 0 rg BT 207.32 271.25 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 251.33 271.25 Td (validation, ) Tj ET Q q 0 0 0 rg BT 298.11 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.83 271.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 336.12 271.25 Td (analysis; ) Tj ET Q q 0 0 0 rg BT 375.41 271.25 Td (income ) Tj ET Q q 0 0 0 rg BT 409.13 271.25 Td (verification; ) Tj ET Q q 0 0 0 rg BT 462.29 271.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 507.12 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.85 271.25 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 259.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 121.23 259.25 Td (management; ) Tj ET Q q 0 0 0 rg BT 177.12 259.25 Td (product ) Tj ET Q q 0 0 0 rg BT 209.68 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.14 259.25 Td (pricing; ) Tj ET Q q 0 0 0 rg BT 259.26 259.25 Td (flood ) Tj ET Q q 0 0 0 rg BT 282.38 259.25 Td (zone ) Tj ET Q q 0 0 0 rg BT 303.28 259.25 Td (certifications; ) Tj ET Q q 0 0 0 rg BT 360.27 259.25 Td (website ) Tj ET Q q 0 0 0 rg BT 392.84 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.29 259.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 450.73 259.25 Td (document ) Tj ET Q q 0 0 0 rg BT 492.18 259.25 Td (management; ) Tj ET Q q 0 0 0 rg BT 548.07 259.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 247.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 120.59 247.25 Td (reports. ) Tj ET Q q 0 0 0 rg BT 153.36 247.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 189.73 247.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 223.88 247.25 Td (is ) Tj ET Q q 0 0 0 rg BT 233.05 247.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 279.41 247.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 301.91 247.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 349.40 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.23 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.95 247.25 Td (services.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 227.25 Td (T) Tj ET Q q 0 0 0 rg BT 77.51 227.25 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 131.48 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.90 227.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 176.64 227.25 Td (Revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 227.25 Td ( ) Tj ET Q q 0 0 0 rg BT 216.17 227.25 Td (W) Tj ET Q q 0 0 0 rg BT 224.81 227.25 Td (e ) Tj ET Q q 0 0 0 rg BT 232.66 227.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.95 227.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 287.79 227.25 Td (into ) Tj ET Q q 0 0 0 rg BT 306.76 227.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 355.71 227.25 Td (with ) Tj ET Q q 0 0 0 rg BT 376.90 227.25 Td (various ) Tj ET Q q 0 0 0 rg BT 409.75 227.25 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 444.55 227.25 Td (service ) Tj ET Q q 0 0 0 rg BT 476.28 227.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 517.46 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.31 227.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.25 Td (government-sponsored ) Tj ET Q q 0 0 0 rg BT 145.22 215.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 178.19 215.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 232.80 215.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.66 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.96 215.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 302.80 215.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 350.76 215.25 Td (process ) Tj ET Q q 0 0 0 rg BT 384.83 215.25 Td (that ) Tj ET Q q 0 0 0 rg BT 403.90 215.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 438.53 215.25 Td (them ) Tj ET Q q 0 0 0 rg BT 462.60 215.25 Td (access ) Tj ET Q q 0 0 0 rg BT 492.22 215.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 506.58 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.09 215.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.72 215.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.25 Td (interoperate ) Tj ET Q q 0 0 0 rg BT 101.22 203.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 125.46 203.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 167.19 203.25 Td (originators ) Tj ET Q q 0 0 0 rg BT 214.48 203.25 Td (on ) Tj ET Q q 0 0 0 rg BT 228.45 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.63 203.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 267.48 203.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 289.21 203.25 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.70 203.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.67 203.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 359.63 203.25 Td (these ) Tj ET Q q 0 0 0 rg BT 384.14 203.25 Td (agreements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.17 203.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.14 203.25 Td (we ) Tj ET Q q 0 0 0 rg BT 451.77 203.25 Td (earn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.94 203.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 520.78 203.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 540.84 203.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 99.75 191.25 Td (are ) Tj ET Q q 0 0 0 rg BT 114.45 191.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 156.37 191.25 Td (through ) Tj ET Q q 0 0 0 rg BT 189.96 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.67 191.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 226.04 191.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 246.30 191.25 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.79 191.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.10 191.25 Td (T) Tj ET Q q 0 0 0 rg BT 291.86 191.25 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 342.66 191.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 376.79 191.25 Td (is ) Tj ET Q q 0 0 0 rg BT 385.95 191.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 432.30 191.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 454.79 191.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 502.27 191.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.09 191.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.80 191.25 Td (services.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 174.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 81.63 174.25 Td (ofessional Services Revenue.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 196.86 174.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.36 174.25 Td (Professional services revenue is generally recognized upon delivery or completion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.25 Td (performance milestones for fixed price contracts or as the services are rendered for time and material contracts. ) Tj ET Q q 0 0 0 rg BT 496.89 162.25 Td (The majority of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.25 Td (the Company) Tj ET Q q 0 0 0 rg BT 105.88 150.25 Td (s professional services contracts are on a fixed price basis. ) Tj ET Q q 0 0 0 rg BT 341.45 150.25 Td (T) Tj ET Q q 0 0 0 rg BT 347.21 150.25 Td (raining revenue is recognized as the services are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.25 Td (rendered.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.98 138.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.50 118.25 Td (Subscriptions ) Tj ET Q q 0 0 0 rg BT 129.93 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.69 118.25 Td (Online ) Tj ET Q q 0 0 0 rg BT 170.89 118.25 Td (Resear) Tj ET Q q 0 0 0 rg BT 198.28 118.25 Td (ch ) Tj ET Q q 0 0 0 rg BT 210.70 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.68 118.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 251.67 118.25 Td (Resour) Tj ET Q q 0 0 0 rg BT 279.62 118.25 Td (ces. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.87 118.25 Td (W) Tj ET Q q 0 0 0 rg BT 306.51 118.25 Td (e ) Tj ET Q q 0 0 0 rg BT 313.93 118.25 Td (provide) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 344.48 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.46 118.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 388.20 118.25 Td (originators ) Tj ET Q q 0 0 0 rg BT 434.51 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.93 118.25 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 505.45 118.25 Td (with ) Tj ET Q q 0 0 0 rg BT 526.21 118.25 Td (access ) Tj ET Q q 0 0 0 rg BT 554.72 118.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (online ) Tj ET Q q 0 0 0 rg BT 77.74 106.25 Td (databases ) Tj ET Q q 0 0 0 rg BT 119.30 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.88 106.25 Td (various ) Tj ET Q q 0 0 0 rg BT 163.56 106.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 194.56 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.25 106.25 Td (state ) Tj ET Q q 0 0 0 rg BT 233.82 106.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 255.40 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.08 106.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 320.76 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.44 106.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 365.02 106.25 Td (as ) Tj ET Q q 0 0 0 rg BT 376.60 106.25 Td (well ) Tj ET Q q 0 0 0 rg BT 397.06 106.25 Td (as ) Tj ET Q q 0 0 0 rg BT 408.64 106.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 449.65 106.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 485.11 106.25 Td (product ) Tj ET Q q 0 0 0 rg BT 518.90 106.25 Td (guidelines. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 102.71 94.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 121.46 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 136.32 94.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 182.84 94.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 213.26 94.25 Td (over ) Tj ET Q q 0 0 0 rg BT 233.68 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.55 94.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 300.09 94.25 Td (term ) Tj ET Q q 0 0 0 rg BT 321.07 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 332.05 94.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 383.59 94.25 Td (services ) Tj ET Q q 0 0 0 rg BT 418.46 94.25 Td (are ) Tj ET Q q 0 0 0 rg BT 433.32 94.25 Td (provided, ) Tj ET Q q 0 0 0 rg BT 474.02 94.25 Td (which ) Tj ET Q q 0 0 0 rg BT 501.11 94.25 Td (is ) Tj ET Q q 0 0 0 rg BT 510.43 94.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 548.08 94.25 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (year) Tj ET Q q 0 0 0 rg BT 66.16 82.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (37) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 738.68505859375 m 160.9853515625 738.68505859375 l s q 0 0 0 rg BT 73.50 740.25 Td (On-Premise ) Tj ET Q q 0 0 0 rg BT 125.44 740.25 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 723.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 109.22 723.25 Td (from ) Tj ET Q q 0 0 0 rg BT 130.88 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.33 723.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 163.11 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.67 723.25 Td (software ) Tj ET Q q 0 0 0 rg BT 210.33 723.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 244.21 723.25 Td (is ) Tj ET Q q 0 0 0 rg BT 253.12 723.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 299.21 723.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.22 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.66 723.25 Td (month ) Tj ET Q q 0 0 0 rg BT 351.45 723.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.46 723.25 Td (which ) Tj ET Q q 0 0 0 rg BT 388.13 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.58 723.25 Td (required ) Tj ET Q q 0 0 0 rg BT 438.12 723.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 472.00 723.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 519.77 723.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 550.31 723.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (met, ) Tj ET Q q 0 0 0 rg BT 69.68 711.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 109.56 711.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.02 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.92 711.25 Td (month ) Tj ET Q q 0 0 0 rg BT 163.16 711.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.62 711.25 Td (which ) Tj ET Q q 0 0 0 rg BT 200.74 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.64 711.25 Td (software ) Tj ET Q q 0 0 0 rg BT 252.75 711.25 Td (is ) Tj ET Q q 0 0 0 rg BT 262.10 711.25 Td (delivered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.80 711.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.49 711.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 342.15 711.25 Td (from ) Tj ET Q q 0 0 0 rg BT 364.27 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.17 711.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 397.40 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.42 711.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 461.62 711.25 Td (services ) Tj ET Q q 0 0 0 rg BT 496.51 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.63 711.25 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (services ) Tj ET Q q 0 0 0 rg BT 84.71 699.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.38 699.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 141.24 699.25 Td (over ) Tj ET Q q 0 0 0 rg BT 162.01 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.22 699.25 Td (period ) Tj ET Q q 0 0 0 rg BT 205.77 699.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.55 699.25 Td (which ) Tj ET Q q 0 0 0 rg BT 243.98 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.20 699.25 Td (services ) Tj ET Q q 0 0 0 rg BT 294.41 699.25 Td (are ) Tj ET Q q 0 0 0 rg BT 309.61 699.25 Td (provided.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.66 699.25 Td ( ) Tj ET Q q 0 0 0 rg BT 350.00 699.25 Td (As ) Tj ET Q q 0 0 0 rg BT 364.11 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.44 699.25 Td (June ) Tj ET Q q 0 0 0 rg BT 396.77 699.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 412.27 699.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 437.77 699.25 Td (we ) Tj ET Q q 0 0 0 rg BT 452.43 699.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 497.08 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.29 699.25 Td (migration ) Tj ET Q q 0 0 0 rg BT 554.18 699.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.55 687.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.83 687.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.66 687.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 166.14 687.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 214.19 687.25 Td (of) Tj ET Q q 0 0 0 rg BT 222.34 687.25 Td (fering, ) Tj ET Q q 0 0 0 rg BT 251.21 687.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.15 687.25 Td (we ) Tj ET Q q 0 0 0 rg BT 282.31 687.25 Td (do ) Tj ET Q q 0 0 0 rg BT 294.81 687.25 Td (not ) Tj ET Q q 0 0 0 rg BT 310.09 687.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 338.68 687.25 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 386.17 687.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 424.21 687.25 Td (in ) Tj ET Q q 0 0 0 rg BT 434.49 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.20 687.25 Td (future.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 659.68505859375 m 206.478515625 659.68505859375 l s q 0 0 0 rg BT 73.50 661.25 Td (Multiple ) Tj ET Q q 0 0 0 rg BT 111.00 661.25 Td (Element ) Tj ET Q q 0 0 0 rg BT 147.58 661.25 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 644.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 644.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.62 644.25 Td (enter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.15 644.25 Td (into ) Tj ET Q q 0 0 0 rg BT 128.25 644.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 184.66 644.25 Td (with ) Tj ET Q q 0 0 0 rg BT 204.98 644.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 240.85 644.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 278.94 644.25 Td (that ) Tj ET Q q 0 0 0 rg BT 296.48 644.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 336.22 644.25 Td (include ) Tj ET Q q 0 0 0 rg BT 368.20 644.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 404.08 644.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 459.40 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.38 644.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 527.80 644.25 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (For ) Tj ET Q q 0 0 0 rg BT 64.74 632.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 119.94 632.25 Td (with ) Tj ET Q q 0 0 0 rg BT 139.07 632.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 173.74 632.25 Td (deliverables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.05 632.25 Td (, ) Tj ET Q q 0 0 0 rg BT 225.90 632.25 Td (we ) Tj ET Q q 0 0 0 rg BT 238.90 632.25 Td (evaluate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.56 632.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 307.11 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.67 632.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 362.57 632.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 412.23 632.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 441.90 632.25 Td (as ) Tj ET Q q 0 0 0 rg BT 451.57 632.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 485.67 632.25 Td (units ) Tj ET Q q 0 0 0 rg BT 506.47 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 632.25 Td (accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.91 620.25 Td (order ) Tj ET Q q 0 0 0 rg BT 85.09 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.95 620.25 Td (treat ) Tj ET Q q 0 0 0 rg BT 116.79 620.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 168.19 620.25 Td (in ) Tj ET Q q 0 0 0 rg BT 179.05 620.25 Td (a ) Tj ET Q q 0 0 0 rg BT 186.57 620.25 Td (multiple-deliverable ) Tj ET Q q 0 0 0 rg BT 270.73 620.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 323.78 620.25 Td (as ) Tj ET Q q 0 0 0 rg BT 335.19 620.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 371.02 620.25 Td (units ) Tj ET Q q 0 0 0 rg BT 393.55 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.96 620.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 454.42 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.71 620.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 521.11 620.25 Td (must ) Tj ET Q q 0 0 0 rg BT 543.64 620.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.76 608.25 Td (value ) Tj ET Q q 0 0 0 rg BT 118.92 608.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 141.42 608.25 Td (delivery) Tj ET Q q 0 0 0 rg BT 173.53 608.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 591.25 Td (Subscription services have standalone value as such services are often sold separately) Tj ET Q q 0 0 0 rg BT 413.73 591.25 Td (. ) Tj ET Q q 0 0 0 rg BT 418.18 591.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 468.08 591.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.58 591.25 Td ( we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.24 591.25 Td (concluded that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.25 Td (professional services included in multiple element arrangements also have standalone value. In establishing standalone value,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.57 579.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.66 567.25 Td (considered the following factors for each professional services agreement: availability of the services from other vendors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.25 Td (the nature of the professional services, and the timing of when the professional services contract was signed in comparison to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.25 Td (the subscription service start date. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 526.25 Td (When ) Tj ET Q q 0 0 0 rg BT 99.00 526.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 150.51 526.25 Td (services ) Tj ET Q q 0 0 0 rg BT 185.34 526.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 233.49 526.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 266.11 526.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 302.06 526.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 340.22 526.25 Td (that ) Tj ET Q q 0 0 0 rg BT 357.84 526.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 388.79 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 399.74 526.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 435.12 526.25 Td (units ) Tj ET Q q 0 0 0 rg BT 457.19 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.14 526.25 Td (accounting,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.51 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 517.13 526.25 Td (we ) Tj ET Q q 0 0 0 rg BT 531.42 526.25 Td (allocate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 102.77 514.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 159.93 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.01 514.25 Td (all ) Tj ET Q q 0 0 0 rg BT 184.30 514.25 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 235.90 514.25 Td (at ) Tj ET Q q 0 0 0 rg BT 246.41 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.92 514.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 302.43 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.06 514.25 Td (an ) Tj ET Q q 0 0 0 rg BT 326.79 514.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 380.06 514.25 Td (based ) Tj ET Q q 0 0 0 rg BT 406.12 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 419.41 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.93 514.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 468.20 514.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 498.16 514.25 Td (price ) Tj ET Q q 0 0 0 rg BT 521.44 514.25 Td (method ) Tj ET Q q 0 0 0 rg BT 554.73 514.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 97.51 502.25 Td (with ) Tj ET Q q 0 0 0 rg BT 118.34 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.60 502.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 163.32 502.25 Td (price ) Tj ET Q q 0 0 0 rg BT 186.35 502.25 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 223.46 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 229.01 502.25 Td (which ) Tj ET Q q 0 0 0 rg BT 256.49 502.25 Td (includes: ) Tj ET Q q 0 0 0 rg BT 295.65 502.25 Td (\(i\)vendor ) Tj ET Q q 0 0 0 rg BT 338.40 502.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 372.55 502.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 412.25 502.25 Td (evidence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.78 502.25 Td (, ) Tj ET Q q 0 0 0 rg BT 453.33 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.49 502.25 Td (VSOE, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 502.25 Td (if ) Tj ET Q q 0 0 0 rg BT 505.31 502.25 Td (it ) Tj ET Q q 0 0 0 rg BT 513.91 502.25 Td (is ) Tj ET Q q 0 0 0 rg BT 523.63 502.25 Td (available; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (\(ii\)third-party ) Tj ET Q q 0 0 0 rg BT 109.69 490.25 Td (evidence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.23 490.25 Td (, ) Tj ET Q q 0 0 0 rg BT 150.44 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.29 490.25 Td (TPE, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.28 490.25 Td (if ) Tj ET Q q 0 0 0 rg BT 192.91 490.25 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 221.73 490.25 Td (is ) Tj ET Q q 0 0 0 rg BT 231.12 490.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.61 490.25 Td (available; ) Tj ET Q q 0 0 0 rg BT 288.19 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.34 490.25 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 337.77 490.25 Td (best ) Tj ET Q q 0 0 0 rg BT 356.59 490.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 392.63 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.67 490.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 433.05 490.25 Td (price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.03 490.25 Td (, ) Tj ET Q q 0 0 0 rg BT 458.25 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 469.29 490.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 492.08 490.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.30 490.25 Td (if ) Tj ET Q q 0 0 0 rg BT 506.12 490.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 536.40 490.25 Td (VSOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 64.76 478.25 Td (TPE ) Tj ET Q q 0 0 0 rg BT 84.62 478.25 Td (is ) Tj ET Q q 0 0 0 rg BT 93.37 478.25 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.95 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 133.88 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.52 478.25 Td (e ) Tj ET Q q 0 0 0 rg BT 149.04 478.25 Td (have ) Tj ET Q q 0 0 0 rg BT 169.99 478.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 217.05 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 233.98 478.25 Td (TPE ) Tj ET Q q 0 0 0 rg BT 253.83 478.25 Td (is ) Tj ET Q q 0 0 0 rg BT 262.58 478.25 Td (not ) Tj ET Q q 0 0 0 rg BT 277.44 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.96 478.25 Td (practical ) Tj ET Q q 0 0 0 rg BT 320.46 478.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 364.73 478.25 Td (as ) Tj ET Q q 0 0 0 rg BT 375.14 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 390.55 478.25 Td (go-to-market ) Tj ET Q q 0 0 0 rg BT 444.83 478.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 478.57 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.08 478.25 Td (of) Tj ET Q q 0 0 0 rg BT 503.23 478.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 533.08 478.25 Td (contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.93 466.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 102.13 466.25 Td (level ) Tj ET Q q 0 0 0 rg BT 124.56 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.88 466.25 Td (dif) Tj ET Q q 0 0 0 rg BT 146.80 466.25 Td (ferentiation ) Tj ET Q q 0 0 0 rg BT 195.88 466.25 Td (such ) Tj ET Q q 0 0 0 rg BT 217.21 466.25 Td (that ) Tj ET Q q 0 0 0 rg BT 235.19 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.40 466.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 300.03 466.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 331.35 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.67 466.25 Td (services ) Tj ET Q q 0 0 0 rg BT 377.86 466.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.63 466.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 429.40 466.25 Td (functionality ) Tj ET Q q 0 0 0 rg BT 483.49 466.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 513.13 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 525.56 466.25 Td (obtained. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 104.68 454.25 Td (we ) Tj ET Q q 0 0 0 rg BT 119.04 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.95 454.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 163.30 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.77 454.25 Td (reliably ) Tj ET Q q 0 0 0 rg BT 207.01 454.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 249.69 454.25 Td (what ) Tj ET Q q 0 0 0 rg BT 271.83 454.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 302.30 454.25 Td (competitor ) Tj ET Q q 0 0 0 rg BT 348.32 454.25 Td (services) Tj ET Q q 0 0 0 rg BT 383.11 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 385.81 454.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 415.17 454.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 441.75 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 456.65 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 469.35 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 476.49 454.25 Td (standalone ) Tj ET Q q 0 0 0 rg BT 521.95 454.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 546.95 454.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.00 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.83 442.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 126.97 442.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 165.56 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 175.84 442.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 215.54 442.25 Td (items ) Tj ET Q q 0 0 0 rg BT 239.71 442.25 Td (is ) Tj ET Q q 0 0 0 rg BT 248.88 442.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 279.71 442.25 Td (by ) Tj ET Q q 0 0 0 rg BT 292.21 442.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 336.92 442.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 373.56 442.25 Td (if ) Tj ET Q q 0 0 0 rg BT 382.17 442.25 Td (any) Tj ET Q q 0 0 0 rg BT 395.96 442.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.62 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.05 425.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.68 425.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.74 425.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.23 425.25 Td (not ) Tj ET Q q 0 0 0 rg BT 129.63 425.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 177.24 425.25 Td (priced) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.22 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.84 425.25 Td (our) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.17 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.79 425.25 Td (services ) Tj ET Q q 0 0 0 rg BT 255.61 425.25 Td (within ) Tj ET Q q 0 0 0 rg BT 283.78 425.25 Td (a ) Tj ET Q q 0 0 0 rg BT 290.84 425.25 Td (narrow ) Tj ET Q q 0 0 0 rg BT 321.78 425.25 Td (range.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.48 425.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.52 425.25 Td (As ) Tj ET Q q 0 0 0 rg BT 362.25 425.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.31 425.25 Td (result,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.03 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.64 425.25 Td (we ) Tj ET Q q 0 0 0 rg BT 410.92 425.25 Td (have ) Tj ET Q q 0 0 0 rg BT 432.42 425.25 Td (not ) Tj ET Q q 0 0 0 rg BT 447.81 425.25 Td (been ) Tj ET Q q 0 0 0 rg BT 469.30 425.25 Td (able ) Tj ET Q q 0 0 0 rg BT 488.58 425.25 Td (to ) Tj ET Q q 0 0 0 rg BT 498.97 425.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 536.40 425.25 Td (VSOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 79.49 413.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 116.15 413.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 165.48 413.25 Td (, ) Tj ET Q q 0 0 0 rg BT 170.48 413.25 Td (we ) Tj ET Q q 0 0 0 rg BT 184.64 413.25 Td (use ) Tj ET Q q 0 0 0 rg BT 200.47 413.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 224.00 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.50 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.78 413.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 279.26 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.98 413.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 326.46 413.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 355.62 413.25 Td (price ) Tj ET Q q 0 0 0 rg BT 378.11 413.25 Td (for ) Tj ET Q q 0 0 0 rg BT 392.27 413.25 Td (our ) Tj ET Q q 0 0 0 rg BT 408.10 413.25 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 396.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.34 396.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 129.79 396.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.92 396.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 164.45 396.25 Td ( ) Tj ET Q q 0 0 0 rg BT 167.25 396.25 Td (is ) Tj ET Q q 0 0 0 rg BT 176.72 396.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.29 396.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 230.07 396.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.09 396.25 Td (price ) Tj ET Q q 0 0 0 rg BT 267.87 396.25 Td (at ) Tj ET Q q 0 0 0 rg BT 277.88 396.25 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.32 396.25 Td ( ) Tj ET Q q 0 0 0 rg BT 305.12 396.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.58 396.25 Td (would ) Tj ET Q q 0 0 0 rg BT 347.38 396.25 Td (transact ) Tj ET Q q 0 0 0 rg BT 381.27 396.25 Td (a ) Tj ET Q q 0 0 0 rg BT 388.50 396.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 406.85 396.25 Td (if ) Tj ET Q q 0 0 0 rg BT 415.75 396.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.77 396.25 Td (service ) Tj ET Q q 0 0 0 rg BT 461.88 396.25 Td (was ) Tj ET Q q 0 0 0 rg BT 480.23 396.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 499.70 396.25 Td (on ) Tj ET Q q 0 0 0 rg BT 512.50 396.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.73 396.25 Td (standalone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 73.23 384.25 Td (When ) Tj ET Q q 0 0 0 rg BT 98.43 384.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 147.52 384.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 170.31 384.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.81 384.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.14 384.25 Td (we ) Tj ET Q q 0 0 0 rg BT 187.12 384.25 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.65 384.25 Td (company ) Tj ET Q q 0 0 0 rg BT 253.63 384.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 286.04 384.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 314.57 384.25 Td (used ) Tj ET Q q 0 0 0 rg BT 334.22 384.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.32 384.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 384.63 384.25 Td (list ) Tj ET Q q 0 0 0 rg BT 398.18 384.25 Td (price ) Tj ET Q q 0 0 0 rg BT 419.48 384.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.92 384.25 Td ( ) Tj ET Q q 0 0 0 rg BT 435.24 384.25 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.22 384.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 507.32 384.25 Td (as ) Tj ET Q q 0 0 0 rg BT 516.97 384.25 Td (appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.52 372.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 89.30 372.25 Td (current ) Tj ET Q q 0 0 0 rg BT 120.86 372.25 Td (market ) Tj ET Q q 0 0 0 rg BT 151.87 372.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 196.79 372.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.47 372.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 246.04 372.25 Td (behavior) Tj ET Q q 0 0 0 rg BT 280.47 372.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.97 372.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.22 372.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.02 372.25 Td (process ) Tj ET Q q 0 0 0 rg BT 338.25 372.25 Td (for ) Tj ET Q q 0 0 0 rg BT 353.16 372.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 404.18 372.25 Td (list ) Tj ET Q q 0 0 0 rg BT 419.65 372.25 Td (price ) Tj ET Q q 0 0 0 rg BT 442.88 372.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 479.46 372.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 519.92 372.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.39 372.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 554.74 372.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.04 360.25 Td (a ) Tj ET Q q 0 0 0 rg BT 88.47 360.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 128.78 360.25 Td (product ) Tj ET Q q 0 0 0 rg BT 161.32 360.25 Td (or ) Tj ET Q q 0 0 0 rg BT 171.64 360.25 Td (service, ) Tj ET Q q 0 0 0 rg BT 204.45 360.25 Td (surveying ) Tj ET Q q 0 0 0 rg BT 245.88 360.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 288.42 360.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.19 360.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 340.17 360.25 Td (market ) Tj ET Q q 0 0 0 rg BT 369.93 360.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 424.40 360.25 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 465.27 360.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 503.92 360.25 Td (demographics, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.55 348.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 94.15 348.25 Td (into ) Tj ET Q q 0 0 0 rg BT 112.32 348.25 Td (account ) Tj ET Q q 0 0 0 rg BT 146.02 348.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 176.40 348.25 Td (products ) Tj ET Q q 0 0 0 rg BT 213.45 348.25 Td (and ) Tj ET Q q 0 0 0 rg BT 230.50 348.25 Td (services ) Tj ET Q q 0 0 0 rg BT 265.31 348.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 312.91 348.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 332.19 348.25 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.19 348.25 Td ( ) Tj ET Q q 0 0 0 rg BT 344.80 348.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 358.61 348.25 Td (W) Tj ET Q q 0 0 0 rg BT 367.25 348.25 Td (e ) Tj ET Q q 0 0 0 rg BT 374.30 348.25 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.34 348.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.73 348.25 Td (review ) Tj ET Q q 0 0 0 rg BT 451.54 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.37 348.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 496.18 348.25 Td (used ) Tj ET Q q 0 0 0 rg BT 517.12 348.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.51 348.25 Td (establish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.25 Td (list ) Tj ET Q q 0 0 0 rg BT 64.23 336.25 Td (price ) Tj ET Q q 0 0 0 rg BT 86.71 336.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.15 336.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.65 336.25 Td (adjust ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.04 336.25 Td (BESP) Tj ET Q q 0 0 0 rg BT 153.57 336.25 Td ( ) Tj ET Q q 0 0 0 rg BT 156.07 336.25 Td (as ) Tj ET Q q 0 0 0 rg BT 166.90 336.25 Td (necessary) Tj ET Q q 0 0 0 rg BT 205.12 336.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.62 336.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.11 310.25 Td (T) Tj ET Q q 0 0 0 rg BT 88.30 310.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 293.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 293.25 Td (e ) Tj ET Q q 0 0 0 rg BT 86.96 293.25 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.44 293.25 Td (for ) Tj ET Q q 0 0 0 rg BT 132.48 293.25 Td (income ) Tj ET Q q 0 0 0 rg BT 163.30 293.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 185.23 293.25 Td (under ) Tj ET Q q 0 0 0 rg BT 209.38 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.98 293.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 243.80 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.62 293.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 292.11 293.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 325.99 293.25 Td (which ) Tj ET Q q 0 0 0 rg BT 351.81 293.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 385.40 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.00 293.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 445.93 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.64 293.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 477.57 293.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 510.05 293.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.76 293.25 Td (refundable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.70 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.46 281.25 Td (current ) Tj ET Q q 0 0 0 rg BT 109.31 281.25 Td (year) Tj ET Q q 0 0 0 rg BT 126.12 281.25 Td (, ) Tj ET Q q 0 0 0 rg BT 131.16 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.14 281.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 183.99 281.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 198.74 281.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 238.50 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.48 281.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 281.35 281.25 Td (for ) Tj ET Q q 0 0 0 rg BT 295.55 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.31 281.25 Td (future ) Tj ET Q q 0 0 0 rg BT 336.73 281.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 351.48 281.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 409.00 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.87 281.25 Td (events ) Tj ET Q q 0 0 0 rg BT 447.96 281.25 Td (that ) Tj ET Q q 0 0 0 rg BT 465.49 281.25 Td (have ) Tj ET Q q 0 0 0 rg BT 486.91 281.25 Td (been ) Tj ET Q q 0 0 0 rg BT 508.33 281.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 554.73 281.25 Td (in) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.48 269.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 103.11 269.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 147.97 269.25 Td (or ) Tj ET Q q 0 0 0 rg BT 158.94 269.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.81 269.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 206.53 269.25 Td (The ) Tj ET Q q 0 0 0 rg BT 224.73 269.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 280.69 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.67 269.25 Td (current ) Tj ET Q q 0 0 0 rg BT 322.63 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.72 269.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 375.67 269.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.53 269.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 430.40 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.48 269.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.46 269.25 Td (is ) Tj ET Q q 0 0 0 rg BT 482.78 269.25 Td (based ) Tj ET Q q 0 0 0 rg BT 508.20 269.25 Td (on ) Tj ET Q q 0 0 0 rg BT 520.85 269.25 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.37 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.12 257.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 108.19 257.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.95 257.25 Td (law; ) Tj ET Q q 0 0 0 rg BT 142.70 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.46 257.25 Td (ef) Tj ET Q q 0 0 0 rg BT 165.05 257.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 186.46 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.33 257.25 Td (future ) Tj ET Q q 0 0 0 rg BT 223.74 257.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 258.49 257.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.81 257.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.56 257.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 304.43 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.30 257.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 336.71 257.25 Td (are ) Tj ET Q q 0 0 0 rg BT 351.46 257.25 Td (not ) Tj ET Q q 0 0 0 rg BT 366.77 257.25 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 415.50 257.25 Td (V) Tj ET Q q 0 0 0 rg BT 421.61 257.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 456.36 257.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 503.32 257.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.07 257.25 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (when ) Tj ET Q q 0 0 0 rg BT 73.66 245.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 115.03 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.31 245.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 154.45 245.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 190.26 245.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.97 245.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 230.80 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.08 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.80 245.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 288.29 245.25 Td (that) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.29 245.25 Td ( ) Tj ET Q q 0 0 0 rg BT 305.79 245.25 Td (we ) Tj ET Q q 0 0 0 rg BT 319.95 245.25 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.32 245.25 Td (is ) Tj ET Q q 0 0 0 rg BT 360.49 245.25 Td (more ) Tj ET Q q 0 0 0 rg BT 383.54 245.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 408.81 245.25 Td (than ) Tj ET Q q 0 0 0 rg BT 428.53 245.25 Td (not ) Tj ET Q q 0 0 0 rg BT 443.81 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.08 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 466.02 245.25 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.16 245.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 228.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 228.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.06 228.25 Td (operate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.96 228.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.22 228.25 Td (various ) Tj ET Q q 0 0 0 rg BT 166.14 228.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 181.84 228.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 234.77 228.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.20 228.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.69 228.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.37 228.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 300.18 228.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.44 228.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 334.92 228.25 Td (by ) Tj ET Q q 0 0 0 rg BT 348.40 228.25 Td (various ) Tj ET Q q 0 0 0 rg BT 381.32 228.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 397.02 228.25 Td (authorities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.73 228.25 Td ( ) Tj ET Q q 0 0 0 rg BT 444.96 228.25 Td (W) Tj ET Q q 0 0 0 rg BT 453.60 228.25 Td (e ) Tj ET Q q 0 0 0 rg BT 461.52 228.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 495.54 228.25 Td (for ) Tj ET Q q 0 0 0 rg BT 510.69 228.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 526.38 228.25 Td (positions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.25 Td (whenever ) Tj ET Q q 0 0 0 rg BT 90.65 216.25 Td (it ) Tj ET Q q 0 0 0 rg BT 98.49 216.25 Td (is ) Tj ET Q q 0 0 0 rg BT 107.44 216.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 140.82 216.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 165.87 216.25 Td (that ) Tj ET Q q 0 0 0 rg BT 183.15 216.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.87 216.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.37 216.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 226.09 216.25 Td (has ) Tj ET Q q 0 0 0 rg BT 241.71 216.25 Td (been ) Tj ET Q q 0 0 0 rg BT 262.87 216.25 Td (impaired ) Tj ET Q q 0 0 0 rg BT 300.69 216.25 Td (or ) Tj ET Q q 0 0 0 rg BT 311.30 216.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.03 216.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 332.52 216.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 365.92 216.25 Td (has ) Tj ET Q q 0 0 0 rg BT 381.53 216.25 Td (been ) Tj ET Q q 0 0 0 rg BT 402.69 216.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 438.29 216.25 Td (for ) Tj ET Q q 0 0 0 rg BT 452.23 216.25 Td (events ) Tj ET Q q 0 0 0 rg BT 480.06 216.25 Td (such ) Tj ET Q q 0 0 0 rg BT 500.67 216.25 Td (as ) Tj ET Q q 0 0 0 rg BT 511.28 216.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.78 216.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 554.17 216.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.71 204.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.49 204.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 110.71 204.25 Td (laws. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.88 204.25 Td (A) Tj ET Q q 0 0 0 rg BT 140.55 204.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.55 204.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 158.77 204.25 Td (position ) Tj ET Q q 0 0 0 rg BT 194.00 204.25 Td (is ) Tj ET Q q 0 0 0 rg BT 203.68 204.25 Td (only ) Tj ET Q q 0 0 0 rg BT 224.46 204.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 271.32 204.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.10 204.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.32 204.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.31 204.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 380.52 204.25 Td (if ) Tj ET Q q 0 0 0 rg BT 389.63 204.25 Td (it ) Tj ET Q q 0 0 0 rg BT 398.19 204.25 Td (is ) Tj ET Q q 0 0 0 rg BT 407.87 204.25 Td (more ) Tj ET Q q 0 0 0 rg BT 435.85 204.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 461.63 204.25 Td (than ) Tj ET Q q 0 0 0 rg BT 481.85 204.25 Td (not ) Tj ET Q q 0 0 0 rg BT 502.07 204.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.85 204.25 Td (be ) Tj ET Q q 0 0 0 rg BT 525.29 204.25 Td (sustained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.25 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 192.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 101.16 192.25 Td (on ) Tj ET Q q 0 0 0 rg BT 113.66 192.25 Td (its ) Tj ET Q q 0 0 0 rg BT 125.60 192.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 164.19 192.25 Td (merits ) Tj ET Q q 0 0 0 rg BT 191.69 192.25 Td (as ) Tj ET Q q 0 0 0 rg BT 202.52 192.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.35 192.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.06 192.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 267.22 192.25 Td (date.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 175.25 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 175.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.46 175.25 Td (consider ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.22 175.25 Td (many ) Tj ET Q q 0 0 0 rg BT 150.32 175.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 180.41 175.25 Td (when ) Tj ET Q q 0 0 0 rg BT 204.95 175.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 249.49 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.81 175.25 Td (estimating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.47 175.25 Td ( ) Tj ET Q q 0 0 0 rg BT 311.35 175.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.57 175.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.67 175.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 381.67 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.99 175.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.09 175.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 451.13 175.25 Td (which ) Tj ET Q q 0 0 0 rg BT 478.45 175.25 Td (may ) Tj ET Q q 0 0 0 rg BT 498.55 175.25 Td (require ) Tj ET Q q 0 0 0 rg BT 529.75 175.25 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.25 Td (adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.27 163.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.83 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.83 163.25 Td (which ) Tj ET Q q 0 0 0 rg BT 143.82 163.25 Td (may ) Tj ET Q q 0 0 0 rg BT 163.60 163.25 Td (not ) Tj ET Q q 0 0 0 rg BT 178.93 163.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 222.57 163.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 264.00 163.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 290.42 163.25 Td (outcomes. ) Tj ET Q q 0 0 0 rg BT 333.81 163.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 351.92 163.25 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 398.64 163.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 450.65 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.64 163.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 507.41 163.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 539.95 163.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 163.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.25 Td (current ) Tj ET Q q 0 0 0 rg BT 80.40 151.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 120.75 151.25 Td (for ) Tj ET Q q 0 0 0 rg BT 134.99 151.25 Td (income ) Tj ET Q q 0 0 0 rg BT 167.01 151.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 181.80 151.25 Td (take ) Tj ET Q q 0 0 0 rg BT 201.04 151.25 Td (into ) Tj ET Q q 0 0 0 rg BT 219.17 151.25 Td (account ) Tj ET Q q 0 0 0 rg BT 252.85 151.25 Td (current ) Tj ET Q q 0 0 0 rg BT 283.74 151.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.54 151.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 321.95 151.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.86 151.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 394.30 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.21 151.25 Td (current ) Tj ET Q q 0 0 0 rg BT 436.11 151.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 450.91 151.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 471.81 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.83 151.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 524.19 151.25 Td (outcomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.51 139.25 Td (current ) Tj ET Q q 0 0 0 rg BT 91.50 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.62 139.25 Td (future ) Tj ET Q q 0 0 0 rg BT 135.17 139.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 161.73 139.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 205.50 139.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.18 139.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 256.96 139.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.86 139.25 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 319.25 139.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 356.36 139.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.82 139.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.71 139.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 402.72 139.25 Td (or ) Tj ET Q q 0 0 0 rg BT 413.73 139.25 Td (our ) Tj ET Q q 0 0 0 rg BT 429.73 139.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 486.28 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.29 139.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 512.18 139.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 533.19 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 139.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 92.14 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.11 127.25 Td (current ) Tj ET Q q 0 0 0 rg BT 134.07 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.16 127.25 Td (future ) Tj ET Q q 0 0 0 rg BT 177.68 127.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 192.54 127.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 219.07 127.25 Td (could ) Tj ET Q q 0 0 0 rg BT 243.93 127.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 296.56 127.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 326.42 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.28 127.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 377.81 127.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 416.00 127.25 Td (for ) Tj ET Q q 0 0 0 rg BT 430.31 127.25 Td (income ) Tj ET Q q 0 0 0 rg BT 462.38 127.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 485.57 127.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.00 127.25 Td (our ) Tj ET Q q 0 0 0 rg BT 511.97 127.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.42 115.25 Td (sheets ) Tj ET Q q 0 0 0 rg BT 109.24 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.06 115.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 178.99 115.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 223.58 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.30 115.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 297.22 115.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 331.36 115.25 Td (W) Tj ET Q q 0 0 0 rg BT 340.00 115.25 Td (e ) Tj ET Q q 0 0 0 rg BT 346.82 115.25 Td (must ) Tj ET Q q 0 0 0 rg BT 368.65 115.25 Td (also ) Tj ET Q q 0 0 0 rg BT 387.15 115.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 413.97 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.58 115.25 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 471.51 115.25 Td (that ) Tj ET Q q 0 0 0 rg BT 488.89 115.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 524.58 115.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 539.18 115.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.25 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 103.25 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 103.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 113.64 103.25 Td (from ) Tj ET Q q 0 0 0 rg BT 135.57 103.25 Td (future ) Tj ET Q q 0 0 0 rg BT 161.95 103.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 193.32 103.25 Td (income ) Tj ET Q q 0 0 0 rg BT 225.26 103.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 244.70 103.25 Td (based ) Tj ET Q q 0 0 0 rg BT 269.96 103.25 Td (on ) Tj ET Q q 0 0 0 rg BT 282.46 103.25 Td (this ) Tj ET Q q 0 0 0 rg BT 299.41 103.25 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 348.85 103.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 386.35 103.25 Td (a ) Tj ET Q q 0 0 0 rg BT 393.28 103.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 433.00 103.25 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 478.53 103.25 Td (if ) Tj ET Q q 0 0 0 rg BT 487.14 103.25 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 86.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.47 86.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 148.43 86.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.76 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.18 86.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.93 86.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 214.56 86.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 257.51 86.25 Td (is ) Tj ET Q q 0 0 0 rg BT 266.60 86.25 Td (based ) Tj ET Q q 0 0 0 rg BT 291.79 86.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 314.21 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 321.06 86.25 Td (number ) Tj ET Q q 0 0 0 rg BT 354.03 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.78 86.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 419.15 86.25 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 465.73 86.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.59 86.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 524.72 86.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.25 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 94.63 74.25 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 135.05 74.25 Td (future ) Tj ET Q q 0 0 0 rg BT 162.97 74.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 195.89 74.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 231.86 74.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.35 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.61 74.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 300.63 74.25 Td (proportions ) Tj ET Q q 0 0 0 rg BT 350.78 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.16 74.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 398.85 74.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.33 74.25 Td (income ) Tj ET Q q 0 0 0 rg BT 450.81 74.25 Td (before ) Tj ET Q q 0 0 0 rg BT 480.39 74.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 504.98 74.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.80 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.06 74.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 101.20 62.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.24 62.25 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.68 62.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.94 62.25 Td (we ) Tj ET Q q 0 0 0 rg BT 151.85 62.25 Td (operate. ) Tj ET Q q 0 0 0 rg BT 185.87 62.25 Td (T) Tj ET Q q 0 0 0 rg BT 191.28 62.25 Td (o ) Tj ET Q q 0 0 0 rg BT 198.54 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.02 62.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 239.71 62.25 Td (we ) Tj ET Q q 0 0 0 rg BT 253.63 62.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 290.88 62.25 Td (a ) Tj ET Q q 0 0 0 rg BT 297.58 62.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 337.05 62.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 379.84 62.25 Td (or ) Tj ET Q q 0 0 0 rg BT 390.43 62.25 Td (change ) Tj ET Q q 0 0 0 rg BT 421.00 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.47 62.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 474.94 62.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 517.74 62.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.77 62.25 Td (a ) Tj ET Q q 0 0 0 rg BT 534.47 62.25 Td (period, ) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 62.56 740.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 89.49 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.10 740.10 Td (change ) Tj ET Q q 0 0 0 rg BT 132.81 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 151.99 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.82 740.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 216.42 740.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 250.57 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 260.30 740.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 296.11 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.29 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.01 740.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 333.63 740.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 372.80 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.98 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.70 740.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.64 740.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 492.25 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.98 740.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (income.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 101.44 702.10 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 685.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 685.10 Td (e ) Tj ET Q q 0 0 0 rg BT 100.93 685.10 Td (recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.14 685.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 200.04 685.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 234.60 685.10 Td (related ) Tj ET Q q 0 0 0 rg BT 264.15 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.28 685.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 317.18 685.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 342.31 685.10 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.98 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.33 685.10 Td (\(RSUs\), ) Tj ET Q q 0 0 0 rg BT 410.07 685.10 Td (Performance-V) Tj ET Q q 0 0 0 rg BT 470.59 685.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 496.83 685.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 539.73 685.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 73.15 673.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.57 673.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 142.19 673.10 Td (A) Tj ET Q q 0 0 0 rg BT 148.50 673.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.38 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.36 673.10 Td (\(Performance ) Tj ET Q q 0 0 0 rg BT 234.75 673.10 Td (A) Tj ET Q q 0 0 0 rg BT 241.06 673.10 Td (wards\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.18 673.10 Td (based ) Tj ET Q q 0 0 0 rg BT 301.93 673.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.91 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.11 673.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 343.96 673.10 Td (market ) Tj ET Q q 0 0 0 rg BT 373.71 673.10 Td (value ) Tj ET Q q 0 0 0 rg BT 397.34 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.65 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.84 673.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 467.15 673.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 494.12 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.43 673.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 673.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.42 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.34 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.15 661.10 Td (date ) Tj ET Q q 0 0 0 rg BT 105.39 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.31 661.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 141.95 661.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 178.41 661.10 Td (related ) Tj ET Q q 0 0 0 rg BT 208.20 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.57 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.38 661.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 259.31 661.10 Td (is ) Tj ET Q q 0 0 0 rg BT 268.57 661.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 315.02 661.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.61 661.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.64 661.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 385.55 661.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 408.14 661.10 Td (over ) Tj ET Q q 0 0 0 rg BT 428.50 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.30 661.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 480.33 661.10 Td (service ) Tj ET Q q 0 0 0 rg BT 511.23 661.10 Td (period ) Tj ET Q q 0 0 0 rg BT 539.37 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 661.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 78.98 649.10 Td (which ) Tj ET Q q 0 0 0 rg BT 105.96 649.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 145.71 649.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 173.81 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.57 649.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 220.01 649.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 250.60 649.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 287.03 649.10 Td (related ) Tj ET Q q 0 0 0 rg BT 316.78 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.10 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.87 649.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 394.94 649.10 Td (A) Tj ET Q q 0 0 0 rg BT 401.24 649.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 427.67 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.66 649.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 529.94 649.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 555.84 649.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.04 637.10 Td (under ) Tj ET Q q 0 0 0 rg BT 121.48 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.37 637.10 Td (graded ) Tj ET Q q 0 0 0 rg BT 166.25 637.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 197.81 637.10 Td (method ) Tj ET Q q 0 0 0 rg BT 230.48 637.10 Td (over ) Tj ET Q q 0 0 0 rg BT 250.92 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.81 637.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 302.92 637.10 Td (service ) Tj ET Q q 0 0 0 rg BT 333.90 637.10 Td (period ) Tj ET Q q 0 0 0 rg BT 362.12 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.13 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.02 637.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 417.62 637.10 Td (which ) Tj ET Q q 0 0 0 rg BT 444.73 637.10 Td (results ) Tj ET Q q 0 0 0 rg BT 473.51 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.97 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.86 637.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 547.07 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 558.07 637.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.10 Td (lar) Tj ET Q q 0 0 0 rg BT 59.87 625.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 75.70 625.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 107.65 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.04 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.32 625.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 169.60 625.10 Td (during ) Tj ET Q q 0 0 0 rg BT 198.77 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.05 625.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 257.11 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.50 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.78 625.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 315.73 625.10 Td (period ) Tj ET Q q 0 0 0 rg BT 344.34 625.10 Td (than ) Tj ET Q q 0 0 0 rg BT 364.62 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.47 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.75 625.10 Td (end ) Tj ET Q q 0 0 0 rg BT 408.25 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.64 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.92 625.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 466.88 625.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.92 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.77 625.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.40 625.10 Td (e ) Tj ET Q q 0 0 0 rg BT 513.91 625.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 550.28 625.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 96.74 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.42 613.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 162.30 613.10 Td (attainment ) Tj ET Q q 0 0 0 rg BT 207.86 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.65 613.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.33 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.90 613.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 316.24 613.10 Td (number ) Tj ET Q q 0 0 0 rg BT 350.14 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.82 613.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 390.17 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.85 613.10 Td (common ) Tj ET Q q 0 0 0 rg BT 440.20 613.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 464.67 613.10 Td (that ) Tj ET Q q 0 0 0 rg BT 483.02 613.10 Td (will ) Tj ET Q q 0 0 0 rg BT 501.93 613.10 Td (be ) Tj ET Q q 0 0 0 rg BT 514.72 613.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 548.06 613.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (records ) Tj ET Q q 0 0 0 rg BT 81.43 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.15 601.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 130.85 601.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 177.41 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 182.41 601.10 Td (if ) Tj ET Q q 0 0 0 rg BT 191.01 601.10 Td (probable.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 584.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 584.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.22 584.10 Td (recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.73 584.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 188.92 584.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 223.77 584.10 Td (related ) Tj ET Q q 0 0 0 rg BT 253.62 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.04 584.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 287.79 584.10 Td (option ) Tj ET Q q 0 0 0 rg BT 316.00 584.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 343.08 584.10 Td (that ) Tj ET Q q 0 0 0 rg BT 360.72 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 375.57 584.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 418.77 584.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 456.94 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.37 584.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 486.12 584.10 Td (based ) Tj ET Q q 0 0 0 rg BT 511.54 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 524.18 584.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.69 572.10 Td (values ) Tj ET Q q 0 0 0 rg BT 93.55 572.10 Td (on ) Tj ET Q q 0 0 0 rg BT 105.87 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.40 572.10 Td (date ) Tj ET Q q 0 0 0 rg BT 139.37 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.01 572.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 172.87 572.10 Td (using ) Tj ET Q q 0 0 0 rg BT 196.86 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.39 572.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 271.47 572.10 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 330.99 572.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 360.80 572.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 383.12 572.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 417.64 572.10 Td (is ) Tj ET Q q 0 0 0 rg BT 426.62 572.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 472.80 572.10 Td (on ) Tj ET Q q 0 0 0 rg BT 485.12 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.87 572.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 542.50 572.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.49 560.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 121.42 560.10 Td (service ) Tj ET Q q 0 0 0 rg BT 152.23 560.10 Td (period ) Tj ET Q q 0 0 0 rg BT 180.28 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.11 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.83 560.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 235.26 560.10 Td (which ) Tj ET Q q 0 0 0 rg BT 262.20 560.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 301.90 560.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 329.94 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.66 560.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 376.05 560.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 543.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.76 543.10 Td (date ) Tj ET Q q 0 0 0 rg BT 111.13 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.18 543.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 145.44 543.10 Td (is ) Tj ET Q q 0 0 0 rg BT 154.82 543.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.75 543.10 Td (date ) Tj ET Q q 0 0 0 rg BT 189.13 543.10 Td (at ) Tj ET Q q 0 0 0 rg BT 199.06 543.10 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 543.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.21 543.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.58 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.74 543.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.67 543.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 314.26 543.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 338.62 543.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.77 543.10 Td (mutual ) Tj ET Q q 0 0 0 rg BT 376.26 543.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 435.63 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.67 543.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.61 543.10 Td (key ) Tj ET Q q 0 0 0 rg BT 478.76 543.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 503.69 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.84 543.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.26 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.91 531.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 107.26 531.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 156.22 531.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 198.53 531.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.17 531.10 Td (received ) Tj ET Q q 0 0 0 rg BT 251.46 531.10 Td (by ) Tj ET Q q 0 0 0 rg BT 264.89 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.53 531.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 308.96 531.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 349.04 531.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 394.67 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.43 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.08 531.10 Td (board ) Tj ET Q q 0 0 0 rg BT 448.28 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.04 531.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 498.45 531.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.89 531.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.32 531.10 Td (we ) Tj ET Q q 0 0 0 rg BT 531.41 531.10 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.10 Td (contingently ) Tj ET Q q 0 0 0 rg BT 101.99 519.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 141.70 519.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.98 519.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 174.48 519.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 201.98 519.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 251.14 519.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.42 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.14 519.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 317.51 519.10 Td (who ) Tj ET Q q 0 0 0 rg BT 337.23 519.10 Td (renders ) Tj ET Q q 0 0 0 rg BT 369.16 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.88 519.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 420.81 519.10 Td (service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.12 519.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 502.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.67 502.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.97 502.10 Td (required ) Tj ET Q q 0 0 0 rg BT 141.38 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.25 502.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 188.66 502.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 226.74 502.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 271.48 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.90 502.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 307.10 502.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 334.63 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.16 502.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 379.14 502.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 417.21 502.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 475.84 502.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 495.05 502.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 541.60 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.97 502.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.51 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.53 490.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 140.86 490.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.22 490.10 Td (based ) Tj ET Q q 0 0 0 rg BT 175.67 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 188.36 490.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 228.26 490.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 274.25 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.38 490.10 Td (is ) Tj ET Q q 0 0 0 rg BT 300.74 490.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 336.75 490.10 Td (over ) Tj ET Q q 0 0 0 rg BT 357.21 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.11 490.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 409.23 490.10 Td (service ) Tj ET Q q 0 0 0 rg BT 440.23 490.10 Td (period ) Tj ET Q q 0 0 0 rg BT 468.47 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.94 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.84 490.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 520.96 490.10 Td (that ) Tj ET Q q 0 0 0 rg BT 538.65 490.10 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 94.17 478.10 Td (dif) Tj ET Q q 0 0 0 rg BT 105.10 478.10 Td (fer) Tj ET Q q 0 0 0 rg BT 115.79 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 121.32 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.67 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.90 478.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 186.45 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.25 478.10 Td (dif) Tj ET Q q 0 0 0 rg BT 208.18 478.10 Td (fer) Tj ET Q q 0 0 0 rg BT 218.88 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 224.40 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 246.86 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.10 478.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 284.56 478.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 327.30 478.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 364.76 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.56 478.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 416.90 478.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 461.57 478.10 Td (will ) Tj ET Q q 0 0 0 rg BT 480.15 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.61 478.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 539.50 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 478.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (period ) Tj ET Q q 0 0 0 rg BT 76.98 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.25 466.10 Td (change ) Tj ET Q q 0 0 0 rg BT 117.50 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.88 466.10 Td (will ) Tj ET Q q 0 0 0 rg BT 151.37 466.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 180.52 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.67 466.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 226.60 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.87 466.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 286.01 466.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 343.49 466.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 377.63 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.34 466.10 Td (be ) Tj ET Q q 0 0 0 rg BT 398.72 466.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 444.52 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.23 466.10 Td (future ) Tj ET Q q 0 0 0 rg BT 480.04 466.10 Td (periods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.48 466.10 Td (, ) Tj ET Q q 0 0 0 rg BT 513.92 466.10 Td (which ) Tj ET Q q 0 0 0 rg BT 540.29 466.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 454.10 Td (material ) Tj ET Q q 0 0 0 rg BT 96.70 454.10 Td (if ) Tj ET Q q 0 0 0 rg BT 105.31 454.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 131.68 454.10 Td (results ) Tj ET Q q 0 0 0 rg BT 160.29 454.10 Td (dif) Tj ET Q q 0 0 0 rg BT 171.21 454.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 184.81 454.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 237.30 454.10 Td (from ) Tj ET Q q 0 0 0 rg BT 259.24 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.07 454.10 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 437.10 Td (Please ) Tj ET Q q 0 0 0 rg BT 101.05 437.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 122.91 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.69 437.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 156.13 437.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 169.13 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.91 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.12 437.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 221.45 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.23 437.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 288.00 437.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 328.21 437.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 375.10 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 389.76 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.97 437.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 457.42 437.10 Td (used ) Tj ET Q q 0 0 0 rg BT 478.75 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.53 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.74 437.10 Td (Black-Scholes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 109.21 425.10 Td (model ) Tj ET Q q 0 0 0 rg BT 136.71 425.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 169.75 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.03 425.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 203.64 425.10 Td (options ) Tj ET Q q 0 0 0 rg BT 235.58 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.86 425.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.58 425.10 Td (years ) Tj ET Q q 0 0 0 rg BT 284.18 425.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 310.55 425.10 Td (December ) Tj ET Q q 0 0 0 rg BT 354.14 425.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 369.14 425.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 394.14 425.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 419.14 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.08 425.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.08 425.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 399.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 89.23 399.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.29 399.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 152.21 399.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 382.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 113.44 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.03 382.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 174.18 382.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 200.67 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 216.04 382.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 242.52 382.10 Td (at ) Tj ET Q q 0 0 0 rg BT 252.89 382.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 272.16 382.10 Td (less ) Tj ET Q q 0 0 0 rg BT 290.32 382.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 344.00 382.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 400.20 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.69 382.10 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 462.88 382.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 506.58 382.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 533.07 382.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 92.58 370.10 Td (technology) Tj ET Q q 0 0 0 rg BT 136.36 370.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.85 370.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 162.82 370.10 Td (names, ) Tj ET Q q 0 0 0 rg BT 192.86 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.28 370.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 247.92 370.10 Td (lists ) Tj ET Q q 0 0 0 rg BT 266.03 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.45 370.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 323.03 370.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 365.56 370.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 390.88 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 410.64 370.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 433.73 370.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 454.60 370.10 Td (are ) Tj ET Q q 0 0 0 rg BT 468.80 370.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 510.76 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.75 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.17 370.10 Td (straight-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (line ) Tj ET Q q 0 0 0 rg BT 67.15 358.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 89.80 358.10 Td (over ) Tj ET Q q 0 0 0 rg BT 110.21 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.08 358.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 166.05 358.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 198.14 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.12 358.10 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 242.04 358.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 281.89 358.10 Td (two ) Tj ET Q q 0 0 0 rg BT 299.54 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.97 358.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 329.83 358.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 356.08 358.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 396.51 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.60 358.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 456.24 358.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 482.22 358.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.65 358.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 543.62 358.10 Td (lives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.70 346.10 Td (not ) Tj ET Q q 0 0 0 rg BT 80.47 346.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 125.94 346.10 Td (but ) Tj ET Q q 0 0 0 rg BT 141.71 346.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 168.03 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.68 346.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 231.77 346.10 Td (at ) Tj ET Q q 0 0 0 rg BT 241.98 346.10 Td (least ) Tj ET Q q 0 0 0 rg BT 263.30 346.10 Td (annually) Tj ET Q q 0 0 0 rg BT 297.08 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.58 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.90 346.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 355.76 346.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 390.96 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.73 346.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 461.36 346.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 496.00 346.10 Td (that ) Tj ET Q q 0 0 0 rg BT 513.99 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 346.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.16 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.15 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.02 334.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 146.24 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.23 334.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 221.54 334.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 264.19 334.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 290.18 334.10 Td (may ) Tj ET Q q 0 0 0 rg BT 310.05 334.10 Td (not ) Tj ET Q q 0 0 0 rg BT 325.49 334.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.59 334.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 389.38 334.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 432.58 334.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 458.57 334.10 Td (with ) Tj ET Q q 0 0 0 rg BT 479.01 334.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 502.78 334.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 524.32 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.19 334.10 Td (tested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.47 322.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 111.88 322.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 153.06 322.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 187.58 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.67 322.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 256.62 322.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 290.58 322.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.89 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.41 322.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 358.04 322.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 390.35 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.99 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.52 322.10 Td (finite-lived ) Tj ET Q q 0 0 0 rg BT 462.25 322.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 504.56 322.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 530.20 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 549.73 322.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.92 310.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 114.02 310.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 154.78 310.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 203.86 310.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 224.61 310.10 Td (are ) Tj ET Q q 0 0 0 rg BT 239.80 310.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 284.42 310.10 Td (at ) Tj ET Q q 0 0 0 rg BT 294.61 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.81 310.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 349.44 310.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 367.98 310.10 Td (level, ) Tj ET Q q 0 0 0 rg BT 392.89 310.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.30 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.95 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.14 310.10 Td (company ) Tj ET Q q 0 0 0 rg BT 484.78 310.10 Td (as ) Tj ET Q q 0 0 0 rg BT 496.08 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.50 310.10 Td (whole, ) Tj ET Q q 0 0 0 rg BT 533.42 310.10 Td (using ) Tj ET Q q 0 0 0 rg BT 558.06 310.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (two-step, ) Tj ET Q q 0 0 0 rg BT 88.94 298.10 Td (fair) Tj ET Q q 0 0 0 rg BT 102.62 298.10 Td (-value ) Tj ET Q q 0 0 0 rg BT 130.10 298.10 Td (approach.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 281.10 Td (An ) Tj ET Q q 0 0 0 rg BT 86.77 281.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 134.91 281.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 152.51 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.56 281.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 187.70 281.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 209.74 281.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 251.77 281.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 277.15 281.10 Td (would ) Tj ET Q q 0 0 0 rg BT 304.19 281.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.67 281.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 361.58 281.10 Td (when ) Tj ET Q q 0 0 0 rg BT 385.28 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.54 281.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 418.26 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.63 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.89 281.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 498.26 281.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 538.62 281.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.12 269.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 93.18 269.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 130.56 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.19 269.10 Td (result ) Tj ET Q q 0 0 0 rg BT 164.25 269.10 Td (from ) Tj ET Q q 0 0 0 rg BT 185.54 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.60 269.10 Td (use ) Tj ET Q q 0 0 0 rg BT 214.78 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.96 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.02 269.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 260.31 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.59 269.10 Td (its ) Tj ET Q q 0 0 0 rg BT 287.89 269.10 Td (eventual ) Tj ET Q q 0 0 0 rg BT 323.61 269.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 369.35 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 377.87 269.10 Td (less ) Tj ET Q q 0 0 0 rg BT 394.72 269.10 Td (than ) Tj ET Q q 0 0 0 rg BT 413.78 269.10 Td (its ) Tj ET Q q 0 0 0 rg BT 425.07 269.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 460.24 269.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 494.58 269.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 516.43 269.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 67.59 257.10 Td (would ) Tj ET Q q 0 0 0 rg BT 95.12 257.10 Td (be ) Tj ET Q q 0 0 0 rg BT 107.08 257.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 147.92 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.78 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.52 257.10 Td (dif) Tj ET Q q 0 0 0 rg BT 184.45 257.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 216.39 257.10 Td (between ) Tj ET Q q 0 0 0 rg BT 252.23 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.98 257.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 302.82 257.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 335.34 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.20 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.94 257.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 382.91 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.87 257.10 Td (its ) Tj ET Q q 0 0 0 rg BT 411.85 257.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 428.25 257.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 454.93 257.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 477.46 257.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 498.32 257.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 550.29 257.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.05 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.84 245.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 127.84 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.06 245.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 188.93 245.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 225.86 245.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 266.41 245.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 291.70 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.92 245.10 Td (other ) Tj ET Q q 0 0 0 rg BT 332.25 245.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 367.24 245.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 399.73 245.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 443.06 245.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 465.29 245.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 514.17 245.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 534.73 245.10 Td (consist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.27 233.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 116.42 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.25 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.97 233.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 158.35 233.10 Td (value ) Tj ET Q q 0 0 0 rg BT 182.50 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.33 233.10 Td (an ) Tj ET Q q 0 0 0 rg BT 205.27 233.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 247.76 233.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 269.70 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 289.98 233.10 Td (its ) Tj ET Q q 0 0 0 rg BT 301.93 233.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 337.74 233.10 Td (amount.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 216.10 Td (There ) Tj ET Q q 0 0 0 rg BT 98.32 216.10 Td (was ) Tj ET Q q 0 0 0 rg BT 116.37 216.10 Td (no ) Tj ET Q q 0 0 0 rg BT 128.87 216.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 177.47 216.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.30 216.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 226.35 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.29 216.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 285.78 216.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.61 216.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.89 216.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 199.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.90 199.10 Td (October ) Tj ET Q q 0 0 0 rg BT 117.18 199.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 141.75 199.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.47 199.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 191.97 199.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 244.59 199.10 Td (all ) Tj ET Q q 0 0 0 rg BT 256.65 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.05 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.34 199.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 306.74 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.14 199.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 358.08 199.10 Td (Returns, ) Tj ET Q q 0 0 0 rg BT 393.76 199.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 414.72 199.10 Td (\(Mortgage ) Tj ET Q q 0 0 0 rg BT 463.43 199.10 Td (Returns\), ) Tj ET Q q 0 0 0 rg BT 506.88 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.39 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 533.79 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 540.29 199.10 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 64.30 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.99 187.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 133.34 187.10 Td (we ) Tj ET Q q 0 0 0 rg BT 151.47 187.10 Td (no ) Tj ET Q q 0 0 0 rg BT 167.94 187.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 199.96 187.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 236.42 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.11 187.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 306.02 187.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 346.91 187.10 Td (from ) Tj ET Q q 0 0 0 rg BT 371.39 187.10 Td (ARG ) Tj ET Q q 0 0 0 rg BT 398.98 187.10 Td (Interactive, ) Tj ET Q q 0 0 0 rg BT 450.70 187.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 476.06 187.10 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 500.30 187.10 Td (MortgageCEO\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (\(MortgageCEO\), ) Tj ET Q q 0 0 0 rg BT 128.72 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.46 175.10 Td (we ) Tj ET Q q 0 0 0 rg BT 159.42 175.10 Td (migrated ) Tj ET Q q 0 0 0 rg BT 197.26 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.78 175.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 245.75 175.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 288.60 175.10 Td (using ) Tj ET Q q 0 0 0 rg BT 312.57 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.09 175.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 373.83 175.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 410.55 175.10 Td (from ) Tj ET Q q 0 0 0 rg BT 432.29 175.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 493.47 175.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 540.21 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 175.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 91.17 163.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 125.07 163.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 150.10 163.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 187.33 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.90 163.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 222.58 163.10 Td (As ) Tj ET Q q 0 0 0 rg BT 236.49 163.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.72 163.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 271.23 163.10 Td (we ) Tj ET Q q 0 0 0 rg BT 285.69 163.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 323.46 163.10 Td (a ) Tj ET Q q 0 0 0 rg BT 330.69 163.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 369.58 163.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 418.47 163.10 Td (char) Tj ET Q q 0 0 0 rg BT 435.50 163.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 447.73 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.86 163.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 479.15 163.10 Td (million ) Tj ET Q q 0 0 0 rg BT 510.84 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.41 163.10 Td (developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.28 151.10 Td (, ) Tj ET Q q 0 0 0 rg BT 101.16 151.10 Td (which ) Tj ET Q q 0 0 0 rg BT 130.98 151.10 Td (was ) Tj ET Q q 0 0 0 rg BT 151.91 151.10 Td (included ) Tj ET Q q 0 0 0 rg BT 191.72 151.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.87 151.10 Td (research ) Tj ET Q q 0 0 0 rg BT 243.55 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.37 151.10 Td (development ) Tj ET Q q 0 0 0 rg BT 320.40 151.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 364.37 151.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 412.03 151.10 Td (, ) Tj ET Q q 0 0 0 rg BT 419.91 151.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.07 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.66 151.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 506.58 151.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 554.17 151.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 112.53 139.10 Td (income ) Tj ET Q q 0 0 0 rg BT 144.47 139.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.63 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.34 139.10 Td (year ) Tj ET Q q 0 0 0 rg BT 193.05 139.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 219.43 139.10 Td (December ) Tj ET Q q 0 0 0 rg BT 263.01 139.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 278.01 139.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 122.10 Td (During ) Tj ET Q q 0 0 0 rg BT 103.83 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.04 122.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 146.48 122.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 177.79 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.12 122.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 214.62 122.10 Td (we ) Tj ET Q q 0 0 0 rg BT 229.28 122.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 270.60 122.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 300.80 122.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 343.23 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.56 122.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 403.65 122.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.31 122.10 Td (both ) Tj ET Q q 0 0 0 rg BT 439.09 122.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.30 122.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 493.96 122.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 548.06 122.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 93.03 110.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 139.91 110.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 176.77 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.99 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.64 110.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 262.96 110.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 311.78 110.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 358.89 110.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.83 110.10 Td (we ) Tj ET Q q 0 0 0 rg BT 377.93 110.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 425.34 110.10 Td (we ) Tj ET Q q 0 0 0 rg BT 439.44 110.10 Td (would ) Tj ET Q q 0 0 0 rg BT 466.88 110.10 Td (need ) Tj ET Q q 0 0 0 rg BT 488.20 110.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.42 110.10 Td (make ) Tj ET Q q 0 0 0 rg BT 522.51 110.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 101.12 98.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.75 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.81 98.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 178.21 98.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 204.29 98.10 Td (product ) Tj ET Q q 0 0 0 rg BT 238.68 98.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.31 98.10 Td (order ) Tj ET Q q 0 0 0 rg BT 275.25 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.88 98.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 315.71 98.10 Td (new ) Tj ET Q q 0 0 0 rg BT 336.21 98.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 380.61 98.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 412.22 98.10 Td (were ) Tj ET Q q 0 0 0 rg BT 435.50 98.10 Td (not ) Tj ET Q q 0 0 0 rg BT 452.13 98.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 491.51 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.79 98.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 549.72 98.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 104.99 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.40 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.24 86.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 167.07 86.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.03 86.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 215.31 86.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 268.04 86.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.10 86.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 326.82 86.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 372.88 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.28 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.12 86.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 433.29 86.10 Td (price ) Tj ET Q q 0 0 0 rg BT 454.90 86.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 495.95 86.10 Td (at ) Tj ET Q q 0 0 0 rg BT 504.79 86.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.63 86.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (date\), ) Tj ET Q q 0 0 0 rg BT 74.33 74.10 Td (which ) Tj ET Q q 0 0 0 rg BT 101.11 74.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 135.11 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.23 74.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.01 74.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 196.57 74.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 220.57 74.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.69 74.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.37 74.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 274.26 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.38 74.10 Td (release ) Tj ET Q q 0 0 0 rg BT 314.48 74.10 Td (an ) Tj ET Q q 0 0 0 rg BT 326.26 74.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 368.59 74.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 416.48 74.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 441.05 74.10 Td (product ) Tj ET Q q 0 0 0 rg BT 473.94 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.07 74.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.74 74.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 544.61 74.10 Td (As ) Tj ET Q q 0 0 0 rg BT 558.07 74.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 76.67 62.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.77 62.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 126.54 62.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.43 62.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 171.97 62.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 220.52 62.10 Td (char) Tj ET Q q 0 0 0 rg BT 237.55 62.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 249.43 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.21 62.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 280.16 62.10 Td (million ) Tj ET Q q 0 0 0 rg BT 311.50 62.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.73 62.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 360.83 62.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 414.39 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.27 62.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.16 62.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 476.71 62.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 525.25 62.10 Td (char) Tj ET Q q 0 0 0 rg BT 542.28 62.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 554.17 62.10 Td (of ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 68.32 740.10 Td (million ) Tj ET Q q 0 0 0 rg BT 98.53 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.63 740.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 150.04 740.10 Td (technology) Tj ET Q q 0 0 0 rg BT 193.83 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.65 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 223.41 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 244.15 740.10 Td (included ) Tj ET Q q 0 0 0 rg BT 279.91 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.01 740.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 309.76 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.52 740.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 367.38 740.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 404.80 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.56 740.10 Td (research ) Tj ET Q q 0 0 0 rg BT 455.19 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.94 740.10 Td (development ) Tj ET Q q 0 0 0 rg BT 523.91 740.10 Td (expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.16 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.44 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.16 728.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 180.20 728.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 224.91 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.74 728.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 298.77 728.10 Td (income ) Tj ET Q q 0 0 0 rg BT 330.71 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.87 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.58 728.10 Td (year ) Tj ET Q q 0 0 0 rg BT 379.29 728.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 405.67 728.10 Td (December ) Tj ET Q q 0 0 0 rg BT 449.25 728.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 464.25 728.10 Td (2014.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 702.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 113.45 702.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.51 702.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 152.35 702.10 Td (V) Tj ET Q q 0 0 0 rg BT 157.91 702.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 178.19 702.10 Td (Measurement ) Tj ET Q q 0 0 0 rg BT 237.36 702.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.19 702.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 291.26 702.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 685.10 Td (All ) Tj ET Q q 0 0 0 rg BT 88.67 685.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.38 685.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.10 685.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 165.26 685.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.65 685.10 Td (have ) Tj ET Q q 0 0 0 rg BT 203.91 685.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 246.29 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.01 685.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 287.15 685.10 Td (than ) Tj ET Q q 0 0 0 rg BT 306.75 685.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 319.14 685.10 Td (days ) Tj ET Q q 0 0 0 rg BT 339.86 685.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.45 685.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 394.60 685.10 Td (as ) Tj ET Q q 0 0 0 rg BT 405.32 685.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 456.20 685.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 477.46 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.29 685.10 Td (are ) Tj ET Q q 0 0 0 rg BT 508.89 685.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 539.03 685.10 Td (at ) Tj ET Q q 0 0 0 rg BT 548.63 685.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.66 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.37 673.10 Td (W) Tj ET Q q 0 0 0 rg BT 84.01 673.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.30 673.10 Td (invest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.03 673.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 143.98 673.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 163.60 673.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 202.66 673.10 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.44 673.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.29 673.10 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 283.56 673.10 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 348.16 673.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 390.27 673.10 Td (such ) Tj ET Q q 0 0 0 rg BT 410.45 673.10 Td (as ) Tj ET Q q 0 0 0 rg BT 420.63 673.10 Td (money ) Tj ET Q q 0 0 0 rg BT 449.70 673.10 Td (market ) Tj ET Q q 0 0 0 rg BT 479.31 673.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 518.64 673.10 Td (certificates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.29 661.10 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 94.14 661.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 143.79 661.10 Td (paper) Tj ET Q q 0 0 0 rg BT 165.60 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 170.56 661.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 210.77 661.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 239.63 661.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 282.08 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.97 661.10 Td (government ) Tj ET Q q 0 0 0 rg BT 349.20 661.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 379.97 661.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 429.38 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.28 661.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 492.60 661.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 539.50 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 661.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 68.77 649.10 Td (government) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.53 649.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.51 649.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 138.10 649.10 Td (value ) Tj ET Q q 0 0 0 rg BT 161.24 649.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.39 649.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 215.85 649.10 Td (based ) Tj ET Q q 0 0 0 rg BT 240.10 649.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.58 649.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 280.28 649.10 Td (market ) Tj ET Q q 0 0 0 rg BT 309.53 649.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 329.89 649.10 Td (when ) Tj ET Q q 0 0 0 rg BT 353.03 649.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 397.83 649.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.64 649.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 442.45 649.10 Td (data ) Tj ET Q q 0 0 0 rg BT 460.59 649.10 Td (points ) Tj ET Q q 0 0 0 rg BT 486.52 649.10 Td (that ) Tj ET Q q 0 0 0 rg BT 503.00 649.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.69 649.10 Td (observable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.93 637.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.36 637.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 112.68 637.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 142.15 637.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 174.69 637.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 199.16 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.70 637.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 239.79 637.10 Td (curves. ) Tj ET Q q 0 0 0 rg BT 271.27 637.10 Td (The ) Tj ET Q q 0 0 0 rg BT 289.92 637.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 309.12 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.55 637.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 371.43 637.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 393.41 637.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 440.93 637.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 481.79 637.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 501.56 637.10 Td (is ) Tj ET Q q 0 0 0 rg BT 511.33 637.10 Td (based ) Tj ET Q q 0 0 0 rg BT 537.20 637.10 Td (on ) Tj ET Q q 0 0 0 rg BT 550.30 637.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 82.02 625.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 136.77 625.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 170.69 625.10 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 215.98 625.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 238.52 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.38 625.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 279.70 625.10 Td (are ) Tj ET Q q 0 0 0 rg BT 293.34 625.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 328.08 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.29 625.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 390.42 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.85 625.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 418.27 625.10 Td (as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 625.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.03 625.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 479.99 625.10 Td (other ) Tj ET Q q 0 0 0 rg BT 501.96 625.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.34 613.10 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.56 613.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.46 613.10 Td (Realized ) Tj ET Q q 0 0 0 rg BT 145.85 613.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 169.36 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.20 613.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 212.50 613.10 Td (are ) Tj ET Q q 0 0 0 rg BT 227.11 613.10 Td (included ) Tj ET Q q 0 0 0 rg BT 263.95 613.10 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.72 613.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.13 613.10 Td (other ) Tj ET Q q 0 0 0 rg BT 297.08 613.10 Td (income ) Tj ET Q q 0 0 0 rg BT 328.92 613.10 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 372.69 613.10 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.90 613.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.81 613.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 422.20 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.04 613.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 480.33 613.10 Td (are ) Tj ET Q q 0 0 0 rg BT 494.94 613.10 Td (included ) Tj ET Q q 0 0 0 rg BT 531.78 613.10 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.56 613.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.96 613.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 601.10 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 125.30 601.10 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.52 601.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.02 601.10 Td (when ) Tj ET Q q 0 0 0 rg BT 164.18 601.10 Td (they ) Tj ET Q q 0 0 0 rg BT 183.89 601.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.60 601.10 Td (earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.25 601.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 584.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.91 584.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.41 584.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.41 584.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.32 584.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.06 584.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 210.80 584.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 251.53 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.38 584.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 305.77 584.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.40 584.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 331.69 584.10 Td (value ) Tj ET Q q 0 0 0 rg BT 355.76 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 368.17 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.02 584.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 414.08 584.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 436.49 584.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.33 584.10 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 493.25 584.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.14 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.55 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.29 584.10 Td (money ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.97 572.10 Td (funds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.39 572.10 Td ($301.6 ) Tj ET Q q 0 0 0 rg BT 137.60 572.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.49 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.19 572.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 189.68 572.10 Td (government ) Tj ET Q q 0 0 0 rg BT 240.15 572.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 287.30 572.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.00 572.10 Td (are ) Tj ET Q q 0 0 0 rg BT 319.91 572.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 360.37 572.10 Td (as ) Tj ET Q q 0 0 0 rg BT 371.41 572.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 391.88 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.02 572.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 429.50 572.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 480.24 572.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.38 572.10 Td ($87.8 ) Tj ET Q q 0 0 0 rg BT 522.59 572.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.48 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.18 572.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 95.88 560.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 115.07 560.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 166.20 560.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 178.71 560.10 Td (these ) Tj ET Q q 0 0 0 rg BT 201.23 560.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 220.97 560.10 Td (government ) Tj ET Q q 0 0 0 rg BT 270.70 560.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 317.11 560.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.07 560.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.25 560.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 387.97 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 398.27 560.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 418.00 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.41 560.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.14 560.10 Td (equivalents, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.15 560.10 Td ($151.7 ) Tj ET Q q 0 0 0 rg BT 533.61 560.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.03 548.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 106.77 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 117.07 548.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 141.81 548.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 148.78 548.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.20 548.10 Td ($150.0 ) Tj ET Q q 0 0 0 rg BT 194.67 548.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.56 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.54 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.85 548.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 260.58 548.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 270.06 548.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 282.59 548.10 Td (these ) Tj ET Q q 0 0 0 rg BT 305.11 548.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 351.50 548.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 370.69 548.10 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.83 548.10 Td ($4.6 ) Tj ET Q q 0 0 0 rg BT 441.31 548.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.20 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.18 548.10 Td (was ) Tj ET Q q 0 0 0 rg BT 489.70 548.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 529.44 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 539.75 548.10 Td (Level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 56.87 536.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.68 536.10 Td ($83.2 ) Tj ET Q q 0 0 0 rg BT 98.55 536.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.45 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.82 536.10 Td (as ) Tj ET Q q 0 0 0 rg BT 140.52 536.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 165.66 536.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 175.36 536.10 Td (W) Tj ET Q q 0 0 0 rg BT 183.99 536.10 Td (e ) Tj ET Q q 0 0 0 rg BT 190.80 536.10 Td (only ) Tj ET Q q 0 0 0 rg BT 210.96 536.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 237.21 536.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.36 536.10 Td (government-backed ) Tj ET Q q 0 0 0 rg BT 329.15 536.10 Td (money ) Tj ET Q q 0 0 0 rg BT 358.73 536.10 Td (market ) Tj ET Q q 0 0 0 rg BT 388.87 536.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 415.96 536.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.77 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.35 536.10 Td (not ) Tj ET Q q 0 0 0 rg BT 472.50 536.10 Td (based ) Tj ET Q q 0 0 0 rg BT 497.64 536.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.02 536.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.83 536.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 550.30 536.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.29 524.10 Td (per ) Tj ET Q q 0 0 0 rg BT 86.40 524.10 Td (share ) Tj ET Q q 0 0 0 rg BT 109.85 524.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 136.36 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.14 524.10 Td (are ) Tj ET Q q 0 0 0 rg BT 167.70 524.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 207.81 524.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.49 524.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 243.60 524.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 253.28 524.10 Td (When ) Tj ET Q q 0 0 0 rg BT 279.51 524.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 330.17 524.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 346.40 524.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 372.90 524.10 Td (we ) Tj ET Q q 0 0 0 rg BT 386.91 524.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 423.14 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.70 524.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 475.59 524.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.27 524.10 Td (most ) Tj ET Q q 0 0 0 rg BT 508.07 524.10 Td (advantageous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (market ) Tj ET Q q 0 0 0 rg BT 80.19 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.90 512.10 Td (which ) Tj ET Q q 0 0 0 rg BT 118.27 512.10 Td (we ) Tj ET Q q 0 0 0 rg BT 132.86 512.10 Td (would ) Tj ET Q q 0 0 0 rg BT 160.78 512.10 Td (transact, ) Tj ET Q q 0 0 0 rg BT 197.31 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.67 512.10 Td (we ) Tj ET Q q 0 0 0 rg BT 229.26 512.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 266.07 512.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 318.45 512.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.37 512.10 Td (market ) Tj ET Q q 0 0 0 rg BT 367.06 512.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 416.64 512.10 Td (would ) Tj ET Q q 0 0 0 rg BT 444.57 512.10 Td (use ) Tj ET Q q 0 0 0 rg BT 460.83 512.10 Td (when ) Tj ET Q q 0 0 0 rg BT 485.42 512.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 516.67 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.82 512.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 554.18 512.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (liability) Tj ET Q q 0 0 0 rg BT 79.96 500.10 Td (. ) Tj ET Q q 0 0 0 rg BT 84.40 500.10 Td (For ) Tj ET Q q 0 0 0 rg BT 100.24 500.10 Td (further ) Tj ET Q q 0 0 0 rg BT 129.40 500.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 181.05 500.10 Td (see ) Tj ET Q q 0 0 0 rg BT 195.77 500.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 218.12 500.10 Td (V) Tj ET Q q 0 0 0 rg BT 224.23 500.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 242.83 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.11 500.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 292.27 500.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 345.87 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.59 500.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.87 500.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.87 500.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.81 500.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.20 500.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.20 500.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.14 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.42 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.58 500.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 460.86 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.58 500.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 525.30 500.10 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 471.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.41 471.10 Td (money ) Tj ET Q q 0 0 0 rg BT 120.98 471.10 Td (market ) Tj ET Q q 0 0 0 rg BT 151.10 471.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 175.67 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.47 471.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 239.24 471.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 258.81 471.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 307.83 471.10 Td (that ) Tj ET Q q 0 0 0 rg BT 325.18 471.10 Td (are ) Tj ET Q q 0 0 0 rg BT 339.75 471.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 380.42 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.21 471.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 434.54 471.10 Td (at ) Tj ET Q q 0 0 0 rg BT 444.11 471.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 460.34 471.10 Td (value ) Tj ET Q q 0 0 0 rg BT 484.35 471.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.71 471.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.50 471.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 542.50 471.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.38 459.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 106.59 459.10 Td (as ) Tj ET Q q 0 0 0 rg BT 117.36 459.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 142.57 459.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 150.02 459.10 Td (were ) Tj ET Q q 0 0 0 rg BT 171.89 459.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 212.10 459.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.87 459.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.64 459.10 Td (due ) Tj ET Q q 0 0 0 rg BT 260.53 459.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.75 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.41 459.10 Td (use ) Tj ET Q q 0 0 0 rg BT 301.18 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.96 459.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 357.72 459.10 Td (market ) Tj ET Q q 0 0 0 rg BT 387.92 459.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 414.24 459.10 Td (for ) Tj ET Q q 0 0 0 rg BT 428.35 459.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 465.22 459.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 505.43 459.10 Td (that ) Tj ET Q q 0 0 0 rg BT 522.87 459.10 Td (are ) Tj ET Q q 0 0 0 rg BT 537.52 459.10 Td (traded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.33 447.10 Td (active ) Tj ET Q q 0 0 0 rg BT 85.26 447.10 Td (markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.91 447.10 Td (. ) Tj ET Q q 0 0 0 rg BT 121.47 447.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 175.72 447.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 215.55 447.10 Td (was ) Tj ET Q q 0 0 0 rg BT 233.15 447.10 Td (required ) Tj ET Q q 0 0 0 rg BT 268.52 447.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.35 447.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 320.39 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.66 447.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 360.03 447.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.75 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.02 447.10 Td (frequency ) Tj ET Q q 0 0 0 rg BT 430.05 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.43 447.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 490.25 447.10 Td (that ) Tj ET Q q 0 0 0 rg BT 507.30 447.10 Td (should ) Tj ET Q q 0 0 0 rg BT 536.02 447.10 Td (be ) Tj ET Q q 0 0 0 rg BT 547.51 447.10 Td (met ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.47 435.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.22 435.10 Td (market ) Tj ET Q q 0 0 0 rg BT 100.30 435.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.39 435.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.14 435.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 167.77 435.10 Td (active. ) Tj ET Q q 0 0 0 rg BT 196.45 435.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 214.31 435.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 261.06 435.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.71 435.10 Td (an ) Tj ET Q q 0 0 0 rg BT 283.46 435.10 Td (active ) Tj ET Q q 0 0 0 rg BT 309.64 435.10 Td (market ) Tj ET Q q 0 0 0 rg BT 339.72 435.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.69 435.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.33 435.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 416.06 435.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.59 435.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 484.57 435.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 524.08 435.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 546.94 435.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.87 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.59 423.10 Td (number ) Tj ET Q q 0 0 0 rg BT 153.64 423.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.47 423.10 Td (days ) Tj ET Q q 0 0 0 rg BT 185.30 423.10 Td (each ) Tj ET Q q 0 0 0 rg BT 206.11 423.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 249.16 423.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 294.44 423.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 320.81 423.10 Td (over ) Tj ET Q q 0 0 0 rg BT 341.08 423.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.02 423.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 386.61 423.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 406.10 Td (When ) Tj ET Q q 0 0 0 rg BT 98.87 406.10 Td (we ) Tj ET Q q 0 0 0 rg BT 112.03 406.10 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.85 406.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 171.66 406.10 Td (market ) Tj ET Q q 0 0 0 rg BT 200.92 406.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.29 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 239.44 406.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 275.37 406.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 314.62 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 331.11 406.10 Td (are ) Tj ET Q q 0 0 0 rg BT 344.81 406.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 371.29 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.57 406.10 Td (less ) Tj ET Q q 0 0 0 rg BT 397.06 406.10 Td (active ) Tj ET Q q 0 0 0 rg BT 422.43 406.10 Td (markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.08 406.10 Td (, ) Tj ET Q q 0 0 0 rg BT 458.08 406.10 Td (we ) Tj ET Q q 0 0 0 rg BT 471.23 406.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 503.27 406.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.09 406.10 Td (marketable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.55 394.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 135.29 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.69 394.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 170.52 394.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 179.94 394.10 Td (When ) Tj ET Q q 0 0 0 rg BT 205.89 394.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 251.27 394.10 Td (market ) Tj ET Q q 0 0 0 rg BT 281.11 394.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 307.06 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.79 394.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 357.29 394.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 397.12 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 411.40 394.10 Td (not ) Tj ET Q q 0 0 0 rg BT 426.25 394.10 Td (available) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.33 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 466.90 394.10 Td (we ) Tj ET Q q 0 0 0 rg BT 480.63 394.10 Td (price ) Tj ET Q q 0 0 0 rg BT 502.69 394.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.09 394.10 Td (marketable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.28 382.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 134.75 382.10 Td (using ) Tj ET Q q 0 0 0 rg BT 158.23 382.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 208.92 382.10 Td (market ) Tj ET Q q 0 0 0 rg BT 238.48 382.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 280.84 382.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 306.52 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 323.32 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.33 382.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 390.21 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 409.79 382.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 454.91 382.10 Td (market ) Tj ET Q q 0 0 0 rg BT 484.48 382.10 Td (data; ) Tj ET Q q 0 0 0 rg BT 505.72 382.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 534.74 382.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.88 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 90.05 370.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 120.33 370.10 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 172.27 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.11 370.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 213.94 370.10 Td (models ) Tj ET Q q 0 0 0 rg BT 245.33 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 265.61 370.10 Td (all ) Tj ET Q q 0 0 0 rg BT 278.11 370.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.83 370.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 349.78 370.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 382.27 370.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.22 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 415.05 370.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 468.64 370.10 Td (with ) Tj ET Q q 0 0 0 rg BT 488.92 370.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 534.74 370.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 71.47 358.10 Td (Non-binding ) Tj ET Q q 0 0 0 rg BT 125.39 358.10 Td (market ) Tj ET Q q 0 0 0 rg BT 155.97 358.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 199.33 358.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.03 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 241.05 358.10 Td (based ) Tj ET Q q 0 0 0 rg BT 266.63 358.10 Td (on ) Tj ET Q q 0 0 0 rg BT 279.44 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.47 358.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 341.71 358.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 381.74 358.10 Td (models ) Tj ET Q q 0 0 0 rg BT 413.44 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.58 358.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 455.72 358.10 Td (providers. ) Tj ET Q q 0 0 0 rg BT 498.60 358.10 Td (These ) Tj ET Q q 0 0 0 rg BT 525.29 358.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (models ) Tj ET Q q 0 0 0 rg BT 80.93 346.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 129.00 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.98 346.10 Td (number ) Tj ET Q q 0 0 0 rg BT 169.07 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.94 346.10 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 209.43 346.10 Td (including ) Tj ET Q q 0 0 0 rg BT 249.74 346.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 301.17 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.15 346.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 351.24 346.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 379.88 346.10 Td (quotes; ) Tj ET Q q 0 0 0 rg BT 411.31 346.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 457.17 346.10 Td (market ) Tj ET Q q 0 0 0 rg BT 487.47 346.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 513.89 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.09 346.10 Td (identical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.89 334.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.72 334.10 Td (securities; ) Tj ET Q q 0 0 0 rg BT 132.32 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.82 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.10 334.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 195.70 334.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 247.21 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.60 334.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 287.98 334.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 327.81 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 338.20 334.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 370.25 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 387.30 334.10 Td (use ) Tj ET Q q 0 0 0 rg BT 402.69 334.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 448.07 334.10 Td (market ) Tj ET Q q 0 0 0 rg BT 477.89 334.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 504.40 334.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 523.40 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.24 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.73 334.10 Td (lesser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (degree, ) Tj ET Q q 0 0 0 rg BT 81.55 322.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 137.78 322.10 Td (market ) Tj ET Q q 0 0 0 rg BT 168.45 322.10 Td (inputs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.90 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.10 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 206.74 322.10 Td (e ) Tj ET Q q 0 0 0 rg BT 214.08 322.10 Td (corroborate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.08 322.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 314.87 322.10 Td (market ) Tj ET Q q 0 0 0 rg BT 345.55 322.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 389.01 322.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 415.79 322.10 Td (with ) Tj ET Q q 0 0 0 rg BT 436.48 322.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 482.71 322.10 Td (market ) Tj ET Q q 0 0 0 rg BT 513.38 322.10 Td (data ) Tj ET Q q 0 0 0 rg BT 532.94 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 544.18 322.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (data ) Tj ET Q q 0 0 0 rg BT 68.66 310.10 Td (exists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.43 310.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 293.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.08 293.10 Td (had ) Tj ET Q q 0 0 0 rg BT 106.01 293.10 Td (no ) Tj ET Q q 0 0 0 rg BT 118.51 293.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 168.79 293.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 209.05 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 219.88 293.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 245.15 293.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 252.65 293.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.48 293.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.31 293.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 332.89 293.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.89 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.39 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.33 293.10 Td (2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (Deferred Commissions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 250.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 112.98 250.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 165.27 250.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 205.32 250.10 Td (are ) Tj ET Q q 0 0 0 rg BT 221.48 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.65 250.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 288.80 250.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 312.76 250.10 Td (that ) Tj ET Q q 0 0 0 rg BT 331.71 250.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.87 250.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 382.36 250.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 427.41 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 449.14 250.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 513.61 250.10 Td (subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.14 238.10 Td (with ) Tj ET Q q 0 0 0 rg BT 108.47 238.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 151.56 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.55 238.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 198.88 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.75 238.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 231.74 238.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 286.51 238.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 306.28 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.60 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.48 238.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 357.79 238.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 379.78 238.10 Td (force. ) Tj ET Q q 0 0 0 rg BT 405.37 238.10 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 462.37 238.10 Td (are ) Tj ET Q q 0 0 0 rg BT 477.13 238.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 520.20 238.10 Td (based ) Tj ET Q q 0 0 0 rg BT 545.52 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 558.07 238.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 95.30 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.13 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.85 226.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 158.88 226.10 Td (for ) Tj ET Q q 0 0 0 rg BT 173.04 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.76 226.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 250.78 226.10 Td (term ) Tj ET Q q 0 0 0 rg BT 271.60 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.43 226.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 333.82 226.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 374.92 226.10 Td (which ) Tj ET Q q 0 0 0 rg BT 401.85 226.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.56 226.10 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.05 226.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.05 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.55 226.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.83 226.10 Td (5 ) Tj ET Q q 0 0 0 rg BT 479.33 226.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.43 226.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 209.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.05 209.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 128.35 209.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 179.69 209.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 214.89 209.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 251.78 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 266.99 209.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 316.62 209.10 Td (through ) Tj ET Q q 0 0 0 rg BT 350.72 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.94 209.10 Td (future ) Tj ET Q q 0 0 0 rg BT 392.82 209.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 427.46 209.10 Td (streams ) Tj ET Q q 0 0 0 rg BT 461.01 209.10 Td (under ) Tj ET Q q 0 0 0 rg BT 486.78 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.99 209.10 Td (non-cancelable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.66 197.10 Td (contracts. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 171.10 Td (Software ) Tj ET Q q 0 0 0 rg BT 88.67 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.55 171.10 Td (W) Tj ET Q q 0 0 0 rg BT 114.70 171.10 Td (ebsite ) Tj ET Q q 0 0 0 rg BT 140.53 171.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 196.90 171.10 Td (Costs) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 154.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.56 154.10 Td (capitalize ) Tj ET Q q 0 0 0 rg BT 130.84 154.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 164.37 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.79 154.10 Td (external ) Tj ET Q q 0 0 0 rg BT 216.97 154.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 239.95 154.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 276.25 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.01 154.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 321.64 154.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 371.83 154.10 Td (software ) Tj ET Q q 0 0 0 rg BT 409.23 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.65 154.10 Td (website ) Tj ET Q q 0 0 0 rg BT 460.18 154.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 513.98 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.96 154.10 Td (Capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 84.30 142.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 108.56 142.10 Td (include ) Tj ET Q q 0 0 0 rg BT 142.25 142.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 179.00 142.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 217.42 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.11 142.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 287.58 142.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 347.38 142.10 Td (char) Tj ET Q q 0 0 0 rg BT 364.41 142.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 382.00 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 397.92 142.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 444.94 142.10 Td (that ) Tj ET Q q 0 0 0 rg BT 464.20 142.10 Td (are ) Tj ET Q q 0 0 0 rg BT 480.66 142.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 515.46 142.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 554.72 142.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 96.31 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.90 130.10 Td (software ) Tj ET Q q 0 0 0 rg BT 147.71 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 158.42 130.10 Td (website ) Tj ET Q q 0 0 0 rg BT 191.34 130.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 240.65 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.46 130.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 309.26 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.96 130.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 345.67 130.10 Td (used ) Tj ET Q q 0 0 0 rg BT 366.38 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.53 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.13 130.10 Td (development ) Tj ET Q q 0 0 0 rg BT 445.16 130.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 480.02 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.40 130.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 530.31 130.10 Td (external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.75 118.10 Td (include ) Tj ET Q q 0 0 0 rg BT 105.44 118.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 151.45 118.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 199.70 118.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 237.94 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.97 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.44 118.10 Td (development ) Tj ET Q q 0 0 0 rg BT 319.34 118.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 355.08 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.66 118.10 Td (well ) Tj ET Q q 0 0 0 rg BT 387.13 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 398.71 118.10 Td (other ) Tj ET Q q 0 0 0 rg BT 422.51 118.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 448.52 118.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 471.78 118.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 508.34 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.92 118.10 Td (part ) Tj ET Q q 0 0 0 rg BT 538.72 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 118.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 106.10 Td (process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 89.10 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 131.74 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.22 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.37 89.10 Td (begins ) Tj ET Q q 0 0 0 rg BT 192.62 89.10 Td (when ) Tj ET Q q 0 0 0 rg BT 216.43 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.79 89.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 279.59 89.10 Td (project ) Tj ET Q q 0 0 0 rg BT 309.50 89.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 332.20 89.10 Td (has ) Tj ET Q q 0 0 0 rg BT 347.67 89.10 Td (been ) Tj ET Q q 0 0 0 rg BT 368.70 89.10 Td (completed, ) Tj ET Q q 0 0 0 rg BT 415.00 89.10 Td (management ) Tj ET Q q 0 0 0 rg BT 468.23 89.10 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 511.47 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.06 89.10 Td (commits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.02 77.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 93.88 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.06 77.10 Td (project ) Tj ET Q q 0 0 0 rg BT 131.57 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.76 77.10 Td (it ) Tj ET Q q 0 0 0 rg BT 157.06 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 166.47 77.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 204.20 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.94 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.91 77.10 Td (project ) Tj ET Q q 0 0 0 rg BT 267.42 77.10 Td (will ) Tj ET Q q 0 0 0 rg BT 285.72 77.10 Td (be ) Tj ET Q q 0 0 0 rg BT 297.90 77.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 342.30 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.48 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.45 77.10 Td (software ) Tj ET Q q 0 0 0 rg BT 411.62 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.70 77.10 Td (website ) Tj ET Q q 0 0 0 rg BT 455.99 77.10 Td (application ) Tj ET Q q 0 0 0 rg BT 503.16 77.10 Td (will ) Tj ET Q q 0 0 0 rg BT 521.46 77.10 Td (be ) Tj ET Q q 0 0 0 rg BT 533.65 77.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.72 77.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 83.42 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.36 65.10 Td (function ) Tj ET Q q 0 0 0 rg BT 132.40 65.10 Td (intended. ) Tj ET Q q 0 0 0 rg BT 171.05 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.76 65.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 205.57 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.73 65.10 Td (external ) Tj ET Q q 0 0 0 rg BT 255.65 65.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.36 65.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 312.40 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 322.44 65.10 Td (part ) Tj ET Q q 0 0 0 rg BT 339.71 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.75 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.68 65.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 412.05 65.10 Td (project ) Tj ET Q q 0 0 0 rg BT 441.53 65.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 463.79 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 477.72 65.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 516.64 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 65.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 132.14 740.10 Td (ceases ) Tj ET Q q 0 0 0 rg BT 160.22 740.10 Td (at ) Tj ET Q q 0 0 0 rg BT 169.98 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.74 740.10 Td (point ) Tj ET Q q 0 0 0 rg BT 207.84 740.10 Td (at ) Tj ET Q q 0 0 0 rg BT 217.60 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 244.58 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.34 740.10 Td (project ) Tj ET Q q 0 0 0 rg BT 289.65 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 298.87 740.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 351.96 740.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 391.16 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.14 740.10 Td (ready ) Tj ET Q q 0 0 0 rg BT 432.89 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.09 740.10 Td (its ) Tj ET Q q 0 0 0 rg BT 459.09 740.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 496.06 740.10 Td (use. ) Tj ET Q q 0 0 0 rg BT 514.44 740.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 548.08 740.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (external ) Tj ET Q q 0 0 0 rg BT 84.20 728.10 Td (training ) Tj ET Q q 0 0 0 rg BT 117.81 728.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.31 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.24 728.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 210.27 728.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.77 728.10 Td (during ) Tj ET Q q 0 0 0 rg BT 261.38 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.10 728.10 Td (post-implementation ) Tj ET Q q 0 0 0 rg BT 361.36 728.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 401.62 728.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 424.67 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.38 728.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 479.08 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 489.92 728.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 711.10 Td (Internal-developed ) Tj ET Q q 0 0 0 rg BT 151.73 711.10 Td (core ) Tj ET Q q 0 0 0 rg BT 171.65 711.10 Td (software ) Tj ET Q q 0 0 0 rg BT 208.79 711.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.18 711.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 260.87 711.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.59 711.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.74 711.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 331.77 711.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 354.49 711.10 Td (over ) Tj ET Q q 0 0 0 rg BT 374.97 711.10 Td (its ) Tj ET Q q 0 0 0 rg BT 387.13 711.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 428.17 711.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 455.32 711.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 473.86 711.10 Td (generally) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.06 711.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.77 711.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.76 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.47 711.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.96 711.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 74.67 699.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 130.00 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.34 699.10 Td (product ) Tj ET Q q 0 0 0 rg BT 172.90 699.10 Td (related ) Tj ET Q q 0 0 0 rg BT 202.11 699.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 251.32 699.10 Td (software ) Tj ET Q q 0 0 0 rg BT 287.76 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.21 699.10 Td (website ) Tj ET Q q 0 0 0 rg BT 336.77 699.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 387.10 699.10 Td (is ) Tj ET Q q 0 0 0 rg BT 395.78 699.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 432.78 699.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 469.77 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.56 699.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 497.67 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.02 699.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 548.06 699.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.68 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.64 687.10 Td (other ) Tj ET Q q 0 0 0 rg BT 136.83 687.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 186.67 687.10 Td (software ) Tj ET Q q 0 0 0 rg BT 223.74 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.81 687.10 Td (website ) Tj ET Q q 0 0 0 rg BT 274.00 687.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 324.96 687.10 Td (is ) Tj ET Q q 0 0 0 rg BT 334.26 687.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 371.89 687.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.51 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.92 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.78 687.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 475.18 687.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 510.02 687.10 Td (line ) Tj ET Q q 0 0 0 rg BT 527.66 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.07 687.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.23 675.10 Td (most ) Tj ET Q q 0 0 0 rg BT 80.85 675.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 112.34 675.10 Td (relates.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 83.11 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 572.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 555.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.06 555.10 Td (following ) Tj ET Q q 0 0 0 rg BT 133.96 555.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 160.30 555.10 Td (set ) Tj ET Q q 0 0 0 rg BT 174.42 555.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 196.88 555.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.22 555.10 Td (results ) Tj ET Q q 0 0 0 rg BT 242.34 555.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.69 555.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.36 555.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.03 555.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.26 555.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 360.71 555.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 402.04 555.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.50 555.10 Td (as ) Tj ET Q q 0 0 0 rg BT 430.84 555.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.29 555.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 484.61 555.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.95 555.10 Td (our ) Tj ET Q q 0 0 0 rg BT 512.30 555.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.85 555.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.11 543.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 107.37 543.10 Td (The ) Tj ET Q q 0 0 0 rg BT 125.41 543.10 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 193.45 543.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 242.60 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.43 543.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.91 543.10 Td (results ) Tj ET Q q 0 0 0 rg BT 319.52 543.10 Td (is ) Tj ET Q q 0 0 0 rg BT 328.69 543.10 Td (not ) Tj ET Q q 0 0 0 rg BT 343.97 543.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 390.89 543.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 432.82 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.65 543.10 Td (future ) Tj ET Q q 0 0 0 rg BT 470.03 543.10 Td (results.) 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373.27 Td (135,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 373.27 Td (94,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 359.17 Td (Income from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 358.27 Td (55,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 358.27 Td (33,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 358.27 Td (21,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 344.17 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 343.27 Td (989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 343.27 Td (619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 343.27 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.17 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 328.27 Td (56,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 328.27 Td (34,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 328.27 Td (21,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 314.17 Td (Income tax 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J 0 j 3 M 453 371.5 m 506 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 357.5 m 506 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 355.5 m 506 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 371.5 m 563 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 357.5 m 563 357.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 355.5 m 563 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 330.5 m 449 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 330.5 m 453 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 330.5 m 506 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 330.5 m 563 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 317.5 m 449 317.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 317.5 m 506 317.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 330.5 m 510 330.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 317.5 m 563 317.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 260.5 m 506 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 260.5 m 563 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 260.5 m 449 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 246.5 m 449 246.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 244.5 m 449 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 260.5 m 506 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 246.5 m 506 246.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 244.5 m 506 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 260.5 m 563 260.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 246.5 m 563 246.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 244.5 m 563 244.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 445.73 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 432.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 432.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 432.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 419.73 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 406.23 Td (Revenue by type:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 392.07 Td (On-demand) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 117.71 396.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 391.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 391.17 Td (359,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 391.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 391.17 Td (249,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 391.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 391.17 Td (154,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 377.07 Td (On-premise) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 117.71 381.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 376.17 Td (718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 376.17 Td (4,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 376.17 Td (7,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 362.07 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 361.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 361.17 Td (360,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 361.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 361.17 Td (253,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 361.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 361.17 Td (161,537) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 347.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 334.73 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 321.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 321.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 321.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.80 308.73 Td (\(as a percentage of revenues\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 295.23 Td (Revenue by type:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 281.07 Td (On-demand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 280.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 280.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 280.17 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 280.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 280.17 Td (96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 280.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 266.07 Td (On-premise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 265.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 265.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 265.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 265.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 265.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 265.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 251.07 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 250.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 250.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 250.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 250.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 250.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 250.17 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 236.40 Td (________________) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 224.68 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.83 220.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 86.64 220.60 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 146.94 220.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.75 220.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 176.57 220.60 Td (period ) Tj ET Q q 0 0 0 rg BT 201.88 220.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 234.70 220.60 Td (have ) Tj ET Q q 0 0 0 rg BT 254.01 220.60 Td (been ) Tj ET Q q 0 0 0 rg BT 273.32 220.60 Td (made ) Tj ET Q q 0 0 0 rg BT 295.13 220.60 Td (to ) Tj ET Q q 0 0 0 rg BT 304.45 220.60 Td (conform ) Tj ET Q q 0 0 0 rg BT 337.26 220.60 Td (to ) Tj ET Q q 0 0 0 rg BT 346.58 220.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.90 220.60 Td (current ) Tj ET Q q 0 0 0 rg BT 387.70 220.60 Td (period ) Tj ET Q q 0 0 0 rg BT 413.01 220.60 Td (presentation, ) Tj ET Q q 0 0 0 rg BT 461.57 220.60 Td (such ) Tj ET Q q 0 0 0 rg BT 480.38 220.60 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 537.18 220.60 Td (did ) Tj ET Q q 0 0 0 rg BT 551.00 220.60 Td (not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 209.80 Td (materially ) Tj ET Q q 0 0 0 rg BT 88.23 209.80 Td (change ) Tj ET Q q 0 0 0 rg BT 115.97 209.80 Td (previously ) Tj ET Q q 0 0 0 rg BT 156.21 209.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 188.45 209.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 236.18 209.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.92 209.80 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 189.80 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 189.80 Td (ear ) Tj ET Q q 0 0 0 rg BT 94.66 189.80 Td (Ended ) Tj ET Q q 0 0 0 rg BT 124.16 189.80 Td (December ) Tj ET Q q 0 0 0 rg BT 168.63 189.80 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 183.96 189.80 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 203.96 189.80 Td ( ) Tj ET Q q 0 0 0 rg BT 206.79 189.80 Td (Compared ) Tj ET Q q 0 0 0 rg BT 252.40 189.80 Td (to ) Tj ET Q q 0 0 0 rg BT 262.80 189.80 Td (Y) Tj ET Q q 0 0 0 rg BT 267.80 189.80 Td (ear ) Tj ET Q q 0 0 0 rg BT 283.96 189.80 Td (Ended ) Tj ET Q q 0 0 0 rg BT 313.46 189.80 Td (December ) Tj ET Q q 0 0 0 rg BT 357.94 189.80 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.27 189.80 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.27 189.80 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.60 189.80 Td (T) Tj ET Q q 0 0 0 rg BT 404.01 189.80 Td (otal ) Tj ET Q q 0 0 0 rg BT 421.83 189.80 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.20 189.80 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.95 189.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.78 189.80 Td ($106.3 ) Tj ET Q q 0 0 0 rg BT 531.11 189.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 189.80 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 177.80 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 177.80 Td (41.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.16 177.80 Td (, ) Tj ET Q q 0 0 0 rg BT 91.16 177.80 Td (for ) Tj ET Q q 0 0 0 rg BT 105.32 177.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.04 177.80 Td (year ) Tj ET Q q 0 0 0 rg BT 139.74 177.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.12 177.80 Td (December ) Tj ET Q q 0 0 0 rg BT 209.71 177.80 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.21 177.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.71 177.80 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.71 177.80 Td ( ) Tj ET Q q 0 0 0 rg BT 247.21 177.80 Td (as ) Tj ET Q q 0 0 0 rg BT 258.04 177.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 299.96 177.80 Td (to ) Tj ET Q q 0 0 0 rg BT 310.24 177.80 Td (the ) Tj ET Q q 0 0 0 rg BT 324.95 177.80 Td (same ) Tj ET Q q 0 0 0 rg BT 348.00 177.80 Td (period ) Tj ET Q q 0 0 0 rg BT 376.05 177.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.88 177.80 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.88 177.80 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 160.80 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 123.50 160.80 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.83 160.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.59 160.80 Td (d ) Tj ET Q q 0 0 0 rg BT 202.38 160.80 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.18 160.80 Td ($109.7 ) Tj ET Q q 0 0 0 rg BT 245.47 160.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.36 160.80 Td (, ) Tj ET Q q 0 0 0 rg BT 279.66 160.80 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.78 160.80 Td (43.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.61 160.80 Td (, ) Tj ET Q q 0 0 0 rg BT 321.91 160.80 Td (during ) Tj ET Q q 0 0 0 rg BT 350.81 160.80 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.82 160.80 Td (year ) Tj ET Q q 0 0 0 rg BT 385.82 160.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 412.49 160.80 Td (December ) Tj ET Q q 0 0 0 rg BT 456.37 160.80 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.87 160.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.67 160.80 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.67 160.80 Td (, ) Tj ET Q q 0 0 0 rg BT 496.96 160.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 536.97 160.80 Td (driven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.80 Td (by ) Tj ET Q q 0 0 0 rg BT 61.25 148.80 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.44 148.80 Td ($70.8 ) Tj ET Q q 0 0 0 rg BT 91.69 148.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.59 148.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.34 148.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.09 148.80 Td ( ) Tj ET Q q 0 0 0 rg BT 156.84 148.80 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.37 148.80 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.92 148.80 Td ( ) Tj ET Q q 0 0 0 rg BT 213.67 148.80 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 249.44 148.80 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.74 148.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.50 148.80 Td ( ) Tj ET Q q 0 0 0 rg BT 301.25 148.80 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.78 148.80 Td (Encompass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.33 148.80 Td ( ) Tj ET Q q 0 0 0 rg BT 358.08 148.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 391.47 148.80 Td (was ) Tj ET Q q 0 0 0 rg BT 408.78 148.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 443.85 148.80 Td (attributable ) Tj ET Q q 0 0 0 rg BT 491.14 148.80 Td (to ) Tj ET Q q 0 0 0 rg BT 500.67 148.80 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.86 148.80 Td ($44.3 ) Tj ET Q q 0 0 0 rg BT 531.11 148.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 148.80 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.80 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.05 136.80 Td (42.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.88 136.80 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.59 136.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.35 136.80 Td ( ) Tj ET Q q 0 0 0 rg BT 125.56 136.80 Td (in ) Tj ET Q q 0 0 0 rg BT 135.56 136.80 Td (base ) Tj ET Q q 0 0 0 rg BT 155.54 136.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 173.86 136.80 Td (due ) Tj ET Q q 0 0 0 rg BT 190.52 136.80 Td (to ) Tj ET Q q 0 0 0 rg BT 200.51 136.80 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.17 136.80 Td (29.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 136.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.21 136.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.97 136.80 Td ( ) Tj ET Q q 0 0 0 rg BT 270.18 136.80 Td (in ) Tj ET Q q 0 0 0 rg BT 280.18 136.80 Td (contracted ) Tj ET Q q 0 0 0 rg BT 324.04 136.80 Td (users ) Tj ET Q q 0 0 0 rg BT 346.80 136.80 Td (as ) Tj ET Q q 0 0 0 rg BT 357.35 136.80 Td (of ) Tj ET Q q 0 0 0 rg BT 367.90 136.80 Td (December ) Tj ET Q q 0 0 0 rg BT 411.20 136.80 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.92 136.80 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.92 136.80 Td ( ) Tj ET Q q 0 0 0 rg BT 448.13 136.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 489.77 136.80 Td (to ) Tj ET Q q 0 0 0 rg BT 499.77 136.80 Td (the ) Tj ET Q q 0 0 0 rg BT 514.20 136.80 Td (same ) Tj ET Q q 0 0 0 rg BT 536.97 136.80 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.80 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.62 124.80 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.62 124.80 Td (, ) Tj ET Q q 0 0 0 rg BT 84.46 124.80 Td (and ) Tj ET Q q 0 0 0 rg BT 101.25 124.80 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.03 124.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.78 124.80 Td ( ) Tj ET Q q 0 0 0 rg BT 148.12 124.80 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.80 124.80 Td ($26.5 ) Tj ET Q q 0 0 0 rg BT 183.64 124.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.53 124.80 Td ( ) Tj ET Q q 0 0 0 rg BT 214.87 124.80 Td (in ) Tj ET Q q 0 0 0 rg BT 224.99 124.80 Td (closed ) Tj ET Q q 0 0 0 rg BT 252.88 124.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 272.44 124.80 Td (fees, ) Tj ET Q q 0 0 0 rg BT 293.38 124.80 Td (which ) Tj ET Q q 0 0 0 rg BT 320.17 124.80 Td (are ) Tj ET Q q 0 0 0 rg BT 334.72 124.80 Td (assessed ) Tj ET Q q 0 0 0 rg BT 370.94 124.80 Td (for ) Tj ET Q q 0 0 0 rg BT 384.94 124.80 Td (loans ) Tj ET Q q 0 0 0 rg BT 408.39 124.80 Td (closed ) Tj ET Q q 0 0 0 rg BT 436.28 124.80 Td (in ) Tj ET Q q 0 0 0 rg BT 446.41 124.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 474.85 124.80 Td (of ) Tj ET Q q 0 0 0 rg BT 485.52 124.80 Td (base ) Tj ET Q q 0 0 0 rg BT 505.63 124.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 524.07 124.80 Td (under ) Tj ET Q q 0 0 0 rg BT 549.18 124.80 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.80 Td (Success ) Tj ET Q q 0 0 0 rg BT 83.51 112.80 Td (Based ) Tj ET Q q 0 0 0 rg BT 110.30 112.80 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 141.53 112.80 Td (model. ) Tj ET Q q 0 0 0 rg BT 171.21 112.80 Td (The ) Tj ET Q q 0 0 0 rg BT 189.10 112.80 Td (closed ) Tj ET Q q 0 0 0 rg BT 217.00 112.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 236.56 112.80 Td (fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.12 112.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.87 112.80 Td ( ) Tj ET Q q 0 0 0 rg BT 286.22 112.80 Td (was ) Tj ET Q q 0 0 0 rg BT 304.12 112.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 343.68 112.80 Td (driven ) Tj ET Q q 0 0 0 rg BT 371.58 112.80 Td (by ) Tj ET Q q 0 0 0 rg BT 383.92 112.80 Td (an ) Tj ET Q q 0 0 0 rg BT 395.71 112.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 430.81 112.80 Td (in ) Tj ET Q q 0 0 0 rg BT 440.94 112.80 Td (contracted ) Tj ET Q q 0 0 0 rg BT 484.93 112.80 Td (users ) Tj ET Q q 0 0 0 rg BT 507.83 112.80 Td (and ) Tj ET Q q 0 0 0 rg BT 524.62 112.80 Td (by ) Tj ET Q q 0 0 0 rg BT 536.97 112.80 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.76 100.80 Td (origination ) Tj ET Q q 0 0 0 rg BT 136.15 100.80 Td (volumes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 83.80 Td (Similarly) Tj ET Q q 0 0 0 rg BT 110.07 83.80 Td (, ) Tj ET Q q 0 0 0 rg BT 115.63 83.80 Td (the ) Tj ET Q q 0 0 0 rg BT 130.91 83.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 166.72 83.80 Td (in ) Tj ET Q q 0 0 0 rg BT 177.56 83.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 218.38 83.80 Td (origination ) Tj ET Q q 0 0 0 rg BT 265.32 83.80 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 304.77 83.80 Td (contracted ) Tj ET Q q 0 0 0 rg BT 349.47 83.80 Td (users ) Tj ET Q q 0 0 0 rg BT 373.08 83.80 Td (and ) Tj ET Q q 0 0 0 rg BT 390.58 83.80 Td (new ) Tj ET Q q 0 0 0 rg BT 410.29 83.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 453.90 83.80 Td (also ) Tj ET Q q 0 0 0 rg BT 473.07 83.80 Td (contributed ) Tj ET Q q 0 0 0 rg BT 521.67 83.80 Td (to ) Tj ET Q q 0 0 0 rg BT 532.51 83.80 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 83.80 Td ($14.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 71.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.38 71.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.13 71.80 Td ( ) Tj ET Q q 0 0 0 rg BT 117.12 71.80 Td (in ) Tj ET Q q 0 0 0 rg BT 127.88 71.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 166.40 71.80 Td (from ) Tj ET Q q 0 0 0 rg BT 188.83 71.80 Td (network ) Tj ET Q q 0 0 0 rg BT 224.58 71.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 275.33 71.80 Td (due ) Tj ET Q q 0 0 0 rg BT 292.76 71.80 Td (to ) Tj ET Q q 0 0 0 rg BT 303.52 71.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 344.26 71.80 Td (network ) Tj ET Q q 0 0 0 rg BT 380.02 71.80 Td (usage ) Tj ET Q q 0 0 0 rg BT 405.77 71.80 Td (of ) Tj ET Q q 0 0 0 rg BT 417.09 71.80 Td (third ) Tj ET Q q 0 0 0 rg BT 438.96 71.80 Td (party ) Tj ET Q q 0 0 0 rg BT 462.49 71.80 Td (Credit, ) Tj ET Q q 0 0 0 rg BT 492.97 71.80 Td (Flood, ) Tj ET Q q 0 0 0 rg BT 521.14 71.80 Td (Appraisal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.80 Td (and ) Tj ET Q q 0 0 0 rg BT 68.26 59.80 Td (T) Tj ET Q q 0 0 0 rg BT 74.01 59.80 Td (itle ) Tj ET Q q 0 0 0 rg BT 91.44 59.80 Td (services ) Tj ET Q q 0 0 0 rg BT 128.30 59.80 Td (to ) Tj ET Q q 0 0 0 rg BT 140.73 59.80 Td (process ) Tj ET Q q 0 0 0 rg BT 175.37 59.80 Td (loans, ) Tj ET Q q 0 0 0 rg BT 203.64 59.80 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.73 59.80 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 239.88 59.80 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.77 59.80 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.43 59.80 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.18 59.80 Td ( ) Tj ET Q q 0 0 0 rg BT 310.83 59.80 Td (in ) Tj ET Q q 0 0 0 rg BT 323.27 59.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 363.46 59.80 Td (from ) Tj ET Q q 0 0 0 rg BT 387.55 59.80 Td (professional ) Tj ET Q q 0 0 0 rg BT 441.08 59.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 480.44 59.80 Td (driven ) Tj ET Q q 0 0 0 rg BT 510.64 59.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 552.50 59.80 Td (by ) Tj ET Q endstream 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ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.21 728.10 Td (due ) Tj ET Q q 0 0 0 rg BT 101.15 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.42 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 151.68 728.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 176.95 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 189.45 728.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 237.49 728.10 Td (users ) Tj ET Q q 0 0 0 rg BT 260.54 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.48 728.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 299.42 728.10 Td (period ) Tj ET Q q 0 0 0 rg BT 327.47 728.10 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 711.10 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 122.58 711.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.99 711.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.40 711.10 Td (d ) Tj ET Q q 0 0 0 rg BT 201.28 711.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.15 711.10 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 232.52 711.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.41 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.29 711.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.82 711.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.91 711.10 Td (year ) Tj ET Q q 0 0 0 rg BT 309.99 711.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 335.74 711.10 Td (December ) Tj ET Q q 0 0 0 rg BT 378.69 711.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.19 711.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.07 711.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.07 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.94 711.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 456.23 711.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.89 711.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.97 711.10 Td (same ) Tj ET Q q 0 0 0 rg BT 502.39 711.10 Td (period ) Tj ET Q q 0 0 0 rg BT 529.81 711.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 711.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 711.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.82 699.10 Td (due ) Tj ET Q q 0 0 0 rg BT 107.37 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.26 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.59 699.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 181.69 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.14 699.10 Td (all ) Tj ET Q q 0 0 0 rg BT 206.24 699.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 254.34 699.10 Td (customers) Tj ET Q q 0 0 0 rg BT 297.48 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.59 699.10 Td (migration ) Tj ET Q q 0 0 0 rg BT 342.58 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.47 699.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.91 699.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 418.01 699.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 466.67 699.10 Td (of) Tj ET Q q 0 0 0 rg BT 474.82 699.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 504.31 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.86 699.10 Td (we ) Tj ET Q q 0 0 0 rg BT 536.63 699.10 Td (do ) Tj ET Q q 0 0 0 rg BT 549.74 699.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.09 687.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 125.58 687.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 163.62 687.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.89 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.61 687.10 Td (future.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 667.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 667.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 94.30 667.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 123.43 667.10 Td (December ) Tj ET Q q 0 0 0 rg BT 167.54 667.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.51 667.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 202.51 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.97 667.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 250.22 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.28 667.10 Td (Y) Tj ET Q q 0 0 0 rg BT 265.28 667.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 281.08 667.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 310.22 667.10 Td (December ) Tj ET Q q 0 0 0 rg BT 354.33 667.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.29 667.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.29 667.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.26 667.10 Td (T) Tj ET Q q 0 0 0 rg BT 399.67 667.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 417.13 667.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.13 667.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.89 667.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.35 667.10 Td ($92.4 ) Tj ET Q q 0 0 0 rg BT 520.32 667.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.21 667.10 Td (, ) Tj ET Q q 0 0 0 rg BT 554.18 667.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 655.10 Td (57.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 655.10 Td (, ) Tj ET Q q 0 0 0 rg BT 80.33 655.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.49 655.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.21 655.10 Td (year ) Tj ET Q q 0 0 0 rg BT 128.91 655.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 155.29 655.10 Td (December ) Tj ET Q q 0 0 0 rg BT 198.88 655.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 213.88 655.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.88 655.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.38 655.10 Td (as ) Tj ET Q q 0 0 0 rg BT 247.21 655.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 289.13 655.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.41 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.12 655.10 Td (same ) Tj ET Q q 0 0 0 rg BT 337.17 655.10 Td (period ) Tj ET Q q 0 0 0 rg BT 365.22 655.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.05 655.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.05 655.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 638.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 122.88 638.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 160.58 638.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 200.50 638.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.67 638.10 Td ($95.6 ) Tj ET Q q 0 0 0 rg BT 237.34 638.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.23 638.10 Td (, ) Tj ET Q q 0 0 0 rg BT 270.90 638.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.40 638.10 Td (61.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.23 638.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.89 638.10 Td (during ) Tj ET Q q 0 0 0 rg BT 340.17 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.55 638.10 Td (year ) Tj ET Q q 0 0 0 rg BT 373.93 638.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 399.97 638.10 Td (December ) Tj ET Q q 0 0 0 rg BT 443.23 638.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 457.89 638.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 482.56 638.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 525.29 638.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.17 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.95 626.10 Td ($54.3 ) Tj ET Q q 0 0 0 rg BT 91.79 626.10 Td (million ) Tj ET Q q 0 0 0 rg BT 123.02 626.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 158.11 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.23 626.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 216.11 626.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 252.43 626.10 Td (The ) Tj ET Q q 0 0 0 rg BT 270.31 626.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 305.41 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.52 626.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 363.41 626.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 397.39 626.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 431.39 626.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 467.05 626.10 Td (from ) Tj ET Q q 0 0 0 rg BT 488.82 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.60 626.10 Td ($26.6 ) Tj ET Q q 0 0 0 rg BT 520.44 626.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 554.17 626.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (34.0% ) Tj ET Q q 0 0 0 rg BT 77.68 614.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 112.78 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.91 614.10 Td (base ) Tj ET Q q 0 0 0 rg BT 143.03 614.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 161.47 614.10 Td (due ) Tj ET Q q 0 0 0 rg BT 178.26 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.39 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.17 614.10 Td (31.4% ) Tj ET Q q 0 0 0 rg BT 223.35 614.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 258.46 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.58 614.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 312.57 614.10 Td (users ) Tj ET Q q 0 0 0 rg BT 335.47 614.10 Td (as ) Tj ET Q q 0 0 0 rg BT 346.15 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.83 614.10 Td (December ) Tj ET Q q 0 0 0 rg BT 400.26 614.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 415.11 614.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 437.46 614.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 479.23 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.36 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.92 614.10 Td (same ) Tj ET Q q 0 0 0 rg BT 526.82 614.10 Td (period ) Tj ET Q q 0 0 0 rg BT 554.71 614.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 74.30 602.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.93 602.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 122.50 602.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 170.35 602.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 204.29 602.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 244.35 602.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.65 602.10 Td ($27.7 ) Tj ET Q q 0 0 0 rg BT 281.45 602.10 Td (million ) Tj ET Q q 0 0 0 rg BT 312.64 602.10 Td (due ) Tj ET Q q 0 0 0 rg BT 329.38 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.46 602.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 381.75 602.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 409.59 602.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 429.11 602.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 450.01 602.10 Td (which ) Tj ET Q q 0 0 0 rg BT 476.75 602.10 Td (are ) Tj ET Q q 0 0 0 rg BT 491.25 602.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 527.43 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.39 602.10 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 76.83 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.39 590.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 114.28 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.39 590.10 Td (base ) Tj ET Q q 0 0 0 rg BT 143.95 590.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 161.83 590.10 Td (under ) Tj ET Q q 0 0 0 rg BT 186.38 590.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.50 590.10 Td (Success ) Tj ET Q q 0 0 0 rg BT 234.94 590.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 261.17 590.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 291.84 590.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 320.99 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 338.32 590.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 365.65 590.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 384.65 590.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 398.64 590.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 437.07 590.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.29 590.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 485.62 590.10 Td (by ) Tj ET Q q 0 0 0 rg BT 497.40 590.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 524.73 590.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 95.88 578.10 Td (volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 561.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 117.66 561.10 Td (contributors ) Tj ET Q q 0 0 0 rg BT 167.38 561.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.54 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.15 561.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 219.86 561.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.03 561.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 275.40 561.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 312.33 561.10 Td (were ) Tj ET Q q 0 0 0 rg BT 333.15 561.10 Td (a ) Tj ET Q q 0 0 0 rg BT 338.97 561.10 Td ($12.7 ) Tj ET Q q 0 0 0 rg BT 362.86 561.10 Td (million ) Tj ET Q q 0 0 0 rg BT 393.14 561.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 427.28 561.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.45 561.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 473.38 561.10 Td (from ) Tj ET Q q 0 0 0 rg BT 493.90 561.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 528.06 561.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 549.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.58 549.10 Td (services ) Tj ET Q q 0 0 0 rg BT 101.42 549.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 141.27 549.10 Td (due ) Tj ET Q q 0 0 0 rg BT 158.35 549.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.77 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.63 549.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 201.25 549.10 Td (that ) Tj ET Q q 0 0 0 rg BT 218.30 549.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 253.72 549.10 Td (was ) Tj ET Q q 0 0 0 rg BT 271.91 549.10 Td (included ) Tj ET Q q 0 0 0 rg BT 308.98 549.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.40 549.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 357.58 549.10 Td (for ) Tj ET Q q 0 0 0 rg BT 371.88 549.10 Td (three ) Tj ET Q q 0 0 0 rg BT 394.50 549.10 Td (months ) Tj ET Q q 0 0 0 rg BT 426.59 549.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 468.65 549.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.07 549.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.15 549.10 Td (full ) Tj ET Q q 0 0 0 rg BT 502.67 549.10 Td (year ) Tj ET Q q 0 0 0 rg BT 522.52 549.10 Td (in ) Tj ET Q q 0 0 0 rg BT 532.94 549.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 558.08 549.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 537.10 Td ($12.1 ) Tj ET Q q 0 0 0 rg BT 73.55 537.10 Td (million ) Tj ET Q q 0 0 0 rg BT 104.00 537.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 138.30 537.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.63 537.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 184.72 537.10 Td (from ) Tj ET Q q 0 0 0 rg BT 205.71 537.10 Td (network ) Tj ET Q q 0 0 0 rg BT 240.03 537.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 289.35 537.10 Td (due ) Tj ET Q q 0 0 0 rg BT 305.34 537.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.67 537.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 353.97 537.10 Td (network ) Tj ET Q q 0 0 0 rg BT 388.29 537.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 412.61 537.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.49 537.10 Td (third ) Tj ET Q q 0 0 0 rg BT 442.93 537.10 Td (party ) Tj ET Q q 0 0 0 rg BT 465.03 537.10 Td (Credit, ) Tj ET Q q 0 0 0 rg BT 494.08 537.10 Td (Flood, ) Tj ET Q q 0 0 0 rg BT 521.13 537.10 Td (Appraisal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 525.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.94 525.10 Td (T) Tj ET Q q 0 0 0 rg BT 71.69 525.10 Td (itle ) Tj ET Q q 0 0 0 rg BT 86.62 525.10 Td (services ) Tj ET Q q 0 0 0 rg BT 120.98 525.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.91 525.10 Td (process ) Tj ET Q q 0 0 0 rg BT 163.05 525.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 188.81 525.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.40 525.10 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 215.05 525.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.95 525.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.10 525.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 281.00 525.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.94 525.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 328.62 525.10 Td (from ) Tj ET Q q 0 0 0 rg BT 350.22 525.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 401.24 525.10 Td (services ) Tj ET Q q 0 0 0 rg BT 435.60 525.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 463.30 525.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 502.67 525.10 Td (by ) Tj ET Q q 0 0 0 rg BT 514.82 525.10 Td (training ) Tj ET Q q 0 0 0 rg BT 548.08 525.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.69 513.10 Td (services ) Tj ET Q q 0 0 0 rg BT 149.32 513.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 187.30 513.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.50 513.10 Td (new ) Tj ET Q q 0 0 0 rg BT 216.59 513.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 259.56 513.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.43 513.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.63 513.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 329.61 513.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.03 513.10 Td (upgraded ) Tj ET Q q 0 0 0 rg BT 386.66 513.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.53 513.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 455.94 513.10 Td (users ) Tj ET Q q 0 0 0 rg BT 478.92 513.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.12 513.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 511.55 513.10 Td (users ) Tj ET Q q 0 0 0 rg BT 534.53 513.10 Td (as ) Tj ET Q q 0 0 0 rg BT 545.29 513.10 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 501.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.78 501.10 Td (training ) Tj ET Q q 0 0 0 rg BT 94.83 501.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 129.42 501.10 Td (related ) Tj ET Q q 0 0 0 rg BT 159.57 501.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.29 501.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.57 501.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 216.17 501.10 Td (user ) Tj ET Q q 0 0 0 rg BT 235.78 501.10 Td (conference, ) Tj ET Q q 0 0 0 rg BT 285.08 501.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.46 501.10 Td ($5.8 ) Tj ET Q q 0 0 0 rg BT 312.91 501.10 Td (million ) Tj ET Q q 0 0 0 rg BT 344.75 501.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 380.45 501.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.17 501.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 429.66 501.10 Td (from ) Tj ET Q q 0 0 0 rg BT 452.04 501.10 Td (other ) Tj ET Q q 0 0 0 rg BT 475.54 501.10 Td (software ) Tj ET Q q 0 0 0 rg BT 512.91 501.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.30 501.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 489.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 79.82 489.10 Td (due ) Tj ET Q q 0 0 0 rg BT 96.80 489.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.13 489.10 Td (an ) Tj ET Q q 0 0 0 rg BT 119.11 489.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 154.41 489.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.56 489.10 Td (TQL) Tj ET Q q 0 0 0 rg BT 183.62 489.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.17 489.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 223.71 489.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.70 489.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 266.01 489.10 Td (by ) Tj ET Q q 0 0 0 rg BT 278.56 489.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 326.65 489.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 352.25 489.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.23 489.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 379.28 489.10 Td (million ) Tj ET Q q 0 0 0 rg BT 410.72 489.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 446.02 489.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.34 489.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 494.43 489.10 Td (from ) Tj ET Q q 0 0 0 rg BT 516.41 489.10 Td (stand-alone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 477.10 Td (CenterW) Tj ET Q q 0 0 0 rg BT 85.19 477.10 Td (ise, ) Tj ET Q q 0 0 0 rg BT 101.30 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.24 477.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.18 477.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 145.18 477.10 Td (million ) Tj ET Q q 0 0 0 rg BT 176.57 477.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 211.82 477.10 Td (due ) Tj ET Q q 0 0 0 rg BT 228.76 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.04 477.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 277.08 477.10 Td (from ) Tj ET Q q 0 0 0 rg BT 299.02 477.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.85 477.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 356.22 477.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 389.83 477.10 Td (acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.56 460.10 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 126.82 460.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 165.41 460.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 207.88 460.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.94 460.10 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 241.50 460.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.39 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.45 460.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.16 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.44 460.10 Td (year ) Tj ET Q q 0 0 0 rg BT 323.70 460.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 350.63 460.10 Td (December ) Tj ET Q q 0 0 0 rg BT 394.77 460.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.33 460.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 433.39 460.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 475.87 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.70 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.98 460.10 Td (same ) Tj ET Q q 0 0 0 rg BT 525.58 460.10 Td (period ) Tj ET Q q 0 0 0 rg BT 554.18 460.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 74.68 448.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 114.57 448.10 Td (due ) Tj ET Q q 0 0 0 rg BT 131.68 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.14 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.25 448.10 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 169.43 448.10 Td (million ) Tj ET Q q 0 0 0 rg BT 201.00 448.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 238.09 448.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.55 448.10 Td (software ) Tj ET Q q 0 0 0 rg BT 285.65 448.10 Td (license ) Tj ET Q q 0 0 0 rg BT 316.09 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.21 448.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 386.41 448.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 405.19 448.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.20 448.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.20 448.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 479.87 448.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 523.09 448.10 Td (converted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 436.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 82.28 436.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 130.33 436.10 Td (Success ) Tj ET Q q 0 0 0 rg BT 164.49 436.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 191.42 436.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 222.81 436.10 Td (users ) Tj ET Q q 0 0 0 rg BT 245.86 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.80 436.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.74 436.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 289.74 436.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.63 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.13 436.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 358.04 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.32 436.10 Td (training ) Tj ET Q q 0 0 0 rg BT 401.93 436.10 Td (revenues.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 410.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 72.24 410.10 Td (oss ) Tj ET Q q 0 0 0 rg BT 87.53 410.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 97.15 410.10 Td (ofit) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 355.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 355.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 355.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 355.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 355.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 355.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 381.6 m 449 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 381.6 m 453 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 381.6 m 506 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 381.6 m 563 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 368.6 m 449 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 368.6 m 506 368.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 381.6 m 510 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 368.6 m 563 368.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 385.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 372.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 372.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 372.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 359.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 346.17 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 345.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.60 345.27 Td (240,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 345.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.60 345.27 Td (169,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 345.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 345.27 Td (115,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 331.17 Td (Gross margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 330.27 Td (66.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 330.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 330.27 Td (66.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 330.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 330.27 Td (71.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 330.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 306.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 306.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.98 306.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 122.80 306.10 Td (December ) Tj ET Q q 0 0 0 rg BT 166.59 306.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.24 306.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 201.24 306.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.39 306.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 248.31 306.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.09 306.10 Td (Y) Tj ET Q q 0 0 0 rg BT 263.09 306.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 278.56 306.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 307.38 306.10 Td (December ) Tj ET Q q 0 0 0 rg BT 351.18 306.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.83 306.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 385.83 306.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.47 306.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 415.96 306.10 Td (profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.32 306.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.08 306.10 Td (d ) Tj ET Q q 0 0 0 rg BT 480.22 306.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.37 306.10 Td ($70.4 ) Tj ET Q q 0 0 0 rg BT 517.02 306.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.91 306.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 306.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 73.22 294.10 Td (mar) Tj ET Q q 0 0 0 rg BT 88.58 294.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 103.97 294.10 Td (percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.87 294.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.29 294.10 Td (d ) Tj ET Q q 0 0 0 rg BT 191.89 294.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 294.10 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.00 294.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.60 294.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 265.51 294.10 Td (points ) Tj ET Q q 0 0 0 rg BT 292.56 294.10 Td (during ) Tj ET Q q 0 0 0 rg BT 321.27 294.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.10 294.10 Td (year ) Tj ET Q q 0 0 0 rg BT 355.91 294.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 382.39 294.10 Td (December ) Tj ET Q q 0 0 0 rg BT 426.08 294.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.58 294.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.18 294.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.18 294.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.79 294.10 Td (as ) Tj ET Q q 0 0 0 rg BT 474.72 294.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.75 294.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.14 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.96 294.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.21 282.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.16 282.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.16 282.10 Td (. ) Tj ET Q q 0 0 0 rg BT 114.83 282.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 156.87 282.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 197.80 282.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.96 282.10 Td ($106.3 ) Tj ET Q q 0 0 0 rg BT 241.63 282.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.52 282.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.69 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.30 282.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 310.57 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.07 282.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 360.78 282.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 401.70 282.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.87 282.10 Td ($35.9 ) Tj ET Q q 0 0 0 rg BT 440.54 282.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.43 282.10 Td (. ) Tj ET Q q 0 0 0 rg BT 474.87 282.10 Td (The ) Tj ET Q q 0 0 0 rg BT 493.58 282.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 510.07 282.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 534.35 282.10 Td (mar) Tj ET Q q 0 0 0 rg BT 549.72 282.10 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 96.11 270.10 Td (was ) Tj ET Q q 0 0 0 rg BT 114.97 270.10 Td (a ) Tj ET Q q 0 0 0 rg BT 122.72 270.10 Td (result ) Tj ET Q q 0 0 0 rg BT 148.25 270.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.89 270.10 Td (an ) Tj ET Q q 0 0 0 rg BT 172.63 270.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 208.70 270.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.79 270.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 254.74 270.10 Td (of) Tj ET Q q 0 0 0 rg BT 262.89 270.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 280.64 270.10 Td (by ) Tj ET Q q 0 0 0 rg BT 293.95 270.10 Td (an ) Tj ET Q q 0 0 0 rg BT 306.70 270.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 342.76 270.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.85 270.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 377.70 270.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 401.01 270.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 445.42 270.10 Td (with ) Tj ET Q q 0 0 0 rg BT 466.50 270.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 510.91 270.10 Td (added ) Tj ET Q q 0 0 0 rg BT 538.09 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 270.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.78 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.84 258.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 162.34 258.10 Td (services ) Tj ET Q q 0 0 0 rg BT 197.17 258.10 Td (or) Tj ET Q q 0 0 0 rg BT 205.32 258.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 253.49 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.55 258.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 320.95 258.10 Td (we ) Tj ET Q q 0 0 0 rg BT 335.23 258.10 Td (have ) Tj ET Q q 0 0 0 rg BT 356.73 258.10 Td (made ) Tj ET Q q 0 0 0 rg BT 381.01 258.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.41 258.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 435.69 258.10 Td (our ) Tj ET Q q 0 0 0 rg BT 451.64 258.10 Td (data ) Tj ET Q q 0 0 0 rg BT 470.92 258.10 Td (centers, ) Tj ET Q q 0 0 0 rg BT 504.36 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.42 258.10 Td (enhancing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (data ) Tj ET Q q 0 0 0 rg BT 69.11 246.10 Td (security ) Tj ET Q q 0 0 0 rg BT 103.72 246.10 Td (for ) Tj ET Q q 0 0 0 rg BT 118.33 246.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.62 246.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 180.40 246.10 Td (The ) Tj ET Q q 0 0 0 rg BT 198.91 246.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 234.61 246.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.35 246.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 268.30 246.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 308.47 246.10 Td (include ) Tj ET Q q 0 0 0 rg BT 340.85 246.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.25 246.10 Td ($14.5 ) Tj ET Q q 0 0 0 rg BT 373.70 246.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.59 246.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.09 246.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.85 246.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.08 246.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 486.52 246.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 528.34 246.10 Td (benefits, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.09 234.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 115.45 234.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 173.14 234.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 211.39 234.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 254.63 234.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.56 234.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 316.70 234.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 359.94 234.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.75 234.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.23 234.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 440.26 234.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 477.12 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.70 234.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 532.51 234.10 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (or) Tj ET Q q 0 0 0 rg BT 57.65 222.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 106.42 222.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.43 222.10 Td (anticipation ) Tj ET Q q 0 0 0 rg BT 167.86 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.42 222.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 222.09 222.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 266.41 222.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 301.29 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.18 222.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.74 222.10 Td (software ) Tj ET Q q 0 0 0 rg BT 370.40 222.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 412.25 222.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.91 222.10 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 440.64 222.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.53 222.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.76 222.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.52 222.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.75 222.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.75 222.10 Td (third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 80.23 210.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 118.74 210.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 148.37 210.10 Td (from ) Tj ET Q q 0 0 0 rg BT 170.22 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.84 210.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 225.01 210.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 265.45 210.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.30 210.10 Td ($7.5 ) Tj ET Q q 0 0 0 rg BT 292.21 210.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.10 210.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.51 210.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 358.68 210.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.87 210.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 421.81 210.10 Td (related ) Tj ET Q q 0 0 0 rg BT 451.42 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.61 210.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 511.22 210.10 Td (software ) Tj ET Q q 0 0 0 rg BT 548.06 210.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 101.81 198.10 Td (related ) Tj ET Q q 0 0 0 rg BT 131.91 198.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.58 198.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 199.34 198.10 Td (hardware, ) Tj ET Q q 0 0 0 rg BT 241.93 198.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.26 198.10 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 269.66 198.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.55 198.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.45 198.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 337.09 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.77 198.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 386.76 198.10 Td (related ) Tj ET Q q 0 0 0 rg BT 416.86 198.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.53 198.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 466.52 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.86 198.10 Td (services ) Tj ET Q q 0 0 0 rg BT 518.96 198.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.63 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 545.85 198.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 79.47 186.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 118.33 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.43 186.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 180.52 186.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.51 186.10 Td (we ) Tj ET Q q 0 0 0 rg BT 203.83 186.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 238.24 186.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 273.21 186.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 305.41 186.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.85 186.10 Td (new ) Tj ET Q q 0 0 0 rg BT 333.17 186.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 377.88 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.97 186.10 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.91 186.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 420.07 186.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.96 186.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.46 186.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.22 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.88 186.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 530.30 186.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 174.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 83.95 174.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.23 174.10 Td (data ) Tj ET Q q 0 0 0 rg BT 113.38 174.10 Td (security ) Tj ET Q q 0 0 0 rg BT 147.54 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.48 174.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 220.84 174.10 Td (upgrades.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 154.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 154.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.98 154.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 122.80 154.10 Td (December ) Tj ET Q q 0 0 0 rg BT 166.59 154.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.24 154.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 201.24 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.39 154.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 248.31 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.09 154.10 Td (Y) Tj ET Q q 0 0 0 rg BT 263.09 154.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 278.56 154.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 307.38 154.10 Td (December ) Tj ET Q q 0 0 0 rg BT 351.18 154.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.83 154.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 385.83 154.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.47 154.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 415.96 154.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 440.32 154.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 480.22 154.10 Td (by ) Tj ET Q q 0 0 0 rg BT 492.37 154.10 Td ($54.5 ) Tj ET Q q 0 0 0 rg BT 517.02 154.10 Td (million ) Tj ET Q q 0 0 0 rg BT 548.06 154.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 73.22 142.10 Td (mar) Tj ET Q q 0 0 0 rg BT 88.58 142.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 103.97 142.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 149.87 142.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 191.89 142.10 Td (by ) Tj ET Q q 0 0 0 rg BT 204.50 142.10 Td (4.5 ) Tj ET Q q 0 0 0 rg BT 219.60 142.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 265.51 142.10 Td (points ) Tj ET Q q 0 0 0 rg BT 292.56 142.10 Td (during ) Tj ET Q q 0 0 0 rg BT 321.27 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.10 142.10 Td (year ) Tj ET Q q 0 0 0 rg BT 355.91 142.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 382.39 142.10 Td (December ) Tj ET Q q 0 0 0 rg BT 426.08 142.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 441.18 142.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 463.79 142.10 Td (as ) Tj ET Q q 0 0 0 rg BT 474.72 142.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.75 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.14 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.96 142.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.66 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.05 130.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 113.16 130.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 154.65 130.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 195.01 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 207.62 130.10 Td ($92.4 ) Tj ET Q q 0 0 0 rg BT 232.74 130.10 Td (million ) Tj ET Q q 0 0 0 rg BT 264.24 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.29 130.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 300.01 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.95 130.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 349.10 130.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 389.46 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 402.07 130.10 Td ($37.9 ) Tj ET Q q 0 0 0 rg BT 427.19 130.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 461.00 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 479.16 130.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 516.18 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.57 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.40 130.10 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (mar) Tj ET Q q 0 0 0 rg BT 64.87 118.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 81.80 118.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 129.25 118.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.06 118.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 169.21 118.10 Td (was ) Tj ET Q q 0 0 0 rg BT 188.92 118.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 230.28 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.65 118.10 Td (result ) Tj ET Q q 0 0 0 rg BT 273.02 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.50 118.10 Td (an ) Tj ET Q q 0 0 0 rg BT 299.09 118.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 336.00 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.93 118.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 372.63 118.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 396.78 118.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 442.03 118.10 Td (with ) Tj ET Q q 0 0 0 rg BT 463.96 118.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 509.21 118.10 Td (added ) Tj ET Q q 0 0 0 rg BT 537.24 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.17 118.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 118.16 106.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 170.43 106.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 208.53 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.36 106.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 266.40 106.10 Td (support ) Tj ET Q q 0 0 0 rg BT 299.80 106.10 Td (or) Tj ET Q q 0 0 0 rg BT 307.95 106.10 Td (ganizations, ) Tj ET Q q 0 0 0 rg BT 359.38 106.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 410.55 106.10 Td (we ) Tj ET Q q 0 0 0 rg BT 425.60 106.10 Td (have ) Tj ET Q q 0 0 0 rg BT 447.87 106.10 Td (made ) Tj ET Q q 0 0 0 rg BT 472.92 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.09 106.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 529.14 106.10 Td (our ) Tj ET Q q 0 0 0 rg BT 545.86 106.10 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (centers, ) Tj ET Q q 0 0 0 rg BT 82.98 94.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 128.42 94.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 174.97 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.42 94.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.42 94.10 Td (network ) Tj ET Q q 0 0 0 rg BT 236.85 94.10 Td (security ) Tj ET Q q 0 0 0 rg BT 271.18 94.10 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 330.21 94.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 383.41 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.41 94.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 444.28 94.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 483.87 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.98 94.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 554.18 94.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 90.87 82.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 115.59 82.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 151.40 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.56 82.10 Td (business ) Tj ET Q q 0 0 0 rg BT 195.84 82.10 Td (combinations. ) Tj ET Q q 0 0 0 rg BT 253.50 82.10 Td (The ) Tj ET Q q 0 0 0 rg BT 270.43 82.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 304.57 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.73 82.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 331.23 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.94 82.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 377.86 82.10 Td (was ) Tj ET Q q 0 0 0 rg BT 394.80 82.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 433.39 82.10 Td (due ) Tj ET Q q 0 0 0 rg BT 449.22 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.38 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 464.20 82.10 Td ($16.4 ) Tj ET Q q 0 0 0 rg BT 488.09 82.10 Td (millionincreasein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 85.09 70.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 127.07 70.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 164.33 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.88 70.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 232.19 70.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 290.84 70.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 330.05 70.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 374.25 70.10 Td (with ) Tj ET Q q 0 0 0 rg BT 395.13 70.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 438.23 70.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 482.43 70.10 Td (for ) Tj ET Q q 0 0 0 rg BT 497.20 70.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.64 70.10 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (services ) Tj ET Q q 0 0 0 rg BT 83.20 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.13 58.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 137.28 58.10 Td (support ) Tj ET Q q 0 0 0 rg BT 168.77 58.10 Td (or) Tj ET Q q 0 0 0 rg BT 176.92 58.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 223.95 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.22 58.10 Td (anticipation ) Tj ET Q q 0 0 0 rg BT 281.92 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.74 58.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 332.67 58.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 375.25 58.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 408.40 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 421.55 58.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.37 58.10 Td (software ) Tj ET Q q 0 0 0 rg BT 472.29 58.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 509.90 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.83 58.10 Td (additions ) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.62 740.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 103.05 740.10 Td (from ) Tj ET Q q 0 0 0 rg BT 124.83 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.87 740.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 173.98 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.76 740.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 231.98 740.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 265.42 740.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 318.04 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.81 740.10 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 344.65 740.10 Td (million ) Tj ET Q q 0 0 0 rg BT 375.88 740.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.98 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.09 740.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 466.20 740.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 496.86 740.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 535.30 740.10 Td (arising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 70.96 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.21 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 124.99 728.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 165.05 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.51 728.10 Td ($4.1 ) Tj ET Q q 0 0 0 rg BT 191.04 728.10 Td (million ) Tj ET Q q 0 0 0 rg BT 221.95 728.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 256.73 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.54 728.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 304.66 728.10 Td (related ) Tj ET Q q 0 0 0 rg BT 333.89 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.69 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 359.05 728.10 Td (data ) Tj ET Q q 0 0 0 rg BT 377.73 728.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 408.07 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.53 728.10 Td (technology) Tj ET Q q 0 0 0 rg BT 468.32 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 472.84 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.31 728.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 498.83 728.10 Td (million ) Tj ET Q q 0 0 0 rg BT 529.75 728.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.47 716.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 114.20 716.10 Td (related ) Tj ET Q q 0 0 0 rg BT 144.60 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.57 716.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 205.96 716.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 246.09 716.10 Td (a$3.1 ) Tj ET Q q 0 0 0 rg BT 273.72 716.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 341.06 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.03 716.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 396.32 716.10 Td (staf) Tj ET Q q 0 0 0 rg BT 410.57 716.10 Td (f ) Tj ET Q q 0 0 0 rg BT 417.10 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.73 716.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 479.59 716.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 505.28 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.91 716.10 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 533.61 716.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.89 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.31 704.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 148.48 704.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 187.22 704.10 Td (related ) Tj ET Q q 0 0 0 rg BT 217.06 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.48 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.33 704.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 284.96 704.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 310.93 704.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 347.99 704.10 Td (from ) Tj ET Q q 0 0 0 rg BT 369.49 704.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 404.90 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.32 704.10 Td (October ) Tj ET Q q 0 0 0 rg BT 450.16 704.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 472.80 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.88 704.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 531.39 704.10 Td (Returns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.11 692.10 Td (October ) Tj ET Q q 0 0 0 rg BT 93.14 692.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 117.47 692.10 Td (which ) Tj ET Q q 0 0 0 rg BT 143.74 692.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 178.89 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.94 692.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 230.86 692.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 278.79 692.10 Td (char) Tj ET Q q 0 0 0 rg BT 295.82 692.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 307.09 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.24 692.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 336.57 692.10 Td (million ) Tj ET Q q 0 0 0 rg BT 367.29 692.10 Td (related ) Tj ET Q q 0 0 0 rg BT 396.32 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.93 692.10 Td (MortgageCEO) Tj ET Q q 0 0 0 rg BT 467.59 692.10 Td (s ) Tj ET Q q 0 0 0 rg BT 473.31 692.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 516.23 692.10 Td (technology) Tj ET Q q 0 0 0 rg BT 560.01 692.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 680.10 Td (a ) Tj ET Q q 0 0 0 rg BT 73.38 680.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 93.38 680.10 Td (million ) Tj ET Q q 0 0 0 rg BT 124.77 680.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 160.02 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.30 680.10 Td (rent, ) Tj ET Q q 0 0 0 rg BT 190.85 680.10 Td (utilities, ) Tj ET Q q 0 0 0 rg BT 225.85 680.10 Td (travel, ) Tj ET Q q 0 0 0 rg BT 253.61 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.55 680.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 328.03 680.10 Td (expenses. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 654.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 85.11 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.61 654.10 Td (Marketing) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 599.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 599.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 599.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 599.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 599.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 625.6 m 449 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 625.6 m 453 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 625.6 m 506 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 625.6 m 563 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 612.6 m 449 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 612.6 m 506 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 625.6 m 510 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 612.6 m 563 612.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 629.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 616.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 616.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 616.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 603.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 590.17 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 589.27 Td (54,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 589.27 Td (38,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 589.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 589.27 Td (26,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 575.17 Td (Sales and marketing as a % of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 574.27 Td (15.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 574.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 574.27 Td (15.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 574.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 574.27 Td (16.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 574.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 550.10 Td (Y) Tj ET Q q 0 0 0 rg BT 77.00 550.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 92.52 550.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 121.38 550.10 Td (December ) Tj ET Q q 0 0 0 rg BT 165.21 550.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.90 550.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.90 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.08 550.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 247.05 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.86 550.10 Td (Y) Tj ET Q q 0 0 0 rg BT 261.86 550.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 277.37 550.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 306.23 550.10 Td (December ) Tj ET Q q 0 0 0 rg BT 350.06 550.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.75 550.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.75 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.44 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.63 550.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 414.92 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.55 550.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 474.28 550.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.56 550.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.32 550.10 Td (d ) Tj ET Q q 0 0 0 rg BT 552.51 550.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td ($16.5 ) Tj ET Q q 0 0 0 rg BT 75.03 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.93 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.46 538.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.82 538.10 Td (43.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.65 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.19 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 166.88 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.13 538.10 Td (year ) Tj ET Q q 0 0 0 rg BT 202.37 538.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 229.28 538.10 Td (December ) Tj ET Q q 0 0 0 rg BT 273.40 538.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.90 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.93 538.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.93 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.97 538.10 Td (as ) Tj ET Q q 0 0 0 rg BT 323.33 538.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 365.79 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.60 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.85 538.10 Td (same ) Tj ET Q q 0 0 0 rg BT 415.43 538.10 Td (period ) Tj ET Q q 0 0 0 rg BT 444.01 538.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.82 538.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.82 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.36 538.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 504.50 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.97 538.10 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.97 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 100.67 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.47 526.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 155.14 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.84 526.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.75 526.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.50 526.10 Td (d ) Tj ET Q q 0 0 0 rg BT 246.87 526.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.24 526.10 Td (0.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.07 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.44 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.14 526.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 337.30 526.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.22 526.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.97 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.34 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.49 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.08 526.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 441.88 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.69 526.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 503.60 526.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 543.07 526.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.52 514.10 Td (due ) Tj ET Q q 0 0 0 rg BT 104.76 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.34 514.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.58 514.10 Td ($7.9 ) Tj ET Q q 0 0 0 rg BT 139.89 514.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.78 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.58 514.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.34 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.14 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.72 514.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 249.01 514.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 289.69 514.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 325.65 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.89 514.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 390.90 514.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 448.25 514.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 486.15 514.10 Td (related ) Tj ET Q q 0 0 0 rg BT 515.16 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.74 514.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 93.90 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 105.54 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 120.51 502.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 158.25 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.33 502.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 193.19 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.83 502.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 232.57 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.32 502.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 294.17 502.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 346.35 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.43 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.18 502.10 Td (ef) Tj ET Q q 0 0 0 rg BT 377.77 502.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 395.51 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.60 502.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 442.66 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.30 502.10 Td (market ) Tj ET Q q 0 0 0 rg BT 490.37 502.10 Td (share ) Tj ET Q q 0 0 0 rg BT 514.77 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.52 502.10 Td (address ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.67 490.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 129.63 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.59 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.23 490.10 Td (software ) Tj ET Q q 0 0 0 rg BT 195.96 490.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 236.88 490.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.62 490.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 263.43 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.32 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.62 490.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.38 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.68 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.76 490.10 Td (other ) Tj ET Q q 0 0 0 rg BT 362.61 490.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 405.46 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.20 490.10 Td (promotion ) Tj ET Q q 0 0 0 rg BT 466.17 490.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 507.07 490.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.81 490.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 533.62 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.25 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.75 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.02 478.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 146.73 478.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 165.44 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.71 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.53 478.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 210.46 478.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 271.93 478.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 300.64 478.10 Td (from ) Tj ET Q q 0 0 0 rg BT 321.57 478.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 360.81 478.10 Td (bookings, ) Tj ET Q q 0 0 0 rg BT 401.47 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.40 478.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.33 478.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 442.32 478.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.22 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.71 478.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 506.95 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.22 478.10 Td (technology) Tj ET Q q 0 0 0 rg BT 560.01 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (telecom, ) Tj ET Q q 0 0 0 rg BT 86.15 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.09 466.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 128.35 466.10 Td (related ) Tj ET Q q 0 0 0 rg BT 158.05 466.10 Td (expenses.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 446.10 Td (Y) Tj ET Q q 0 0 0 rg BT 77.00 446.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 92.52 446.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 121.38 446.10 Td (December ) Tj ET Q q 0 0 0 rg BT 165.21 446.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 179.90 446.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.90 446.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.08 446.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 247.05 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.86 446.10 Td (Y) Tj ET Q q 0 0 0 rg BT 261.86 446.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 277.37 446.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 306.23 446.10 Td (December ) Tj ET Q q 0 0 0 rg BT 350.06 446.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.75 446.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.75 446.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.44 446.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.63 446.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 414.92 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.55 446.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 474.28 446.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 512.56 446.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 552.51 446.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td ($1) Tj ET Q q 0 0 0 rg BT 59.13 434.10 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 74.68 434.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 109.12 434.10 Td (or ) Tj ET Q q 0 0 0 rg BT 120.50 434.10 Td (43.9%, ) Tj ET Q q 0 0 0 rg BT 151.88 434.10 Td (for ) Tj ET Q q 0 0 0 rg BT 166.59 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.86 434.10 Td (year ) Tj ET Q q 0 0 0 rg BT 202.12 434.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 229.05 434.10 Td (December ) Tj ET Q q 0 0 0 rg BT 273.18 434.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 288.73 434.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 311.78 434.10 Td (as ) Tj ET Q q 0 0 0 rg BT 323.17 434.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 365.64 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.47 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.74 434.10 Td (same ) Tj ET Q q 0 0 0 rg BT 415.33 434.10 Td (period ) Tj ET Q q 0 0 0 rg BT 443.93 434.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.76 434.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 480.31 434.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 504.47 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.96 434.10 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.88 422.10 Td (as ) Tj ET Q q 0 0 0 rg BT 100.49 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.21 422.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 154.79 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.40 422.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 205.22 422.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 247.92 422.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.20 422.10 Td (1.4% ) Tj ET Q q 0 0 0 rg BT 285.31 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.92 422.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 338.00 422.10 Td (The ) Tj ET Q q 0 0 0 rg BT 356.83 422.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 392.87 422.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.93 422.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.42 422.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 442.14 422.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.86 422.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 503.69 422.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 543.07 422.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.52 410.10 Td (due ) Tj ET Q q 0 0 0 rg BT 104.76 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.34 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.58 410.10 Td ($6.1 ) Tj ET Q q 0 0 0 rg BT 139.89 410.10 Td (million ) Tj ET Q q 0 0 0 rg BT 170.58 410.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 205.14 410.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.72 410.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 249.01 410.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 289.69 410.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 325.65 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.89 410.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 390.90 410.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 448.25 410.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 486.15 410.10 Td (related ) Tj ET Q q 0 0 0 rg BT 515.16 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.74 410.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 93.90 398.10 Td (as ) Tj ET Q q 0 0 0 rg BT 105.54 398.10 Td (we ) Tj ET Q q 0 0 0 rg BT 120.51 398.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 158.25 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.33 398.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 193.19 398.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.83 398.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 232.57 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.32 398.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 294.17 398.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 346.35 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.43 398.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.18 398.10 Td (ef) Tj ET Q q 0 0 0 rg BT 377.77 398.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 395.51 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.60 398.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 442.66 398.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.30 398.10 Td (market ) Tj ET Q q 0 0 0 rg BT 490.37 398.10 Td (share ) Tj ET Q q 0 0 0 rg BT 514.77 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.52 398.10 Td (address ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.66 386.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 129.60 386.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.55 386.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.17 386.10 Td (software ) Tj ET Q q 0 0 0 rg BT 195.89 386.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 234.29 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.02 386.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 289.98 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.04 386.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 343.43 386.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.15 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.15 386.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 414.22 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.95 386.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 472.11 386.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 505.51 386.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 558.07 386.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 69.35 374.10 Td (million ) Tj ET Q q 0 0 0 rg BT 100.59 374.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 135.70 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.83 374.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 200.41 374.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 219.97 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.10 374.10 Td (our ) Tj ET Q q 0 0 0 rg BT 245.78 374.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 267.57 374.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 329.90 374.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 359.46 374.10 Td (from ) Tj ET Q q 0 0 0 rg BT 381.25 374.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 421.36 374.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 461.75 374.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.54 374.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 488.39 374.10 Td (million ) Tj ET Q q 0 0 0 rg BT 519.63 374.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.73 374.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 91.99 362.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 130.03 362.10 Td (as ) Tj ET Q q 0 0 0 rg BT 140.31 362.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.69 362.10 Td (result ) Tj ET Q q 0 0 0 rg BT 170.85 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.13 362.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.40 362.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 237.78 362.10 Td (ef) Tj ET Q q 0 0 0 rg BT 245.37 362.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 265.64 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.36 362.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 297.86 362.10 Td (our ) Tj ET Q q 0 0 0 rg BT 313.14 362.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 337.85 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.23 362.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 390.04 362.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 423.64 362.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.24 362.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.52 362.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 491.40 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.79 362.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.17 362.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 533.61 362.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.75 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.03 350.10 Td (technology) Tj ET Q q 0 0 0 rg BT 138.82 350.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.82 350.10 Td (telecom ) Tj ET Q q 0 0 0 rg BT 177.97 350.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 219.07 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.00 350.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 261.27 350.10 Td (related ) Tj ET Q q 0 0 0 rg BT 290.97 350.10 Td (expenses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 324.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 88.90 324.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 100.84 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.34 324.10 Td (Development) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 269.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 269.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 269.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 269.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 269.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 269.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 295.6 m 449 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 295.6 m 453 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 295.6 m 506 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 295.6 m 563 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 282.6 m 449 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 282.6 m 506 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 295.6 m 510 295.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 282.6 m 563 282.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 299.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 286.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 286.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 286.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 273.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 260.17 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 259.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 259.27 Td (58,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 259.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 259.27 Td (40,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 259.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 259.27 Td (28,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 245.17 Td (Research and development as a % of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 244.27 Td (16.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 244.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 244.27 Td (15.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 244.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 244.27 Td (17.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 244.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 220.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 220.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.15 220.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 121.15 220.10 Td (December ) Tj ET Q q 0 0 0 rg BT 164.12 220.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.94 220.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.94 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.26 220.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 243.36 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.37 220.10 Td (Y) Tj ET Q q 0 0 0 rg BT 257.37 220.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 272.02 220.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 300.02 220.10 Td (December ) Tj ET Q q 0 0 0 rg BT 342.98 220.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.81 220.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.81 220.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.63 220.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 418.60 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.36 220.10 Td (development ) Tj ET Q q 0 0 0 rg BT 487.33 220.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.76 220.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.51 220.10 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.18 208.10 Td ($18.1 ) Tj ET Q q 0 0 0 rg BT 85.37 208.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.26 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.45 208.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.46 208.10 Td (44.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.29 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 158.47 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.82 208.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.72 208.10 Td (year ) Tj ET Q q 0 0 0 rg BT 204.61 208.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 230.17 208.10 Td (December ) Tj ET Q q 0 0 0 rg BT 272.94 208.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.44 208.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.13 208.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.13 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.81 208.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 349.92 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.38 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.28 208.10 Td (same ) Tj ET Q q 0 0 0 rg BT 395.52 208.10 Td (period ) Tj ET Q q 0 0 0 rg BT 422.75 208.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.21 208.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.21 208.10 Td (. ) Tj ET Q q 0 0 0 rg BT 456.39 208.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 494.72 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.85 208.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.65 196.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.03 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.52 196.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 149.87 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.25 196.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.83 196.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.59 196.10 Td (d ) Tj ET Q q 0 0 0 rg BT 237.64 196.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.69 196.10 Td (0.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.52 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.57 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.95 196.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 322.89 196.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.48 196.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.24 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.29 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.11 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.38 196.10 Td (research ) Tj ET Q q 0 0 0 rg BT 434.74 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.22 196.10 Td (development ) Tj ET Q q 0 0 0 rg BT 504.92 196.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 543.07 196.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.18 184.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 117.20 184.10 Td (by ) Tj ET Q q 0 0 0 rg BT 129.68 184.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 164.63 184.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 205.98 184.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 242.60 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.52 184.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 309.19 184.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 367.21 184.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 405.78 184.10 Td (related ) Tj ET Q q 0 0 0 rg BT 435.45 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.70 184.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 485.93 184.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 529.50 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.41 184.10 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 172.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 106.70 172.10 Td (as ) Tj ET Q q 0 0 0 rg BT 117.53 172.10 Td (we ) Tj ET Q q 0 0 0 rg BT 131.69 172.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 168.63 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.90 172.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 205.29 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.57 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.40 172.10 Td (products ) Tj ET Q q 0 0 0 rg BT 268.34 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.28 172.10 Td (services.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 152.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 152.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.15 152.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 121.15 152.10 Td (December ) Tj ET Q q 0 0 0 rg BT 164.12 152.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.94 152.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.94 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.26 152.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 243.36 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.37 152.10 Td (Y) Tj ET Q q 0 0 0 rg BT 257.37 152.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 272.02 152.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 300.02 152.10 Td (December ) Tj ET Q q 0 0 0 rg BT 342.98 152.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.81 152.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.81 152.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.63 152.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 418.60 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.36 152.10 Td (development ) Tj ET Q q 0 0 0 rg BT 487.33 152.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 524.76 152.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.25 140.10 Td ($12.2 ) Tj ET Q q 0 0 0 rg BT 89.50 140.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 124.63 140.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.71 140.10 Td (43.3%, ) Tj ET Q q 0 0 0 rg BT 168.79 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 184.20 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.16 140.10 Td (year ) Tj ET Q q 0 0 0 rg BT 221.12 140.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 248.74 140.10 Td (December ) Tj ET Q q 0 0 0 rg BT 293.57 140.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 309.82 140.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 333.57 140.10 Td (as ) Tj ET Q q 0 0 0 rg BT 345.65 140.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 388.82 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.34 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.31 140.10 Td (same ) Tj ET Q q 0 0 0 rg BT 440.60 140.10 Td (period ) Tj ET Q q 0 0 0 rg BT 469.90 140.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.42 140.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 507.67 140.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 548.06 140.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.44 128.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 141.82 128.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.44 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.17 128.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 204.76 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.37 128.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 253.20 128.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 294.90 128.10 Td (by ) Tj ET Q q 0 0 0 rg BT 307.19 128.10 Td (1.6% ) Tj ET Q q 0 0 0 rg BT 330.31 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.92 128.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 381.08 128.10 Td (The ) Tj ET Q q 0 0 0 rg BT 398.92 128.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 433.96 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.02 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.53 128.10 Td (research ) Tj ET Q q 0 0 0 rg BT 494.12 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.85 128.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 89.40 116.10 Td (were ) Tj ET Q q 0 0 0 rg BT 112.63 116.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 153.64 116.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 182.98 116.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.78 116.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 233.06 116.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 275.74 116.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 313.69 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.93 116.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 382.93 116.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 442.27 116.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 482.17 116.10 Td (related ) Tj ET Q q 0 0 0 rg BT 513.17 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.75 116.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 92.35 104.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.44 104.10 Td (we ) Tj ET Q q 0 0 0 rg BT 115.86 104.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 152.05 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.59 104.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 187.24 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.78 104.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.87 104.10 Td (products ) Tj ET Q q 0 0 0 rg BT 248.06 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.26 104.10 Td (services ) Tj ET Q q 0 0 0 rg BT 298.23 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.42 104.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 352.85 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.39 104.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 405.24 104.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.44 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.02 104.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 474.56 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.76 104.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 531.40 104.10 Td (Returns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (acquisitions.) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 740.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 64.00 740.10 Td (General ) Tj ET Q q 0 0 0 rg BT 99.27 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.59 740.10 Td (Administrative) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 685.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 685.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 685.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 685.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 685.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 685.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 711.6 m 449 711.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 711.6 m 453 711.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 711.6 m 506 711.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 711.6 m 563 711.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 698.6 m 449 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 698.6 m 506 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 711.6 m 510 711.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 698.6 m 563 698.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 715.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 702.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 702.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 702.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.60 689.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 676.17 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 675.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 675.27 Td (71,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 675.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 675.27 Td (57,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 675.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 675.27 Td (39,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 661.17 Td (General and administrative as a % of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 660.27 Td (19.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 660.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 660.27 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 660.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 660.27 Td (24.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 660.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 636.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 636.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.12 636.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 121.08 636.10 Td (December ) Tj ET Q q 0 0 0 rg BT 164.01 636.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.80 636.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.80 636.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.09 636.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 243.15 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.13 636.10 Td (Y) Tj ET Q q 0 0 0 rg BT 257.13 636.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 271.74 636.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 299.70 636.10 Td (December ) Tj ET Q q 0 0 0 rg BT 342.64 636.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.42 636.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.42 636.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.21 636.10 Td (General ) Tj ET Q q 0 0 0 rg BT 413.15 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.87 636.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 487.37 636.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.75 636.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.51 636.10 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 624.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.49 624.10 Td ($14.1 ) Tj ET Q q 0 0 0 rg BT 89.97 624.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.86 624.10 Td (, ) Tj ET Q q 0 0 0 rg BT 125.35 624.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.67 624.10 Td (24.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.50 624.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.98 624.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.63 624.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.83 624.10 Td (year ) Tj ET Q q 0 0 0 rg BT 223.02 624.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 250.89 624.10 Td (December ) Tj ET Q q 0 0 0 rg BT 295.96 624.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.46 624.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.44 624.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.44 624.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.43 624.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.74 624.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 392.15 624.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.92 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.12 624.10 Td (same ) Tj ET Q q 0 0 0 rg BT 444.65 624.10 Td (period ) Tj ET Q q 0 0 0 rg BT 474.18 624.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.95 624.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.95 624.10 Td (. ) Tj ET Q q 0 0 0 rg BT 512.43 624.10 Td (General ) Tj ET Q q 0 0 0 rg BT 548.07 624.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 612.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.59 612.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 146.58 612.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.79 612.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.11 612.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 208.30 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.51 612.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.94 612.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.35 612.10 Td (d ) Tj ET Q q 0 0 0 rg BT 297.23 612.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.12 612.10 Td (2.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.95 612.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.83 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.05 612.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 381.83 612.10 Td (The ) Tj ET Q q 0 0 0 rg BT 399.27 612.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 433.90 612.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.57 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.67 612.10 Td (general ) Tj ET Q q 0 0 0 rg BT 488.98 612.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.30 612.10 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 600.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.71 600.10 Td (was ) Tj ET Q q 0 0 0 rg BT 107.37 600.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 147.69 600.10 Td (due ) Tj ET Q q 0 0 0 rg BT 165.24 600.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.13 600.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.68 600.10 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 204.29 600.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.18 600.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.29 600.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.05 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.16 600.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.04 600.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 318.64 600.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 368.96 600.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 430.11 600.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.66 600.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 489.64 600.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 524.41 600.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 600.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 588.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.78 588.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 135.89 588.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.85 588.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 162.87 588.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.77 588.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.29 588.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 229.56 588.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.86 588.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 285.15 588.10 Td (services ) Tj ET Q q 0 0 0 rg BT 319.88 588.10 Td (related ) Tj ET Q q 0 0 0 rg BT 349.60 588.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.90 588.10 Td (system ) Tj ET Q q 0 0 0 rg BT 390.20 588.10 Td (upgrades, ) Tj ET Q q 0 0 0 rg BT 431.32 588.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.28 588.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 458.31 588.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.20 588.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.72 588.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 525.00 588.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 588.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 576.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 96.38 576.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 134.92 576.10 Td (due ) Tj ET Q q 0 0 0 rg BT 151.80 576.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.02 576.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 202.22 576.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 248.25 576.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.14 576.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.02 576.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 291.96 576.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.85 576.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.29 576.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 358.49 576.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.71 576.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 420.57 576.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.46 576.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 490.44 576.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 525.08 576.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.73 576.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 564.10 Td (release ) Tj ET Q q 0 0 0 rg BT 94.47 564.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.30 564.10 Td (new ) Tj ET Q q 0 0 0 rg BT 124.46 564.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 158.63 564.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.57 564.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 227.49 564.10 Td (related ) Tj ET Q q 0 0 0 rg BT 257.19 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.47 564.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 317.17 564.10 Td (software ) Tj ET Q q 0 0 0 rg BT 354.10 564.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 382.69 564.10 Td (into ) Tj ET Q q 0 0 0 rg BT 400.75 564.10 Td (service.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 544.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 544.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 93.12 544.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 121.08 544.10 Td (December ) Tj ET Q q 0 0 0 rg BT 164.01 544.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 177.80 544.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.80 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.09 544.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 243.15 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.13 544.10 Td (Y) Tj ET Q q 0 0 0 rg BT 257.13 544.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 271.74 544.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 299.70 544.10 Td (December ) Tj ET Q q 0 0 0 rg BT 342.64 544.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.42 544.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.42 544.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.21 544.10 Td (General ) Tj ET Q q 0 0 0 rg BT 413.15 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.87 544.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 487.37 544.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 524.75 544.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.49 532.10 Td ($17.9 ) Tj ET Q q 0 0 0 rg BT 89.97 532.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 125.35 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 137.67 532.10 Td (45.4%, ) Tj ET Q q 0 0 0 rg BT 169.98 532.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.63 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.83 532.10 Td (year ) Tj ET Q q 0 0 0 rg BT 223.02 532.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 250.89 532.10 Td (December ) Tj ET Q q 0 0 0 rg BT 295.96 532.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 312.44 532.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 336.43 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.74 532.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 392.15 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.92 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.12 532.10 Td (same ) Tj ET Q q 0 0 0 rg BT 444.65 532.10 Td (period ) Tj ET Q q 0 0 0 rg BT 474.18 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.95 532.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 512.43 532.10 Td (General ) Tj ET Q q 0 0 0 rg BT 548.07 532.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.59 520.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 146.58 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 156.79 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.11 520.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 208.30 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.51 520.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 255.94 520.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 297.23 520.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.12 520.10 Td (1.9% ) Tj ET Q q 0 0 0 rg BT 331.83 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.05 520.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 381.83 520.10 Td (The ) Tj ET Q q 0 0 0 rg BT 399.27 520.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 433.90 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.57 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.67 520.10 Td (general ) Tj ET Q q 0 0 0 rg BT 488.98 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.30 520.10 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.62 508.10 Td (was ) Tj ET Q q 0 0 0 rg BT 105.20 508.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 144.43 508.10 Td (due ) Tj ET Q q 0 0 0 rg BT 160.90 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.70 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.16 508.10 Td ($9.0 ) Tj ET Q q 0 0 0 rg BT 196.69 508.10 Td (million ) Tj ET Q q 0 0 0 rg BT 227.60 508.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 262.38 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.18 508.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 304.19 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.65 508.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 361.55 508.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 395.23 508.10 Td (related ) Tj ET Q q 0 0 0 rg BT 424.45 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.26 508.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 474.03 508.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 517.15 508.10 Td (from ) Tj ET Q q 0 0 0 rg BT 538.61 508.10 Td (hiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.16 496.10 Td (from ) Tj ET Q q 0 0 0 rg BT 89.81 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.25 496.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 147.34 496.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 181.67 496.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 231.27 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.92 496.10 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 259.64 496.10 Td (million ) Tj ET Q q 0 0 0 rg BT 291.75 496.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 327.72 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.72 496.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 389.14 496.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 447.90 496.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 483.33 496.10 Td (related ) Tj ET Q q 0 0 0 rg BT 513.75 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.74 496.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 93.37 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.59 484.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 163.84 484.10 Td (A) Tj ET Q q 0 0 0 rg BT 170.14 484.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 196.80 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.24 484.10 Td (which ) Tj ET Q q 0 0 0 rg BT 238.46 484.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 273.44 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 282.89 484.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 329.53 484.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.31 484.10 Td (an ) Tj ET Q q 0 0 0 rg BT 354.53 484.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 402.26 484.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 425.04 484.10 Td (over ) Tj ET Q q 0 0 0 rg BT 445.59 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.58 484.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 492.25 484.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 523.07 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 534.18 484.10 Td (well ) Tj ET Q q 0 0 0 rg BT 554.17 484.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.15 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.36 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.02 472.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 149.78 472.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 177.21 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.98 472.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 237.62 472.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 268.38 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 285.82 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.46 472.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 338.43 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.65 472.10 Td (vest, ) Tj ET Q q 0 0 0 rg BT 369.70 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.58 472.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 396.51 472.10 Td (million ) Tj ET Q q 0 0 0 rg BT 427.84 472.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 463.04 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.25 472.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 491.24 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.12 472.10 Td (utilities, ) Tj ET Q q 0 0 0 rg BT 543.06 472.10 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 71.18 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.71 460.10 Td (other ) Tj ET Q q 0 0 0 rg BT 112.34 460.10 Td (char) Tj ET Q q 0 0 0 rg BT 129.37 460.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 148.28 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.81 460.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 176.39 460.10 Td (million ) Tj ET Q q 0 0 0 rg BT 208.37 460.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 244.21 460.10 Td (related ) Tj ET Q q 0 0 0 rg BT 274.50 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.36 460.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 332.88 460.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 372.07 460.10 Td (due ) Tj ET Q q 0 0 0 rg BT 389.59 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.46 460.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 441.30 460.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 487.98 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.50 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.03 460.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 533.61 460.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.85 448.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.22 448.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 147.24 448.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 182.04 448.10 Td (related ) Tj ET Q q 0 0 0 rg BT 211.84 448.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 242.21 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.58 448.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.50 448.10 Td (new ) Tj ET Q q 0 0 0 rg BT 287.76 448.10 Td (of) Tj ET Q q 0 0 0 rg BT 295.91 448.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 313.49 448.10 Td (headquarters) Tj ET Q q 0 0 0 rg BT 367.16 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.76 448.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 392.90 448.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 421.32 448.10 Td (of) Tj ET Q q 0 0 0 rg BT 429.47 448.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 446.51 448.10 Td (by ) Tj ET Q q 0 0 0 rg BT 459.10 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.14 448.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 486.23 448.10 Td (million ) Tj ET Q q 0 0 0 rg BT 517.72 448.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.73 448.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 101.91 436.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 121.54 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.50 436.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 162.47 436.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 202.10 436.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 242.84 436.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.70 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.67 436.10 Td (result ) Tj ET Q q 0 0 0 rg BT 288.42 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.28 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.02 436.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 349.55 436.10 Td (received ) Tj ET Q q 0 0 0 rg BT 386.94 436.10 Td (from ) Tj ET Q q 0 0 0 rg BT 409.91 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.66 436.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 448.62 436.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 493.25 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.11 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.86 436.10 Td (arbitration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 96.42 424.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.70 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.42 424.10 Td (founder ) Tj ET Q q 0 0 0 rg BT 165.02 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.85 424.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 217.22 424.10 Td (CEO.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 398.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.33 398.10 Td (Income, ) Tj ET Q q 0 0 0 rg BT 121.76 398.10 Td (Net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 381.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 98.51 381.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 132.68 381.10 Td (net ) Tj ET Q q 0 0 0 rg BT 147.14 381.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 182.71 381.10 Td (imputed ) Tj ET Q q 0 0 0 rg BT 217.72 381.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 249.39 381.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 283.84 381.10 Td (related ) Tj ET Q q 0 0 0 rg BT 313.28 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.30 381.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 352.19 381.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 374.42 381.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 421.10 381.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.78 381.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 483.90 381.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 522.80 381.10 Td (liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.47 369.10 Td (income ) Tj ET Q q 0 0 0 rg BT 113.43 369.10 Td (from ) Tj ET Q q 0 0 0 rg BT 135.40 369.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 159.04 369.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 202.65 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.62 369.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 272.43 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.40 369.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 323.57 369.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 347.21 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.18 369.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 390.60 369.10 Td (on ) Tj ET Q q 0 0 0 rg BT 403.14 369.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 425.11 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.97 369.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 488.59 369.10 Td (The ) Tj ET Q q 0 0 0 rg BT 506.67 369.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 543.09 369.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 357.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.78 357.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 109.49 357.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.77 357.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.49 357.10 Td (years ) Tj ET Q q 0 0 0 rg BT 158.08 357.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 184.46 357.10 Td (December ) Tj ET Q q 0 0 0 rg BT 228.04 357.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.04 357.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 268.04 357.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 293.04 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.98 357.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.98 357.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 331.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 93.43 331.10 Td (T) Tj ET Q q 0 0 0 rg BT 98.07 331.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 314.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 105.20 314.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.14 314.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 158.64 314.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.69 314.10 Td ($18.8 ) Tj ET Q q 0 0 0 rg BT 192.90 314.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.80 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.51 314.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.01 314.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.01 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.73 314.10 Td (was ) Tj ET Q q 0 0 0 rg BT 272.00 314.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 310.93 314.10 Td (due ) Tj ET Q q 0 0 0 rg BT 327.09 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.59 314.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 373.30 314.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 395.57 314.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.28 314.10 Td (pretax ) Tj ET Q q 0 0 0 rg BT 433.99 314.10 Td (income ) Tj ET Q q 0 0 0 rg BT 465.14 314.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.19 314.10 Td ($56.6 ) Tj ET Q q 0 0 0 rg BT 499.41 314.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 314.10 Td (. ) Tj ET Q q 0 0 0 rg BT 532.52 314.10 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.54 302.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 103.15 302.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.31 302.10 Td ($12.2 ) Tj ET Q q 0 0 0 rg BT 137.64 302.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.53 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.35 302.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.96 302.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.96 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.79 302.10 Td (was ) Tj ET Q q 0 0 0 rg BT 217.17 302.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 256.21 302.10 Td (due ) Tj ET Q q 0 0 0 rg BT 272.47 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.08 302.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 318.90 302.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 341.28 302.10 Td (on ) Tj ET Q q 0 0 0 rg BT 353.10 302.10 Td (pretax ) Tj ET Q q 0 0 0 rg BT 379.92 302.10 Td (income ) Tj ET Q q 0 0 0 rg BT 411.18 302.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.34 302.10 Td ($34.5 ) Tj ET Q q 0 0 0 rg BT 445.66 302.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.56 302.10 Td (. ) Tj ET Q q 0 0 0 rg BT 478.88 302.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 510.70 302.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.74 302.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 290.10 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 80.33 290.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.22 290.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.72 290.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 290.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 290.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.50 290.10 Td (was ) Tj ET Q q 0 0 0 rg BT 162.55 290.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 202.26 290.10 Td (due ) Tj ET Q q 0 0 0 rg BT 219.20 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.48 290.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 266.98 290.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 290.02 290.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.52 290.10 Td (pretax ) Tj ET Q q 0 0 0 rg BT 330.01 290.10 Td (income ) Tj ET Q q 0 0 0 rg BT 361.94 290.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.77 290.10 Td ($21.6 ) Tj ET Q q 0 0 0 rg BT 397.77 290.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.66 290.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 273.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.43 273.10 Td (ef) Tj ET Q q 0 0 0 rg BT 99.01 273.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 128.59 273.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 143.18 273.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 160.54 273.10 Td (did ) Tj ET Q q 0 0 0 rg BT 175.69 273.10 Td (not ) Tj ET Q q 0 0 0 rg BT 190.85 273.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 243.21 273.10 Td (dif) Tj ET Q q 0 0 0 rg BT 254.14 273.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 267.61 273.10 Td (from ) Tj ET Q q 0 0 0 rg BT 289.43 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.02 273.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 341.39 273.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 371.52 273.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 388.88 273.10 Td (during ) Tj ET Q q 0 0 0 rg BT 417.36 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.95 273.10 Td (years ) Tj ET Q q 0 0 0 rg BT 455.42 273.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 481.67 273.10 Td (December ) Tj ET Q q 0 0 0 rg BT 525.13 273.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 273.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 273.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 261.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.98 261.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.39 261.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 261.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.87 261.10 Td (although ) Tj ET Q q 0 0 0 rg BT 155.84 261.10 Td (there ) Tj ET Q q 0 0 0 rg BT 178.80 261.10 Td (were ) Tj ET Q q 0 0 0 rg BT 201.20 261.10 Td (of) Tj ET Q q 0 0 0 rg BT 209.35 261.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 242.32 261.10 Td (dif) Tj ET Q q 0 0 0 rg BT 253.25 261.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 289.53 261.10 Td (between ) Tj ET Q q 0 0 0 rg BT 325.83 261.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.02 261.10 Td (ef) Tj ET Q q 0 0 0 rg BT 348.61 261.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 378.78 261.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 393.98 261.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 411.94 261.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.35 261.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 467.32 261.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 498.05 261.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 516.02 261.10 Td (due ) Tj ET Q q 0 0 0 rg BT 533.43 261.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.19 261.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 93.65 249.10 Td (items ) Tj ET Q q 0 0 0 rg BT 117.82 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.75 249.10 Td (state ) Tj ET Q q 0 0 0 rg BT 155.58 249.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 181.13 249.10 Td (of) Tj ET Q q 0 0 0 rg BT 189.28 249.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 206.21 249.10 Td (by ) Tj ET Q q 0 0 0 rg BT 218.71 249.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 252.87 249.10 Td (related ) Tj ET Q q 0 0 0 rg BT 282.57 249.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.85 249.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 323.10 249.10 Td (research ) Tj ET Q q 0 0 0 rg BT 358.91 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.85 249.10 Td (development ) Tj ET Q q 0 0 0 rg BT 430.00 249.10 Td (credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 232.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.41 232.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 130.99 232.10 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.89 232.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 214.01 232.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.01 232.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.37 232.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 246.24 232.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.13 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.50 232.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.64 232.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.64 232.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.51 232.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 352.63 232.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.63 232.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.99 232.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 384.86 232.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.75 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.11 232.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.26 232.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.26 232.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.12 232.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 491.24 232.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.24 232.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.61 232.10 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 523.48 232.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.37 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.73 232.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 220.10 Td (. ) Tj ET Q q 0 0 0 rg BT 73.41 220.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.05 220.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.00 220.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 123.96 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.25 220.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 169.76 220.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.72 220.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 214.45 220.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 256.50 220.10 Td (against ) Tj ET Q q 0 0 0 rg BT 286.34 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.08 220.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 334.90 220.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 348.64 220.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 373.49 220.10 Td (related ) Tj ET Q q 0 0 0 rg BT 402.21 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.50 220.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 440.23 220.10 Td (state ) Tj ET Q q 0 0 0 rg BT 460.07 220.10 Td (research ) Tj ET Q q 0 0 0 rg BT 494.89 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.85 220.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.38 208.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 96.20 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.08 208.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 155.95 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.94 208.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.04 208.10 Td (is ) Tj ET Q q 0 0 0 rg BT 203.38 208.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 243.25 208.10 Td (as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.58 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.24 208.10 Td (we ) Tj ET Q q 0 0 0 rg BT 268.57 208.10 Td (expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.33 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.77 208.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 344.30 208.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 386.95 208.10 Td (such ) Tj ET Q q 0 0 0 rg BT 407.95 208.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 437.27 208.10 Td (at ) Tj ET Q q 0 0 0 rg BT 447.15 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.25 208.10 Td (faster ) Tj ET Q q 0 0 0 rg BT 479.13 208.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 496.78 208.10 Td (than) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.99 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.66 208.10 Td (we ) Tj ET Q q 0 0 0 rg BT 530.98 208.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.85 208.10 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.03 196.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 87.77 196.10 Td (them) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.77 196.10 Td (. ) Tj ET Q q 0 0 0 rg BT 112.82 196.10 Td (W) Tj ET Q q 0 0 0 rg BT 121.46 196.10 Td (e ) Tj ET Q q 0 0 0 rg BT 128.65 196.10 Td (will ) Tj ET Q q 0 0 0 rg BT 146.96 196.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 184.14 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.67 196.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 221.86 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.83 196.10 Td (need ) Tj ET Q q 0 0 0 rg BT 258.46 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.87 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.06 196.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 320.03 196.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 363.31 196.10 Td (on ) Tj ET Q q 0 0 0 rg BT 376.06 196.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 412.12 196.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 427.09 196.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 453.17 196.10 Td (by ) Tj ET Q q 0 0 0 rg BT 465.92 196.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 510.32 196.10 Td (both ) Tj ET Q q 0 0 0 rg BT 530.85 196.10 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.08 184.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 102.09 184.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 139.77 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.90 184.10 Td (may ) Tj ET Q q 0 0 0 rg BT 176.26 184.10 Td (exist. ) Tj ET Q q 0 0 0 rg BT 199.32 184.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 218.68 184.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 264.70 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.62 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.98 184.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 324.43 184.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 338.78 184.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 360.36 184.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 399.72 184.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 442.39 184.10 Td (will ) Tj ET Q q 0 0 0 rg BT 460.09 184.10 Td (be ) Tj ET Q q 0 0 0 rg BT 471.67 184.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 508.78 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.70 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.06 184.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.32 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 104.48 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.20 172.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 151.14 172.10 Td (that ) Tj ET Q q 0 0 0 rg BT 168.63 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.35 172.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 229.73 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 238.90 172.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 286.38 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.66 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 308.60 172.10 Td (required.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 92.02 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.64 146.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 144.81 146.10 Td (Resour) Tj ET Q q 0 0 0 rg BT 175.18 146.10 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 129.10 Td (As ) Tj ET Q q 0 0 0 rg BT 88.14 129.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.99 129.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 159.59 129.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.59 129.10 Td (, ) Tj ET Q q 0 0 0 rg BT 185.62 129.10 Td (we ) Tj ET Q q 0 0 0 rg BT 200.80 129.10 Td (had ) Tj ET Q q 0 0 0 rg BT 218.76 129.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 242.55 129.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 263.84 129.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 315.40 129.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.36 129.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 378.54 129.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 429.84 129.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.69 129.10 Td ($422.7 ) Tj ET Q q 0 0 0 rg BT 472.71 129.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.60 129.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.12 129.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.08 129.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 101.09 117.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.24 117.10 Td ($45.9 ) Tj ET Q q 0 0 0 rg BT 139.56 117.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.45 117.10 Td (. ) Tj ET Q q 0 0 0 rg BT 174.49 117.10 Td (This ) Tj ET Q q 0 0 0 rg BT 196.09 117.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 230.44 117.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 263.68 117.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 285.27 117.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 324.62 117.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.77 117.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 398.34 117.10 Td ($271.4 ) Tj ET Q q 0 0 0 rg BT 429.66 117.10 Td (million ) Tj ET Q q 0 0 0 rg BT 462.37 117.10 Td (from ) Tj ET Q q 0 0 0 rg BT 485.63 117.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.66 117.10 Td (public ) Tj ET Q q 0 0 0 rg BT 530.48 117.10 Td (of) Tj ET Q q 0 0 0 rg BT 538.63 117.10 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 93.54 105.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.18 105.10 Td (August ) Tj ET Q q 0 0 0 rg BT 134.46 105.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 156.84 105.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.56 105.10 Td (3,162,500 ) Tj ET Q q 0 0 0 rg BT 209.95 105.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 237.33 105.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.05 105.10 Td (common ) Tj ET Q q 0 0 0 rg BT 285.43 105.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 311.42 105.10 Td (net ) Tj ET Q q 0 0 0 rg BT 326.03 105.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.75 105.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 390.79 105.10 Td (discounts, ) Tj ET Q q 0 0 0 rg BT 433.46 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.28 105.10 Td (of) Tj ET Q q 0 0 0 rg BT 458.43 105.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 484.70 105.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 507.08 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.91 105.10 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.82 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.58 93.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 111.67 93.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 160.53 93.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 191.63 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.28 93.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 226.87 93.10 Td (money ) Tj ET Q q 0 0 0 rg BT 257.41 93.10 Td (market ) Tj ET Q q 0 0 0 rg BT 288.49 93.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 329.29 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.05 93.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 375.93 93.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 402.59 93.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 453.68 93.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 497.54 93.10 Td (with ) Tj ET Q q 0 0 0 rg BT 518.64 93.10 Td (an ) Tj ET Q q 0 0 0 rg BT 531.39 93.10 Td (original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 86.12 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.18 81.10 Td (three ) Tj ET Q q 0 0 0 rg BT 119.90 81.10 Td (months ) Tj ET Q q 0 0 0 rg BT 152.08 81.10 Td (or ) Tj ET Q q 0 0 0 rg BT 163.14 81.10 Td (less. ) Tj ET Q q 0 0 0 rg BT 183.38 81.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 205.56 81.10 Td (short ) Tj ET Q q 0 0 0 rg BT 228.29 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.46 81.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 287.63 81.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 338.14 81.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 368.65 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.71 81.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 400.23 81.10 Td (government ) Tj ET Q q 0 0 0 rg BT 450.73 81.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 477.07 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.24 81.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 514.76 81.10 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 80.32 69.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 123.08 69.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 163.33 69.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 189.72 69.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.66 69.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 256.11 69.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 302.46 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.29 69.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 344.68 69.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.62 69.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 404.11 69.10 Td (obligations.) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.23 740.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 118.76 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.42 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 150.40 740.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 183.73 740.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 205.65 740.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.08 740.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 274.78 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.88 740.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 334.19 740.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 383.62 740.10 Td (will ) Tj ET Q q 0 0 0 rg BT 400.83 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 411.93 740.10 Td (suf) Tj ET Q q 0 0 0 rg BT 423.97 740.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 451.17 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.61 740.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 480.59 740.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.90 740.10 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.23 728.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 127.30 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.70 728.10 Td (other ) Tj ET Q q 0 0 0 rg BT 166.22 728.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 185.96 728.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 240.13 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.75 728.10 Td (at ) Tj ET Q q 0 0 0 rg BT 262.94 728.10 Td (least ) Tj ET Q q 0 0 0 rg BT 283.23 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.42 728.10 Td (next ) Tj ET Q q 0 0 0 rg BT 316.60 728.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 328.57 728.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 362.34 728.10 Td (W) Tj ET Q q 0 0 0 rg BT 370.98 728.10 Td (e ) Tj ET Q q 0 0 0 rg BT 377.39 728.10 Td (may ) Tj ET Q q 0 0 0 rg BT 396.57 728.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 418.52 728.10 Td (into ) Tj ET Q q 0 0 0 rg BT 436.05 728.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 485.79 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.53 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.72 728.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 538.06 728.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.22 716.10 Td (require ) Tj ET Q q 0 0 0 rg BT 105.04 716.10 Td (us ) Tj ET Q q 0 0 0 rg BT 116.44 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.72 716.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 146.99 716.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 189.48 716.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 216.98 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.82 716.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 247.54 716.10 Td (financing. ) Tj ET Q q 0 0 0 rg BT 289.75 716.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 335.03 716.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 359.76 716.10 Td (may ) Tj ET Q q 0 0 0 rg BT 379.48 716.10 Td (not ) Tj ET Q q 0 0 0 rg BT 394.76 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.70 716.10 Td (available ) Tj ET Q q 0 0 0 rg BT 445.29 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 457.80 716.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 482.52 716.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 522.78 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.06 716.10 Td (us ) Tj ET Q q 0 0 0 rg BT 544.45 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 555.29 716.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (all.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 687.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 687.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 687.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 687.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 172.37 687.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 194.31 687.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.14 687.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 250.96 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.79 687.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 282.05 687.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 306.78 687.10 Td (data ) Tj ET Q q 0 0 0 rg BT 325.93 687.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.09 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.81 687.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 386.75 687.10 Td (presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 632.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 632.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 632.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 632.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 632.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 602.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 602.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 602.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 602.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 602.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 658.6 m 449 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 658.6 m 453 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 658.6 m 506 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 658.6 m 563 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 645.6 m 449 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 645.6 m 506 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 658.6 m 510 658.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 645.6 m 563 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 587.6 m 563 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 587.6 m 449 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 573.6 m 449 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 571.6 m 449 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 587.6 m 506 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 573.6 m 506 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 571.6 m 506 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 587.6 m 563 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 573.6 m 563 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 571.6 m 563 571.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 662.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 662.83 Td (Year ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 649.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 649.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 649.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 649.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 636.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 636.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 623.17 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 622.27 Td (102,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 622.27 Td (87,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 622.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 622.27 Td (40,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 608.17 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 607.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 607.32 Td (\(44,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 607.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 607.32 Td (\(66,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 607.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 607.32 Td (\(61,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 607.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 593.17 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 592.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 592.27 Td (288,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 592.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 592.32 Td (\(13,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 592.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 592.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 592.27 Td (13,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.17 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 577.27 Td (346,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 577.27 Td (7,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 577.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 577.32 Td (\(6,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 577.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 547.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 104.93 547.10 Td (Activities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 527.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 527.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 95.49 527.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 125.81 527.10 Td (December ) Tj ET Q q 0 0 0 rg BT 171.12 527.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.27 527.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.27 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.93 527.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 257.37 527.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.54 527.10 Td (Y) Tj ET Q q 0 0 0 rg BT 273.54 527.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 290.53 527.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 320.85 527.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.16 527.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.31 527.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.31 527.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.47 527.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 432.13 527.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 471.33 527.10 Td (by ) Tj ET Q q 0 0 0 rg BT 484.99 527.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.41 527.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 90.09 515.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.09 515.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.92 515.10 Td ($15.4 ) Tj ET Q q 0 0 0 rg BT 128.26 515.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.15 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.98 515.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.26 515.10 Td ($87.2 ) Tj ET Q q 0 0 0 rg BT 207.59 515.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.48 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.32 515.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.93 515.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.93 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.76 515.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.38 515.10 Td ($102.7 ) Tj ET Q q 0 0 0 rg BT 313.71 515.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.60 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.44 515.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.05 515.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.05 515.10 Td (. ) Tj ET Q q 0 0 0 rg BT 381.38 515.10 Td (In ) Tj ET Q q 0 0 0 rg BT 392.55 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.60 515.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 460.98 515.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 506.02 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.19 515.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.79 515.10 Td (flows, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.80 503.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 107.88 503.10 Td (by ) Tj ET Q q 0 0 0 rg BT 120.42 503.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.72 503.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 199.35 503.10 Td (is ) Tj ET Q q 0 0 0 rg BT 208.55 503.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 249.40 503.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.27 503.10 Td (net ) Tj ET Q q 0 0 0 rg BT 275.02 503.10 Td (income ) Tj ET Q q 0 0 0 rg BT 306.99 503.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 342.84 503.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.04 503.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 395.67 503.10 Td (items ) Tj ET Q q 0 0 0 rg BT 419.87 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.84 503.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 471.58 503.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.90 503.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 522.20 503.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.06 503.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 91.48 491.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 108.19 491.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.89 491.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 179.91 491.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.91 491.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.18 491.10 Td ($15.5 ) Tj ET Q q 0 0 0 rg BT 216.95 491.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.84 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.10 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.03 491.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.52 491.10 Td (year ) Tj ET Q q 0 0 0 rg BT 295.99 491.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 322.13 491.10 Td (December ) Tj ET Q q 0 0 0 rg BT 365.48 491.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.98 491.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.25 491.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.25 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.52 491.10 Td (as ) Tj ET Q q 0 0 0 rg BT 413.12 491.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 454.81 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.85 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.34 491.10 Td (same ) Tj ET Q q 0 0 0 rg BT 502.15 491.10 Td (period ) Tj ET Q q 0 0 0 rg BT 529.96 491.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 491.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 491.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.27 479.10 Td (net ) Tj ET Q q 0 0 0 rg BT 83.71 479.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 135.81 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.36 479.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 186.68 479.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.35 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.57 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.57 479.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.56 479.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 282.33 479.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.55 479.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 336.54 479.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.86 479.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 416.83 479.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.83 479.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.05 479.10 Td ($23.7 ) Tj ET Q q 0 0 0 rg BT 455.77 479.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.67 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.89 479.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.77 479.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.21 479.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.64 479.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.96 467.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.46 467.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.84 467.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.84 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.23 467.10 Td (as ) Tj ET Q q 0 0 0 rg BT 140.94 467.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 182.74 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.90 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.50 467.10 Td (same ) Tj ET Q q 0 0 0 rg BT 230.42 467.10 Td (period ) Tj ET Q q 0 0 0 rg BT 258.35 467.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.51 467.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.51 467.10 Td (. ) Tj ET Q q 0 0 0 rg BT 293.22 467.10 Td (The ) Tj ET Q q 0 0 0 rg BT 311.14 467.10 Td (net ) Tj ET Q q 0 0 0 rg BT 325.74 467.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 377.00 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.71 467.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 422.30 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.46 467.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.60 467.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 498.31 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.13 467.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.73 467.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.68 455.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 107.63 455.10 Td (by ) Tj ET Q q 0 0 0 rg BT 120.04 455.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.22 455.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.73 455.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 240.55 455.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.55 455.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.96 455.10 Td ($23.8 ) Tj ET Q q 0 0 0 rg BT 277.87 455.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.76 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.17 455.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.24 455.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.87 455.10 Td (year ) Tj ET Q q 0 0 0 rg BT 357.48 455.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 383.77 455.10 Td (December ) Tj ET Q q 0 0 0 rg BT 427.26 455.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.76 455.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.17 455.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.17 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.58 455.10 Td (as ) Tj ET Q q 0 0 0 rg BT 475.32 455.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 517.16 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.34 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.97 455.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 443.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.83 443.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.83 443.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 426.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.51 426.10 Td ($23.7 ) Tj ET Q q 0 0 0 rg BT 116.48 426.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.37 426.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.84 426.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.59 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.06 426.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.31 426.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.99 426.10 Td (net ) Tj ET Q q 0 0 0 rg BT 222.68 426.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 274.02 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.82 426.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 323.39 426.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.05 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.52 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.77 426.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 378.00 426.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 416.02 426.10 Td (by ) Tj ET Q q 0 0 0 rg BT 428.48 426.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 468.71 426.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 507.28 426.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.30 426.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.77 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.38 414.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.65 414.10 Td ($9.6 ) Tj ET Q q 0 0 0 rg BT 104.98 414.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.88 414.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.71 414.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.46 414.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.29 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.90 414.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 236.27 414.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.54 414.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 308.58 414.10 Td (software ) Tj ET Q q 0 0 0 rg BT 345.84 414.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 374.76 414.10 Td (into ) Tj ET Q q 0 0 0 rg BT 393.15 414.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 426.80 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.07 414.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 496.32 414.10 Td (from ) Tj ET Q q 0 0 0 rg BT 518.59 414.10 Td (data ) Tj ET Q q 0 0 0 rg BT 538.08 414.10 Td (center ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 98.57 402.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 140.69 402.10 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 204.76 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.56 402.10 Td (furniture ) Tj ET Q q 0 0 0 rg BT 262.90 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.70 402.10 Td (fixtures ) Tj ET Q q 0 0 0 rg BT 316.60 402.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 347.05 402.10 Td (into ) Tj ET Q q 0 0 0 rg BT 366.97 402.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 402.14 402.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.94 402.10 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 432.80 402.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.69 402.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.05 402.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.80 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.16 402.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.29 402.10 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.00 390.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 143.16 390.10 Td (due ) Tj ET Q q 0 0 0 rg BT 160.55 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.28 390.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 211.99 390.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 258.54 390.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.93 390.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 286.38 390.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.28 390.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.23 390.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 353.94 390.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.67 390.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 400.93 390.10 Td (income ) Tj ET Q q 0 0 0 rg BT 433.32 390.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 459.32 390.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.71 390.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 487.17 390.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.06 390.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.01 390.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.72 390.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 78.60 378.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 93.83 378.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 128.49 378.10 Td (from ) Tj ET Q q 0 0 0 rg BT 150.93 378.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 201.14 378.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 262.19 378.10 Td (of) Tj ET Q q 0 0 0 rg BT 270.34 378.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 287.78 378.10 Td (by ) Tj ET Q q 0 0 0 rg BT 300.79 378.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.23 378.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 328.74 378.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.63 378.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.64 378.10 Td (change ) Tj ET Q q 0 0 0 rg BT 391.96 378.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.74 378.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 441.84 378.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 490.95 378.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 509.51 378.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.52 378.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.33 366.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 112.25 366.10 Td (from ) Tj ET Q q 0 0 0 rg BT 134.19 366.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 195.57 366.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 231.38 366.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.66 366.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 349.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 109.98 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.81 349.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 159.62 349.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 184.99 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.47 349.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 240.74 349.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 274.44 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.26 349.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.74 349.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 349.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.42 349.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.46 349.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.84 349.10 Td ($23.8 ) Tj ET Q q 0 0 0 rg BT 376.38 349.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.27 349.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.32 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.14 349.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 436.96 349.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 474.55 349.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.59 349.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.40 349.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.26 337.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.45 337.10 Td (year ) Tj ET Q q 0 0 0 rg BT 92.64 337.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 118.50 337.10 Td (December ) Tj ET Q q 0 0 0 rg BT 161.56 337.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.06 337.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.04 337.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.04 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.02 337.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.33 337.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 249.73 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.49 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.68 337.10 Td (same ) Tj ET Q q 0 0 0 rg BT 296.21 337.10 Td (period ) Tj ET Q q 0 0 0 rg BT 323.73 337.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.49 337.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.49 337.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.97 337.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 375.50 337.10 Td (net ) Tj ET Q q 0 0 0 rg BT 389.70 337.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 426.66 337.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 469.72 337.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 502.23 337.10 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 543.08 337.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.28 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.29 325.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 120.58 325.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 165.47 325.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.70 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.15 325.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 227.38 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.06 325.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 274.40 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.97 325.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 308.64 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.32 325.10 Td (billing ) Tj ET Q q 0 0 0 rg BT 355.66 325.10 Td (activity) Tj ET Q q 0 0 0 rg BT 385.01 325.10 Td (, ) Tj ET Q q 0 0 0 rg BT 390.74 325.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.31 325.10 Td (customers) Tj ET Q q 0 0 0 rg BT 450.44 325.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.67 325.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 491.34 325.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 527.07 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.75 325.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (collections. ) Tj ET Q q 0 0 0 rg BT 99.48 313.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 149.39 313.10 Td (, ) Tj ET Q q 0 0 0 rg BT 154.02 313.10 Td (we ) Tj ET Q q 0 0 0 rg BT 167.82 313.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 218.25 313.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 248.15 313.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 278.62 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.53 313.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.00 313.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 341.12 313.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 384.33 313.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 417.00 313.10 Td (due ) Tj ET Q q 0 0 0 rg BT 433.57 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.49 313.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 483.38 313.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 517.16 313.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.95 313.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 313.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.84 301.10 Td (December ) Tj ET Q q 0 0 0 rg BT 119.39 301.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.89 301.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.35 301.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.35 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.81 301.10 Td (as ) Tj ET Q q 0 0 0 rg BT 167.60 301.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 209.49 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.73 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.41 301.10 Td (same ) Tj ET Q q 0 0 0 rg BT 257.42 301.10 Td (period ) Tj ET Q q 0 0 0 rg BT 285.43 301.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.67 301.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.67 301.10 Td (. ) Tj ET Q q 0 0 0 rg BT 320.45 301.10 Td (The ) Tj ET Q q 0 0 0 rg BT 338.46 301.10 Td (change ) Tj ET Q q 0 0 0 rg BT 369.24 301.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.48 301.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 411.93 301.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 450.49 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.39 301.10 Td (other ) Tj ET Q q 0 0 0 rg BT 490.40 301.10 Td (current ) Tj ET Q q 0 0 0 rg BT 521.18 301.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 546.97 301.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.92 289.10 Td (due ) Tj ET Q q 0 0 0 rg BT 105.57 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.55 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.98 289.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 158.30 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.84 289.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 209.37 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 223.24 289.10 Td (software ) Tj ET Q q 0 0 0 rg BT 259.88 289.10 Td (services ) Tj ET Q q 0 0 0 rg BT 294.29 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.94 289.10 Td (other ) Tj ET Q q 0 0 0 rg BT 333.70 289.10 Td (maintenance. ) Tj ET Q q 0 0 0 rg BT 388.77 289.10 Td (The ) Tj ET Q q 0 0 0 rg BT 406.53 289.10 Td (change ) Tj ET Q q 0 0 0 rg BT 437.05 289.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.04 289.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 482.03 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.67 289.10 Td (other ) Tj ET Q q 0 0 0 rg BT 521.43 289.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 546.97 289.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.18 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.19 277.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 116.19 277.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 151.73 277.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 202.31 277.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 240.64 277.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 283.98 277.10 Td (with ) Tj ET Q q 0 0 0 rg BT 303.99 277.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 349.00 277.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 370.68 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.25 277.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.82 277.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 435.83 277.10 Td (The ) Tj ET Q q 0 0 0 rg BT 453.62 277.10 Td (change ) Tj ET Q q 0 0 0 rg BT 484.17 277.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.19 277.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 531.42 277.10 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.35 265.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 99.84 265.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.69 265.10 Td (other ) Tj ET Q q 0 0 0 rg BT 139.65 265.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 179.27 265.10 Td (was ) Tj ET Q q 0 0 0 rg BT 197.23 265.10 Td (due ) Tj ET Q q 0 0 0 rg BT 214.08 265.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.27 265.10 Td (an ) Tj ET Q q 0 0 0 rg BT 236.12 265.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 271.28 265.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.47 265.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 339.42 265.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 361.83 265.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 405.33 265.10 Td (with ) Tj ET Q q 0 0 0 rg BT 425.52 265.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 465.69 265.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 509.19 265.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.93 265.10 Td (well ) Tj ET Q q 0 0 0 rg BT 539.56 265.10 Td (as ) Tj ET Q q 0 0 0 rg BT 550.30 265.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 77.05 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.82 253.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 128.24 253.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 166.90 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.77 253.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 222.54 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.75 253.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 265.11 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.99 253.10 Td (does ) Tj ET Q q 0 0 0 rg BT 300.75 253.10 Td (not ) Tj ET Q q 0 0 0 rg BT 314.97 253.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 341.94 253.10 Td (any ) Tj ET Q q 0 0 0 rg BT 357.81 253.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 401.46 253.10 Td (change ) Tj ET Q q 0 0 0 rg BT 431.22 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.43 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.09 253.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 480.51 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.27 253.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 522.80 253.10 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.10 241.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 103.90 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.72 241.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 151.08 241.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 185.77 241.10 Td (is ) Tj ET Q q 0 0 0 rg BT 195.49 241.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 235.75 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.02 241.10 Td (result ) Tj ET Q q 0 0 0 rg BT 276.28 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.66 241.10 Td (an ) Tj ET Q q 0 0 0 rg BT 300.15 241.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 335.95 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.77 241.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 369.26 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.64 241.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 432.57 241.10 Td (services ) Tj ET Q q 0 0 0 rg BT 467.82 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.31 241.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 514.47 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.85 241.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (payments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 209.10 Td (Y) Tj ET Q q 0 0 0 rg BT 78.50 209.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 95.49 209.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 125.81 209.10 Td (December ) Tj ET Q q 0 0 0 rg BT 171.12 209.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.27 209.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.27 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.93 209.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 257.37 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.54 209.10 Td (Y) Tj ET Q q 0 0 0 rg BT 273.54 209.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 290.53 209.10 Td (Ended ) Tj ET Q q 0 0 0 rg BT 320.85 209.10 Td (December ) Tj ET Q q 0 0 0 rg BT 366.16 209.10 Td (31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.31 209.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 402.31 209.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.47 209.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 432.13 209.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 471.33 209.10 Td (by ) Tj ET Q q 0 0 0 rg BT 484.99 209.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.41 209.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 90.19 197.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.19 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.13 197.10 Td ($46.6 ) Tj ET Q q 0 0 0 rg BT 128.56 197.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.46 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.39 197.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.77 197.10 Td ($40.6 ) Tj ET Q q 0 0 0 rg BT 208.21 197.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.03 197.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.75 197.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.75 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.69 197.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.40 197.10 Td ($87.2 ) Tj ET Q q 0 0 0 rg BT 309.84 197.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.73 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.67 197.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.38 197.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.38 197.10 Td (. ) Tj ET Q q 0 0 0 rg BT 377.82 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.76 197.10 Td (In ) Tj ET Q q 0 0 0 rg BT 392.02 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.18 197.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 460.66 197.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 505.81 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.07 197.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.78 197.10 Td (flows, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.80 185.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 107.88 185.10 Td (by ) Tj ET Q q 0 0 0 rg BT 120.42 185.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.72 185.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 199.35 185.10 Td (is ) Tj ET Q q 0 0 0 rg BT 208.55 185.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 249.40 185.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.27 185.10 Td (net ) Tj ET Q q 0 0 0 rg BT 275.02 185.10 Td (income ) Tj ET Q q 0 0 0 rg BT 306.99 185.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 342.84 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.04 185.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 395.67 185.10 Td (items ) Tj ET Q q 0 0 0 rg BT 419.87 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.84 185.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 471.58 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.90 185.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 522.20 185.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 548.06 185.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 91.72 173.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 108.67 173.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.60 173.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 180.86 173.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.86 173.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.37 173.10 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 213.37 173.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.26 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.77 173.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.93 173.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.66 173.10 Td (year ) Tj ET Q q 0 0 0 rg BT 293.37 173.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 319.75 173.10 Td (December ) Tj ET Q q 0 0 0 rg BT 363.34 173.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.84 173.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.34 173.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.34 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.85 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.68 173.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 453.61 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.89 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.62 173.10 Td (same ) Tj ET Q q 0 0 0 rg BT 501.67 173.10 Td (period ) Tj ET Q q 0 0 0 rg BT 529.72 173.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 173.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 173.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.27 161.10 Td (net ) Tj ET Q q 0 0 0 rg BT 83.71 161.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 135.81 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.36 161.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 186.68 161.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.35 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.57 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.57 161.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.56 161.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 282.33 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.55 161.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 336.54 161.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.86 161.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 416.83 161.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.83 161.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.05 161.10 Td ($10.8 ) Tj ET Q q 0 0 0 rg BT 455.77 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.67 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.89 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.77 161.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.21 161.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.64 161.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.86 149.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.36 149.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.63 149.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.63 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.90 149.10 Td (as ) Tj ET Q q 0 0 0 rg BT 140.50 149.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 182.20 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.25 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.74 149.10 Td (same ) Tj ET Q q 0 0 0 rg BT 229.56 149.10 Td (period ) Tj ET Q q 0 0 0 rg BT 257.37 149.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.42 149.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.42 149.10 Td (. ) Tj ET Q q 0 0 0 rg BT 292.20 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.30 149.10 Td (The ) Tj ET Q q 0 0 0 rg BT 312.12 149.10 Td (net ) Tj ET Q q 0 0 0 rg BT 326.61 149.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 377.77 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.37 149.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 422.85 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.90 149.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.93 149.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 498.53 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.25 149.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.73 149.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.76 137.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 107.80 137.10 Td (by ) Tj ET Q q 0 0 0 rg BT 120.29 137.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.55 137.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.14 137.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 239.39 137.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.39 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.88 137.10 Td ($28.3 ) Tj ET Q q 0 0 0 rg BT 276.87 137.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.76 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.26 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 322.41 137.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.12 137.10 Td (year ) Tj ET Q q 0 0 0 rg BT 356.82 137.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 383.19 137.10 Td (December ) Tj ET Q q 0 0 0 rg BT 426.77 137.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.27 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.76 137.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.76 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.25 137.10 Td (as ) Tj ET Q q 0 0 0 rg BT 475.07 137.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 516.99 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.26 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.97 137.10 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 125.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.83 125.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.83 125.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 104.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.51 104.10 Td ($10.8 ) Tj ET Q q 0 0 0 rg BT 116.48 104.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.37 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.84 104.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 183.06 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.31 104.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.99 104.10 Td (net ) Tj ET Q q 0 0 0 rg BT 222.68 104.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 274.02 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.82 104.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 323.39 104.10 Td (items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.05 104.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.52 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.77 104.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 378.00 104.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 416.02 104.10 Td (by ) Tj ET Q q 0 0 0 rg BT 428.48 104.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 468.71 104.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 507.28 104.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.30 104.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (due ) Tj ET Q q 0 0 0 rg BT 67.80 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.44 92.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.75 92.10 Td ($9.7 ) Tj ET Q q 0 0 0 rg BT 109.11 92.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.00 92.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.86 92.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.62 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.48 92.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.12 92.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 241.19 92.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 300.60 92.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 336.67 92.10 Td (due ) Tj ET Q q 0 0 0 rg BT 354.97 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.61 92.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 408.23 92.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 455.69 92.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.99 92.10 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 485.35 92.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.24 92.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.11 92.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.86 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.72 92.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 101.83 80.10 Td (from ) Tj ET Q q 0 0 0 rg BT 124.17 80.10 Td (data ) Tj ET Q q 0 0 0 rg BT 143.73 80.10 Td (center ) Tj ET Q q 0 0 0 rg BT 171.06 80.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 218.68 80.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 268.79 80.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 308.63 80.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 349.30 80.10 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 411.92 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.26 80.10 Td (furniture ) Tj ET Q q 0 0 0 rg BT 467.15 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.50 80.10 Td (fixtures ) Tj ET Q q 0 0 0 rg BT 517.95 80.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 546.95 80.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 82.40 68.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.92 68.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 108.50 68.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.39 68.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.48 68.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.23 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.31 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.17 68.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 236.79 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.21 68.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 289.28 68.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 314.69 68.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.10 68.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.62 68.10 Td (result ) Tj ET Q q 0 0 0 rg BT 355.92 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.34 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.64 68.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 426.60 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.55 68.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 471.41 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.93 68.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 528.89 68.10 Td (Returns, ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.78 740.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 75.13 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.02 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.86 740.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 140.46 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.08 740.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 185.23 740.10 Td (income ) Tj ET Q q 0 0 0 rg BT 216.50 740.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 241.39 740.10 Td (of) Tj ET Q q 0 0 0 rg BT 249.54 740.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 265.83 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 277.67 740.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.95 740.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 303.29 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.19 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.03 740.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 370.29 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.91 740.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 407.85 740.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 421.91 740.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 455.41 740.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 504.46 740.10 Td (compensation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 728.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.38 728.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 93.38 728.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.27 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.77 728.10 Td (change ) Tj ET Q q 0 0 0 rg BT 155.58 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.86 728.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 204.46 728.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 253.06 728.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 271.12 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.62 728.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 326.11 728.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.94 728.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 388.87 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 410.80 728.10 Td (MortgageCEO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 707.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 110.07 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.98 707.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 159.88 707.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 185.34 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.91 707.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 241.26 707.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 275.05 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.96 707.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.53 707.10 Td (net ) Tj ET Q q 0 0 0 rg BT 305.88 707.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 340.77 707.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.23 707.10 Td ($28.3 ) Tj ET Q q 0 0 0 rg BT 375.87 707.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.76 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.89 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.80 707.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 436.70 707.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 474.38 707.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.51 707.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.41 707.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.26 695.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.45 695.10 Td (year ) Tj ET Q q 0 0 0 rg BT 92.64 695.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 118.50 695.10 Td (December ) Tj ET Q q 0 0 0 rg BT 161.56 695.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.06 695.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.04 695.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.04 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.02 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.33 695.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 249.73 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.49 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.68 695.10 Td (same ) Tj ET Q q 0 0 0 rg BT 296.21 695.10 Td (period ) Tj ET Q q 0 0 0 rg BT 323.73 695.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.49 695.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.49 695.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.97 695.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 375.50 695.10 Td (net ) Tj ET Q q 0 0 0 rg BT 389.70 695.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 426.66 695.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 469.72 695.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 502.23 695.10 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 543.08 695.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.28 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.29 683.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 120.58 683.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 165.47 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 178.70 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.15 683.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 227.38 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.06 683.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 274.40 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.97 683.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 308.64 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.32 683.10 Td (billing ) Tj ET Q q 0 0 0 rg BT 355.66 683.10 Td (activity) Tj ET Q q 0 0 0 rg BT 385.01 683.10 Td (, ) Tj ET Q q 0 0 0 rg BT 390.74 683.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.31 683.10 Td (customers) Tj ET Q q 0 0 0 rg BT 450.44 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.67 683.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 491.34 683.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 527.07 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.75 683.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (collections.) Tj ET Q q 0 0 0 rg BT 97.64 671.10 Td (The ) Tj ET Q q 0 0 0 rg BT 115.50 671.10 Td (change ) Tj ET Q q 0 0 0 rg BT 146.13 671.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.23 671.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 188.53 671.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 226.94 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.70 671.10 Td (other ) Tj ET Q q 0 0 0 rg BT 266.56 671.10 Td (current ) Tj ET Q q 0 0 0 rg BT 297.19 671.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 322.84 671.10 Td (was ) Tj ET Q q 0 0 0 rg BT 340.71 671.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 380.23 671.10 Td (due ) Tj ET Q q 0 0 0 rg BT 396.99 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.08 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.62 671.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 450.04 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.69 671.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 501.33 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.31 671.10 Td (internal-use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (software. ) Tj ET Q q 0 0 0 rg BT 88.14 659.10 Td (The ) Tj ET Q q 0 0 0 rg BT 105.53 659.10 Td (change ) Tj ET Q q 0 0 0 rg BT 135.69 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.32 659.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 179.94 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.23 659.10 Td (other ) Tj ET Q q 0 0 0 rg BT 218.62 659.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 243.80 659.10 Td (was ) Tj ET Q q 0 0 0 rg BT 261.19 659.10 Td (due ) Tj ET Q q 0 0 0 rg BT 277.48 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.10 659.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 322.25 659.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 372.43 659.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 410.38 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.66 659.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 454.62 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.80 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.86 659.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 515.14 659.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.64 659.10 Td (internal-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (use ) Tj ET Q q 0 0 0 rg BT 66.21 647.10 Td (software. ) Tj ET Q q 0 0 0 rg BT 106.28 647.10 Td (The ) Tj ET Q q 0 0 0 rg BT 125.21 647.10 Td (change ) Tj ET Q q 0 0 0 rg BT 156.91 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.07 647.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 206.44 647.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 240.91 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.73 647.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 293.20 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.02 647.10 Td (other ) Tj ET Q q 0 0 0 rg BT 334.95 647.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 375.55 647.10 Td (was ) Tj ET Q q 0 0 0 rg BT 394.49 647.10 Td (due ) Tj ET Q q 0 0 0 rg BT 412.31 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.47 647.10 Td (an ) Tj ET Q q 0 0 0 rg BT 436.29 647.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 472.43 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.59 647.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 542.51 647.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.44 635.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.06 635.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 154.65 635.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 198.59 635.10 Td (as ) Tj ET Q q 0 0 0 rg BT 209.76 635.10 Td (well ) Tj ET Q q 0 0 0 rg BT 229.82 635.10 Td (as ) Tj ET Q q 0 0 0 rg BT 240.99 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.05 635.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 285.00 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.17 635.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 339.01 635.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 379.07 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.35 635.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 437.51 635.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.13 635.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 482.90 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.18 635.10 Td (does ) Tj ET Q q 0 0 0 rg BT 521.35 635.10 Td (not ) Tj ET Q q 0 0 0 rg BT 536.97 635.10 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 623.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 112.15 623.10 Td (change ) Tj ET Q q 0 0 0 rg BT 143.47 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.25 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.47 623.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 197.46 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.79 623.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 242.88 623.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 285.38 623.10 Td (The ) Tj ET Q q 0 0 0 rg BT 303.93 623.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 339.68 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.46 623.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 386.77 623.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 421.42 623.10 Td (is ) Tj ET Q q 0 0 0 rg BT 431.09 623.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 471.30 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.52 623.10 Td (result ) Tj ET Q q 0 0 0 rg BT 511.74 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.07 623.10 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.66 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.71 611.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 138.20 611.10 Td (following ) Tj ET Q q 0 0 0 rg BT 179.81 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.74 611.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 241.34 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.39 611.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 293.99 611.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 327.82 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.37 611.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 379.87 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.03 611.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 432.50 611.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.00 611.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 465.15 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.20 611.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 527.80 611.10 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 599.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 74.46 599.10 Td (by ) Tj ET Q q 0 0 0 rg BT 86.83 599.10 Td (a ) Tj ET Q q 0 0 0 rg BT 93.64 599.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 130.42 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.57 599.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 190.14 599.10 Td (software ) Tj ET Q q 0 0 0 rg BT 226.94 599.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 279.83 599.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.53 599.10 Td (more ) Tj ET Q q 0 0 0 rg BT 313.45 599.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 356.37 599.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 380.95 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.65 599.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 419.02 599.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 455.83 599.10 Td (which ) Tj ET Q q 0 0 0 rg BT 482.63 599.10 Td (does ) Tj ET Q q 0 0 0 rg BT 503.33 599.10 Td (not ) Tj ET Q q 0 0 0 rg BT 518.48 599.10 Td (include ) Tj ET Q q 0 0 0 rg BT 550.28 599.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 67.55 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.38 587.10 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 126.97 587.10 Td (maintenance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 561.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 100.47 561.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 544.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.79 544.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 128.18 544.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 168.59 544.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 208.42 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 231.04 544.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 271.99 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.06 544.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 327.23 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.40 544.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 389.13 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.20 544.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 455.21 544.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 498.38 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.44 544.10 Td (property ) Tj ET Q q 0 0 0 rg BT 548.06 544.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 93.63 532.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 136.65 532.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 158.56 532.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 193.80 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.49 532.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 237.06 532.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 286.18 532.10 Td (software\). ) Tj ET Q q 0 0 0 rg BT 328.36 532.10 Td (Purchases ) Tj ET Q q 0 0 0 rg BT 370.26 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.51 532.10 Td (property ) Tj ET Q q 0 0 0 rg BT 416.30 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.66 532.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 476.79 532.10 Td (may ) Tj ET Q q 0 0 0 rg BT 495.92 532.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 515.61 532.10 Td (from ) Tj ET Q q 0 0 0 rg BT 536.96 532.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.65 520.10 Td (period ) Tj ET Q q 0 0 0 rg BT 89.58 520.10 Td (due ) Tj ET Q q 0 0 0 rg BT 107.39 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.55 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.14 520.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 163.63 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.34 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.93 520.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 234.85 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.56 520.10 Td (our ) Tj ET Q q 0 0 0 rg BT 263.27 520.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 308.30 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.11 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.71 520.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 371.20 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.90 520.10 Td (our ) Tj ET Q q 0 0 0 rg BT 399.61 520.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 450.19 520.10 Td (software ) Tj ET Q q 0 0 0 rg BT 487.99 520.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 523.03 520.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 520.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td (capitalization. ) Tj ET Q q 0 0 0 rg BT 108.65 508.10 Td (W) Tj ET Q q 0 0 0 rg BT 117.28 508.10 Td (e ) Tj ET Q q 0 0 0 rg BT 124.72 508.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 144.94 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.72 508.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 193.15 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.93 508.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 239.69 508.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 290.46 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.24 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.46 508.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 360.00 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.33 508.10 Td (our ) Tj ET Q q 0 0 0 rg BT 387.66 508.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 432.32 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.76 508.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 487.19 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.52 508.10 Td (well ) Tj ET Q q 0 0 0 rg BT 518.74 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 530.07 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.28 508.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 94.20 496.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 142.25 496.10 Td (platform, ) Tj ET Q q 0 0 0 rg BT 181.68 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.62 496.10 Td (we ) Tj ET Q q 0 0 0 rg BT 212.78 496.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 240.28 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.55 496.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 287.49 496.10 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 324.99 496.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 361.36 496.10 Td (acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 479.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.19 479.10 Td (used ) Tj ET Q q 0 0 0 rg BT 117.21 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.68 479.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 167.04 479.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.83 479.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.85 479.10 Td ($44.6 ) Tj ET Q q 0 0 0 rg BT 242.05 479.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.94 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.63 479.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.98 479.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.89 479.10 Td (year ) Tj ET Q q 0 0 0 rg BT 322.79 479.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.36 479.10 Td (December ) Tj ET Q q 0 0 0 rg BT 393.13 479.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.63 479.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.33 479.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.33 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.02 479.10 Td (was ) Tj ET Q q 0 0 0 rg BT 449.26 479.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 489.16 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.07 479.10 Td (result ) Tj ET Q q 0 0 0 rg BT 528.98 479.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 479.10 Td ($25.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.50 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.38 467.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 143.58 467.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.35 467.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 198.88 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.32 467.10 Td (property) Tj ET Q q 0 0 0 rg BT 242.55 467.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.15 467.10 Td (including ) Tj ET Q q 0 0 0 rg BT 287.03 467.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 315.79 467.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 375.11 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.99 467.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.43 467.10 Td (new ) Tj ET Q q 0 0 0 rg BT 419.19 467.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 459.05 467.10 Td (headquarters, ) Tj ET Q q 0 0 0 rg BT 514.74 467.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.67 455.10 Td (bolster ) Tj ET Q q 0 0 0 rg BT 89.28 455.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.00 455.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 161.26 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.09 455.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 213.24 455.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.96 455.10 Td (system ) Tj ET Q q 0 0 0 rg BT 259.13 455.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 291.79 455.10 Td (, ) Tj ET Q q 0 0 0 rg BT 296.68 455.10 Td (reliability) Tj ET Q q 0 0 0 rg BT 334.91 455.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.80 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.63 455.10 Td (security) Tj ET Q q 0 0 0 rg BT 387.64 455.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.53 455.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.36 455.10 Td ($35.1 ) Tj ET Q q 0 0 0 rg BT 434.26 455.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.54 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.71 455.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 529.20 455.10 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.34 443.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 93.06 443.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 142.32 443.10 Td (software ) Tj ET Q q 0 0 0 rg BT 178.81 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.31 443.10 Td (website ) Tj ET Q q 0 0 0 rg BT 227.92 443.10 Td (applications, ) Tj ET Q q 0 0 0 rg BT 280.80 443.10 Td (including ) Tj ET Q q 0 0 0 rg BT 320.64 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.92 443.10 Td (development ) Tj ET Q q 0 0 0 rg BT 388.63 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.02 443.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.42 443.10 Td (next ) Tj ET Q q 0 0 0 rg BT 433.69 443.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 477.96 443.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 525.57 443.10 Td (platform. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 431.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.40 431.10 Td (we ) Tj ET Q q 0 0 0 rg BT 118.56 431.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 137.73 431.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.45 431.10 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 177.45 431.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.34 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.84 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.67 431.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 269.94 431.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.22 431.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 301.05 431.10 Td (these ) Tj ET Q q 0 0 0 rg BT 324.10 431.10 Td (expenditures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 414.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.19 414.10 Td (used ) Tj ET Q q 0 0 0 rg BT 117.21 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.68 414.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 167.04 414.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.83 414.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.85 414.10 Td ($66.3 ) Tj ET Q q 0 0 0 rg BT 242.05 414.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.94 414.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.63 414.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.98 414.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.89 414.10 Td (year ) Tj ET Q q 0 0 0 rg BT 322.79 414.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.36 414.10 Td (December ) Tj ET Q q 0 0 0 rg BT 393.13 414.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.63 414.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.33 414.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.33 414.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.02 414.10 Td (was ) Tj ET Q q 0 0 0 rg BT 449.26 414.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 489.16 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.07 414.10 Td (result ) Tj ET Q q 0 0 0 rg BT 528.98 414.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 414.10 Td ($52.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.49 402.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.25 402.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 138.77 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.20 402.10 Td (property ) Tj ET Q q 0 0 0 rg BT 187.17 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.71 402.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 250.02 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.55 402.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 290.65 402.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 327.06 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.94 402.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 372.69 402.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 422.99 402.10 Td (software ) Tj ET Q q 0 0 0 rg BT 460.52 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.05 402.10 Td (website ) Tj ET Q q 0 0 0 rg BT 511.70 402.10 Td (applications, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 390.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 110.59 390.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.42 390.10 Td ($16.4 ) Tj ET Q q 0 0 0 rg BT 146.41 390.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.31 390.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.80 390.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.96 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.68 390.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 248.05 390.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 281.66 390.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 330.54 390.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.68 390.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 355.62 390.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.90 390.10 Td (part ) Tj ET Q q 0 0 0 rg BT 383.94 390.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.44 390.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 416.44 390.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.33 390.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.83 390.10 Td (net ) Tj ET Q q 0 0 0 rg BT 462.54 390.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 500.57 390.10 Td (from ) Tj ET Q q 0 0 0 rg BT 522.51 390.10 Td (maturities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 378.10 Td (investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 361.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 95.90 361.10 Td (used ) Tj ET Q q 0 0 0 rg BT 116.64 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.82 361.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 165.89 361.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 204.40 361.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.13 361.10 Td ($61.2 ) Tj ET Q q 0 0 0 rg BT 240.04 361.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.93 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.33 361.10 Td (for ) Tj ET Q q 0 0 0 rg BT 285.40 361.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.02 361.10 Td (year ) Tj ET Q q 0 0 0 rg BT 319.63 361.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 345.91 361.10 Td (December ) Tj ET Q q 0 0 0 rg BT 389.40 361.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.90 361.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.31 361.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.31 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.71 361.10 Td (was ) Tj ET Q q 0 0 0 rg BT 444.67 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.29 361.10 Td (result ) Tj ET Q q 0 0 0 rg BT 483.91 361.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 361.10 Td ($19.8 ) Tj ET Q q 0 0 0 rg BT 519.55 361.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.44 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.85 361.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 91.66 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.72 349.10 Td (property ) Tj ET Q q 0 0 0 rg BT 139.33 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.50 349.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 201.45 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.62 349.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 241.35 349.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 277.40 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.91 349.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 322.29 349.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 372.23 349.10 Td (software ) Tj ET Q q 0 0 0 rg BT 409.39 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.56 349.10 Td (website ) Tj ET Q q 0 0 0 rg BT 459.84 349.10 Td (applications, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.39 349.10 Td ($6.8 ) Tj ET Q q 0 0 0 rg BT 533.62 349.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.42 337.10 Td (net ) Tj ET Q q 0 0 0 rg BT 73.78 337.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 115.35 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.82 337.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 178.24 337.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.15 337.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 238.62 337.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.09 337.10 Td ($28.1 ) Tj ET Q q 0 0 0 rg BT 273.73 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.63 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.77 337.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.35 337.10 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 340.99 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.88 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.03 337.10 Td (for ) Tj ET Q q 0 0 0 rg BT 385.83 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.72 337.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 434.64 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.22 337.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 512.24 337.10 Td (acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 325.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.16 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.10 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.82 325.10 Td (final ) Tj ET Q q 0 0 0 rg BT 154.64 325.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 174.64 325.10 Td (million ) Tj ET Q q 0 0 0 rg BT 206.03 325.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 242.97 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.80 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.51 325.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 307.67 325.10 Td (from ) Tj ET Q q 0 0 0 rg BT 329.61 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.32 325.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 390.71 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.54 325.10 Td (Del ) Tj ET Q q 0 0 0 rg BT 418.47 325.10 Td (Mar ) Tj ET Q q 0 0 0 rg BT 437.63 325.10 Td (Datatrac, ) Tj ET Q q 0 0 0 rg BT 476.50 325.10 Td (Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 299.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 104.92 299.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 282.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 116.19 282.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 154.98 282.10 Td (have ) Tj ET Q q 0 0 0 rg BT 176.56 282.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 216.47 282.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 256.38 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.40 282.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 287.87 282.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 326.11 282.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.24 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.15 282.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 398.60 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.63 282.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 433.43 282.10 Td (options ) Tj ET Q q 0 0 0 rg BT 465.58 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.71 282.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 524.83 282.10 Td (under ) Tj ET Q q 0 0 0 rg BT 550.30 282.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 90.57 270.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 113.88 270.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 151.61 270.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 171.02 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.66 270.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 215.96 270.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 230.37 270.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 264.22 270.10 Td (from ) Tj ET Q q 0 0 0 rg BT 285.86 270.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 335.26 270.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 395.50 270.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 429.34 270.10 Td (by ) Tj ET Q q 0 0 0 rg BT 441.54 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.96 270.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 496.48 270.10 Td (related ) Tj ET Q q 0 0 0 rg BT 525.88 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.85 270.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 72.19 258.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 121.84 258.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 171.75 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.78 258.10 Td (common ) Tj ET Q q 0 0 0 rg BT 220.48 258.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 244.30 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.44 258.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 276.37 258.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 317.40 258.10 Td (related ) Tj ET Q q 0 0 0 rg BT 347.31 258.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.79 258.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 385.49 258.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 423.19 258.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.56 258.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 465.81 258.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 505.72 258.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 529.53 258.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 554.19 258.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (RSUs. ) Tj ET Q q 0 0 0 rg BT 77.36 246.10 Td (In ) Tj ET Q q 0 0 0 rg BT 87.26 246.10 Td (August ) Tj ET Q q 0 0 0 rg BT 118.16 246.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 142.67 246.10 Td (we ) Tj ET Q q 0 0 0 rg BT 156.35 246.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 200.01 246.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.46 246.10 Td (public ) Tj ET Q q 0 0 0 rg BT 233.47 246.10 Td (of) Tj ET Q q 0 0 0 rg BT 241.62 246.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 267.51 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.85 246.10 Td (common ) Tj ET Q q 0 0 0 rg BT 314.86 246.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 337.98 246.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.44 246.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 373.12 246.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.57 246.10 Td (total ) Tj ET Q q 0 0 0 rg BT 399.36 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.70 246.10 Td (3,162,500 ) Tj ET Q q 0 0 0 rg BT 451.71 246.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 478.72 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.06 246.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.40 246.10 Td (common ) Tj ET Q q 0 0 0 rg BT 541.41 246.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (for ) Tj ET Q q 0 0 0 rg BT 65.13 234.10 Td (total ) Tj ET Q q 0 0 0 rg BT 86.87 234.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 108.61 234.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 148.11 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.41 234.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 222.14 234.10 Td ($271.4 ) Tj ET Q q 0 0 0 rg BT 253.61 234.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 288.97 234.10 Td (net ) Tj ET Q q 0 0 0 rg BT 305.16 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.45 234.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 373.08 234.10 Td (discounts, ) Tj ET Q q 0 0 0 rg BT 417.33 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.73 234.10 Td (of) Tj ET Q q 0 0 0 rg BT 443.88 234.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 471.73 234.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 495.70 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.10 234.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 554.17 234.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.89 222.10 Td ($13.2 ) Tj ET Q q 0 0 0 rg BT 135.01 222.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 169.03 222.10 Td (which ) Tj ET Q q 0 0 0 rg BT 196.10 222.10 Td (will ) Tj ET Q q 0 0 0 rg BT 214.28 222.10 Td (be ) Tj ET Q q 0 0 0 rg BT 226.35 222.10 Td (used ) Tj ET Q q 0 0 0 rg BT 247.30 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.59 222.10 Td (general ) Tj ET Q q 0 0 0 rg BT 293.64 222.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 334.02 222.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 374.70 222.10 Td (including ) Tj ET Q q 0 0 0 rg BT 415.10 222.10 Td (working ) Tj ET Q q 0 0 0 rg BT 451.06 222.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 482.83 222.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 504.90 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.97 222.10 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 91.53 210.10 Td (general ) Tj ET Q q 0 0 0 rg BT 124.38 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.24 210.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 202.88 210.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 235.74 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.61 210.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 283.68 210.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 338.21 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.07 210.10 Td (may ) Tj ET Q q 0 0 0 rg BT 376.72 210.10 Td (also ) Tj ET Q q 0 0 0 rg BT 396.25 210.10 Td (use ) Tj ET Q q 0 0 0 rg BT 413.01 210.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.88 210.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 453.19 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.95 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.59 210.10 Td (net ) Tj ET Q q 0 0 0 rg BT 496.24 210.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 535.20 210.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 210.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 96.07 198.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 109.59 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 120.60 198.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 167.17 198.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 180.14 198.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 235.87 198.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 274.67 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.69 198.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 330.60 198.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.28 198.10 Td (complement ) Tj ET Q q 0 0 0 rg BT 400.40 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 416.41 198.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 455.49 198.10 Td (In ) Tj ET Q q 0 0 0 rg BT 466.51 198.10 Td (May ) Tj ET Q q 0 0 0 rg BT 487.52 198.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 512.71 198.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.73 198.10 Td (board ) Tj ET Q q 0 0 0 rg BT 554.18 198.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 87.01 186.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 126.73 186.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.69 186.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 157.32 186.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 203.15 186.10 Td (program ) Tj ET Q q 0 0 0 rg BT 239.55 186.10 Td (under ) Tj ET Q q 0 0 0 rg BT 264.84 186.10 Td (which ) Tj ET Q q 0 0 0 rg BT 291.80 186.10 Td (we ) Tj ET Q q 0 0 0 rg BT 305.98 186.10 Td (are ) Tj ET Q q 0 0 0 rg BT 320.71 186.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 365.43 186.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.73 186.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 421.56 186.10 Td (up ) Tj ET Q q 0 0 0 rg BT 434.08 186.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.38 186.10 Td ($75.0 ) Tj ET Q q 0 0 0 rg BT 469.40 186.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.29 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.81 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.66 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.51 186.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.86 174.10 Td (over ) Tj ET Q q 0 0 0 rg BT 92.88 174.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.58 174.10 Td (36-month ) Tj ET Q q 0 0 0 rg BT 140.72 174.10 Td (period ) Tj ET Q q 0 0 0 rg BT 168.52 174.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 197.99 174.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.02 174.10 Td (May ) Tj ET Q q 0 0 0 rg BT 228.60 174.10 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.35 174.10 Td ($42.8 ) Tj ET Q q 0 0 0 rg BT 278.11 174.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.25 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.84 174.10 Td (which ) Tj ET Q q 0 0 0 rg BT 346.53 174.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 380.44 174.10 Td (available ) Tj ET Q q 0 0 0 rg BT 418.78 174.10 Td (as ) Tj ET Q q 0 0 0 rg BT 429.36 174.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.95 174.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 498.28 174.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.28 174.10 Td (. ) Tj ET Q q 0 0 0 rg BT 523.04 174.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 550.28 174.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 88.38 162.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 130.31 162.10 Td (may ) Tj ET Q q 0 0 0 rg BT 150.02 162.10 Td (be ) Tj ET Q q 0 0 0 rg BT 161.96 162.10 Td (made ) Tj ET Q q 0 0 0 rg BT 186.12 162.10 Td (from ) Tj ET Q q 0 0 0 rg BT 208.05 162.10 Td (time ) Tj ET Q q 0 0 0 rg BT 228.33 162.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.61 162.10 Td (time ) Tj ET Q q 0 0 0 rg BT 258.88 162.10 Td (on ) Tj ET Q q 0 0 0 rg BT 271.38 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.10 162.10 Td (open ) Tj ET Q q 0 0 0 rg BT 308.04 162.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 340.80 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.74 162.10 Td (will ) Tj ET Q q 0 0 0 rg BT 375.79 162.10 Td (be ) Tj ET Q q 0 0 0 rg BT 387.73 162.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 418.00 162.10 Td (from ) Tj ET Q q 0 0 0 rg BT 439.94 162.10 Td (available ) Tj ET Q q 0 0 0 rg BT 478.53 162.10 Td (working ) Tj ET Q q 0 0 0 rg BT 514.36 162.10 Td (capital. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 145.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 95.50 145.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 133.06 145.10 Td (by ) Tj ET Q q 0 0 0 rg BT 145.06 145.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 184.83 145.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 222.93 145.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.27 145.10 Td ($288.5 ) Tj ET Q q 0 0 0 rg BT 262.77 145.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.66 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.67 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.33 145.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.55 145.10 Td (year ) Tj ET Q q 0 0 0 rg BT 340.76 145.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 366.64 145.10 Td (December ) Tj ET Q q 0 0 0 rg BT 409.73 145.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.23 145.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.24 145.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.24 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.24 145.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 485.46 145.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 524.68 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.01 145.10 Td ($271.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.32 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.02 133.10 Td (net ) Tj ET Q q 0 0 0 rg BT 107.17 133.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 145.63 133.10 Td (from ) Tj ET Q q 0 0 0 rg BT 167.99 133.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.60 133.10 Td (August ) Tj ET Q q 0 0 0 rg BT 215.42 133.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 238.35 133.10 Td (public ) Tj ET Q q 0 0 0 rg BT 266.27 133.10 Td (of) Tj ET Q q 0 0 0 rg BT 274.42 133.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 301.22 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.48 133.10 Td (3,162,500 ) Tj ET Q q 0 0 0 rg BT 355.40 133.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 383.32 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.58 133.10 Td (common ) Tj ET Q q 0 0 0 rg BT 432.50 133.10 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.03 133.10 Td ($17.3 ) Tj ET Q q 0 0 0 rg BT 484.46 133.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.35 133.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.28 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.98 133.10 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (from ) Tj ET Q q 0 0 0 rg BT 73.50 121.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 116.94 121.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 142.61 121.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 186.60 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.60 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.38 121.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 259.70 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.59 121.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 298.26 121.10 Td (options, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.77 121.10 Td ($10.2 ) Tj ET Q q 0 0 0 rg BT 361.84 121.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.73 121.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.29 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.63 121.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 438.29 121.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 455.07 121.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 491.29 121.10 Td (from ) Tj ET Q q 0 0 0 rg BT 515.29 121.10 Td (stock-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 110.36 109.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 146.51 109.10 Td (of) Tj ET Q q 0 0 0 rg BT 154.66 109.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 171.92 109.10 Td (by ) Tj ET Q q 0 0 0 rg BT 184.74 109.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 199.78 109.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 240.93 109.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.08 109.10 Td ($6.0 ) Tj ET Q q 0 0 0 rg BT 272.40 109.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.29 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.11 109.10 Td (related ) Tj ET Q q 0 0 0 rg BT 334.14 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.74 109.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 372.55 109.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 410.37 109.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.85 109.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 453.22 109.10 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 481.89 109.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 523.04 109.10 Td (on ) Tj ET Q q 0 0 0 rg BT 535.86 109.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 75.88 97.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.71 97.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 106.71 97.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.60 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.10 97.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.04 97.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 175.04 97.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.93 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.43 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.71 97.10 Td (common ) Tj ET Q q 0 0 0 rg BT 254.20 97.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 277.81 97.10 Td (repurchases.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 95.43 740.10 Td (used ) Tj ET Q q 0 0 0 rg BT 115.69 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.39 740.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 165.08 740.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 203.11 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.37 740.10 Td ($13.2 ) Tj ET Q q 0 0 0 rg BT 237.79 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.69 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.61 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 282.20 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.35 740.10 Td (year ) Tj ET Q q 0 0 0 rg BT 315.48 740.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 341.29 740.10 Td (December ) Tj ET Q q 0 0 0 rg BT 384.30 740.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.73 740.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.73 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.65 740.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 459.80 740.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 498.94 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.20 740.10 Td ($31.5 ) Tj ET Q q 0 0 0 rg BT 533.62 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.63 728.10 Td (common ) Tj ET Q q 0 0 0 rg BT 98.98 728.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 123.44 728.10 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 176.49 728.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 218.16 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 231.52 728.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 261.52 728.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 288.75 728.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.43 728.10 Td ($3.7 ) Tj ET Q q 0 0 0 rg BT 321.28 728.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.17 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.03 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.82 728.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.39 728.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 431.06 728.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.74 728.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 463.60 728.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.49 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.84 728.10 Td (related ) Tj ET Q q 0 0 0 rg BT 526.39 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.52 728.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 86.39 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.95 716.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 127.39 716.10 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 155.13 716.10 Td (of) Tj ET Q q 0 0 0 rg BT 163.28 716.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 179.61 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.29 716.10 Td (part ) Tj ET Q q 0 0 0 rg BT 206.73 716.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.63 716.10 Td ($14.2 ) Tj ET Q q 0 0 0 rg BT 243.02 716.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.92 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.81 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.49 716.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 320.92 716.10 Td (from ) Tj ET Q q 0 0 0 rg BT 342.25 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.37 716.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 391.02 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.24 716.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 424.25 716.10 Td (options ) Tj ET Q q 0 0 0 rg BT 455.59 716.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.93 716.10 Td ($1) Tj ET Q q 0 0 0 rg BT 481.55 716.10 Td (1.4 ) Tj ET Q q 0 0 0 rg BT 495.95 716.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.84 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.74 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.41 716.10 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.22 704.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 98.37 704.10 Td (from ) Tj ET Q q 0 0 0 rg BT 120.31 704.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 170.02 704.10 Td (compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 687.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.06 687.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.17 687.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.73 687.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 187.05 687.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 225.71 687.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.60 687.10 Td ($13.9 ) Tj ET Q q 0 0 0 rg BT 261.66 687.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.55 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.11 687.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.33 687.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.11 687.10 Td (year ) Tj ET Q q 0 0 0 rg BT 341.88 687.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.31 687.10 Td (December ) Tj ET Q q 0 0 0 rg BT 411.96 687.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.46 687.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.02 687.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.02 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.58 687.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 489.35 687.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 529.13 687.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 687.10 Td ($10.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.12 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.62 675.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 129.89 675.10 Td (from ) Tj ET Q q 0 0 0 rg BT 152.05 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.00 675.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 202.48 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.54 675.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 237.37 675.10 Td (options ) Tj ET Q q 0 0 0 rg BT 269.55 675.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.71 675.10 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 306.94 675.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.83 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.56 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.06 675.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 377.89 675.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.83 675.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 427.21 675.10 Td (from ) Tj ET Q q 0 0 0 rg BT 449.38 675.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 490.98 675.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 530.35 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.41 675.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 83.70 663.10 Td (of) Tj ET Q q 0 0 0 rg BT 91.85 663.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 108.53 663.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.56 663.10 Td (part ) Tj ET Q q 0 0 0 rg BT 136.35 663.10 Td (by ) Tj ET Q q 0 0 0 rg BT 148.60 663.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 163.06 663.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 203.64 663.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.21 663.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 233.96 663.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.85 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.10 663.10 Td (related ) Tj ET Q q 0 0 0 rg BT 294.55 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.58 663.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 331.81 663.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 369.06 663.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.96 663.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 410.76 663.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 450.21 663.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 473.56 663.10 Td (units ) Tj ET Q q 0 0 0 rg BT 495.26 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.95 663.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 552.52 663.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.65 651.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 105.03 651.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.86 651.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 135.86 651.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.75 651.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 625.10 Td (Off ) Tj ET Q q 0 0 0 rg BT 66.44 625.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 102.83 625.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 128.10 625.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 608.10 Td (As ) Tj ET Q q 0 0 0 rg BT 88.17 608.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.05 608.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 161.69 608.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.69 608.10 Td (, ) Tj ET Q q 0 0 0 rg BT 188.74 608.10 Td (we ) Tj ET Q q 0 0 0 rg BT 204.96 608.10 Td (had ) Tj ET Q q 0 0 0 rg BT 223.95 608.10 Td (no ) Tj ET Q q 0 0 0 rg BT 238.50 608.10 Td (of) Tj ET Q q 0 0 0 rg BT 246.65 608.10 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 288.40 608.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 313.50 608.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 371.91 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.91 608.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 433.22 608.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 461.65 608.10 Td (were ) Tj ET Q q 0 0 0 rg BT 485.64 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.41 608.10 Td (only ) Tj ET Q q 0 0 0 rg BT 524.74 608.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 105.86 596.10 Td (not ) Tj ET Q q 0 0 0 rg BT 121.14 596.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 156.96 596.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.46 596.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.29 596.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 238.33 596.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 275.81 596.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 553.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.00 553.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 143.58 553.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.58 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.58 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 184.41 553.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 231.33 553.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 268.27 553.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 315.21 553.10 Td (are ) Tj ET Q q 0 0 0 rg BT 329.92 553.10 Td (as ) Tj ET Q q 0 0 0 rg BT 340.75 553.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 482.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 482.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 482.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 482.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 482.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 482.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 482.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 482.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 482.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 482.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 452.60 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 452.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 452.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 452.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.00 452.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.00 452.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 452.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.00 452.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 452.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 452.60 57.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 522.6 m 315 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 522.6 m 320 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 522.6 m 377 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 522.6 m 382 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 522.6 m 439 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 522.6 m 444 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 522.6 m 501 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 522.6 m 506 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 522.6 m 563 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 497.6 m 315 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 497.6 m 320 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 497.6 m 377 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 497.6 m 382 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 497.6 m 439 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 497.6 m 444 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 522.6 m 501 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 497.6 m 501 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 497.6 m 506 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 522.6 m 563 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 497.6 m 563 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 437.6 m 377 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 437.6 m 439 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 437.6 m 315 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 423.6 m 315 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 421.6 m 315 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 437.6 m 377 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 423.6 m 377 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 421.6 m 377 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 437.6 m 439 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 423.6 m 439 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 421.6 m 439 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 437.6 m 501 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 423.6 m 501 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444 421.6 m 501 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 437.6 m 563 437.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 423.6 m 563 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 421.6 m 563 421.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 527.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.40 527.28 Td (Payment due by period \(as of December31, 2016\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 502.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.05 502.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.55 512.28 Td (Lessthan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 502.28 Td ( 1 year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.30 512.28 Td (1-3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.35 502.28 Td ( years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.30 512.28 Td (3-5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.35 502.28 Td ( years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.45 512.28 Td (Morethan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.60 502.28 Td ( 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 487.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.55 487.28 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 472.27 Td (Capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 472.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 472.27 Td (720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 472.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 472.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 472.27 Td (633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 472.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.50 472.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 472.27 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 472.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 472.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 472.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 472.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 472.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 457.27 Td (Operating lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 457.27 Td (94,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 457.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 457.27 Td (6,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 457.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 457.27 Td (20,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 457.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 457.27 Td (21,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 457.27 Td (45,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 442.27 Td (Purchase obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 442.27 Td (11,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 442.27 Td (6,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 442.27 Td (5,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 442.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 442.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 427.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.65 427.27 Td (106,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 427.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 427.27 Td (13,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 427.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 427.27 Td (26,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 427.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 427.27 Td (21,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 427.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 427.27 Td (45,483) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 406.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 110.87 406.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 157.58 406.10 Td (are ) Tj ET Q q 0 0 0 rg BT 172.05 406.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 215.42 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 235.46 406.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 283.26 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 300.52 406.10 Td (are ) Tj ET Q q 0 0 0 rg BT 315.00 406.10 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 363.90 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.61 406.10 Td (legally ) Tj ET Q q 0 0 0 rg BT 410.09 406.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 442.91 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.62 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.88 406.10 Td (specify ) Tj ET Q q 0 0 0 rg BT 508.02 406.10 Td (all ) Tj ET Q q 0 0 0 rg BT 520.29 406.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 76.43 394.10 Td (including: ) Tj ET Q q 0 0 0 rg BT 119.19 394.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 141.95 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.49 394.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 193.59 394.10 Td (services ) Tj ET Q q 0 0 0 rg BT 228.01 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.00 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 249.65 394.10 Td (used; ) Tj ET Q q 0 0 0 rg BT 272.97 394.10 Td (fixed, ) Tj ET Q q 0 0 0 rg BT 298.23 394.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 339.33 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.87 394.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 384.28 394.10 Td (price ) Tj ET Q q 0 0 0 rg BT 406.48 394.10 Td (provisions; ) Tj ET Q q 0 0 0 rg BT 453.14 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.79 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.21 394.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 536.41 394.10 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.89 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.17 382.10 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 125.61 382.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 164.77 382.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 212.28 382.10 Td (include ) Tj ET Q q 0 0 0 rg BT 244.77 382.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 308.35 382.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 355.83 382.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 403.34 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.06 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.34 382.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 471.94 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.34 382.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 510.29 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.79 382.10 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 84.50 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.17 370.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 142.27 370.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 182.54 370.10 Td (sponsorships, ) Tj ET Q q 0 0 0 rg BT 240.05 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.83 370.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 310.60 370.10 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 370.88 370.10 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 420.89 370.10 Td (under ) Tj ET Q q 0 0 0 rg BT 447.00 370.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 486.43 370.10 Td (that ) Tj ET Q q 0 0 0 rg BT 504.76 370.10 Td (we ) Tj ET Q q 0 0 0 rg BT 519.76 370.10 Td (can ) Tj ET Q q 0 0 0 rg BT 536.98 370.10 Td (cancel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (without ) Tj ET Q q 0 0 0 rg BT 82.56 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.50 358.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 134.21 358.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 166.14 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.85 358.10 Td (not ) Tj ET Q q 0 0 0 rg BT 196.13 358.10 Td (included ) Tj ET Q q 0 0 0 rg BT 233.06 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.34 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.05 358.10 Td (table ) Tj ET Q q 0 0 0 rg BT 279.99 358.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 308.87 358.10 Td (See ) Tj ET Q q 0 0 0 rg BT 325.80 358.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.74 358.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.74 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.24 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.07 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.79 358.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 406.62 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.90 358.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 472.17 358.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 511.88 358.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 332.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 142.63 332.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 315.10 Td (See ) Tj ET Q q 0 0 0 rg BT 89.64 315.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.79 315.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.79 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.49 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.52 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.44 315.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 171.48 315.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.96 315.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 237.44 315.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 277.35 315.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 323.94 315.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.30 315.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.45 315.10 Td (full ) Tj ET Q q 0 0 0 rg BT 362.04 315.10 Td (description ) Tj ET Q q 0 0 0 rg BT 409.18 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.21 315.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 447.34 315.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 493.91 315.10 Td (pronouncements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (including ) Tj ET Q q 0 0 0 rg BT 88.77 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.49 303.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 139.52 303.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 161.56 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.39 303.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 207.88 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.82 303.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 263.64 303.10 Td (ef) Tj ET Q q 0 0 0 rg BT 271.23 303.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 291.60 303.10 Td (on ) Tj ET Q q 0 0 0 rg BT 303.10 303.10 Td (results ) Tj ET Q q 0 0 0 rg BT 330.71 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.53 303.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 383.69 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.62 303.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.10 303.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 477.87 303.10 Td (which ) Tj ET Q q 0 0 0 rg BT 503.81 303.10 Td (is ) Tj ET Q q 0 0 0 rg BT 511.98 303.10 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 76.99 291.10 Td (by ) Tj ET Q q 0 0 0 rg BT 89.49 291.10 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 251.33 Td (ITEM7A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 251.33 Td (QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 229.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 229.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.15 229.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.93 229.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 139.28 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.63 229.10 Td (market ) Tj ET Q q 0 0 0 rg BT 179.97 229.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 201.44 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.79 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.59 229.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 263.04 229.10 Td (course ) Tj ET Q q 0 0 0 rg BT 291.71 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.62 229.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.52 229.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 357.31 229.10 Td (These ) Tj ET Q q 0 0 0 rg BT 383.76 229.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 405.23 229.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 445.01 229.10 Td (include ) Tj ET Q q 0 0 0 rg BT 477.02 229.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.03 229.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 526.59 229.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 548.06 229.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (inflation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 191.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 80.57 191.10 Td (est ) Tj ET Q q 0 0 0 rg BT 94.18 191.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 115.00 191.10 Td (Fluctuation ) Tj ET Q q 0 0 0 rg BT 164.16 191.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 174.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 174.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.08 174.10 Td (do ) Tj ET Q q 0 0 0 rg BT 101.58 174.10 Td (not ) Tj ET Q q 0 0 0 rg BT 116.85 174.10 Td (have ) Tj ET Q q 0 0 0 rg BT 138.23 174.10 Td (any ) Tj ET Q q 0 0 0 rg BT 155.17 174.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 197.10 174.10 Td (borrowings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 157.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.16 157.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 141.05 157.10 Td (include ) Tj ET Q q 0 0 0 rg BT 172.59 157.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 194.97 157.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.85 157.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 265.01 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.56 157.10 Td (both ) Tj ET Q q 0 0 0 rg BT 301.45 157.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 345.22 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.77 157.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 403.31 157.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 453.20 157.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.08 157.10 Td (investment-grade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 114.51 145.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 157.03 145.10 Td (such ) Tj ET Q q 0 0 0 rg BT 177.63 145.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.22 145.10 Td (money ) Tj ET Q q 0 0 0 rg BT 217.69 145.10 Td (market ) Tj ET Q q 0 0 0 rg BT 247.72 145.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 287.46 145.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 333.58 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.17 145.10 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 377.82 145.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 427.28 145.10 Td (paper) Tj ET Q q 0 0 0 rg BT 449.08 145.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.85 145.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 493.86 145.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 522.51 145.10 Td (municipal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.12 133.10 Td (government ) Tj ET Q q 0 0 0 rg BT 116.07 133.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 146.57 133.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 195.70 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.32 133.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 258.37 133.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 305.00 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.52 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.92 133.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 349.89 133.10 Td (government) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 133.10 Td (. ) Tj ET Q q 0 0 0 rg BT 402.18 133.10 Td (The ) Tj ET Q q 0 0 0 rg BT 419.91 133.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 453.75 133.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 492.58 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.10 133.10 Td (our ) Tj ET Q q 0 0 0 rg BT 518.61 133.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 87.69 121.10 Td (is ) Tj ET Q q 0 0 0 rg BT 96.44 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.31 121.10 Td (preserve ) Tj ET Q q 0 0 0 rg BT 142.26 121.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 179.89 121.10 Td (while ) Tj ET Q q 0 0 0 rg BT 204.19 121.10 Td (maximizing ) Tj ET Q q 0 0 0 rg BT 254.05 121.10 Td (income ) Tj ET Q q 0 0 0 rg BT 285.57 121.10 Td (without ) Tj ET Q q 0 0 0 rg BT 318.21 121.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 370.29 121.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 413.47 121.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 432.90 121.10 Td (W) Tj ET Q q 0 0 0 rg BT 441.54 121.10 Td (e ) Tj ET Q q 0 0 0 rg BT 448.06 121.10 Td (do ) Tj ET Q q 0 0 0 rg BT 460.15 121.10 Td (not ) Tj ET Q q 0 0 0 rg BT 475.02 121.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 497.09 121.10 Td (into ) Tj ET Q q 0 0 0 rg BT 514.73 121.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.79 109.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 94.74 109.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.70 109.10 Td (speculative ) Tj ET Q q 0 0 0 rg BT 153.31 109.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 193.99 109.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 212.18 109.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 262.58 109.10 Td (are ) Tj ET Q q 0 0 0 rg BT 277.42 109.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 312.81 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.22 109.10 Td (market ) Tj ET Q q 0 0 0 rg BT 353.61 109.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 371.24 109.10 Td (due ) Tj ET Q q 0 0 0 rg BT 388.31 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.72 109.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.79 109.10 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 451.74 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.14 109.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.21 109.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 518.21 109.10 Td (which ) Tj ET Q q 0 0 0 rg BT 545.28 109.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 97.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.40 97.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 122.34 97.10 Td (income ) Tj ET Q q 0 0 0 rg BT 154.27 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.21 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.93 97.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.30 97.10 Td (market ) Tj ET Q q 0 0 0 rg BT 232.57 97.10 Td (value ) Tj ET Q q 0 0 0 rg BT 256.72 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.55 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.38 97.10 Td (investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 80.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.92 80.10 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 133.09 80.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 167.59 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.12 80.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.30 80.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 228.92 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 80.10 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 261.58 80.10 Td (would ) Tj ET Q q 0 0 0 rg BT 288.33 80.10 Td (have ) Tj ET Q q 0 0 0 rg BT 308.95 80.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 342.35 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.88 80.10 Td (a ) Tj ET Q q 0 0 0 rg BT 358.06 80.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 394.22 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.75 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.71 80.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 433.34 80.10 Td (value ) Tj ET Q q 0 0 0 rg BT 456.74 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.82 80.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.89 80.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 527.52 80.10 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.39 68.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 80.44 68.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.33 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.89 68.10 Td (as ) Tj ET Q q 0 0 0 rg BT 122.78 68.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.66 68.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 192.30 68.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.30 68.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.17 68.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.28 68.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 285.05 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.38 68.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 311.81 68.10 Td (value ) Tj ET Q q 0 0 0 rg BT 336.02 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.91 68.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.80 68.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 409.23 68.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 446.79 68.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 474.87 68.10 Td (only ) Tj ET Q q 0 0 0 rg BT 495.21 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.98 68.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 535.30 68.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.67 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.73 56.10 Td (change ) Tj ET Q q 0 0 0 rg BT 106.89 56.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.51 56.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 149.79 56.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 174.01 56.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 199.62 56.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 241.34 56.10 Td (variables, ) Tj ET Q q 0 0 0 rg BT 282.77 56.10 Td (such ) Tj ET Q q 0 0 0 rg BT 303.95 56.10 Td (as ) Tj ET Q q 0 0 0 rg BT 315.12 56.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 342.96 56.10 Td (market ) Tj ET Q q 0 0 0 rg BT 373.57 56.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 423.62 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.90 56.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 475.95 56.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.58 56.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 519.40 56.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 545.01 56.10 Td (risk, ) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (could ) Tj ET Q q 0 0 0 rg BT 73.89 740.10 Td (result ) Tj ET Q q 0 0 0 rg BT 98.28 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.23 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.84 740.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 167.00 740.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 194.72 740.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 225.77 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.72 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.11 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 266.16 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 289.99 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.49 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 315.99 740.10 Td (net ) Tj ET Q q 0 0 0 rg BT 330.38 740.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 376.44 740.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 413.34 740.10 Td (For ) Tj ET Q q 0 0 0 rg BT 429.40 740.10 Td (further ) Tj ET Q q 0 0 0 rg BT 458.78 740.10 Td (information ) Tj ET Q q 0 0 0 rg BT 508.17 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.34 740.10 Td (how ) Tj ET Q q 0 0 0 rg BT 539.73 740.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 67.00 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.17 728.10 Td (factored ) Tj ET Q q 0 0 0 rg BT 111.42 728.10 Td (into ) Tj ET Q q 0 0 0 rg BT 129.48 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.20 728.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 183.91 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.74 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.57 728.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 256.95 728.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 294.45 728.10 Td (see ) Tj ET Q q 0 0 0 rg BT 309.71 728.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 728.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.15 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.98 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.70 728.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 390.53 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.81 728.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 456.08 728.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 495.79 728.10 Td (Statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 702.10 Td (Inflation ) Tj ET Q q 0 0 0 rg BT 98.44 702.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 685.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 685.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.88 685.10 Td (do ) Tj ET Q q 0 0 0 rg BT 101.19 685.10 Td (not ) Tj ET Q q 0 0 0 rg BT 116.28 685.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 147.46 685.10 Td (that ) Tj ET Q q 0 0 0 rg BT 164.76 685.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 200.96 685.10 Td (has ) Tj ET Q q 0 0 0 rg BT 216.59 685.10 Td (had ) Tj ET Q q 0 0 0 rg BT 233.34 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.09 685.10 Td (material ) Tj ET Q q 0 0 0 rg BT 275.16 685.10 Td (ef) Tj ET Q q 0 0 0 rg BT 282.74 685.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 300.04 685.10 Td (on ) Tj ET Q q 0 0 0 rg BT 312.35 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.98 685.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 366.68 685.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 403.97 685.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 444.06 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.69 685.10 Td (results ) Tj ET Q q 0 0 0 rg BT 483.11 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.75 685.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 540.21 685.10 Td (If ) Tj ET Q q 0 0 0 rg BT 549.18 685.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.40 673.10 Td (were ) Tj ET Q q 0 0 0 rg BT 94.73 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.41 673.10 Td (become ) Tj ET Q q 0 0 0 rg BT 139.41 673.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 170.64 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.32 673.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 226.43 673.10 Td (inflationary ) Tj ET Q q 0 0 0 rg BT 275.98 673.10 Td (pressures, ) Tj ET Q q 0 0 0 rg BT 318.60 673.10 Td (we ) Tj ET Q q 0 0 0 rg BT 333.16 673.10 Td (may ) Tj ET Q q 0 0 0 rg BT 353.28 673.10 Td (not ) Tj ET Q q 0 0 0 rg BT 368.96 673.10 Td (be ) Tj ET Q q 0 0 0 rg BT 381.30 673.10 Td (able ) Tj ET Q q 0 0 0 rg BT 400.85 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.53 673.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 433.32 673.10 Td (of) Tj ET Q q 0 0 0 rg BT 441.47 673.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 458.81 673.10 Td (such ) Tj ET Q q 0 0 0 rg BT 480.04 673.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 508.49 673.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 531.39 673.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (price ) Tj ET Q q 0 0 0 rg BT 71.99 661.10 Td (increases. ) Tj ET Q q 0 0 0 rg BT 113.63 661.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 131.68 661.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 167.51 661.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.34 661.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 206.94 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.21 661.10 Td (do ) Tj ET Q q 0 0 0 rg BT 229.71 661.10 Td (so ) Tj ET Q q 0 0 0 rg BT 241.11 661.10 Td (could ) Tj ET Q q 0 0 0 rg BT 265.82 661.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 288.87 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.70 661.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 343.59 661.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 381.07 661.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 421.35 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.28 661.10 Td (results ) Tj ET Q q 0 0 0 rg BT 466.89 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.72 661.10 Td (operations.) Tj ET Q endstream endobj 103 0 obj <><><><><><><><><><><><><><>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 737.23 Td (ITEM8.) 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Tj ET Q q 0 0 0 rg BT 84.72 572.05 Td (Those ) Tj ET Q q 0 0 0 rg BT 112.01 572.05 Td (standards ) Tj ET Q q 0 0 0 rg BT 152.63 572.05 Td (require ) Tj ET Q q 0 0 0 rg BT 183.80 572.05 Td (that ) Tj ET Q q 0 0 0 rg BT 201.65 572.05 Td (we ) Tj ET Q q 0 0 0 rg BT 216.17 572.05 Td (plan ) Tj ET Q q 0 0 0 rg BT 236.24 572.05 Td (and ) Tj ET Q q 0 0 0 rg BT 253.53 572.05 Td (perform ) Tj ET Q q 0 0 0 rg BT 288.59 572.05 Td (the ) Tj ET Q q 0 0 0 rg BT 303.66 572.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 326.51 572.05 Td (to ) Tj ET Q q 0 0 0 rg BT 337.14 572.05 Td (obtain ) Tj ET Q q 0 0 0 rg BT 364.99 572.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 410.60 572.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 452.32 572.05 Td (about ) Tj ET Q q 0 0 0 rg BT 477.39 572.05 Td (whether ) Tj ET Q q 0 0 0 rg BT 512.45 572.05 Td (the ) Tj ET Q q 0 0 0 rg BT 527.52 572.05 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.20 560.05 Td (are ) Tj ET Q q 0 0 0 rg BT 108.90 560.05 Td (free ) Tj ET Q q 0 0 0 rg BT 126.93 560.05 Td (of ) Tj ET Q q 0 0 0 rg BT 137.75 560.05 Td (material ) Tj ET Q q 0 0 0 rg BT 173.00 560.05 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 230.75 560.05 Td ( ) Tj ET Q q 0 0 0 rg BT 232.70 560.05 Td (An ) Tj ET Q q 0 0 0 rg BT 247.41 560.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 269.89 560.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 305.71 560.05 Td (examining, ) Tj ET Q q 0 0 0 rg BT 352.91 560.05 Td (on ) Tj ET Q q 0 0 0 rg BT 365.40 560.05 Td (a ) Tj ET Q q 0 0 0 rg BT 372.33 560.05 Td (test ) Tj ET Q q 0 0 0 rg BT 388.71 560.05 Td (basis, ) Tj ET Q q 0 0 0 rg BT 413.70 560.05 Td (evidence ) Tj ET Q q 0 0 0 rg BT 451.72 560.05 Td (supporting ) Tj ET Q q 0 0 0 rg BT 496.99 560.05 Td (the ) Tj ET Q q 0 0 0 rg BT 511.69 560.05 Td (amounts ) Tj ET Q q 0 0 0 rg BT 548.07 560.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.05 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 96.46 548.05 Td (in ) Tj ET Q q 0 0 0 rg BT 106.76 548.05 Td (the ) Tj ET Q q 0 0 0 rg BT 121.50 548.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.00 548.05 Td (statements. ) Tj ET Q q 0 0 0 rg BT 206.23 548.05 Td ( ) Tj ET Q q 0 0 0 rg BT 208.20 548.05 Td (An ) Tj ET Q q 0 0 0 rg BT 222.94 548.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 245.45 548.05 Td (also ) Tj ET Q q 0 0 0 rg BT 264.08 548.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 299.93 548.05 Td (assessing ) Tj ET Q q 0 0 0 rg BT 339.67 548.05 Td (the ) Tj ET Q q 0 0 0 rg BT 354.41 548.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 400.80 548.05 Td (principles ) Tj ET Q q 0 0 0 rg BT 442.76 548.05 Td (used ) Tj ET Q q 0 0 0 rg BT 463.61 548.05 Td (and ) Tj ET Q q 0 0 0 rg BT 480.57 548.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 525.30 548.05 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.05 Td (made ) Tj ET Q q 0 0 0 rg BT 74.24 536.05 Td (by ) Tj ET Q q 0 0 0 rg BT 87.33 536.05 Td (management, ) Tj ET Q q 0 0 0 rg BT 144.01 536.05 Td (as ) Tj ET Q q 0 0 0 rg BT 155.42 536.05 Td (well ) Tj ET Q q 0 0 0 rg BT 175.73 536.05 Td (as ) Tj ET Q q 0 0 0 rg BT 187.15 536.05 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 231.88 536.05 Td (the ) Tj ET Q q 0 0 0 rg BT 247.19 536.05 Td (overall ) Tj ET Q q 0 0 0 rg BT 278.04 536.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.11 536.05 Td (statement ) Tj ET Q q 0 0 0 rg BT 357.51 536.05 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 411.97 536.05 Td ( ) Tj ET Q q 0 0 0 rg BT 414.84 536.05 Td (W) Tj ET Q q 0 0 0 rg BT 423.48 536.05 Td (e ) Tj ET Q q 0 0 0 rg BT 431.00 536.05 Td (believe ) Tj ET Q q 0 0 0 rg BT 462.96 536.05 Td (that ) Tj ET Q q 0 0 0 rg BT 481.04 536.05 Td (our ) Tj ET Q q 0 0 0 rg BT 497.46 536.05 Td (audits ) Tj ET Q q 0 0 0 rg BT 524.44 536.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 558.07 536.05 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.75 524.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 117.25 524.05 Td (for ) Tj ET Q q 0 0 0 rg BT 131.41 524.05 Td (our ) Tj ET Q q 0 0 0 rg BT 147.24 524.05 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 503.05 Td (In ) Tj ET Q q 0 0 0 rg BT 84.55 503.05 Td (our ) Tj ET Q q 0 0 0 rg BT 100.60 503.05 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 136.38 503.05 Td (the ) Tj ET Q q 0 0 0 rg BT 151.31 503.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 204.57 503.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.27 503.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 287.21 503.05 Td (referred ) Tj ET Q q 0 0 0 rg BT 321.56 503.05 Td (to ) Tj ET Q q 0 0 0 rg BT 332.06 503.05 Td (above ) Tj ET Q q 0 0 0 rg BT 358.66 503.05 Td (present ) Tj ET Q q 0 0 0 rg BT 390.25 503.05 Td (fairly) Tj ET Q q 0 0 0 rg BT 411.26 503.05 Td (, ) Tj ET Q q 0 0 0 rg BT 416.48 503.05 Td (in ) Tj ET Q q 0 0 0 rg BT 426.98 503.05 Td (all ) Tj ET Q q 0 0 0 rg BT 439.69 503.05 Td (material ) Tj ET Q q 0 0 0 rg BT 475.17 503.05 Td (respects, ) Tj ET Q q 0 0 0 rg BT 512.60 503.05 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 503.05 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.05 Td (position ) Tj ET Q q 0 0 0 rg BT 84.35 491.05 Td (of ) Tj ET Q q 0 0 0 rg BT 95.30 491.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 116.81 491.05 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 139.70 491.05 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 157.59 491.05 Td (and ) Tj ET Q q 0 0 0 rg BT 174.66 491.05 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 224.50 491.05 Td (as ) Tj ET Q q 0 0 0 rg BT 235.45 491.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.40 491.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 305.11 491.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.11 491.05 Td ( ) Tj ET Q q 0 0 0 rg BT 327.73 491.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 491.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.80 491.05 Td (, ) Tj ET Q q 0 0 0 rg BT 369.92 491.05 Td (and ) Tj ET Q q 0 0 0 rg BT 386.98 491.05 Td (the ) Tj ET Q q 0 0 0 rg BT 401.82 491.05 Td (results ) Tj ET Q q 0 0 0 rg BT 430.55 491.05 Td (of ) Tj ET Q q 0 0 0 rg BT 441.51 491.05 Td (their ) Tj ET Q q 0 0 0 rg BT 462.46 491.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 506.73 491.05 Td (and ) Tj ET Q q 0 0 0 rg BT 523.80 491.05 Td (their ) Tj ET Q q 0 0 0 rg BT 544.75 491.05 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 75.09 479.05 Td (for ) Tj ET Q q 0 0 0 rg BT 90.12 479.05 Td (each ) Tj ET Q q 0 0 0 rg BT 111.81 479.05 Td (of ) Tj ET Q q 0 0 0 rg BT 123.51 479.05 Td (the ) Tj ET Q q 0 0 0 rg BT 139.10 479.05 Td (three ) Tj ET Q q 0 0 0 rg BT 162.45 479.05 Td (years ) Tj ET Q q 0 0 0 rg BT 186.92 479.05 Td (in ) Tj ET Q q 0 0 0 rg BT 198.07 479.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.66 479.05 Td (period ) Tj ET Q q 0 0 0 rg BT 242.58 479.05 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.82 479.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 329.28 479.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.28 479.05 Td (, ) Tj ET Q q 0 0 0 rg BT 355.15 479.05 Td (in ) Tj ET Q q 0 0 0 rg BT 366.30 479.05 Td (conformity ) Tj ET Q q 0 0 0 rg BT 414.10 479.05 Td (with ) Tj ET Q q 0 0 0 rg BT 435.25 479.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 482.49 479.05 Td (principles ) Tj ET Q q 0 0 0 rg BT 525.30 479.05 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.27 467.05 Td (in ) Tj ET Q q 0 0 0 rg BT 95.84 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 109.85 467.05 Td (United ) Tj ET Q q 0 0 0 rg BT 138.87 467.05 Td (States ) Tj ET Q q 0 0 0 rg BT 164.55 467.05 Td (of ) Tj ET Q q 0 0 0 rg BT 174.28 467.05 Td (America. ) Tj ET Q q 0 0 0 rg BT 213.00 467.05 Td ( ) Tj ET Q q 0 0 0 rg BT 214.40 467.05 Td (Also ) Tj ET Q q 0 0 0 rg BT 235.08 467.05 Td (in ) Tj ET Q q 0 0 0 rg BT 244.66 467.05 Td (our ) Tj ET Q q 0 0 0 rg BT 259.79 467.05 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 294.64 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 308.65 467.05 Td (related ) Tj ET Q q 0 0 0 rg BT 337.65 467.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.42 467.05 Td (statement ) Tj ET Q q 0 0 0 rg BT 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(material ) Tj ET Q q 0 0 0 rg BT 426.91 455.05 Td (respects, ) Tj ET Q q 0 0 0 rg BT 464.35 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 479.30 455.05 Td (information ) Tj ET Q q 0 0 0 rg BT 529.24 455.05 Td (set ) Tj ET Q q 0 0 0 rg BT 543.08 455.05 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.05 Td (therein.) 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Tj ET Q q 0 0 0 rg BT 63.61 410.05 Td (Company) Tj ET Q q 0 0 0 rg BT 105.27 410.05 Td (s ) Tj ET Q q 0 0 0 rg BT 111.05 410.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 143.48 410.05 Td (control ) Tj ET Q q 0 0 0 rg BT 173.70 410.05 Td (over ) Tj ET Q q 0 0 0 rg BT 193.35 410.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.22 410.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 268.77 410.05 Td (as ) Tj ET Q q 0 0 0 rg BT 278.98 410.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.20 410.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 347.18 410.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.18 410.05 Td (, ) Tj ET Q q 0 0 0 rg BT 371.56 410.05 Td (based ) Tj ET Q q 0 0 0 rg BT 396.22 410.05 Td (on ) Tj ET Q q 0 0 0 rg BT 408.11 410.05 Td (criteria ) Tj ET Q q 0 0 0 rg BT 438.31 410.05 Td (established ) Tj ET Q q 0 0 0 rg BT 484.63 410.05 Td (in ) Tj ET Q q 0 0 0 rg BT 494.30 410.05 Td (the ) Tj ET Q q 0 0 0 rg BT 508.40 410.05 Td (2013 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 530.29 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q 0 0 0 rg BT 49.50 386.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 386.05 Td (our ) Tj ET Q q 0 0 0 rg BT 82.27 386.05 Td (report ) Tj ET Q q 0 0 0 rg BT 108.65 386.05 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.80 386.05 Td (February21, ) Tj ET Q q 0 0 0 rg BT 186.40 386.05 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.40 386.05 Td ( ) Tj ET Q q 0 0 0 rg BT 208.90 386.05 Td (expressed ) Tj ET Q q 0 0 0 rg BT 250.83 386.05 Td (an ) Tj ET Q q 0 0 0 rg BT 262.77 386.05 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 310.81 386.05 Td (opinion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.35 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 61.45 320.35 Td (GRANT) Tj ET Q q 0 0 0 rg BT 95.71 320.35 Td ( ) Tj ET Q q 0 0 0 rg BT 98.03 320.35 Td (THORNT) Tj ET Q q 0 0 0 rg BT 138.40 320.35 Td (ON ) Tj ET Q q 0 0 0 rg BT 155.34 320.35 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.35 Td (San ) Tj ET Q q 0 0 0 rg BT 67.00 308.35 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 110.88 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(W) Tj ET Q q 0 0 0 rg BT 136.81 512.05 Td (e ) Tj ET Q q 0 0 0 rg BT 143.75 512.05 Td (believe ) Tj ET Q q 0 0 0 rg BT 175.13 512.05 Td (that ) Tj ET Q q 0 0 0 rg BT 192.62 512.05 Td (our ) Tj ET Q q 0 0 0 rg BT 208.45 512.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 230.95 512.05 Td (provides ) Tj ET Q q 0 0 0 rg BT 267.88 512.05 Td (a ) Tj ET Q q 0 0 0 rg BT 274.82 512.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 320.08 512.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 342.58 512.05 Td (for ) Tj ET Q q 0 0 0 rg BT 356.74 512.05 Td (our ) Tj ET Q q 0 0 0 rg BT 372.57 512.05 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 491.05 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 491.05 Td ( ) Tj ET Q q 0 0 0 rg BT 82.90 491.05 Td (company) Tj ET Q q 0 0 0 rg BT 122.33 491.05 Td (s ) Tj ET Q q 0 0 0 rg BT 128.95 491.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 162.22 491.05 Td (control ) Tj ET Q q 0 0 0 rg BT 193.27 491.05 Td (over ) Tj ET Q q 0 0 0 rg BT 213.76 491.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 251.47 491.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 290.85 491.05 Td (is ) Tj ET Q q 0 0 0 rg BT 300.25 491.05 Td (a ) Tj ET Q q 0 0 0 rg BT 307.41 491.05 Td (process ) Tj ET Q q 0 0 0 rg BT 340.13 491.05 Td (designed ) Tj ET Q q 0 0 0 rg BT 378.40 491.05 Td (to ) Tj ET Q q 0 0 0 rg BT 388.90 491.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 422.18 491.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 467.66 491.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 509.25 491.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 550.29 491.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.05 Td (reliability ) Tj ET Q q 0 0 0 rg BT 91.46 479.05 Td (of ) Tj ET Q q 0 0 0 rg BT 102.87 479.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.94 479.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 180.67 479.05 Td (and ) Tj ET Q q 0 0 0 rg BT 198.19 479.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.49 479.05 Td (preparation ) Tj ET Q q 0 0 0 rg BT 262.11 479.05 Td (of ) Tj ET Q q 0 0 0 rg BT 273.52 479.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.58 479.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 356.88 479.05 Td (for ) Tj ET Q q 0 0 0 rg BT 371.62 479.05 Td (external ) Tj ET Q q 0 0 0 rg BT 406.91 479.05 Td (purposes ) Tj ET Q q 0 0 0 rg BT 445.54 479.05 Td (in ) Tj ET Q q 0 0 0 rg BT 456.40 479.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 504.44 479.05 Td (with ) Tj ET Q q 0 0 0 rg BT 525.30 479.05 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.70 467.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 132.79 467.05 Td (principles. ) Tj ET Q q 0 0 0 rg BT 176.95 467.05 Td ( ) Tj ET Q q 0 0 0 rg BT 178.69 467.05 Td (A) Tj ET Q q 0 0 0 rg BT 185.36 467.05 Td ( ) Tj ET Q q 0 0 0 rg BT 187.58 467.05 Td (company) Tj ET Q q 0 0 0 rg BT 227.02 467.05 Td (s ) Tj ET Q q 0 0 0 rg BT 233.13 467.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 265.90 467.05 Td (control ) Tj ET Q q 0 0 0 rg BT 296.45 467.05 Td (over ) Tj ET Q q 0 0 0 rg BT 316.45 467.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 353.65 467.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 392.53 467.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 428.08 467.05 Td (those ) Tj ET Q q 0 0 0 rg BT 451.42 467.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 484.75 467.05 Td (and ) Tj ET Q q 0 0 0 rg BT 501.41 467.05 Td (procedures ) Tj ET Q q 0 0 0 rg BT 547.50 467.05 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.05 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.81 455.05 Td (pertain ) Tj ET Q q 0 0 0 rg BT 94.22 455.05 Td (to ) Tj ET Q q 0 0 0 rg BT 104.65 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 119.51 455.05 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 172.69 455.05 Td (of ) Tj ET Q q 0 0 0 rg BT 183.66 455.05 Td (records ) Tj ET Q q 0 0 0 rg BT 215.74 455.05 Td (that, ) Tj ET Q q 0 0 0 rg BT 235.88 455.05 Td (in ) Tj ET Q q 0 0 0 rg BT 246.31 455.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 291.71 455.05 Td (detail, ) Tj ET Q q 0 0 0 rg BT 319.07 455.05 Td (accurately ) Tj ET Q q 0 0 0 rg BT 362.80 455.05 Td (and ) Tj ET Q q 0 0 0 rg BT 379.89 455.05 Td (fairly ) Tj ET Q q 0 0 0 rg BT 404.19 455.05 Td (reflect ) Tj ET Q q 0 0 0 rg BT 432.37 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 447.23 455.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 497.65 455.05 Td (and ) Tj ET Q q 0 0 0 rg BT 514.73 455.05 Td (dispositions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.54 443.05 Td (the ) Tj ET Q q 0 0 0 rg BT 75.46 443.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 101.50 443.05 Td (of ) Tj ET Q q 0 0 0 rg BT 112.54 443.05 Td (the ) Tj ET Q q 0 0 0 rg BT 127.47 443.05 Td (company; ) Tj ET Q q 0 0 0 rg BT 169.61 443.05 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 183.98 443.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 217.24 443.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 262.70 443.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 304.28 443.05 Td (that ) Tj ET Q q 0 0 0 rg BT 321.98 443.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 372.45 443.05 Td (are ) Tj ET Q q 0 0 0 rg BT 387.37 443.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 425.05 443.05 Td (as ) Tj ET Q q 0 0 0 rg BT 436.09 443.05 Td (necessary ) Tj ET Q q 0 0 0 rg BT 477.67 443.05 Td (to ) Tj ET Q q 0 0 0 rg BT 488.16 443.05 Td (permit ) Tj ET Q q 0 0 0 rg BT 516.97 443.05 Td (preparation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.05 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 431.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.36 431.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 144.84 431.05 Td (in ) Tj ET Q q 0 0 0 rg BT 155.90 431.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 204.13 431.05 Td (with ) Tj ET Q q 0 0 0 rg BT 225.18 431.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 265.66 431.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 303.90 431.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 351.05 431.05 Td (principles, ) Tj ET Q q 0 0 0 rg BT 396.26 431.05 Td (and ) Tj ET Q q 0 0 0 rg BT 413.97 431.05 Td (that ) Tj ET Q q 0 0 0 rg BT 432.24 431.05 Td (receipts ) Tj ET Q q 0 0 0 rg BT 466.61 431.05 Td (and ) Tj ET Q q 0 0 0 rg BT 484.32 431.05 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 538.69 431.05 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 431.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.05 Td (company ) Tj ET Q q 0 0 0 rg BT 88.93 419.05 Td (are ) Tj ET Q q 0 0 0 rg BT 103.90 419.05 Td (being ) Tj ET Q q 0 0 0 rg BT 128.89 419.05 Td (made ) Tj ET Q q 0 0 0 rg BT 153.31 419.05 Td (only ) Tj ET Q q 0 0 0 rg BT 173.86 419.05 Td (in ) Tj ET Q q 0 0 0 rg BT 184.41 419.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 232.14 419.05 Td (with ) Tj ET Q q 0 0 0 rg BT 252.69 419.05 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 312.11 419.05 Td (of ) Tj ET Q q 0 0 0 rg BT 323.21 419.05 Td (management ) Tj ET Q q 0 0 0 rg BT 377.07 419.05 Td (and ) Tj ET Q q 0 0 0 rg BT 394.28 419.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 432.03 419.05 Td (of ) Tj ET Q q 0 0 0 rg BT 443.13 419.05 Td (the ) Tj ET Q q 0 0 0 rg BT 458.12 419.05 Td (company; ) Tj ET Q q 0 0 0 rg BT 500.32 419.05 Td (and ) Tj ET Q q 0 0 0 rg BT 517.53 419.05 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 531.96 419.05 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.98 407.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 136.58 407.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 177.62 407.05 Td (prevention ) Tj ET Q q 0 0 0 rg BT 223.11 407.05 Td (or ) Tj ET Q q 0 0 0 rg BT 234.17 407.05 Td (timely ) Tj ET Q q 0 0 0 rg BT 262.45 407.05 Td (detection ) Tj ET Q q 0 0 0 rg BT 301.83 407.05 Td (of ) Tj ET Q q 0 0 0 rg BT 312.89 407.05 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 367.82 407.05 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 416.93 407.05 Td (use, ) Tj ET Q q 0 0 0 rg BT 435.49 407.05 Td (or ) Tj ET Q q 0 0 0 rg BT 446.55 407.05 Td (disposition ) Tj ET Q q 0 0 0 rg BT 493.17 407.05 Td (of ) Tj ET Q q 0 0 0 rg BT 504.23 407.05 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 407.05 Td (company) Tj ET Q q 0 0 0 rg BT 558.61 407.05 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.33 395.05 Td (that ) Tj ET Q q 0 0 0 rg BT 92.83 395.05 Td (could ) Tj ET Q q 0 0 0 rg BT 117.54 395.05 Td (have ) Tj ET Q q 0 0 0 rg BT 138.92 395.05 Td (a ) Tj ET Q q 0 0 0 rg BT 145.86 395.05 Td (material ) Tj ET Q q 0 0 0 rg BT 181.12 395.05 Td (ef) Tj ET Q q 0 0 0 rg BT 188.70 395.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.19 395.05 Td (on ) Tj ET Q q 0 0 0 rg BT 218.69 395.05 Td (the ) Tj ET Q q 0 0 0 rg BT 233.41 395.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.89 395.05 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 374.05 Td (Because ) Tj ET Q q 0 0 0 rg BT 109.28 374.05 Td (of ) Tj ET Q q 0 0 0 rg BT 120.07 374.05 Td (its ) Tj ET Q q 0 0 0 rg BT 131.98 374.05 Td (inherent ) Tj ET Q q 0 0 0 rg BT 167.21 374.05 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 214.95 374.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 247.96 374.05 Td (control ) Tj ET Q q 0 0 0 rg BT 278.75 374.05 Td (over ) Tj ET Q q 0 0 0 rg BT 298.98 374.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 336.42 374.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 375.54 374.05 Td (may ) Tj ET Q q 0 0 0 rg BT 395.22 374.05 Td (not ) Tj ET Q q 0 0 0 rg BT 410.46 374.05 Td (prevent ) Tj ET Q q 0 0 0 rg BT 442.91 374.05 Td (or ) Tj ET Q q 0 0 0 rg BT 453.71 374.05 Td (detect ) Tj ET Q q 0 0 0 rg BT 480.04 374.05 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 541.12 374.05 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.05 Td (projections ) Tj ET Q q 0 0 0 rg BT 95.87 362.05 Td (of ) Tj ET Q q 0 0 0 rg BT 106.13 362.05 Td (any ) Tj ET Q q 0 0 0 rg BT 122.50 362.05 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 166.08 362.05 Td (of ) Tj ET Q q 0 0 0 rg BT 176.35 362.05 Td (ef) Tj ET Q q 0 0 0 rg BT 183.93 362.05 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 230.29 362.05 Td (to ) Tj ET Q q 0 0 0 rg BT 240.00 362.05 Td (future ) Tj ET Q q 0 0 0 rg BT 265.81 362.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.18 362.05 Td (are ) Tj ET Q q 0 0 0 rg BT 311.32 362.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.58 362.05 Td (to ) Tj ET Q q 0 0 0 rg BT 351.29 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 365.44 362.05 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.37 362.05 Td (that ) Tj ET Q q 0 0 0 rg BT 399.30 362.05 Td (controls ) Tj ET Q q 0 0 0 rg BT 433.45 362.05 Td (may ) Tj ET Q q 0 0 0 rg BT 452.60 362.05 Td (become ) Tj ET Q q 0 0 0 rg BT 485.63 362.05 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 530.87 362.05 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 350.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.04 350.05 Td (in ) Tj ET Q q 0 0 0 rg BT 105.32 350.05 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 151.98 350.05 Td (or ) Tj ET Q q 0 0 0 rg BT 162.81 350.05 Td (that ) Tj ET Q q 0 0 0 rg BT 180.31 350.05 Td (the ) Tj ET Q q 0 0 0 rg BT 195.02 350.05 Td (degree ) Tj ET Q q 0 0 0 rg BT 224.17 350.05 Td (of ) Tj ET Q q 0 0 0 rg BT 235.00 350.05 Td (compliance ) Tj ET Q q 0 0 0 rg BT 283.59 350.05 Td (with ) Tj ET Q q 0 0 0 rg BT 303.87 350.05 Td (the ) Tj ET Q q 0 0 0 rg BT 318.58 350.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.19 350.05 Td (or ) Tj ET Q q 0 0 0 rg BT 363.02 350.05 Td (procedures ) Tj ET Q q 0 0 0 rg BT 409.38 350.05 Td (may ) Tj ET Q q 0 0 0 rg BT 429.10 350.05 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 329.05 Td (In ) Tj ET Q q 0 0 0 rg BT 84.85 329.05 Td (our ) Tj ET Q q 0 0 0 rg BT 101.20 329.05 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 137.27 329.05 Td (the ) Tj ET Q q 0 0 0 rg BT 152.50 329.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.41 329.05 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 244.35 329.05 Td (in ) Tj ET Q q 0 0 0 rg BT 255.15 329.05 Td (all ) Tj ET Q q 0 0 0 rg BT 268.16 329.05 Td (material ) Tj ET Q q 0 0 0 rg BT 303.94 329.05 Td (respects, ) Tj ET Q q 0 0 0 rg BT 341.66 329.05 Td (ef) Tj ET Q q 0 0 0 rg BT 349.25 329.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 379.47 329.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 413.03 329.05 Td (control ) Tj ET Q q 0 0 0 rg BT 444.37 329.05 Td (over ) Tj ET Q q 0 0 0 rg BT 465.16 329.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 503.16 329.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 542.83 329.05 Td (as ) Tj ET Q q 0 0 0 rg BT 554.18 329.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.08 317.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 317.05 Td (, ) Tj ET Q q 0 0 0 rg BT 133.08 317.05 Td (based ) Tj ET Q q 0 0 0 rg BT 158.35 317.05 Td (on ) Tj ET Q q 0 0 0 rg BT 170.85 317.05 Td (criteria ) Tj ET Q q 0 0 0 rg BT 201.66 317.05 Td (established ) Tj ET Q q 0 0 0 rg BT 248.60 317.05 Td (in ) Tj ET Q q 0 0 0 rg BT 258.88 317.05 Td (the ) Tj ET Q q 0 0 0 rg BT 273.59 317.05 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.59 317.05 Td ( ) Tj ET Q q 0 0 0 rg BT 296.09 317.05 Td (Internal ) Tj ET Q q 0 0 0 rg BT 330.81 317.05 Td (Contr) Tj ET Q q 0 0 0 rg BT 353.78 317.05 Td (ol ) Tj ET Q q 0 0 0 rg BT 364.06 317.05 Td (- ) Tj ET Q q 0 0 0 rg BT 369.89 317.05 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 414.04 317.05 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.70 317.05 Td ( ) Tj ET Q q 0 0 0 rg BT 463.20 317.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 490.70 317.05 Td (by ) Tj ET Q q 0 0 0 rg BT 503.20 317.05 Td (COSO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 296.05 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 296.05 Td (e ) Tj ET Q q 0 0 0 rg BT 88.53 296.05 Td (also ) Tj ET Q q 0 0 0 rg BT 106.59 296.05 Td (have ) Tj ET Q q 0 0 0 rg BT 127.41 296.05 Td (audited, ) Tj ET Q q 0 0 0 rg BT 161.30 296.05 Td (in ) Tj ET Q q 0 0 0 rg BT 171.03 296.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 217.94 296.05 Td (with ) Tj ET Q q 0 0 0 rg BT 237.67 296.05 Td (the ) Tj ET Q q 0 0 0 rg BT 251.83 296.05 Td (standards ) Tj ET Q q 0 0 0 rg BT 291.55 296.05 Td (of ) Tj ET Q q 0 0 0 rg BT 301.83 296.05 Td (the ) Tj ET Q q 0 0 0 rg BT 316.00 296.05 Td (Public ) Tj ET Q q 0 0 0 rg BT 343.51 296.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.92 296.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 432.52 296.05 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 473.91 296.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 500.30 296.05 Td (\(United ) Tj ET Q q 0 0 0 rg BT 532.80 296.05 Td (States\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.05 Td (the ) Tj ET Q q 0 0 0 rg BT 65.17 284.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 119.17 284.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 157.61 284.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 203.28 284.05 Td (of ) Tj ET Q q 0 0 0 rg BT 215.07 284.05 Td (the ) Tj ET Q q 0 0 0 rg BT 230.74 284.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.08 284.05 Td (as ) Tj ET Q q 0 0 0 rg BT 284.87 284.05 Td (of ) Tj ET Q q 0 0 0 rg BT 296.66 284.05 Td (and ) Tj ET Q q 0 0 0 rg BT 314.55 284.05 Td (for ) Tj ET Q q 0 0 0 rg BT 329.67 284.05 Td (the ) Tj ET Q q 0 0 0 rg BT 345.34 284.05 Td (year ) Tj ET Q q 0 0 0 rg BT 366.01 284.05 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.34 284.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 452.88 284.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.88 284.05 Td (, ) Tj ET Q q 0 0 0 rg BT 478.84 284.05 Td (and ) Tj ET Q q 0 0 0 rg BT 496.74 284.05 Td (our ) Tj ET Q q 0 0 0 rg BT 513.52 284.05 Td (report ) Tj ET Q q 0 0 0 rg BT 540.86 284.05 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.05 Td (February21, ) Tj ET Q q 0 0 0 rg BT 103.10 272.05 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.10 272.05 Td ( ) Tj ET Q q 0 0 0 rg BT 125.60 272.05 Td (expressed ) Tj ET Q q 0 0 0 rg BT 167.53 272.05 Td (an ) Tj ET Q q 0 0 0 rg BT 179.47 272.05 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 227.51 272.05 Td (opinion ) Tj ET Q q 0 0 0 rg BT 260.56 272.05 Td (on ) Tj ET Q q 0 0 0 rg BT 273.06 272.05 Td (those ) Tj ET Q q 0 0 0 rg BT 296.67 272.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 334.15 272.05 Td (statements.) 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ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 539.17 Td (33,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 539.17 Td (21,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 525.07 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.15 524.17 Td (989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 524.17 Td (619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 524.17 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 510.07 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 509.17 Td (56,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 509.17 Td (34,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 509.17 Td (21,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.07 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 494.17 Td (18,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 494.17 Td (12,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 494.17 Td (6,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 480.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 479.17 Td (37,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 479.17 Td (22,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 479.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 479.17 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 465.07 Td (Net income per share of common stock:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 450.07 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 449.17 Td (1.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 449.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 449.17 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 435.07 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 434.17 Td (1.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 434.17 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 434.17 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 420.07 Td (Weighted average common shares used in computing net income per share of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 410.07 Td (common stock:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 395.07 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.10 394.17 Td (31,179,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 394.17 Td (29,179,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 394.17 Td (27,858,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 380.07 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.10 379.17 Td (32,799,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 379.17 Td (30,842,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 379.17 Td (29,593,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 351.07 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 350.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 350.17 Td (37,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 350.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 350.17 Td (22,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 350.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 350.17 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 336.07 Td (Other comprehensive income \(loss\), net of taxes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 321.07 Td (Unrealized gain \(loss\) on investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 320.17 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.80 320.22 Td (\(162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.15 320.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 320.22 Td (\(61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 320.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 306.07 Td (Comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 305.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 305.17 Td (37,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 305.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 305.17 Td (22,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 305.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 305.17 Td (14,762) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.00 281.80 Td (See accompanying notes to these consolidated financial statements.) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 33.60 Td (54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.85 560.25 Td (Ellie Mae, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.90 543.85 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 307.72 543.85 Td (TED ST) Tj ET Q q 0 0 0 rg BT 342.27 543.85 Td (A) Tj ET Q q 0 0 0 rg BT 348.75 543.85 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 413.67 543.85 Td ( ST) Tj ET Q q 0 0 0 rg BT 428.22 543.85 Td (OCKHOLDERS) Tj ET Q q 0 0 0 rg BT 502.49 543.85 Td ( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.05 531.85 Td (\(in thousands, except shar) Tj ET Q q 0 0 0 rg BT 428.00 531.85 Td (e amounts\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 453.35 307.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 453.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 453.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 453.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 453.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 453.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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1 rg /GS0 gs 486.00 193.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 193.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 193.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 612.00 193.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 616.00 193.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 193.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 193.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 167.35 307.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 167.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 167.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 167.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 167.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 167.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 167.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 167.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 612.00 167.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 616.00 167.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 167.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 167.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 141.35 307.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 141.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 141.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 141.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 141.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 141.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 141.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 141.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 612.00 141.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 616.00 141.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 141.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 141.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 115.35 307.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 115.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 115.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 115.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 115.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 115.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 115.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 115.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 612.00 115.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 616.00 115.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 115.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 115.35 61.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 482.35 m 417 482.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 482.35 m 421 482.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 482.35 m 482 482.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 453.35 m 417 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 453.35 m 482 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 453.35 m 547 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 453.35 m 612 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 612 453.35 m 616 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 453.35 m 677 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 453.35 m 742 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 453.35 m 417 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 453.35 m 482 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 453.35 m 547 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 453.35 m 612 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 612 453.35 m 616 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 453.35 m 677 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 453.35 m 742 453.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 349.35 m 417 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 349.35 m 482 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 349.35 m 547 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 349.35 m 612 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 612 349.35 m 616 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 349.35 m 677 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 349.35 m 742 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 349.35 m 417 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 349.35 m 482 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 349.35 m 547 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 349.35 m 612 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 612 349.35 m 616 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 349.35 m 677 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 349.35 m 742 349.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 232.35000000000002 m 417 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 232.35000000000002 m 482 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 232.35000000000002 m 547 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 232.35000000000002 m 612 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 612 232.35000000000002 m 616 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 232.35000000000002 m 677 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 232.35000000000002 m 742 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 232.35000000000002 m 417 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 232.35000000000002 m 482 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 232.35000000000002 m 547 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 232.35000000000002 m 612 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 612 232.35000000000002 m 616 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 232.35000000000002 m 677 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 232.35000000000002 m 742 232.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 102.35000000000002 m 417 102.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 102.35000000000002 m 482 102.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 102.35000000000002 m 547 102.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 102.35000000000002 m 612 102.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 612 102.35000000000002 m 616 102.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 102.35000000000002 m 677 102.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 102.35000000000002 m 742 102.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 102.35000000000002 m 417 102.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 90.35000000000002 m 417 90.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 88.35000000000002 m 417 88.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 90.35000000000002 m 482 90.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 88.35000000000002 m 482 88.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 90.35000000000002 m 547 90.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486 88.35000000000002 m 547 88.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 90.35000000000002 m 612 90.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 88.35000000000002 m 612 88.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 90.35000000000002 m 677 90.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 616 88.35000000000002 m 677 88.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 90.35000000000002 m 742 90.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 681 88.35000000000002 m 742 88.35000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.30 512.58 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.75 499.58 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 570.85 499.58 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 701.30 499.58 Td ( Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.15 486.58 Td (Common Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.55 486.58 Td (Paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 554.40 486.58 Td (Comprehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 630.65 486.58 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 687.65 486.58 Td (Stockholders') Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 457.58 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.95 457.58 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.30 457.58 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 556.85 457.58 Td (Income \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 630.40 473.58 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 622.00 465.58 Td (\(Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 633.30 457.58 Td (Deficit\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 699.40 457.58 Td (Equity) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 444.75 Td (Balances, December) Tj ET Q q 0 0 0 rg BT 128.81 444.75 Td ( 31, 2013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.00 444.61 Td (27,624,025) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.50 444.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 444.61 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 444.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.25 444.61 Td (212,332) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.50 444.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 596.50 444.61 Td (\(34) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 608.50 444.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 618.50 444.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 650.25 444.61 Td (\(4,374) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 673.50 444.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 683.50 444.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 709.25 444.61 Td (207,927) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 431.61 Td (Issuance of common stock under stock incentive plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 431.61 Td (1,210,435) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 431.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 431.61 Td (7,537) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 431.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 431.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 718.25 431.61 Td (7,537) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 418.61 Td (Shares withheld for employee taxes related to vested restricted stock units) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 418.61 Td (\(29,424) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 418.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 418.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 418.61 Td (\(902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 418.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 418.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 418.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 722.00 418.61 Td (\(902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 738.50 418.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 405.61 Td (Issuance of common stock under employee stock purchase plan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.25 405.61 Td (102,111) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 405.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 405.61 Td (2,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 405.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 405.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 718.25 405.61 Td (2,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 392.61 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 392.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 392.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 392.61 Td (15,084) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 392.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 392.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 392.61 Td (15,084) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 379.61 Td (Excess tax benefit from stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 379.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 379.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 379.61 Td (5,852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 379.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 379.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 718.25 379.61 Td (5,852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 366.61 Td (Unrealized losses on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 366.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 366.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 366.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 596.50 366.61 Td (\(61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 608.50 366.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 366.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 726.50 366.61 Td (\(61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 738.50 366.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 353.61 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 353.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 353.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 353.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 353.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 648.75 353.61 Td (14,823) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 353.61 Td (14,823) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 340.75 Td (Balances, December) Tj ET Q q 0 0 0 rg BT 128.81 340.75 Td ( 31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.00 340.61 Td (28,907,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 340.61 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.25 340.61 Td (242,527) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 596.50 340.61 Td (\(95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 608.50 340.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 648.75 340.61 Td (10,449) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 709.25 340.61 Td (252,884) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 327.61 Td (Issuance of common stock under stock incentive plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 327.61 Td (1,109,013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 327.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 327.61 Td (10,094) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 327.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 327.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 327.61 Td (10,094) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 314.61 Td (Shares withheld for employee taxes related to vested restricted stock units) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 314.61 Td (\(56,797) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 314.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 314.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 314.61 Td (\(3,552) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 314.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 314.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 314.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 715.25 314.61 Td (\(3,552) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 738.50 314.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 301.61 Td (Issuance of common stock under employee stock purchase plan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.25 301.61 Td (110,598) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 301.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 301.61 Td (4,105) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 301.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 301.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 718.25 301.61 Td (4,105) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 288.61 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 288.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 288.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 288.61 Td (25,367) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 288.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 288.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 288.61 Td (25,367) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 275.61 Td (Excess tax benefit from stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 275.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 275.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 275.61 Td (11,387) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 275.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 275.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 275.61 Td (11,387) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 262.61 Td (Stock repurchase) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 262.61 Td (\(503,450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 262.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 262.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 262.61 Td (\(4,586) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 262.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 262.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 645.75 262.61 Td (\(26,944) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 673.50 262.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 710.75 262.61 Td (\(31,530) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 738.50 262.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 249.61 Td (Unrealized losses on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 249.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 249.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 249.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 592.00 249.61 Td (\(162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 608.50 249.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 249.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 722.00 249.61 Td (\(162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 738.50 249.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 236.61 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 236.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 236.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 236.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 236.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 648.75 236.61 Td (22,258) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 236.61 Td (22,258) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 223.75 Td (Balances, December) Tj ET Q q 0 0 0 rg BT 128.81 223.75 Td ( 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.00 223.61 Td (29,566,511) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 223.61 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.25 223.61 Td (285,342) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 592.00 223.61 Td (\(257) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 608.50 223.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 653.25 223.61 Td (5,763) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 709.25 223.61 Td (290,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 210.61 Td (Issuance of common stock under stock incentive plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.25 210.61 Td (934,234) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 210.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 210.61 Td (10,573) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 210.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 210.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 210.61 Td (10,573) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 197.61 Td (Issuance of common stock in public offering, net of issuance costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.50 197.61 Td (3,162,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 197.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.25 197.61 Td (271,309) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 197.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 197.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 709.25 197.61 Td (271,309) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 184.61 Td (Shares withheld for employee taxes related to vested restricted stock units) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 184.61 Td (\(71,079) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 184.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 184.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 184.61 Td (\(5,976) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 184.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 184.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 184.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 715.25 184.61 Td (\(5,976) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 738.50 184.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 171.61 Td (Issuance of common stock under employee stock purchase plan) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.25 171.61 Td (101,816) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 171.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 171.61 Td (6,724) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 171.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 171.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 718.25 171.61 Td (6,724) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 158.61 Td (Stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 158.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 158.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.75 158.61 Td (34,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 158.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 158.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 158.61 Td (34,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 145.61 Td (Excess tax benefit from stock-based compensation) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 145.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 145.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 145.61 Td (9,974) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 145.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 145.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 718.25 145.61 Td (9,974) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 132.61 Td (Stock repurchase) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.25 132.61 Td (\(8,333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.50 132.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 132.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 132.61 Td (\(150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.50 132.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 132.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 657.00 132.61 Td (\(513) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 673.50 132.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 722.00 132.61 Td (\(663) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 738.50 132.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 119.61 Td (Unrealized gains on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 119.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 119.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 119.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 119.61 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 664.50 119.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 729.50 119.61 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 106.61 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 106.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.50 106.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 106.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 599.50 106.61 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 648.75 106.61 Td (37,776) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 713.75 106.61 Td (37,776) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 93.75 Td (Balances, December) Tj ET Q q 0 0 0 rg BT 128.81 93.75 Td ( 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.00 93.61 Td (33,685,649) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.50 93.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 93.61 Td (3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 93.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 514.25 93.61 Td (612,098) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 553.50 93.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 592.00 93.61 Td (\(219) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 608.50 93.61 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 618.50 93.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 648.75 93.61 Td (43,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 683.50 93.61 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 709.25 93.61 Td (654,908) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.00 71.25 Td (See accompanying notes to these consolidated financial statements.) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.85 749.25 Td (Ellie Mae, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.65 737.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 737.25 Td ( CASH FLOWS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 725.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 672.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 672.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 672.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 672.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 672.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 642.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 642.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 642.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 642.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 642.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 612.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 612.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 612.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 612.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 612.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 582.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 582.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 582.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 582.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 582.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 552.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 552.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 552.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 552.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 552.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 552.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 522.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 522.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 522.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 522.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 522.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 492.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 492.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 492.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 492.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 492.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 492.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 462.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 462.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 462.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 462.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 462.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 462.75 50.00 -15.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 403.50 372.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 372.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 372.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 342.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 342.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 342.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 342.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 312.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 312.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 312.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 312.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 282.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 282.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 282.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 282.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 282.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 282.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 252.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 252.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 252.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 252.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 252.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 252.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 222.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 222.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 222.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 222.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 222.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 222.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 192.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 192.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 192.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 192.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 192.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 192.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 162.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 162.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 162.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 162.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 162.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 162.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 132.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 132.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 132.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 132.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 132.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 132.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 102.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 102.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 102.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 102.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 102.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 102.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 72.75 354.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 72.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 72.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 72.75 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 72.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 72.75 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 687.75 m 453.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 687.75 m 457.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 687.75 m 507.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 687.75 m 511.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 687.75 m 561.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 687.75 m 453.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 672.75 m 453.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 687.75 m 457.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 687.75 m 507.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 672.75 m 507.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 687.75 m 511.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 687.75 m 561.5 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 672.75 m 561.5 672.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 372.75 m 453.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 372.75 m 507.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 372.75 m 561.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 357.75 m 453.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 372.75 m 507.5 372.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 357.75 m 507.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 357.75 m 561.5 357.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 237.75 m 453.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 237.75 m 507.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 237.75 m 561.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 237.75 m 453.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 222.75 m 453.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 222.75 m 507.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 222.75 m 561.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 117.75 m 453.5 117.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 117.75 m 507.5 117.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 117.75 m 561.5 117.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 102.75 m 453.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 102.75 m 507.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 102.75 m 561.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 102.75 m 453.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 102.75 m 507.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 102.75 m 561.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 72.75 m 453.5 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 72.75 m 507.5 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 72.75 m 561.5 72.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 58.75 m 453.5 58.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 56.75 m 453.5 56.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 58.75 m 507.5 58.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 56.75 m 507.5 56.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 58.75 m 561.5 58.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 56.75 m 561.5 56.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 692.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.60 691.98 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 677.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.00 676.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.00 676.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 676.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 663.32 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 648.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 647.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 647.42 Td (37,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 647.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 647.42 Td (22,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 647.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 647.42 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 633.32 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 618.32 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 617.42 Td (20,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 617.42 Td (10,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 617.42 Td (5,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 603.32 Td (Amortization of intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 602.42 Td (5,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 602.42 Td (5,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 602.42 Td (2,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 588.32 Td (Impairment loss on intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 587.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 587.42 Td (562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 587.42 Td (1,968) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 573.32 Td (Amortization of discount related to acquisition holdback) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 572.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 572.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 572.42 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 558.32 Td (Legal settlement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 557.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.30 557.47 Td (\(522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 557.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 557.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 543.32 Td (Stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 542.42 Td (31,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 542.42 Td (24,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 542.42 Td (14,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 528.32 Td (Excess tax benefit from stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 527.47 Td (\(10,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 527.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 527.47 Td (\(11,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 527.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 527.47 Td (\(5,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 527.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 513.32 Td (Impairment and loss on sale of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 512.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 512.42 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 512.42 Td (693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 498.32 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 497.42 Td (7,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 497.42 Td (2,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 497.42 Td (395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 483.32 Td (Amortization of investment premium) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 482.42 Td (1,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 482.42 Td (1,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 482.42 Td (1,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 468.32 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 453.32 Td (Accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 452.47 Td (\(10,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 452.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 452.47 Td (\(7,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 452.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 452.47 Td (\(8,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 452.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 438.32 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.80 437.47 Td (\(5,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 437.42 Td (1,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 437.47 Td (\(4,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 437.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 423.32 Td (Deposits and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.80 422.47 Td (\(3,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 422.47 Td (\(1,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 422.47 Td (\(1,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 422.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 408.32 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 407.42 Td (3,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 407.42 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 407.42 Td (2,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 393.32 Td (Accrued, other current and other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 392.42 Td (17,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 392.42 Td (35,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 392.42 Td (13,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 378.32 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 377.42 Td (7,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 377.42 Td (5,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 377.42 Td (2,604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.00 363.48 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 362.42 Td (102,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 362.42 Td (87,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 362.42 Td (40,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 348.32 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 333.32 Td (Acquisition of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 332.47 Td (\(25,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 332.47 Td (\(24,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 332.47 Td (\(6,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 332.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 318.32 Td (Acquisition of internal-use software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 317.47 Td (\(35,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 317.47 Td (\(27,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 317.47 Td (\(13,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 317.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 303.32 Td (Proceeds from sale of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 302.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 302.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 302.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 288.32 Td (Purchases of investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 287.47 Td (\(62,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 287.47 Td (\(60,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 287.47 Td (\(64,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 287.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 273.32 Td (Maturities of investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 272.42 Td (58,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 272.42 Td (63,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 272.42 Td (57,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 258.32 Td (Sale of investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 257.42 Td (20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 257.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 257.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 243.32 Td (Cash paid for acquisitions, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 242.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 242.47 Td (\(16,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 242.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 242.47 Td (\(34,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 242.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.00 228.48 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 227.47 Td (\(44,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 227.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 227.47 Td (\(66,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 227.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 227.47 Td (\(61,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 227.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 213.32 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 198.32 Td (Payment of capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.80 197.47 Td (\(3,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 197.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 197.47 Td (\(3,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 197.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 197.47 Td (\(1,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 197.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 183.32 Td (Proceeds from issuance of common stock under employee stock plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 182.42 Td (17,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 182.42 Td (14,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 182.42 Td (10,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 168.32 Td (Proceeds from issuance of common stock in public offering, net of issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 167.42 Td (271,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 167.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 167.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 153.32 Td (Payments for repurchase of common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.30 152.47 Td (\(663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 152.47 Td (\(31,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 152.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 152.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 138.32 Td (Tax payments related to shares withheld for vested restricted stock units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.80 137.47 Td (\(5,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 137.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 137.47 Td (\(3,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 137.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 137.47 Td (\(902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 137.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 123.32 Td (Excess tax benefit from stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 122.42 Td (10,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 122.42 Td (11,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 122.42 Td (5,852) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.00 108.48 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 107.42 Td (288,456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 107.47 Td (\(13,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 107.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 107.42 Td (13,933) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 93.32 Td (NET INCREASE \(DECREASE\) IN CASH AND CASH EQUIVALENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 92.42 Td (346,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.15 92.42 Td (7,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 92.47 Td (\(6,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 92.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 78.32 Td (CASH AND CASH EQUIVALENTS, Beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 77.42 Td (34,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 77.42 Td (26,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 77.42 Td (33,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 63.32 Td (CASH AND CASH EQUIVALENTS, End of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 62.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 62.42 Td (380,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 62.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 62.42 Td (34,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 62.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 62.42 Td (26,756) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.85 749.25 Td (Ellie Mae, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.05 737.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 219.87 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 254.43 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 260.90 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 325.82 737.25 Td ( CASH FLOWS - \(continued\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 725.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 688.75 343.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 688.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 688.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 662.75 343.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 662.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 662.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 662.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 662.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 662.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 636.75 343.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 636.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 636.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 636.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 636.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 636.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.75 343.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 610.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 610.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 610.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 610.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 610.75 53.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 701.75 m 446.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 701.75 m 450.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 701.75 m 503.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 701.75 m 507.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 701.75 m 560.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 701.75 m 446.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 688.75 m 446.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 701.75 m 450.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 701.75 m 503.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 688.75 m 503.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 701.75 m 507.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 701.75 m 560.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 688.75 m 560.5 688.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.10 705.98 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.50 692.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 692.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 692.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 679.32 Td (Supplemental disclosure of cash flow information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 666.32 Td (Cash paid for interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.00 666.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 666.32 Td (294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 666.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 666.32 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 666.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 666.32 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 653.32 Td (Cash paid for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.00 653.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 653.32 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 653.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 653.32 Td (104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 653.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 653.32 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.32 Td (Supplemental disclosure of non-cash investing and financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 627.32 Td (Fixed asset purchases not yet paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.00 627.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 627.32 Td (5,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 627.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 627.32 Td (3,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 627.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 627.32 Td (921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 614.32 Td (Stock-based compensation capitalized to property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.00 614.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 614.32 Td (2,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 614.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 614.32 Td (1,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 614.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 614.32 Td (534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 601.32 Td (Acquisition of property and equipment under capital leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.00 601.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 601.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 601.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 601.32 Td (6,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 601.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 601.32 Td (1,269) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.00 579.65 Td (See accompanying notes to these consolidated financial statements.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.85 740.25 Td (Ellie Mae, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.30 728.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 728.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 728.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 728.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 728.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 728.25 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 728.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 702.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 702.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 702.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 702.25 Td (Description ) Tj ET Q q 0 0 0 rg BT 147.28 702.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.11 702.25 Td (Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.79 702.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 685.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 93.79 685.25 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 116.47 685.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 134.15 685.25 Td (\(Ellie ) Tj ET Q q 0 0 0 rg BT 163.20 685.25 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 190.32 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.38 685.25 Td (Company) Tj ET Q q 0 0 0 rg BT 247.62 685.25 Td (, ) Tj ET Q q 0 0 0 rg BT 256.97 685.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 282.41 685.25 Td (our ) Tj ET Q q 0 0 0 rg BT 307.03 685.25 Td (or ) Tj ET Q q 0 0 0 rg BT 317.77 685.25 Td (us\) ) Tj ET Q q 0 0 0 rg BT 341.28 685.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.35 685.25 Td (a ) Tj ET Q q 0 0 0 rg BT 357.20 685.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 389.04 685.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 425.33 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.07 685.25 Td (innovative ) Tj ET Q q 0 0 0 rg BT 480.69 685.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 528.08 685.25 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 88.37 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.55 673.25 Td (services ) Tj ET Q q 0 0 0 rg BT 140.51 673.25 Td (for ) Tj ET Q q 0 0 0 rg BT 154.92 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.89 673.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 214.29 673.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 254.80 673.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 290.33 673.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.85 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.82 673.25 Td (United ) Tj ET Q q 0 0 0 rg BT 345.78 673.25 Td (States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.67 673.25 Td (.Banks, ) Tj ET Q q 0 0 0 rg BT 404.92 673.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 430.43 673.25 Td (unions ) Tj ET Q q 0 0 0 rg BT 459.85 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 477.04 673.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 517.55 673.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 549.18 673.25 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.72 661.25 Td (Company) Tj ET Q q 0 0 0 rg BT 105.39 661.25 Td (s ) Tj ET Q q 0 0 0 rg BT 111.28 661.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 166.43 661.25 Td (all-in-one ) Tj ET Q q 0 0 0 rg BT 207.30 661.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 247.07 661.25 Td (management ) Tj ET Q q 0 0 0 rg BT 300.16 661.25 Td (solution ) Tj ET Q q 0 0 0 rg BT 334.39 661.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.17 661.25 Td (originate ) Tj ET Q q 0 0 0 rg BT 381.72 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.16 661.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 418.50 661.25 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 462.15 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.60 661.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 513.92 661.25 Td (compliance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 69.22 649.25 Td (quality) Tj ET Q q 0 0 0 rg BT 96.34 649.25 Td (, ) Tj ET Q q 0 0 0 rg BT 101.34 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.28 649.25 Td (ef) Tj ET Q q 0 0 0 rg BT 125.87 649.25 Td (ficiency) Tj ET Q q 0 0 0 rg BT 157.42 649.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 623.25 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 623.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 623.25 Td (Basis ) Tj ET Q q 0 0 0 rg BT 120.07 623.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.90 623.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 141.27 623.25 Td (esentation ) Tj ET Q q 0 0 0 rg BT 187.10 623.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.72 623.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 253.79 623.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 305.18 623.25 Td (Policies) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 597.25 Td (Principles ) Tj ET Q q 0 0 0 rg BT 105.67 597.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.50 597.25 Td (Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 580.25 Td (The ) Tj ET Q q 0 0 0 rg BT 93.80 580.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 149.10 580.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.83 580.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 235.79 580.25 Td (include ) Tj ET Q q 0 0 0 rg BT 269.98 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.95 580.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 326.69 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.77 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.74 580.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 400.38 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.58 580.25 Td (its ) Tj ET Q q 0 0 0 rg BT 433.78 580.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 496.30 580.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 549.72 580.25 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 106.98 568.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 143.90 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.84 568.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 211.11 568.25 Td (have ) Tj ET Q q 0 0 0 rg BT 232.48 568.25 Td (been ) Tj ET Q q 0 0 0 rg BT 253.86 568.25 Td (eliminated.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 542.25 Td (Applicable ) Tj ET Q q 0 0 0 rg BT 107.51 542.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 157.80 542.25 Td (Guidance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 525.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 94.01 525.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 134.48 525.25 Td (in ) Tj ET Q q 0 0 0 rg BT 145.55 525.25 Td (these ) Tj ET Q q 0 0 0 rg BT 169.38 525.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 193.78 525.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.84 525.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 249.22 525.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 296.38 525.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 335.76 525.25 Td (is ) Tj ET Q q 0 0 0 rg BT 345.72 525.25 Td (meant ) Tj ET Q q 0 0 0 rg BT 373.44 525.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.50 525.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 406.66 525.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.72 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.23 525.25 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 487.05 525.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.54 525.25 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 513.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.52 513.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 139.10 513.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.03 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.39 513.25 Td (United ) Tj ET Q q 0 0 0 rg BT 195.76 513.25 Td (States ) Tj ET Q q 0 0 0 rg BT 222.79 513.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.56 513.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 251.50 513.25 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.72 513.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 292.14 513.25 Td (as ) Tj ET Q q 0 0 0 rg BT 303.62 513.25 Td (found ) Tj ET Q q 0 0 0 rg BT 330.10 513.25 Td (in ) Tj ET Q q 0 0 0 rg BT 341.02 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.39 513.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 396.05 513.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 445.86 513.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 488.44 513.25 Td (Board) Tj ET Q q 0 0 0 rg BT 515.66 513.25 Td (s ) Tj ET Q q 0 0 0 rg BT 522.70 513.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.47 513.25 Td (F) Tj ET Q q 0 0 0 rg BT 535.29 513.25 Td (ASB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.74 513.25 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 501.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 98.66 501.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 140.59 501.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 193.08 501.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.85 501.25 Td (ASC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.31 501.25 Td (\).) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 475.25 Td (Use ) Tj ET Q q 0 0 0 rg BT 79.55 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.38 475.25 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 458.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.87 458.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 138.22 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.37 458.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.73 458.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.53 458.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 281.56 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 291.15 458.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 337.41 458.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.00 458.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 376.61 458.25 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.46 458.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.28 458.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 439.31 458.25 Td (management ) Tj ET Q q 0 0 0 rg BT 492.21 458.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.81 458.25 Td (make ) Tj ET Q q 0 0 0 rg BT 525.28 458.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.51 446.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 118.53 446.25 Td (that ) Tj ET Q q 0 0 0 rg BT 136.10 446.25 Td (af) Tj ET Q q 0 0 0 rg BT 143.69 446.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 161.24 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.03 446.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 211.92 446.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 248.38 446.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.28 446.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 285.18 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.20 446.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 341.98 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.00 446.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 402.11 446.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.02 446.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 457.80 446.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 483.70 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.71 446.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 540.50 446.25 Td (at ) Tj ET Q q 0 0 0 rg BT 550.29 446.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.25 Td (date ) Tj ET Q q 0 0 0 rg BT 69.40 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 80.97 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.43 434.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.65 434.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 180.11 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.79 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.25 434.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 249.80 434.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 286.93 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.50 434.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 337.28 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.96 434.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 394.30 434.25 Td (during ) Tj ET Q q 0 0 0 rg BT 423.66 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.11 434.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 479.01 434.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 510.30 434.25 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 89.04 422.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 128.58 422.25 Td (on ) Tj ET Q q 0 0 0 rg BT 140.91 422.25 Td (a ) Tj ET Q q 0 0 0 rg BT 147.68 422.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 178.33 422.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 200.67 422.25 Td (including ) Tj ET Q q 0 0 0 rg BT 240.77 422.25 Td (those ) Tj ET Q q 0 0 0 rg BT 264.21 422.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 297.09 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.20 422.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 341.18 422.25 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 391.55 422.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 434.42 422.25 Td (for ) Tj ET Q q 0 0 0 rg BT 448.41 422.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 484.63 422.25 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 524.45 422.25 Td (goodwill, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 92.48 410.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 121.29 410.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 161.49 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.80 410.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 209.09 410.25 Td (income ) Tj ET Q q 0 0 0 rg BT 241.51 410.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 267.54 410.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 317.73 410.25 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 378.76 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 396.18 410.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 453.03 410.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 468.23 410.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 505.37 410.25 Td (among ) Tj ET Q q 0 0 0 rg BT 535.58 410.25 Td (others. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 78.51 398.25 Td (results ) Tj ET Q q 0 0 0 rg BT 106.98 398.25 Td (could ) Tj ET Q q 0 0 0 rg BT 131.55 398.25 Td (dif) Tj ET Q q 0 0 0 rg BT 142.48 398.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 155.94 398.25 Td (from ) Tj ET Q q 0 0 0 rg BT 177.73 398.25 Td (those ) Tj ET Q q 0 0 0 rg BT 201.20 398.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 240.77 398.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.56 398.25 Td (such ) Tj ET Q q 0 0 0 rg BT 278.25 398.25 Td (dif) Tj ET Q q 0 0 0 rg BT 289.18 398.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 324.84 398.25 Td (may ) Tj ET Q q 0 0 0 rg BT 344.42 398.25 Td (have ) Tj ET Q q 0 0 0 rg BT 365.65 398.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.45 398.25 Td (material ) Tj ET Q q 0 0 0 rg BT 407.56 398.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 437.13 398.25 Td (on ) Tj ET Q q 0 0 0 rg BT 449.49 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.06 398.25 Td (Company) Tj ET Q q 0 0 0 rg BT 505.73 398.25 Td (s ) Tj ET Q q 0 0 0 rg BT 511.98 398.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 386.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 131.69 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.63 386.25 Td (footnotes.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 360.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 85.12 360.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.18 360.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 126.81 360.25 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 343.25 Td (All ) Tj ET Q q 0 0 0 rg BT 87.61 343.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 114.50 343.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 139.16 343.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 188.27 343.25 Td (with ) Tj ET Q q 0 0 0 rg BT 207.37 343.25 Td (original ) Tj ET Q q 0 0 0 rg BT 239.81 343.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 281.13 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.79 343.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 302.12 343.25 Td (days ) Tj ET Q q 0 0 0 rg BT 321.78 343.25 Td (or ) Tj ET Q q 0 0 0 rg BT 331.44 343.25 Td (less ) Tj ET Q q 0 0 0 rg BT 347.77 343.25 Td (are ) Tj ET Q q 0 0 0 rg BT 361.31 343.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 405.96 343.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.06 343.25 Td (be ) Tj ET Q q 0 0 0 rg BT 425.83 343.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.93 343.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 494.31 343.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.64 343.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 516.97 343.25 Td (equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 331.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 101.68 331.25 Td (at ) Tj ET Q q 0 0 0 rg BT 111.40 331.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 132.51 331.25 Td (which ) Tj ET Q q 0 0 0 rg BT 159.45 331.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 215.82 331.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 232.20 331.25 Td (value.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 305.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 113.45 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.51 305.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 152.35 305.25 Td (V) Tj ET Q q 0 0 0 rg BT 157.91 305.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 178.19 305.25 Td (Measurement ) Tj ET Q q 0 0 0 rg BT 237.36 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.19 305.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 291.26 305.25 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 288.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.81 288.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.45 288.25 Td (values ) Tj ET Q q 0 0 0 rg BT 136.75 288.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.85 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.82 288.25 Td (Company) Tj ET Q q 0 0 0 rg BT 204.49 288.25 Td (s ) Tj ET Q q 0 0 0 rg BT 211.14 288.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.67 288.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 282.47 288.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 320.22 288.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 366.56 288.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.76 288.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 421.51 288.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 455.36 288.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 508.10 288.25 Td (their ) Tj ET Q q 0 0 0 rg BT 529.19 288.25 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.25 Td (values ) Tj ET Q q 0 0 0 rg BT 77.63 276.25 Td (due ) Tj ET Q q 0 0 0 rg BT 94.66 276.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.03 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.83 276.25 Td (short ) Tj ET Q q 0 0 0 rg BT 142.42 276.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 185.00 276.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.92 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.72 276.25 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 262.29 276.25 Td (The ) Tj ET Q q 0 0 0 rg BT 280.42 276.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 296.89 276.25 Td (value ) Tj ET Q q 0 0 0 rg BT 321.13 276.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.05 276.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.85 276.25 Td (Company) Tj ET Q q 0 0 0 rg BT 388.52 276.25 Td (s ) Tj ET Q q 0 0 0 rg BT 395.00 276.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 424.23 276.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 446.81 276.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 493.84 276.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 550.30 276.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.32 264.25 Td (value ) Tj ET Q q 0 0 0 rg BT 109.47 264.25 Td (due ) Tj ET Q q 0 0 0 rg BT 126.41 264.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.69 264.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.40 264.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 176.12 264.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 221.39 264.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.67 264.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 284.15 264.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 327.20 264.25 Td (market ) Tj ET Q q 0 0 0 rg BT 357.46 264.25 Td (terms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 247.25 Td (All ) Tj ET Q q 0 0 0 rg BT 89.18 247.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.51 247.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.40 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.52 247.25 Td (Company) Tj ET Q q 0 0 0 rg BT 157.18 247.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.97 247.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 214.65 247.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.54 247.25 Td (have ) Tj ET Q q 0 0 0 rg BT 254.31 247.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 297.20 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.43 247.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 339.08 247.25 Td (than ) Tj ET Q q 0 0 0 rg BT 359.20 247.25 Td (90 ) Tj ET Q q 0 0 0 rg BT 372.09 247.25 Td (days ) Tj ET Q q 0 0 0 rg BT 393.32 247.25 Td (are ) Tj ET Q q 0 0 0 rg BT 408.43 247.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 449.09 247.25 Td (as ) Tj ET Q q 0 0 0 rg BT 460.32 247.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 511.20 247.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 532.97 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.31 247.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 79.93 235.25 Td (at ) Tj ET Q q 0 0 0 rg BT 89.82 235.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.38 235.25 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.53 235.25 Td ( ) Tj ET Q q 0 0 0 rg BT 133.01 235.25 Td (The ) Tj ET Q q 0 0 0 rg BT 151.24 235.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.80 235.25 Td (invests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.25 235.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 252.03 235.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 272.47 235.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 312.36 235.25 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.14 235.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.81 235.25 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 394.91 235.25 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 460.33 235.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 503.27 235.25 Td (such ) Tj ET Q q 0 0 0 rg BT 524.28 235.25 Td (as ) Tj ET Q q 0 0 0 rg BT 535.28 235.25 Td (money ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.25 Td (market ) Tj ET Q q 0 0 0 rg BT 79.88 223.25 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 119.98 223.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 166.46 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.41 223.25 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 211.41 223.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 261.22 223.25 Td (paper) Tj ET Q q 0 0 0 rg BT 283.03 223.25 Td (, ) Tj ET Q q 0 0 0 rg BT 288.15 223.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 328.52 223.25 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 357.53 223.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 400.13 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.19 223.25 Td (government ) Tj ET Q q 0 0 0 rg BT 467.57 223.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 498.50 223.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 548.06 223.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 95.22 211.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 141.52 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.71 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.78 211.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 185.42 211.25 Td (government) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.18 211.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.54 211.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 255.51 211.25 Td (value ) Tj ET Q q 0 0 0 rg BT 279.02 211.25 Td (is ) Tj ET Q q 0 0 0 rg BT 287.55 211.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 334.38 211.25 Td (based ) Tj ET Q q 0 0 0 rg BT 359.01 211.25 Td (on ) Tj ET Q q 0 0 0 rg BT 370.87 211.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 399.94 211.25 Td (market ) Tj ET Q q 0 0 0 rg BT 429.56 211.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 450.29 211.25 Td (when ) Tj ET Q q 0 0 0 rg BT 473.81 211.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 518.98 211.25 Td (or ) Tj ET Q q 0 0 0 rg BT 529.17 211.25 Td (utilizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (data ) Tj ET Q q 0 0 0 rg BT 68.98 199.25 Td (points ) Tj ET Q q 0 0 0 rg BT 96.25 199.25 Td (that ) Tj ET Q q 0 0 0 rg BT 114.07 199.25 Td (are ) Tj ET Q q 0 0 0 rg BT 129.10 199.25 Td (observable, ) Tj ET Q q 0 0 0 rg BT 177.74 199.25 Td (such ) Tj ET Q q 0 0 0 rg BT 198.89 199.25 Td (as ) Tj ET Q q 0 0 0 rg BT 210.05 199.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 240.09 199.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 269.29 199.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 301.55 199.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 325.75 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.01 199.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 365.83 199.25 Td (curves. ) Tj ET Q q 0 0 0 rg BT 397.05 199.25 Td (The ) Tj ET Q q 0 0 0 rg BT 415.42 199.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 434.35 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.50 199.25 Td (available-for) Tj ET Q q 0 0 0 rg BT 496.38 199.25 Td (-sale ) Tj ET Q q 0 0 0 rg BT 518.08 199.25 Td (marketable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 89.87 187.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 109.15 187.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.43 187.25 Td (based ) Tj ET Q q 0 0 0 rg BT 143.81 187.25 Td (on ) Tj ET Q q 0 0 0 rg BT 156.42 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.24 187.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 204.94 187.25 Td (identification ) Tj ET Q q 0 0 0 rg BT 260.87 187.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 295.97 187.25 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 342.44 187.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 366.16 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.21 187.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 409.71 187.25 Td (are ) Tj ET Q q 0 0 0 rg BT 424.53 187.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 460.45 187.25 Td (in ) Tj ET Q q 0 0 0 rg BT 470.84 187.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 523.97 187.25 Td ( ) Tj ET Q q 0 0 0 rg BT 526.58 187.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 554.18 187.25 Td (as) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 102.68 175.25 Td (other ) Tj ET Q q 0 0 0 rg BT 125.87 175.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 189.05 175.25 Td (income ) Tj ET Q q 0 0 0 rg BT 221.13 175.25 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.35 175.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.50 175.25 Td (Realized ) Tj ET Q q 0 0 0 rg BT 286.13 175.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 309.89 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.97 175.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 353.51 175.25 Td (are ) Tj ET Q q 0 0 0 rg BT 368.37 175.25 Td (included ) Tj ET Q q 0 0 0 rg BT 405.45 175.25 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.23 175.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.88 175.25 Td (other ) Tj ET Q q 0 0 0 rg BT 439.07 175.25 Td (income ) Tj ET Q q 0 0 0 rg BT 471.15 175.25 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 515.17 175.25 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.38 175.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.53 175.25 Td (Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 163.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 107.83 163.25 Td (are ) Tj ET Q q 0 0 0 rg BT 122.53 163.25 Td (included ) Tj ET Q q 0 0 0 rg BT 159.47 163.25 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.24 163.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.74 163.25 Td (other ) Tj ET Q q 0 0 0 rg BT 192.79 163.25 Td (income ) Tj ET Q q 0 0 0 rg BT 224.72 163.25 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 268.59 163.25 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.81 163.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.31 163.25 Td (when ) Tj ET Q q 0 0 0 rg BT 307.47 163.25 Td (they ) Tj ET Q q 0 0 0 rg BT 327.19 163.25 Td (are ) Tj ET Q q 0 0 0 rg BT 341.89 163.25 Td (earned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.54 163.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 137.25 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 102.34 137.25 Td (Receivable ) Tj ET Q q 0 0 0 rg BT 149.26 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.95 137.25 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 212.78 137.25 Td (for ) Tj ET Q q 0 0 0 rg BT 227.51 137.25 Td (Doubtful ) Tj ET Q q 0 0 0 rg BT 266.87 137.25 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 120.25 Td (T) Tj ET Q q 0 0 0 rg BT 79.26 120.25 Td (rade ) Tj ET Q q 0 0 0 rg BT 98.35 120.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 135.23 120.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 178.20 120.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 207.87 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.09 120.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 253.87 120.25 Td (billed ) Tj ET Q q 0 0 0 rg BT 278.53 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.20 120.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 330.64 120.25 Td (in ) Tj ET Q q 0 0 0 rg BT 340.31 120.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 386.07 120.25 Td (with ) Tj ET Q q 0 0 0 rg BT 405.74 120.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 423.18 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.40 120.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 469.86 120.25 Td (The ) Tj ET Q q 0 0 0 rg BT 487.30 120.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 528.08 120.25 Td (analyzes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 93.52 108.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 116.98 108.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 155.43 108.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 199.98 108.25 Td (by ) Tj ET Q q 0 0 0 rg BT 213.46 108.25 Td (considering ) Tj ET Q q 0 0 0 rg BT 263.58 108.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 304.26 108.25 Td (bad ) Tj ET Q q 0 0 0 rg BT 322.17 108.25 Td (debts, ) Tj ET Q q 0 0 0 rg BT 349.25 108.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 389.38 108.25 Td (creditworthiness, ) Tj ET Q q 0 0 0 rg BT 461.44 108.25 Td (current ) Tj ET Q q 0 0 0 rg BT 493.23 108.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 535.57 108.25 Td (trends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.15 96.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.37 96.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 133.47 96.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 170.35 96.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 197.51 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.39 96.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 256.26 96.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 283.14 96.25 Td (when ) Tj ET Q q 0 0 0 rg BT 307.24 96.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 351.34 96.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.00 96.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 406.19 96.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.97 96.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.63 96.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 474.60 96.25 Td (for ) Tj ET Q q 0 0 0 rg BT 488.70 96.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 525.03 96.25 Td (accounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.25 Td (Allowances ) Tj ET Q q 0 0 0 rg BT 100.46 84.25 Td (for ) Tj ET Q q 0 0 0 rg BT 115.87 84.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 153.50 84.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 192.24 84.25 Td (are ) Tj ET Q q 0 0 0 rg BT 208.20 84.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 255.81 84.25 Td (in ) Tj ET Q q 0 0 0 rg BT 267.34 84.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.30 84.25 Td (period ) Tj ET Q q 0 0 0 rg BT 312.60 84.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.13 84.25 Td (which ) Tj ET Q q 0 0 0 rg BT 352.32 84.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.28 84.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 413.13 84.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 457.96 84.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 492.24 84.25 Td (is ) Tj ET Q q 0 0 0 rg BT 502.66 84.25 Td (not ) Tj ET Q q 0 0 0 rg BT 519.19 84.25 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.25 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 101.10 72.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 121.48 72.25 Td (change ) Tj ET Q q 0 0 0 rg BT 152.96 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.90 72.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.28 72.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 231.89 72.25 Td (used ) Tj ET Q q 0 0 0 rg BT 253.38 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 264.33 72.25 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 306.36 72.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 344.51 72.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 388.75 72.25 Td (may ) Tj ET Q q 0 0 0 rg BT 409.13 72.25 Td (result ) Tj ET Q q 0 0 0 rg BT 434.51 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.45 72.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 480.82 72.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.76 72.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.14 72.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 550.84 72.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 85.27 60.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 122.14 60.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.47 60.25 Td (is ) Tj ET Q q 0 0 0 rg BT 147.03 60.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 192.77 60.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.44 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.54 60.25 Td (period ) Tj ET Q q 0 0 0 rg BT 243.97 60.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.64 60.25 Td (which ) Tj ET Q q 0 0 0 rg BT 279.96 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.07 60.25 Td (change ) Tj ET Q q 0 0 0 rg BT 324.27 60.25 Td (occurs. ) Tj ET Q q 0 0 0 rg BT 354.62 60.25 Td (The ) Tj ET Q q 0 0 0 rg BT 372.05 60.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.82 60.25 Td (writes ) Tj ET Q q 0 0 0 rg BT 439.15 60.25 Td (of) Tj ET Q q 0 0 0 rg BT 447.30 60.25 Td (f ) Tj ET Q q 0 0 0 rg BT 452.51 60.25 Td (a ) Tj ET Q q 0 0 0 rg BT 458.84 60.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 501.80 60.25 Td (when ) Tj ET Q q 0 0 0 rg BT 525.35 60.25 Td (all ) Tj ET Q q 0 0 0 rg BT 537.23 60.25 Td (rights, ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (remedies, ) Tj ET Q q 0 0 0 rg BT 89.77 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.88 740.10 Td (recourse ) Tj ET Q q 0 0 0 rg BT 141.43 740.10 Td (against ) Tj ET Q q 0 0 0 rg BT 171.43 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.32 740.10 Td (account ) Tj ET Q q 0 0 0 rg BT 218.09 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.21 740.10 Td (its ) Tj ET Q q 0 0 0 rg BT 245.33 740.10 Td (principals ) Tj ET Q q 0 0 0 rg BT 286.44 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.33 740.10 Td (exhausted ) Tj ET Q q 0 0 0 rg BT 341.99 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.10 740.10 Td (records ) Tj ET Q q 0 0 0 rg BT 389.21 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 395.32 740.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 424.76 740.10 Td (when ) Tj ET Q q 0 0 0 rg BT 448.10 740.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 491.99 740.10 Td (reserved ) Tj ET Q q 0 0 0 rg BT 527.53 740.10 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 728.10 Td (collected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 702.10 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 123.46 702.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.29 702.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 162.34 702.10 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 685.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.25 685.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.43 685.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 177.30 685.10 Td (that ) Tj ET Q q 0 0 0 rg BT 194.50 685.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 239.47 685.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 269.45 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.87 685.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 324.96 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.94 685.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 395.45 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.99 685.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 430.95 685.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 448.16 685.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 478.14 685.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 517.56 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.09 685.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 548.06 685.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 68.57 673.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 117.91 673.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 169.48 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.22 673.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 221.50 673.10 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 266.29 673.10 Td (The ) Tj ET Q q 0 0 0 rg BT 283.13 673.10 Td (Company) Tj ET Q q 0 0 0 rg BT 324.80 673.10 Td (s ) Tj ET Q q 0 0 0 rg BT 329.99 673.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.05 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.79 673.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.86 673.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 430.70 673.10 Td (are ) Tj ET Q q 0 0 0 rg BT 444.21 673.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 483.83 673.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.91 673.10 Td (major ) Tj ET Q q 0 0 0 rg BT 527.53 673.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 96.65 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.12 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.03 661.10 Td (United ) Tj ET Q q 0 0 0 rg BT 151.94 661.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 180.43 661.10 Td (At ) Tj ET Q q 0 0 0 rg BT 193.12 661.10 Td (times, ) Tj ET Q q 0 0 0 rg BT 219.98 661.10 Td (such ) Tj ET Q q 0 0 0 rg BT 241.01 661.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 276.48 661.10 Td (may ) Tj ET Q q 0 0 0 rg BT 296.39 661.10 Td (be ) Tj ET Q q 0 0 0 rg BT 308.52 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.00 661.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 347.79 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.81 661.10 Td (federally ) Tj ET Q q 0 0 0 rg BT 397.04 661.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 429.17 661.10 Td (limits. ) Tj ET Q q 0 0 0 rg BT 457.15 661.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 512.05 661.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 547.50 661.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.65 649.10 Td (Company) Tj ET Q q 0 0 0 rg BT 105.32 649.10 Td (s ) Tj ET Q q 0 0 0 rg BT 111.14 649.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 160.85 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.57 649.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.27 649.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 237.75 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.12 649.10 Td (available-for) Tj ET Q q 0 0 0 rg BT 305.00 649.10 Td (-sale ) Tj ET Q q 0 0 0 rg BT 325.81 649.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 375.52 649.10 Td (are ) Tj ET Q q 0 0 0 rg BT 389.66 649.10 Td (financially ) Tj ET Q q 0 0 0 rg BT 434.35 649.10 Td (sound. ) Tj ET Q q 0 0 0 rg BT 462.54 649.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.02 649.10 Td (Company) Tj ET Q q 0 0 0 rg BT 521.69 649.10 Td (s ) Tj ET Q q 0 0 0 rg BT 527.52 649.10 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 93.65 637.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.94 637.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 142.00 637.10 Td (from ) Tj ET Q q 0 0 0 rg BT 164.51 637.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 199.23 637.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 228.95 637.10 Td (from ) Tj ET Q q 0 0 0 rg BT 251.47 637.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 295.09 637.10 Td (located ) Tj ET Q q 0 0 0 rg BT 327.04 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.89 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.18 637.10 Td (United ) Tj ET Q q 0 0 0 rg BT 383.47 637.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 412.71 637.10 Td (The ) Tj ET Q q 0 0 0 rg BT 431.33 637.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.30 637.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.81 637.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.81 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.88 637.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 547.51 637.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.10 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.53 625.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.86 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.81 625.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.08 625.10 Td (more ) Tj ET Q q 0 0 0 rg BT 154.57 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.85 625.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 204.33 625.10 Td (for ) Tj ET Q q 0 0 0 rg BT 218.94 625.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.10 625.10 Td (years ) Tj ET Q q 0 0 0 rg BT 258.15 625.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 284.97 625.10 Td (December ) Tj ET Q q 0 0 0 rg BT 329.00 625.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 344.44 625.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 369.89 625.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 395.34 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.72 625.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.72 625.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.17 625.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.39 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.33 625.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 492.93 625.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 541.96 625.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.22 613.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.55 613.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.05 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.88 613.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 138.36 613.10 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.94 613.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.77 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.60 613.10 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.69 613.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.19 613.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.19 613.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.69 613.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.62 613.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.62 613.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 587.10 Td (Software ) Tj ET Q q 0 0 0 rg BT 100.67 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.55 587.10 Td (W) Tj ET Q q 0 0 0 rg BT 126.70 587.10 Td (ebsite ) Tj ET Q q 0 0 0 rg BT 152.53 587.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 208.90 587.10 Td (Costs) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 570.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.26 570.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.36 570.10 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 179.77 570.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 213.53 570.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.18 570.10 Td (external ) Tj ET Q q 0 0 0 rg BT 266.60 570.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 289.81 570.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 326.34 570.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.34 570.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 372.21 570.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 422.62 570.10 Td (software ) Tj ET Q q 0 0 0 rg BT 460.27 570.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.92 570.10 Td (website ) Tj ET Q q 0 0 0 rg BT 511.68 570.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 565.00 570.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 96.78 558.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 129.07 558.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 150.81 558.10 Td (include ) Tj ET Q q 0 0 0 rg BT 181.99 558.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 216.21 558.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 252.11 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.29 558.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 317.24 558.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 374.53 558.10 Td (char) Tj ET Q q 0 0 0 rg BT 391.56 558.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 406.63 558.10 Td (for ) Tj ET Q q 0 0 0 rg BT 420.03 558.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 464.54 558.10 Td (that ) Tj ET Q q 0 0 0 rg BT 481.28 558.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.23 558.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 527.51 558.10 Td (involved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.09 546.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 105.34 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.37 546.10 Td (software ) Tj ET Q q 0 0 0 rg BT 155.61 546.10 Td (or ) Tj ET Q q 0 0 0 rg BT 165.75 546.10 Td (website ) Tj ET Q q 0 0 0 rg BT 198.11 546.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 246.85 546.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.11 546.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 314.34 546.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.48 546.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.62 546.10 Td (used ) Tj ET Q q 0 0 0 rg BT 369.77 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.36 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.39 546.10 Td (development ) Tj ET Q q 0 0 0 rg BT 446.85 546.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 481.15 546.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.97 546.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 530.32 546.10 Td (external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.00 534.10 Td (include ) Tj ET Q q 0 0 0 rg BT 103.93 534.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 149.20 534.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 196.69 534.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 234.19 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.47 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.18 534.10 Td (development ) Tj ET Q q 0 0 0 rg BT 313.33 534.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 348.32 534.10 Td (as ) Tj ET Q q 0 0 0 rg BT 359.15 534.10 Td (well ) Tj ET Q q 0 0 0 rg BT 378.87 534.10 Td (as ) Tj ET Q q 0 0 0 rg BT 389.70 534.10 Td (other ) Tj ET Q q 0 0 0 rg BT 412.75 534.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 438.01 534.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 460.51 534.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 496.33 534.10 Td (therein.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 517.10 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 131.74 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.22 517.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.37 517.10 Td (begins ) Tj ET Q q 0 0 0 rg BT 192.62 517.10 Td (when ) Tj ET Q q 0 0 0 rg BT 216.43 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.79 517.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 279.59 517.10 Td (project ) Tj ET Q q 0 0 0 rg BT 309.50 517.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 332.20 517.10 Td (has ) Tj ET Q q 0 0 0 rg BT 347.67 517.10 Td (been ) Tj ET Q q 0 0 0 rg BT 368.70 517.10 Td (completed, ) Tj ET Q q 0 0 0 rg BT 415.00 517.10 Td (management ) Tj ET Q q 0 0 0 rg BT 468.23 517.10 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 511.47 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.06 517.10 Td (commits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.02 505.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 93.88 505.10 Td (a ) Tj ET Q q 0 0 0 rg BT 101.06 505.10 Td (project ) Tj ET Q q 0 0 0 rg BT 131.57 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.76 505.10 Td (it ) Tj ET Q q 0 0 0 rg BT 157.06 505.10 Td (is ) Tj ET Q q 0 0 0 rg BT 166.47 505.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 204.20 505.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.94 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.91 505.10 Td (project ) Tj ET Q q 0 0 0 rg BT 267.42 505.10 Td (will ) Tj ET Q q 0 0 0 rg BT 285.72 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 297.90 505.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 342.30 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.48 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.45 505.10 Td (software ) Tj ET Q q 0 0 0 rg BT 411.62 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.70 505.10 Td (website ) Tj ET Q q 0 0 0 rg BT 455.99 505.10 Td (application ) Tj ET Q q 0 0 0 rg BT 503.16 505.10 Td (will ) Tj ET Q q 0 0 0 rg BT 521.46 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 533.65 505.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.72 505.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 83.42 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.36 493.10 Td (function ) Tj ET Q q 0 0 0 rg BT 132.40 493.10 Td (intended. ) Tj ET Q q 0 0 0 rg BT 171.05 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.76 493.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 205.57 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.73 493.10 Td (external ) Tj ET Q q 0 0 0 rg BT 255.65 493.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.36 493.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 312.40 493.10 Td (as ) Tj ET Q q 0 0 0 rg BT 322.44 493.10 Td (part ) Tj ET Q q 0 0 0 rg BT 339.71 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.75 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.68 493.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 412.05 493.10 Td (project ) Tj ET Q q 0 0 0 rg BT 441.53 493.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 463.79 493.10 Td (are ) Tj ET Q q 0 0 0 rg BT 477.72 493.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 516.64 493.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 493.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 476.10 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 132.14 476.10 Td (ceases ) Tj ET Q q 0 0 0 rg BT 160.22 476.10 Td (at ) Tj ET Q q 0 0 0 rg BT 169.98 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.74 476.10 Td (point ) Tj ET Q q 0 0 0 rg BT 207.84 476.10 Td (at ) Tj ET Q q 0 0 0 rg BT 217.60 476.10 Td (which ) Tj ET Q q 0 0 0 rg BT 244.58 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.34 476.10 Td (project ) Tj ET Q q 0 0 0 rg BT 289.65 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 298.87 476.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 351.96 476.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 391.16 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.14 476.10 Td (ready ) Tj ET Q q 0 0 0 rg BT 432.89 476.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.09 476.10 Td (its ) Tj ET Q q 0 0 0 rg BT 459.09 476.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 496.06 476.10 Td (use. ) Tj ET Q q 0 0 0 rg BT 514.44 476.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 548.08 476.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (external ) Tj ET Q q 0 0 0 rg BT 84.20 464.10 Td (training ) Tj ET Q q 0 0 0 rg BT 117.81 464.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.31 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.24 464.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 210.27 464.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.77 464.10 Td (during ) Tj ET Q q 0 0 0 rg BT 261.38 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.10 464.10 Td (post-implementation ) Tj ET Q q 0 0 0 rg BT 361.36 464.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 401.62 464.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 424.67 464.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.38 464.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 479.08 464.10 Td (as ) Tj ET Q q 0 0 0 rg BT 489.92 464.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 447.10 Td (Internal-developed ) Tj ET Q q 0 0 0 rg BT 151.73 447.10 Td (core ) Tj ET Q q 0 0 0 rg BT 171.65 447.10 Td (software ) Tj ET Q q 0 0 0 rg BT 208.79 447.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.18 447.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 260.87 447.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.59 447.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.74 447.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 331.77 447.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 354.49 447.10 Td (over ) Tj ET Q q 0 0 0 rg BT 374.97 447.10 Td (its ) Tj ET Q q 0 0 0 rg BT 387.13 447.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 428.17 447.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 455.32 447.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 473.86 447.10 Td (generally) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.06 447.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.77 447.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.76 447.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.47 447.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.96 447.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 74.67 435.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 130.00 435.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.34 435.10 Td (product ) Tj ET Q q 0 0 0 rg BT 172.90 435.10 Td (related ) Tj ET Q q 0 0 0 rg BT 202.11 435.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 251.32 435.10 Td (software ) Tj ET Q q 0 0 0 rg BT 287.76 435.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.21 435.10 Td (website ) Tj ET Q q 0 0 0 rg BT 336.77 435.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 387.10 435.10 Td (is ) Tj ET Q q 0 0 0 rg BT 395.78 435.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 432.78 435.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 469.77 435.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.56 435.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 497.67 435.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.02 435.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 548.06 435.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 102.68 423.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.64 423.10 Td (other ) Tj ET Q q 0 0 0 rg BT 136.83 423.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 186.67 423.10 Td (software ) Tj ET Q q 0 0 0 rg BT 223.74 423.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.81 423.10 Td (website ) Tj ET Q q 0 0 0 rg BT 274.00 423.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 324.96 423.10 Td (is ) Tj ET Q q 0 0 0 rg BT 334.26 423.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 371.89 423.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.51 423.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.92 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.78 423.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 475.18 423.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 510.02 423.10 Td (line ) Tj ET Q q 0 0 0 rg BT 527.66 423.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.07 423.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.10 Td (it ) Tj ET Q q 0 0 0 rg BT 57.01 411.10 Td (most ) Tj ET Q q 0 0 0 rg BT 78.40 411.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 108.68 411.10 Td (relates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.27 411.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.22 411.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 193.37 411.10 Td (evaluates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.53 411.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.69 411.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 273.08 411.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 293.92 411.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.20 411.10 Td (these ) Tj ET Q q 0 0 0 rg BT 326.69 411.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.97 411.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.92 411.10 Td (an ) Tj ET Q q 0 0 0 rg BT 375.31 411.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 403.92 411.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 425.87 411.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 411.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.25 411.10 Td (tests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.98 411.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.59 411.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 523.64 411.10 Td (whenever ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.10 Td (events ) Tj ET Q q 0 0 0 rg BT 77.72 399.10 Td (or ) Tj ET Q q 0 0 0 rg BT 88.72 399.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 123.60 399.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.06 399.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 193.37 399.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 218.25 399.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.92 399.10 Td (could ) Tj ET Q q 0 0 0 rg BT 260.81 399.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 290.69 399.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.58 399.10 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 363.78 399.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.79 399.10 Td (these ) Tj ET Q q 0 0 0 rg BT 398.01 399.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 426.32 399.10 Td (The ) Tj ET Q q 0 0 0 rg BT 444.54 399.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 490.52 399.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 513.19 399.10 Td (are ) Tj ET Q q 0 0 0 rg BT 528.07 399.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.10 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.28 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.86 387.10 Td (property ) Tj ET Q q 0 0 0 rg BT 96.32 387.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.34 387.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 160.64 387.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.44 387.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.80 387.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.60 387.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 261.49 387.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 314.62 387.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 347.73 387.10 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 377.25 387.10 Td (For ) Tj ET Q q 0 0 0 rg BT 393.73 387.10 Td (the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 387.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.53 387.10 Td (years ) Tj ET Q q 0 0 0 rg BT 432.21 387.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.09 387.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.67 387.10 Td (December ) Tj ET Q q 0 0 0 rg BT 502.34 387.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.84 387.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.42 387.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.42 387.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 387.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.89 375.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.89 375.10 Td (, ) Tj ET Q q 0 0 0 rg BT 90.33 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.50 375.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.33 375.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 190.59 375.10 Td (software ) Tj ET Q q 0 0 0 rg BT 226.97 375.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.35 375.10 Td (website ) Tj ET Q q 0 0 0 rg BT 275.85 375.10 Td (application ) Tj ET Q q 0 0 0 rg BT 322.22 375.10 Td (development ) Tj ET Q q 0 0 0 rg BT 375.82 375.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 397.77 375.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.10 375.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.05 375.10 Td ($38.5 ) Tj ET Q q 0 0 0 rg BT 432.50 375.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.39 375.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.84 375.10 Td ($29.4 ) Tj ET Q q 0 0 0 rg BT 490.29 375.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.18 375.10 Td (, ) Tj ET Q q 0 0 0 rg BT 523.63 375.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 375.10 Td ($15.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 363.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.39 363.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 131.05 363.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 346.10 Td (During ) Tj ET Q q 0 0 0 rg BT 103.56 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.52 346.10 Td (year ) Tj ET Q q 0 0 0 rg BT 136.46 346.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.07 346.10 Td (December ) Tj ET Q q 0 0 0 rg BT 204.89 346.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.12 346.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.12 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 243.36 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.31 346.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 297.93 346.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 334.64 346.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.82 346.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 360.05 346.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.94 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.68 346.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 438.51 346.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 455.81 346.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.54 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.49 346.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 513.52 346.10 Td (f ) Tj ET Q q 0 0 0 rg BT 518.58 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.65 346.10 Td (internal-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (use ) Tj ET Q q 0 0 0 rg BT 65.33 334.10 Td (software. ) Tj ET Q q 0 0 0 rg BT 104.58 334.10 Td (There ) Tj ET Q q 0 0 0 rg BT 130.39 334.10 Td (were ) Tj ET Q q 0 0 0 rg BT 152.32 334.10 Td (no ) Tj ET Q q 0 0 0 rg BT 164.82 334.10 Td (such ) Tj ET Q q 0 0 0 rg BT 185.65 334.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 217.68 334.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 227.40 334.10 Td (during ) Tj ET Q q 0 0 0 rg BT 256.01 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.73 334.10 Td (years ) Tj ET Q q 0 0 0 rg BT 294.32 334.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 320.70 334.10 Td (December ) Tj ET Q q 0 0 0 rg BT 364.29 334.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.29 334.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.29 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.79 334.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.72 334.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.72 334.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 308.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 99.55 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.61 308.10 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 291.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 109.99 291.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.48 291.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 172.74 291.10 Td (are ) Tj ET Q q 0 0 0 rg BT 188.00 291.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 214.38 291.10 Td (at ) Tj ET Q q 0 0 0 rg BT 224.64 291.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 243.80 291.10 Td (less ) Tj ET Q q 0 0 0 rg BT 261.85 291.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 315.43 291.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 367.90 291.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.39 291.10 Td (are ) Tj ET Q q 0 0 0 rg BT 400.65 291.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 449.78 291.10 Td (on ) Tj ET Q q 0 0 0 rg BT 462.83 291.10 Td (a ) Tj ET Q q 0 0 0 rg BT 470.32 291.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 521.69 291.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 544.74 291.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.10 Td (their ) Tj ET Q q 0 0 0 rg BT 69.76 279.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 110.02 279.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 136.39 279.10 Td (lives, ) Tj ET Q q 0 0 0 rg BT 159.71 279.10 Td (which ) Tj ET Q q 0 0 0 rg BT 186.09 279.10 Td (is ) Tj ET Q q 0 0 0 rg BT 194.70 279.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.83 279.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.82 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.75 279.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.47 279.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.24 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.17 279.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 315.71 279.10 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 358.74 279.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 417.89 279.10 Td (are ) Tj ET Q q 0 0 0 rg BT 432.03 279.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 473.95 279.10 Td (on ) Tj ET Q q 0 0 0 rg BT 485.88 279.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.26 279.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 542.51 279.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (over ) Tj ET Q q 0 0 0 rg BT 69.77 267.10 Td (their ) Tj ET Q q 0 0 0 rg BT 90.59 267.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 131.41 267.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 158.35 267.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 179.74 267.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.57 267.10 Td (over ) Tj ET Q q 0 0 0 rg BT 210.84 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.55 267.10 Td (term ) Tj ET Q q 0 0 0 rg BT 246.38 267.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.21 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.93 267.10 Td (lease, ) Tj ET Q q 0 0 0 rg BT 296.91 267.10 Td (whichever ) Tj ET Q q 0 0 0 rg BT 341.06 267.10 Td (is ) Tj ET Q q 0 0 0 rg BT 350.23 267.10 Td (shorter) Tj ET Q q 0 0 0 rg BT 377.44 267.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 241.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 100.68 241.10 Td (Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 224.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.93 224.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.69 224.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 178.33 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.65 224.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 235.73 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.83 224.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 299.25 224.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 325.46 224.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 362.76 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.42 224.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.74 224.10 Td (business ) Tj ET Q q 0 0 0 rg BT 417.51 224.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 472.88 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.97 224.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 528.07 224.10 Td (assumed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.04 212.10 Td (any ) Tj ET Q q 0 0 0 rg BT 82.59 212.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 146.91 212.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 178.45 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.33 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.65 212.10 Td (acquiree, ) Tj ET Q q 0 0 0 rg BT 241.12 212.10 Td (at ) Tj ET Q q 0 0 0 rg BT 250.44 212.10 Td (their ) Tj ET Q q 0 0 0 rg BT 270.88 212.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 286.86 212.10 Td (values ) Tj ET Q q 0 0 0 rg BT 314.51 212.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.95 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.38 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.71 212.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 395.69 212.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 416.80 212.10 Td (The ) Tj ET Q q 0 0 0 rg BT 434.46 212.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 475.45 212.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 520.31 212.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 107.34 200.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 165.18 200.10 Td (at ) Tj ET Q q 0 0 0 rg BT 176.37 200.10 Td (their ) Tj ET Q q 0 0 0 rg BT 198.66 200.10 Td (acquisition-date ) Tj ET Q q 0 0 0 rg BT 266.50 200.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.35 200.10 Td (values ) Tj ET Q q 0 0 0 rg BT 313.87 200.10 Td (with ) Tj ET Q q 0 0 0 rg BT 335.62 200.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 384.03 200.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 420.21 200.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.96 200.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 449.81 200.10 Td (value ) Tj ET Q q 0 0 0 rg BT 475.43 200.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 514.38 200.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.13 200.10 Td (earnings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 95.52 188.10 Td (pre-acquisition ) Tj ET Q q 0 0 0 rg BT 158.76 188.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 177.59 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.29 188.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 215.77 188.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 274.02 188.10 Td (at ) Tj ET Q q 0 0 0 rg BT 284.50 188.10 Td (their ) Tj ET Q q 0 0 0 rg BT 306.09 188.10 Td (acquisition-date ) Tj ET Q q 0 0 0 rg BT 373.22 188.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 390.36 188.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 421.67 188.10 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 467.13 188.10 Td (in-process ) Tj ET Q q 0 0 0 rg BT 511.49 188.10 Td (research ) Tj ET Q q 0 0 0 rg BT 548.06 188.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.24 176.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.66 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.19 176.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 183.38 176.10 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 259.89 176.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 305.85 176.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 327.94 176.10 Td (as ) Tj ET Q q 0 0 0 rg BT 338.36 176.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 376.27 176.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 395.02 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.89 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.20 176.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 454.06 176.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 501.13 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.00 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.30 176.10 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.80 164.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 119.10 164.10 Td (used ) Tj ET Q q 0 0 0 rg BT 140.29 164.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.15 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.23 164.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.97 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.61 164.10 Td (its ) Tj ET Q q 0 0 0 rg BT 232.92 164.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 249.65 164.10 Td (value ) Tj ET Q q 0 0 0 rg BT 274.17 164.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 336.73 164.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 374.56 164.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 411.31 164.10 Td (may ) Tj ET Q q 0 0 0 rg BT 431.38 164.10 Td (be ) Tj ET Q q 0 0 0 rg BT 443.68 164.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 474.87 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.50 164.10 Td (refinement. ) Tj ET Q q 0 0 0 rg BT 534.17 164.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.04 152.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 119.67 152.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 150.04 152.10 Td (which ) Tj ET Q q 0 0 0 rg BT 176.80 152.10 Td (may ) Tj ET Q q 0 0 0 rg BT 196.33 152.10 Td (be ) Tj ET Q q 0 0 0 rg BT 208.09 152.10 Td (up ) Tj ET Q q 0 0 0 rg BT 220.41 152.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.51 152.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.95 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.27 152.10 Td (year ) Tj ET Q q 0 0 0 rg BT 266.80 152.10 Td (from ) Tj ET Q q 0 0 0 rg BT 288.56 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.10 152.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 349.30 152.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 370.78 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.31 152.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 426.52 152.10 Td (may ) Tj ET Q q 0 0 0 rg BT 446.06 152.10 Td (record ) Tj ET Q q 0 0 0 rg BT 473.92 152.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 524.01 152.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.11 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.65 152.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.14 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.46 140.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 108.77 140.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 145.18 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.61 140.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 200.81 140.10 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 239.74 140.10 Td (with ) Tj ET Q q 0 0 0 rg BT 259.50 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.71 140.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 332.90 140.10 Td (of) Tj ET Q q 0 0 0 rg BT 341.05 140.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 357.47 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.24 140.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 406.84 140.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 426.05 140.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 472.47 140.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 524.73 140.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.55 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.17 128.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 141.88 128.10 Td (for ) Tj ET Q q 0 0 0 rg BT 156.38 128.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 192.53 128.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 207.58 128.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 229.86 128.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 269.92 128.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 317.18 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.46 128.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 371.73 128.10 Td (income ) Tj ET Q q 0 0 0 rg BT 404.00 128.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 419.06 128.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 472.99 128.10 Td (after ) Tj ET Q q 0 0 0 rg BT 494.14 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.20 128.10 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 80.05 116.10 Td (are ) Tj ET Q q 0 0 0 rg BT 94.75 116.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 141.12 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.39 116.10 Td (current ) Tj ET Q q 0 0 0 rg BT 182.21 116.10 Td (period ) Tj ET Q q 0 0 0 rg BT 210.26 116.10 Td (earnings.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 90.10 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 73.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.38 73.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.60 73.10 Td (records ) Tj ET Q q 0 0 0 rg BT 160.37 73.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 197.26 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.37 73.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.15 73.10 Td (business ) Tj ET Q q 0 0 0 rg BT 247.38 73.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 298.70 73.10 Td (when ) Tj ET Q q 0 0 0 rg BT 321.70 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.25 73.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 390.46 73.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 409.01 73.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 441.99 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.54 73.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 470.75 73.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.75 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.41 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 73.10 Td (identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.10 Td (net ) Tj ET Q q 0 0 0 rg BT 63.54 61.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 88.69 61.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 127.44 61.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 167.04 61.10 Td (is ) Tj ET Q q 0 0 0 rg BT 175.54 61.10 Td (not ) Tj ET Q q 0 0 0 rg BT 190.14 61.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 234.44 61.10 Td (but ) Tj ET Q q 0 0 0 rg BT 249.05 61.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.54 61.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 282.69 61.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.17 61.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 344.09 61.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.14 61.10 Td (least ) Tj ET Q q 0 0 0 rg BT 373.28 61.10 Td (annually) Tj ET Q q 0 0 0 rg BT 407.07 61.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.39 61.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.55 61.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 462.24 61.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 496.27 61.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.87 61.10 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 49.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 83.52 49.10 Td (that ) Tj ET Q q 0 0 0 rg BT 100.89 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.48 49.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 131.73 49.10 Td (value ) Tj ET Q q 0 0 0 rg BT 155.76 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.46 49.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.27 49.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 212.30 49.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 230.23 49.10 Td (is ) Tj ET Q q 0 0 0 rg BT 239.28 49.10 Td (less ) Tj ET Q q 0 0 0 rg BT 256.65 49.10 Td (than ) Tj ET Q q 0 0 0 rg BT 276.24 49.10 Td (its ) Tj ET Q q 0 0 0 rg BT 288.06 49.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 323.75 49.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 358.62 49.10 Td (including ) Tj ET Q q 0 0 0 rg BT 398.76 49.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 439.02 49.10 Td (The ) Tj ET Q q 0 0 0 rg BT 456.94 49.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 485.97 49.10 Td (test ) Tj ET Q q 0 0 0 rg BT 502.23 49.10 Td (is ) Tj ET Q q 0 0 0 rg BT 511.27 49.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 555.29 49.10 Td (at ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.61 740.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 102.15 740.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 119.60 740.10 Td (level ) Tj ET Q q 0 0 0 rg BT 140.92 740.10 Td (using ) Tj ET Q q 0 0 0 rg BT 164.48 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.81 740.10 Td (fair) Tj ET Q q 0 0 0 rg BT 184.49 740.10 Td (-value ) Tj ET Q q 0 0 0 rg BT 211.36 740.10 Td (based ) Tj ET Q q 0 0 0 rg BT 236.02 740.10 Td (approach. ) Tj ET Q q 0 0 0 rg BT 276.92 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 294.35 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 336.02 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 341.80 740.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 385.34 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 399.44 740.10 Td (or) Tj ET Q q 0 0 0 rg BT 407.59 740.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 440.57 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.79 740.10 Td (one ) Tj ET Q q 0 0 0 rg BT 467.12 740.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 505.67 740.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 525.61 740.10 Td (In ) Tj ET Q q 0 0 0 rg BT 535.83 740.10 Td (testing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.03 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 71.34 728.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 109.20 728.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 158.17 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.37 728.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 210.30 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.39 728.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 267.15 728.10 Td (first ) Tj ET Q q 0 0 0 rg BT 286.13 728.10 Td (compares ) Tj ET Q q 0 0 0 rg BT 327.31 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.40 728.10 Td (net ) Tj ET Q q 0 0 0 rg BT 357.49 728.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 399.22 728.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 435.41 728.10 Td (value ) Tj ET Q q 0 0 0 rg BT 459.93 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.14 728.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.34 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.65 728.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.73 728.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.43 716.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 106.01 716.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 147.05 716.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 163.64 716.10 Td (value ) Tj ET Q q 0 0 0 rg BT 188.01 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.06 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.99 716.10 Td (Company) Tj ET Q q 0 0 0 rg BT 252.23 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 257.45 716.10 Td (If ) Tj ET Q q 0 0 0 rg BT 266.82 716.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 307.86 716.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 324.45 716.10 Td (value ) Tj ET Q q 0 0 0 rg BT 348.82 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 358.21 716.10 Td (less ) Tj ET Q q 0 0 0 rg BT 375.93 716.10 Td (than ) Tj ET Q q 0 0 0 rg BT 395.86 716.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 431.89 716.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 458.76 716.10 Td (then ) Tj ET Q q 0 0 0 rg BT 478.70 716.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 516.40 716.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (exists. ) Tj ET Q q 0 0 0 rg BT 77.37 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.71 704.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 128.50 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.62 704.10 Td (any ) Tj ET Q q 0 0 0 rg BT 156.85 704.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 205.74 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 215.21 704.10 Td (then ) Tj ET Q q 0 0 0 rg BT 235.22 704.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 278.54 704.10 Td (by ) Tj ET Q q 0 0 0 rg BT 291.33 704.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 342.44 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.45 704.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 390.80 704.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 407.47 704.10 Td (value ) Tj ET Q q 0 0 0 rg BT 431.92 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.04 704.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 481.39 704.10 Td (using ) Tj ET Q q 0 0 0 rg BT 505.85 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.08 704.10 Td (hypothetical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 88.07 692.10 Td (price ) Tj ET Q q 0 0 0 rg BT 111.08 692.10 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 156.04 692.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 205.72 692.10 Td (is ) Tj ET Q q 0 0 0 rg BT 215.42 692.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 260.09 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.90 692.10 Td (any ) Tj ET Q q 0 0 0 rg BT 288.37 692.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 317.50 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.86 692.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 367.44 692.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 403.79 692.10 Td (value ) Tj ET Q q 0 0 0 rg BT 428.47 692.10 Td (over ) Tj ET Q q 0 0 0 rg BT 449.27 692.10 Td (its ) Tj ET Q q 0 0 0 rg BT 461.74 692.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 495.32 692.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 512.23 692.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 539.19 692.10 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.43 680.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.43 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.93 680.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 132.53 680.10 Td (char) Tj ET Q q 0 0 0 rg BT 149.55 680.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 165.38 680.10 Td (related ) Tj ET Q q 0 0 0 rg BT 195.09 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.36 680.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 243.42 680.10 Td (during ) Tj ET Q q 0 0 0 rg BT 272.03 680.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.75 680.10 Td (years ) Tj ET Q q 0 0 0 rg BT 310.34 680.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.22 680.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.72 680.10 Td (December ) Tj ET Q q 0 0 0 rg BT 380.31 680.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.81 680.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.31 680.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.31 680.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.31 680.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.31 680.10 Td (, ) Tj ET Q q 0 0 0 rg BT 445.31 680.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.24 680.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.24 680.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 663.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.35 663.10 Td (process ) Tj ET Q q 0 0 0 rg BT 124.65 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.28 663.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 181.24 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.76 663.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 235.06 663.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 284.46 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.10 663.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 334.96 663.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 370.47 663.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 415.99 663.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 457.07 663.10 Td (at ) Tj ET Q q 0 0 0 rg BT 467.59 663.10 Td (many ) Tj ET Q q 0 0 0 rg BT 493.12 663.10 Td (points ) Tj ET Q q 0 0 0 rg BT 520.87 663.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.28 663.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 86.07 651.10 Td (including ) Tj ET Q q 0 0 0 rg BT 125.70 651.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 171.42 651.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 187.15 651.10 Td (value ) Tj ET Q q 0 0 0 rg BT 210.65 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.84 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.91 651.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 273.42 651.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 290.83 651.10 Td (based ) Tj ET Q q 0 0 0 rg BT 315.45 651.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.30 651.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 367.47 651.10 Td (future ) Tj ET Q q 0 0 0 rg BT 393.20 651.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 412.83 651.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 436.90 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.19 651.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 488.93 651.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 509.66 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.29 651.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.58 651.10 Td (applied.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 625.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 106.42 625.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 608.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 116.47 608.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 143.24 608.10 Td (are ) Tj ET Q q 0 0 0 rg BT 158.87 608.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 185.63 608.10 Td (at ) Tj ET Q q 0 0 0 rg BT 196.28 608.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 215.82 608.10 Td (less ) Tj ET Q q 0 0 0 rg BT 234.25 608.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 288.21 608.10 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 344.68 608.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 388.65 608.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.41 608.10 Td (include ) Tj ET Q q 0 0 0 rg BT 448.28 608.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 492.80 608.10 Td (technology) Tj ET Q q 0 0 0 rg BT 536.59 608.10 Td (, ) Tj ET Q q 0 0 0 rg BT 542.52 608.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (names, ) Tj ET Q q 0 0 0 rg BT 79.64 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.18 596.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 134.93 596.10 Td (lists ) Tj ET Q q 0 0 0 rg BT 153.14 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.68 596.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 210.37 596.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 253.01 596.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 278.43 596.10 Td (with ) Tj ET Q q 0 0 0 rg BT 298.31 596.10 Td (finite ) Tj ET Q q 0 0 0 rg BT 321.51 596.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 342.49 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 356.79 596.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 398.87 596.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.97 596.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.50 596.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 467.92 596.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 490.01 596.10 Td (over ) Tj ET Q q 0 0 0 rg BT 509.88 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.19 596.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.44 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.27 584.10 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 125.03 584.10 Td (as ) Tj ET Q q 0 0 0 rg BT 135.86 584.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 556.60 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 556.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 526.60 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 526.60 68.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 546.27 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.55 546.27 Td (2-5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 531.27 Td (Trade names with finite lives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.55 531.27 Td (2-3 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 516.27 Td (Customer lists and contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.55 516.27 Td (4-9 years) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 495.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.55 495.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 126.55 495.10 Td (tradename ) Tj ET Q q 0 0 0 rg BT 171.41 495.10 Td (is ) Tj ET Q q 0 0 0 rg BT 181.30 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.73 495.10 Td (only ) Tj ET Q q 0 0 0 rg BT 217.73 495.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 260.94 495.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 283.59 495.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.59 495.10 Td (an ) Tj ET Q q 0 0 0 rg BT 317.24 495.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 358.78 495.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 386.44 495.10 Td (life. ) Tj ET Q q 0 0 0 rg BT 405.25 495.10 Td (The ) Tj ET Q q 0 0 0 rg BT 424.01 495.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 466.12 495.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 506.54 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.97 495.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 483.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 76.60 483.10 Td (life ) Tj ET Q q 0 0 0 rg BT 92.59 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.58 483.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 167.89 483.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 210.55 483.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 236.54 483.10 Td (each ) Tj ET Q q 0 0 0 rg BT 257.52 483.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 296.84 483.10 Td (period ) Tj ET Q q 0 0 0 rg BT 325.05 483.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.49 483.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 378.14 483.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 413.01 483.10 Td (events ) Tj ET Q q 0 0 0 rg BT 441.22 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.32 483.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 517.62 483.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.72 483.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.10 Td (support ) Tj ET Q q 0 0 0 rg BT 83.73 471.10 Td (an ) Tj ET Q q 0 0 0 rg BT 97.40 471.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 139.95 471.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 168.62 471.10 Td (life. ) Tj ET Q q 0 0 0 rg BT 188.37 471.10 Td (The ) Tj ET Q q 0 0 0 rg BT 208.14 471.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 251.26 471.10 Td (test ) Tj ET Q q 0 0 0 rg BT 269.38 471.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 313.60 471.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 341.16 471.10 Td (with ) Tj ET Q q 0 0 0 rg BT 363.17 471.10 Td (indefinite ) Tj ET Q q 0 0 0 rg BT 405.72 471.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 428.83 471.10 Td (at ) Tj ET Q q 0 0 0 rg BT 440.28 471.10 Td (least ) Tj ET Q q 0 0 0 rg BT 462.83 471.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 501.50 471.10 Td (or ) Tj ET Q q 0 0 0 rg BT 514.06 471.10 Td (if ) Tj ET Q q 0 0 0 rg BT 524.40 471.10 Td (events ) Tj ET Q q 0 0 0 rg BT 554.17 471.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 107.58 459.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 140.67 459.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.11 459.10 Td (such ) Tj ET Q q 0 0 0 rg BT 176.88 459.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 201.66 459.10 Td (might ) Tj ET Q q 0 0 0 rg BT 226.43 459.10 Td (be ) Tj ET Q q 0 0 0 rg BT 237.31 459.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 276.80 459.10 Td (If ) Tj ET Q q 0 0 0 rg BT 284.90 459.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 321.33 459.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 368.87 459.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 395.59 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.25 459.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 440.69 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.46 459.10 Td (any ) Tj ET Q q 0 0 0 rg BT 466.34 459.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 513.88 459.10 Td (is ) Tj ET Q q 0 0 0 rg BT 521.99 459.10 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.39 447.10 Td (using ) Tj ET Q q 0 0 0 rg BT 88.95 447.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.28 447.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 144.50 447.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 166.16 447.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 188.38 447.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 219.77 447.10 Td (which ) Tj ET Q q 0 0 0 rg BT 248.10 447.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.66 447.10 Td (based ) Tj ET Q q 0 0 0 rg BT 285.33 447.10 Td (on ) Tj ET Q q 0 0 0 rg BT 299.22 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.33 447.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 368.67 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.78 447.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 427.55 447.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 460.32 447.10 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 513.64 447.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 98.79 435.10 Td (would ) Tj ET Q q 0 0 0 rg BT 126.42 435.10 Td (use. ) Tj ET Q q 0 0 0 rg BT 144.89 435.10 Td (For ) Tj ET Q q 0 0 0 rg BT 161.42 435.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 225.70 435.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 268.33 435.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 296.79 435.10 Td (other ) Tj ET Q q 0 0 0 rg BT 319.98 435.10 Td (than ) Tj ET Q q 0 0 0 rg BT 339.83 435.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 380.53 435.10 Td (if ) Tj ET Q q 0 0 0 rg BT 389.27 435.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.12 435.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 440.08 435.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 472.71 435.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 506.99 435.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.84 435.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 538.36 435.10 Td (value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.44 423.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 110.04 423.10 Td (char) Tj ET Q q 0 0 0 rg BT 127.06 423.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 139.00 423.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.17 423.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 194.53 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.81 423.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.75 423.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 249.25 423.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 273.40 423.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.68 423.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.17 423.10 Td (excess.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.54 406.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.92 406.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 168.62 406.10 Td (its ) Tj ET Q q 0 0 0 rg BT 179.56 406.10 Td (finite-lived ) Tj ET Q q 0 0 0 rg BT 225.48 406.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 266.96 406.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 291.79 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.94 406.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 352.53 406.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 392.89 406.10 Td (events ) Tj ET Q q 0 0 0 rg BT 419.93 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.75 406.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 463.45 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.73 406.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 530.86 406.10 Td (indicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.53 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.78 394.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 119.14 394.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 152.17 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.53 394.10 Td (such ) Tj ET Q q 0 0 0 rg BT 184.90 394.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 211.27 394.10 Td (may ) Tj ET Q q 0 0 0 rg BT 231.52 394.10 Td (not ) Tj ET Q q 0 0 0 rg BT 247.33 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 259.81 394.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 311.97 394.10 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 373.88 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.24 394.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 411.61 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.42 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 434.90 394.10 Td (held ) Tj ET Q q 0 0 0 rg BT 455.15 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.63 394.10 Td (used ) Tj ET Q q 0 0 0 rg BT 493.99 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 503.70 394.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 545.05 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 558.09 394.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 98.79 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.76 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.62 382.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 160.57 382.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 193.20 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.17 382.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.25 382.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 238.33 382.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.29 382.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 271.37 382.10 Td (group ) Tj ET Q q 0 0 0 rg BT 297.34 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.75 382.10 Td (future ) Tj ET Q q 0 0 0 rg BT 334.27 382.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 390.23 382.10 Td (net ) Tj ET Q q 0 0 0 rg BT 405.09 382.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 425.50 382.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 450.35 382.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 488.53 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.94 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 511.02 382.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 552.52 382.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.99 370.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 87.70 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.31 370.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 122.02 370.10 Td (group. ) Tj ET Q q 0 0 0 rg BT 151.12 370.10 Td (If ) Tj ET Q q 0 0 0 rg BT 161.06 370.10 Td (such ) Tj ET Q q 0 0 0 rg BT 182.66 370.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 209.27 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.87 370.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 243.58 370.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 274.08 370.10 Td (are ) Tj ET Q q 0 0 0 rg BT 289.56 370.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 336.15 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.20 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 359.91 370.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 401.23 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.72 370.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 466.09 370.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 484.93 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.98 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 508.69 370.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 555.83 370.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 90.54 358.10 Td (by ) Tj ET Q q 0 0 0 rg BT 103.26 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.20 358.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 150.92 358.10 Td (by ) Tj ET Q q 0 0 0 rg BT 163.64 358.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.80 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.74 358.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 241.78 358.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 278.38 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.44 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.38 358.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 330.43 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.48 358.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 363.64 358.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 393.58 358.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 424.06 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.00 358.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 455.60 358.10 Td (value ) Tj ET Q q 0 0 0 rg BT 479.98 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.03 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.97 358.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.02 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 543.07 358.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (groups. ) Tj ET Q q 0 0 0 rg BT 80.58 346.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 108.44 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.96 346.10 Td (be ) Tj ET Q q 0 0 0 rg BT 129.15 346.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 165.89 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.97 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.92 346.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 224.98 346.10 Td (at ) Tj ET Q q 0 0 0 rg BT 233.95 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.91 346.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 272.42 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.50 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.46 346.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 331.52 346.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 363.26 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.45 346.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 395.07 346.10 Td (value ) Tj ET Q q 0 0 0 rg BT 418.47 346.10 Td (less ) Tj ET Q q 0 0 0 rg BT 435.22 346.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 456.96 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.49 346.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 484.62 346.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 514.13 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 524.20 346.10 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 334.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.72 334.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.72 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 91.72 334.10 Td (there ) Tj ET Q q 0 0 0 rg BT 114.20 334.10 Td (has ) Tj ET Q q 0 0 0 rg BT 130.03 334.10 Td (been ) Tj ET Q q 0 0 0 rg BT 151.41 334.10 Td (no ) Tj ET Q q 0 0 0 rg BT 163.91 334.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 181.97 334.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.47 334.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 243.07 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.90 334.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 289.18 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.01 334.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 342.50 334.10 Td (assets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 308.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 112.90 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.73 308.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 173.62 308.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 291.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.65 291.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.13 291.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 177.94 291.10 Td (its ) Tj ET Q q 0 0 0 rg BT 191.98 291.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 237.69 291.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.62 291.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.88 291.10 Td (indications ) Tj ET Q q 0 0 0 rg BT 330.36 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.29 291.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 380.67 291.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 431.37 291.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 474.83 291.10 Td (events ) Tj ET Q q 0 0 0 rg BT 504.98 291.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.91 291.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.72 291.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 108.34 279.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 142.19 279.10 Td (that ) Tj ET Q q 0 0 0 rg BT 159.39 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.81 279.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 209.32 279.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 241.52 279.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.05 279.10 Td (an ) Tj ET Q q 0 0 0 rg BT 263.69 279.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 285.33 279.10 Td (may ) Tj ET Q q 0 0 0 rg BT 304.75 279.10 Td (not ) Tj ET Q q 0 0 0 rg BT 319.73 279.10 Td (be ) Tj ET Q q 0 0 0 rg BT 331.37 279.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 382.70 279.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 412.67 279.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.53 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.94 279.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 489.24 279.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 515.34 279.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 552.51 279.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 99.34 267.10 Td (software ) Tj ET Q q 0 0 0 rg BT 136.40 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.48 267.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 196.11 267.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 222.07 267.10 Td (described ) Tj ET Q q 0 0 0 rg BT 263.03 267.10 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 305.64 267.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.05 267.10 Td (this ) Tj ET Q q 0 0 0 rg BT 333.14 267.10 Td (note, ) Tj ET Q q 0 0 0 rg BT 355.49 267.10 Td (there ) Tj ET Q q 0 0 0 rg BT 378.11 267.10 Td (has ) Tj ET Q q 0 0 0 rg BT 394.08 267.10 Td (been ) Tj ET Q q 0 0 0 rg BT 415.59 267.10 Td (no ) Tj ET Q q 0 0 0 rg BT 428.23 267.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 446.43 267.10 Td (on ) Tj ET Q q 0 0 0 rg BT 459.07 267.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 507.80 267.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.77 267.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 554.18 267.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 93.10 255.10 Td (assets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 229.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 99.55 229.10 Td (Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 212.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.23 212.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.29 212.10 Td (generates ) Tj ET Q q 0 0 0 rg BT 171.23 212.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 205.05 212.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 244.45 212.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.06 212.10 Td (transaction-based ) Tj ET Q q 0 0 0 rg BT 338.22 212.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 356.49 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.11 212.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 391.39 212.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.23 212.10 Td (software ) Tj ET Q q 0 0 0 rg BT 441.84 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.46 212.10 Td (related ) Tj ET Q q 0 0 0 rg BT 487.84 212.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 524.73 212.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.51 200.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 90.74 200.10 Td (user ) Tj ET Q q 0 0 0 rg BT 109.96 200.10 Td (conference ) Tj ET Q q 0 0 0 rg BT 156.38 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.38 200.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 192.05 200.10 Td (from ) Tj ET Q q 0 0 0 rg BT 214.05 200.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 265.50 200.10 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.77 200.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 352.54 200.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 386.75 200.10 Td (is ) Tj ET Q q 0 0 0 rg BT 395.99 200.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 437.42 200.10 Td (from ) Tj ET Q q 0 0 0 rg BT 459.42 200.10 Td (company-hosted ) Tj ET Q q 0 0 0 rg BT 528.08 200.10 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 104.51 188.10 Td (that ) Tj ET Q q 0 0 0 rg BT 121.73 188.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 164.50 188.10 Td (access ) Tj ET Q q 0 0 0 rg BT 192.27 188.10 Td (through ) Tj ET Q q 0 0 0 rg BT 225.61 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.05 188.10 Td (Internet. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.87 188.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 325.31 188.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 359.18 188.10 Td (is ) Tj ET Q q 0 0 0 rg BT 368.08 188.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 411.96 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.52 188.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 440.85 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.74 188.10 Td (software ) Tj ET Q q 0 0 0 rg BT 491.39 188.10 Td (services ) Tj ET Q q 0 0 0 rg BT 525.83 188.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 544.73 188.10 Td (both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.85 176.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.31 176.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 120.22 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.68 176.10 Td (transactionally) Tj ET Q q 0 0 0 rg BT 195.90 176.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.42 176.10 Td (including ) Tj ET Q q 0 0 0 rg BT 242.22 176.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 261.34 176.10 Td (based ) Tj ET Q q 0 0 0 rg BT 287.13 176.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.15 176.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.62 176.10 Td (per ) Tj ET Q q 0 0 0 rg BT 323.41 176.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 351.98 176.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 374.71 176.10 Td (or ) Tj ET Q q 0 0 0 rg BT 386.07 176.10 Td (success ) Tj ET Q q 0 0 0 rg BT 419.08 176.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 444.60 176.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 475.95 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.75 176.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 523.11 176.10 Td (base ) Tj ET Q q 0 0 0 rg BT 543.90 176.10 Td (fees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.24 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.75 164.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.94 164.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 157.00 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.08 164.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.71 164.10 Td (Success ) Tj ET Q q 0 0 0 rg BT 211.67 164.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 238.41 164.10 Td (Pricing; ) Tj ET Q q 0 0 0 rg BT 272.37 164.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 293.55 164.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 313.62 164.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 350.91 164.10 Td (fees;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.79 164.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.09 164.10 Td (education ) Tj ET Q q 0 0 0 rg BT 413.26 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.00 164.10 Td (training, ) Tj ET Q q 0 0 0 rg BT 465.90 164.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 485.42 164.10 Td (product, ) Tj ET Q q 0 0 0 rg BT 520.76 164.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 548.06 164.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (guideline ) Tj ET Q q 0 0 0 rg BT 88.39 152.10 Td (data ) Tj ET Q q 0 0 0 rg BT 106.73 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.84 152.10 Td (analytics ) Tj ET Q q 0 0 0 rg BT 160.07 152.10 Td (services ) Tj ET Q q 0 0 0 rg BT 193.95 152.10 Td (under ) Tj ET Q q 0 0 0 rg BT 218.40 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.93 152.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 266.39 152.10 Td (brand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.15 152.10 Td (; ) Tj ET Q q 0 0 0 rg BT 293.61 152.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.73 152.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 360.29 152.10 Td (services ) Tj ET Q q 0 0 0 rg BT 394.17 152.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.29 152.10 Td (include ) Tj ET Q q 0 0 0 rg BT 451.40 152.10 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 497.25 152.10 Td (implementation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.09 140.10 Td (training ) Tj ET Q q 0 0 0 rg BT 99.34 140.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.04 140.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.19 140.10 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 185.55 140.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 219.34 140.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.16 140.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 269.17 140.10 Td (from ) Tj ET Q q 0 0 0 rg BT 290.75 140.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 343.43 140.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 380.28 140.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 401.87 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.34 140.10 Td (customer) Tj ET Q q 0 0 0 rg BT 448.80 140.10 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 480.39 140.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 528.08 140.10 Td (software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 86.72 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.22 128.10 Td (related ) Tj ET Q q 0 0 0 rg BT 134.49 128.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 186.43 128.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.14 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.53 128.10 Td (As ) Tj ET Q q 0 0 0 rg BT 237.71 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.10 128.10 Td (June ) Tj ET Q q 0 0 0 rg BT 270.50 128.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 286.07 128.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 311.63 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.91 128.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.87 128.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 413.58 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.86 128.10 Td (migration ) Tj ET Q q 0 0 0 rg BT 470.81 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.21 128.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 525.82 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.66 128.10 Td (its ) Tj ET Q q 0 0 0 rg BT 549.18 128.10 Td (on-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 85.04 116.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 134.48 116.10 Td (of) Tj ET Q q 0 0 0 rg BT 142.63 116.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 172.89 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.22 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.32 116.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.10 116.10 Td (does ) Tj ET Q q 0 0 0 rg BT 272.32 116.10 Td (not ) Tj ET Q q 0 0 0 rg BT 288.98 116.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 318.97 116.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 367.84 116.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 407.27 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.93 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.04 116.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 465.30 116.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 490.30 116.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 514.73 116.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 552.50 116.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 106.98 104.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 151.69 104.10 Td (are ) Tj ET Q q 0 0 0 rg BT 166.40 104.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 204.99 104.10 Td (from ) Tj ET Q q 0 0 0 rg BT 226.93 104.10 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 87.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.55 87.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.93 87.10 Td (commences ) Tj ET Q q 0 0 0 rg BT 181.64 87.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 215.78 87.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 263.82 87.10 Td (when ) Tj ET Q q 0 0 0 rg BT 287.98 87.10 Td (all ) Tj ET Q q 0 0 0 rg BT 300.48 87.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.31 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.03 87.10 Td (following ) Tj ET Q q 0 0 0 rg BT 367.41 87.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 411.58 87.10 Td (are ) Tj ET Q q 0 0 0 rg BT 426.28 87.10 Td (satisfied:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 70.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 70.70 Td (There ) Tj ET Q q 0 0 0 rg BT 147.32 70.70 Td (is ) Tj ET Q q 0 0 0 rg BT 156.49 70.70 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 201.19 70.70 Td (evidence ) Tj ET Q q 0 0 0 rg BT 239.22 70.70 Td (of ) Tj ET Q q 0 0 0 rg BT 250.05 70.70 Td (an ) Tj ET Q q 0 0 0 rg BT 261.99 70.70 Td (arrangement;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 54.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 54.30 Td (The ) Tj ET Q q 0 0 0 rg BT 139.55 54.30 Td (service ) Tj ET Q q 0 0 0 rg BT 170.36 54.30 Td (has ) Tj ET Q q 0 0 0 rg BT 186.19 54.30 Td (been ) Tj ET Q q 0 0 0 rg BT 207.57 54.30 Td (or ) Tj ET Q q 0 0 0 rg BT 218.40 54.30 Td (is ) Tj ET Q q 0 0 0 rg BT 227.57 54.30 Td (being ) Tj ET Q q 0 0 0 rg BT 252.29 54.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 290.33 54.30 Td (to ) Tj ET Q q 0 0 0 rg BT 300.61 54.30 Td (the ) Tj ET Q q 0 0 0 rg BT 315.33 54.30 Td (customer;) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 139.55 740.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 181.48 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.31 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.02 740.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 225.62 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 234.79 740.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 280.61 740.10 Td (assured; ) Tj ET Q q 0 0 0 rg BT 315.88 740.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 723.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 723.70 Td (The ) Tj ET Q q 0 0 0 rg BT 139.55 723.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 172.04 723.70 Td (of ) Tj ET Q q 0 0 0 rg BT 182.87 723.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 201.47 723.70 Td (to ) Tj ET Q q 0 0 0 rg BT 211.75 723.70 Td (be ) Tj ET Q q 0 0 0 rg BT 223.69 723.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 243.40 723.70 Td (by ) Tj ET Q q 0 0 0 rg BT 255.90 723.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.62 723.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 309.78 723.70 Td (is ) Tj ET Q q 0 0 0 rg BT 318.95 723.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 341.99 723.70 Td (or ) Tj ET Q q 0 0 0 rg BT 352.82 723.70 Td (determinable.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 696.13505859375 m 166.5517578125 696.13505859375 l s q 0 0 0 rg BT 73.50 697.70 Td (On-Demand ) Tj ET Q q 0 0 0 rg BT 127.11 697.70 Td (Revenues) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 680.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 127.32 680.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 165.39 680.70 Td (and ) Tj ET Q q 0 0 0 rg BT 185.15 680.70 Td (Usage-Based ) Tj ET Q q 0 0 0 rg BT 243.24 680.70 Td (Fee ) Tj ET Q q 0 0 0 rg BT 262.64 680.70 Td (Arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.80 680.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.56 680.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 381.88 680.70 Td (services ) Tj ET Q q 0 0 0 rg BT 418.84 680.70 Td (and ) Tj ET Q q 0 0 0 rg BT 438.04 680.70 Td (usage-based ) Tj ET Q q 0 0 0 rg BT 491.67 680.70 Td (fee ) Tj ET Q q 0 0 0 rg BT 508.64 680.70 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.97 668.70 Td (include ) Tj ET Q q 0 0 0 rg BT 122.66 668.70 Td (a ) Tj ET Q q 0 0 0 rg BT 130.36 668.70 Td (combination ) Tj ET Q q 0 0 0 rg BT 183.62 668.70 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.95 668.70 Td ( ) Tj ET Q q 0 0 0 rg BT 195.21 668.70 Td (the ) Tj ET Q q 0 0 0 rg BT 210.69 668.70 Td (Company) Tj ET Q q 0 0 0 rg BT 252.36 668.70 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.51 668.70 Td (products ) Tj ET Q q 0 0 0 rg BT 297.21 668.70 Td (delivered ) Tj ET Q q 0 0 0 rg BT 337.68 668.70 Td (as ) Tj ET Q q 0 0 0 rg BT 349.27 668.70 Td (software-as-a-service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.77 668.70 Td ( ) Tj ET Q q 0 0 0 rg BT 438.04 668.70 Td (\(SaaS\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.84 668.70 Td (and ) Tj ET Q q 0 0 0 rg BT 494.54 668.70 Td (support ) Tj ET Q q 0 0 0 rg BT 527.80 668.70 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.70 Td (These ) Tj ET Q q 0 0 0 rg BT 75.92 656.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 132.32 656.70 Td (are ) Tj ET Q q 0 0 0 rg BT 147.07 656.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 186.81 656.70 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 249.87 656.70 Td (and ) Tj ET Q q 0 0 0 rg BT 266.85 656.70 Td (do ) Tj ET Q q 0 0 0 rg BT 279.39 656.70 Td (not ) Tj ET Q q 0 0 0 rg BT 294.71 656.70 Td (contain ) Tj ET Q q 0 0 0 rg BT 326.68 656.70 Td (refund-type ) Tj ET Q q 0 0 0 rg BT 375.87 656.70 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 422.39 656.70 Td (This ) Tj ET Q q 0 0 0 rg BT 442.71 656.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 476.90 656.70 Td (typically ) Tj ET Q q 0 0 0 rg BT 514.43 656.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 550.30 656.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.70 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.17 644.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 627.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 141.41 627.70 Td (Revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.77 627.70 Td ( ) Tj ET Q q 0 0 0 rg BT 179.03 627.70 Td (The ) Tj ET Q q 0 0 0 rg BT 195.94 627.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 236.18 627.70 Td (of) Tj ET Q q 0 0 0 rg BT 244.33 627.70 Td (fers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.68 627.70 Td (web-based, ) Tj ET Q q 0 0 0 rg BT 307.29 627.70 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 353.64 627.70 Td (access ) Tj ET Q q 0 0 0 rg BT 380.53 627.70 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.31 627.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.67 627.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 436.57 627.70 Td (software ) Tj ET Q q 0 0 0 rg BT 472.36 627.70 Td (for ) Tj ET Q q 0 0 0 rg BT 485.37 627.70 Td (a ) Tj ET Q q 0 0 0 rg BT 491.17 627.70 Td (monthly ) Tj ET Q q 0 0 0 rg BT 525.86 627.70 Td (recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 615.70 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.71 615.70 Td ( ) Tj ET Q q 0 0 0 rg BT 89.08 615.70 Td (The ) Tj ET Q q 0 0 0 rg BT 107.19 615.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.64 615.70 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.64 615.70 Td (the ) Tj ET Q q 0 0 0 rg BT 200.42 615.70 Td (right ) Tj ET Q q 0 0 0 rg BT 221.86 615.70 Td (to ) Tj ET Q q 0 0 0 rg BT 232.20 615.70 Td (access) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.74 615.70 Td ( ) Tj ET Q q 0 0 0 rg BT 260.30 615.70 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.31 615.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 292.09 615.70 Td (origination ) Tj ET Q q 0 0 0 rg BT 338.53 615.70 Td (software ) Tj ET Q q 0 0 0 rg BT 375.52 615.70 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.96 615.70 Td ( ) Tj ET Q q 0 0 0 rg BT 392.52 615.70 Td (handles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.63 615.70 Td (the ) Tj ET Q q 0 0 0 rg BT 440.41 615.70 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 497.41 615.70 Td (of ) Tj ET Q q 0 0 0 rg BT 508.30 615.70 Td (managing ) Tj ET Q q 0 0 0 rg BT 550.30 615.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 603.70 Td (servers, ) Tj ET Q q 0 0 0 rg BT 106.29 603.70 Td (providing ) Tj ET Q q 0 0 0 rg BT 148.64 603.70 Td (security) Tj ET Q q 0 0 0 rg BT 179.64 603.70 Td (, ) Tj ET Q q 0 0 0 rg BT 185.61 603.70 Td (backing ) Tj ET Q q 0 0 0 rg BT 220.73 603.70 Td (up ) Tj ET Q q 0 0 0 rg BT 234.20 603.70 Td (the ) Tj ET Q q 0 0 0 rg BT 249.88 603.70 Td (data ) Tj ET Q q 0 0 0 rg BT 270.00 603.70 Td (and ) Tj ET Q q 0 0 0 rg BT 287.91 603.70 Td (applying ) Tj ET Q q 0 0 0 rg BT 326.37 603.70 Td (updates. ) Tj ET Q q 0 0 0 rg BT 362.88 603.70 Td (Customers ) Tj ET Q q 0 0 0 rg BT 409.12 603.70 Td (under ) Tj ET Q q 0 0 0 rg BT 435.36 603.70 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 458.82 603.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 516.15 603.70 Td (do ) Tj ET Q q 0 0 0 rg BT 529.62 603.70 Td (not ) Tj ET Q q 0 0 0 rg BT 545.86 603.70 Td (take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 591.70 Td (possession ) Tj ET Q q 0 0 0 rg BT 116.97 591.70 Td (of ) Tj ET Q q 0 0 0 rg BT 127.48 591.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.88 591.70 Td (software ) Tj ET Q q 0 0 0 rg BT 178.50 591.70 Td (at ) Tj ET Q q 0 0 0 rg BT 187.90 591.70 Td (any ) Tj ET Q q 0 0 0 rg BT 204.52 591.70 Td (time ) Tj ET Q q 0 0 0 rg BT 224.48 591.70 Td (during ) Tj ET Q q 0 0 0 rg BT 252.77 591.70 Td (the ) Tj ET Q q 0 0 0 rg BT 267.17 591.70 Td (term ) Tj ET Q q 0 0 0 rg BT 287.68 591.70 Td (of ) Tj ET Q q 0 0 0 rg BT 298.19 591.70 Td (the ) Tj ET Q q 0 0 0 rg BT 312.59 591.70 Td (agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.73 591.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.92 591.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 411.66 591.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 445.49 591.70 Td (is ) Tj ET Q q 0 0 0 rg BT 454.34 591.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 500.39 591.70 Td (ratably ) Tj ET Q q 0 0 0 rg BT 530.34 591.70 Td (over ) Tj ET Q q 0 0 0 rg BT 550.29 591.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 579.70 Td (contract ) Tj ET Q q 0 0 0 rg BT 107.12 579.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 132.25 579.70 Td (as ) Tj ET Q q 0 0 0 rg BT 143.49 579.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 195.30 579.70 Td (services ) Tj ET Q q 0 0 0 rg BT 230.42 579.70 Td (are ) Tj ET Q q 0 0 0 rg BT 245.54 579.70 Td (provided, ) Tj ET Q q 0 0 0 rg BT 286.50 579.70 Td (beginning ) Tj ET Q q 0 0 0 rg BT 329.41 579.70 Td (on ) Tj ET Q q 0 0 0 rg BT 342.33 579.70 Td (the ) Tj ET Q q 0 0 0 rg BT 357.46 579.70 Td (commencement ) Tj ET Q q 0 0 0 rg BT 423.68 579.70 Td (date ) Tj ET Q q 0 0 0 rg BT 443.25 579.70 Td (of ) Tj ET Q q 0 0 0 rg BT 454.50 579.70 Td (each ) Tj ET Q q 0 0 0 rg BT 475.73 579.70 Td (contract, ) Tj ET Q q 0 0 0 rg BT 513.34 579.70 Td (which ) Tj ET Q q 0 0 0 rg BT 540.70 579.70 Td (is ) Tj ET Q q 0 0 0 rg BT 550.28 579.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 567.70 Td (date ) Tj ET Q q 0 0 0 rg BT 91.16 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 105.87 567.70 Td (Company) Tj ET Q q 0 0 0 rg BT 147.54 567.70 Td (s ) Tj ET Q q 0 0 0 rg BT 153.93 567.70 Td (service ) Tj ET Q q 0 0 0 rg BT 184.74 567.70 Td (is ) Tj ET Q q 0 0 0 rg BT 193.91 567.70 Td (made ) Tj ET Q q 0 0 0 rg BT 218.07 567.70 Td (available ) Tj ET Q q 0 0 0 rg BT 256.66 567.70 Td (to ) Tj ET Q q 0 0 0 rg BT 266.94 567.70 Td (customers.Contracts ) Tj ET Q q 0 0 0 rg BT 353.31 567.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 393.01 567.70 Td (range ) Tj ET Q q 0 0 0 rg BT 417.72 567.70 Td (from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.16 567.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.66 567.70 Td (one ) Tj ET Q q 0 0 0 rg BT 456.59 567.70 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 567.70 Td ( ) Tj ET Q q 0 0 0 rg BT 476.30 567.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.58 567.70 Td (five ) Tj ET Q q 0 0 0 rg BT 504.63 567.70 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.73 567.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 550.70 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 146.61 550.70 Td (, ) Tj ET Q q 0 0 0 rg BT 151.94 550.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 195.32 550.70 Td (can ) Tj ET Q q 0 0 0 rg BT 212.03 550.70 Td (elect ) Tj ET Q q 0 0 0 rg BT 233.73 550.70 Td (to ) Tj ET Q q 0 0 0 rg BT 244.34 550.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 261.61 550.70 Td (on ) Tj ET Q q 0 0 0 rg BT 274.45 550.70 Td (a ) Tj ET Q q 0 0 0 rg BT 281.72 550.70 Td (success ) Tj ET Q q 0 0 0 rg BT 314.54 550.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 339.87 550.70 Td (Success ) Tj ET Q q 0 0 0 rg BT 374.36 550.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 397.20 550.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 436.12 550.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 476.16 550.70 Td (have ) Tj ET Q q 0 0 0 rg BT 497.86 550.70 Td (a ) Tj ET Q q 0 0 0 rg BT 505.13 550.70 Td (term ) Tj ET Q q 0 0 0 rg BT 526.29 550.70 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.62 550.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 550.70 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.89 550.70 Td ( ) Tj ET Q q 0 0 0 rg BT 554.72 550.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 538.70 Td (five ) Tj ET Q q 0 0 0 rg BT 89.04 538.70 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.14 538.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.63 538.70 Td (and ) Tj ET Q q 0 0 0 rg BT 127.56 538.70 Td (are ) Tj ET Q q 0 0 0 rg BT 141.26 538.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.07 538.70 Td (to ) Tj ET Q q 0 0 0 rg BT 180.34 538.70 Td (monthly ) Tj ET Q q 0 0 0 rg BT 215.17 538.70 Td (base ) Tj ET Q q 0 0 0 rg BT 234.43 538.70 Td (fees, ) Tj ET Q q 0 0 0 rg BT 254.52 538.70 Td (which ) Tj ET Q q 0 0 0 rg BT 280.45 538.70 Td (enable ) Tj ET Q q 0 0 0 rg BT 308.04 538.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 350.08 538.70 Td (to ) Tj ET Q q 0 0 0 rg BT 359.35 538.70 Td (close ) Tj ET Q q 0 0 0 rg BT 381.38 538.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 403.98 538.70 Td (up ) Tj ET Q q 0 0 0 rg BT 415.48 538.70 Td (to ) Tj ET Q q 0 0 0 rg BT 424.75 538.70 Td (a ) Tj ET Q q 0 0 0 rg BT 430.68 538.70 Td (contractually ) Tj ET Q q 0 0 0 rg BT 484.37 538.70 Td (agreed-to ) Tj ET Q q 0 0 0 rg BT 523.61 538.70 Td (minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 526.70 Td (number ) Tj ET Q q 0 0 0 rg BT 105.93 526.70 Td (of ) Tj ET Q q 0 0 0 rg BT 117.64 526.70 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 171.29 526.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.11 526.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 232.49 526.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 261.42 526.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 282.02 526.70 Td (fees, ) Tj ET Q q 0 0 0 rg BT 304.00 526.70 Td (which ) Tj ET Q q 0 0 0 rg BT 331.82 526.70 Td (are ) Tj ET Q q 0 0 0 rg BT 347.42 526.70 Td (assessed ) Tj ET Q q 0 0 0 rg BT 384.68 526.70 Td (for ) Tj ET Q q 0 0 0 rg BT 399.72 526.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 424.22 526.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 453.15 526.70 Td (in ) Tj ET Q q 0 0 0 rg BT 464.31 526.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 493.79 526.70 Td (of ) Tj ET Q q 0 0 0 rg BT 505.51 526.70 Td (the ) Tj ET Q q 0 0 0 rg BT 521.11 526.70 Td (minimum. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 514.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 109.57 514.70 Td (is ) Tj ET Q q 0 0 0 rg BT 118.82 514.70 Td (earned ) Tj ET Q q 0 0 0 rg BT 148.05 514.70 Td (from ) Tj ET Q q 0 0 0 rg BT 170.08 514.70 Td (both ) Tj ET Q q 0 0 0 rg BT 190.44 514.70 Td (base ) Tj ET Q q 0 0 0 rg BT 210.79 514.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 229.48 514.70 Td (and ) Tj ET Q q 0 0 0 rg BT 246.50 514.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 289.07 514.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 317.21 514.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 337.01 514.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 355.69 514.70 Td (as ) Tj ET Q q 0 0 0 rg BT 366.60 514.70 Td (the ) Tj ET Q q 0 0 0 rg BT 381.41 514.70 Td (result ) Tj ET Q q 0 0 0 rg BT 406.21 514.70 Td (of ) Tj ET Q q 0 0 0 rg BT 417.12 514.70 Td (the ) Tj ET Q q 0 0 0 rg BT 431.92 514.70 Td (customer) Tj ET Q q 0 0 0 rg BT 468.95 514.70 Td () Tj ET Q q 0 0 0 rg BT 471.73 514.70 Td (s ) Tj ET Q q 0 0 0 rg BT 478.20 514.70 Td (usage ) Tj ET Q q 0 0 0 rg BT 503.56 514.70 Td (of ) Tj ET Q q 0 0 0 rg BT 514.47 514.70 Td (Encompass. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 502.70 Td (Monthly ) Tj ET Q q 0 0 0 rg BT 109.98 502.70 Td (base ) Tj ET Q q 0 0 0 rg BT 131.28 502.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 150.91 502.70 Td (are ) Tj ET Q q 0 0 0 rg BT 166.65 502.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 214.04 502.70 Td (over ) Tj ET Q q 0 0 0 rg BT 235.34 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 251.09 502.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 295.16 502.70 Td (monthly ) Tj ET Q q 0 0 0 rg BT 332.02 502.70 Td (service ) Tj ET Q q 0 0 0 rg BT 363.87 502.70 Td (period ) Tj ET Q q 0 0 0 rg BT 392.95 502.70 Td (as ) Tj ET Q q 0 0 0 rg BT 404.81 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 420.56 502.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 472.98 502.70 Td (services ) Tj ET Q q 0 0 0 rg BT 508.72 502.70 Td (are ) Tj ET Q q 0 0 0 rg BT 524.46 502.70 Td (provided. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 490.70 Td (Additional ) Tj ET Q q 0 0 0 rg BT 117.56 490.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 145.90 490.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 169.80 490.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 188.69 490.70 Td (are ) Tj ET Q q 0 0 0 rg BT 203.69 490.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 250.34 490.70 Td (when ) Tj ET Q q 0 0 0 rg BT 274.79 490.70 Td (the ) Tj ET Q q 0 0 0 rg BT 289.80 490.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 313.70 490.70 Td (are ) Tj ET Q q 0 0 0 rg BT 328.69 490.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 364.80 490.70 Td (as ) Tj ET Q q 0 0 0 rg BT 375.92 490.70 Td (closed. ) Tj ET Q q 0 0 0 rg BT 406.56 490.70 Td (This ) Tj ET Q q 0 0 0 rg BT 427.13 490.70 Td (of) Tj ET Q q 0 0 0 rg BT 435.27 490.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 461.94 490.70 Td (also ) Tj ET Q q 0 0 0 rg BT 480.84 490.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 516.96 490.70 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 478.70 Td (CenterW) Tj ET Q q 0 0 0 rg BT 107.69 478.70 Td (ise, ) Tj ET Q q 0 0 0 rg BT 123.24 478.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 170.73 478.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 220.98 478.70 Td (Service, ) Tj ET Q q 0 0 0 rg BT 255.41 478.70 Td (and ) Tj ET Q q 0 0 0 rg BT 271.79 478.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 319.27 478.70 Td (Docs ) Tj ET Q q 0 0 0 rg BT 341.76 478.70 Td (Solution ) Tj ET Q q 0 0 0 rg BT 377.60 478.70 Td (as ) Tj ET Q q 0 0 0 rg BT 387.86 478.70 Td (integrated ) Tj ET Q q 0 0 0 rg BT 429.78 478.70 Td (components, ) Tj ET Q q 0 0 0 rg BT 482.55 478.70 Td (which ) Tj ET Q q 0 0 0 rg BT 508.92 478.70 Td (are ) Tj ET Q q 0 0 0 rg BT 523.07 478.70 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 466.70 Td (elements ) Tj ET Q q 0 0 0 rg BT 109.98 466.70 Td (of ) Tj ET Q q 0 0 0 rg BT 120.75 466.70 Td (the ) Tj ET Q q 0 0 0 rg BT 135.40 466.70 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 187.81 466.70 Td (that ) Tj ET Q q 0 0 0 rg BT 205.24 466.70 Td (are ) Tj ET Q q 0 0 0 rg BT 219.89 466.70 Td (delivered ) Tj ET Q q 0 0 0 rg BT 259.53 466.70 Td (in ) Tj ET Q q 0 0 0 rg BT 269.75 466.70 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 319.40 466.70 Td (with ) Tj ET Q q 0 0 0 rg BT 339.61 466.70 Td (the ) Tj ET Q q 0 0 0 rg BT 354.27 466.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 402.25 466.70 Td (of) Tj ET Q q 0 0 0 rg BT 410.40 466.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 436.72 466.70 Td (and ) Tj ET Q q 0 0 0 rg BT 453.59 466.70 Td (therefore ) Tj ET Q q 0 0 0 rg BT 492.11 466.70 Td (are ) Tj ET Q q 0 0 0 rg BT 506.76 466.70 Td (not ) Tj ET Q q 0 0 0 rg BT 521.98 466.70 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 454.70 Td (for ) Tj ET Q q 0 0 0 rg BT 86.16 454.70 Td (separately) Tj ET Q q 0 0 0 rg BT 126.04 454.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.54 454.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.50 437.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 129.07 437.70 Td (Revenue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.70 437.70 Td (The ) Tj ET Q q 0 0 0 rg BT 183.50 437.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.65 437.70 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.34 437.70 Td (a ) Tj ET Q q 0 0 0 rg BT 265.04 437.70 Td (variety ) Tj ET Q q 0 0 0 rg BT 294.06 437.70 Td (of ) Tj ET Q q 0 0 0 rg BT 303.65 437.70 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 373.21 437.70 Td (and ) Tj ET Q q 0 0 0 rg BT 388.90 437.70 Td (other ) Tj ET Q q 0 0 0 rg BT 410.71 437.70 Td (business ) Tj ET Q q 0 0 0 rg BT 445.86 437.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 481.83 437.70 Td (including ) Tj ET Q q 0 0 0 rg BT 520.86 437.70 Td (automated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.70 Td (documentation; ) Tj ET Q q 0 0 0 rg BT 138.50 425.70 Td (fraud ) Tj ET Q q 0 0 0 rg BT 163.88 425.70 Td (detection, ) Tj ET Q q 0 0 0 rg BT 207.32 425.70 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 251.33 425.70 Td (validation, ) Tj ET Q q 0 0 0 rg BT 298.11 425.70 Td (and ) Tj ET Q q 0 0 0 rg BT 316.83 425.70 Td (risk ) Tj ET Q q 0 0 0 rg BT 336.12 425.70 Td (analysis; ) Tj ET Q q 0 0 0 rg BT 375.41 425.70 Td (income ) Tj ET Q q 0 0 0 rg BT 409.13 425.70 Td (verification; ) Tj ET Q q 0 0 0 rg BT 462.29 425.70 Td (marketing ) Tj ET Q q 0 0 0 rg BT 507.12 425.70 Td (and ) Tj ET Q q 0 0 0 rg BT 525.85 425.70 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.70 Td (relationship ) Tj ET Q q 0 0 0 rg BT 121.23 413.70 Td (management; ) Tj ET Q q 0 0 0 rg BT 177.12 413.70 Td (product ) Tj ET Q q 0 0 0 rg BT 209.68 413.70 Td (and ) Tj ET Q q 0 0 0 rg BT 226.14 413.70 Td (pricing; ) Tj ET Q q 0 0 0 rg BT 259.26 413.70 Td (flood ) Tj ET Q q 0 0 0 rg BT 282.38 413.70 Td (zone ) Tj ET Q q 0 0 0 rg BT 303.28 413.70 Td (certifications; ) Tj ET Q q 0 0 0 rg BT 360.27 413.70 Td (website ) Tj ET Q q 0 0 0 rg BT 392.84 413.70 Td (and ) Tj ET Q q 0 0 0 rg BT 409.29 413.70 Td (electronic ) Tj ET Q q 0 0 0 rg BT 450.73 413.70 Td (document ) Tj ET Q q 0 0 0 rg BT 492.18 413.70 Td (management; ) Tj ET Q q 0 0 0 rg BT 548.07 413.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 120.59 401.70 Td (reports. ) Tj ET Q q 0 0 0 rg BT 153.36 401.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 189.73 401.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 223.88 401.70 Td (is ) Tj ET Q q 0 0 0 rg BT 233.05 401.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 279.41 401.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 301.91 401.70 Td (completion ) Tj ET Q q 0 0 0 rg BT 349.40 401.70 Td (of ) Tj ET Q q 0 0 0 rg BT 360.23 401.70 Td (the ) Tj ET Q q 0 0 0 rg BT 374.95 401.70 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.66 401.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 384.70 Td (T) Tj ET Q q 0 0 0 rg BT 77.01 384.70 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 130.44 384.70 Td (and ) Tj ET Q q 0 0 0 rg BT 148.31 384.70 Td (Other ) Tj ET Q q 0 0 0 rg BT 174.51 384.70 Td (Revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.87 384.70 Td ( ) Tj ET Q q 0 0 0 rg BT 213.54 384.70 Td (The ) Tj ET Q q 0 0 0 rg BT 231.95 384.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.71 384.70 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.91 384.70 Td (entered ) Tj ET Q q 0 0 0 rg BT 322.21 384.70 Td (into ) Tj ET Q q 0 0 0 rg BT 340.64 384.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 389.04 384.70 Td (with ) Tj ET Q q 0 0 0 rg BT 409.69 384.70 Td (various ) Tj ET Q q 0 0 0 rg BT 442.00 384.70 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 476.25 384.70 Td (service ) Tj ET Q q 0 0 0 rg BT 507.43 384.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 548.07 384.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.49 372.70 Td (government-sponsored ) Tj ET Q q 0 0 0 rg BT 173.92 372.70 Td (entities ) Tj ET Q q 0 0 0 rg BT 205.58 372.70 Td (participating ) Tj ET Q q 0 0 0 rg BT 258.91 372.70 Td (in ) Tj ET Q q 0 0 0 rg BT 269.47 372.70 Td (the ) Tj ET Q q 0 0 0 rg BT 284.47 372.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 325.02 372.70 Td (origination ) Tj ET Q q 0 0 0 rg BT 371.68 372.70 Td (process ) Tj ET Q q 0 0 0 rg BT 404.46 372.70 Td (that ) Tj ET Q q 0 0 0 rg BT 422.24 372.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 455.57 372.70 Td (them ) Tj ET Q q 0 0 0 rg BT 478.35 372.70 Td (access ) Tj ET Q q 0 0 0 rg BT 506.67 372.70 Td (to, ) Tj ET Q q 0 0 0 rg BT 519.74 372.70 Td (and ) Tj ET Q q 0 0 0 rg BT 536.96 372.70 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.70 Td (to ) Tj ET Q q 0 0 0 rg BT 59.28 360.70 Td (interoperate ) Tj ET Q q 0 0 0 rg BT 109.03 360.70 Td (with, ) Tj ET Q q 0 0 0 rg BT 131.31 360.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 171.07 360.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 216.40 360.70 Td (on ) Tj ET Q q 0 0 0 rg BT 228.40 360.70 Td (the ) Tj ET Q q 0 0 0 rg BT 242.62 360.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 263.50 360.70 Td (Mae ) Tj ET Q q 0 0 0 rg BT 283.27 360.70 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.76 360.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.76 360.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 349.75 360.70 Td (these ) Tj ET Q q 0 0 0 rg BT 372.30 360.70 Td (agreements,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.33 360.70 Td ( ) Tj ET Q q 0 0 0 rg BT 422.33 360.70 Td (the ) Tj ET Q q 0 0 0 rg BT 436.55 360.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 477.44 360.70 Td (earns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.54 360.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 546.41 360.70 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.70 Td (when ) Tj ET Q q 0 0 0 rg BT 74.47 348.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 125.54 348.70 Td (are ) Tj ET Q q 0 0 0 rg BT 141.06 348.70 Td (processed ) Tj ET Q q 0 0 0 rg BT 183.79 348.70 Td (through ) Tj ET Q q 0 0 0 rg BT 218.21 348.70 Td (the ) Tj ET Q q 0 0 0 rg BT 233.73 348.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 255.92 348.70 Td (Mae ) Tj ET Q q 0 0 0 rg BT 277.00 348.70 Td (Network.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.49 348.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.56 348.70 Td (T) Tj ET Q q 0 0 0 rg BT 323.32 348.70 Td (ransactional ) Tj ET Q q 0 0 0 rg BT 374.93 348.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 409.89 348.70 Td (is ) Tj ET Q q 0 0 0 rg BT 419.87 348.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 467.04 348.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 490.34 348.70 Td (completion ) Tj ET Q q 0 0 0 rg BT 538.64 348.70 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 348.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.70 Td (services.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 319.70 Td (Pr) Tj ET Q q 0 0 0 rg BT 81.63 319.70 Td (ofessional Services Revenue.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 196.86 319.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.36 319.70 Td (Professional services revenue is generally recognized upon delivery or completion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.70 Td (performance milestones for fixed price contracts or as the services are rendered for time and material contracts. ) Tj ET Q q 0 0 0 rg BT 496.89 307.70 Td (The majority of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.70 Td (the Company) Tj ET Q q 0 0 0 rg BT 105.88 295.70 Td (s professional services contracts are on a fixed price basis. ) Tj ET Q q 0 0 0 rg BT 341.45 295.70 Td (T) Tj ET Q q 0 0 0 rg BT 347.21 295.70 Td (raining revenue is recognized as the services are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.70 Td (rendered.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.98 283.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 266.70 Td (Subscriptions ) Tj ET Q q 0 0 0 rg BT 128.83 266.70 Td (to ) Tj ET Q q 0 0 0 rg BT 138.98 266.70 Td (Online ) Tj ET Q q 0 0 0 rg BT 168.58 266.70 Td (Resear) Tj ET Q q 0 0 0 rg BT 195.97 266.70 Td (ch ) Tj ET Q q 0 0 0 rg BT 207.79 266.70 Td (and ) Tj ET Q q 0 0 0 rg BT 225.17 266.70 Td (Data ) Tj ET Q q 0 0 0 rg BT 247.55 266.70 Td (Resour) Tj ET Q q 0 0 0 rg BT 275.51 266.70 Td (ces.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 290.77 266.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.15 266.70 Td (The ) Tj ET Q q 0 0 0 rg BT 311.08 266.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 352.34 266.70 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.16 266.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 429.30 266.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 475.00 266.70 Td (and ) Tj ET Q q 0 0 0 rg BT 491.82 266.70 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 544.73 266.70 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.70 Td (access ) Tj ET Q q 0 0 0 rg BT 78.65 254.70 Td (to ) Tj ET Q q 0 0 0 rg BT 90.05 254.70 Td (online ) Tj ET Q q 0 0 0 rg BT 118.66 254.70 Td (databases ) Tj ET Q q 0 0 0 rg BT 160.59 254.70 Td (of ) Tj ET Q q 0 0 0 rg BT 172.54 254.70 Td (various ) Tj ET Q q 0 0 0 rg BT 205.60 254.70 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.97 254.70 Td (and ) Tj ET Q q 0 0 0 rg BT 255.02 254.70 Td (state ) Tj ET Q q 0 0 0 rg BT 276.97 254.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 298.91 254.70 Td (and ) Tj ET Q q 0 0 0 rg BT 316.97 254.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 365.02 254.70 Td (and ) Tj ET Q q 0 0 0 rg BT 383.08 254.70 Td (forms ) Tj ET Q q 0 0 0 rg BT 410.02 254.70 Td (as ) Tj ET Q q 0 0 0 rg BT 421.97 254.70 Td (well ) Tj ET Q q 0 0 0 rg BT 442.80 254.70 Td (as ) Tj ET Q q 0 0 0 rg BT 454.75 254.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 496.13 254.70 Td (investor ) Tj ET Q q 0 0 0 rg BT 531.97 254.70 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.70 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 96.29 242.70 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 150.03 242.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 169.31 242.70 Td (are ) Tj ET Q q 0 0 0 rg BT 184.70 242.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 231.75 242.70 Td (ratably ) Tj ET Q q 0 0 0 rg BT 262.69 242.70 Td (over ) Tj ET Q q 0 0 0 rg BT 283.65 242.70 Td (the ) Tj ET Q q 0 0 0 rg BT 299.05 242.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 351.12 242.70 Td (term ) Tj ET Q q 0 0 0 rg BT 372.63 242.70 Td (as ) Tj ET Q q 0 0 0 rg BT 384.14 242.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 436.21 242.70 Td (services ) Tj ET Q q 0 0 0 rg BT 471.60 242.70 Td (are ) Tj ET Q q 0 0 0 rg BT 486.99 242.70 Td (provided, ) Tj ET Q q 0 0 0 rg BT 528.22 242.70 Td (which ) Tj ET Q q 0 0 0 rg BT 555.84 242.70 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.70 Td (typically ) Tj ET Q q 0 0 0 rg BT 86.99 230.70 Td (one ) Tj ET Q q 0 0 0 rg BT 103.93 230.70 Td (year) Tj ET Q q 0 0 0 rg BT 120.58 230.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 203.13505859375005 m 160.9853515625 203.13505859375005 l s q 0 0 0 rg BT 73.50 204.70 Td (On-Premise ) Tj ET Q q 0 0 0 rg BT 125.44 204.70 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 187.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 109.22 187.70 Td (from ) Tj ET Q q 0 0 0 rg BT 130.88 187.70 Td (the ) Tj ET Q q 0 0 0 rg BT 145.33 187.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 163.11 187.70 Td (of ) Tj ET Q q 0 0 0 rg BT 173.67 187.70 Td (software ) Tj ET Q q 0 0 0 rg BT 210.33 187.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 244.21 187.70 Td (is ) Tj ET Q q 0 0 0 rg BT 253.12 187.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 299.21 187.70 Td (in ) Tj ET Q q 0 0 0 rg BT 309.22 187.70 Td (the ) Tj ET Q q 0 0 0 rg BT 323.66 187.70 Td (month ) Tj ET Q q 0 0 0 rg BT 351.45 187.70 Td (in ) Tj ET Q q 0 0 0 rg BT 361.46 187.70 Td (which ) Tj ET Q q 0 0 0 rg BT 388.13 187.70 Td (the ) Tj ET Q q 0 0 0 rg BT 402.58 187.70 Td (required ) Tj ET Q q 0 0 0 rg BT 438.12 187.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 472.00 187.70 Td (recognition ) Tj ET Q q 0 0 0 rg BT 519.77 187.70 Td (criteria ) Tj ET Q q 0 0 0 rg BT 550.31 187.70 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.70 Td (met, ) Tj ET Q q 0 0 0 rg BT 69.68 175.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 109.56 175.70 Td (in ) Tj ET Q q 0 0 0 rg BT 120.02 175.70 Td (the ) Tj ET Q q 0 0 0 rg BT 134.92 175.70 Td (month ) Tj ET Q q 0 0 0 rg BT 163.16 175.70 Td (in ) Tj ET Q q 0 0 0 rg BT 173.62 175.70 Td (which ) Tj ET Q q 0 0 0 rg BT 200.74 175.70 Td (the ) Tj ET Q q 0 0 0 rg BT 215.64 175.70 Td (software ) Tj ET Q q 0 0 0 rg BT 252.75 175.70 Td (is ) Tj ET Q q 0 0 0 rg BT 262.10 175.70 Td (delivered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.80 175.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.49 175.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 342.15 175.70 Td (from ) Tj ET Q q 0 0 0 rg BT 364.27 175.70 Td (the ) Tj ET Q q 0 0 0 rg BT 379.17 175.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 397.40 175.70 Td (of ) Tj ET Q q 0 0 0 rg BT 408.42 175.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 461.62 175.70 Td (services ) Tj ET Q q 0 0 0 rg BT 496.51 175.70 Td (and ) Tj ET Q q 0 0 0 rg BT 513.63 175.70 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.70 Td (services ) Tj ET Q q 0 0 0 rg BT 83.21 163.70 Td (is ) Tj ET Q q 0 0 0 rg BT 91.38 163.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 136.75 163.70 Td (over ) Tj ET Q q 0 0 0 rg BT 156.02 163.70 Td (the ) Tj ET Q q 0 0 0 rg BT 169.74 163.70 Td (period ) Tj ET Q q 0 0 0 rg BT 196.79 163.70 Td (in ) Tj ET Q q 0 0 0 rg BT 206.07 163.70 Td (which ) Tj ET Q q 0 0 0 rg BT 232.01 163.70 Td (the ) Tj ET Q q 0 0 0 rg BT 245.73 163.70 Td (services ) Tj ET Q q 0 0 0 rg BT 279.44 163.70 Td (are ) Tj ET Q q 0 0 0 rg BT 293.15 163.70 Td (provided.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.20 163.70 Td ( ) Tj ET Q q 0 0 0 rg BT 332.37 163.70 Td (As ) Tj ET Q q 0 0 0 rg BT 344.99 163.70 Td (of ) Tj ET Q q 0 0 0 rg BT 354.82 163.70 Td (June ) Tj ET Q q 0 0 0 rg BT 374.65 163.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 388.65 163.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 412.66 163.70 Td (the ) Tj ET Q q 0 0 0 rg BT 426.38 163.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 466.77 163.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 509.92 163.70 Td (the ) Tj ET Q q 0 0 0 rg BT 523.64 163.70 Td (migration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 151.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 103.38 151.70 Td (to ) Tj ET Q q 0 0 0 rg BT 113.66 151.70 Td (its ) Tj ET Q q 0 0 0 rg BT 125.60 151.70 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 173.09 151.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 221.14 151.70 Td (of) Tj ET Q q 0 0 0 rg BT 229.29 151.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 258.16 151.70 Td (and ) Tj ET Q q 0 0 0 rg BT 275.10 151.70 Td (the ) Tj ET Q q 0 0 0 rg BT 289.82 151.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 331.20 151.70 Td (does ) Tj ET Q q 0 0 0 rg BT 352.03 151.70 Td (not ) Tj ET Q q 0 0 0 rg BT 367.31 151.70 Td (expect ) Tj ET Q q 0 0 0 rg BT 395.91 151.70 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 443.39 151.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 481.43 151.70 Td (in ) Tj ET Q q 0 0 0 rg BT 491.71 151.70 Td (the ) Tj ET Q q 0 0 0 rg BT 506.42 151.70 Td (future. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 124.13505859375005 m 206.478515625 124.13505859375005 l s q 0 0 0 rg BT 73.50 125.70 Td (Multiple ) Tj ET Q q 0 0 0 rg BT 111.00 125.70 Td (Element ) Tj ET Q q 0 0 0 rg BT 147.58 125.70 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 108.70 Td (The ) Tj ET Q q 0 0 0 rg BT 89.34 108.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.02 108.70 Td (enters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.68 108.70 Td (into ) Tj ET Q q 0 0 0 rg BT 173.03 108.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 228.68 108.70 Td (with ) Tj ET Q q 0 0 0 rg BT 248.25 108.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 283.38 108.70 Td (elements ) Tj ET Q q 0 0 0 rg BT 320.71 108.70 Td (that ) Tj ET Q q 0 0 0 rg BT 337.49 108.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 376.49 108.70 Td (include ) Tj ET Q q 0 0 0 rg BT 407.71 108.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 442.83 108.70 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 497.40 108.70 Td (and ) Tj ET Q q 0 0 0 rg BT 513.63 108.70 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.70 Td (services. ) Tj ET Q q 0 0 0 rg BT 87.81 96.70 Td (For ) Tj ET Q q 0 0 0 rg BT 105.30 96.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 162.76 96.70 Td (with ) Tj ET Q q 0 0 0 rg BT 184.13 96.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 221.06 96.70 Td (deliverables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.37 96.70 Td (, ) Tj ET Q q 0 0 0 rg BT 275.47 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 291.29 96.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.77 96.70 Td (evaluates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.57 96.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 410.38 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 426.19 96.70 Td (individual ) Tj ET Q q 0 0 0 rg BT 470.34 96.70 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 522.25 96.70 Td (qualify ) Tj ET Q q 0 0 0 rg BT 554.18 96.70 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 84.86 84.70 Td (units ) Tj ET Q q 0 0 0 rg BT 106.92 84.70 Td (of ) Tj ET Q q 0 0 0 rg BT 117.85 84.70 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 166.83 84.70 Td (In ) Tj ET Q q 0 0 0 rg BT 177.77 84.70 Td (order ) Tj ET Q q 0 0 0 rg BT 201.48 84.70 Td (to ) Tj ET Q q 0 0 0 rg BT 211.86 84.70 Td (treat ) Tj ET Q q 0 0 0 rg BT 232.23 84.70 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 283.15 84.70 Td (in ) Tj ET Q q 0 0 0 rg BT 293.54 84.70 Td (a ) Tj ET Q q 0 0 0 rg BT 300.58 84.70 Td (multiple-deliverable ) Tj ET Q q 0 0 0 rg BT 384.27 84.70 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 436.85 84.70 Td (as ) Tj ET Q q 0 0 0 rg BT 447.79 84.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 483.15 84.70 Td (units ) Tj ET Q q 0 0 0 rg BT 505.20 84.70 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 84.70 Td (accounting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 72.70 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 115.03 72.70 Td (must ) Tj ET Q q 0 0 0 rg BT 136.98 72.70 Td (have ) Tj ET Q q 0 0 0 rg BT 158.35 72.70 Td (standalone ) Tj ET Q q 0 0 0 rg BT 203.62 72.70 Td (value ) Tj ET Q q 0 0 0 rg BT 227.77 72.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 250.27 72.70 Td (delivery) Tj ET Q q 0 0 0 rg BT 282.39 72.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.89 72.70 Td ( ) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 740.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 124.53 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 158.71 740.10 Td (have ) Tj ET Q q 0 0 0 rg BT 179.56 740.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 224.30 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 247.93 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.23 740.10 Td (such ) Tj ET Q q 0 0 0 rg BT 278.54 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 312.72 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 326.90 740.10 Td (often ) Tj ET Q q 0 0 0 rg BT 349.42 740.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 368.07 740.10 Td (separately) Tj ET Q q 0 0 0 rg BT 407.95 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.99 740.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 461.89 740.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.39 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.36 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.55 740.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.42 740.10 Td (concluded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.56 728.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 117.50 728.10 Td (services ) Tj ET Q q 0 0 0 rg BT 151.77 728.10 Td (included ) Tj ET Q q 0 0 0 rg BT 188.26 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.11 728.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 233.50 728.10 Td (element ) Tj ET Q q 0 0 0 rg BT 267.21 728.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 323.14 728.10 Td (also ) Tj ET Q q 0 0 0 rg BT 341.31 728.10 Td (have ) Tj ET Q q 0 0 0 rg BT 362.25 728.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 407.08 728.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 433.29 728.10 Td (In ) Tj ET Q q 0 0 0 rg BT 443.69 728.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 493.52 728.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 538.35 728.10 Td (value,) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.66 716.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.49 716.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 152.74 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.90 716.10 Td (following ) Tj ET Q q 0 0 0 rg BT 209.73 716.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 239.88 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.48 716.10 Td (each ) Tj ET Q q 0 0 0 rg BT 275.74 716.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 327.56 716.10 Td (services ) Tj ET Q q 0 0 0 rg BT 362.71 716.10 Td (agreement: ) Tj ET Q q 0 0 0 rg BT 410.07 716.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 458.00 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.27 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.43 716.10 Td (services ) Tj ET Q q 0 0 0 rg BT 519.58 716.10 Td (from ) Tj ET Q q 0 0 0 rg BT 541.96 716.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 85.41 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.37 704.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 126.10 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.17 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.14 704.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 200.76 704.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 237.21 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.40 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.36 704.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 295.22 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.29 704.10 Td (when ) Tj ET Q q 0 0 0 rg BT 328.70 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.66 704.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 393.28 704.10 Td (services ) Tj ET Q q 0 0 0 rg BT 427.24 704.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 461.18 704.10 Td (was ) Tj ET Q q 0 0 0 rg BT 478.48 704.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 506.34 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.86 704.10 Td (comparison ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 692.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 125.88 692.10 Td (service ) Tj ET Q q 0 0 0 rg BT 156.70 692.10 Td (start ) Tj ET Q q 0 0 0 rg BT 176.41 692.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.07 692.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 675.10 Td (When ) Tj ET Q q 0 0 0 rg BT 97.98 675.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 148.96 675.10 Td (services ) Tj ET Q q 0 0 0 rg BT 183.27 675.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 230.90 675.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 262.99 675.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 298.42 675.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 336.06 675.10 Td (that ) Tj ET Q q 0 0 0 rg BT 353.15 675.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 383.58 675.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.01 675.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 428.86 675.10 Td (units ) Tj ET Q q 0 0 0 rg BT 450.41 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.83 675.10 Td (accounting,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.21 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.31 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 675.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (allocates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.26 663.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 138.02 663.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 193.67 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.24 663.10 Td (all ) Tj ET Q q 0 0 0 rg BT 215.02 663.10 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 265.11 663.10 Td (at ) Tj ET Q q 0 0 0 rg BT 274.11 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.11 663.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 327.11 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.22 663.10 Td (an ) Tj ET Q q 0 0 0 rg BT 348.44 663.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 400.20 663.10 Td (based ) Tj ET Q q 0 0 0 rg BT 424.75 663.10 Td (on ) Tj ET Q q 0 0 0 rg BT 436.53 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.53 663.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 482.30 663.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 510.75 663.10 Td (price ) Tj ET Q q 0 0 0 rg BT 532.51 663.10 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.73 651.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.14 651.10 Td (with ) Tj ET Q q 0 0 0 rg BT 127.36 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.03 651.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 171.14 651.10 Td (price ) Tj ET Q q 0 0 0 rg BT 193.58 651.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 230.68 651.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.63 651.10 Td (which ) Tj ET Q q 0 0 0 rg BT 262.52 651.10 Td (includes: ) Tj ET Q q 0 0 0 rg BT 301.07 651.10 Td (\(i\)vendor ) Tj ET Q q 0 0 0 rg BT 343.23 651.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 376.77 651.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 415.87 651.10 Td (evidence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.40 651.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.85 651.10 Td (\(VSOE\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.95 651.10 Td (if ) Tj ET Q q 0 0 0 rg BT 506.50 651.10 Td (it ) Tj ET Q q 0 0 0 rg BT 514.51 651.10 Td (is ) Tj ET Q q 0 0 0 rg BT 523.63 651.10 Td (available; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (\(ii\)third-party ) Tj ET Q q 0 0 0 rg BT 109.68 639.10 Td (evidence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.21 639.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.91 639.10 Td (\(TPE\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.92 639.10 Td (if ) Tj ET Q q 0 0 0 rg BT 192.53 639.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 221.34 639.10 Td (is ) Tj ET Q q 0 0 0 rg BT 230.71 639.10 Td (not ) Tj ET Q q 0 0 0 rg BT 246.18 639.10 Td (available; ) Tj ET Q q 0 0 0 rg BT 287.74 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.88 639.10 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 337.29 639.10 Td (best ) Tj ET Q q 0 0 0 rg BT 356.09 639.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 392.11 639.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.14 639.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 432.50 639.10 Td (price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.48 639.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.18 639.10 Td (\(BESP\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.32 639.10 Td (if ) Tj ET Q q 0 0 0 rg BT 506.12 639.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 536.39 639.10 Td (VSOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 64.84 627.10 Td (TPE ) Tj ET Q q 0 0 0 rg BT 84.78 627.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.62 627.10 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.20 627.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.21 627.10 Td (The ) Tj ET Q q 0 0 0 rg BT 151.92 627.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 192.97 627.10 Td (has ) Tj ET Q q 0 0 0 rg BT 208.47 627.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 255.61 627.10 Td (that ) Tj ET Q q 0 0 0 rg BT 272.62 627.10 Td (TPE ) Tj ET Q q 0 0 0 rg BT 292.56 627.10 Td (is ) Tj ET Q q 0 0 0 rg BT 301.39 627.10 Td (not ) Tj ET Q q 0 0 0 rg BT 316.34 627.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.94 627.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 359.52 627.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 403.89 627.10 Td (as ) Tj ET Q q 0 0 0 rg BT 414.38 627.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.76 627.10 Td (Company) Tj ET Q q 0 0 0 rg BT 470.43 627.10 Td (s ) Tj ET Q q 0 0 0 rg BT 476.48 627.10 Td (go-to-market ) Tj ET Q q 0 0 0 rg BT 530.85 627.10 Td (strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.53 615.10 Td (of) Tj ET Q q 0 0 0 rg BT 74.68 615.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 105.04 615.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 137.07 615.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.11 615.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 188.91 615.10 Td (level ) Tj ET Q q 0 0 0 rg BT 210.94 615.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.86 615.10 Td (dif) Tj ET Q q 0 0 0 rg BT 232.79 615.10 Td (ferentiation ) Tj ET Q q 0 0 0 rg BT 281.47 615.10 Td (such ) Tj ET Q q 0 0 0 rg BT 302.40 615.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.99 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.80 615.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 384.03 615.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 414.95 615.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.88 615.10 Td (services ) Tj ET Q q 0 0 0 rg BT 460.68 615.10 Td (with ) Tj ET Q q 0 0 0 rg BT 481.05 615.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 511.42 615.10 Td (functionality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 78.31 603.10 Td (be ) Tj ET Q q 0 0 0 rg BT 89.91 603.10 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 129.00 603.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 183.65 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.02 603.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.07 603.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.89 603.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 276.71 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.64 603.10 Td (reliably ) Tj ET Q q 0 0 0 rg BT 319.34 603.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 361.48 603.10 Td (what ) Tj ET Q q 0 0 0 rg BT 383.08 603.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 413.01 603.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 458.49 603.10 Td (services) Tj ET Q q 0 0 0 rg BT 493.28 603.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.44 603.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 524.27 603.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 550.30 603.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 591.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 591.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.94 591.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 114.20 591.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 139.02 591.10 Td (The ) Tj ET Q q 0 0 0 rg BT 157.07 591.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 189.56 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.39 591.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 234.54 591.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 273.13 591.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.41 591.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 323.11 591.10 Td (items ) Tj ET Q q 0 0 0 rg BT 347.27 591.10 Td (is ) Tj ET Q q 0 0 0 rg BT 356.44 591.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 387.27 591.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.77 591.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 444.49 591.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 481.13 591.10 Td (if ) Tj ET Q q 0 0 0 rg BT 489.74 591.10 Td (any) Tj ET Q q 0 0 0 rg BT 503.53 591.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.17 574.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.68 574.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.63 574.10 Td (not ) Tj ET Q q 0 0 0 rg BT 163.04 574.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 210.65 574.10 Td (priced) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.64 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.26 574.10 Td (its) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.71 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.33 574.10 Td (services ) Tj ET Q q 0 0 0 rg BT 285.16 574.10 Td (within ) Tj ET Q q 0 0 0 rg BT 313.34 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.40 574.10 Td (narrow ) Tj ET Q q 0 0 0 rg BT 351.35 574.10 Td (range.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.05 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.10 574.10 Td (As ) Tj ET Q q 0 0 0 rg BT 391.84 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.90 574.10 Td (result,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.61 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.24 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.08 574.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 482.59 574.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.54 574.10 Td (not ) Tj ET Q q 0 0 0 rg BT 513.94 574.10 Td (been ) Tj ET Q q 0 0 0 rg BT 535.44 574.10 Td (able ) Tj ET Q q 0 0 0 rg BT 554.72 574.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 86.81 562.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 115.43 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.59 562.10 Td (its ) Tj ET Q q 0 0 0 rg BT 141.54 562.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.24 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.74 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.69 562.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 230.03 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.03 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.74 562.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 291.13 562.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 310.85 562.10 Td (its ) Tj ET Q q 0 0 0 rg BT 322.80 562.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 346.33 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.83 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.11 562.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 401.59 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.31 562.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 448.79 562.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 477.95 562.10 Td (price ) Tj ET Q q 0 0 0 rg BT 500.44 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.60 562.10 Td (its ) Tj ET Q q 0 0 0 rg BT 526.55 562.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.25 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.49 545.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 130.08 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.36 545.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 164.89 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.83 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.44 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.17 545.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 231.09 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.25 545.10 Td (price ) Tj ET Q q 0 0 0 rg BT 269.18 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 279.34 545.10 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.78 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.72 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.88 545.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.71 545.10 Td (would ) Tj ET Q q 0 0 0 rg BT 391.65 545.10 Td (transact ) Tj ET Q q 0 0 0 rg BT 425.69 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.07 545.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 451.56 545.10 Td (if ) Tj ET Q q 0 0 0 rg BT 460.62 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.78 545.10 Td (service ) Tj ET Q q 0 0 0 rg BT 507.03 545.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.53 545.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 545.14 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 558.09 545.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.35 533.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 118.79 533.10 Td (When ) Tj ET Q q 0 0 0 rg BT 144.76 533.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 194.62 533.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 217.41 533.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.91 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 222.00 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.31 533.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 277.28 533.10 Td (reviews ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.47 533.10 Td (company ) Tj ET Q q 0 0 0 rg BT 349.21 533.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 382.40 533.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 411.69 533.10 Td (used ) Tj ET Q q 0 0 0 rg BT 432.11 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.98 533.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 484.05 533.10 Td (list ) Tj ET Q q 0 0 0 rg BT 498.36 533.10 Td (price ) Tj ET Q q 0 0 0 rg BT 520.44 533.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.88 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.96 533.10 Td (makes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 99.65 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 110.36 521.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 158.27 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.42 521.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 196.33 521.10 Td (current ) Tj ET Q q 0 0 0 rg BT 227.02 521.10 Td (market ) Tj ET Q q 0 0 0 rg BT 257.16 521.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 301.21 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.02 521.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 348.72 521.10 Td (behavior) Tj ET Q q 0 0 0 rg BT 383.16 521.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.66 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.86 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 405.79 521.10 Td (Company) Tj ET Q q 0 0 0 rg BT 447.45 521.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.72 521.10 Td (process ) Tj ET Q q 0 0 0 rg BT 486.09 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.12 521.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 550.27 521.10 Td (list ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (price ) Tj ET Q q 0 0 0 rg BT 71.57 509.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 106.98 509.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 146.28 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.58 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 178.77 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.63 509.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 221.26 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.78 509.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 268.17 509.10 Td (product ) Tj ET Q q 0 0 0 rg BT 300.80 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 311.22 509.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 344.11 509.10 Td (surveying ) Tj ET Q q 0 0 0 rg BT 385.64 509.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 428.26 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.13 509.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 480.19 509.10 Td (market ) Tj ET Q q 0 0 0 rg BT 510.03 509.10 Td (expectations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 91.12 497.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 130.53 497.10 Td (demographics, ) Tj ET Q q 0 0 0 rg BT 191.87 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.06 497.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 236.80 497.10 Td (into ) Tj ET Q q 0 0 0 rg BT 255.11 497.10 Td (account ) Tj ET Q q 0 0 0 rg BT 288.95 497.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 319.47 497.10 Td (products ) Tj ET Q q 0 0 0 rg BT 356.66 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.85 497.10 Td (services ) Tj ET Q q 0 0 0 rg BT 408.80 497.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 456.54 497.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 475.96 497.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.96 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.71 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.67 497.10 Td (Company) Tj ET Q q 0 0 0 rg BT 541.91 497.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.96 497.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.89 485.10 Td (continues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.71 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.99 485.10 Td (review ) Tj ET Q q 0 0 0 rg BT 171.70 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.41 485.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 216.12 485.10 Td (used ) Tj ET Q q 0 0 0 rg BT 236.95 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.23 485.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 284.72 485.10 Td (list ) Tj ET Q q 0 0 0 rg BT 299.45 485.10 Td (price ) Tj ET Q q 0 0 0 rg BT 321.94 485.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.38 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.88 485.10 Td (adjusts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.15 485.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 392.68 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.18 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 406.01 485.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 444.23 485.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 468.10 Td (For ) Tj ET Q q 0 0 0 rg BT 88.12 468.10 Td (software ) Tj ET Q q 0 0 0 rg BT 124.78 468.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 180.87 468.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.88 468.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 236.44 468.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 274.22 468.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 296.71 468.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 349.47 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.14 468.10 Td (support ) Tj ET Q q 0 0 0 rg BT 398.37 468.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 436.70 468.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 471.14 468.10 Td (with ) Tj ET Q q 0 0 0 rg BT 491.15 468.10 Td (licenses\), ) Tj ET Q q 0 0 0 rg BT 530.87 468.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.70 456.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 97.32 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.63 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.38 456.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 162.11 456.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 200.18 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.04 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.79 456.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 278.29 456.10 Td (when ) Tj ET Q q 0 0 0 rg BT 302.30 456.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 330.94 456.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.15 456.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 397.37 456.10 Td (using ) Tj ET Q q 0 0 0 rg BT 421.57 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.32 456.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 470.51 456.10 Td (value ) Tj ET Q q 0 0 0 rg BT 494.69 456.10 Td (method ) Tj ET Q q 0 0 0 rg BT 527.22 456.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.52 456.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 89.23 444.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 127.85 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.26 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.56 444.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 171.52 444.10 Td (value ) Tj ET Q q 0 0 0 rg BT 196.26 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.68 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.98 444.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 273.26 444.10 Td (elements, ) Tj ET Q q 0 0 0 rg BT 314.39 444.10 Td (which ) Tj ET Q q 0 0 0 rg BT 341.91 444.10 Td (is ) Tj ET Q q 0 0 0 rg BT 351.66 444.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 385.84 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.70 444.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 410.95 444.10 Td (When ) Tj ET Q q 0 0 0 rg BT 437.69 444.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 466.89 444.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.64 444.10 Td (not ) Tj ET Q q 0 0 0 rg BT 492.50 444.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 550.29 444.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 75.17 432.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 128.04 432.10 Td (is ) Tj ET Q q 0 0 0 rg BT 137.61 432.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 184.38 432.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 215.04 432.10 Td (over ) Tj ET Q q 0 0 0 rg BT 235.72 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.84 432.10 Td (term ) Tj ET Q q 0 0 0 rg BT 272.06 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.42 432.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 336.02 432.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 373.91 432.10 Td (is ) Tj ET Q q 0 0 0 rg BT 383.48 432.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 430.25 432.10 Td (under ) Tj ET Q q 0 0 0 rg BT 455.92 432.10 Td (this ) Tj ET Q q 0 0 0 rg BT 473.27 432.10 Td (model ) Tj ET Q q 0 0 0 rg BT 501.17 432.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 524.07 432.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 554.18 432.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.58 420.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 106.32 420.10 Td (from ) Tj ET Q q 0 0 0 rg BT 128.06 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.59 420.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 181.55 420.10 Td (if ) Tj ET Q q 0 0 0 rg BT 189.96 420.10 Td (collectability ) Tj ET Q q 0 0 0 rg BT 244.47 420.10 Td (is ) Tj ET Q q 0 0 0 rg BT 253.45 420.10 Td (not ) Tj ET Q q 0 0 0 rg BT 268.54 420.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 314.16 420.10 Td (assured ) Tj ET Q q 0 0 0 rg BT 346.46 420.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.20 420.10 Td (when ) Tj ET Q q 0 0 0 rg BT 387.17 420.10 Td (other ) Tj ET Q q 0 0 0 rg BT 410.02 420.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 443.98 420.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 491.82 420.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 522.44 420.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.63 420.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.10 Td (met. ) Tj ET Q q 0 0 0 rg BT 69.92 408.10 Td (The ) Tj ET Q q 0 0 0 rg BT 88.38 408.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 117.65 408.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.12 408.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 146.15 408.10 Td (value ) Tj ET Q q 0 0 0 rg BT 170.95 408.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.76 408.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 239.44 408.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.02 408.10 Td (support ) Tj ET Q q 0 0 0 rg BT 290.17 408.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 337.76 408.10 Td (related ) Tj ET Q q 0 0 0 rg BT 368.12 408.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.04 408.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 413.85 408.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.66 408.10 Td (based ) Tj ET Q q 0 0 0 rg BT 449.58 408.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 472.73 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.09 408.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.12 408.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 535.49 408.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 408.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 84.42 396.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 118.24 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.73 396.10 Td (these ) Tj ET Q q 0 0 0 rg BT 151.45 396.10 Td (services ) Tj ET Q q 0 0 0 rg BT 185.82 396.10 Td (by ) Tj ET Q q 0 0 0 rg BT 197.99 396.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 243.21 396.10 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 297.01 396.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 334.72 396.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.09 396.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 395.13 396.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 425.06 396.10 Td (over ) Tj ET Q q 0 0 0 rg BT 444.99 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.38 396.10 Td (period ) Tj ET Q q 0 0 0 rg BT 487.09 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.59 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.98 396.10 Td (maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.10 Td (contract.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 358.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 100.65 358.10 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 109.24 341.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 142.59 341.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 184.84 341.10 Td (billings ) Tj ET Q q 0 0 0 rg BT 216.55 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.59 341.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 266.62 341.10 Td (received ) Tj ET Q q 0 0 0 rg BT 302.20 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.68 341.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 346.15 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.18 341.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 389.54 341.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 436.79 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.94 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 461.32 341.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 506.89 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.93 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.85 341.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 97.24 329.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 127.74 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 142.14 329.10 Td (met. ) Tj ET Q q 0 0 0 rg BT 161.83 329.10 Td (Balances ) Tj ET Q q 0 0 0 rg BT 200.12 329.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 230.10 329.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 269.50 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.03 329.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 312.21 329.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 363.29 329.10 Td (services ) Tj ET Q q 0 0 0 rg BT 397.69 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.32 329.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 465.40 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.03 329.10 Td (training ) Tj ET Q q 0 0 0 rg BT 515.33 329.10 Td (services ) Tj ET Q q 0 0 0 rg BT 549.73 329.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 64.95 317.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 103.72 317.10 Td (as ) Tj ET Q q 0 0 0 rg BT 115.28 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.84 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.29 317.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 176.05 317.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 199.82 317.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 222.21 317.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 260.96 317.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 295.84 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 314.06 317.10 Td (will ) Tj ET Q q 0 0 0 rg BT 332.85 317.10 Td (be ) Tj ET Q q 0 0 0 rg BT 345.52 317.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 392.61 317.10 Td (during ) Tj ET Q q 0 0 0 rg BT 421.94 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.39 317.10 Td (succeeding ) Tj ET Q q 0 0 0 rg BT 485.04 317.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 498.27 317.10 Td (month ) Tj ET Q q 0 0 0 rg BT 527.06 317.10 Td (period ) Tj ET Q q 0 0 0 rg BT 555.83 317.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 87.73 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 99.32 305.10 Td (current ) Tj ET Q q 0 0 0 rg BT 130.89 305.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 167.45 305.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 204.86 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.55 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.03 305.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 281.82 305.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 313.97 305.10 Td (is ) Tj ET Q q 0 0 0 rg BT 323.89 305.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 362.13 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 373.71 305.10 Td (other ) Tj ET Q q 0 0 0 rg BT 397.52 305.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 440.21 305.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 483.18 305.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 529.20 305.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.65 293.10 Td (at ) Tj ET Q q 0 0 0 rg BT 93.36 293.10 Td (December ) Tj ET Q q 0 0 0 rg BT 136.95 293.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.95 293.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 174.45 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.38 293.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 213.88 293.10 Td (was ) Tj ET Q q 0 0 0 rg BT 231.94 293.10 Td (not ) Tj ET Q q 0 0 0 rg BT 247.21 293.10 Td (material.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 267.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 100.65 267.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 154.28 267.10 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 250.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 112.98 250.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 165.27 250.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 205.32 250.10 Td (are ) Tj ET Q q 0 0 0 rg BT 221.48 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.65 250.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 288.80 250.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 312.76 250.10 Td (that ) Tj ET Q q 0 0 0 rg BT 331.71 250.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.87 250.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 382.36 250.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 427.41 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 449.14 250.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 513.61 250.10 Td (subscription ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.02 238.10 Td (with ) Tj ET Q q 0 0 0 rg BT 108.22 238.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 151.18 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.04 238.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 198.25 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.00 238.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 230.86 238.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 285.51 238.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 305.14 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.34 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.98 238.10 Td (Company) Tj ET Q q 0 0 0 rg BT 371.65 238.10 Td (s ) Tj ET Q q 0 0 0 rg BT 377.96 238.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 403.15 238.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 425.01 238.10 Td (force. ) Tj ET Q q 0 0 0 rg BT 450.47 238.10 Td (Commissions ) Tj ET Q q 0 0 0 rg BT 507.35 238.10 Td (are ) Tj ET Q q 0 0 0 rg BT 521.98 238.10 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.51 226.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.76 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 93.44 226.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 138.99 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.56 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.03 226.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 201.81 226.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.71 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.17 226.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 292.94 226.10 Td (term ) Tj ET Q q 0 0 0 rg BT 313.51 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.08 226.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 375.21 226.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 416.05 226.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.74 226.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.19 226.10 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.42 226.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.86 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.11 226.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.13 226.10 Td (five ) Tj ET Q q 0 0 0 rg BT 538.92 226.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 226.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 209.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.05 209.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 128.35 209.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 179.69 209.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 214.89 209.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 251.78 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 266.99 209.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 316.62 209.10 Td (through ) Tj ET Q q 0 0 0 rg BT 350.72 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.94 209.10 Td (future ) Tj ET Q q 0 0 0 rg BT 392.82 209.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 427.46 209.10 Td (streams ) Tj ET Q q 0 0 0 rg BT 461.01 209.10 Td (under ) Tj ET Q q 0 0 0 rg BT 486.78 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.99 209.10 Td (non-cancelable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.66 197.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 180.10 Td (During ) Tj ET Q q 0 0 0 rg BT 104.82 180.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.03 180.10 Td (years ) Tj ET Q q 0 0 0 rg BT 144.12 180.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.99 180.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.99 180.10 Td (December ) Tj ET Q q 0 0 0 rg BT 215.06 180.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.56 180.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.55 180.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.55 180.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.04 180.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.04 180.10 Td (, ) Tj ET Q q 0 0 0 rg BT 281.53 180.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.96 180.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.96 180.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.45 180.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.66 180.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 381.54 180.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.83 180.10 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 438.32 180.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.22 180.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.71 180.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 493.20 180.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.09 180.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.58 180.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.01 180.10 Td ($2.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 168.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.89 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.72 168.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 142.56 168.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 179.76 168.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 227.42 168.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 151.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.49 151.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 147.56 151.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.56 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.55 151.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.98 151.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.98 151.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.46 151.10 Td ($7.8 ) Tj ET Q q 0 0 0 rg BT 237.95 151.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.84 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.83 151.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.26 151.10 Td ($5.3 ) Tj ET Q q 0 0 0 rg BT 310.75 151.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.64 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.63 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.95 151.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 393.24 151.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 445.56 151.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 486.75 151.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.74 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 151.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 151.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.54 139.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 135.57 139.10 Td (sheets, ) Tj ET Q q 0 0 0 rg BT 165.01 139.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 212.67 139.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 69.65 113.10 Td (arranties ) Tj ET Q q 0 0 0 rg BT 109.38 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.44 113.10 Td (Indemnification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 96.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.48 96.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.80 96.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 168.67 96.10 Td (a ) Tj ET Q q 0 0 0 rg BT 175.55 96.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 213.52 96.10 Td (for ) Tj ET Q q 0 0 0 rg BT 227.61 96.10 Td (its ) Tj ET Q q 0 0 0 rg BT 239.49 96.10 Td (software ) Tj ET Q q 0 0 0 rg BT 276.36 96.10 Td (products ) Tj ET Q q 0 0 0 rg BT 313.23 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.10 96.10 Td (services ) Tj ET Q q 0 0 0 rg BT 364.74 96.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.96 96.10 Td (its ) Tj ET Q q 0 0 0 rg BT 386.84 96.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 429.82 96.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.69 96.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 484.11 96.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.21 96.10 Td (its ) Tj ET Q q 0 0 0 rg BT 510.09 96.10 Td (warranties ) Tj ET Q q 0 0 0 rg BT 554.17 96.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.44 84.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 103.15 84.10 Td (liability) Tj ET Q q 0 0 0 rg BT 133.61 84.10 Td (. ) Tj ET Q q 0 0 0 rg BT 139.36 84.10 Td (The ) Tj ET Q q 0 0 0 rg BT 158.40 84.10 Td (Company) Tj ET Q q 0 0 0 rg BT 200.07 84.10 Td (s ) Tj ET Q q 0 0 0 rg BT 207.46 84.10 Td (software ) Tj ET Q q 0 0 0 rg BT 245.39 84.10 Td (is ) Tj ET Q q 0 0 0 rg BT 255.56 84.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 296.26 84.10 Td (warranted ) Tj ET Q q 0 0 0 rg BT 339.74 84.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.01 84.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 386.72 84.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 440.77 84.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.60 84.10 Td (described ) Tj ET Q q 0 0 0 rg BT 494.42 84.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.70 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.41 84.10 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.10 Td (product ) Tj ET Q q 0 0 0 rg BT 82.54 72.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 144.46 72.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.38 72.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.65 72.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 200.25 72.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 232.73 72.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 258.54 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.36 72.10 Td (uptime ) Tj ET Q q 0 0 0 rg BT 299.63 72.10 Td (reliability) Tj ET Q q 0 0 0 rg BT 337.85 72.10 Td (. ) Tj ET Q q 0 0 0 rg BT 342.84 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.15 72.10 Td (The ) Tj ET Q q 0 0 0 rg BT 363.19 72.10 Td (Company) Tj ET Q q 0 0 0 rg BT 404.86 72.10 Td (s ) Tj ET Q q 0 0 0 rg BT 411.24 72.10 Td (services ) Tj ET Q q 0 0 0 rg BT 445.94 72.10 Td (are ) Tj ET Q q 0 0 0 rg BT 460.63 72.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 500.33 72.10 Td (warranted ) Tj ET Q q 0 0 0 rg BT 542.79 72.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 72.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 93.54 60.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 135.92 60.10 Td (with ) Tj ET Q q 0 0 0 rg BT 156.09 60.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 191.26 60.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 233.75 60.10 Td (The ) Tj ET Q q 0 0 0 rg BT 251.69 60.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.97 60.10 Td (has ) Tj ET Q q 0 0 0 rg BT 308.69 60.10 Td (not ) Tj ET Q q 0 0 0 rg BT 323.86 60.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 361.80 60.10 Td (for ) Tj ET Q q 0 0 0 rg BT 375.85 60.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.68 60.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 420.61 60.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 451.86 60.10 Td (as ) Tj ET Q q 0 0 0 rg BT 462.58 60.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.31 60.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 531.78 60.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.78 60.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 60.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 48.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 48.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.32 48.10 Td (T) Tj ET Q q 0 0 0 rg BT 79.73 48.10 Td (o ) Tj ET Q q 0 0 0 rg BT 87.23 48.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 108.88 48.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.60 48.10 Td (Company) Tj ET Q q 0 0 0 rg BT 165.27 48.10 Td (s ) Tj ET Q q 0 0 0 rg BT 171.66 48.10 Td (product ) Tj ET Q q 0 0 0 rg BT 204.71 48.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 242.74 48.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 277.45 48.10 Td (has ) Tj ET Q q 0 0 0 rg BT 293.28 48.10 Td (not ) Tj ET Q q 0 0 0 rg BT 308.56 48.10 Td (been ) Tj ET Q q 0 0 0 rg BT 329.93 48.10 Td (significant.) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.72 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.28 740.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 169.16 740.10 Td (agrees ) Tj ET Q q 0 0 0 rg BT 196.37 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.83 740.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 248.60 740.10 Td (its ) Tj ET Q q 0 0 0 rg BT 259.73 740.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 301.95 740.10 Td (against ) Tj ET Q q 0 0 0 rg BT 331.95 740.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 353.06 740.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 380.83 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 397.50 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.40 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 453.06 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 458.63 740.10 Td (software ) Tj ET Q q 0 0 0 rg BT 494.73 740.10 Td (products ) Tj ET Q q 0 0 0 rg BT 530.84 740.10 Td (infringe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.71 728.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 123.48 728.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 169.91 728.10 Td (property ) Tj ET Q q 0 0 0 rg BT 205.80 728.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 230.59 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.03 728.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 284.03 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.70 728.10 Td (its ) Tj ET Q q 0 0 0 rg BT 309.15 728.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 374.48 728.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 420.93 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 431.27 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 437.71 728.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 481.93 728.10 Td (liability) Tj ET Q q 0 0 0 rg BT 512.39 728.10 Td (. ) Tj ET Q q 0 0 0 rg BT 516.90 728.10 Td (In ) Tj ET Q q 0 0 0 rg BT 527.24 728.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.51 716.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.20 716.10 Td (may ) Tj ET Q q 0 0 0 rg BT 129.21 716.10 Td (also ) Tj ET Q q 0 0 0 rg BT 149.12 716.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 173.46 716.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 208.37 716.10 Td (under ) Tj ET Q q 0 0 0 rg BT 234.93 716.10 Td (its ) Tj ET Q q 0 0 0 rg BT 248.18 716.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 288.07 716.10 Td (if ) Tj ET Q q 0 0 0 rg BT 297.97 716.10 Td (it ) Tj ET Q q 0 0 0 rg BT 307.33 716.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 346.10 716.10 Td (its ) Tj ET Q q 0 0 0 rg BT 359.34 716.10 Td (warranties ) Tj ET Q q 0 0 0 rg BT 404.79 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.91 716.10 Td (well ) Tj ET Q q 0 0 0 rg BT 437.93 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.05 716.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 481.05 716.10 Td (data ) Tj ET Q q 0 0 0 rg BT 501.50 716.10 Td (security ) Tj ET Q q 0 0 0 rg BT 536.96 716.10 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 110.27 704.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 159.50 704.10 Td (T) Tj ET Q q 0 0 0 rg BT 164.91 704.10 Td (o ) Tj ET Q q 0 0 0 rg BT 172.37 704.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 193.98 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.66 704.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.00 704.10 Td (has ) Tj ET Q q 0 0 0 rg BT 265.79 704.10 Td (not ) Tj ET Q q 0 0 0 rg BT 281.03 704.10 Td (been ) Tj ET Q q 0 0 0 rg BT 302.36 704.10 Td (required ) Tj ET Q q 0 0 0 rg BT 338.14 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.37 704.10 Td (make ) Tj ET Q q 0 0 0 rg BT 372.49 704.10 Td (any ) Tj ET Q q 0 0 0 rg BT 389.38 704.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 426.28 704.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 463.73 704.10 Td (from ) Tj ET Q q 0 0 0 rg BT 485.63 704.10 Td (either ) Tj ET Q q 0 0 0 rg BT 510.85 704.10 Td (infringement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 76.91 692.10 Td (asserted ) Tj ET Q q 0 0 0 rg BT 110.42 692.10 Td (against ) Tj ET Q q 0 0 0 rg BT 140.05 692.10 Td (its ) Tj ET Q q 0 0 0 rg BT 150.81 692.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 192.66 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 202.30 692.10 Td (from ) Tj ET Q q 0 0 0 rg BT 223.04 692.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 250.45 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.54 692.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 304.71 692.10 Td (with ) Tj ET Q q 0 0 0 rg BT 323.80 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.54 692.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 357.50 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.13 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.65 692.10 Td (data ) Tj ET Q q 0 0 0 rg BT 398.62 692.10 Td (security ) Tj ET Q q 0 0 0 rg BT 431.58 692.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 458.43 692.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 518.05 692.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 680.10 Td (Company) Tj ET Q q 0 0 0 rg BT 116.16 680.10 Td (s ) Tj ET Q q 0 0 0 rg BT 122.55 680.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 163.46 680.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.51 680.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.90 680.10 Td (has ) Tj ET Q q 0 0 0 rg BT 238.73 680.10 Td (not ) Tj ET Q q 0 0 0 rg BT 254.01 680.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 291.48 680.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.42 680.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 332.03 680.10 Td (for ) Tj ET Q q 0 0 0 rg BT 346.19 680.10 Td (related ) Tj ET Q q 0 0 0 rg BT 375.89 680.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 398.39 680.10 Td (as ) Tj ET Q q 0 0 0 rg BT 409.22 680.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.05 680.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 478.64 680.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.64 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.14 680.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.97 680.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.97 680.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 663.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.67 663.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.17 663.10 Td (has ) Tj ET Q q 0 0 0 rg BT 145.12 663.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 191.18 663.10 Td (under ) Tj ET Q q 0 0 0 rg BT 215.57 663.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 244.39 663.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 302.65 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.05 663.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 354.77 663.10 Td (each ) Tj ET Q q 0 0 0 rg BT 374.70 663.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 414.63 663.10 Td (of) Tj ET Q q 0 0 0 rg BT 422.78 663.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 442.71 663.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.77 663.10 Td (member ) Tj ET Q q 0 0 0 rg BT 493.15 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.10 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 663.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.60 663.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (board ) Tj ET Q q 0 0 0 rg BT 74.77 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.60 651.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 123.09 651.10 Td (against ) Tj ET Q q 0 0 0 rg BT 153.92 651.10 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 200.58 651.10 Td (fines, ) Tj ET Q q 0 0 0 rg BT 225.02 651.10 Td (settlements, ) Tj ET Q q 0 0 0 rg BT 275.01 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.95 651.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 330.55 651.10 Td (related ) Tj ET Q q 0 0 0 rg BT 360.26 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.54 651.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 399.14 651.10 Td (against ) Tj ET Q q 0 0 0 rg BT 429.97 651.10 Td (such ) Tj ET Q q 0 0 0 rg BT 450.80 651.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 491.61 651.10 Td (of) Tj ET Q q 0 0 0 rg BT 499.76 651.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 520.58 651.10 Td (or ) Tj ET Q q 0 0 0 rg BT 531.41 651.10 Td (director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 639.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 107.82 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.09 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.81 639.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 160.31 639.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 187.24 639.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 228.06 639.10 Td (under ) Tj ET Q q 0 0 0 rg BT 253.33 639.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 294.13 639.10 Td (law ) Tj ET Q q 0 0 0 rg BT 311.07 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.01 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.73 639.10 Td (Company) Tj ET Q q 0 0 0 rg BT 384.39 639.10 Td (s ) Tj ET Q q 0 0 0 rg BT 390.78 639.10 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 421.61 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.55 639.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 481.02 639.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.85 639.10 Td (incorporation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 613.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 82.34 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.17 613.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 596.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.54 596.10 Td (Company) Tj ET Q q 0 0 0 rg BT 132.20 596.10 Td (s ) Tj ET Q q 0 0 0 rg BT 138.58 596.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 157.18 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.00 596.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 206.03 596.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 240.18 596.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 279.89 596.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 293.48 596.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 325.96 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.89 596.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 379.53 596.10 Td (including ) Tj ET Q q 0 0 0 rg BT 419.79 596.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 469.49 596.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 527.52 596.10 Td (expense; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (data ) Tj ET Q q 0 0 0 rg BT 68.74 584.10 Td (center ) Tj ET Q q 0 0 0 rg BT 95.75 584.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 136.10 584.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 161.46 584.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 213.46 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.05 584.10 Td (data ) Tj ET Q q 0 0 0 rg BT 245.29 584.10 Td (center ) Tj ET Q q 0 0 0 rg BT 272.29 584.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 312.64 584.10 Td (equipment; ) Tj ET Q q 0 0 0 rg BT 360.22 584.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 413.34 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.25 584.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 474.04 584.10 Td (software ) Tj ET Q q 0 0 0 rg BT 511.05 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.08 584.10 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 94.16 572.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 122.16 572.10 Td (such ) Tj ET Q q 0 0 0 rg BT 145.15 572.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.15 572.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 203.91 572.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 253.02 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.12 572.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 296.78 572.10 Td (names; ) Tj ET Q q 0 0 0 rg BT 329.77 572.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 371.09 572.10 Td (support; ) Tj ET Q q 0 0 0 rg BT 408.54 572.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 462.08 572.10 Td (services ) Tj ET Q q 0 0 0 rg BT 498.96 572.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.72 572.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.76 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.59 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.31 560.10 Td (Company) Tj ET Q q 0 0 0 rg BT 181.98 560.10 Td (s ) Tj ET Q q 0 0 0 rg BT 188.37 560.10 Td (software; ) Tj ET Q q 0 0 0 rg BT 228.07 560.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 273.34 560.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 304.16 560.10 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 345.54 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.48 560.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 401.07 560.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 438.00 560.10 Td (costs.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 534.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 102.33 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.39 534.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 176.76 534.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 517.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.04 517.10 Td (Company) Tj ET Q q 0 0 0 rg BT 131.70 517.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.59 517.10 Td (research ) Tj ET Q q 0 0 0 rg BT 172.88 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.31 517.10 Td (development ) Tj ET Q q 0 0 0 rg BT 242.95 517.10 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.05 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.04 517.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 310.81 517.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 350.02 517.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 363.12 517.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 395.09 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.52 517.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 447.67 517.10 Td (including ) Tj ET Q q 0 0 0 rg BT 487.43 517.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 521.65 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.08 517.10 Td (stock-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 505.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.73 505.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 132.73 505.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 170.17 505.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 188.72 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.96 505.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 245.84 505.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 281.61 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.85 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.52 505.10 Td (development ) Tj ET Q q 0 0 0 rg BT 360.63 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.53 505.10 Td (support ) Tj ET Q q 0 0 0 rg BT 409.99 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.77 505.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.45 505.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 456.79 505.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 477.01 505.10 Td (Network) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 505.10 Td (, ) Tj ET Q q 0 0 0 rg BT 516.96 505.10 Td (Encompass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 493.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.13 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.76 493.10 Td (other ) Tj ET Q q 0 0 0 rg BT 125.51 493.10 Td (products; ) Tj ET Q q 0 0 0 rg BT 164.93 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.56 493.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 219.85 493.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 256.48 493.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 281.18 493.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 320.02 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.66 493.10 Td (development ) Tj ET Q q 0 0 0 rg BT 390.51 493.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 412.71 493.10 Td (that ) Tj ET Q q 0 0 0 rg BT 429.90 493.10 Td (are ) Tj ET Q q 0 0 0 rg BT 444.31 493.10 Td (not ) Tj ET Q q 0 0 0 rg BT 459.28 493.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 504.79 493.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.32 493.10 Td (internal-use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.43 481.10 Td (are ) Tj ET Q q 0 0 0 rg BT 101.14 481.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 140.84 481.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.67 481.10 Td (they ) Tj ET Q q 0 0 0 rg BT 171.39 481.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.10 481.10 Td (incurred.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 455.10 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 111.23 455.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 438.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.59 438.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.02 438.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 170.66 438.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 217.64 438.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 240.19 438.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.06 438.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 288.86 438.10 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 338.62 438.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 377.26 438.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.46 438.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.23 438.10 Td (years ) Tj ET Q q 0 0 0 rg BT 429.87 438.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 456.29 438.10 Td (December ) Tj ET Q q 0 0 0 rg BT 499.92 438.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 514.96 438.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 540.00 438.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 426.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.94 426.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.87 426.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 130.87 426.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.76 426.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.76 426.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 184.76 426.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.65 426.10 Td (, ) Tj ET Q q 0 0 0 rg BT 218.65 426.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.59 426.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 255.59 426.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.48 426.10 Td (, ) Tj ET Q q 0 0 0 rg BT 289.48 426.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 337.14 426.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 400.10 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 115.11 400.10 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 383.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.80 383.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.45 383.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 178.96 383.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 228.93 383.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 287.23 383.10 Td (related ) Tj ET Q q 0 0 0 rg BT 317.19 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.72 383.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 358.80 383.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 391.54 383.10 Td (under ) Tj ET Q q 0 0 0 rg BT 417.07 383.10 Td (its ) Tj ET Q q 0 0 0 rg BT 429.28 383.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 452.03 383.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 477.57 383.10 Td (Option ) Tj ET Q q 0 0 0 rg BT 508.11 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.30 383.10 Td (Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 69.78 371.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 87.83 371.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.26 371.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 114.76 371.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.54 371.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 145.31 371.10 Td (201) Tj ET Q q 0 0 0 rg BT 159.94 371.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 167.44 371.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 196.60 371.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 235.75 371.10 Td (A) Tj ET Q q 0 0 0 rg BT 242.06 371.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 264.55 371.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 284.83 371.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 302.87 371.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.31 371.10 Td (201) Tj ET Q q 0 0 0 rg BT 321.94 371.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 329.44 371.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.22 371.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 359.99 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.93 371.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 419.97 371.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 445.25 371.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 483.85 371.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 504.12 371.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.89 371.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.69 371.10 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 354.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.53 354.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.89 354.10 Td (recognizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.13 354.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 232.15 354.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 265.83 354.10 Td (related ) Tj ET Q q 0 0 0 rg BT 294.52 354.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.77 354.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 345.79 354.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 370.05 354.10 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.72 354.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.20 354.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.97 354.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.32 354.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 436.06 354.10 Td (Performance-V) Tj ET Q q 0 0 0 rg BT 496.59 354.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 521.96 354.10 Td (Restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.30 342.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 98.00 342.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.47 342.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 167.13 342.10 Td (A) Tj ET Q q 0 0 0 rg BT 173.43 342.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.31 342.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.34 342.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.11 342.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 259.77 342.10 Td (A) Tj ET Q q 0 0 0 rg BT 266.08 342.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.96 342.10 Td (\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.75 342.10 Td (based ) Tj ET Q q 0 0 0 rg BT 324.55 342.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.57 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.82 342.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 366.72 342.10 Td (market ) Tj ET Q q 0 0 0 rg BT 396.51 342.10 Td (value ) Tj ET Q q 0 0 0 rg BT 420.19 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.55 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.79 342.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 490.14 342.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 517.16 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 342.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.29 330.10 Td (as ) Tj ET Q q 0 0 0 rg BT 84.30 330.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.31 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.21 330.10 Td (date ) Tj ET Q q 0 0 0 rg BT 129.55 330.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.56 330.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 166.29 330.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 202.85 330.10 Td (related ) Tj ET Q q 0 0 0 rg BT 232.74 330.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.20 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.10 330.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 284.12 330.10 Td (is ) Tj ET Q q 0 0 0 rg BT 293.47 330.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 340.02 330.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.70 330.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.82 330.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 410.82 330.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 433.51 330.10 Td (over ) Tj ET Q q 0 0 0 rg BT 453.96 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.86 330.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 505.97 330.10 Td (service ) Tj ET Q q 0 0 0 rg BT 536.97 330.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.98 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.34 318.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 106.42 318.10 Td (which ) Tj ET Q q 0 0 0 rg BT 134.01 318.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 174.36 318.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 203.05 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.42 318.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 250.45 318.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 281.65 318.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 318.67 318.10 Td (related ) Tj ET Q q 0 0 0 rg BT 349.03 318.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.95 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.32 318.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 428.85 318.10 Td (A) Tj ET Q q 0 0 0 rg BT 435.16 318.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 462.19 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.78 318.10 Td (performance-vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 74.66 306.10 Td (is ) Tj ET Q q 0 0 0 rg BT 83.14 306.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 128.81 306.10 Td (under ) Tj ET Q q 0 0 0 rg BT 153.39 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.42 306.10 Td (graded ) Tj ET Q q 0 0 0 rg BT 196.43 306.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 227.13 306.10 Td (method ) Tj ET Q q 0 0 0 rg BT 258.94 306.10 Td (over ) Tj ET Q q 0 0 0 rg BT 278.51 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.54 306.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 328.79 306.10 Td (service ) Tj ET Q q 0 0 0 rg BT 358.91 306.10 Td (period ) Tj ET Q q 0 0 0 rg BT 386.27 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.41 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.44 306.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 439.18 306.10 Td (which ) Tj ET Q q 0 0 0 rg BT 465.43 306.10 Td (results ) Tj ET Q q 0 0 0 rg BT 493.34 306.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.93 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 306.10 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 294.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.80 294.10 Td (lar) Tj ET Q q 0 0 0 rg BT 78.17 294.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 93.70 294.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 125.35 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.45 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.43 294.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 186.40 294.10 Td (during ) Tj ET Q q 0 0 0 rg BT 215.27 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.26 294.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 273.02 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.11 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.09 294.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 330.74 294.10 Td (period ) Tj ET Q q 0 0 0 rg BT 359.06 294.10 Td (than ) Tj ET Q q 0 0 0 rg BT 379.04 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.58 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.56 294.10 Td (end ) Tj ET Q q 0 0 0 rg BT 421.77 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.86 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.84 294.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 479.50 294.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.54 294.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.31 294.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 89.56 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.64 282.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 151.38 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.58 282.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 215.96 282.10 Td (attainment ) Tj ET Q q 0 0 0 rg BT 261.03 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.33 282.10 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.40 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.48 282.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 371.33 282.10 Td (number ) Tj ET Q q 0 0 0 rg BT 404.73 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.93 282.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 443.78 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.97 282.10 Td (common ) Tj ET Q q 0 0 0 rg BT 492.83 282.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 516.79 282.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.65 282.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 282.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 81.99 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.92 270.10 Td (records ) Tj ET Q q 0 0 0 rg BT 130.85 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.57 270.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 180.28 270.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 226.83 270.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.83 270.10 Td (if ) Tj ET Q q 0 0 0 rg BT 240.44 270.10 Td (probable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.92 270.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 253.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.28 253.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.41 253.10 Td (recognizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.40 253.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 235.18 253.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 269.63 253.10 Td (related ) Tj ET Q q 0 0 0 rg BT 299.07 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.08 253.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.43 253.10 Td (option ) Tj ET Q q 0 0 0 rg BT 360.22 253.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 386.90 253.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.13 253.10 Td (are ) Tj ET Q q 0 0 0 rg BT 418.58 253.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 461.36 253.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 499.13 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.15 253.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 527.49 253.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 253.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.96 241.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 105.98 241.10 Td (values ) Tj ET Q q 0 0 0 rg BT 133.66 241.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.80 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.16 241.10 Td (date ) Tj ET Q q 0 0 0 rg BT 178.96 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.43 241.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 212.11 241.10 Td (using ) Tj ET Q q 0 0 0 rg BT 235.92 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.28 241.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 310.19 241.10 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 369.54 241.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 399.17 241.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 421.31 241.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 455.66 241.10 Td (is ) Tj ET Q q 0 0 0 rg BT 464.47 241.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 510.47 241.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.61 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.19 241.10 Td (straight-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (line ) Tj ET Q q 0 0 0 rg BT 67.00 229.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 89.50 229.10 Td (over ) Tj ET Q q 0 0 0 rg BT 109.76 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.48 229.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 161.41 229.10 Td (service ) Tj ET Q q 0 0 0 rg BT 192.23 229.10 Td (period ) Tj ET Q q 0 0 0 rg BT 220.28 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.11 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.82 229.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 275.25 229.10 Td (which ) Tj ET Q q 0 0 0 rg BT 302.19 229.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 341.89 229.10 Td (equals ) Tj ET Q q 0 0 0 rg BT 369.94 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.66 229.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 416.04 229.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.09 229.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 212.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.86 212.10 Td (date ) Tj ET Q q 0 0 0 rg BT 111.33 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.48 212.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 145.84 212.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.33 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.36 212.10 Td (date ) Tj ET Q q 0 0 0 rg BT 189.84 212.10 Td (at ) Tj ET Q q 0 0 0 rg BT 199.87 212.10 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.31 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.12 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.16 212.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.86 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.12 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.15 212.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 357.84 212.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 382.30 212.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.55 212.10 Td (mutual ) Tj ET Q q 0 0 0 rg BT 420.14 212.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 479.62 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.76 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.79 212.10 Td (key ) Tj ET Q q 0 0 0 rg BT 523.05 212.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 548.08 212.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.01 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.18 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.24 200.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 150.02 200.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 198.39 200.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 240.12 200.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.17 200.10 Td (received ) Tj ET Q q 0 0 0 rg BT 291.87 200.10 Td (by ) Tj ET Q q 0 0 0 rg BT 304.72 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.78 200.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 347.62 200.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 387.11 200.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 432.16 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.34 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.40 200.10 Td (board ) Tj ET Q q 0 0 0 rg BT 484.01 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.19 200.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 533.02 200.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.45 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.30 200.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.89 188.10 Td (becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.37 188.10 Td (contingently ) Tj ET Q q 0 0 0 rg BT 180.86 188.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 220.57 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.85 188.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 253.35 188.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 280.85 188.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 330.01 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.29 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.01 188.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 396.38 188.10 Td (who ) Tj ET Q q 0 0 0 rg BT 416.10 188.10 Td (renders ) Tj ET Q q 0 0 0 rg BT 448.03 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.75 188.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 499.68 188.10 Td (service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 188.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 171.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.92 171.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.68 171.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.22 171.10 Td (required ) Tj ET Q q 0 0 0 rg BT 174.41 171.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.06 171.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 219.25 171.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 256.12 171.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 299.63 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.84 171.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.82 171.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 359.13 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.44 171.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 401.20 171.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 438.05 171.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 495.46 171.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 513.44 171.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 560.00 171.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 159.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 104.58 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.01 159.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 160.76 159.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.54 159.10 Td (based ) Tj ET Q q 0 0 0 rg BT 196.41 159.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.51 159.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 249.83 159.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 296.23 159.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.78 159.10 Td (is ) Tj ET Q q 0 0 0 rg BT 323.55 159.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 359.98 159.10 Td (over ) Tj ET Q q 0 0 0 rg BT 380.85 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.18 159.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 433.71 159.10 Td (service ) Tj ET Q q 0 0 0 rg BT 465.13 159.10 Td (period ) Tj ET Q q 0 0 0 rg BT 493.79 159.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.67 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.99 159.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 547.53 159.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 75.78 147.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 119.83 147.10 Td (dif) Tj ET Q q 0 0 0 rg BT 130.76 147.10 Td (fer) Tj ET Q q 0 0 0 rg BT 141.46 147.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.37 147.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.11 147.10 Td (are ) Tj ET Q q 0 0 0 rg BT 171.72 147.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 209.67 147.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.85 147.10 Td (dif) Tj ET Q q 0 0 0 rg BT 230.78 147.10 Td (fer) Tj ET Q q 0 0 0 rg BT 241.48 147.10 Td (, ) Tj ET Q q 0 0 0 rg BT 246.39 147.10 Td (from ) Tj ET Q q 0 0 0 rg BT 268.23 147.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.86 147.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 304.71 147.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 346.83 147.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 383.67 147.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.86 147.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 434.59 147.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 478.64 147.10 Td (will ) Tj ET Q q 0 0 0 rg BT 496.61 147.10 Td (be ) Tj ET Q q 0 0 0 rg BT 508.46 147.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 554.73 147.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 135.10 Td (period ) Tj ET Q q 0 0 0 rg BT 92.26 135.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.09 135.10 Td (change ) Tj ET Q q 0 0 0 rg BT 133.91 135.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.85 135.10 Td (will ) Tj ET Q q 0 0 0 rg BT 168.90 135.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 198.62 135.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.33 135.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.83 135.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.66 135.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 306.37 135.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 364.41 135.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 399.11 135.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.39 135.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.33 135.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 467.69 135.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.97 135.10 Td (future ) Tj ET Q q 0 0 0 rg BT 504.35 135.10 Td (periods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.79 135.10 Td (. ) Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (63) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 95.11 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 100.30 740.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.83 723.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.50 723.25 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.27 723.25 Td (for ) Tj ET Q q 0 0 0 rg BT 180.71 723.25 Td (income ) Tj ET Q q 0 0 0 rg BT 211.93 723.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 234.26 723.25 Td (under ) Tj ET Q q 0 0 0 rg BT 258.81 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.81 723.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 294.04 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.26 723.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 343.15 723.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 377.43 723.25 Td (which ) Tj ET Q q 0 0 0 rg BT 403.65 723.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 437.64 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.64 723.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 498.97 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.08 723.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 531.41 723.25 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.40 711.25 Td (refundable ) Tj ET Q q 0 0 0 rg BT 105.72 711.25 Td (for ) Tj ET Q q 0 0 0 rg BT 119.95 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.73 711.25 Td (current ) Tj ET Q q 0 0 0 rg BT 165.61 711.25 Td (year) Tj ET Q q 0 0 0 rg BT 182.42 711.25 Td (, ) Tj ET Q q 0 0 0 rg BT 187.49 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.49 711.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 240.37 711.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.15 711.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 294.93 711.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.94 711.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 337.84 711.25 Td (for ) Tj ET Q q 0 0 0 rg BT 352.07 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.85 711.25 Td (future ) Tj ET Q q 0 0 0 rg BT 393.29 711.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 408.08 711.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 465.62 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.52 711.25 Td (events ) Tj ET Q q 0 0 0 rg BT 504.63 711.25 Td (that ) Tj ET Q q 0 0 0 rg BT 522.20 711.25 Td (have ) Tj ET Q q 0 0 0 rg BT 543.64 711.25 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.32 699.25 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.10 699.25 Td ( ) Tj ET Q q 0 0 0 rg BT 105.06 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.24 699.25 Td (Company) Tj ET Q q 0 0 0 rg BT 160.90 699.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.75 699.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.69 699.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 247.86 699.25 Td (or ) Tj ET Q q 0 0 0 rg BT 258.15 699.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 272.33 699.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 304.42 699.25 Td (The ) Tj ET Q q 0 0 0 rg BT 321.92 699.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 377.19 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.48 699.25 Td (current ) Tj ET Q q 0 0 0 rg BT 417.76 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.15 699.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 469.42 699.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.60 699.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 522.77 699.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.17 699.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.50 687.25 Td (based ) Tj ET Q q 0 0 0 rg BT 85.60 687.25 Td (on ) Tj ET Q q 0 0 0 rg BT 98.94 687.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 143.94 687.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.60 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.15 687.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 205.02 687.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 220.56 687.25 Td (law; ) Tj ET Q q 0 0 0 rg BT 241.11 687.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.66 687.25 Td (ef) Tj ET Q q 0 0 0 rg BT 264.25 687.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 286.46 687.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.12 687.25 Td (future ) Tj ET Q q 0 0 0 rg BT 325.33 687.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 360.87 687.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.98 687.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 387.53 687.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 409.19 687.25 Td (or ) Tj ET Q q 0 0 0 rg BT 420.86 687.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 443.07 687.25 Td (are ) Tj ET Q q 0 0 0 rg BT 458.61 687.25 Td (not ) Tj ET Q q 0 0 0 rg BT 474.72 687.25 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 524.18 687.25 Td (V) Tj ET Q q 0 0 0 rg BT 530.29 687.25 Td (aluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 96.52 675.25 Td (are ) Tj ET Q q 0 0 0 rg BT 111.32 675.25 Td (established ) Tj ET Q q 0 0 0 rg BT 158.35 675.25 Td (when ) Tj ET Q q 0 0 0 rg BT 182.60 675.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 224.06 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.44 675.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 263.68 675.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 299.58 675.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.39 675.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.31 675.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.68 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.49 675.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 398.08 675.25 Td (that) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.08 675.25 Td ( ) Tj ET Q q 0 0 0 rg BT 415.67 675.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.48 675.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.96 675.25 Td (believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.32 675.25 Td (is ) Tj ET Q q 0 0 0 rg BT 516.59 675.25 Td (more ) Tj ET Q q 0 0 0 rg BT 539.73 675.25 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.25 Td (than ) Tj ET Q q 0 0 0 rg BT 68.33 663.25 Td (not ) Tj ET Q q 0 0 0 rg BT 82.73 663.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.13 663.25 Td (be ) Tj ET Q q 0 0 0 rg BT 103.18 663.25 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.32 663.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.82 663.25 Td (The ) Tj ET Q q 0 0 0 rg BT 155.99 663.25 Td (Company) Tj ET Q q 0 0 0 rg BT 197.65 663.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.16 663.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 260.32 663.25 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 663.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.27 663.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.33 663.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 320.16 663.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 362.31 663.25 Td (is ) Tj ET Q q 0 0 0 rg BT 370.60 663.25 Td (based ) Tj ET Q q 0 0 0 rg BT 394.98 663.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 416.60 663.25 Td (a ) Tj ET Q q 0 0 0 rg BT 422.66 663.25 Td (number ) Tj ET Q q 0 0 0 rg BT 454.82 663.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.77 663.25 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 518.34 663.25 Td (judgments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.86 651.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 109.50 651.25 Td (including ) Tj ET Q q 0 0 0 rg BT 150.20 651.25 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 194.21 651.25 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 233.52 651.25 Td (future ) Tj ET Q q 0 0 0 rg BT 260.32 651.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 292.12 651.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 326.98 651.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.34 651.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.49 651.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 392.39 651.25 Td (proportions ) Tj ET Q q 0 0 0 rg BT 441.43 651.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.68 651.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 487.25 651.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.62 651.25 Td (income ) Tj ET Q q 0 0 0 rg BT 536.98 651.25 Td (before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.55 639.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.83 639.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.54 639.25 Td (various ) Tj ET Q q 0 0 0 rg BT 129.48 639.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 181.42 639.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.70 639.25 Td (which) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.14 639.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.64 639.25 Td (it ) Tj ET Q q 0 0 0 rg BT 226.70 639.25 Td (operates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 622.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.36 622.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.57 622.25 Td (operates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.20 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.29 622.25 Td (various ) Tj ET Q q 0 0 0 rg BT 209.05 622.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.58 622.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 275.34 622.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.78 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.10 622.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.09 622.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 331.73 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.82 622.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 364.14 622.25 Td (by ) Tj ET Q q 0 0 0 rg BT 376.45 622.25 Td (various ) Tj ET Q q 0 0 0 rg BT 408.21 622.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 422.74 622.25 Td (authorities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.60 622.25 Td (T) Tj ET Q q 0 0 0 rg BT 475.01 622.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 486.77 622.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 525.20 622.25 Td (are ) Tj ET Q q 0 0 0 rg BT 539.73 622.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.60 610.25 Td (their ) Tj ET Q q 0 0 0 rg BT 92.02 610.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 130.20 610.25 Td (merits, ) Tj ET Q q 0 0 0 rg BT 159.79 610.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 194.09 610.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 208.41 610.25 Td (law) Tj ET Q q 0 0 0 rg BT 222.19 610.25 Td (, ) Tj ET Q q 0 0 0 rg BT 226.79 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.33 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.64 610.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 290.83 610.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 311.80 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.34 610.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 387.07 610.25 Td (as ) Tj ET Q q 0 0 0 rg BT 397.50 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.93 610.25 Td (each ) Tj ET Q q 0 0 0 rg BT 428.34 610.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 467.09 610.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 497.23 610.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 533.77 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 543.64 610.25 Td (facts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.74 598.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 124.18 598.25 Td (could ) Tj ET Q q 0 0 0 rg BT 148.20 598.25 Td (result ) Tj ET Q q 0 0 0 rg BT 172.22 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.80 598.25 Td (material ) Tj ET Q q 0 0 0 rg BT 216.36 598.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 250.37 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 259.95 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.97 598.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 309.66 598.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 346.43 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 359.90 598.25 Td (such ) Tj ET Q q 0 0 0 rg BT 380.03 598.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.05 598.25 Td (positions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.07 598.25 Td (A) Tj ET Q q 0 0 0 rg BT 440.74 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 442.54 598.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 456.56 598.25 Td (position ) Tj ET Q q 0 0 0 rg BT 490.59 598.25 Td (is ) Tj ET Q q 0 0 0 rg BT 499.06 598.25 Td (only ) Tj ET Q q 0 0 0 rg BT 518.64 598.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.32 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.58 586.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.60 586.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 154.85 586.25 Td (if ) Tj ET Q q 0 0 0 rg BT 163.00 586.25 Td (it ) Tj ET Q q 0 0 0 rg BT 170.60 586.25 Td (is ) Tj ET Q q 0 0 0 rg BT 179.31 586.25 Td (more ) Tj ET Q q 0 0 0 rg BT 206.34 586.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 231.15 586.25 Td (than ) Tj ET Q q 0 0 0 rg BT 250.41 586.25 Td (not ) Tj ET Q q 0 0 0 rg BT 269.67 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.49 586.25 Td (be ) Tj ET Q q 0 0 0 rg BT 290.96 586.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 330.22 586.25 Td (based ) Tj ET Q q 0 0 0 rg BT 355.03 586.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 380.96 586.25 Td (on ) Tj ET Q q 0 0 0 rg BT 393.00 586.25 Td (its ) Tj ET Q q 0 0 0 rg BT 404.49 586.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 442.62 586.25 Td (merits ) Tj ET Q q 0 0 0 rg BT 469.66 586.25 Td (as ) Tj ET Q q 0 0 0 rg BT 480.03 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.40 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.66 586.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 543.35 586.25 Td (date.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (The ) Tj ET Q q 0 0 0 rg BT 66.75 574.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.34 574.25 Td (considers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.81 574.25 Td (many ) Tj ET Q q 0 0 0 rg BT 170.73 574.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 199.64 574.25 Td (when ) Tj ET Q q 0 0 0 rg BT 223.00 574.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 266.36 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.50 574.25 Td (estimating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.16 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 325.86 574.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.01 574.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.93 574.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 388.76 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.90 574.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 418.82 574.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 454.68 574.25 Td (which ) Tj ET Q q 0 0 0 rg BT 480.82 574.25 Td (may ) Tj ET Q q 0 0 0 rg BT 499.74 574.25 Td (require ) Tj ET Q q 0 0 0 rg BT 529.76 574.25 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.27 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.81 562.25 Td (that ) Tj ET Q q 0 0 0 rg BT 119.34 562.25 Td (could ) Tj ET Q q 0 0 0 rg BT 145.10 562.25 Td (result ) Tj ET Q q 0 0 0 rg BT 170.85 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.16 562.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 231.24 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.11 562.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 286.64 562.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 302.39 562.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 337.58 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 349.45 562.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 392.97 562.25 Td (char) Tj ET Q q 0 0 0 rg BT 410.00 562.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 426.87 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.18 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.94 562.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 469.69 562.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 511.00 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.98 562.25 Td (may ) Tj ET Q q 0 0 0 rg BT 549.73 562.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 92.92 550.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 120.79 550.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 147.00 550.25 Td (outcomes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 550.25 Td (The ) Tj ET Q q 0 0 0 rg BT 207.88 550.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.11 550.25 Td (has ) Tj ET Q q 0 0 0 rg BT 264.78 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 271.55 550.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 298.89 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.00 550.25 Td (classify ) Tj ET Q q 0 0 0 rg BT 341.89 550.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 375.31 550.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 407.08 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.86 550.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 461.74 550.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 505.18 550.25 Td (with ) Tj ET Q q 0 0 0 rg BT 525.29 550.25 Td (uncertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.89 538.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 102.19 538.25 Td (together ) Tj ET Q q 0 0 0 rg BT 137.13 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 157.09 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.48 538.25 Td (related ) Tj ET Q q 0 0 0 rg BT 200.86 538.25 Td (liability) Tj ET Q q 0 0 0 rg BT 231.32 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 236.00 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.62 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.01 538.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 305.29 538.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 340.78 538.25 Td (related ) Tj ET Q q 0 0 0 rg BT 370.16 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.12 538.25 Td (such ) Tj ET Q q 0 0 0 rg BT 400.62 538.25 Td (accruals ) Tj ET Q q 0 0 0 rg BT 435.55 538.25 Td (are ) Tj ET Q q 0 0 0 rg BT 449.94 538.25 Td (included ) Tj ET Q q 0 0 0 rg BT 486.55 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.51 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.90 538.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 550.86 538.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 526.25 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 500.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 127.89 500.25 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 483.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 139.47 483.25 Td (income ) Tj ET Q q 0 0 0 rg BT 172.10 483.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 206.98 483.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.51 483.25 Td (net ) Tj ET Q q 0 0 0 rg BT 233.93 483.25 Td (income ) Tj ET Q q 0 0 0 rg BT 266.57 483.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.21 483.25 Td (other ) Tj ET Q q 0 0 0 rg BT 307.96 483.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.69 483.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.13 483.25 Td (. ) Tj ET Q q 0 0 0 rg BT 406.83 483.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 432.80 483.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.54 483.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.97 483.25 Td ( ) Tj ET Q q 0 0 0 rg BT 529.17 483.25 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.59 471.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 112.69 471.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.35 471.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 149.24 471.25 Td (that ) Tj ET Q q 0 0 0 rg BT 166.12 471.25 Td (are ) Tj ET Q q 0 0 0 rg BT 180.22 471.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 218.20 471.25 Td (from ) Tj ET Q q 0 0 0 rg BT 239.53 471.25 Td (net ) Tj ET Q q 0 0 0 rg BT 253.63 471.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 287.45 471.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 335.43 471.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 378.96 471.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 401.96 471.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 434.40 471.25 Td (on ) Tj ET Q q 0 0 0 rg BT 446.29 471.25 Td (marketable ) Tj ET Q q 0 0 0 rg BT 492.59 471.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 534.75 471.25 Td (Except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.31 459.25 Td (net ) Tj ET Q q 0 0 0 rg BT 79.69 459.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 114.48 459.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 134.85 459.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 160.23 459.25 Td (on ) Tj ET Q q 0 0 0 rg BT 173.38 459.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 224.31 459.25 Td (which ) Tj ET Q q 0 0 0 rg BT 251.90 459.25 Td (was ) Tj ET Q q 0 0 0 rg BT 270.61 459.25 Td (not ) Tj ET Q q 0 0 0 rg BT 286.54 459.25 Td (significant, ) Tj ET Q q 0 0 0 rg BT 334.41 459.25 Td (there ) Tj ET Q q 0 0 0 rg BT 357.55 459.25 Td (were ) Tj ET Q q 0 0 0 rg BT 380.13 459.25 Td (no ) Tj ET Q q 0 0 0 rg BT 393.28 459.25 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 460.86 459.25 Td (out ) Tj ET Q q 0 0 0 rg BT 476.79 459.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.27 459.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 541.96 459.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.25 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.53 447.25 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.97 447.25 Td ( ) Tj ET Q q 0 0 0 rg BT 144.47 447.25 Td (that ) Tj ET Q q 0 0 0 rg BT 161.96 447.25 Td (af) Tj ET Q q 0 0 0 rg BT 169.55 447.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 196.47 447.25 Td (net ) Tj ET Q q 0 0 0 rg BT 211.19 447.25 Td (income ) Tj ET Q q 0 0 0 rg BT 243.12 447.25 Td (during ) Tj ET Q q 0 0 0 rg BT 271.73 447.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.45 447.25 Td (years ) Tj ET Q q 0 0 0 rg BT 310.05 447.25 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.92 447.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.42 447.25 Td (December ) Tj ET Q q 0 0 0 rg BT 380.01 447.25 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.51 447.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.01 447.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.01 447.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.01 447.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.01 447.25 Td (, ) Tj ET Q q 0 0 0 rg BT 445.01 447.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.95 447.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.95 447.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 421.25 Td (Geographical ) Tj ET Q q 0 0 0 rg BT 120.11 421.25 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 404.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.27 404.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.38 404.25 Td (is ) Tj ET Q q 0 0 0 rg BT 143.27 404.25 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 186.48 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.48 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.92 404.25 Td (United ) Tj ET Q q 0 0 0 rg BT 243.36 404.25 Td (States ) Tj ET Q q 0 0 0 rg BT 270.47 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.13 404.25 Td (had ) Tj ET Q q 0 0 0 rg BT 305.79 404.25 Td (no ) Tj ET Q q 0 0 0 rg BT 319.01 404.25 Td (international ) Tj ET Q q 0 0 0 rg BT 372.77 404.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 417.64 404.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.20 404.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 451.86 404.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.86 404.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 506.62 404.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 538.73 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 404.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (United ) Tj ET Q q 0 0 0 rg BT 79.22 392.25 Td (States ) Tj ET Q q 0 0 0 rg BT 105.60 392.25 Td (for ) Tj ET Q q 0 0 0 rg BT 119.76 392.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.48 392.25 Td (years ) Tj ET Q q 0 0 0 rg BT 158.08 392.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 184.46 392.25 Td (December ) Tj ET Q q 0 0 0 rg BT 228.04 392.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.04 392.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 268.04 392.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 293.04 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.98 392.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.98 392.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 366.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 91.95 366.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 142.24 366.25 Td (Pronouncements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 349.25 Td (In ) Tj ET Q q 0 0 0 rg BT 85.51 349.25 Td (May ) Tj ET Q q 0 0 0 rg BT 107.51 349.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 133.69 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.58 349.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 189.66 349.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 239.99 349.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 283.10 349.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 311.22 349.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.98 349.25 Td (F) Tj ET Q q 0 0 0 rg BT 323.80 349.25 Td (ASB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.26 349.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 354.70 349.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 382.57 349.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 432.90 349.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 476.01 349.25 Td (Update ) Tj ET Q q 0 0 0 rg BT 508.56 349.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.33 349.25 Td (ASU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.34 349.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 547.78 349.25 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td (2014-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.56 337.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 123.65 337.25 Td (fr) Tj ET Q q 0 0 0 rg BT 129.95 337.25 Td (om ) Tj ET Q q 0 0 0 rg BT 144.40 337.25 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 186.08 337.25 Td (with ) Tj ET Q q 0 0 0 rg BT 205.54 337.25 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.32 337.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.55 337.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.32 337.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 280.56 337.25 Td (2014-09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.89 337.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 326.39 337.25 Td (which ) Tj ET Q q 0 0 0 rg BT 353.06 337.25 Td (outlines ) Tj ET Q q 0 0 0 rg BT 386.95 337.25 Td (a ) Tj ET Q q 0 0 0 rg BT 393.62 337.25 Td (single ) Tj ET Q q 0 0 0 rg BT 419.74 337.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 482.50 337.25 Td (model ) Tj ET Q q 0 0 0 rg BT 509.73 337.25 Td (for ) Tj ET Q q 0 0 0 rg BT 523.62 337.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 554.73 337.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.25 Td (use ) Tj ET Q q 0 0 0 rg BT 65.48 325.25 Td (in ) Tj ET Q q 0 0 0 rg BT 75.90 325.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 122.42 325.25 Td (for ) Tj ET Q q 0 0 0 rg BT 136.73 325.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 171.02 325.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 200.88 325.25 Td (from ) Tj ET Q q 0 0 0 rg BT 222.97 325.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 261.71 325.25 Td (with ) Tj ET Q q 0 0 0 rg BT 282.13 325.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 325.33 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.41 325.25 Td (supersedes ) Tj ET Q q 0 0 0 rg BT 388.38 325.25 Td (most ) Tj ET Q q 0 0 0 rg BT 410.47 325.25 Td (current ) Tj ET Q q 0 0 0 rg BT 441.43 325.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 475.73 325.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 523.91 325.25 Td (guidance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.19 313.25 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 160.31 313.25 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 201.62 313.25 Td (This ) Tj ET Q q 0 0 0 rg BT 222.31 313.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 259.11 313.25 Td (also ) Tj ET Q q 0 0 0 rg BT 278.14 313.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 313.26 313.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 366.17 313.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 407.41 313.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 454.76 313.25 Td (about ) Tj ET Q q 0 0 0 rg BT 479.90 313.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 514.46 313.25 Td (recognition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.25 Td (In ) Tj ET Q q 0 0 0 rg BT 59.45 301.25 Td (August ) Tj ET Q q 0 0 0 rg BT 90.41 301.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.98 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.27 301.25 Td (F) Tj ET Q q 0 0 0 rg BT 134.09 301.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 155.62 301.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 191.00 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.29 301.25 Td (ef) Tj ET Q q 0 0 0 rg BT 212.87 301.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 242.15 301.25 Td (date ) Tj ET Q q 0 0 0 rg BT 260.88 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.28 301.25 Td (this ) Tj ET Q q 0 0 0 rg BT 287.80 301.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 323.75 301.25 Td (by ) Tj ET Q q 0 0 0 rg BT 335.82 301.25 Td (one ) Tj ET Q q 0 0 0 rg BT 352.33 301.25 Td (year) Tj ET Q q 0 0 0 rg BT 368.99 301.25 Td (. ) Tj ET Q q 0 0 0 rg BT 373.41 301.25 Td (The ) Tj ET Q q 0 0 0 rg BT 391.03 301.25 Td (ef) Tj ET Q q 0 0 0 rg BT 398.62 301.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 427.89 301.25 Td (date ) Tj ET Q q 0 0 0 rg BT 446.62 301.25 Td (for ) Tj ET Q q 0 0 0 rg BT 460.35 301.25 Td (public ) Tj ET Q q 0 0 0 rg BT 487.42 301.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 518.38 301.25 Td (is ) Tj ET Q q 0 0 0 rg BT 527.12 301.25 Td (for ) Tj ET Q q 0 0 0 rg BT 540.85 301.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (years ) Tj ET Q q 0 0 0 rg BT 72.96 289.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 115.32 289.25 Td (after ) Tj ET Q q 0 0 0 rg BT 135.99 289.25 Td (December ) Tj ET Q q 0 0 0 rg BT 179.44 289.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 194.30 289.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 216.66 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.46 289.25 Td (early ) Tj ET Q q 0 0 0 rg BT 255.80 289.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 293.16 289.25 Td (is ) Tj ET Q q 0 0 0 rg BT 302.19 289.25 Td (allowed. ) Tj ET Q q 0 0 0 rg BT 338.54 289.25 Td (The ) Tj ET Q q 0 0 0 rg BT 356.44 289.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 397.69 289.25 Td (will ) Tj ET Q q 0 0 0 rg BT 415.61 289.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 440.19 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.76 289.25 Td (new ) Tj ET Q q 0 0 0 rg BT 473.79 289.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 510.02 289.25 Td (as ) Tj ET Q q 0 0 0 rg BT 520.71 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.40 289.25 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 58.79 277.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 83.08 277.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.74 277.25 Td (The ) Tj ET Q q 0 0 0 rg BT 102.07 277.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 139.95 277.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 171.74 277.25 Td (two ) Tj ET Q q 0 0 0 rg BT 188.53 277.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 224.20 277.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.32 277.25 Td (adoption: ) Tj ET Q q 0 0 0 rg BT 273.88 277.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 335.09 277.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.66 277.25 Td (each ) Tj ET Q q 0 0 0 rg BT 364.76 277.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 385.99 277.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 424.43 277.25 Td (period ) Tj ET Q q 0 0 0 rg BT 451.77 277.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 491.87 277.25 Td (\(full ) Tj ET Q q 0 0 0 rg BT 510.88 277.25 Td (retrospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 265.25 Td (method\), ) Tj ET Q q 0 0 0 rg BT 87.19 265.25 Td (or ) Tj ET Q q 0 0 0 rg BT 97.39 265.25 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 158.68 265.25 Td (with ) Tj ET Q q 0 0 0 rg BT 178.33 265.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.42 265.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 238.71 265.25 Td (ef) Tj ET Q q 0 0 0 rg BT 246.30 265.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 263.16 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.35 265.25 Td (initially ) Tj ET Q q 0 0 0 rg BT 306.33 265.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 343.20 265.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.28 265.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 395.25 265.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 440.98 265.25 Td (at ) Tj ET Q q 0 0 0 rg BT 450.06 265.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.15 265.25 Td (date ) Tj ET Q q 0 0 0 rg BT 482.67 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.87 265.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 518.07 265.25 Td (application ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 253.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.55 253.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 106.15 253.25 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 160.29 253.25 Td (method\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 236.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.23 236.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.30 236.25 Td (is ) Tj ET Q q 0 0 0 rg BT 144.15 236.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 188.99 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.39 236.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 234.78 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.30 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.70 236.25 Td (new ) Tj ET Q q 0 0 0 rg BT 281.54 236.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 318.60 236.25 Td (on ) Tj ET Q q 0 0 0 rg BT 331.79 236.25 Td (its ) Tj ET Q q 0 0 0 rg BT 344.42 236.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 391.47 236.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 428.26 236.25 Td (processes, ) Tj ET Q q 0 0 0 rg BT 472.26 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.89 236.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 524.74 236.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 83.37 224.25 Td (from ) Tj ET Q q 0 0 0 rg BT 105.58 224.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 144.45 224.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 172.22 224.25 Td (by ) Tj ET Q q 0 0 0 rg BT 184.99 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.98 224.25 Td (F) Tj ET Q q 0 0 0 rg BT 204.80 224.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 226.82 224.25 Td (T) Tj ET Q q 0 0 0 rg BT 232.58 224.25 Td (ransition ) Tj ET Q q 0 0 0 rg BT 270.34 224.25 Td (Resource ) Tj ET Q q 0 0 0 rg BT 310.32 224.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 338.65 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 349.75 224.25 Td (part ) Tj ET Q q 0 0 0 rg BT 368.06 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.17 224.25 Td (their ) Tj ET Q q 0 0 0 rg BT 400.26 224.25 Td (November ) Tj ET Q q 0 0 0 rg BT 445.24 224.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 468.01 224.25 Td (meeting. ) Tj ET Q q 0 0 0 rg BT 505.29 224.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.61 224.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (has ) Tj ET Q q 0 0 0 rg BT 64.80 212.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 101.22 212.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 133.73 212.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 175.97 212.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 211.26 212.25 Td (a ) Tj ET Q q 0 0 0 rg BT 217.67 212.25 Td (third ) Tj ET Q q 0 0 0 rg BT 238.53 212.25 Td (party ) Tj ET Q q 0 0 0 rg BT 261.05 212.25 Td (service ) Tj ET Q q 0 0 0 rg BT 291.34 212.25 Td (provider) Tj ET Q q 0 0 0 rg BT 324.82 212.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.29 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.70 212.25 Td (has ) Tj ET Q q 0 0 0 rg BT 361.01 212.25 Td (a ) Tj ET Q q 0 0 0 rg BT 367.42 212.25 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 416.04 212.25 Td (project ) Tj ET Q q 0 0 0 rg BT 445.78 212.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 464.97 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.73 212.25 Td (finalize ) Tj ET Q q 0 0 0 rg BT 506.68 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.87 212.25 Td (evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 200.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 105.59 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.31 200.25 Td (implementation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 183.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.94 183.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.72 183.25 Td (has ) Tj ET Q q 0 0 0 rg BT 146.94 183.25 Td (preliminarily ) Tj ET Q q 0 0 0 rg BT 201.04 183.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 241.25 183.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 278.13 183.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 311.12 183.25 Td (to ) Tj ET Q q 0 0 0 rg BT 320.79 183.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.90 183.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 362.90 183.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.13 183.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 406.66 183.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 454.10 183.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.42 183.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.53 183.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 536.96 183.25 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.38 171.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 84.94 171.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.27 171.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 124.82 171.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 166.71 171.25 Td (The ) Tj ET Q q 0 0 0 rg BT 185.82 171.25 Td (Company) Tj ET Q q 0 0 0 rg BT 227.48 171.25 Td (s ) Tj ET Q q 0 0 0 rg BT 234.93 171.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 271.81 171.25 Td (on ) Tj ET Q q 0 0 0 rg BT 285.36 171.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.13 171.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 339.68 171.25 Td (method ) Tj ET Q q 0 0 0 rg BT 373.23 171.25 Td (will ) Tj ET Q q 0 0 0 rg BT 392.34 171.25 Td (be ) Tj ET Q q 0 0 0 rg BT 405.34 171.25 Td (based ) Tj ET Q q 0 0 0 rg BT 431.66 171.25 Td (on ) Tj ET Q q 0 0 0 rg BT 445.21 171.25 Td (various ) Tj ET Q q 0 0 0 rg BT 478.21 171.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 508.97 171.25 Td (including ) Tj ET Q q 0 0 0 rg BT 550.30 171.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.25 Td (significance ) Tj ET Q q 0 0 0 rg BT 100.25 159.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.02 159.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.68 159.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 155.33 159.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.10 159.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.76 159.25 Td (new ) Tj ET Q q 0 0 0 rg BT 199.86 159.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 236.18 159.25 Td (on ) Tj ET Q q 0 0 0 rg BT 248.62 159.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.27 159.25 Td (Company) Tj ET Q q 0 0 0 rg BT 304.94 159.25 Td (s ) Tj ET Q q 0 0 0 rg BT 311.27 159.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.69 159.25 Td (results ) Tj ET Q q 0 0 0 rg BT 377.24 159.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.12 159.25 Td (system ) Tj ET Q q 0 0 0 rg BT 424.34 159.25 Td (capabilities. ) Tj ET Q q 0 0 0 rg BT 474.64 159.25 Td (The ) Tj ET Q q 0 0 0 rg BT 492.63 159.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.95 159.25 Td (has ) Tj ET Q q 0 0 0 rg BT 549.72 159.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 64.22 147.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 108.37 147.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.08 147.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 167.23 147.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.06 147.25 Td (these ) Tj ET Q q 0 0 0 rg BT 201.11 147.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 234.71 147.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.65 147.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.37 147.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 303.87 147.25 Td (method ) Tj ET Q q 0 0 0 rg BT 336.36 147.25 Td (has ) Tj ET Q q 0 0 0 rg BT 352.19 147.25 Td (not ) Tj ET Q q 0 0 0 rg BT 367.47 147.25 Td (been ) Tj ET Q q 0 0 0 rg BT 388.85 147.25 Td (determined.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 130.25 Td (In ) Tj ET Q q 0 0 0 rg BT 83.81 130.25 Td (April ) Tj ET Q q 0 0 0 rg BT 107.45 130.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 132.49 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.25 130.25 Td (F) Tj ET Q q 0 0 0 rg BT 152.07 130.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 174.06 130.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 201.04 130.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 223.58 130.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 240.84 130.25 Td (2015-05, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.21 130.25 Td (IntangiblesGoodwill ) Tj ET Q q 0 0 0 rg BT 372.86 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.40 130.25 Td (OtherInternal-Use ) Tj ET Q q 0 0 0 rg BT 476.25 130.25 Td (Softwar) Tj ET Q q 0 0 0 rg BT 507.00 130.25 Td (e:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.77 130.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 517.31 130.25 Td (Customer) Tj ET Q q 0 0 0 rg BT 556.57 130.25 Td () Tj ET Q q 0 0 0 rg BT 558.61 130.25 Td (s ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 97.52 118.25 Td (for ) Tj ET Q q 0 0 0 rg BT 111.67 118.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 133.03 118.25 Td (Paid ) Tj ET Q q 0 0 0 rg BT 154.40 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.66 118.25 Td (a ) Tj ET Q q 0 0 0 rg BT 172.14 118.25 Td (Cloud ) Tj ET Q q 0 0 0 rg BT 199.07 118.25 Td (Computing ) Tj ET Q q 0 0 0 rg BT 245.81 118.25 Td (Arrangement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.06 118.25 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 331.32 118.25 Td (2015-05\), ) Tj ET Q q 0 0 0 rg BT 377.40 118.25 Td (which ) Tj ET Q q 0 0 0 rg BT 404.32 118.25 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 439.00 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.70 118.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 512.82 118.25 Td (under ) Tj ET Q q 0 0 0 rg BT 538.07 118.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.01 106.25 Td (cloud ) Tj ET Q q 0 0 0 rg BT 82.31 106.25 Td (computing ) Tj ET Q q 0 0 0 rg BT 128.16 106.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 167.89 106.25 Td (would ) Tj ET Q q 0 0 0 rg BT 195.96 106.25 Td (account ) Tj ET Q q 0 0 0 rg BT 230.13 106.25 Td (for ) Tj ET Q q 0 0 0 rg BT 244.87 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.16 106.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 313.21 106.25 Td (as ) Tj ET Q q 0 0 0 rg BT 324.62 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 332.13 106.25 Td (license ) Tj ET Q q 0 0 0 rg BT 362.97 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.38 106.25 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 424.66 106.25 Td (software. ) Tj ET Q q 0 0 0 rg BT 464.66 106.25 Td (On ) Tj ET Q q 0 0 0 rg BT 479.96 106.25 Td (January ) Tj ET Q q 0 0 0 rg BT 514.13 106.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 524.71 106.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 550.29 106.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 92.17 94.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 126.78 94.25 Td (ASU ) Tj ET Q q 0 0 0 rg BT 150.57 94.25 Td (2015-05 ) Tj ET Q q 0 0 0 rg BT 187.69 94.25 Td (on ) Tj ET Q q 0 0 0 rg BT 201.48 94.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.70 94.25 Td (prospective ) Tj ET Q q 0 0 0 rg BT 259.58 94.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 285.60 94.25 Td (The ) Tj ET Q q 0 0 0 rg BT 304.93 94.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 343.71 94.25 Td (did ) Tj ET Q q 0 0 0 rg BT 360.28 94.25 Td (not ) Tj ET Q q 0 0 0 rg BT 376.84 94.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 407.84 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.85 94.25 Td (Company) Tj ET Q q 0 0 0 rg BT 465.51 94.25 Td (s ) Tj ET Q q 0 0 0 rg BT 473.19 94.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 94.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (statements.) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 740.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.82 740.10 Td (January ) Tj ET Q q 0 0 0 rg BT 118.40 740.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 144.39 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.10 740.10 Td (F) Tj ET Q q 0 0 0 rg BT 164.92 740.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 187.86 740.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 215.57 740.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 239.07 740.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 257.28 740.10 Td (2016-01, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.59 740.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 338.96 740.10 Td (Instruments-Overall: ) Tj ET Q q 0 0 0 rg BT 426.88 740.10 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 478.69 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.18 740.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 527.36 740.10 Td (ement ) Tj ET Q q 0 0 0 rg BT 554.72 740.10 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 92.69 728.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 122.34 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.98 728.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 185.51 728.10 Td (Liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.72 728.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 263.14 728.10 Td (2016-01\), ) Tj ET Q q 0 0 0 rg BT 311.38 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 340.46 728.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 375.66 728.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 407.50 728.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 441.03 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.00 728.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 506.69 728.10 Td (measurement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 101.09 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.24 716.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 161.50 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.54 716.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 210.24 716.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 261.52 716.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 284.24 716.10 Td (2016-01 ) Tj ET Q q 0 0 0 rg BT 320.28 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.66 716.10 Td (ef) Tj ET Q q 0 0 0 rg BT 337.25 716.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 367.17 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.54 716.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 405.91 716.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 432.22 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.38 716.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 480.97 716.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 513.12 716.10 Td (within ) Tj ET Q q 0 0 0 rg BT 541.39 716.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 75.72 704.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 118.34 704.10 Td (after ) Tj ET Q q 0 0 0 rg BT 139.28 704.10 Td (December ) Tj ET Q q 0 0 0 rg BT 182.99 704.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 198.12 704.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 223.24 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.30 704.10 Td (early ) Tj ET Q q 0 0 0 rg BT 262.91 704.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 300.53 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.83 704.10 Td (not ) Tj ET Q q 0 0 0 rg BT 325.23 704.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 368.49 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.66 704.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 428.17 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.46 704.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 476.18 704.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 520.46 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.30 704.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 692.10 Td (this ) Tj ET Q q 0 0 0 rg BT 77.28 692.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 123.65 692.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 160.03 692.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 194.18 692.10 Td (on ) Tj ET Q q 0 0 0 rg BT 206.68 692.10 Td (its ) Tj ET Q q 0 0 0 rg BT 218.63 692.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 271.67 692.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 309.15 692.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 675.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.25 675.10 Td (February ) Tj ET Q q 0 0 0 rg BT 122.76 675.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 147.68 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.31 675.10 Td (F) Tj ET Q q 0 0 0 rg BT 167.13 675.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 189.00 675.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 215.88 675.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 238.30 675.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 255.44 675.10 Td (2016-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.69 675.10 Td (Leases ) Tj ET Q q 0 0 0 rg BT 323.32 675.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 331.30 675.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 350.93 675.10 Td (842\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.68 675.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 401.87 675.10 Td (2016-02\), ) Tj ET Q q 0 0 0 rg BT 447.88 675.10 Td (which ) Tj ET Q q 0 0 0 rg BT 474.73 675.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 509.36 675.10 Td (lessees ) Tj ET Q q 0 0 0 rg BT 539.54 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.74 675.10 Td (put ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (most ) Tj ET Q q 0 0 0 rg BT 71.26 663.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 97.45 663.10 Td (on ) Tj ET Q q 0 0 0 rg BT 109.76 663.10 Td (their ) Tj ET Q q 0 0 0 rg BT 130.40 663.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 163.24 663.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 189.99 663.10 Td (but ) Tj ET Q q 0 0 0 rg BT 205.08 663.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 246.26 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.79 663.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 299.20 663.10 Td (on ) Tj ET Q q 0 0 0 rg BT 311.51 663.10 Td (their ) Tj ET Q q 0 0 0 rg BT 332.15 663.10 Td (income ) Tj ET Q q 0 0 0 rg BT 363.89 663.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 408.42 663.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.51 663.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.26 663.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 457.55 663.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 487.64 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.73 663.10 Td (current ) Tj ET Q q 0 0 0 rg BT 528.36 663.10 Td (practice. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 72.36 651.10 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 108.54 651.10 Td (states ) Tj ET Q q 0 0 0 rg BT 133.61 651.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.46 651.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.75 651.10 Td (lessee ) Tj ET Q q 0 0 0 rg BT 185.48 651.10 Td (would ) Tj ET Q q 0 0 0 rg BT 213.33 651.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 255.05 651.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.34 651.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 285.18 651.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 319.14 651.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.65 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.72 651.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 392.13 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.76 651.10 Td (make ) Tj ET Q q 0 0 0 rg BT 427.27 651.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 450.11 651.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 491.28 651.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.58 651.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.87 651.10 Td (right-to-use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.13 639.10 Td (for ) Tj ET Q q 0 0 0 rg BT 84.98 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.39 639.10 Td (right ) Tj ET Q q 0 0 0 rg BT 120.47 639.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.44 639.10 Td (use ) Tj ET Q q 0 0 0 rg BT 145.96 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.37 639.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 205.89 639.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 227.52 639.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.38 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.78 639.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 277.96 639.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 300.82 639.10 Td (The ) Tj ET Q q 0 0 0 rg BT 318.56 639.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 354.63 639.10 Td (is ) Tj ET Q q 0 0 0 rg BT 363.49 639.10 Td (ef) Tj ET Q q 0 0 0 rg BT 371.08 639.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 400.47 639.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.33 639.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 445.40 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.03 639.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 490.88 639.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 522.51 639.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (after ) Tj ET Q q 0 0 0 rg BT 69.94 627.10 Td (December ) Tj ET Q q 0 0 0 rg BT 113.15 627.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 127.77 627.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 152.40 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.96 627.10 Td (early ) Tj ET Q q 0 0 0 rg BT 191.07 627.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 228.19 627.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.98 627.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 279.77 627.10 Td (The ) Tj ET Q q 0 0 0 rg BT 297.44 627.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 338.45 627.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 376.67 627.10 Td (does ) Tj ET Q q 0 0 0 rg BT 397.13 627.10 Td (not ) Tj ET Q q 0 0 0 rg BT 412.03 627.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 439.15 627.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.05 627.10 Td (early ) Tj ET Q q 0 0 0 rg BT 471.16 627.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 495.50 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.06 627.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.86 627.10 Td (evaluating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 615.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 93.93 615.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.76 615.10 Td (this ) Tj ET Q q 0 0 0 rg BT 121.71 615.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 168.08 615.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 204.46 615.10 Td (update ) Tj ET Q q 0 0 0 rg BT 233.61 615.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.11 615.10 Td (its ) Tj ET Q q 0 0 0 rg BT 258.06 615.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 311.10 615.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.58 615.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 598.10 Td (In ) Tj ET Q q 0 0 0 rg BT 85.36 598.10 Td (March ) Tj ET Q q 0 0 0 rg BT 114.98 598.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 141.00 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.75 598.10 Td (F) Tj ET Q q 0 0 0 rg BT 161.57 598.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 184.54 598.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 212.29 598.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 235.82 598.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 254.07 598.10 Td (2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.43 598.10 Td (Compensation-Stock ) Tj ET Q q 0 0 0 rg BT 379.71 598.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 441.02 598.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 448.99 598.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 469.73 598.10 Td (718\): ) Tj ET Q q 0 0 0 rg BT 494.92 598.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 513.99 598.10 Td (ovements ) Tj ET Q q 0 0 0 rg BT 554.72 598.10 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 91.33 586.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 109.85 586.10 Td (ed-Based ) Tj ET Q q 0 0 0 rg BT 149.47 586.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 186.69 586.10 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.64 586.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 264.82 586.10 Td (2016-09\), ) Tj ET Q q 0 0 0 rg BT 310.83 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 337.68 586.10 Td (simplifies ) Tj ET Q q 0 0 0 rg BT 379.53 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.38 586.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 424.33 586.10 Td (several ) Tj ET Q q 0 0 0 rg BT 455.05 586.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 512.45 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.47 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 527.88 586.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 547.50 586.10 Td (718 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.04 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.16 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.71 574.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 149.92 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.59 574.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 210.13 574.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 246.90 574.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 299.34 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 317.22 574.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 353.44 574.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 387.98 574.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 433.09 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.20 574.10 Td (record ) Tj ET Q q 0 0 0 rg BT 471.08 574.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 499.52 574.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.07 574.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 548.07 574.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.48 562.10 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 115.00 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 126.10 562.10 Td (income ) Tj ET Q q 0 0 0 rg BT 158.30 562.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.28 562.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 203.82 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.91 562.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 249.89 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.43 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.42 562.10 Td (income ) Tj ET Q q 0 0 0 rg BT 307.62 562.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 348.71 562.10 Td (when ) Tj ET Q q 0 0 0 rg BT 373.13 562.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 397.01 562.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 428.10 562.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 446.97 562.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.07 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 473.05 562.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 504.22 562.10 Td (This ) Tj ET Q q 0 0 0 rg BT 524.76 562.10 Td (change ) Tj ET Q q 0 0 0 rg BT 555.85 562.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (required ) Tj ET Q q 0 0 0 rg BT 86.25 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.45 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 110.32 550.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 143.19 550.10 Td (prospectively) Tj ET Q q 0 0 0 rg BT 196.41 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 202.09 550.10 Td (The ) Tj ET Q q 0 0 0 rg BT 221.07 550.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 258.38 550.10 Td (also ) Tj ET Q q 0 0 0 rg BT 277.91 550.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 307.45 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.10 550.10 Td (employer ) Tj ET Q q 0 0 0 rg BT 364.29 550.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 379.94 550.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 431.71 550.10 Td (on ) Tj ET Q q 0 0 0 rg BT 445.14 550.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 495.76 550.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 554.74 550.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.22 538.10 Td (\(up ) Tj ET Q q 0 0 0 rg BT 99.52 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.27 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.45 538.10 Td (employee) Tj ET Q q 0 0 0 rg BT 165.10 538.10 Td (s ) Tj ET Q q 0 0 0 rg BT 170.96 538.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 213.48 538.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 250.44 538.10 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 274.62 538.10 Td (without ) Tj ET Q q 0 0 0 rg BT 307.14 538.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 348.54 538.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 381.62 538.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 427.46 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.87 538.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 480.27 538.10 Td (an ) Tj ET Q q 0 0 0 rg BT 491.68 538.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 537.52 538.10 Td (policy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (election ) Tj ET Q q 0 0 0 rg BT 83.66 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.95 526.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 118.68 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.41 526.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 181.47 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.31 526.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 236.47 526.10 Td (when ) Tj ET Q q 0 0 0 rg BT 260.64 526.10 Td (they ) Tj ET Q q 0 0 0 rg BT 280.37 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 295.09 526.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 333.23 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 351.29 526.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 387.68 526.10 Td (is ) Tj ET Q q 0 0 0 rg BT 396.86 526.10 Td (ef) Tj ET Q q 0 0 0 rg BT 404.45 526.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 434.16 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 448.34 526.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 479.73 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.68 526.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 525.85 526.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.38 514.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 123.82 514.10 Td (after ) Tj ET Q q 0 0 0 rg BT 144.57 514.10 Td (December ) Tj ET Q q 0 0 0 rg BT 188.10 514.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 203.04 514.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 227.98 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.86 514.10 Td (early ) Tj ET Q q 0 0 0 rg BT 267.29 514.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 304.72 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.84 514.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 356.92 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 374.91 514.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 416.24 514.10 Td (will ) Tj ET Q q 0 0 0 rg BT 434.24 514.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 458.89 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.55 514.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 509.87 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 520.64 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.41 514.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 58.62 502.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 82.62 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.78 502.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.29 502.10 Td (has ) Tj ET Q q 0 0 0 rg BT 155.23 502.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 185.16 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.56 502.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 230.61 502.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 273.89 502.10 Td (forfeitures, ) Tj ET Q q 0 0 0 rg BT 319.65 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.71 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 344.00 502.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 381.15 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.54 502.10 Td (record ) Tj ET Q q 0 0 0 rg BT 417.70 502.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 461.53 502.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 517.01 502.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.84 502.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.81 490.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 96.55 490.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 133.97 490.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 157.50 490.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 198.28 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 217.36 490.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 259.79 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 278.88 490.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 304.63 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.39 490.10 Td (above ) Tj ET Q q 0 0 0 rg BT 347.80 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 361.34 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.31 490.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 408.95 490.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 464.13 490.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 489.91 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 508.99 490.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 546.41 490.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 93.04 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.69 478.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 158.44 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.65 478.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 211.62 478.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 244.60 478.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 273.14 478.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 287.79 478.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 321.88 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.65 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.52 478.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 379.72 478.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 412.15 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.37 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.02 478.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 477.78 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.54 478.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 508.75 478.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 533.41 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.28 478.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.89 466.10 Td (will ) Tj ET Q q 0 0 0 rg BT 108.94 466.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 133.66 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 146.16 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.10 466.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 207.24 466.10 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 449.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.83 449.10 Td (January ) Tj ET Q q 0 0 0 rg BT 118.94 449.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 144.44 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.66 449.10 Td (F) Tj ET Q q 0 0 0 rg BT 164.48 449.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 186.94 449.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 214.28 449.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 237.29 449.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 255.02 449.10 Td (2017-01, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.85 449.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 331.86 449.10 Td (Combinations ) Tj ET Q q 0 0 0 rg BT 390.98 449.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 398.95 449.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 419.17 449.10 Td (805\): ) Tj ET Q q 0 0 0 rg BT 443.84 449.10 Td (Clarifying ) Tj ET Q q 0 0 0 rg BT 487.96 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.18 449.10 Td (Definition ) Tj ET Q q 0 0 0 rg BT 546.73 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.52 449.10 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.52 437.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 116.31 437.10 Td (2017-01\). ) Tj ET Q q 0 0 0 rg BT 161.78 437.10 Td (This ) Tj ET Q q 0 0 0 rg BT 181.58 437.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 217.48 437.10 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 251.70 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.93 437.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 306.83 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.18 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 323.64 437.10 Td (business ) Tj ET Q q 0 0 0 rg BT 359.55 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.01 437.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.70 437.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 421.15 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.95 437.10 Td (help ) Tj ET Q q 0 0 0 rg BT 450.18 437.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 494.97 437.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 530.30 437.10 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.22 425.10 Td (should ) Tj ET Q q 0 0 0 rg BT 129.85 425.10 Td (be ) Tj ET Q q 0 0 0 rg BT 142.25 425.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 185.74 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 200.36 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.65 425.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 262.38 425.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 277.00 425.10 Td (disposals\) ) Tj ET Q q 0 0 0 rg BT 319.96 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.25 425.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 357.54 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 368.83 425.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 416.29 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 434.80 425.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 471.63 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 481.26 425.10 Td (ef) Tj ET Q q 0 0 0 rg BT 488.85 425.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 519.01 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 533.63 425.10 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.16 413.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 95.04 413.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 126.70 413.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 168.92 413.10 Td (after ) Tj ET Q q 0 0 0 rg BT 189.46 413.10 Td (December ) Tj ET Q q 0 0 0 rg BT 232.77 413.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 247.49 413.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 269.71 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.37 413.10 Td (early ) Tj ET Q q 0 0 0 rg BT 308.58 413.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 345.80 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 354.69 413.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 395.24 413.10 Td (under ) Tj ET Q q 0 0 0 rg BT 420.23 413.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 449.65 413.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 510.86 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.63 413.10 Td (standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (should ) Tj ET Q q 0 0 0 rg BT 79.10 401.10 Td (be ) Tj ET Q q 0 0 0 rg BT 91.47 401.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 123.84 401.10 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 180.64 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.90 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.16 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.31 401.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 261.24 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.50 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.64 401.10 Td (period ) Tj ET Q q 0 0 0 rg BT 316.12 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.38 401.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 367.60 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.08 401.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 427.89 401.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 466.92 401.10 Td (does ) Tj ET Q q 0 0 0 rg BT 488.18 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 503.89 401.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 531.82 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 542.53 401.10 Td (early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 74.22 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.16 389.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.33 389.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 144.48 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.19 389.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 188.90 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.73 389.10 Td (this ) Tj ET Q q 0 0 0 rg BT 216.68 389.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 263.05 389.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 299.43 389.10 Td (update ) Tj ET Q q 0 0 0 rg BT 328.59 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 341.09 389.10 Td (its ) Tj ET Q q 0 0 0 rg BT 353.04 389.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 406.08 389.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 443.56 389.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.20 372.10 Td (In ) Tj ET Q q 0 0 0 rg BT 87.24 372.10 Td (January ) Tj ET Q q 0 0 0 rg BT 121.04 372.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 146.25 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.17 372.10 Td (F) Tj ET Q q 0 0 0 rg BT 165.99 372.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 188.14 372.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 215.25 372.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 237.96 372.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 255.38 372.10 Td (2017-04, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 293.92 372.10 Td (Intangibles ) Tj ET Q q 0 0 0 rg BT 341.62 372.10 Td (- ) Tj ET Q q 0 0 0 rg BT 347.65 372.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 387.58 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.29 372.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 431.32 372.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 439.29 372.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 459.22 372.10 Td (350\): ) Tj ET Q q 0 0 0 rg BT 483.58 372.10 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 531.84 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.76 372.10 Td (T) Tj ET Q q 0 0 0 rg BT 551.40 372.10 Td (est ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.65 360.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 103.36 360.10 Td (Impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 360.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 182.75 360.10 Td (2017-04\). ) Tj ET Q q 0 0 0 rg BT 228.65 360.10 Td (The ) Tj ET Q q 0 0 0 rg BT 246.68 360.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 283.04 360.10 Td (eliminates ) Tj ET Q q 0 0 0 rg BT 326.62 360.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 346.87 360.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 354.35 360.10 Td (from ) Tj ET Q q 0 0 0 rg BT 376.27 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.97 360.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 429.01 360.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 477.59 360.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 496.45 360.10 Td (which ) Tj ET Q q 0 0 0 rg BT 523.37 360.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 558.06 360.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 101.29 348.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 139.19 348.10 Td (price ) Tj ET Q q 0 0 0 rg BT 161.53 348.10 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 205.65 348.10 Td (The ) Tj ET Q q 0 0 0 rg BT 223.56 348.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.81 348.10 Td (will ) Tj ET Q q 0 0 0 rg BT 282.73 348.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 319.52 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.66 348.10 Td (have ) Tj ET Q q 0 0 0 rg BT 350.90 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.47 348.10 Td (option ) Tj ET Q q 0 0 0 rg BT 393.39 348.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.53 348.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 438.10 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.68 348.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 497.24 348.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 544.04 348.10 Td (for ) Tj ET Q q 0 0 0 rg BT 558.06 348.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.17 336.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 105.75 336.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.54 336.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 157.54 336.10 Td (if ) Tj ET Q q 0 0 0 rg BT 165.66 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.90 336.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 229.12 336.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 277.23 336.10 Td (test ) Tj ET Q q 0 0 0 rg BT 293.14 336.10 Td (is ) Tj ET Q q 0 0 0 rg BT 301.82 336.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 340.04 336.10 Td (. ) Tj ET Q q 0 0 0 rg BT 344.41 336.10 Td (The ) Tj ET Q q 0 0 0 rg BT 361.98 336.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 397.87 336.10 Td (is ) Tj ET Q q 0 0 0 rg BT 406.56 336.10 Td (ef) Tj ET Q q 0 0 0 rg BT 414.14 336.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 443.36 336.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.04 336.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 487.94 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.39 336.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 533.07 336.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 91.72 324.10 Td (after ) Tj ET Q q 0 0 0 rg BT 112.27 324.10 Td (December ) Tj ET Q q 0 0 0 rg BT 155.58 324.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 170.31 324.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 192.53 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.20 324.10 Td (early ) Tj ET Q q 0 0 0 rg BT 231.41 324.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 268.64 324.10 Td (is ) Tj ET Q q 0 0 0 rg BT 277.54 324.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 318.08 324.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.97 324.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 363.08 324.10 Td (or ) Tj ET Q q 0 0 0 rg BT 373.64 324.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 402.52 324.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 440.31 324.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 488.63 324.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 508.64 324.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 552.51 324.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 78.79 312.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 101.97 312.10 Td (after ) Tj ET Q q 0 0 0 rg BT 122.91 312.10 Td (January ) Tj ET Q q 0 0 0 rg BT 156.63 312.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 166.76 312.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 191.70 312.10 Td (The ) Tj ET Q q 0 0 0 rg BT 209.87 312.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 246.38 312.10 Td (should ) Tj ET Q q 0 0 0 rg BT 275.67 312.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.74 312.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 319.80 312.10 Td (on ) Tj ET Q q 0 0 0 rg BT 332.43 312.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.49 312.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 388.21 312.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 413.15 312.10 Td (The ) Tj ET Q q 0 0 0 rg BT 431.32 312.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.84 312.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.13 312.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 520.85 312.10 Td (evaluating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 300.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 93.93 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.76 300.10 Td (this ) Tj ET Q q 0 0 0 rg BT 121.71 300.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 168.08 300.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 204.46 300.10 Td (update ) Tj ET Q q 0 0 0 rg BT 233.61 300.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.11 300.10 Td (its ) Tj ET Q q 0 0 0 rg BT 258.06 300.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 311.10 300.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.58 300.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 274.10 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 274.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 274.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 112.83 274.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 146.99 274.10 Td (Per) Tj ET Q q 0 0 0 rg BT 161.79 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.29 274.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 184.68 274.10 Td (e ) Tj ET Q q 0 0 0 rg BT 191.61 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.44 274.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 244.39 274.10 Td (Stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.28 274.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 257.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 90.91 257.10 Td (income ) Tj ET Q q 0 0 0 rg BT 123.31 257.10 Td (per ) Tj ET Q q 0 0 0 rg BT 139.04 257.10 Td (share ) Tj ET Q q 0 0 0 rg BT 163.11 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.41 257.10 Td (common ) Tj ET Q q 0 0 0 rg BT 212.37 257.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.45 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.08 257.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 289.58 257.10 Td (by ) Tj ET Q q 0 0 0 rg BT 302.55 257.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 338.85 257.10 Td (net ) Tj ET Q q 0 0 0 rg BT 354.04 257.10 Td (income ) Tj ET Q q 0 0 0 rg BT 386.44 257.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.40 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.59 257.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 454.21 257.10 Td (average ) Tj ET Q q 0 0 0 rg BT 488.26 257.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.22 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 257.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.33 245.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 122.73 245.10 Td (during ) Tj ET Q q 0 0 0 rg BT 151.56 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.50 245.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 197.28 245.10 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 230.00 245.10 Td (net ) Tj ET Q q 0 0 0 rg BT 244.94 245.10 Td (income ) Tj ET Q q 0 0 0 rg BT 277.10 245.10 Td (per ) Tj ET Q q 0 0 0 rg BT 292.59 245.10 Td (share ) Tj ET Q q 0 0 0 rg BT 316.42 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.48 245.10 Td (common ) Tj ET Q q 0 0 0 rg BT 365.20 245.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 389.03 245.10 Td (is ) Tj ET Q q 0 0 0 rg BT 398.43 245.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 441.68 245.10 Td (by ) Tj ET Q q 0 0 0 rg BT 454.41 245.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 490.47 245.10 Td (net ) Tj ET Q q 0 0 0 rg BT 505.41 245.10 Td (income ) Tj ET Q q 0 0 0 rg BT 537.57 245.10 Td (by ) Tj ET Q q 0 0 0 rg BT 550.30 245.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 88.71 233.10 Td (average ) Tj ET Q q 0 0 0 rg BT 122.35 233.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 149.89 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.77 233.10 Td (common ) Tj ET Q q 0 0 0 rg BT 198.32 233.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.99 233.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 271.20 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.20 233.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 325.74 233.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.28 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.17 233.10 Td (common ) Tj ET Q q 0 0 0 rg BT 401.72 233.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 425.38 233.10 Td (during ) Tj ET Q q 0 0 0 rg BT 454.04 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.81 233.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 499.41 233.10 Td (Potential ) Tj ET Q q 0 0 0 rg BT 537.52 233.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.02 221.10 Td (common ) Tj ET Q q 0 0 0 rg BT 97.21 221.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 120.51 221.10 Td (include ) Tj ET Q q 0 0 0 rg BT 152.13 221.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 184.88 221.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 212.06 221.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 259.79 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.76 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.16 221.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 320.79 221.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 355.74 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.26 221.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 389.56 221.10 Td (options, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.70 221.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.04 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 451.74 221.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 536.67 221.10 Td (RSUs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 102.53 209.10 Td (A) Tj ET Q q 0 0 0 rg BT 108.84 209.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.72 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 137.72 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.66 209.10 Td (ESPP) Tj ET Q q 0 0 0 rg BT 177.08 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.58 209.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 207.07 209.10 Td (using ) Tj ET Q q 0 0 0 rg BT 231.24 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.96 209.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 280.66 209.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 304.27 209.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 339.27 209.10 Td (if ) Tj ET Q q 0 0 0 rg BT 347.87 209.10 Td (dilutive.) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The components of net income per share of common stock were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 670.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 670.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 670.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 670.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 640.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 640.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 640.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 640.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 610.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 610.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 610.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 610.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 580.60 337.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 580.60 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 580.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 580.60 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 580.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 580.60 56.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 540.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 540.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 540.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 540.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 540.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 510.60 337.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 510.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 510.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 510.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 510.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 714.6 m 443 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 714.6 m 447 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 714.6 m 503 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 714.6 m 507 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 714.6 m 563 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 699.6 m 443 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 699.6 m 503 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 714.6 m 563 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 699.6 m 563 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 656.6 m 443 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 654.6 m 443 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 656.6 m 503 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 654.6 m 503 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 656.6 m 563 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 654.6 m 563 654.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 626.6 m 443 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 624.6 m 443 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 626.6 m 503 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 624.6 m 503 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 626.6 m 563 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 624.6 m 563 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 595.6 m 443 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 595.6 m 503 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 595.6 m 563 595.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 555.6 m 443 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 555.6 m 503 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 555.6 m 563 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 541.6 m 443 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 539.6 m 443 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 541.6 m 503 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 539.6 m 503 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 555.6 m 563 555.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 541.6 m 563 541.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 539.6 m 563 539.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 719.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 719.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.10 718.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 704.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 704.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.50 703.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 703.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 703.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 674.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.90 690.83 Td (\(in thousands, except shar) Tj ET Q q 0 0 0 rg BT 492.66 690.83 Td (e and per) Tj ET Q q 0 0 0 rg BT 524.51 690.83 Td ( shar) Tj ET Q q 0 0 0 rg BT 541.48 690.83 Td (e ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.45 682.83 Td (amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 661.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 660.27 Td (37,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 660.27 Td (22,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 660.27 Td (14,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 646.17 Td (Basic shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 631.17 Td (Weighted average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.10 630.27 Td (31,179,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 630.27 Td (29,179,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 630.27 Td (27,858,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 616.17 Td (Diluted shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 601.17 Td (Weighted average shares used to compute basic net income per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.10 600.27 Td (31,179,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 600.27 Td (29,179,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 600.27 Td (27,858,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 586.17 Td (Effect of potentially dilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 571.17 Td (Employee stock options, RSUs, performance-vesting RSUs, Performance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 561.17 Td (Awards and ESPP shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.10 560.27 Td (1,619,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.10 560.27 Td (1,663,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 560.27 Td (1,735,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 546.17 Td (Weighted average shares used to compute diluted net income per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.10 545.27 Td (32,799,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.10 545.27 Td (30,842,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 545.27 Td (29,593,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 531.17 Td (Net income per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 516.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 515.27 Td (1.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 515.27 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 515.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 515.27 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 501.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 500.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 500.27 Td (1.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 500.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 500.27 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 500.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 500.27 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 479.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.81 479.10 Td (following ) Tj ET Q q 0 0 0 rg BT 133.45 479.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 171.20 479.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 210.62 479.10 Td (average ) Tj ET Q q 0 0 0 rg BT 244.46 479.10 Td (common ) Tj ET Q q 0 0 0 rg BT 282.22 479.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 309.97 479.10 Td (were ) Tj ET Q q 0 0 0 rg BT 332.16 479.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 371.01 479.10 Td (from ) Tj ET Q q 0 0 0 rg BT 393.21 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.19 479.10 Td (computation ) Tj ET Q q 0 0 0 rg BT 460.94 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.03 479.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 502.56 479.10 Td (net ) Tj ET Q q 0 0 0 rg BT 517.54 479.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.73 479.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 75.60 467.10 Td (as ) Tj ET Q q 0 0 0 rg BT 86.43 467.10 Td (their ) Tj ET Q q 0 0 0 rg BT 107.25 467.10 Td (ef) Tj ET Q q 0 0 0 rg BT 114.84 467.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 132.33 467.10 Td (would ) Tj ET Q q 0 0 0 rg BT 159.83 467.10 Td (have ) Tj ET Q q 0 0 0 rg BT 181.20 467.10 Td (been ) Tj ET Q q 0 0 0 rg BT 202.58 467.10 Td (anti-dilutive:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 421.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 421.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 421.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 421.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 421.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 436.6 m 449 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 436.6 m 453 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 436.6 m 506 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 436.6 m 510 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 436.6 m 563 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 436.6 m 449 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 421.6 m 449 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 436.6 m 453 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 436.6 m 506 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 421.6 m 506 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 436.6 m 563 436.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 421.6 m 563 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 421.6 m 449 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 421.6 m 506 421.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 421.6 m 563 421.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 441.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 441.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 440.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 426.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 426.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 425.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 425.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 425.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 412.17 Td (Employee stock options and awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 411.27 Td (48,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 411.27 Td (225,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 411.27 Td (624,277) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 390.10 Td (Performance-vesting ) Tj ET Q q 0 0 0 rg BT 159.76 390.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 186.07 390.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.47 390.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 256.87 390.10 Td (A) Tj ET Q q 0 0 0 rg BT 263.17 390.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.05 390.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.01 390.10 Td (are ) Tj ET Q q 0 0 0 rg BT 305.18 390.10 Td (included ) Tj ET Q q 0 0 0 rg BT 342.58 390.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.32 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.50 390.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 399.24 390.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 427.19 390.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 476.82 390.10 Td (for ) Tj ET Q q 0 0 0 rg BT 491.44 390.10 Td (each ) Tj ET Q q 0 0 0 rg BT 512.72 390.10 Td (period ) Tj ET Q q 0 0 0 rg BT 541.23 390.10 Td (if ) Tj ET Q q 0 0 0 rg BT 550.30 390.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (established ) Tj ET Q q 0 0 0 rg BT 96.11 378.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 148.82 378.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 179.31 378.10 Td (have ) Tj ET Q q 0 0 0 rg BT 200.36 378.10 Td (been ) Tj ET Q q 0 0 0 rg BT 221.42 378.10 Td (met ) Tj ET Q q 0 0 0 rg BT 238.60 378.10 Td (at ) Tj ET Q q 0 0 0 rg BT 247.99 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.39 378.10 Td (end ) Tj ET Q q 0 0 0 rg BT 279.01 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.52 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.92 378.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 346.63 378.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 380.75 378.10 Td (However) Tj ET Q q 0 0 0 rg BT 417.00 378.10 Td (, ) Tj ET Q q 0 0 0 rg BT 421.68 378.10 Td (if ) Tj ET Q q 0 0 0 rg BT 429.97 378.10 Td (none ) Tj ET Q q 0 0 0 rg BT 451.58 378.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.10 378.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.49 378.10 Td (required ) Tj ET Q q 0 0 0 rg BT 511.99 378.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 79.51 366.10 Td (have ) Tj ET Q q 0 0 0 rg BT 100.08 366.10 Td (been ) Tj ET Q q 0 0 0 rg BT 120.65 366.10 Td (met ) Tj ET Q q 0 0 0 rg BT 137.34 366.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.70 366.10 Td (such ) Tj ET Q q 0 0 0 rg BT 170.72 366.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 203.24 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.15 366.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 257.74 366.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 292.76 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.67 366.10 Td (number ) Tj ET Q q 0 0 0 rg BT 338.91 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.94 366.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 375.62 366.10 Td (that ) Tj ET Q q 0 0 0 rg BT 392.31 366.10 Td (would ) Tj ET Q q 0 0 0 rg BT 419.01 366.10 Td (be ) Tj ET Q q 0 0 0 rg BT 430.15 366.10 Td (issuable ) Tj ET Q q 0 0 0 rg BT 464.06 366.10 Td (if ) Tj ET Q q 0 0 0 rg BT 471.86 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.77 366.10 Td (end ) Tj ET Q q 0 0 0 rg BT 501.91 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.93 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.85 366.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.75 354.10 Td (were ) Tj ET Q q 0 0 0 rg BT 99.88 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.80 354.10 Td (end ) Tj ET Q q 0 0 0 rg BT 131.94 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.97 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.89 354.10 Td (contingency ) Tj ET Q q 0 0 0 rg BT 209.47 354.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 239.62 354.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 288.96 354.10 Td (, ) Tj ET Q q 0 0 0 rg BT 294.16 354.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.64 354.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 340.12 354.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.60 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.52 354.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 407.09 354.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 430.90 354.10 Td (options ) Tj ET Q q 0 0 0 rg BT 463.05 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.19 354.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 511.22 354.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 536.14 354.10 Td (above, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.10 Td (20,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 342.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.89 342.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 105.76 342.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 150.98 342.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 235.60 342.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 260.84 342.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.16 342.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 329.72 342.10 Td (A) Tj ET Q q 0 0 0 rg BT 336.02 342.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 361.79 342.10 Td (were ) Tj ET Q q 0 0 0 rg BT 383.10 342.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 421.09 342.10 Td (from ) Tj ET Q q 0 0 0 rg BT 442.41 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.52 342.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 488.95 342.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 515.83 342.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.93 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.92 330.10 Td (year ) Tj ET Q q 0 0 0 rg BT 95.90 330.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.55 330.10 Td (December ) Tj ET Q q 0 0 0 rg BT 164.40 330.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.90 330.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.67 330.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.67 330.10 Td (. ) Tj ET Q q 0 0 0 rg BT 202.95 330.10 Td (No ) Tj ET Q q 0 0 0 rg BT 216.94 330.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.70 330.10 Td (were ) Tj ET Q q 0 0 0 rg BT 264.90 330.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 302.77 330.10 Td (from ) Tj ET Q q 0 0 0 rg BT 323.98 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.96 330.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 370.29 330.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 397.05 330.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 445.49 330.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.92 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.91 330.10 Td (years ) Tj ET Q q 0 0 0 rg BT 495.78 330.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.42 330.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 318.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 318.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 318.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.00 318.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 318.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.83 318.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 292.10 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 292.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 292.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 137.84 292.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 192.57 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.19 292.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 229.34 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.66 292.10 Td (V) Tj ET Q q 0 0 0 rg BT 237.96 292.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 258.24 292.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 290.83 292.10 Td (ements) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 275.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 92.66 275.10 Td (value ) Tj ET Q q 0 0 0 rg BT 117.38 275.10 Td (is ) Tj ET Q q 0 0 0 rg BT 127.10 275.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 160.14 275.10 Td (as ) Tj ET Q q 0 0 0 rg BT 171.53 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.80 275.10 Td (price ) Tj ET Q q 0 0 0 rg BT 209.84 275.10 Td (that ) Tj ET Q q 0 0 0 rg BT 227.89 275.10 Td (would ) Tj ET Q q 0 0 0 rg BT 255.95 275.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.44 275.10 Td (received ) Tj ET Q q 0 0 0 rg BT 305.36 275.10 Td (from ) Tj ET Q q 0 0 0 rg BT 327.85 275.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 357.57 275.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.07 275.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 392.56 275.10 Td (or ) Tj ET Q q 0 0 0 rg BT 403.95 275.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 424.22 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.05 275.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 468.65 275.10 Td (a ) Tj ET Q q 0 0 0 rg BT 476.14 275.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 510.31 275.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.14 275.10 Td (an ) Tj ET Q q 0 0 0 rg BT 533.63 275.10 Td (orderly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 95.86 263.10 Td (between ) Tj ET Q q 0 0 0 rg BT 131.67 263.10 Td (market ) Tj ET Q q 0 0 0 rg BT 161.93 263.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 211.07 263.10 Td (at ) Tj ET Q q 0 0 0 rg BT 220.78 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.49 263.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 291.29 263.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 312.94 263.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 331.54 263.10 Td (value ) Tj ET Q q 0 0 0 rg BT 355.69 263.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 415.39 263.10 Td (are ) Tj ET Q q 0 0 0 rg BT 430.09 263.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 470.34 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.27 263.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 526.98 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.25 263.10 Td (one ) Tj ET Q q 0 0 0 rg BT 554.19 263.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 251.10 Td (following ) Tj ET Q q 0 0 0 rg BT 105.60 251.10 Td (three ) Tj ET Q q 0 0 0 rg BT 128.09 251.10 Td (categories:) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 234.10 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 104.76 234.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.08 234.10 Td (V) Tj ET Q q 0 0 0 rg BT 123.20 234.10 Td (aluations ) Tj ET Q q 0 0 0 rg BT 161.80 234.10 Td (based ) Tj ET Q q 0 0 0 rg BT 187.07 234.10 Td (on ) Tj ET Q q 0 0 0 rg BT 199.57 234.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 229.29 234.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 255.66 234.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.94 234.10 Td (active ) Tj ET Q q 0 0 0 rg BT 292.31 234.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 326.47 234.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.63 234.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 377.56 234.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.39 234.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.22 234.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.93 234.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 217.10 Td (Level2 ) Tj ET Q q 0 0 0 rg BT 104.97 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.47 217.10 Td (V) Tj ET Q q 0 0 0 rg BT 123.58 217.10 Td (aluations ) Tj ET Q q 0 0 0 rg BT 162.39 217.10 Td (based ) Tj ET Q q 0 0 0 rg BT 187.86 217.10 Td (on ) Tj ET Q q 0 0 0 rg BT 200.56 217.10 Td (other ) Tj ET Q q 0 0 0 rg BT 223.81 217.10 Td (than ) Tj ET Q q 0 0 0 rg BT 243.73 217.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 273.65 217.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 300.23 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.71 217.10 Td (active ) Tj ET Q q 0 0 0 rg BT 337.28 217.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 371.64 217.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.00 217.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 423.13 217.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.16 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.30 217.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 508.72 217.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 538.64 217.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 205.10 Td (for ) Tj ET Q q 0 0 0 rg BT 86.13 205.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 123.02 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.81 205.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 164.05 205.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.85 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 200.64 205.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 240.32 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.57 205.10 Td (inactive ) Tj ET Q q 0 0 0 rg BT 284.68 205.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 321.30 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.10 205.10 Td (other ) Tj ET Q q 0 0 0 rg BT 355.11 205.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 382.02 205.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.48 205.10 Td (are ) Tj ET Q q 0 0 0 rg BT 414.15 205.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 459.93 205.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.73 205.10 Td (can ) Tj ET Q q 0 0 0 rg BT 487.07 205.10 Td (be ) Tj ET Q q 0 0 0 rg BT 498.97 205.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 552.52 205.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 193.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 117.82 193.10 Td (market ) Tj ET Q q 0 0 0 rg BT 148.08 193.10 Td (data ) Tj ET Q q 0 0 0 rg BT 167.23 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 181.39 193.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 234.45 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.16 193.10 Td (full ) Tj ET Q q 0 0 0 rg BT 265.55 193.10 Td (term ) Tj ET Q q 0 0 0 rg BT 286.38 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.21 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.92 193.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 337.75 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 348.58 193.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 193.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 176.10 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 105.94 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 119.34 176.10 Td (V) Tj ET Q q 0 0 0 rg BT 125.46 176.10 Td (aluations ) Tj ET Q q 0 0 0 rg BT 165.23 176.10 Td (based ) Tj ET Q q 0 0 0 rg BT 191.68 176.10 Td (on ) Tj ET Q q 0 0 0 rg BT 205.35 176.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 233.47 176.10 Td (that ) Tj ET Q q 0 0 0 rg BT 252.14 176.10 Td (are ) Tj ET Q q 0 0 0 rg BT 268.02 176.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 308.90 176.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 365.88 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.00 176.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 422.66 176.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 451.87 176.10 Td (management) Tj ET Q q 0 0 0 rg BT 505.73 176.10 Td (s ) Tj ET Q q 0 0 0 rg BT 513.30 176.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 554.18 176.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 164.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 123.95 164.10 Td (that ) Tj ET Q q 0 0 0 rg BT 141.44 164.10 Td (market ) Tj ET Q q 0 0 0 rg BT 171.71 164.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 220.86 164.10 Td (would ) Tj ET Q q 0 0 0 rg BT 248.36 164.10 Td (use ) Tj ET Q q 0 0 0 rg BT 264.19 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.47 164.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 305.29 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.01 164.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 345.84 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.67 164.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.78 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 133.40 740.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 159.45 740.10 Td (set ) Tj ET Q q 0 0 0 rg BT 173.29 740.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 195.47 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 208.20 740.10 Td (level ) Tj ET Q q 0 0 0 rg BT 230.36 740.10 Td (within ) Tj ET Q q 0 0 0 rg BT 258.65 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.60 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.21 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.60 740.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 355.08 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.03 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 411.70 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 418.32 740.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.03 740.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 482.09 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.82 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 521.98 740.10 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 728.10 Td (at ) Tj ET Q q 0 0 0 rg BT 73.38 728.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.75 728.10 Td (value ) Tj ET Q q 0 0 0 rg BT 113.91 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.41 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.35 728.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 172.49 728.10 Td (basis:) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 670.60 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 670.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 670.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 670.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 670.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 670.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 670.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 670.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 640.60 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 640.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 640.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 640.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 640.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 640.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 640.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 640.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 640.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 610.60 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 610.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 610.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 610.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 610.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 610.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 610.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 610.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 610.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 580.60 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 580.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 580.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 580.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 580.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 580.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 580.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 580.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 580.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 550.60 222.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 550.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 550.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 550.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 550.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 550.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.00 550.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 550.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 550.60 4.00 -15.00 re f 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l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 519.6 m 562 519.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 305.70 703.05 Td (December 31, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.70 703.05 Td (December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 688.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.10 688.05 Td (Level 1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.10 688.05 Td (Level 2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 381.15 688.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.10 688.05 Td (Level 1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.10 688.05 Td (Level 2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.15 688.05 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 674.86 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 314.60 675.00 Td (\(in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 462.60 675.00 Td (\(in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 661.86 Td (Cash equivalents:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 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BT 332.25 630.06 Td (149,976) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 630.06 Td (301,636) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 630.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 630.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 630.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 601.86 Td (Investments:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 585.06 Td (Certificates of deposit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.50 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.75 585.06 Td (12,088) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 585.06 Td (12,088) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 585.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 585.06 Td (12,928) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 585.06 Td (12,928) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 570.06 Td (Corporate notes and obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.50 570.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.75 570.06 Td (28,892) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 570.06 Td (28,892) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 570.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 570.06 Td (28,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 570.06 Td (28,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 555.06 Td (Municipal obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.50 555.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.75 555.06 Td (11,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 555.06 Td (11,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 555.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 555.06 Td (2,648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 555.06 Td (2,648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.50 540.06 Td (U.S. government and government agency obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.25 540.06 Td (4,579) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.75 540.06 Td (30,852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 540.06 Td (35,431) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 540.06 Td (19,429) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 540.06 Td (41,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 540.06 Td (60,667) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.50 525.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.25 525.06 Td (158,972) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.50 525.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.25 525.06 Td (233,169) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.50 525.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 525.06 Td (392,141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 525.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.75 525.06 Td (26,217) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.50 525.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 525.06 Td (85,019) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 525.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 525.06 Td (111,236) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 504.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 112.05 504.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 160.05 504.10 Td (include ) Tj ET Q q 0 0 0 rg BT 190.82 504.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 212.43 504.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.53 504.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 280.91 504.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.69 504.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 348.30 504.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.41 504.10 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 458.16 504.10 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 522.25 504.10 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.77 492.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.05 492.10 Td (money ) Tj ET Q q 0 0 0 rg BT 112.21 492.10 Td (market ) Tj ET Q q 0 0 0 rg BT 142.91 492.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 183.34 492.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 230.14 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.42 492.10 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 275.75 492.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 325.89 492.10 Td (paper) Tj ET Q q 0 0 0 rg BT 347.69 492.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.14 492.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 393.83 492.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 423.17 492.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 466.10 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.49 492.10 Td (government ) Tj ET Q q 0 0 0 rg BT 534.19 492.10 Td (agency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 97.84 480.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.68 480.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 158.95 480.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 204.79 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.52 480.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.14 480.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 247.32 480.10 Td (government) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.08 480.10 Td (. ) Tj ET Q q 0 0 0 rg BT 298.88 480.10 Td (The ) Tj ET Q q 0 0 0 rg BT 315.83 480.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 356.12 480.10 Td (classifies ) Tj ET Q q 0 0 0 rg BT 394.17 480.10 Td (its ) Tj ET Q q 0 0 0 rg BT 405.02 480.10 Td (money ) Tj ET Q q 0 0 0 rg BT 433.64 480.10 Td (market ) Tj ET Q q 0 0 0 rg BT 462.80 480.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 486.42 480.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.82 480.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.43 480.10 Td (specifically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (backed ) Tj ET Q q 0 0 0 rg BT 80.17 468.10 Td (by ) Tj ET Q q 0 0 0 rg BT 92.53 468.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 112.11 468.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 152.23 468.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.03 468.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 189.17 468.10 Td (government ) Tj ET Q q 0 0 0 rg BT 239.29 468.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 286.09 468.10 Td (as ) Tj ET Q q 0 0 0 rg BT 296.78 468.10 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 329.40 468.10 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.93 468.10 Td (due ) Tj ET Q q 0 0 0 rg BT 397.72 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.86 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.43 468.10 Td (use ) Tj ET Q q 0 0 0 rg BT 438.12 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.81 468.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 494.49 468.10 Td (market ) Tj ET Q q 0 0 0 rg BT 524.61 468.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 550.84 468.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 86.43 456.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 126.69 456.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.19 456.10 Td (are ) Tj ET Q q 0 0 0 rg BT 158.89 456.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 186.38 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.66 456.10 Td (active ) Tj ET Q q 0 0 0 rg BT 223.03 456.10 Td (markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.69 456.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 439.10 Td (When ) Tj ET Q q 0 0 0 rg BT 99.26 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.36 439.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 154.13 439.10 Td (uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.24 439.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 218.44 439.10 Td (market ) Tj ET Q q 0 0 0 rg BT 248.08 439.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 273.84 439.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.39 439.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 323.70 439.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 363.35 439.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.23 439.10 Td (are ) Tj ET Q q 0 0 0 rg BT 394.32 439.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 421.19 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.85 439.10 Td (less ) Tj ET Q q 0 0 0 rg BT 447.73 439.10 Td (active ) Tj ET Q q 0 0 0 rg BT 473.49 439.10 Td (markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.14 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 509.53 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 439.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (classifies ) Tj ET Q q 0 0 0 rg BT 88.28 427.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.85 427.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 146.40 427.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.50 427.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 232.30 427.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.75 427.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 267.64 427.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 277.11 427.10 Td (When ) Tj ET Q q 0 0 0 rg BT 303.11 427.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 348.56 427.10 Td (market ) Tj ET Q q 0 0 0 rg BT 378.44 427.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 404.45 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.23 427.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 454.79 427.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 494.68 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 509.01 427.10 Td (not ) Tj ET Q q 0 0 0 rg BT 523.91 427.10 Td (available) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 427.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.63 415.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.43 415.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 133.22 415.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.58 415.10 Td (marketable ) Tj ET Q q 0 0 0 rg BT 192.91 415.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.80 415.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 280.38 415.10 Td (using ) Tj ET Q q 0 0 0 rg BT 304.96 415.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 356.76 415.10 Td (market ) Tj ET Q q 0 0 0 rg BT 387.44 415.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 430.90 415.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 457.69 415.10 Td (that ) Tj ET Q q 0 0 0 rg BT 475.60 415.10 Td (are ) Tj ET Q q 0 0 0 rg BT 490.72 415.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 544.72 415.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 95.48 403.10 Td (market ) Tj ET Q q 0 0 0 rg BT 125.92 403.10 Td (data; ) Tj ET Q q 0 0 0 rg BT 148.02 403.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 177.90 403.10 Td (market ) Tj ET Q q 0 0 0 rg BT 208.34 403.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 234.88 403.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.21 403.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 279.65 403.10 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 331.76 403.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.76 403.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 373.76 403.10 Td (models ) Tj ET Q q 0 0 0 rg BT 405.31 403.10 Td (with ) Tj ET Q q 0 0 0 rg BT 425.76 403.10 Td (all ) Tj ET Q q 0 0 0 rg BT 438.42 403.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 483.30 403.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 510.42 403.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 543.07 403.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.99 391.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 113.24 391.10 Td (with ) Tj ET Q q 0 0 0 rg BT 133.17 391.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 178.65 391.10 Td (market ) Tj ET Q q 0 0 0 rg BT 208.57 391.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 229.89 391.10 Td (Non-binding ) Tj ET Q q 0 0 0 rg BT 283.16 391.10 Td (market ) Tj ET Q q 0 0 0 rg BT 313.08 391.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 355.80 391.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 381.83 391.10 Td (are ) Tj ET Q q 0 0 0 rg BT 396.20 391.10 Td (based ) Tj ET Q q 0 0 0 rg BT 421.13 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 433.29 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.67 391.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 494.25 391.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 533.63 391.10 Td (models ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 379.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 91.64 379.10 Td (providers. ) Tj ET Q q 0 0 0 rg BT 134.45 379.10 Td (These ) Tj ET Q q 0 0 0 rg BT 161.07 379.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 201.02 379.10 Td (models ) Tj ET Q q 0 0 0 rg BT 232.65 379.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 280.93 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.11 379.10 Td (number ) Tj ET Q q 0 0 0 rg BT 321.39 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.47 379.10 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 362.16 379.10 Td (including ) Tj ET Q q 0 0 0 rg BT 402.67 379.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 454.30 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.48 379.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 504.78 379.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 533.62 379.10 Td (quotes; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 95.46 367.10 Td (market ) Tj ET Q q 0 0 0 rg BT 125.87 367.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 152.39 367.10 Td (for ) Tj ET Q q 0 0 0 rg BT 166.69 367.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 203.77 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.74 367.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 245.16 367.10 Td (securities; ) Tj ET Q q 0 0 0 rg BT 288.34 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.43 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.29 367.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 353.47 367.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 405.56 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.54 367.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 447.51 367.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 487.92 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 498.89 367.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 531.53 367.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.17 367.10 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 95.99 355.10 Td (market ) Tj ET Q q 0 0 0 rg BT 126.92 355.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 154.54 355.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 174.65 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.60 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.21 355.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 219.14 355.10 Td (degree, ) Tj ET Q q 0 0 0 rg BT 251.46 355.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 307.95 355.10 Td (market ) Tj ET Q q 0 0 0 rg BT 338.88 355.10 Td (inputs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.33 355.10 Td (. ) Tj ET Q q 0 0 0 rg BT 368.77 355.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.49 355.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 429.54 355.10 Td (corroborates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.69 355.10 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 534.75 355.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (consensus ) Tj ET Q q 0 0 0 rg BT 92.55 343.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 118.93 343.10 Td (with ) Tj ET Q q 0 0 0 rg BT 139.21 343.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 185.02 343.10 Td (market ) Tj ET Q q 0 0 0 rg BT 215.29 343.10 Td (data ) Tj ET Q q 0 0 0 rg BT 234.44 343.10 Td (as ) Tj ET Q q 0 0 0 rg BT 245.27 343.10 Td (such ) Tj ET Q q 0 0 0 rg BT 266.10 343.10 Td (data ) Tj ET Q q 0 0 0 rg BT 285.26 343.10 Td (exists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.04 343.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 326.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.17 326.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.93 326.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.93 326.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.60 326.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.72 326.10 Td (December ) Tj ET Q q 0 0 0 rg BT 228.47 326.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.65 326.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.65 326.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.82 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.71 326.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.27 326.10 Td (did ) Tj ET Q q 0 0 0 rg BT 340.72 326.10 Td (not ) Tj ET Q q 0 0 0 rg BT 356.17 326.10 Td (have ) Tj ET Q q 0 0 0 rg BT 377.72 326.10 Td (any ) Tj ET Q q 0 0 0 rg BT 394.84 326.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 420.84 326.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.84 326.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 471.73 326.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.40 326.10 Td (were ) Tj ET Q q 0 0 0 rg BT 511.50 326.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 540.83 326.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 74.49 314.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 81.72 314.10 Td (inputs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.67 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.90 314.10 Td (For ) Tj ET Q q 0 0 0 rg BT 127.02 314.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.46 314.10 Td (years ) Tj ET Q q 0 0 0 rg BT 164.79 314.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 190.89 314.10 Td (December ) Tj ET Q q 0 0 0 rg BT 234.20 314.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 248.93 314.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 273.66 314.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 298.39 314.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.05 314.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.05 314.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.78 314.10 Td (there ) Tj ET Q q 0 0 0 rg BT 362.00 314.10 Td (were ) Tj ET Q q 0 0 0 rg BT 383.65 314.10 Td (no ) Tj ET Q q 0 0 0 rg BT 395.88 314.10 Td (transfers ) Tj ET Q q 0 0 0 rg BT 432.54 314.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.10 314.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.30 314.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 529.20 314.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 302.10 Td (levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 285.10 Td (For ) Tj ET Q q 0 0 0 rg BT 89.01 285.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.84 285.10 Td (years ) Tj ET Q q 0 0 0 rg BT 125.56 285.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.05 285.10 Td (December ) Tj ET Q q 0 0 0 rg BT 193.75 285.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 207.87 285.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 231.98 285.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 256.10 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.15 285.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 285.10 Td (, ) Tj ET Q q 0 0 0 rg BT 296.27 285.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.10 285.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.60 285.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 396.08 285.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 427.13 285.10 Td (income ) Tj ET Q q 0 0 0 rg BT 458.18 285.10 Td (from ) Tj ET Q q 0 0 0 rg BT 479.24 285.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 515.83 285.10 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.55 273.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 82.77 273.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.66 273.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.88 273.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 139.10 273.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.00 273.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.22 273.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.38 273.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 213.60 273.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.49 273.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.71 273.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 296.37 273.10 Td (. ) Tj ET Q q 0 0 0 rg BT 302.59 273.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 329.65 273.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 365.01 273.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 389.84 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.00 273.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 432.83 273.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 468.19 273.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 495.80 273.10 Td (from ) Tj ET Q q 0 0 0 rg BT 518.96 273.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.90 273.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 554.17 273.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.77 261.10 Td (were ) Tj ET Q q 0 0 0 rg BT 121.70 261.10 Td (not ) Tj ET Q q 0 0 0 rg BT 136.98 261.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 181.69 261.10 Td (during ) Tj ET Q q 0 0 0 rg BT 210.30 261.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.02 261.10 Td (years ) Tj ET Q q 0 0 0 rg BT 248.62 261.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 274.99 261.10 Td (December ) Tj ET Q q 0 0 0 rg BT 318.58 261.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 333.58 261.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 358.58 261.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 383.58 261.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.52 261.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.52 261.10 Td (.) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (The carrying amounts, gross unrealized gains and losses and estimated fair value of cash and cash equivalents and both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (short-term and long-term investments consisted of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 670.60 118.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 670.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 670.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 670.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 670.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 462.6 m 363 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 478.6 m 413 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 464.6 m 413 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369 462.6 m 413 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 478.6 m 461 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 464.6 m 461 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 462.6 m 461 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 478.6 m 509 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 464.6 m 509 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465 462.6 m 509 462.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 478.6 m 563 478.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 464.6 m 563 464.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 462.6 m 563 462.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 708.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.75 708.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.25 708.83 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 687.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.75 695.83 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.20 687.83 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.90 695.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 228.45 687.83 Td (Gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.90 695.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.35 687.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.00 695.83 Td (Carryingor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.65 687.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.25 695.83 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.70 687.83 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.90 695.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.45 687.83 Td (Gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.90 695.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.35 687.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 695.83 Td (Carryingor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.65 687.83 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 674.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.65 674.83 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.15 674.83 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 659.85 Td (Cash and cash equivalents:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.50 659.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.50 659.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.50 659.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.50 659.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.50 659.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 644.85 Td (Cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.50 644.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.75 644.85 Td (76,538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.50 644.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 644.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.50 644.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 644.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.50 644.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.75 644.85 Td (76,538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.50 644.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.75 644.85 Td (27,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 644.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 644.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.50 644.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 644.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.50 644.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 644.85 Td (27,608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 629.85 Td (Money market funds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.75 629.85 Td (2,733) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 629.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 629.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.75 629.85 Td (2,733) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 629.85 Td (6,788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 629.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 629.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 629.85 Td (6,788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 613.85 Td (U.S. government and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 605.85 Td (government agency) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 597.85 Td (obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.75 597.85 Td (301,631) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 597.85 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.10 597.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 597.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.75 597.85 Td (301,636) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 597.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 597.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 597.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.80 597.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 582.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.50 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 183.75 582.85 Td (380,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.50 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 582.85 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.50 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.10 582.85 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 582.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.50 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.75 582.85 Td (380,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.50 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.75 582.85 Td (34,396) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 582.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.50 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 582.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.50 582.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 582.85 Td (34,396) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 567.85 Td (Investments:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.50 567.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.50 567.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 359.50 567.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 552.85 Td (Corporate notes and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 544.85 Td (obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.50 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.75 544.85 Td (28,978) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.50 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 544.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.50 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.10 544.85 Td (\(87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 544.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.50 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.75 544.85 Td (28,892) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.50 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.75 544.85 Td (28,314) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 544.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.50 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.10 544.85 Td (\(110) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 544.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.50 544.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 544.85 Td (28,205) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 529.85 Td (Certificates of deposit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.75 529.85 Td (12,094) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 529.85 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.10 529.85 Td (\(19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 529.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.75 529.85 Td (12,088) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.75 529.85 Td (12,945) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 529.85 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.10 529.85 Td (\(22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 529.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 529.85 Td (12,928) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 514.85 Td (Municipal obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.75 514.85 Td (11,422) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 514.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.10 514.85 Td (\(62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 514.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.75 514.85 Td (11,361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 514.85 Td (2,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.80 514.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 514.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 514.85 Td (2,648) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 498.85 Td (U.S. government and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 490.85 Td (government agency) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 482.85 Td (obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.75 482.85 Td (35,502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 482.85 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.10 482.85 Td (\(79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 482.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.75 482.85 Td (35,431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.75 482.85 Td (60,799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 482.85 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.10 482.85 Td (\(142) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 482.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 482.85 Td (60,667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 467.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.50 467.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 187.75 467.85 Td (87,996) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.50 467.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 467.85 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.50 467.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.10 467.85 Td (\(247) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 467.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.50 467.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.75 467.85 Td (87,772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.50 467.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.75 467.85 Td (104,705) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.50 467.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.80 467.85 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.50 467.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.10 467.85 Td (\(274) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 467.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.50 467.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 467.85 Td (104,448) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 447.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.89 447.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.63 447.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.91 447.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 182.76 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.82 447.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 221.78 447.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 266.27 447.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 293.01 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.29 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.36 447.10 Td (related ) Tj ET Q q 0 0 0 rg BT 355.41 447.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 372.13 447.10 Td (values ) Tj ET Q q 0 0 0 rg BT 400.52 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.70 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.76 447.10 Td (Company) Tj ET Q q 0 0 0 rg BT 468.43 447.10 Td (s ) Tj ET Q q 0 0 0 rg BT 475.17 447.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 525.79 447.10 Td (that ) Tj ET Q q 0 0 0 rg BT 543.63 447.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (been ) Tj ET Q q 0 0 0 rg BT 70.77 435.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.93 435.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.76 435.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 134.04 435.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 178.07 435.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 196.02 435.10 Td (position. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.96 435.10 Td (The ) Tj ET Q q 0 0 0 rg BT 250.90 435.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.17 435.10 Td (did ) Tj ET Q q 0 0 0 rg BT 307.34 435.10 Td (not ) Tj ET Q q 0 0 0 rg BT 322.51 435.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 356.00 435.10 Td (any ) Tj ET Q q 0 0 0 rg BT 372.83 435.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 422.99 435.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.71 435.10 Td (other) Tj ET Q q 0 0 0 rg BT 454.06 435.10 Td (-than-temporarily ) Tj ET Q q 0 0 0 rg BT 526.97 435.10 Td (impaired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.72 423.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.22 423.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 117.80 423.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.80 423.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.30 423.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.13 423.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 209.71 423.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.71 423.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 347.60 218.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 347.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 347.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 347.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 347.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 347.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 347.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 347.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 347.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 347.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 347.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 347.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 317.60 218.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 317.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 317.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 317.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 317.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 317.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 317.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 317.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 317.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 317.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 317.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 317.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 187.60 218.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 187.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 187.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 187.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 187.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 187.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 187.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 187.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 147.60 218.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 147.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 147.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 147.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 147.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 147.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 147.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 147.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 147.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 147.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 147.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 147.60 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 394.6 m 313 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 394.6 m 317 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 394.6 m 363 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 394.6 m 367 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 394.6 m 412 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 394.6 m 416 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 394.6 m 462 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 394.6 m 466 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 394.6 m 512 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 394.6 m 516 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 394.6 m 562 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 381.6 m 313 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 381.6 m 317 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 381.6 m 363 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 381.6 m 412 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 381.6 m 416 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 381.6 m 462 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 381.6 m 512 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 381.6 m 516 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 381.6 m 562 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 360.6 m 313 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 381.6 m 363 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 360.6 m 363 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 360.6 m 412 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 360.6 m 462 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 360.6 m 512 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 360.6 m 562 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 292.6 m 313 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 278.6 m 313 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 276.6 m 313 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 292.6 m 363 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 278.6 m 363 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 276.6 m 363 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 292.6 m 412 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 278.6 m 412 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 276.6 m 412 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 292.6 m 462 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 278.6 m 462 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 276.6 m 462 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 292.6 m 512 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 278.6 m 512 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 276.6 m 512 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 292.6 m 562 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 278.6 m 562 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 276.6 m 562 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 249.60000000000002 m 313 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 249.60000000000002 m 317 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 249.60000000000002 m 363 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 249.60000000000002 m 367 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 249.60000000000002 m 412 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 249.60000000000002 m 416 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 249.60000000000002 m 462 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 249.60000000000002 m 466 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 249.60000000000002 m 512 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 249.60000000000002 m 516 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 249.60000000000002 m 562 249.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 236.60000000000002 m 313 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 236.60000000000002 m 317 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 236.60000000000002 m 363 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 236.60000000000002 m 412 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 236.60000000000002 m 416 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 236.60000000000002 m 462 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 236.60000000000002 m 512 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 236.60000000000002 m 516 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 236.60000000000002 m 562 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 236.60000000000002 m 313 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 215.60000000000002 m 313 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 236.60000000000002 m 317 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 236.60000000000002 m 363 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 215.60000000000002 m 363 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 236.60000000000002 m 412 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 215.60000000000002 m 412 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412 236.60000000000002 m 416 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 236.60000000000002 m 462 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 215.60000000000002 m 462 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 236.60000000000002 m 512 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 215.60000000000002 m 512 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 236.60000000000002 m 516 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 236.60000000000002 m 562 236.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 215.60000000000002 m 562 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 147.60000000000002 m 313 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 133.60000000000002 m 313 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 131.60000000000002 m 313 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 147.60000000000002 m 363 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 133.60000000000002 m 363 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 131.60000000000002 m 363 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 147.60000000000002 m 412 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 133.60000000000002 m 412 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 131.60000000000002 m 412 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 147.60000000000002 m 462 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 133.60000000000002 m 462 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 131.60000000000002 m 462 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 147.60000000000002 m 512 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 133.60000000000002 m 512 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 131.60000000000002 m 512 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 147.60000000000002 m 562 147.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 133.60000000000002 m 562 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 131.60000000000002 m 562 131.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.75 398.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.00 385.83 Td (Less than 12 Months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.75 385.83 Td (12 Months or Greater) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.75 385.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.65 364.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.90 372.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.35 364.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.15 364.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.90 372.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.35 364.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.65 364.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.90 372.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.35 364.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.65 351.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 337.27 Td (Corporate notes and obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 337.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.60 337.27 Td (26,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.50 337.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 337.32 Td (\(87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 337.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 337.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 337.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 337.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 337.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 337.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.60 337.27 Td (26,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 337.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 337.32 Td (\(87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 337.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 322.27 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 322.27 Td (5,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 322.32 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 322.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 322.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 322.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 322.27 Td (5,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 322.32 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 322.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 307.27 Td (U.S. government, government agency, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 297.27 Td (municipal obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.60 297.27 Td (180,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 297.32 Td (\(144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 297.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 297.27 Td (385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 297.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.60 297.27 Td (180,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 297.32 Td (\(144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 297.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 282.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.60 282.27 Td (211,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.50 282.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 282.32 Td (\(250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 282.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 282.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 282.27 Td (385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 282.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 282.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 282.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.60 282.27 Td (212,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 282.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 282.32 Td (\(250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 282.27 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.75 253.83 Td (December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 279.00 240.83 Td (Less than 12 Months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.75 240.83 Td (12 Months or Greater) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.75 240.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.65 219.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.90 227.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.35 219.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.15 219.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.90 227.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.35 219.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.65 219.83 Td (Fair Value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.90 227.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.35 219.83 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.65 206.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 192.27 Td (Corporate notes and obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.60 192.27 Td (23,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.50 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 192.32 Td (\(99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 192.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 192.27 Td (2,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 192.32 Td (\(11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 192.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.60 192.27 Td (26,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 192.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 192.32 Td (\(110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 192.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 177.27 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.65 177.27 Td (9,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 177.32 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 177.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 177.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 177.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 177.27 Td (9,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.80 177.32 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 177.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 162.27 Td (U.S. government, government agency, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 152.27 Td (municipal obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.60 152.27 Td (48,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 152.32 Td (\(139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 152.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 152.27 Td (1,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 152.32 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 152.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.60 152.27 Td (50,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 152.32 Td (\(142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 152.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 137.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.60 137.27 Td (81,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.50 137.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 137.32 Td (\(260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 137.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 137.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 137.27 Td (4,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.50 137.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 137.32 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 137.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 137.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.60 137.27 Td (85,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 137.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 137.32 Td (\(274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 137.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 740.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 740.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 740.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 205.13 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 740.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 262.34 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.17 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.88 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 329.55 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 335.94 740.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 386.21 740.10 Td (at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.43 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.93 740.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 454.52 740.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.52 740.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 690.60 455.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 690.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 660.60 455.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.00 660.60 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 724.6 m 563 724.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 703.6 m 563 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 645.6 m 563 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 645.6 m 563 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 631.6 m 563 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 629.6 m 563 629.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 712.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.00 716.28 Td (Carryingor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.65 708.28 Td (Fair) Tj ET Q q 0 0 0 rg BT 530.17 708.28 Td ( ) Tj ET Q q 0 0 0 rg BT 532.02 708.28 Td (V) Tj ET Q q 0 0 0 rg BT 537.06 708.28 Td (alue) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 52.50 694.44 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.15 694.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 680.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 680.27 Td (41,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 665.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 665.27 Td (30,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 650.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 650.27 Td (15,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 635.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 635.27 Td (87,772) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 614.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 102.53 614.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 144.89 614.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.48 614.10 Td (dif) Tj ET Q q 0 0 0 rg BT 175.41 614.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 188.88 614.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.69 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.28 614.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 272.07 614.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 314.44 614.10 Td (because ) Tj ET Q q 0 0 0 rg BT 348.46 614.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 391.37 614.10 Td (may ) Tj ET Q q 0 0 0 rg BT 410.96 614.10 Td (have ) Tj ET Q q 0 0 0 rg BT 432.21 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.80 614.10 Td (right ) Tj ET Q q 0 0 0 rg BT 468.06 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.21 614.10 Td (call ) Tj ET Q q 0 0 0 rg BT 495.02 614.10 Td (or ) Tj ET Q q 0 0 0 rg BT 505.72 614.10 Td (prepay ) Tj ET Q q 0 0 0 rg BT 535.30 614.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.44 602.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 576.10 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 576.10 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 576.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 576.10 Td (Acquisitions) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 548.7669921875 m 121.9853515625 548.7669921875 l s q 0 0 0 rg BT 49.50 550.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 90.88 550.10 Td (Returns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 533.10 Td (On ) Tj ET Q q 0 0 0 rg BT 88.24 533.10 Td (October23, ) Tj ET Q q 0 0 0 rg BT 137.96 533.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 162.98 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.71 533.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.11 533.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 256.05 533.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 309.12 533.10 Td (all ) Tj ET Q q 0 0 0 rg BT 321.63 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.36 533.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 362.21 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.06 533.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 414.45 533.10 Td (Returns, ) Tj ET Q q 0 0 0 rg BT 450.57 533.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 471.98 533.10 Td (\(Mortgage ) Tj ET Q q 0 0 0 rg BT 521.14 533.10 Td (Returns\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.35 521.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 92.64 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.38 521.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 150.78 521.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 189.85 521.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 239.47 521.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 295.47 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.32 521.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 355.28 521.10 Td (automation ) Tj ET Q q 0 0 0 rg BT 402.68 521.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 441.21 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.28 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.91 521.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 510.09 521.10 Td (industry) Tj ET Q q 0 0 0 rg BT 542.21 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.95 521.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.95 509.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 129.93 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.71 509.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 188.14 509.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 222.81 509.10 Td (business ) Tj ET Q q 0 0 0 rg BT 260.26 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.60 509.10 Td (order ) Tj ET Q q 0 0 0 rg BT 296.26 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.60 509.10 Td (add ) Tj ET Q q 0 0 0 rg BT 325.59 509.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 380.25 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.59 509.10 Td (its ) Tj ET Q q 0 0 0 rg BT 404.60 509.10 Td (product ) Tj ET Q q 0 0 0 rg BT 438.70 509.10 Td (of) Tj ET Q q 0 0 0 rg BT 446.85 509.10 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 480.42 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 499.53 509.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 546.96 509.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 91.70 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.02 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 115.01 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.12 497.10 Td (business ) Tj ET Q q 0 0 0 rg BT 156.67 497.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 208.33 497.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 226.93 497.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 273.48 497.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.65 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.53 497.10 Td (total ) Tj ET Q q 0 0 0 rg BT 310.96 497.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 348.17 497.10 Td (price ) Tj ET Q q 0 0 0 rg BT 369.82 497.10 Td (was ) Tj ET Q q 0 0 0 rg BT 387.03 497.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 424.78 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.23 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.11 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.10 497.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 509.19 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.29 497.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 85.90 485.10 Td (based ) Tj ET Q q 0 0 0 rg BT 110.62 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.58 485.10 Td (their ) Tj ET Q q 0 0 0 rg BT 142.86 485.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 185.35 485.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 201.19 485.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 231.05 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 248.56 485.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.40 485.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 328.57 485.10 Td (all ) Tj ET Q q 0 0 0 rg BT 340.52 485.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 386.35 485.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 410.81 485.10 Td (which ) Tj ET Q q 0 0 0 rg BT 437.21 485.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.59 485.10 Td (insignificant, ) Tj ET Q q 0 0 0 rg BT 513.04 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.78 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.95 485.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 473.10 Td (which ) Tj ET Q q 0 0 0 rg BT 86.72 473.10 Td (they ) Tj ET Q q 0 0 0 rg BT 106.43 473.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.36 473.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 456.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.97 456.10 Td (total ) Tj ET Q q 0 0 0 rg BT 112.66 456.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 151.12 456.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 207.92 456.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.39 456.10 Td ($16.3 ) Tj ET Q q 0 0 0 rg BT 251.81 456.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.70 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.62 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.32 456.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 317.51 456.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.76 456.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.12 456.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 376.54 456.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.44 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.36 456.10 Td (was ) Tj ET Q q 0 0 0 rg BT 426.83 456.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 455.85 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.55 456.10 Td (escrow ) Tj ET Q q 0 0 0 rg BT 497.79 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.49 456.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 533.62 456.10 Td (closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.41 444.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 121.77 444.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 171.81 444.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.51 444.10 Td (any ) Tj ET Q q 0 0 0 rg BT 205.21 444.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 248.02 444.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 278.89 444.10 Td (In ) Tj ET Q q 0 0 0 rg BT 289.48 444.10 Td (October ) Tj ET Q q 0 0 0 rg BT 323.95 444.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.71 444.10 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 368.48 444.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.37 444.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.63 444.10 Td (was ) Tj ET Q q 0 0 0 rg BT 417.44 444.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 436.92 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.96 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.44 444.10 Td (seller) Tj ET Q q 0 0 0 rg BT 482.70 444.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.46 444.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.50 444.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.72 444.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 432.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 110.31 432.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 130.03 432.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 162.52 432.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 205.56 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.84 432.10 Td (escrow ) Tj ET Q q 0 0 0 rg BT 246.66 432.10 Td (18 ) Tj ET Q q 0 0 0 rg BT 259.16 432.10 Td (months ) Tj ET Q q 0 0 0 rg BT 291.11 432.10 Td (after ) Tj ET Q q 0 0 0 rg BT 311.93 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.64 432.10 Td (date ) Tj ET Q q 0 0 0 rg BT 345.80 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.63 432.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 403.01 432.10 Td (will ) Tj ET Q q 0 0 0 rg BT 421.07 432.10 Td (be ) Tj ET Q q 0 0 0 rg BT 433.01 432.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 452.72 432.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.00 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.72 432.10 Td (seller) Tj ET Q q 0 0 0 rg BT 498.82 432.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 415.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.30 415.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 132.98 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.57 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.04 415.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 214.16 415.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.75 415.10 Td ($16.3 ) Tj ET Q q 0 0 0 rg BT 249.50 415.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.39 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.64 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.68 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.15 415.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 352.94 415.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 387.40 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.09 415.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 446.34 415.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 471.92 415.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 508.60 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.29 415.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 86.42 403.10 Td (under ) Tj ET Q q 0 0 0 rg BT 111.66 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.35 403.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 164.37 403.10 Td (method ) Tj ET Q q 0 0 0 rg BT 196.84 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.65 403.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 256.50 403.10 Td (based ) Tj ET Q q 0 0 0 rg BT 281.74 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 294.22 403.10 Td (their ) Tj ET Q q 0 0 0 rg BT 315.02 403.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 355.82 403.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 372.17 403.10 Td (values ) Tj ET Q q 0 0 0 rg BT 400.20 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.00 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.81 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.51 403.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 482.86 403.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 504.50 403.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.64 403.10 Td (summarized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 391.10 Td (following ) Tj ET Q q 0 0 0 rg BT 115.88 391.10 Td (table ) Tj ET Q q 0 0 0 rg BT 137.82 391.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 151.42 391.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 375.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 375.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 345.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 345.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 315.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 315.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 285.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 285.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 255.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 255.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 225.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 225.60 98.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 79.00 195.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 195.60 98.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 195.60000000000002 m 556 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 195.60000000000002 m 556 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 181.60000000000002 m 556 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 179.60000000000002 m 556 179.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 365.27 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 365.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 365.27 Td (503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 350.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 350.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 335.27 Td (Property, plant, and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 335.27 Td (423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 320.27 Td (Intangible assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 305.27 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 305.27 Td (4,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 290.27 Td (Order backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 290.27 Td (370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 275.27 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 275.27 Td (2,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 260.27 Td (Trade name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 260.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 245.27 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.80 245.32 Td (\(324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 245.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 230.27 Td (Long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.80 230.32 Td (\(244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 230.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 215.27 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.80 215.32 Td (\(350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 215.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 200.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 200.27 Td (9,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 185.27 Td (Total purchase consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 185.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 185.27 Td (16,334) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 164.10 Td (Developed ) Tj ET Q q 0 0 0 rg BT 120.18 164.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 167.98 164.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 203.01 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.70 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.28 164.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 278.08 164.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 324.77 164.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 367.01 164.10 Td (Returns) Tj ET Q q 0 0 0 rg BT 400.70 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.07 164.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 439.10 164.10 Td (products ) Tj ET Q q 0 0 0 rg BT 476.90 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.70 164.10 Td (has ) Tj ET Q q 0 0 0 rg BT 511.39 164.10 Td (an ) Tj ET Q q 0 0 0 rg BT 524.19 164.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 75.92 152.10 Td (life ) Tj ET Q q 0 0 0 rg BT 91.23 152.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.55 152.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.21 152.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.19 152.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 145.63 152.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.17 152.10 Td (value ) Tj ET Q q 0 0 0 rg BT 186.81 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.12 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.32 152.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 254.40 152.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 300.82 152.10 Td (was ) Tj ET Q q 0 0 0 rg BT 318.36 152.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 365.32 152.10 Td (by ) Tj ET Q q 0 0 0 rg BT 377.31 152.10 Td (discounting ) Tj ET Q q 0 0 0 rg BT 425.96 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.16 152.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 480.46 152.10 Td (net ) Tj ET Q q 0 0 0 rg BT 494.66 152.10 Td (future ) Tj ET Q q 0 0 0 rg BT 520.53 152.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.28 152.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 140.10 Td (these ) Tj ET Q q 0 0 0 rg BT 83.38 140.10 Td (products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 123.10 Td (Customer ) Tj ET Q q 0 0 0 rg BT 115.08 123.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 168.87 123.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 193.77 123.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.24 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.15 123.10 Td (Company) Tj ET Q q 0 0 0 rg BT 260.81 123.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.40 123.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 295.64 123.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.11 123.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 322.69 123.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 357.04 123.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.18 123.10 Td (future ) Tj ET Q q 0 0 0 rg BT 400.74 123.10 Td (versions ) Tj ET Q q 0 0 0 rg BT 436.77 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.79 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.70 123.10 Td (Company) Tj ET Q q 0 0 0 rg BT 504.36 123.10 Td (s ) Tj ET Q q 0 0 0 rg BT 510.95 123.10 Td (products ) Tj ET Q q 0 0 0 rg BT 548.08 123.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.17 111.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.41 111.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 128.53 111.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 169.87 111.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 203.44 111.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 246.44 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.34 111.10 Td (have ) Tj ET Q q 0 0 0 rg BT 284.68 111.10 Td (an ) Tj ET Q q 0 0 0 rg BT 296.58 111.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 337.36 111.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 364.25 111.10 Td (life ) Tj ET Q q 0 0 0 rg BT 380.04 111.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.83 111.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.60 111.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.06 111.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 441.94 111.10 Td (The ) Tj ET Q q 0 0 0 rg BT 459.95 111.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 476.28 111.10 Td (value ) Tj ET Q q 0 0 0 rg BT 500.40 111.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.19 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.86 111.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 104.04 99.10 Td (was ) Tj ET Q q 0 0 0 rg BT 123.03 99.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 171.45 99.10 Td (by ) Tj ET Q q 0 0 0 rg BT 184.88 99.10 Td (using ) Tj ET Q q 0 0 0 rg BT 209.99 99.10 Td (an ) Tj ET Q q 0 0 0 rg BT 222.86 99.10 Td (income ) Tj ET Q q 0 0 0 rg BT 255.73 99.10 Td (approach, ) Tj ET Q q 0 0 0 rg BT 298.32 99.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.53 99.10 Td (which ) Tj ET Q q 0 0 0 rg BT 337.41 99.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.72 99.10 Td (value ) Tj ET Q q 0 0 0 rg BT 379.81 99.10 Td (was ) Tj ET Q q 0 0 0 rg BT 398.80 99.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 447.22 99.10 Td (using ) Tj ET Q q 0 0 0 rg BT 472.32 99.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 519.08 99.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.29 99.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.09 87.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.37 87.10 Td (lost ) Tj ET Q q 0 0 0 rg BT 130.32 87.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 164.47 87.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.40 87.10 Td (lost ) Tj ET Q q 0 0 0 rg BT 198.35 87.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 226.96 87.10 Td (over ) Tj ET Q q 0 0 0 rg BT 247.23 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.95 87.10 Td (life ) Tj ET Q q 0 0 0 rg BT 277.77 87.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.60 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.32 87.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 342.47 87.10 Td (relationships.) Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (T) Tj ET Q q 0 0 0 rg BT 79.26 740.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 99.15 740.10 Td (name ) Tj ET Q q 0 0 0 rg BT 123.50 740.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 166.73 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.63 740.10 Td (right ) Tj ET Q q 0 0 0 rg BT 203.21 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.68 740.10 Td (use ) Tj ET Q q 0 0 0 rg BT 229.70 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.61 740.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 286.18 740.10 Td (Returns) Tj ET Q q 0 0 0 rg BT 319.87 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.56 740.10 Td (name ) Tj ET Q q 0 0 0 rg BT 346.91 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.04 740.10 Td (has ) Tj ET Q q 0 0 0 rg BT 380.06 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.19 740.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 414.32 740.10 Td (life ) Tj ET Q q 0 0 0 rg BT 430.33 740.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.35 740.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.79 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.48 740.10 Td (year) Tj ET Q q 0 0 0 rg BT 475.14 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.13 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 498.37 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 514.94 740.10 Td (value ) Tj ET Q q 0 0 0 rg BT 539.28 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 72.31 728.10 Td (name ) Tj ET Q q 0 0 0 rg BT 96.78 728.10 Td (was ) Tj ET Q q 0 0 0 rg BT 115.16 728.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 162.96 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 175.78 728.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 220.26 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.30 728.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 265.88 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 288.14 728.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 320.96 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.00 728.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 358.26 728.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 384.40 728.10 Td (than ) Tj ET Q q 0 0 0 rg BT 404.44 728.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 434.48 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.74 728.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 472.88 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.48 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.74 728.10 Td (third ) Tj ET Q q 0 0 0 rg BT 512.45 728.10 Td (party ) Tj ET Q q 0 0 0 rg BT 535.82 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 728.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (use ) Tj ET Q q 0 0 0 rg BT 65.33 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.16 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.88 716.10 Td (asset.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 699.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 98.91 699.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 132.66 699.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 175.29 699.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 215.70 699.10 Td (net ) Tj ET Q q 0 0 0 rg BT 230.01 699.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 275.43 699.10 Td (future ) Tj ET Q q 0 0 0 rg BT 301.40 699.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 321.26 699.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 345.57 699.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 388.76 699.10 Td (with ) Tj ET Q q 0 0 0 rg BT 408.63 699.10 Td (service ) Tj ET Q q 0 0 0 rg BT 439.04 699.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 477.22 699.10 Td (that ) Tj ET Q q 0 0 0 rg BT 494.31 699.10 Td (were ) Tj ET Q q 0 0 0 rg BT 515.83 699.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.16 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.88 687.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 132.26 687.10 Td (date ) Tj ET Q q 0 0 0 rg BT 151.41 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.35 687.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 206.38 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.66 687.10 Td (be ) Tj ET Q q 0 0 0 rg BT 228.60 687.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 266.63 687.10 Td (within ) Tj ET Q q 0 0 0 rg BT 294.69 687.10 Td (four ) Tj ET Q q 0 0 0 rg BT 313.85 687.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 670.10 Td (Goodwill, ) Tj ET Q q 0 0 0 rg BT 115.15 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 140.97 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.01 670.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 192.04 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.08 670.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.67 670.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 258.10 670.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 300.01 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.60 670.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 341.08 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.78 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.38 670.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 401.29 670.10 Td (price ) Tj ET Q q 0 0 0 rg BT 422.65 670.10 Td (over ) Tj ET Q q 0 0 0 rg BT 441.80 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.39 670.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 470.64 670.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.67 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.38 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.97 670.10 Td (identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.03 658.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 113.67 658.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 145.87 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.28 658.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 189.69 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.89 658.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 254.63 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.61 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.24 658.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 308.98 658.10 Td (price ) Tj ET Q q 0 0 0 rg BT 331.17 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.14 658.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 369.44 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.97 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.39 658.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 410.46 658.10 Td (value ) Tj ET Q q 0 0 0 rg BT 434.32 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.85 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.27 658.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 507.00 658.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.53 658.10 Td (was ) Tj ET Q q 0 0 0 rg BT 550.28 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.88 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 118.65 646.10 Td (assembled ) Tj ET Q q 0 0 0 rg BT 162.81 646.10 Td (workforce ) Tj ET Q q 0 0 0 rg BT 206.39 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.33 646.10 Td (syner) Tj ET Q q 0 0 0 rg BT 244.81 646.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 263.42 646.10 Td (between ) Tj ET Q q 0 0 0 rg BT 299.24 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.95 646.10 Td (Company) Tj ET Q q 0 0 0 rg BT 355.62 646.10 Td (s ) Tj ET Q q 0 0 0 rg BT 362.01 646.10 Td (products ) Tj ET Q q 0 0 0 rg BT 398.95 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.89 646.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 457.26 646.10 Td (Return) Tj ET Q q 0 0 0 rg BT 487.26 646.10 Td (s ) Tj ET Q q 0 0 0 rg BT 493.65 646.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 629.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 115.09 629.10 Td (Returns) Tj ET Q q 0 0 0 rg BT 148.78 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.49 629.10 Td (results ) Tj ET Q q 0 0 0 rg BT 180.31 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.35 629.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 235.71 629.10 Td (since ) Tj ET Q q 0 0 0 rg BT 258.97 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.89 629.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 305.49 629.10 Td (date ) Tj ET Q q 0 0 0 rg BT 324.85 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.89 629.10 Td (October ) Tj ET Q q 0 0 0 rg BT 370.81 629.10 Td (23, ) Tj ET Q q 0 0 0 rg BT 386.02 629.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 411.23 629.10 Td (have ) Tj ET Q q 0 0 0 rg BT 432.81 629.10 Td (been ) Tj ET Q q 0 0 0 rg BT 454.40 629.10 Td (included ) Tj ET Q q 0 0 0 rg BT 491.54 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.03 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 629.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 629.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.64 617.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 147.45 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.38 617.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 221.51 617.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 256.05 617.10 Td (If ) Tj ET Q q 0 0 0 rg BT 265.30 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.12 617.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 326.60 617.10 Td (had ) Tj ET Q q 0 0 0 rg BT 343.64 617.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 381.21 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 392.14 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.07 617.10 Td (January ) Tj ET Q q 0 0 0 rg BT 436.77 617.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 446.87 617.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 471.97 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.78 617.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 516.60 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 529.19 617.10 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.54 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.48 605.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 140.85 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.68 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.40 605.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 207.79 605.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.95 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.66 605.10 Td (years ) Tj ET Q q 0 0 0 rg BT 260.26 605.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 286.64 605.10 Td (December ) Tj ET Q q 0 0 0 rg BT 330.22 605.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 345.22 605.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 367.72 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.66 605.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 407.16 605.10 Td (would ) Tj ET Q q 0 0 0 rg BT 434.66 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 449.94 605.10 Td (have ) Tj ET Q q 0 0 0 rg BT 471.32 605.10 Td (been ) Tj ET Q q 0 0 0 rg BT 492.69 605.10 Td (significant. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 577.7669921875 m 82.2783203125 577.7669921875 l s q 0 0 0 rg BT 49.50 579.10 Td (AllRegs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 562.10 Td (On ) Tj ET Q q 0 0 0 rg BT 88.77 562.10 Td (October1, ) Tj ET Q q 0 0 0 rg BT 134.03 562.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 159.58 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.85 562.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.79 562.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 254.26 562.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 307.86 562.10 Td (all ) Tj ET Q q 0 0 0 rg BT 320.91 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.18 562.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 362.56 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.94 562.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 415.87 562.10 Td (Resource ) Tj ET Q q 0 0 0 rg BT 456.12 562.10 Td (Center) Tj ET Q q 0 0 0 rg BT 482.38 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 487.93 562.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 506.25 562.10 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 526.40 562.10 Td (AllRegs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (\(AllRegs\), ) Tj ET Q q 0 0 0 rg BT 102.53 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.19 550.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 145.28 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.82 550.10 Td (research ) Tj ET Q q 0 0 0 rg BT 191.35 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.00 550.10 Td (reference, ) Tj ET Q q 0 0 0 rg BT 249.90 550.10 Td (education, ) Tj ET Q q 0 0 0 rg BT 293.49 550.10 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 357.63 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.29 550.10 Td (data ) Tj ET Q q 0 0 0 rg BT 393.16 550.10 Td (analytics ) Tj ET Q q 0 0 0 rg BT 430.91 550.10 Td (products ) Tj ET Q q 0 0 0 rg BT 467.57 550.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 500.33 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.32 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 550.10 Td (mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (industry) Tj ET Q q 0 0 0 rg BT 81.63 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 86.20 538.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.99 538.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 145.11 538.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 181.77 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.73 538.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 230.74 538.10 Td (business ) Tj ET Q q 0 0 0 rg BT 266.87 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.89 538.10 Td (order ) Tj ET Q q 0 0 0 rg BT 300.22 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.24 538.10 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 354.13 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.58 538.10 Td (Company) Tj ET Q q 0 0 0 rg BT 410.25 538.10 Td (s ) Tj ET Q q 0 0 0 rg BT 416.37 538.10 Td (products ) Tj ET Q q 0 0 0 rg BT 453.05 538.10 Td (through ) Tj ET Q q 0 0 0 rg BT 486.39 538.10 Td (product ) Tj ET Q q 0 0 0 rg BT 519.18 538.10 Td (integration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.69 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.22 526.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 117.73 526.10 Td (new ) Tj ET Q q 0 0 0 rg BT 137.14 526.10 Td (products ) Tj ET Q q 0 0 0 rg BT 174.33 526.10 Td (related ) Tj ET Q q 0 0 0 rg BT 204.28 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.81 526.10 Td (training, ) Tj ET Q q 0 0 0 rg BT 251.17 526.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 300.01 526.10 Td (management ) Tj ET Q q 0 0 0 rg BT 353.85 526.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 388.27 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.46 526.10 Td (product ) Tj ET Q q 0 0 0 rg BT 438.75 526.10 Td (eligibility) Tj ET Q q 0 0 0 rg BT 476.99 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 482.04 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 500.34 526.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 546.96 526.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 92.69 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.01 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.00 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.09 514.10 Td (business ) Tj ET Q q 0 0 0 rg BT 161.64 514.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 214.29 514.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 233.89 514.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 280.44 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 285.60 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.47 514.10 Td (total ) Tj ET Q q 0 0 0 rg BT 320.90 514.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 359.10 514.10 Td (price ) Tj ET Q q 0 0 0 rg BT 381.74 514.10 Td (was ) Tj ET Q q 0 0 0 rg BT 399.95 514.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 438.70 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.13 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.01 514.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 489.99 514.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 527.08 514.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 514.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (their ) Tj ET Q q 0 0 0 rg BT 70.56 502.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 113.82 502.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 130.43 502.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 161.02 502.10 Td (The ) Tj ET Q q 0 0 0 rg BT 179.30 502.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.92 502.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 260.86 502.10 Td (all ) Tj ET Q q 0 0 0 rg BT 273.59 502.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 324.08 502.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 349.32 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 376.49 502.10 Td (were ) Tj ET Q q 0 0 0 rg BT 398.65 502.10 Td (insignificant, ) Tj ET Q q 0 0 0 rg BT 453.87 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.39 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.34 502.10 Td (period ) Tj ET Q q 0 0 0 rg BT 507.62 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.13 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 545.30 502.10 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 490.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.97 473.10 Td (total ) Tj ET Q q 0 0 0 rg BT 112.66 473.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 151.12 473.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 207.92 473.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.39 473.10 Td ($28.1 ) Tj ET Q q 0 0 0 rg BT 251.81 473.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.70 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.62 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.32 473.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 317.51 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.76 473.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.12 473.10 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 376.54 473.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.44 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.36 473.10 Td (was ) Tj ET Q q 0 0 0 rg BT 426.83 473.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 455.85 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.55 473.10 Td (escrow ) Tj ET Q q 0 0 0 rg BT 497.79 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.49 473.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 533.62 473.10 Td (closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.22 461.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 121.38 461.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 171.22 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.73 461.10 Td (any ) Tj ET Q q 0 0 0 rg BT 204.23 461.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 246.85 461.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 277.07 461.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 296.35 461.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.42 461.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 371.03 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.87 461.10 Td (escrow ) Tj ET Q q 0 0 0 rg BT 411.26 461.10 Td (18 ) Tj ET Q q 0 0 0 rg BT 423.33 461.10 Td (months ) Tj ET Q q 0 0 0 rg BT 454.84 461.10 Td (after ) Tj ET Q q 0 0 0 rg BT 475.22 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.51 461.10 Td (date ) Tj ET Q q 0 0 0 rg BT 508.23 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.63 461.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 449.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 87.27 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.55 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.26 449.10 Td (seller) Tj ET Q q 0 0 0 rg BT 133.37 449.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 432.10 Td (AllReg) Tj ET Q q 0 0 0 rg BT 105.17 432.10 Td (s ) Tj ET Q q 0 0 0 rg BT 111.29 432.10 Td (results ) Tj ET Q q 0 0 0 rg BT 139.64 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.20 432.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.09 432.10 Td (since ) Tj ET Q q 0 0 0 rg BT 216.87 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.33 432.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 262.45 432.10 Td (date ) Tj ET Q q 0 0 0 rg BT 281.34 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.90 432.10 Td (October ) Tj ET Q q 0 0 0 rg BT 326.35 432.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 336.08 432.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 360.82 432.10 Td (have ) Tj ET Q q 0 0 0 rg BT 381.93 432.10 Td (been ) Tj ET Q q 0 0 0 rg BT 403.04 432.10 Td (included ) Tj ET Q q 0 0 0 rg BT 439.71 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.72 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.18 432.10 Td (Company) Tj ET Q q 0 0 0 rg BT 505.84 432.10 Td (s ) Tj ET Q q 0 0 0 rg BT 511.97 432.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.21 420.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.04 420.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 168.07 420.10 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 403.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.41 403.10 Td (following ) Tj ET Q q 0 0 0 rg BT 134.67 403.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 177.46 403.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 194.16 403.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 221.40 403.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 264.20 403.10 Td (results ) Tj ET Q q 0 0 0 rg BT 293.68 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.37 403.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.39 403.10 Td (give ) Tj ET Q q 0 0 0 rg BT 370.98 403.10 Td (ef) Tj ET Q q 0 0 0 rg BT 378.56 403.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 396.91 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.06 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.64 403.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 470.89 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.84 403.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 517.99 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.68 403.10 Td (if ) Tj ET Q q 0 0 0 rg BT 539.16 403.10 Td (it ) Tj ET Q q 0 0 0 rg BT 548.08 403.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 87.42 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.36 391.10 Td (January ) Tj ET Q q 0 0 0 rg BT 134.40 391.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 144.85 391.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 170.08 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.57 391.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 230.95 391.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 247.22 391.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 274.04 391.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 316.42 391.10 Td (results ) Tj ET Q q 0 0 0 rg BT 345.47 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.74 391.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 401.34 391.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.49 391.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 454.98 391.10 Td (for ) Tj ET Q q 0 0 0 rg BT 469.58 391.10 Td (informational ) Tj ET Q q 0 0 0 rg BT 526.96 391.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (only ) Tj ET Q q 0 0 0 rg BT 70.21 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.57 379.10 Td (do ) Tj ET Q q 0 0 0 rg BT 100.50 379.10 Td (not ) Tj ET Q q 0 0 0 rg BT 116.21 379.10 Td (purport ) Tj ET Q q 0 0 0 rg BT 148.58 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.28 379.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 198.86 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.00 379.10 Td (Company) Tj ET Q q 0 0 0 rg BT 255.67 379.10 Td (s ) Tj ET Q q 0 0 0 rg BT 262.49 379.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 289.29 379.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 342.76 379.10 Td (results ) Tj ET Q q 0 0 0 rg BT 371.80 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.06 379.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 427.64 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.90 379.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 492.37 379.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.28 379.10 Td (position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 367.10 Td (had ) Tj ET Q q 0 0 0 rg BT 67.15 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.57 367.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 129.67 367.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 167.85 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 181.06 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.49 367.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 220.24 367.10 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 260.39 367.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 276.93 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 292.35 367.10 Td (these ) Tj ET Q q 0 0 0 rg BT 316.10 367.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.29 367.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 399.71 367.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 447.35 367.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 489.99 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.53 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 367.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 367.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.06 355.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 127.28 355.10 Td (results ) Tj ET Q q 0 0 0 rg BT 155.07 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.08 355.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 208.41 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.42 355.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 270.64 355.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.30 355.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 343.59 355.10 Td (The ) Tj ET Q q 0 0 0 rg BT 360.81 355.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.38 355.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 433.05 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.50 355.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 464.73 355.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 486.41 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.53 355.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 530.85 355.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 92.99 343.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.17 343.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 158.89 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.50 343.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 217.56 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.29 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.90 343.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.19 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.50 343.10 Td (AllRegs. ) Tj ET Q q 0 0 0 rg BT 338.00 343.10 Td (The ) Tj ET Q q 0 0 0 rg BT 355.95 343.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 397.78 343.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 413.51 343.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 439.78 343.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 481.62 343.10 Td (results ) Tj ET Q q 0 0 0 rg BT 510.12 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 343.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (do ) Tj ET Q q 0 0 0 rg BT 61.41 331.10 Td (not ) Tj ET Q q 0 0 0 rg BT 76.11 331.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 103.55 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.68 331.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 139.60 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.84 331.10 Td (any ) Tj ET Q q 0 0 0 rg BT 166.19 331.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 211.43 331.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 249.44 331.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.69 331.10 Td (any ) Tj ET Q q 0 0 0 rg BT 276.04 331.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 309.61 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 326.52 331.10 Td (may ) Tj ET Q q 0 0 0 rg BT 345.65 331.10 Td (result ) Tj ET Q q 0 0 0 rg BT 369.78 331.10 Td (from ) Tj ET Q q 0 0 0 rg BT 391.13 331.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 430.81 331.10 Td (ef) Tj ET Q q 0 0 0 rg BT 438.40 331.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 478.62 331.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.87 331.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 522.42 331.10 Td (syner) Tj ET Q q 0 0 0 rg BT 543.90 331.10 Td (gies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.60 319.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 83.49 319.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 109.92 319.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 151.91 319.10 Td (results ) Tj ET Q q 0 0 0 rg BT 180.58 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.46 319.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 235.67 319.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.89 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.66 319.10 Td (year ) Tj ET Q q 0 0 0 rg BT 284.43 319.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 310.86 319.10 Td (December ) Tj ET Q q 0 0 0 rg BT 354.50 319.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 369.56 319.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 392.11 319.10 Td (include ) Tj ET Q q 0 0 0 rg BT 424.10 319.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 481.63 319.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 531.96 319.10 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.57 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.08 307.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 114.13 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.25 307.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 159.32 307.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 194.92 307.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.85 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.92 307.10 Td (its ) Tj ET Q q 0 0 0 rg BT 250.66 307.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 291.27 307.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 307.44 307.10 Td (value ) Tj ET Q q 0 0 0 rg BT 331.39 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.01 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.63 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.14 307.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 413.31 307.10 Td (date ) Tj ET Q q 0 0 0 rg BT 432.26 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.99 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.50 307.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 523.00 307.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 552.50 307.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 103.98 295.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 150.10 295.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 186.51 295.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 211.54 295.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 257.68 295.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 279.94 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.64 295.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 331.11 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.65 295.10 Td (AllRegs ) Tj ET Q q 0 0 0 rg BT 375.69 295.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 416.83 295.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 474.63 295.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 521.33 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.37 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.85 295.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 283.10 Td (acquisition.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 211.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 211.60 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 181.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 181.60 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 151.60 410.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 151.60 103.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 247.60000000000002 m 563 247.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 232.60000000000002 m 563 232.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 232.60000000000002 m 563 232.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 252.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 252.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.60 251.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 237.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 237.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.00 236.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 215.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.60 223.83 Td (\(unaudited, in thousands,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.15 215.83 Td (except per share amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 202.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.50 201.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 201.27 Td (174,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 187.17 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.50 186.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 186.27 Td (15,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 172.17 Td (Net income per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 157.17 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.50 156.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 156.27 Td (0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 142.17 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.50 141.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 141.27 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 109.76699218750002 m 108.376953125 109.76699218750002 l s q 0 0 0 rg BT 49.50 111.10 Td (MortgageCEO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 94.10 Td (On ) Tj ET Q q 0 0 0 rg BT 89.24 94.10 Td (January ) Tj ET Q q 0 0 0 rg BT 123.86 94.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 139.87 94.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 165.89 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.63 94.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 224.03 94.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 261.97 94.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 316.04 94.10 Td (all ) Tj ET Q q 0 0 0 rg BT 329.56 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.29 94.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 372.14 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.21 94.10 Td (ARG ) Tj ET Q q 0 0 0 rg BT 407.84 94.10 Td (Interactive, ) Tj ET Q q 0 0 0 rg BT 456.61 94.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 479.02 94.10 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 500.30 94.10 Td (MortgageCEO\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (\(MortgageCEO\), ) Tj ET Q q 0 0 0 rg BT 128.41 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.83 82.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 156.83 82.10 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.47 82.10 Td (specializing ) Tj ET Q q 0 0 0 rg BT 245.22 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.99 82.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 293.64 82.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 342.84 82.10 Td (management ) Tj ET Q q 0 0 0 rg BT 395.92 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.35 82.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 454.88 82.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 492.99 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 506.65 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 82.10 Td (residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.81 70.10 Td (industry) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.93 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 126.79 70.10 Td (The ) Tj ET Q q 0 0 0 rg BT 144.88 70.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.31 70.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 223.27 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.03 70.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 299.45 70.10 Td (business ) Tj ET Q q 0 0 0 rg BT 335.88 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.20 70.10 Td (order ) Tj ET Q q 0 0 0 rg BT 369.84 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.16 70.10 Td (add ) Tj ET Q q 0 0 0 rg BT 397.14 70.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 450.78 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.10 70.10 Td (its ) Tj ET Q q 0 0 0 rg BT 473.09 70.10 Td (product ) Tj ET Q q 0 0 0 rg BT 506.18 70.10 Td (of) Tj ET Q q 0 0 0 rg BT 514.33 70.10 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 546.96 70.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.61 58.10 Td (was ) Tj ET Q q 0 0 0 rg BT 115.40 58.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 159.17 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.07 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 185.63 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.31 58.10 Td (business ) Tj ET Q q 0 0 0 rg BT 230.44 58.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 283.67 58.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 303.84 58.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 350.39 58.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.13 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.58 58.10 Td (total ) Tj ET Q q 0 0 0 rg BT 392.60 58.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 431.37 58.10 Td (price ) Tj ET Q q 0 0 0 rg BT 454.59 58.10 Td (was ) Tj ET Q q 0 0 0 rg BT 473.38 58.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 512.71 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.72 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.18 58.10 Td (assets ) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 85.88 740.10 Td (based ) Tj ET Q q 0 0 0 rg BT 110.61 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.57 740.10 Td (their ) Tj ET Q q 0 0 0 rg BT 142.86 740.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 185.35 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 201.18 740.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 231.05 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 248.55 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.40 740.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 328.57 740.10 Td (all ) Tj ET Q q 0 0 0 rg BT 340.52 740.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 386.35 740.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 410.81 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 437.21 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.60 740.10 Td (insignificant, ) Tj ET Q q 0 0 0 rg BT 513.05 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.79 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.96 740.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 86.72 728.10 Td (they ) Tj ET Q q 0 0 0 rg BT 106.43 728.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.36 728.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 711.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.54 711.10 Td (total ) Tj ET Q q 0 0 0 rg BT 109.82 711.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 146.85 711.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 202.22 711.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.27 711.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 238.27 711.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.16 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.66 711.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.94 711.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 299.70 711.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.53 711.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.47 711.10 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 354.46 711.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.36 711.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.85 711.10 Td (was ) Tj ET Q q 0 0 0 rg BT 401.90 711.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 420.62 711.10 Td (at ) Tj ET Q q 0 0 0 rg BT 429.33 711.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.05 711.10 Td (time ) Tj ET Q q 0 0 0 rg BT 462.32 711.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.15 711.10 Td (closing. ) Tj ET Q q 0 0 0 rg BT 504.92 711.10 Td (The ) Tj ET Q q 0 0 0 rg BT 521.97 711.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 69.62 699.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.51 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.13 699.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 119.30 699.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 163.02 699.10 Td (funds\) ) Tj ET Q q 0 0 0 rg BT 195.63 699.10 Td (was ) Tj ET Q q 0 0 0 rg BT 213.80 699.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 248.62 699.10 Td (from ) Tj ET Q q 0 0 0 rg BT 270.68 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.52 699.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 323.68 699.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 380.17 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.57 699.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 415.40 699.10 Td (working ) Tj ET Q q 0 0 0 rg BT 451.35 699.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 480.62 699.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 531.02 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.08 699.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 93.65 687.10 Td (claims. ) Tj ET Q q 0 0 0 rg BT 125.59 687.10 Td (The ) Tj ET Q q 0 0 0 rg BT 144.74 687.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 184.99 687.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 218.59 687.10 Td (was ) Tj ET Q q 0 0 0 rg BT 237.74 687.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 270.77 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.15 687.10 Td (an ) Tj ET Q q 0 0 0 rg BT 295.18 687.10 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 340.43 687.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 385.13 687.10 Td (reached ) Tj ET Q q 0 0 0 rg BT 419.81 687.10 Td (with ) Tj ET Q q 0 0 0 rg BT 441.19 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.00 687.10 Td (founder ) Tj ET Q q 0 0 0 rg BT 491.70 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.63 687.10 Td (MortgageCEO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 87.05 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.38 675.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.37 675.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 129.69 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.02 675.10 Td (general ) Tj ET Q q 0 0 0 rg BT 171.99 675.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.99 675.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 248.75 675.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 287.40 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.73 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.50 675.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 365.59 675.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 410.36 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.24 675.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 484.32 675.10 Td (income ) Tj ET Q q 0 0 0 rg BT 516.31 675.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.52 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.29 675.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.88 663.10 Td (December ) Tj ET Q q 0 0 0 rg BT 119.46 663.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 134.46 663.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 646.10 Td (MortgageCEO) Tj ET Q q 0 0 0 rg BT 135.16 646.10 Td (s ) Tj ET Q q 0 0 0 rg BT 142.54 646.10 Td (results ) Tj ET Q q 0 0 0 rg BT 172.14 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.97 646.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 229.12 646.10 Td (since ) Tj ET Q q 0 0 0 rg BT 253.16 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.87 646.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 301.25 646.10 Td (date ) Tj ET Q q 0 0 0 rg BT 321.40 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.22 646.10 Td (January ) Tj ET Q q 0 0 0 rg BT 367.81 646.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 383.81 646.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 407.30 646.10 Td (have ) Tj ET Q q 0 0 0 rg BT 429.67 646.10 Td (been ) Tj ET Q q 0 0 0 rg BT 452.04 646.10 Td (included ) Tj ET Q q 0 0 0 rg BT 489.97 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.24 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 646.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 646.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 101.67 634.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 145.51 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.47 634.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 217.63 634.10 Td (income ) Tj ET Q q 0 0 0 rg BT 248.69 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.97 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.82 634.10 Td (year ) Tj ET Q q 0 0 0 rg BT 294.65 634.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 320.16 634.10 Td (December ) Tj ET Q q 0 0 0 rg BT 362.87 634.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.37 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.00 634.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 398.62 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.69 634.10 Td (were ) Tj ET Q q 0 0 0 rg BT 435.75 634.10 Td (not ) Tj ET Q q 0 0 0 rg BT 450.15 634.10 Td (significant. ) Tj ET Q q 0 0 0 rg BT 496.49 634.10 Td (If ) Tj ET Q q 0 0 0 rg BT 504.78 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.62 634.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.44 622.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 103.93 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 114.76 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.60 622.10 Td (January ) Tj ET Q q 0 0 0 rg BT 159.20 622.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 169.21 622.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 194.22 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.94 622.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 243.09 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.04 622.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 296.42 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.26 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.98 622.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 363.92 622.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 389.20 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 403.37 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.09 622.10 Td (current ) Tj ET Q q 0 0 0 rg BT 448.91 622.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 488.07 622.10 Td (period ) Tj ET Q q 0 0 0 rg BT 516.13 622.10 Td (would ) Tj ET Q q 0 0 0 rg BT 543.63 622.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (been ) Tj ET Q q 0 0 0 rg BT 70.88 610.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 131.14 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.85 610.10 Td (same.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 593.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.89 593.10 Td (described ) Tj ET Q q 0 0 0 rg BT 127.48 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.54 593.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.25 593.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.25 593.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.03 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.52 593.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 224.69 593.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.94 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.65 593.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 307.03 593.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 355.41 593.10 Td (char) Tj ET Q q 0 0 0 rg BT 372.43 593.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 384.15 593.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.48 593.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.75 593.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 414.53 593.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.42 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.70 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.75 593.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 494.69 593.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 548.07 593.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 69.76 581.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.66 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.42 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.96 581.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 155.82 581.10 Td (technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.25 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.02 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.44 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.42 581.10 Td (year ) Tj ET Q q 0 0 0 rg BT 252.39 581.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 279.03 581.10 Td (December ) Tj ET Q q 0 0 0 rg BT 322.88 581.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 338.14 581.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 360.91 581.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.11 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.31 581.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 424.17 581.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.04 581.10 Td (char) Tj ET Q q 0 0 0 rg BT 490.06 581.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 502.26 581.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.59 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.36 581.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 533.62 581.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 569.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 103.37 569.10 Td (technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.81 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.31 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.47 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.18 569.10 Td (year ) Tj ET Q q 0 0 0 rg BT 198.89 569.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 225.27 569.10 Td (December ) Tj ET Q q 0 0 0 rg BT 268.85 569.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 283.85 569.10 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 543.10 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 543.10 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 543.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 543.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 131.73 543.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 157.56 543.10 Td (Components) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.45 543.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 517.10 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 96.22 517.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 137.61 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.67 517.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 182.06 517.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 216.98 517.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 500.10 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 105.55 500.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 144.15 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.08 500.10 Td (other ) Tj ET Q q 0 0 0 rg BT 184.13 500.10 Td (current ) Tj ET Q q 0 0 0 rg BT 214.95 500.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 240.78 500.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 280.49 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.32 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.04 500.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 439.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 439.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 439.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 409.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 409.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 409.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 469.6 m 494 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 469.6 m 498 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 469.6 m 563 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 454.6 m 494 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 454.6 m 563 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 394.6 m 494 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 380.6 m 494 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 378.6 m 494 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 394.6 m 563 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 380.6 m 563 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 378.6 m 563 378.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 474.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 473.83 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 459.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 458.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 458.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 444.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.15 443.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 429.27 Td (Prepaid expenses) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 121.65 433.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 429.27 Td (11,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 429.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 429.27 Td (6,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 414.27 Td (Deferred commissions, current portion) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 207.46 418.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 414.27 Td (2,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 414.27 Td (1,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 399.27 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 131.91 403.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 399.27 Td (880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 399.27 Td (1,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 384.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 384.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 384.72 Td (15,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 384.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 384.72 Td (9,874) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 365.50 Td (________________) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 353.78 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.78 349.70 Td (Certain reclassifications of prior period amounts have been made to conform to the current period presentation, such reclassification did not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 338.90 Td (materially change previously reported consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 312.90 Td (Property ) Tj ET Q q 0 0 0 rg BT 99.55 312.90 Td (and ) Tj ET Q q 0 0 0 rg BT 117.61 312.90 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 295.90 Td (Property ) Tj ET Q q 0 0 0 rg BT 109.44 295.90 Td (and ) Tj ET Q q 0 0 0 rg BT 126.38 295.90 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 173.59 295.90 Td (net, ) Tj ET Q q 0 0 0 rg BT 190.81 295.90 Td (consisted ) Tj ET Q q 0 0 0 rg BT 230.52 295.90 Td (of ) Tj ET Q q 0 0 0 rg BT 241.35 295.90 Td (the ) Tj ET Q q 0 0 0 rg BT 256.07 295.90 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 235.40 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 235.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 235.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 235.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 205.40 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 205.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 205.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 205.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 175.40 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 175.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 175.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 175.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 145.40 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 145.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 145.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 145.40 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 265.4 m 494 265.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 265.4 m 498 265.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 265.4 m 563 265.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 250.39999999999998 m 494 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 250.39999999999998 m 563 250.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 190.39999999999998 m 494 190.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 190.39999999999998 m 563 190.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 190.39999999999998 m 563 190.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 160.39999999999998 m 494 160.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 160.39999999999998 m 563 160.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 130.39999999999998 m 494 130.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 130.39999999999998 m 563 130.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 130.39999999999998 m 494 130.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 116.39999999999998 m 494 116.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 114.39999999999998 m 494 114.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 130.39999999999998 m 563 130.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 116.39999999999998 m 563 116.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 114.39999999999998 m 563 114.39999999999998 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 270.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 269.63 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 255.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 254.63 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 254.63 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 240.07 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.15 239.63 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 225.07 Td (Computer equipment and software) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 191.07 229.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 225.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 225.07 Td (116,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 225.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 225.07 Td (55,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 210.07 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 210.07 Td (6,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 210.07 Td (5,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 195.07 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 195.07 Td (18,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 195.07 Td (14,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 180.07 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 180.07 Td (141,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 180.07 Td (75,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 165.07 Td (Accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 227.71 169.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 165.12 Td (\(48,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 165.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 165.12 Td (\(28,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 165.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 150.52 Td (Net property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 150.07 Td (92,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 150.07 Td (47,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 135.52 Td (Internal-use software and other assets not placed in service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 135.07 Td (33,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 135.07 Td (34,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 120.52 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 120.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 120.52 Td (126,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 120.52 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 120.52 Td (81,360) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 101.30 Td (________________) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 89.58 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.78 85.50 Td (Includes ) Tj ET Q q 0 0 0 rg BT 90.52 85.50 Td (computer ) Tj ET Q q 0 0 0 rg BT 126.76 85.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 167.00 85.50 Td (and ) Tj ET Q q 0 0 0 rg BT 182.24 85.50 Td (software ) Tj ET Q q 0 0 0 rg BT 215.48 85.50 Td (under ) Tj ET Q q 0 0 0 rg BT 238.22 85.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 264.46 85.50 Td (leases) Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (Computer ) Tj ET Q q 0 0 0 rg BT 115.00 740.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 159.71 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.65 740.10 Td (software ) Tj ET Q q 0 0 0 rg BT 213.57 740.10 Td (under ) Tj ET Q q 0 0 0 rg BT 238.84 740.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 267.99 740.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 296.87 740.10 Td (net, ) Tj ET Q q 0 0 0 rg BT 314.09 740.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 353.80 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.63 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.35 740.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 686.60 384.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 686.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 686.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 656.60 384.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 656.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 656.60 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 714.6 m 495.5 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 714.6 m 561.5 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 714.6 m 495.5 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 699.6 m 495.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 714.6 m 499.5 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 714.6 m 561.5 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 699.6 m 561.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 699.6 m 495.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 699.6 m 561.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 641.6 m 495.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 641.6 m 561.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 641.6 m 495.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 627.6 m 495.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 625.6 m 495.5 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 641.6 m 561.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 627.6 m 561.5 627.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 625.6 m 561.5 625.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 718.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.75 718.83 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 703.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.00 703.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 703.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 690.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.65 690.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 677.17 Td (Computer equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 676.27 Td (8,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 676.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 676.27 Td (8,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 662.17 Td (Software) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 661.27 Td (1,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 661.27 Td (1,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 647.17 Td (Accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 646.32 Td (\(6,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 646.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 646.32 Td (\(3,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 646.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 632.17 Td (Net computer equipment and software under capital leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 631.27 Td (3,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 631.27 Td (6,861) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 610.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.82 610.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 145.23 610.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.23 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.55 610.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.31 610.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.31 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 212.14 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.68 610.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 269.89 610.10 Td (had ) Tj ET Q q 0 0 0 rg BT 287.65 610.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 340.95 610.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 391.47 610.10 Td (software ) Tj ET Q q 0 0 0 rg BT 429.23 610.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 452.55 610.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.20 610.10 Td ($77.2 ) Tj ET Q q 0 0 0 rg BT 490.02 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.92 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.24 610.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 610.10 Td ($47.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.07 598.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 131.73 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.70 598.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 193.19 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.70 598.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 255.07 598.10 Td (software ) Tj ET Q q 0 0 0 rg BT 292.68 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.51 598.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.90 598.10 Td (years ) Tj ET Q q 0 0 0 rg BT 347.17 598.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.05 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.22 598.10 Td (December ) Tj ET Q q 0 0 0 rg BT 418.48 598.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.98 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.16 598.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.16 598.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.83 598.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.83 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.50 598.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.12 598.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.12 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.29 598.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.02 598.10 Td ($8.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 586.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.39 586.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 103.39 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.28 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 137.28 586.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.22 586.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 174.22 586.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.11 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 208.11 586.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 255.77 586.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 569.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 126.86 569.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 161.79 569.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.17 569.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.11 569.10 Td (years ) Tj ET Q q 0 0 0 rg BT 214.93 569.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 241.53 569.10 Td (December ) Tj ET Q q 0 0 0 rg BT 285.34 569.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 300.56 569.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 325.78 569.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 351.01 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.17 569.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.17 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.89 569.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.16 569.10 Td ($20.5 ) Tj ET Q q 0 0 0 rg BT 434.38 569.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.28 569.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.50 569.10 Td ($10.8 ) Tj ET Q q 0 0 0 rg BT 493.72 569.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.61 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.83 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.00 569.10 Td ($5.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.98 557.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 131.65 557.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.55 557.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 192.97 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.39 557.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 230.81 557.10 Td (under ) Tj ET Q q 0 0 0 rg BT 256.67 557.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 286.42 557.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 315.88 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 343.42 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.18 557.10 Td (included ) Tj ET Q q 0 0 0 rg BT 390.70 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 401.57 557.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 454.09 557.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 491.88 557.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.53 557.10 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 531.12 557.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 557.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 69.50 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.39 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 103.39 545.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.33 545.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 140.33 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.22 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.72 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.88 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.60 545.10 Td (years ) Tj ET Q q 0 0 0 rg BT 224.20 545.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 250.57 545.10 Td (December ) Tj ET Q q 0 0 0 rg BT 294.16 545.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.16 545.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.16 545.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.16 545.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.16 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 359.16 545.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.10 545.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.10 545.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 528.10 Td (During ) Tj ET Q q 0 0 0 rg BT 103.16 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.70 528.10 Td (year ) Tj ET Q q 0 0 0 rg BT 135.24 528.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 160.44 528.10 Td (December ) Tj ET Q q 0 0 0 rg BT 202.85 528.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.68 528.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.68 528.10 Td (, ) Tj ET Q q 0 0 0 rg BT 240.50 528.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.05 528.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.26 528.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 330.57 528.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.33 528.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 355.16 528.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.05 528.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.38 528.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 432.80 528.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 449.69 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.80 528.10 Td (general ) Tj ET Q q 0 0 0 rg BT 489.55 528.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.31 528.10 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 516.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.54 516.10 Td (on ) Tj ET Q q 0 0 0 rg BT 101.47 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.63 516.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 148.65 516.10 Td (f ) Tj ET Q q 0 0 0 rg BT 154.92 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.19 516.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 216.33 516.10 Td (software. ) Tj ET Q q 0 0 0 rg BT 255.98 516.10 Td (There ) Tj ET Q q 0 0 0 rg BT 282.23 516.10 Td (were ) Tj ET Q q 0 0 0 rg BT 304.60 516.10 Td (no ) Tj ET Q q 0 0 0 rg BT 317.53 516.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 366.57 516.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 385.07 516.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.67 516.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.82 516.10 Td (years ) Tj ET Q q 0 0 0 rg BT 438.86 516.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 465.67 516.10 Td (December ) Tj ET Q q 0 0 0 rg BT 509.69 516.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.13 516.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 548.06 516.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 504.10 Td (2016.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 478.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 106.42 478.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 461.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 115.54 461.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 143.87 461.10 Td (net, ) Tj ET Q q 0 0 0 rg BT 161.09 461.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 200.81 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.64 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.35 461.10 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 396.60 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 396.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 396.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 396.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 396.60 4.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 336.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 336.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 336.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 336.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 306.60 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 306.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 306.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 306.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 306.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 306.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 306.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 306.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 276.60 169.00 -15.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 302.00 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 98.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 98.60 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 98.60 83.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 432.6 m 302 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 432.6 m 306 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 432.6 m 389 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 432.6 m 393 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 432.6 m 476 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 432.6 m 480 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 432.6 m 563 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 411.6 m 302 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 411.6 m 389 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 411.6 m 476 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 411.6 m 563 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 321.6 m 302 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 321.6 m 389 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 321.6 m 476 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 321.6 m 389 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 321.6 m 476 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 276.6 m 302 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 276.6 m 389 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 276.6 m 476 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 262.6 m 302 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 260.6 m 302 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 83.60000000000002 m 302 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 83.60000000000002 m 389 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 83.60000000000002 m 476 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 83.60000000000002 m 302 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 69.60000000000002 m 302 69.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 67.60000000000002 m 302 67.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 83.60000000000002 m 389 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 69.60000000000002 m 389 69.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 67.60000000000002 m 389 67.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 83.60000000000002 m 476 83.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 69.60000000000002 m 476 69.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 67.60000000000002 m 476 67.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.25 436.83 Td (December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.40 423.83 Td (Gross carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.85 415.83 Td (amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 423.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.00 415.83 Td (amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 415.83 Td (Net intangibles) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.05 423.83 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.55 415.83 Td (Remaining Useful Life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 401.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.65 400.83 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.85 400.83 Td (\(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 387.17 Td (Assets subject to amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 372.17 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 371.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 371.27 Td (11,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 371.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 371.32 Td (\(8,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 371.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 371.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 371.27 Td (3,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 371.27 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 357.17 Td (Trade names) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 356.27 Td (331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.80 356.32 Td (\(331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 356.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 356.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 356.27 Td (0.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 342.17 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 341.27 Td (19,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 341.32 Td (\(9,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 341.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 341.27 Td (9,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 341.27 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 327.17 Td (Order backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 326.27 Td (370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.80 326.32 Td (\(110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 326.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 326.27 Td (260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 326.27 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 312.17 Td (Total assets subject to amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 311.27 Td (31,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.30 311.32 Td (\(18,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 311.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 311.27 Td (13,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 311.27 Td (3.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 297.17 Td (Assets not subject to amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 282.17 Td (Trade name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 281.27 Td (4,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 281.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 281.27 Td (4,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 266.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 266.27 Td (35,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 266.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.30 266.32 Td (\(18,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 266.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 266.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 266.27 Td (17,289) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.25 243.83 Td (December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.40 230.83 Td (Grosscarrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.85 222.83 Td (amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.30 230.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.00 222.83 Td (amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.30 222.83 Td (Netintangibles) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.05 230.83 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.55 222.83 Td (Remaining Useful Life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 208.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.65 207.83 Td (\(in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.85 207.83 Td (\(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 194.17 Td (Assets subject to amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 179.17 Td (Developed technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 178.27 Td (11,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 178.32 Td (\(5,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 178.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 178.27 Td (5,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 178.27 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 164.17 Td (Trade names) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 163.27 Td (331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.80 163.32 Td (\(307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 163.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 163.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 163.27 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 149.17 Td (Customer relationships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 148.27 Td (19,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 148.32 Td (\(6,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 148.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 148.27 Td (12,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 148.27 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 134.17 Td (Order backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 133.27 Td (370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.80 133.32 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 133.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 133.27 Td (355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 133.27 Td (3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 119.17 Td (Total assets subject to amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 118.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 118.27 Td (31,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 118.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.30 118.32 Td (\(12,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 118.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 118.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 118.27 Td (18,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 118.27 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 104.17 Td (Assets not subject to amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 89.17 Td (Trade name) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 88.27 Td (4,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 88.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 88.27 Td (4,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.50 73.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 73.27 Td (35,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 73.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.30 73.32 Td (\(12,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 73.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 73.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 73.27 Td (22,810) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (During ) Tj ET Q q 0 0 0 rg BT 102.36 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.10 740.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 142.07 740.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 171.91 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.77 740.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.77 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 205.80 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.55 740.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.96 740.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 299.81 740.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 328.54 740.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 369.50 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.36 740.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 426.99 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.18 740.10 Td (both ) Tj ET Q q 0 0 0 rg BT 459.48 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.23 740.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 511.41 740.10 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.74 728.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 108.63 728.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 154.87 728.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 191.09 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.67 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.69 728.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 275.37 728.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 323.55 728.10 Td (Specifically) Tj ET Q q 0 0 0 rg BT 370.66 728.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.16 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.96 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.98 728.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 429.67 728.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 476.45 728.10 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 728.10 Td (would ) Tj ET Q q 0 0 0 rg BT 510.60 728.10 Td (need ) Tj ET Q q 0 0 0 rg BT 531.28 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.86 728.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.83 716.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 141.94 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.05 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.60 716.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 214.49 716.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 239.06 716.10 Td (product ) Tj ET Q q 0 0 0 rg BT 271.94 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.05 716.10 Td (order ) Tj ET Q q 0 0 0 rg BT 305.49 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.60 716.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 342.92 716.10 Td (new ) Tj ET Q q 0 0 0 rg BT 361.92 716.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 404.80 716.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 434.91 716.10 Td (were ) Tj ET Q q 0 0 0 rg BT 456.67 716.10 Td (not ) Tj ET Q q 0 0 0 rg BT 471.79 716.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 509.65 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.43 716.10 Td (therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.73 704.10 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 123.05 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.29 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 704.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 190.63 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.41 704.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 242.52 704.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 297.08 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.97 704.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 359.52 704.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 407.41 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.64 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.31 704.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 473.30 704.10 Td (price ) Tj ET Q q 0 0 0 rg BT 496.74 704.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 539.63 704.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.30 704.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.61 692.10 Td (date\), ) Tj ET Q q 0 0 0 rg BT 120.32 692.10 Td (which ) Tj ET Q q 0 0 0 rg BT 146.99 692.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 180.87 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.87 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.54 692.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 241.98 692.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 265.86 692.10 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.64 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.86 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.31 692.10 Td (Company) Tj ET Q q 0 0 0 rg BT 331.97 692.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.09 692.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 365.87 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.87 692.10 Td (release ) Tj ET Q q 0 0 0 rg BT 405.85 692.10 Td (an ) Tj ET Q q 0 0 0 rg BT 417.52 692.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 459.72 692.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 507.50 692.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 531.96 692.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.28 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.84 680.10 Td (its ) Tj ET Q q 0 0 0 rg BT 71.85 680.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 116.90 680.10 Td (As ) Tj ET Q q 0 0 0 rg BT 130.57 680.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.58 680.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 164.86 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.64 680.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.09 680.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 268.63 680.10 Td (it ) Tj ET Q q 0 0 0 rg BT 276.75 680.10 Td (was ) Tj ET Q q 0 0 0 rg BT 294.87 680.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 336.30 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.64 680.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 373.65 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.43 680.10 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 446.52 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.41 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.19 680.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 511.41 680.10 Td (relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.80 668.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 110.76 668.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 158.06 668.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 202.02 668.10 Td (with ) Tj ET Q q 0 0 0 rg BT 222.66 668.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 267.73 668.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 316.14 668.10 Td (CRM ) Tj ET Q q 0 0 0 rg BT 341.24 668.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 361.87 668.10 Td (flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.10 668.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.25 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 407.67 668.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.42 668.10 Td (used ) Tj ET Q q 0 0 0 rg BT 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Q q 0 0 0 rg BT 428.06 656.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 473.78 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.93 656.10 Td (each ) Tj ET Q q 0 0 0 rg BT 504.06 656.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 525.32 656.10 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.36 644.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 100.32 644.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 132.96 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.93 644.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.57 644.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 185.57 644.10 Td (As ) Tj ET Q q 0 0 0 rg BT 199.32 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.40 644.10 Td (result ) Tj ET Q q 0 0 0 rg BT 231.26 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.24 644.10 Td (this ) Tj ET Q q 0 0 0 rg BT 259.33 644.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 308.91 644.10 Td (it ) Tj ET Q q 0 0 0 rg BT 317.11 644.10 Td (was ) Tj ET Q q 0 0 0 rg BT 335.30 644.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 382.93 644.10 Td (that ) Tj ET Q q 0 0 0 rg BT 400.57 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.43 644.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 434.74 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.71 644.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 501.68 644.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 522.09 644.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 546.96 644.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (less ) Tj ET Q q 0 0 0 rg BT 66.28 632.10 Td (than ) Tj ET Q q 0 0 0 rg BT 85.28 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.27 632.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 134.37 632.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 166.14 632.10 Td (for ) Tj ET Q q 0 0 0 rg BT 179.58 632.10 Td (each ) Tj ET Q q 0 0 0 rg BT 199.68 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.79 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.78 632.10 Td (two ) Tj ET Q q 0 0 0 rg BT 240.56 632.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 268.17 632.10 Td (In ) Tj ET Q q 0 0 0 rg BT 278.28 632.10 Td (order ) Tj ET Q q 0 0 0 rg BT 301.16 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.72 632.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 352.48 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.48 632.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 398.25 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.36 632.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 456.24 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.80 632.10 Td (each ) Tj ET Q q 0 0 0 rg BT 485.89 632.10 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.33 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 509.61 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.61 632.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 93.57 620.10 Td (an ) Tj ET Q q 0 0 0 rg BT 105.43 620.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 140.07 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.28 620.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 192.68 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.32 620.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 223.62 620.10 Td (value ) Tj ET Q q 0 0 0 rg BT 247.70 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.46 620.10 Td (each ) Tj ET Q q 0 0 0 rg BT 279.20 620.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 303.56 620.10 Td (which ) Tj ET Q q 0 0 0 rg BT 330.42 620.10 Td (was ) Tj ET Q q 0 0 0 rg BT 348.40 620.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 395.80 620.10 Td (using ) Tj ET Q q 0 0 0 rg BT 419.90 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.54 620.10 Td (present ) Tj ET Q q 0 0 0 rg BT 465.84 620.10 Td (value ) Tj ET Q q 0 0 0 rg BT 489.92 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.67 620.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 538.63 620.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.60 608.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 94.15 608.10 Td (which ) Tj ET Q q 0 0 0 rg BT 120.92 608.10 Td (were ) Tj ET Q q 0 0 0 rg BT 142.68 608.10 Td (based ) Tj ET Q q 0 0 0 rg BT 167.78 608.10 Td (on ) Tj ET Q q 0 0 0 rg BT 180.11 608.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 222.15 608.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 273.93 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.70 608.10 Td (judgments.) Tj ET Q q 0 0 0 rg BT 337.18 608.10 Td (These ) Tj ET Q q 0 0 0 rg BT 363.39 608.10 Td (include ) Tj ET Q q 0 0 0 rg BT 395.16 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.70 608.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 443.68 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.34 608.10 Td (future ) Tj ET Q q 0 0 0 rg BT 480.55 608.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 500.65 608.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 525.20 608.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.73 608.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (each ) Tj ET Q q 0 0 0 rg BT 69.55 596.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 93.22 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.16 596.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 142.78 596.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 159.50 596.10 Td (used ) Tj ET Q q 0 0 0 rg BT 179.56 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.07 596.10 Td (discounting ) Tj ET Q q 0 0 0 rg BT 237.46 596.10 Td (those ) Tj ET Q q 0 0 0 rg BT 260.30 596.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.80 596.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 306.26 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.42 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.37 596.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 373.64 596.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 415.91 596.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 442.08 596.10 Td (life ) Tj ET Q q 0 0 0 rg BT 457.13 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.20 596.10 Td (each ) Tj ET Q q 0 0 0 rg BT 487.24 596.10 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.68 596.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.79 596.10 Td (This ) Tj ET Q q 0 0 0 rg BT 530.30 596.10 Td (analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.31 584.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.25 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.85 584.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 142.10 584.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 191.36 584.10 Td (char) Tj ET Q q 0 0 0 rg BT 208.39 584.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 220.98 584.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.31 584.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.47 584.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 253.13 584.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.02 584.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.18 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.12 584.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 335.93 584.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 390.19 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.79 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.38 584.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 454.64 584.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 503.90 584.10 Td (char) Tj ET Q q 0 0 0 rg BT 520.92 584.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 533.52 584.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.85 584.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.01 584.10 Td ($1.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 572.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.89 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.16 572.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 134.75 572.10 Td (technology) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.53 572.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.53 572.10 Td (which ) Tj ET Q q 0 0 0 rg BT 210.46 572.10 Td (were ) Tj ET Q q 0 0 0 rg BT 232.39 572.10 Td (included ) Tj ET Q q 0 0 0 rg BT 269.31 572.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.59 572.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 301.52 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.46 572.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 361.49 572.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 400.09 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.02 572.10 Td (research ) Tj ET Q q 0 0 0 rg BT 452.82 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.75 572.10 Td (development ) Tj ET Q q 0 0 0 rg BT 523.90 572.10 Td (expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 560.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.16 560.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.44 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.16 560.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 180.20 560.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 224.91 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.74 560.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 298.77 560.10 Td (income ) Tj ET Q q 0 0 0 rg BT 330.71 560.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.87 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.58 560.10 Td (year ) Tj ET Q q 0 0 0 rg BT 379.29 560.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 405.67 560.10 Td (December ) Tj ET Q q 0 0 0 rg BT 449.25 560.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 464.25 560.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.25 560.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 543.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.88 543.10 Td (October ) Tj ET Q q 0 0 0 rg BT 117.14 543.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 141.70 543.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.97 543.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 196.91 543.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 233.38 543.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 274.31 543.10 Td (Returns. ) Tj ET Q q 0 0 0 rg BT 309.52 543.10 Td (As ) Tj ET Q q 0 0 0 rg BT 322.69 543.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.18 543.10 Td (result ) Tj ET Q q 0 0 0 rg BT 353.45 543.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.83 543.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.10 543.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 426.54 543.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.81 543.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 481.75 543.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 534.91 543.10 Td (the ) Tj ET Q q 0 0 0 rg BT 549.18 543.10 Td (use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.14 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.66 531.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 111.39 531.10 Td (MortgageCEO ) Tj ET Q q 0 0 0 rg BT 172.58 531.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 219.32 531.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.06 531.10 Td (migrated ) Tj ET Q q 0 0 0 rg BT 273.91 531.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 326.77 531.10 Td (all ) Tj ET Q q 0 0 0 rg BT 339.07 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.71 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.23 531.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 398.21 531.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 441.06 531.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.15 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.67 531.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 506.85 531.10 Td (Returns ) Tj ET Q q 0 0 0 rg BT 540.27 531.10 Td (CRM ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 87.01 519.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.86 519.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 123.21 519.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.83 519.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 183.79 519.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 221.84 519.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.35 519.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 268.53 519.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 317.70 519.10 Td (char) Tj ET Q q 0 0 0 rg BT 334.72 519.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 347.24 519.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.64 519.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 379.21 519.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.11 519.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.18 519.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.03 519.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 466.20 519.10 Td (technology) Tj ET Q q 0 0 0 rg BT 509.98 519.10 Td (, ) Tj ET Q q 0 0 0 rg BT 515.56 519.10 Td (which ) Tj ET Q q 0 0 0 rg BT 543.07 519.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 507.10 Td (included ) Tj ET Q q 0 0 0 rg BT 86.43 507.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.71 507.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 115.32 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.15 507.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 166.69 507.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.97 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.68 507.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 244.72 507.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 289.44 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.27 507.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 363.30 507.10 Td (income ) Tj ET Q q 0 0 0 rg BT 395.23 507.10 Td (for ) Tj ET Q q 0 0 0 rg BT 409.39 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.11 507.10 Td (year ) Tj ET Q q 0 0 0 rg BT 443.82 507.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 470.19 507.10 Td (December ) Tj ET Q q 0 0 0 rg BT 513.78 507.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 528.78 507.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 490.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 128.13 490.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 162.65 490.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 206.05 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.14 490.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 268.44 490.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 294.08 490.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.94 490.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 331.75 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.64 490.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.45 490.10 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 385.26 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 418.96 490.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.71 490.10 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 455.52 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.41 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.72 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 500.69 490.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.21 490.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.62 490.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 478.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.08 478.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 133.08 478.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 158.08 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.02 478.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.02 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.02 478.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 247.68 478.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 461.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 116.00 461.10 Td (future ) Tj ET Q q 0 0 0 rg BT 142.38 461.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 195.42 461.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 230.13 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.29 461.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 286.78 461.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 312.61 461.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.32 461.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 380.91 461.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.91 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.41 461.10 Td (was ) Tj ET Q q 0 0 0 rg BT 421.46 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 432.29 461.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 430.60 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 430.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 400.60 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 400.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 370.60 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 370.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 340.60 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 340.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 340.6 m 563 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 326.6 m 563 326.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 324.6 m 563 324.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 435.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.65 434.83 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 421.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 420.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 420.27 Td (4,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 406.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 405.27 Td (3,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 391.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 390.27 Td (3,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 376.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 375.27 Td (1,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 361.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 360.27 Td (314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 346.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 345.27 Td (255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 330.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 330.27 Td (13,250) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 300.10 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.09 283.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.02 283.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 174.71 283.10 Td (its ) Tj ET Q q 0 0 0 rg BT 186.21 283.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 214.90 283.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 263.05 283.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 282.87 283.10 Td (during ) Tj ET Q q 0 0 0 rg BT 311.02 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.28 283.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 351.76 283.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 386.01 283.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.39 283.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.39 283.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.93 283.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.93 283.10 Td (, ) Tj ET Q q 0 0 0 rg BT 445.47 283.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.96 283.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.96 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.00 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.48 283.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 547.50 283.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 87.56 271.10 Td (was ) Tj ET Q q 0 0 0 rg BT 105.61 271.10 Td (not ) Tj ET Q q 0 0 0 rg BT 120.89 271.10 Td (impaired.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 254.10 Td (There was no change to goodwill for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.89 254.10 Td (year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.06 254.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.56 254.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.56 254.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 237.10 Td (The changes in the carrying value of goodwill during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.43 237.10 Td (year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.60 237.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.10 237.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 237.10 Td ( were as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 221.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 221.60 95.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 191.60 418.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 191.60 95.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 191.60000000000002 m 562 191.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 191.60000000000002 m 562 191.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 177.60000000000002 m 562 177.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 175.60000000000002 m 562 175.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 211.27 Td (Balance at January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 211.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 211.27 Td (65,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 196.27 Td (Addition: Mortgage Returns acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 196.27 Td (9,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 181.27 Td (Balance at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 181.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 181.27 Td (74,547) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (73) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 98.44 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.50 740.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 142.89 740.25 Td (Current ) Tj ET Q q 0 0 0 rg BT 178.18 740.25 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.25 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 108.87 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.81 723.25 Td (other ) Tj ET Q q 0 0 0 rg BT 148.85 723.25 Td (current ) Tj ET Q q 0 0 0 rg BT 179.67 723.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 219.38 723.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 259.10 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.93 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.65 723.25 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 662.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 662.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 662.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 662.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 632.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 632.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 632.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 632.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 602.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 602.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 602.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 602.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 572.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 572.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 572.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 692.75 m 494 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 692.75 m 498 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 692.75 m 563 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 692.75 m 494 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 677.75 m 494 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 692.75 m 498 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 692.75 m 563 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 677.75 m 563 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 572.75 m 494 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 558.75 m 494 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 556.75 m 494 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 572.75 m 563 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 558.75 m 563 558.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 556.75 m 563 556.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 697.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 696.98 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 682.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 681.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 681.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 667.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.15 666.98 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.42 Td (Accrued payroll and related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 652.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 652.42 Td (31,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 652.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 652.42 Td (23,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 637.42 Td (Accrued commissions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 637.42 Td (1,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 637.42 Td (1,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 622.42 Td (Accrued royalties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 622.42 Td (1,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 622.42 Td (1,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.42 Td (Sales and other taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 607.42 Td (2,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 607.42 Td (1,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 592.42 Td (Current portion of leases payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 592.42 Td (619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 592.42 Td (3,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 577.42 Td (Other accrued expenses) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 147.45 581.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 577.42 Td (1,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 577.42 Td (4,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 562.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 562.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 562.87 Td (39,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 562.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 562.87 Td (37,307) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 543.65 Td (________________) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 531.93 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.78 527.85 Td (Certain reclassifications of prior period amounts have been made to conform to the current period presentation, such reclassification did not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 517.05 Td (materially change previously reported consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 491.05 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 100.65 491.05 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 474.05 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 110.53 474.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 148.56 474.05 Td (consisted ) Tj ET Q q 0 0 0 rg BT 188.28 474.05 Td (of ) Tj ET Q q 0 0 0 rg BT 199.11 474.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.83 474.05 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 413.55 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 413.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 413.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 413.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 383.55 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 383.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 383.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 383.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 353.55 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 353.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 353.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 353.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 323.55 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 323.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 323.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 323.55 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 443.55 m 494 443.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 443.55 m 498 443.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 443.55 m 563 443.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 443.55 m 494 443.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 428.55 m 494 428.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 443.55 m 498 443.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 443.55 m 563 443.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 428.55 m 563 428.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 353.55 m 494 353.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 353.55 m 563 353.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 353.55 m 494 353.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 353.55 m 563 353.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 323.55 m 494 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 309.55 m 494 309.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 307.55 m 494 307.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 323.55 m 563 323.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 309.55 m 563 309.55 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 307.55 m 563 307.55 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 447.78 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 432.78 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 432.78 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.15 417.78 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 403.22 Td (Professional services and training) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 403.22 Td (10,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 403.22 Td (6,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 388.22 Td (Subscriptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 388.22 Td (8,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 388.22 Td (9,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 373.22 Td (Software maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 373.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 373.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 373.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 373.22 Td (386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 358.22 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 358.22 Td (4,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 358.22 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 343.22 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 343.22 Td (23,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 343.22 Td (16,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 328.22 Td (Less portion included in other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 328.27 Td (\(162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 328.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 328.27 Td (\(240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 328.22 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 313.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 313.67 Td (23,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 313.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 313.67 Td (15,864) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 283.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.89 283.05 Td (Long-T) Tj ET Q q 0 0 0 rg BT 118.08 283.05 Td (erm ) Tj ET Q q 0 0 0 rg BT 136.69 283.05 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 266.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.77 266.05 Td (long-term ) Tj ET Q q 0 0 0 rg BT 139.70 266.05 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 179.42 266.05 Td (consisted ) Tj ET Q q 0 0 0 rg BT 219.14 266.05 Td (of ) Tj ET Q q 0 0 0 rg BT 229.97 266.05 Td (the ) Tj ET Q q 0 0 0 rg BT 244.68 266.05 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 205.55 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 205.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 205.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 205.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 175.55 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 175.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 175.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 175.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 145.55 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 145.55 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 145.55 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 145.55 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 235.54999999999995 m 494 235.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 235.54999999999995 m 498 235.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 235.54999999999995 m 563 235.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 235.54999999999995 m 494 235.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 220.54999999999995 m 494 220.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 235.54999999999995 m 498 235.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 235.54999999999995 m 563 235.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 220.54999999999995 m 563 220.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 145.54999999999995 m 494 145.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 145.54999999999995 m 563 145.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 145.54999999999995 m 494 145.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 131.54999999999995 m 494 131.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 129.54999999999995 m 494 129.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 145.54999999999995 m 563 145.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 131.54999999999995 m 563 131.54999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 129.54999999999995 m 563 129.54999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 239.78 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 224.78 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 224.78 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.15 209.78 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 195.22 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 195.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 195.22 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 195.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 195.22 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 180.22 Td (Deferred rent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 180.22 Td (9,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 180.22 Td (8,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 165.22 Td (Deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 136.35 169.75 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 165.22 Td (5,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 165.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 150.22 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 156.92 154.75 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 150.22 Td (2,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 150.22 Td (1,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 135.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 135.67 Td (17,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 135.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 135.67 Td (10,273) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 116.45 Td (________________) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 104.73 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.78 100.65 Td (Certain reclassifications of prior period amounts have been made to conform to the current period presentation, such reclassification did not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 89.85 Td (materially change previously reported consolidated financial statements.) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 740.25 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 740.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 740.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 129.32 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 135.07 740.25 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.40 740.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 723.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.55 723.25 Td (components ) Tj ET Q q 0 0 0 rg BT 141.37 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.20 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.92 723.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 207.20 723.25 Td (for ) Tj ET Q q 0 0 0 rg BT 221.36 723.25 Td (income ) Tj ET Q q 0 0 0 rg BT 253.29 723.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 276.34 723.25 Td (were ) Tj ET Q q 0 0 0 rg BT 298.27 723.25 Td (as ) Tj ET Q q 0 0 0 rg BT 309.10 723.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 662.75 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 662.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 662.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 662.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 662.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 662.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 632.75 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 632.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 632.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 632.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 632.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 632.75 53.00 -15.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 396.00 542.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 542.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 542.75 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 692.75 m 449 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 692.75 m 453 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 692.75 m 506 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 692.75 m 510 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 692.75 m 563 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 677.75 m 449 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 677.75 m 506 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 692.75 m 563 692.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 677.75 m 563 677.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 617.75 m 449 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 617.75 m 506 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 617.75 m 563 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 617.75 m 506 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 617.75 m 563 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 557.75 m 449 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 557.75 m 506 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 557.75 m 563 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 557.75 m 449 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 557.75 m 506 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 557.75 m 563 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 542.75 m 449 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 528.75 m 449 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 526.75 m 449 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 542.75 m 506 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 528.75 m 506 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 526.75 m 506 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 542.75 m 563 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 528.75 m 563 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 526.75 m 563 526.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 697.87 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 696.98 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 682.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 681.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 681.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 681.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 667.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 666.98 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.42 Td (Current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 637.42 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 637.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 637.42 Td (9,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 637.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 637.42 Td (8,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 637.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 637.42 Td (5,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 622.42 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 622.42 Td (1,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 622.42 Td (1,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 622.42 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 607.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 607.42 Td (11,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 607.42 Td (9,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 607.42 Td (6,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 592.42 Td (Deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 577.42 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 577.42 Td (7,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 577.42 Td (1,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 577.42 Td (336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 562.42 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 562.42 Td (614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 562.42 Td (356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 562.42 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 547.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 547.87 Td (7,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 547.87 Td (2,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 547.87 Td (395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 532.42 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 532.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 532.42 Td (18,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 532.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 532.42 Td (12,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 532.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 532.42 Td (6,786) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 511.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.32 511.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 130.37 511.25 Td (for ) Tj ET Q q 0 0 0 rg BT 144.30 511.25 Td (income ) Tj ET Q q 0 0 0 rg BT 176.01 511.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 198.83 511.25 Td (dif) Tj ET Q q 0 0 0 rg BT 209.75 511.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 232.56 511.25 Td (from ) Tj ET Q q 0 0 0 rg BT 254.27 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.76 511.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 301.03 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.63 511.25 Td (income ) Tj ET Q q 0 0 0 rg BT 343.34 511.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 366.16 511.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 413.41 511.25 Td (by ) Tj ET Q q 0 0 0 rg BT 425.68 511.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 462.95 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.44 511.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 497.49 511.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 534.76 511.25 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 499.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.15 499.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 113.64 499.25 Td (as ) Tj ET Q q 0 0 0 rg BT 124.47 499.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 453.75 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 453.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 453.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 453.75 53.00 -15.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 510.00 393.75 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 468.75 m 449 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 468.75 m 453 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 468.75 m 506 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 468.75 m 510 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 468.75 m 563 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 453.75 m 449 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 453.75 m 506 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 468.75 m 563 468.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 453.75 m 563 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 378.75 m 449 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 378.75 m 506 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 378.75 m 563 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 364.75 m 449 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 362.75 m 449 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 378.75 m 506 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 364.75 m 506 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 362.75 m 506 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 378.75 m 563 378.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 364.75 m 563 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 362.75 m 563 362.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 473.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 472.98 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 458.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 457.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 457.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 457.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 443.42 Td (Tax at federal statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 443.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 443.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 443.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 443.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 443.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 443.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 428.42 Td (State taxes, net of federal benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 428.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 428.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 428.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 413.42 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 413.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 413.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 413.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 398.42 Td (Tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 398.47 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 398.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.80 398.47 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 398.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.80 398.47 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 398.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 383.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 383.47 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 383.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 383.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 383.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 368.42 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 368.42 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 368.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 368.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 368.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 368.42 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 368.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 347.25 Td (Excess ) Tj ET Q q 0 0 0 rg BT 103.30 347.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 118.55 347.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 153.23 347.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 197.36 347.25 Td (with ) Tj ET Q q 0 0 0 rg BT 218.17 347.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.31 347.25 Td (option ) Tj ET Q q 0 0 0 rg BT 270.90 347.25 Td (exercises ) Tj ET Q q 0 0 0 rg BT 310.57 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.04 347.25 Td (other ) Tj ET Q q 0 0 0 rg BT 351.62 347.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 379.65 347.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 411.00 347.25 Td (were ) Tj ET Q q 0 0 0 rg BT 433.46 347.25 Td (credited ) Tj ET Q q 0 0 0 rg BT 468.69 347.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.50 347.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 532.64 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.67 347.25 Td (equity) Tj ET Q q 0 0 0 rg BT 560.01 347.25 Td (. ) Tj ET Q q 0 0 0 rg BT 565.01 347.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.32 335.25 Td (income ) Tj ET Q q 0 0 0 rg BT 99.03 335.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.52 335.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 147.44 335.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 184.71 335.25 Td (from ) Tj ET Q q 0 0 0 rg BT 206.42 335.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 229.81 335.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 260.40 335.25 Td (that ) Tj ET Q q 0 0 0 rg BT 277.67 335.25 Td (were ) Tj ET Q q 0 0 0 rg BT 299.37 335.25 Td (credited ) Tj ET Q q 0 0 0 rg BT 333.84 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.89 335.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 397.03 335.25 Td ( ) Tj ET Q q 0 0 0 rg BT 399.30 335.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 426.57 335.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.27 335.25 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 473.04 335.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.94 335.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.71 335.25 Td ($1) Tj ET Q q 0 0 0 rg BT 516.34 335.25 Td (1.4 ) Tj ET Q q 0 0 0 rg BT 531.11 335.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 335.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 323.25 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 86.44 323.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.33 323.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.83 323.25 Td (for ) Tj ET Q q 0 0 0 rg BT 131.99 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.71 323.25 Td (years ) Tj ET Q q 0 0 0 rg BT 170.31 323.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 196.68 323.25 Td (December ) Tj ET Q q 0 0 0 rg BT 240.27 323.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.27 323.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.27 323.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.27 323.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.27 323.25 Td (, ) Tj ET Q q 0 0 0 rg BT 305.27 323.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.21 323.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.21 323.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 306.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.55 306.25 Td (components ) Tj ET Q q 0 0 0 rg BT 141.37 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.20 306.25 Td (net ) Tj ET Q q 0 0 0 rg BT 166.92 306.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 202.72 306.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 217.44 306.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 243.27 306.25 Td (\(liabilities\) ) Tj ET Q q 0 0 0 rg BT 289.65 306.25 Td (were ) Tj ET Q q 0 0 0 rg BT 311.58 306.25 Td (as ) Tj ET Q q 0 0 0 rg BT 322.41 306.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 245.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 245.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 245.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 245.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 215.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 215.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 215.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 215.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 185.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 185.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 185.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 185.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 155.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 155.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 155.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 155.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 125.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 125.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 125.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 125.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 95.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 95.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 95.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 95.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 65.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 65.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 65.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 65.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 275.75 m 494 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 275.75 m 498 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 275.75 m 563 275.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 260.75 m 494 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 260.75 m 563 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 185.75 m 494 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 185.75 m 563 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 155.75 m 494 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 155.75 m 563 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 140.75 m 494 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 140.75 m 563 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 80.75 m 494 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 80.75 m 563 80.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 65.75 m 494 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 51.75 m 494 51.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 49.75 m 494 49.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 65.75 m 563 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 51.75 m 563 51.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 49.75 m 563 49.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 280.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.25 279.98 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 265.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 264.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 264.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 250.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.15 249.98 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 235.42 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 235.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 235.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 220.42 Td (Research and development credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 220.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 220.42 Td (5,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 220.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 220.42 Td (3,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 205.42 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 205.42 Td (12,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 205.42 Td (10,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 190.42 Td (Reserves and accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 190.42 Td (11,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 190.42 Td (8,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 175.42 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 175.42 Td (29,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 175.42 Td (22,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 160.42 Td (Valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 160.47 Td (\(5,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 160.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 160.47 Td (\(3,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 160.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 145.42 Td (Total deferred tax assets, net of valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 145.42 Td (24,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 145.42 Td (19,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 130.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 130.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 130.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 115.42 Td (Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 115.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 115.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 100.42 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 100.47 Td (\(28,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 100.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 100.47 Td (\(16,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 100.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 85.42 Td (Book/tax basis in acquired assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 85.47 Td (\(1,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 85.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 85.47 Td (\(697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 85.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 70.42 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 70.47 Td (\(30,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 70.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 70.47 Td (\(16,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 70.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 55.42 Td (Net deferred tax assets \(liabilities\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 55.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 55.47 Td (\(5,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 55.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 55.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 55.42 Td (2,220) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 155 0 obj <> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.03 740.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.65 740.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.65 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.68 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.43 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.85 740.10 Td (had ) Tj ET Q q 0 0 0 rg BT 242.82 740.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.32 740.10 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 300.36 740.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.25 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.78 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.64 740.10 Td (net ) Tj ET Q q 0 0 0 rg BT 357.39 740.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 399.35 740.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 435.19 740.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 449.94 740.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 489.69 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.00 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 523.08 740.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 89.93 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.15 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.58 728.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 172.34 728.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 206.09 728.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 231.65 728.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.86 728.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 304.16 728.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.16 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 329.88 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.31 728.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.42 728.10 Td (had ) Tj ET Q q 0 0 0 rg BT 405.07 728.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.26 728.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 463.98 728.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.87 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.09 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.64 728.10 Td (net ) Tj ET Q q 0 0 0 rg BT 523.07 728.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.31 716.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.02 716.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 125.85 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.13 716.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 171.41 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.35 716.10 Td (other ) Tj ET Q q 0 0 0 rg BT 211.39 716.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 237.22 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.72 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.44 716.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 317.48 716.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 350.52 716.10 Td (sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 699.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.88 699.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.59 699.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 174.74 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.35 699.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 223.17 699.10 Td (a) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.61 699.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.44 699.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 270.48 699.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 313.84 699.10 Td (against ) Tj ET Q q 0 0 0 rg BT 344.99 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.04 699.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 396.17 699.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 411.22 699.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 437.38 699.10 Td (related ) Tj ET Q q 0 0 0 rg BT 467.41 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.01 699.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 508.04 699.10 Td (state ) Tj ET Q q 0 0 0 rg BT 529.20 699.10 Td (research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.28 687.10 Td (development ) Tj ET Q q 0 0 0 rg BT 120.27 687.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.83 687.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 166.32 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.88 687.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 225.42 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.09 687.10 Td (which ) Tj ET Q q 0 0 0 rg BT 262.87 687.10 Td (is ) Tj ET Q q 0 0 0 rg BT 271.88 687.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 311.42 687.10 Td (as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.75 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.09 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.65 687.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 377.87 687.10 Td (expects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.20 687.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.32 687.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 456.52 687.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 498.85 687.10 Td (such ) Tj ET Q q 0 0 0 rg BT 519.52 687.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 548.52 687.10 Td (at ) Tj ET Q q 0 0 0 rg BT 558.07 687.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (faster ) Tj ET Q q 0 0 0 rg BT 74.52 675.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 92.33 675.10 Td (than) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.54 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.36 675.10 Td (it ) Tj ET Q q 0 0 0 rg BT 120.74 675.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.22 675.10 Td (able ) Tj ET Q q 0 0 0 rg BT 149.70 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.29 675.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 188.10 675.10 Td (them) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.09 675.10 Td (. ) Tj ET Q q 0 0 0 rg BT 213.21 675.10 Td (The ) Tj ET Q q 0 0 0 rg BT 231.57 675.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 271.60 675.10 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.95 675.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 355.52 675.10 Td (by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.52 675.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.34 675.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 388.66 675.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.55 675.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.87 675.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 443.18 675.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.07 675.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.39 675.10 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 497.71 675.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.42 675.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 675.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 675.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 663.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.94 663.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.94 663.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.94 663.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 161.60 663.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 646.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.28 646.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.28 646.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 156.03 646.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.03 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.19 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.07 646.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 237.63 646.10 Td (had ) Tj ET Q q 0 0 0 rg BT 254.73 646.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 285.15 646.10 Td (net ) Tj ET Q q 0 0 0 rg BT 300.03 646.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 340.46 646.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 358.69 646.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.46 646.10 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.01 646.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 397.45 646.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 456.19 646.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.19 646.10 Td ($15.0 ) Tj ET Q q 0 0 0 rg BT 492.35 646.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.25 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 526.41 646.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.29 634.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 89.94 634.10 Td (future ) Tj ET Q q 0 0 0 rg BT 116.83 634.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 148.71 634.10 Td (income ) Tj ET Q q 0 0 0 rg BT 181.15 634.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.60 634.10 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 219.11 634.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.01 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.35 634.10 Td (state ) Tj ET Q q 0 0 0 rg BT 283.68 634.10 Td (NOL) Tj ET Q q 0 0 0 rg BT 303.87 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.87 634.10 Td (carryforwards. ) Tj ET Q q 0 0 0 rg BT 368.25 634.10 Td (These ) Tj ET Q q 0 0 0 rg BT 395.13 634.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 425.89 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.34 634.10 Td (state ) Tj ET Q q 0 0 0 rg BT 464.68 634.10 Td (NOL) Tj ET Q q 0 0 0 rg BT 484.86 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.87 634.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 546.96 634.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 75.04 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.14 622.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 114.45 622.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 169.42 622.10 Td (2035 ) Tj ET Q q 0 0 0 rg BT 192.74 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.51 622.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 236.33 622.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 283.99 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 289.08 622.10 Td (As ) Tj ET Q q 0 0 0 rg BT 303.52 622.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.17 622.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 374.57 622.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.57 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 400.40 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.94 622.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 622.10 Td (also ) Tj ET Q q 0 0 0 rg BT 477.58 622.10 Td (had ) Tj ET Q q 0 0 0 rg BT 495.34 622.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 526.42 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.18 622.10 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (research ) Tj ET Q q 0 0 0 rg BT 86.00 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.64 610.10 Td (development ) Tj ET Q q 0 0 0 rg BT 158.49 610.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.90 610.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 199.87 610.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 259.14 610.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.47 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.67 610.10 Td ($8.9 ) Tj ET Q q 0 0 0 rg BT 291.37 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.26 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.46 610.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.10 610.10 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 361.79 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.69 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.38 610.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 444.05 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 449.74 610.10 Td (If ) Tj ET Q q 0 0 0 rg BT 459.60 610.10 Td (it ) Tj ET Q q 0 0 0 rg BT 468.36 610.10 Td (were ) Tj ET Q q 0 0 0 rg BT 490.98 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.96 610.10 Td (be ) Tj ET Q q 0 0 0 rg BT 514.60 610.10 Td (utilized, ) Tj ET Q q 0 0 0 rg BT 550.29 610.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.55 598.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 108.14 598.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.20 598.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 151.81 598.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.98 598.10 Td ($8.9 ) Tj ET Q q 0 0 0 rg BT 181.33 598.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.22 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.06 598.10 Td (would ) Tj ET Q q 0 0 0 rg BT 238.90 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 250.19 598.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 284.23 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.85 598.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 335.69 598.10 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 365.85 598.10 Td (capital. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.72 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 414.11 598.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 443.70 598.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 457.76 598.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 482.37 598.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 540.29 598.10 Td (begin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 586.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 87.26 586.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 141.41 586.10 Td (in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.19 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.69 586.10 Td (2035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.69 586.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.51 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 194.56 586.10 Td (state ) Tj ET Q q 0 0 0 rg BT 215.38 586.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 230.10 586.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 255.36 586.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 313.94 586.10 Td (may ) Tj ET Q q 0 0 0 rg BT 333.66 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 345.60 586.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 375.85 586.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 410.00 586.10 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 455.45 586.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 569.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 105.84 569.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 143.07 569.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 166.43 569.10 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 216.17 569.10 Td (places ) Tj ET Q q 0 0 0 rg BT 243.41 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 250.09 569.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 291.23 569.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 309.02 569.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 345.70 569.10 Td (382 ) Tj ET Q q 0 0 0 rg BT 362.95 569.10 Td (Limitation\) ) Tj ET Q q 0 0 0 rg BT 415.18 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 427.43 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 569.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 474.14 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.71 569.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 515.83 569.10 Td (income ) Tj ET Q q 0 0 0 rg BT 547.52 569.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (can ) Tj ET Q q 0 0 0 rg BT 64.89 557.10 Td (be ) Tj ET Q q 0 0 0 rg BT 75.85 557.10 Td (of) Tj ET Q q 0 0 0 rg BT 84.00 557.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 99.95 557.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.47 557.10 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.65 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.16 557.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 190.76 557.10 Td (after ) Tj ET Q q 0 0 0 rg BT 210.59 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.55 557.10 Td (change ) Tj ET Q q 0 0 0 rg BT 246.38 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.67 557.10 Td (control ) Tj ET Q q 0 0 0 rg BT 285.51 557.10 Td (\(generally ) Tj ET Q q 0 0 0 rg BT 327.56 557.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 356.83 557.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.56 557.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.89 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.41 557.10 Td (change ) Tj ET Q q 0 0 0 rg BT 425.24 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.54 557.10 Td (ownership\) ) Tj ET Q q 0 0 0 rg BT 481.04 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.89 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.84 557.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 513.92 557.10 Td (corporation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (California ) Tj ET Q q 0 0 0 rg BT 92.68 545.10 Td (has ) Tj ET Q q 0 0 0 rg BT 108.65 545.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 139.07 545.10 Td (rules. ) Tj ET Q q 0 0 0 rg BT 163.46 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.64 545.10 Td (Company) Tj ET Q q 0 0 0 rg BT 223.31 545.10 Td (s ) Tj ET Q q 0 0 0 rg BT 229.84 545.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 286.34 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 297.31 545.10 Td (described ) Tj ET Q q 0 0 0 rg BT 338.27 545.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 365.90 545.10 Td (may ) Tj ET Q q 0 0 0 rg BT 385.75 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 407.27 545.10 Td (created ) Tj ET Q q 0 0 0 rg BT 438.77 545.10 Td (such ) Tj ET Q q 0 0 0 rg BT 459.74 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.82 545.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 500.28 545.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 539.05 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 544.19 545.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.39 533.10 Td (control ) Tj ET Q q 0 0 0 rg BT 89.17 533.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 123.44 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.33 533.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 150.34 533.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 199.89 533.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 229.99 533.10 Td (deduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.10 533.10 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.28 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.73 533.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 343.26 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.50 533.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 384.05 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.83 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.50 533.10 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 462.44 533.10 Td (Limitation. ) Tj ET Q q 0 0 0 rg BT 510.61 533.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 530.73 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.96 533.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (change ) Tj ET Q q 0 0 0 rg BT 85.22 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.97 521.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 145.04 521.10 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 192.18 521.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 235.69 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.99 521.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.18 521.10 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.36 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.33 521.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 344.37 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 364.56 521.10 Td (be ) Tj ET Q q 0 0 0 rg BT 376.97 521.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 408.26 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.01 521.10 Td (an ) Tj ET Q q 0 0 0 rg BT 431.41 521.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 461.04 521.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 502.89 521.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 544.18 521.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 92.86 509.10 Td (against ) Tj ET Q q 0 0 0 rg BT 124.00 509.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 155.68 509.10 Td (income ) Tj ET Q q 0 0 0 rg BT 187.92 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.51 509.10 Td (future ) Tj ET Q q 0 0 0 rg BT 225.20 509.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 259.75 509.10 Td (The ) Tj ET Q q 0 0 0 rg BT 278.11 509.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 319.81 509.10 Td (has ) Tj ET Q q 0 0 0 rg BT 335.95 509.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 373.73 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.98 509.10 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 431.29 509.10 Td (Limitation ) Tj ET Q q 0 0 0 rg BT 476.32 509.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 511.35 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.60 509.10 Td (does ) Tj ET Q q 0 0 0 rg BT 549.74 509.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 81.61 497.10 Td (that ) Tj ET Q q 0 0 0 rg BT 99.85 497.10 Td (any ) Tj ET Q q 0 0 0 rg BT 117.53 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.10 497.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.79 497.10 Td (NOL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.97 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.21 497.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 224.53 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 239.98 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.55 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.57 497.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 326.35 497.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 349.03 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.05 497.10 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 406.34 497.10 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 455.69 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 477.80 497.10 Td (been ) Tj ET Q q 0 0 0 rg BT 499.92 497.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 537.05 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 550.29 497.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 485.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.56 485.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 134.48 485.10 Td (subsidiaries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 468.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.04 468.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.67 468.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.67 468.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.71 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.47 468.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.90 468.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.88 468.10 Td ($4.6 ) Tj ET Q q 0 0 0 rg BT 262.93 468.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.82 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.36 468.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.23 468.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 352.21 468.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 408.61 468.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 423.37 468.10 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 460.07 468.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.61 468.10 Td (If ) Tj ET Q q 0 0 0 rg BT 471.82 468.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.58 468.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 520.77 468.10 Td (were ) Tj ET Q q 0 0 0 rg BT 542.75 468.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 468.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (recognized, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.82 456.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 119.28 456.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.17 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.13 456.10 Td (would ) Tj ET Q q 0 0 0 rg BT 179.09 456.10 Td (af) Tj ET Q q 0 0 0 rg BT 186.68 456.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 204.62 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.80 456.10 Td (ef) Tj ET Q q 0 0 0 rg BT 227.39 456.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 257.55 456.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 272.72 456.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 290.67 456.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.06 456.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 328.52 456.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.42 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.37 456.10 Td (would ) Tj ET Q q 0 0 0 rg BT 388.33 456.10 Td (reverse ) Tj ET Q q 0 0 0 rg BT 420.16 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.33 456.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 475.51 456.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 519.00 456.10 Td (against ) Tj ET Q q 0 0 0 rg BT 550.28 456.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 84.53 444.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 98.46 444.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 125.89 444.10 Td (The ) Tj ET Q q 0 0 0 rg BT 143.16 444.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 183.76 444.10 Td (does ) Tj ET Q q 0 0 0 rg BT 203.81 444.10 Td (not ) Tj ET Q q 0 0 0 rg BT 218.31 444.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 246.13 444.10 Td (a ) Tj ET Q q 0 0 0 rg BT 252.28 444.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 296.22 444.10 Td (change ) Tj ET Q q 0 0 0 rg BT 326.25 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.75 444.10 Td (its ) Tj ET Q q 0 0 0 rg BT 346.92 444.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 402.50 444.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 416.44 444.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 449.81 444.10 Td (over ) Tj ET Q q 0 0 0 rg BT 469.30 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.24 444.10 Td (next ) Tj ET Q q 0 0 0 rg BT 502.18 444.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 530.55 444.10 Td (months. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 432.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 123.91 432.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 138.63 432.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 172.78 432.10 Td (may ) Tj ET Q q 0 0 0 rg BT 192.50 432.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 227.75 432.10 Td (or ) Tj ET Q q 0 0 0 rg BT 238.58 432.10 Td (change ) Tj ET Q q 0 0 0 rg BT 269.40 432.10 Td (during ) Tj ET Q q 0 0 0 rg BT 298.01 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.72 432.10 Td (year ) Tj ET Q q 0 0 0 rg BT 332.43 432.10 Td (for ) Tj ET Q q 0 0 0 rg BT 346.59 432.10 Td (items ) Tj ET Q q 0 0 0 rg BT 370.75 432.10 Td (that ) Tj ET Q q 0 0 0 rg BT 388.25 432.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 409.63 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.91 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.62 432.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 471.00 432.10 Td (course ) Tj ET Q q 0 0 0 rg BT 499.60 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.43 432.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 415.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.17 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.67 415.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 139.15 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.98 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.69 415.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 207.19 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.13 415.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 253.84 415.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 286.88 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.71 415.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 354.07 415.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 368.78 415.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 402.94 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.11 415.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.94 415.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 354.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 354.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 354.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 354.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 354.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 354.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 324.60 346.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 324.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 324.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 324.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 324.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 324.60 53.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 384.6 m 449 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 384.6 m 453 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 384.6 m 506 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 384.6 m 510 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 384.6 m 563 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 369.6 m 449 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 369.6 m 506 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 384.6 m 563 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 369.6 m 563 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 299.6 m 449 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 299.6 m 506 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 299.6 m 563 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 285.6 m 449 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 283.6 m 449 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 285.6 m 506 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 283.6 m 506 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 285.6 m 563 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 283.6 m 563 283.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 389.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 388.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 374.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 373.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 373.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 373.83 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 359.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 358.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 345.17 Td (Beginning balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 344.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 344.27 Td (3,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 344.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 344.27 Td (2,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 344.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 344.27 Td (1,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 330.17 Td (Additions based on tax positions related to the current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 329.27 Td (1,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 329.27 Td (1,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 329.27 Td (594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 315.17 Td (Additions \(reductions\) based on tax positions related to prior years including) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 305.17 Td (acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.80 304.32 Td (\(140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 304.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 304.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 304.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 290.17 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 289.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 289.27 Td (4,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 289.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 289.27 Td (3,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 289.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 289.27 Td (2,408) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 268.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.96 268.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.77 268.10 Td (files ) Tj ET Q q 0 0 0 rg BT 153.90 268.10 Td (income ) Tj ET Q q 0 0 0 rg BT 186.25 268.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 201.39 268.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 232.07 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.77 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.90 268.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 278.60 268.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 309.28 268.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 357.75 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.10 268.10 Td (various ) Tj ET Q q 0 0 0 rg BT 407.46 268.10 Td (state ) Tj ET Q q 0 0 0 rg BT 428.70 268.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 483.35 268.10 Td (The ) Tj ET Q q 0 0 0 rg BT 501.81 268.10 Td (Company) Tj ET Q q 0 0 0 rg BT 543.48 268.10 Td (s ) Tj ET Q q 0 0 0 rg BT 550.29 268.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (years ) Tj ET Q q 0 0 0 rg BT 72.06 256.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.17 256.10 Td (2007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.17 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.63 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.53 256.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 155.64 256.10 Td (are ) Tj ET Q q 0 0 0 rg BT 169.30 256.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 199.08 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.32 256.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 259.20 256.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.66 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.34 256.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 303.58 256.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 317.25 256.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 360.92 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.82 256.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.93 256.10 Td (2000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.93 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.39 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.29 256.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 460.40 256.10 Td (are ) Tj ET Q q 0 0 0 rg BT 474.06 256.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 503.84 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.08 256.10 Td (examination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.95 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.61 244.10 Td (California ) Tj ET Q q 0 0 0 rg BT 119.59 244.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.26 244.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 178.91 244.10 Td (due ) Tj ET Q q 0 0 0 rg BT 195.80 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.02 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.68 244.10 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 275.32 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.09 244.10 Td (unutilized ) Tj ET Q q 0 0 0 rg BT 328.53 244.10 Td (net ) Tj ET Q q 0 0 0 rg BT 343.19 244.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 383.40 244.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 409.74 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.62 244.10 Td (research ) Tj ET Q q 0 0 0 rg BT 462.37 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.25 244.10 Td (development ) Tj ET Q q 0 0 0 rg BT 533.35 244.10 Td (credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.62 227.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.45 227.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.62 227.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 169.66 227.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.94 227.10 Td (it ) Tj ET Q q 0 0 0 rg BT 194.78 227.10 Td (has ) Tj ET Q q 0 0 0 rg BT 210.39 227.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 248.22 227.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 286.04 227.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 321.08 227.10 Td (for ) Tj ET Q q 0 0 0 rg BT 335.02 227.10 Td (its ) Tj ET Q q 0 0 0 rg BT 346.75 227.10 Td (income ) Tj ET Q q 0 0 0 rg BT 378.47 227.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.97 227.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 446.34 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.40 227.10 Td (all ) Tj ET Q q 0 0 0 rg BT 468.68 227.10 Td (open ) Tj ET Q q 0 0 0 rg BT 490.40 227.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.90 227.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 530.78 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.50 227.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (it ) Tj ET Q q 0 0 0 rg BT 57.60 215.10 Td (does ) Tj ET Q q 0 0 0 rg BT 78.48 215.10 Td (not ) Tj ET Q q 0 0 0 rg BT 93.80 215.10 Td (have ) Tj ET Q q 0 0 0 rg BT 115.23 215.10 Td (any ) Tj ET Q q 0 0 0 rg BT 132.21 215.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 146.98 215.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 185.64 215.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.18 215.10 Td (it ) Tj ET Q q 0 0 0 rg BT 211.28 215.10 Td (is ) Tj ET Q q 0 0 0 rg BT 220.50 215.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 266.36 215.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 301.69 215.10 Td (would ) Tj ET Q q 0 0 0 rg BT 329.23 215.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 372.32 215.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 407.62 215.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.49 215.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 455.45 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.22 215.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 493.88 215.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 550.29 215.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.66 203.10 Td (within ) Tj ET Q q 0 0 0 rg BT 111.71 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.43 203.10 Td (next ) Tj ET Q q 0 0 0 rg BT 146.15 203.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 175.30 203.10 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 186.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.87 186.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.59 186.10 Td (has ) Tj ET Q q 0 0 0 rg BT 149.74 186.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.01 186.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 184.83 186.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.43 186.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 228.81 186.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 262.72 186.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 294.98 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.24 186.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 350.61 186.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 394.53 186.10 Td (with ) Tj ET Q q 0 0 0 rg BT 415.13 186.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 455.16 186.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 470.20 186.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 509.15 186.10 Td (together ) Tj ET Q q 0 0 0 rg BT 544.74 186.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.50 174.10 Td (related ) Tj ET Q q 0 0 0 rg BT 92.48 174.10 Td (liability) Tj ET Q q 0 0 0 rg BT 122.94 174.10 Td (, ) Tj ET Q q 0 0 0 rg BT 127.22 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.45 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.44 174.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 195.33 174.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 230.42 174.10 Td (related ) Tj ET Q q 0 0 0 rg BT 259.41 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.97 174.10 Td (such ) Tj ET Q q 0 0 0 rg BT 289.08 174.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 323.62 174.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.61 174.10 Td (included ) Tj ET Q q 0 0 0 rg BT 373.82 174.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.38 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.38 174.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 436.94 174.10 Td (for ) Tj ET Q q 0 0 0 rg BT 450.38 174.10 Td (income ) Tj ET Q q 0 0 0 rg BT 481.60 174.10 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.30 174.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.63 174.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.10 Td (did ) Tj ET Q q 0 0 0 rg BT 65.25 162.10 Td (not ) Tj ET Q q 0 0 0 rg BT 81.00 162.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 104.51 162.10 Td (any ) Tj ET Q q 0 0 0 rg BT 121.92 162.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 154.33 162.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 189.50 162.10 Td (or ) Tj ET Q q 0 0 0 rg BT 200.80 162.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 239.32 162.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 283.38 162.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.13 162.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 360.96 162.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 376.15 162.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 410.77 162.10 Td (during ) Tj ET Q q 0 0 0 rg BT 439.85 162.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.04 162.10 Td (years ) Tj ET Q q 0 0 0 rg BT 479.11 162.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.96 162.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 162.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 74.50 150.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 99.50 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.44 150.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.44 150.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 133.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.64 133.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.13 133.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.39 133.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 181.08 133.10 Td (under ) Tj ET Q q 0 0 0 rg BT 206.45 133.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 258.47 133.10 Td (by ) Tj ET Q q 0 0 0 rg BT 271.07 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.88 133.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 306.26 133.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 339.96 133.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 377.54 133.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 410.12 133.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.38 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.19 133.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 461.79 133.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 476.60 133.10 Td (year) Tj ET Q q 0 0 0 rg BT 493.25 133.10 Td (. ) Tj ET Q q 0 0 0 rg BT 497.78 133.10 Td (At ) Tj ET Q q 0 0 0 rg BT 510.38 133.10 Td (this ) Tj ET Q q 0 0 0 rg BT 527.42 133.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 550.29 133.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.69 121.10 Td (is ) Tj ET Q q 0 0 0 rg BT 99.67 121.10 Td (not ) Tj ET Q q 0 0 0 rg BT 114.75 121.10 Td (able ) Tj ET Q q 0 0 0 rg BT 133.71 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.80 121.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 179.43 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.95 121.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 231.25 121.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 260.76 121.10 Td (that ) Tj ET Q q 0 0 0 rg BT 278.06 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.59 121.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 344.32 121.10 Td (may ) Tj ET Q q 0 0 0 rg BT 363.85 121.10 Td (have ) Tj ET Q q 0 0 0 rg BT 385.03 121.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.33 121.10 Td (income ) Tj ET Q q 0 0 0 rg BT 429.07 121.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 443.60 121.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 480.61 121.10 Td (If ) Tj ET Q q 0 0 0 rg BT 489.58 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.10 121.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 555.83 121.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (resolved ) Tj ET Q q 0 0 0 rg BT 85.88 109.10 Td (unfavorably) Tj ET Q q 0 0 0 rg BT 133.54 109.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.54 109.10 Td (it ) Tj ET Q q 0 0 0 rg BT 146.60 109.10 Td (may ) Tj ET Q q 0 0 0 rg BT 166.32 109.10 Td (have ) Tj ET Q q 0 0 0 rg BT 187.69 109.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.63 109.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 231.00 109.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 260.72 109.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.22 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.93 109.10 Td (Company) Tj ET Q q 0 0 0 rg BT 329.60 109.10 Td (s ) Tj ET Q q 0 0 0 rg BT 335.99 109.10 Td (results ) Tj ET Q q 0 0 0 rg BT 364.60 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.43 109.10 Td (operations.) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 740.25 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.34 740.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.34 740.25 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 158.38 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.00 740.25 Td (Contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.00 740.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 714.25 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 697.25 Td (As ) Tj ET Q q 0 0 0 rg BT 87.80 697.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.31 697.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.58 697.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.58 697.25 Td (, ) Tj ET Q q 0 0 0 rg BT 184.26 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.66 697.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 241.73 697.25 Td (leased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.89 697.25 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.89 697.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.07 697.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 330.68 697.25 Td (under ) Tj ET Q q 0 0 0 rg BT 356.63 697.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 397.58 697.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 420.75 697.25 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 480.06 697.25 Td (The ) Tj ET Q q 0 0 0 rg BT 498.79 697.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 521.96 697.25 Td (expiration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 685.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 71.51 685.25 Td (range ) Tj ET Q q 0 0 0 rg BT 95.19 685.25 Td (from ) Tj ET Q q 0 0 0 rg BT 115.77 685.25 Td (August ) Tj ET Q q 0 0 0 rg BT 146.13 685.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 167.59 685.25 Td (to ) Tj ET Q q 0 0 0 rg BT 176.84 685.25 Td (December ) Tj ET Q q 0 0 0 rg BT 219.39 685.25 Td (2025. ) Tj ET Q q 0 0 0 rg BT 243.35 685.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 274.25 685.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 299.60 685.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 330.50 685.25 Td (escalation ) Tj ET Q q 0 0 0 rg BT 371.94 685.25 Td (clauses ) Tj ET Q q 0 0 0 rg BT 402.29 685.25 Td (calling ) Tj ET Q q 0 0 0 rg BT 430.96 685.25 Td (for ) Tj ET Q q 0 0 0 rg BT 444.09 685.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 483.31 685.25 Td (rents. ) Tj ET Q q 0 0 0 rg BT 506.61 685.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.62 685.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 673.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 95.15 673.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 113.60 673.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 148.71 673.25 Td (on ) Tj ET Q q 0 0 0 rg BT 161.61 673.25 Td (a ) Tj ET Q q 0 0 0 rg BT 168.94 673.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 220.16 673.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 243.06 673.25 Td (over ) Tj ET Q q 0 0 0 rg BT 263.73 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.85 673.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 301.73 673.25 Td (period ) Tj ET Q q 0 0 0 rg BT 330.18 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.52 673.25 Td (has ) Tj ET Q q 0 0 0 rg BT 363.75 673.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 401.62 673.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 437.83 673.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 456.27 673.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.83 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.95 673.25 Td (dif) Tj ET Q q 0 0 0 rg BT 496.88 673.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 529.19 673.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 661.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 68.02 661.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 109.32 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.73 661.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 145.25 661.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 180.43 661.25 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 229.76 661.25 Td (Rent ) Tj ET Q q 0 0 0 rg BT 251.62 661.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 286.80 661.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.33 661.25 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 325.80 661.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.69 661.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.16 661.25 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 380.64 661.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.53 661.25 Td (, ) Tj ET Q q 0 0 0 rg BT 415.00 661.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.41 661.25 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 452.88 661.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.78 661.25 Td ( ) Tj ET Q q 0 0 0 rg BT 484.75 661.25 Td (for ) Tj ET Q q 0 0 0 rg BT 499.38 661.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.57 661.25 Td (years ) Tj ET Q q 0 0 0 rg BT 538.64 661.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.25 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 649.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.08 649.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 133.08 649.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 158.08 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.02 649.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.02 649.25 Td (, ) Tj ET Q q 0 0 0 rg BT 200.02 649.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 247.68 649.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 632.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 109.94 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.66 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.81 632.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 179.29 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.56 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.71 632.25 Td (Company) Tj ET Q q 0 0 0 rg BT 247.38 632.25 Td (s ) Tj ET Q q 0 0 0 rg BT 254.21 632.25 Td (Irvine ) Tj ET Q q 0 0 0 rg BT 281.03 632.25 Td (of) Tj ET Q q 0 0 0 rg BT 289.17 632.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 307.10 632.25 Td (lease, ) Tj ET Q q 0 0 0 rg BT 332.52 632.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.24 632.25 Td (February ) Tj ET Q q 0 0 0 rg BT 382.28 632.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 407.71 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.87 632.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 464.70 632.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 497.06 632.25 Td (into ) Tj ET Q q 0 0 0 rg BT 515.55 632.25 Td (a ) Tj ET Q q 0 0 0 rg BT 522.93 632.25 Td (new ) Tj ET Q q 0 0 0 rg BT 542.53 632.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 93.60 620.25 Td (for ) Tj ET Q q 0 0 0 rg BT 107.71 620.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.93 620.25 Td (4,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.43 620.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.88 620.25 Td (square ) Tj ET Q q 0 0 0 rg BT 221.44 620.25 Td (feet ) Tj ET Q q 0 0 0 rg BT 238.88 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.67 620.25 Td (of) Tj ET Q q 0 0 0 rg BT 257.82 620.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 275.26 620.25 Td (space ) Tj ET Q q 0 0 0 rg BT 299.92 620.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.15 620.25 Td (Irvine, ) Tj ET Q q 0 0 0 rg BT 338.99 620.25 Td (California. ) Tj ET Q q 0 0 0 rg BT 384.31 620.25 Td (The ) Tj ET Q q 0 0 0 rg BT 402.31 620.25 Td (term ) Tj ET Q q 0 0 0 rg BT 423.09 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.88 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.55 620.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 470.99 620.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 521.76 620.25 Td (on ) Tj ET Q q 0 0 0 rg BT 534.22 620.25 Td (June ) Tj ET Q q 0 0 0 rg BT 555.00 620.25 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.00 608.25 Td (with ) Tj ET Q q 0 0 0 rg BT 92.28 608.25 Td (an ) Tj ET Q q 0 0 0 rg BT 104.22 608.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 130.05 608.25 Td (term ) Tj ET Q q 0 0 0 rg BT 150.87 608.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.70 608.25 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.70 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.20 608.25 Td (months, ) Tj ET Q q 0 0 0 rg BT 208.65 608.25 Td (with ) Tj ET Q q 0 0 0 rg BT 228.93 608.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 269.75 608.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 302.80 608.25 Td (from ) Tj ET Q q 0 0 0 rg BT 324.74 608.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.74 608.25 Td (12,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.24 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.74 608.25 Td (per ) Tj ET Q q 0 0 0 rg BT 375.01 608.25 Td (month ) Tj ET Q q 0 0 0 rg BT 403.06 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.34 608.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.34 608.25 Td (15,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.84 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 448.34 608.25 Td (per ) Tj ET Q q 0 0 0 rg BT 463.61 608.25 Td (month. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 591.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.69 591.25 Td (July ) Tj ET Q q 0 0 0 rg BT 101.72 591.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 126.59 591.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.17 591.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.42 591.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 214.20 591.25 Td (into ) Tj ET Q q 0 0 0 rg BT 232.12 591.25 Td (an ) Tj ET Q q 0 0 0 rg BT 243.92 591.25 Td (amendment ) Tj ET Q q 0 0 0 rg BT 292.93 591.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.07 591.25 Td (its ) Tj ET Q q 0 0 0 rg BT 314.88 591.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 348.91 591.25 Td (of) Tj ET Q q 0 0 0 rg BT 357.06 591.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 374.41 591.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 396.76 591.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.90 591.25 Td (Pleasanton, ) Tj ET Q q 0 0 0 rg BT 455.08 591.25 Td (California ) Tj ET Q q 0 0 0 rg BT 497.99 591.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.13 591.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 539.37 591.25 Td (of) Tj ET Q q 0 0 0 rg BT 547.52 591.25 Td (fice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.25 Td (space ) Tj ET Q q 0 0 0 rg BT 74.33 579.25 Td (by ) Tj ET Q q 0 0 0 rg BT 86.94 579.25 Td (four ) Tj ET Q q 0 0 0 rg BT 106.22 579.25 Td (floors, ) Tj ET Q q 0 0 0 rg BT 134.67 579.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.05 579.25 Td (143,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.55 579.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.17 579.25 Td (square ) Tj ET Q q 0 0 0 rg BT 258.89 579.25 Td (feet ) Tj ET Q q 0 0 0 rg BT 276.49 579.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.55 579.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 322.82 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.66 579.25 Td (term ) Tj ET Q q 0 0 0 rg BT 358.60 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.55 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.38 579.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 406.99 579.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.94 579.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.77 579.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 467.06 579.25 Td (premises ) Tj ET Q q 0 0 0 rg BT 505.22 579.25 Td (by ) Tj ET Q q 0 0 0 rg BT 517.84 579.25 Td (one ) Tj ET Q q 0 0 0 rg BT 534.90 579.25 Td (year ) Tj ET Q q 0 0 0 rg BT 554.72 579.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.25 Td (December ) Tj ET Q q 0 0 0 rg BT 93.28 567.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.48 567.25 Td (2025. ) Tj ET Q q 0 0 0 rg BT 133.49 567.25 Td (The ) Tj ET Q q 0 0 0 rg BT 151.73 567.25 Td (term ) Tj ET Q q 0 0 0 rg BT 172.76 567.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.79 567.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.70 567.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 221.39 567.25 Td (for ) Tj ET Q q 0 0 0 rg BT 235.75 567.25 Td (two ) Tj ET Q q 0 0 0 rg BT 253.45 567.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.47 567.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.39 567.25 Td (four ) Tj ET Q q 0 0 0 rg BT 298.75 567.25 Td (floors ) Tj ET Q q 0 0 0 rg BT 324.78 567.25 Td (will ) Tj ET Q q 0 0 0 rg BT 343.04 567.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 389.04 567.25 Td (on ) Tj ET Q q 0 0 0 rg BT 401.15 567.25 Td (April ) Tj ET Q q 0 0 0 rg BT 424.96 567.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 435.16 567.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 457.85 567.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.99 567.25 Td (for ) Tj ET Q q 0 0 0 rg BT 489.35 567.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.27 567.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 547.51 567.25 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.25 Td (floors, ) Tj ET Q q 0 0 0 rg BT 77.53 555.25 Td (will ) Tj ET Q q 0 0 0 rg BT 95.28 555.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 140.79 555.25 Td (on ) Tj ET Q q 0 0 0 rg BT 152.99 555.25 Td (February ) Tj ET Q q 0 0 0 rg BT 191.28 555.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 200.98 555.25 Td (2018. ) Tj ET Q q 0 0 0 rg BT 225.52 555.25 Td (The ) Tj ET Q q 0 0 0 rg BT 243.26 555.25 Td (term ) Tj ET Q q 0 0 0 rg BT 263.78 555.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.31 555.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.73 555.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 310.91 555.25 Td (for ) Tj ET Q q 0 0 0 rg BT 324.77 555.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.18 555.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 380.24 555.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 407.42 555.25 Td (space ) Tj ET Q q 0 0 0 rg BT 431.83 555.25 Td (ends ) Tj ET Q q 0 0 0 rg BT 452.35 555.25 Td (on ) Tj ET Q q 0 0 0 rg BT 464.55 555.25 Td (December ) Tj ET Q q 0 0 0 rg BT 507.83 555.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 522.53 555.25 Td (2025 ) Tj ET Q q 0 0 0 rg BT 544.73 555.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.33 543.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 123.37 543.25 Td (from ) Tj ET Q q 0 0 0 rg BT 145.31 543.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 205.57 543.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.57 543.25 Td (201,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.07 543.25 Td ( ) Tj ET Q q 0 0 0 rg BT 245.57 543.25 Td (per ) Tj ET Q q 0 0 0 rg BT 260.84 543.25 Td (month ) Tj ET Q q 0 0 0 rg BT 288.89 543.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.17 543.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.17 543.25 Td (527,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.67 543.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.17 543.25 Td (per ) Tj ET Q q 0 0 0 rg BT 354.44 543.25 Td (month ) Tj ET Q q 0 0 0 rg BT 382.50 543.25 Td (during ) Tj ET Q q 0 0 0 rg BT 411.11 543.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.82 543.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 448.31 543.25 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 526.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 110.09 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.96 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.26 526.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 179.90 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.32 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.62 526.25 Td (Company) Tj ET Q q 0 0 0 rg BT 248.29 526.25 Td (s ) Tj ET Q q 0 0 0 rg BT 255.27 526.25 Td (Omaha ) Tj ET Q q 0 0 0 rg BT 287.24 526.25 Td (of) Tj ET Q q 0 0 0 rg BT 295.39 526.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 313.46 526.25 Td (lease, ) Tj ET Q q 0 0 0 rg BT 339.04 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 349.22 526.25 Td (August ) Tj ET Q q 0 0 0 rg BT 381.20 526.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 406.79 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.10 526.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 464.08 526.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 496.59 526.25 Td (into ) Tj ET Q q 0 0 0 rg BT 515.24 526.25 Td (a ) Tj ET Q q 0 0 0 rg BT 522.77 526.25 Td (new ) Tj ET Q q 0 0 0 rg BT 542.52 526.25 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 92.80 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 106.13 514.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.55 514.25 Td (20,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.05 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.71 514.25 Td (square ) Tj ET Q q 0 0 0 rg BT 222.47 514.25 Td (feet ) Tj ET Q q 0 0 0 rg BT 239.12 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.11 514.25 Td (of) Tj ET Q q 0 0 0 rg BT 257.26 514.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 273.91 514.25 Td (space ) Tj ET Q q 0 0 0 rg BT 297.78 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.22 514.25 Td (Omaha, ) Tj ET Q q 0 0 0 rg BT 340.26 514.25 Td (Nebraska. ) Tj ET Q q 0 0 0 rg BT 382.06 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 399.27 514.25 Td (term ) Tj ET Q q 0 0 0 rg BT 419.26 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.25 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.13 514.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 464.78 514.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 514.75 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 526.41 514.25 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (28, ) Tj ET Q q 0 0 0 rg BT 64.50 502.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 87.00 502.25 Td (with ) Tj ET Q q 0 0 0 rg BT 107.28 502.25 Td (an ) Tj ET Q q 0 0 0 rg BT 119.22 502.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 145.05 502.25 Td (term ) Tj ET Q q 0 0 0 rg BT 165.87 502.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.70 502.25 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.70 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.20 502.25 Td (months, ) Tj ET Q q 0 0 0 rg BT 223.65 502.25 Td (with ) Tj ET Q q 0 0 0 rg BT 243.93 502.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 284.75 502.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 317.80 502.25 Td (from ) Tj ET Q q 0 0 0 rg BT 339.74 502.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.74 502.25 Td (25,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.24 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.74 502.25 Td (per ) Tj ET Q q 0 0 0 rg BT 390.01 502.25 Td (month ) Tj ET Q q 0 0 0 rg BT 418.06 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.34 502.25 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.34 502.25 Td (37,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.84 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 463.34 502.25 Td (per ) Tj ET Q q 0 0 0 rg BT 478.61 502.25 Td (month.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 485.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 101.25 485.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 142.78 485.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 165.41 485.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 206.37 485.25 Td (under ) Tj ET Q q 0 0 0 rg BT 231.78 485.25 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 294.94 485.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.34 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.42 485.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 381.71 485.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 408.23 485.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.09 485.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 476.81 485.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.81 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 499.46 485.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 539.31 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 485.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 429.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 429.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 429.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 399.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 399.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 399.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 399.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 369.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 369.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 369.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 369.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 339.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 339.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 339.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 339.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 309.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 309.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 309.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 309.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 279.75 375.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 279.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 279.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 279.75 67.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 444.75 m 492 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 444.75 m 563 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 339.75 m 492 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 339.75 m 563 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 339.75 m 563 339.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 325.75 m 563 325.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496 323.75 m 563 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 309.75 m 492 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 279.75 m 492 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 279.75 m 492 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 265.75 m 492 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 263.75 m 492 263.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 448.98 Td (CapitalLeases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.10 448.98 Td (OperatingLeases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.15 433.98 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 419.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.50 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 419.42 Td (633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 419.42 Td (6,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 404.42 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 404.42 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 404.42 Td (10,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 389.42 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 389.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 389.42 Td (10,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 374.42 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 374.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 374.42 Td (10,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 359.42 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 359.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 359.42 Td (10,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 344.42 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 344.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 344.42 Td (45,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.42 Td (Total minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 329.42 Td (720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 329.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 329.42 Td (94,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 314.42 Td (Less amount representing interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 314.47 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 314.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 299.42 Td (Present value of minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 299.42 Td (704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 284.42 Td (Less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 284.47 Td (\(619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 284.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 269.42 Td (Long-term portion of lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.50 269.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 269.42 Td (85) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 238.95 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 114.89 238.95 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 221.95 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 132.28 221.95 Td (for ) Tj ET Q q 0 0 0 rg BT 147.05 221.95 Td (the ) Tj ET Q q 0 0 0 rg BT 162.38 221.95 Td (purchase ) Tj ET Q q 0 0 0 rg BT 201.03 221.95 Td (of ) Tj ET Q q 0 0 0 rg BT 212.47 221.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 250.29 221.95 Td (licenses ) Tj ET Q q 0 0 0 rg BT 285.06 221.95 Td (of ) Tj ET Q q 0 0 0 rg BT 296.50 221.95 Td (third-party ) Tj ET Q q 0 0 0 rg BT 342.38 221.95 Td (software, ) Tj ET Q q 0 0 0 rg BT 382.42 221.95 Td (and ) Tj ET Q q 0 0 0 rg BT 399.97 221.95 Td (construction ) Tj ET Q q 0 0 0 rg BT 452.51 221.95 Td (commitments ) Tj ET Q q 0 0 0 rg BT 510.06 221.95 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.39 221.95 Td ($1) Tj ET Q q 0 0 0 rg BT 550.02 221.95 Td (1.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 209.95 Td ( ) Tj ET Q q 0 0 0 rg BT 80.86 209.95 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.54 209.95 Td (December31, ) Tj ET Q q 0 0 0 rg BT 149.09 209.95 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.09 209.95 Td ( ) Tj ET Q q 0 0 0 rg BT 171.55 209.95 Td (and ) Tj ET Q q 0 0 0 rg BT 188.46 209.95 Td (are ) Tj ET Q q 0 0 0 rg BT 203.13 209.95 Td (to ) Tj ET Q q 0 0 0 rg BT 213.37 209.95 Td (be ) Tj ET Q q 0 0 0 rg BT 225.27 209.95 Td (paid ) Tj ET Q q 0 0 0 rg BT 244.96 209.95 Td (as ) Tj ET Q q 0 0 0 rg BT 255.75 209.95 Td (follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.99 209.95 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 310.96 209.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.85 209.95 Td ( ) Tj ET Q q 0 0 0 rg BT 342.31 209.95 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.56 209.95 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.56 209.95 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.52 209.95 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 397.49 209.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.38 209.95 Td ( ) Tj ET Q q 0 0 0 rg BT 428.84 209.95 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.09 209.95 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.09 209.95 Td ( ) Tj ET Q q 0 0 0 rg BT 461.55 209.95 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.46 209.95 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 498.42 209.95 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.31 209.95 Td ( ) Tj ET Q q 0 0 0 rg BT 529.78 209.95 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 209.95 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 209.95 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 73.50 183.95 Td (Legal ) Tj ET Q q 0 0 0 rg BT 99.33 183.95 Td (Proceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 166.95 Td (From ) Tj ET Q q 0 0 0 rg BT 96.41 166.95 Td (time ) Tj ET Q q 0 0 0 rg BT 116.42 166.95 Td (to ) Tj ET Q q 0 0 0 rg BT 126.44 166.95 Td (time, ) Tj ET Q q 0 0 0 rg BT 148.95 166.95 Td (the ) Tj ET Q q 0 0 0 rg BT 163.41 166.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.53 166.95 Td (is ) Tj ET Q q 0 0 0 rg BT 213.44 166.95 Td (involved ) Tj ET Q q 0 0 0 rg BT 250.67 166.95 Td (in ) Tj ET Q q 0 0 0 rg BT 260.69 166.95 Td (litigation ) Tj ET Q q 0 0 0 rg BT 299.04 166.95 Td (that ) Tj ET Q q 0 0 0 rg BT 316.27 166.95 Td (it ) Tj ET Q q 0 0 0 rg BT 324.07 166.95 Td (believes ) Tj ET Q q 0 0 0 rg BT 359.07 166.95 Td (is ) Tj ET Q q 0 0 0 rg BT 367.98 166.95 Td (of ) Tj ET Q q 0 0 0 rg BT 378.55 166.95 Td (the ) Tj ET Q q 0 0 0 rg BT 393.00 166.95 Td (type ) Tj ET Q q 0 0 0 rg BT 412.46 166.95 Td (common ) Tj ET Q q 0 0 0 rg BT 449.69 166.95 Td (to ) Tj ET Q q 0 0 0 rg BT 459.71 166.95 Td (companies ) Tj ET Q q 0 0 0 rg BT 504.71 166.95 Td (engaged ) Tj ET Q q 0 0 0 rg BT 540.27 166.95 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 166.95 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.95 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 154.95 Td (s ) Tj ET Q q 0 0 0 rg BT 97.77 154.95 Td (line ) Tj ET Q q 0 0 0 rg BT 115.47 154.95 Td (of ) Tj ET Q q 0 0 0 rg BT 126.52 154.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 165.62 154.95 Td (including ) Tj ET Q q 0 0 0 rg BT 206.10 154.95 Td (commercial ) Tj ET Q q 0 0 0 rg BT 256.01 154.95 Td (and ) Tj ET Q q 0 0 0 rg BT 273.16 154.95 Td (employment ) Tj ET Q q 0 0 0 rg BT 325.86 154.95 Td (disputes. ) Tj ET Q q 0 0 0 rg BT 363.26 154.95 Td (As ) Tj ET Q q 0 0 0 rg BT 377.08 154.95 Td (of ) Tj ET Q q 0 0 0 rg BT 388.12 154.95 Td (the ) Tj ET Q q 0 0 0 rg BT 403.05 154.95 Td (date ) Tj ET Q q 0 0 0 rg BT 422.42 154.95 Td (of ) Tj ET Q q 0 0 0 rg BT 433.46 154.95 Td (this ) Tj ET Q q 0 0 0 rg BT 450.02 154.95 Td (Annual ) Tj ET Q q 0 0 0 rg BT 482.17 154.95 Td (Report ) Tj ET Q q 0 0 0 rg BT 512.10 154.95 Td (on ) Tj ET Q q 0 0 0 rg BT 524.81 154.95 Td (Form ) Tj ET Q q 0 0 0 rg BT 549.19 154.95 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.95 Td (K, ) Tj ET Q q 0 0 0 rg BT 61.23 142.95 Td (the ) Tj ET Q q 0 0 0 rg BT 75.45 142.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 116.34 142.95 Td (is ) Tj ET Q q 0 0 0 rg BT 125.01 142.95 Td (not ) Tj ET Q q 0 0 0 rg BT 139.80 142.95 Td (involved ) Tj ET Q q 0 0 0 rg BT 176.79 142.95 Td (in ) Tj ET Q q 0 0 0 rg BT 186.58 142.95 Td (any ) Tj ET Q q 0 0 0 rg BT 203.02 142.95 Td (pending ) Tj ET Q q 0 0 0 rg BT 237.24 142.95 Td (legal ) Tj ET Q q 0 0 0 rg BT 258.68 142.95 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 309.00 142.95 Td (whose ) Tj ET Q q 0 0 0 rg BT 336.56 142.95 Td (outcome ) Tj ET Q q 0 0 0 rg BT 372.99 142.95 Td (the ) Tj ET Q q 0 0 0 rg BT 387.21 142.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 402.39 130.95 Td (is ) Tj ET Q q 0 0 0 rg BT 412.09 130.95 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 469.54 130.95 Td (and ) Tj ET Q q 0 0 0 rg BT 487.00 130.95 Td (excessive ) Tj ET Q q 0 0 0 rg BT 528.35 130.95 Td (verdicts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.95 Td (both ) Tj ET Q q 0 0 0 rg BT 70.00 118.95 Td (in ) Tj ET Q q 0 0 0 rg BT 80.51 118.95 Td (the ) Tj ET Q q 0 0 0 rg BT 95.45 118.95 Td (form ) Tj ET Q q 0 0 0 rg BT 117.62 118.95 Td (of ) Tj ET Q q 0 0 0 rg BT 128.67 118.95 Td (monetary ) Tj ET Q q 0 0 0 rg BT 169.16 118.95 Td (damages ) Tj ET Q q 0 0 0 rg BT 206.87 118.95 Td (and ) Tj ET Q q 0 0 0 rg BT 224.04 118.95 Td (injunctions, ) Tj ET Q q 0 0 0 rg BT 273.71 118.95 Td (could ) Tj ET Q q 0 0 0 rg BT 298.65 118.95 Td (occur) Tj ET Q q 0 0 0 rg BT 320.31 118.95 Td (. ) Tj ET Q q 0 0 0 rg BT 325.53 118.95 Td (In ) Tj ET Q q 0 0 0 rg BT 336.59 118.95 Td (the ) Tj ET Q q 0 0 0 rg BT 351.53 118.95 Td (future, ) Tj ET Q q 0 0 0 rg BT 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106.95 Td (of ) Tj ET Q q 0 0 0 rg BT 426.51 106.95 Td (claims ) Tj ET Q q 0 0 0 rg BT 455.94 106.95 Td (that ) Tj ET Q q 0 0 0 rg BT 474.25 106.95 Td (could ) Tj ET Q q 0 0 0 rg BT 499.80 106.95 Td (have ) Tj ET Q q 0 0 0 rg BT 522.00 106.95 Td (a ) Tj ET Q q 0 0 0 rg BT 529.76 106.95 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.95 Td (adverse ) Tj ET Q q 0 0 0 rg BT 82.54 94.95 Td (ef) Tj ET Q q 0 0 0 rg BT 90.13 94.95 Td (fect ) Tj ET Q q 0 0 0 rg BT 107.61 94.95 Td (on ) Tj ET Q q 0 0 0 rg BT 120.11 94.95 Td (its ) Tj ET Q q 0 0 0 rg BT 132.06 94.95 Td (business.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 670.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.55 670.25 Td (following ) Tj ET Q q 0 0 0 rg BT 131.93 670.25 Td (number ) Tj ET Q q 0 0 0 rg BT 164.98 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.81 670.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 203.30 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.13 670.25 Td (common ) Tj ET Q q 0 0 0 rg BT 251.63 670.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 275.23 670.25 Td (were ) Tj ET Q q 0 0 0 rg BT 297.16 670.25 Td (reserved ) Tj ET Q q 0 0 0 rg BT 333.53 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.47 670.25 Td (available ) Tj ET Q q 0 0 0 rg BT 389.06 670.25 Td (for ) Tj ET Q q 0 0 0 rg BT 403.22 670.25 Td (future ) Tj ET Q q 0 0 0 rg BT 429.59 670.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 465.97 670.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.69 670.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 534.27 670.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.27 670.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 633.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 633.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 633.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 633.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 603.75 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 603.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 603.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 633.75 m 563 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 588.75 m 563 588.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 574.75 m 563 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 572.75 m 563 572.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 638.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.20 645.98 Td (Reserved) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.50 637.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 534.80 637.98 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 624.32 Td (Options and awards granted and outstanding under stock incentive plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 623.42 Td (3,318,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 609.32 Td (Shares available for future grant under the stock incentive plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 608.42 Td (3,828,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 594.32 Td (Shares available under the employee stock purchase plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 593.42 Td (1,398,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 579.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 578.42 Td (8,545,289) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 548.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 86.78 548.25 Td (Of) Tj ET Q q 0 0 0 rg BT 97.15 548.25 Td (fering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 527.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.44 527.25 Td (August ) Tj ET Q q 0 0 0 rg BT 116.68 527.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.68 527.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.53 527.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.09 527.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.33 527.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 245.33 527.25 Td (a ) Tj ET Q q 0 0 0 rg BT 253.12 527.25 Td (public ) Tj ET Q q 0 0 0 rg BT 281.46 527.25 Td (of) Tj ET Q q 0 0 0 rg BT 289.61 527.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 316.83 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.51 527.25 Td (common ) Tj ET Q q 0 0 0 rg BT 366.86 527.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 391.31 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.10 527.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 429.12 527.25 Td (a ) Tj ET Q q 0 0 0 rg BT 436.91 527.25 Td (total ) Tj ET Q q 0 0 0 rg BT 458.03 527.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.71 527.25 Td (3,162,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.71 527.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.06 527.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 541.39 527.25 Td (of ) Tj ET Q q 0 0 0 rg BT 553.07 527.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td (common ) Tj ET Q q 0 0 0 rg BT 87.78 515.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 112.17 515.25 Td (for ) Tj ET Q q 0 0 0 rg BT 127.11 515.25 Td (total ) Tj ET Q q 0 0 0 rg BT 148.17 515.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.22 515.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 208.04 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.65 515.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.69 515.25 Td ($271.4 ) Tj ET Q q 0 0 0 rg BT 311.48 515.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.37 515.25 Td (, ) Tj ET Q q 0 0 0 rg BT 346.15 515.25 Td (net ) Tj ET Q q 0 0 0 rg BT 361.65 515.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.26 515.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 428.20 515.25 Td (discounts, ) Tj ET Q q 0 0 0 rg BT 471.76 515.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.48 515.25 Td (of) Tj ET Q q 0 0 0 rg BT 497.63 515.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 524.79 515.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 548.07 515.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.10 503.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.93 503.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.19 503.25 Td ($13.2 ) Tj ET Q q 0 0 0 rg BT 184.19 503.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.08 503.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 477.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 86.78 477.25 Td (Repurchase ) Tj ET Q q 0 0 0 rg BT 138.17 477.25 Td (Program) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 460.25 Td (In ) Tj ET Q q 0 0 0 rg BT 83.85 460.25 Td (May ) Tj ET Q q 0 0 0 rg BT 105.20 460.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 130.72 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.96 460.25 Td (board ) Tj ET Q q 0 0 0 rg BT 171.75 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.10 460.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 221.10 460.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 261.33 460.25 Td (a ) Tj ET Q q 0 0 0 rg BT 268.79 460.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 315.11 460.25 Td (program ) Tj ET Q q 0 0 0 rg BT 352.01 460.25 Td (authorizing ) Tj ET Q q 0 0 0 rg BT 400.57 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.37 460.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 457.70 460.25 Td (up ) Tj ET Q q 0 0 0 rg BT 470.72 460.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.51 460.25 Td ($75.0 ) Tj ET Q q 0 0 0 rg BT 507.03 460.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.93 460.25 Td ( ) Tj ET Q q 0 0 0 rg BT 538.95 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 460.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 448.25 Td (s ) Tj ET Q q 0 0 0 rg BT 97.61 448.25 Td (common ) Tj ET Q q 0 0 0 rg BT 135.16 448.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 158.82 448.25 Td (over ) Tj ET Q q 0 0 0 rg BT 179.14 448.25 Td (a ) Tj ET Q q 0 0 0 rg BT 186.14 448.25 Td (36-month ) Tj ET Q q 0 0 0 rg BT 227.58 448.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 257.61 448.25 Td (As ) Tj ET Q q 0 0 0 rg BT 271.28 448.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.16 448.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 340.80 448.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 448.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.86 448.25 Td ($42.8 ) Tj ET Q q 0 0 0 rg BT 390.91 448.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.80 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 422.35 448.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 462.11 448.25 Td (available ) Tj ET Q q 0 0 0 rg BT 500.75 448.25 Td (for ) Tj ET Q q 0 0 0 rg BT 514.97 448.25 Td (future ) Tj ET Q q 0 0 0 rg BT 541.40 448.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 99.20 436.25 Td (under ) Tj ET Q q 0 0 0 rg BT 124.47 436.25 Td (this ) Tj ET Q q 0 0 0 rg BT 141.41 436.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 187.22 436.25 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 419.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.55 419.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.93 419.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 182.74 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.46 419.25 Td (following ) Tj ET Q q 0 0 0 rg BT 238.84 419.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 266.33 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.16 419.25 Td (common ) Tj ET Q q 0 0 0 rg BT 314.66 419.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 338.27 419.25 Td (under ) Tj ET Q q 0 0 0 rg BT 363.54 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.25 419.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 424.06 419.25 Td (program:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 48.00 352.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 352.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 352.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 352.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 352.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 352.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 367.75 m 413 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 367.75 m 487 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 367.75 m 561 367.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.00 379.98 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.10 371.98 Td (Repurchased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.55 387.98 Td (Weighted Average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.90 379.98 Td (Purchase Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.85 371.98 Td (per Share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.95 371.98 Td (Total Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.15 356.98 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 342.42 Td (Year Ended 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 342.42 Td (8,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.50 342.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 342.42 Td (79.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 342.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.15 342.42 Td (663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 328.32 Td (Year Ended 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 327.42 Td (503,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.50 327.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 327.42 Td (62.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.50 327.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 327.42 Td (31,530) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 306.25 Td (For ) Tj ET Q q 0 0 0 rg BT 88.89 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.61 306.25 Td (year ) Tj ET Q q 0 0 0 rg BT 123.32 306.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 149.69 306.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 174.69 306.25 Td (there ) Tj ET Q q 0 0 0 rg BT 197.18 306.25 Td (were ) Tj ET Q q 0 0 0 rg BT 219.11 306.25 Td (no ) Tj ET Q q 0 0 0 rg BT 231.61 306.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 259.10 306.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 309.90 306.25 Td (under ) Tj ET Q q 0 0 0 rg BT 335.17 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.89 306.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 395.69 306.25 Td (program.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 280.25 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.34 280.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.34 280.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 131.74 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.36 280.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 176.76 280.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 218.69 280.25 Td (Plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.03 280.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 263.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.24 263.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.32 263.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 178.37 263.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 227.77 263.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 285.51 263.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 319.91 263.25 Td (related ) Tj ET Q q 0 0 0 rg BT 349.30 263.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.27 263.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 389.78 263.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 421.96 263.25 Td (under ) Tj ET Q q 0 0 0 rg BT 446.92 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.33 263.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 483.52 263.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 506.00 263.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.40 263.25 Td (201) Tj ET Q q 0 0 0 rg BT 535.03 263.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 542.23 263.25 Td (Plan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 251.25 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.12 251.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 225.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 84.00 225.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 109.28 225.25 Td (Option ) Tj ET Q q 0 0 0 rg BT 140.12 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.18 225.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 199.00 225.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 220.95 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.01 225.25 Td (201) Tj ET Q q 0 0 0 rg BT 253.46 225.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 260.96 225.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 290.69 225.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 331.14 225.25 Td (A) Tj ET Q q 0 0 0 rg BT 337.07 225.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 360.13 225.25 Td (Plan) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 199.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 97.66 199.25 Td (Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 182.25 Td (In ) Tj ET Q q 0 0 0 rg BT 84.86 182.25 Td (March201) Tj ET Q q 0 0 0 rg BT 128.09 182.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 138.62 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.86 182.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 195.78 182.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 230.46 182.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.71 182.25 Td (201) Tj ET Q q 0 0 0 rg BT 260.33 182.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 268.36 182.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.14 182.25 Td (, ) Tj ET Q q 0 0 0 rg BT 291.67 182.25 Td (which ) Tj ET Q q 0 0 0 rg BT 319.14 182.25 Td (was ) Tj ET Q q 0 0 0 rg BT 337.72 182.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 377.95 182.25 Td (by ) Tj ET Q q 0 0 0 rg BT 390.98 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.23 182.25 Td (Company) Tj ET Q q 0 0 0 rg BT 447.89 182.25 Td (s ) Tj ET Q q 0 0 0 rg BT 454.81 182.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 508.39 182.25 Td (on ) Tj ET Q q 0 0 0 rg BT 521.42 182.25 Td (March24, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (201) Tj ET Q q 0 0 0 rg BT 64.13 170.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 74.67 170.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 102.71 170.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.97 170.25 Td (201) Tj ET Q q 0 0 0 rg BT 132.60 170.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 140.64 170.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.42 170.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.97 170.25 Td (2,666,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.97 170.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.01 170.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.04 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.42 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.68 170.25 Td (Company) Tj ET Q q 0 0 0 rg BT 303.35 170.25 Td (s ) Tj ET Q q 0 0 0 rg BT 310.28 170.25 Td (common ) Tj ET Q q 0 0 0 rg BT 348.32 170.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 372.47 170.25 Td (were ) Tj ET Q q 0 0 0 rg BT 394.95 170.25 Td (initially ) Tj ET Q q 0 0 0 rg BT 429.10 170.25 Td (reserved. ) Tj ET Q q 0 0 0 rg BT 467.84 170.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 488.11 170.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.14 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.51 170.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 74.54 158.25 Td (that ) Tj ET Q q 0 0 0 rg BT 93.46 158.25 Td (were ) Tj ET Q q 0 0 0 rg BT 116.81 158.25 Td (available ) Tj ET Q q 0 0 0 rg BT 156.83 158.25 Td (for ) Tj ET Q q 0 0 0 rg BT 172.42 158.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 210.22 158.25 Td (under ) Tj ET Q q 0 0 0 rg BT 236.92 158.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 260.28 158.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 287.82 158.25 Td (including ) Tj ET Q q 0 0 0 rg BT 329.52 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.66 158.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 369.59 158.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 393.80 158.25 Td (were ) Tj ET Q q 0 0 0 rg BT 417.15 158.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 464.39 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.09 158.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.23 158.25 Td (201) Tj ET Q q 0 0 0 rg BT 506.86 158.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 515.79 158.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.57 158.25 Td (. ) Tj ET Q q 0 0 0 rg BT 539.13 158.25 Td (As ) Tj ET Q q 0 0 0 rg BT 554.17 158.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.86 146.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.86 146.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 442.6 m 443 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 440.6 m 443 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 442.6 m 503 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 440.6 m 503 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 442.6 m 563 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 440.6 m 563 440.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.00 691.83 Td (Number) Tj ET Q q 0 0 0 rg BT 364.30 691.83 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.00 683.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 359.30 683.83 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.25 707.83 Td (W) Tj ET Q q 0 0 0 rg BT 405.81 707.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.55 699.83 Td (A) Tj ET Q q 0 0 0 rg BT 405.73 699.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.10 691.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 416.39 691.83 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.60 683.83 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.25 715.83 Td (W) Tj ET Q q 0 0 0 rg BT 465.81 715.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.55 707.83 Td (A) Tj ET Q q 0 0 0 rg BT 465.73 707.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.80 699.83 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.80 691.83 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.30 683.83 Td (T) Tj ET Q q 0 0 0 rg BT 469.90 683.83 Td (erm) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 699.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 534.18 699.83 Td (egate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.80 691.83 Td (Intrinsic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.85 683.83 Td (V) Tj ET Q q 0 0 0 rg BT 529.89 683.83 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 670.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.50 670.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.50 670.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.35 670.83 Td (\(in years\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.15 670.83 Td (\(inthousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 657.17 Td (Outstanding at December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 656.27 Td (3,284,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 656.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 656.27 Td (11.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 642.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 641.27 Td (904,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 641.27 Td (28.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 627.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 626.32 Td (\(1,048,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 626.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 626.27 Td (7.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 612.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 611.32 Td (\(90,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 611.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 611.27 Td (22.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 597.17 Td (Outstanding at December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 596.27 Td (3,050,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 596.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 596.27 Td (17.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 582.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 581.27 Td (385,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 581.27 Td (55.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 567.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 566.32 Td (\(822,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 566.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 566.27 Td (12.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 552.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 551.32 Td (\(98,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 551.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 551.27 Td (30.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 537.17 Td (Outstanding at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 536.27 Td (2,515,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 536.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 536.27 Td (24.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 522.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 521.27 Td (14,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 521.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 521.27 Td (59.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 507.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 506.32 Td (\(584,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 506.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 506.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 506.27 Td (18.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 492.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 491.32 Td (\(59,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 491.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 491.27 Td (37.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 477.17 Td (Outstanding at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 476.27 Td (1,885,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 476.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 476.27 Td (26.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 476.27 Td (6.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 476.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 476.27 Td (108,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 462.17 Td (Ending vested and expected to vest at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 461.27 Td (1,865,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 461.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 461.27 Td (26.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 461.27 Td (6.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 461.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 461.27 Td (107,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 447.17 Td (Exercisable at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 446.27 Td (1,401,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.50 446.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 446.27 Td (21.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 446.27 Td (5.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 446.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 446.27 Td (87,007) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.31 425.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 132.45 425.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 167.49 425.10 Td (value ) Tj ET Q q 0 0 0 rg BT 191.41 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.01 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.49 425.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 239.87 425.10 Td (options ) Tj ET Q q 0 0 0 rg BT 271.59 425.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 320.52 425.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 425.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 388.36 425.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.36 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.62 425.10 Td (based ) Tj ET Q q 0 0 0 rg BT 435.66 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.93 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.41 425.10 Td (Company) Tj ET Q q 0 0 0 rg BT 504.08 425.10 Td (s ) Tj ET Q q 0 0 0 rg BT 510.24 425.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 541.39 425.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (price ) Tj ET Q q 0 0 0 rg BT 71.68 413.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.21 413.10 Td ($83.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.71 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.91 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 120.77 413.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 161.29 413.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 189.86 413.10 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 225.38 413.10 Td (value ) Tj ET Q q 0 0 0 rg BT 249.24 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.76 413.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.40 413.10 Td (option ) Tj ET Q q 0 0 0 rg BT 299.15 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 308.02 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.43 413.10 Td (dif) Tj ET Q q 0 0 0 rg BT 333.36 413.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 364.97 413.10 Td (between ) Tj ET Q q 0 0 0 rg BT 400.49 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.90 413.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 430.97 413.10 Td (value ) Tj ET Q q 0 0 0 rg BT 454.83 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.35 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.77 413.10 Td (Company) Tj ET Q q 0 0 0 rg BT 521.43 413.10 Td (s ) Tj ET Q q 0 0 0 rg BT 527.52 413.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.27 401.10 Td (at ) Tj ET Q q 0 0 0 rg BT 83.15 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.03 401.10 Td (time ) Tj ET Q q 0 0 0 rg BT 118.47 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.46 401.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 164.88 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.98 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.86 401.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 232.28 401.10 Td (price ) Tj ET Q q 0 0 0 rg BT 254.93 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.37 401.10 Td (be ) Tj ET Q q 0 0 0 rg BT 277.47 401.10 Td (paid. ) Tj ET Q q 0 0 0 rg BT 299.85 401.10 Td (Options ) Tj ET Q q 0 0 0 rg BT 334.19 401.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 383.52 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 401.17 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.05 401.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 454.24 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.68 401.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 483.46 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 498.33 401.10 Td (net ) Tj ET Q q 0 0 0 rg BT 513.21 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.20 401.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.33 389.10 Td (forfeitures. ) Tj ET Q q 0 0 0 rg BT 123.43 389.10 Td (For ) Tj ET Q q 0 0 0 rg BT 140.27 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.44 389.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 192.28 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.56 389.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 227.62 389.10 Td (options ) Tj ET Q q 0 0 0 rg BT 260.02 389.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 312.14 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.31 389.10 Td (options ) Tj ET Q q 0 0 0 rg BT 359.71 389.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 378.78 389.10 Td (over ) Tj ET Q q 0 0 0 rg BT 399.50 389.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.89 389.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.35 389.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 446.84 389.10 Td (period ) Tj ET Q q 0 0 0 rg BT 475.34 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.73 389.10 Td (have ) Tj ET Q q 0 0 0 rg BT 514.56 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 521.95 389.10 Td (maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 96.42 377.10 Td (term ) Tj ET Q q 0 0 0 rg BT 117.24 377.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.07 377.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.29 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.79 377.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 360.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 117.12 360.10 Td (is ) Tj ET Q q 0 0 0 rg BT 126.29 360.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 168.78 360.10 Td (information ) Tj ET Q q 0 0 0 rg BT 218.49 360.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 261.53 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.81 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.53 360.10 Td (Company) Tj ET Q q 0 0 0 rg BT 328.19 360.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.58 360.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 358.19 360.10 Td (option ) Tj ET Q q 0 0 0 rg BT 386.25 360.10 Td (activity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 303.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 303.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 303.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 303.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 303.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 303.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 273.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 273.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 273.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 273.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 273.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 273.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 331.6 m 449 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 331.6 m 453 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 331.6 m 506 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 331.6 m 510 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 331.6 m 563 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 316.6 m 449 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 316.6 m 506 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 331.6 m 563 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 316.6 m 563 316.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 335.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 335.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 321.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 321.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 320.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 320.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 320.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 307.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.55 307.83 Td (\(in thousands except for per option data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 294.17 Td (Weighted average fair value per option granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 293.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 293.27 Td (27.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 293.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 293.27 Td (26.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 293.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 293.27 Td (14.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.17 Td (Grant-date fair value of options vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 278.27 Td (8,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 278.27 Td (8,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 278.27 Td (6,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 264.17 Td (Intrinsic value of options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 263.27 Td (39,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 263.27 Td (38,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 263.27 Td (26,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 249.17 Td (Proceeds received from options exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 248.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 248.27 Td (10,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 248.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 248.27 Td (10,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 248.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 248.27 Td (7,537) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 227.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.58 227.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.91 227.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.87 227.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 154.92 227.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.92 227.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.38 227.10 Td (total ) Tj ET Q q 0 0 0 rg BT 199.12 227.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 254.94 227.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 304.11 227.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 361.62 227.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 395.79 227.10 Td (related ) Tj ET Q q 0 0 0 rg BT 424.95 227.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.69 227.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 472.20 227.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 495.27 227.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 529.18 227.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 215.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 104.48 215.10 Td (forfeitures, ) Tj ET Q q 0 0 0 rg BT 151.13 215.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.68 215.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.18 215.10 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 189.18 215.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.07 215.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.57 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.51 215.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.68 215.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 284.71 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.99 215.10 Td (be ) Tj ET Q q 0 0 0 rg BT 306.93 215.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 353.29 215.10 Td (over ) Tj ET Q q 0 0 0 rg BT 373.56 215.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.50 215.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 419.65 215.10 Td (average ) Tj ET Q q 0 0 0 rg BT 453.24 215.10 Td (period ) Tj ET Q q 0 0 0 rg BT 481.28 215.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.61 215.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.11 215.10 Td (1.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.61 215.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.11 215.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 189.10 Td (Restricted Stock Units, Performance-V) Tj ET Q q 0 0 0 rg BT 227.90 189.10 Td (esting Restricted Stock Units, and Performance ) Tj ET Q q 0 0 0 rg BT 420.18 189.10 Td (A) Tj ET Q q 0 0 0 rg BT 425.74 189.10 Td (war) Tj ET Q q 0 0 0 rg BT 440.93 189.10 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 172.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.33 172.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.48 172.10 Td (value ) Tj ET Q q 0 0 0 rg BT 131.42 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.03 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.53 172.10 Td (Company) Tj ET Q q 0 0 0 rg BT 198.19 172.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.36 172.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.71 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.99 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.71 172.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 299.57 172.10 Td (A) Tj ET Q q 0 0 0 rg BT 305.87 172.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 332.03 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.98 172.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 381.58 172.10 Td (based ) Tj ET Q q 0 0 0 rg BT 406.63 172.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 428.91 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.41 172.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 474.57 172.10 Td (price ) Tj ET Q q 0 0 0 rg BT 496.84 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.45 172.10 Td (its ) Tj ET Q q 0 0 0 rg BT 519.18 172.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.50 160.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 109.61 160.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.94 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.27 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.49 160.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 167.03 160.10 Td (date ) Tj ET Q q 0 0 0 rg BT 185.69 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.13 160.10 Td (is ) Tj ET Q q 0 0 0 rg BT 210.80 160.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 256.66 160.10 Td (over ) Tj ET Q q 0 0 0 rg BT 276.43 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.65 160.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 321.54 160.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 344.36 160.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 368.59 160.10 Td (vesting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.97 160.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.32 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.32 160.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 459.31 160.10 Td (into ) Tj ET Q q 0 0 0 rg BT 476.86 160.10 Td (an ) Tj ET Q q 0 0 0 rg BT 488.30 160.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 531.96 160.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.52 148.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 88.21 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.23 148.10 Td (common ) Tj ET Q q 0 0 0 rg BT 136.92 148.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 163.22 148.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 206.45 148.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 234.14 148.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 252.94 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.41 148.10 Td (full ) Tj ET Q q 0 0 0 rg BT 279.99 148.10 Td (after) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.80 148.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.46 148.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 346.06 148.10 Td (The ) Tj ET Q q 0 0 0 rg BT 364.30 148.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 405.31 148.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 421.88 148.10 Td (value ) Tj ET Q q 0 0 0 rg BT 446.23 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.25 148.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 497.15 148.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 524.83 148.10 Td (under ) Tj ET Q q 0 0 0 rg BT 550.29 148.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.66 136.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 122.35 136.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 147.05 136.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.30 136.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 205.86 136.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.45 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.25 136.10 Td (product ) Tj ET Q q 0 0 0 rg BT 269.38 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.29 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.09 136.10 Td (number ) Tj ET Q q 0 0 0 rg BT 331.22 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.13 136.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 371.70 136.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 405.27 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.29 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.09 136.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 463.22 136.10 Td (date ) Tj ET Q q 0 0 0 rg BT 483.46 136.10 Td (market ) Tj ET Q q 0 0 0 rg BT 514.81 136.10 Td (price ) Tj ET Q q 0 0 0 rg BT 538.38 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 136.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.36 124.10 Td (common ) Tj ET Q q 0 0 0 rg BT 135.64 124.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 162.29 124.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.12 124.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 222.73 124.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 239.89 124.10 Td (value ) Tj ET Q q 0 0 0 rg BT 264.82 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.44 124.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 316.92 124.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 345.20 124.10 Td (is ) Tj ET Q q 0 0 0 rg BT 355.15 124.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 395.64 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 408.92 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.64 124.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 468.24 124.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 491.53 124.10 Td (over ) Tj ET Q q 0 0 0 rg BT 512.58 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.08 124.10 Td (requisite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (service ) Tj ET Q q 0 0 0 rg BT 80.32 112.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 95.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 126.26 95.10 Td (A) Tj ET Q q 0 0 0 rg BT 132.57 95.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.45 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.61 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.20 95.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 260.09 95.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 285.60 95.10 Td (are ) Tj ET Q q 0 0 0 rg BT 299.96 95.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 332.10 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.03 95.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 371.39 95.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 415.75 95.10 Td (under ) Tj ET Q q 0 0 0 rg BT 440.67 95.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.05 95.10 Td (201) Tj ET Q q 0 0 0 rg BT 469.67 95.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 476.83 95.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.61 95.10 Td (, ) Tj ET Q q 0 0 0 rg BT 499.26 95.10 Td (which ) Tj ET Q q 0 0 0 rg BT 525.86 95.10 Td (represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.76 83.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.14 83.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 155.18 83.10 Td (issuable ) Tj ET Q q 0 0 0 rg BT 189.66 83.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.71 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.19 83.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 242.84 83.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 296.19 83.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 319.57 83.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 350.15 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.86 83.10 Td (units ) Tj ET Q q 0 0 0 rg BT 388.58 83.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 406.95 83.10 Td (over ) Tj ET Q q 0 0 0 rg BT 426.99 83.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.70 83.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.16 83.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 472.96 83.10 Td (period ) Tj ET Q q 0 0 0 rg BT 500.78 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.48 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.97 83.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.32 71.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 87.81 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.08 71.10 Td (be ) Tj ET Q q 0 0 0 rg BT 110.01 71.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 146.38 71.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.54 71.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 203.01 71.10 Td (based ) Tj ET Q q 0 0 0 rg BT 228.28 71.10 Td (on ) Tj ET Q q 0 0 0 rg BT 240.77 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.48 71.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 308.50 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.33 71.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 352.92 71.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 405.93 71.10 Td (goals. ) Tj ET Q q 0 0 0 rg BT 432.03 71.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 458.97 71.10 Td (on ) Tj ET Q q 0 0 0 rg BT 471.46 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.17 71.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 513.10 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.37 71.10 Td (which ) Tj ET Q q 0 0 0 rg BT 550.30 71.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.10 Td (tar) Tj ET Q q 0 0 0 rg BT 59.87 59.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 79.06 59.10 Td (are ) Tj ET Q q 0 0 0 rg BT 94.35 59.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 132.96 59.10 Td (at ) Tj ET Q q 0 0 0 rg BT 143.26 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.56 59.10 Td (end ) Tj ET Q q 0 0 0 rg BT 176.08 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.49 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.79 59.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 256.40 59.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 287.53 59.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 316.16 59.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 344.23 59.10 Td (may ) Tj ET Q q 0 0 0 rg BT 364.53 59.10 Td (range ) Tj ET Q q 0 0 0 rg BT 389.82 59.10 Td (from) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.76 59.10 Td (0 ) Tj ET Q q 0 0 0 rg BT 419.84 59.10 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.26 59.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.35 59.10 Td (to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.62 59.10 Td (200 ) Tj ET Q q 0 0 0 rg BT 480.71 59.10 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.13 59.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.21 59.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.63 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.92 59.10 Td (tar) Tj ET Q q 0 0 0 rg BT 550.29 59.10 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 47.10 Td (award ) Tj ET Q q 0 0 0 rg BT 75.79 47.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 110.01 47.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.41 47.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 143.15 47.10 Td (value ) Tj ET Q q 0 0 0 rg BT 166.66 47.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.85 47.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 229.23 47.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.19 47.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 282.37 47.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.67 47.10 Td (units ) Tj ET Q q 0 0 0 rg BT 319.97 47.10 Td (is ) Tj ET Q q 0 0 0 rg BT 328.50 47.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 375.34 47.10 Td (by ) Tj ET Q q 0 0 0 rg BT 387.20 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.27 47.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 423.68 47.10 Td (date ) Tj ET Q q 0 0 0 rg BT 442.19 47.10 Td (market ) Tj ET Q q 0 0 0 rg BT 471.81 47.10 Td (price ) Tj ET Q q 0 0 0 rg BT 493.66 47.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.84 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.92 47.10 Td (Company's ) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.90 740.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 112.91 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.75 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.37 740.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 202.31 740.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 236.92 740.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 280.42 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 300.60 740.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 343.55 740.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 396.47 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 419.98 740.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 450.71 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.55 740.10 Td (units ) Tj ET Q q 0 0 0 rg BT 489.40 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 498.47 740.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 544.73 740.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.67 728.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 100.05 728.10 Td (service ) Tj ET Q q 0 0 0 rg BT 130.32 728.10 Td (period ) Tj ET Q q 0 0 0 rg BT 157.82 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.21 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.83 728.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 225.88 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 237.83 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.00 728.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 298.53 728.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 333.25 728.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 379.64 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.92 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.09 728.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 449.92 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.21 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.38 728.10 Td (tar) Tj ET Q q 0 0 0 rg BT 484.74 728.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 502.80 728.10 Td (being ) Tj ET Q q 0 0 0 rg BT 526.97 728.10 Td (achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.84 716.10 Td (its ) Tj ET Q q 0 0 0 rg BT 79.19 716.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 115.41 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.63 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.75 716.10 Td (number ) Tj ET Q q 0 0 0 rg BT 175.20 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.43 716.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 214.32 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.21 716.10 Td (will ) Tj ET Q q 0 0 0 rg BT 250.67 716.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 294.11 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 306.45 716.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 336.85 716.10 Td (During ) Tj ET Q q 0 0 0 rg BT 368.08 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.20 716.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 407.75 716.10 Td (years ) Tj ET Q q 0 0 0 rg BT 431.75 716.10 Td (endedDecember ) Tj ET Q q 0 0 0 rg BT 502.11 716.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 517.51 716.10 Td (2016,2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (and2014, ) Tj ET Q q 0 0 0 rg BT 91.13 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.53 704.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 146.61 704.10 Td (recognized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.97 704.10 Td ($8.3 ) Tj ET Q q 0 0 0 rg BT 212.66 704.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.55 704.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.55 704.10 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 266.24 704.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.13 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 299.82 704.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.76 704.10 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 336.45 704.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.34 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.36 704.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 436.09 704.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 472.99 704.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 520.65 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 525.34 704.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.73 704.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 692.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 125.57 692.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 149.18 692.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 180.00 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.94 692.10 Td (units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 675.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.99 675.10 Td (October ) Tj ET Q q 0 0 0 rg BT 120.35 675.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 146.00 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.94 675.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 203.97 675.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.90 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.27 675.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 287.31 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.80 675.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 340.83 675.10 Td (Returns, ) Tj ET Q q 0 0 0 rg BT 377.59 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.97 675.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 435.01 675.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 464.81 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.74 675.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 499.45 675.10 Td (up ) Tj ET Q q 0 0 0 rg BT 512.60 675.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.54 675.10 Td (29,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.04 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.19 675.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 135.71 663.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 162.53 663.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.66 663.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.57 663.10 Td (total ) Tj ET Q q 0 0 0 rg BT 206.81 663.10 Td (value ) Tj ET Q q 0 0 0 rg BT 231.94 663.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.74 663.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 264.71 663.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.60 663.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.07 663.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.32 663.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.01 663.10 Td (former ) Tj ET Q q 0 0 0 rg BT 354.68 663.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 380.37 663.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 423.82 663.10 Td (Of) Tj ET Q q 0 0 0 rg BT 434.19 663.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 455.98 663.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.78 663.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 510.13 663.10 Td (Returns. ) Tj ET Q q 0 0 0 rg BT 546.96 663.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 651.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 135.14 651.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 161.39 651.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 194.29 651.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 233.84 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.96 651.10 Td (right ) Tj ET Q q 0 0 0 rg BT 270.75 651.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.43 651.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 313.20 651.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 341.10 651.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.33 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.45 651.10 Td (Company) Tj ET Q q 0 0 0 rg BT 409.12 651.10 Td (s ) Tj ET Q q 0 0 0 rg BT 415.92 651.10 Td (common ) Tj ET Q q 0 0 0 rg BT 453.82 651.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 477.83 651.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 500.74 651.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 554.17 651.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.54 639.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 132.90 639.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 164.05 639.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.32 639.10 Td (a ) Tj ET Q q 0 0 0 rg BT 188.60 639.10 Td (service ) Tj ET Q q 0 0 0 rg BT 219.75 639.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 270.90 639.10 Td (during ) Tj ET Q q 0 0 0 rg BT 299.84 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.90 639.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 368.25 639.10 Td (period ) Tj ET Q q 0 0 0 rg BT 396.64 639.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.81 639.10 Td (October ) Tj ET Q q 0 0 0 rg BT 442.85 639.10 Td (23, ) Tj ET Q q 0 0 0 rg BT 458.19 639.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 481.02 639.10 Td (through ) Tj ET Q q 0 0 0 rg BT 514.97 639.10 Td (October ) Tj ET Q q 0 0 0 rg BT 550.01 639.10 Td (23, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 74.90 627.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.57 627.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 179.44 627.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 205.91 627.10 Td (will ) Tj ET Q q 0 0 0 rg BT 224.59 627.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 243.83 627.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 281.39 627.10 Td (based ) Tj ET Q q 0 0 0 rg BT 307.28 627.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.41 627.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.75 627.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 389.41 627.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.86 627.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.21 627.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 469.86 627.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 501.29 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.86 627.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.20 627.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (requirement. ) Tj ET Q q 0 0 0 rg BT 103.42 615.10 Td (In ) Tj ET Q q 0 0 0 rg BT 114.86 615.10 Td (December ) Tj ET Q q 0 0 0 rg BT 159.06 615.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 184.67 615.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.22 615.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 246.43 615.10 Td (was ) Tj ET Q q 0 0 0 rg BT 265.10 615.10 Td (made ) Tj ET Q q 0 0 0 rg BT 289.86 615.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.75 615.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.30 615.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 361.94 615.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 393.36 615.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.80 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.13 615.10 Td (award ) Tj ET Q q 0 0 0 rg BT 447.67 615.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.56 615.10 Td (align ) Tj ET Q q 0 0 0 rg BT 481.67 615.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 511.98 615.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 81.85 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.54 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.66 603.10 Td (Company) Tj ET Q q 0 0 0 rg BT 149.33 603.10 Td (s ) Tj ET Q q 0 0 0 rg BT 156.13 603.10 Td (tar) Tj ET Q q 0 0 0 rg BT 166.50 603.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 187.81 603.10 Td (The ) Tj ET Q q 0 0 0 rg BT 206.27 603.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 260.28 603.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 294.84 603.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.53 603.10 Td (an ) Tj ET Q q 0 0 0 rg BT 317.88 603.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 367.99 603.10 Td (value ) Tj ET Q q 0 0 0 rg BT 392.56 603.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.80 603.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.47 603.10 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 484.88 603.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.77 603.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.69 603.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.59 603.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 603.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 591.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 94.86 591.10 Td (over ) Tj ET Q q 0 0 0 rg BT 114.13 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.85 591.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.89 591.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 205.83 591.10 Td (period; ) Tj ET Q q 0 0 0 rg BT 235.65 591.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 278.25 591.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.75 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.46 591.10 Td (Company) Tj ET Q q 0 0 0 rg BT 345.13 591.10 Td (s ) Tj ET Q q 0 0 0 rg BT 350.52 591.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 384.78 591.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 430.72 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.55 591.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.27 591.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 499.65 591.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.48 591.10 Td (achievement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 574.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 574.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 574.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 205.13 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 574.10 Td (Company) Tj ET Q q 0 0 0 rg BT 261.51 574.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.90 574.10 Td (RSU, ) Tj ET Q q 0 0 0 rg BT 292.36 574.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 345.39 574.10 Td (A) Tj ET Q q 0 0 0 rg BT 351.69 574.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 374.18 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.12 574.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 476.36 574.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 498.31 574.10 Td (activity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 492.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 492.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 492.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 492.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 492.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 462.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 462.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 462.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 462.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 462.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 462.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 462.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 462.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 432.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 432.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 432.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 432.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 432.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 402.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 402.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 402.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 402.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 402.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 402.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 372.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 372.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 372.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 372.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 372.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 372.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 342.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 342.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 342.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 342.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 342.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 342.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 312.60 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.00 312.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 312.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.00 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 312.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 312.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 312.60 49.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 537.6 m 404 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404 537.6 m 408 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 537.6 m 457 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 537.6 m 510 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 537.6 m 514 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 537.6 m 563 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 492.6 m 404 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 492.6 m 457 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 492.6 m 510 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 492.6 m 563 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 432.6 m 404 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 432.6 m 457 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 432.6 m 510 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 432.6 m 563 432.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 372.6 m 404 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 372.6 m 457 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 372.6 m 510 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 372.6 m 563 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 312.6 m 404 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 298.6 m 404 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 296.6 m 404 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 312.6 m 510 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 298.6 m 510 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 296.6 m 510 296.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 283.6 m 404 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 281.6 m 404 281.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 283.6 m 510 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461 281.6 m 510 281.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 541.83 Td (RSUs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.00 549.83 Td (Performance Awards and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.60 541.83 Td (performance-vesting RSUs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 360.50 504.83 Td (Number) Tj ET Q q 0 0 0 rg BT 388.80 504.83 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.50 496.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 383.80 496.83 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.75 528.83 Td (W) Tj ET Q q 0 0 0 rg BT 423.31 528.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.05 520.83 Td (A) Tj ET Q q 0 0 0 rg BT 423.23 520.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.55 512.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.15 504.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 428.67 504.83 Td ( ) Tj ET Q q 0 0 0 rg BT 430.52 504.83 Td (V) Tj ET Q q 0 0 0 rg BT 435.56 504.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.15 496.83 Td (Per) Tj ET Q q 0 0 0 rg BT 426.99 496.83 Td ( Shar) Tj ET Q q 0 0 0 rg BT 445.30 496.83 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.50 504.83 Td (Number) Tj ET Q q 0 0 0 rg BT 494.80 504.83 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.50 496.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 489.80 496.83 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.75 528.83 Td (W) Tj ET Q q 0 0 0 rg BT 529.31 528.83 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.05 520.83 Td (A) Tj ET Q q 0 0 0 rg BT 529.23 520.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.55 512.83 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.15 504.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 534.67 504.83 Td ( ) Tj ET Q q 0 0 0 rg BT 536.52 504.83 Td (V) Tj ET Q q 0 0 0 rg BT 541.56 504.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.15 496.83 Td (Per) Tj ET Q q 0 0 0 rg BT 532.99 496.83 Td ( Shar) Tj ET Q q 0 0 0 rg BT 551.30 496.83 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 483.17 Td (Outstanding at December 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 482.27 Td (257,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 482.27 Td (23.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 482.27 Td (565,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 482.27 Td (24.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 468.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 467.27 Td (525,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 467.27 Td (28.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 467.27 Td (155,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 467.27 Td (24.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 453.17 Td (Released) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 452.32 Td (\(84,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 452.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 452.27 Td (22.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 452.32 Td (\(178,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 452.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 452.27 Td (24.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 438.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.30 437.32 Td (\(111,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 437.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 437.27 Td (29.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 437.32 Td (\(58,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 437.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 437.27 Td (24.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 423.17 Td (Outstanding at December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 422.27 Td (585,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 422.27 Td (27.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 422.27 Td (485,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 422.27 Td (25.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 408.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 407.27 Td (401,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 407.27 Td (62.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 407.27 Td (205,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 407.27 Td (47.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 393.17 Td (Released) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.30 392.32 Td (\(179,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 392.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 392.27 Td (25.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 392.32 Td (\(182,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 392.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 392.27 Td (24.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 378.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 377.32 Td (\(58,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 377.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 377.27 Td (39.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.15 377.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 377.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 363.17 Td (Outstanding at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 362.27 Td (748,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 362.27 Td (45.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 362.27 Td (508,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 362.27 Td (34.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 348.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 347.27 Td (598,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 347.27 Td (78.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 347.27 Td (151,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 347.27 Td (61.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 333.17 Td (Released) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.30 332.32 Td (\(240,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 332.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 332.27 Td (42.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 332.32 Td (\(239,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 332.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 332.27 Td (29.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 318.17 Td (Forfeited or expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.30 317.32 Td (\(81,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 317.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 317.27 Td (57.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.30 317.32 Td (\(13,052) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 317.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 317.27 Td (68.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 303.17 Td (Outstanding at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.10 302.27 Td (1,025,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 302.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 302.27 Td (64.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 302.27 Td (407,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.50 302.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 302.27 Td (46.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 288.17 Td (Ending vested and expected to vest at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.60 287.27 Td (912,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.60 287.27 Td (407,650) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 263.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.84 263.10 Td (, performance-vesting RSUs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.87 263.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 282.90 263.10 Td (A) Tj ET Q q 0 0 0 rg BT 289.20 263.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.08 263.10 Td ( that are expected to vest are presented net of estimated future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (forfeitures. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.15 251.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.49 251.10 Td ( released during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.57 251.10 Td (years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.04 251.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.54 251.10 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.63 251.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.13 251.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.13 251.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.57 251.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.57 251.10 Td ( had an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.94 251.10 Td (aggregate intrinsic value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.24 251.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.57 251.10 Td ($20.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 239.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 239.10 Td ($1) Tj ET Q q 0 0 0 rg BT 107.46 239.10 Td (1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.35 239.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 204.01 239.10 Td (, and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.89 239.10 Td (aggregate grant-date fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.32 239.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 239.10 Td ($10.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.54 239.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.98 239.10 Td ($4.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.87 239.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 548.53 239.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (Performance-vesting RSUs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.08 227.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 231.12 227.10 Td (A) Tj ET Q q 0 0 0 rg BT 237.42 227.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.30 227.10 Td ( released during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.38 227.10 Td (years ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.86 227.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.36 227.10 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.44 227.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.94 227.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.94 227.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.38 227.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.38 227.10 Td ( had an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (aggregate intrinsic value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.79 215.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.12 215.10 Td ($21.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.01 215.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.45 215.10 Td ($13.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.34 215.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 341.00 215.10 Td (, and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.88 215.10 Td (aggregate grant-date fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.31 215.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.64 215.10 Td ($7.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.53 215.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 203.10 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.33 203.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 167.99 203.10 Td (. ) Tj ET Q q 0 0 0 rg BT 172.81 203.10 Td (The number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.73 203.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.08 203.10 Td ( released includes shares that the Company withheld on behalf of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (employees to satisfy the minimum statutory tax withholding requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 174.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.85 174.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.18 174.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.43 174.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.75 174.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.75 174.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.49 174.10 Td (total ) Tj ET Q q 0 0 0 rg BT 200.51 174.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 256.61 174.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 314.39 174.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 348.84 174.10 Td (related ) Tj ET Q q 0 0 0 rg BT 378.29 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.30 174.10 Td (unvested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.85 174.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.09 174.10 Td (RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.44 174.10 Td (, ) Tj ET Q q 0 0 0 rg BT 454.18 174.10 Td (performance-vesting ) Tj ET Q q 0 0 0 rg BT 539.16 174.10 Td (RSUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 162.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 119.47 162.10 Td (A) Tj ET Q q 0 0 0 rg BT 125.77 162.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 152.16 162.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.71 162.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.21 162.10 Td ($54.4 ) Tj ET Q q 0 0 0 rg BT 195.21 162.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.10 162.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.60 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.54 162.10 Td (is ) Tj ET Q q 0 0 0 rg BT 252.71 162.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 290.74 162.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.02 162.10 Td (be ) Tj ET Q q 0 0 0 rg BT 312.96 162.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 359.32 162.10 Td (over ) Tj ET Q q 0 0 0 rg BT 379.59 162.10 Td (a ) Tj ET Q q 0 0 0 rg BT 386.53 162.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 425.68 162.10 Td (average ) Tj ET Q q 0 0 0 rg BT 459.27 162.10 Td (period ) Tj ET Q q 0 0 0 rg BT 487.31 162.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.64 162.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.14 162.10 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.64 162.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.14 162.10 Td (years.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 136.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 104.54 136.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 145.37 136.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 119.10 Td (On ) Tj ET Q q 0 0 0 rg BT 88.72 119.10 Td (March ) Tj ET Q q 0 0 0 rg BT 117.83 119.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 133.33 119.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 158.83 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.05 119.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 234.83 119.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 282.27 119.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 316.93 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.15 119.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 354.03 119.10 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 377.30 119.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 395.58 119.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 438.56 119.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 478.76 119.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 499.54 119.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 518.09 119.10 Td (Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 89.55 107.10 Td (Plan\).) Tj ET Q q 0 0 0 rg BT 119.91 107.10 Td (The ) Tj ET Q q 0 0 0 rg BT 138.30 107.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 181.13 107.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 221.17 107.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 241.80 107.10 Td (was ) Tj ET Q q 0 0 0 rg BT 260.19 107.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 300.24 107.10 Td (by ) Tj ET Q q 0 0 0 rg BT 313.09 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.15 107.10 Td (Company) Tj ET Q q 0 0 0 rg BT 369.81 107.10 Td (s ) Tj ET Q q 0 0 0 rg BT 376.55 107.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 429.94 107.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.79 107.10 Td (May ) Tj ET Q q 0 0 0 rg BT 463.96 107.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 479.30 107.10 Td (2016.) Tj ET Q q 0 0 0 rg BT 504.12 107.10 Td (The ) Tj ET Q q 0 0 0 rg BT 522.52 107.10 Td (Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 88.31 95.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 107.70 95.10 Td (has ) Tj ET Q q 0 0 0 rg BT 122.64 95.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.69 95.10 Td (term ) Tj ET Q q 0 0 0 rg BT 148.63 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.57 95.10 Td (five ) Tj ET Q q 0 0 0 rg BT 175.73 95.10 Td (years ) Tj ET Q q 0 0 0 rg BT 198.44 95.10 Td (from ) Tj ET Q q 0 0 0 rg BT 219.49 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.32 95.10 Td (date ) Tj ET Q q 0 0 0 rg BT 251.58 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.53 95.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 298.12 95.10 Td (by ) Tj ET Q q 0 0 0 rg BT 309.73 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.56 95.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 378.22 95.10 Td (expiring ) Tj ET Q q 0 0 0 rg BT 413.16 95.10 Td (May ) Tj ET Q q 0 0 0 rg BT 433.10 95.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 447.21 95.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 471.32 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.37 95.10 Td (may ) Tj ET Q q 0 0 0 rg BT 506.20 95.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.25 95.10 Td (terminated, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 88.50 83.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.73 83.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 144.29 83.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.19 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.31 83.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 232.99 83.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 280.33 83.10 Td (at ) Tj ET Q q 0 0 0 rg BT 290.44 83.10 Td (any ) Tj ET Q q 0 0 0 rg BT 307.78 83.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 330.13 83.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 353.30 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.64 83.10 Td (may ) Tj ET Q q 0 0 0 rg BT 390.76 83.10 Td (also ) Tj ET Q q 0 0 0 rg BT 409.77 83.10 Td (be ) Tj ET Q q 0 0 0 rg BT 422.11 83.10 Td (reinstated. ) Tj ET Q q 0 0 0 rg BT 466.17 83.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.62 83.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 526.41 83.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 81.57 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.43 71.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 113.51 71.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 133.36 71.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 159.34 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.86 71.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 254.56 71.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 281.64 71.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 312.04 71.10 Td (under ) Tj ET Q q 0 0 0 rg BT 336.89 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.19 71.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 393.25 71.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 432.54 71.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 452.40 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.26 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.56 71.10 Td (Company) Tj ET Q q 0 0 0 rg BT 518.23 71.10 Td (s ) Tj ET Q q 0 0 0 rg BT 524.20 71.10 Td (executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 59.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 81.17 59.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 134.13 59.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.22 59.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 167.03 59.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 195.00 59.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 239.64 59.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 265.94 59.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 295.57 59.10 Td (from ) Tj ET Q q 0 0 0 rg BT 316.32 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.85 59.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 371.14 59.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 409.66 59.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 428.75 59.10 Td (will ) Tj ET Q q 0 0 0 rg BT 445.61 59.10 Td (be ) Tj ET Q q 0 0 0 rg BT 456.36 59.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 482.67 59.10 Td (from ) Tj ET Q q 0 0 0 rg BT 503.42 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 59.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 59.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 47.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.13 47.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 71.63 47.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 94.23 47.10 Td (The ) Tj ET Q q 0 0 0 rg BT 112.27 47.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 139.77 47.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 170.59 47.10 Td (have ) Tj ET Q q 0 0 0 rg BT 191.97 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.68 47.10 Td (following ) Tj ET Q q 0 0 0 rg BT 248.07 47.10 Td (limitations: ) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (80) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 98.72 740.10 Td (Option ) Tj ET Q q 0 0 0 rg BT 130.06 740.10 Td (Limitations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.12 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.43 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 200.53 740.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 244.65 740.10 Td (number ) Tj ET Q q 0 0 0 rg BT 278.75 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.65 740.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 319.20 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.75 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 358.53 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 371.53 740.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 405.08 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.97 740.10 Td (an ) Tj ET Q q 0 0 0 rg BT 429.97 740.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 470.18 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 494.85 740.10 Td (option ) Tj ET Q q 0 0 0 rg BT 523.97 740.10 Td (under ) Tj ET Q q 0 0 0 rg BT 550.30 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.45 728.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 132.62 728.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 153.36 728.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 728.10 Td (70,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.00 728.10 Td (. ) Tj ET Q q 0 0 0 rg BT 213.47 728.10 Td (No ) Tj ET Q q 0 0 0 rg BT 228.66 728.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 274.39 728.10 Td (will ) Tj ET Q q 0 0 0 rg BT 292.91 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 305.32 728.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 338.27 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.02 728.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 380.85 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 388.26 728.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 412.33 728.10 Td (option ) Tj ET Q q 0 0 0 rg BT 440.86 728.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 478.81 728.10 Td (more ) Tj ET Q q 0 0 0 rg BT 502.33 728.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.51 728.10 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.99 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.27 716.10 Td (any ) Tj ET Q q 0 0 0 rg BT 104.21 716.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 140.57 716.10 Td (year) Tj ET Q q 0 0 0 rg BT 157.22 716.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 699.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 130.65 699.10 Td (Units/Performance ) Tj ET Q q 0 0 0 rg BT 212.24 699.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 230.76 699.10 Td (e ) Tj ET Q q 0 0 0 rg BT 240.14 699.10 Td (Limitations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.20 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.14 699.10 Td (No ) Tj ET Q q 0 0 0 rg BT 310.30 699.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 358.00 699.10 Td (will ) Tj ET Q q 0 0 0 rg BT 378.50 699.10 Td (be ) Tj ET Q q 0 0 0 rg BT 392.88 699.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 427.80 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.52 699.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 474.32 699.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 529.78 699.10 Td (units ) Tj ET Q q 0 0 0 rg BT 554.17 699.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.69 687.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 132.35 687.10 Td (having ) Tj ET Q q 0 0 0 rg BT 163.24 687.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.35 687.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 195.57 687.10 Td (date ) Tj ET Q q 0 0 0 rg BT 215.90 687.10 Td (value ) Tj ET Q q 0 0 0 rg BT 241.22 687.10 Td (\(assuming ) Tj ET Q q 0 0 0 rg BT 286.00 687.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 330.22 687.10 Td (payout\) ) Tj ET Q q 0 0 0 rg BT 364.44 687.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 395.87 687.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.75 687.10 Td ($10,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.75 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.42 687.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.43 687.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 521.08 687.10 Td (more ) Tj ET Q q 0 0 0 rg BT 545.30 687.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.50 675.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.72 675.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 121.42 675.10 Td (whichever ) Tj ET Q q 0 0 0 rg BT 165.28 675.10 Td (is ) Tj ET Q q 0 0 0 rg BT 174.17 675.10 Td (greater) Tj ET Q q 0 0 0 rg BT 201.52 675.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.24 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.23 675.10 Td (any ) Tj ET Q q 0 0 0 rg BT 232.89 675.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 268.96 675.10 Td (year) Tj ET Q q 0 0 0 rg BT 285.62 675.10 Td (. ) Tj ET Q q 0 0 0 rg BT 290.18 675.10 Td (There ) Tj ET Q q 0 0 0 rg BT 315.71 675.10 Td (have ) Tj ET Q q 0 0 0 rg BT 336.80 675.10 Td (been ) Tj ET Q q 0 0 0 rg BT 357.89 675.10 Td (no ) Tj ET Q q 0 0 0 rg BT 370.11 675.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 397.31 675.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 424.53 675.10 Td (under ) Tj ET Q q 0 0 0 rg BT 449.51 675.10 Td (this ) Tj ET Q q 0 0 0 rg BT 466.18 675.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 485.61 675.10 Td (as ) Tj ET Q q 0 0 0 rg BT 496.16 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.70 675.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 675.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (2016.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 637.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 104.54 637.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 129.82 637.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 171.21 637.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 620.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 100.54 620.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 620.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.49 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.03 620.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 181.62 620.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 227.43 620.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.69 620.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 284.05 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.88 620.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 333.46 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.73 620.10 Td (Company) Tj ET Q q 0 0 0 rg BT 390.39 620.10 Td (s ) Tj ET Q q 0 0 0 rg BT 397.33 620.10 Td (common ) Tj ET Q q 0 0 0 rg BT 435.37 620.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 459.53 620.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.79 620.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.12 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.17 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.54 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.81 620.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.73 620.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.49 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.16 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.72 608.10 Td (common ) Tj ET Q q 0 0 0 rg BT 136.05 608.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 159.50 608.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.16 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.83 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.39 608.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 261.03 608.10 Td (date ) Tj ET Q q 0 0 0 rg BT 280.02 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.69 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.25 608.10 Td (of) Tj ET Q q 0 0 0 rg BT 313.39 608.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 339.61 608.10 Td (period ) Tj ET Q q 0 0 0 rg BT 367.49 608.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.16 608.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.83 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.50 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.05 608.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 452.48 608.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 490.36 608.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 511.85 608.10 Td (whichever ) Tj ET Q q 0 0 0 rg BT 555.84 608.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (lower) Tj ET Q q 0 0 0 rg BT 71.72 596.10 Td (. ) Tj ET Q q 0 0 0 rg BT 77.74 596.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.08 596.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.30 596.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.76 596.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 168.65 596.10 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 228.54 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.77 596.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 297.78 596.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 357.11 596.10 Td (is ) Tj ET Q q 0 0 0 rg BT 367.58 596.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 415.24 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.81 596.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 475.57 596.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.30 596.10 Td (ASC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.76 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.55 596.10 Td (718) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 534.55 596.10 Td (, ) Tj ET Q q 0 0 0 rg BT 540.85 596.10 Td (Stock ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (Compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.78 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.91 584.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.83 584.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.25 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.63 584.10 Td (is ) Tj ET Q q 0 0 0 rg BT 167.67 584.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 206.59 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.74 584.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 243.33 584.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 276.70 584.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 322.84 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.65 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.24 584.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 389.60 584.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 435.74 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.44 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.04 584.10 Td (Company) Tj ET Q q 0 0 0 rg BT 504.70 584.10 Td (s ) Tj ET Q q 0 0 0 rg BT 511.97 584.10 Td (participating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 99.22 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.50 572.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 147.53 572.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 175.02 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.85 572.10 Td (common ) Tj ET Q q 0 0 0 rg BT 223.35 572.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 249.46 572.10 Td (at ) Tj ET Q q 0 0 0 rg BT 259.17 572.10 Td (semi-annual ) Tj ET Q q 0 0 0 rg BT 310.54 572.10 Td (intervals, ) Tj ET Q q 0 0 0 rg BT 349.98 572.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.26 572.10 Td (their ) Tj ET Q q 0 0 0 rg BT 391.08 572.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 444.11 572.10 Td (payroll ) Tj ET Q q 0 0 0 rg BT 474.93 572.10 Td (deductions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 555.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.04 555.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 166.11 555.10 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 209.64 555.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 226.51 555.10 Td (value ) Tj ET Q q 0 0 0 rg BT 251.16 555.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.48 555.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 293.80 555.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 321.80 555.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 359.23 555.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.00 555.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.22 555.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.64 555.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.63 555.10 Td (during ) Tj ET Q q 0 0 0 rg BT 439.74 555.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.95 555.10 Td (years ) Tj ET Q q 0 0 0 rg BT 479.04 555.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.92 555.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 555.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 555.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 555.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 543.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 543.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 543.10 Td (, ) Tj ET Q q 0 0 0 rg BT 99.50 543.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.44 543.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.44 543.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.94 543.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.87 543.10 Td ($24.1) Tj ET Q q 0 0 0 rg BT 183.00 543.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.00 543.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.00 543.10 Td ($16.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.50 543.10 Td (, ) Tj ET Q q 0 0 0 rg BT 225.50 543.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.43 543.10 Td ($8.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.93 543.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.43 543.10 Td (per ) Tj ET Q q 0 0 0 rg BT 282.70 543.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 308.80 543.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 356.46 543.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 526.10 Td (For ) Tj ET Q q 0 0 0 rg BT 89.63 526.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.08 526.10 Td (years ) Tj ET Q q 0 0 0 rg BT 127.42 526.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.29 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.53 526.10 Td (December ) Tj ET Q q 0 0 0 rg BT 196.85 526.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.35 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.59 526.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.59 526.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.32 526.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.32 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.56 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.23 526.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.23 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 299.97 526.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 344.97 526.10 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.74 526.10 Td (101,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.24 526.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.98 526.10 Td (1) Tj ET Q q 0 0 0 rg BT 429.61 526.10 Td (10,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.11 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 461.84 526.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.52 526.10 Td (102,1) Tj ET Q q 0 0 0 rg BT 500.65 526.10 Td (1) Tj ET Q q 0 0 0 rg BT 505.28 526.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.28 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.51 526.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 539.74 526.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.82 514.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.24 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.35 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.12 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.66 514.10 Td (total ) Tj ET Q q 0 0 0 rg BT 138.54 514.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.97 514.10 Td ($6.7 ) Tj ET Q q 0 0 0 rg BT 172.58 514.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.47 514.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.08 514.10 Td ($4.1 ) Tj ET Q q 0 0 0 rg BT 229.68 514.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.57 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 265.18 514.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.72 514.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 305.33 514.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.22 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 340.83 514.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 388.49 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 394.19 514.10 Td (As ) Tj ET Q q 0 0 0 rg BT 409.40 514.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.84 514.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 482.03 514.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.03 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 508.64 514.10 Td (unrecognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.00 502.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 127.06 502.10 Td (related ) Tj ET Q q 0 0 0 rg BT 157.22 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.95 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.13 502.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.40 502.10 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.82 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.77 502.10 Td (period ) Tj ET Q q 0 0 0 rg BT 268.28 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 295.67 502.10 Td (ends ) Tj ET Q q 0 0 0 rg BT 316.96 502.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.91 502.10 Td (February27, ) Tj ET Q q 0 0 0 rg BT 383.97 502.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.97 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.92 502.10 Td (was ) Tj ET Q q 0 0 0 rg BT 425.43 502.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.14 502.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 506.60 502.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.49 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.45 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.84 502.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.53 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.81 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 109.75 490.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 156.11 490.10 Td (over ) Tj ET Q q 0 0 0 rg BT 176.38 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.10 490.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.81 490.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 218.31 490.10 Td (months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.76 490.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 464.10 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 115.11 464.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 177.07 464.10 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 447.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 447.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 96.41 447.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 146.11 447.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 204.15 447.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 238.86 447.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 285.22 447.10 Td (by ) Tj ET Q q 0 0 0 rg BT 297.72 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.44 447.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 353.83 447.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 393.54 447.10 Td (of:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 388.60 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 388.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 388.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 388.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 388.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 388.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 359.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 359.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 359.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 359.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 359.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 329.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 329.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 329.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 329.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 329.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 329.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 416.6 m 449 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 416.6 m 453 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 416.6 m 506 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 416.6 m 510 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 416.6 m 563 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 401.6 m 449 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 401.6 m 506 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 416.6 m 563 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 401.6 m 563 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 314.6 m 449 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 314.6 m 506 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 314.6 m 563 314.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 300.6 m 449 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 298.6 m 449 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 300.6 m 506 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 298.6 m 506 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 300.6 m 563 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 298.6 m 563 298.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 421.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 421.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 420.83 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 406.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 406.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 405.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 405.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 405.83 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 392.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 392.83 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 379.33 Td (Stock-based compensation by category of expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 365.17 Td (Cost of revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 364.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 364.27 Td (4,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 364.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 364.27 Td (3,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 364.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 364.27 Td (1,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 350.17 Td (Sales and marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 349.27 Td (4,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 349.27 Td (2,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 349.27 Td (1,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 335.17 Td (Research and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 334.27 Td (7,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 334.27 Td (5,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 334.27 Td (3,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 320.17 Td (General and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 319.27 Td (14,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 319.27 Td (12,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 319.27 Td (7,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 304.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 304.27 Td (31,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 304.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 304.27 Td (24,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 304.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 304.27 Td (14,548) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.40 283.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.63 283.10 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.29 283.10 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 198.13 283.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.03 283.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.87 283.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 251.72 283.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.61 283.10 Td (, ) Tj ET Q q 0 0 0 rg BT 285.46 283.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.25 283.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 322.10 283.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.99 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.34 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.02 283.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 387.47 283.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 445.37 283.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 467.71 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.39 283.10 Td (software ) Tj ET Q q 0 0 0 rg BT 515.17 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.96 283.10 Td (website ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (application ) Tj ET Q q 0 0 0 rg BT 96.43 271.10 Td (development ) Tj ET Q q 0 0 0 rg BT 150.58 271.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 173.08 271.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.24 271.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.96 271.10 Td (years ) Tj ET Q q 0 0 0 rg BT 225.55 271.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.43 271.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.93 271.10 Td (December ) Tj ET Q q 0 0 0 rg BT 295.52 271.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.02 271.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.52 271.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.52 271.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.52 271.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.52 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.52 271.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.45 271.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.45 271.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.45 271.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 450.12 271.10 Td (. ) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (81) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (V) Tj ET Q q 0 0 0 rg BT 67.06 740.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 104.02 740.25 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 723.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.99 723.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.81 723.25 Td (value ) Tj ET Q q 0 0 0 rg BT 133.41 723.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.68 723.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 168.73 723.25 Td (options ) Tj ET Q q 0 0 0 rg BT 201.13 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.51 723.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.56 723.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 281.04 723.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.76 723.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 339.69 723.25 Td (under ) Tj ET Q q 0 0 0 rg BT 365.40 723.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.56 723.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 403.51 723.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 426.73 723.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.89 723.25 Td (201) Tj ET Q q 0 0 0 rg BT 456.52 723.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 464.46 723.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.24 723.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.18 723.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.56 723.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.72 723.25 Td (ESPP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 723.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.09 723.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.26 711.25 Td (at ) Tj ET Q q 0 0 0 rg BT 99.92 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.57 711.25 Td (date ) Tj ET Q q 0 0 0 rg BT 133.67 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 711.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 167.42 711.25 Td (using ) Tj ET Q q 0 0 0 rg BT 191.53 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.18 711.25 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 266.39 711.25 Td (option ) Tj ET Q q 0 0 0 rg BT 294.38 711.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 334.03 711.25 Td (model ) Tj ET Q q 0 0 0 rg BT 361.47 711.25 Td (with ) Tj ET Q q 0 0 0 rg BT 381.69 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.34 711.25 Td (following ) Tj ET Q q 0 0 0 rg BT 437.67 711.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 476.76 711.25 Td (average ) Tj ET Q q 0 0 0 rg BT 510.28 711.25 Td (assumptions:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 665.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 665.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 665.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 665.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 665.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 665.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 665.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 635.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 635.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 635.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 635.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 635.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 635.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 635.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 605.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 605.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 605.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 605.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 605.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 605.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 605.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 575.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 575.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 575.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 575.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 575.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 575.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 575.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 545.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 545.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 545.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 545.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 545.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 545.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 545.75 13.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 680.75 m 420 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 680.75 m 433 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 680.75 m 437 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 680.75 m 485 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 680.75 m 498 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 680.75 m 502 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 680.75 m 550 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 680.75 m 563 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 665.75 m 420 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 665.75 m 485 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 680.75 m 550 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 665.75 m 550 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 680.75 m 563 680.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 665.75 m 563 665.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 685.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 685.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.10 684.98 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 670.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 670.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.50 669.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 669.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.50 669.98 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 656.32 Td (Stock option plans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 641.32 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 640.42 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 640.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 640.42 Td (1.50-1.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 640.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 640.42 Td (1.55-2.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 640.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 626.32 Td (Expected life of options \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 625.42 Td (6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 625.42 Td (5.00-6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 625.42 Td (5.27-6.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 611.32 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 610.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 610.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 610.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 610.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 610.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 610.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 596.32 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 595.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 595.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 595.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 595.42 Td (48-49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 595.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 595.42 Td (49-53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 595.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 581.32 Td (Employee Stock Purchase Plan:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 566.32 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 565.42 Td (0.46-0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 565.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 565.42 Td (0.13-0.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 565.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 565.42 Td (0.05-0.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 565.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 551.32 Td (Expected life of options \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.00 550.42 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 550.42 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.00 550.42 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 536.32 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 535.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 535.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 535.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 535.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 521.32 Td (Volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 520.42 Td (33-49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 520.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 520.42 Td (35-44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 520.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 520.42 Td (38-39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 520.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 499.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 91.90 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.43 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.39 499.25 Td (Company) Tj ET Q q 0 0 0 rg BT 159.05 499.25 Td (s ) Tj ET Q q 0 0 0 rg BT 165.69 499.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 196.76 499.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 227.83 499.25 Td (history ) Tj ET Q q 0 0 0 rg BT 258.35 499.25 Td (as ) Tj ET Q q 0 0 0 rg BT 269.43 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 276.61 499.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 312.13 499.25 Td (held ) Tj ET Q q 0 0 0 rg BT 332.09 499.25 Td (company) Tj ET Q q 0 0 0 rg BT 368.10 499.25 Td (, ) Tj ET Q q 0 0 0 rg BT 373.34 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.30 499.25 Td (simplified ) Tj ET Q q 0 0 0 rg BT 431.60 499.25 Td (method ) Tj ET Q q 0 0 0 rg BT 464.34 499.25 Td (was ) Tj ET Q q 0 0 0 rg BT 482.63 499.25 Td (used ) Tj ET Q q 0 0 0 rg BT 503.71 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.23 499.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 550.29 499.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 88.07 487.25 Td (term ) Tj ET Q q 0 0 0 rg BT 109.43 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.80 487.25 Td (options ) Tj ET Q q 0 0 0 rg BT 153.29 487.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 186.31 487.25 Td (by ) Tj ET Q q 0 0 0 rg BT 199.35 487.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 227.39 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.64 487.25 Td (average ) Tj ET Q q 0 0 0 rg BT 276.76 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.13 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.39 487.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 335.31 487.25 Td (term ) Tj ET Q q 0 0 0 rg BT 356.68 487.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.15 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.41 487.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 436.87 487.25 Td (term ) Tj ET Q q 0 0 0 rg BT 458.23 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.60 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.85 487.25 Td (option. ) Tj ET Q q 0 0 0 rg BT 515.73 487.25 Td (T) Tj ET Q q 0 0 0 rg BT 521.14 487.25 Td (o ) Tj ET Q q 0 0 0 rg BT 529.18 487.25 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.25 Td (volatility) Tj ET Q q 0 0 0 rg BT 84.96 475.25 Td (, ) Tj ET Q q 0 0 0 rg BT 90.37 475.25 Td (management ) Tj ET Q q 0 0 0 rg BT 144.36 475.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 185.59 475.25 Td (a ) Tj ET Q q 0 0 0 rg BT 192.93 475.25 Td (group ) Tj ET Q q 0 0 0 rg BT 219.17 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.41 475.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 266.09 475.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 293.98 475.25 Td (peer ) Tj ET Q q 0 0 0 rg BT 314.09 475.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 359.76 475.25 Td (that ) Tj ET Q q 0 0 0 rg BT 377.67 475.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 410.00 475.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.68 475.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.03 475.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 458.71 475.25 Td (industry) Tj ET Q q 0 0 0 rg BT 490.84 475.25 Td (. ) Tj ET Q q 0 0 0 rg BT 495.60 475.25 Td (An ) Tj ET Q q 0 0 0 rg BT 510.73 475.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 546.96 475.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.03 463.25 Td (based ) Tj ET Q q 0 0 0 rg BT 122.35 463.25 Td (on ) Tj ET Q q 0 0 0 rg BT 134.91 463.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.90 463.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 181.11 463.25 Td (average ) Tj ET Q q 0 0 0 rg BT 214.74 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.63 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.40 463.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 280.16 463.25 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 324.93 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.81 463.25 Td (these ) Tj ET Q q 0 0 0 rg BT 358.91 463.25 Td (peer ) Tj ET Q q 0 0 0 rg BT 378.67 463.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 423.99 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.98 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.75 463.25 Td (Company) Tj ET Q q 0 0 0 rg BT 497.41 463.25 Td (s ) Tj ET Q q 0 0 0 rg BT 503.86 463.25 Td (common ) Tj ET Q q 0 0 0 rg BT 541.41 463.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.25 Td (during ) Tj ET Q q 0 0 0 rg BT 78.76 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.14 451.25 Td (period ) Tj ET Q q 0 0 0 rg BT 122.84 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.33 451.25 Td (time ) Tj ET Q q 0 0 0 rg BT 155.25 451.25 Td (since ) Tj ET Q q 0 0 0 rg BT 178.96 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.33 451.25 Td (Company) Tj ET Q q 0 0 0 rg BT 235.99 451.25 Td (s ) Tj ET Q q 0 0 0 rg BT 243.04 451.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 269.53 451.25 Td (public ) Tj ET Q q 0 0 0 rg BT 297.68 451.25 Td (of) Tj ET Q q 0 0 0 rg BT 305.83 451.25 Td (fering. ) Tj ET Q q 0 0 0 rg BT 335.13 451.25 Td (The ) Tj ET Q q 0 0 0 rg BT 353.83 451.25 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 390.86 451.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 423.45 451.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 441.59 451.25 Td (used ) Tj ET Q q 0 0 0 rg BT 463.07 451.25 Td (was ) Tj ET Q q 0 0 0 rg BT 481.78 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.15 451.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 530.30 451.25 Td (Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.25 Td (Bank) Tj ET Q q 0 0 0 rg BT 73.39 439.25 Td (s ) Tj ET Q q 0 0 0 rg BT 79.31 439.25 Td (constant ) Tj ET Q q 0 0 0 rg BT 114.68 439.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 156.70 439.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.17 439.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 205.19 439.25 Td (commensurate ) Tj ET Q q 0 0 0 rg BT 265.54 439.25 Td (with ) Tj ET Q q 0 0 0 rg BT 285.35 439.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.61 439.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 337.18 439.25 Td (life ) Tj ET Q q 0 0 0 rg BT 352.54 439.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.90 439.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.16 439.25 Td (options. ) Tj ET Q q 0 0 0 rg BT 410.99 439.25 Td (The ) Tj ET Q q 0 0 0 rg BT 428.58 439.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 466.15 439.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 503.18 439.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 525.21 439.25 Td (was ) Tj ET Q q 0 0 0 rg BT 542.80 439.25 Td (zero, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 427.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 116.43 427.25 Td (does ) Tj ET Q q 0 0 0 rg BT 137.26 427.25 Td (not ) Tj ET Q q 0 0 0 rg BT 152.54 427.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 193.91 427.25 Td (paying ) Tj ET Q q 0 0 0 rg BT 223.63 427.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.56 427.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 268.06 427.25 Td (within ) Tj ET Q q 0 0 0 rg BT 296.12 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.83 427.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 345.54 427.25 Td (time ) Tj ET Q q 0 0 0 rg BT 365.81 427.25 Td (frame.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 401.25 Td (1) Tj ET Q q 0 0 0 rg BT 84.79 401.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.79 401.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.79 401.25 Td (Employee Benefit Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.00 401.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 384.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.44 384.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.73 384.25 Td (of) Tj ET Q q 0 0 0 rg BT 139.88 384.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 157.27 384.25 Td (a ) Tj ET Q q 0 0 0 rg BT 164.10 384.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 202.04 384.25 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 231.10 384.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 263.48 384.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 314.76 384.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 334.38 384.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.55 384.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 397.50 384.25 Td (all ) Tj ET Q q 0 0 0 rg BT 409.89 384.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.62 384.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.23 384.25 Td (Company) Tj ET Q q 0 0 0 rg BT 476.90 384.25 Td (s ) Tj ET Q q 0 0 0 rg BT 483.19 384.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 530.85 384.25 Td (Eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 94.55 372.25 Td (may ) Tj ET Q q 0 0 0 rg BT 114.06 372.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 156.89 372.25 Td (up ) Tj ET Q q 0 0 0 rg BT 169.17 372.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.24 372.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.74 372.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 222.69 372.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 254.97 372.25 Td (allowed ) Tj ET Q q 0 0 0 rg BT 288.91 372.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 325.64 372.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.70 372.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.21 372.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 383.59 372.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 420.86 372.25 Td (Code. ) Tj ET Q q 0 0 0 rg BT 446.76 372.25 Td (In ) Tj ET Q q 0 0 0 rg BT 457.38 372.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.88 372.25 Td (years ) Tj ET Q q 0 0 0 rg BT 495.27 372.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.43 372.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.44 360.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 89.38 360.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.31 360.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.19 360.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.19 360.25 Td (, ) Tj ET Q q 0 0 0 rg BT 156.13 360.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.78 360.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 212.11 360.25 Td (matched ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.42 360.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.75 360.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.19 360.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.95 360.25 Td (each ) Tj ET Q q 0 0 0 rg BT 300.71 360.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 326.47 360.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.24 360.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 378.55 360.25 Td (contribution, ) Tj ET Q q 0 0 0 rg BT 432.37 360.25 Td (up ) Tj ET Q q 0 0 0 rg BT 444.81 360.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.02 360.25 Td (a ) Tj ET Q q 0 0 0 rg BT 461.90 360.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 504.89 360.25 Td (match ) Tj ET Q q 0 0 0 rg BT 531.76 360.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.53 360.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.92 348.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.97 348.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.36 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.62 348.25 Td (employee) Tj ET Q q 0 0 0 rg BT 147.27 348.25 Td (s ) Tj ET Q q 0 0 0 rg BT 153.22 348.25 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 213.16 348.25 Td (The ) Tj ET Q q 0 0 0 rg BT 230.76 348.25 Td (Company) Tj ET Q q 0 0 0 rg BT 272.42 348.25 Td (s ) Tj ET Q q 0 0 0 rg BT 278.37 348.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 333.19 348.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.02 348.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.29 348.25 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 386.00 348.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 405.26 348.25 Td (for ) Tj ET Q q 0 0 0 rg BT 418.98 348.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.24 348.25 Td (years ) Tj ET Q q 0 0 0 rg BT 456.39 348.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.32 348.25 Td (December ) Tj ET Q q 0 0 0 rg BT 525.46 348.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.01 348.25 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 73.40 336.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.23 336.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.23 336.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.63 336.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.46 336.25 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 150.36 336.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.25 336.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.15 336.25 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 202.04 336.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.94 336.25 Td (, ) Tj ET Q q 0 0 0 rg BT 234.83 336.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.67 336.25 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 269.57 336.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.46 336.25 Td (, ) Tj ET Q q 0 0 0 rg BT 302.36 336.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 350.02 336.25 Td (, ) Tj ET Q q 0 0 0 rg BT 353.92 336.25 Td (which ) Tj ET Q q 0 0 0 rg BT 379.75 336.25 Td (were ) Tj ET Q q 0 0 0 rg BT 400.58 336.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 445.84 336.25 Td (as ) Tj ET Q q 0 0 0 rg BT 455.57 336.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 489.17 336.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.35 336.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.96 336.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.21 324.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.04 324.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 168.07 324.25 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 298.25 Td (NOTE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.34 298.25 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.34 298.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.34 298.25 Td (Segment ) Tj ET Q q 0 0 0 rg BT 139.50 298.25 Td (Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.72 298.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 281.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.54 281.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.92 281.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 168.72 281.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.99 281.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.43 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 195.92 281.25 Td (industrymortgage-related ) Tj ET Q q 0 0 0 rg BT 309.49 281.25 Td (software ) Tj ET Q q 0 0 0 rg BT 346.41 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.34 281.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 400.36 281.25 Td (The ) Tj ET Q q 0 0 0 rg BT 418.40 281.25 Td (Company) Tj ET Q q 0 0 0 rg BT 460.06 281.25 Td (s ) Tj ET Q q 0 0 0 rg BT 466.45 281.25 Td (chief ) Tj ET Q q 0 0 0 rg BT 488.92 281.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 529.18 281.25 Td (decision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (maker ) Tj ET Q q 0 0 0 rg BT 77.20 269.25 Td (is ) Tj ET Q q 0 0 0 rg BT 86.59 269.25 Td (its ) Tj ET Q q 0 0 0 rg BT 98.76 269.25 Td (chief ) Tj ET Q q 0 0 0 rg BT 121.46 269.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 162.49 269.25 Td (of) Tj ET Q q 0 0 0 rg BT 170.64 269.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 188.56 269.25 Td (, ) Tj ET Q q 0 0 0 rg BT 193.78 269.25 Td (who ) Tj ET Q q 0 0 0 rg BT 213.72 269.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 241.98 269.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 281.92 269.25 Td (about ) Tj ET Q q 0 0 0 rg BT 306.85 269.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 343.44 269.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 385.59 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.74 269.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 436.56 269.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.26 269.25 Td (information ) Tj ET Q q 0 0 0 rg BT 524.19 269.25 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (on ) Tj ET Q q 0 0 0 rg BT 60.93 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 66.80 257.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 118.77 257.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 142.38 257.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 191.72 257.25 Td (, ) Tj ET Q q 0 0 0 rg BT 195.65 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.30 257.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.61 257.25 Td (has ) Tj ET Q q 0 0 0 rg BT 264.37 257.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 310.78 257.25 Td (that ) Tj ET Q q 0 0 0 rg BT 327.21 257.25 Td (it ) Tj ET Q q 0 0 0 rg BT 334.19 257.25 Td (has ) Tj ET Q q 0 0 0 rg BT 348.95 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 354.82 257.25 Td (single ) Tj ET Q q 0 0 0 rg BT 380.14 257.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 418.22 257.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 452.98 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.85 257.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 508.04 257.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 525.02 257.25 Td (structure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 98.99 245.25 Td (technology-enabled ) Tj ET Q q 0 0 0 rg BT 181.25 245.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 220.76 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.94 245.25 Td (help ) Tj ET Q q 0 0 0 rg BT 252.56 245.25 Td (streamline ) Tj ET Q q 0 0 0 rg BT 297.61 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.45 245.25 Td (automate ) Tj ET Q q 0 0 0 rg BT 355.50 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.11 245.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 416.17 245.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 457.33 245.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 504.61 245.25 Td (process ) Tj ET Q q 0 0 0 rg BT 538.00 245.25 Td (for ) Tj ET Q q 0 0 0 rg BT 553.06 245.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (network ) Tj ET Q q 0 0 0 rg BT 84.77 233.25 Td (participants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 212.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.98 212.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.81 212.25 Td (is ) Tj ET Q q 0 0 0 rg BT 140.42 212.25 Td (or) Tj ET Q q 0 0 0 rg BT 148.57 212.25 Td (ganized ) Tj ET Q q 0 0 0 rg BT 181.60 212.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 220.75 212.25 Td (on ) Tj ET Q q 0 0 0 rg BT 232.68 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.84 212.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 268.78 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.04 212.25 Td (service ) Tj ET Q q 0 0 0 rg BT 309.30 212.25 Td (lines. ) Tj ET Q q 0 0 0 rg BT 332.62 212.25 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 389.55 212.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 432.03 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.30 212.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 479.77 212.25 Td (by ) Tj ET Q q 0 0 0 rg BT 491.71 212.25 Td (type ) Tj ET Q q 0 0 0 rg BT 510.87 212.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.47 212.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.74 212.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 160.75 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 160.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 160.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 160.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 160.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 160.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 130.75 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 130.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 130.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 130.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 130.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 130.75 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 188.75 m 449 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 188.75 m 453 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 188.75 m 506 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 188.75 m 510 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 188.75 m 563 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 173.75 m 449 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 188.75 m 506 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 173.75 m 506 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 188.75 m 563 188.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 173.75 m 563 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 130.75 m 449 130.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 130.75 m 506 130.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 130.75 m 563 130.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 116.75 m 449 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 114.75 m 449 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 116.75 m 506 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 114.75 m 506 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 116.75 m 563 116.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 114.75 m 563 114.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 193.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.60 192.98 Td (Year ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 178.42 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.00 178.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 177.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.00 177.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.00 177.98 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 165.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.65 164.98 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 151.32 Td (On-demand revenues) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 137.74 155.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 150.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 150.42 Td (359,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 150.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 150.42 Td (249,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 150.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 150.42 Td (154,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 136.32 Td (On-premise revenues) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 137.74 140.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 135.42 Td (718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 135.42 Td (4,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 135.42 Td (7,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.50 120.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 120.42 Td (360,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 120.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.60 120.42 Td (253,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 120.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.60 120.42 Td (161,537) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 106.65 Td (________________) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 49.50 94.93 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.78 90.85 Td (Certain reclassifications of prior period amounts have been made to conform to the current period presentation, such reclassification did not ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 80.05 Td (materially change previously reported consolidated financial statements.) 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35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 360.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 360.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 360.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 360.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 360.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 360.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 332.75 198.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 332.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 332.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 332.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 332.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 332.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 332.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 332.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 332.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 332.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 332.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 332.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 332.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 332.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 332.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 332.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 306.75 198.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 306.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 306.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 306.75 35.00 -13.00 re f /GS0 gs 0.8 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0 i [] 0 d 0 J 0 j 3 M 283 716.75 m 288 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 716.75 m 323 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 716.75 m 328 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 716.75 m 363 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 716.75 m 368 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 716.75 m 403 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 716.75 m 408 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 716.75 m 443 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 716.75 m 448 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 716.75 m 483 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 716.75 m 488 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 716.75 m 523 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 716.75 m 528 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 716.75 m 563 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 695.75 m 283 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 695.75 m 323 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 695.75 m 363 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 695.75 m 403 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 716.75 m 443 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 695.75 m 443 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 716.75 m 448 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 716.75 m 483 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 695.75 m 483 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 716.75 m 488 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 716.75 m 523 716.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 695.75 m 523 695.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 716.75 m 528 716.75 l 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528 406.75 m 563 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 361.75 m 283 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 359.75 m 283 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 361.75 m 323 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 359.75 m 323 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 361.75 m 363 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 359.75 m 363 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 361.75 m 403 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 359.75 m 403 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 361.75 m 443 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 359.75 m 443 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 361.75 m 483 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 359.75 m 483 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 361.75 m 523 361.75 l 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0 i [] 0 d 0 J 0 j 3 M 328 348.75 m 363 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 346.75 m 363 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 359.75 m 403 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 361.75 m 403 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 348.75 m 403 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 346.75 m 403 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 359.75 m 443 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 361.75 m 443 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 348.75 m 443 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 346.75 m 443 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 359.75 m 483 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 361.75 m 483 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 348.75 m 483 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 346.75 m 483 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 359.75 m 523 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 361.75 m 523 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 348.75 m 523 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 346.75 m 523 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 359.75 m 563 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 361.75 m 563 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 348.75 m 563 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 346.75 m 563 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 293.75 m 283 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 293.75 m 323 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 293.75 m 363 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 293.75 m 403 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 293.75 m 443 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 293.75 m 483 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 293.75 m 523 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 293.75 m 563 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 281.75 m 283 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 279.75 m 283 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 293.75 m 323 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 281.75 m 323 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 279.75 m 323 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 281.75 m 363 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 279.75 m 363 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 293.75 m 403 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 281.75 m 403 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 279.75 m 403 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 293.75 m 443 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 281.75 m 443 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 279.75 m 443 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 293.75 m 483 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 281.75 m 483 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 279.75 m 483 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 293.75 m 523 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 281.75 m 523 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 279.75 m 523 279.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 293.75 m 563 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 281.75 m 563 281.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 279.75 m 563 279.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 721.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.95 720.98 Td (Three months ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 252.55 707.98 Td (Dec 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.00 699.98 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 707.98 Td (Sep 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.00 699.98 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.55 707.98 Td (Jun 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.00 699.98 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.50 707.98 Td (Mar 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 699.98 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.55 707.98 Td (Dec 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.00 699.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.75 707.98 Td (Sep 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.00 699.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.55 707.98 Td (Jun 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.00 699.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.50 700.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.50 707.98 Td (Mar 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.00 699.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 687.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.75 686.98 Td (\(unaudited, in thousands, except per share amounts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 674.00 Td (Revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 674.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 674.00 Td (96,181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 674.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.80 674.00 Td (100,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 674.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 674.00 Td (90,098) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 674.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 674.00 Td (73,625) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 674.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 674.00 Td (64,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 674.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 674.00 Td (68,939) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 674.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 674.00 Td (65,942) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 674.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 674.00 Td (54,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 661.00 Td (Cost of revenues \(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 661.00 Td (32,843) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 661.00 Td (32,218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 661.00 Td (28,453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 661.00 Td (26,631) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 661.00 Td (23,555) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 661.00 Td (22,441) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 661.00 Td (20,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 661.00 Td (17,350) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 648.00 Td (Gross profit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 648.35 Td (63,338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 648.35 Td (68,163) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 648.35 Td (61,645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 648.35 Td (46,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 648.35 Td (41,312) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 648.35 Td (46,498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 648.35 Td (45,080) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 648.35 Td (36,839) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 620.00 Td (Operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 607.00 Td (Salesandmarketing\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 607.00 Td (14,257) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 607.00 Td (12,654) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 607.00 Td (12,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 607.00 Td (15,287) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 607.00 Td (10,562) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 607.00 Td (9,082) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 607.00 Td (8,804) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 607.00 Td (9,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 594.00 Td (Researchanddevelopment\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 594.00 Td (16,305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 594.00 Td (15,081) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 594.00 Td (14,662) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 594.00 Td (12,453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 594.00 Td (11,734) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 594.00 Td (11,138) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 594.00 Td (9,282) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 594.00 Td (8,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 581.00 Td (Generalandadministrative\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 581.00 Td (18,434) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 581.00 Td (19,360) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 581.00 Td (17,793) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 581.00 Td (15,731) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 581.00 Td (14,103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 581.00 Td (16,658) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 581.00 Td (14,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 581.00 Td (12,302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 568.00 Td (Total operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 568.35 Td (48,996) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 568.35 Td (47,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 568.35 Td (44,961) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 568.35 Td (43,471) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 568.35 Td (36,399) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 568.35 Td (36,878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 568.35 Td (32,235) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 568.35 Td (30,359) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 555.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 542.00 Td (Income from operations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 542.35 Td (14,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 542.35 Td (21,068) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 542.35 Td (16,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 542.35 Td (3,523) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 542.35 Td (4,913) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 542.35 Td (9,620) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 542.35 Td (12,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 542.35 Td (6,480) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 529.00 Td (Other income, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.80 529.00 Td (424) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.80 529.00 Td (204) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.80 529.00 Td (162) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.80 529.00 Td (199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 529.00 Td (180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 529.00 Td (154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.80 529.00 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 529.00 Td (132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 516.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 503.00 Td (Income before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 503.00 Td (14,766) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 503.00 Td (21,272) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 503.00 Td (16,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 503.00 Td (3,722) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 503.00 Td (5,093) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 503.00 Td (9,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 503.00 Td (12,998) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 503.00 Td (6,612) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 490.00 Td (Incometaxprovision \(benefit\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 490.00 Td (3,864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 490.00 Td (7,492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.80 490.00 Td (6,258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 490.00 Td (1,216) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.80 490.00 Td (271) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 490.00 Td (3,552) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 490.00 Td (5,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 490.00 Td (3,028) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 477.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 464.00 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 464.00 Td (10,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 464.00 Td (13,780) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 464.00 Td (10,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 464.00 Td (2,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 464.00 Td (4,822) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 464.00 Td (6,222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 464.00 Td (7,630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 464.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 464.00 Td (3,584) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 451.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 438.00 Td (Net income per share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 425.00 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.80 425.00 Td (0.33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 425.00 Td (0.43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 425.00 Td (0.36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 425.00 Td (0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 425.00 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 425.00 Td (0.21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 425.00 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 425.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.80 425.00 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 412.00 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.80 412.00 Td (0.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 412.00 Td (0.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 412.00 Td (0.34) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.80 412.00 Td (0.08) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.80 412.00 Td (0.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 412.00 Td (0.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.80 412.00 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.80 412.00 Td (0.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 399.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 386.00 Td (Weighted average common shares used in computing net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 378.00 Td (income per share of common stock:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 365.00 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 365.00 Td (33,482) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 365.00 Td (31,917) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 365.00 Td (29,579) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 365.00 Td (29,471) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 365.00 Td (29,484) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 365.00 Td (29,364) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 365.00 Td (29,092) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 365.00 Td (28,768) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 352.00 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 352.00 Td (35,011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 352.00 Td (33,483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 352.00 Td (31,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.80 352.00 Td (31,080) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 352.00 Td (30,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 352.00 Td (31,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 497.80 352.00 Td (30,807) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.80 352.00 Td (30,442) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 324.70 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 324.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 324.00 Td (10,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 324.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 324.00 Td (13,780) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 324.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 324.00 Td (10,588) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 324.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 324.00 Td (2,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 324.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 324.00 Td (4,822) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 324.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 324.00 Td (6,222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 324.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 324.00 Td (7,630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 324.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 324.00 Td (3,584) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 311.70 Td (Other comprehensive income, net of taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 298.00 Td (Unrealized gain \(loss\) on investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.10 298.00 Td (\(284) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.80 298.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.10 298.00 Td (\(107) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.80 298.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.80 298.00 Td (101) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.80 298.00 Td (328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.10 298.00 Td (\(319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.80 298.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 298.00 Td (27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.10 298.00 Td (\(41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.80 298.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.80 298.00 Td (171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.50 285.00 Td (Comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.50 285.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 285.00 Td (10,618) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 285.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 297.80 285.00 Td (13,673) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.50 285.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.80 285.00 Td (10,689) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.50 285.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.80 285.00 Td (2,834) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.50 285.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.80 285.00 Td (4,503) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 285.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 285.00 Td (6,249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 285.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 285.00 Td (7,589) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 285.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.80 285.00 Td (3,755) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 189.75 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 189.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 189.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 189.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 189.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 189.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 189.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 189.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 189.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 189.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 189.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 189.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 189.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 189.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 189.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 189.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 159.75 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 159.75 35.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 240.75 m 283 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 240.75 m 288 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 240.75 m 323 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 240.75 m 328 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 240.75 m 363 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 240.75 m 368 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 664.75 m 550.5 664.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.60 684.98 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.15 676.98 Td (Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.80 668.98 Td (of Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.60 684.98 Td (Charged) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 676.98 Td (\(Credited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 668.98 Td (to Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.35 676.98 Td (Deductions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.90 668.98 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.10 684.98 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.55 676.98 Td (End of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.65 668.98 Td (Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 654.42 Td (Allowance for Doubtful Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 639.42 Td (Year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 639.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 639.42 Td (124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 639.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 639.42 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 639.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 639.47 Td (\(200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 639.42 Td (\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 493.00 643.11 Td ( \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 639.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 639.42 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 624.42 Td (Year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 624.42 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 624.42 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 624.47 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 624.42 Td (\)) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 493.00 628.11 Td ( \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 624.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 624.42 Td (124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 609.42 Td (Year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 609.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 609.42 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 609.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.30 609.47 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 609.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 609.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 609.47 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 609.42 Td (\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 493.00 612.02 Td ( \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 609.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 609.42 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 579.42 Td (Income Tax Valuation Allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 564.42 Td (Year ended December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 564.42 Td (3,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 564.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 564.42 Td (1,188) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 493.00 568.11 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 564.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 564.42 Td (5,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 549.42 Td (Year ended December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 549.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 549.42 Td (2,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 549.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 549.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 549.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 549.42 Td (1,004) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 493.00 553.11 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 549.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 549.42 Td (3,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 534.42 Td (Year ended December 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 534.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 534.42 Td (2,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 534.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 534.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 534.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 534.42 Td (841) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 493.00 537.02 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 534.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 534.42 Td (2,897) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 324.90 510.11 Td ( \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.00 506.00 Td (Accounts written off, net of recoveries.) Tj ET Q BT /F1 5.20 Tf ET q 0 0 0 rg BT 324.60 497.11 Td ( \(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.00 493.00 Td (Adjustments to offset changes in deferred tax assets.) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 455.48 Td (ITEM9.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 455.48 Td (CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 445.48 Td (FINANCIAL DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 423.25 Td (Not applicable. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 388.43 Td (ITEM9A.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 388.43 Td (CONTROLS AND PROCEDURES) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 98.68 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.51 358.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 149.33 358.25 Td (e ) Tj ET Q q 0 0 0 rg BT 156.27 358.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 181.64 358.25 Td (ols ) Tj ET Q q 0 0 0 rg BT 195.81 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.43 358.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 224.80 358.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.06 358.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 341.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.83 341.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 152.19 341.25 Td (with ) Tj ET Q q 0 0 0 rg BT 174.74 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.73 341.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 247.04 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.14 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 278.25 341.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 305.24 341.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 349.99 341.25 Td (Of) Tj ET Q q 0 0 0 rg BT 360.36 341.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 383.45 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.66 341.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 429.65 341.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 471.64 341.25 Td (Of) Tj ET Q q 0 0 0 rg BT 482.01 341.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 499.92 341.25 Td (, ) Tj ET Q q 0 0 0 rg BT 507.20 341.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 550.28 341.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 329.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 103.82 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.45 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 130.09 329.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 172.94 329.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 207.46 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.20 329.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 270.37 329.25 Td (as ) Tj ET Q q 0 0 0 rg BT 281.01 329.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.64 329.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 350.03 329.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.03 329.25 Td (. ) Tj ET Q q 0 0 0 rg BT 374.67 329.25 Td (The ) Tj ET Q q 0 0 0 rg BT 392.52 329.25 Td (term ) Tj ET Q q 0 0 0 rg BT 413.15 329.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 460.44 329.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 494.96 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.71 329.25 Td (procedures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.20 317.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 92.55 317.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.70 317.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 127.84 317.25 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 169.08 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.88 317.25 Td (15d-15\(e\) ) Tj ET Q q 0 0 0 rg BT 227.68 317.25 Td (under ) Tj ET Q q 0 0 0 rg BT 252.81 317.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.40 317.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 308.67 317.25 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 317.25 Td (, ) Tj ET Q q 0 0 0 rg BT 327.97 317.25 Td (means ) Tj ET Q q 0 0 0 rg BT 355.88 317.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 390.47 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.27 317.25 Td (other ) Tj ET Q q 0 0 0 rg BT 430.19 317.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 476.42 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.12 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 493.93 317.25 Td (company ) Tj ET Q q 0 0 0 rg BT 532.95 317.25 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 317.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 87.01 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.75 305.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 124.81 305.25 Td (that ) Tj ET Q q 0 0 0 rg BT 141.77 305.25 Td (information ) Tj ET Q q 0 0 0 rg BT 190.94 305.25 Td (required ) Tj ET Q q 0 0 0 rg BT 226.22 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.96 305.25 Td (be ) Tj ET Q q 0 0 0 rg BT 247.36 305.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 286.54 305.25 Td (by ) Tj ET Q q 0 0 0 rg BT 298.50 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 304.90 305.25 Td (company ) Tj ET Q q 0 0 0 rg BT 343.52 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.26 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.44 305.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 397.17 305.25 Td (that ) Tj ET Q q 0 0 0 rg BT 414.12 305.25 Td (it ) Tj ET Q q 0 0 0 rg BT 421.64 305.25 Td (files ) Tj ET Q q 0 0 0 rg BT 440.82 305.25 Td (or ) Tj ET Q q 0 0 0 rg BT 451.11 305.25 Td (submits ) Tj ET Q q 0 0 0 rg BT 484.19 305.25 Td (under ) Tj ET Q q 0 0 0 rg BT 508.92 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.10 305.25 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.43 293.25 Td (is ) Tj ET Q q 0 0 0 rg BT 75.59 293.25 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 115.55 293.25 Td (processed, ) Tj ET Q q 0 0 0 rg BT 159.97 293.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 211.33 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.26 293.25 Td (reported, ) Tj ET Q q 0 0 0 rg BT 266.56 293.25 Td (within ) Tj ET Q q 0 0 0 rg BT 294.61 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.32 293.25 Td (time ) Tj ET Q q 0 0 0 rg BT 329.58 293.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 361.51 293.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 400.09 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.36 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.06 293.25 Td (SEC) Tj ET Q q 0 0 0 rg BT 446.18 293.25 Td (s ) Tj ET Q q 0 0 0 rg BT 452.56 293.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 474.49 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.42 293.25 Td (forms. ) Tj ET Q q 0 0 0 rg BT 519.74 293.25 Td (Disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.59 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.90 281.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 148.63 281.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 183.44 281.25 Td (without ) Tj ET Q q 0 0 0 rg BT 216.86 281.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 261.12 281.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 296.21 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.52 281.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 360.25 281.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 398.67 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.32 281.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 438.29 281.25 Td (that ) Tj ET Q q 0 0 0 rg BT 456.15 281.25 Td (information ) Tj ET Q q 0 0 0 rg BT 506.23 281.25 Td (required ) Tj ET Q q 0 0 0 rg BT 542.42 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 281.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 89.62 269.25 Td (by ) Tj ET Q q 0 0 0 rg BT 102.53 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 109.87 269.25 Td (company ) Tj ET Q q 0 0 0 rg BT 149.43 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.12 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.24 269.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 205.91 269.25 Td (that ) Tj ET Q q 0 0 0 rg BT 223.81 269.25 Td (it ) Tj ET Q q 0 0 0 rg BT 232.27 269.25 Td (files ) Tj ET Q q 0 0 0 rg BT 252.40 269.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.63 269.25 Td (submits ) Tj ET Q q 0 0 0 rg BT 297.65 269.25 Td (under ) Tj ET Q q 0 0 0 rg BT 323.33 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.45 269.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 380.14 269.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 397.48 269.25 Td (is ) Tj ET Q q 0 0 0 rg BT 407.06 269.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 460.49 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 477.83 269.25 Td (communicated ) Tj ET Q q 0 0 0 rg BT 539.61 269.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 269.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (company) Tj ET Q q 0 0 0 rg BT 88.93 257.25 Td (s ) Tj ET Q q 0 0 0 rg BT 94.86 257.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 150.49 257.25 Td (including ) Tj ET Q q 0 0 0 rg BT 190.30 257.25 Td (its ) Tj ET Q q 0 0 0 rg BT 201.79 257.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 239.37 257.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 279.72 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.20 257.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 333.78 257.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.80 257.25 Td (of) Tj ET Q q 0 0 0 rg BT 378.95 257.25 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 405.69 257.25 Td (as ) Tj ET Q q 0 0 0 rg BT 416.06 257.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 463.63 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.45 257.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 497.70 257.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 525.29 257.25 Td (decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 89.32 245.25 Td (required ) Tj ET Q q 0 0 0 rg BT 124.13 245.25 Td (disclosure. ) Tj ET Q q 0 0 0 rg BT 168.68 245.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 222.39 245.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 266.64 245.25 Td (that ) Tj ET Q q 0 0 0 rg BT 283.14 245.25 Td (any ) Tj ET Q q 0 0 0 rg BT 299.08 245.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 332.80 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.74 245.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 396.60 245.25 Td (no ) Tj ET Q q 0 0 0 rg BT 408.11 245.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 435.15 245.25 Td (how ) Tj ET Q q 0 0 0 rg BT 453.87 245.25 Td (well ) Tj ET Q q 0 0 0 rg BT 472.59 245.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 509.64 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.58 245.25 Td (operated, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (can ) Tj ET Q q 0 0 0 rg BT 65.14 233.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 97.45 233.25 Td (only ) Tj ET Q q 0 0 0 rg BT 116.99 233.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 161.50 233.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 202.13 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.22 233.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 252.86 233.25 Td (their ) Tj ET Q q 0 0 0 rg BT 272.94 233.25 Td (objectives ) Tj ET Q q 0 0 0 rg BT 315.25 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.45 233.25 Td (management ) Tj ET Q q 0 0 0 rg BT 384.30 233.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 430.48 233.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 460.57 233.25 Td (its ) Tj ET Q q 0 0 0 rg BT 471.78 233.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 511.32 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.86 233.25 Td (evaluating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.55 221.25 Td (cost-benefit ) Tj ET Q q 0 0 0 rg BT 112.59 221.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 161.64 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.80 221.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 206.42 221.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 240.47 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.75 221.25 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 304.95 221.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 331.22 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 343.06 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.11 221.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 400.60 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.76 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.93 221.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 468.31 221.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 502.37 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.64 221.25 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.17 209.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.83 209.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 129.25 209.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.25 209.25 Td (, ) Tj ET Q q 0 0 0 rg BT 154.09 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 169.76 209.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 194.31 209.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 236.63 209.25 Td (Of) Tj ET Q q 0 0 0 rg BT 247.00 209.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 267.65 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.42 209.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 308.98 209.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 348.53 209.25 Td (Of) Tj ET Q q 0 0 0 rg BT 358.90 209.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 379.55 209.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 422.98 209.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 442.81 209.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.48 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.14 209.25 Td (such ) Tj ET Q q 0 0 0 rg BT 484.81 209.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 506.30 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 521.97 209.25 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.22 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.16 197.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 147.52 197.25 Td (were ) Tj ET Q q 0 0 0 rg BT 169.45 197.25 Td (ef) Tj ET Q q 0 0 0 rg BT 177.04 197.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 206.74 197.25 Td (at ) Tj ET Q q 0 0 0 rg BT 216.46 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.17 197.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 276.43 197.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 317.80 197.25 Td (level.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 171.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 108.10 171.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 140.59 171.25 Td (on ) Tj ET Q q 0 0 0 rg BT 153.65 171.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 191.15 171.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 216.52 171.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 226.80 171.25 Td (Over) Tj ET Q q 0 0 0 rg BT 248.27 171.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.77 171.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 293.28 171.25 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 154.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.81 154.25 Td (management ) Tj ET Q q 0 0 0 rg BT 143.66 154.25 Td (is ) Tj ET Q q 0 0 0 rg BT 152.09 154.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 199.39 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 212.81 154.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 262.35 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.54 154.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 328.07 154.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 365.36 154.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 397.67 154.25 Td (control ) Tj ET Q q 0 0 0 rg BT 427.75 154.25 Td (over ) Tj ET Q q 0 0 0 rg BT 447.28 154.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.02 154.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 522.43 154.25 Td (as ) Tj ET Q q 0 0 0 rg BT 532.52 154.25 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 142.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 85.06 142.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 125.32 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.25 142.25 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 183.07 142.25 Td (under ) Tj ET Q q 0 0 0 rg BT 208.34 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.06 142.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 264.43 142.25 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 125.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 129.05 125.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 166.28 125.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.96 125.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 216.85 125.25 Td (control ) Tj ET Q q 0 0 0 rg BT 248.53 125.25 Td (over ) Tj ET Q q 0 0 0 rg BT 269.65 125.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.98 125.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 347.98 125.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.66 125.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.34 125.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 430.78 125.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.78 125.25 Td (, ) Tj ET Q q 0 0 0 rg BT 456.63 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.19 125.25 Td (end ) Tj ET Q q 0 0 0 rg BT 489.98 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.66 125.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.34 125.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 543.34 125.25 Td (year) Tj ET Q q 0 0 0 rg BT 560.00 125.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 103.08 113.25 Td (based ) Tj ET Q q 0 0 0 rg BT 127.23 113.25 Td (its ) Tj ET Q q 0 0 0 rg BT 138.06 113.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 183.88 113.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.25 113.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 224.94 113.25 Td (established ) Tj ET Q q 0 0 0 rg BT 270.76 113.25 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.92 113.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 313.51 113.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 336.48 113.25 Td (ol-Integrated ) Tj ET Q q 0 0 0 rg BT 390.62 113.25 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.28 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 438.66 113.25 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 466.70 113.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 493.08 113.25 Td (by ) Tj ET Q q 0 0 0 rg BT 504.46 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.06 113.25 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.71 101.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 109.14 101.25 Td (Or) Tj ET Q q 0 0 0 rg BT 119.51 101.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 167.93 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.13 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.02 101.25 Td (T) Tj ET Q q 0 0 0 rg BT 199.78 101.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 236.52 101.25 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 292.46 101.25 Td (Management) Tj ET Q q 0 0 0 rg BT 347.44 101.25 Td (s ) Tj ET Q q 0 0 0 rg BT 354.21 101.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 401.52 101.25 Td (included ) Tj ET Q q 0 0 0 rg BT 438.83 101.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 483.35 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.56 101.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 532.98 101.25 Td (such ) Tj ET Q q 0 0 0 rg BT 554.18 101.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.83 89.25 Td (design ) Tj ET Q q 0 0 0 rg BT 94.05 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.60 89.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 152.47 89.25 Td (ef) Tj ET Q q 0 0 0 rg BT 160.06 89.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 207.60 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.04 89.25 Td (key ) Tj ET Q q 0 0 0 rg BT 236.59 89.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.68 89.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 314.45 89.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 352.28 89.25 Td (process ) Tj ET Q q 0 0 0 rg BT 385.38 89.25 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 450.42 89.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 497.40 89.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 531.62 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.17 89.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 79.76 77.25 Td (control ) Tj ET Q q 0 0 0 rg BT 110.59 77.25 Td (environment.) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 100.28 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 112.62 740.10 Td (management) Tj ET Q q 0 0 0 rg BT 166.48 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.71 740.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 221.99 740.10 Td (they ) Tj ET Q q 0 0 0 rg BT 241.55 740.10 Td (have ) Tj ET Q q 0 0 0 rg BT 262.76 740.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 306.20 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 323.53 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 339.20 740.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 372.08 740.10 Td (control ) Tj ET Q q 0 0 0 rg BT 402.74 740.10 Td (over ) Tj ET Q q 0 0 0 rg BT 422.85 740.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.17 740.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 499.16 740.10 Td (was ) Tj ET Q q 0 0 0 rg BT 517.05 740.10 Td (ef) Tj ET Q q 0 0 0 rg BT 524.64 740.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 554.18 740.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.27 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.92 728.10 Td (end ) Tj ET Q q 0 0 0 rg BT 91.80 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.57 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.23 728.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 141.32 728.10 Td (year ) Tj ET Q q 0 0 0 rg BT 160.97 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.18 728.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 204.17 728.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 249.36 728.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 290.67 728.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 331.42 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.08 728.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 387.40 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.16 728.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 435.58 728.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 474.68 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.56 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.21 728.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 554.18 728.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.55 716.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 142.04 716.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 187.76 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.93 716.10 Td (external ) Tj ET Q q 0 0 0 rg BT 238.65 716.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 278.81 716.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 317.87 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.16 716.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 377.63 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 398.92 716.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 420.21 716.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 446.33 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 452.09 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 460.72 716.10 Td (e ) Tj ET Q q 0 0 0 rg BT 468.67 716.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 508.83 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.55 716.10 Td (results ) Tj ET Q q 0 0 0 rg BT 554.17 716.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (management) Tj ET Q q 0 0 0 rg BT 103.37 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 109.76 704.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 156.70 704.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.98 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.14 704.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 216.42 704.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 263.36 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.19 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.02 704.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 316.96 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.79 704.10 Td (Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 687.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.08 687.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 143.97 687.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 186.42 687.10 Td (public ) Tj ET Q q 0 0 0 rg BT 214.44 687.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 261.33 687.10 Td (firm, ) Tj ET Q q 0 0 0 rg BT 284.08 687.10 Td (Grant ) Tj ET Q q 0 0 0 rg BT 309.65 687.10 Td (Thornton ) Tj ET Q q 0 0 0 rg BT 349.89 687.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 366.56 687.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.08 687.10 Td (independently ) Tj ET Q q 0 0 0 rg BT 431.76 687.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 468.66 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.90 687.10 Td (ef) Tj ET Q q 0 0 0 rg BT 491.49 687.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 538.94 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 687.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (company) Tj ET Q q 0 0 0 rg BT 88.93 675.10 Td (s ) Tj ET Q q 0 0 0 rg BT 95.14 675.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 128.00 675.10 Td (control ) Tj ET Q q 0 0 0 rg BT 158.64 675.10 Td (over ) Tj ET Q q 0 0 0 rg BT 178.72 675.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.01 675.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 257.48 675.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.13 675.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 293.77 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.86 675.10 Td (their ) Tj ET Q q 0 0 0 rg BT 324.50 675.10 Td (attestation ) Tj ET Q q 0 0 0 rg BT 367.91 675.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 396.60 675.10 Td (which ) Tj ET Q q 0 0 0 rg BT 423.36 675.10 Td (is ) Tj ET Q q 0 0 0 rg BT 432.34 675.10 Td (included ) Tj ET Q q 0 0 0 rg BT 469.09 675.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.18 675.10 Td (PartII, ) Tj ET Q q 0 0 0 rg BT 509.27 675.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 537.41 675.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.05 675.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 663.10 Td (Form10-K.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 561.28 Td (ITEM9B.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 561.28 Td (OTHER INFORMATION) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 540.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 540.10 Td (None.) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 740.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 740.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 740.25 Td ( III) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 705.43 Td (ITEM10.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 705.43 Td (DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 684.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.65 684.25 Td (information ) Tj ET Q q 0 0 0 rg BT 139.47 684.25 Td (under ) Tj ET Q q 0 0 0 rg BT 163.85 684.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.68 684.25 Td (captions ) Tj ET Q q 0 0 0 rg BT 212.61 684.25 Td (Election ) Tj ET Q q 0 0 0 rg BT 251.98 684.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.91 684.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 305.17 684.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.21 684.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 357.25 684.25 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 379.96 684.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 422.66 684.25 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 468.15 684.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 509.75 684.25 Td (Compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 672.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 672.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.61 672.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.61 672.25 Td ( ) Tj ET Q q 0 0 0 rg BT 98.11 672.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 124.50 672.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 166.99 672.25 Td (is ) Tj ET Q q 0 0 0 rg BT 176.16 672.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 229.19 672.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 256.68 672.25 Td (by ) Tj ET Q q 0 0 0 rg BT 269.18 672.25 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 637.43 Td (ITEM11.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 558.48 Td (ITEM12.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 480.48 Td (ITEM13.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 402.43 Td (ITEM14.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 402.43 Td (PRINCIPAL ACCOUNTING FEES AND SERVICES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 381.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.22 381.25 Td (information ) Tj ET Q q 0 0 0 rg BT 142.61 381.25 Td (under ) Tj ET Q q 0 0 0 rg BT 168.55 381.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.94 381.25 Td (caption ) Tj ET Q q 0 0 0 rg BT 216.55 381.25 Td (Ratification ) Tj ET Q q 0 0 0 rg BT 271.37 381.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.87 381.25 Td (Selection ) Tj ET Q q 0 0 0 rg BT 323.26 381.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.76 381.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 387.36 381.25 Td (Registered ) Tj ET Q q 0 0 0 rg BT 433.29 381.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 461.32 381.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 511.15 381.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 538.21 381.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 381.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 369.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 369.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 369.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 98.39 369.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 140.88 369.25 Td (is ) Tj ET Q q 0 0 0 rg BT 150.05 369.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 203.08 369.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 230.57 369.25 Td (by ) Tj ET Q q 0 0 0 rg BT 243.07 369.25 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 352.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.54 352.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 95.70 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.53 352.25 Td (exception ) Tj ET Q q 0 0 0 rg BT 152.01 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.95 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.78 352.25 Td (information ) Tj ET Q q 0 0 0 rg BT 227.60 352.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 276.30 352.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 329.44 352.25 Td (by ) Tj ET Q q 0 0 0 rg BT 342.05 352.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 381.84 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.23 352.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 410.95 352.25 Td (III ) Tj ET Q q 0 0 0 rg BT 423.55 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.94 352.25 Td (this ) Tj ET Q q 0 0 0 rg BT 450.42 352.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 482.47 352.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 512.30 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 524.91 352.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 549.19 352.25 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (K ) Tj ET Q q 0 0 0 rg BT 59.22 340.25 Td (from ) Tj ET Q q 0 0 0 rg BT 81.16 340.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.99 340.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.99 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.49 340.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 145.88 340.25 Td (Statement, ) Tj ET Q q 0 0 0 rg BT 190.87 340.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.70 340.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.70 340.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.20 340.25 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 255.59 340.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 298.08 340.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 319.47 340.25 Td (not ) Tj ET Q q 0 0 0 rg BT 334.75 340.25 Td (be ) Tj ET Q q 0 0 0 rg BT 346.69 340.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 380.28 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.56 340.25 Td (be ) Tj ET Q q 0 0 0 rg BT 402.50 340.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 423.32 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 434.15 340.25 Td (part ) Tj ET Q q 0 0 0 rg BT 452.20 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.03 340.25 Td (this ) Tj ET Q q 0 0 0 rg BT 479.98 340.25 Td (report.) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 740.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 740.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 740.25 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 705.43 Td (ITEM15.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.50 705.43 Td (EXHIBITS AND FINANCIAL STATEMENT SCHEDULES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 665.42 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 665.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.15 665.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 675.42 Td (Financial StatementsThe financial statements filed as part of this report are listed on the Index to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 665.42 Td (Consolidated Financial Statements in Item8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.80 640.42 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.15 640.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 650.42 Td (Financial Statement SchedulesThe financial statement schedules filed as part of this report are listed on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.50 640.42 Td (the Index to Consolidated Financial Statements in Item8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 615.42 Td (\(b\)Exhibits.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.25 Td (Reference is made to the Exhibit Index attached hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.85 562.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 562.25 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 545.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 110.91 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.11 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.74 545.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 190.35 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.10 545.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 233.50 545.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 245.92 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 256.66 545.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 289.07 545.25 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 313.14 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.89 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.52 545.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 380.36 545.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 421.67 545.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 438.52 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.27 545.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 474.18 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.81 545.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 528.99 545.25 Td (has ) Tj ET Q q 0 0 0 rg BT 544.73 545.25 Td (duly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 79.21 533.25 Td (this ) Tj ET Q q 0 0 0 rg BT 96.16 533.25 Td (report ) Tj ET Q q 0 0 0 rg BT 122.53 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.81 533.25 Td (be ) Tj ET Q q 0 0 0 rg BT 144.75 533.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 173.36 533.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.86 533.25 Td (its ) Tj ET Q q 0 0 0 rg BT 197.81 533.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 225.29 533.25 Td (by ) Tj ET Q q 0 0 0 rg BT 237.79 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.51 533.25 Td (undersigned, ) Tj ET Q q 0 0 0 rg BT 306.38 533.25 Td (thereunto ) Tj ET Q q 0 0 0 rg BT 346.65 533.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 366.93 533.25 Td (authorized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294 469.75 m 563 469.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.50 496.48 Td (ELLIEMAE,INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 475.32 Td (Date:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.90 475.32 Td (February 21, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.05 474.42 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 475.32 Td (/s/ Edgar A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 460.32 Td (Edgar A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 445.47 Td (Executive ) Tj ET Q q 0 0 0 rg BT 338.80 445.47 Td (V) Tj ET Q q 0 0 0 rg BT 345.42 445.47 Td (ice President, Finance and ) Tj ET Q q 0 0 0 rg BT 452.33 445.47 Td (Administration and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.50 435.47 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 371.30 435.47 Td (ficer) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.50 425.46 Td (\(Principal Financial and ) Tj ET Q q 0 0 0 rg BT 398.80 425.46 Td (Accounting Officer and duly authorized ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.50 415.46 Td (signatory\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.40 370.65 Td (POWER OF) Tj ET Q q 0 0 0 rg BT 304.19 370.65 Td ( ) Tj ET Q q 0 0 0 rg BT 306.14 370.65 Td (A) Tj ET Q q 0 0 0 rg BT 312.62 370.65 Td (TT) Tj ET Q q 0 0 0 rg BT 325.78 370.65 Td (ORNEY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 353.65 Td (KNOW) Tj ET Q q 0 0 0 rg BT 104.42 353.65 Td ( ) Tj ET Q q 0 0 0 rg BT 107.50 353.65 Td (ALL) Tj ET Q q 0 0 0 rg BT 126.57 353.65 Td ( ) Tj ET Q q 0 0 0 rg BT 130.52 353.65 Td (PERSONS ) Tj ET Q q 0 0 0 rg BT 178.38 353.65 Td (BY) Tj ET Q q 0 0 0 rg BT 191.90 353.65 Td ( ) Tj ET Q q 0 0 0 rg BT 195.56 353.65 Td (THESE ) Tj ET Q q 0 0 0 rg BT 230.62 353.65 Td (PRESENTS, ) Tj ET Q q 0 0 0 rg BT 285.98 353.65 Td (that ) Tj ET Q q 0 0 0 rg BT 304.92 353.65 Td (each ) Tj ET Q q 0 0 0 rg BT 327.19 353.65 Td (person ) Tj ET Q q 0 0 0 rg BT 357.80 353.65 Td (whose ) Tj ET Q q 0 0 0 rg BT 387.30 353.65 Td (individual ) Tj ET Q q 0 0 0 rg BT 431.81 353.65 Td (signature ) Tj ET Q q 0 0 0 rg BT 472.41 353.65 Td (appears ) Tj ET Q q 0 0 0 rg BT 506.90 353.65 Td (below ) Tj ET Q q 0 0 0 rg BT 535.29 353.65 Td (hereby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.65 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 92.94 341.65 Td (and ) Tj ET Q q 0 0 0 rg BT 109.72 341.65 Td (appoints ) Tj ET Q q 0 0 0 rg BT 145.96 341.65 Td (Jonathan ) Tj ET Q q 0 0 0 rg BT 183.85 341.65 Td (Corr) Tj ET Q q 0 0 0 rg BT 201.78 341.65 Td (, ) Tj ET Q q 0 0 0 rg BT 206.63 341.65 Td (Edgar ) Tj ET Q q 0 0 0 rg BT 232.33 341.65 Td (A. ) Tj ET Q q 0 0 0 rg BT 244.40 341.65 Td (Luce ) Tj ET Q q 0 0 0 rg BT 266.73 341.65 Td (and ) Tj ET Q q 0 0 0 rg BT 283.52 341.65 Td (Matthew ) Tj ET Q q 0 0 0 rg BT 321.41 341.65 Td (LaV) Tj ET Q q 0 0 0 rg BT 338.07 341.65 Td (ay) Tj ET Q q 0 0 0 rg BT 346.86 341.65 Td (, ) Tj ET Q q 0 0 0 rg BT 351.70 341.65 Td (and ) Tj ET Q q 0 0 0 rg BT 368.49 341.65 Td (each ) Tj ET Q q 0 0 0 rg BT 389.15 341.65 Td (of ) Tj ET Q q 0 0 0 rg BT 399.83 341.65 Td (them, ) Tj ET Q q 0 0 0 rg BT 424.67 341.65 Td (with ) Tj ET Q q 0 0 0 rg BT 444.79 341.65 Td (full ) Tj ET Q q 0 0 0 rg BT 461.03 341.65 Td (power ) Tj ET Q q 0 0 0 rg BT 488.36 341.65 Td (of ) Tj ET Q q 0 0 0 rg BT 499.04 341.65 Td (substitution ) Tj ET Q q 0 0 0 rg BT 548.06 341.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.65 Td (resubstitution ) Tj ET Q q 0 0 0 rg BT 106.67 329.65 Td (and ) Tj ET Q q 0 0 0 rg BT 123.84 329.65 Td (full ) Tj ET Q q 0 0 0 rg BT 140.46 329.65 Td (power ) Tj ET Q q 0 0 0 rg BT 168.18 329.65 Td (to ) Tj ET Q q 0 0 0 rg BT 178.68 329.65 Td (act ) Tj ET Q q 0 0 0 rg BT 193.07 329.65 Td (without ) Tj ET Q q 0 0 0 rg BT 226.36 329.65 Td (the ) Tj ET Q q 0 0 0 rg BT 241.30 329.65 Td (other) Tj ET Q q 0 0 0 rg BT 261.45 329.65 Td (, ) Tj ET Q q 0 0 0 rg BT 266.68 329.65 Td (as ) Tj ET Q q 0 0 0 rg BT 277.74 329.65 Td (his ) Tj ET Q q 0 0 0 rg BT 292.14 329.65 Td (or ) Tj ET Q q 0 0 0 rg BT 303.20 329.65 Td (her ) Tj ET Q q 0 0 0 rg BT 318.69 329.65 Td (true ) Tj ET Q q 0 0 0 rg BT 336.97 329.65 Td (and ) Tj ET Q q 0 0 0 rg BT 354.14 329.65 Td (lawful ) Tj ET Q q 0 0 0 rg BT 382.42 329.65 Td (attorney-in-fact ) Tj ET Q q 0 0 0 rg BT 447.33 329.65 Td (and ) Tj ET Q q 0 0 0 rg BT 464.50 329.65 Td (agent ) Tj ET Q q 0 0 0 rg BT 488.88 329.65 Td (to ) Tj ET Q q 0 0 0 rg BT 499.39 329.65 Td (act ) Tj ET Q q 0 0 0 rg BT 513.78 329.65 Td (in ) Tj ET Q q 0 0 0 rg BT 524.29 329.65 Td (his ) Tj ET Q q 0 0 0 rg BT 538.68 329.65 Td (or ) Tj ET Q q 0 0 0 rg BT 549.74 329.65 Td (her ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.65 Td (name, ) Tj ET Q q 0 0 0 rg BT 76.44 317.65 Td (place ) Tj ET Q q 0 0 0 rg BT 100.33 317.65 Td (and ) Tj ET Q q 0 0 0 rg BT 117.56 317.65 Td (stead ) Tj ET Q q 0 0 0 rg BT 140.89 317.65 Td (and ) Tj ET Q q 0 0 0 rg BT 158.12 317.65 Td (to ) Tj ET Q q 0 0 0 rg BT 168.69 317.65 Td (execute ) Tj ET Q q 0 0 0 rg BT 202.01 317.65 Td (in ) Tj ET Q q 0 0 0 rg BT 212.58 317.65 Td (the ) Tj ET Q q 0 0 0 rg BT 227.58 317.65 Td (name ) Tj ET Q q 0 0 0 rg BT 252.03 317.65 Td (and ) Tj ET Q q 0 0 0 rg BT 269.26 317.65 Td (on ) Tj ET Q q 0 0 0 rg BT 282.05 317.65 Td (behalf ) Tj ET Q q 0 0 0 rg BT 309.82 317.65 Td (of ) Tj ET Q q 0 0 0 rg BT 320.94 317.65 Td (each ) Tj ET Q q 0 0 0 rg BT 342.05 317.65 Td (person, ) Tj ET Q q 0 0 0 rg BT 374.00 317.65 Td (individually ) Tj ET Q q 0 0 0 rg BT 425.12 317.65 Td (and ) Tj ET Q q 0 0 0 rg BT 442.34 317.65 Td (in ) Tj ET Q q 0 0 0 rg BT 452.91 317.65 Td (each ) Tj ET Q q 0 0 0 rg BT 474.02 317.65 Td (capacity ) Tj ET Q q 0 0 0 rg BT 510.12 317.65 Td (stated ) Tj ET Q q 0 0 0 rg BT 536.23 317.65 Td (below) Tj ET Q q 0 0 0 rg BT 560.02 317.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.65 Td (and ) Tj ET Q q 0 0 0 rg BT 66.42 305.65 Td (to ) Tj ET Q q 0 0 0 rg BT 76.68 305.65 Td (file ) Tj ET Q q 0 0 0 rg BT 92.48 305.65 Td (any ) Tj ET Q q 0 0 0 rg BT 109.40 305.65 Td (and ) Tj ET Q q 0 0 0 rg BT 126.32 305.65 Td (all ) Tj ET Q q 0 0 0 rg BT 138.79 305.65 Td (amendments ) Tj ET Q q 0 0 0 rg BT 191.81 305.65 Td (to ) Tj ET Q q 0 0 0 rg BT 202.07 305.65 Td (this ) Tj ET Q q 0 0 0 rg BT 218.45 305.65 Td (Annual ) Tj ET Q q 0 0 0 rg BT 250.37 305.65 Td (Report ) Tj ET Q q 0 0 0 rg BT 280.06 305.65 Td (on ) Tj ET Q q 0 0 0 rg BT 292.54 305.65 Td (Form ) Tj ET Q q 0 0 0 rg BT 316.69 305.65 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 342.23 305.65 Td (and ) Tj ET Q q 0 0 0 rg BT 359.14 305.65 Td (to ) Tj ET Q q 0 0 0 rg BT 369.40 305.65 Td (file ) Tj ET Q q 0 0 0 rg BT 385.21 305.65 Td (the ) Tj ET Q q 0 0 0 rg BT 399.90 305.65 Td (same, ) Tj ET Q q 0 0 0 rg BT 425.43 305.65 Td (with ) Tj ET Q q 0 0 0 rg BT 445.69 305.65 Td (all ) Tj ET Q q 0 0 0 rg BT 458.16 305.65 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 492.31 305.65 Td (thereto, ) Tj ET Q q 0 0 0 rg BT 525.05 305.65 Td (and ) Tj ET Q q 0 0 0 rg BT 541.97 305.65 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.65 Td (documents ) Tj ET Q q 0 0 0 rg BT 94.53 293.65 Td (in ) Tj ET Q q 0 0 0 rg BT 104.02 293.65 Td (connection ) Tj ET Q q 0 0 0 rg BT 149.60 293.65 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 191.58 293.65 Td (with ) Tj ET Q q 0 0 0 rg BT 211.06 293.65 Td (the ) Tj ET Q q 0 0 0 rg BT 224.99 293.65 Td (Securities ) Tj ET Q q 0 0 0 rg BT 266.13 293.65 Td (and ) Tj ET Q q 0 0 0 rg BT 282.28 293.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 323.41 293.65 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 378.19 293.65 Td (granting ) Tj ET Q q 0 0 0 rg BT 413.22 293.65 Td (unto ) Tj ET Q q 0 0 0 rg BT 432.71 293.65 Td (said ) Tj ET Q q 0 0 0 rg BT 450.53 293.65 Td (attorneys-in-fact ) Tj ET Q q 0 0 0 rg BT 518.31 293.65 Td (and ) Tj ET Q q 0 0 0 rg BT 534.46 293.65 Td (agents, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.65 Td (and ) Tj ET Q q 0 0 0 rg BT 66.42 281.65 Td (each ) Tj ET Q q 0 0 0 rg BT 87.22 281.65 Td (of ) Tj ET Q q 0 0 0 rg BT 98.03 281.65 Td (them, ) Tj ET Q q 0 0 0 rg BT 123.01 281.65 Td (full ) Tj ET Q q 0 0 0 rg BT 139.38 281.65 Td (power ) Tj ET Q q 0 0 0 rg BT 166.85 281.65 Td (and ) Tj ET Q q 0 0 0 rg BT 183.77 281.65 Td (authority ) Tj ET Q q 0 0 0 rg BT 222.35 281.65 Td (to ) Tj ET Q q 0 0 0 rg BT 232.61 281.65 Td (do ) Tj ET Q q 0 0 0 rg BT 245.10 281.65 Td (and ) Tj ET Q q 0 0 0 rg BT 262.02 281.65 Td (perform ) Tj ET Q q 0 0 0 rg BT 296.71 281.65 Td (each ) Tj ET Q q 0 0 0 rg BT 317.50 281.65 Td (and ) Tj ET Q q 0 0 0 rg BT 334.42 281.65 Td (every ) Tj ET Q q 0 0 0 rg BT 359.11 281.65 Td (act ) Tj ET Q q 0 0 0 rg BT 373.25 281.65 Td (and ) Tj ET Q q 0 0 0 rg BT 390.17 281.65 Td (thing, ) Tj ET Q q 0 0 0 rg BT 415.71 281.65 Td (ratifying ) Tj ET Q q 0 0 0 rg BT 452.62 281.65 Td (and ) Tj ET Q q 0 0 0 rg BT 469.54 281.65 Td (confirming ) Tj ET Q q 0 0 0 rg BT 516.46 281.65 Td (all ) Tj ET Q q 0 0 0 rg BT 528.94 281.65 Td (that ) Tj ET Q q 0 0 0 rg BT 546.41 281.65 Td (said ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.65 Td (attorneys-in-fact ) Tj ET Q q 0 0 0 rg BT 118.15 269.65 Td (and ) Tj ET Q q 0 0 0 rg BT 135.17 269.65 Td (agents ) Tj ET Q q 0 0 0 rg BT 163.29 269.65 Td (or ) Tj ET Q q 0 0 0 rg BT 174.20 269.65 Td (any ) Tj ET Q q 0 0 0 rg BT 191.21 269.65 Td (of ) Tj ET Q q 0 0 0 rg BT 202.12 269.65 Td (them ) Tj ET Q q 0 0 0 rg BT 224.69 269.65 Td (or ) Tj ET Q q 0 0 0 rg BT 235.59 269.65 Td (their ) Tj ET Q q 0 0 0 rg BT 256.49 269.65 Td (or ) Tj ET Q q 0 0 0 rg BT 267.40 269.65 Td (his ) Tj ET Q q 0 0 0 rg BT 281.65 269.65 Td (substitute ) Tj ET Q q 0 0 0 rg BT 322.56 269.65 Td (or ) Tj ET Q q 0 0 0 rg BT 333.46 269.65 Td (substitutes ) Tj ET Q q 0 0 0 rg BT 378.26 269.65 Td (may ) Tj ET Q q 0 0 0 rg BT 398.06 269.65 Td (lawfully ) Tj ET Q q 0 0 0 rg BT 433.96 269.65 Td (do ) Tj ET Q q 0 0 0 rg BT 446.53 269.65 Td (or ) Tj ET Q q 0 0 0 rg BT 457.44 269.65 Td (cause ) Tj ET Q q 0 0 0 rg BT 482.22 269.65 Td (to ) Tj ET Q q 0 0 0 rg BT 492.58 269.65 Td (be ) Tj ET Q q 0 0 0 rg BT 504.59 269.65 Td (done ) Tj ET Q q 0 0 0 rg BT 526.60 269.65 Td (by ) Tj ET Q q 0 0 0 rg BT 539.18 269.65 Td (virtue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.65 Td (thereof.) 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Barr Dolan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 464.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.90 464.17 Td (February 21, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 449.17 Td (A. Barr Dolan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.05 423.17 Td (/s/ Robert J. Levin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 423.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.90 423.17 Td (February 21, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 408.17 Td (Robert J. Levin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.70 382.17 Td (/s/ Marina Levinson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 382.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.90 382.17 Td (February 21, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.70 367.17 Td (Marina Levinson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.10 341.17 Td (/s/ Frank Schultz) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 341.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.90 341.17 Td (February 21, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.05 326.17 Td (Frank Schultz) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 300.17 Td (/s/ Jeb Spencer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 300.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.90 300.17 Td (February 21, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.95 285.17 Td (Jeb Spencer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.05 259.17 Td (/s/ Rajat Taneja) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.30 259.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.90 259.17 Td (February 21, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 244.17 Td (Rajat Taneja) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.15 740.25 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 290.70 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 297.19 740.25 Td (O EXHIBITS) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 699.75 m 390 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 699.75 m 394 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 699.75 m 450 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 699.75 m 454 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 699.75 m 502 699.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 57 686.75 m 103 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 103 686.75 m 115 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 686.75 m 338 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 686.75 m 342 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 686.75 m 390 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 686.75 m 394 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 686.75 m 450 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 686.75 m 454 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 686.75 m 502 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 686.75 m 506 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 686.75 m 554 686.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.65 703.48 Td (Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.10 703.48 Td (Incorporated by Reference) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 703.48 Td (Filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.80 690.48 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.65 690.48 Td (Description of Document) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 690.48 Td (Form) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 690.48 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.80 690.48 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.55 690.48 Td (Herewith) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.65 677.32 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 676.42 Td (Underwriting Agreement, dated as of August 3, 2016,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 666.42 Td (by and among Ellie Mae, Inc. and J.P. 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.70 353.42 Td (8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.70 353.42 Td (1/5/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.75 353.42 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 328.32 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 328.32 Td (Employment Agreement, dated as of January 5, 2015,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 318.32 Td (by and between Ellie Mae, Inc. and Jonathan H. Corr.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.70 318.42 Td (8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.70 318.42 Td (1/5/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.75 318.42 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 293.32 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 293.32 Td (Offer Letter, dated as of July 14, 2005, by and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 283.32 Td (between Ellie Mae, Inc. and Edgar Luce.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.55 114.32 Td (S-8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.40 114.32 Td (5/25/2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.75 114.32 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.40 89.32 Td (10.12\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 88.42 Td (Form of Stock Option Grant Notice and Stock Option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 78.42 Td (Agreement for Awards under the Ellie Mae, Inc. 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 68.42 Td (Equity Incentive Award Plan \(used until January 1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 58.42 Td (2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.55 58.42 Td (S-8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.40 58.42 Td (5/25/2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.75 58.42 Td (10.6) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 733.5 m 390 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 733.5 m 394 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 733.5 m 450 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 733.5 m 454 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 733.5 m 502 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 57 720.5 m 103 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 103 720.5 m 115 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 720.5 m 338 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 720.5 m 342 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342 720.5 m 390 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 720.5 m 394 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 720.5 m 450 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 720.5 m 454 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 720.5 m 502 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 720.5 m 506 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 720.5 m 554 720.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.65 737.23 Td (Exhibit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.10 737.23 Td (Incorporated by Reference) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 737.23 Td (Filed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.80 724.23 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.65 724.23 Td (Description of Document) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.55 724.23 Td (Form) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 724.23 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.80 724.23 Td (Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.55 724.23 Td (Herewith) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.85 700.07 Td (10.12\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 699.17 Td (Form of Stock Option Grant Notice and Stock Option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 689.17 Td (Agreement for Awards under the Ellie Mae, Inc. 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 679.17 Td (Equity Incentive Award Plan \(used for employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 669.17 Td (who are not executive officers beginning January 1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 659.17 Td (2015\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.55 547.17 Td (S-8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.40 547.17 Td (5/25/2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.75 547.17 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.40 522.07 Td (10.12\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 521.17 Td (Form of Restricted Stock Unit Award Grant Notice) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 511.17 Td (and Restricted Stock Unit Award Agreement for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 501.17 Td (Awards under the Ellie Mae, Inc. 2011 Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 491.17 Td (Incentive Plan \(used for employees who are not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 481.17 Td (executive officers beginning January 1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.55 481.17 Td (S-8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.20 481.17 Td (2/10/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.90 481.17 Td (10.3\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.50 456.07 Td (10.13\(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 455.17 Td (Form of Restricted Stock Unit Award Grant Notice) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 445.17 Td (and Restricted Stock Unit Award Agreement for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 435.17 Td (Awards under the Ellie Mae, Inc. 2011 Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 425.17 Td (Incentive Plan \(used for executive officers and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 415.17 Td (directors beginning January 1, 2015\).) 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113.30859375 654.8220703125 l s q 0 0 0 rg BT 77.33 656.70 Td (Parties) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 113.31 656.70 Td (\) ) Tj ET Q q 0 0 0 rg BT 125.63 656.70 Td (ef) Tj ET Q q 0 0 0 rg BT 134.74 656.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 170.38 656.70 Td (as ) Tj ET Q q 0 0 0 rg BT 183.38 656.70 Td (of ) Tj ET Q q 0 0 0 rg BT 196.37 656.70 Td (December ) Tj ET Q q 0 0 0 rg BT 248.67 656.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 260.67 656.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 290.67 656.70 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 630.30 Td (WHEREAS,) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 172.35 630.30 Td ( ) Tj ET Q q 0 0 0 rg BT 176.05 630.30 Td (Executive) Tj ET Q q 0 0 0 rg BT 227.36 630.30 Td (s ) Tj ET Q q 0 0 0 rg BT 235.73 630.30 Td (current ) Tj ET Q q 0 0 0 rg BT 273.42 630.30 Td (title ) Tj ET Q q 0 0 0 rg BT 295.78 630.30 Td (and ) Tj ET Q q 0 0 0 rg BT 316.81 630.30 Td (position ) Tj ET Q q 0 0 0 rg BT 359.19 630.30 Td (with ) Tj ET Q q 0 0 0 rg BT 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482.068359375 614.0220703125 l s q 0 0 0 rg BT 409.78 615.90 Td (Effective ) Tj ET Q q 0 0 0 rg BT 458.08 615.90 Td (Date) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 482.07 615.90 Td (\); ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 589.50 Td (WHEREAS, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 177.66 589.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 230.94 589.50 Td (wishes ) Tj ET Q q 0 0 0 rg BT 268.91 589.50 Td (to ) Tj ET Q q 0 0 0 rg BT 283.55 589.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 330.18 589.50 Td (his ) Tj ET Q q 0 0 0 rg BT 349.49 589.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 414.79 589.50 Td (with ) Tj ET Q q 0 0 0 rg BT 441.43 589.50 Td (the ) Tj ET Q q 0 0 0 rg BT 461.40 589.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.37 589.50 Td (as ) Tj ET Q q 0 0 0 rg BT 528.67 589.50 Td (an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 575.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 124.27 575.10 Td (contributor ) Tj ET Q q 0 0 0 rg BT 181.20 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.15 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.42 575.10 Td (Company) Tj ET Q q 0 0 0 rg BT 262.42 575.10 Td (s ) Tj ET Q q 0 0 0 rg BT 270.70 575.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 327.63 575.10 Td (or) Tj ET Q q 0 0 0 rg BT 337.41 575.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 391.00 575.10 Td (with ) Tj ET Q q 0 0 0 rg BT 415.95 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.22 575.10 Td (title ) Tj ET Q q 0 0 0 rg BT 456.49 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.10 575.10 Td (Founder) Tj ET Q q 0 0 0 rg BT 509.61 575.10 Td (, ) Tj ET Q q 0 0 0 rg BT 516.22 575.10 Td (CT) Tj ET Q q 0 0 0 rg BT 531.34 575.10 Td (O ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 560.70 Td (Emeritus; ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 534.30 Td (WHEREAS, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 175.77 534.30 Td (the ) Tj ET Q q 0 0 0 rg BT 193.86 534.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.95 534.30 Td (desires ) Tj ET Q q 0 0 0 rg BT 280.69 534.30 Td (to ) Tj ET Q q 0 0 0 rg BT 293.45 534.30 Td (assure ) Tj ET Q q 0 0 0 rg BT 326.87 534.30 Td (itself ) Tj ET Q q 0 0 0 rg BT 354.28 534.30 Td (of ) Tj ET Q q 0 0 0 rg BT 367.71 534.30 Td (the ) Tj ET Q q 0 0 0 rg BT 385.79 534.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 436.54 534.30 Td (services ) Tj ET Q q 0 0 0 rg BT 478.61 534.30 Td (of ) Tj ET Q q 0 0 0 rg BT 492.03 534.30 Td (Executive ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 519.90 Td (through ) Tj ET Q q 0 0 0 rg BT 112.33 519.90 Td (at ) Tj ET Q q 0 0 0 rg BT 123.99 519.90 Td (least ) Tj ET Q q 0 0 0 rg BT 148.98 519.90 Td (March ) Tj ET Q q 0 0 0 rg BT 183.30 519.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 201.30 519.90 Td (2019 ) Tj ET Q q 0 0 0 rg BT 228.30 519.90 Td (by ) Tj ET Q q 0 0 0 rg BT 243.30 519.90 Td (engaging ) Tj ET Q q 0 0 0 rg BT 290.29 519.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 341.26 519.90 Td (under ) Tj ET Q q 0 0 0 rg BT 371.58 519.90 Td (the ) Tj ET Q q 0 0 0 rg BT 389.24 519.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 418.90 519.90 Td (set ) Tj ET Q q 0 0 0 rg BT 435.23 519.90 Td (forth ) Tj ET Q q 0 0 0 rg BT 461.56 519.90 Td (herein; ) Tj ET Q q 0 0 0 rg BT 497.88 519.90 Td (and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 493.50 Td (WHEREAS,) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 172.35 493.50 Td ( ) Tj ET Q q 0 0 0 rg BT 176.33 493.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 228.28 493.50 Td (desires ) Tj ET Q q 0 0 0 rg BT 265.59 493.50 Td (to ) Tj ET Q q 0 0 0 rg BT 278.90 493.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 319.54 493.50 Td (services ) Tj ET Q q 0 0 0 rg BT 362.17 493.50 Td (to ) Tj ET Q q 0 0 0 rg BT 375.48 493.50 Td (the ) Tj ET Q q 0 0 0 rg BT 394.12 493.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 444.76 493.50 Td (on ) Tj ET Q q 0 0 0 rg BT 460.74 493.50 Td (the ) Tj ET Q q 0 0 0 rg BT 479.38 493.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 510.02 493.50 Td (herein ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 479.10 Td (provided. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 452.70 Td (NOW) Tj ET Q q 0 0 0 rg BT 136.90 452.70 Td (, ) Tj ET Q q 0 0 0 rg BT 142.66 452.70 Td (THEREFORE,) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 221.01 452.70 Td ( ) Tj ET Q q 0 0 0 rg BT 223.98 452.70 Td (in ) Tj ET Q q 0 0 0 rg BT 236.30 452.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 303.92 452.70 Td (of ) Tj ET Q q 0 0 0 rg BT 316.90 452.70 Td (the ) Tj ET Q q 0 0 0 rg BT 334.53 452.70 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 387.16 452.70 Td (and ) Tj ET Q q 0 0 0 rg BT 407.47 452.70 Td (for ) Tj ET Q q 0 0 0 rg BT 424.44 452.70 Td (other ) Tj ET Q q 0 0 0 rg BT 452.07 452.70 Td (good ) Tj ET Q q 0 0 0 rg BT 479.05 452.70 Td (and ) Tj ET Q q 0 0 0 rg BT 499.35 452.70 Td (valuable ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 438.30 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 142.89 438.30 Td (including ) Tj ET Q q 0 0 0 rg BT 191.47 438.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.37 438.30 Td (respective ) Tj ET Q q 0 0 0 rg BT 261.26 438.30 Td (covenants ) Tj ET Q q 0 0 0 rg BT 312.49 438.30 Td (and ) Tj ET Q q 0 0 0 rg BT 333.06 438.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 390.94 438.30 Td (set ) Tj ET Q q 0 0 0 rg BT 407.52 438.30 Td (forth ) Tj ET Q q 0 0 0 rg BT 434.09 438.30 Td (below) Tj ET Q q 0 0 0 rg BT 462.64 438.30 Td (, ) Tj ET Q q 0 0 0 rg BT 468.88 438.30 Td (the ) Tj ET Q q 0 0 0 rg BT 486.79 438.30 Td (receipt ) Tj ET Q q 0 0 0 rg BT 522.68 438.30 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 423.90 Td (suf) Tj ET Q q 0 0 0 rg BT 86.45 423.90 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 128.09 423.90 Td (of ) Tj ET Q q 0 0 0 rg BT 141.09 423.90 Td (which ) Tj ET Q q 0 0 0 rg BT 173.41 423.90 Td (are ) Tj ET Q q 0 0 0 rg BT 191.06 423.90 Td (hereby ) Tj ET Q q 0 0 0 rg BT 226.71 423.90 Td (acknowledged, ) Tj ET Q q 0 0 0 rg BT 302.02 423.90 Td (the ) Tj ET Q q 0 0 0 rg BT 319.68 423.90 Td (Parties ) Tj ET Q q 0 0 0 rg BT 355.34 423.90 Td (hereto ) Tj ET Q q 0 0 0 rg BT 388.32 423.90 Td (agree ) Tj ET Q q 0 0 0 rg BT 417.29 423.90 Td (as ) Tj ET Q q 0 0 0 rg BT 430.29 423.90 Td (follows:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 397.50 Td (1. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 395.6220703125 m 210 395.6220703125 l s q 0 0 0 rg BT 144.00 397.50 Td (Employment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.00 397.50 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 371.10 Td (Executive) Tj ET Q q 0 0 0 rg BT 159.31 371.10 Td (s ) Tj ET Q q 0 0 0 rg BT 167.82 371.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 231.66 371.10 Td (as ) Tj ET Q q 0 0 0 rg BT 245.50 371.10 Td (Founder) Tj ET Q q 0 0 0 rg BT 285.01 371.10 Td (, ) Tj ET Q q 0 0 0 rg BT 291.86 371.10 Td (CT) Tj ET Q q 0 0 0 rg BT 306.97 371.10 Td (O ) Tj ET Q q 0 0 0 rg BT 319.48 371.10 Td (Emeritus ) Tj ET Q q 0 0 0 rg BT 366.65 371.10 Td (will ) Tj ET Q q 0 0 0 rg BT 389.16 371.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 419.67 371.10 Td (January ) Tj ET Q q 0 0 0 rg BT 460.83 371.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 473.67 371.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 501.52 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.69 371.10 Td (end ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 356.70 Td (March ) Tj ET Q q 0 0 0 rg BT 105.58 356.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 122.84 356.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 149.09 356.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 170.01 356.70 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 175.3359375 354.8220703125 m 202.88671875 354.8220703125 l s q 0 0 0 rg BT 175.34 356.70 Td (T) Tj ET Q q 0 0 0 rg BT 182.24 356.70 Td (erm) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 202.89 356.70 Td (\) ) Tj ET Q q 0 0 0 rg BT 214.47 356.70 Td (unless ) Tj ET Q q 0 0 0 rg BT 246.73 356.70 Td (terminated ) Tj ET Q q 0 0 0 rg BT 300.30 356.70 Td (earlier ) Tj ET Q q 0 0 0 rg BT 333.19 356.70 Td (in ) Tj ET Q q 0 0 0 rg BT 344.79 356.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 401.00 356.70 Td (with ) Tj ET Q q 0 0 0 rg BT 424.59 356.70 Td (the ) Tj ET Q q 0 0 0 rg BT 441.51 356.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 470.43 356.70 Td (and ) Tj ET Q q 0 0 0 rg BT 490.01 356.70 Td (conditions ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 342.30 Td (herein. ) Tj ET Q q 0 0 0 rg BT 108.90 342.30 Td ( ) Tj ET Q q 0 0 0 rg BT 112.54 342.30 Td (While ) Tj ET Q q 0 0 0 rg BT 145.78 342.30 Td (employed ) Tj ET Q q 0 0 0 rg BT 197.03 342.30 Td (during ) Tj ET Q q 0 0 0 rg BT 232.28 342.30 Td (the ) Tj ET Q q 0 0 0 rg BT 250.58 342.30 Td (T) Tj ET Q q 0 0 0 rg BT 257.07 342.30 Td (erm, ) Tj ET Q q 0 0 0 rg BT 282.65 342.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 334.54 342.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 361.13 342.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 376.38 342.30 Td (serve ) Tj ET Q q 0 0 0 rg BT 405.62 342.30 Td (as ) Tj ET Q q 0 0 0 rg BT 419.53 342.30 Td (Founder) Tj ET Q q 0 0 0 rg BT 459.05 342.30 Td (, ) Tj ET Q q 0 0 0 rg BT 465.97 342.30 Td (CT) Tj ET Q q 0 0 0 rg BT 481.09 342.30 Td (O ) Tj ET Q q 0 0 0 rg BT 493.67 342.30 Td (Emeritus, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 327.90 Td (performing ) Tj ET Q q 0 0 0 rg BT 128.56 327.90 Td (a ) Tj ET Q q 0 0 0 rg BT 136.46 327.90 Td (substantial ) Tj ET Q q 0 0 0 rg BT 190.36 327.90 Td (role ) Tj ET Q q 0 0 0 rg BT 211.59 327.90 Td (in ) Tj ET Q q 0 0 0 rg BT 223.50 327.90 Td (advising ) Tj ET Q q 0 0 0 rg BT 266.73 327.90 Td (the ) Tj ET Q q 0 0 0 rg BT 283.97 327.90 Td (Company) Tj ET Q q 0 0 0 rg BT 333.97 327.90 Td (s ) Tj ET Q q 0 0 0 rg BT 341.21 327.90 Td (executive ) Tj ET Q q 0 0 0 rg BT 389.76 327.90 Td (and ) Tj ET Q q 0 0 0 rg BT 409.66 327.90 Td (technology ) Tj ET Q q 0 0 0 rg BT 465.55 327.90 Td (team ) Tj ET Q q 0 0 0 rg BT 491.44 327.90 Td (during ) Tj ET Q q 0 0 0 rg BT 525.35 327.90 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 313.50 Td (Company) Tj ET Q q 0 0 0 rg BT 122.00 313.50 Td (s ) Tj ET Q q 0 0 0 rg BT 129.67 313.50 Td (transition ) Tj ET Q q 0 0 0 rg BT 178.00 313.50 Td (to ) Tj ET Q q 0 0 0 rg BT 190.33 313.50 Td (its ) Tj ET Q q 0 0 0 rg BT 204.67 313.50 Td (next ) Tj ET Q q 0 0 0 rg BT 233.65 313.50 Td (generation ) Tj ET Q q 0 0 0 rg BT 292.62 313.50 Td (product ) Tj ET Q q 0 0 0 rg BT 332.28 313.50 Td (of) Tj ET Q q 0 0 0 rg BT 342.06 313.50 Td (fering ) Tj ET Q q 0 0 0 rg BT 373.71 313.50 Td (and ) Tj ET Q q 0 0 0 rg BT 394.04 313.50 Td (advising ) Tj ET Q q 0 0 0 rg BT 437.70 313.50 Td (on ) Tj ET Q q 0 0 0 rg BT 452.70 313.50 Td (special ) Tj ET Q q 0 0 0 rg BT 489.02 313.50 Td (projects ) Tj ET Q q 0 0 0 rg BT 530.00 313.50 Td (as ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 299.10 Td (directed ) Tj ET Q q 0 0 0 rg BT 114.44 299.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.24 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.70 299.10 Td (Company) Tj ET Q q 0 0 0 rg BT 198.70 299.10 Td (s ) Tj ET Q q 0 0 0 rg BT 207.17 299.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 237.63 299.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 289.41 299.10 Td (Of) Tj ET Q q 0 0 0 rg BT 301.85 299.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 323.35 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.15 299.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 348.61 299.10 Td (not ) Tj ET Q q 0 0 0 rg BT 367.74 299.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 405.52 299.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 445.97 299.10 Td (or ) Tj ET Q q 0 0 0 rg BT 459.77 299.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 509.55 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.69 299.10 Td (any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 284.70 Td (other ) Tj ET Q q 0 0 0 rg BT 100.22 284.70 Td (business ) Tj ET Q q 0 0 0 rg BT 144.45 284.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 184.00 284.70 Td (that ) Tj ET Q q 0 0 0 rg BT 205.55 284.70 Td (is ) Tj ET Q q 0 0 0 rg BT 217.12 284.70 Td (competitive ) Tj ET Q q 0 0 0 rg BT 277.33 284.70 Td (with ) Tj ET Q q 0 0 0 rg BT 302.22 284.70 Td (the ) Tj ET Q q 0 0 0 rg BT 320.44 284.70 Td (current ) Tj ET Q q 0 0 0 rg BT 357.98 284.70 Td (business ) Tj ET Q q 0 0 0 rg BT 402.21 284.70 Td (of ) Tj ET Q q 0 0 0 rg BT 415.77 284.70 Td (the ) Tj ET Q q 0 0 0 rg BT 433.99 284.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 484.22 284.70 Td (or ) Tj ET Q q 0 0 0 rg BT 497.77 284.70 Td (with ) Tj ET Q q 0 0 0 rg BT 522.67 284.70 Td (any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 270.30 Td (known ) Tj ET Q q 0 0 0 rg BT 106.48 270.30 Td (type ) Tj ET Q q 0 0 0 rg BT 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0 0 0 rg BT 183.01 255.90 Td (place ) Tj ET Q q 0 0 0 rg BT 211.69 255.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 263.03 255.90 Td (in ) Tj ET Q q 0 0 0 rg BT 275.73 255.90 Td (a ) Tj ET Q q 0 0 0 rg BT 284.43 255.90 Td (competing ) Tj ET Q q 0 0 0 rg BT 338.45 255.90 Td (position ) Tj ET Q q 0 0 0 rg BT 380.48 255.90 Td (to ) Tj ET Q q 0 0 0 rg BT 393.18 255.90 Td (that ) Tj ET Q q 0 0 0 rg BT 414.54 255.90 Td (of ) Tj ET Q q 0 0 0 rg BT 427.91 255.90 Td (the ) Tj ET Q q 0 0 0 rg BT 445.93 255.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 495.96 255.90 Td (or ) Tj ET Q q 0 0 0 rg BT 509.33 255.90 Td (any ) Tj ET Q q 0 0 0 rg BT 530.02 255.90 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 241.50 Td (its ) Tj ET Q q 0 0 0 rg BT 86.69 241.50 Td (af) Tj ET Q q 0 0 0 rg BT 95.80 241.50 Td (filiates ) Tj ET Q q 0 0 0 rg BT 131.80 241.50 Td (in ) Tj ET Q q 0 0 0 rg BT 144.49 241.50 Td (the ) Tj ET Q q 0 0 0 rg BT 162.50 241.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 211.17 241.50 Td (industry; ) Tj ET Q q 0 0 0 rg BT 257.19 241.50 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 278.54 241.50 Td (have ) Tj ET Q q 0 0 0 rg BT 304.55 241.50 Td (his ) Tj ET Q q 0 0 0 rg BT 321.90 241.50 Td (own ) Tj ET Q q 0 0 0 rg BT 345.92 241.50 Td (of) Tj ET Q q 0 0 0 rg BT 355.70 241.50 Td (fice ) Tj ET Q q 0 0 0 rg BT 377.04 241.50 Td (located ) Tj ET Q q 0 0 0 rg BT 415.04 241.50 Td (at ) Tj ET Q q 0 0 0 rg BT 427.05 241.50 Td (corporate ) Tj ET Q q 0 0 0 rg BT 475.71 241.50 Td (headquarters, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.88 227.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 119.09 227.10 Td (report ) Tj ET Q q 0 0 0 rg BT 151.29 227.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 191.49 227.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.37 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.58 227.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 252.79 227.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 304.32 227.10 Td (Of) Tj ET Q q 0 0 0 rg BT 316.76 227.10 Td (ficer; ) Tj ET Q q 0 0 0 rg BT 345.63 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.50 227.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 387.38 227.10 Td (promptly ) Tj ET Q q 0 0 0 rg BT 434.92 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.80 227.10 Td (faithfully ) Tj ET Q q 0 0 0 rg BT 504.00 227.10 Td (comply ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 212.70 Td (with ) Tj ET Q q 0 0 0 rg BT 95.96 212.70 Td (all ) Tj ET Q q 0 0 0 rg BT 110.58 212.70 Td (present ) Tj ET Q q 0 0 0 rg BT 147.86 212.70 Td (and ) Tj ET Q q 0 0 0 rg BT 167.81 212.70 Td (future ) Tj ET Q q 0 0 0 rg BT 199.09 212.70 Td (policies, ) Tj ET Q q 0 0 0 rg BT 242.04 212.70 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 310.31 212.70 Td (directions, ) Tj ET Q q 0 0 0 rg BT 363.26 212.70 Td (requests, ) Tj ET Q q 0 0 0 rg BT 408.21 212.70 Td (and ) Tj ET Q q 0 0 0 rg BT 428.16 212.70 Td (rules ) Tj ET Q q 0 0 0 rg BT 454.11 212.70 Td (and ) Tj ET Q q 0 0 0 rg BT 474.06 212.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 530.01 212.70 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 198.30 Td (the ) Tj ET Q q 0 0 0 rg BT 89.66 198.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 139.32 198.30 Td (in ) Tj ET Q q 0 0 0 rg BT 151.66 198.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 207.30 198.30 Td (with ) Tj ET Q q 0 0 0 rg BT 231.64 198.30 Td (the ) Tj ET Q q 0 0 0 rg BT 249.30 198.30 Td (Company) Tj ET Q q 0 0 0 rg BT 299.30 198.30 Td (s ) Tj ET Q q 0 0 0 rg BT 306.97 198.30 Td (business. ) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 59.20 Td (2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 711.90 Td (2. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 710.0220703125 m 326.3203125 710.0220703125 l s q 0 0 0 rg BT 144.00 711.90 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 221.01 711.90 Td (and ) Tj ET Q q 0 0 0 rg BT 243.36 711.90 Td (Related ) Tj ET Q q 0 0 0 rg BT 285.68 711.90 Td (Matters) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 326.32 711.90 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 685.50 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.32 685.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 683.900390625 m 236.2939453125 683.900390625 l s q 0 0 0 rg BT 180.00 685.50 Td (Base ) Tj ET Q q 0 0 0 rg BT 206.03 685.50 Td (Salary) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 235.90 685.50 Td (. ) Tj ET Q q 0 0 0 rg BT 241.61 685.50 Td ( ) Tj ET Q q 0 0 0 rg BT 244.31 685.50 Td (During ) Tj ET Q q 0 0 0 rg BT 281.00 685.50 Td (the ) Tj ET Q q 0 0 0 rg BT 298.17 685.50 Td (T) Tj ET Q q 0 0 0 rg BT 304.66 685.50 Td (erm, ) Tj ET Q q 0 0 0 rg BT 329.02 685.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 379.70 685.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 405.06 685.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 442.40 685.50 Td (the ) Tj ET Q q 0 0 0 rg BT 459.76 685.50 Td (following ) Tj ET Q q 0 0 0 rg BT 509.13 685.50 Td (salary) Tj ET Q q 0 0 0 rg BT 537.00 685.50 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 671.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 109.52 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.39 671.10 Td (withholdings ) Tj ET Q q 0 0 0 rg BT 188.60 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.46 671.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 264.98 671.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.84 671.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.70 671.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 344.89 671.10 Td (be ) Tj ET Q q 0 0 0 rg BT 359.75 671.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 383.95 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.81 671.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 448.32 671.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.19 671.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 518.68 671.10 Td (with ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 656.70 Td (the ) Tj ET Q q 0 0 0 rg BT 90.60 656.70 Td (customary ) Tj ET Q q 0 0 0 rg BT 144.52 656.70 Td (payroll ) Tj ET Q q 0 0 0 rg BT 182.44 656.70 Td (practices ) Tj ET Q q 0 0 0 rg BT 229.02 656.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.28 656.70 Td (procedures ) Tj ET Q q 0 0 0 rg BT 306.86 656.70 Td (of ) Tj ET Q q 0 0 0 rg BT 320.79 656.70 Td (the ) Tj ET Q q 0 0 0 rg BT 339.39 656.70 Td (Company: ) Tj ET Q q 0 0 0 rg BT 393.32 656.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 408.58 656.70 Td (during ) Tj ET Q q 0 0 0 rg BT 443.85 656.70 Td (calendar ) Tj ET Q q 0 0 0 rg BT 488.42 656.70 Td (year ) Tj ET Q q 0 0 0 rg BT 513.00 656.70 Td (2017, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 642.30 Td (Executive) Tj ET Q q 0 0 0 rg BT 123.31 642.30 Td (s ) Tj ET Q q 0 0 0 rg BT 131.00 642.30 Td (salary ) Tj ET Q q 0 0 0 rg BT 162.67 642.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 188.35 642.30 Td (be ) Tj ET Q q 0 0 0 rg BT 202.69 642.30 Td ($1) Tj ET Q q 0 0 0 rg BT 214.25 642.30 Td (1,250 ) Tj ET Q q 0 0 0 rg BT 244.27 642.30 Td (per ) Tj ET Q q 0 0 0 rg BT 262.61 642.30 Td (month, ) Tj ET Q q 0 0 0 rg BT 299.29 642.30 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 316.97 642.30 Td (during ) Tj ET Q q 0 0 0 rg BT 351.32 642.30 Td (calendar ) Tj ET Q q 0 0 0 rg BT 394.97 642.30 Td (year ) Tj ET Q q 0 0 0 rg BT 418.63 642.30 Td (2018 ) Tj ET Q q 0 0 0 rg BT 445.65 642.30 Td (and ) Tj ET Q q 0 0 0 rg BT 466.00 642.30 Td (the ) Tj ET Q q 0 0 0 rg BT 483.67 642.30 Td (first ) Tj ET Q q 0 0 0 rg BT 506.02 642.30 Td (quarter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 627.90 Td (of ) Tj ET Q q 0 0 0 rg BT 85.14 627.90 Td (2019, ) Tj ET Q q 0 0 0 rg BT 115.28 627.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 166.59 627.90 Td (s ) Tj ET Q q 0 0 0 rg BT 174.40 627.90 Td (salary ) Tj ET Q q 0 0 0 rg BT 206.20 627.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 232.00 627.90 Td (be ) Tj ET Q q 0 0 0 rg BT 246.47 627.90 Td ($5,625 ) Tj ET Q q 0 0 0 rg BT 282.61 627.90 Td (per ) Tj ET Q q 0 0 0 rg BT 301.08 627.90 Td (month. ) Tj ET Q q 0 0 0 rg BT 337.89 627.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 389.01 627.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 414.81 627.90 Td (be ) Tj ET Q q 0 0 0 rg BT 429.28 627.90 Td (eligible ) Tj ET Q q 0 0 0 rg BT 468.41 627.90 Td (for ) Tj ET Q q 0 0 0 rg BT 485.55 627.90 Td (short ) Tj ET Q q 0 0 0 rg BT 518.01 627.90 Td (term ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 613.50 Td (incentive ) Tj ET Q q 0 0 0 rg BT 124.52 613.50 Td (bonus ) Tj ET Q q 0 0 0 rg BT 156.40 613.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 226.26 613.50 Td (based ) Tj ET Q q 0 0 0 rg BT 256.80 613.50 Td (on ) Tj ET Q q 0 0 0 rg BT 272.01 613.50 Td (the ) Tj ET Q q 0 0 0 rg BT 289.88 613.50 Td (Company) Tj ET Q q 0 0 0 rg BT 339.88 613.50 Td (s ) Tj ET Q q 0 0 0 rg BT 347.76 613.50 Td (and ) Tj ET Q q 0 0 0 rg BT 368.30 613.50 Td (Executive) Tj ET Q q 0 0 0 rg BT 419.61 613.50 Td (s ) Tj ET Q q 0 0 0 rg BT 427.50 613.50 Td (individual ) Tj ET Q q 0 0 0 rg BT 479.37 613.50 Td (performance ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 599.10 Td (during ) Tj ET Q q 0 0 0 rg BT 106.06 599.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 132.79 599.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 168.84 599.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 194.23 599.10 Td (be ) Tj ET Q q 0 0 0 rg BT 208.29 599.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 231.68 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.74 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.13 599.10 Td (first ) Tj ET Q q 0 0 0 rg BT 283.19 599.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 319.90 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.62 599.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 359.35 599.10 Td (if ) Tj ET Q q 0 0 0 rg BT 369.41 599.10 Td (applicable\), ) Tj ET Q q 0 0 0 rg BT 428.44 599.10 Td (but ) Tj ET Q q 0 0 0 rg BT 446.50 599.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 471.90 599.10 Td (not ) Tj ET Q q 0 0 0 rg BT 489.96 599.10 Td (be ) Tj ET Q q 0 0 0 rg BT 504.01 599.10 Td (entitled ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 584.70 Td (to ) Tj ET Q q 0 0 0 rg BT 84.33 584.70 Td (any ) Tj ET Q q 0 0 0 rg BT 104.66 584.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 155.65 584.70 Td (bonus ) Tj ET Q q 0 0 0 rg BT 187.32 584.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 256.97 584.70 Td (during ) Tj ET Q q 0 0 0 rg BT 291.30 584.70 Td (the ) Tj ET Q q 0 0 0 rg BT 308.96 584.70 Td (remainder ) Tj ET Q q 0 0 0 rg BT 360.60 584.70 Td (of ) Tj ET Q q 0 0 0 rg BT 373.59 584.70 Td (the ) Tj ET Q q 0 0 0 rg BT 391.04 584.70 Td (T) Tj ET Q q 0 0 0 rg BT 397.53 584.70 Td (erm. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 558.30 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.99 558.30 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 556.700390625 m 219.990234375 556.700390625 l s q 0 0 0 rg BT 180.00 558.30 Td (Benefits) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 219.99 558.30 Td (. ) Tj ET Q q 0 0 0 rg BT 226.55 558.30 Td ( ) Tj ET Q q 0 0 0 rg BT 230.12 558.30 Td (During ) Tj ET Q q 0 0 0 rg BT 267.68 558.30 Td (the ) Tj ET Q q 0 0 0 rg BT 285.65 558.30 Td (T) Tj ET Q q 0 0 0 rg BT 292.14 558.30 Td (erm, ) Tj ET Q q 0 0 0 rg BT 317.36 558.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 368.90 558.30 Td (may ) Tj ET Q q 0 0 0 rg BT 393.12 558.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 438.01 558.30 Td (to ) Tj ET Q q 0 0 0 rg BT 450.90 558.30 Td (participate ) Tj ET Q q 0 0 0 rg BT 505.10 558.30 Td (in ) Tj ET Q q 0 0 0 rg BT 518.00 558.30 Td (such ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 543.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 123.68 543.90 Td (benefit ) Tj ET Q q 0 0 0 rg BT 162.02 543.90 Td (plans ) Tj ET Q q 0 0 0 rg BT 192.38 543.90 Td (and ) Tj ET Q q 0 0 0 rg BT 214.73 543.90 Td (programs ) Tj ET Q q 0 0 0 rg BT 265.09 543.90 Td (as ) Tj ET Q q 0 0 0 rg BT 280.11 543.90 Td (the ) Tj ET Q q 0 0 0 rg BT 299.80 543.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 351.49 543.90 Td (may ) Tj ET Q q 0 0 0 rg BT 377.18 543.90 Td (from ) Tj ET Q q 0 0 0 rg BT 405.54 543.90 Td (time ) Tj ET Q q 0 0 0 rg BT 431.89 543.90 Td (to ) Tj ET Q q 0 0 0 rg BT 446.26 543.90 Td (time ) Tj ET Q q 0 0 0 rg BT 472.61 543.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 514.30 543.90 Td (to ) Tj ET Q q 0 0 0 rg BT 528.66 543.90 Td (its ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 529.50 Td (employees, ) Tj ET Q q 0 0 0 rg BT 128.18 529.50 Td (including ) Tj ET Q q 0 0 0 rg BT 175.38 529.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 197.90 529.50 Td (time ) Tj ET Q q 0 0 0 rg BT 221.10 529.50 Td (of) Tj ET Q q 0 0 0 rg BT 230.88 529.50 Td (f, ) Tj ET Q q 0 0 0 rg BT 239.74 529.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 275.60 529.50 Td (to ) Tj ET Q q 0 0 0 rg BT 286.80 529.50 Td (the ) Tj ET Q q 0 0 0 rg BT 303.32 529.50 Td (terms ) Tj ET Q q 0 0 0 rg BT 331.85 529.50 Td (and ) Tj ET Q q 0 0 0 rg BT 351.04 529.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 402.91 529.50 Td (of ) Tj ET Q q 0 0 0 rg BT 414.77 529.50 Td (such ) Tj ET Q q 0 0 0 rg BT 438.63 529.50 Td (plans. ) Tj ET Q q 0 0 0 rg BT 468.83 529.50 Td (Nothing ) Tj ET Q q 0 0 0 rg BT 510.03 529.50 Td (herein ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 515.10 Td (is ) Tj ET Q q 0 0 0 rg BT 84.46 515.10 Td (intended, ) Tj ET Q q 0 0 0 rg BT 133.23 515.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.68 515.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 174.79 515.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.57 515.10 Td (construed, ) Tj ET Q q 0 0 0 rg BT 244.67 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.46 515.10 Td (require ) Tj ET Q q 0 0 0 rg BT 296.89 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.00 515.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 367.12 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.90 515.10 Td (institute ) Tj ET Q q 0 0 0 rg BT 424.02 515.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.47 515.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 484.24 515.10 Td (any) Tj ET Q q 0 0 0 rg BT 500.79 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 508.24 515.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.69 515.10 Td (any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 500.70 Td (particular) Tj ET Q q 0 0 0 rg BT 117.49 500.70 Td (, ) Tj ET Q q 0 0 0 rg BT 122.06 500.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 144.30 500.70 Td (or ) Tj ET Q q 0 0 0 rg BT 155.86 500.70 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 198.42 500.70 Td ( ) Tj ET Q q 0 0 0 rg BT 199.65 500.70 Td (After ) Tj ET Q q 0 0 0 rg BT 226.54 500.70 Td (the ) Tj ET Q q 0 0 0 rg BT 242.77 500.70 Td (end ) Tj ET Q q 0 0 0 rg BT 261.67 500.70 Td (of ) Tj ET Q q 0 0 0 rg BT 273.23 500.70 Td (the ) Tj ET Q q 0 0 0 rg BT 289.35 500.70 Td (T) Tj ET Q q 0 0 0 rg BT 295.85 500.70 Td (erm, ) Tj ET Q q 0 0 0 rg BT 319.07 500.70 Td (if ) Tj ET Q q 0 0 0 rg BT 327.98 500.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 377.52 500.70 Td (is ) Tj ET Q q 0 0 0 rg BT 387.10 500.70 Td (not ) Tj ET Q q 0 0 0 rg BT 404.00 500.70 Td (eligible ) Tj ET Q q 0 0 0 rg BT 441.56 500.70 Td (to ) Tj ET Q q 0 0 0 rg BT 452.47 500.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 488.68 500.70 Td (continuing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 486.30 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 115.75 486.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 166.49 486.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 191.92 486.30 Td (be ) Tj ET Q q 0 0 0 rg BT 206.00 486.30 Td (eligible ) Tj ET Q q 0 0 0 rg BT 244.75 486.30 Td (for ) Tj ET Q q 0 0 0 rg BT 261.51 486.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 311.59 486.30 Td (participation ) Tj ET Q q 0 0 0 rg BT 375.00 486.30 Td (in ) Tj ET Q q 0 0 0 rg BT 387.10 486.30 Td (the ) Tj ET Q q 0 0 0 rg BT 404.52 486.30 Td (Company) Tj ET Q q 0 0 0 rg BT 454.52 486.30 Td (s ) Tj ET Q q 0 0 0 rg BT 461.95 486.30 Td (health ) Tj ET Q q 0 0 0 rg BT 494.03 486.30 Td (insurance ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 471.90 Td (program ) Tj ET Q q 0 0 0 rg BT 115.65 471.90 Td (at ) Tj ET Q q 0 0 0 rg BT 127.31 471.90 Td (his ) Tj ET Q q 0 0 0 rg BT 144.32 471.90 Td (own ) Tj ET Q q 0 0 0 rg BT 167.98 471.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 209.63 471.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 253.96 471.90 Td (to ) Tj ET Q q 0 0 0 rg BT 266.29 471.90 Td (COBRA. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 445.50 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.32 445.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 443.900390625 m 274.61279296875 443.900390625 l s q 0 0 0 rg BT 180.00 445.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 229.29 445.50 Td (Expenses) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 274.61 445.50 Td (. ) Tj ET Q q 0 0 0 rg BT 284.23 445.50 Td ( ) Tj ET Q q 0 0 0 rg BT 290.37 445.50 Td (The ) Tj ET Q q 0 0 0 rg BT 315.64 445.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.92 445.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 398.20 445.50 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 452.80 445.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 507.40 445.50 Td (for ) Tj ET Q q 0 0 0 rg BT 528.00 445.50 Td (all ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 431.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 129.35 431.10 Td (documented, ) Tj ET Q q 0 0 0 rg BT 194.05 431.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 262.41 431.10 Td (travel, ) Tj ET Q q 0 0 0 rg BT 295.78 431.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.15 431.10 Td (other ) Tj ET Q q 0 0 0 rg BT 343.86 431.10 Td (business ) Tj ET Q q 0 0 0 rg BT 387.58 431.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 433.95 431.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 476.97 431.10 Td (by ) Tj ET Q q 0 0 0 rg BT 492.02 431.10 Td (Executive ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 416.70 Td (in ) Tj ET Q q 0 0 0 rg BT 86.27 416.70 Td (the ) Tj ET Q q 0 0 0 rg BT 105.86 416.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 171.42 416.70 Td (of ) Tj ET Q q 0 0 0 rg BT 186.35 416.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 237.66 416.70 Td (s ) Tj ET Q q 0 0 0 rg BT 247.26 416.70 Td (duties ) Tj ET Q q 0 0 0 rg BT 280.86 416.70 Td (to ) Tj ET Q q 0 0 0 rg BT 295.13 416.70 Td (the ) Tj ET Q q 0 0 0 rg BT 314.72 416.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 366.32 416.70 Td (in ) Tj ET Q q 0 0 0 rg BT 380.58 416.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 439.47 416.70 Td (with ) Tj ET Q q 0 0 0 rg BT 465.74 416.70 Td (the ) Tj ET Q q 0 0 0 rg BT 485.33 416.70 Td (Company) Tj ET Q q 0 0 0 rg BT 535.33 416.70 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 402.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 124.31 402.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 165.96 402.30 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 240.93 402.30 Td (policies ) Tj ET Q q 0 0 0 rg BT 281.26 402.30 Td (and ) Tj ET Q q 0 0 0 rg BT 301.58 402.30 Td (procedures ) Tj ET Q q 0 0 0 rg BT 357.22 402.30 Td (as ) Tj ET Q q 0 0 0 rg BT 370.22 402.30 Td (in ) Tj ET Q q 0 0 0 rg BT 382.55 402.30 Td (ef) Tj ET Q q 0 0 0 rg BT 391.66 402.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 412.64 402.30 Td (from ) Tj ET Q q 0 0 0 rg BT 438.97 402.30 Td (time ) Tj ET Q q 0 0 0 rg BT 463.29 402.30 Td (to ) Tj ET Q q 0 0 0 rg BT 475.63 402.30 Td (time.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 375.90 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.99 375.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 374.300390625 m 250.55859375 374.300390625 l s q 0 0 0 rg BT 180.00 375.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 214.34 375.90 Td (A) Tj ET Q q 0 0 0 rg BT 221.90 375.90 Td (wards) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 250.56 375.90 Td (. During the ) Tj ET Q q 0 0 0 rg BT 314.00 375.90 Td (T) Tj ET Q q 0 0 0 rg BT 320.49 375.90 Td (erm, Executive shall continue to vest in all ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 361.50 Td (equity awards previously issued to him prior to the Ef) Tj ET Q q 0 0 0 rg BT 330.07 361.50 Td (fective Date, in accordance with the terms ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 347.10 Td (of the applicable equity incentive plan, award agreement and notice of grant. During the ) Tj ET Q q 0 0 0 rg BT 497.62 347.10 Td (T) Tj ET Q q 0 0 0 rg BT 504.11 347.10 Td (erm, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 332.70 Td (Executive shall not be entitled to receive any new equity awards. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 306.30 Td (3. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 304.4220703125 m 369.6748046875 304.4220703125 l s q 0 0 0 rg BT 144.00 306.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 190.43 306.30 Td (In ) Tj ET Q q 0 0 0 rg BT 208.87 306.30 Td (Contr) Tj ET Q q 0 0 0 rg BT 239.32 306.30 Td (ol ) Tj ET Q q 0 0 0 rg BT 255.75 306.30 Td (Severance ) Tj ET Q q 0 0 0 rg BT 313.25 306.30 Td (Agr) Tj ET Q q 0 0 0 rg BT 333.03 306.30 Td (eement) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 369.67 306.30 Td (. ) Tj ET Q q 0 0 0 rg BT 379.77 306.30 Td ( ) Tj ET Q q 0 0 0 rg BT 386.35 306.30 Td (The ) Tj ET Q q 0 0 0 rg BT 412.10 306.30 Td (Parties ) Tj ET Q q 0 0 0 rg BT 451.86 306.30 Td (hereto ) Tj ET Q q 0 0 0 rg BT 488.93 306.30 Td (agree ) Tj ET Q q 0 0 0 rg BT 522.00 306.30 Td (that ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 291.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 123.31 291.90 Td (s ) Tj ET Q q 0 0 0 rg BT 131.01 291.90 Td (transition ) Tj ET Q q 0 0 0 rg BT 179.37 291.90 Td (from ) Tj ET Q q 0 0 0 rg BT 205.73 291.90 Td (his ) Tj ET Q q 0 0 0 rg BT 222.77 291.90 Td (current ) Tj ET Q q 0 0 0 rg BT 259.78 291.90 Td (position ) Tj ET Q q 0 0 0 rg BT 301.48 291.90 Td (of ) Tj ET Q q 0 0 0 rg BT 314.51 291.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 365.30 291.90 Td (V) Tj ET Q q 0 0 0 rg BT 373.25 291.90 Td (ice ) Tj ET Q q 0 0 0 rg BT 390.26 291.90 Td (President ) Tj ET Q q 0 0 0 rg BT 437.96 291.90 Td (and ) Tj ET Q q 0 0 0 rg BT 458.31 291.90 Td (CT) Tj ET Q q 0 0 0 rg BT 473.43 291.90 Td (O ) Tj ET Q q 0 0 0 rg BT 485.13 291.90 Td (to ) Tj ET Q q 0 0 0 rg BT 497.50 291.90 Td (Founder) Tj ET Q q 0 0 0 rg BT 537.01 291.90 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 277.50 Td (CT) Tj ET Q q 0 0 0 rg BT 87.12 277.50 Td (O ) Tj ET Q q 0 0 0 rg BT 98.82 277.50 Td (Emeritus, ) Tj ET Q q 0 0 0 rg BT 148.17 277.50 Td (as ) Tj ET Q q 0 0 0 rg BT 161.20 277.50 Td (described ) Tj ET Q q 0 0 0 rg BT 210.21 277.50 Td (under ) Tj ET Q q 0 0 0 rg BT 240.57 277.50 Td (this ) Tj ET Q q 0 0 0 rg BT 260.27 277.50 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 319.61 277.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 345.30 277.50 Td (not ) Tj ET Q q 0 0 0 rg BT 363.67 277.50 Td (constitute ) Tj ET Q q 0 0 0 rg BT 413.36 277.50 Td (an ) Tj ET Q q 0 0 0 rg BT 427.72 277.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 463.18 277.50 Td (T) Tj ET Q q 0 0 0 rg BT 469.67 277.50 Td (ermination ) Tj ET Q q 0 0 0 rg BT 530.01 277.50 Td (as ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 263.10 Td (that ) Tj ET Q q 0 0 0 rg BT 92.78 263.10 Td (term ) Tj ET Q q 0 0 0 rg BT 117.55 263.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.34 263.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 167.11 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.23 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.67 263.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 236.11 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.23 263.10 Td (Control ) Tj ET Q q 0 0 0 rg BT 287.69 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.80 263.10 Td (Severance ) Tj ET Q q 0 0 0 rg BT 359.27 263.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 415.36 263.10 Td (between ) Tj ET Q q 0 0 0 rg BT 458.12 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.57 263.10 Td (Parties, ) Tj ET Q q 0 0 0 rg BT 514.01 263.10 Td (dated ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 248.70 Td (October ) Tj ET Q q 0 0 0 rg BT 114.82 248.70 Td (14, ) Tj ET Q q 0 0 0 rg BT 134.00 248.70 Td (2014 ) Tj ET Q q 0 0 0 rg BT 162.18 248.70 Td (\(CIC\). ) Tj ET Q q 0 0 0 rg BT 208.00 248.70 Td ( ) Tj ET Q q 0 0 0 rg BT 211.88 248.70 Td (The ) Tj ET Q q 0 0 0 rg BT 234.71 248.70 Td (CIC ) Tj ET Q q 0 0 0 rg BT 258.89 248.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 285.73 248.70 Td (remain ) Tj ET Q q 0 0 0 rg BT 323.22 248.70 Td (in ) Tj ET Q q 0 0 0 rg BT 336.73 248.70 Td (full ) Tj ET Q q 0 0 0 rg BT 357.57 248.70 Td (force ) Tj ET Q q 0 0 0 rg BT 386.39 248.70 Td (and ) Tj ET Q q 0 0 0 rg BT 407.90 248.70 Td (ef) Tj ET Q q 0 0 0 rg BT 417.00 248.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 439.16 248.70 Td (during ) Tj ET Q q 0 0 0 rg BT 474.67 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 493.50 248.70 Td (term, ) Tj ET Q q 0 0 0 rg BT 522.67 248.70 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 234.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 122.98 234.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 148.64 234.30 Td (be ) Tj ET Q q 0 0 0 rg BT 162.97 234.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 217.95 234.30 Td (to ) Tj ET Q q 0 0 0 rg BT 230.28 234.30 Td (be ) Tj ET Q q 0 0 0 rg BT 244.61 234.30 Td (employed ) Tj ET Q q 0 0 0 rg BT 294.93 234.30 Td (without ) Tj ET Q q 0 0 0 rg BT 334.59 234.30 Td (any ) Tj ET Q q 0 0 0 rg BT 354.92 234.30 Td (break ) Tj ET Q q 0 0 0 rg BT 384.57 234.30 Td (in ) Tj ET Q q 0 0 0 rg BT 396.90 234.30 Td (service. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 207.90 Td (4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 207.90 Td ( ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 206.02207031249998 m 207.5625 206.02207031249998 l s q 0 0 0 rg BT 144.00 207.90 Td (T) Tj ET Q q 0 0 0 rg BT 150.90 207.90 Td (ermination) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.56 207.90 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 210.56 207.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 181.50 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.32 181.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 179.900390625 m 339.7490234375 179.900390625 l s q 0 0 0 rg BT 180.00 181.50 Td (Good ) Tj ET Q q 0 0 0 rg BT 209.43 181.50 Td (Faith; ) Tj ET Q q 0 0 0 rg BT 239.58 181.50 Td (At ) Tj ET Q q 0 0 0 rg BT 254.15 181.50 Td (W) Tj ET Q q 0 0 0 rg BT 264.99 181.50 Td (ill ) Tj ET Q q 0 0 0 rg BT 277.76 181.50 Td (Employment) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 339.75 181.50 Td (. ) Tj ET Q q 0 0 0 rg BT 345.31 181.50 Td (The ) Tj ET Q q 0 0 0 rg BT 366.73 181.50 Td (parties ) Tj ET Q q 0 0 0 rg BT 401.48 181.50 Td (agree ) Tj ET Q q 0 0 0 rg BT 430.22 181.50 Td (to ) Tj ET Q q 0 0 0 rg BT 442.31 181.50 Td (act ) Tj ET Q q 0 0 0 rg BT 459.06 181.50 Td (in ) Tj ET Q q 0 0 0 rg BT 471.16 181.50 Td (good ) Tj ET Q q 0 0 0 rg BT 497.92 181.50 Td (faith ) Tj ET Q q 0 0 0 rg BT 522.68 181.50 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 167.10 Td (not ) Tj ET Q q 0 0 0 rg BT 90.22 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.43 167.10 Td (do ) Tj ET Q q 0 0 0 rg BT 117.32 167.10 Td (anything ) Tj ET Q q 0 0 0 rg BT 162.19 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.41 167.10 Td (frustrate ) Tj ET Q q 0 0 0 rg BT 217.27 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.81 167.10 Td (other) Tj ET Q q 0 0 0 rg BT 259.92 167.10 Td () Tj ET Q q 0 0 0 rg BT 263.25 167.10 Td (s ) Tj ET Q q 0 0 0 rg BT 270.80 167.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 304.35 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.56 167.10 Td (enjoy ) Tj ET Q q 0 0 0 rg BT 346.11 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.65 167.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 404.52 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.73 167.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 468.93 167.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 509.80 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.68 167.10 Td (this ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 152.70 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 130.43 152.70 Td (Either ) Tj ET Q q 0 0 0 rg BT 161.87 152.70 Td (party ) Tj ET Q q 0 0 0 rg BT 188.65 152.70 Td (may ) Tj ET Q q 0 0 0 rg BT 211.44 152.70 Td (terminate ) Tj ET Q q 0 0 0 rg BT 258.87 152.70 Td (this ) Tj ET Q q 0 0 0 rg BT 278.33 152.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 330.42 152.70 Td (for ) Tj ET Q q 0 0 0 rg BT 346.54 152.70 Td (any ) Tj ET Q q 0 0 0 rg BT 365.98 152.70 Td (reason, ) Tj ET Q q 0 0 0 rg BT 402.42 152.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 428.55 152.70 Td (thirty ) Tj ET Q q 0 0 0 rg BT 456.67 152.70 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 478.78 152.70 Td (days) Tj ET Q q 0 0 0 rg BT 503.88 152.70 Td ( ) Tj ET Q q 0 0 0 rg BT 506.01 152.70 Td (written ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 138.30 Td (notice. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 109.50 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.99 109.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 107.900390625 m 270.2578125 107.900390625 l s q 0 0 0 rg BT 180.00 109.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 229.32 109.50 Td (Property) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 269.87 109.50 Td (. ) Tj ET Q q 0 0 0 rg BT 275.53 109.50 Td ( ) Tj ET Q q 0 0 0 rg BT 278.18 109.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 328.82 109.50 Td (hereby ) Tj ET Q q 0 0 0 rg BT 364.12 109.50 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 434.75 109.50 Td (and ) Tj ET Q q 0 0 0 rg BT 454.74 109.50 Td (agrees ) Tj ET Q q 0 0 0 rg BT 488.04 109.50 Td (that ) Tj ET Q q 0 0 0 rg BT 508.69 109.50 Td (except ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 95.10 Td (for ) Tj ET Q q 0 0 0 rg BT 89.52 95.10 Td (Executive) Tj ET Q q 0 0 0 rg BT 140.83 95.10 Td (s ) Tj ET Q q 0 0 0 rg BT 149.04 95.10 Td (cell ) Tj ET Q q 0 0 0 rg BT 169.89 95.10 Td (phone ) Tj ET Q q 0 0 0 rg BT 202.75 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.60 95.10 Td (cell ) Tj ET Q q 0 0 0 rg BT 244.46 95.10 Td (phone ) Tj ET Q q 0 0 0 rg BT 277.31 95.10 Td (number) Tj ET Q q 0 0 0 rg BT 313.49 95.10 Td (, ) Tj ET Q q 0 0 0 rg BT 320.02 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.55 95.10 Td (all ) Tj ET Q q 0 0 0 rg BT 339.08 95.10 Td (Personal ) Tj ET Q q 0 0 0 rg BT 383.94 95.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 428.79 95.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 446.32 95.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 485.83 95.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 522.69 95.10 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 80.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 126.96 80.70 Td (furnished ) Tj ET Q q 0 0 0 rg BT 176.58 80.70 Td (to, ) Tj ET Q q 0 0 0 rg BT 193.22 80.70 Td (or ) Tj ET Q q 0 0 0 rg BT 207.52 80.70 Td (prepared ) Tj ET Q q 0 0 0 rg BT 253.80 80.70 Td (by) Tj ET Q q 0 0 0 rg BT 265.02 80.70 Td (, ) Tj ET Q q 0 0 0 rg BT 272.32 80.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 324.60 80.70 Td (in ) Tj ET Q q 0 0 0 rg BT 338.24 80.70 Td (the ) Tj ET Q q 0 0 0 rg BT 357.20 80.70 Td (course ) Tj ET Q q 0 0 0 rg BT 392.82 80.70 Td (of, ) Tj ET Q q 0 0 0 rg BT 410.12 80.70 Td (or ) Tj ET Q q 0 0 0 rg BT 424.42 80.70 Td (incident ) Tj ET Q q 0 0 0 rg BT 467.38 80.70 Td (to, ) Tj ET Q q 0 0 0 rg BT 484.02 80.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 535.33 80.70 Td (s ) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 59.20 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 711.70 Td (employment, ) Tj ET Q q 0 0 0 rg BT 140.15 711.70 Td (belongs ) Tj ET Q q 0 0 0 rg BT 182.64 711.70 Td (to ) Tj ET Q q 0 0 0 rg BT 197.13 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 216.95 711.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 268.77 711.70 Td (and ) Tj ET Q q 0 0 0 rg BT 291.26 711.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 319.08 711.70 Td (be ) Tj ET Q q 0 0 0 rg BT 335.57 711.70 Td (promptly ) Tj ET Q q 0 0 0 rg BT 384.72 711.70 Td (returned ) Tj ET Q q 0 0 0 rg BT 429.86 711.70 Td (to ) Tj ET Q q 0 0 0 rg BT 444.35 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 464.17 711.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 516.00 711.70 Td (upon ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (termination ) Tj ET Q q 0 0 0 rg BT 129.48 697.30 Td (of ) Tj ET Q q 0 0 0 rg BT 141.64 697.30 Td (Executive) Tj ET Q q 0 0 0 rg BT 192.95 697.30 Td (s ) Tj ET Q q 0 0 0 rg BT 199.79 697.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 261.94 697.30 Td (\(and ) Tj ET Q q 0 0 0 rg BT 285.42 697.30 Td (will ) Tj ET Q q 0 0 0 rg BT 306.25 697.30 Td (not ) Tj ET Q q 0 0 0 rg BT 323.75 697.30 Td (be ) Tj ET Q q 0 0 0 rg BT 337.24 697.30 Td (kept ) Tj ET Q q 0 0 0 rg BT 360.07 697.30 Td (in ) Tj ET Q q 0 0 0 rg BT 371.56 697.30 Td (Executive) Tj ET Q q 0 0 0 rg BT 422.87 697.30 Td (s ) Tj ET Q q 0 0 0 rg BT 429.71 697.30 Td (possession ) Tj ET Q q 0 0 0 rg BT 483.21 697.30 Td (or ) Tj ET Q q 0 0 0 rg BT 495.37 697.30 Td (delivered ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 682.90 Td (to ) Tj ET Q q 0 0 0 rg BT 83.29 682.90 Td (anyone ) Tj ET Q q 0 0 0 rg BT 119.90 682.90 Td (else\). ) Tj ET Q q 0 0 0 rg BT 147.51 682.90 Td ( ) Tj ET Q q 0 0 0 rg BT 149.46 682.90 Td (For ) Tj ET Q q 0 0 0 rg BT 168.09 682.90 Td (purposes ) Tj ET Q q 0 0 0 rg BT 212.70 682.90 Td (of ) Tj ET Q q 0 0 0 rg BT 224.66 682.90 Td (this ) Tj ET Q q 0 0 0 rg BT 243.52 682.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 301.78 682.90 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 307.10791015625 681.0220703125 m 399.4853515625 681.0220703125 l s q 0 0 0 rg BT 307.11 682.90 Td (Personal ) Tj ET Q q 0 0 0 rg BT 353.72 682.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 366.16 682.90 Td (operty) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 399.49 682.90 Td ( ) Tj ET Q q 0 0 0 rg BT 406.77 682.90 Td (includes, ) Tj ET Q q 0 0 0 rg BT 451.71 682.90 Td (without ) Tj ET Q q 0 0 0 rg BT 490.34 682.90 Td (limitation, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 668.50 Td (all ) Tj ET Q q 0 0 0 rg BT 88.31 668.50 Td (books, ) Tj ET Q q 0 0 0 rg BT 124.29 668.50 Td (manuals, ) Tj ET Q q 0 0 0 rg BT 171.60 668.50 Td (records, ) Tj ET Q q 0 0 0 rg BT 214.22 668.50 Td (reports, ) Tj ET Q q 0 0 0 rg BT 254.86 668.50 Td (notes, ) Tj ET Q q 0 0 0 rg BT 287.50 668.50 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 338.13 668.50 Td (lists, ) Tj ET Q q 0 0 0 rg BT 364.79 668.50 Td (blueprints, ) Tj ET Q q 0 0 0 rg BT 420.10 668.50 Td (and ) Tj ET Q q 0 0 0 rg BT 441.74 668.50 Td (other ) Tj ET Q q 0 0 0 rg BT 470.71 668.50 Td (documents, ) Tj ET Q q 0 0 0 rg BT 530.01 668.50 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 654.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 122.49 654.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.00 654.10 Td (copies ) Tj ET Q q 0 0 0 rg BT 170.17 654.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 207.66 654.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 260.50 654.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 309.33 654.10 Td (files\), ) Tj ET Q q 0 0 0 rg BT 340.50 654.10 Td (keys, ) Tj ET Q q 0 0 0 rg BT 369.01 654.10 Td (building ) Tj ET Q q 0 0 0 rg BT 412.52 654.10 Td (card ) Tj ET Q q 0 0 0 rg BT 436.68 654.10 Td (keys, ) Tj ET Q q 0 0 0 rg BT 465.19 654.10 Td (company ) Tj ET Q q 0 0 0 rg BT 512.69 654.10 Td (credit ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 639.70 Td (cards, ) Tj ET Q q 0 0 0 rg BT 106.97 639.70 Td (telephone ) Tj ET Q q 0 0 0 rg BT 160.27 639.70 Td (calling ) Tj ET Q q 0 0 0 rg BT 199.58 639.70 Td (cards, ) Tj ET Q q 0 0 0 rg BT 234.55 639.70 Td (computer ) Tj ET Q q 0 0 0 rg BT 286.52 639.70 Td (hardware ) Tj ET Q q 0 0 0 rg BT 337.81 639.70 Td (and ) Tj ET Q q 0 0 0 rg BT 361.79 639.70 Td (software, ) Tj ET Q q 0 0 0 rg BT 412.75 639.70 Td (and ) Tj ET Q q 0 0 0 rg BT 436.73 639.70 Td (all ) Tj ET Q q 0 0 0 rg BT 455.38 639.70 Td (other ) Tj ET Q q 0 0 0 rg BT 486.69 639.70 Td (proprietary ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 625.30 Td (information ) Tj ET Q q 0 0 0 rg BT 132.70 625.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 173.39 625.30 Td (to ) Tj ET Q q 0 0 0 rg BT 186.77 625.30 Td (the ) Tj ET Q q 0 0 0 rg BT 205.48 625.30 Td (business ) Tj ET Q q 0 0 0 rg BT 250.19 625.30 Td (of ) Tj ET Q q 0 0 0 rg BT 264.23 625.30 Td (the ) Tj ET Q q 0 0 0 rg BT 282.94 625.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.64 625.30 Td (or ) Tj ET Q q 0 0 0 rg BT 347.69 625.30 Td (its ) Tj ET Q q 0 0 0 rg BT 363.07 625.30 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 423.77 625.30 Td (or ) Tj ET Q q 0 0 0 rg BT 437.81 625.30 Td (af) Tj ET Q q 0 0 0 rg BT 446.92 625.30 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 486.62 625.30 Td ( ) Tj ET Q q 0 0 0 rg BT 490.66 625.30 Td (Following ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td (termination, ) Tj ET Q q 0 0 0 rg BT 135.69 610.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 189.04 610.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 217.08 610.90 Td (not ) Tj ET Q q 0 0 0 rg BT 237.79 610.90 Td (retain ) Tj ET Q q 0 0 0 rg BT 270.47 610.90 Td (any ) Tj ET Q q 0 0 0 rg BT 293.17 610.90 Td (written ) Tj ET Q q 0 0 0 rg BT 332.54 610.90 Td (or ) Tj ET Q q 0 0 0 rg BT 347.91 610.90 Td (other ) Tj ET Q q 0 0 0 rg BT 377.94 610.90 Td (tangible ) Tj ET Q q 0 0 0 rg BT 421.96 610.90 Td (material ) Tj ET Q q 0 0 0 rg BT 466.65 610.90 Td (containing ) Tj ET Q q 0 0 0 rg BT 522.67 610.90 Td (any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 596.50 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 128.31 596.50 Td (information ) Tj ET Q q 0 0 0 rg BT 187.96 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 200.96 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 218.62 596.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 268.28 596.50 Td (or ) Tj ET Q q 0 0 0 rg BT 281.28 596.50 Td (its ) Tj ET Q q 0 0 0 rg BT 295.62 596.50 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 355.28 596.50 Td (or ) Tj ET Q q 0 0 0 rg BT 368.27 596.50 Td (af) Tj ET Q q 0 0 0 rg BT 377.38 596.50 Td (filiates.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 122.00 570.10 Td (5. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 162 568.2220703125 m 293.6484375 568.2220703125 l s q 0 0 0 rg BT 162.00 570.10 Td (Mutual ) Tj ET Q q 0 0 0 rg BT 203.00 570.10 Td (Release ) Tj ET Q q 0 0 0 rg BT 244.65 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.65 570.10 Td (Claims) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 293.65 570.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 543.70 Td (\(a\) ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 542.100390625 m 277.5673828125 542.100390625 l s q 0 0 0 rg BT 180.00 543.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 231.31 543.70 Td (s ) Tj ET Q q 0 0 0 rg BT 240.25 543.70 Td (Release) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 277.57 543.70 Td (: ) Tj ET Q q 0 0 0 rg BT 285.18 543.70 Td ( ) Tj ET Q q 0 0 0 rg BT 289.45 543.70 Td (On ) Tj ET Q q 0 0 0 rg BT 308.39 543.70 Td (behalf ) Tj ET Q q 0 0 0 rg BT 342.65 543.70 Td (of ) Tj ET Q q 0 0 0 rg BT 356.92 543.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 409.17 543.70 Td (and ) Tj ET Q q 0 0 0 rg BT 430.77 543.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 482.08 543.70 Td (s ) Tj ET Q q 0 0 0 rg BT 491.02 543.70 Td (executors, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 529.30 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 146.61 529.30 Td (heirs ) Tj ET Q q 0 0 0 rg BT 172.89 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 193.17 529.30 Td (assigns, ) Tj ET Q q 0 0 0 rg BT 233.80 529.30 Td (except ) Tj ET Q q 0 0 0 rg BT 268.07 529.30 Td (for ) Tj ET Q q 0 0 0 rg BT 285.02 529.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 341.31 529.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 376.92 529.30 Td (from ) Tj ET Q q 0 0 0 rg BT 403.20 529.30 Td (this ) Tj ET Q q 0 0 0 rg BT 422.85 529.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 479.11 529.30 Td (and ) Tj ET Q q 0 0 0 rg BT 499.39 529.30 Td (the ) Tj ET Q q 0 0 0 rg BT 517.01 529.30 Td (CIC, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 514.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 124.83 514.90 Td (hereby ) Tj ET Q q 0 0 0 rg BT 162.34 514.90 Td (releases ) Tj ET Q q 0 0 0 rg BT 205.17 514.90 Td (and ) Tj ET Q q 0 0 0 rg BT 227.35 514.90 Td (forever ) Tj ET Q q 0 0 0 rg BT 266.85 514.90 Td (dischar) Tj ET Q q 0 0 0 rg BT 301.28 514.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 322.14 514.90 Td (the ) Tj ET Q q 0 0 0 rg BT 341.65 514.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.50 514.90 Td (Released ) Tj ET Q q 0 0 0 rg BT 446.67 514.90 Td (Parties ) Tj ET Q q 0 0 0 rg BT 489.51 514.90 Td (hereunder) Tj ET Q q 0 0 0 rg BT 537.00 514.90 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 500.50 Td (consisting ) Tj ET Q q 0 0 0 rg BT 122.68 500.50 Td (of ) Tj ET Q q 0 0 0 rg BT 134.69 500.50 Td (the ) Tj ET Q q 0 0 0 rg BT 151.36 500.50 Td (Company) Tj ET Q q 0 0 0 rg BT 197.24 500.50 Td (, ) Tj ET Q q 0 0 0 rg BT 202.25 500.50 Td (and ) Tj ET Q q 0 0 0 rg BT 221.59 500.50 Td (each ) Tj ET Q q 0 0 0 rg BT 245.58 500.50 Td (of ) Tj ET Q q 0 0 0 rg BT 257.59 500.50 Td (its ) Tj ET Q q 0 0 0 rg BT 270.94 500.50 Td (owners, ) Tj ET Q q 0 0 0 rg BT 310.61 500.50 Td (directors, ) Tj ET Q q 0 0 0 rg BT 357.60 500.50 Td (of) Tj ET Q q 0 0 0 rg BT 367.38 500.50 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 399.04 500.50 Td (managers, ) Tj ET Q q 0 0 0 rg BT 450.03 500.50 Td (employees, ) Tj ET Q q 0 0 0 rg BT 506.36 500.50 Td (agents, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 486.10 Td (af) Tj ET Q q 0 0 0 rg BT 81.11 486.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 116.73 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.02 486.10 Td (insurers, ) Tj ET Q q 0 0 0 rg BT 180.99 486.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.28 486.10 Td (all ) Tj ET Q q 0 0 0 rg BT 216.24 486.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 255.88 486.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 288.17 486.10 Td (by) Tj ET Q q 0 0 0 rg BT 299.39 486.10 Td (, ) Tj ET Q q 0 0 0 rg BT 305.36 486.10 Td (through, ) Tj ET Q q 0 0 0 rg BT 348.65 486.10 Td (under ) Tj ET Q q 0 0 0 rg BT 378.95 486.10 Td (or ) Tj ET Q q 0 0 0 rg BT 391.91 486.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.21 486.10 Td (concert ) Tj ET Q q 0 0 0 rg BT 442.49 486.10 Td (with ) Tj ET Q q 0 0 0 rg BT 466.80 486.10 Td (them, ) Tj ET Q q 0 0 0 rg BT 496.76 486.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.72 486.10 Td (any ) Tj ET Q q 0 0 0 rg BT 530.02 486.10 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 471.70 Td (them, ) Tj ET Q q 0 0 0 rg BT 102.25 471.70 Td (of ) Tj ET Q q 0 0 0 rg BT 115.51 471.70 Td (and ) Tj ET Q q 0 0 0 rg BT 136.09 471.70 Td (from ) Tj ET Q q 0 0 0 rg BT 162.67 471.70 Td (any ) Tj ET Q q 0 0 0 rg BT 183.26 471.70 Td (and ) Tj ET Q q 0 0 0 rg BT 203.84 471.70 Td (all ) Tj ET Q q 0 0 0 rg BT 219.09 471.70 Td (manner ) Tj ET Q q 0 0 0 rg BT 258.33 471.70 Td (of ) Tj ET Q q 0 0 0 rg BT 271.59 471.70 Td (action ) Tj ET Q q 0 0 0 rg BT 304.17 471.70 Td (or ) Tj ET Q q 0 0 0 rg BT 317.42 471.70 Td (actions, ) Tj ET Q q 0 0 0 rg BT 357.67 471.70 Td (cause ) Tj ET Q q 0 0 0 rg BT 387.57 471.70 Td (or ) Tj ET Q q 0 0 0 rg BT 400.83 471.70 Td (causes ) Tj ET Q q 0 0 0 rg BT 435.40 471.70 Td (of ) Tj ET Q q 0 0 0 rg BT 448.66 471.70 Td (action, ) Tj ET Q q 0 0 0 rg BT 484.24 471.70 Td (in ) Tj ET Q q 0 0 0 rg BT 496.83 471.70 Td (law ) Tj ET Q q 0 0 0 rg BT 517.41 471.70 Td (or ) Tj ET Q q 0 0 0 rg BT 530.67 471.70 Td (in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 457.30 Td (equity) Tj ET Q q 0 0 0 rg BT 101.21 457.30 Td (, ) Tj ET Q q 0 0 0 rg BT 106.06 457.30 Td (suits, ) Tj ET Q q 0 0 0 rg BT 132.92 457.30 Td (debts, ) Tj ET Q q 0 0 0 rg BT 163.09 457.30 Td (liens, ) Tj ET Q q 0 0 0 rg BT 190.61 457.30 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 238.77 457.30 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 298.25 457.30 Td (promises, ) Tj ET Q q 0 0 0 rg BT 346.43 457.30 Td (liability) Tj ET Q q 0 0 0 rg BT 382.98 457.30 Td (, ) Tj ET Q q 0 0 0 rg BT 387.83 457.30 Td (claims, ) Tj ET Q q 0 0 0 rg BT 424.00 457.30 Td (demands, ) Tj ET Q q 0 0 0 rg BT 471.50 457.30 Td (damages, ) Tj ET Q q 0 0 0 rg BT 518.33 457.30 Td (loss, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 442.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 95.25 442.90 Td (or ) Tj ET Q q 0 0 0 rg BT 109.17 442.90 Td (expense, ) Tj ET Q q 0 0 0 rg BT 154.74 442.90 Td (of ) Tj ET Q q 0 0 0 rg BT 168.66 442.90 Td (any ) Tj ET Q q 0 0 0 rg BT 189.90 442.90 Td (nature ) Tj ET Q q 0 0 0 rg BT 223.81 442.90 Td (whatsoever) Tj ET Q q 0 0 0 rg BT 277.97 442.90 Td (, ) Tj ET Q q 0 0 0 rg BT 284.89 442.90 Td (known ) Tj ET Q q 0 0 0 rg BT 321.48 442.90 Td (or ) Tj ET Q q 0 0 0 rg BT 335.40 442.90 Td (unknown, ) Tj ET Q q 0 0 0 rg BT 386.99 442.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 415.56 442.90 Td (or ) Tj ET Q q 0 0 0 rg BT 429.48 442.90 Td (contingent ) Tj ET Q q 0 0 0 rg BT 484.06 442.90 Td (\(hereinafter ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 428.50 Td (called ) Tj ET Q q 0 0 0 rg BT 103.51 428.50 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 108.83349609375 426.6220703125 m 144.83349609375 426.6220703125 l s q 0 0 0 rg BT 108.83 428.50 Td (Claims) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.83 428.50 Td (\), ) Tj ET Q q 0 0 0 rg BT 160.02 428.50 Td (which ) Tj ET Q q 0 0 0 rg BT 192.20 428.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 243.04 428.50 Td (now ) Tj ET Q q 0 0 0 rg BT 266.57 428.50 Td (has ) Tj ET Q q 0 0 0 rg BT 285.42 428.50 Td (or ) Tj ET Q q 0 0 0 rg BT 298.28 428.50 Td (may ) Tj ET Q q 0 0 0 rg BT 321.80 428.50 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 367.29 428.50 Td (have ) Tj ET Q q 0 0 0 rg BT 392.80 428.50 Td (against ) Tj ET Q q 0 0 0 rg BT 429.65 428.50 Td (the ) Tj ET Q q 0 0 0 rg BT 447.18 428.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 496.70 428.50 Td (Released ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 414.10 Td (Parties, ) Tj ET Q q 0 0 0 rg BT 110.56 414.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.45 414.10 Td (any ) Tj ET Q q 0 0 0 rg BT 143.68 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.57 414.10 Td (them, ) Tj ET Q q 0 0 0 rg BT 186.47 414.10 Td (by ) Tj ET Q q 0 0 0 rg BT 201.37 414.10 Td (reason ) Tj ET Q q 0 0 0 rg BT 235.58 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.48 414.10 Td (any ) Tj ET Q q 0 0 0 rg BT 268.70 414.10 Td (matter) Tj ET Q q 0 0 0 rg BT 298.87 414.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.77 414.10 Td (cause, ) Tj ET Q q 0 0 0 rg BT 337.32 414.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.21 414.10 Td (thing ) Tj ET Q q 0 0 0 rg BT 377.78 414.10 Td (whatsoever ) Tj ET Q q 0 0 0 rg BT 435.33 414.10 Td (from ) Tj ET Q q 0 0 0 rg BT 461.55 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.11 414.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 530.00 414.10 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 399.70 Td (time ) Tj ET Q q 0 0 0 rg BT 97.45 399.70 Td (to ) Tj ET Q q 0 0 0 rg BT 110.92 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 129.70 399.70 Td (date ) Tj ET Q q 0 0 0 rg BT 153.81 399.70 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 191.59 399.70 Td (including, ) Tj ET Q q 0 0 0 rg BT 244.04 399.70 Td (without ) Tj ET Q q 0 0 0 rg BT 284.83 399.70 Td (limiting ) Tj ET Q q 0 0 0 rg BT 326.96 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 345.75 399.70 Td (generality ) Tj ET Q q 0 0 0 rg BT 397.85 399.70 Td (of ) Tj ET Q q 0 0 0 rg BT 411.98 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 430.76 399.70 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 484.54 399.70 Td (any ) Tj ET Q q 0 0 0 rg BT 506.00 399.70 Td (Claims ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 385.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 109.38 385.30 Td (directly ) Tj ET Q q 0 0 0 rg BT 150.74 385.30 Td (or ) Tj ET Q q 0 0 0 rg BT 165.45 385.30 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 216.15 385.30 Td (out ) Tj ET Q q 0 0 0 rg BT 236.20 385.30 Td (of, ) Tj ET Q q 0 0 0 rg BT 253.91 385.30 Td (relating ) Tj ET Q q 0 0 0 rg BT 295.28 385.30 Td (to, ) Tj ET Q q 0 0 0 rg BT 312.33 385.30 Td (or ) Tj ET Q q 0 0 0 rg BT 327.04 385.30 Td (in ) Tj ET Q q 0 0 0 rg BT 341.09 385.30 Td (any ) Tj ET Q q 0 0 0 rg BT 363.13 385.30 Td (other ) Tj ET Q q 0 0 0 rg BT 392.50 385.30 Td (way ) Tj ET Q q 0 0 0 rg BT 417.21 385.30 Td (involving ) Tj ET Q q 0 0 0 rg BT 467.93 385.30 Td (in ) Tj ET Q q 0 0 0 rg BT 481.98 385.30 Td (any ) Tj ET Q q 0 0 0 rg BT 504.02 385.30 Td (manner ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 370.90 Td (whatsoever ) Tj ET Q q 0 0 0 rg BT 129.47 370.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 180.79 370.90 Td (s ) Tj ET Q q 0 0 0 rg BT 188.29 370.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 251.10 370.90 Td (by ) Tj ET Q q 0 0 0 rg BT 265.93 370.90 Td (the ) Tj ET Q q 0 0 0 rg BT 283.42 370.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 332.92 370.90 Td (or ) Tj ET Q q 0 0 0 rg BT 345.74 370.90 Td (the ) Tj ET Q q 0 0 0 rg BT 363.23 370.90 Td (separation ) Tj ET Q q 0 0 0 rg BT 415.38 370.90 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 455.19 370.90 Td (including ) Tj ET Q q 0 0 0 rg BT 503.34 370.90 Td (without ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 356.50 Td (limitation ) Tj ET Q q 0 0 0 rg BT 121.36 356.50 Td (any ) Tj ET Q q 0 0 0 rg BT 141.39 356.50 Td (and ) Tj ET Q q 0 0 0 rg BT 161.41 356.50 Td (all ) Tj ET Q q 0 0 0 rg BT 176.10 356.50 Td (claims ) Tj ET Q q 0 0 0 rg BT 210.13 356.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 245.48 356.50 Td (under ) Tj ET Q q 0 0 0 rg BT 275.50 356.50 Td (federal, ) Tj ET Q q 0 0 0 rg BT 314.51 356.50 Td (state, ) Tj ET Q q 0 0 0 rg BT 342.20 356.50 Td (or ) Tj ET Q q 0 0 0 rg BT 354.89 356.50 Td (local ) Tj ET Q q 0 0 0 rg BT 380.91 356.50 Td (laws ) Tj ET Q q 0 0 0 rg BT 405.60 356.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 444.95 356.50 Td (to ) Tj ET Q q 0 0 0 rg BT 456.98 356.50 Td (employment, ) Tj ET Q q 0 0 0 rg BT 522.67 356.50 Td (any ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 342.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 105.45 342.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 140.23 342.10 Td (under ) Tj ET Q q 0 0 0 rg BT 169.67 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.98 342.10 Td (Age ) Tj ET Q q 0 0 0 rg BT 208.10 342.10 Td (Discrimination ) Tj ET Q q 0 0 0 rg BT 282.21 342.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.66 342.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 357.31 342.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 376.75 342.10 Td (\("ADEA"\), ) Tj ET Q q 0 0 0 rg BT 432.99 342.10 Td (as ) Tj ET Q q 0 0 0 rg BT 445.11 342.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 493.54 342.10 Td (29 ) Tj ET Q q 0 0 0 rg BT 507.66 342.10 Td (U.S.C. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 327.70 Td (621,) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 102 326.100390625 m 131.2060546875 326.100390625 l s q 0 0 0 rg BT 102.00 327.70 Td ( ) Tj ET Q q 0 0 0 rg BT 104.27 327.70 Td (et ) Tj ET Q q 0 0 0 rg BT 115.21 327.70 Td (seq) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 131.21 327.70 Td (.; ) Tj ET Q q 0 0 0 rg BT 139.65 327.70 Td (T) Tj ET Q q 0 0 0 rg BT 146.56 327.70 Td (itle ) Tj ET Q q 0 0 0 rg BT 164.00 327.70 Td (VII ) Tj ET Q q 0 0 0 rg BT 182.93 327.70 Td (of ) Tj ET Q q 0 0 0 rg BT 195.20 327.70 Td (the ) Tj ET Q q 0 0 0 rg BT 212.14 327.70 Td (Civil ) Tj ET Q q 0 0 0 rg BT 238.42 327.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 271.53 327.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 291.13 327.70 Td (of ) Tj ET Q q 0 0 0 rg BT 303.40 327.70 Td (1964, ) Tj ET Q q 0 0 0 rg BT 332.68 327.70 Td (as ) Tj ET Q q 0 0 0 rg BT 344.95 327.70 Td (amended ) Tj ET Q q 0 0 0 rg BT 390.54 327.70 Td (by ) Tj ET Q q 0 0 0 rg BT 404.81 327.70 Td (the ) Tj ET Q q 0 0 0 rg BT 421.75 327.70 Td (Civil ) Tj ET Q q 0 0 0 rg BT 448.03 327.70 Td (Rights ) Tj ET Q q 0 0 0 rg BT 481.14 327.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 500.74 327.70 Td (of ) Tj ET Q q 0 0 0 rg BT 513.01 327.70 Td (1991, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 313.30 Td (42 ) Tj ET Q q 0 0 0 rg BT 86.81 313.30 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 121.97 313.30 Td ( ) Tj ET Q q 0 0 0 rg BT 130.78 313.30 Td (2000) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 154.78125 311.700390625 m 188.0625 311.700390625 l s q 0 0 0 rg BT 154.78 313.30 Td ( ) Tj ET Q q 0 0 0 rg BT 157.59 313.30 Td (et ) Tj ET Q q 0 0 0 rg BT 169.07 313.30 Td (seq.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 188.06 313.30 Td (; ) Tj ET Q q 0 0 0 rg BT 194.21 313.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.68 313.30 Td (Equal ) Tj ET Q q 0 0 0 rg BT 242.48 313.30 Td (Pay ) Tj ET Q q 0 0 0 rg BT 262.68 313.30 Td (Act, ) Tj ET Q q 0 0 0 rg BT 285.81 313.30 Td (as ) Tj ET Q q 0 0 0 rg BT 298.62 313.30 Td (amended, ) Tj ET Q q 0 0 0 rg BT 347.75 313.30 Td (29 ) Tj ET Q q 0 0 0 rg BT 362.56 313.30 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 397.72 313.30 Td (206\(d\); ) Tj ET Q q 0 0 0 rg BT 444.86 313.30 Td (the ) Tj ET Q q 0 0 0 rg BT 462.33 313.30 Td (Civil ) Tj ET Q q 0 0 0 rg BT 489.15 313.30 Td (Rights ) Tj ET Q q 0 0 0 rg BT 522.68 313.30 Td (Act ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 298.90 Td (of ) Tj ET Q q 0 0 0 rg BT 85.14 298.90 Td (1866, ) Tj ET Q q 0 0 0 rg BT 115.29 298.90 Td (42 ) Tj ET Q q 0 0 0 rg BT 130.43 298.90 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 165.92 298.90 Td ( ) Tj ET Q q 0 0 0 rg BT 175.06 298.90 Td (1981; ) Tj ET Q q 0 0 0 rg BT 205.54 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 223.35 298.90 Td (Family ) Tj ET Q q 0 0 0 rg BT 260.50 298.90 Td (and ) Tj ET Q q 0 0 0 rg BT 280.97 298.90 Td (Medical ) Tj ET Q q 0 0 0 rg BT 323.43 298.90 Td (Leave ) Tj ET Q q 0 0 0 rg BT 355.19 298.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 375.66 298.90 Td (of ) Tj ET Q q 0 0 0 rg BT 388.80 298.90 Td (1993, ) Tj ET Q q 0 0 0 rg BT 418.95 298.90 Td (29 ) Tj ET Q q 0 0 0 rg BT 434.09 298.90 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 469.58 298.90 Td ( ) Tj ET Q q 0 0 0 rg BT 478.72 298.90 Td (2601) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 502.72412109375 297.300390625 m 536.67041015625 297.300390625 l s q 0 0 0 rg BT 502.72 298.90 Td ( ) Tj ET Q q 0 0 0 rg BT 505.87 298.90 Td (et ) Tj ET Q q 0 0 0 rg BT 517.67 298.90 Td (seq.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 536.67 298.90 Td (; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 284.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.06 284.50 Td (Americans ) Tj ET Q q 0 0 0 rg BT 144.12 284.50 Td (with ) Tj ET Q q 0 0 0 rg BT 168.53 284.50 Td (Disabilities ) Tj ET Q q 0 0 0 rg BT 225.59 284.50 Td (Act ) Tj ET Q q 0 0 0 rg BT 246.00 284.50 Td (of ) Tj ET Q q 0 0 0 rg BT 259.07 284.50 Td (1990, ) Tj ET Q q 0 0 0 rg BT 289.15 284.50 Td (42 ) Tj ET Q q 0 0 0 rg BT 304.23 284.50 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 339.65 284.50 Td ( ) Tj ET Q q 0 0 0 rg BT 348.73 284.50 Td (12101) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 378.732421875 282.900390625 m 412.546875 282.900390625 l s q 0 0 0 rg BT 378.73 284.50 Td ( ) Tj ET Q q 0 0 0 rg BT 381.81 284.50 Td (et ) Tj ET Q q 0 0 0 rg BT 393.55 284.50 Td (seq.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 412.55 284.50 Td (; ) Tj ET Q q 0 0 0 rg BT 418.96 284.50 Td (the ) Tj ET Q q 0 0 0 rg BT 436.70 284.50 Td (False ) Tj ET Q q 0 0 0 rg BT 465.11 284.50 Td (Claims ) Tj ET Q q 0 0 0 rg BT 501.51 284.50 Td (Act ) Tj ET Q q 0 0 0 rg BT 521.92 284.50 Td (, ) Tj ET Q q 0 0 0 rg BT 527.99 284.50 Td (31 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 270.10 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 106.25 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.15 270.10 Td (3729) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 138.146484375 268.500390625 m 169.60546875 268.500390625 l s q 0 0 0 rg BT 138.15 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.05 270.10 Td (et ) Tj ET Q q 0 0 0 rg BT 150.61 270.10 Td (seq.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 169.61 270.10 Td (; ) Tj ET Q q 0 0 0 rg BT 174.84 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.40 270.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 241.95 270.10 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 297.17 270.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 335.05 270.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 376.53 270.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 398.75 270.10 Td (as ) Tj ET Q q 0 0 0 rg BT 410.65 270.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 458.86 270.10 Td (29 ) Tj ET Q q 0 0 0 rg BT 472.77 270.10 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 507.01 270.10 Td (1001) Tj ET Q BT /F1 12.00 Tf ET BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 72 254.10039062500005 m 99.56103515625 254.10039062500005 l s q 0 0 0 rg BT 72.00 255.70 Td (et ) Tj ET Q q 0 0 0 rg BT 83.56 255.70 Td (seq) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 99.56 255.70 Td (.; ) Tj ET Q q 0 0 0 rg BT 108.80 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 126.15 255.70 Td (W) Tj ET Q q 0 0 0 rg BT 136.52 255.70 Td (orker ) Tj ET Q q 0 0 0 rg BT 164.10 255.70 Td (Adjustment ) Tj ET Q q 0 0 0 rg BT 223.00 255.70 Td (and ) Tj ET Q q 0 0 0 rg BT 243.24 255.70 Td (Retraining ) Tj ET Q q 0 0 0 rg BT 296.79 255.70 Td (Notification ) Tj ET Q q 0 0 0 rg BT 357.04 255.70 Td (Act, ) Tj ET Q q 0 0 0 rg BT 380.27 255.70 Td (as ) Tj ET Q q 0 0 0 rg BT 393.17 255.70 Td (amended, ) Tj ET Q q 0 0 0 rg BT 442.39 255.70 Td (29 ) Tj ET Q q 0 0 0 rg BT 457.30 255.70 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 492.55 255.70 Td ( ) Tj ET Q q 0 0 0 rg BT 504.45 255.70 Td (2101) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 528.4501953125 254.10039062500005 m 543.01513671875 254.10039062500005 l s q 0 0 0 rg BT 528.45 255.70 Td ( ) Tj ET Q q 0 0 0 rg BT 531.35 255.70 Td (et ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 72 239.70039062499995 m 87.99609375 239.70039062499995 l s q 0 0 0 rg BT 72.00 241.30 Td (seq) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 88.00 241.30 Td (. ) Tj ET Q q 0 0 0 rg BT 93.60 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 110.86 241.30 Td (Fair ) Tj ET Q q 0 0 0 rg BT 132.79 241.30 Td (Labor ) Tj ET Q q 0 0 0 rg BT 164.04 241.30 Td (Standards ) Tj ET Q q 0 0 0 rg BT 213.39 241.30 Td (Act, ) Tj ET Q q 0 0 0 rg BT 236.32 241.30 Td (29 ) Tj ET Q q 0 0 0 rg BT 250.92 241.30 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 285.86 241.30 Td ( ) Tj ET Q q 0 0 0 rg BT 294.46 241.30 Td (215) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 312.4619140625 239.70039062499995 m 345.318359375 239.70039062499995 l s q 0 0 0 rg BT 312.46 241.30 Td ( ) Tj ET Q q 0 0 0 rg BT 315.06 241.30 Td (et ) Tj ET Q q 0 0 0 rg BT 326.32 241.30 Td (seq.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 345.32 241.30 Td (, ) Tj ET Q q 0 0 0 rg BT 350.92 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 368.18 241.30 Td (whistleblower ) Tj ET Q q 0 0 0 rg BT 438.77 241.30 Td (retaliation ) Tj ET Q q 0 0 0 rg BT 490.01 241.30 Td (provisions ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 226.90 Td (of ) Tj ET Q q 0 0 0 rg BT 83.58 226.90 Td (the ) Tj ET Q q 0 0 0 rg BT 99.83 226.90 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 177.71 226.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 196.62 226.90 Td (of ) Tj ET Q q 0 0 0 rg BT 208.20 226.90 Td (2002 ) Tj ET Q q 0 0 0 rg BT 233.79 226.90 Td (and ) Tj ET Q q 0 0 0 rg BT 252.70 226.90 Td (the ) Tj ET Q q 0 0 0 rg BT 268.95 226.90 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 329.08 226.90 Td (W) Tj ET Q q 0 0 0 rg BT 339.44 226.90 Td (all ) Tj ET Q q 0 0 0 rg BT 353.02 226.90 Td (Street ) Tj ET Q q 0 0 0 rg BT 382.60 226.90 Td (Reform ) Tj ET Q q 0 0 0 rg BT 420.84 226.90 Td (and ) Tj ET Q q 0 0 0 rg BT 439.75 226.90 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 490.67 226.90 Td (Protection ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 212.50 Td (Act ) Tj ET Q q 0 0 0 rg BT 92.76 212.50 Td (of ) Tj ET Q q 0 0 0 rg BT 106.18 212.50 Td (2010 ) Tj ET Q q 0 0 0 rg BT 133.61 212.50 Td (\(to ) Tj ET Q q 0 0 0 rg BT 150.38 212.50 Td (the ) Tj ET Q q 0 0 0 rg BT 168.47 212.50 Td (maximum ) Tj ET Q q 0 0 0 rg BT 220.56 212.50 Td (extent ) Tj ET Q q 0 0 0 rg BT 253.31 212.50 Td (permitted ) Tj ET Q q 0 0 0 rg BT 302.72 212.50 Td (by ) Tj ET Q q 0 0 0 rg BT 318.16 212.50 Td (the ) Tj ET Q q 0 0 0 rg BT 336.25 212.50 Td (law\); ) Tj ET Q q 0 0 0 rg BT 364.33 212.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.42 212.50 Td (California ) Tj ET Q q 0 0 0 rg BT 434.50 212.50 Td (Fair ) Tj ET Q q 0 0 0 rg BT 457.27 212.50 Td (Employment ) Tj ET Q q 0 0 0 rg BT 522.69 212.50 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 198.10 Td (Housing ) Tj ET Q q 0 0 0 rg BT 114.91 198.10 Td (Act; ) Tj ET Q q 0 0 0 rg BT 138.44 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.97 198.10 Td (California ) Tj ET Q q 0 0 0 rg BT 207.50 198.10 Td (Family ) Tj ET Q q 0 0 0 rg BT 244.37 198.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 277.95 198.10 Td (Act; ) Tj ET Q q 0 0 0 rg BT 301.48 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.02 198.10 Td (California ) Tj ET Q q 0 0 0 rg BT 370.54 198.10 Td (Labor ) Tj ET Q q 0 0 0 rg BT 402.07 198.10 Td (Code; ) Tj ET Q q 0 0 0 rg BT 433.60 198.10 Td (California ) Tj ET Q q 0 0 0 rg BT 485.13 198.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 530.67 198.10 Td (& ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 183.70 Td (Professions ) Tj ET Q q 0 0 0 rg BT 130.57 183.70 Td (Code ) Tj ET Q q 0 0 0 rg BT 159.14 183.70 Td (Section ) Tj ET Q q 0 0 0 rg BT 198.37 183.70 Td (17200; ) Tj ET Q q 0 0 0 rg BT 234.94 183.70 Td (Claims ) Tj ET Q q 0 0 0 rg BT 272.18 183.70 Td (for ) Tj ET Q q 0 0 0 rg BT 289.41 183.70 Td (breach ) Tj ET Q q 0 0 0 rg BT 324.62 183.70 Td (of ) Tj ET Q q 0 0 0 rg BT 337.86 183.70 Td (contract; ) Tj ET Q q 0 0 0 rg BT 383.07 183.70 Td (Claims ) Tj ET Q q 0 0 0 rg BT 420.31 183.70 Td (arising ) Tj ET Q q 0 0 0 rg BT 456.21 183.70 Td (in ) Tj ET Q q 0 0 0 rg BT 468.78 183.70 Td (tort, ) Tj ET Q q 0 0 0 rg BT 491.68 183.70 Td (including, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 169.30 Td (without ) Tj ET Q q 0 0 0 rg BT 115.44 169.30 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 171.88 169.30 Td (Claims ) Tj ET Q q 0 0 0 rg BT 212.65 169.30 Td (of ) Tj ET Q q 0 0 0 rg BT 229.42 169.30 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 280.18 169.30 Td (dismissal ) Tj ET Q q 0 0 0 rg BT 331.62 169.30 Td (or ) Tj ET Q q 0 0 0 rg BT 348.39 169.30 Td (dischar) Tj ET Q q 0 0 0 rg BT 382.83 169.30 Td (ge, ) Tj ET Q q 0 0 0 rg BT 403.92 169.30 Td (discrimination, ) Tj ET Q q 0 0 0 rg BT 483.02 169.30 Td (harassment, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 154.90 Td (retaliation, ) Tj ET Q q 0 0 0 rg BT 126.12 154.90 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 156.92 154.90 Td (misrepresentation, ) Tj ET Q q 0 0 0 rg BT 247.71 154.90 Td (defamation, ) Tj ET Q q 0 0 0 rg BT 307.17 154.90 Td (libel, ) Tj ET Q q 0 0 0 rg BT 333.97 154.90 Td (infliction ) Tj ET Q q 0 0 0 rg BT 380.45 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 392.92 154.90 Td (emotional ) Tj ET Q q 0 0 0 rg BT 443.39 154.90 Td (distress, ) Tj ET Q q 0 0 0 rg BT 484.87 154.90 Td (violation ) Tj ET Q q 0 0 0 rg BT 530.01 154.90 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 140.50 Td (public ) Tj ET Q q 0 0 0 rg BT 104.78 140.50 Td (policy) Tj ET Q q 0 0 0 rg BT 134.00 140.50 Td (, ) Tj ET Q q 0 0 0 rg BT 139.78 140.50 Td (and/or ) Tj ET Q q 0 0 0 rg BT 173.23 140.50 Td (breach ) Tj ET Q q 0 0 0 rg BT 207.99 140.50 Td (of ) Tj ET Q q 0 0 0 rg BT 220.77 140.50 Td (the ) Tj ET Q q 0 0 0 rg BT 238.22 140.50 Td (implied ) Tj ET Q q 0 0 0 rg BT 277.67 140.50 Td (covenant ) Tj ET Q q 0 0 0 rg BT 323.77 140.50 Td (of ) Tj ET Q q 0 0 0 rg BT 336.56 140.50 Td (good ) Tj ET Q q 0 0 0 rg BT 363.34 140.50 Td (faith ) Tj ET Q q 0 0 0 rg BT 388.12 140.50 Td (and ) Tj ET Q q 0 0 0 rg BT 408.23 140.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.67 140.50 Td (dealing; ) Tj ET Q q 0 0 0 rg BT 469.12 140.50 Td (and ) Tj ET Q q 0 0 0 rg BT 489.23 140.50 Td (Claims ) Tj ET Q q 0 0 0 rg BT 526.02 140.50 Td (for ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 126.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 118.78 126.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.57 126.10 Td (other ) Tj ET Q q 0 0 0 rg BT 163.03 126.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 211.14 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.93 126.10 Td (any ) Tj ET Q q 0 0 0 rg BT 248.06 126.10 Td (sort, ) Tj ET Q q 0 0 0 rg BT 273.85 126.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 326.98 126.10 Td (without ) Tj ET Q q 0 0 0 rg BT 368.45 126.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 422.91 126.10 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 495.02 126.10 Td (damages, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 111.70 Td (punitive ) Tj ET Q q 0 0 0 rg BT 116.01 111.70 Td (damages, ) Tj ET Q q 0 0 0 rg BT 165.67 111.70 Td (injunctive ) Tj ET Q q 0 0 0 rg BT 218.33 111.70 Td (relief ) Tj ET Q q 0 0 0 rg BT 248.32 111.70 Td (and ) Tj ET Q q 0 0 0 rg BT 270.33 111.70 Td (attorney) Tj ET Q q 0 0 0 rg BT 312.98 111.70 Td (s ) Tj ET Q q 0 0 0 rg BT 322.32 111.70 Td (fees. ) Tj ET Q q 0 0 0 rg BT 349.32 111.70 Td ( ) Tj ET Q q 0 0 0 rg BT 354.00 111.70 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 438.67 111.70 Td (the ) Tj ET Q q 0 0 0 rg BT 458.01 111.70 Td (generality ) Tj ET Q q 0 0 0 rg BT 510.67 111.70 Td (of ) Tj ET Q q 0 0 0 rg BT 525.34 111.70 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 97.30 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 123.46 97.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 173.24 97.30 Td (does ) Tj ET Q q 0 0 0 rg BT 197.03 97.30 Td (not ) Tj ET Q q 0 0 0 rg BT 214.17 97.30 Td (release ) Tj ET Q q 0 0 0 rg BT 249.28 97.30 Td (any ) Tj ET Q q 0 0 0 rg BT 268.41 97.30 Td (claims ) Tj ET Q q 0 0 0 rg BT 301.54 97.30 Td (that ) Tj ET Q q 0 0 0 rg BT 321.33 97.30 Td (cannot ) Tj ET Q q 0 0 0 rg BT 355.12 97.30 Td (be ) Tj ET Q q 0 0 0 rg BT 368.25 97.30 Td (released ) Tj ET Q q 0 0 0 rg BT 409.36 97.30 Td (as ) Tj ET Q q 0 0 0 rg BT 421.16 97.30 Td (a ) Tj ET Q q 0 0 0 rg BT 428.29 97.30 Td (matter ) Tj ET Q q 0 0 0 rg BT 460.74 97.30 Td (of ) Tj ET Q q 0 0 0 rg BT 472.54 97.30 Td (law ) Tj ET Q q 0 0 0 rg BT 491.67 97.30 Td (including, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 82.90 Td (without ) Tj ET Q q 0 0 0 rg BT 111.57 82.90 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 164.14 82.90 Td (claims ) Tj ET Q q 0 0 0 rg BT 198.38 82.90 Td (for ) Tj ET Q q 0 0 0 rg BT 215.27 82.90 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 266.84 82.90 Td (under ) Tj ET Q q 0 0 0 rg BT 297.07 82.90 Td (the ) Tj ET Q q 0 0 0 rg BT 314.64 82.90 Td (California ) Tj ET Q q 0 0 0 rg BT 366.19 82.90 Td (Labor ) Tj ET Q q 0 0 0 rg BT 397.75 82.90 Td (Code ) Tj ET Q q 0 0 0 rg BT 425.99 82.90 Td (and ) Tj ET Q q 0 0 0 rg BT 446.22 82.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 497.53 82.90 Td (s ) Tj ET Q q 0 0 0 rg BT 505.11 82.90 Td (right ) Tj ET Q q 0 0 0 rg BT 530.68 82.90 Td (to ) Tj ET Q endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 59.20 Td (4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 711.70 Td (bring ) Tj ET Q q 0 0 0 rg BT 99.62 711.70 Td (to ) Tj ET Q q 0 0 0 rg BT 111.23 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 128.18 711.70 Td (attention ) Tj ET Q q 0 0 0 rg BT 172.45 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 184.73 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 201.68 711.70 Td (Equal ) Tj ET Q q 0 0 0 rg BT 231.96 711.70 Td (Employment ) Tj ET Q q 0 0 0 rg BT 296.23 711.70 Td (Opportunity ) Tj ET Q q 0 0 0 rg BT 357.18 711.70 Td (Commission ) Tj ET Q q 0 0 0 rg BT 420.15 711.70 Td (or ) Tj ET Q q 0 0 0 rg BT 432.43 711.70 Td (California ) Tj ET Q q 0 0 0 rg BT 483.36 711.70 Td (Department ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (of ) Tj ET Q q 0 0 0 rg BT 84.66 697.30 Td (Fair ) Tj ET Q q 0 0 0 rg BT 106.65 697.30 Td (Employment ) Tj ET Q q 0 0 0 rg BT 171.30 697.30 Td (and ) Tj ET Q q 0 0 0 rg BT 191.29 697.30 Td (Housing ) Tj ET Q q 0 0 0 rg BT 234.62 697.30 Td (any ) Tj ET Q q 0 0 0 rg BT 254.60 697.30 Td (claims ) Tj ET Q q 0 0 0 rg BT 288.59 697.30 Td (of ) Tj ET Q q 0 0 0 rg BT 301.24 697.30 Td (discrimination; ) Tj ET Q q 0 0 0 rg BT 376.56 697.30 Td (provided, ) Tj ET Q q 0 0 0 rg BT 424.88 697.30 Td (however) Tj ET Q q 0 0 0 rg BT 465.71 697.30 Td (, ) Tj ET Q q 0 0 0 rg BT 471.37 697.30 Td (that ) Tj ET Q q 0 0 0 rg BT 492.02 697.30 Td (Executive ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 682.90 Td (does ) Tj ET Q q 0 0 0 rg BT 97.00 682.90 Td (release ) Tj ET Q q 0 0 0 rg BT 133.30 682.90 Td (his ) Tj ET Q q 0 0 0 rg BT 150.30 682.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 180.64 682.90 Td (to ) Tj ET Q q 0 0 0 rg BT 192.97 682.90 Td (secure ) Tj ET Q q 0 0 0 rg BT 226.62 682.90 Td (damages ) Tj ET Q q 0 0 0 rg BT 271.60 682.90 Td (for ) Tj ET Q q 0 0 0 rg BT 288.59 682.90 Td (any ) Tj ET Q q 0 0 0 rg BT 308.92 682.90 Td (alleged ) Tj ET Q q 0 0 0 rg BT 346.56 682.90 Td (discriminatory ) Tj ET Q q 0 0 0 rg BT 419.55 682.90 Td (treatment.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 656.50 Td (\(b\) ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 654.900390625 m 274.189453125 654.900390625 l s q 0 0 0 rg BT 180.00 656.50 Td (Company) Tj ET Q q 0 0 0 rg BT 230.00 656.50 Td (s ) Tj ET Q q 0 0 0 rg BT 236.88 656.50 Td (Release) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 274.19 656.50 Td (: ) Tj ET Q q 0 0 0 rg BT 279.73 656.50 Td (In ) Tj ET Q q 0 0 0 rg BT 291.94 656.50 Td (consideration ) Tj ET Q q 0 0 0 rg BT 358.79 656.50 Td (of ) Tj ET Q q 0 0 0 rg BT 371.00 656.50 Td (the ) Tj ET Q q 0 0 0 rg BT 387.87 656.50 Td (promises ) Tj ET Q q 0 0 0 rg BT 433.41 656.50 Td (contained ) Tj ET Q q 0 0 0 rg BT 482.26 656.50 Td (in ) Tj ET Q q 0 0 0 rg BT 493.80 656.50 Td (and ) Tj ET Q q 0 0 0 rg BT 513.34 656.50 Td (terms ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 642.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.67 642.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 150.02 642.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.36 642.10 Td (this ) Tj ET Q q 0 0 0 rg BT 186.86 642.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 248.51 642.10 Td (except ) Tj ET Q q 0 0 0 rg BT 285.17 642.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.50 642.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 363.18 642.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 401.18 642.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.85 642.10 Td (this ) Tj ET Q q 0 0 0 rg BT 451.35 642.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 510.00 642.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.34 642.10 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 627.70 Td (Confidential ) Tj ET Q q 0 0 0 rg BT 133.52 627.70 Td (Information ) Tj ET Q q 0 0 0 rg BT 192.03 627.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 246.86 627.70 Td (\(as ) Tj ET Q q 0 0 0 rg BT 262.39 627.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 299.90 627.70 Td (below\), ) Tj ET Q q 0 0 0 rg BT 337.75 627.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.94 627.70 Td (releases ) Tj ET Q q 0 0 0 rg BT 425.45 627.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 474.95 627.70 Td (and ) Tj ET Q q 0 0 0 rg BT 493.81 627.70 Td (his ) Tj ET Q q 0 0 0 rg BT 509.34 627.70 Td (agents ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 613.30 Td (\("Executive ) Tj ET Q q 0 0 0 rg BT 133.70 613.30 Td (Released ) Tj ET Q q 0 0 0 rg BT 181.83 613.30 Td (Parties"\) ) Tj ET Q q 0 0 0 rg BT 228.22 613.30 Td (of ) Tj ET Q q 0 0 0 rg BT 243.04 613.30 Td (and ) Tj ET Q q 0 0 0 rg BT 265.19 613.30 Td (against ) Tj ET Q q 0 0 0 rg BT 304.00 613.30 Td (all ) Tj ET Q q 0 0 0 rg BT 320.82 613.30 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 373.31 613.30 Td (claims, ) Tj ET Q q 0 0 0 rg BT 412.46 613.30 Td (causes ) Tj ET Q q 0 0 0 rg BT 448.60 613.30 Td (of ) Tj ET Q q 0 0 0 rg BT 463.43 613.30 Td (action, ) Tj ET Q q 0 0 0 rg BT 500.57 613.30 Td (char) Tj ET Q q 0 0 0 rg BT 521.00 613.30 Td (ges, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 598.90 Td (complaints, ) Tj ET Q q 0 0 0 rg BT 135.62 598.90 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 199.91 598.90 Td (costs, ) Tj ET Q q 0 0 0 rg BT 234.87 598.90 Td (losses, ) Tj ET Q q 0 0 0 rg BT 274.50 598.90 Td (damages, ) Tj ET Q q 0 0 0 rg BT 327.44 598.90 Td (injuries, ) Tj ET Q q 0 0 0 rg BT 374.39 598.90 Td (attorneys' ) Tj ET Q q 0 0 0 rg BT 428.50 598.90 Td (fees, ) Tj ET Q q 0 0 0 rg BT 458.78 598.90 Td (and ) Tj ET Q q 0 0 0 rg BT 484.06 598.90 Td (other ) Tj ET Q q 0 0 0 rg BT 516.68 598.90 Td (legal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 584.50 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 147.01 584.50 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 209.33 584.50 Td (referred ) Tj ET Q q 0 0 0 rg BT 249.64 584.50 Td (to ) Tj ET Q q 0 0 0 rg BT 261.32 584.50 Td (as ) Tj ET Q q 0 0 0 rg BT 273.66 584.50 Td ("claims"\), ) Tj ET Q q 0 0 0 rg BT 324.12 584.50 Td (of ) Tj ET Q q 0 0 0 rg BT 336.47 584.50 Td (any ) Tj ET Q q 0 0 0 rg BT 356.14 584.50 Td (form ) Tj ET Q q 0 0 0 rg BT 381.81 584.50 Td (whatsoever) Tj ET Q q 0 0 0 rg BT 435.98 584.50 Td (, ) Tj ET Q q 0 0 0 rg BT 441.32 584.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 480.32 584.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 495.00 584.50 Td (or ) Tj ET Q q 0 0 0 rg BT 507.34 584.50 Td (arising ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 570.10 Td (out ) Tj ET Q q 0 0 0 rg BT 93.89 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.44 570.10 Td (Executive) Tj ET Q q 0 0 0 rg BT 161.75 570.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.97 570.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 239.51 570.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 302.72 570.10 Td (with ) Tj ET Q q 0 0 0 rg BT 330.61 570.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.82 570.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 421.03 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.25 570.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 504.12 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.67 570.10 Td (said ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 555.70 Td (employment, ) Tj ET Q q 0 0 0 rg BT 137.50 555.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 178.66 555.70 Td (known ) Tj ET Q q 0 0 0 rg BT 213.84 555.70 Td (or ) Tj ET Q q 0 0 0 rg BT 226.35 555.70 Td (unknown, ) Tj ET Q q 0 0 0 rg BT 276.53 555.70 Td (unforeseen, ) Tj ET Q q 0 0 0 rg BT 334.68 555.70 Td (unanticipated, ) Tj ET Q q 0 0 0 rg BT 404.83 555.70 Td (unsuspected ) Tj ET Q q 0 0 0 rg BT 466.00 555.70 Td (or ) Tj ET Q q 0 0 0 rg BT 478.50 555.70 Td (latent, ) Tj ET Q q 0 0 0 rg BT 510.67 555.70 Td (which ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 541.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.06 541.30 Td (or ) Tj ET Q q 0 0 0 rg BT 135.46 541.30 Td (its ) Tj ET Q q 0 0 0 rg BT 150.19 541.30 Td (successors ) Tj ET Q q 0 0 0 rg BT 204.25 541.30 Td (in ) Tj ET Q q 0 0 0 rg BT 216.98 541.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 255.70 541.30 Td (now ) Tj ET Q q 0 0 0 rg BT 279.76 541.30 Td (own ) Tj ET Q q 0 0 0 rg BT 303.83 541.30 Td (or ) Tj ET Q q 0 0 0 rg BT 317.22 541.30 Td (hold, ) Tj ET Q q 0 0 0 rg BT 344.95 541.30 Td (or ) Tj ET Q q 0 0 0 rg BT 358.35 541.30 Td (have ) Tj ET Q q 0 0 0 rg BT 384.40 541.30 Td (at ) Tj ET Q q 0 0 0 rg BT 396.46 541.30 Td (any ) Tj ET Q q 0 0 0 rg BT 417.18 541.30 Td (time ) Tj ET Q q 0 0 0 rg BT 441.91 541.30 Td (heretofore ) Tj ET Q q 0 0 0 rg BT 494.61 541.30 Td (owned ) Tj ET Q q 0 0 0 rg BT 530.00 541.30 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 526.90 Td (held, ) Tj ET Q q 0 0 0 rg BT 99.79 526.90 Td (or ) Tj ET Q q 0 0 0 rg BT 113.92 526.90 Td (may ) Tj ET Q q 0 0 0 rg BT 138.70 526.90 Td (at ) Tj ET Q q 0 0 0 rg BT 151.49 526.90 Td (any ) Tj ET Q q 0 0 0 rg BT 172.95 526.90 Td (time ) Tj ET Q q 0 0 0 rg BT 198.41 526.90 Td (own ) Tj ET Q q 0 0 0 rg BT 223.20 526.90 Td (or ) Tj ET Q q 0 0 0 rg BT 237.33 526.90 Td (hold ) Tj ET Q q 0 0 0 rg BT 262.79 526.90 Td (by ) Tj ET Q q 0 0 0 rg BT 278.92 526.90 Td (reason ) Tj ET Q q 0 0 0 rg BT 314.37 526.90 Td (of ) Tj ET Q q 0 0 0 rg BT 328.49 526.90 Td (any ) Tj ET Q q 0 0 0 rg BT 349.95 526.90 Td (matter ) Tj ET Q q 0 0 0 rg BT 384.73 526.90 Td (or ) Tj ET Q q 0 0 0 rg BT 398.85 526.90 Td (thing ) Tj ET Q q 0 0 0 rg BT 427.65 526.90 Td (arising ) Tj ET Q q 0 0 0 rg BT 464.44 526.90 Td (from ) Tj ET Q q 0 0 0 rg BT 491.90 526.90 Td (any ) Tj ET Q q 0 0 0 rg BT 513.35 526.90 Td (cause ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 512.50 Td (whatsoever ) Tj ET Q q 0 0 0 rg BT 129.52 512.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 155.72 512.50 Td (to ) Tj ET Q q 0 0 0 rg BT 167.93 512.50 Td (the ) Tj ET Q q 0 0 0 rg BT 185.46 512.50 Td (date ) Tj ET Q q 0 0 0 rg BT 208.32 512.50 Td (of ) Tj ET Q q 0 0 0 rg BT 221.19 512.50 Td (execution ) Tj ET Q q 0 0 0 rg BT 270.71 512.50 Td (of ) Tj ET Q q 0 0 0 rg BT 283.58 512.50 Td (this ) Tj ET Q q 0 0 0 rg BT 303.79 512.50 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 361.00 512.50 Td (and ) Tj ET Q q 0 0 0 rg BT 381.20 512.50 Td (without ) Tj ET Q q 0 0 0 rg BT 420.74 512.50 Td (limiting ) Tj ET Q q 0 0 0 rg BT 461.62 512.50 Td (the ) Tj ET Q q 0 0 0 rg BT 479.15 512.50 Td (generality ) Tj ET Q q 0 0 0 rg BT 530.00 512.50 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.29 498.10 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 141.58 498.10 Td (from ) Tj ET Q q 0 0 0 rg BT 167.54 498.10 Td (all ) Tj ET Q q 0 0 0 rg BT 182.17 498.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 219.13 498.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 264.42 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.38 498.10 Td (causes ) Tj ET Q q 0 0 0 rg BT 318.33 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.96 498.10 Td (action ) Tj ET Q q 0 0 0 rg BT 362.91 498.10 Td (based ) Tj ET Q q 0 0 0 rg BT 392.87 498.10 Td (upon, ) Tj ET Q q 0 0 0 rg BT 422.50 498.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 461.79 498.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 476.75 498.10 Td (or ) Tj ET Q q 0 0 0 rg BT 489.38 498.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 524.68 498.10 Td (out ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 483.70 Td (of ) Tj ET Q q 0 0 0 rg BT 84.22 483.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 135.53 483.70 Td (s ) Tj ET Q q 0 0 0 rg BT 142.42 483.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 204.63 483.70 Td (relationship ) Tj ET Q q 0 0 0 rg BT 263.51 483.70 Td (with ) Tj ET Q q 0 0 0 rg BT 287.06 483.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 335.95 483.70 Td (and/or ) Tj ET Q q 0 0 0 rg BT 368.83 483.70 Td (the ) Tj ET Q q 0 0 0 rg BT 385.71 483.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 443.25 483.70 Td (of ) Tj ET Q q 0 0 0 rg BT 455.47 483.70 Td (said ) Tj ET Q q 0 0 0 rg BT 477.02 483.70 Td (employment, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 469.30 Td (including ) Tj ET Q q 0 0 0 rg BT 123.97 469.30 Td (claims ) Tj ET Q q 0 0 0 rg BT 161.94 469.30 Td (asserted ) Tj ET Q q 0 0 0 rg BT 207.23 469.30 Td (by ) Tj ET Q q 0 0 0 rg BT 225.88 469.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 279.19 469.30 Td (employees, ) Tj ET Q q 0 0 0 rg BT 340.15 469.30 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 387.79 469.30 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 450.74 469.30 Td (etc., ) Tj ET Q q 0 0 0 rg BT 477.37 469.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 516.67 469.30 Td (from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 454.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 123.31 454.90 Td (s ) Tj ET Q q 0 0 0 rg BT 131.14 454.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 194.29 454.90 Td (with ) Tj ET Q q 0 0 0 rg BT 218.79 454.90 Td (Company) Tj ET Q q 0 0 0 rg BT 264.68 454.90 Td (. ) Tj ET Q q 0 0 0 rg BT 270.84 454.90 Td ( ) Tj ET Q q 0 0 0 rg BT 273.77 454.90 Td (This ) Tj ET Q q 0 0 0 rg BT 298.27 454.90 Td (Release ) Tj ET Q q 0 0 0 rg BT 338.74 454.90 Td (does ) Tj ET Q q 0 0 0 rg BT 363.90 454.90 Td (not ) Tj ET Q q 0 0 0 rg BT 382.40 454.90 Td (extend ) Tj ET Q q 0 0 0 rg BT 417.55 454.90 Td (to ) Tj ET Q q 0 0 0 rg BT 430.04 454.90 Td (those ) Tj ET Q q 0 0 0 rg BT 458.54 454.90 Td (rights ) Tj ET Q q 0 0 0 rg BT 489.03 454.90 Td (which ) Tj ET Q q 0 0 0 rg BT 521.52 454.90 Td (as ) Tj ET Q q 0 0 0 rg BT 534.68 454.90 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 440.50 Td (matter ) Tj ET Q q 0 0 0 rg BT 105.65 440.50 Td (of ) Tj ET Q q 0 0 0 rg BT 118.65 440.50 Td (law ) Tj ET Q q 0 0 0 rg BT 138.97 440.50 Td (cannot ) Tj ET Q q 0 0 0 rg BT 173.96 440.50 Td (be ) Tj ET Q q 0 0 0 rg BT 188.29 440.50 Td (waived. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 414.10 Td (\(c\) ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 180.00 414.10 Td (In ) Tj ET Q q 0 0 0 rg BT 191.79 414.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 247.54 414.10 Td (with ) Tj ET Q q 0 0 0 rg BT 270.67 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.12 414.10 Td (Older ) Tj ET Q q 0 0 0 rg BT 316.11 414.10 Td (W) Tj ET Q q 0 0 0 rg BT 326.47 414.10 Td (orkers ) Tj ET Q q 0 0 0 rg BT 358.26 414.10 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 395.37 414.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 446.09 414.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 465.21 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.00 414.10 Td (1990, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 399.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 122.98 399.70 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 193.95 399.70 Td (that ) Tj ET Q q 0 0 0 rg BT 214.95 399.70 Td (he ) Tj ET Q q 0 0 0 rg BT 229.27 399.70 Td (is ) Tj ET Q q 0 0 0 rg BT 240.28 399.70 Td (aware ) Tj ET Q q 0 0 0 rg BT 271.92 399.70 Td (of ) Tj ET Q q 0 0 0 rg BT 284.91 399.70 Td (the ) Tj ET Q q 0 0 0 rg BT 302.57 399.70 Td (following:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 373.30 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 144.00 373.30 Td (This ) Tj ET Q q 0 0 0 rg BT 171.03 373.30 Td (paragraph, ) Tj ET Q q 0 0 0 rg BT 227.71 373.30 Td (and ) Tj ET Q q 0 0 0 rg BT 250.73 373.30 Td (this ) Tj ET Q q 0 0 0 rg BT 272.51 373.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 331.52 373.30 Td (are ) Tj ET Q q 0 0 0 rg BT 351.87 373.30 Td (written ) Tj ET Q q 0 0 0 rg BT 391.56 373.30 Td (in ) Tj ET Q q 0 0 0 rg BT 406.60 373.30 Td (a ) Tj ET Q q 0 0 0 rg BT 417.62 373.30 Td (manner ) Tj ET Q q 0 0 0 rg BT 459.31 373.30 Td (calculated ) Tj ET Q q 0 0 0 rg BT 513.64 373.30 Td (to ) Tj ET Q q 0 0 0 rg BT 528.68 373.30 Td (be ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 358.90 Td (understood ) Tj ET Q q 0 0 0 rg BT 164.33 358.90 Td (by ) Tj ET Q q 0 0 0 rg BT 179.33 358.90 Td (Executive.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 344.50 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 144.00 344.50 Td (The ) Tj ET Q q 0 0 0 rg BT 165.00 344.50 Td (waiver ) Tj ET Q q 0 0 0 rg BT 200.00 344.50 Td (and ) Tj ET Q q 0 0 0 rg BT 219.67 344.50 Td (release ) Tj ET Q q 0 0 0 rg BT 255.32 344.50 Td (of ) Tj ET Q q 0 0 0 rg BT 267.67 344.50 Td (claims ) Tj ET Q q 0 0 0 rg BT 301.34 344.50 Td (under ) Tj ET Q q 0 0 0 rg BT 331.00 344.50 Td (the ) Tj ET Q q 0 0 0 rg BT 347.49 344.50 Td (ADEA) Tj ET Q q 0 0 0 rg BT 380.16 344.50 Td ( ) Tj ET Q q 0 0 0 rg BT 382.51 344.50 Td (contained ) Tj ET Q q 0 0 0 rg BT 431.50 344.50 Td (in ) Tj ET Q q 0 0 0 rg BT 443.18 344.50 Td (this ) Tj ET Q q 0 0 0 rg BT 462.35 344.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 518.00 344.50 Td (does ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 330.10 Td (not ) Tj ET Q q 0 0 0 rg BT 128.14 330.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 159.60 330.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 191.74 330.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.54 330.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 242.67 330.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.48 330.10 Td (may ) Tj ET Q q 0 0 0 rg BT 290.94 330.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 318.40 330.10 Td (after ) Tj ET Q q 0 0 0 rg BT 345.19 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.66 330.10 Td (date ) Tj ET Q q 0 0 0 rg BT 389.45 330.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.26 330.10 Td (which ) Tj ET Q q 0 0 0 rg BT 440.39 330.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 493.18 330.10 Td (signs ) Tj ET Q q 0 0 0 rg BT 522.66 330.10 Td (this ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 315.70 Td (Agreement.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 301.30 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 144.00 301.30 Td (This ) Tj ET Q q 0 0 0 rg BT 167.10 301.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 222.69 301.30 Td (provides ) Tj ET Q q 0 0 0 rg BT 266.28 301.30 Td (for ) Tj ET Q q 0 0 0 rg BT 282.55 301.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 349.47 301.30 Td (in ) Tj ET Q q 0 0 0 rg BT 361.07 301.30 Td (addition ) Tj ET Q q 0 0 0 rg BT 402.67 301.30 Td (to ) Tj ET Q q 0 0 0 rg BT 414.28 301.30 Td (anything ) Tj ET Q q 0 0 0 rg BT 458.54 301.30 Td (of ) Tj ET Q q 0 0 0 rg BT 470.81 301.30 Td (value ) Tj ET Q q 0 0 0 rg BT 499.07 301.30 Td (to ) Tj ET Q q 0 0 0 rg BT 510.68 301.30 Td (which ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 286.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 160.76 286.90 Td (is ) Tj ET Q q 0 0 0 rg BT 173.55 286.90 Td (already ) Tj ET Q q 0 0 0 rg BT 213.65 286.90 Td (entitled ) Tj ET Q q 0 0 0 rg BT 254.42 286.90 Td (including, ) Tj ET Q q 0 0 0 rg BT 307.53 286.90 Td (but ) Tj ET Q q 0 0 0 rg BT 327.65 286.90 Td (not ) Tj ET Q q 0 0 0 rg BT 347.77 286.90 Td (limited ) Tj ET Q q 0 0 0 rg BT 386.55 286.90 Td (to, ) Tj ET Q q 0 0 0 rg BT 403.67 286.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 455.78 286.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 520.55 286.90 Td (in ) Tj ET Q q 0 0 0 rg BT 534.67 286.90 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 272.50 Td (reduced ) Tj ET Q q 0 0 0 rg BT 148.97 272.50 Td (role ) Tj ET Q q 0 0 0 rg BT 170.63 272.50 Td (during ) Tj ET Q q 0 0 0 rg BT 204.96 272.50 Td (the ) Tj ET Q q 0 0 0 rg BT 222.40 272.50 Td (T) Tj ET Q q 0 0 0 rg BT 228.90 272.50 Td (erm, ) Tj ET Q q 0 0 0 rg BT 253.55 272.50 Td (and ) Tj ET Q q 0 0 0 rg BT 273.88 272.50 Td (continued ) Tj ET Q q 0 0 0 rg BT 324.20 272.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 357.19 272.50 Td (vesting ) Tj ET Q q 0 0 0 rg BT 394.86 272.50 Td (during ) Tj ET Q q 0 0 0 rg BT 429.19 272.50 Td (the ) Tj ET Q q 0 0 0 rg BT 446.63 272.50 Td (T) Tj ET Q q 0 0 0 rg BT 453.12 272.50 Td (erm.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 258.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 144.00 258.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 194.98 258.10 Td (has ) Tj ET Q q 0 0 0 rg BT 213.97 258.10 Td (been ) Tj ET Q q 0 0 0 rg BT 239.63 258.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 279.28 258.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.62 258.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 329.28 258.10 Td (an ) Tj ET Q q 0 0 0 rg BT 343.61 258.10 Td (attorney ) Tj ET Q q 0 0 0 rg BT 385.92 258.10 Td (before ) Tj ET Q q 0 0 0 rg BT 419.57 258.10 Td (signing ) Tj ET Q q 0 0 0 rg BT 457.90 258.10 Td (this ) Tj ET Q q 0 0 0 rg BT 477.58 258.10 Td (Agreement.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 243.70 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 144.00 243.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 195.99 243.70 Td (has ) Tj ET Q q 0 0 0 rg BT 216.00 243.70 Td (been ) Tj ET Q q 0 0 0 rg BT 242.66 243.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 282.66 243.70 Td (twenty-one ) Tj ET Q q 0 0 0 rg BT 340.65 243.70 Td (\(21\) ) Tj ET Q q 0 0 0 rg BT 364.66 243.70 Td (days ) Tj ET Q q 0 0 0 rg BT 390.66 243.70 Td (after ) Tj ET Q q 0 0 0 rg BT 416.65 243.70 Td (being ) Tj ET Q q 0 0 0 rg BT 447.33 243.70 Td (presented ) Tj ET Q q 0 0 0 rg BT 497.32 243.70 Td (with ) Tj ET Q q 0 0 0 rg BT 522.66 243.70 Td (this ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 229.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 164.02 229.30 Td (to ) Tj ET Q q 0 0 0 rg BT 176.07 229.30 Td (decide ) Tj ET Q q 0 0 0 rg BT 210.09 229.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 251.46 229.30 Td (or ) Tj ET Q q 0 0 0 rg BT 264.16 229.30 Td (not ) Tj ET Q q 0 0 0 rg BT 282.21 229.30 Td (to ) Tj ET Q q 0 0 0 rg BT 294.26 229.30 Td (sign ) Tj ET Q q 0 0 0 rg BT 316.97 229.30 Td (this ) Tj ET Q q 0 0 0 rg BT 336.43 229.30 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 395.45 229.30 Td ( ) Tj ET Q q 0 0 0 rg BT 398.16 229.30 Td (By ) Tj ET Q q 0 0 0 rg BT 414.88 229.30 Td (executing ) Tj ET Q q 0 0 0 rg BT 464.24 229.30 Td (this ) Tj ET Q q 0 0 0 rg BT 483.69 229.30 Td (Agreement, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 214.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 157.75 214.90 Td (does ) Tj ET Q q 0 0 0 rg BT 181.51 214.90 Td (so ) Tj ET Q q 0 0 0 rg BT 193.96 214.90 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 248.38 214.90 Td (and ) Tj ET Q q 0 0 0 rg BT 267.48 214.90 Td (with ) Tj ET Q q 0 0 0 rg BT 290.59 214.90 Td (the ) Tj ET Q q 0 0 0 rg BT 307.02 214.90 Td (advice ) Tj ET Q q 0 0 0 rg BT 340.10 214.90 Td (of ) Tj ET Q q 0 0 0 rg BT 351.87 214.90 Td (counsel ) Tj ET Q q 0 0 0 rg BT 390.30 214.90 Td (after ) Tj ET Q q 0 0 0 rg BT 414.05 214.90 Td (having ) Tj ET Q q 0 0 0 rg BT 448.48 214.90 Td (had ) Tj ET Q q 0 0 0 rg BT 467.57 214.90 Td (the ) Tj ET Q q 0 0 0 rg BT 484.00 214.90 Td (opportunity ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 200.50 Td (to ) Tj ET Q q 0 0 0 rg BT 120.22 200.50 Td (consult ) Tj ET Q q 0 0 0 rg BT 157.77 200.50 Td (with ) Tj ET Q q 0 0 0 rg BT 181.98 200.50 Td (an ) Tj ET Q q 0 0 0 rg BT 196.20 200.50 Td (attorney) Tj ET Q q 0 0 0 rg BT 234.73 200.50 Td (, ) Tj ET Q q 0 0 0 rg BT 240.62 200.50 Td (and ) Tj ET Q q 0 0 0 rg BT 260.83 200.50 Td (hereby ) Tj ET Q q 0 0 0 rg BT 296.36 200.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 347.22 200.50 Td (agrees ) Tj ET Q q 0 0 0 rg BT 380.75 200.50 Td (that ) Tj ET Q q 0 0 0 rg BT 401.63 200.50 Td (she ) Tj ET Q q 0 0 0 rg BT 420.51 200.50 Td (has ) Tj ET Q q 0 0 0 rg BT 439.39 200.50 Td (been ) Tj ET Q q 0 0 0 rg BT 464.93 200.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 510.47 200.50 Td (with ) Tj ET Q q 0 0 0 rg BT 534.68 200.50 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 186.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 162.30 186.10 Td (time ) Tj ET Q q 0 0 0 rg BT 186.63 186.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.97 186.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 242.62 186.10 Td (signing ) Tj ET Q q 0 0 0 rg BT 280.96 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.96 186.10 Td (Agreement.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 171.70 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 144.00 171.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 193.94 171.70 Td (has ) Tj ET Q q 0 0 0 rg BT 211.90 171.70 Td (the ) Tj ET Q q 0 0 0 rg BT 228.52 171.70 Td (right ) Tj ET Q q 0 0 0 rg BT 253.14 171.70 Td (to ) Tj ET Q q 0 0 0 rg BT 264.44 171.70 Td (revoke ) Tj ET Q q 0 0 0 rg BT 299.05 171.70 Td (this ) Tj ET Q q 0 0 0 rg BT 318.35 171.70 Td (general ) Tj ET Q q 0 0 0 rg BT 355.62 171.70 Td (release ) Tj ET Q q 0 0 0 rg BT 390.88 171.70 Td (within ) Tj ET Q q 0 0 0 rg BT 423.51 171.70 Td (seven ) Tj ET Q q 0 0 0 rg BT 452.80 171.70 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 468.75 171.70 Td (days ) Tj ET Q q 0 0 0 rg BT 492.71 171.70 Td (of ) Tj ET Q q 0 0 0 rg BT 504.67 171.70 Td (signing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 157.30 Td (this ) Tj ET Q q 0 0 0 rg BT 128.16 157.30 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 188.10 157.30 Td ( ) Tj ET Q q 0 0 0 rg BT 191.73 157.30 Td (In ) Tj ET Q q 0 0 0 rg BT 205.35 157.30 Td (the ) Tj ET Q q 0 0 0 rg BT 223.64 157.30 Td (event ) Tj ET Q q 0 0 0 rg BT 253.25 157.30 Td (this ) Tj ET Q q 0 0 0 rg BT 274.22 157.30 Td (general ) Tj ET Q q 0 0 0 rg BT 313.15 157.30 Td (release ) Tj ET Q q 0 0 0 rg BT 350.08 157.30 Td (is ) Tj ET Q q 0 0 0 rg BT 361.71 157.30 Td (revoked, ) Tj ET Q q 0 0 0 rg BT 406.99 157.30 Td (this ) Tj ET Q q 0 0 0 rg BT 427.15 157.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 484.09 157.30 Td (will ) Tj ET Q q 0 0 0 rg BT 506.38 157.30 Td (be ) Tj ET Q q 0 0 0 rg BT 521.34 157.30 Td (null ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 142.90 Td (and ) Tj ET Q q 0 0 0 rg BT 128.46 142.90 Td (void ) Tj ET Q q 0 0 0 rg BT 152.92 142.90 Td (in ) Tj ET Q q 0 0 0 rg BT 165.38 142.90 Td (its ) Tj ET Q q 0 0 0 rg BT 179.85 142.90 Td (entirety) Tj ET Q q 0 0 0 rg BT 215.72 142.90 Td (, ) Tj ET Q q 0 0 0 rg BT 221.85 142.90 Td (and ) Tj ET Q q 0 0 0 rg BT 242.30 142.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 293.41 142.90 Td (will ) Tj ET Q q 0 0 0 rg BT 315.21 142.90 Td (not ) Tj ET Q q 0 0 0 rg BT 333.67 142.90 Td (receive ) Tj ET Q q 0 0 0 rg BT 371.43 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 389.22 142.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 430.34 142.90 Td (of ) Tj ET Q q 0 0 0 rg BT 443.46 142.90 Td (this ) Tj ET Q q 0 0 0 rg BT 463.24 142.90 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 522.67 142.90 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 128.50 Td (may ) Tj ET Q q 0 0 0 rg BT 133.68 128.50 Td (be ) Tj ET Q q 0 0 0 rg BT 150.02 128.50 Td (terminated ) Tj ET Q q 0 0 0 rg BT 206.35 128.50 Td (by ) Tj ET Q q 0 0 0 rg BT 223.37 128.50 Td (the ) Tj ET Q q 0 0 0 rg BT 243.04 128.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.72 128.50 Td (immediately) Tj ET Q q 0 0 0 rg BT 353.93 128.50 Td (. ) Tj ET Q q 0 0 0 rg BT 361.94 128.50 Td ( ) Tj ET Q q 0 0 0 rg BT 366.96 128.50 Td (If ) Tj ET Q q 0 0 0 rg BT 379.97 128.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 432.96 128.50 Td (wishes ) Tj ET Q q 0 0 0 rg BT 470.65 128.50 Td (to ) Tj ET Q q 0 0 0 rg BT 485.00 128.50 Td (revoke ) Tj ET Q q 0 0 0 rg BT 522.66 128.50 Td (this ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 114.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 162.52 114.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 212.04 114.10 Td (must ) Tj ET Q q 0 0 0 rg BT 236.93 114.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 271.79 114.10 Td (written ) Tj ET Q q 0 0 0 rg BT 307.33 114.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 338.20 114.10 Td (stating ) Tj ET Q q 0 0 0 rg BT 371.75 114.10 Td (that ) Tj ET Q q 0 0 0 rg BT 391.29 114.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 420.17 114.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.05 114.10 Td (revoke ) Tj ET Q q 0 0 0 rg BT 465.24 114.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.13 114.10 Td (Brian ) Tj ET Q q 0 0 0 rg BT 504.34 114.10 Td (Brown, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 108.00 99.70 Td (Sr) Tj ET Q q 0 0 0 rg BT 118.01 99.70 Td (. ) Tj ET Q q 0 0 0 rg BT 124.26 99.70 Td (V) Tj ET Q q 0 0 0 rg BT 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(general ) Tj ET Q q 0 0 0 rg BT 506.71 567.70 Td (release ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 85.00 553.30 Td (claims. ) Tj ET Q q 0 0 0 rg BT 122.32 553.30 Td (that ) Tj ET Q q 0 0 0 rg BT 143.31 553.30 Td (it ) Tj ET Q q 0 0 0 rg BT 152.98 553.30 Td (may ) Tj ET Q q 0 0 0 rg BT 176.64 553.30 Td (lawfully ) Tj ET Q q 0 0 0 rg BT 219.63 553.30 Td (waive ) Tj ET Q q 0 0 0 rg BT 251.29 553.30 Td (such ) Tj ET Q q 0 0 0 rg BT 276.28 553.30 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.62 553.30 Td (with ) Tj ET Q q 0 0 0 rg BT 330.95 553.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 367.93 553.30 Td (to ) Tj ET Q q 0 0 0 rg BT 380.26 553.30 Td (this ) Tj ET Q q 0 0 0 rg BT 400.60 553.30 Td (general ) Tj ET Q q 0 0 0 rg BT 438.91 553.30 Td (release ) Tj ET Q q 0 0 0 rg BT 475.21 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 488.21 553.30 Td (claims.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 524.50 Td (\(e\) ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 180.00 524.50 Td (Nothing ) Tj ET Q q 0 0 0 rg BT 222.62 524.50 Td (contained ) Tj ET Q q 0 0 0 rg BT 272.56 524.50 Td (in ) Tj ET Q q 0 0 0 rg BT 285.18 524.50 Td (this ) Tj ET Q q 0 0 0 rg BT 305.09 524.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 361.69 524.50 Td (is ) Tj ET Q q 0 0 0 rg BT 372.98 524.50 Td (intended ) Tj ET Q q 0 0 0 rg BT 417.59 524.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 433.21 524.50 Td (or ) Tj ET Q q 0 0 0 rg BT 446.50 524.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 472.45 524.50 Td (be ) Tj ET Q q 0 0 0 rg BT 487.07 524.50 Td (deemed ) Tj ET Q q 0 0 0 rg BT 527.67 524.50 Td (to, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 510.10 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 114.67 510.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.35 510.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 167.34 510.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 219.99 510.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.67 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.00 510.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 305.34 510.10 Td (from ) Tj ET Q q 0 0 0 rg BT 333.35 510.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 384.69 510.10 Td (truthful ) Tj ET Q q 0 0 0 rg BT 425.36 510.10 Td (information ) Tj ET Q q 0 0 0 rg BT 486.69 510.10 Td (concerning ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 495.70 Td (Executive) Tj ET Q q 0 0 0 rg BT 123.31 495.70 Td (s ) Tj ET Q q 0 0 0 rg BT 131.84 495.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 195.69 495.70 Td (or ) Tj ET Q q 0 0 0 rg BT 209.54 495.70 Td (the ) Tj ET Q q 0 0 0 rg BT 228.06 495.70 Td (Company) Tj ET Q q 0 0 0 rg BT 278.06 495.70 Td (s ) Tj ET Q q 0 0 0 rg BT 286.58 495.70 Td (business ) Tj ET Q q 0 0 0 rg BT 331.11 495.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 378.29 495.70 Td (to ) Tj ET Q q 0 0 0 rg BT 391.48 495.70 Td (any ) Tj ET Q q 0 0 0 rg BT 412.67 495.70 Td (government, ) Tj ET Q q 0 0 0 rg BT 476.84 495.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 530.01 495.70 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 481.30 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 144.38 481.30 Td (agency) Tj ET Q q 0 0 0 rg BT 177.58 481.30 Td (. ) Tj ET Q q 0 0 0 rg BT 182.32 481.30 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 247.05 481.30 Td (nothing ) Tj ET Q q 0 0 0 rg BT 285.46 481.30 Td (within ) Tj ET Q q 0 0 0 rg BT 317.87 481.30 Td (this ) Tj ET Q q 0 0 0 rg BT 336.95 481.30 Td (or ) Tj ET Q q 0 0 0 rg BT 348.69 481.30 Td (any ) Tj ET Q q 0 0 0 rg BT 367.76 481.30 Td (other ) Tj ET Q q 0 0 0 rg BT 394.16 481.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 445.87 481.30 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 490.28 481.30 Td (or ) Tj ET Q q 0 0 0 rg BT 502.02 481.30 Td (restricts ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 466.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 128.65 466.90 Td (\(or ) Tj ET Q q 0 0 0 rg BT 151.32 466.90 Td (Executive) Tj ET Q q 0 0 0 rg BT 202.63 466.90 Td (s ) Tj ET Q q 0 0 0 rg BT 215.98 466.90 Td (attorney\) ) Tj ET Q q 0 0 0 rg BT 267.97 466.90 Td (or ) Tj ET Q q 0 0 0 rg BT 286.64 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 309.98 466.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.32 466.90 Td (\(or ) Tj ET Q q 0 0 0 rg BT 387.99 466.90 Td (its ) Tj ET Q q 0 0 0 rg BT 408.01 466.90 Td (attorneys\) ) Tj ET Q q 0 0 0 rg BT 464.67 466.90 Td (from ) Tj ET Q q 0 0 0 rg BT 496.67 466.90 Td (initiating ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 452.50 Td (communications ) Tj ET Q q 0 0 0 rg BT 156.05 452.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 197.44 452.50 Td (with, ) Tj ET Q q 0 0 0 rg BT 226.51 452.50 Td (responding ) Tj ET Q q 0 0 0 rg BT 284.57 452.50 Td (to ) Tj ET Q q 0 0 0 rg BT 298.64 452.50 Td (any ) Tj ET Q q 0 0 0 rg BT 320.70 452.50 Td (inquiry ) Tj ET Q q 0 0 0 rg BT 360.10 452.50 Td (from, ) Tj ET Q q 0 0 0 rg BT 391.16 452.50 Td (cooperating ) Tj ET Q q 0 0 0 rg BT 452.54 452.50 Td (with ) Tj ET Q q 0 0 0 rg BT 478.60 452.50 Td (or ) Tj ET Q q 0 0 0 rg BT 493.34 452.50 Td (providing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 438.10 Td (testimony ) Tj ET Q q 0 0 0 rg BT 123.42 438.10 Td (before, ) Tj ET Q q 0 0 0 rg BT 161.15 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.90 438.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 231.31 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.73 438.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 304.12 438.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 368.89 438.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.97 438.10 Td (any ) Tj ET Q q 0 0 0 rg BT 404.39 438.10 Td (other ) Tj ET Q q 0 0 0 rg BT 433.13 438.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 473.53 438.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 502.61 438.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.69 438.10 Td (local ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 423.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 124.31 423.70 Td (authority ) Tj ET Q q 0 0 0 rg BT 170.64 423.70 Td (or ) Tj ET Q q 0 0 0 rg BT 183.63 423.70 Td (agency) Tj ET Q q 0 0 0 rg BT 216.83 423.70 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 394.90 Td (6. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 393.0220703125 m 272.115234375 393.0220703125 l s q 0 0 0 rg BT 144.00 394.90 Td (Miscellaneous ) Tj ET Q q 0 0 0 rg BT 218.99 394.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 231.43 394.90 Td (ovisions) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 272.12 394.90 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 368.50 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.32 368.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 366.900390625 m 314.96484375 366.900390625 l s q 0 0 0 rg BT 180.00 368.50 Td (Mutual ) Tj ET Q q 0 0 0 rg BT 217.66 368.50 Td (Non-Disparagement) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 314.96 368.50 Td (. ) Tj ET Q q 0 0 0 rg BT 324.00 368.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 376.77 368.50 Td (has ) Tj ET Q q 0 0 0 rg BT 397.55 368.50 Td (not ) Tj ET Q q 0 0 0 rg BT 417.68 368.50 Td (made ) Tj ET Q q 0 0 0 rg BT 448.46 368.50 Td (any ) Tj ET Q q 0 0 0 rg BT 470.57 368.50 Td (defamatory ) Tj ET Q q 0 0 0 rg BT 530.00 368.50 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 354.10 Td (disparaging ) Tj ET Q q 0 0 0 rg BT 131.48 354.10 Td (comments ) Tj ET Q q 0 0 0 rg BT 184.29 354.10 Td (about ) Tj ET Q q 0 0 0 rg BT 214.44 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.59 354.10 Td (Company) Tj ET Q q 0 0 0 rg BT 278.48 354.10 Td (, ) Tj ET Q q 0 0 0 rg BT 284.97 354.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 304.46 354.10 Td (will ) Tj ET Q q 0 0 0 rg BT 326.61 354.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 378.08 354.10 Td (do ) Tj ET Q q 0 0 0 rg BT 393.57 354.10 Td (so ) Tj ET Q q 0 0 0 rg BT 407.73 354.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.56 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.71 354.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 473.85 354.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.01 354.10 Td (has ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 339.70 Td (not, ) Tj ET Q q 0 0 0 rg BT 92.45 339.70 Td (through ) Tj ET Q q 0 0 0 rg BT 131.89 339.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 184.66 339.70 Td (by) Tj ET Q q 0 0 0 rg BT 195.88 339.70 Td (, ) Tj ET Q q 0 0 0 rg BT 200.99 339.70 Td (or ) Tj ET Q q 0 0 0 rg BT 213.10 339.70 Td (the ) Tj ET Q q 0 0 0 rg BT 229.87 339.70 Td (actions ) Tj ET Q q 0 0 0 rg BT 265.97 339.70 Td (of, ) Tj ET Q q 0 0 0 rg BT 281.08 339.70 Td (any ) Tj ET Q q 0 0 0 rg BT 300.52 339.70 Td (of ) Tj ET Q q 0 0 0 rg BT 312.63 339.70 Td (its ) Tj ET Q q 0 0 0 rg BT 326.08 339.70 Td (of) Tj ET Q q 0 0 0 rg BT 335.86 339.70 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 367.62 339.70 Td (made ) Tj ET Q q 0 0 0 rg BT 395.72 339.70 Td (any ) Tj ET Q q 0 0 0 rg BT 415.15 339.70 Td (defamatory ) Tj ET Q q 0 0 0 rg BT 471.91 339.70 Td (or ) Tj ET Q q 0 0 0 rg BT 484.01 339.70 Td (disparaging ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 325.30 Td (comments ) Tj ET Q q 0 0 0 rg BT 124.32 325.30 Td (about ) Tj ET Q q 0 0 0 rg BT 153.98 325.30 Td (Executive, ) Tj ET Q q 0 0 0 rg BT 207.96 325.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 226.96 325.30 Td (will ) Tj ET Q q 0 0 0 rg BT 248.63 325.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 298.29 325.30 Td (do ) Tj ET Q q 0 0 0 rg BT 313.29 325.30 Td (so ) Tj ET Q q 0 0 0 rg BT 326.96 325.30 Td (in ) Tj ET Q q 0 0 0 rg BT 339.29 325.30 Td (the ) Tj ET Q q 0 0 0 rg BT 356.95 325.30 Td (future.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 296.50 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.99 296.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 294.900390625 m 255.0380859375 294.900390625 l s q 0 0 0 rg BT 180.00 296.50 Td (Governing ) Tj ET Q q 0 0 0 rg BT 234.11 296.50 Td (Law) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 254.65 296.50 Td (. ) Tj ET Q q 0 0 0 rg BT 260.43 296.50 Td ( ) Tj ET Q q 0 0 0 rg BT 263.01 296.50 Td (This ) Tj ET Q q 0 0 0 rg BT 286.52 296.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 342.61 296.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 368.06 296.50 Td (be ) Tj ET Q q 0 0 0 rg BT 382.17 296.50 Td (governed, ) Tj ET Q q 0 0 0 rg BT 432.60 296.50 Td (construed, ) Tj ET Q q 0 0 0 rg BT 485.03 296.50 Td (interpreted, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 282.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 135.56 282.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.02 282.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 203.11 282.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.57 282.10 Td (its ) Tj ET Q q 0 0 0 rg BT 240.04 282.10 Td (express ) Tj ET Q q 0 0 0 rg BT 278.16 282.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 309.96 282.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.41 282.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 378.20 282.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.66 282.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 445.75 282.10 Td (with ) Tj ET Q q 0 0 0 rg BT 469.21 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.00 282.10 Td (substantive ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 267.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 96.98 267.70 Td (of ) Tj ET Q q 0 0 0 rg BT 109.97 267.70 Td (the ) Tj ET Q q 0 0 0 rg BT 127.61 267.70 Td (State ) Tj ET Q q 0 0 0 rg BT 154.59 267.70 Td (of ) Tj ET Q q 0 0 0 rg BT 167.58 267.70 Td (California, ) Tj ET Q q 0 0 0 rg BT 222.21 267.70 Td (without ) Tj ET Q q 0 0 0 rg BT 261.87 267.70 Td (giving ) Tj ET Q q 0 0 0 rg BT 295.52 267.70 Td (ef) Tj ET Q q 0 0 0 rg BT 304.63 267.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 325.60 267.70 Td (to ) Tj ET Q q 0 0 0 rg BT 337.92 267.70 Td (any ) Tj ET Q q 0 0 0 rg BT 358.23 267.70 Td (principles ) Tj ET Q q 0 0 0 rg BT 408.54 267.70 Td (of ) Tj ET Q q 0 0 0 rg BT 421.52 267.70 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 465.83 267.70 Td (of ) Tj ET Q q 0 0 0 rg BT 478.81 267.70 Td (law) Tj ET Q q 0 0 0 rg BT 495.36 267.70 Td (, ) Tj ET Q q 0 0 0 rg BT 501.35 267.70 Td (whether ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 253.30 Td (of ) Tj ET Q q 0 0 0 rg BT 85.63 253.30 Td (the ) Tj ET Q q 0 0 0 rg BT 103.92 253.30 Td (State ) Tj ET Q q 0 0 0 rg BT 131.55 253.30 Td (of ) Tj ET Q q 0 0 0 rg BT 145.18 253.30 Td (California ) Tj ET Q q 0 0 0 rg BT 197.47 253.30 Td (or ) Tj ET Q q 0 0 0 rg BT 211.10 253.30 Td (any ) Tj ET Q q 0 0 0 rg BT 232.06 253.30 Td (other ) Tj ET Q q 0 0 0 rg BT 260.35 253.30 Td (jurisdiction, ) Tj ET Q q 0 0 0 rg BT 321.65 253.30 Td (and ) Tj ET Q q 0 0 0 rg BT 342.61 253.30 Td (where ) Tj ET Q q 0 0 0 rg BT 375.56 253.30 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 431.50 253.30 Td (the ) Tj ET Q q 0 0 0 rg BT 449.79 253.30 Td (laws ) Tj ET Q q 0 0 0 rg BT 475.42 253.30 Td (of ) Tj ET Q q 0 0 0 rg BT 489.05 253.30 Td (the ) Tj ET Q q 0 0 0 rg BT 507.35 253.30 Td (United ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 238.90 Td (States, ) Tj ET Q q 0 0 0 rg BT 106.66 238.90 Td (that ) Tj ET Q q 0 0 0 rg BT 127.66 238.90 Td (would ) Tj ET Q q 0 0 0 rg BT 160.66 238.90 Td (result ) Tj ET Q q 0 0 0 rg BT 190.32 238.90 Td (in ) Tj ET Q q 0 0 0 rg BT 202.65 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 220.31 238.90 Td (application ) Tj ET Q q 0 0 0 rg BT 276.63 238.90 Td (of ) Tj ET Q q 0 0 0 rg BT 289.62 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 307.28 238.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 332.28 238.90 Td (of ) Tj ET Q q 0 0 0 rg BT 345.28 238.90 Td (any ) Tj ET Q q 0 0 0 rg BT 365.60 238.90 Td (other ) Tj ET Q q 0 0 0 rg BT 393.26 238.90 Td (jurisdiction.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 212.50 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.32 212.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 210.900390625 m 217.6083984375 210.900390625 l s q 0 0 0 rg BT 180.00 212.50 Td (V) Tj ET Q q 0 0 0 rg BT 187.34 212.50 Td (alidity) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 217.22 212.50 Td (. ) Tj ET Q q 0 0 0 rg BT 223.63 212.50 Td ( ) Tj ET Q q 0 0 0 rg BT 226.79 212.50 Td (The ) Tj ET Q q 0 0 0 rg BT 248.85 212.50 Td (invalidity ) Tj ET Q q 0 0 0 rg BT 298.26 212.50 Td (or ) Tj ET Q q 0 0 0 rg BT 311.66 212.50 Td (unenforceability ) Tj ET Q q 0 0 0 rg BT 393.71 212.50 Td (of ) Tj ET Q q 0 0 0 rg BT 407.11 212.50 Td (any ) Tj ET Q q 0 0 0 rg BT 427.85 212.50 Td (provision ) Tj ET Q q 0 0 0 rg BT 476.59 212.50 Td (or ) Tj ET Q q 0 0 0 rg BT 489.99 212.50 Td (provisions ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.71 198.10 Td (this ) Tj ET Q q 0 0 0 rg BT 107.72 198.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 165.75 198.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 193.12 198.10 Td (not ) Tj ET Q q 0 0 0 rg BT 213.17 198.10 Td (af) Tj ET Q q 0 0 0 rg BT 222.28 198.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 244.97 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.35 198.10 Td (validity ) Tj ET Q q 0 0 0 rg BT 305.73 198.10 Td (or ) Tj ET Q q 0 0 0 rg BT 320.44 198.10 Td (enforceability ) Tj ET Q q 0 0 0 rg BT 391.78 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.49 198.10 Td (any ) Tj ET Q q 0 0 0 rg BT 428.53 198.10 Td (other ) Tj ET Q q 0 0 0 rg BT 457.90 198.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 507.95 198.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.66 198.10 Td (this ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 183.70 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 131.31 183.70 Td (which ) Tj ET Q q 0 0 0 rg BT 163.63 183.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 189.30 183.70 Td (remain ) Tj ET Q q 0 0 0 rg BT 225.62 183.70 Td (in ) Tj ET Q q 0 0 0 rg BT 237.95 183.70 Td (full ) Tj ET Q q 0 0 0 rg BT 257.61 183.70 Td (force ) Tj ET Q q 0 0 0 rg BT 285.26 183.70 Td (and ) Tj ET Q q 0 0 0 rg BT 305.58 183.70 Td (ef) Tj ET Q q 0 0 0 rg BT 314.69 183.70 Td (fect. ) Tj ET Q q 0 0 0 rg BT 338.67 183.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 157.30 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.99 157.30 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 155.70039062499995 m 216.65625 155.70039062499995 l s q 0 0 0 rg BT 180.00 157.30 Td (Notices) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 216.66 157.30 Td (. ) Tj ET Q q 0 0 0 rg BT 227.26 157.30 Td ( ) Tj ET Q q 0 0 0 rg BT 233.19 157.30 Td (Any ) Tj ET Q q 0 0 0 rg BT 261.46 157.30 Td (notice, ) Tj ET Q q 0 0 0 rg BT 301.38 157.30 Td (request, ) Tj ET Q q 0 0 0 rg BT 346.64 157.30 Td (claim, ) Tj ET Q q 0 0 0 rg BT 383.90 157.30 Td (demand, ) Tj ET Q q 0 0 0 rg BT 432.49 157.30 Td (document, ) Tj ET Q q 0 0 0 rg BT 490.41 157.30 Td (and ) Tj ET Q q 0 0 0 rg BT 515.34 157.30 Td (other ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 142.90 Td (communication ) Tj ET Q q 0 0 0 rg BT 150.25 142.90 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 201.82 142.90 Td (to ) Tj ET Q q 0 0 0 rg BT 214.75 142.90 Td (any ) Tj ET Q q 0 0 0 rg BT 235.68 142.90 Td (Party ) Tj ET Q q 0 0 0 rg BT 264.61 142.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 290.88 142.90 Td (be ) Tj ET Q q 0 0 0 rg BT 305.80 142.90 Td (ef) Tj ET Q q 0 0 0 rg BT 314.91 142.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 351.15 142.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 378.75 142.90 Td (receipt ) Tj ET Q q 0 0 0 rg BT 415.00 142.90 Td (\(or ) Tj ET Q q 0 0 0 rg BT 432.59 142.90 Td (refusal ) Tj ET Q q 0 0 0 rg BT 468.84 142.90 Td (of ) Tj ET Q q 0 0 0 rg BT 482.43 142.90 Td (receipt\) ) Tj ET Q q 0 0 0 rg BT 522.67 142.90 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 128.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 98.39 128.50 Td (be ) Tj ET Q q 0 0 0 rg BT 113.43 128.50 Td (in ) Tj ET Q q 0 0 0 rg BT 126.49 128.50 Td (writing ) Tj ET Q q 0 0 0 rg BT 164.88 128.50 Td (and ) Tj ET Q q 0 0 0 rg BT 185.93 128.50 Td (delivered ) Tj ET Q q 0 0 0 rg BT 234.29 128.50 Td (personally ) Tj ET Q q 0 0 0 rg BT 288.00 128.50 Td (or ) Tj ET Q q 0 0 0 rg BT 301.72 128.50 Td (sent ) Tj ET Q q 0 0 0 rg BT 324.77 128.50 Td (by ) Tj ET Q q 0 0 0 rg BT 340.49 128.50 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 391.19 128.50 Td (email ) Tj ET Q q 0 0 0 rg BT 421.57 128.50 Td (or ) Tj ET Q q 0 0 0 rg BT 435.29 128.50 Td (certified ) Tj ET Q q 0 0 0 rg BT 478.98 128.50 Td (or ) Tj ET Q q 0 0 0 rg BT 492.70 128.50 Td (registered ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 114.10 Td (mail, ) Tj ET Q q 0 0 0 rg BT 100.34 114.10 Td (postage ) Tj ET Q q 0 0 0 rg BT 141.00 114.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 180.99 114.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 198.99 114.10 Td (if ) Tj ET Q q 0 0 0 rg BT 210.33 114.10 Td (it ) Tj ET Q q 0 0 0 rg BT 221.00 114.10 Td (is ) Tj ET Q q 0 0 0 rg 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Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 459.70 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.32 459.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 458.100390625 m 241.986328125 458.100390625 l s q 0 0 0 rg BT 180.00 459.70 Td (Counterparts) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 241.99 459.70 Td (. ) Tj ET Q q 0 0 0 rg BT 246.86 459.70 Td ( ) Tj ET Q q 0 0 0 rg BT 248.59 459.70 Td (This ) Tj ET Q q 0 0 0 rg BT 271.38 459.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 326.56 459.70 Td (may ) Tj ET Q q 0 0 0 rg BT 349.09 459.70 Td (be ) Tj ET Q q 0 0 0 rg BT 362.28 459.70 Td (executed ) Tj ET Q q 0 0 0 rg BT 406.79 459.70 Td (in ) Tj ET Q q 0 0 0 rg BT 417.99 459.70 Td (several ) Tj ET Q q 0 0 0 rg BT 453.84 459.70 Td (counterparts, ) Tj ET Q q 0 0 0 rg BT 518.02 459.70 Td (each ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 445.30 Td (of ) Tj ET Q q 0 0 0 rg BT 85.58 445.30 Td (which ) Tj ET Q q 0 0 0 rg BT 118.49 445.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 144.73 445.30 Td (be ) Tj ET Q q 0 0 0 rg BT 159.64 445.30 Td (deemed ) Tj ET Q q 0 0 0 rg BT 200.53 445.30 Td (to ) Tj ET Q q 0 0 0 rg BT 213.45 445.30 Td (be ) Tj ET Q q 0 0 0 rg BT 228.36 445.30 Td (an ) Tj ET Q q 0 0 0 rg BT 243.26 445.30 Td (original, ) Tj ET Q q 0 0 0 rg BT 287.17 445.30 Td (but ) Tj ET Q q 0 0 0 rg BT 306.08 445.30 Td (all ) Tj ET Q q 0 0 0 rg BT 321.66 445.30 Td (of ) Tj ET Q q 0 0 0 rg BT 335.24 445.30 Td (which ) Tj ET Q q 0 0 0 rg BT 368.15 445.30 Td (together ) Tj ET Q q 0 0 0 rg BT 411.04 445.30 Td (will ) Tj ET Q q 0 0 0 rg BT 433.29 445.30 Td (constitute ) Tj ET Q q 0 0 0 rg BT 483.53 445.30 Td (one ) Tj ET Q q 0 0 0 rg BT 504.44 445.30 Td (and ) Tj ET Q q 0 0 0 rg BT 525.35 445.30 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 430.90 Td (same ) Tj ET Q q 0 0 0 rg BT 98.99 430.90 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 158.30 430.90 Td ( ) Tj ET Q q 0 0 0 rg BT 161.30 430.90 Td (Signatures ) Tj ET Q q 0 0 0 rg BT 214.96 430.90 Td (delivered ) Tj ET Q q 0 0 0 rg BT 262.61 430.90 Td (by ) Tj ET Q q 0 0 0 rg BT 277.61 430.90 Td (facsimile ) Tj ET Q q 0 0 0 rg BT 324.59 430.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 350.25 430.90 Td (be ) Tj ET Q q 0 0 0 rg BT 364.58 430.90 Td (deemed ) Tj ET Q q 0 0 0 rg BT 404.89 430.90 Td (ef) Tj ET Q q 0 0 0 rg BT 413.99 430.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 449.64 430.90 Td (for ) Tj ET Q q 0 0 0 rg BT 466.63 430.90 Td (all ) Tj ET Q q 0 0 0 rg BT 481.62 430.90 Td (purposes.) 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BT 413.67 361.30 Td (ef) Tj ET Q q 0 0 0 rg BT 422.77 361.30 Td (fect, ) Tj ET Q q 0 0 0 rg BT 447.16 361.30 Td (are ) Tj ET Q q 0 0 0 rg BT 465.22 361.30 Td (intended ) Tj ET Q q 0 0 0 rg BT 509.94 361.30 Td (by ) Tj ET Q q 0 0 0 rg BT 525.35 361.30 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 346.90 Td (Parties ) Tj ET Q q 0 0 0 rg BT 107.83 346.90 Td (to ) Tj ET Q q 0 0 0 rg BT 120.33 346.90 Td (be ) Tj ET Q q 0 0 0 rg BT 134.82 346.90 Td (the ) Tj ET Q q 0 0 0 rg BT 152.64 346.90 Td (final ) Tj ET Q q 0 0 0 rg BT 177.80 346.90 Td (expression ) Tj ET Q q 0 0 0 rg BT 232.29 346.90 Td (of ) Tj ET Q q 0 0 0 rg BT 245.45 346.90 Td (their ) Tj ET Q q 0 0 0 rg BT 270.60 346.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 323.74 346.90 Td (with ) Tj ET Q q 0 0 0 rg BT 348.24 346.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 385.38 346.90 Td (to ) Tj ET Q q 0 0 0 rg BT 397.88 346.90 Td (the ) Tj ET Q q 0 0 0 rg BT 415.71 346.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 478.86 346.90 Td (of ) Tj 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(intend ) Tj ET Q q 0 0 0 rg BT 211.86 318.10 Td (that ) Tj ET Q q 0 0 0 rg BT 236.32 318.10 Td (this ) Tj ET Q q 0 0 0 rg BT 258.71 318.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 321.49 318.10 Td (together ) Tj ET Q q 0 0 0 rg BT 367.28 318.10 Td (with ) Tj ET Q q 0 0 0 rg BT 395.09 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.22 318.10 Td (Confidential ) Tj ET Q q 0 0 0 rg BT 482.69 318.10 Td (Information ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 303.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 128.44 303.70 Td (and ) Tj ET Q q 0 0 0 rg BT 148.89 303.70 Td (CIC, ) Tj ET Q q 0 0 0 rg BT 175.03 303.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 200.82 303.70 Td (constitute ) Tj ET Q q 0 0 0 rg BT 250.61 303.70 Td (the ) Tj ET Q q 0 0 0 rg BT 268.39 303.70 Td (complete ) Tj ET Q q 0 0 0 rg BT 315.50 303.70 Td (and ) Tj ET Q q 0 0 0 rg BT 335.96 303.70 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 384.40 303.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 433.52 303.70 Td (of ) Tj ET Q q 0 0 0 rg BT 446.64 303.70 Td (their ) Tj ET Q q 0 0 0 rg BT 471.76 303.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 501.55 303.70 Td (and ) Tj ET Q q 0 0 0 rg BT 522.01 303.70 Td (that ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 289.30 Td (no ) Tj ET Q q 0 0 0 rg BT 86.99 289.30 Td (extrinsic ) Tj ET Q q 0 0 0 rg BT 131.29 289.30 Td (evidence ) Tj ET Q q 0 0 0 rg BT 176.92 289.30 Td (whatsoever ) Tj ET Q q 0 0 0 rg BT 234.55 289.30 Td (may ) Tj ET Q q 0 0 0 rg BT 258.20 289.30 Td (be ) Tj ET Q q 0 0 0 rg BT 272.51 289.30 Td (introduced ) Tj ET Q q 0 0 0 rg BT 326.81 289.30 Td (in ) Tj ET Q q 0 0 0 rg BT 339.13 289.30 Td (any ) Tj ET Q q 0 0 0 rg BT 359.45 289.30 Td (judicial, ) Tj ET Q q 0 0 0 rg BT 401.42 289.30 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 476.06 289.30 Td (or ) Tj ET Q q 0 0 0 rg BT 489.04 289.30 Td (other ) Tj ET Q q 0 0 0 rg BT 516.68 289.30 Td (legal ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 274.90 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 128.31 274.90 Td (to ) Tj ET Q q 0 0 0 rg BT 140.64 274.90 Td (vary ) Tj ET Q q 0 0 0 rg BT 164.96 274.90 Td (the ) Tj ET Q q 0 0 0 rg BT 182.63 274.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 212.29 274.90 Td (of ) Tj ET Q q 0 0 0 rg BT 225.28 274.90 Td (this ) Tj ET Q q 0 0 0 rg BT 244.96 274.90 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 304.27 274.90 Td ( ) Tj ET Q q 0 0 0 rg BT 307.27 274.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 248.50 Td (\(g\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.99 248.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 246.900390625 m 288.85205078125 246.900390625 l s q 0 0 0 rg BT 180.00 248.50 Td (Amendments; ) Tj ET Q q 0 0 0 rg BT 249.83 248.50 Td (W) Tj ET Q q 0 0 0 rg BT 260.20 248.50 Td (aivers) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 288.85 248.50 Td (. ) Tj ET Q q 0 0 0 rg BT 294.56 248.50 Td ( ) Tj ET Q q 0 0 0 rg BT 297.07 248.50 Td (This ) Tj ET Q q 0 0 0 rg BT 320.51 248.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 376.52 248.50 Td (may ) Tj ET Q q 0 0 0 rg BT 399.89 248.50 Td (not ) Tj ET Q q 0 0 0 rg BT 417.93 248.50 Td (be ) Tj ET Q q 0 0 0 rg BT 431.96 248.50 Td (modified, ) Tj ET Q q 0 0 0 rg BT 480.99 248.50 Td (amended, ) Tj ET Q q 0 0 0 rg BT 530.01 248.50 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 234.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 129.29 234.10 Td (except ) Tj ET Q q 0 0 0 rg BT 166.59 234.10 Td (by ) Tj ET Q q 0 0 0 rg BT 184.57 234.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.88 234.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 259.20 234.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.51 234.10 Td (writing, ) Tj ET Q q 0 0 0 rg BT 318.16 234.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 355.48 234.10 Td (by ) Tj ET Q q 0 0 0 rg BT 373.46 234.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 427.42 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.73 234.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.04 234.10 Td (duly ) Tj ET Q q 0 0 0 rg BT 489.36 234.10 Td (authorized ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 219.70 Td (representative ) Tj ET Q q 0 0 0 rg BT 142.74 219.70 Td (of ) Tj ET Q q 0 0 0 rg BT 156.18 219.70 Td (Company) Tj ET Q q 0 0 0 rg BT 202.07 219.70 Td (. ) Tj ET Q q 0 0 0 rg BT 208.51 219.70 Td ( ) Tj ET Q q 0 0 0 rg BT 211.96 219.70 Td (By ) Tj ET Q q 0 0 0 rg BT 229.41 219.70 Td (an ) Tj ET Q q 0 0 0 rg BT 244.18 219.70 Td (instrument ) Tj ET Q q 0 0 0 rg BT 298.95 219.70 Td (in ) Tj ET Q q 0 0 0 rg BT 311.73 219.70 Td (writing ) Tj ET Q q 0 0 0 rg BT 349.84 219.70 Td (similarly ) Tj ET Q q 0 0 0 rg BT 395.95 219.70 Td (executed, ) Tj ET Q q 0 0 0 rg BT 445.03 219.70 Td (Executive ) Tj ET Q q 0 0 0 rg BT 496.45 219.70 Td (or ) Tj ET Q q 0 0 0 rg BT 509.89 219.70 Td (a ) Tj ET Q q 0 0 0 rg BT 518.67 219.70 Td (duly ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 205.30 Td (authorized ) Tj ET Q q 0 0 0 rg BT 126.01 205.30 Td (of) Tj ET Q q 0 0 0 rg BT 135.79 205.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 161.14 205.30 Td (of ) Tj ET Q q 0 0 0 rg BT 174.50 205.30 Td (the ) Tj ET Q q 0 0 0 rg BT 192.53 205.30 Td (Company) Tj ET Q q 0 0 0 rg BT 238.42 205.30 Td (, ) Tj ET Q q 0 0 0 rg BT 244.79 205.30 Td (as ) Tj ET Q q 0 0 0 rg BT 258.15 205.30 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 313.83 205.30 Td (may ) Tj ET Q q 0 0 0 rg BT 337.86 205.30 Td (waive ) Tj ET Q q 0 0 0 rg BT 369.88 205.30 Td (compliance ) Tj ET Q q 0 0 0 rg BT 428.55 205.30 Td (by ) Tj ET Q q 0 0 0 rg BT 443.92 205.30 Td (the ) Tj ET Q q 0 0 0 rg BT 461.95 205.30 Td (other ) Tj ET Q q 0 0 0 rg BT 489.98 205.30 Td (Party ) Tj ET Q q 0 0 0 rg BT 518.68 205.30 Td (with ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 190.90 Td (any ) Tj ET Q q 0 0 0 rg BT 92.22 190.90 Td (specifically ) Tj ET Q q 0 0 0 rg BT 150.42 190.90 Td (identified ) Tj ET Q q 0 0 0 rg BT 199.30 190.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 247.53 190.90 Td (of ) Tj ET Q q 0 0 0 rg BT 260.42 190.90 Td (this ) Tj ET Q q 0 0 0 rg BT 280.01 190.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 336.22 190.90 Td (that ) Tj ET Q q 0 0 0 rg BT 357.11 190.90 Td (such ) Tj ET Q q 0 0 0 rg BT 382.00 190.90 Td (other ) Tj ET Q q 0 0 0 rg BT 409.55 190.90 Td (Party ) Tj ET Q q 0 0 0 rg BT 437.77 190.90 Td (was ) Tj ET Q q 0 0 0 rg BT 459.33 190.90 Td (or ) Tj ET Q q 0 0 0 rg BT 472.22 190.90 Td (is ) Tj ET Q q 0 0 0 rg BT 483.12 190.90 Td (obligated ) Tj ET Q q 0 0 0 rg BT 530.67 190.90 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 176.50 Td (comply ) Tj ET Q q 0 0 0 rg BT 111.23 176.50 Td (with ) Tj ET Q q 0 0 0 rg BT 135.81 176.50 Td (or ) Tj ET Q q 0 0 0 rg BT 149.04 176.50 Td (perform; ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 194.26 176.50 Td (provided) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 236.92 176.50 Td (, ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 243.16 176.50 Td (however) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 284.48 176.50 Td (,) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 287.48 176.50 Td ( ) Tj ET Q q 0 0 0 rg BT 290.72 176.50 Td (that ) Tj ET Q q 0 0 0 rg BT 311.95 176.50 Td (such ) Tj ET Q q 0 0 0 rg BT 337.19 176.50 Td (waiver ) Tj ET Q q 0 0 0 rg BT 373.08 176.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 398.98 176.50 Td (not ) Tj ET Q q 0 0 0 rg BT 417.55 176.50 Td (operate ) Tj ET Q q 0 0 0 rg BT 456.10 176.50 Td (as ) Tj ET Q q 0 0 0 rg BT 469.33 176.50 Td (a ) Tj ET Q q 0 0 0 rg BT 477.90 176.50 Td (waiver ) Tj ET Q q 0 0 0 rg BT 513.79 176.50 Td (of, ) Tj ET Q q 0 0 0 rg BT 530.02 176.50 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 162.10 Td (estoppel ) Tj ET Q q 0 0 0 rg BT 115.61 162.10 Td (with ) Tj ET Q q 0 0 0 rg BT 140.56 162.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 178.15 162.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 194.10 162.10 Td (any ) Tj ET Q q 0 0 0 rg BT 215.05 162.10 Td (other ) Tj ET Q q 0 0 0 rg BT 243.32 162.10 Td (or ) Tj ET Q q 0 0 0 rg BT 256.93 162.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 313.88 162.10 Td (failure. ) Tj ET Q q 0 0 0 rg BT 351.80 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.42 162.10 Td (No ) Tj ET Q q 0 0 0 rg BT 373.70 162.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 408.63 162.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.58 162.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 464.50 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.45 162.10 Td (no ) Tj ET Q q 0 0 0 rg BT 501.06 162.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 530.67 162.10 Td (in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 147.70 Td (exercising ) Tj ET Q q 0 0 0 rg BT 125.00 147.70 Td (any ) Tj ET Q q 0 0 0 rg BT 146.02 147.70 Td (right, ) Tj ET Q q 0 0 0 rg BT 175.37 147.70 Td (remedy) Tj ET Q q 0 0 0 rg BT 210.57 147.70 Td (, ) Tj ET Q q 0 0 0 rg BT 217.26 147.70 Td (or ) Tj ET Q q 0 0 0 rg BT 230.94 147.70 Td (power ) Tj ET Q q 0 0 0 rg BT 264.62 147.70 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 316.28 147.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 342.63 147.70 Td (preclude ) Tj ET Q q 0 0 0 rg BT 387.63 147.70 Td (any ) Tj ET Q q 0 0 0 rg BT 408.64 147.70 Td (other ) Tj ET Q q 0 0 0 rg BT 436.99 147.70 Td (or ) Tj ET Q q 0 0 0 rg BT 450.67 147.70 Td (further ) Tj ET Q q 0 0 0 rg BT 487.01 147.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 530.00 147.70 Td (of ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 133.30 Td (any ) Tj ET Q q 0 0 0 rg BT 92.33 133.30 Td (other ) Tj ET Q q 0 0 0 rg BT 119.98 133.30 Td (right, ) Tj ET Q q 0 0 0 rg BT 148.65 133.30 Td (remedy) Tj ET Q q 0 0 0 rg BT 183.85 133.30 Td (, ) Tj ET Q q 0 0 0 rg BT 189.85 133.30 Td (or ) Tj ET Q q 0 0 0 rg BT 202.85 133.30 Td (power ) Tj ET Q q 0 0 0 rg BT 235.83 133.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.49 133.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 314.47 133.30 Td (or ) Tj ET Q q 0 0 0 rg BT 327.47 133.30 Td (by ) Tj ET Q q 0 0 0 rg BT 342.47 133.30 Td (law ) Tj ET Q q 0 0 0 rg BT 362.79 133.30 Td (or ) Tj ET Q q 0 0 0 rg BT 375.79 133.30 Td (in ) Tj ET Q q 0 0 0 rg BT 388.13 133.30 Td (equity) Tj ET Q q 0 0 0 rg BT 417.34 133.30 Td (. ) Tj ET Q q 0 0 0 rg BT 423.34 133.30 Td ( ) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 59.20 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 711.70 Td (\(h\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.99 711.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 710.100390625 m 275.353515625 710.100390625 l s q 0 0 0 rg BT 180.00 711.70 Td (Dispute ) Tj ET Q q 0 0 0 rg BT 223.35 711.70 Td (Resolution) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 275.35 711.70 Td (. ) Tj ET Q q 0 0 0 rg BT 284.38 711.70 Td ( ) Tj ET Q q 0 0 0 rg BT 290.40 711.70 Td (Except ) Tj ET Q q 0 0 0 rg BT 329.73 711.70 Td (as ) Tj ET Q q 0 0 0 rg BT 345.75 711.70 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 398.43 711.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 447.10 711.70 Td (by ) Tj ET Q q 0 0 0 rg BT 465.13 711.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 520.45 711.70 Td (law) Tj ET Q q 0 0 0 rg BT 537.00 711.70 Td (, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 124.18 697.30 Td (and ) Tj ET Q q 0 0 0 rg BT 145.71 697.30 Td (the ) Tj ET Q q 0 0 0 rg BT 164.57 697.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 215.43 697.30 Td (agree ) Tj ET Q q 0 0 0 rg BT 245.61 697.30 Td (that ) Tj ET Q q 0 0 0 rg BT 267.80 697.30 Td (if ) Tj ET Q q 0 0 0 rg BT 279.33 697.30 Td (any ) Tj ET Q q 0 0 0 rg BT 300.86 697.30 Td (disputes ) Tj ET Q q 0 0 0 rg BT 344.40 697.30 Td (should ) Tj ET Q q 0 0 0 rg BT 380.60 697.30 Td (arise ) Tj ET Q q 0 0 0 rg BT 407.46 697.30 Td (between ) Tj ET Q q 0 0 0 rg BT 451.63 697.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 503.81 697.30 Td (and ) Tj ET Q q 0 0 0 rg BT 525.34 697.30 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 682.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 125.26 682.90 Td (\(including ) Tj ET Q q 0 0 0 rg BT 181.17 682.90 Td (claims ) Tj ET Q q 0 0 0 rg BT 219.09 682.90 Td (against ) Tj ET Q q 0 0 0 rg BT 259.67 682.90 Td (its ) Tj ET Q q 0 0 0 rg BT 277.60 682.90 Td (employees, ) Tj ET Q q 0 0 0 rg BT 338.51 682.90 Td (of) Tj ET Q q 0 0 0 rg BT 348.29 682.90 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 384.53 682.90 Td (directors, ) Tj ET Q q 0 0 0 rg BT 436.11 682.90 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 506.34 682.90 Td (agents, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 668.50 Td (successors, ) Tj ET Q q 0 0 0 rg BT 129.22 668.50 Td (and ) Tj ET Q q 0 0 0 rg BT 150.11 668.50 Td (assigns\) ) Tj ET Q q 0 0 0 rg BT 192.34 668.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 232.55 668.50 Td (or ) Tj ET Q q 0 0 0 rg BT 246.11 668.50 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 298.33 668.50 Td (to ) Tj ET Q q 0 0 0 rg BT 311.23 668.50 Td (or ) Tj ET Q q 0 0 0 rg BT 324.79 668.50 Td (arising ) Tj ET Q q 0 0 0 rg BT 361.01 668.50 Td (out ) Tj ET Q q 0 0 0 rg BT 379.91 668.50 Td (of ) Tj ET Q q 0 0 0 rg BT 393.47 668.50 Td (this ) Tj ET Q q 0 0 0 rg BT 413.58 668.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 470.46 668.50 Td (or ) Tj ET Q q 0 0 0 rg BT 484.02 668.50 Td (Executive) Tj ET Q q 0 0 0 rg BT 535.33 668.50 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 654.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 135.81 654.10 Td (with ) Tj ET Q q 0 0 0 rg BT 160.97 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.45 654.10 Td (Company) Tj ET Q q 0 0 0 rg BT 225.33 654.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.15 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.64 654.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 289.12 654.10 Td (will ) Tj ET Q q 0 0 0 rg BT 311.61 654.10 Td (be ) Tj ET Q q 0 0 0 rg BT 326.76 654.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 377.91 654.10 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 436.39 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.54 654.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 490.03 654.10 Td (arbitration ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 639.70 Td (before ) Tj ET Q q 0 0 0 rg BT 106.19 639.70 Td (a ) Tj ET Q q 0 0 0 rg BT 115.06 639.70 Td (single ) Tj ET Q q 0 0 0 rg BT 147.27 639.70 Td (neutral ) Tj ET Q q 0 0 0 rg BT 184.14 639.70 Td (arbitrator) Tj ET Q q 0 0 0 rg BT 228.12 639.70 Td (. ) Tj ET Q q 0 0 0 rg BT 234.66 639.70 Td ( ) Tj ET Q q 0 0 0 rg BT 237.95 639.70 Td (This ) Tj ET Q q 0 0 0 rg BT 262.83 639.70 Td (means ) Tj ET Q q 0 0 0 rg BT 297.04 639.70 Td (that ) Tj ET Q q 0 0 0 rg BT 318.58 639.70 Td (such ) Tj ET Q q 0 0 0 rg BT 344.12 639.70 Td (disputes ) Tj ET Q q 0 0 0 rg BT 387.00 639.70 Td (will ) Tj ET Q q 0 0 0 rg BT 409.21 639.70 Td (be ) Tj ET Q q 0 0 0 rg BT 424.09 639.70 Td (decided ) Tj ET Q q 0 0 0 rg BT 464.95 639.70 Td (by ) Tj ET Q q 0 0 0 rg BT 480.49 639.70 Td (an ) Tj ET Q q 0 0 0 rg BT 495.36 639.70 Td (arbitrator ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 625.30 Td (rather ) Tj ET Q q 0 0 0 rg BT 102.97 625.30 Td (than ) Tj ET Q q 0 0 0 rg BT 126.63 625.30 Td (a ) Tj ET Q q 0 0 0 rg BT 134.95 625.30 Td (court ) Tj ET Q q 0 0 0 rg BT 162.60 625.30 Td (or ) Tj ET Q q 0 0 0 rg BT 175.60 625.30 Td (jury) Tj ET Q q 0 0 0 rg BT 194.15 625.30 Td (, ) Tj ET Q q 0 0 0 rg BT 200.14 625.30 Td (and ) Tj ET Q q 0 0 0 rg BT 220.46 625.30 Td (that ) Tj ET Q q 0 0 0 rg BT 241.45 625.30 Td (both ) Tj ET Q q 0 0 0 rg BT 265.78 625.30 Td (Executive ) Tj ET Q q 0 0 0 rg BT 316.75 625.30 Td (and ) Tj ET Q q 0 0 0 rg BT 337.08 625.30 Td (the ) Tj ET Q q 0 0 0 rg BT 354.73 625.30 Td (Company) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 401.40 625.30 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 404.39 625.30 Td (waive ) Tj ET Q q 0 0 0 rg BT 436.04 625.30 Td (their ) Tj ET Q q 0 0 0 rg BT 461.03 625.30 Td (respective ) Tj ET Q q 0 0 0 rg BT 512.66 625.30 Td (rights ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td (to ) Tj ET Q q 0 0 0 rg BT 83.00 610.90 Td (a ) Tj ET Q q 0 0 0 rg BT 90.00 610.90 Td (court ) Tj ET Q q 0 0 0 rg BT 116.33 610.90 Td (or ) Tj ET Q q 0 0 0 rg BT 127.99 610.90 Td (jury ) Tj ET Q q 0 0 0 rg BT 148.99 610.90 Td (trial. ) Tj ET Q q 0 0 0 rg BT 172.99 610.90 Td ( ) Tj ET Q q 0 0 0 rg BT 174.66 610.90 Td (Executive ) Tj ET Q q 0 0 0 rg BT 224.30 610.90 Td (understands ) Tj ET Q q 0 0 0 rg BT 283.29 610.90 Td (that ) Tj ET Q q 0 0 0 rg BT 302.96 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 319.29 610.90 Td (arbitrator) Tj ET Q q 0 0 0 rg BT 364.38 610.90 Td () Tj ET Q q 0 0 0 rg BT 367.71 610.90 Td (s ) Tj ET Q q 0 0 0 rg BT 374.05 610.90 Td (decision ) Tj ET Q q 0 0 0 rg BT 415.71 610.90 Td (will ) Tj ET Q q 0 0 0 rg BT 436.05 610.90 Td (be ) Tj ET Q q 0 0 0 rg BT 449.04 610.90 Td (final ) Tj ET Q q 0 0 0 rg BT 472.71 610.90 Td (and ) Tj ET Q q 0 0 0 rg BT 491.70 610.90 Td (exclusive. ) Tj ET Q q 0 0 0 rg BT 543.02 610.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 596.50 Td (Judgment ) Tj ET Q q 0 0 0 rg BT 121.20 596.50 Td (on ) Tj ET Q q 0 0 0 rg BT 135.73 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 152.92 596.50 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 205.44 596.50 Td (award ) Tj ET Q q 0 0 0 rg BT 237.28 596.50 Td (may ) Tj ET Q q 0 0 0 rg BT 260.48 596.50 Td (be ) Tj ET Q q 0 0 0 rg BT 274.33 596.50 Td (entered ) Tj ET Q q 0 0 0 rg BT 312.18 596.50 Td (in ) Tj ET Q q 0 0 0 rg BT 324.04 596.50 Td (any ) Tj ET Q q 0 0 0 rg BT 343.90 596.50 Td (court ) Tj ET Q q 0 0 0 rg BT 371.09 596.50 Td (having ) Tj ET Q q 0 0 0 rg BT 406.28 596.50 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 466.48 596.50 Td ( ) Tj ET Q q 0 0 0 rg BT 468.83 596.50 Td (The ) Tj ET Q q 0 0 0 rg BT 490.02 596.50 Td (arbitration ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 582.10 Td (will ) Tj ET Q q 0 0 0 rg BT 92.69 582.10 Td (be ) Tj ET Q q 0 0 0 rg BT 106.05 582.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 157.38 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.74 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.43 582.10 Td (San ) Tj ET Q q 0 0 0 rg BT 205.46 582.10 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 254.13 582.10 Td (Bay ) Tj ET Q q 0 0 0 rg BT 275.04 582.10 Td (Area ) Tj ET Q q 0 0 0 rg BT 300.38 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.74 582.10 Td (California. ) Tj ET Q q 0 0 0 rg BT 365.42 582.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.30 582.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.98 582.10 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 439.99 582.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 464.68 582.10 Td (be ) Tj ET Q q 0 0 0 rg BT 478.03 582.10 Td (administered ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 567.70 Td (by ) Tj ET Q q 0 0 0 rg BT 87.38 567.70 Td (JAMS ) Tj ET Q q 0 0 0 rg BT 121.44 567.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 166.14 567.70 Td (to ) Tj ET Q q 0 0 0 rg BT 178.86 567.70 Td (its ) Tj ET Q q 0 0 0 rg BT 193.57 567.70 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 246.93 567.70 Td (rules ) Tj ET Q q 0 0 0 rg BT 273.64 567.70 Td (and ) Tj ET Q q 0 0 0 rg BT 294.35 567.70 Td (procedures ) Tj ET Q q 0 0 0 rg BT 350.37 567.70 Td (then ) Tj ET Q q 0 0 0 rg BT 374.41 567.70 Td (in ) Tj ET Q q 0 0 0 rg BT 387.12 567.70 Td (ef) Tj ET Q q 0 0 0 rg BT 396.22 567.70 Td (fect. ) Tj ET Q q 0 0 0 rg BT 420.59 567.70 Td ( ) Tj ET Q q 0 0 0 rg BT 423.72 567.70 Td (W) Tj ET Q q 0 0 0 rg BT 434.57 567.70 Td (ithin ) Tj ET Q q 0 0 0 rg BT 459.95 567.70 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 494.64 567.70 Td (\(15\) ) Tj ET Q q 0 0 0 rg BT 518.01 567.70 Td (days ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 553.30 Td (after ) Tj ET Q q 0 0 0 rg BT 96.41 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 113.51 553.30 Td (commencement ) Tj ET Q q 0 0 0 rg BT 191.91 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 204.34 553.30 Td (arbitration, ) Tj ET Q q 0 0 0 rg BT 259.75 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 276.85 553.30 Td (Parties ) Tj ET Q q 0 0 0 rg BT 311.94 553.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 337.04 553.30 Td (mutually ) Tj ET Q q 0 0 0 rg BT 382.14 553.30 Td (select ) Tj ET Q q 0 0 0 rg BT 411.89 553.30 Td (one ) Tj ET Q q 0 0 0 rg BT 431.65 553.30 Td (person ) Tj ET Q q 0 0 0 rg BT 466.08 553.30 Td (to ) Tj ET Q q 0 0 0 rg BT 477.85 553.30 Td (act ) Tj ET Q q 0 0 0 rg BT 494.27 553.30 Td (as ) Tj ET Q q 0 0 0 rg BT 506.70 553.30 Td (neutral ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 538.90 Td (arbitrator) Tj ET Q q 0 0 0 rg BT 115.98 538.90 Td (. ) Tj ET Q q 0 0 0 rg BT 122.40 538.90 Td ( ) Tj ET Q q 0 0 0 rg BT 125.82 538.90 Td (If ) Tj ET Q q 0 0 0 rg BT 137.24 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 155.32 538.90 Td (Parties ) Tj ET Q q 0 0 0 rg BT 191.40 538.90 Td (fail ) Tj ET Q q 0 0 0 rg BT 210.81 538.90 Td (to ) Tj ET Q q 0 0 0 rg BT 223.57 538.90 Td (agree ) Tj ET Q q 0 0 0 rg BT 252.97 538.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 280.39 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 298.47 538.90 Td (selection ) Tj ET Q q 0 0 0 rg BT 344.54 538.90 Td (of ) Tj ET Q q 0 0 0 rg BT 357.96 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 376.04 538.90 Td (arbitrator ) Tj ET Q q 0 0 0 rg BT 424.11 538.90 Td (within ) Tj ET Q q 0 0 0 rg BT 458.20 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 476.28 538.90 Td (allotted ) Tj ET Q q 0 0 0 rg BT 515.69 538.90 Td (time, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 524.50 Td (one ) Tj ET Q q 0 0 0 rg BT 92.23 524.50 Td (neutral ) Tj ET Q q 0 0 0 rg BT 128.44 524.50 Td (selected ) Tj ET Q q 0 0 0 rg BT 169.98 524.50 Td (by ) Tj ET Q q 0 0 0 rg BT 184.88 524.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 235.76 524.50 Td (and ) Tj ET Q q 0 0 0 rg BT 255.98 524.50 Td (one ) Tj ET Q q 0 0 0 rg BT 276.21 524.50 Td (neutral ) Tj ET Q q 0 0 0 rg BT 312.42 524.50 Td (selected ) Tj ET Q q 0 0 0 rg BT 353.96 524.50 Td (by ) Tj ET Q q 0 0 0 rg BT 368.86 524.50 Td (the ) Tj ET Q q 0 0 0 rg BT 386.42 524.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 435.98 524.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 461.55 524.50 Td (jointly ) Tj ET Q q 0 0 0 rg BT 495.78 524.50 Td (appoint ) Tj ET Q q 0 0 0 rg BT 534.68 524.50 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 510.10 Td (single, ) Tj ET Q q 0 0 0 rg BT 107.76 510.10 Td (independent, ) Tj ET Q q 0 0 0 rg BT 173.50 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.93 510.10 Td (impartial ) Tj ET Q q 0 0 0 rg BT 242.34 510.10 Td (arbitrator ) Tj ET Q q 0 0 0 rg BT 291.08 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.51 510.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 333.93 510.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.02 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.78 510.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 390.21 510.10 Td (arbitrator ) Tj ET Q q 0 0 0 rg BT 438.95 510.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.04 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.79 510.10 Td (dispute. ) Tj ET Q q 0 0 0 rg BT 517.56 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.36 510.10 Td (The ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 495.70 Td (arbitrator ) Tj ET Q q 0 0 0 rg BT 119.39 495.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 144.80 495.70 Td (decide ) Tj ET Q q 0 0 0 rg BT 178.85 495.70 Td (the ) Tj ET Q q 0 0 0 rg BT 196.26 495.70 Td (dispute ) Tj ET Q q 0 0 0 rg BT 233.67 495.70 Td (in ) Tj ET Q q 0 0 0 rg BT 245.75 495.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 302.45 495.70 Td (with ) Tj ET Q q 0 0 0 rg BT 326.53 495.70 Td (the ) Tj ET Q q 0 0 0 rg BT 343.93 495.70 Td (substantive ) Tj ET Q q 0 0 0 rg BT 400.67 495.70 Td (law ) Tj ET Q q 0 0 0 rg BT 420.74 495.70 Td (of ) Tj ET Q q 0 0 0 rg BT 433.48 495.70 Td (the ) Tj ET Q q 0 0 0 rg BT 450.89 495.70 Td (state ) Tj ET Q q 0 0 0 rg BT 475.62 495.70 Td (of ) Tj ET Q q 0 0 0 rg BT 488.36 495.70 Td (California. ) Tj ET Q q 0 0 0 rg BT 543.01 495.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 481.30 Td (The ) Tj ET Q q 0 0 0 rg BT 93.49 481.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 143.00 481.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 168.50 481.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 188.66 481.30 Td (all ) Tj ET Q q 0 0 0 rg BT 203.49 481.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.33 481.30 Td (of ) Tj ET Q q 0 0 0 rg BT 243.16 481.30 Td (arbitration, ) Tj ET Q q 0 0 0 rg BT 298.98 481.30 Td (including ) Tj ET Q q 0 0 0 rg BT 347.15 481.30 Td (the ) Tj ET Q q 0 0 0 rg BT 364.64 481.30 Td (arbitrator) Tj ET Q q 0 0 0 rg BT 409.73 481.30 Td () Tj ET Q q 0 0 0 rg BT 413.07 481.30 Td (s ) Tj ET Q q 0 0 0 rg BT 420.57 481.30 Td (fees. ) Tj ET Q q 0 0 0 rg BT 445.73 481.30 Td ( ) Tj ET Q q 0 0 0 rg BT 448.36 481.30 Td (The ) Tj ET Q q 0 0 0 rg BT 469.85 481.30 Td (arbitrator ) Tj ET Q q 0 0 0 rg BT 517.33 481.30 Td (shall ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 466.90 Td (have ) Tj ET Q q 0 0 0 rg BT 96.21 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 112.42 466.90 Td (authority ) Tj ET Q q 0 0 0 rg BT 157.29 466.90 Td (to ) Tj ET Q q 0 0 0 rg BT 168.18 466.90 Td (apportion ) Tj ET Q q 0 0 0 rg BT 215.72 466.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 236.60 466.90 Td (as ) Tj ET Q q 0 0 0 rg BT 248.14 466.90 Td (between ) Tj ET Q q 0 0 0 rg BT 289.68 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 305.89 466.90 Td (parties ) Tj ET Q q 0 0 0 rg BT 339.43 466.90 Td (in ) Tj ET Q q 0 0 0 rg BT 350.31 466.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 405.82 466.90 Td (with ) Tj ET Q q 0 0 0 rg BT 428.71 466.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 479.57 466.90 Td (law) Tj ET Q q 0 0 0 rg BT 496.11 466.90 Td (. ) Tj ET Q q 0 0 0 rg BT 500.67 466.90 Td (Nothing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 452.50 Td (herein ) Tj ET Q q 0 0 0 rg BT 105.06 452.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 130.80 452.50 Td (prevent ) Tj ET Q q 0 0 0 rg BT 169.85 452.50 Td (either ) Tj ET Q q 0 0 0 rg BT 200.24 452.50 Td (Party ) Tj ET Q q 0 0 0 rg BT 228.65 452.50 Td (from ) Tj ET Q q 0 0 0 rg BT 255.05 452.50 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 300.12 452.50 Td (injunctive ) Tj ET Q q 0 0 0 rg BT 351.19 452.50 Td (relief ) Tj ET Q q 0 0 0 rg BT 379.57 452.50 Td (in ) Tj ET Q q 0 0 0 rg BT 391.98 452.50 Td (court ) Tj ET Q q 0 0 0 rg BT 419.71 452.50 Td (\(without ) Tj ET Q q 0 0 0 rg BT 463.45 452.50 Td (having ) Tj ET Q q 0 0 0 rg BT 499.19 452.50 Td (to ) Tj ET Q q 0 0 0 rg BT 511.60 452.50 Td (post ) Tj ET Q q 0 0 0 rg BT 534.68 452.50 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 438.10 Td (bond\) ) Tj ET Q q 0 0 0 rg BT 103.00 438.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.33 438.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 144.99 438.10 Td (irreparable ) Tj ET Q q 0 0 0 rg BT 199.95 438.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 227.61 438.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 269.27 438.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 326.26 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.25 438.10 Td (any ) Tj ET Q q 0 0 0 rg BT 359.58 438.10 Td (arbitration.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 411.70 Td (\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.33 411.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 410.100390625 m 241.96875 410.100390625 l s q 0 0 0 rg BT 180.00 411.70 Td (Enforcement) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 241.97 411.70 Td (. ) Tj ET Q q 0 0 0 rg BT 247.17 411.70 Td ( ) Tj ET Q q 0 0 0 rg BT 249.37 411.70 Td (If ) Tj ET Q q 0 0 0 rg BT 259.56 411.70 Td (any ) Tj ET Q q 0 0 0 rg BT 279.08 411.70 Td (provision ) Tj ET Q q 0 0 0 rg BT 326.61 411.70 Td (of ) Tj ET Q q 0 0 0 rg BT 338.81 411.70 Td (this ) Tj ET Q q 0 0 0 rg BT 357.86 411.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 413.37 411.70 Td (is ) Tj ET Q q 0 0 0 rg BT 423.57 411.70 Td (held ) Tj ET Q q 0 0 0 rg BT 446.43 411.70 Td (to ) Tj ET Q q 0 0 0 rg BT 457.96 411.70 Td (be ) Tj ET Q q 0 0 0 rg BT 471.49 411.70 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 506.67 411.70 Td (invalid ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 397.30 Td (or ) Tj ET Q q 0 0 0 rg BT 83.53 397.30 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 153.02 397.30 Td (under ) Tj ET Q q 0 0 0 rg BT 181.88 397.30 Td (present ) Tj ET Q q 0 0 0 rg BT 218.07 397.30 Td (or ) Tj ET Q q 0 0 0 rg BT 229.60 397.30 Td (future ) Tj ET Q q 0 0 0 rg BT 259.79 397.30 Td (laws, ) Tj ET Q q 0 0 0 rg BT 286.32 397.30 Td (such ) Tj ET Q q 0 0 0 rg BT 309.85 397.30 Td (provision ) Tj ET Q q 0 0 0 rg BT 356.72 397.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 380.92 397.30 Td (be ) Tj ET Q q 0 0 0 rg BT 393.78 397.30 Td (fully ) Tj ET Q q 0 0 0 rg BT 417.98 397.30 Td (severable; ) Tj ET Q q 0 0 0 rg BT 468.15 397.30 Td (this ) Tj ET Q q 0 0 0 rg BT 486.69 397.30 Td (Agreement ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 382.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 98.39 382.90 Td (be ) Tj ET Q q 0 0 0 rg BT 113.44 382.90 Td (construed ) Tj ET Q q 0 0 0 rg BT 163.82 382.90 Td (and ) Tj ET Q q 0 0 0 rg BT 184.88 382.90 Td (enforced ) Tj ET Q q 0 0 0 rg BT 230.57 382.90 Td (as ) Tj ET Q q 0 0 0 rg BT 244.29 382.90 Td (if ) Tj ET Q q 0 0 0 rg BT 255.35 382.90 Td (such ) Tj ET Q q 0 0 0 rg BT 281.07 382.90 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 317.79 382.90 Td (invalid, ) Tj ET Q q 0 0 0 rg BT 357.84 382.90 Td (or ) Tj ET Q q 0 0 0 rg BT 371.57 382.90 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 443.25 382.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 492.31 382.90 Td (had ) Tj ET Q q 0 0 0 rg BT 513.36 382.90 Td (never ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 368.50 Td (comprised ) Tj ET Q q 0 0 0 rg BT 123.96 368.50 Td (a ) Tj ET Q q 0 0 0 rg BT 131.26 368.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 167.90 368.50 Td (of ) Tj ET Q q 0 0 0 rg BT 179.88 368.50 Td (this ) Tj ET Q q 0 0 0 rg BT 198.75 368.50 Td (Agreement; ) Tj ET Q q 0 0 0 rg BT 257.37 368.50 Td (and ) Tj ET Q q 0 0 0 rg BT 276.68 368.50 Td (the ) Tj ET Q q 0 0 0 rg BT 293.31 368.50 Td (remaining ) Tj ET Q q 0 0 0 rg BT 343.94 368.50 Td (provisions ) Tj ET Q q 0 0 0 rg BT 395.92 368.50 Td (of ) Tj ET Q q 0 0 0 rg BT 407.89 368.50 Td (this ) Tj ET Q q 0 0 0 rg BT 426.77 368.50 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 482.05 368.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 506.69 368.50 Td (remain ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 354.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.37 354.10 Td (full ) Tj ET Q q 0 0 0 rg BT 104.08 354.10 Td (force ) Tj ET Q q 0 0 0 rg BT 131.76 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.13 354.10 Td (ef) Tj ET Q q 0 0 0 rg BT 161.23 354.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 182.25 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.62 354.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 228.32 354.10 Td (not ) Tj ET Q q 0 0 0 rg BT 246.70 354.10 Td (be ) Tj ET Q q 0 0 0 rg BT 261.06 354.10 Td (af) Tj ET Q q 0 0 0 rg BT 270.17 354.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 302.52 354.10 Td (by ) Tj ET Q q 0 0 0 rg BT 317.56 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.26 354.10 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 371.28 354.10 Td (invalid, ) Tj ET Q q 0 0 0 rg BT 410.65 354.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.69 354.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 494.68 354.10 Td (provision ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 339.70 Td (or ) Tj ET Q q 0 0 0 rg BT 88.00 339.70 Td (by ) Tj ET Q q 0 0 0 rg BT 106.01 339.70 Td (its ) Tj ET Q q 0 0 0 rg BT 123.36 339.70 Td (severance ) Tj ET Q q 0 0 0 rg BT 176.66 339.70 Td (from ) Tj ET Q q 0 0 0 rg BT 205.99 339.70 Td (this ) Tj ET Q q 0 0 0 rg BT 228.01 339.70 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 290.33 339.70 Td ( ) Tj ET Q q 0 0 0 rg BT 296.34 339.70 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 365.33 339.70 Td (in ) Tj ET Q q 0 0 0 rg BT 380.67 339.70 Td (lieu ) Tj ET Q q 0 0 0 rg BT 404.67 339.70 Td (of ) Tj ET Q q 0 0 0 rg BT 420.67 339.70 Td (such ) Tj ET Q q 0 0 0 rg BT 448.68 339.70 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 487.67 339.70 Td (invalid, ) Tj ET Q q 0 0 0 rg BT 530.01 339.70 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 325.30 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 143.07 325.30 Td (provision, ) Tj ET Q q 0 0 0 rg BT 194.52 325.30 Td (there ) Tj ET Q q 0 0 0 rg BT 221.62 325.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 247.40 325.30 Td (be ) Tj ET Q q 0 0 0 rg BT 261.84 325.30 Td (added ) Tj ET Q q 0 0 0 rg BT 293.61 325.30 Td (automatically ) Tj ET Q q 0 0 0 rg BT 362.03 325.30 Td (as ) Tj ET Q q 0 0 0 rg BT 375.15 325.30 Td (part ) Tj ET Q q 0 0 0 rg BT 396.92 325.30 Td (of ) Tj ET Q q 0 0 0 rg BT 410.03 325.30 Td (this ) Tj ET Q q 0 0 0 rg BT 429.80 325.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 486.22 325.30 Td (a ) Tj ET Q q 0 0 0 rg BT 494.66 325.30 Td (provision ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 310.90 Td (as ) Tj ET Q q 0 0 0 rg BT 85.61 310.90 Td (similar ) Tj ET Q q 0 0 0 rg BT 122.55 310.90 Td (in ) Tj ET Q q 0 0 0 rg BT 135.50 310.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 165.77 310.90 Td (to ) Tj ET Q q 0 0 0 rg BT 178.71 310.90 Td (such ) Tj ET Q q 0 0 0 rg BT 204.32 310.90 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 240.92 310.90 Td (invalid ) Tj ET Q q 0 0 0 rg BT 277.86 310.90 Td (or ) Tj ET Q q 0 0 0 rg BT 291.47 310.90 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 363.04 310.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 411.99 310.90 Td (as ) Tj ET Q q 0 0 0 rg BT 425.60 310.90 Td (may ) Tj ET Q q 0 0 0 rg BT 449.87 310.90 Td (be ) Tj ET Q q 0 0 0 rg BT 464.81 310.90 Td (possible ) Tj ET Q q 0 0 0 rg BT 507.75 310.90 Td (and ) Tj ET Q q 0 0 0 rg BT 528.69 310.90 Td (be ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 296.50 Td (legal, ) Tj ET Q q 0 0 0 rg BT 101.32 296.50 Td (valid ) Tj ET Q q 0 0 0 rg BT 128.31 296.50 Td (and ) Tj ET Q q 0 0 0 rg BT 148.64 296.50 Td (enforceable.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.00 270.10 Td (\(j\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.33 270.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 180 268.500390625 m 240.181640625 268.500390625 l s q 0 0 0 rg BT 180.00 270.10 Td (W) Tj ET Q q 0 0 0 rg BT 190.85 270.10 Td (ithholding) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 240.18 270.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.76 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.16 270.10 Td (The ) Tj ET Q q 0 0 0 rg BT 269.39 270.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 318.64 270.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 343.88 270.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.79 270.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 396.36 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.28 270.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 453.53 270.10 Td (from ) Tj ET Q q 0 0 0 rg BT 479.43 270.10 Td (any ) Tj ET Q q 0 0 0 rg BT 499.34 270.10 Td (amounts ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 255.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 113.36 255.70 Td (under ) Tj ET Q q 0 0 0 rg BT 144.74 255.70 Td (this ) Tj ET Q q 0 0 0 rg BT 165.23 255.70 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 222.59 255.70 Td (any ) Tj ET Q q 0 0 0 rg BT 243.97 255.70 Td (federal, ) Tj ET Q q 0 0 0 rg BT 284.33 255.70 Td (state, ) Tj ET Q q 0 0 0 rg BT 313.37 255.70 Td (local, ) Tj ET Q q 0 0 0 rg BT 343.74 255.70 Td (or ) Tj ET Q q 0 0 0 rg BT 357.79 255.70 Td (foreign ) Tj ET Q q 0 0 0 rg BT 396.49 255.70 Td (withholding ) Tj ET Q q 0 0 0 rg BT 458.55 255.70 Td (or ) Tj ET Q q 0 0 0 rg BT 472.60 255.70 Td (other ) Tj ET Q q 0 0 0 rg BT 501.30 255.70 Td (taxes ) Tj ET Q q 0 0 0 rg BT 530.01 255.70 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 241.30 Td (char) Tj ET Q q 0 0 0 rg BT 92.43 241.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 111.65 241.30 Td (which ) Tj ET Q q 0 0 0 rg BT 144.20 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 162.08 241.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 211.97 241.30 Td (is ) Tj ET Q q 0 0 0 rg BT 223.20 241.30 Td (required ) Tj ET Q q 0 0 0 rg BT 266.40 241.30 Td (to ) Tj ET Q q 0 0 0 rg BT 278.95 241.30 Td (withhold. ) Tj ET Q q 0 0 0 rg BT 327.61 241.30 Td (The ) Tj ET Q q 0 0 0 rg BT 349.49 241.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 399.38 241.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 425.26 241.30 Td (be ) Tj ET Q q 0 0 0 rg BT 439.81 241.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 479.02 241.30 Td (to ) Tj ET Q q 0 0 0 rg BT 491.58 241.30 Td (rely ) Tj ET Q q 0 0 0 rg BT 513.46 241.30 Td (on ) Tj ET Q q 0 0 0 rg BT 528.68 241.30 Td (an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 72.00 226.90 Td (opinion ) Tj ET Q q 0 0 0 rg BT 111.67 226.90 Td (of ) Tj ET Q q 0 0 0 rg BT 124.66 226.90 Td (counsel ) Tj ET Q q 0 0 0 rg BT 164.32 226.90 Td (if ) Tj ET Q q 0 0 0 rg BT 174.65 226.90 Td (any ) Tj ET Q q 0 0 0 rg BT 194.98 226.90 Td (questions ) Tj ET Q q 0 0 0 rg BT 243.31 226.90 Td (as ) Tj ET Q q 0 0 0 rg BT 256.31 226.90 Td (to ) Tj ET Q q 0 0 0 rg BT 268.64 226.90 Td (the ) Tj ET Q q 0 0 0 rg BT 286.30 226.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 325.29 226.90 Td (or ) Tj ET Q q 0 0 0 rg BT 338.29 226.90 Td (requirement ) Tj ET Q q 0 0 0 rg BT 399.26 226.90 Td (of ) Tj ET Q q 0 0 0 rg BT 412.26 226.90 Td (withholding ) Tj ET Q q 0 0 0 rg BT 473.26 226.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 498.93 226.90 Td (arise.) 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Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 288.00 542.70 Td (By: ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 308.337890625 541.100390625 m 390.328125 541.100390625 l s q 0 0 0 rg BT 308.34 542.70 Td (/s/ Jonathan Corr) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 288.00 528.30 Td (Name: Jonathan Corr) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 288.00 513.90 Td (T) Tj ET Q q 0 0 0 rg BT 294.91 513.90 Td (itle: ) Tj ET Q q 0 0 0 rg BT 324.00 513.90 Td ( Chief Executive Of) Tj ET Q q 0 0 0 rg BT 423.08 513.90 Td (ficer) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 288.00 481.50 Td (EXECUTIVE) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 288.00 449.10 Td (By: ) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 308.337890625 447.500390625 m 369.673828125 447.500390625 l s q 0 0 0 rg BT 308.34 449.10 Td (/s/ Limin Hu) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 288.00 434.70 Td (Name: Limin Hu) Tj ET Q endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 23.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.85 730.25 Td (CONSENT) Tj ET Q q 0 0 0 rg BT 180.01 730.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 196.03 730.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 271.14 730.25 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 381.44 730.25 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 704.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 704.25 Td (e have issued our reports dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.71 704.25 Td (February21, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.31 704.25 Td (, with respect to the consolidated financial statements, schedule, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 692.25 Td (internal control over financial reporting included in the ) Tj ET Q q 0 0 0 rg BT 272.15 692.25 Td (Annual Report of Ellie Mae, Inc. on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 680.25 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 680.25 Td (W) Tj ET Q q 0 0 0 rg BT 142.04 680.25 Td (e consent to the incorporation by reference of said reports in the Registration Statements of Ellie Mae, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.25 Td (Inc. on Forms S-3 \(File No. 333-181980 and automatic shelf registration statement File No. 333-212810\) and on Forms S-8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (\(File No. 333-174460, File No. 333-179318, File No. 333-186213, File No. 333-193831, File No. 333-201998, and File No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.25 Td (333-209720\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.35 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 61.95 586.35 Td (GRANT) Tj ET Q q 0 0 0 rg BT 96.21 586.35 Td ( ) Tj ET Q q 0 0 0 rg BT 98.53 586.35 Td (THORNT) Tj ET Q q 0 0 0 rg BT 138.90 586.35 Td (ON ) Tj ET Q q 0 0 0 rg BT 155.84 586.35 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.35 Td (San ) Tj ET Q q 0 0 0 rg BT 67.50 572.35 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 111.38 572.35 Td (California) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.35 Td (February21, ) Tj ET Q q 0 0 0 rg BT 103.60 558.35 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.60 558.35 Td ( ) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 31.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.05 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 206.81 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 241.07 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 282.65 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 316.45 730.25 Td ( EXECUTIVE OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 284.32 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.64 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 293.13 718.25 Td (O SECTION 302 OF) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.55 706.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 333.04 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.99 706.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 355.92 706.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 371.93 706.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (I, Jonathan Corr) Tj ET Q q 0 0 0 rg BT 114.31 685.25 Td (, certify that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.25 Td (I have reviewed this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.75 664.25 Td (Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.19 664.25 Td ( Report on Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.07 664.25 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.63 664.25 Td ( of Ellie Mae, Inc.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 643.25 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 631.25 Td (necessary to make the statements made, in light of the circumstances under which such statements were made, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 619.25 Td (misleading with respect to the period covered by this report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 598.25 Td (Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.25 Td (all material respects the financial condition, results of operations and cash flows of the registrant as of, and for) Tj ET Q q 0 0 0 rg BT 509.12 586.25 Td (, the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.25 Td (presented in this report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 553.25 Td (The 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registrant, including its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 488.25 Td (consolidated subsidiaries, is made known to us by others within those entities, particularly during the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 476.25 Td (in which this report is being prepared;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 459.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 459.25 Td (Designed such internal control over financial reporting, or caused such internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 447.25 Td (reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 435.25 Td (financial reporting and the preparation of financial statements for external purposes in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 423.25 Td (generally accepted accounting principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 406.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 406.25 Td (Evaluated the ef) Tj ET Q q 0 0 0 rg BT 186.79 406.25 Td (fectiveness of the registrant) Tj ET Q q 0 0 0 rg BT 299.80 406.25 Td (s disclosure controls and procedures and presented in this report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 394.25 Td (our conclusions about the ef) Tj ET Q q 0 0 0 rg BT 234.57 394.25 Td (fectiveness of the disclosure controls and procedures, as of the end of the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 382.25 Td (covered by this report based on such evaluation; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 365.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 365.25 Td (Disclosed in this report any change in the registrant) Tj ET Q q 0 0 0 rg BT 330.83 365.25 Td (s internal control over financial reporting that occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 353.25 Td (during the registrant) Tj ET Q q 0 0 0 rg BT 205.87 353.25 Td (s most recent fiscal quarter \(the registrant) Tj ET Q q 0 0 0 rg BT 374.69 353.25 Td (s fourth fiscal quarter in the case of an annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 341.25 Td (report\) that has materially af) Tj ET Q q 0 0 0 rg BT 235.66 341.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 417.07 341.25 Td (fect, the registrant) Tj ET Q q 0 0 0 rg BT 492.32 341.25 Td (s internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 329.25 Td (over financial reporting; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 308.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 126.59 308.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 205.55 308.25 Td (ficer\(s\) and I have disclosed, based on our most recent evaluation of internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 296.25 Td (over financial reporting, to the registrant) Tj ET Q q 0 0 0 rg BT 232.94 296.25 Td (s auditors and the audit committee of the registrant) Tj ET Q q 0 0 0 rg BT 439.00 296.25 Td (s board of directors \(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 284.25 Td (persons performing the equivalent functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 267.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 267.25 Td (All significant deficiencies and material weaknesses in the design or operation of internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 255.25 Td (financial reporting which are reasonably likely to adversely af) Tj ET Q q 0 0 0 rg BT 370.05 255.25 Td (fect the registrant) Tj ET Q q 0 0 0 rg BT 442.80 255.25 Td (s ability to record, process, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 243.25 Td (summarize and report financial information; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 226.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 226.25 Td (Any fraud, whether or not material, that involves management or other employees who have a significant role ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 214.25 Td (in the registrant) Tj ET Q q 0 0 0 rg BT 187.54 214.25 Td (s internal control over financial reporting.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 203.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 178.95000000000005 m 301.5 178.95000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 183.52 Td (/s/ Jonathan Corr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.62 Td (Jonathan Corr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.62 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 130.57 158.62 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.45 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 142.45 Td (February21, 2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 31.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.70 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 208.46 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 242.72 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 284.30 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 318.10 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 376.72 730.25 Td ( OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 284.32 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.64 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 293.13 718.25 Td (O SECTION 302 OF) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.55 706.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 333.04 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.99 706.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 355.92 706.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 371.93 706.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (I, Edgar ) Tj ET Q q 0 0 0 rg BT 84.16 685.25 Td (A. Luce, certify that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.25 Td (I have reviewed this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.75 664.25 Td (Annual) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.19 664.25 Td ( Report on Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.07 664.25 Td (10-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.63 664.25 Td ( of Ellie Mae, Inc.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 643.25 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 631.25 Td (necessary to make the statements made, in light of the circumstances under which such statements were made, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 619.25 Td (misleading with respect to the period covered by this report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 598.25 Td (Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.25 Td (all material respects the financial condition, results of operations and cash flows of the registrant as of, and for) Tj ET Q q 0 0 0 rg BT 509.12 586.25 Td (, the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.25 Td (presented in this report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 553.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 126.59 553.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 205.55 553.25 Td (ficer\(s\) and I are responsible for establishing and maintaining disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 541.25 Td (procedures \(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 212.66 541.25 Td (Act Rules 13a15\(e\) and 15d15\(e\)\) and internal control over financial reporting \(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 529.25 Td (defined in Exchange ) Tj ET Q q 0 0 0 rg BT 152.14 529.25 Td (Act Rules 13a-15\(f\) and 15d-15\(f\)\) for the registrant and have:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 512.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 512.25 Td (Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 500.25 Td (designed under our supervision, to ensure that material information relating to the registrant, including its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 488.25 Td (consolidated subsidiaries, is made known to us by others within those entities, particularly during the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 476.25 Td (in which this report is being prepared;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 459.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 459.25 Td (Designed such internal control over financial reporting, or caused such internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 447.25 Td (reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 435.25 Td (financial reporting and the preparation of financial statements for external purposes in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 423.25 Td (generally accepted accounting principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 406.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 406.25 Td (Evaluated the ef) Tj ET Q q 0 0 0 rg BT 186.79 406.25 Td (fectiveness of the registrant) Tj ET Q q 0 0 0 rg BT 299.80 406.25 Td (s disclosure controls and procedures and presented in this report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 394.25 Td (our conclusions about the ef) Tj ET Q q 0 0 0 rg BT 234.57 394.25 Td (fectiveness of the disclosure controls and procedures, as of the end of the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 382.25 Td (covered by this report based on such evaluation; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 365.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 365.25 Td (Disclosed in this report any change in the registrant) Tj ET Q q 0 0 0 rg BT 330.83 365.25 Td (s internal control over financial reporting that occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 353.25 Td (during the registrant) Tj ET Q q 0 0 0 rg BT 205.87 353.25 Td (s most recent fiscal quarter \(the registrant) Tj ET Q q 0 0 0 rg BT 374.69 353.25 Td (s fourth fiscal quarter in the case of an annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 341.25 Td (report\) that has materially af) Tj ET Q q 0 0 0 rg BT 235.66 341.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 417.07 341.25 Td (fect, the registrant) Tj ET Q q 0 0 0 rg BT 492.32 341.25 Td (s internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 329.25 Td (over financial reporting; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 308.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 126.59 308.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 205.55 308.25 Td (ficer\(s\) and I have disclosed, based on our most recent evaluation of internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 296.25 Td (over financial reporting, to the registrant) Tj ET Q q 0 0 0 rg BT 232.94 296.25 Td (s auditors and the audit committee of the registrant) Tj ET Q q 0 0 0 rg BT 439.00 296.25 Td (s board of directors \(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 284.25 Td (persons performing the equivalent functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 267.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 267.25 Td (All significant deficiencies and material weaknesses in the design or operation of internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 255.25 Td (financial reporting which are reasonably likely to adversely af) Tj ET Q q 0 0 0 rg BT 370.05 255.25 Td (fect the registrant) Tj ET Q q 0 0 0 rg BT 442.80 255.25 Td (s ability to record, process, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 243.25 Td (summarize and report financial information; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 226.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 226.25 Td (Any fraud, whether or not material, that involves management or other employees who have a significant role ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 214.25 Td (in the registrant) Tj ET Q q 0 0 0 rg BT 187.54 214.25 Td (s internal control over financial reporting.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 203.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 178.95000000000005 m 301.5 178.95000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 183.52 Td (/s/ Edgar A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.62 Td (Edgar ) Tj ET Q q 0 0 0 rg BT 78.83 168.62 Td (A. Luce) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.62 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 127.80 158.62 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.45 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 142.45 Td (February21, 2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.48 742.25 Td (32.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.98 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.05 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 206.81 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 241.07 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 282.65 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 316.45 730.25 Td ( EXECUTIVE OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 267.32 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.64 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 276.13 718.25 Td (O 18 U.S.C. 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 560.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 535.95 m 301.5 535.95 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.52 Td (/s/ Jonathan Corr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.62 Td (Jonathan Corr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.62 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 130.57 515.62 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 505.62 Td (\(Principal Executive Of) Tj ET Q q 0 0 0 rg BT 147.79 505.62 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.45 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 489.45 Td (February21, 2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.48 742.25 Td (32.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 561.98 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.70 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 208.46 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 242.72 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 284.30 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 318.10 730.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 376.72 730.25 Td ( OFFICER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 267.32 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.64 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 276.13 718.25 Td (O 18 U.S.C. SECTION 1350,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.00 706.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 219.73 706.25 Td (ADOPTED PURSUANT) Tj ET Q q 0 0 0 rg BT 325.39 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.71 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 334.20 706.25 Td (O SECTION 906) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.60 694.25 Td (OF) Tj ET Q q 0 0 0 rg BT 223.12 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.43 694.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 340.92 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.87 694.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 363.80 694.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 379.82 694.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (Pursuant to the requirement set forth in Rule13a-14\(b\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 381.30 673.25 Td (Act of 1934, as amended \(the Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (Act\), and Section1350 of Chapter63 of ) Tj ET Q q 0 0 0 rg BT 217.28 661.25 Td (T) Tj ET Q q 0 0 0 rg BT 223.03 661.25 Td (itle 18 of the United States Code \(18 U.S.C. 1350\), Edgar ) Tj ET Q q 0 0 0 rg BT 460.50 661.25 Td (A. 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